ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
(State of incorporation) | (I.R.S. Employer Identification No.) | |||||||
(Address of principal executive offices) | (Zip Code) |
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
| ||||||||
Large accelerated filer | ☐ | Accelerated filer | ☐ | ☒ | Smaller reporting company | Emerging growth company | ||||||||||||||||||||||||||||||||||||||
HSBC USA Inc. |
Part/Item No. | ||||||||
Part I | Page | |||||||
Item 1. | Business: | |||||||
Item 1A. | ||||||||
Item 1B. | ||||||||
Item 1C. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Part II | ||||||||
Item 5. | ||||||||
Item 7. | Management's Discussion and Analysis of Financial Condition and Results of Operations: | |||||||
Item 7A. | ||||||||
Item 8. | Financial Statements and Supplementary Data: | |||||||
Report of Independent Registered Public Accounting Firm (PCAOB ID | ||||||||
Item 9. | ||||||||
Item 9A. | ||||||||
Item 9B. | ||||||||
Item 9C. |
HSBC USA Inc. |
Part/Item No. | ||||||||
Part III | Page | |||||||
Item 10. | ||||||||
Item 11. | ||||||||
Item 12. | ||||||||
Item 13. | ||||||||
Item 14. | ||||||||
Part IV | ||||||||
Item 15. | ||||||||
Item 16. | ||||||||
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Common Equity Tier 1 Ratio | Tier 1 Capital Ratio | Total Capital Ratio | Tier 1 Leverage Ratio | ||||||||||||||||||||
Regulatory minimum ratio | 4.5 | % | 6.0 | % | 8.0 | % | 4.0 | % | |||||||||||||||
Plus: Capital conservation buffer requirement | 2.5 | % | 2.5 | % | 2.5 | % | — | ||||||||||||||||
Regulatory minimum ratio plus capital conservation buffer | 7.0 | % | 8.5 | % | 10.5 | % | 4.0 | % |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(dollars are in millions) | |||||||||||||||||
Net income | $ | 393 | $ | 548 | $ | 688 | |||||||||||
Rate of return on average: | |||||||||||||||||
Total assets | .2 | % | .3 | % | .4 | % | |||||||||||
Common equity | 3.2 | 3.3 | 3.6 | ||||||||||||||
Tangible common equity(1) | 3.3 | 3.4 | 3.7 | ||||||||||||||
Total equity | 3.3 | 3.6 | 3.8 | ||||||||||||||
Net interest margin | 1.10 | 1.28 | 1.13 | ||||||||||||||
Efficiency ratio | 84.1 | 76.0 | 89.7 | ||||||||||||||
Commercial net charge-off ratio(2) | .10 | .04 | .09 | ||||||||||||||
Consumer net charge-off ratio(2) | .03 | (.06) | .51 |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Common equity | $ | 11,777 | $ | 14,119 | $ | 16,896 | |||||||||||
Less: Goodwill | 458 | 458 | 458 | ||||||||||||||
Less: Intangible assets - purchased credit card relationships | — | — | 5 | ||||||||||||||
Tangible common equity | $ | 11,319 | $ | 13,661 | $ | 16,433 |
At December 31, | 2023 | 2022 | |||||||||
Additional Select Ratios: | |||||||||||
Allowance as a percent of loans(1) | 1.00 | % | .98 | % | |||||||
Commercial allowance as a percent of loans(1) | 1.44 | 1.32 | |||||||||
Consumer allowance as a percent of loans(1) | .09 | .19 | |||||||||
Loans to deposits ratio(2) | 48.43 | 48.00 | |||||||||
Common equity Tier 1 capital to risk-weighted assets | 13.0 | 13.5 | |||||||||
Tier 1 capital to risk-weighted assets | 13.3 | 13.8 | |||||||||
Total capital to risk-weighted assets | 15.7 | 16.1 | |||||||||
Tier 1 leverage ratio | 7.7 | 8.5 | |||||||||
Total equity to total assets | 6.9 | 7.4 |
HSBC USA Inc. |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Profit before tax – U.S. GAAP basis | $ | 488 | $ | 725 | $ | 912 | |||||||||||
Adjustments: | |||||||||||||||||
Other long-lived assets | 202 | (8) | 61 | ||||||||||||||
Renewable energy tax credit investments | 12 | 25 | 21 | ||||||||||||||
Gain on transfer of precious metals trading client relationships to an affiliate | 10 | — | — | ||||||||||||||
Pension and other postretirement benefit costs | — | 6 | (10) | ||||||||||||||
Loans held for sale | (5) | 25 | (62) | ||||||||||||||
Expected credit losses | (45) | 153 | (272) | ||||||||||||||
Other | (4) | (1) | (9) | ||||||||||||||
Profit before tax – Group Reporting Basis | $ | 658 | $ | 925 | $ | 641 |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Increase (Decrease) From December 31, 2022 | |||||||||||||||||
December 31, 2023 | Amount | % | |||||||||||||||
(dollars are in millions) | |||||||||||||||||
Period end assets: | |||||||||||||||||
Short-term investments | $ | 39,597 | $ | (2,236) | (5.3) | % | |||||||||||
Loans, net | 58,396 | (400) | (.7) | ||||||||||||||
Loans held for sale | 339 | (15) | (4.2) | ||||||||||||||
Trading assets | 22,115 | 385 | 1.8 | ||||||||||||||
Securities | 40,772 | 6,110 | 17.6 | ||||||||||||||
All other assets | 7,019 | (261) | (3.6) | ||||||||||||||
$ | 168,238 | $ | 3,583 | 2.2 | % | ||||||||||||
Period end liabilities and equity: | |||||||||||||||||
Total deposits | $ | 121,283 | $ | (1,940) | (1.6) | % | |||||||||||
Trading liabilities | 3,485 | 682 | 24.3 | ||||||||||||||
Short-term borrowings | 9,914 | 3,969 | 66.8 | ||||||||||||||
Long-term debt | 18,661 | 1,070 | 6.1 | ||||||||||||||
Interest, taxes and other liabilities | 3,256 | 276 | 9.3 | ||||||||||||||
Total equity | 11,639 | (474) | (3.9) | ||||||||||||||
$ | 168,238 | $ | 3,583 | 2.2 | % |
HSBC USA Inc. |
Increase (Decrease) From December 31, 2022 | |||||||||||||||||
December 31, 2023 | Amount | % | |||||||||||||||
(dollars are in millions) | |||||||||||||||||
Commercial loans: | |||||||||||||||||
Real estate, including construction | $ | 7,087 | $ | (876) | (11.0) | % | |||||||||||
Business and corporate banking | 15,724 | (351) | (2.2) | ||||||||||||||
Global banking(1) | 10,725 | 147 | 1.4 | ||||||||||||||
Other commercial(2) | 6,421 | (780) | (10.8) | ||||||||||||||
Total commercial | 39,957 | (1,860) | (4.4) | ||||||||||||||
Consumer loans: | |||||||||||||||||
Residential mortgages | 18,341 | 1,503 | 8.9 | ||||||||||||||
Home equity mortgages | 389 | 19 | 5.1 | ||||||||||||||
Credit cards | 199 | (14) | (6.6) | ||||||||||||||
Other consumer | 101 | (41) | (28.9) | ||||||||||||||
Total consumer | 19,030 | 1,467 | 8.4 | ||||||||||||||
Total loans | 58,987 | (393) | (.7) | ||||||||||||||
Allowance for credit losses(3) | 591 | 7 | 1.2 | ||||||||||||||
Loans, net | $ | 58,396 | $ | (400) | (.7) | % |
LTV Ratios(1)(2) | |||||||||||||||||||||||
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
First Lien | Second Lien | First Lien | Second Lien | ||||||||||||||||||||
LTV < 80% | 99.1 | % | 98.9 | % | 98.5 | % | 98.9 | % | |||||||||||||||
80% < LTV < 90% | .9 | 1.1 | 1.5 | 1.1 | |||||||||||||||||||
90% < LTV < 100% | — | — | — | — | |||||||||||||||||||
LTV > 100% | — | — | — | — | |||||||||||||||||||
Average LTV for portfolio | 49.5 | 46.3 | 48.8 | 43.1 |
HSBC USA Inc. |
Increase (Decrease) From December 31, 2022 | |||||||||||||||||
December 31, 2023 | Amount | % | |||||||||||||||
(dollars are in millions) | |||||||||||||||||
Commercial loans: | |||||||||||||||||
Global banking | $ | 339 | $ | (10) | (2.9) | % | |||||||||||
Total commercial | 339 | (10) | (2.9) | ||||||||||||||
Consumer loans: | |||||||||||||||||
Residential mortgages | — | (5) | (100.0) | ||||||||||||||
Total consumer | — | (5) | (100.0) | ||||||||||||||
Total loans held for sale | $ | 339 | $ | (15) | (4.2) | % |
HSBC USA Inc. |
Increase (Decrease) From December 31, 2022 | |||||||||||||||||
December 31, 2023 | Amount | % | |||||||||||||||
(dollars are in millions) | |||||||||||||||||
Trading assets: | |||||||||||||||||
Securities(1) | $ | 20,493 | $ | 4,208 | 25.8 | % | |||||||||||
Precious metals | 346 | (3,485) | (91.0) | ||||||||||||||
Derivatives, net | 1,276 | (338) | (20.9) | ||||||||||||||
$ | 22,115 | $ | 385 | 1.8 | % | ||||||||||||
Trading liabilities: | |||||||||||||||||
Securities sold, not yet purchased | $ | 1,688 | $ | 851 | * | ||||||||||||
Payables for precious metals | 301 | 301 | * | ||||||||||||||
Derivatives, net | 1,496 | (470) | (23.9) | ||||||||||||||
$ | 3,485 | $ | 682 | 24.3 | % |
HSBC USA Inc. |
Increase (Decrease) From December 31, 2022 | |||||||||||||||||
December 31, 2023 | Amount | % | |||||||||||||||
(dollars are in millions) | |||||||||||||||||
Individuals, partnerships and corporations | $ | 109,437 | $ | 1,267 | 1.2 | % | |||||||||||
Domestic and foreign banks | 9,351 | (3,005) | (24.3) | ||||||||||||||
U.S. government and states and political subdivisions | 126 | (34) | (21.3) | ||||||||||||||
Foreign governments and official institutions | 2,369 | (168) | (6.6) | ||||||||||||||
Total deposits | $ | 121,283 | $ | (1,940) | (1.6) | % | |||||||||||
HSBC USA Inc. |
2023 Compared with 2022 Increase (Decrease) | 2022 Compared with 2021 Increase (Decrease) | ||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | 2023 | Volume | Rate | 2022 | Volume | Rate | 2021 | ||||||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||||||||
Interest income: | |||||||||||||||||||||||||||||||||||||||||
Short-term investments | $ | 1,687 | $ | (113) | $ | 1,097 | $ | 703 | $ | (20) | $ | 642 | $ | 81 | |||||||||||||||||||||||||||
Trading securities | 266 | 15 | 32 | 219 | (54) | 48 | 225 | ||||||||||||||||||||||||||||||||||
Securities | 1,558 | 32 | 726 | 800 | (97) | 256 | 641 | ||||||||||||||||||||||||||||||||||
Commercial loans | 2,813 | (97) | 1,320 | 1,590 | 84 | 458 | 1,048 | ||||||||||||||||||||||||||||||||||
Consumer loans | 645 | 16 | 89 | 540 | (83) | (34) | 657 | ||||||||||||||||||||||||||||||||||
Other | 80 | (13) | 40 | 53 | (1) | 31 | 23 | ||||||||||||||||||||||||||||||||||
Total interest income | 7,049 | (160) | 3,304 | 3,905 | (171) | 1,401 | 2,675 | ||||||||||||||||||||||||||||||||||
Interest expense: | |||||||||||||||||||||||||||||||||||||||||
Deposits | 3,650 | 4 | 2,510 | 1,136 | (43) | 912 | 267 | ||||||||||||||||||||||||||||||||||
Short-term borrowings | 514 | 20 | 329 | 165 | 4 | 143 | 18 | ||||||||||||||||||||||||||||||||||
Long-term debt | 1,133 | 92 | 536 | 505 | (46) | 255 | 296 | ||||||||||||||||||||||||||||||||||
Tax liabilities and other | 47 | 2 | 15 | 30 | 4 | 15 | 11 | ||||||||||||||||||||||||||||||||||
Total interest expense | 5,344 | 118 | 3,390 | 1,836 | (81) | 1,325 | 592 | ||||||||||||||||||||||||||||||||||
Net interest income | $ | 1,705 | $ | (278) | $ | (86) | $ | 2,069 | $ | (90) | $ | 76 | $ | 2,083 | |||||||||||||||||||||||||||
Yield on total interest earning assets | 4.54 | % | 2.41 | % | 1.46 | % | |||||||||||||||||||||||||||||||||||
Cost of total interest bearing liabilities | 4.41 | 1.56 | .44 | ||||||||||||||||||||||||||||||||||||||
Interest rate spread | .13 | .85 | 1.02 | ||||||||||||||||||||||||||||||||||||||
Benefit from net non-interest paying funds(1) | .97 | .43 | .11 | ||||||||||||||||||||||||||||||||||||||
Net interest margin on average earning assets | 1.10 | % | 1.28 | % | 1.13 | % | |||||||||||||||||||||||||||||||||||
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Loans: | |||||||||||||||||
Commercial loans: | |||||||||||||||||
Real estate, including construction | $ | (56) | $ | 129 | $ | (72) | |||||||||||
Business and corporate banking | 111 | (8) | (107) | ||||||||||||||
Global banking | 7 | 29 | (174) | ||||||||||||||
Other commercial | — | (3) | (3) | ||||||||||||||
Total commercial loans | 62 | 147 | (356) | ||||||||||||||
Consumer loans: | |||||||||||||||||
Residential mortgages | (19) | — | 21 | ||||||||||||||
Home equity mortgages | 4 | (6) | (18) | ||||||||||||||
Credit cards | 4 | (2) | (66) | ||||||||||||||
Other consumer | — | 4 | (18) | ||||||||||||||
Total consumer loans | (11) | (4) | (81) | ||||||||||||||
Total loans | 51 | 143 | (437) | ||||||||||||||
Securities held-to-maturity | — | (1) | — | ||||||||||||||
Other financial assets measured at amortized cost | — | (1) | 1 | ||||||||||||||
Securities available-for-sale | — | (1) | — | ||||||||||||||
Off-balance sheet credit exposures | (6) | 14 | (134) | ||||||||||||||
Total provision for credit losses | $ | 45 | $ | 154 | $ | (570) |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Credit card fees, net | $ | 49 | $ | 45 | $ | 37 | |||||||||||
Trust and investment management fees | 134 | 136 | 108 | ||||||||||||||
Other fees and commissions | 626 | 619 | 652 | ||||||||||||||
Trading revenue | 942 | 517 | 24 | ||||||||||||||
Other securities gains (losses), net | (243) | 26 | 73 | ||||||||||||||
Servicing and other fees from HSBC affiliates | 327 | 343 | 321 | ||||||||||||||
Gain (loss) on instruments designated at fair value and related derivatives | (42) | (50) | 35 | ||||||||||||||
Gain on sale of branch disposal group, net | — | 113 | — | ||||||||||||||
Other income (loss): | |||||||||||||||||
Valuation of loans held for sale | (32) | (19) | (14) | ||||||||||||||
Residential mortgage banking revenue (expense) | 3 | (1) | 20 | ||||||||||||||
Insurance | 4 | 4 | 6 | ||||||||||||||
Miscellaneous income (loss) | (116) | (138) | (25) | ||||||||||||||
Total other income (loss) | (141) | (154) | (13) | ||||||||||||||
Total other revenues | $ | 1,652 | $ | 1,595 | $ | 1,237 |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Business Activities: | |||||||||||||||||
Foreign Exchange | $ | 336 | $ | 301 | $ | 193 | |||||||||||
Metals | 171 | 132 | 50 | ||||||||||||||
Debt Markets | (1) | (6) | — | ||||||||||||||
Securities Financing | 426 | 22 | (157) | ||||||||||||||
Markets Treasury | 12 | 74 | 18 | ||||||||||||||
Legacy structured credit products | — | 1 | (28) | ||||||||||||||
Other trading(1) | (2) | (7) | (52) | ||||||||||||||
Total trading revenue | $ | 942 | $ | 517 | $ | 24 |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(dollars are in millions) | |||||||||||||||||
Salaries and employee benefits | $ | 530 | $ | 591 | $ | 665 | |||||||||||
Support services from HSBC affiliates: | |||||||||||||||||
Fees paid to HTSU | 952 | 1,018 | 1,061 | ||||||||||||||
Fees paid to HMUS | 230 | 191 | 118 | ||||||||||||||
Fees paid to other HSBC affiliates | 489 | 553 | 441 | ||||||||||||||
Total support services from HSBC affiliates | 1,671 | 1,762 | 1,620 | ||||||||||||||
Occupancy expense, net | 60 | 66 | 248 | ||||||||||||||
Other expenses: | |||||||||||||||||
Equipment and software | 112 | 106 | 111 | ||||||||||||||
Marketing | 22 | 31 | 46 | ||||||||||||||
Outside services | 49 | 67 | 75 | ||||||||||||||
Professional fees | 50 | 67 | 76 | ||||||||||||||
FDIC assessment fees(1) | 322 | 54 | 63 | ||||||||||||||
Miscellaneous | 8 | 41 | 74 | ||||||||||||||
Total other expenses | 563 | 366 | 445 | ||||||||||||||
Total operating expenses | $ | 2,824 | $ | 2,785 | $ | 2,978 | |||||||||||
Personnel - average number | 2,005 | 2,567 | 3,713 | ||||||||||||||
Efficiency ratio | 84.1 | % | 76.0 | % | 89.7 | % |
HSBC USA Inc. |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Net interest income | $ | 757 | $ | 782 | $ | 801 | |||||||||||
Other operating income | 118 | 298 | 303 | ||||||||||||||
Total operating income(1) | 875 | 1,080 | 1,104 | ||||||||||||||
Expected credit losses | 3 | (35) | (21) | ||||||||||||||
Net operating income | 872 | 1,115 | 1,125 | ||||||||||||||
Operating expenses | 602 | 863 | 1,221 | ||||||||||||||
Profit (loss) before tax | $ | 270 | $ | 252 | $ | (96) |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Retail banking current accounts, savings and deposits | $ | 462 | $ | 436 | $ | 413 | |||||||||||
Retail banking mortgages, credit cards and other personal lending | 124 | 180 | 306 | ||||||||||||||
Wealth and asset management products | 98 | 94 | 78 | ||||||||||||||
Private banking | 187 | 217 | 178 | ||||||||||||||
Retail business banking and other(2) | 4 | 153 | 129 | ||||||||||||||
Total operating income | $ | 875 | $ | 1,080 | $ | 1,104 |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Client assets at beginning of period | $ | 49,549 | $ | 66,181 | |||||||
Net new money (outflows) | (4,468) | (6,817) | |||||||||
Value change | 10,673 | (9,815) | |||||||||
Client assets at end of period | $ | 55,754 | $ | 49,549 |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Net interest income | $ | 1,144 | $ | 941 | $ | 771 | |||||||||||
Other operating income | 184 | 287 | 297 | ||||||||||||||
Total operating income(1) | 1,328 | 1,228 | 1,068 | ||||||||||||||
Expected credit losses | 63 | 22 | (26) | ||||||||||||||
Net operating income | 1,265 | 1,206 | 1,094 | ||||||||||||||
Operating expenses | 675 | 586 | 581 | ||||||||||||||
Profit before tax | $ | 590 | $ | 620 | $ | 513 |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Lending and Transaction Management | $ | 417 | $ | 444 | $ | 466 | |||||||||||
Global Payments Solutions ("GPS") | 700 | 526 | 399 | ||||||||||||||
Global Trade and Receivables Finance ("GTRF") | 76 | 75 | 64 | ||||||||||||||
Investment banking products and other(2) | 135 | 183 | 139 | ||||||||||||||
Total operating income | $ | 1,328 | $ | 1,228 | $ | 1,068 |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Net interest income | $ | 497 | $ | 467 | $ | 315 | |||||||||||
Other operating income | 282 | 339 | 409 | ||||||||||||||
Total operating income(1) | 779 | 806 | 724 | ||||||||||||||
Expected credit losses | 29 | 31 | (157) | ||||||||||||||
Net operating income | 750 | 775 | 881 | ||||||||||||||
Operating expenses | 574 | 483 | 407 | ||||||||||||||
Profit before tax | $ | 176 | $ | 292 | $ | 474 |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
GPS | $ | 448 | $ | 482 | $ | 363 | |||||||||||
Investment Banking(2) | 260 | 141 | 210 | ||||||||||||||
Credit and Lending | 88 | 84 | 91 | ||||||||||||||
GTRF | 54 | 53 | 48 | ||||||||||||||
GB Other(3) | (71) | 46 | 12 | ||||||||||||||
Total operating income | $ | 779 | $ | 806 | $ | 724 |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Net interest income | $ | 44 | $ | 41 | $ | 31 | |||||||||||
Other operating income | 336 | 418 | 334 | ||||||||||||||
Total operating income(1) | 380 | 459 | 365 | ||||||||||||||
Expected credit losses | — | — | — | ||||||||||||||
Net operating income | 380 | 459 | 365 | ||||||||||||||
Operating expenses | 280 | 286 | 275 | ||||||||||||||
Profit before tax | $ | 100 | $ | 173 | $ | 90 |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Foreign Exchange and Metals | $ | 246 | $ | 318 | $ | 237 | |||||||||||
Debt Markets | 25 | 4 | 1 | ||||||||||||||
Securities Financing | 34 | 52 | 43 | ||||||||||||||
Equities | 28 | 56 | 56 | ||||||||||||||
Securities Services | 31 | 29 | 26 | ||||||||||||||
MSS Other(2) | (1) | (1) | (14) | ||||||||||||||
Credit and funding valuation adjustments | 17 | 1 | 16 | ||||||||||||||
Total MSS | $ | 380 | $ | 459 | $ | 365 | |||||||||||
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Net interest income (expense) | $ | (14) | $ | 7 | $ | (24) | |||||||||||
Other operating income (expense) | (24) | 86 | 100 | ||||||||||||||
Total operating income (expense) | (38) | 93 | 76 | ||||||||||||||
Expected credit losses | (1) | 2 | (1) | ||||||||||||||
Net operating income (expense) | (37) | 91 | 77 | ||||||||||||||
Operating expenses | 74 | 111 | 98 | ||||||||||||||
Loss before tax | $ | (111) | $ | (20) | $ | (21) |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Net interest income (expense) | $ | (506) | $ | (178) | $ | 10 | |||||||||||
Other operating income (expense) | 503 | 182 | (13) | ||||||||||||||
Total operating income (expense) | (3) | 4 | (3) | ||||||||||||||
Expected credit losses | — | — | — | ||||||||||||||
Net operating income (expense) | (3) | 4 | (3) | ||||||||||||||
Operating expenses | 364 | 396 | 316 | ||||||||||||||
Loss before tax | $ | (367) | $ | (392) | $ | (319) |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Allowance for credit losses: | |||||||||||
Loans: | |||||||||||
Commercial loans | $ | 574 | $ | 551 | |||||||
Consumer loans | 17 | 33 | |||||||||
Total loans | 591 | 584 | |||||||||
Securities held-to-maturity | — | — | |||||||||
Other financial assets measured at amortized cost(1) | — | — | |||||||||
Securities available-for-sale | — | — | |||||||||
Total allowance for credit losses | $ | 591 | $ | 584 | |||||||
Liability for off-balance sheet credit exposures | $ | 111 | $ | 117 |
HSBC USA Inc. |
Amount | % of Loans to Total Loans | Amount | % of Loans to Total Loans | ||||||||||||||||||||
At December 31, | 2023 | 2022 | |||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||
Real estate, including construction | $ | 144 | 12.0 | % | $ | 200 | 13.4 | % | |||||||||||||||
Business and corporate banking | 302 | 26.7 | 230 | 27.1 | |||||||||||||||||||
Global banking | 127 | 18.1 | 120 | 17.8 | |||||||||||||||||||
Other commercial | 1 | 10.9 | 1 | 12.1 | |||||||||||||||||||
Total commercial | 574 | 67.7 | 551 | 70.4 | |||||||||||||||||||
Consumer: | |||||||||||||||||||||||
Residential mortgages | (9) | 31.1 | 11 | 28.4 | |||||||||||||||||||
Home equity mortgages | 7 | .7 | 2 | .6 | |||||||||||||||||||
Credit cards | 16 | .3 | 16 | .4 | |||||||||||||||||||
Other consumer | 3 | .2 | 4 | .2 | |||||||||||||||||||
Total consumer | 17 | 32.3 | 33 | 29.6 | |||||||||||||||||||
Total | $ | 591 | 100.0 | % | $ | 584 | 100.0 | % |
At December 31, | 2023 | 2022 | |||||||||
Ratio of Allowance for credit losses to: | |||||||||||
Loans:(1) | |||||||||||
Commercial: | |||||||||||
Non-affiliates | 1.54 | % | 1.44 | % | |||||||
Affiliates | — | — | |||||||||
Total commercial | 1.44 | 1.32 | |||||||||
Consumer: | |||||||||||
Residential mortgages | (.05) | .07 | |||||||||
Home equity mortgages | 1.80 | .54 | |||||||||
Credit cards | 8.04 | 7.51 | |||||||||
Other consumer | 2.97 | 2.82 | |||||||||
Total consumer | .09 | .19 | |||||||||
Total loans | 1.00 | .98 | |||||||||
Nonperforming loans:(1)(2) | |||||||||||
Commercial | 135 | % | 255 | % | |||||||
Consumer | 9 | 15 | |||||||||
Total nonperforming loans | 97 | 133 |
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Delinquent Loans | Delinquency Ratio | Delinquent Loans | Delinquency Ratio | ||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||
Commercial | $ | 416 | 1.04 | % | $ | 126 | .30 | % | |||||||||||||||
Consumer: | |||||||||||||||||||||||
Residential mortgages(1)(2) | 115 | .63 | 141 | .84 | |||||||||||||||||||
Home equity mortgages(1)(2) | 4 | 1.03 | 3 | .81 | |||||||||||||||||||
Credit cards | 4 | 2.01 | 3 | 1.41 | |||||||||||||||||||
Other consumer | 2 | 1.98 | 3 | 2.11 | |||||||||||||||||||
Total consumer | 125 | .66 | 150 | .85 | |||||||||||||||||||
Total | $ | 541 | .92 | $ | 276 | .46 |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Delinquent Loans | Delinquency Ratio | Delinquent Loans | Delinquency Ratio | ||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||
Interest-only loans | $ | 4 | .09 | % | $ | 9 | .22 | % | |||||||||||||||
ARM loans | 69 | .51 | 85 | .67 | |||||||||||||||||||
HSBC USA Inc. |
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Charge-off Dollars | Average Loans | Net Charge-off Ratio | Net Charge-off Dollars | Average Loans | Net Charge-off Ratio | Net Charge-off Dollars | Average Loans | Net Charge-off Ratio | |||||||||||||||||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction | $ | — | $ | 7,419 | — | % | $ | 2 | $ | 8,325 | .02 | % | $ | — | $ | 9,503 | — | % | |||||||||||||||||||||||||||||||||||
Business and corporate banking | 39 | 16,305 | .24 | 5 | 16,019 | .03 | 25 | 13,123 | .19 | ||||||||||||||||||||||||||||||||||||||||||||
Global banking | — | 10,182 | — | 9 | 11,919 | .08 | 13 | 11,908 | .11 | ||||||||||||||||||||||||||||||||||||||||||||
Other commercial | — | 6,718 | — | — | 7,079 | — | — | 5,656 | — | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial | 39 | 40,624 | .10 | 16 | 43,342 | .04 | 38 | 40,190 | .09 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages | 1 | 17,481 | .01 | (3) | 16,183 | (.02) | 4 | 17,074 | .02 | ||||||||||||||||||||||||||||||||||||||||||||
Home equity mortgages | (1) | 369 | (.27) | (3) | 332 | (.90) | (1) | 504 | (.20) | ||||||||||||||||||||||||||||||||||||||||||||
Credit cards | 4 | 196 | 2.04 | (4) | 190 | (2.11) | 81 | 463 | 17.48 | ||||||||||||||||||||||||||||||||||||||||||||
Other consumer | 1 | 114 | .88 | — | 58 | — | 9 | 191 | 4.72 | ||||||||||||||||||||||||||||||||||||||||||||
Total consumer | 5 | 18,160 | .03 | (10) | 16,763 | (.06) | 93 | 18,232 | .51 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 44 | $ | 58,784 | .07 | $ | 6 | $ | 60,105 | .01 | $ | 131 | $ | 58,422 | .22 |
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Nonperforming Loans(1) | Nonperforming Ratio | Nonperforming Loans(1) | Nonperforming Ratio | ||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||
Commercial | $ | 425 | 1.06 | % | $ | 216 | .52 | % | |||||||||||||||
Consumer: | |||||||||||||||||||||||
Residential mortgages(2)(3)(4) | 172 | .94 | 213 | 1.26 | |||||||||||||||||||
Home equity mortgages(2)(3) | 6 | 1.54 | 7 | 1.89 | |||||||||||||||||||
Credit cards | 3 | 1.51 | 2 | .94 | |||||||||||||||||||
Other consumer | 2 | 1.98 | 1 | .70 | |||||||||||||||||||
Total consumer | 183 | .96 | 223 | 1.27 | |||||||||||||||||||
Total | $ | 608 | 1.03 | $ | 439 | .74 | |||||||||||||||||
Other real estate owned(5) | $ | 2 | $ | 2 |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Special mention | $ | 1,004 | $ | 1,090 | |||||||
Substandard | 2,046 | 2,913 | |||||||||
Doubtful | 505 | 105 | |||||||||
Total | $ | 3,555 | $ | 4,108 |
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Commercial Utilized | Unused Commercial Commitments | Commercial Utilized | Unused Commercial Commitments | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Diversified financials | $ | 8,753 | $ | 9,702 | $ | 8,415 | $ | 11,779 | |||||||||||||||
Real estate | 4,702 | 1,695 | 6,198 | 1,909 | |||||||||||||||||||
Commercial and professional services | 3,385 | 5,915 | 3,002 | 5,677 | |||||||||||||||||||
Consumer services | 2,445 | 3,116 | 2,783 | 3,251 | |||||||||||||||||||
Semiconductors and semiconductor equipment | 2,116 | 1,165 | 238 | 3,531 | |||||||||||||||||||
Capital goods | 2,062 | 6,736 | 2,167 | 6,076 | |||||||||||||||||||
Retailing | 1,752 | 4,790 | 2,285 | 5,779 | |||||||||||||||||||
Consumer durables and apparel | 1,599 | 3,351 | 1,937 | 2,975 | |||||||||||||||||||
Utilities | 1,334 | 1,421 | 842 | 991 | |||||||||||||||||||
Technology hardware and equipment | 1,271 | 6,290 | 1,265 | 6,530 | |||||||||||||||||||
Software and services | 983 | 4,401 | 1,726 | 4,356 | |||||||||||||||||||
Chemicals | 977 | 4,165 | 1,367 | 4,109 | |||||||||||||||||||
Health care equipment and services | 966 | 2,910 | 1,182 | 2,624 | |||||||||||||||||||
Energy | 774 | 5,476 | 988 | 4,464 | |||||||||||||||||||
Food, beverage and tobacco | 760 | 2,482 | 668 | 2,351 | |||||||||||||||||||
Metals and mining | 678 | 589 | 629 | 462 | |||||||||||||||||||
Banks | 642 | 570 | 702 | 590 | |||||||||||||||||||
Food and staples retailing | 588 | 1,600 | 628 | 1,457 | |||||||||||||||||||
Pharmaceuticals, biotechnology and life science | 396 | 4,926 | 398 | 5,313 | |||||||||||||||||||
Media and entertainment | 331 | 769 | 315 | 693 | |||||||||||||||||||
Total commercial credit exposure in top 20 industries(1) | 36,514 | 72,069 | 37,735 | 74,917 | |||||||||||||||||||
All other industries | 825 | 8,138 | 525 | 7,969 | |||||||||||||||||||
Total commercial credit exposure(2) | $ | 37,339 | $ | 80,207 | $ | 38,260 | $ | 82,886 |
HSBC USA Inc. |
Commercial Real Estate, including Construction Loans | Residential Mortgages and Home Equity Mortgages | ||||||||||
December 31, 2023 | |||||||||||
New York State | 23.8 | % | 30.2 | % | |||||||
California | 10.2 | 44.9 | |||||||||
North Central United States | 12.7 | 1.0 | |||||||||
North Eastern United States, excluding New York State | 6.0 | 7.7 | |||||||||
Southern United States | 41.2 | 10.1 | |||||||||
Western United States, excluding California | 6.1 | 6.1 | |||||||||
Total | 100.0 | % | 100.0 | % | |||||||
December 31, 2022 | |||||||||||
New York State | 23.6 | % | 31.6 | % | |||||||
California | 17.3 | 43.9 | |||||||||
North Central United States | 11.2 | 1.0 | |||||||||
North Eastern United States, excluding New York State | 4.4 | 7.8 | |||||||||
Southern United States | 36.3 | 10.1 | |||||||||
Western United States, excluding California | 7.2 | 5.6 | |||||||||
Total | 100.0 | % | 100.0 | % |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Interest-only residential mortgage and home equity mortgage loans | $ | 4,392 | $ | 4,063 | |||||||
ARM loans(1) | 13,363 | 12,663 |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Closed end: | |||||||||||
First lien | $ | 18,341 | $ | 16,838 | |||||||
Second lien | 15 | 16 | |||||||||
Revolving(1) | 374 | 354 | |||||||||
Total | $ | 18,730 | $ | 17,208 |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Risk associated with derivative contracts: | |||||||||||
Total credit risk exposure | $ | 9,716 | $ | 12,437 | |||||||
Less: collateral held against exposure | 2,459 | 3,488 | |||||||||
Net credit risk exposure | $ | 7,257 | $ | 8,949 |
Percent of Current Credit Risk Exposure, Net of Collateral | |||||||||||
Rating Equivalent at December 31, | 2023 | 2022 | |||||||||
AAA to AA– | 58 | % | 65 | % | |||||||
A+ to A– | 31 | 22 | |||||||||
BBB+ to BBB– | 10 | 12 | |||||||||
BB+ to B– | 1 | 1 | |||||||||
CCC+ and below | — | — | |||||||||
Total | 100 | % | 100 | % |
HSBC USA Inc. |
Portion of Domestic Time Deposits in Excess of the FDIC Insurance Limit | Time Deposits that are Otherwise Uninsured(1) | Total | |||||||||||||||
(in millions) | |||||||||||||||||
0-90 days | $ | 7,161 | $ | 246 | $ | 7,407 | |||||||||||
91-180 days | 2,137 | 120 | 2,257 | ||||||||||||||
181-365 days | 4,335 | — | 4,335 | ||||||||||||||
13,633 | 366 | 13,999 | |||||||||||||||
Thereafter | 1,568 | — | 1,568 | ||||||||||||||
$ | 15,201 | $ | 366 | $ | 15,567 |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Long-term debt issued | $ | 4,557 | $ | 5,933 | |||||||
Long-term debt repaid | (4,448) | (3,229) | |||||||||
Net long-term debt issued | $ | 109 | $ | 2,704 |
2023 | 2022 | ||||||||||
Common equity Tier 1 capital to risk-weighted assets | 13.0 | % | 13.5 | % | |||||||
Tier 1 capital to risk-weighted assets | 13.3 | 13.8 | |||||||||
Total capital to risk-weighted assets | 15.7 | 16.1 | |||||||||
Tier 1 leverage ratio(1) | 7.7 | 8.5 | |||||||||
HSBC USA Inc. |
HSBC USA Inc. |
(in billions) | |||||
Increase (decrease) in funding needs: | |||||
Net change in loans | $ | 4 | |||
Net change in short-term investments and securities | (5) | ||||
Net change in trading and other assets | (2) | ||||
Total funding needs | $ | (3) | |||
Increase (decrease) in funding sources: | |||||
Net change in deposits | $ | (1) | |||
Net change in trading and other short-term liabilities | (1) | ||||
Net change in long-term debt | (1) | ||||
Total funding sources | $ | (3) |
Due Within One Year | Due After One Year | Total | |||||||||||||||
(in millions) | |||||||||||||||||
Time deposits | $ | 17,986 | $ | 3,218 | $ | 21,204 | |||||||||||
Short-term borrowings | 9,914 | — | 9,914 | ||||||||||||||
Long-term debt | 4,710 | 13,951 | 18,661 | ||||||||||||||
Operating lease obligations | 60 | 731 | 791 | ||||||||||||||
Total | $ | 32,670 | $ | 17,900 | $ | 50,570 |
HSBC USA Inc. |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(dollars are in millions) | |||||||||||
Level 3 assets(1)(2) | $ | 729 | $ | 322 | |||||||
Total assets measured at fair value(1)(3) | 64,748 | 68,441 | |||||||||
Level 3 liabilities(1) | 2,429 | 3,365 | |||||||||
Total liabilities measured at fair value(1) | 28,622 | 30,414 | |||||||||
Level 3 assets as a percent of total assets measured at fair value | 1.1 | % | 0.5 | % | |||||||
Level 3 liabilities as a percent of total liabilities measured at fair value | 8.5 | % | 11.1 | % |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Moody's | S&P | Fitch | |||||||||
HSBC USA: | |||||||||||
Short-term borrowings | P-1 | A-2 | F1+ | ||||||||
Long-term/senior debt | A2 | A- | A+ | ||||||||
HSBC Bank USA: | |||||||||||
Short-term borrowings | P-1 | A-1 | F1+ | ||||||||
Long-term/senior debt | Aa3 | A+ | AA- |
HSBC USA Inc. |
HSBC USA Inc. |
December 31, 2023 | Within One Year | After One But Within Five Years | After Five But Within Ten Years | After Ten Years | Total | ||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Commercial loans | $ | 39,681 | $ | 556 | $ | 57 | $ | 2 | $ | 40,296 | |||||||||||||||||||
Residential mortgages and home equity mortgages | 4,043 | 8,224 | 4,454 | 2,009 | 18,730 | ||||||||||||||||||||||||
Credit cards and other consumer loans | 287 | 5 | 2 | 6 | 300 | ||||||||||||||||||||||||
Total loans(1) | 44,011 | 8,785 | 4,513 | 2,017 | 59,326 | ||||||||||||||||||||||||
Securities available-for-sale and securities held-to-maturity | 3,094 | 17,351 | 10,115 | 10,212 | 40,772 | ||||||||||||||||||||||||
Other assets | 66,905 | 1,235 | — | — | 68,140 | ||||||||||||||||||||||||
Total assets | 114,010 | 27,371 | 14,628 | 12,229 | 168,238 | ||||||||||||||||||||||||
Domestic deposits: | |||||||||||||||||||||||||||||
Savings and demand | 59,818 | 26,374 | 8,995 | — | 95,187 | ||||||||||||||||||||||||
Time deposits | 20,503 | 335 | — | — | 20,838 | ||||||||||||||||||||||||
Long-term debt | 9,720 | 5,750 | 1,500 | 1,691 | 18,661 | ||||||||||||||||||||||||
Other liabilities/equity | 25,068 | 6,255 | 2,229 | — | 33,552 | ||||||||||||||||||||||||
Total liabilities and equity | 115,109 | 38,714 | 12,724 | 1,691 | 168,238 | ||||||||||||||||||||||||
Total balance sheet gap | (1,099) | (11,343) | 1,904 | 10,538 | — | ||||||||||||||||||||||||
Effect of derivative contracts | (3,304) | 8,351 | (1,018) | (4,029) | — | ||||||||||||||||||||||||
Total gap position | $ | (4,403) | $ | (2,992) | $ | 886 | $ | 6,509 | $ | — |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Amount | % | Amount | % | ||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||
Estimated increase (decrease) in projected banking book net interest income (reflects projected rate movements on January 1, 2024 and 2023, respectively): | |||||||||||||||||||||||
Resulting from a gradual 100 basis point increase in the yield curve | $ | (17) | (1) | % | $ | 107 | 3 | % | |||||||||||||||
Resulting from a gradual 100 basis point decrease in the yield curve | (33) | (1) | (116) | (4) | |||||||||||||||||||
Other significant scenarios monitored (reflects projected rate movements on January 1, 2024 and 2023, respectively): | |||||||||||||||||||||||
Resulting from an immediate 100 basis point increase in the yield curve | (37) | (1) | 173 | 5 | |||||||||||||||||||
Resulting from an immediate 100 basis point decrease in the yield curve | (16) | (1) | (166) | (5) |
HSBC USA Inc. |
HSBC USA Inc. |
Credit Spread | Interest Rate | Portfolio Diversification(1) | Total(2) | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
At December 31, 2023 | $ | 96 | $ | 99 | $ | (50) | $ | 145 | |||||||||||||||
Full Year 2023 | |||||||||||||||||||||||
Average | 75 | 70 | (47) | 98 | |||||||||||||||||||
Maximum | 109 | 101 | 145 | ||||||||||||||||||||
Minimum | 51 | 50 | 61 | ||||||||||||||||||||
At December 31, 2022 | $ | 51 | $ | 65 | $ | (34) | $ | 82 | |||||||||||||||
Full Year 2022 | |||||||||||||||||||||||
Average | 51 | 63 | (35) | 79 | |||||||||||||||||||
Maximum | 75 | 116 | 127 | ||||||||||||||||||||
Minimum | 36 | 40 | 58 |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Credit Spread | Foreign Exchange and Commodity | Interest Rate | Portfolio Diversification(1) | Total(2) | |||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
At December 31, 2023 | $ | — | $ | 1 | $ | 1 | $ | — | $ | 2 | |||||||||||||||||||
Full Year 2023 | |||||||||||||||||||||||||||||
Average | — | 3 | 5 | (3) | 5 | ||||||||||||||||||||||||
Maximum | 1 | 8 | 9 | 10 | |||||||||||||||||||||||||
Minimum | — | — | 1 | 2 | |||||||||||||||||||||||||
At December 31, 2022 | $ | — | $ | 4 | $ | 6 | $ | (2) | $ | 8 | |||||||||||||||||||
Full Year 2022 | |||||||||||||||||||||||||||||
Average | 1 | 3 | 4 | (3) | 5 | ||||||||||||||||||||||||
Maximum | 7 | 9 | 7 | 9 | |||||||||||||||||||||||||
Minimum | — | 1 | 2 | 2 |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Stressed VaR (1-day equivalent) | $ | 5 | $ | 17 |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Interest | Rate | Average Balance | Interest | Rate | Average Balance | Interest | Rate | |||||||||||||||||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest bearing deposits with banks | $ | 32,152 | $ | 1,117 | 3.47 | % | $ | 41,892 | $ | 515 | 1.23 | % | $ | 50,787 | $ | 68 | .13 | % | |||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements(1) | 8,048 | 570 | 7.08 | 4,967 | 188 | 3.78 | 7,958 | 13 | .16 | ||||||||||||||||||||||||||||||||||||||||||||
Trading securities | 15,533 | 266 | 1.71 | 14,556 | 219 | 1.50 | 18,518 | 225 | 1.22 | ||||||||||||||||||||||||||||||||||||||||||||
Securities | 38,282 | 1,558 | 4.07 | 36,873 | 800 | 2.17 | 42,736 | 641 | 1.50 | ||||||||||||||||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | 41,209 | 2,813 | 6.83 | 43,732 | 1,590 | 3.64 | 40,677 | 1,048 | 2.58 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages | 17,483 | 593 | 3.39 | 16,877 | 497 | 2.94 | 18,582 | 543 | 2.92 | ||||||||||||||||||||||||||||||||||||||||||||
Home equity mortgages | 369 | 26 | 7.05 | 389 | 15 | 3.86 | 658 | 18 | 2.74 | ||||||||||||||||||||||||||||||||||||||||||||
Credit cards | 196 | 18 | 9.18 | 227 | 19 | 8.37 | 803 | 77 | 9.59 | ||||||||||||||||||||||||||||||||||||||||||||
Other consumer | 114 | 8 | 7.02 | 164 | 9 | 5.49 | 277 | 19 | 6.86 | ||||||||||||||||||||||||||||||||||||||||||||
Total consumer | 18,162 | 645 | 3.55 | 17,657 | 540 | 3.06 | 20,320 | 657 | 3.23 | ||||||||||||||||||||||||||||||||||||||||||||
Total loans | 59,371 | 3,458 | 5.82 | 61,389 | 2,130 | 3.47 | 60,997 | 1,705 | 2.80 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 1,922 | 80 | 4.16 | 2,423 | 53 | 2.19 | 2,535 | 23 | .91 | ||||||||||||||||||||||||||||||||||||||||||||
Total interest earning assets | $ | 155,308 | $ | 7,049 | 4.54 | % | $ | 162,100 | $ | 3,905 | 2.41 | % | $ | 183,531 | $ | 2,675 | 1.46 | % | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | (589) | (500) | (699) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and due from banks | 876 | 950 | 1,198 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 10,895 | 11,375 | 12,424 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 166,490 | $ | 173,925 | $ | 196,454 | |||||||||||||||||||||||||||||||||||||||||||||||
Liabilities and Equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings deposits | $ | 48,686 | $ | 1,310 | 2.69 | % | $ | 55,036 | $ | 381 | .69 | % | $ | 65,316 | $ | 104 | .16 | % | |||||||||||||||||||||||||||||||||||
Time deposits | 17,931 | 1,045 | 5.83 | 10,961 | 308 | 2.81 | 12,729 | 93 | .73 | ||||||||||||||||||||||||||||||||||||||||||||
Other interest bearing deposits | 21,830 | 1,092 | 5.00 | 20,671 | 381 | 1.84 | 20,571 | 58 | .28 | ||||||||||||||||||||||||||||||||||||||||||||
Foreign deposits | 5,677 | 203 | 3.58 | 6,163 | 64 | 1.04 | 6,102 | 2 | .03 | ||||||||||||||||||||||||||||||||||||||||||||
Deposits held for sale | — | — | — | 971 | 2 | .21 | 4,606 | 10 | .21 | ||||||||||||||||||||||||||||||||||||||||||||
Total interest bearing deposits | 94,124 | 3,650 | 3.88 | 93,802 | 1,136 | 1.21 | 109,324 | 267 | .24 | ||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities sold under repurchase agreements(1) | 404 | 172 | 42.57 | 1,600 | 76 | 4.75 | 1,739 | 2 | .12 | ||||||||||||||||||||||||||||||||||||||||||||
Commercial paper | 5,423 | 298 | 5.50 | 4,313 | 84 | 1.95 | 3,274 | 13 | .40 | ||||||||||||||||||||||||||||||||||||||||||||
Other short-term borrowings | 1,094 | 44 | 4.02 | 325 | 5 | 1.54 | 264 | 3 | 1.14 | ||||||||||||||||||||||||||||||||||||||||||||
Total short-term borrowings | 6,921 | 514 | 7.43 | 6,238 | 165 | 2.65 | 5,277 | 18 | .34 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 18,867 | 1,133 | 6.01 | 16,270 | 505 | 3.10 | 18,897 | 296 | 1.57 | ||||||||||||||||||||||||||||||||||||||||||||
Total interest bearing debt | 119,912 | 5,297 | 4.42 | 116,310 | 1,806 | 1.55 | 133,498 | 581 | .44 | ||||||||||||||||||||||||||||||||||||||||||||
Tax liabilities and other | 1,230 | 47 | 3.82 | 1,159 | 30 | 2.59 | 885 | 11 | 1.24 | ||||||||||||||||||||||||||||||||||||||||||||
Total interest bearing liabilities | $ | 121,142 | $ | 5,344 | 4.41 | % | $ | 117,469 | $ | 1,836 | 1.56 | % | $ | 134,383 | $ | 592 | .44 | % | |||||||||||||||||||||||||||||||||||
Net interest income/Interest rate spread | $ | 1,705 | .13 | % | $ | 2,069 | .85 | % | $ | 2,083 | 1.02 | % | |||||||||||||||||||||||||||||||||||||||||
Noninterest bearing deposits | 26,900 | 35,128 | 38,147 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | 6,379 | 5,977 | 5,763 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total equity | 12,069 | 15,351 | 18,161 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 166,490 | $ | 173,925 | $ | 196,454 | |||||||||||||||||||||||||||||||||||||||||||||||
Net interest margin on average earning assets | 1.10 | % | 1.28 | % | 1.13 | % | |||||||||||||||||||||||||||||||||||||||||||||||
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Interest income: | |||||||||||||||||
Loans | $ | $ | $ | ||||||||||||||
Securities | |||||||||||||||||
Trading securities | |||||||||||||||||
Short-term investments | |||||||||||||||||
Other | |||||||||||||||||
Total interest income | |||||||||||||||||
Interest expense: | |||||||||||||||||
Deposits | |||||||||||||||||
Short-term borrowings | |||||||||||||||||
Long-term debt | |||||||||||||||||
Other | |||||||||||||||||
Total interest expense | |||||||||||||||||
Net interest income | |||||||||||||||||
Provision for credit losses | ( | ||||||||||||||||
Net interest income after provision for credit losses | |||||||||||||||||
Other revenues: | |||||||||||||||||
Credit card fees, net | |||||||||||||||||
Trust and investment management fees | |||||||||||||||||
Other fees and commissions | |||||||||||||||||
Trading revenue | |||||||||||||||||
Other securities gains (losses), net | ( | ||||||||||||||||
Servicing and other fees from HSBC affiliates | |||||||||||||||||
Gain (loss) on instruments designated at fair value and related derivatives | ( | ( | |||||||||||||||
Gain on sale of branch disposal group, net | |||||||||||||||||
Other income (loss) | ( | ( | ( | ||||||||||||||
Total other revenues | |||||||||||||||||
Operating expenses: | |||||||||||||||||
Salaries and employee benefits | |||||||||||||||||
Support services from HSBC affiliates | |||||||||||||||||
Occupancy expense, net | |||||||||||||||||
Other expenses | |||||||||||||||||
Total operating expenses | |||||||||||||||||
Income before income tax | |||||||||||||||||
Income tax expense | |||||||||||||||||
Net income | $ | $ | $ |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Net income | $ | $ | $ | ||||||||||||||
Net change in unrealized gains (losses), net of tax: | |||||||||||||||||
Investment securities | ( | ( | |||||||||||||||
Fair value option liabilities attributable to our own credit spread | ( | ||||||||||||||||
Derivatives designated as cash flow hedges | ( | ( | |||||||||||||||
Pension and post-retirement benefit plans | |||||||||||||||||
Total other comprehensive income (loss) | ( | ( | |||||||||||||||
Comprehensive income (loss) | $ | $ | ( | $ | ( |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions, except share data) | |||||||||||
Assets(1) | |||||||||||
Cash and due from banks | $ | $ | |||||||||
Interest bearing deposits with banks | |||||||||||
Federal funds sold and securities purchased under agreements to resell | |||||||||||
Trading assets (includes $ | |||||||||||
Securities available-for-sale (includes amortized cost of $ | |||||||||||
Securities held-to-maturity, net of allowance for credit losses of | |||||||||||
Loans (includes $ | |||||||||||
Less – allowance for credit losses | |||||||||||
Loans, net | |||||||||||
Loans held for sale (includes $ | |||||||||||
Properties and equipment, net | |||||||||||
Goodwill | |||||||||||
Other assets, net of allowance for credit losses of | |||||||||||
Total assets | $ | $ | |||||||||
Liabilities(1) | |||||||||||
Debt: | |||||||||||
Domestic deposits: | |||||||||||
Noninterest bearing | $ | $ | |||||||||
Interest bearing (includes $ | |||||||||||
Foreign deposits - interest bearing | |||||||||||
Total deposits | |||||||||||
Short-term borrowings | |||||||||||
Long-term debt (includes $ | |||||||||||
Total debt | |||||||||||
Trading liabilities | |||||||||||
Interest, taxes and other liabilities (includes $ | |||||||||||
Total liabilities | |||||||||||
Equity | |||||||||||
Preferred stock ( | |||||||||||
Common equity: | |||||||||||
Common stock ($ | |||||||||||
Additional paid-in capital | |||||||||||
Retained earnings | |||||||||||
Accumulated other comprehensive loss | ( | ( | |||||||||
Total common equity | |||||||||||
Total equity | |||||||||||
Total liabilities and equity | $ | $ |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Assets | |||||||||||
Loans, net | $ | $ | |||||||||
Other assets | |||||||||||
Total assets | $ | $ | |||||||||
Liabilities | |||||||||||
Interest, taxes and other liabilities | $ | $ | |||||||||
Total liabilities | $ | $ |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions, except share data) | |||||||||||||||||
Preferred stock | |||||||||||||||||
Balance at beginning of period | $ | $ | $ | ||||||||||||||
Preferred stock redemption | ( | ||||||||||||||||
Balance at end of period | |||||||||||||||||
Common stock | |||||||||||||||||
Balance at beginning and end of period | |||||||||||||||||
Additional paid-in capital | |||||||||||||||||
Balance at beginning of period | |||||||||||||||||
Return of capital to parent | ( | ( | |||||||||||||||
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax | |||||||||||||||||
Employee benefit plans | ( | ( | ( | ||||||||||||||
Balance at end of period | |||||||||||||||||
Retained earnings | |||||||||||||||||
Balance at beginning of period | |||||||||||||||||
Net income | |||||||||||||||||
Cash dividends declared on preferred stock | ( | ( | ( | ||||||||||||||
Cash dividends declared on common stock | ( | ||||||||||||||||
Balance at end of period | |||||||||||||||||
Accumulated other comprehensive loss | |||||||||||||||||
Balance at beginning of period | ( | ( | |||||||||||||||
Other comprehensive income (loss), net of tax | ( | ( | |||||||||||||||
Balance at end of period | ( | ( | ( | ||||||||||||||
Total common equity | |||||||||||||||||
Total equity | $ | $ | $ | ||||||||||||||
Shares of preferred stock | |||||||||||||||||
Number of shares at beginning of period | |||||||||||||||||
Number of shares of preferred stock redeemed | ( | ||||||||||||||||
Number of shares at end of period | |||||||||||||||||
Shares of common stock | |||||||||||||||||
Number of shares at beginning and end of period | |||||||||||||||||
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Cash flows from operating activities | |||||||||||||||||
Net income | $ | $ | $ | ||||||||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||
Depreciation and amortization | ( | ||||||||||||||||
Gain on sale of branch disposal group, net | ( | ||||||||||||||||
Provision for credit losses | ( | ||||||||||||||||
Deferred income tax provision | |||||||||||||||||
Net realized losses (gains) on securities available-for-sale | ( | ( | |||||||||||||||
Net change in other assets and liabilities | ( | ||||||||||||||||
Net change in loans held for sale: | |||||||||||||||||
Originations and purchases of loans held for sale | ( | ( | ( | ||||||||||||||
Sales and collections of loans held for sale | |||||||||||||||||
Net change in trading assets and liabilities | |||||||||||||||||
Lower of amortized cost or fair value adjustments on loans held for sale | |||||||||||||||||
Loss (gain) on instruments designated at fair value and related derivatives | ( | ||||||||||||||||
Net cash provided by operating activities | |||||||||||||||||
Cash flows from investing activities | |||||||||||||||||
Net change in federal funds sold and securities purchased under agreements to resell | ( | ||||||||||||||||
Securities available-for-sale: | |||||||||||||||||
Purchases of securities available-for-sale | ( | ( | ( | ||||||||||||||
Proceeds from sales of securities available-for-sale | |||||||||||||||||
Proceeds from paydowns and maturities of securities available-for-sale | |||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||
Purchases of securities held-to-maturity | ( | ( | |||||||||||||||
Proceeds from paydowns and maturities of securities held-to-maturity | |||||||||||||||||
Change in loans: | |||||||||||||||||
Originations, net of collections | ( | ( | ( | ||||||||||||||
Loans sold to third parties | |||||||||||||||||
Net cash used for acquisitions of properties and equipment | ( | ( | ( | ||||||||||||||
Cash received on transfer of certain precious metals trading and financing activities to an affiliate | |||||||||||||||||
Net outflow related to the sale of branch disposal group | ( | ||||||||||||||||
Other, net | ( | ( | |||||||||||||||
Net cash provided by (used in) investing activities | ( | ||||||||||||||||
Cash flows from financing activities | |||||||||||||||||
Net change in deposits | ( | ( | ( | ||||||||||||||
Debt: | |||||||||||||||||
Net change in short-term borrowings | ( | ||||||||||||||||
Issuance of long-term debt | |||||||||||||||||
Repayment of long-term debt | ( | ( | ( | ||||||||||||||
Preferred stock redemption | ( | ||||||||||||||||
Return of capital to parent | ( | ( | |||||||||||||||
Other decreases in capital surplus | ( | ( | ( | ||||||||||||||
Dividends paid | ( | ( | ( | ||||||||||||||
Net cash provided by (used in) financing activities | ( | ( | |||||||||||||||
Net change in cash and due from banks and interest bearing deposits with banks | ( | ||||||||||||||||
Cash and due from banks and interest bearing deposits with banks at beginning of period | |||||||||||||||||
Cash and due from banks and interest bearing deposits with banks at end of period | $ | $ | $ | ||||||||||||||
HSBC USA Inc. |
CONSOLIDATED STATEMENT OF CASH FLOWS (Continued) | |||||||||||||||||
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Supplemental disclosure of cash flow information | |||||||||||||||||
Interest paid during the period | $ | $ | $ | ||||||||||||||
Net income taxes refunded during the period | ( | ( | ( | ||||||||||||||
Supplemental disclosure of non-cash investing activities | |||||||||||||||||
Transfer of loans to (from) held for sale, net | ( | ||||||||||||||||
HSBC USA Inc. |
Note | Page | Note | Page | |||||||||||||||||
1 | 17 | |||||||||||||||||||
2 | 18 | |||||||||||||||||||
3 | 19 | |||||||||||||||||||
4 | 20 | |||||||||||||||||||
5 | 21 | |||||||||||||||||||
6 | 22 | |||||||||||||||||||
7 | 23 | |||||||||||||||||||
8 | 24 | |||||||||||||||||||
9 | 25 | |||||||||||||||||||
10 | 26 | |||||||||||||||||||
11 | 27 | |||||||||||||||||||
12 | 28 | |||||||||||||||||||
13 | 29 | |||||||||||||||||||
14 | 30 | |||||||||||||||||||
15 | 31 | |||||||||||||||||||
16 |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Product | Charge-off Policies and Practices | Nonaccrual Policies and Practices | ||||||||||||
Commercial Loans Real estate, including construction Business and corporate banking Global banking Other commercial | Commercial loan balances are charged off at the time all or a portion of the balance is deemed uncollectible. For loans secured with collateral, loan balances are generally written down to the estimated fair value of the collateral less costs to sell. | Loans are generally categorized as nonaccruing when contractually delinquent for more than | ||||||||||||
Residential Mortgage Loans | Carrying amounts in excess of fair value less costs to sell are generally charged off at the time foreclosure is initiated or when settlement is reached with the borrower, but not to exceed the end of the month in which the account becomes | Loans are generally designated as nonaccruing when contractually delinquent for more than | ||||||||||||
Credit Cards | Loan balances are generally charged off by the end of the month in which the account becomes | Interest generally accrues until charge-off. | ||||||||||||
Other Consumer Loans | Loan balances are generally charged off by the end of the month in which the account becomes | Interest generally accrues until charge-off. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Accounting Standards Update | Summary of Guidance | Financial Statement Impact | ||||||||||||
Troubled Debt Restructurings and Vintage Disclosures Issued March 2022 | •Eliminates the accounting guidance for TDR Loans by creditors, while enhancing disclosure requirements for certain loan payment modifications by creditors made to borrowers experiencing financial difficulty. •Requires new disclosure of current-period gross charge-offs by year of origination for loans. | •The new guidance was applied prospectively for new loan modifications beginning January 1, 2023, while the accounting for our remaining population of TDR Loans did not materially change. •See Note 7, "Loans," for the new disclosures required by this standard. •The adoption of this guidance did not have a material impact on our financial position or results of operations. | ||||||||||||
Accounting Standards Update | Summary of Guidance | Financial Statement Impact | ||||||||||||
Improvements to Reportable Segment Disclosures Issued November 2023 | •Amends and adds certain disclosure requirements for reportable segments. •In particular, requires disclosure of a) significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included within the reported measure of segment profit or loss; b) the title and position of the CODM; and c) an explanation of how the CODM uses the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources. | •Effective for annual periods beginning January 1, 2024, and interim periods beginning January 1, 2025, with early adoption permitted. •The new guidance is required to be applied retrospectively. •While the adoption of this guidance will result in changes to existing disclosures, it will not have any impact on our financial position or results of operations. | ||||||||||||
Improvements to Income Tax Disclosures Issued December 2023 | •Eliminates, amends and adds certain disclosure requirements for income taxes. •In particular, requires the disaggregation of certain existing disclosures, including a) the effective tax rate reconciliation to be broken out into specific categories; b) income taxes paid and income tax expense to be broken out between federal, state and foreign; and c) income before income tax to be broken out between domestic and foreign. | •Effective for annual periods beginning January 1, 2025, with early adoption permitted. •The new guidance should be applied prospectively, with a retrospective option. •While the adoption of this guidance will result in changes to existing disclosures, it will not have any impact on our financial position or results of operations. |
HSBC USA Inc. |
Severance and Other Employee Costs(1) | Lease Termination and Associated Costs(2) | Other(3) | Total | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Year Ended December 31, 2022 | |||||||||||||||||||||||
Restructuring liability at beginning of period | $ | $ | $ | $ | |||||||||||||||||||
Restructuring costs accrued during the period | |||||||||||||||||||||||
Restructuring costs paid during the period | ( | ( | ( | ( | |||||||||||||||||||
Restructuring liability at end of period(4) | $ | $ | $ | $ | |||||||||||||||||||
Year Ended December 31, 2021 | |||||||||||||||||||||||
Restructuring liability at beginning of period | $ | $ | $ | $ | |||||||||||||||||||
Restructuring costs accrued during the period | |||||||||||||||||||||||
Restructuring costs paid during the period | ( | ( | ( | ( | |||||||||||||||||||
Restructuring liability at end of period | $ | $ | $ | $ |
HSBC USA Inc. |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Trading assets: | |||||||||||
U.S. Treasury | $ | $ | |||||||||
U.S. Government agency issued or guaranteed | |||||||||||
U.S. Government sponsored enterprises | |||||||||||
Foreign bonds | |||||||||||
Equity securities | |||||||||||
Precious metals(1) | |||||||||||
Derivatives, net | |||||||||||
Total trading assets | $ | $ | |||||||||
Trading liabilities: | |||||||||||
Securities sold, not yet purchased | $ | $ | |||||||||
Payables for precious metals | |||||||||||
Derivatives, net | |||||||||||
Total trading liabilities | $ | $ |
HSBC USA Inc. |
December 31, 2023 | Amortized Cost | Allowance for Credit Losses | Unrealized Gains | Unrealized Losses | Fair Value | ||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
U.S. Government sponsored enterprises: | |||||||||||||||||||||||||||||
Mortgage-backed securities | ( | ||||||||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
Direct agency obligations | ( | ||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed: | |||||||||||||||||||||||||||||
Mortgage-backed securities | ( | ||||||||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
Direct agency obligations | ( | ||||||||||||||||||||||||||||
Asset-backed securities collateralized by: | |||||||||||||||||||||||||||||
Home equity | ( | ||||||||||||||||||||||||||||
Other | ( | ||||||||||||||||||||||||||||
Foreign debt securities(1) | ( | ||||||||||||||||||||||||||||
Total available-for-sale securities | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
U.S. Government sponsored enterprises: | |||||||||||||||||||||||||||||
Mortgage-backed securities | ( | ||||||||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed: | |||||||||||||||||||||||||||||
Mortgage-backed securities | ( | ||||||||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
Obligations of U.S. states and political subdivisions | |||||||||||||||||||||||||||||
Asset-backed securities collateralized by residential mortgages | |||||||||||||||||||||||||||||
Total held-to-maturity securities | $ | $ | $ | $ | ( | $ |
HSBC USA Inc. |
December 31, 2022 | Amortized Cost | Allowance for Credit Losses | Unrealized Gains | Unrealized Losses | Fair Value | ||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
U.S. Government sponsored enterprises: | |||||||||||||||||||||||||||||
Mortgage-backed securities | ( | ||||||||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
Direct agency obligations | ( | ||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed: | |||||||||||||||||||||||||||||
Mortgage-backed securities | ( | ||||||||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
Direct agency obligations | ( | ||||||||||||||||||||||||||||
Asset-backed securities collateralized by: | |||||||||||||||||||||||||||||
Home equity | ( | ||||||||||||||||||||||||||||
Other | ( | ||||||||||||||||||||||||||||
Foreign debt securities(1) | ( | ||||||||||||||||||||||||||||
Total available-for-sale securities | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
U.S. Government sponsored enterprises: | |||||||||||||||||||||||||||||
Mortgage-backed securities | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed: | |||||||||||||||||||||||||||||
Mortgage-backed securities | ( | ||||||||||||||||||||||||||||
Collateralized mortgage obligations | ( | ||||||||||||||||||||||||||||
Obligations of U.S. states and political subdivisions | |||||||||||||||||||||||||||||
Asset-backed securities collateralized by residential mortgages | |||||||||||||||||||||||||||||
Total held-to-maturity securities | $ | $ | $ | $ | ( | $ |
HSBC USA Inc. |
One Year or Less | Greater Than One Year | ||||||||||||||||||||||||||||||||||
Number of Securities | Gross Unrealized Losses | Aggregate Fair Value of Investment | Number of Securities | Gross Unrealized Losses | Aggregate Fair Value of Investment | ||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||
At December 31, 2023 | |||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | ( | $ | $ | ( | $ | |||||||||||||||||||||||||||||
U.S. Government sponsored enterprises | ( | ||||||||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed | ( | ||||||||||||||||||||||||||||||||||
Asset-backed securities | ( | ||||||||||||||||||||||||||||||||||
Foreign debt securities | ( | ( | |||||||||||||||||||||||||||||||||
Securities available-for-sale | $ | ( | $ | $ | ( | $ | |||||||||||||||||||||||||||||
At December 31, 2022 | |||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | ( | $ | $ | ( | $ | |||||||||||||||||||||||||||||
U.S. Government sponsored enterprises | ( | ( | |||||||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed | ( | ( | |||||||||||||||||||||||||||||||||
Asset-backed securities | ( | ( | |||||||||||||||||||||||||||||||||
Foreign debt securities | ( | ( | |||||||||||||||||||||||||||||||||
Securities available-for-sale | $ | ( | $ | $ | ( | $ |
HSBC USA Inc. |
2023 | 2022 | 2021 | |||||||||||||||
(in millions) | |||||||||||||||||
Gross realized gains | $ | $ | $ | ||||||||||||||
Gross realized losses | ( | ( | ( | ||||||||||||||
Net realized gains (losses) | $ | ( | $ | $ | |||||||||||||
Within One Year | After One But Within Five Years | After Five But Within Ten Years | After Ten Years | ||||||||||||||||||||||||||||||||||||||||||||
Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | ||||||||||||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | % | $ | % | $ | % | $ | % | |||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored enterprises | |||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed | |||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities | |||||||||||||||||||||||||||||||||||||||||||||||
Foreign debt securities | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total amortized cost | $ | % | $ | % | $ | % | $ | % | |||||||||||||||||||||||||||||||||||||||
Total fair value | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||||||
Held-to-maturity: | |||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | % | $ | % | $ | % | $ | % | |||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored enterprises | |||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed | |||||||||||||||||||||||||||||||||||||||||||||||
Obligations of U.S. states and political subdivisions | |||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities | |||||||||||||||||||||||||||||||||||||||||||||||
Total amortized cost | $ | % | $ | % | $ | % | $ | % | |||||||||||||||||||||||||||||||||||||||
Total fair value | $ | $ | $ | $ |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Equity securities carried at fair value | $ | $ | |||||||||
Equity securities without readily determinable fair values |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Commercial loans: | |||||||||||
Real estate, including construction | $ | $ | |||||||||
Business and corporate banking | |||||||||||
Global banking(1) | |||||||||||
Other commercial: | |||||||||||
Affiliates(2) | |||||||||||
Other | |||||||||||
Total other commercial | |||||||||||
Total commercial | |||||||||||
Consumer loans: | |||||||||||
Residential mortgages | |||||||||||
Home equity mortgages | |||||||||||
Credit cards | |||||||||||
Other consumer(3) | |||||||||||
Total consumer | |||||||||||
Total loans | $ | $ |
HSBC USA Inc. |
Past Due | Total Past Due 30 Days or More | ||||||||||||||||||||||||||||
30 - 89 Days | 90+ Days | Current(1) | Total Loans | ||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
At December 31, 2023 | |||||||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||||||
Real estate, including construction | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Business and corporate banking | |||||||||||||||||||||||||||||
Global banking | |||||||||||||||||||||||||||||
Other commercial | |||||||||||||||||||||||||||||
Total commercial | |||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Residential mortgages | |||||||||||||||||||||||||||||
Home equity mortgages | |||||||||||||||||||||||||||||
Credit cards | |||||||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||||||
Total consumer | |||||||||||||||||||||||||||||
Total loans | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
At December 31, 2022 | |||||||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||||||
Real estate, including construction | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Business and corporate banking | |||||||||||||||||||||||||||||
Global banking | |||||||||||||||||||||||||||||
Other commercial | |||||||||||||||||||||||||||||
Total commercial | |||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Residential mortgages | |||||||||||||||||||||||||||||
Home equity mortgages | |||||||||||||||||||||||||||||
Credit cards | |||||||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||||||
Total consumer | |||||||||||||||||||||||||||||
Total loans | $ | $ | $ | $ | $ |
HSBC USA Inc. |
2024 | 2025 - 2028 | 2029 - 2038 | Thereafter | Total | |||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||||||
Real estate, including construction | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Business and corporate banking | |||||||||||||||||||||||||||||
Global banking | |||||||||||||||||||||||||||||
Other commercial | |||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Residential mortgages | |||||||||||||||||||||||||||||
Home equity mortgages(1) | |||||||||||||||||||||||||||||
Credit cards(2) | |||||||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ |
December 31, 2023 | Receivables at Predetermined Interest Rates | Receivables at Floating or Adjustable Rates | Total Loans Due After One Year | ||||||||||||||
(in millions) | |||||||||||||||||
Commercial loans: | |||||||||||||||||
Real estate, including construction | $ | $ | $ | ||||||||||||||
Business and corporate banking | |||||||||||||||||
Global banking | |||||||||||||||||
Other commercial | |||||||||||||||||
Consumer loans: | |||||||||||||||||
Residential mortgages | |||||||||||||||||
Home equity mortgages | |||||||||||||||||
Credit cards | |||||||||||||||||
Other consumer | |||||||||||||||||
Total | $ | $ | $ |
HSBC USA Inc. |
Nonaccrual Loans | Accruing Loans Contractually Past Due 90 Days or More | Nonaccrual Loans With No Allowance For Credit Losses | |||||||||||||||
(in millions) | |||||||||||||||||
At December 31, 2023 | |||||||||||||||||
Commercial loans: | |||||||||||||||||
Real estate, including construction | $ | $ | $ | ||||||||||||||
Business and corporate banking | |||||||||||||||||
Global banking | |||||||||||||||||
Other commercial | |||||||||||||||||
Total commercial | |||||||||||||||||
Consumer loans: | |||||||||||||||||
Residential mortgages(1)(2)(3) | |||||||||||||||||
Home equity mortgages(1)(2) | |||||||||||||||||
Credit cards | |||||||||||||||||
Other consumer | |||||||||||||||||
Total consumer | |||||||||||||||||
Total nonperforming loans | $ | $ | $ | ||||||||||||||
At December 31, 2022 | |||||||||||||||||
Commercial loans: | |||||||||||||||||
Real estate, including construction | $ | $ | $ | ||||||||||||||
Business and corporate banking | |||||||||||||||||
Global banking | |||||||||||||||||
Total commercial | |||||||||||||||||
Consumer loans: | |||||||||||||||||
Residential mortgages(1)(2)(3) | |||||||||||||||||
Home equity mortgages(1)(2) | |||||||||||||||||
Credit cards | |||||||||||||||||
Other consumer | |||||||||||||||||
Total consumer | |||||||||||||||||
Total nonperforming loans | $ | $ | $ |
HSBC USA Inc. |
Interest Rate Reduction | Principal Forgiveness | Term Extension / Significant Payment Deferral | Combination(1) | Total | % of Total Loans | ||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||
Year Ended December 31, 2023 | |||||||||||||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||||||||||||
Real estate, including construction | $ | $ | $ | $ | $ | % | |||||||||||||||||||||||||||||
Business and corporate banking(2) | |||||||||||||||||||||||||||||||||||
Global banking | |||||||||||||||||||||||||||||||||||
Total commercial | |||||||||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||||||||
Residential mortgages(3) | |||||||||||||||||||||||||||||||||||
Total consumer | |||||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||
HSBC USA Inc. |
Weighted-Average Interest Rate Reduction | Principal Forgiven (in millions) | Weighted-Average Term Extension / Payment Deferral (in years) | |||||||||||||||
Year Ended December 31, 2023 | |||||||||||||||||
Commercial loans: | |||||||||||||||||
Real estate, including construction | % | $ | |||||||||||||||
Business and corporate banking | |||||||||||||||||
Global banking | |||||||||||||||||
Consumer loans: | |||||||||||||||||
Residential mortgages | |||||||||||||||||
Interest Rate Reduction | Principal Forgiveness | Term Extension / Significant Payment Deferral | Combination(1) | Total | |||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Year Ended December 31, 2023 | |||||||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||||||
Real estate, including construction | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
HSBC USA Inc. |
Past Due | |||||||||||||||||||||||
30 - 89 Days | 90+ Days | Current(1) | Total | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
At December 31, 2023 | |||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||
Real estate, including construction | $ | $ | $ | $ | |||||||||||||||||||
Business and corporate banking(2) | |||||||||||||||||||||||
Global banking | |||||||||||||||||||||||
Total commercial | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||
Residential mortgages | |||||||||||||||||||||||
Total consumer | |||||||||||||||||||||||
Total loans | $ | $ | $ | $ | |||||||||||||||||||
December 31, 2022 | |||||
(in millions) | |||||
Commercial loans: | |||||
Business and corporate banking | $ | ||||
Global banking | |||||
Total commercial(1) | |||||
Consumer loans: | |||||
Residential mortgages(2) | |||||
Home equity mortgages(2) | |||||
Credit cards | |||||
Total consumer | |||||
Total TDR Loans(3) | $ | ||||
HSBC USA Inc. |
Year Ended December 31, | 2022 | 2021 | |||||||||
(in millions) | |||||||||||
Commercial loans: | |||||||||||
Business and corporate banking | $ | $ | |||||||||
Global banking | |||||||||||
Total commercial | |||||||||||
Consumer loans: | |||||||||||
Residential mortgages | |||||||||||
Home equity mortgages | |||||||||||
Credit cards | |||||||||||
Total consumer | |||||||||||
Total | $ | $ |
Year Ended December 31, | 2022 | 2021 | |||||||||
(in millions) | |||||||||||
Consumer loans: | |||||||||||
Residential mortgages | $ | $ | |||||||||
Total consumer | $ | $ | |||||||||
HSBC USA Inc. |
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total at Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate, including construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total business and corporate banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total global banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ |
HSBC USA Inc. |
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total at Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate, including construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total business and corporate banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total global banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ |
HSBC USA Inc. |
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total at Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate, including construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total business and corporate banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total global banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ |
HSBC USA Inc. |
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total at Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate, including construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total business and corporate banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total global banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ |
HSBC USA Inc. |
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total at Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate, including construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total business and corporate banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total global banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ |
HSBC USA Inc. |
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total at Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total real estate, including construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total business and corporate banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total global banking | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment grade | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Non-investment grade | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ |
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Total commercial | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
HSBC USA Inc. |
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Total at Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages(1)(2) | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Home equity mortgages(1)(2) | |||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | |||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer | $ | $ | $ | $ | $ | $ | $ | $ |
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Total at Dec. 31, 2022 | ||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages(1)(2) | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Home equity mortgages(1)(2) | |||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | |||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer | $ | $ | $ | $ | $ | $ | $ | $ |
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Total at Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||
Total residential mortgages | |||||||||||||||||||||||||||||||||||||||||||||||
Home equity mortgages: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||
Total home equity mortgages | |||||||||||||||||||||||||||||||||||||||||||||||
Credit cards: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||
Total credit cards | |||||||||||||||||||||||||||||||||||||||||||||||
Other consumer: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||
Total other consumer | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Total consumer: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer | $ | $ | $ | $ | $ | $ | $ | $ |
HSBC USA Inc. |
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Total at Dec. 31, 2022 | ||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||
Total residential mortgages | |||||||||||||||||||||||||||||||||||||||||||||||
Home equity mortgages: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||
Total home equity mortgages | |||||||||||||||||||||||||||||||||||||||||||||||
Credit cards: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||
Total credit cards | |||||||||||||||||||||||||||||||||||||||||||||||
Other consumer: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | |||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||
Total other consumer | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Total consumer: | |||||||||||||||||||||||||||||||||||||||||||||||
Performing loans | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | |||||||||||||||||||||||||||||||||||||||||||||||
Accruing loans contractually past due 90 days or more | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer | $ | $ | $ | $ | $ | $ | $ | $ |
2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Total | ||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Home equity mortgages | |||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | |||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
HSBC USA Inc. |
For the Quarter Ended | |||||||||||
June 30, 2024 | December 31, 2024 | ||||||||||
Unemployment rate (quarterly average): | |||||||||||
Forecast at December 31, 2023 | % | % | |||||||||
Forecast at December 31, 2022 | |||||||||||
GDP growth rate (year-over-year): | |||||||||||
Forecast at December 31, 2023 | |||||||||||
Forecast at December 31, 2022 |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Allowance for credit losses: | |||||||||||
Loans | $ | $ | |||||||||
Securities held-to-maturity(1) | |||||||||||
Other financial assets measured at amortized cost(2) | |||||||||||
Securities available-for-sale(1) | |||||||||||
Total allowance for credit losses | $ | $ | |||||||||
Liability for off-balance sheet credit exposures | $ | $ |
Commercial Loans | Consumer Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Real Estate, including Construction | Business and Corporate Banking | Global Banking | Other Comm'l | Residential Mortgages | Home Equity Mortgages | Credit Cards | Other Consumer | Total Loans | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses – beginning of period | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses – end of period | $ | $ | $ | $ | $ | ( | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses – beginning of period | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
Recoveries | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses – end of period | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
HSBC USA Inc. |
Commercial Loans | Consumer Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Real Estate, including Construction | Business and Corporate Banking | Global Banking | Other Comm'l | Residential Mortgages | Home Equity Mortgages | Credit Cards | Other Consumer | Total Loans | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses – beginning of period | $ | $ | $ | $ | $ | ( | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income(1) | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
Charge-offs(1) | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | ( | ( | ( | ( | ( | $ | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses – end of period | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Balance at beginning of period | $ | $ | $ | ||||||||||||||
Provision charged (credited) to income | ( | ( | |||||||||||||||
Balance at end of period | $ | $ | $ |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Accrued interest receivables: | |||||||||||
Loans | $ | $ | |||||||||
Securities held-to-maturity | |||||||||||
Other financial assets measured at amortized cost | |||||||||||
Securities available-for-sale | |||||||||||
Total accrued interest receivables | |||||||||||
Allowance for credit losses | |||||||||||
Accrued interest receivables, net | $ | $ |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Commercial loans: | |||||||||||
Global banking | $ | $ | |||||||||
Total commercial | |||||||||||
Consumer loans: | |||||||||||
Residential mortgages | |||||||||||
Total consumer | |||||||||||
Total loans held for sale | $ | $ |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Land | $ | $ | |||||||||
Buildings and improvements | |||||||||||
Furniture and equipment | |||||||||||
Total | |||||||||||
Accumulated depreciation and amortization | ( | ( | |||||||||
Properties and equipment, net | $ | $ |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Operating lease cost | $ | $ | $ | ||||||||||||||
Variable lease cost | |||||||||||||||||
Sublease income(1) | ( | ( | ( | ||||||||||||||
Total operating lease costs, net | $ | $ | $ | ||||||||||||||
Supplemental disclosure of cash flow information: | |||||||||||||||||
Cash paid for amounts included in the measurement of operating lease liabilities | $ | $ | $ | ||||||||||||||
ROU assets recognized for new operating lease liabilities |
At December 31, | 2023 | 2022 | |||||||||
(dollars are in millions) | |||||||||||
$ | $ | ||||||||||
Weighted-average remaining lease term | |||||||||||
Weighted-average discount rate | % | % | |||||||||
Year Ending December 31, | |||||
(in millions) | |||||
2024 | $ | ||||
2025 | |||||
2026 | |||||
2027 | |||||
2028 | |||||
Thereafter | |||||
Total future operating lease payments | |||||
Less - imputed interest | ( | ||||
Total operating lease liabilities | $ |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Domestic deposits | $ | $ | |||||||||
Foreign deposits | |||||||||||
Total | $ | $ |
Domestic Deposits | Foreign Deposits | Total | |||||||||||||||
(in millions) | |||||||||||||||||
2024 | $ | $ | $ | ||||||||||||||
2025 | |||||||||||||||||
2026 | |||||||||||||||||
2027 | |||||||||||||||||
2028 | |||||||||||||||||
Thereafter | |||||||||||||||||
$ | $ | $ |
December 31, | |||||||||||||||||||||||
2023 | Rate | 2022 | Rate | ||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||
Federal funds purchased (day to day) | $ | % | $ | % | |||||||||||||||||||
Securities sold under repurchase agreements | * | ||||||||||||||||||||||
Commercial paper | |||||||||||||||||||||||
Other | |||||||||||||||||||||||
Total short-term borrowings | $ | $ |
HSBC USA Inc. |
At December 31, | ||||||||||||||||||||
Maturity Date Range | Interest Rate Range | Interest Rate Weighted Average | 2023 | 2022 | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Issued or acquired by HSBC USA: | ||||||||||||||||||||
Senior debt: | ||||||||||||||||||||
Fixed-rate notes | 2024 - 2030 | $ | $ | |||||||||||||||||
Structured notes | 2024 - 2045 | |||||||||||||||||||
Total senior debt | ||||||||||||||||||||
Subordinated fixed-rate notes | 2097 | |||||||||||||||||||
Mark-to-market adjustment on fair value option debt | ( | |||||||||||||||||||
Total issued or acquired by HSBC USA | ||||||||||||||||||||
Issued by HSBC Bank USA and its subsidiaries: | ||||||||||||||||||||
Senior debt: | ||||||||||||||||||||
Floating-rate notes | 2024 - 2040 | |||||||||||||||||||
Structured notes | 2024 - 2028 | |||||||||||||||||||
FHLB advances - floating-rate | 2036 | |||||||||||||||||||
Total senior debt | ||||||||||||||||||||
Subordinated fixed-rate notes | 2034 - 2039 | |||||||||||||||||||
Mark-to-market adjustment on fair value option debt | ( | |||||||||||||||||||
Total issued by HSBC Bank USA and its subsidiaries | ||||||||||||||||||||
Total long-term debt | $ | $ |
(in millions) | |||||
2024 | $ | ||||
2025 | |||||
2026 | |||||
2027 | |||||
2028 | |||||
Thereafter | |||||
Total | $ |
HSBC USA Inc. |
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Derivatives accounted for as fair value hedges(1) | |||||||||||||||||||||||
Interest rate contracts - bilateral OTC(2) | $ | $ | $ | $ | |||||||||||||||||||
Derivatives accounted for as cash flow hedges(1) | |||||||||||||||||||||||
Foreign exchange contracts - bilateral OTC(2) | |||||||||||||||||||||||
Interest rate contracts - bilateral OTC(2) | |||||||||||||||||||||||
Total derivatives accounted for as hedges | |||||||||||||||||||||||
Trading derivatives not accounted for as hedges(3) | |||||||||||||||||||||||
Exchange-traded(2) | |||||||||||||||||||||||
OTC-cleared(2) | |||||||||||||||||||||||
Bilateral OTC(2) | |||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Foreign exchange contracts - bilateral OTC(2) | |||||||||||||||||||||||
Exchange-traded(2) | |||||||||||||||||||||||
Bilateral OTC(2) | |||||||||||||||||||||||
Equity contracts | |||||||||||||||||||||||
Exchange-traded(2) | |||||||||||||||||||||||
Bilateral OTC(2) | |||||||||||||||||||||||
Precious metals contracts | |||||||||||||||||||||||
OTC-cleared(2) | |||||||||||||||||||||||
Bilateral OTC(2) | |||||||||||||||||||||||
Credit contracts | |||||||||||||||||||||||
Other non-qualifying derivatives not accounted for as hedges(1) | |||||||||||||||||||||||
Interest rate contracts - bilateral OTC(2) | |||||||||||||||||||||||
Equity contracts - bilateral OTC(2) | |||||||||||||||||||||||
OTC-cleared(2) | |||||||||||||||||||||||
Bilateral OTC(2) | |||||||||||||||||||||||
Credit contracts | |||||||||||||||||||||||
Other contracts - bilateral OTC(2)(4) | |||||||||||||||||||||||
Total derivatives | |||||||||||||||||||||||
Less: Gross amounts of receivable / payable subject to enforceable master netting agreements(5)(7) | |||||||||||||||||||||||
Less: Gross amounts of cash collateral received / posted subject to enforceable master netting agreements(6)(7) | |||||||||||||||||||||||
Net amounts of derivative assets / liabilities presented in the balance sheet | |||||||||||||||||||||||
Less: Gross amounts of financial instrument collateral received / posted subject to enforceable master netting agreements but not offset in the consolidated balance sheet | |||||||||||||||||||||||
Net amounts of derivative assets / liabilities | $ | $ | $ | $ |
HSBC USA Inc. |
Carrying Amount of Hedged Items(1) | Cumulative Amount of Fair Value Hedging Adjustments Increasing (Decreasing) the Carrying Amount of Hedged Items | ||||||||||||||||||||||
Active | Discontinued | Total | |||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
At December 31, 2023 | |||||||||||||||||||||||
$ | $ | ( | $ | ( | $ | ( | |||||||||||||||||
( | ( | ||||||||||||||||||||||
( | ( | ||||||||||||||||||||||
At December 31, 2022 | |||||||||||||||||||||||
( | ( | ||||||||||||||||||||||
( | ( | ||||||||||||||||||||||
( | ( |
HSBC USA Inc. |
Location of Gain (Loss) Recognized in Income | Gain (Loss) on Derivatives | Gain (Loss) on Hedged Items | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Year Ended December 31, 2023 | ||||||||||||||||||||
Interest rate contracts / Securities AFS | Net interest income | $ | $ | |||||||||||||||||
Interest rate contracts / Deposits | Net interest income | ( | ( | |||||||||||||||||
Interest rate contracts / Long-term debt | Net interest income | ( | ( | |||||||||||||||||
Total | $ | $ | ( | |||||||||||||||||
Year Ended December 31, 2022 | ||||||||||||||||||||
Interest rate contracts / Securities AFS | Net interest income | $ | $ | ( | ||||||||||||||||
Interest rate contracts / Deposits | Net interest income | ( | ||||||||||||||||||
Interest rate contracts / Long-term debt | Net interest income | ( | ||||||||||||||||||
Total | $ | $ | ( | |||||||||||||||||
Year Ended December 31, 2021 | ||||||||||||||||||||
Interest rate contracts / Securities AFS | Net interest income | $ | $ | ( | ||||||||||||||||
Interest rate contracts / Deposits | Net interest income | ( | ( | |||||||||||||||||
Interest rate contracts / Long-term debt | Net interest income | ( | ( | |||||||||||||||||
Total | $ | $ | ( |
Gain (Loss) Recognized in AOCI on Derivatives | Location of Gain (Loss) Reclassified from AOCI into Income | Gain (Loss) Reclassified From AOCI into Income | |||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | 2023 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | $ | $ | $ | ( | Net interest income | $ | $ | $ | |||||||||||||||||||||||||||||||||
Interest rate contracts | ( | ( | Net interest income | ( | ( | ||||||||||||||||||||||||||||||||||||
Total | $ | $ | ( | $ | ( | $ | ( | $ | ( | $ |
HSBC USA Inc. |
Location of Gain (Loss) Recognized in Income on Derivatives | Gain (Loss) Recognized in Income on Derivatives | |||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2023 | 2022 | 2021 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Interest rate contracts | Trading revenue | $ | ( | $ | $ | ( | ||||||||||||||
Foreign exchange contracts | Trading revenue | |||||||||||||||||||
Equity contracts | Trading revenue | ( | ( | |||||||||||||||||
Precious metals contracts | Trading revenue | |||||||||||||||||||
Credit contracts | Trading revenue | |||||||||||||||||||
Total | $ | ( | $ | $ | ( |
HSBC USA Inc. |
Location of Gain (Loss) Recognized in Income on Derivatives | Gain (Loss) Recognized in Income on Derivatives | |||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2023 | 2022 | 2021 | ||||||||||||||||||
(in millions) | ||||||||||||||||||||
Interest rate contracts | Gain (loss) on instruments designated at fair value and related derivatives | $ | ( | $ | ( | $ | ( | |||||||||||||
Interest rate contracts | Other income (loss) | ( | ||||||||||||||||||
Foreign exchange contracts | Gain (loss) on instruments designated at fair value and related derivatives | |||||||||||||||||||
Equity contracts | Gain (loss) on instruments designated at fair value and related derivatives | ( | ||||||||||||||||||
Credit contracts | Other income (loss) | ( | ( | ( | ||||||||||||||||
Other contracts(1) | Other income (loss) | ( | ( | ( | ||||||||||||||||
Total | $ | $ | ( | $ |
One-notch downgrade | Two-notch downgrade | ||||||||||
(in millions) | |||||||||||
Amount of additional collateral to be posted upon downgrade | $ | $ | |||||||||
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Interest rate: | |||||||||||
Futures and forwards | $ | $ | |||||||||
Swaps | |||||||||||
Options written | |||||||||||
Options purchased | |||||||||||
Total interest rate | |||||||||||
Foreign exchange: | |||||||||||
Swaps, futures and forwards | |||||||||||
Options written | |||||||||||
Options purchased | |||||||||||
Spot | |||||||||||
Total foreign exchange | |||||||||||
Commodities, equities and precious metals: | |||||||||||
Swaps, futures and forwards | |||||||||||
Options written | |||||||||||
Options purchased | |||||||||||
Total commodities, equities and precious metals | |||||||||||
Credit derivatives | |||||||||||
Other contracts(1) | |||||||||||
Total | $ | $ |
HSBC USA Inc. |
Fair Value | Unpaid Principal Balance | Fair Value Over (Under) Unpaid Principal Balance | |||||||||||||||
(in millions) | |||||||||||||||||
At December 31, 2023 | |||||||||||||||||
Student loans held for investment | $ | $ | $ | ( | |||||||||||||
Commercial loans held for sale | ( | ||||||||||||||||
Client share repurchase asset | |||||||||||||||||
Fixed rate long-term debt | |||||||||||||||||
Hybrid instruments: | |||||||||||||||||
Structured deposits | |||||||||||||||||
Structured notes | |||||||||||||||||
Client share repurchase liability | |||||||||||||||||
At December 31, 2022 | |||||||||||||||||
Student loans held for investment | $ | $ | $ | ( | |||||||||||||
Commercial loans held for sale | ( | ||||||||||||||||
Client share repurchase asset | |||||||||||||||||
Fixed rate long-term debt | ( | ||||||||||||||||
Hybrid instruments: | |||||||||||||||||
Structured deposits | |||||||||||||||||
Structured notes | ( | ||||||||||||||||
Client share repurchase liability |
HSBC USA Inc. |
Loans and Loans Held for Sale | Long-Term Debt | Hybrid Instruments | Total | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Year Ended December 31, 2023 | |||||||||||||||||||||||
Interest rate and other components(1) | $ | $ | $ | ( | $ | ( | |||||||||||||||||
Credit risk component(2) | |||||||||||||||||||||||
Total mark-to-market on financial instruments designated at fair value | ( | ( | |||||||||||||||||||||
Mark-to-market on related derivatives | ( | ||||||||||||||||||||||
Net realized gain (loss) on related long-term debt derivatives | ( | ( | |||||||||||||||||||||
Gain (loss) on instruments designated at fair value and related derivatives | $ | $ | ( | $ | ( | $ | ( | ||||||||||||||||
Year Ended December 31, 2022 | |||||||||||||||||||||||
Interest rate and other components(1) | $ | $ | $ | $ | |||||||||||||||||||
Credit risk component(2)(3) | ( | ( | |||||||||||||||||||||
Total mark-to-market on financial instruments designated at fair value | ( | ||||||||||||||||||||||
Mark-to-market on related derivatives | ( | ( | ( | ||||||||||||||||||||
Net realized gain on related long-term debt derivatives | |||||||||||||||||||||||
Gain (loss) on instruments designated at fair value and related derivatives | $ | ( | $ | $ | $ | ( | |||||||||||||||||
Year Ended December 31, 2021 | |||||||||||||||||||||||
Interest rate and other components(1) | $ | $ | $ | ( | $ | ( | |||||||||||||||||
Credit risk component(2) | |||||||||||||||||||||||
Total mark-to-market on financial instruments designated at fair value | ( | ( | |||||||||||||||||||||
Mark-to-market on related derivatives | ( | ||||||||||||||||||||||
Net realized gain on related long-term debt derivatives | |||||||||||||||||||||||
Gain (loss) on instruments designated at fair value and related derivatives | $ | $ | $ | $ |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Provision for income taxes | $ | $ | $ | ||||||||||||||
Income tax expense (benefit) included in common equity related to: | |||||||||||||||||
Unrealized gains (losses) on investment securities | ( | ( | |||||||||||||||
Unrealized gains (losses) on fair value option liabilities attributable to our own credit spread | ( | ||||||||||||||||
Unrealized gains (losses) on derivatives designated as cash flow hedges | ( | ( | |||||||||||||||
Employer accounting for post-retirement plans | |||||||||||||||||
Total income taxes | $ | $ | ( | $ | ( |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Current: | |||||||||||||||||
Federal | $ | $ | ( | $ | ( | ||||||||||||
State and local | ( | ||||||||||||||||
Foreign | ( | ||||||||||||||||
Total current | ( | ( | |||||||||||||||
Deferred | |||||||||||||||||
Provision for income taxes | $ | $ | $ |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||
Tax expense at the U.S. Federal statutory income tax rate | $ | % | $ | % | $ | % | |||||||||||||||||||||||||||||
Increase (decrease) in rate resulting from: | |||||||||||||||||||||||||||||||||||
State and local taxes, net of Federal benefit | |||||||||||||||||||||||||||||||||||
Adjustment of State tax rate used to value deferred taxes | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||
Non-deductible FDIC assessment fees | |||||||||||||||||||||||||||||||||||
Other non-deductible / non-taxable items | ( | ( | |||||||||||||||||||||||||||||||||
Items affecting prior periods(1) | ( | ( | |||||||||||||||||||||||||||||||||
Low income housing and other tax credit investments | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||
Other | ( | ( | |||||||||||||||||||||||||||||||||
Provision for income taxes | $ | % | $ | % | $ | % |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Deferred tax assets: | |||||||||||
Allowance for credit losses | $ | $ | |||||||||
Unrealized losses on cash flow hedges | |||||||||||
Accrued expenses | |||||||||||
Interests in real estate mortgage investment conduits(1) | |||||||||||
Unrealized losses on investment securities | |||||||||||
Capitalized costs(2) | |||||||||||
Lease liabilities | |||||||||||
Other | |||||||||||
Total deferred tax assets | |||||||||||
Deferred tax liabilities: | |||||||||||
Lease ROU assets | |||||||||||
Amortization of intangible assets | |||||||||||
Fair value adjustments | |||||||||||
Other | |||||||||||
Total deferred tax liabilities | |||||||||||
Net deferred tax asset | $ | $ |
2023 | 2022 | 2021 | |||||||||||||||
(in millions) | |||||||||||||||||
Balance at January 1, | $ | $ | $ | ||||||||||||||
Additions based on tax positions related to the current year | |||||||||||||||||
Additions for tax positions of prior years | |||||||||||||||||
Reductions for tax positions of prior years | ( | ( | ( | ||||||||||||||
Balance at December 31, | $ | $ | $ |
HSBC USA Inc. |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Unrealized gains (losses) on investment securities: | |||||||||||||||||
Balance at beginning of period | $ | ( | $ | ( | $ | ||||||||||||
Other comprehensive income (loss) for period: | |||||||||||||||||
Net unrealized gains (losses) arising during period, net of tax of $ | ( | ( | |||||||||||||||
Reclassification adjustment for (gains) losses realized in net income, net of tax of $ | ( | ( | |||||||||||||||
Reversal of provision for credit losses realized in net income, net of tax of | ( | ||||||||||||||||
Amortization of net unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity realized in net income, net of tax of less than $( | ( | ||||||||||||||||
Total other comprehensive income (loss) for period | ( | ( | |||||||||||||||
Balance at end of period | ( | ( | ( | ||||||||||||||
Unrealized gains (losses) on fair value option liabilities attributable to our own credit spread: | |||||||||||||||||
Balance at beginning of period | |||||||||||||||||
Other comprehensive income (loss) for period: | |||||||||||||||||
Net unrealized gains (losses) arising during period, net of tax of $( | ( | ||||||||||||||||
Total other comprehensive income (loss) for period | ( | ||||||||||||||||
Balance at end of period | |||||||||||||||||
Unrealized gains (losses) on derivatives designated as cash flow hedges: | |||||||||||||||||
Balance at beginning of period | ( | ( | ( | ||||||||||||||
Other comprehensive income (loss) for period: | |||||||||||||||||
Net unrealized gains (losses) arising during period, net of tax of $ | ( | ( | |||||||||||||||
Reclassification adjustment for (gains) losses realized in net income, net of tax of $ | ( | ||||||||||||||||
Total other comprehensive income (loss) for period | ( | ( | |||||||||||||||
Balance at end of period | ( | ( | ( | ||||||||||||||
Pension and postretirement benefit liability: | |||||||||||||||||
Balance at beginning of period | ( | ( | |||||||||||||||
Other comprehensive income (loss) for period: | |||||||||||||||||
Change in unfunded pension and postretirement liability, net of tax of less than $ | |||||||||||||||||
Total other comprehensive income for period | |||||||||||||||||
Balance at end of period | ( | ||||||||||||||||
Total accumulated other comprehensive loss at end of period | $ | ( | $ | ( | $ | ( |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Interest cost on projected benefit obligation | $ | $ | $ | ||||||||||||||
Expected return on plan assets | ( | ( | ( | ||||||||||||||
Amortization of net actuarial loss | |||||||||||||||||
Administrative costs | |||||||||||||||||
Pension (income) expense | $ | $ | $ | ( |
2023 | 2022 | 2021 | |||||||||||||||
Discount rate(1) | |||||||||||||||||
Expected long-term rate of return on Plan assets(2) | |||||||||||||||||
HSBC USA Inc. |
2023 | 2022 | 2021 | |||||||||||||||
Discount rate | % | % | % | ||||||||||||||
Salary increase assumption |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Credit card fees, net | $ | $ | $ | ||||||||||||||
Trust and investment management fees | |||||||||||||||||
Other fees and commissions: | |||||||||||||||||
Account services | |||||||||||||||||
Credit facilities | |||||||||||||||||
Other fees | |||||||||||||||||
Total other fees and commissions | |||||||||||||||||
Servicing and other fees from HSBC affiliates | |||||||||||||||||
Insurance(1) | |||||||||||||||||
Total fee income from contracts with customers | |||||||||||||||||
Other non-fee revenue | |||||||||||||||||
Total other revenues(2) | $ | $ | $ |
HSBC USA Inc. |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Assets: | |||||||||||
Cash and due from banks | $ | $ | |||||||||
Interest bearing deposits with banks | |||||||||||
Securities purchased under agreements to resell(1) | |||||||||||
Trading assets | |||||||||||
Loans | |||||||||||
Other(2) | |||||||||||
Total assets | $ | $ | |||||||||
Liabilities: | |||||||||||
Deposits | $ | $ | |||||||||
Trading liabilities | |||||||||||
Short-term borrowings | |||||||||||
Long-term debt | |||||||||||
Other(2) | |||||||||||
Total liabilities | $ | $ |
HSBC USA Inc. |
Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Income (Expense): | |||||||||||||||||
Interest income | $ | $ | $ | ||||||||||||||
Interest expense | ( | ( | ( | ||||||||||||||
Net interest expense | ( | ( | ( | ||||||||||||||
Trading revenue (expense) | ( | ( | |||||||||||||||
Servicing and other fees from HSBC affiliates: | |||||||||||||||||
HSBC Bank plc | |||||||||||||||||
HSBC Markets (USA) Inc. ("HMUS") | |||||||||||||||||
Other HSBC affiliates | |||||||||||||||||
Total servicing and other fees from HSBC affiliates | |||||||||||||||||
Gain (loss) on instruments designated at fair value and related derivatives | ( | ||||||||||||||||
Support services from HSBC affiliates: | |||||||||||||||||
HTSU | ( | ( | ( | ||||||||||||||
HMUS | ( | ( | ( | ||||||||||||||
Other HSBC affiliates | ( | ( | ( | ||||||||||||||
Total support services from HSBC affiliates | ( | ( | ( | ||||||||||||||
Rental income from HSBC affiliates(1) | |||||||||||||||||
Stock based compensation expense(2) | ( | ( | ( |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
HMUS and subsidiaries | $ | $ | |||||||||
HSBC North America | |||||||||||
Other short-term affiliate lending | |||||||||||
Total loans | $ | $ |
HSBC USA Inc. |
HSBC USA Inc. |
Year Ended December 31, 2022 | Year Ended December 31, 2021 | ||||||||||||||||||||||
As Previously Reported | After Reporting Changes | As Previously Reported | After Reporting Changes | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Segment net interest income (expense): | |||||||||||||||||||||||
MSS | $ | ( | $ | $ | $ | ||||||||||||||||||
CC | ( | ( | ( | ||||||||||||||||||||
Total HUSI Consolidated | |||||||||||||||||||||||
Segment other operating income (expense): | |||||||||||||||||||||||
MSS | $ | $ | $ | $ | |||||||||||||||||||
CC | ( | ||||||||||||||||||||||
Total HUSI Consolidated |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Group Reporting Basis Consolidated Amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GBM | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
WPB | CMB | GB | MSS | GBM Other | CC | Total | Group Reporting Basis Adjust- ments(1) | Group Reporting Basis Reclassi- fications(2) | U.S. GAAP Consolidated Totals | ||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | $ | $ | $ | $ | $ | ( | $ | ( | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | $ | $ | $ | $ | $ | ( | $ | ( | $ | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||
Balances at end of period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | $ | $ | $ | $ | $ | $ | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | $ | $ | $ | $ | $ | $ | ( | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | $ | $ | $ | $ | $ | ( | $ | ( | $ | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||
Balances at end of period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | $ | $ | $ | $ | $ | $ | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | $ | $ | $ | $ | $ | ( | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||
( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | $ | ( | $ | $ | $ | $ | ( | $ | ( | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||
Balances at end of period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | $ | $ | $ | $ | $ | $ | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | ( |
HSBC USA Inc. |
Net Interest Income | Other Revenues | Provision for Credit Losses | Operating Expenses | Profit Before Income Tax | Total Assets | ||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||
December 31, 2023 | |||||||||||||||||||||||||||||||||||
Deposit incentives | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Derivatives | ( | ||||||||||||||||||||||||||||||||||
Expected credit losses | ( | ( | |||||||||||||||||||||||||||||||||
Gain on transfer of precious metals trading client relationships to an affiliate | ( | ( | |||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||||
Leases | ( | ||||||||||||||||||||||||||||||||||
Loan origination | ( | ( | |||||||||||||||||||||||||||||||||
Loans held for sale | ( | ( | |||||||||||||||||||||||||||||||||
Other long-lived assets | ( | ( | |||||||||||||||||||||||||||||||||
Renewable energy tax credit investments | ( | ( | |||||||||||||||||||||||||||||||||
Other | ( | ( | |||||||||||||||||||||||||||||||||
Total adjustments | $ | $ | ( | $ | ( | $ | $ | ( | $ | ( | |||||||||||||||||||||||||
December 31, 2022 | |||||||||||||||||||||||||||||||||||
Deposit incentives | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Derivatives | ( | ||||||||||||||||||||||||||||||||||
Expected credit losses | ( | ( | |||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||||
Leases | ( | ||||||||||||||||||||||||||||||||||
Loan origination | ( | ( | ( | ||||||||||||||||||||||||||||||||
Loans held for sale | ( | ( | ( | ||||||||||||||||||||||||||||||||
Other long-lived assets | ( | ||||||||||||||||||||||||||||||||||
Pension and other postretirement benefit costs | ( | ||||||||||||||||||||||||||||||||||
Renewable energy tax credit investments | ( | ( | |||||||||||||||||||||||||||||||||
Other | ( | ||||||||||||||||||||||||||||||||||
Total adjustments | $ | $ | ( | $ | $ | $ | ( | $ | ( | ||||||||||||||||||||||||||
December 31, 2021 | |||||||||||||||||||||||||||||||||||
Deposit incentives | $ | $ | $ | $ | $ | $ | ( | ||||||||||||||||||||||||||||
Derivatives | ( | ||||||||||||||||||||||||||||||||||
Expected credit losses | ( | ( | |||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||||
Leases | ( | ||||||||||||||||||||||||||||||||||
Loan origination | ( | ( | |||||||||||||||||||||||||||||||||
Loans held for sale | ( | ( | ( | ||||||||||||||||||||||||||||||||
Other long-lived assets | ( | ||||||||||||||||||||||||||||||||||
Pension and other postretirement benefit costs | ( | ||||||||||||||||||||||||||||||||||
Renewable energy tax credit investments | ( | ( | |||||||||||||||||||||||||||||||||
Other | ( | ||||||||||||||||||||||||||||||||||
Total adjustments | $ | $ | ( | $ | ( | $ | $ | $ | ( |
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||||||
Capital Amount | Well-Capitalized Ratio(1) | Actual Ratio | Capital Amount | Well-Capitalized Ratio(1) | Actual Ratio | ||||||||||||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||||||||||||||
Common equity Tier 1 ratio: | |||||||||||||||||||||||||||||||||||
HSBC USA | $ | % | (2) | % | $ | % | (2) | % | |||||||||||||||||||||||||||
HSBC Bank USA | |||||||||||||||||||||||||||||||||||
Tier 1 capital ratio: | |||||||||||||||||||||||||||||||||||
HSBC USA | |||||||||||||||||||||||||||||||||||
HSBC Bank USA | |||||||||||||||||||||||||||||||||||
Total capital ratio: | |||||||||||||||||||||||||||||||||||
HSBC USA | |||||||||||||||||||||||||||||||||||
HSBC Bank USA | |||||||||||||||||||||||||||||||||||
Tier 1 leverage ratio: | |||||||||||||||||||||||||||||||||||
HSBC USA | (2) | (2) | |||||||||||||||||||||||||||||||||
HSBC Bank USA | |||||||||||||||||||||||||||||||||||
Risk-weighted assets:(3) | |||||||||||||||||||||||||||||||||||
HSBC USA | |||||||||||||||||||||||||||||||||||
HSBC Bank USA | |||||||||||||||||||||||||||||||||||
Adjusted quarterly average assets:(4) | |||||||||||||||||||||||||||||||||||
HSBC USA | |||||||||||||||||||||||||||||||||||
HSBC Bank USA | |||||||||||||||||||||||||||||||||||
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Consolidated Assets | Consolidated Liabilities | Consolidated Assets | Consolidated Liabilities | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Low income housing limited liability partnership: | |||||||||||||||||||||||
Other assets | $ | $ | — | $ | $ | — | |||||||||||||||||
Interest, taxes and other liabilities | — | — | |||||||||||||||||||||
Subtotal | |||||||||||||||||||||||
Venture debt financing entity: | |||||||||||||||||||||||
Loans, net | — | — | |||||||||||||||||||||
Other assets | — | — | |||||||||||||||||||||
Interest, taxes and other liabilities | — | — | |||||||||||||||||||||
Subtotal | |||||||||||||||||||||||
Total | $ | $ | $ | $ |
HSBC USA Inc. |
Total Assets Held by Unconsolidated VIEs | Carrying Value of Variable Interests Held Reported as | Maximum Exposure to Loss | |||||||||||||||||||||
Assets | Liabilities | ||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
At December 31, 2023 | |||||||||||||||||||||||
Limited partnership investments | $ | $ | $ | $ | |||||||||||||||||||
Asset-backed financing SPEs | |||||||||||||||||||||||
Total | $ | $ | $ | $ | |||||||||||||||||||
At December 31, 2022 | |||||||||||||||||||||||
Limited partnership investments | $ | $ | $ | $ | |||||||||||||||||||
Asset-backed financing SPEs | |||||||||||||||||||||||
Total | $ | $ | $ | $ |
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Carrying Value | Notional / Maximum Exposure to Loss | Carrying Value | Notional / Maximum Exposure to Loss | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Credit derivatives(1)(2) | $ | $ | $ | $ | |||||||||||||||||||
Financial standby letters of credit, net of participations(3)(4) | |||||||||||||||||||||||
Performance standby letters of credit, net of participations(3)(4) | |||||||||||||||||||||||
Total | $ | $ | $ | $ |
HSBC USA Inc. |
December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
Carrying / Fair Value | Notional | Carrying / Fair Value | Notional | ||||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Sell-protection credit derivative positions | $ | $ | $ | $ | |||||||||||||||||||
Buy-protection credit derivative positions | ( | ( | |||||||||||||||||||||
Net position(1) | $ | ( | $ | $ | $ |
Average Life (in years) | Credit Ratings of the Obligors | ||||||||||||||||||||||
Notional/Contractual Amounts | Investment Grade | Non-Investment Grade | Total | ||||||||||||||||||||
(dollars are in millions) | |||||||||||||||||||||||
Sell-protection Credit Derivatives(1) | |||||||||||||||||||||||
Single name credit default swaps | $ | $ | $ | ||||||||||||||||||||
Index credit derivatives | |||||||||||||||||||||||
Subtotal | |||||||||||||||||||||||
Standby Letters of Credit(2) | |||||||||||||||||||||||
Total | $ | $ | $ |
HSBC USA Inc. |
HSBC USA Inc. |
At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Interest bearing deposits with banks(1) | $ | $ | |||||||||
Trading assets(2) | |||||||||||
Securities available-for-sale(3) | |||||||||||
Securities held-to-maturity(3) | |||||||||||
Loans(4) | |||||||||||
Other assets(5) | |||||||||||
Total | $ | $ |
HSBC USA Inc. |
Gross Amounts Not Offset in the Balance Sheet | |||||||||||||||||||||||||||||||||||
Gross Amounts Recognized | Gross Amounts Offset in the Balance Sheet(1) | Net Amounts Presented in the Balance Sheet | Financial Instruments(2) | Cash Collateral Received / Pledged | Net Amount(3) | ||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||
At December 31, 2023 | |||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||
Securities purchased under resale agreements | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||
Securities sold under repurchase agreements | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
At December 31, 2022 | |||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||
Securities purchased under resale agreements | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||
Securities sold under repurchase agreements | $ | $ | $ | $ | $ | $ |
Overnight and Continuous | Up to 30 Days | 31 to 90 Days | 91 Days to One Year | Greater Than One Year | Total | ||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||
At December 31, 2023 | |||||||||||||||||||||||||||||||||||
U.S. Treasury, U.S. Government sponsored and U.S. Government agency securities | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
At December 31, 2022 | |||||||||||||||||||||||||||||||||||
U.S. Treasury, U.S. Government sponsored and U.S. Government agency securities | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||||||||||||||||
December 31, 2023 | Level 1 | Level 2 | Level 3 | Gross Balance | Netting(1) | Net Balance | |||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||
Trading assets, excluding derivatives: | |||||||||||||||||||||||||||||||||||
U.S. Treasury, U.S. Government agencies and sponsored enterprises | $ | $ | $ | $ | $ | — | $ | ||||||||||||||||||||||||||||
Debt securities issued by foreign entities | — | ||||||||||||||||||||||||||||||||||
Equity securities | — | ||||||||||||||||||||||||||||||||||
Precious metals trading | — | ||||||||||||||||||||||||||||||||||
Derivatives:(2) | |||||||||||||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||||||||||||
Foreign exchange contracts | |||||||||||||||||||||||||||||||||||
Equity contracts | |||||||||||||||||||||||||||||||||||
Precious metals contracts | |||||||||||||||||||||||||||||||||||
Credit contracts | |||||||||||||||||||||||||||||||||||
Other contracts(3) | |||||||||||||||||||||||||||||||||||
Derivatives netting | ( | ( | |||||||||||||||||||||||||||||||||
Total derivatives | ( | ||||||||||||||||||||||||||||||||||
Securities available-for-sale:(4) | |||||||||||||||||||||||||||||||||||
U.S. Treasury, U.S. Government agencies and sponsored enterprises | — | ||||||||||||||||||||||||||||||||||
Asset-backed securities: | |||||||||||||||||||||||||||||||||||
Home equity | — | ||||||||||||||||||||||||||||||||||
Other | — | ||||||||||||||||||||||||||||||||||
Debt securities issued by foreign entities | — | ||||||||||||||||||||||||||||||||||
Loans(5) | — | ||||||||||||||||||||||||||||||||||
Loans held for sale(5) | — | ||||||||||||||||||||||||||||||||||
Other assets: | |||||||||||||||||||||||||||||||||||
Mortgage servicing rights | — | ||||||||||||||||||||||||||||||||||
Equity securities | — | ||||||||||||||||||||||||||||||||||
Equity securities measured at net asset value(6) | — | ||||||||||||||||||||||||||||||||||
Other(5)(7) | — | ||||||||||||||||||||||||||||||||||
Total assets | $ | $ | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||
Domestic deposits(5) | $ | $ | $ | $ | $ | — | $ | ||||||||||||||||||||||||||||
Trading liabilities, excluding derivatives | — | ||||||||||||||||||||||||||||||||||
Derivatives:(2) | |||||||||||||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||||||||||||
Foreign exchange contracts | |||||||||||||||||||||||||||||||||||
Equity contracts | |||||||||||||||||||||||||||||||||||
Precious metals contracts | |||||||||||||||||||||||||||||||||||
Credit contracts | |||||||||||||||||||||||||||||||||||
Other contracts(3) | |||||||||||||||||||||||||||||||||||
Derivatives netting | ( | ( | |||||||||||||||||||||||||||||||||
Total derivatives | ( | ||||||||||||||||||||||||||||||||||
Long-term debt(5) | — | ||||||||||||||||||||||||||||||||||
Other liabilities(5)(7) | — | ||||||||||||||||||||||||||||||||||
Total liabilities | $ | $ | $ | $ | $ | ( | $ |
HSBC USA Inc. |
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||||||||||||||||
December 31, 2022 | Level 1 | Level 2 | Level 3 | Gross Balance | Netting(1) | Net Balance | |||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||
Trading assets, excluding derivatives: | |||||||||||||||||||||||||||||||||||
U.S. Treasury, U.S. Government agencies and sponsored enterprises | $ | $ | $ | $ | $ | — | $ | ||||||||||||||||||||||||||||
Debt securities issued by foreign entities | — | ||||||||||||||||||||||||||||||||||
Equity securities | — | ||||||||||||||||||||||||||||||||||
Precious metals trading | — | ||||||||||||||||||||||||||||||||||
Derivatives:(2) | |||||||||||||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||||||||||||
Foreign exchange contracts | |||||||||||||||||||||||||||||||||||
Equity contracts | |||||||||||||||||||||||||||||||||||
Precious metals contracts | |||||||||||||||||||||||||||||||||||
Credit contracts | |||||||||||||||||||||||||||||||||||
Other contracts(3) | |||||||||||||||||||||||||||||||||||
Derivatives netting | ( | ( | |||||||||||||||||||||||||||||||||
Total derivatives | ( | ||||||||||||||||||||||||||||||||||
Securities available-for-sale:(4) | |||||||||||||||||||||||||||||||||||
U.S. Treasury, U.S. Government agencies and sponsored enterprises | — | ||||||||||||||||||||||||||||||||||
Asset-backed securities: | |||||||||||||||||||||||||||||||||||
Home equity | — | ||||||||||||||||||||||||||||||||||
Other | — | ||||||||||||||||||||||||||||||||||
Debt securities issued by foreign entities | — | ||||||||||||||||||||||||||||||||||
Loans(5) | — | ||||||||||||||||||||||||||||||||||
Loans held for sale(5) | — | ||||||||||||||||||||||||||||||||||
Other assets: | |||||||||||||||||||||||||||||||||||
Mortgage servicing rights | — | ||||||||||||||||||||||||||||||||||
Equity securities | — | ||||||||||||||||||||||||||||||||||
Equity securities measured at net asset value(6) | — | ||||||||||||||||||||||||||||||||||
Other(5)(7) | — | ||||||||||||||||||||||||||||||||||
Total assets | $ | $ | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||
Domestic deposits(5) | $ | $ | $ | $ | $ | — | $ | ||||||||||||||||||||||||||||
Trading liabilities, excluding derivatives | — | ||||||||||||||||||||||||||||||||||
Derivatives:(2) | |||||||||||||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||||||||||||
Foreign exchange contracts | |||||||||||||||||||||||||||||||||||
Equity contracts | |||||||||||||||||||||||||||||||||||
Precious metals contracts | |||||||||||||||||||||||||||||||||||
Credit contracts | |||||||||||||||||||||||||||||||||||
Other contracts(3) | |||||||||||||||||||||||||||||||||||
Derivatives netting | ( | ( | |||||||||||||||||||||||||||||||||
Total derivatives | ( | ||||||||||||||||||||||||||||||||||
Long-term debt(5) | — | ||||||||||||||||||||||||||||||||||
Other liabilities(5)(7) | — | ||||||||||||||||||||||||||||||||||
Total liabilities | $ | $ | $ | $ | $ | ( | $ |
HSBC USA Inc. |
Jan. 1, 2023 | Total Realized / Unrealized Gains (Losses) Included in | Purch- ases | Issu- ances | Settle- ments | Transfers Into Level 3 | Transfers Out of Level 3 | Dec. 31, 2023 | Current Period Unrealized Gains (Losses) Still Held Included in | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Compre- hensive Income (Loss) | Other Compre- hensive Income (Loss) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives, net:(1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | ( | $ | $ | $ | $ | $ | $ | $ | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity contracts | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit contracts | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other contracts(2) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities available-for-sale(3) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale(4) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights(5) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | ( | $ | $ | ( | $ | $ | $ | $ | $ | ( | $ | $ | $ | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits(4) | $ | ( | $ | ( | $ | $ | $ | ( | $ | $ | $ | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt(4) | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | $ | ( | $ | ( | $ | ( | $ | $ | ( | $ | $ | ( | $ | $ | ( | $ | ( | $ | ( |
HSBC USA Inc. |
Jan. 1, 2022 | Total Realized / Unrealized Gains (Losses) Included in | Purch- ases | Issu- ances | Settle- ments | Transfers Into Level 3 | Transfers Out of Level 3 | Dec. 31, 2022 | Current Period Unrealized Gains (Losses) Still Held Included in | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Compre- hensive Income (Loss) | Other Compre- hensive Income (Loss) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives, net:(1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | $ | ( | $ | $ | $ | $ | $ | ( | $ | $ | ( | $ | ( | $ | ||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity contracts | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit contracts | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other contracts(2) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities available-for-sale(3) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale(4) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights(5) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | $ | ( | $ | ( | $ | $ | $ | $ | $ | $ | ( | $ | ( | $ | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits(4) | $ | ( | $ | $ | $ | $ | $ | $ | ( | $ | $ | ( | $ | $ | |||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt(4) | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | $ | ( | $ | $ | $ | $ | ( | $ | $ | ( | $ | $ | ( | $ | $ |
HSBC USA Inc. |
December 31, 2023 | ||||||||||||||||||||||||||||||||
Financial Instrument Type | Fair Value (in millions) | Valuation Technique(s) | Significant Unobservable Inputs | Range of Inputs | Weighted Average(1) | |||||||||||||||||||||||||||
Interest rate derivative contracts | $ | ( | Market comparable adjusted for probability to fund and, where applicable, option pricing model | Probability to fund for rate lock commitments | ||||||||||||||||||||||||||||
Interest rate yield curve | N/A | |||||||||||||||||||||||||||||||
Foreign exchange derivative contracts | $ | Option pricing model | Cross-currency basis | N/A | ||||||||||||||||||||||||||||
Equity derivative contracts(2) | $ | Option pricing model | Equity / Equity Index volatility | |||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | ||||||||||||||||||||||||||||||||
Equity forward price | $ | $ | ||||||||||||||||||||||||||||||
Credit derivative contracts | $ | Option pricing model and, where applicable, discounted cash flows | Credit default swap spreads | |||||||||||||||||||||||||||||
Other derivative contracts | $ | ( | Discounted cash flows | Conversion rate | N/A | |||||||||||||||||||||||||||
Expected duration | N/A | |||||||||||||||||||||||||||||||
Asset-backed securities available-for-sale | $ | Discounted cash flows | Market assumptions related to yields for comparable instruments | |||||||||||||||||||||||||||||
Loans held for sale | $ | Market comparables and internal assumptions | Adjusted market price | |||||||||||||||||||||||||||||
Mortgage servicing rights | $ | Discounted cash flows | Constant prepayment rates | |||||||||||||||||||||||||||||
Discount rate | ||||||||||||||||||||||||||||||||
Estimated annualized costs to service | $ | $ | ||||||||||||||||||||||||||||||
Domestic deposits (structured deposits)(2)(3) | $ | ( | Option adjusted discounted cash flows | Equity / Equity Index volatility | ||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | ||||||||||||||||||||||||||||||||
Long-term debt (structured notes)(2)(3) | $ | ( | Option adjusted discounted cash flows | Equity / Equity Index volatility | ||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | ||||||||||||||||||||||||||||||||
Credit default swap spreads | NA |
HSBC USA Inc. |
December 31, 2022 | ||||||||||||||||||||||||||||||||
Financial Instrument Type | Fair Value (in millions) | Valuation Technique(s) | Significant Unobservable Inputs | Range of Inputs | Weighted Average(1) | |||||||||||||||||||||||||||
Interest rate derivative contracts | $ | ( | Market comparable adjusted for probability to fund and, where applicable, option pricing model | Probability to fund for rate lock commitments | ||||||||||||||||||||||||||||
Interest rate yield curve | N/A | |||||||||||||||||||||||||||||||
Foreign exchange derivative contracts | $ | Option pricing model | Cross-currency basis | N/A | ||||||||||||||||||||||||||||
Equity derivative contracts(2) | $ | ( | Option pricing model | Equity / Equity Index volatility | ||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | ||||||||||||||||||||||||||||||||
Equity forward price | $ | $ | ||||||||||||||||||||||||||||||
Credit derivative contracts | $ | Option pricing model and, where applicable, discounted cash flows | Credit default swap spreads | |||||||||||||||||||||||||||||
Other derivative contracts | $ | ( | Discounted cash flows | Conversion rate | N/A | |||||||||||||||||||||||||||
Expected duration | N/A | |||||||||||||||||||||||||||||||
Asset-backed securities available-for-sale | $ | Discounted cash flows | Market assumptions related to yields for comparable instruments | |||||||||||||||||||||||||||||
Loans held for sale | $ | Market comparables and internal assumptions | Adjusted market price | |||||||||||||||||||||||||||||
Mortgage servicing rights | $ | Discounted cash flows | Constant prepayment rates | |||||||||||||||||||||||||||||
Discount rate | ||||||||||||||||||||||||||||||||
Estimated annualized costs to service | $ | $ | ||||||||||||||||||||||||||||||
Domestic deposits (structured deposits)(2)(3) | $ | ( | Option adjusted discounted cash flows | Equity / Equity Index volatility | ||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | ||||||||||||||||||||||||||||||||
Long-term debt (structured notes)(2)(3) | $ | ( | Option adjusted discounted cash flows | Equity / Equity Index volatility | ||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | ||||||||||||||||||||||||||||||||
Credit default swap spreads | N/A |
HSBC USA Inc. |
HSBC USA Inc. |
Non-Recurring Fair Value Measurements at December 31, 2023 | Total Gains (Losses) For the Year Ended December 31, 2023 | ||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Consumer loans(1) | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Commercial loans held for sale | ( | ||||||||||||||||||||||||||||
Commercial loans(2) | ( | ||||||||||||||||||||||||||||
Leases(3) | ( | ||||||||||||||||||||||||||||
Total assets at fair value on a non-recurring basis | $ | $ | $ | $ | $ | ( |
Non-Recurring Fair Value Measurements at December 31, 2022 | Total Gains (Losses) For the Year Ended December 31, 2022 | ||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Consumer loans held for sale(4) | $ | $ | $ | $ | $ | ( | |||||||||||||||||||||||
Consumer loans(1) | |||||||||||||||||||||||||||||
Commercial loans held for sale | ( | ||||||||||||||||||||||||||||
Commercial loans(2) | |||||||||||||||||||||||||||||
Leases(3) | ( | ||||||||||||||||||||||||||||
Total assets at fair value on a non-recurring basis | $ | $ | $ | $ | $ | ( |
At December 31, 2023 | ||||||||||||||||||||||||||||||||
Financial Instrument Type | Fair Value (in millions) | Valuation Technique(s) | Significant Unobservable Inputs | Range of Inputs | Weighted Average(1) | |||||||||||||||||||||||||||
Commercial loans | $ | Valuation of third-party appraisal on underlying collateral | Loss severity rates |
At December 31, 2022 | ||||||||||||||||||||||||||||||||
Financial Instrument Type | Fair Value (in millions) | Valuation Technique(s) | Significant Unobservable Inputs | Range of Inputs | Weighted Average(1) | |||||||||||||||||||||||||||
Commercial loans | $ | Valuation of third-party appraisal on underlying collateral | Loss severity rates |
HSBC USA Inc. |
HSBC USA Inc. |
Rating of Securities:(1) | Collateral Type: | Level 3 | ||||||
(in millions) | ||||||||
AAA - A | Home equity - Alt A | $ | ||||||
BBB - B | Other | |||||||
$ |
HSBC USA Inc. |
HSBC USA Inc. |
December 31, 2023 | Carrying Value | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||
Short-term financial assets, net of allowance for credit losses | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | |||||||||||||||||||||||||||||
Securities held-to-maturity, net of allowance for credit losses | |||||||||||||||||||||||||||||
Commercial loans, net of allowance for credit losses | |||||||||||||||||||||||||||||
Commercial loans held for sale | |||||||||||||||||||||||||||||
Consumer loans, net of allowance for credit losses | |||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||
Short-term financial liabilities | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||||||
Long-term debt |
December 31, 2022 | Carrying Value | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||
Short-term financial assets, net of allowance for credit losses | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | |||||||||||||||||||||||||||||
Securities held-to-maturity, net of allowance for credit losses | |||||||||||||||||||||||||||||
Commercial loans, net of allowance for credit losses | |||||||||||||||||||||||||||||
Commercial loans held for sale | |||||||||||||||||||||||||||||
Consumer loans, net of allowance for credit losses | |||||||||||||||||||||||||||||
Consumer loans held for sale | |||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||
Short-term financial liabilities | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||||||
Long-term debt |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
Balance Sheet At December 31, | 2023 | 2022 | |||||||||
(in millions) | |||||||||||
Assets: | |||||||||||
Securities held-to-maturity (fair value of $ | $ | $ | |||||||||
Receivables and balances due from subsidiaries | |||||||||||
Receivables and balances due from other HSBC affiliates | |||||||||||
Investment in subsidiaries: | |||||||||||
Banking | |||||||||||
Other | |||||||||||
Other assets | |||||||||||
Total assets | $ | $ | |||||||||
Liabilities: | |||||||||||
Interest, taxes and other liabilities | $ | $ | |||||||||
Payables due to subsidiaries | |||||||||||
Payables due to other HSBC affiliates | |||||||||||
Short-term borrowings | |||||||||||
Short-term borrowings due to subsidiaries(1) | |||||||||||
Long-term debt(2) | |||||||||||
Long-term debt due to other HSBC affiliates(2) | |||||||||||
Total liabilities | |||||||||||
Total equity | |||||||||||
Total liabilities and equity | $ | $ |
HSBC USA Inc. |
Statements of Income and Comprehensive Income (Loss) Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Income: | |||||||||||||||||
Dividends from banking subsidiaries | $ | $ | $ | ||||||||||||||
Dividends from other subsidiaries | |||||||||||||||||
Interest from subsidiaries | |||||||||||||||||
Interest from other HSBC affiliates | |||||||||||||||||
Other income (loss) from subsidiaries | ( | ||||||||||||||||
Other income (loss) from other HSBC Affiliates | ( | ||||||||||||||||
Other income (loss) | ( | ( | |||||||||||||||
Total income | |||||||||||||||||
Expenses: | |||||||||||||||||
Interest to subsidiaries | |||||||||||||||||
Interest to other HSBC Affiliates | |||||||||||||||||
Other interest expense | |||||||||||||||||
Other expenses with subsidiaries | |||||||||||||||||
Other expenses | |||||||||||||||||
Total expenses | |||||||||||||||||
Income (loss) before taxes and equity in undistributed income (loss) of subsidiaries | ( | ( | |||||||||||||||
Income tax benefit | ( | ( | ( | ||||||||||||||
Income (loss) before equity in undistributed income (loss) of subsidiaries | ( | ( | |||||||||||||||
Equity in undistributed income (loss) of subsidiaries | ( | ||||||||||||||||
Net income | $ | $ | $ | ||||||||||||||
Other comprehensive income (loss) | ( | ( | |||||||||||||||
Comprehensive income (loss) | $ | $ | ( | $ | ( |
HSBC USA Inc. |
Statement of Cash Flows Year Ended December 31, | 2023 | 2022 | 2021 | ||||||||||||||
(in millions) | |||||||||||||||||
Cash flows from operating activities: | |||||||||||||||||
Net income | $ | $ | $ | ||||||||||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||||||||
Depreciation and amortization | |||||||||||||||||
Net change in other assets and liabilities | ( | ( | |||||||||||||||
Undistributed (income) loss of subsidiaries | ( | ( | |||||||||||||||
Other, net | ( | ( | |||||||||||||||
Cash provided by (used in) operating activities | ( | ( | |||||||||||||||
Cash flows from investing activities: | |||||||||||||||||
Sales and maturities of securities | |||||||||||||||||
Net change in investments in and balances due from subsidiaries | ( | ||||||||||||||||
Net change in balances due from other HSBC affiliates | ( | ( | |||||||||||||||
Other, net | |||||||||||||||||
Cash provided by (used in) investing activities | ( | ||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||
Net change in deposits from other HSBC affiliates | ( | ||||||||||||||||
Net change in short-term borrowings | ( | ( | |||||||||||||||
Issuance of long-term debt | |||||||||||||||||
Repayment of long-term debt | ( | ( | ( | ||||||||||||||
Preferred stock redemption | ( | ||||||||||||||||
Return of capital to parent | ( | ( | |||||||||||||||
Other decreases in capital surplus | ( | ( | ( | ||||||||||||||
Dividends paid | ( | ( | ( | ||||||||||||||
Cash provided by (used in) financing activities | ( | ( | |||||||||||||||
Net change in cash and due from banks and interest bearing deposits with banks | |||||||||||||||||
Cash and due from banks and interest bearing deposits with banks at beginning of year | |||||||||||||||||
Cash and due from banks and interest bearing deposits with banks at end of year | $ | $ | $ | ||||||||||||||
Cash paid for: | |||||||||||||||||
Interest | $ | $ | $ |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
HSBC USA Inc. |
3(i) | Articles of Incorporation and amendments and supplements thereto (incorporated by reference to Exhibit 3(a) to HSBC USA Inc.'s Annual Report on Form 10-K for the year ended December 31, 1999, Exhibit 3 to HSBC USA Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2000, Exhibit 3.2 to HSBC USA Inc.'s Current Report on Form 8-K filed April 4, 2005, Exhibit 3.3 to HSBC USA Inc.'s Current Report on Form 8-K filed April 4, 2005, Exhibit 3.2 to HSBC USA Inc.'s Current Report on Form 8-K filed October 14, 2005, Exhibit 3.2 to HSBC USA Inc.'s Current Report on Form 8-K filed May 22, 2006 and Exhibit 3.2 to HSBC USA Inc.'s Current Report on Form 8-K filed on May 31, 2016). | ||||
3(ii) | Bylaws of HSBC USA Inc., as Amended and Restated effective July 20, 2022 (incorporated by reference to Exhibit 3.2 to HSBC USA Inc.'s Current Report on Form 8-K filed July 21, 2022). | ||||
4.1 | Senior Indenture, dated as of March 31, 2009, by and between HSBC USA Inc. and Computershare Trust Company, N.A. (as successor in interest to Wells Fargo Bank, National Association), as trustee, as amended and supplemented (incorporated by reference to Exhibit 4.1 to HSBC USA Inc.'s Registration Statement on Form S-3, Registration No. 333-158385, Exhibit 4.2 to HSBC USA Inc.'s Registration Statement on Form S-3, Registration No. 333-180289, Exhibit 4.3 to HSBC USA Inc.'s Registration Statement on Form S-3, Registration No. 333-202524 and Exhibit 4.24 to HSBC USA Inc.'s Current Report on Form 8-K filed October 2, 2023). | ||||
4.2 | Subordinated Indenture, dated as of October 24, 1996, by and between HSBC USA Inc. and Deutsche Bank Trust Companies Americas (as successor in interest to Bankers Trust Company), as trustee, as amended and supplemented (incorporated by reference to Exhibits 4.3, 4.4, 4.5 and 4.6 to Post-Effective Amendment No. 1 to HSBC USA Inc.'s Registration Statement on Form S-3, Registration No. 333-42421 and Exhibit 4.1 to HSBC USA Inc.'s Current Report on Form 8-K filed September 27, 2010). | ||||
4.3 | Warrant Indenture, dated as of May 16, 2016, by and between HSBC USA Inc. and Computershare Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.31 to Post-Effective Amendment No. 1 to HSBC USA Inc.'s Registration Statement on Form S-3, Registration No. 333-202524). | ||||
4.4 | Other instruments defining the rights of holders of long-term debt of HSBC USA Inc. and its consolidated subsidiaries are not being filed herewith since the total amount of securities authorized under each such instrument does not exceed 10 percent of the total assets of HSBC USA Inc. and its subsidiaries on a consolidated basis. HSBC USA Inc. agrees that it will furnish a copy of any such instrument to the Securities and Exchange Commission upon request. | ||||
4.5 | Description of HSBC USA Inc.'s zero coupon callable accreting notes due January 15, 2043 and zero coupon callable accreting notes due January 29, 2043 (incorporated by reference to Exhibit 4.5 to HSBC USA Inc.'s Annual Report on Form 10-K for the year ended December 31, 2019). | ||||
23 | |||||
24 | |||||
31 | |||||
HSBC USA Inc. |
32 | |||||
97 | |||||
101.INS | The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document(1) | ||||
101.SCH | Inline XBRL Taxonomy Extension Schema Document(1) | ||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document(1) | ||||
101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document(1) | ||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document(1) | ||||
101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document(1) | ||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
HSBC USA Inc. |
HSBC USA INC. | ||||||||
By: | /s/ MICHAEL ROBERTS | |||||||
Michael Roberts | ||||||||
President and Chief Executive Officer | ||||||||
Signature | Title | |||||||
/s/ M. ROBERTS | President, Chief Executive Officer, Chairman and Director | |||||||
(M. Roberts) | (as Principal Executive Officer) | |||||||
/s/ E. AVILÉS | Director | |||||||
(E. Avilés) | ||||||||
/s/ D. P. BAILEY | Director | |||||||
(D. P. Bailey) | ||||||||
/s/ P. ELMGART | Director | |||||||
(P. Elmgart) | ||||||||
/s/ M. L. FLOWERS | Director | |||||||
(M. L. Flowers) | ||||||||
/s/ W. L. HARTMANN | Director | |||||||
(W. L. Hartmann) | ||||||||
/s/ C. H. LARSON | Director | |||||||
(C. H. Larson) | ||||||||
/s/ G. W. MADISON | Director | |||||||
(G. W. Madison) | ||||||||
/s/ L. K. POLSKY | Director | |||||||
(L. K. Polsky) | ||||||||
/s/ A. D. SCHROEDER | Director | |||||||
(A. D. Schroeder) | ||||||||
/s/ D. HANKINSON | Interim Chief Financial Officer | |||||||
(D. Hankinson) | (as Principal Financial Officer) | |||||||
/s/ W. TABAKA | Executive Vice President and Chief Accounting Officer | |||||||
(W. Tabaka) | (as Principal Accounting Officer) |
/s/ MICHAEL ROBERTS | ||
Michael Roberts | ||
Chairman of the Board, President | ||
and Chief Executive Officer |
/s/ DANIEL HANKINSON | ||
Daniel Hankinson | ||
Interim Chief Financial Officer |
/s/ MICHAEL ROBERTS | ||
Michael Roberts | ||
Chairman of the Board, President | ||
and Chief Executive Officer |
/s/ DANIEL HANKINSON | ||
Daniel Hankinson | ||
Interim Chief Financial Officer |
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Audit Information |
12 Months Ended |
---|---|
Dec. 31, 2023 | |
Audit Information [Abstract] | |
Auditor Name | PricewaterhouseCoopers LLP |
Auditor Firm ID | 238 |
Auditor Location | New York, New York |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 393 | $ 548 | $ 688 |
Net change in unrealized gains (losses), net of tax: | |||
Investment securities | 536 | (2,205) | (815) |
Fair value option liabilities attributable to our own credit spread | (25) | 59 | 12 |
Derivatives designated as cash flow hedges | 136 | (258) | (59) |
Pension and post-retirement benefit plans | 2 | 8 | 4 |
Total other comprehensive income (loss) | 649 | (2,396) | (858) |
Comprehensive income (loss) | $ 1,042 | $ (1,848) | $ (170) |
CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Trading assets | [1] | $ 22,115,000,000 | $ 21,730,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale, amortized cost | 27,980,000,000 | 30,335,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale, allowance for credit losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | [1] | 25,696,000,000 | 27,345,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity, allowance for credit losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity, fair value | 14,689,000,000 | 6,862,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets, allowance for credit losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets designated under fair value option | 10,000,000 | 325,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities designated under fair value option | $ 10,000,000 | $ 325,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, par value (usd per share) | $ 0 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized (shares) | 40,999,000 | 40,999,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares issued (shares) | 265 | 265 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares outstanding (shares) | 265 | 265 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (usd per share) | $ 5 | $ 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares authorized (shares) | 150,000,000 | 150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares issued (shares) | 714 | 714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares outstanding (shares) | 714 | 714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | [1] | $ 58,396,000,000 | $ 58,796,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | [1] | 6,490,000,000 | 6,754,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | [1] | 168,238,000,000 | 164,655,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities | [1] | 3,256,000,000 | 2,980,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | [1] | 156,599,000,000 | 152,542,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset Pledged as Collateral with Right | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 3,046,000,000 | 1,255,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 161,000,000 | 55,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable interest entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 162,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 23,000,000 | 44,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 23,000,000 | 206,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities | 17,000,000 | 22,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 17,000,000 | 22,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Student loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, designated under fair value option | 15,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held-for-sale, designated under fair value option | 250,000,000 | 237,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits designated under fair value option | 1,800,000,000 | 1,600,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt designated under fair value option | $ 7,500,000,000 | $ 8,400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Millions |
Total |
Preferred stock |
Common stock |
Additional paid-in capital |
Retained earnings |
Accumulated other comprehensive loss |
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Balance at beginning of period at Dec. 31, 2020 | $ 1,265 | |||||
Balance at beginning of period, common equity at Dec. 31, 2020 | $ 0 | $ 15,746 | $ 601 | $ 679 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Preferred stock redemption | 0 | |||||
Return of capital to parent | (1,000) | |||||
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax | 0 | |||||
Employee benefit plans | (4) | |||||
Net income | $ 688 | 688 | ||||
Cash dividends declared on preferred stock | (77) | |||||
Cash dividends declared on common stock | 0 | |||||
Other comprehensive income (loss), net of tax | (858) | (858) | ||||
Balance at end of period, common equity at Dec. 31, 2021 | 15,775 | $ 0 | 14,742 | 1,212 | (179) | |
Balance at end of period at Dec. 31, 2021 | 17,040 | $ 1,265 | ||||
Beginning balance (shares) at Dec. 31, 2020 | 1,265 | 714 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Number of shares of preferred stock redeemed (in shares) | 0 | |||||
Ending balance (shares) at Dec. 31, 2021 | 1,265 | 714 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Preferred stock redemption | $ (1,000) | |||||
Return of capital to parent | (2,000) | |||||
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax | 0 | |||||
Employee benefit plans | (2) | |||||
Net income | 548 | 548 | ||||
Cash dividends declared on preferred stock | (77) | |||||
Cash dividends declared on common stock | 0 | |||||
Other comprehensive income (loss), net of tax | (2,396) | (2,396) | ||||
Balance at end of period, common equity at Dec. 31, 2022 | 11,848 | $ 0 | 12,740 | 1,683 | (2,575) | |
Balance at end of period at Dec. 31, 2022 | 12,113 | $ 265 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Number of shares of preferred stock redeemed (in shares) | (1,000) | |||||
Ending balance (shares) at Dec. 31, 2022 | 265 | 714 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Preferred stock redemption | $ 0 | |||||
Return of capital to parent | 0 | |||||
Gain on transfer of certain precious metals trading and financing activities to an affiliate, net of tax | 8 | |||||
Employee benefit plans | (8) | |||||
Net income | 393 | 393 | ||||
Cash dividends declared on preferred stock | (16) | |||||
Cash dividends declared on common stock | (1,500) | |||||
Other comprehensive income (loss), net of tax | 649 | 649 | ||||
Balance at end of period, common equity at Dec. 31, 2023 | 11,374 | $ 0 | $ 12,740 | $ 560 | $ (1,926) | |
Balance at end of period at Dec. 31, 2023 | $ 11,639 | $ 265 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Number of shares of preferred stock redeemed (in shares) | 0 | |||||
Ending balance (shares) at Dec. 31, 2023 | 265 | 714 |
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions |
12 Months Ended | ||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Cash flows from operating activities | |||
Net income | $ 393 | $ 548 | $ 688 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | (17) | 112 | 262 |
Gain on sale of branch disposal group, net | 0 | (113) | 0 |
Provision for credit losses | 45 | 154 | (570) |
Deferred income tax provision | 51 | 284 | 340 |
Net realized losses (gains) on securities available-for-sale | 243 | (26) | (73) |
Net change in other assets and liabilities | 1,359 | (1,044) | 172 |
Net change in loans held for sale: | |||
Originations and purchases of loans held for sale | (340) | (1,932) | (2,544) |
Sales and collections of loans held for sale | 320 | 1,791 | 2,699 |
Net change in trading assets and liabilities | 297 | 2,093 | 867 |
Lower of amortized cost or fair value adjustments on loans held for sale | 32 | 19 | 14 |
Loss (gain) on instruments designated at fair value and related derivatives | 42 | 50 | (35) |
Net cash provided by operating activities | 2,425 | 1,936 | 1,820 |
Cash flows from investing activities | |||
Net change in federal funds sold and securities purchased under agreements to resell | 9,207 | (12,571) | 25,232 |
Securities available-for-sale: | |||
Purchases of securities available-for-sale | (4,467) | (4,997) | (18,501) |
Proceeds from sales of securities available-for-sale | 1,642 | 1,812 | 10,324 |
Proceeds from paydowns and maturities of securities available-for-sale | 4,988 | 5,992 | 12,030 |
Securities held-to-maturity: | |||
Purchases of securities held-to-maturity | (8,592) | (3,585) | 0 |
Proceeds from paydowns and maturities of securities held-to-maturity | 880 | 1,460 | 3,747 |
Change in loans: | |||
Originations, net of collections | (1,368) | (3,205) | (618) |
Loans sold to third parties | 1,806 | 1,476 | 2,758 |
Net cash used for acquisitions of properties and equipment | (29) | (42) | (3) |
Cash received on transfer of certain precious metals trading and financing activities to an affiliate | 10 | 0 | 0 |
Net outflow related to the sale of branch disposal group | 0 | (4,619) | 0 |
Other, net | (140) | (17) | 103 |
Net cash provided by (used in) investing activities | 3,937 | (18,296) | 35,072 |
Cash flows from financing activities | |||
Net change in deposits | (1,941) | (12,534) | (2,107) |
Debt: | |||
Net change in short-term borrowings | 3,969 | (393) | 1,386 |
Issuance of long-term debt | 4,553 | 5,931 | 7,711 |
Repayment of long-term debt | (4,448) | (3,229) | (10,044) |
Preferred stock redemption | 0 | (1,000) | 0 |
Return of capital to parent | 0 | (2,000) | (1,000) |
Other decreases in capital surplus | (8) | (2) | (4) |
Dividends paid | (1,516) | (77) | (77) |
Net cash provided by (used in) financing activities | 609 | (13,304) | (4,135) |
Net change in cash and due from banks and interest bearing deposits with banks | 6,971 | (29,664) | 32,757 |
Cash and due from banks and interest bearing deposits with banks at beginning of period | 18,748 | 48,412 | 15,655 |
Cash and due from banks and interest bearing deposits with banks at end of period | 25,719 | 18,748 | 48,412 |
Supplemental disclosure of cash flow information | |||
Interest paid during the period | 5,123 | 1,660 | 606 |
Net income taxes refunded during the period | (108) | (122) | (52) |
Supplemental disclosure of non-cash investing activities | |||
Transfer of loans to (from) held for sale, net | $ (29) | ||
Transfer of loans to (from) held for sale, net | $ 1,820 | $ 6,982 |
Organization and Presentation |
12 Months Ended |
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Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Presentation | Organization HSBC USA Inc. ("HSBC USA"), incorporated under the laws of Maryland, is a New York State based bank holding company and a wholly-owned subsidiary of HSBC North America Holdings Inc. ("HSBC North America"), which is an indirect wholly-owned subsidiary of HSBC Holdings plc ("HSBC" and, together with its subsidiaries, "HSBC Group"). HSBC USA (together with its subsidiaries, "HUSI") may also be referred to in these notes to the consolidated financial statements as "we," "us" or "our." Through our subsidiaries, we offer a wide range of commercial and consumer banking products and related financial services. HSBC Bank USA, National Association (together with its subsidiaries, "HSBC Bank USA"), our principal U.S. banking subsidiary, is a national banking association with branch offices and representative offices across the United States. HSBC Bank USA is also an international dealer in derivative instruments denominated in U.S. dollars and other currencies, focusing on structuring transactions to meet clients' needs.
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Summary of Significant Accounting Policies and New Accounting Pronouncements |
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Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounting Policies [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Significant Accounting Policies and New Accounting Pronouncements | Summary of Significant Accounting Policies and New Accounting Pronouncements Significant Accounting Policies Basis of Presentation The consolidated financial statements include the accounts of HSBC USA and all subsidiaries in which we hold, directly or indirectly, more than 50 percent of the voting rights, or where we exercise control, including all variable interest entities ("VIEs") in which we are the primary beneficiary. Investments in companies where we have significant influence over operating and financing decisions, which primarily are those where the percentage of ownership is at least 20 percent but not more than 50 percent, are accounted for under the equity method and reported as equity method investments in other assets. All significant intercompany accounts and transactions have been eliminated. We assess whether an entity is a VIE and, if so, whether we are its primary beneficiary at the time of initial involvement with the entity and on an ongoing basis. A VIE is an entity in which the equity investment at risk is not sufficient to finance the entity's activities without additional subordinated financial support, or as a group, the holders of equity investment at risk lack either a) the power through voting rights or similar rights to direct the activities of the entity that most significantly impacts the entity's economic performance; or b) the obligation to absorb the entity's expected losses, the right to receive the expected residual returns, or both. A VIE must be consolidated by its primary beneficiary, which is the entity with the power to direct the activities of a VIE that most significantly impact its economic performance and the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Areas which we consider to be critical accounting estimates and require a high degree of judgment and complexity include allowance for credit losses, valuation of financial instruments and deferred tax asset valuation allowances. Certain reclassifications have been made to prior period amounts to conform to the current period presentation. Cash and Cash Equivalents For the purpose of reporting cash flows, cash and cash equivalents include both cash and due from banks and interest bearing deposits with banks, which are inclusive of restricted cash, if any. Resale and Repurchase Agreements We enter into purchases and borrowings of securities under agreements to resell (resale agreements) and sales of securities under agreements to repurchase (repurchase agreements) substantially identical securities. Resale and repurchase agreements are accounted for as secured lending and secured borrowing transactions, respectively. The amounts advanced under resale agreements and the amounts borrowed under repurchase agreements are carried on the consolidated balance sheet at the amount advanced or borrowed. Interest earned on resale agreements is reported as interest income. Interest paid on repurchase agreements is reported as interest expense. We offset resale and repurchase agreements executed with the same counterparty under legally enforceable netting agreements that meet the applicable netting criteria as permitted by generally accepted accounting principles. Repurchase agreements may require us to deposit cash or other collateral with the lender. In connection with resale agreements, it is our policy to obtain possession of collateral, which may include the securities purchased, with market value in excess of the principal amount loaned. The market value of the collateral subject to the resale and repurchase agreements is regularly monitored, and additional collateral is obtained or provided when appropriate, to ensure appropriate collateral coverage of these secured financing transactions. Trading Assets and Liabilities Financial instruments utilized in trading activities are stated at fair value. Fair value is generally based on quoted market prices. If quoted market prices are not available, fair values are estimated based on dealer quotes, pricing models, using observable inputs where available or quoted prices for instruments with similar characteristics. Where applicable, fair value is determined by reference to quotes provided by multiple independent pricing services. Fair value determined by internal pricing models is regularly substantiated by the price level executed in the market and the internal pricing models used are periodically validated by an internal Model Risk Management function. Realized and unrealized gains and losses are recognized in trading revenue. Securities Securities acquired principally for the purpose of selling them in the near term are classified as trading assets and reported at fair value. Fair value adjustments to trading securities and gains and losses on the sale of such securities are reported in trading revenue. Debt securities that we have the ability and intent to hold to maturity are reported at cost adjusted for amortization of premiums and accretion of discounts, which are recognized as adjustments to yield over the contractual lives of the related securities. Premiums for non-contingently callable debt securities are amortized to the earliest call date, rather than the contractual maturity date. All other debt securities are classified as available-for-sale and carried at fair value, with unrealized gains and losses, net of related income taxes, recorded as adjustments to common equity as a component of accumulated other comprehensive loss. Accrued interest receivables for securities available-for-sale and securities held-to-maturity are reported net of any related allowance for credit losses in other assets on the consolidated balance sheet. Realized gains and losses on sales of securities available-for-sale are computed on a specific identified cost basis and are reported in other securities gains, net. An allowance for credit losses is recognized for debt securities, with changes in the allowance recorded in earnings. See under the heading "Allowance for credit losses" below for further discussion of our policies for establishing an allowance for credit losses on debt securities. Equity securities that are not classified as trading are reported in other assets and measured at fair value with changes in fair value recognized in other income (loss). Equity securities that are not considered to have readily determinable fair values are carried at amortized cost, less impairment, adjusted for observable price changes. Investments in Federal Home Loan Bank stock and Federal Reserve Bank stock are recorded at cost less impairment. Loans Loans are carried at amortized cost, with the exception of certain student loans for which the fair value option was elected and are further discussed in Note 17, "Fair Value Option." Amortized cost represents the principal amount outstanding, net of unearned income, charge-offs, unamortized purchase premium or discount, and unamortized nonrefundable fees and related direct loan origination costs. The carrying amount of loans represents their amortized cost reduced by the allowance for credit losses. See under the heading "Allowance for Credit Losses" below for further discussion of our policies for establishing an allowance for credit losses on loans. Premiums and discounts are recognized as adjustments to yield over the estimated or contractual lives of the related loans. Interest income is recorded based on the effective interest method. Accrued interest receivables for loans are reported net of any related allowance for credit losses in other assets on the consolidated balance sheet. For credit card receivables, accrued interest is recognized in the loan balance as it is billed, with the related allowance recorded in the allowance for credit losses on loans. Nonrefundable fees and related direct costs associated with the origination of loans are deferred and netted against outstanding loan balances. The amortization of net deferred fees, which include points on real estate secured loans and costs, is recognized in interest income, generally by the effective interest method, based on the estimated or contractual lives of the related loans. Amortization periods are periodically adjusted for estimated loan prepayments. Annual fees on credit cards, net of direct lending costs, are deferred and amortized on a straight-line basis over one year. Nonrefundable fees related to lending activities other than direct loan origination are recognized in other revenues over the period in which the related service is provided. This includes fees associated with loan commitments, revolving credit facilities, standby letters of credit, loan syndication and other transaction-based fees. Loan syndication fees received for managing a syndication and other transaction-based fees are recognized at the point in time the transaction occurs. Fees associated with loan commitments, revolving credit facilities and standby letters of credit are recognized on a straight-line basis over the period the service is performed. In the event a loan commitment or standby letter of credit is exercised, the remaining unamortized fee is recognized as an adjustment to yield over the loan term. For additional information, as well as a full discussion of how revenue associated with all of our various fee-based activities is recognized, see Note 23, "Fee Income from Contracts with Customers." Beginning January 1, 2023, new loan modifications are no longer required to be evaluated to determine if they should be separately identified and accounted for as troubled debt restructurings ("TDR Loans"). Prior to January 1, 2023, TDR Loans represented loans for which the original contractual terms were modified to provide for terms that were less than what we would have been willing to accept for new loans with comparable risk because of deterioration in the borrower's financial condition. Interest on TDR Loans was recognized when collection was reasonably assured. Modifications that resulted in TDR Loans may have included changes to one or more terms of the loan, including but not limited to, a change in interest rate, extension of the term, reduction in payment amount and partial forgiveness or deferment of principal, accrued interest or other loan covenants. For reserving purposes, prior to January 1, 2023, we also identified loans that we reasonably expected to become TDR Loans. See under the heading "Allowance for Credit Losses" below for further discussion. Allowance for Credit Losses An allowance for credit losses is recognized based on lifetime expected credit losses ("ECL") for loans, securities held-to-maturity and certain other financial assets measured at amortized cost, and an allowance for credit losses is also recognized for securities available-for-sale. In addition, a liability for off-balance sheet credit exposures is recognized based on lifetime ECL. Expected recoveries of amounts previously written off, limited to the cumulative amount of prior write-offs, are also considered when estimating the allowance for credit losses for in scope financial assets (including collateral-dependent assets). We maintain an allowance for credit losses that is, in the judgment of management, adequate to absorb estimated lifetime ECL for loans and other financial assets measured at amortized cost. The adequacy of the allowance for credit losses is assessed in accordance with generally accepted accounting principles and is based, in part, upon an evaluation of various factors including: •an analysis of individual exposures where applicable; •current and historical loss experience; •changes in the overall size and composition of the portfolio; •specific adverse situations; and •general and forecasted economic conditions. Allowance for credit loss estimates are reviewed periodically and adjustments are recognized in the provision for credit losses during the period they become known. Because our estimates of the allowance for credit losses involve management judgment and are influenced by factors outside of our control, there is uncertainty inherent in these estimates. Measurement of ECL Estimates The recognition and measurement of lifetime ECL is highly complex and involves the use of significant judgment and estimation. Multiple forward-looking economic forecasts are formulated and incorporated into the lifetime ECL calculations when estimating the allowance for credit losses for in scope financial assets and the liability for off-balance sheet credit exposures as discussed below under Calculation of Lifetime ECL. We utilize a standard framework to form economic scenarios to reflect assumptions about future economic conditions supplemented by the use of management judgment, which may result in using alternative or additional economic scenarios and/or management adjustments. Methodology We utilize a minimum of four forward-looking economic scenarios, representative of management's view of forecasted economic conditions, sufficient to calculate unbiased expected loss in most economic environments. Three of the scenarios are termed the "Consensus Economic Scenarios" which include a 'most likely outcome' (the "Central scenario") and two less likely 'outer' scenarios, referred to as the "Upside scenario" and the "Downside scenario." The fourth scenario, referred to as the "Alternative Downside scenario," is designed to consider severe downside risks with more extreme economic outcomes. Each scenario is assigned a weighting deemed appropriate for the estimation of lifetime ECL, with the majority of the weighting typically placed on the Central scenario. At management's discretion, changes may be made to the weighting assigned to the four scenarios or additional scenarios may be included in order to consider current economic conditions. See Note 8, "Allowance for Credit Losses," for further discussion. Key Central scenario assumptions as further discussed below are set using the average of forecasts of external economists, helping to ensure the scenarios are unbiased and maximize the use of independent information, except when in management's judgment these scenarios may not adequately reflect the impact of recent events and it is believed not to be representative of the current economic environment. We have determined that two years is a reasonable and supportable forecast period for the scenarios. At the end of the two-year reasonable and supportable forecast period, assumption variables revert to their 20-year average of historical values on a linear basis over a three-year reversion period. For the Central scenario, we set key assumptions such as Gross Domestic Product ("GDP") growth, inflation, unemployment, house price growth, U.S. Treasury yields, equity price growth, short-term interest rates and oil price using either the average of external forecasts (commonly referred to as consensus forecasts) or market implied rates. An external provider's model, conditioned to follow the consensus forecasts for the above key assumption variables, projects the remaining variable paths required as inputs to credit models. This external provider is subject to our risk governance framework, including oversight by an internal Model Risk Management function. The Upside and Downside scenarios are designed to be cyclical and are constructed following a standard process supported by a scenario narrative reflecting our top and emerging economic risks and by consulting external and internal subject matter experts. We determine the maximum divergence of GDP growth from the Central scenario using the 10th and the 90th percentile of the entire distribution of consensus forecast outcomes. Using externally available forecast distributions ensures independence in scenario construction. The Alternative Downside scenario is constructed to represent management's view of severe downside risks. It is supported by a scenario narrative that explores more extreme economic outcomes than those captured by the Consensus Economic Scenarios. Key economic variables in the Upside, Downside and Alternative Downside scenarios are set with reference to external distributional forecasts and we project additional variable paths using the external provider's model. We update our three Consensus Economic Scenarios and our Alternative Downside Scenario every quarter. See Note 8, "Allowance for Credit Losses," for further discussion summarizing the key macroeconomic variable forecasts used in our economic scenarios as well as a discussion of updates to the economic scenarios and other changes during 2023. We exclude from our lifetime ECL calculation financial assets for which we expect that non-payment of the amortized cost basis will be zero ("Zero Expected Credit Loss Exception"). As a result, no allowance for credit losses is recorded for these financial assets. We have identified the following types of financial assets which we believe qualify for this exclusion: •U.S. Treasury securities; •U.S. Government agency issued or guaranteed securities; •U.S. Government sponsored enterprises securities; •G10 sovereign foreign debt securities; •Interest bearing deposits held with the Federal Reserve Bank; and •Loans guaranteed by a U.S. Government agency or U.S. Government sponsored enterprise. We also exclude from our lifetime ECL calculation financial assets which are secured by collateral maintenance provisions (e.g., the borrower is contractually required to adjust the amount of financial collateral securing the financial asset) if such collateral meets liquidity requirements. In most circumstances subject to such requirements, collateral exceeds our amortized cost basis and no allowance for credit losses is recorded for these financial assets, consisting of the substantial majority of our securities purchased under agreements to resell as well as substantially all of our margin loans provided to our private banking customers. In addition, loans to other HSBC affiliated entities are exempt from ECL measurement. Calculation of Lifetime ECL Commercial loans Commercial loans are monitored on a continuous basis with a formal assessment completed, at a minimum, annually. As part of this process, a credit rating is assigned and a loss given default ("LGD") is estimated and serve as the basis for establishing an allowance for these loans' expected balance at default ("EAD") based on a probability of default ("PD") estimate associated with each credit rating under our Wholesale Credit Risk Policy. In assigning the credit ratings to a particular loan, among the risk factors considered are the obligor's debt capacity and financial position, the level of earnings, the amount and sources for repayment, the level of contingencies, management strength and the industry or geography in which the obligor operates. We utilize a consistent methodology for the application of forward economic guidance ("FEG") into the calculation of lifetime ECL by incorporating FEG into the estimation of the term structure of PD and LGD. For PDs, we consider the correlation of FEG to default rates for a particular industry. For LGDs, we consider the correlation of FEG to collateral values and realization rates for a particular industry and if applicable, country, which is adjusted for recoveries. Our PD estimates are validated on an annual basis using back-testing of actual default rates and benchmarking of the internal ratings with external rating agency data like Standard and Poor's ("S&P") ratings and default rates. PDs and LGDs are estimated for the entire term structure of the loan. Credit Review, a function independent of the business, provides an on-going assessment of lending activities that includes independently assessing credit ratings and LGD estimates for sampled credits across various portfolios. Loans with similar risk characteristics are pooled for determining lifetime ECL. When it is deemed probable based upon known facts and circumstances that full interest and principal on an individual loan will not be collected in accordance with its contractual terms, in general the loan is no longer considered part of the collective pool of homogeneous loans against which lifetime ECL are established. Instead, an allowance for credit losses is established on an individual basis ("individually assessed") based on the present value of expected future cash flows, discounted at the loan's original effective interest rate (or, beginning January 1, 2023, the post-modification effective interest rate for loans for which the original contractual terms have been modified), or the fair value of the collateral if the loan is collateral dependent. Individually assessed loans are evaluated quarterly. Generally, loans that are placed on non-accrual are removed from a collective pool and individually assessed. In addition, the allowance for credit losses reflects management judgment of risk factors that may not be fully reflected in the lifetime ECL generated by our models. In making this determination, we consider the characteristics of our portfolio and any other significant factors that are relevant. Factors that are relevant to determining the expected collectability of our loan portfolio include, but are not limited to, the volume and severity of past due loans, the volume and severity of adversely classified or rated loans, the underlying collateral on loans that are not collateral dependent, lending policies and procedures including changes in lending strategies, underwriting standards or collection and recovery practices as well as the obligor's operations, environmental factors of an obligor and the areas in which our credit exposure is concentrated, changes and expected changes in the general market condition of either a geographical area or an industry, and changes in international, national, regional, and local economic and business conditions. For loans which were previously identified as TDR Loans, including loans which we reasonably expected to become TDR Loans, judgment was used as to whether or not we expected full repayment of principal and interest. If full repayment was expected, the loan remained in a collective pool of homogeneous loans for determining lifetime ECL. When full repayment of principal and interest was not expected or when we anticipated offering payment concessions, the loan was removed from the pool and individually assessed. If a commercial TDR Loan subsequently performed in accordance with the new terms and the loan was upgraded, the loan may have no longer been reported as a TDR Loan at the earliest one year after the restructure had been anticipated. Subsequent to January 1, 2023, new TDR Loans are no longer required to be identified while the accounting for our remaining population of TDR Loans did not materially change. Consumer loans For pools of homogeneous consumer loans and certain small business loans, we estimate lifetime ECL using a framework based on PD, LGD and EAD that estimates the likelihood that a loan will progress through the various stages of delinquency and ultimately charge-off based upon a forward-looking view of macroeconomic expectations that impact a lifetime ECL and historical experience. The impact of FEG on PD is modeled at the loan or segment level depending on the portfolio. Historic relationships between observed default rates and macroeconomic variables are integrated into lifetime ECL estimates by leveraging economic response models. The impact of FEG on PD is modeled over a period equal to the remaining maturity of the underlying loans. The impact on LGD is modeled for mortgage portfolios by forecasting future loan-to-value ("LTV") profiles for the remaining maturity of the loans by leveraging national forecasts of the House Price Index ("HPI") and applying the corresponding LGD expectation. The models consider delinquency status, loss experience and severity, and take into account where borrowers have historically filed for bankruptcy or have been subject to account management actions, such as the re-age or modification of accounts. Expected loss severity is based on the underlying collateral, if any, for the loan in the event of default based on historical and recent trends which are updated periodically based on a rolling average of several months' data using the most recently available information and is typically in the range of 20-40 percent for residential mortgages. The lifetime ECL recognized for consumer loans considers the effect on lifetime ECL over a range of potential outcomes, calculated on a probability-weighted basis, based on the economic scenarios described above, including management judgment where required. Management judgment reflects consideration of risk factors that may not be fully reflected in the lifetime ECL generated by our models. In making this determination, we consider the characteristics of our portfolio and any other significant factors that are relevant. Factors that are relevant to determining the expected collectability of our consumer loan portfolio include, but are not limited to, changes in risk selection or underwriting standards, changes in collection, account management, charge-off and recovery practices, changes in loan concentrations affecting either the frequency or severity of losses, and changes in economic conditions. For loans which were previously identified as TDR Loans, including loans which we reasonably expected to become TDR Loans, an allowance for credit losses was maintained based on the present value of expected future cash flows, discounted at the loan's original effective interest rate, or the fair value of the collateral if the loan was collateral dependent. Once a loan was classified as a TDR Loan, it continued to be reported as such until it was paid off or charged-off. Subsequent to January 1, 2023, new TDR Loans are no longer required to be identified while the accounting for our remaining population of TDR Loans did not materially change. Off-balance sheet credit exposures A separate liability for off-balance sheet credit exposures is also maintained, which is recorded in interest, taxes and other liabilities on the consolidated balance sheet and includes estimated lifetime ECL arising from off-balance sheet exposures such as letters of credit and unused commitments to extend credit. The process for measuring lifetime ECL on these exposures is consistent with that for commercial or consumer loans discussed above as applicable, but is subject to an additional parameter reflecting the likelihood that funding will occur. No lifetime ECL is recognized for off-balance sheet credit exposures that are unconditionally cancellable by us such as unused credit card lines. Securities held-to-maturity Due to the composition of our portfolio of securities held-to-maturity, substantially all of our portfolio qualifies for the Zero Expected Credit Loss Exception and has been excluded from our lifetime ECL calculation. Our methodology for calculating lifetime ECL for our securities held-to-maturity which do not qualify for the Zero Expected Credit Loss Exception is consistent with our methodology for calculating lifetime ECL for loans discussed above, including the use of probability-weighted scenarios, forward economic guidance and key model inputs. We calculate lifetime ECL for securities held-for-maturity based on the present value of expected future cash flows, discounted using the contractual interest rate which approximates the effective interest rate. Securities available-for-sale On a quarterly basis, we perform an assessment to determine whether there have been any events or economic circumstances to indicate that a debt security available-for-sale in an unrealized loss position has suffered impairment due to credit factors. A debt security available-for-sale is considered impaired if its fair value is less than its amortized cost basis at the reporting date. If impaired, we assess whether the impairment is due to credit factors. If we intend to sell the debt security or if it is more-likely-than-not that we will be required to sell the debt security before the recovery of its amortized cost basis, the impairment is recognized and the unrealized loss is recorded as a direct write-down of the security's amortized cost basis with an offsetting charge to earnings. If we do not intend to sell the debt security or believe we will not be required to sell the debt security before the recovery of its amortized cost basis, the impairment is assessed to determine if a credit loss component exists. We use a discounted cash flow method to determine the credit loss component. In the event a credit loss exists, an allowance for credit losses is recorded in earnings for the credit loss component of the impairment while the remaining portion of the impairment attributable to factors other than credit loss is recognized, net of tax, in other comprehensive income (loss). The amount of impairment recognized due to credit factors is limited to the excess of the amortized cost basis over the fair value of the security available-for-sale. Charge-Off and Nonaccrual Policies and Practices Our charge-off and nonaccrual policies differ by product and are summarized below:
(1)Values are determined based upon broker price opinions or appraisals which are updated at least every 180 days less estimated costs to sell. During the quarterly period between updates, real estate price trends are reviewed on a geographic basis and additional downward adjustments are recorded as necessary. Fair values of foreclosed properties at the time of acquisition are initially determined based upon broker price opinions. Subsequent to acquisition, a more detailed property valuation is performed, reflecting information obtained from a walk-through of the property in the form of a listing agent broker price opinion as well as an independent broker price opinion or appraisal. A valuation is determined from this information within 90 days and any additional write-downs required are recorded through charge-off at that time. In determining the appropriate amounts to charge-off when a property is acquired in exchange for a loan, we do not consider losses on sales of foreclosed properties resulting from deterioration in value during the period the collateral is held because these losses result from future loss events which cannot be considered in determining the fair value of the collateral at the acquisition date. (2)Charge-offs involving a bankruptcy for credit card receivables occurs by the end of the month, 60 days after notification or 180 days contractually delinquent, whichever comes first. Due to the composition of our debt securities portfolio, a substantial majority of which comprises U.S. Government securities, we typically do not charge them off or place them on nonaccrual status. Delinquency status for loans is determined using the contractual method which is based on the status of payments under the loan. An account is generally considered to be contractually delinquent when payments have not been made in accordance with the loan terms. Delinquency status may be affected by customer account management policies and practices such as the restructure, re-age or modification of accounts. Payments received on commercial nonaccrual loans are generally applied to reduce the principal balance of such loans. For consumer nonaccrual loans, payments are generally applied first to reduce the current interest on the earliest payment due with any remainder applied to reduce the principal balance associated with that payment date. Loans Held for Sale Loans are classified as held for sale when they are not expected to be held for the foreseeable future because of management's lack of intent to hold. With the exception of certain loans for which the fair value option has been elected and are further discussed in Note 17, "Fair Value Option," loans classified as held for sale are recorded at the lower of amortized cost or estimated fair value, which is not in excess of their carrying value at the time of designation. Consumer loans are valued on an aggregate portfolio basis while commercial loans are generally valued on an individual loan basis. Periodic adjustments to fair value are recognized in other income (loss) in the consolidated statement of income. For loans other than those classified as nonaccrual, interest income is determined by applying each loan's contractual rate to the loan's outstanding customer balance, exclusive of unearned income, deferred fees, deferred costs, premium and discount. Transfers of Financial Assets Transfers of financial assets in which we have surrendered control over the transferred assets are accounted for as sales. In assessing whether control has been surrendered, we consider whether the transferee would be a consolidated affiliate, the existence and extent of any continuing involvement in the transferred financial assets and the impact of all arrangements or agreements made contemporaneously with, or in contemplation of, the transfer, even if they were not entered into at the time of transfer. If the sale criteria are met, the transferred financial assets are removed from our balance sheet and a gain or loss on sale is recognized. If the sale criteria are not met, the transfer is recorded as a secured borrowing in which the assets remain on our balance sheet and the proceeds from the transaction are recognized as a liability. For the majority of financial asset transfers, it is clear whether or not we have surrendered control. For other transfers, such as in connection with complex transactions or where we have continuing involvement such as servicing responsibilities, we generally obtain a legal opinion as part of evaluating whether the transfer results in a sale. Properties and Equipment, Net Properties and equipment are recorded at cost, net of accumulated depreciation. Depreciation is recorded on a straight-line basis over the estimated useful lives of the related assets, which generally range from 3 to 40 years. Leasehold improvements are depreciated over the shorter of the useful life of the improvement or the term of the lease. The costs of maintenance and repairs are expensed as incurred. Impairment testing is performed whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Leases Lease right-of-use ("ROU") assets and lease liabilities for operating leases are recognized at commencement date based on the present value of lease payments over the lease term, discounted using our incremental borrowing rate at the effective commencement date of each lease. Operating lease ROU assets are recorded in other assets while operating lease liabilities are recorded in interest, taxes and other liabilities. We are not currently a lessee under any finance leases. Options to renew or terminate the lease are recognized as part of our ROU assets and liabilities when it is reasonably certain the options will be exercised. We have lease agreements that contain both lease and non-lease components, such as maintenance costs, which are accounted for separately. Operating lease expense for fixed lease payments is recognized on a straight-line basis over the lease term. Variable lease payments for real estate taxes, insurance, maintenance and utilities, which are generally based on our pro rata share of the total property, are not included in the measurement of the ROU assets or lease liabilities and are expensed as incurred. In addition, we do not recognize ROU assets or lease liabilities with a term of 12 months or less, which are also expensed as incurred. Goodwill and Other Long-Lived Assets Goodwill, representing the excess of purchase price over the fair value of identifiable net assets acquired, results from business combinations. Goodwill is not amortized, but is reviewed for impairment at a minimum on an annual basis at the reporting unit level using discounted cash flow and market approaches. The market approach focuses on valuation multiples for reasonably similar publicly traded companies and also considers recent market transactions, while the discounted cash flows method utilizes cash flow estimates based on recent internal forecasts and discount rates that we believe adequately reflect the risk and uncertainty in our internal forecasts and are appropriate based on the implicit market rates in current comparable transactions. Impairment is reviewed as of an interim date if circumstances indicate that it is more likely than not that the carrying amount of a reporting unit is above fair value. The carrying amount of a reporting unit is determined on the basis of capital invested in the unit including attributable goodwill. We determine the invested capital of a reporting unit by applying to the reporting unit's risk-weighted assets a capital charge consistent with the targets assigned and monitored through our capital management monitoring framework, and additionally, allocating to each reporting unit the remaining carrying amount of HUSI's net assets. Accordingly, the entire carrying amount of HUSI's net assets is allocated to our reporting units. Reporting units were identified based upon an analysis of each of our individual operating segments. A reporting unit is defined as an operating segment or any distinct, separately identifiable component one level below an operating segment for which complete, discrete financial information is available that management regularly reviews. We consider significant and long-term changes in industry and economic conditions to be examples of primary indicators of potential impairment. We have established October 1 of each year as the date for conducting our annual goodwill impairment assessment. Goodwill impairment is measured and an impairment charge is recorded at the amount by which a reporting unit's carrying amount, including allocated goodwill, exceeds its fair value. Any impairment charge recognized is limited to the carrying amount of goodwill assigned to a reporting unit. Subsequent reversals of goodwill impairments are not permitted. As of December 31, 2023 and 2022, all of our goodwill is allocated to our Commercial Banking reporting unit. In addition, we generally conduct impairment tests of capitalized software and other long-lived assets at the reporting unit level when events or circumstances indicate their carrying amount may not be recoverable. If impairment testing is required, long-lived assets are grouped at the lowest level for which there are identifiable cash flows. If the estimated undiscounted cash flows of the long-lived asset group exceed its carrying amount, an impairment is not recognized. However, if the estimated undiscounted cash flows are less than the carrying amount of the long-lived asset group, a second step is performed to determine fair value and an impairment loss is required if the carrying amount of the long-lived asset group exceeds fair value. Impairment losses are not reversible. Fair value calculations when required are consistent with the methodology used to determine fair value for goodwill impairment. Repossessed Collateral Non-financial collateral acquired in satisfaction of a loan is initially recognized at the collateral's fair value less estimated costs to sell and is reported in other assets. Any subsequent declines in fair value less estimated costs to sell are recorded through a valuation allowance. Recoveries in fair value less estimated costs to sell are recognized as a reduction of the valuation allowance but not in excess of cumulative losses previously recognized subsequent to the date of repossession. Adjustments to the valuation allowance, costs of holding repossessed collateral, and any gain or loss on disposition are credited or charged to operating expense. Collateral We pledge assets as collateral as required for various transactions involving security repurchase agreements, public deposits, derivative financial instruments, short-term borrowings and long-term borrowings. Non-cash assets that have been pledged as collateral, including those that can be sold or repledged by the secured party, continue to be reported on our consolidated balance sheet. We also accept collateral, primarily as part of various transactions involving security resale agreements. Non-cash collateral accepted by us, including collateral that we can sell or re-pledge, is excluded from our consolidated balance sheet. If we resell the collateral, we recognize the proceeds and a liability to return the collateral. The market value of collateral we have accepted or pledged is regularly monitored and additional collateral is obtained or provided as necessary to ensure appropriate collateral coverage in these transactions. Derivative Financial Instruments Derivative financial instruments are recognized on the consolidated balance sheet at fair value. On the date a derivative contract is entered into, we designate it as either: •a qualifying hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (fair value hedge); •a qualifying hedge of the variability of cash flows to be received or paid related to a recognized asset, liability or forecasted transaction (cash flow hedge); or •a trading instrument or a non-qualifying (economic) hedge. Changes in the fair value of a derivative designated as a fair value hedge, along with the changes in the fair value of the hedged asset or liability that is attributable to the hedged risk (including losses or gains on firm commitments), are recorded in current period earnings. Changes in the fair value of a derivative that has been designated as a cash flow hedge are recorded in accumulated other comprehensive loss, net of income taxes, and reclassified into earnings in the period during which the hedged item affects earnings. Changes in the fair value of derivatives held for trading purposes or which do not qualify for hedge accounting are reported in current period earnings. At the inception of each designated qualifying hedge, we formally document all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking various hedge transactions, the nature of the hedged risk, and how hedge effectiveness will be assessed. This process includes linking all derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. We also formally assess both at inception and on a quarterly basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items and whether they are expected to continue to be highly effective in future periods. This assessment is conducted using statistical regression analysis. Earnings volatility may result from the on-going mark to market of certain economically viable derivative contracts that do not satisfy the hedging requirements in accordance with U.S. GAAP as well as from the hedge ineffectiveness associated with the qualifying hedges. Embedded Derivatives We may acquire or originate a financial instrument that contains a derivative instrument embedded within it. Upon origination or acquisition of any such instrument, we assess whether the economic characteristics of the embedded derivative are clearly and closely related to the economic characteristics of the principal component of the financial instrument (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When we determine that: (1) the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract; and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is either separated from the host contract (bifurcated), carried at fair value, and designated as a trading instrument or the entire financial instrument is carried at fair value with all changes in fair value recorded to current period earnings. If bifurcation is elected, the consideration for the hybrid financial instrument that is allocated to the bifurcated derivative reduces the consideration that is allocated to the host contract with the difference being recognized over the life of the financial instrument. Hedge Discontinuation We discontinue hedge accounting prospectively when: •the derivative is no longer effective or expected to be effective in offsetting changes in the fair value or cash flows of a hedged item (including firm commitments or forecasted transactions) related to the designated risk; •the derivative expires or is sold, terminated, or exercised; •it is unlikely that a forecasted transaction will occur; •the hedged firm commitment no longer meets the definition of a firm commitment; or •the designation of the derivative as a hedging instrument is no longer appropriate. When hedge accounting is discontinued because it is determined that the derivative no longer qualifies as an effective fair value or cash flow hedge, the hedging relationship will cease. The hedging instrument will continue to be carried on the balance sheet at fair value, with changes in fair value recognized in current period earnings. In the case of a discontinued fair value hedge of a recognized asset or liability, as long as the hedged item continues to exist on the balance sheet, the hedged item will no longer be adjusted for changes in fair value attributable to the hedged risk. The basis adjustment that had previously been recorded to the hedged item during the period from the hedge designation date to the hedge discontinuation date is recognized as an adjustment to the yield of the hedged item over the remaining life of the hedged item. In the case of a discontinued cash flow hedge of a recognized asset or liability, as long as the hedged item continues to exist on the balance sheet, further changes in fair value of the hedging derivative will no longer be recorded in other comprehensive income (loss). The balance applicable to the discontinued hedging relationship will be recognized in earnings over the remaining life of the hedged item as an adjustment to yield. If the discontinued hedged item was a forecasted transaction where it is probable the forecasted transaction will not occur at the end of the original specified time period or within an additional two-month period thereafter, any amounts recorded in accumulated other comprehensive loss are immediately reclassified to current period earnings. In the case of a cash flow hedge, if the previously hedged item is sold or extinguished, the basis adjustment to the underlying asset or liability or any remaining unamortized accumulated other comprehensive loss balance will be reclassified to current period earnings. In all other situations in which hedge accounting is discontinued, the derivative will be carried at fair value on the consolidated balance sheet, with changes in its fair value recognized in current period earnings unless redesignated in a qualifying cash flow hedge. Interest Rate Lock Commitments We enter into commitments to originate residential mortgage loans whereby the interest rate on the loan is set prior to funding (rate lock commitments). The interest rate lock commitments on residential mortgage loans that are classified as held for sale are considered to be derivatives and are recorded at fair value in other assets or other liabilities in the consolidated balance sheet. Changes in fair value are recorded as a component of other income (loss) in the consolidated statement of income. Share-Based Compensation We use the fair value based method of accounting for awards of HSBC stock granted to employees under various restricted share and employee stock purchase plans. Stock compensation costs are recognized prospectively for all new awards granted under these plans. Compensation expense relating to restricted share awards is based upon the fair value on the date of grant and is charged to earnings over the requisite service period (e.g., vesting period), less estimated forfeitures. When modeling awards with vesting that is dependent on performance conditions, these performance conditions are incorporated into the model using Monte Carlo simulation. The expected life of these awards depends on the behavior of the award holders, which is incorporated into the model consistent with historical observable data. All excess tax benefits and tax deficiencies for share-based payment awards are recorded within income tax expense in the consolidated statement of income. Pension and Other Postretirement Benefits We recognize the funded status of the postretirement benefit plans on the consolidated balance sheet. Net postretirement benefit cost charged to current earnings related to these plans is based on various actuarial assumptions regarding expected future experience. Certain employees are participants in various defined contribution, defined benefit and other supplemental retirement plans sponsored by HSBC North America. Our portion of the expense related to these plans is allocated to us and charged to current earnings. Substantially all of our employees participate in a 401(k) plan. Employer contributions to the plan, which are charged to current earnings, are based on employee contributions. Income Taxes HSBC USA is included in HSBC North America's consolidated Federal income tax return and in various combined State income tax returns. As such, we have entered into a tax allocation agreement with HSBC North America and its subsidiary entities (the "HNAH Group") which governs the current amount of taxes to be paid or received by the various entities included in the consolidated return filings. Generally, such agreements allocate taxes to members of the HNAH Group based on the calculation of tax on a separate return basis, adjusted for the utilization or limitation of credits of the consolidated group. To the extent all the tax attributes available cannot be currently utilized by the consolidated group, the proportionate share of the utilized attribute is allocated based on each affiliate's percentage of the available attribute computed in a manner that is consistent with the taxing jurisdiction's laws and regulations regarding the ordering of utilization. In addition, we file some separate company State tax returns. We recognize deferred tax assets and liabilities for the future tax consequences related to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for Federal and State net operating losses. Deferred tax assets and liabilities are measured using the enacted tax rates and laws that will be in effect when the deferred tax items are expected to be realized. If applicable, valuation allowances are recorded to reduce deferred tax assets for amounts we conclude are more likely than not to be unrealized. Since we are included in HSBC North America's consolidated Federal tax return and various combined State tax returns, the related evaluation of the recoverability of the deferred tax assets is performed at the HSBC North America consolidated level. We consider the HNAH Group's consolidated deferred tax assets and various sources of taxable income in reaching conclusions on recoverability of deferred tax assets. The HNAH Group evaluates deferred tax assets for recoverability using a consistent approach which considers the relative impact of negative and positive evidence, including historical financial performance, projections of future taxable income, expectations of future corporate alternative minimum tax and any resulting credit carryforwards, future reversals of existing taxable temporary differences, tax planning strategies and any available carryback capacity. In evaluating the need for a valuation allowance, the HNAH Group estimates future taxable income based on objective and verifiable management forecasts. This process involves significant management judgment about assumptions that are subject to change from period to period. Where a valuation allowance is determined to be necessary at the HSBC North America consolidated level, such allowance is allocated to principal subsidiaries within the HNAH Group in a manner that is systematic, rational and consistent with the broad principles of accounting for income taxes. The methodology generally allocates the valuation allowance to the principal subsidiaries based primarily on the entity's relative contribution to the HNAH Group's consolidated deferred tax asset against which the valuation allowance is being recorded. Further evaluation is performed at the HSBC USA legal entity level to evaluate the need for a valuation allowance where we file separate company State income tax returns. Foreign taxes paid are applied as credits to reduce Federal income taxes payable, to the extent that such credits can be utilized. We recognize accrued interest related to uncertain tax positions in interest expense in the consolidated statement of income and recognize penalties, if any, related to uncertain tax positions as a component of other expenses in the consolidated statement of income. Transactions with Related Parties In the normal course of business, we enter into transactions with HSBC and its subsidiaries. These transactions occur at prevailing market rates and terms and include funding arrangements, derivatives, servicing arrangements, information technology, centralized support services, banking and other miscellaneous services. New Accounting Pronouncements The following new accounting pronouncement was adopted during 2023:
The following are new accounting pronouncements issued by the Financial Accounting Standards Board which will be adopted in future periods:
There have been no additional accounting pronouncements issued that are expected to have a material impact on our consolidated financial statements.
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Strategic Initiatives |
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Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Strategic Initiatives | Strategic Initiatives In 2020, we announced a multi-year strategic plan to restructure our operations ("Restructuring Plan") in alignment with HSBC’s global strategy, to refocus our wholesale operations to better serve our international corporate clients and restructure our retail operations to better meet the needs of globally mobile and affluent clients. Our Restructuring Plan also included streamlining our functional and operations support model by removing duplication, reducing the size of our balance sheet to better align with the scope and scale of the U.S. opportunity and investing in systems infrastructure and new technologies. As discussed further in Note 4, "Sale of Certain Branch Assets and Liabilities," during 2021, we also made the decision to exit our mass market retail banking business, including the sale or closure of certain branches. We completed our Restructuring Plan over the three-year period of 2020-2022 and will no longer incur costs related to this plan. In 2022, we completed the simplification of our support service functions, our planned investments in systems infrastructure and new technologies, and the sale of the branch disposal group associated with the exit of our mass market retail banking business. In 2021, we completed the consolidation of our wholesale and retail middle and back office functions, each under a single operations structure, as well as the exit of certain derivative contracts and the transfer of interest rate derivative contracts associated with Fixed Income activities to HSBC Bank plc. During 2022 and 2021, we recorded $190 million and $289 million, respectively, of pre-tax charges in connection with our Restructuring Plan. The following table summarizes the changes in the liability associated with our Restructuring Plan during 2022 and 2021:
(1)Severance and other employee costs are included in salaries and employee benefits in the consolidated statement of income. The majority of these costs were reported in the Wealth and Personal Banking business segment. Not included in these costs are allocated severance costs from HSBC Technology & Services (USA) Inc. ("HTSU") discussed further below. (2)Primarily includes real estate taxes, service charges and decommissioning costs. Lease termination and associated costs are included in occupancy expense, net in the consolidated statement of income and were reported in the Wealth and Personal Banking and the Corporate Center business segments. (3)Primarily includes professional fees and other staff costs, which are included in other expenses in the consolidated statement of income. The majority of these costs were reported in the Wealth and Personal Banking business segment. (4)At December 31, 2023, our remaining liability associated with our Restructuring Plan totaled $15 million. In addition to the restructuring costs reflected in the rollforward table above, during 2022, we recorded impairment charges of $10 million to write-down the lease ROU assets and leasehold improvement assets associated with certain office space that we determined we would exit. During 2022, we also recorded an impairment charge of $3 million to write-off certain capitalized software. During the second quarter of 2021, as part of our decision to exit our mass market retail banking business, we determined that we would exit approximately 30 branches. As a result, we recorded impairment charges during 2021 to write-off the assets associated with these branches, including $29 million of lease ROU assets, $18 million of leasehold improvement assets and $3 million of equipment assets. During 2021, we also recorded impairment charges of $40 million to write-down the lease ROU assets and leasehold improvement assets primarily associated with certain office space that we determined we would exit and $13 million to write-down one of our owned office space properties to fair value upon transferring it to held for sale. Lease impairment charges are reflected in occupancy expense, net in the consolidated statement of income and were reported in the Wealth and Personal Banking and the Corporate Center business segments. In addition, during 2021 we recorded $35 million of trading losses associated with the exit of certain derivative contracts as part of our Restructuring Plan. These losses are included in in the consolidated statement of income and were reported in the Markets and Securities Services and the Corporate Center business segments. Our Restructuring Plan also resulted in costs being allocated to us from HTSU, primarily support service project costs and severance costs, which are reflected in support services from HSBC affiliates in the consolidated statement of income. During 2022 and 2021, we recorded $124 million and $86 million, respectively, of allocated costs from HTSU related to restructuring activities. These costs were reported in the Corporate Center business segment. HSBC Group Restructuring Separate from the charges related to our Restructuring Plan as detailed above, during 2022 and 2021, we also recorded $131 million and $53 million, respectively, of allocated costs from other HSBC affiliates related to the HSBC Group's restructuring activities, primarily support service project costs and severance costs. These costs are reflected in support services from HSBC affiliates in the consolidated statement of income and were reported in the Corporate Center business segment.
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Sale of Certain Branch Assets and Liabilities |
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Dec. 31, 2023 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Sale of Certain Branch Assets and Liabilities | Sale of Certain Branch Assets and Liabilities In 2021, as part of our Restructuring Plan we announced that we would exit our mass market retail banking business, including our Personal and Advance propositions as well as retail business banking. In conjunction with the execution of this strategy, our Wealth and Personal Banking business segment entered into definitive sale agreements with third parties to sell 90 of our retail branches along with substantially all residential mortgage, unsecured and retail business banking loans and deposits in our branch network not associated with our Premier, Jade and Private Banking customers. As a result, assets and liabilities related to these sale agreements were transferred to held for sale. Income before tax of this disposal group was not material. In February 2022, we completed the sale of the branch disposal group. As a result, during 2022, we recognized a gain on sale of $113 million, net of transaction costs. Included in the sale was approximately $2,148 million of loans, $45 million of properties and equipment, $16 million of cash, $6,919 million of deposits, $145 million of lease liabilities and $6 million of other liabilities. Certain assets under management associated with our mass market retail banking operations which are managed by an affiliate were also transferred to one of the buyers. In addition, we have rebranded 22 of our retail branches into international wealth centers and the remaining branches not sold or rebranded have been closed. Mass market retail banking loans not included in the transaction described above were also transferred to held for sale in 2021 as we did not intend to hold these loans for the foreseeable future. These loans have since been sold or transferred back to held for investment. See Note 9, "Loans Held for Sale," for additional details. Releases of the allowance for credit losses on the loans transferred to held for sale discussed above resulted in a reduction to the provision for credit losses of approximately $101 million ($100 million of which related to consumer loans) during the second quarter of 2021. See Note 8, "Allowance for Credit Losses," for additional details.
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Trading Assets and Liabilities |
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Trading Assets And Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading Assets and Liabilities | Trading Assets and Liabilities Trading assets and liabilities consisted of the following:
(1)The decrease in precious metals at December 31, 2023 includes the impact of the transfer of a portion of our precious metals inventory with a fair value of approximately $0.9 billion to HSBC Bank plc during the third quarter of 2023. See Note 24, "Related Party Transactions," for additional information. At December 31, 2023 and 2022, the fair value of derivatives included in trading assets is net of $1,416 million and $2,653 million, respectively, relating to amounts recognized for the obligation to return cash collateral received under master netting agreements with derivative counterparties. At December 31, 2023 and 2022, the fair value of derivatives included in trading liabilities is net of $1,321 million and $1,180 million, respectively, relating to amounts recognized for the right to reclaim cash collateral paid under master netting agreements with derivative counterparties. See Note 16, "Derivative Financial Instruments," for further information on our trading derivatives and related collateral. Dividend income on equity securities held for trading, which is recorded in interest income in the consolidated statement of income, totaled $159 million, $165 million and $157 million in 2023, 2022 and 2021, respectively. Trading security positions are primarily held as economic hedges of derivative products issued to our clients.
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Securities |
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Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities | Securities Our securities available-for-sale and securities held-to-maturity portfolios consisted of the following:
(1)Foreign debt securities represent public sector entity, bank or corporate debt. Securities Available-for-Sale The following provides additional information about our portfolio of securities available-for-sale: Allowance for credit losses On a quarterly basis, we perform an assessment to determine whether there have been any events or economic circumstances to indicate that a debt security available-for-sale in an unrealized loss position has suffered impairment due to credit factors. A debt security available-for-sale is considered impaired if its fair value is less than its amortized cost basis at the reporting date. If impaired, we assess whether the impairment is due to credit factors. If we intend to sell the debt security or if it is more-likely-than-not that we will be required to sell the debt security before the recovery of its amortized cost basis, the impairment is recognized and the unrealized loss is recorded as a direct write-down of the security's amortized cost basis with an offsetting charge to earnings. If we do not intend to sell the debt security or believe we will not be required to sell the debt security before the recovery of its amortized cost basis, the impairment is assessed to determine if a credit loss component exists. We use a discounted cash flow method to determine the credit loss component. In the event a credit loss exists, an allowance for credit losses is recorded in earnings for the credit loss component of the impairment while the remaining portion of the impairment attributable to factors other than credit loss is recognized, net of tax, in other comprehensive income (loss). The amount of impairment recognized due to credit factors is limited to the excess of the amortized cost basis over the fair value of the security available-for-sale. In determining whether a credit loss component exists, we consider a series of factors which include: •The extent to which the fair value is less than the amortized cost basis; •The credit protection features embedded within the instrument, which includes but is not limited to credit subordination positions, payment structure, overcollateralization, protective triggers and financial guarantees provided by third parties; •Changes in the near term prospects of the issuer or the underlying collateral of a security such as changes in default rates, loss severities given default and significant changes in prepayment assumptions; •The level of excess cash flows generated from the underlying collateral supporting the principal and interest payments of the debt securities; and •Any adverse change to the credit conditions of the issuer, the monoline insurer or the security such as credit downgrades by external rating agencies or changes to internal ratings. At both December 31, 2023 and 2022, the allowance for credit losses on securities available-for-sale was nil. Securities in an unrealized loss position for which no allowance for credit losses has been recognized The following table summarizes gross unrealized losses and related fair values for securities available-for-sale by major security type at December 31, 2023 and 2022 classified as to the length of time the losses have existed:
Gross unrealized losses decreased as compared with December 31, 2022 due primarily to decreasing yields on U.S. Government agency mortgage-backed and U.S. Government sponsored mortgage-backed securities as well as the sale of certain securities that were in an unrealized loss position at December 31, 2022. Although the fair value of a particular security may be below its amortized cost, it does not necessarily result in a credit loss and hence an allowance for credit losses. The decline in fair value may be caused by, among other things, higher market rates or the illiquidity of the market. We have reviewed the securities in an unrealized loss position for which no allowance for credit losses has been recognized in accordance with our accounting policies, discussed further above. At December 31, 2023, we do not consider any of these securities to be impaired due to credit factors as we expect to recover their amortized cost basis and we neither intend nor expect to be required to sell these securities prior to recovery, even if that equates to holding them until their individual maturities. However, impairments due to credit factors may occur in future periods if the credit quality of the securities deteriorates. Securities Held-to-Maturity The following provides additional information about our portfolio of securities held-to-maturity: Allowance for credit losses Due to the composition of our portfolio of securities held-to-maturity, substantially all of our portfolio qualifies for the Zero Expected Credit Loss Exception and has been excluded from our lifetime ECL calculation. See Note 2, "Summary of Significant Accounting Policies and New Accounting Pronouncements," for further discussion. At both December 31, 2023 and 2022, the allowance for credit losses on securities held-to-maturity was nil. At December 31, 2023 and 2022, none of our securities held-to-maturity were past due or in nonaccrual status. Credit risk profile Securities are assigned a credit rating based on the estimated probability of default. The credit ratings are used as a credit quality indicator to monitor our securities held-to-maturity portfolio. We utilize S&P as the primary source of our credit ratings. If S&P ratings are not available, ratings by Moody's and Fitch are used in that order. Investment grade includes securities with credit ratings of at least BBB- or above. At December 31, 2023 and 2022, all of our securities held-to-maturity were investment grade. Other securities gains (losses), net The following table summarizes realized gains and losses on investment securities transactions attributable to available-for-sale securities:
During the fourth quarter of 2023, we sold certain U.S. Government agency mortgage-backed and U.S. Government sponsored mortgage-backed securities classified as available-for-sale with a total carrying value of $960 million and realized a loss of $246 million. These securities were sold to manage our exposure to the changing interest rate environment as part of our continuing strategy to maximize returns while balancing the securities portfolio for risk management purposes. We have reinvested the proceeds into higher yielding U.S. Government agency mortgage-backed securities classified as held-to-maturity. Contractual Maturities and Yields The following table summarizes the amortized cost and fair values of securities available-for-sale and securities held-to-maturity at December 31, 2023 by contractual maturity. Expected maturities differ from contractual maturities because borrowers have the right to prepay obligations without prepayment penalties in certain cases. The table below also reflects the distribution of maturities of debt securities held at December 31, 2023, together with the approximate yield of the portfolio. The yields shown are calculated by dividing annualized interest income, including the accretion of discounts and the amortization of premiums, by the amortized cost of securities outstanding at December 31, 2023.
Equity Securities Equity securities that are not classified as trading and are included in other assets consisted of the following:
On a quarterly basis, we perform an assessment to determine whether any equity securities without readily determinable fair values are impaired. In the event an equity security is deemed impaired, the security is written down to fair value with impairment recorded in earnings. During 2023, we determined that certain equity securities without readily determinable fair values were impaired and, as a result, we recorded impairment losses of $5 million as a component of other income (loss) in the consolidated statement of income compared with impairment losses of $3 million during both 2022 and 2021, respectively. Also included in other assets were investments in Federal Home Loan Bank ("FHLB") stock and Federal Reserve Bank stock of $95 million and $438 million, respectively, at December 31, 2023 and $95 million and $498 million, respectively, at December 31, 2022. Our investment in Federal Reserve Bank stock represents approximately half of the total subscription price for our subscribed shares. The remaining half is unpaid and remains subject to call by the Federal Reserve Board ("FRB").
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Loans | Loans Loans consisted of the following:
(1)Represents large multinational firms including globally focused U.S. corporate and financial institutions, U.S. dollar lending to multinational banking clients managed by HSBC on a global basis and complex large business clients supported by Global Banking and Markets relationship managers. (2)See Note 24, "Related Party Transactions," for additional information regarding loans to HSBC affiliates. (3)Includes certain student loans that we have elected to designate under the fair value option and are therefore carried at fair value, which totaled $15 million and $20 million at December 31, 2023 and 2022, respectively. See Note 17, "Fair Value Option," for further details. We have loans outstanding to certain executive officers and directors. The loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than normal risk of collectibility. The aggregate amount of such loans did not exceed 5 percent of total equity at either December 31, 2023 or 2022. Net deferred origination costs totaled $17 million and $14 million at December 31, 2023 and 2022, respectively. At December 31, 2023 and 2022, we had a net unamortized discount on our loans of $13 million and $10 million, respectively. Aging Analysis of Past Due Loans The following table summarizes the past due status of our loans at December 31, 2023 and 2022. The aging of past due amounts is determined based on the contractual delinquency status of payments under the loan. An account is generally considered to be contractually delinquent when payments have not been made in accordance with the loan terms. Delinquency status is affected by customer account management policies and practices such as re-age, which results in the re-setting of the contractual delinquency status to current.
(1)Loans less than 30 days past due are presented as current. Contractual Maturities Contractual maturities of loans outstanding at December 31, 2023 were as follows:
(1)Home equity mortgage maturities reflect estimates based on historical payment patterns. (2)As credit card receivables do not have stated maturities, the table reflects an average estimate based on historical payment patterns. As a substantial portion of consumer loans, based on our experience, will be renewed or repaid prior to contractual maturity, the above maturity schedule should not be regarded as a forecast of future cash collections. The following table summarizes loans outstanding at December 31, 2023 due after one year by repricing characteristic:
Nonperforming Loans Nonperforming loans, including nonaccrual loans and accruing loans contractually 90 days or more past due, consisted of the following:
(1)At December 31, 2023 and 2022, nonaccrual consumer mortgage loans include $108 million and $109 million, respectively, of loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell. (2)Nonaccrual consumer mortgage loans include all loans which are 90 or more days contractually delinquent as well as loans discharged under Chapter 7 bankruptcy and not re-affirmed and second lien loans where the first lien loan that we own or service is 90 or more days contractually delinquent. (3)Nonaccrual consumer mortgage loans for all periods does not include guaranteed loans purchased from the Government National Mortgage Association. Repayment of these loans is predominantly insured by the Federal Housing Administration and as such, these loans have different risk characteristics from the rest of our consumer loan portfolio. Interest income that was recorded on nonaccrual loans and included in interest income totaled $5 million, $10 million and $34 million during the years ended December 31, 2023, 2022 and 2021, respectively. Collateral-Dependent Loans Loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty are considered to be collateral-dependent loans. Collateral can have a significant financial effect in mitigating our exposure to credit risk. Collateral-dependent residential mortgage loans are carried at the lower of amortized cost or fair value of the collateral less costs to sell, with any excess in the carrying amount of the loan generally charged off at the time foreclosure is initiated or when settlement is reached with the borrower, but not to exceed the end of the month in which the account becomes six months contractually delinquent. Collateral values are based on broker price opinions or appraisals which are updated at least every 180 days less estimated costs to sell. During the quarterly period between updates, real estate price trends are reviewed on a geographic basis and incorporated as necessary. At December 31, 2023 and 2022, we had collateral-dependent residential mortgage loans totaling $278 million and $249 million, respectively. For collateral-dependent commercial loans, the allowance for expected credit losses is individually assessed based on the fair value of the collateral. Various types of collateral are used, including real estate, inventory, equipment, accounts receivable, securities and cash, among others. For commercial real estate loans, collateral values are generally based on appraisals which are updated based on management judgment under the specific circumstances on a case-by-case basis. In situations where an appraisal is not used, borrower-specific factors such as operating results, cash flows and debt service ratios are reviewed along with relevant market data of comparable properties in order to create a 10-year cash flow model to be discounted at appropriate rates to present value. The collateral value for securities is based on their quoted market prices or broker quotes. The collateral value for other financial assets is generally based on appraisals or is estimated using a discounted cash flow analysis. Commercial loan balances are charged off at the time all or a portion of the balance is deemed uncollectible. At December 31, 2023 and 2022, we had collateral-dependent commercial loans totaling $618 million and $130 million, respectively. Loan Modifications In conjunction with our loss mitigation activities, we modify certain loans to borrowers experiencing financial difficulty. Modifications may include changes to one or more terms of the loan, including, but not limited to, a change in interest rate, extension of the term, reduction in payment amount and partial forgiveness or deferment of principal, accrued interest or other loan covenants. As a result of adopting new accounting guidance in 2023, beginning January 1, 2023, new loan modifications are no longer required to be evaluated to determine if they should be separately identified and accounted for as TDR Loans. See under the heading "TDR Loans prior to 2023" below for additional information. The following disclosures provide information about loan payment modifications made to borrowers experiencing financial difficulty in the form of an interest rate reduction, principal forgiveness, a term extension or significant payment deferral, or a combination thereof. Not included are loans with short-term payment modifications (e.g., deferrals of three months or less) and other insignificant modifications, such as covenant waivers and amendments, and deferrals of financial statement and covenant compliance reporting requirements. Commercial loan payment modifications typically involve term extensions. In certain cases, the term extension is coupled with an interest rate increase which is intended to reduce the financial effect of extending the life of the loan. The effects of these interest rate increases are not included in the following disclosures. For consumer loans, payment modifications typically involve payment deferrals or interest rate reductions which lower the amount of interest income we are contractually entitled to receive in future periods. Through lowering the interest rate, we believe we are able to increase the amount of cash flow that will ultimately be collected from the loan, given the borrower's financial condition. The following table presents information about loan payment modifications made to borrowers experiencing financial difficulty during 2023 by type of modification, including the period-end carrying value and as a percentage of total loans:
(1)Represents loans with more than one type of payment modification during the period. (2)Not included in the table during 2023 was a $32 million corporate banking loan that was provided with a term extension and was subsequently charged-off within the same quarter. (3)During 2023, the carrying value of consumer mortgage loans with a payment modification included loans that were recorded at the lower of amortized cost or fair value of the collateral less cost to sell. At December 31, 2023, additional commitments to lend to commercial borrowers who were provided with a loan payment modification during the year ended December 31, 2023 totaled $85 million. The following table summarizes the financial effect of loan payment modifications made to borrowers experiencing financial difficulty during 2023 by type of modification:
The effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the methodology used to estimate lifetime ECL, which considers historical loss information including losses from modifications of loans to borrowers experiencing financial difficulty. As a result, a material change to the allowance for credit losses is generally not recorded upon modification. In instances when a loan is modified in the form of principal forgiveness, the amount of principal forgiven is deemed uncollectible and that portion of the loan balance is charged off with a corresponding reduction to the allowance for credit losses. We closely monitor the performance of modified loans to understand the effectiveness of our loss mitigation efforts. Upon determination that a modified loan or a portion of a modified loan has subsequently been deemed uncollectible, the loan or a portion of the loan is charged off in accordance with our accounting policies with a corresponding reduction to the allowance for credit losses. The following table presents loans to borrowers experiencing financial difficulty with a payment modification during the previous 12 months which subsequently became 90 days or greater contractually delinquent during 2023 by type of modification:
(1)Represents loans with more than one type of payment modification during the period. During 2023, there were no consumer loans to borrowers experiencing financial difficulty with a payment modification during the previous 12 months which subsequently became 90 days or greater contractually delinquent. The following table presents the past due status of loans to borrowers experiencing financial difficulty with a payment modification during the previous 12 months at December 31, 2023:
(1)Loans less than 30 days past due are presented as current. (2)Not included in the table at December 31, 2023 was a $32 million corporate banking loan that was provided with a term extension and was subsequently charged-off within the same quarter. TDR Loans prior to 2023 Prior to January 1, 2023, TDR Loans represented loans for which the original contractual terms were modified to provide for terms that were less than what we would have been willing to accept for new loans with comparable risk because of deterioration in the borrower's financial condition. For the comparative periods prior to the adoption of the new accounting guidance, we have retained the following disclosures as previously reported. Once a consumer loan was classified as a TDR Loan, it continued to be reported as such until it was paid off or charged-off. For commercial loans, if subsequent performance was in accordance with the new terms and the loan was upgraded, the loan may have no longer been reported as a TDR Loan at the earliest one year after the restructuring. During 2022 and 2021, there were no commercial loans that met these criteria and were removed from TDR Loan classification. The following table summarizes our TDR Loans at December 31, 2022:
(1)Additional commitments to lend to commercial borrowers whose loans have been modified in TDR Loans totaled $38 million at December 31, 2022. (2)At December 31, 2022, the carrying value of consumer mortgage TDR Loans included $99 million of loans that were recorded at the lower of amortized cost or fair value of the collateral less cost to sell. (3)At December 31, 2022, the carrying value of TDR Loans included $122 million of loans which were classified as nonaccrual. The following table presents information about loans which were modified during 2022 and 2021 and as a result of this action became classified as TDR Loans:
The weighted-average contractual rate reduction for consumer loans which became classified as TDR Loans during 2022 and 2021 was 0.25 percent and 2.08 percent, respectively. The weighted-average contractual rate reduction for commercial loans was not significant in either the number of loans or rate. The following table presents consumer loans which were classified as TDR Loans during the previous 12 months which subsequently became 60 days or greater contractually delinquent during the years ended December 31, 2022 and 2021:
During the years ended December 31, 2022 and 2021, there were no commercial TDR Loans which were classified as TDR Loans during the previous 12 months which subsequently became 90 days or greater contractually delinquent. Commercial Loan Credit Quality Indicators and Gross Charge-offs by Year of Origination The following credit quality indicators are utilized to monitor our commercial loan portfolio: Criticized loans Criticized loan classifications presented in the table below are determined by the assignment of various criticized facility risk ratings based on the risk rating standards of our regulator. The following facility risk ratings are deemed to be criticized: Special Mention - generally includes loans that are protected by collateral and/or the credit worthiness of the customer, but are potentially weak based upon economic or market circumstances which, if not checked or corrected, could weaken our credit position at some future date. Substandard - includes loans that are inadequately protected by the underlying collateral and/or general credit worthiness of the customer. These loans present a distinct possibility that we will sustain some loss if the deficiencies are not corrected. Doubtful - includes loans that have all the weaknesses exhibited by substandard loans, with the added characteristic that the weaknesses make collection or liquidation in full of the recorded loan highly improbable. However, although the possibility of loss is extremely high, certain factors exist which may strengthen the credit at some future date, and therefore the decision to charge-off the loan is deferred. Loans graded as doubtful are required to be placed in nonaccrual status. The following table summarizes our criticized commercial loans, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
Nonperforming The following table summarizes the nonperforming status of our commercial loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
Credit risk profile Commercial loans are assigned a credit rating based on the estimated probability of default. Investment grade includes loans with credit ratings of at least BBB- or above or the equivalent based on our internal credit rating system. The following table summarizes the credit risk profile of our commercial loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
Gross Charge-offs The following table summarizes gross charge-off dollars in our commercial loan portfolio, disaggregated by year of origination, during 2023:
Consumer Loan Credit Quality Indicators and Gross Charge-offs by Year of Origination The following credit quality indicators are utilized to monitor our consumer loan portfolio: Delinquency The following table summarizes dollars of two-months-and-over contractual delinquency for our consumer loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
(1)At December 31, 2023 and 2022, consumer mortgage loan delinquency includes $61 million and $60 million, respectively, of loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell. (2)At both December 31, 2023 and 2022, consumer mortgage loans include $21 million of loans that were in the process of foreclosure. Nonperforming The following table summarizes the nonperforming status of our consumer loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
Gross Charge-offs The following table summarizes gross charge-off dollars in our consumer loan portfolio, disaggregated by year of origination, during 2023:
Concentration of Credit Risk At December 31, 2023 and 2022, our loan portfolios included interest-only residential mortgage and home equity mortgage loans totaling $4,392 million and $4,063 million, respectively. An interest-only residential mortgage loan allows a customer to pay the interest-only portion of the monthly payment for a period of time which results in lower payments during the initial loan period. However, subsequent events affecting a customer's financial position could affect the ability of customers to repay the loan in the future when the principal payments are required which increases the credit risk of this loan type.
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Allowance for Credit Losses |
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Credit Loss [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | Allowance for Credit Losses Description of Economic Scenarios at December 31, 2023 and Other Changes During the Year Ended December 31, 2023 Although economic conditions improved during 2023 driven by better than expected economic growth, economic uncertainty remains due to elevated interest rates, inflation levels and the expectation for slowing economic growth. We updated our Consensus Economic Scenarios and our Alternative Downside Scenario to reflect management's current view of forecasted economic conditions and utilized the four updated scenarios for estimating lifetime ECL at December 31, 2023. Each of the four scenarios were assigned weightings with the majority of the weighting placed on the Central scenario, lower equal weights placed on the Upside and Downside scenarios and the lowest weighting placed on the Alternative Downside scenario. This weighting was deemed appropriate for the estimation of lifetime ECL under current conditions. The following discussion summarizes the Central, Upside, Downside and Alternative Downside scenarios at December 31, 2023. The economic assumptions described in this section have been formed specifically for the purpose of calculating ECL. In the Central scenario, U.S. Gross Domestic Product ("GDP") growth is slower in 2024 compared to 2023, under the assumption that diminishing excess household savings and the lagged effects of higher interest rates constrain expenditure. With modest economic growth, the unemployment rate increases slightly, but remains near historic lows, while residential housing prices grow modestly driven by a low inventory of existing homes for sale. In the financial markets, growth in financial asset prices remains modest while the FRB's policy rate remains elevated with a gradual drop in 2024 and 2025. In the Upside scenario, the economy is assumed to grow at a faster pace than in the Central scenario as inflation wanes. As a result, the unemployment rate falls and remains lower than in the Central scenario, while both residential housing and commercial real estate prices are higher than in the Central scenario. In this scenario, the equity price index climbs with strong momentum and overall optimism fueled by easing inflation allows the FRB to normalize its policy rate slightly faster than currently anticipated, which, combined with lower inflation expectations, drive the 10-year U.S. Treasury yield lower than in the Central scenario. In the Downside scenario, inflation re-accelerates and the economy enters into a mild recession, with the unemployment rate increasing and remaining at a higher level, while residential housing and commercial real estate prices undergo sharp correction due to weakness in the labor market and rising inflation. In this scenario, the FRB raises its policy rate initially to tackle inflation and the equity price index goes through a substantial correction by the third quarter of 2025 driven by an overall erosion of consumer and business sentiments, which eventually results in lower interest rates than in the Central scenario. In the Alternative Downside scenario, geopolitical tensions escalate significantly and more severe inflationary pressures accompanied by tighter monetary policy lead the U.S. economy into a deep recession in 2024, followed by a very anemic recovery starting in 2025. An extended period of economic contraction keeps the unemployment rate at an elevated level, which pressures residential housing prices to depreciate substantially, while at the same time, contracting corporate activities and rising unemployment pushes the commercial real estate market into a downturn. In this scenario, financial markets experience a major sell-off and volatility in the financial markets remains extremely high over the next year, widening corporate credit spreads substantially, and flight to safe haven assets pushes the 10-year U.S. Treasury yield lower. The following table presents the forecasted key macroeconomic variables in our Central scenarios used for estimating lifetime ECL at December 31, 2023 and 2022:
As part of our updates to the economic scenarios, during 2023, we also decreased our commercial allowance for credit losses for risk associated with large loan exposures. In addition to the updates to the economic scenarios, during 2023, we increased our commercial allowance for credit losses associated with individually assessed loans due to downgrades. During 2023, we also increased the management judgment allowance on our commercial loan portfolio for risk factors associated with higher risk industry exposures that are not fully captured in the models. While we believe that the assumptions used in our credit loss models are reasonable within the parameters for which the models have been built and calibrated to operate, inflation and elevated interest rates have resulted in a macroeconomic environment that is outside the parameters for which the models have been built. As a result, adjustments to model outputs to reflect consideration of management judgment are used with stringent governance in place to ensure an appropriate lifetime ECL estimate. The impacts of elevated interest rates, inflation levels and the expectation for slowing economic growth will continue to impact our business and our allowance for credit losses in future periods, the extent of which remains uncertain. We will continue to monitor these situations closely and will continue to adapt our approach as necessary to reflect management's current view of forecasted economic conditions. Allowance for Credit Losses / Liability for Off-Balance Sheet Credit Exposures The following table summarizes our allowance for credit losses and the liability for off-balance sheet credit exposures:
(1)See Note 6, "Securities," for additional information regarding the allowance for credit losses associated with our security portfolios. (2)Primarily includes accrued interest receivables and customer acceptances. The following table summarizes the changes in the allowance for credit losses on loans by product or line of business during the years ended December 31, 2023, 2022 and 2021:
(1)For loans that are transferred to held for sale, the existing allowance for credit losses at the time of transfer is recognized as a charge-off to the extent fair value is less than amortized cost and attributable to credit. Any remaining allowance for credit losses is released to the provision for credit losses. During the second quarter of 2021, we made the decision to exit our mass market retail banking business which resulted in the transfer of certain loans to held for sale. As a result of transferring these loans to held for sale, we recognized $56 million of the existing allowance for credit losses on consumer loans as charge-offs, primarily related to non-performing credit cards, and released $100 million of the existing allowance for credit losses on consumer loans as reductions to the provision for credit losses, primarily related to credit cards. The existing commercial allowance for credit losses on the retail business banking loan portfolio transferred to held for sale was not material. See Note 4, "Sale of Certain Branch Assets and Liabilities." During the fourth quarter of 2021, a portfolio of Premier credit cards was transferred back to held for investment which resulted in increases to the allowance for credit losses and provision for credit losses of $14 million. During the third quarter of 2021, we transferred certain commercial real estate loans to held for sale and, as a result, we released $24 million of the existing allowance for credit losses as a reduction to the provision for credit losses. During the fourth quarter of 2021, we also transferred certain non-performing mortgage loans and government-backed mortgage loans to held for sale. As a result, we recognized $4 million of the existing allowance for credit losses as charge-offs and released $22 million of the existing allowance for expected recoveries on these loans as an increase to the provision for credit losses. The following table summarizes the changes in the liability for off-balance sheet credit exposures during the years ended December 31, 2023, 2022 and 2021:
Accrued Interest Receivables The following table summarizes accrued interest receivables associated with financial assets carried at amortized cost and securities available-for-sale along with the related allowance for credit losses, which are reported net in other assets on the consolidated balance sheet. These accrued interest receivables are excluded from the amortized cost basis disclosures presented elsewhere in these financial statements, including Note 6, "Securities," and Note 7, "Loans."
During 2023, 2022 and 2021, we charged-off accrued interest receivables by reversing interest income for loans of $14 million, $3 million and $5 million, respectively.
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Loans Held for Sale |
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Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Held for Sale | Loans Held for Sale Loans held for sale consisted of the following:
Commercial Loans Included in commercial loans held for sale are certain loans that we have elected to designate under the fair value option which consists of loans that we originate in connection with our participation in a number of syndicated credit facilities with the intent of selling them to unaffiliated third parties as well as loans that we purchase from the secondary market and hold as hedges against our exposure to certain total return swaps or intend to sell. The fair value of these loans totaled $250 million and $237 million at December 31, 2023 and 2022, respectively. See Note 17, "Fair Value Option," for additional information. Commercial loans held for sale also includes certain loans that we no longer intend to hold for investment and were transferred to held for sale which totaled $89 million and $112 million at December 31, 2023 and 2022, respectively. During 2023, 2022 and 2021, we recorded $2 million, $8 million and $7 million, respectively, of lower of amortized cost or fair value adjustments associated with the write-down of these commercial loans held for sale as a component of other income (loss) in the consolidated statement of income. During the fourth quarter of 2023, we sold a portfolio of commercial real estate loans to a third-party sponsored asset-backed financing entity with a carrying value of $439 million at the time of sale and recognized an immaterial loss on sale, including transaction costs. These commercial real estate loans were transferred to held for sale during the second quarter of 2023 as part of an effort to reduce exposure to this sector. Prior to the sale, during 2023, we recorded $30 million of lower of amortized cost or fair value adjustments associated with the write-down of these commercial loans held for sale as a component of other income (loss) in the consolidated statement of income. In connection with the sale, we provided a loan to the third-party buyer sponsored asset-backed financing entity for a portion of the purchase price. See Note 27, "Variable Interest Entities," for additional information. In addition, during the first quarter of 2022, we completed the sale of the branch disposal group that we previously transferred to held for sale in 2021 as part of our Restructuring Plan. The sale included certain retail business banking loans with a carrying value at the time of sale of $37 million. See Note 4, "Sale of Certain Branch Assets and Liabilities," for additional information. During 2022, we also sold certain global banking loans and unfunded commitments to third parties in order to reduce risk-weighted assets as part of our Restructuring Plan. These global banking loans had a carrying value at the time of sale of $44 million and we recognized losses on sale of $21 million. The losses are reflected as a component of other income (loss) in the consolidated statement of income. Consumer Loans Included in residential mortgage loans held for sale are agency-eligible conforming residential mortgage loans which are originated and held for sale to third parties, currently on a servicing retained basis. Gains and losses from the sale of these residential mortgage loans are reflected as a component of other income (loss) in the consolidated statement of income. In addition, as discussed above, during the first quarter of 2022, we completed the sale of the branch disposal group that we previously transferred to held for sale in 2021 as part of our Restructuring Plan. The sale included certain consumer loans with a carrying value at the time of sale which collectively totaled $2,102 million, including $1,665 million of residential mortgages, $185 million of home equity mortgages, $168 million of credit cards and $84 million of other consumer loans. See Note 4, "Sale of Certain Branch Assets and Liabilities," for additional information. During the first quarter of 2022, we also sold a portfolio of consumer loans to a third party consisting primarily of certain non-performing mortgage loans and government-backed mortgage loans that we previously transferred to held for sale in 2021 as part of our Restructuring Plan. These mortgage loans had a carrying value at the time of sale which collectively totaled $904 million, including $865 million of residential mortgages and $39 million of home equity mortgages, and we recognized a loss on sale of $35 million, largely reflecting changes in the final terms of the sale. The loss on sale is reflected as a component of other income (loss) in the consolidated statement of income. The loss on sale was increased by $10 million during the second quarter of 2023 reflecting a repricing reserve adjustment. During 2022 and 2021, we recorded $11 million and $7 million, respectively, of lower of amortized cost or fair value adjustments associated with the write-down of mass market consumer loans held for sale as a component of other income (loss) in the consolidated statement of income. Loans held for sale are subject to market risk, liquidity risk and interest rate risk, in that their value will fluctuate as a result of changes in market conditions, as well as the credit environment. Interest rate risk for residential mortgage loans which are originated and held for sale is partially mitigated through an economic hedging program to offset changes in the fair value of these mortgage loans held for sale, from the time of commitment to sale, attributable to changes in market interest rates. Revenue associated with this economic hedging program, which is reflected as a component of other income (loss) in the consolidated statement of income, was nil during 2023 compared with a gain of $7 million and a loss of $2 million during 2022 and 2021, respectively. Valuation Allowances Excluding the loans designated under the fair value option discussed above, loans held for sale are recorded at the lower of amortized cost or fair value, with adjustments to fair value being recorded as a valuation allowance through other revenues. The valuation allowance on commercial loans held for sale was $2 million and nil at December 31, 2023 and 2022, respectively. The valuation allowance on consumer loans held for sale was nil at both December 31, 2023 and 2022.
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Properties and Equipment, Net |
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Properties and Equipment, Net | Properties and Equipment, Net Properties and equipment, net is summarized in the following table:
Depreciation and amortization expense totaled $22 million, $13 million and $22 million in 2023, 2022 and 2021, respectively.
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Goodwill |
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Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill | Goodwill Goodwill was $458 million at both December 31, 2023 and 2022. Goodwill for these periods reflects accumulated impairment losses of $1,819 million, which were recognized in prior periods. During the fourth quarter of 2023, we completed our annual impairment test of goodwill and determined that the fair value of our Commercial Banking reporting unit significantly exceeded its carrying value, including goodwill.
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Leases |
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Leases | Leases We have entered into operating leases for premises and equipment. The following table summarizes the components of total operating lease costs, net and provides supplemental cash flow information related to leases:
(1)We have entered into agreements to sublease certain office space, including agreements to receive rental income from our affiliates. As lessee of the properties, we have entered into agreements with these affiliates to charge them rent based on the office space utilized by their employees during the period. See Note 24, "Related Party Transactions," for further disclosure. In addition to the operating lease costs reflected in the table above, during 2022 and 2021, we recorded lease impairment charges of $10 million and $63 million, respectively, to write-down the lease ROU assets associated with certain office space and, in 2021 certain branches, that we determined we would exit as part of our Restructuring Plan. See Note 3, "Strategic Initiatives," for further discussion. These impairment charges are reflected in occupancy expense, net in the consolidated statement of income and were reported in the Wealth and Personal Banking and the Corporate Center business segments. In November 2023, we commenced a new 20-year operating lease to relocate our U.S. headquarters to 66 Hudson Boulevard, New York, New York which resulted in the recognition of a lease of $381 million, including prepaid construction costs, and a corresponding operating lease liability of $324 million. The lease contains certain renewal and termination options. The following table presents information about our operating lease ROU assets and liabilities:
(1)Reported inclusive of prepaid construction costs, net of level lease adjustments and accumulated impairment losses. The following table presents a maturity analysis of our operating lease liabilities at December 31, 2023:
At December 31, 2023, additional operating leases for premises that have not yet commenced and are not reflected in the table above were not material.
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Deposits |
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Deposits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits Total deposits were $121,283 million and $123,223 million at December 31, 2023 and 2022, respectively, of which $1,821 million and $1,554 million, respectively, were carried at fair value. The following table presents the aggregate amount of time deposit accounts in denominations exceeding $250,000 at December 31, 2023 and 2022:
The scheduled maturities of all time deposits at December 31, 2023 are summarized in the following table:
Overdraft deposits, which are classified as loans, were approximately $91 million and $205 million at December 31, 2023 and 2022, respectively. Federal Deposit Insurance Corporation ("FDIC") assessment fees, which are recorded as a component of other expenses in the consolidated statement of income, totaled $322 million, $54 million and $63 million in 2023, 2022 and 2021, respectively. In November 2023, the FDIC issued a final rule that imposes a special assessment on certain FDIC-insured banks, including HSBC Bank USA, to recover the loss to the Deposit Insurance Fund arising from the protection of uninsured depositors following a determination of systemic risk in connection with the failures of Silicon Valley Bank and Signature Bank. The special assessment is based on an insured depository institution's estimated uninsured deposits reported as of December 31, 2022 and will be assessed over eight quarterly periods beginning with the first quarter of 2024. The special assessment results in $243 million of additional deposit insurance assessment fees for HUSI, which were accrued in the fourth quarter of 2023. Because the estimated loss to the Deposit Insurance Fund will be periodically adjusted as actual losses are incurred, the FDIC retains the ability to cease collection early or extend the special assessment collection period, as needed.
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Short-Term Borrowings |
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Short-Term Debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-Term Borrowings | Short-Term Borrowings Short-term borrowings consisted of the following:
*The rate on securities sold under repurchase agreements is not meaningful as the denominator used in the calculation reflects the net amount presented in the balance sheet.
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Long-Term Debt |
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Long-Term Debt, Unclassified [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt | Long-Term Debt The composition of long-term debt is presented in the following table. Interest rates on floating rate notes are determined periodically by formulas based on certain money market rates or, in certain instances, by minimum interest rates as specified in the agreements governing the issues. Interest rates and maturity dates in effect at December 31, 2023 are shown in the below table.
At December 31, 2023 and 2022, we had structured notes totaling $6,790 million and $7,672 million, respectively, and subordinated debt totaling $749 million and $706 million, respectively, for which we have elected fair value option accounting and are therefore carried at fair value. See Note 17, "Fair Value Option," for further details. As a member of the FHLB and the Federal Reserve Bank of New York, we have secured borrowing facilities which are collateralized by loans and investment securities. At both December 31, 2023 and 2022, borrowings from the FHLB facility totaled $1,000 million which is included in long-term debt. Based upon the amounts pledged as collateral under these facilities, we have additional borrowing capacity of up to $24,524 million at December 31, 2023. Maturities of long-term debt at December 31, 2023 were as follows:
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Derivative Financial Instruments |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments In the normal course of business, the derivative instruments we enter into are for trading, market making and risk management purposes. For financial reporting purposes, derivative instruments are designated in one of the following categories: (a) hedging instruments designated as qualifying hedges under derivative and hedge accounting principles, (b) financial instruments held for trading or (c) non-qualifying economic hedges. The derivative instruments held are predominantly swaps, futures, options and forward contracts. All derivatives are stated at fair value. Where we enter into enforceable master netting agreements with counterparties, the master netting agreements permit us to net those derivative asset and liability positions and to offset cash collateral held and posted with the same counterparty. The following table presents the fair value of derivative contracts by major product type on a gross basis. Gross fair values exclude the effects of both counterparty netting as well as collateral, and therefore are not representative of our exposure. The table below also presents the amounts of counterparty netting and cash collateral that have been offset in the consolidated balance sheet, as well as cash and securities collateral posted and received under enforceable master netting agreements that do not meet the criteria for netting. Derivative assets and liabilities which are not subject to an enforceable master netting agreement, or are subject to a netting agreement where an appropriate legal opinion to determine such agreements are enforceable has not been either sought or obtained, have not been netted in the following table. Where we have received or posted collateral under netting agreements where an appropriate legal opinion to determine such agreements are enforceable has not been either sought or obtained, the related collateral also has not been netted in the following table.
(1)Derivative assets / liabilities related to cash flow hedges, fair value hedges and derivative instruments held for purposes other than for trading are recorded in / interest, taxes and on the consolidated balance sheet. (2)Over-the-counter ("OTC") derivatives include derivatives executed and settled bilaterally with counterparties without the use of an organized exchange or central clearing house. The credit risk associated with bilateral OTC derivatives is managed through obtaining collateral and enforceable master netting agreements. OTC-cleared derivatives are executed bilaterally in the OTC market but then novated to a central clearing counterparty, whereby the central clearing counterparty becomes the counterparty to each of the original counterparties. Exchange traded derivatives are executed directly on an organized exchange. Credit risk is minimized for OTC-cleared derivatives and exchange traded derivatives through daily margining requirements. In addition, OTC-cleared interest rate and credit derivatives with certain central clearing counterparties are settled daily. (3)Trading related derivative assets / liabilities are recorded in trading assets / trading liabilities on the consolidated balance sheet. (4)Consists of swap agreements entered into in conjunction with the sales of Visa Inc. ("Visa") Class B common shares ("Class B Shares"). (5)Represents the netting of derivative receivable and payable balances for the same counterparty under enforceable netting agreements. (6)Represents the netting of cash collateral posted and received by counterparty under enforceable netting agreements. (7)Netting is performed at a counterparty level in cases where enforceable master netting agreements are in place, regardless of the type of derivative instrument. Therefore, we have not allocated netting to the different types of derivative instruments shown in the table above. See Note 28, "Guarantee Arrangements, Pledged Assets and Repurchase Agreements," for further information on offsetting related to resale and repurchase agreements. Derivatives Held for Risk Management Purposes Our risk management policy requires us to identify, analyze and manage risks arising from the activities conducted during the normal course of business. We use derivative instruments as an asset and liability management tool to manage our exposures in interest rate, foreign currency and credit risks in existing assets and liabilities, commitments and forecasted transactions. The accounting for changes in fair value of a derivative instrument will depend on whether the derivative has been designated and qualifies for hedge accounting. We designate derivative instruments to offset the fair value risk and cash flow risk arising from fixed-rate and floating-rate assets and liabilities as well as forecasted transactions. We assess the hedging relationships, both at the inception of the hedge and on an ongoing basis, using a regression approach to determine whether the designated hedging instrument is highly effective in offsetting changes in the fair value or the cash flows attributable to the hedged risk. Accounting principles for qualifying hedges require us to prepare detailed documentation describing the relationship between the hedging instrument and the hedged item, including, but not limited to, the risk management objective, the hedging strategy and the methods to assess and measure the ineffectiveness of the hedging relationship. We discontinue hedge accounting when we determine that the hedge is no longer highly effective, the hedging instrument is terminated, sold or expired, the designated forecasted transaction is not probable of occurring, or when the designation is removed by us. Fair Value Hedges In the normal course of business, we hold fixed-rate loans and securities, and issue fixed-rate deposits and senior and subordinated debt obligations. The fair value of fixed-rate assets and liabilities fluctuates in response to changes in interest rates. We utilize interest rate swaps, forward and futures contracts to minimize our exposure to changes in fair value caused by interest rate volatility. The changes in the fair value of the hedged item designated in a qualifying hedge are captured as an adjustment to the carrying amount of the hedged item (basis adjustment). If the hedging relationship is discontinued and the hedged item continues to exist, the basis adjustment is amortized over the remaining life of the hedged item. The following table presents the carrying amount of hedged items in fair value hedges recognized in the consolidated balance sheet at December 31, 2023 and 2022, along with the cumulative amount of fair value hedging adjustments included in the carrying amount of those hedged items:
(1)The carrying amount of securities AFS represents the amortized cost basis. The following table presents information on gains and losses on derivative instruments designated and qualifying as hedging instruments and the hedged items in fair value hedges and their location on the consolidated statement of income:
Cash Flow Hedges We own or issue floating rate financial instruments and enter into forecasted transactions that give rise to variability in future cash flows. As a part of our risk management strategy, we use interest rate swaps, currency swaps and futures contracts to mitigate risk associated with variability in the cash flows. Changes in fair value of a derivative instrument associated with a qualifying cash flow hedge are recognized in other comprehensive income (loss). When the cash flows being hedged materialize and are recorded in income or expense, the associated gain or loss from the hedging derivative previously recorded in accumulated other comprehensive loss ("AOCI") is reclassified into earnings in the same accounting period in which the designated forecasted transaction or hedged item affects earnings. If a cash flow hedge of a forecasted transaction is discontinued because it is no longer highly effective, or if the hedge relationship is terminated, the cumulative gain or loss on the hedging derivative to that date will continue to be reported in AOCI unless it is probable that the hedged forecasted transaction will not occur by the end of the originally specified time period as documented at the inception of the hedge, at which time the cumulative gain or loss is released into earnings. At December 31, 2023, active cash flow hedge relationships extend or mature through July 2036. During 2023, $174 million of losses related to discontinued cash flow hedge relationships were amortized to earnings from AOCI compared with losses of $43 million and gains of $13 million during 2022 and 2021, respectively. During the next twelve months, we expect to amortize $47 million of remaining losses to earnings resulting from these discontinued cash flow hedges. The interest accrual related to the hedging instruments is recognized in . The following table presents information on gains and losses on derivative instruments designated and qualifying as hedging instruments in cash flow hedges (including amounts recognized in AOCI from discontinued cash flow hedges) and their location on the consolidated statement of income:
Trading Derivatives and Non-Qualifying Hedging Activities In addition to risk management, we also enter into derivative contracts, including buy- and sell-protection credit derivatives, for the purposes of trading and market making, or repackaging risks to form structured trades to meet clients' risk taking objectives. Additionally, we buy or sell securities and use derivatives to mitigate the market risks arising from our trading activities with our clients that exceed our risk appetite. We also use buy-protection credit derivatives to manage our counterparty credit risk exposure. Where we enter into derivatives for trading purposes, realized and unrealized gains and losses are recognized in trading revenue. Counterparty credit risk associated with OTC derivatives, including risk-mitigating buy-protection credit derivatives, are recognized as an adjustment to the fair value of the derivatives and are recorded in trading revenue. Our non-qualifying hedging and other activities include: •Derivative contracts related to the fixed-rate long-term debt issuances and hybrid instruments, including all structured notes and deposits, for which we have elected fair value option accounting. These derivative contracts are non-qualifying hedges but are considered economic hedges. •Credit default swaps which are designated as economic hedges against the credit risks within our loan portfolio. In the event of an impairment loss occurring in a loan that is economically hedged, the impairment loss is recognized as provision for credit losses while the gain on the credit default swap is recorded as other income (loss). •Swap agreements entered into in conjunction with the sales of Visa Class B Shares to a third party to retain the litigation risk associated with the Class B Shares sold until the related litigation is settled and the Class B Shares can be converted into Class A common shares ("Class A Shares"). See Note 28, "Guarantee Arrangements, Pledged Assets and Repurchase Agreements," for additional information. •Forward purchases or sales of to-be-announced ("TBA") securities used to economically hedge changes in the fair value of residential mortgage loans which are originated and held for sale attributable to changes in market interest rates. Changes in the fair value of TBA positions, which are considered derivatives, are recorded in other income (loss). See Note 9, "Loans Held for Sale," for additional information. Derivative instruments designated as economic hedges that do not qualify for hedge accounting are recorded at fair value through profit and loss. Realized and unrealized gains and losses on economic hedges are recognized in gain (loss) on instruments designated at fair value and related derivatives or other income (loss) while the derivative asset or liability positions are reflected as other assets or other liabilities. The following table presents information on gains and losses on derivative instruments held for trading purposes and their location on the consolidated statement of income:
The following table presents information on gains and losses on derivative instruments held for non-qualifying hedging and other activities and their location on the consolidated statement of income:
(1)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares. Credit-Risk Related Contingent Features The majority of our derivative contracts contain provisions that require us to maintain a specific credit rating from each of the major credit rating agencies. Sometimes the derivative instrument transactions are a part of broader structured product transactions. If our credit ratings were to fall below the current ratings, the counterparties to our derivative instruments could demand us to post additional collateral. The amount of additional collateral required to be posted will depend on whether we are downgraded by one or more notches. The aggregate fair value of all derivative instruments with credit-risk related contingent features that were in a net liability position at December 31, 2023 was $169 million, for which we had posted collateral of $90 million. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position at December 31, 2022 was $236 million, for which we had posted collateral of $100 million. Substantially all of the collateral posted is in the form of cash or securities available-for-sale. See Note 28, "Guarantee Arrangements, Pledged Assets and Repurchase Agreements," for further details. The following table presents the amount of additional collateral that we would be required to post (from the current collateral level) related to derivative instruments with credit-risk related contingent features if our long-term ratings were downgraded by one or two notches. A downgrade by a single rating agency that does not result in a rating lower than a preexisting corresponding rating provided by another rating agency will generally not result in additional collateral.
Notional Value of Derivative Contracts The following table summarizes the notional values of derivative contracts:
(1)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares.
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Fair Value Option |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Option | Fair Value Option We report our results to HSBC in accordance with HSBC Group accounting and reporting policies ("Group Reporting Basis"), which apply International Financial Reporting Standards ("IFRSs") as issued by the International Accounting Standards Board ("IASB"). We typically have elected to apply fair value option ("FVO") accounting to selected financial instruments to align the measurement attributes of those instruments under U.S. GAAP and the Group Reporting Basis and to simplify the accounting model applied to those financial instruments. We elected to apply FVO accounting to certain commercial loans held for sale, certain student loans, certain fixed-rate long-term debt issuances, all of our hybrid instruments, including structured notes and deposits, and certain client share repurchase transactions. Excluding the fair value movement on fair value option liabilities attributable to our own credit spread, which is recorded in other comprehensive income (loss), changes in the fair value of fair value option assets and liabilities as well as the mark-to-market adjustment on the related derivatives and the net realized gains or losses on these derivatives are reported in gain (loss) on instruments designated at fair value and related derivatives in the consolidated statement of income. Loans and Loans Held For Sale We elected to apply FVO accounting to certain commercial syndicated loans which are originated with the intent to sell and certain commercial loans that we purchased from the secondary market and hold as hedges against our exposure to certain total return swaps or intend to sell and include these loans as loans held for sale in the consolidated balance sheet. We also previously elected to apply FVO accounting to certain student loans (which were subsequently transferred from held for sale to held for investment during 2022). These elections allow us to account for these loans at fair value which is consistent with the manner in which the instruments are managed. Where available, fair value is based on observable market pricing obtained from independent sources, relevant broker quotes or observed market prices of instruments with similar characteristics. Where observable market parameters are not available, fair value is determined based on contractual cash flows adjusted for estimates of prepayment rates, expected default rates and loss severity discounted at management's estimate of the expected rate of return required by market participants. We also consider loan-specific risk mitigating factors such as collateral arrangements in determining the fair value estimate. Interest from these loans is recorded as interest income in the consolidated statement of income. Because a substantial majority of the loans elected for the fair value option are floating-rate commercial loans, changes in their fair value are primarily attributable to changes in loan-specific credit risk factors. The components of gain (loss) related to loans designated at fair value are summarized in the table below. At December 31, 2023 and 2022, no loans for which the fair value option has been elected were 90 days or more past due or in nonaccrual status. Long-Term Debt (Own Debt Issuances) We elected to apply FVO accounting for certain fixed-rate long-term debt for which we had applied or otherwise would elect to apply fair value hedge accounting. The election allows us to achieve a similar accounting effect without having to meet the hedge accounting requirements. The own debt issuances elected under FVO are traded in secondary markets and, as such, the fair value is determined based on observed prices for the specific instruments. The observed market price of these instruments reflects the effect of changes to our own credit spreads and interest rates. Interest on the fixed-rate debt accounted for under FVO is recorded as interest expense in the consolidated statement of income. Excluding the fair value movement attributable to our own credit spread, the components of gain (loss) in the consolidated statement of income related to long-term debt designated at fair value are summarized in the table below. Hybrid Instruments We elected to apply FVO accounting to all of our hybrid instruments issued, including structured notes and deposits. The valuation of the hybrid instruments is predominantly driven by the derivative features embedded within the instruments and our own credit risk. Cash flows of the hybrid instruments in their entirety, including the embedded derivatives, are discounted at an appropriate rate for the applicable duration of the instrument adjusted for our own credit spreads. The credit spreads applied to structured notes are determined with reference to our own debt issuance rates observed in the primary and secondary markets, internal funding rates, and structured note rates in recent executions while the credit spreads applied to structured deposits are determined using market rates currently offered on comparable deposits with similar characteristics and maturities. Interest on this debt is recorded as interest expense in the consolidated statement of income. Excluding the fair value movement attributable to our own credit spread, the components of gain (loss) in the consolidated statement of income related to hybrid instruments designated at fair value are summarized in the table below. Client Share Repurchase Transactions From time to time, we enter into agreements with clients to facilitate share repurchase transactions under which the clients make a substantial up-front cash payment in exchange for the delivery of shares. Simultaneously, we enter into corresponding agreements with HSBC Bank plc to execute the share repurchases. We elected to apply FVO accounting to these transactions, which are recorded in other assets and interest, taxes and other liabilities on the consolidated balance sheet. The following table summarizes the fair value and unpaid principal balance for items we account for under FVO:
Components of Gain (Loss) on Instruments Designated at Fair Value and Related Derivatives The following table summarizes the components of gain (loss) on instruments designated at fair value and related derivatives reflected in the consolidated statement of income for the years ended December 31, 2023, 2022 and 2021:
(1)As it relates to hybrid instruments, interest rate and other components primarily includes interest rate and equity contract risks. (2)The fair value movement on fair value option liabilities attributable to our own credit spread is recorded in other comprehensive income (loss). (3)During 2022, the loss in the credit risk component for loans and loans held for sale was attributable to the widening of credit spreads associated with certain commercial loans held for sale which were impacted by the weakening of market conditions and deterioration in the financial condition of certain clients.
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Income Taxes |
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes | Income Taxes Total income taxes was as follows:
The components of the provision for income taxes were as follows:
The following table provides an analysis of the difference between effective rates based on the provision for income taxes attributable to pretax income and the statutory U.S. Federal income tax rate:
(1)For 2022, the amount primarily relates to changes in estimates as a result of filing the 2021 Federal and State income tax returns. The components of the net deferred tax asset are presented in the following table:
(1)Real estate mortgage investment conduits ("REMICs") are investment vehicles that hold commercial and residential mortgages in trust and issue securities representing an undivided interest in these mortgages. HSBC Bank USA holds portfolios of noneconomic residual interests in a number of REMICs. This item represents tax basis in such interests which has accumulated as a result of tax rules requiring the recognition of income related to such noneconomic residuals. (2)Reflects our tax return election to capitalize certain service costs. A reconciliation of the beginning and ending amount of unrecognized tax benefits related to uncertain tax positions is as follows:
The total amount of unrecognized tax benefits that, if recognized, would affect the effective income tax rate was $20 million, $22 million and $22 million at December 31, 2023, 2022 and 2021, respectively. Included in the unrecognized tax benefits are certain items the recognition of which would not affect the effective tax rate, such as the tax effect of temporary differences and the amount of State taxes that would be deductible for U.S. Federal tax purposes. It is reasonably possible that there could be a change in the amount of our unrecognized tax benefits within the next 12 months due to settlements or statutory expirations in various State and local tax jurisdictions. It is our policy to recognize accrued interest related to uncertain tax positions in interest expense in the consolidated statement of income and to recognize penalties, if any, related to uncertain tax positions as a component of other expenses in the consolidated statement of income. Accruals for the payment of interest associated with uncertain tax positions totaled $7 million, $6 million and $6 million at December 31, 2023, 2022 and 2021, respectively. Our accrual for the payment of interest associated with uncertain tax positions increased by $1 million during 2023 and was flat during 2022. Deferred tax assets and liabilities are recognized for the future tax consequences related to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, for State net operating losses and for State tax credits. Our net deferred tax assets, including deferred tax liabilities, totaled $1,452 million and $1,613 million at December 31, 2023 and 2022, respectively. See Note 2, "Summary of Significant Accounting Policies and New Accounting Pronouncements," for further discussion regarding our accounting policy relating to the evaluation, recognition and measurement of both the HNAH Group's and HSBC USA's deferred tax assets and liabilities. In evaluating the need for a valuation allowance at December 31, 2023, it has been determined that HNAH Group projections of future taxable income from U.S. operations based on objective and verifiable management forecasts provide sufficient and appropriate support for the recognition of our net deferred tax assets. Federal income tax returns for 2017 and forward remain open to examination by the Internal Revenue Service. We remain subject to State and local income tax examinations for years 2010 and forward. We are currently under audit by various State and local tax jurisdictions. Uncertain tax positions are reviewed on an ongoing basis and are adjusted in light of changing facts and circumstances, including progress of tax audits, developments in case law and the closing of statute of limitations. Such adjustments are reflected in the tax provision. At December 31, 2023, for State tax purposes, we had apportioned and pre-tax effected net operating loss carryforwards of $32 million which expire as follows: $1 million in 2028 and $31 million in 2030 and beyond.
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Preferred Stock |
12 Months Ended |
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Dec. 31, 2023 | |
Equity [Abstract] | |
Preferred Stock | Preferred Stock HSBC USA preferred stock outstanding was $265 million at both December 31, 2023 and 2022 and included 265 shares of 6.0 percent Non-Cumulative Series I Preferred Stock issued to HSBC North America. Dividends on the Series I Preferred Stock are non-cumulative and will be payable when and if declared by our Board of Directors semi-annually on the first business day of June and December of each year at the stated rate of 6.0 percent. The Series I Preferred Stock may be redeemed at our option, in whole or in part, at a redemption price equal to $1,000,000 per share, plus an amount equal to any declared and unpaid dividends, but only after receipt of written approval from the FRB.
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Accumulated Other Comprehensive Loss |
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Accumulated other comprehensive loss includes certain items that are reported directly within a separate component of equity. The following table presents changes in accumulated other comprehensive loss balances:
(1)Amount reclassified to net income is included in other securities gains (losses), net in our consolidated statement of income. (2)Changes in the allowance for credit losses on securities available-for-sale are included in the provision for credit losses in our consolidated statement of income. (3)Amount amortized to net income is included in interest income in our consolidated statement of income. During 2014, we transferred securities from available-for-sale to held-to-maturity. At the date of transfer, AOCI included net pretax unrealized losses related to the transferred securities which are being amortized over the remaining contractual life of each security as an adjustment of yield in a manner consistent with the amortization of any premium or discount. (4)Amount reclassified to net income is included in net interest income in our consolidated statement of income.
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Share-Based Plans |
12 Months Ended |
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Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Share-Based Plans | Share-Based Plans Employee Stock Purchase Plans The HSBC International Employee Share Purchase Plan (the "HSBC ShareMatch Plan") allowed eligible employees to purchase HSBC shares with a maximum monthly contribution of $318 in 2023, $302 in 2022 and $342 in 2021. For every three shares purchased under the HSBC ShareMatch Plan (the "Investment Share") the employee is awarded an additional share at no charge (the "Matching Share"). The Investment Share is fully vested at the time of purchase while the Matching Share vests at the end of three years contingent upon continuing employment with the HSBC Group. Compensation expense related to Employee Stock Purchase Plans was immaterial in 2023, 2022 and 2021, respectively. Restricted Share Plans Under the HSBC Group Share Plan, share-based awards have been granted to key employees typically in the form of restricted share units. These shares have been granted subject to either time-based vesting or performance-based vesting, typically over to five years. Annual awards to employees are generally subject to three-year time-based vesting. We also issue a small number of off-cycle grants each year, primarily for reasons related to recruitment of new employees. Compensation expense for restricted share awards totaled $19 million, $15 million and $15 million in 2023, 2022 and 2021, respectively. At December 31, 2023, future compensation cost related to grants which have not yet fully vested is approximately $12 million. This amount is expected to be recognized over a weighted-average period of one year.
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Pension and Other Postretirement Benefits |
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Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension and Other Postretirement Benefits | Pension and Other Postretirement Benefits Defined Benefit Pension Plan Certain employees are eligible to participate in the HSBC North America qualified defined benefit pension plan (either the "HSBC North America Pension Plan" or the "Plan") which facilitates a unified employee benefit policy and unified employee benefit plan administration for HSBC companies operating in the United States. Future benefit accruals for legacy participants under the final average pay formula and future contributions under the cash balance formula were previously discontinued and, as a result, the Plan is frozen. The following table reflects the portion of pension (income) expense and its related components of the combined HSBC North America Pension Plan which has been allocated to us and is recorded in our consolidated statement of income. We have not been allocated any portion of the Plan's net pension asset.
The assumptions used in determining pension (income) expense of the HSBC North America Pension Plan are as follows:
(1)Since the Plan is measured on a quarterly basis, pension (income) expense for the Plan is calculated each quarter based on the preceding quarter-end rate. Shown are the discount rates used to determine pension (income) expense for each respective quarter (i.e., first quarter / second quarter / third quarter / fourth quarter). (2)In 2022, as a result of significantly increasing yields on fixed income securities and subsequent increases in longer term capital market returns, HSBC North America decided to increase its expected long-term rate of return on Plan assets assumption to 4.00 percent during the third quarter of 2022 and 4.75 percent during the fourth quarter of 2022. The expected long-term rate of return on Plan assets assumption used during the first half of 2022 was 3.50 percent. Defined Contribution and Other Supplemental Retirement Plans Substantially all of our employees participate in a 401(k) plan. Employer contributions to the plan are based on employee contributions. Total expense recognized for this plan was $19 million, $21 million and $26 million in 2023, 2022 and 2021, respectively. Certain employees are participants in various defined contribution and other non-qualified supplemental retirement plans all of which have been frozen. Total expense recognized for these plans was immaterial in 2023, 2022 and 2021, respectively. Postretirement Plans Other Than Pensions Certain employees also participate in plans which provide medical and life insurance benefits to retirees and eligible dependents. These plans cover all eligible employees who meet certain age and vested service requirements. We have instituted dollar limits on payments under the plans to control the cost of future medical benefits. Net periodic postretirement benefit cost was immaterial in 2023, 2022 and 2021, respectively. Our postretirement benefit plans are funded on a pay-as-you-go basis. The funded status of our postretirement benefit plans was a liability of $23 million and $31 million at December 31, 2023 and 2022, respectively. We currently estimate that we will pay benefits of approximately $3 million relating to our postretirement benefit plans in 2024. The assumptions used in determining the benefit obligation of our postretirement benefit plans at December 31 are as follows:
For measurement purposes, 7.7 percent (pre-age 65) and, as it relates to the postretirement benefit plans which were not amended to eliminate future health cost increases, 9.0 percent (post-age 65) annual rates of increase in the per capita costs of covered health care benefits were assumed for 2023. These rates are assumed to decrease gradually reaching the ultimate rate of 4.5 percent in 2033, and remain at that level thereafter.
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Fee Income from Contracts with Customers |
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Fee Income from Contracts with Customers | Fee Income from Contracts with Customers The following table summarizes fee income from contracts with customers disaggregated by type of activity, as well as a reconciliation to total other revenues, during the years ended December 31, 2023, 2022 and 2021. Following the table is a description of the various types of fee-based activities and how revenue associated with these activities is recognized.
(1)Included within other income (loss) in the consolidated statement of income. (2)See Note 25, "Business Segments," for a reconciliation of total other revenues on a U.S. GAAP basis to other operating income for each business segment under the Group Reporting Basis. Credit card fees, net Credit card fees, net includes interchange fees earned from merchants who accept our cards in connection with the purchase of their goods and/or services. These fees are recognized when we satisfy the performance obligation by simultaneously approving a card holder's purchase at the point of sale and remitting payment to the merchant. We recognized interchange fees of $105 million, $104 million and $93 million during the years ended December 31, 2023, 2022 and 2021, respectively. Annual fees on credit cards, net of direct lending costs, are billed upfront and recognized on a straight-line basis over one year. Other credit card fees such as cash advance and over-limit fees are transaction based and are recognized and billed at the point in time the transaction occurs which is when the performance obligation is met. Costs related to our credit card rewards program vary based on multiple factors including card holder activity, card holder reward redemption rates and card holder reward selections. These costs are recorded when the rewards are earned by the customer and are presented as a reduction to credit card fees. Credit card rewards program costs totaled $66 million, $65 million and $67 million during the years ended December 31, 2023, 2022 and 2021, respectively. Trust and investment management fees Trust and investment management fees include investment management and administration fees which are typically billed as a percentage of the average value of a customer's assets during an agreed payment period or for some contracts, the value of a customer's assets at the end of an agreed payment period and therefore represent variable consideration. The fee percentage and payment period are agreed with the customer upfront. Generally, payment periods are monthly or quarterly and coincide with our reporting periods, thereby resolving the uncertainty of the variable consideration by the reporting date. For payment periods that do not coincide with our reporting periods, judgment is required to estimate the fee and determine the amount to include in an accrual. An accrual is only recorded to the extent it is highly probable that a significant reversal of revenue will not occur. In most cases, a significant reversal of revenue is not highly probable. Other trust and investment management fees are transaction based and are recognized and billed at the point in time the transaction occurs which is when the performance obligation is met. From time to time, we may also receive performance fees from some funds, though these fees are typically only recognized when the performance fee is determinable and the uncertainty of the variable consideration is resolved. Account services We provide services for commercial and consumer customer accounts that generate fees from various activities including: account statements, ATM transactions, cash withdrawals, wire transfers, remittances, check cashing, debit cards and internet and phone banking. The fees for these services are established in the customer account agreement and are either billed individually at the time the service is performed or on a monthly basis for a package or bundle of services as the services are performed. The performance obligation for these services is met when the services are performed. Customer account agreements typically include a package of services with multiple performance obligations or a bundle of services making up a single performance obligation. In the case of a package of services, the pattern of transfer to the customer is usually the same for all services, and therefore the package of services is treated as a single performance obligation. In some cases, a package or bundle of services is billed upfront as an annual fee and recognized on a straight-line basis over one year as the services are performed and the performance obligation is met. Credit facilities Credit facilities fees include fees generated from lending activities that are not included in the direct loan origination fees which are recognized in interest income as an adjustment to yield. This includes fees associated with loan commitments, revolving credit facilities, standby letters of credit, loan syndication and other transaction-based fees. These fees are either billed as a fixed price or as a percentage of the approved lending limit or transaction value. The fee percentage is agreed with the customer upfront. Although the percentage-based fees represent variable consideration, the uncertainty of the variable consideration is resolved by the time the revenue is recognized as the lending limit or transaction value is known on the contract or transaction date. Loan syndication fees received for managing a syndication and other transaction-based fees are recognized and billed at the point in time the transaction occurs, which is when the performance obligation is met. Fees associated with loan commitments, revolving credit facilities and standby letters of credit are billed upfront and recognized on a straight-line basis over the period the service is performed which is when the performance obligation is met (e.g., the commitment period). In the event a loan commitment or standby letter of credit is exercised, the remaining unamortized fee is recognized as an adjustment to yield over the loan term. Other fees and commissions Other fees and commissions include fees received associated with various other activities such as custody services, imports/exports, clearing and other miscellaneous services. These fees are typically transaction based and are recognized and billed at the point in time the transaction occurs which is when the performance obligation is met. Fees earned from providing customers with custody services are typically recognized and billed on a monthly basis, which is the period over which the service is performed and the performance obligation is met, as a percentage of the value of the customer's assets held in custody (calculated daily or monthly). Servicing and other fees from HSBC affiliates We receive fees from other HSBC affiliates for providing them with various banking, wealth management, trading and other miscellaneous services as well as support for certain administrative and global business activities. These fees are reported in servicing and other fees from HSBC affiliates and are typically recognized and billed on a monthly basis over the period the service is performed or for some fees that are transaction based, at the point in time the transaction occurs, which is when the performance obligation is met. See Note 24, "Related Party Transactions," for additional information regarding the various services provided and other transactions with HSBC affiliates. Insurance We earn commissions from the sale of third-party insurance policies which are typically recognized on a weekly or monthly basis, when the policy goes into effect which is when the performance obligation is met. Deferred Fee Income Information related to deferred fee income on loan commitments, revolving credit facilities and standby letters of credit is included in Note 28, "Guarantee Arrangements, Pledged Assets and Repurchase Agreements," and Note 29, "Fair Value Measurements." Excluding these items, we had deferred fee income related to certain account service fees that are paid upfront and recognized over the service period and annual fees on credit cards which collectively was $3 million at both December 31, 2023 and 2022. We expect to recognize this revenue over a remaining period of one year or less. We do not use significant judgments in the determination of the amount and timing of fee income from contracts with customers. Additionally, costs to obtain or fulfill contracts with customers were immaterial.
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Related Party Transactions |
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Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transactions | Related Party Transactions In the normal course of business, we conduct transactions with HSBC and its subsidiaries. HSBC policy requires that these transactions occur at prevailing market rates and terms and, where applicable, these transactions are compliant with United States banking regulations. All extensions of credit by (and certain credit exposures of) HSBC Bank USA to other HSBC affiliates (other than FDIC insured banks) are legally required to be secured by eligible collateral. The following tables and discussions below present the more significant related party balances and the income (expense) generated by related party transactions:
(1)Reflects purchases of securities under which other HSBC affiliates have agreed to repurchase. (2)Other assets and other liabilities primarily consist of derivative balances associated with hedging activities and other miscellaneous account receivables and payables. Other assets also includes receivables from HSBC Bank plc associated with certain client share repurchase transactions.
(1)We receive rental income from our affiliates for certain office space, which is recorded as a component of occupancy expense, net in our consolidated statement of income. (2)Employees may participate in one or more stock compensation plans sponsored by HSBC. These expenses are included in salaries and employee benefits in our consolidated statement of income. Certain employees are also eligible to participate in a defined benefit pension plan and other postretirement plans sponsored by HSBC North America which are discussed in Note 22, "Pension and Other Postretirement Benefits." Funding Arrangements with HSBC Affiliates: We use HSBC affiliates to fund a portion of our borrowing and liquidity needs. At December 31, 2023 and 2022, long-term debt with affiliates reflected $6.5 billion and $6.0 billion, respectively, of borrowings from HSBC North America. The outstanding balances include: •$2.0 billion of fixed-rate senior debt which matures in June 2025; •$2.0 billion of fixed-rate senior debt which matures in September 2025; •$0.5 billion of fixed-rate senior debt which matures in December 2027; •$1.5 billion of fixed-rate senior debt which matures in June 2030; and •$0.5 billion of fixed-rate senior debt which was issued during the fourth quarter of 2023 and matures in December 2028. We have a $4.0 billion uncommitted line of credit with HSBC North America. The available borrowing capacity under this facility is fungible between HSBC USA, HSBC Securities (USA) Inc. ("HSI") and HSBC North America, but total borrowings cannot collectively exceed $4.0 billion at any time. We had no outstanding borrowing under this credit facility at either December 31, 2023 or 2022. We also incur short-term borrowings with certain affiliates. In addition, certain affiliates have placed deposits with us. Lending and Derivative Related Arrangements Extended to HSBC Affiliates: At December 31, 2023 and 2022, we had the following loan balances outstanding with HSBC affiliates:
HMUS and subsidiaries We have extended loans and lines of credit, some of them uncommitted, to HMUS and its subsidiaries in the amount of $13.3 billion and $12.8 billion at December 31, 2023 and 2022, respectively, of which $1.3 billion and $2.2 billion, respectively, was outstanding. The maturities of the outstanding balances range from overnight to one month. Each borrowing is re-evaluated prior to its maturity date and either extended or allowed to mature. HSBC North America Under the $4.0 billion uncommitted fungible line of credit with HSBC North America as discussed above, there was $1.3 billion outstanding at both December 31, 2023 and 2022. The outstanding balance includes $1.0 billion that matures in May 2024 and $300 million that matures in July 2024. We have extended lines of credit to various other HSBC affiliates totaling $3.9 billion which did not have any outstanding balances at either December 31, 2023 or 2022. Other short-term affiliate lending In addition to loans and lines extended to affiliates discussed above, from time to time we may extend loans to affiliates which are generally short term in nature. At December 31, 2023 and 2022, there were nil and $64 million, respectively, of these loans outstanding. Derivative contracts As part of a global HSBC strategy to offset interest rate or other market risks associated with certain securities, debt issues and derivative contracts with unaffiliated third parties, we routinely enter into derivative transactions with HSBC Bank plc and other HSBC affiliates. The notional value of derivative contracts related to these transactions was approximately $719.6 billion and $789.2 billion at December 31, 2023 and 2022, respectively. The net credit exposure (defined as the net fair value of derivative assets and liabilities, including any collateral received) related to the contracts was approximately $29 million and $24 million at December 31, 2023 and 2022, respectively. We account for these transactions on a mark to market basis, with the change in value of contracts with HSBC affiliates substantially offset by the change in value of related contracts entered into with unaffiliated third parties. In September 2023, our Markets and Securities Services business segment entered into an agreement to refer transactions related to all future precious metals trading and financing activities associated with our Global Banking clients to HSBC Bank plc. We continue to provide sales and trading services to HSBC Bank plc in support of these activities, which allows us to record sales commissions and performance fees for such activities while holding fewer assets on our balance sheet. As the transfer was between affiliates under common control, the consideration received in excess of our carrying value resulted in an increase to additional paid-in-capital of $8 million, net of tax. Income before tax of these activities was not material. In conjunction with the agreement, during the third quarter of 2023, we also transferred a portion of our precious metals trading assets inventory with a fair value of approximately $0.9 billion to HSBC Bank plc. Services Provided Between HSBC Affiliates: Under multiple service level agreements, we provide services to and receive services from various HSBC affiliates. The following summarizes these activities: •HSBC North America's technology and support services, including risk management, compliance, operations, finance, tax, legal, human resources, corporate affairs and other shared services, are centralized within HTSU. HTSU also provides certain item processing and statement processing activities to us. The fees we pay HTSU for the centralized support services and processing activities are included in support services from HSBC affiliates. We also receive fees from HTSU for providing certain administrative services to them. The fees we receive from HTSU are included in servicing and other fees from HSBC affiliates. In certain cases, for facilities used by HTSU, we may guarantee their performance under the lease agreements. •We use other subsidiaries of HSBC, including HSBC Global Services Limited an HSBC subsidiary located outside of the United States, to provide various support services to our operations, including among other areas, information technology, software development, customer service, collection, risk management and accounting. The expenses related to these services are included in support services from HSBC affiliates. •We utilize HSI, a subsidiary of HMUS, for broker dealer, debt underwriting, customer referrals, loan syndication and other treasury and traded markets related services, pursuant to service level agreements. Debt underwriting fees charged by HSI are deferred as a reduction of long-term debt and amortized to interest expense over the life of the related debt. Fees charged by HSI for the other services are included in support services from HSBC affiliates. We also receive fees from HSI for providing certain wealth management services to them. The fees we receive from HSI are included in servicing and other fees from HSBC affiliates. •We receive fees from other subsidiaries of HSBC, including HSBC Bank plc, for providing them with banking, trading and other miscellaneous services as well as support for certain administrative and global business activities. These fees are reported in servicing and other fees from HSBC affiliates. Other Transactions with HSBC Affiliates: At both December 31, 2023 and 2022, we had $265 million of non-cumulative preferred stock issued and outstanding to HSBC North America. See Note 19, "Preferred Stock," for additional details. During 2023, we paid dividends on our common stock of $1.5 billion from retained earnings to HSBC North America. See Note 26, "Retained Earnings and Regulatory Capital Requirements," for additional details.
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments | Business Segments We have distinct businesses, which are aligned with HSBC's global business strategy: Wealth and Personal Banking ("WPB"), Commercial Banking ("CMB") and Global Banking and Markets ("GBM"). These businesses and a Corporate Center ("CC") serve as our reportable segments with the exception of GBM. Our GBM business is comprised of three distinct operating segments: Global Banking ("GB"), Markets and Securities Services ("MSS"), and Global Banking and Markets Other ("GBM Other"), which are separately reported. There have been no changes in the basis of our segmentation as compared with the presentation in our Annual Report on Form 10-K for the year ended December 31, 2022 ("2022 Form 10-K"). Net interest income of each segment represents the difference between actual interest earned on assets and interest incurred on liabilities of the segment, adjusted for a funding charge or credit that includes both interest rate and liquidity components. Segments are charged a cost to fund assets (e.g., customer loans) and receive a funding credit for funds provided (e.g., customer deposits) based on equivalent market rates that incorporate both repricing (interest rate risk) and tenor (liquidity) characteristics. The objective of these charges/credits is to transfer interest rate risk to one centralized unit in Markets Treasury. Markets Treasury income statement and balance sheet results are allocated to each of the global businesses based upon tangible equity levels and levels of any surplus liabilities. Certain other revenue and operating expense amounts are also apportioned among the business segments based upon the benefits derived from this activity or the relationship of this activity to other segment activity. These inter-segment transactions have not been eliminated, and we generally account for them as if they were with third parties. Our segment results are presented in accordance with HSBC Group accounting and reporting policies, which apply IFRSs as issued by the IASB. As a result, our segment results are prepared and presented using financial information prepared on the Group Reporting Basis as operating results are monitored and reviewed, trends are evaluated and decisions about allocating resources, such as employees, are primarily made on this basis. We continue, however, to monitor capital adequacy and report to regulatory agencies on a U.S. GAAP basis. During the second quarter of 2023, we implemented a change to our internal management reporting to report net funding charges associated with MSS trading activities within other operating income (expense) to better align with the trading revenue generated by such activities. Historically, these funding charges were reported within net interest income (expense). There was no impact to consolidated net interest income (expense) or other operating income (expense) as these net funding charges are reversed back into net interest income (expense) in the CC. As a result, we have aligned our segment reporting for MSS and CC to reflect this change for all periods presented. The following table summarizes the impact of this change on reported segment net interest income (expense) and other operating income (expense) for the years ended December 31, 2022 and 2021:
There have been no other changes in the measurement of segment profit as compared with the presentation in our 2022 Form 10-K. A summary of significant differences between U.S. GAAP and the Group Reporting Basis as they impact our results is presented below: Net Interest Income Loan origination - The scope of loan origination costs deferred is more stringent under the Group Reporting Basis and generally results in lower costs being deferred than permitted under U.S. GAAP. In addition, deferred loan origination fees, costs and loan premiums are generally amortized to earnings based on the expected life of the loan under the Group Reporting Basis as part of the effective interest calculation, while under U.S. GAAP, they are generally amortized to earnings based on either a contractual or expected life basis. In the case of credit cards, while under the Group Reporting Basis deferred costs are amortized over the expected life of the credit card relationship, they are amortized over a shorter period of one year under U.S. GAAP. Leases - Under the Group Reporting Basis, all leases are recognized as financing arrangements with interest expense on the lease liability recognized separately from depreciation of the ROU asset, which generally results in a front-loaded pattern of total lease expense. Under U.S. GAAP, expense on operating leases is generally recognized on a straight-line basis in operating expenses. Deposit incentives - Under the Group Reporting Basis, costs associated with cash back incentives offered on customer deposits are deferred and amortized to interest expense over the incentive period, while under U.S. GAAP, such costs are recognized immediately in operating expenses. Other Operating Income (Total Other Revenues) Loans held for sale - For loans transferred to held for sale subsequent to origination, the Group Reporting Basis requires these loans to be reported separately on the balance sheet when certain criteria are met which are generally more stringent than those under U.S. GAAP, but does not change the recognition and measurement criteria. Accordingly, for the Group Reporting Basis, such loans continue to be accounted for and credit losses continue to be measured in accordance with IFRS 9, "Financial Instruments," with any gain or loss recorded at the time of sale. U.S. GAAP requires loans that meet the held for sale classification requirements be transferred to a held for sale category and subsequently measured at the lower of amortized cost or fair value. The existing allowance for credit losses at the time of transfer is recognized as a charge-off to the extent fair value is less than amortized cost and attributable to credit, with any remaining allowance for credit losses released to the provision for credit losses. Under U.S. GAAP, the component of the lower of amortized cost or fair value adjustment upon transfer to held for sale related to credit risk is recorded in provision for credit losses while the component related to interest rates and liquidity factors is recorded in other revenues. Changes in the lower of amortized cost or fair value after the initial transfer to held for sale are recorded in other revenues to the extent permissible. For loans originated with the intent to sell, the Group Reporting Basis requires these loans to be classified as trading assets and recorded at their fair value, with gains and losses recorded in trading revenue. Under U.S. GAAP, such loans are classified as loans held for sale and, with the exception of certain loans accounted for under FVO accounting, are recorded at the lower of amortized cost or fair value, with changes in the lower of amortized cost or fair value adjustment recorded in other revenues to the extent permissible. Renewable energy tax credit investments - Under the Group Reporting Basis, the amortization of our investment balance is presented in income tax expense, while under U.S. GAAP, the amortization of our investment balance is presented in other revenues. Low income housing tax credit investments - Under the Group Reporting Basis, the amortization of our investment balance and associated tax benefits are presented net in other operating income, while under U.S. GAAP, the amortization of our investment balance and associated tax benefits are presented net in income tax expense. Gain on transfer of precious metals trading client relationships to an affiliate - In September 2023, our MSS business segment entered into an agreement to refer transactions related to all future precious metals trading and financing activities associated with our Global Banking clients to HSBC Bank plc. Under the Group Reporting Basis, a gain on transfer of client relationships is required to be recognized in earnings, regardless of whether the transfer is to a third party or related party. Under U.S. GAAP, when a transfer of client relationships is between affiliates under common control, the gain is reflected as a capital transaction and recorded in common equity as a component of additional paid-in capital. Expected Credit Losses (Provision for Credit Losses) Expected credit losses - Under U.S. GAAP, we maintain an allowance for credit losses that reflects our estimate of lifetime ECL. However, under the Group Reporting Basis only financial assets which are considered to have experienced a significant increase in credit risk ("stage 2") or for which there is objective evidence of impairment ("stage 3") require an allowance based on lifetime ECL. Under the Group Reporting Basis, financial assets at initial recognition and which have not experienced a significant increase in credit risk since initial recognition are considered to be in "stage 1" and only require an allowance based on expected credit losses resulting from default events that are possible within the next 12 months ("12-month ECL"). Under the Group Reporting Basis, a majority of our loans are considered to be in stage 1 and only a 12-month ECL is recorded. Primarily as a result of this difference, the allowance for credit losses is higher under U.S. GAAP than under the Group Reporting Basis. In addition to the differences discussed above, under the Group Reporting Basis, the allowance for credit losses includes estimated ECL arising from expected future draws on unused credit card lines, while under U.S. GAAP, unused credit card lines are considered unconditionally cancellable and expected future draws are not reserved for. Loans held for sale - As discussed more fully above under "Other Operating Income (Total Other Revenues)," under U.S. GAAP for loans that are transferred to held for sale, the existing allowance for credit losses at the time of transfer is recognized as a charge-off or released to the provision for credit losses. There is no similar requirement under the Group Reporting Basis. In addition, during 2022, we sold certain previously charged-off credit card and other consumer loans which resulted in a $9 million recovery under the Group Reporting Basis. This transaction did not qualify as a sale under U.S. GAAP and, as a result, the recovery is being deferred and amortized over the estimated collection period. Other long-lived assets - A long-lived asset group is tested for impairment when events or changes in circumstances indicate that the carrying amount of a long-lived asset group might not be recoverable. Under U.S. GAAP, if the estimated undiscounted cash flows of the long-lived asset group exceed its carrying amount, an impairment is not recognized. However, if the estimated undiscounted cash flows are less than the carrying amount of the long-lived asset group, a second step is performed to determine fair value and an impairment loss is required if the carrying amount of the long-lived asset group exceeds fair value. Under the Group Reporting Basis, there is no separate undiscounted cash flow test and an impairment loss is recognized if the carrying amount of the cash generating unit exceeds the higher of its value in use or fair value less costs to sell. In 2020, we recorded an impairment charge under the Group Reporting Basis related to the write-off of all the capitalized software and a portion of the leasehold improvements associated with our WPB business segment. Under U.S. GAAP, the estimated undiscounted cash flows of the long-lived asset group exceeded its carrying amount and no impairment charge was required. Subsequent to recognition of the impairment charge in 2020, expenditures for software development and newly completed leasehold improvements in our WPB business segment were capitalized and amortized over their useful lives under U.S. GAAP, but not under the Group Reporting Basis. Consequently, the carrying amounts of capitalized software and leasehold improvements were higher under U.S. GAAP than under the Group Reporting Basis and, as a result, corresponding amortization expense was higher under U.S. GAAP. In addition, during 2021, we determined we would exit certain branches as part of our Restructuring Plan and, as a result, we recorded an impairment charge of $18 million under U.S. GAAP to write-off the leasehold improvements associated with these branches. These leasehold improvements were previously written-off under the Group Reporting Basis. In 2023, we recorded a reversal of $149 million of impairment charges under the Group Reporting Basis related to capitalized software and leasehold improvements primarily associated with our WPB business segment which were previously written-off as discussed above. During the second quarter of 2023, we determined that the cash generating unit was no longer impaired under the Group Reporting Basis and that its estimated fair value exceeded its carrying value, which resulted in the re-establishment of these assets at their recoverable amount net of amortization that would have been recorded had no impairment loss been recognized and excluding any assets that have since been sold. During 2023, we also recorded $22 million of lease related impairment charges under U.S. GAAP primarily associated with the exit of certain office space, while under the Group Reporting Basis, impairment was recognized when we committed to vacate the space in the fourth quarter of 2022. Loan origination - As discussed more fully above under "Net Interest Income," loan origination cost deferrals are more stringent under the Group Reporting Basis and generally result in lower costs being deferred than permitted under U.S. GAAP. Leases - As discussed more fully above under "Net Interest Income," all leases are recognized as financing arrangements under the Group Reporting Basis with interest expense on the lease liability recognized separately from depreciation of the ROU asset. Under U.S. GAAP, expense on operating leases is generally recognized on a straight-line basis in operating expenses. Deposit incentives - As discussed more fully above under "Net Interest Income," incentive costs on customer deposits are deferred and amortized to interest expense under the Group Reporting Basis, while under U.S. GAAP, such costs are recognized immediately in operating expenses. Pension and other postretirement benefit costs - Under U.S. GAAP, pension expense reflects the expected return on plan assets based on the fair value of plan assets, offset by the interest cost on our projected benefit obligation. Additionally, under U.S. GAAP, pension expense includes the amortization of the amount by which actuarial losses or gains exceed the higher of 10 percent of the projected benefit obligation or fair value of plan assets (the corridor). Under the Group Reporting Basis, pension expense is determined using a finance cost component comprising the net interest on the net defined benefit liability, which does not reflect the benefit from the expectation of higher returns on plan assets. Litigation expense - Under U.S. GAAP, litigation accruals are recorded when it is probable a liability has been incurred and the amount is reasonably estimable. Under the Group Reporting Basis, a present obligation and a probable outflow of economic benefits must exist for an accrual to be recorded. This may create differences in the timing of accrual recognition between the Group Reporting Basis and U.S. GAAP. Additionally, under the Group Reporting Basis, legal costs to defend litigation are accrued at the time that a liability is recorded for the related litigation, while under U.S. GAAP, these costs are recognized as services are performed. Assets Derivatives - Under U.S. GAAP, derivative receivables and payables with the same counterparty may be reported on a net basis in the balance sheet when there is a legally enforceable netting agreement in place. In addition, under U.S. GAAP, fair value amounts recognized for the obligation to return cash collateral received or the right to reclaim cash collateral paid are offset against the fair value of derivative instruments. Under the Group Reporting Basis, these agreements do not necessarily meet the requirements for offset, and therefore such derivative receivables and payables are presented gross on the balance sheet. Loans - As discussed more fully above under "Other Operating Income (Total Other Revenues)," on a Group Reporting Basis, loans designated as held for sale at the time of origination and accrued interest are classified as trading assets. In addition, the accounting requirements governing when loans previously held for investment are transferred to a held for sale category are more stringent under the Group Reporting Basis than under U.S. GAAP which results in loans generally being reported as held for sale later than under U.S. GAAP. Precious metal loans - Under U.S. GAAP, precious metals leased or loaned to customers are reclassified from trading precious metals into loans and interest is accrued, while under the Group Reporting Basis, precious metals leased or loaned to customers continue to be part of the precious metal inventory recorded in other assets and are carried at fair value. Loan allowance - As discussed more fully above under "Expected Credit Losses (Provision for Credit Losses)," under U.S. GAAP, the allowance for credit losses is recognized based on lifetime ECL, while under the Group Reporting Basis, financial assets at initial recognition and which have not experienced a significant increase in credit risk since initial recognition only require an allowance based on 12-month ECL. Other long-lived assets - As discussed more fully above under "Operating Expenses," we previously recorded impairment charges under the Group Reporting Basis and, as a result, the carrying amounts of capitalized software and leasehold improvements were higher under U.S. GAAP than under the Group Reporting Basis. Under the Group Reporting Basis, an impairment loss is recognized if the carrying amount of the cash generating unit exceeds the higher of its value in use or fair value less costs to sell, while under U.S. GAAP, if the estimated undiscounted cash flows of the long-lived asset group exceed its carrying amount, an impairment is not recognized. During 2023, we determined that the cash generating unit was no longer impaired under the Group Reporting Basis, which resulted in the re-establishment of these assets at their recoverable amount. Goodwill - The Group Reporting Basis and U.S. GAAP require goodwill to be tested for impairment at least annually, or more frequently if circumstances indicate that goodwill may be impaired. Under the Group Reporting Basis, goodwill was amortized until 2005, however goodwill was amortized under U.S. GAAP until 2002, which resulted in a lower carrying amount of goodwill under the Group Reporting Basis. Methods, assumptions and reporting groups used to calculate impairment under the Group Reporting Basis may differ locally from that utilized by HSBC. The following table summarizes the results for each segment on a Group Reporting Basis, as well as provides a reconciliation of total results under the Group Reporting Basis to U.S. GAAP consolidated totals:
(1)Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis. These adjustments, which are more fully described above, consist of the following:
(2)Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.
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Retained Earnings and Regulatory Capital Requirements |
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Retained Earnings Note Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retained Earnings and Regulatory Capital Requirements | Retained Earnings and Regulatory Capital Requirements Bank dividends are one of the sources of funds used for payment of shareholder dividends and other HSBC USA cash needs. Approval from the Office of the Comptroller of the Currency ("OCC") is required if the total of all dividends HSBC Bank USA declares in any year exceeds the cumulative net income for that year, combined with the net income for the two preceding years reduced by dividends attributable to those years. OCC approval also is required for a reduction of permanent capital of HSBC Bank USA. Under a separate restriction, payment of dividends is prohibited in amounts greater than undivided profits then on hand, after deducting actual losses and bad debts. Bad debts are debts due and unpaid for a period of six months unless well secured, as defined, and in the process of collection. We are subject to regulatory capital rules issued by U.S. banking regulators including Basel III (the "Basel III rule"). A bank or bank holding company's failure to meet minimum capital requirements can result in certain mandatory actions and possibly additional discretionary actions by its regulators. The following table summarizes the capital amounts and ratios of HSBC USA and HSBC Bank USA, calculated in accordance with the Basel III rule at December 31, 2023 and 2022:
(1)HSBC USA and HSBC Bank USA are categorized as "well-capitalized," as defined by their principal regulators. To be categorized as well-capitalized under regulatory guidelines, a banking institution must maintain capital equal to or in excess of the ratios reflected in the above table, and must not be subject to a directive, order, or written agreement to meet and maintain specific capital levels. (2)There are no common equity Tier 1 or Tier 1 leverage ratio components in the definition of a well-capitalized bank holding company. The ratios shown are the regulatory minimums. (3)Calculated using the Standardized Approach. (4)Represents the Tier 1 leverage ratio denominator which reflects quarterly average assets adjusted for amounts permitted to be deducted from Tier 1 capital. During 2023, HSBC USA did not receive any cash capital contributions from its parent, HSBC North America. During 2023, HSBC USA made a capital contribution of $17 million to its subsidiary, HSBC Bank USA. During 2023, HSBC USA received common stock dividends of $1.8 billion from its subsidiary, HSBC Bank USA, and paid dividends on its common stock of $1.5 billion from retained earnings to its parent, HSBC North America.
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Variable Interest Entities |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entities | Variable Interest Entities In the ordinary course of business, we have organized special purpose entities ("SPEs") primarily to structure financial products to meet our clients' investment needs, to facilitate clients to access and raise financing from capital markets and to securitize financial assets held to meet our own funding needs. For disclosure purposes, we aggregate SPEs based on the purpose, risk characteristics and business activities of the SPEs. An SPE is a VIE if it lacks sufficient equity investment at risk to finance its activities without additional subordinated financial support or, as a group, the holders of the equity investment at risk lack either a) the power through voting or similar rights to direct the activities of the entity that most significantly impacts the entity's economic performance; or b) the obligation to absorb the entity's expected losses, the right to receive the expected residual returns, or both. Variable Interest Entities We consolidate VIEs in which we hold a controlling financial interest as evidenced by the power to direct the activities of a VIE that most significantly impact its economic performance and the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE and therefore are deemed to be the primary beneficiary. We take into account our entire involvement in a VIE (explicit or implicit) in identifying variable interests that individually or in the aggregate could be significant enough to warrant our designation as the primary beneficiary and hence require us to consolidate the VIE or otherwise require us to make appropriate disclosures. We consider our involvement to be potentially significant where we, among other things, (i) enter into derivative contracts to absorb the risks and benefits from the VIE or from the assets held by the VIE; (ii) provide a financial guarantee that covers assets held or liabilities issued by a VIE; (iii) sponsor the VIE in that we design, organize and structure the transaction; and (iv) retain a financial or servicing interest in the VIE. We are required to evaluate whether to consolidate a VIE when we first become involved and on an ongoing basis. In almost all cases, a qualitative analysis of our involvement in the entity provides sufficient evidence to determine whether we are the primary beneficiary. In rare cases, a more detailed analysis to quantify the extent of variability to be absorbed by each variable interest holder is required to determine the primary beneficiary. Consolidated VIEs The following table summarizes assets and liabilities related to our consolidated VIEs at December 31, 2023 and 2022 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation.
Low income housing limited liability partnership In 2009, all low income housing investments held by us at the time were transferred to a Limited Liability Partnership ("LLP"). The LLP was created in order to ensure the utilization of future tax benefits from these low income housing tax projects. The LLP was deemed to be a VIE because it does not have sufficient equity investment at risk to finance its activities. Upon entering into this transaction, we concluded that we were the primary beneficiary of the LLP due to the nature of our continuing involvement and, as a result, we consolidate the LLP and report the assets of the LLP in other assets on our consolidated balance sheet. The investments held by the LLP represent equity investments in the underlying low income housing partnerships. The LLP does not consolidate the underlying partnerships because it does not have the power to direct the activities of the partnerships that most significantly impact the economic performance of the partnerships. We amortize our low income housing investments in proportion to the allocated tax benefits under the proportional amortization method and present the associated tax benefits net of investment amortization in income tax expense. Venture debt financing entity HSBC USA has organized and provided equity financing to HSBC Ventures USA Inc. ("HSBC Ventures"), an entity designed to provide debt financing to venture capital-backed companies generally in the form of term or revolving loans, or loan commitments. Given the generally early stage and development of the companies, the loans are typically collateralized by all of the company's assets and intellectual property, or by specific items such as receivables or equipment. The loan terms may, at times, also include warrants for company stock granting HSBC Ventures a share of the financial returns in case of a positive realization event. HSBC USA also provides debt financing to HSBC Ventures in the form of loans on an as-needed basis. Prior to the fourth quarter of 2023, HSBC Ventures was a VIE because it did not have sufficient equity investment at risk to finance its activities. As the sole investor, HSBC USA was considered to be the primary beneficiary because it had the obligation to absorb losses and the right to receive benefits that could be potentially significant to HSBC Ventures. As a result, we consolidated HSBC Ventures and reported the third-party loans and warrants, if any, on our consolidated balance sheet. During the fourth quarter of 2023, HSBC USA increased its equity investment in HSBC Ventures which caused HSBC Ventures to have sufficient equity investment at risk to finance its activities. As a result, HSBC Ventures is no longer deemed to be a VIE and will no longer be reported as such. However, we will continue to consolidate HSBC Ventures and report the third-party loans and warrants, if any, on our consolidated balance sheet. Unconsolidated VIEs We also have variable interests in other VIEs that are not consolidated because we are not the primary beneficiary. The following table provides additional information on these unconsolidated VIEs, including the variable interests held by us and our maximum exposure to loss arising from our involvement in these VIEs, at December 31, 2023 and 2022:
Information on the types of VIEs with which we are involved, the nature of our involvement and the variable interests held in those entities is presented below. Limited partnership investments We invest as a limited partner in partnerships that operate qualified affordable housing, renewable energy and community development projects. The returns of these investments are generated primarily from the tax benefits, including Federal tax credits and tax deductions from operating losses in the project companies. In addition, some of the investments help us comply with the Community Reinvestment Act. Certain limited partnership structures are considered to be VIEs because either (a) they do not have sufficient equity investment at risk or (b) the limited partners with equity at risk do not have substantive kick-out rights through voting rights or substantive participating rights over the general partner. As a limited partner, we are not the primary beneficiary of the VIEs and do not consolidate them. Our investments in these partnerships are recorded in other assets on the consolidated balance sheet. The maximum exposure to loss shown in the table above represents our recorded investments as well as any outstanding funding commitments extended to the partnerships. Asset-backed financing SPEs In 2023 and 2021, we sold portfolios of commercial real estate loans and provided loans to the third-party buyer sponsored SPEs for portions of the purchase prices. The SPEs are asset-backed financing entities that issued residual beneficial interests to third-party investors. The loans we provided to the SPEs are senior to the residual beneficial interests and are secured by the commercial real estate loans held by the SPEs. Cash flows from the commercial real estate loans will be used first to settle the interest and principal payments of the loans, with any excess cash flows attributable to the residual interest holders. The SPEs are VIEs in which we have variable interests through our ownership of the loans, which are arm's-length transactions. We do not have the power to direct the activities that most significantly impact the VIEs' economic performance. In addition, the VIEs are designed such that the residual interest holders absorb any expected loss and/or benefit that could be potentially significant to the VIEs and, therefore, we are not the primary beneficiaries. The maximum exposure to loss shown in the table above represents our recorded investments in the loans without consideration of any recovery benefits from the value of the commercial real estate loans. Third-party sponsored securitization entities We invest in asset-backed securities issued by third-party sponsored securitization entities which may be considered VIEs. The investments are transacted at arm's-length and decisions to invest are based on a credit analysis of the underlying collateral assets or the issuer. We are a passive investor in these issuers and do not have the power to direct the activities of these issuers. As such, we do not consolidate these securitization entities. Additionally, we do not have other involvements in servicing or managing the collateral assets or provide financial or liquidity support to these issuers which potentially give rise to risk of loss exposure. These investments are an integral part of the disclosure in Note 5, "Trading Assets and Liabilities," Note 6, "Securities," and Note 29, "Fair Value Measurements," and, therefore, are not disclosed in this note to avoid redundancy. In addition to the above, we have established and manage money market funds and non-money market mutual funds to provide customers with investment opportunities. As fund manager, we may be entitled to receive management fees based on the assets under management. We do not consolidate the funds because we do not absorb the majority of the expected future risk associated with the fund's assets, including interest rate, liquidity, credit and other relevant risks that are expected to affect the value of the assets.
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Guarantee Arrangements, Pledged Assets and Repurchase Agreements |
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Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantee Arrangements, Pledged Assets and Repurchase Agreements | Guarantee Arrangements, Pledged Assets and Repurchase Agreements Guarantee Arrangements As part of our normal operations, we enter into credit derivatives and various off-balance sheet guarantee arrangements with affiliates and third parties. These arrangements arise principally in connection with our lending and client intermediation activities and include standby letters of credit and certain credit derivative transactions. The contractual amounts of these arrangements represent our maximum possible credit exposure in the event that we are required to fulfill the maximum obligation under the contractual terms of the guarantee. The following table presents total carrying value and contractual amounts of our sell protection credit derivatives and major off-balance sheet guarantee arrangements at December 31, 2023 and 2022. Following the table is a description of the various arrangements.
(1)Includes $1,483 million and $2,744 million of notional issued for the benefit of HSBC affiliates at December 31, 2023 and 2022, respectively. (2)For credit derivatives, the maximum loss is represented by the notional amounts without consideration of mitigating effects from collateral or recourse arrangements. (3)Includes $2,080 million and $2,069 million of both financial and performance standby letters of credit issued for the benefit of HSBC affiliates at December 31, 2023 and 2022, respectively. (4)For standby letters of credit, maximum loss represents losses to be recognized assuming the letters of credit have been fully drawn and the obligors have defaulted with zero recovery. Credit-Risk Related Guarantees Credit derivatives Credit derivatives are financial instruments that transfer the credit risk of a reference obligation from the credit protection buyer to the credit protection seller who is exposed to the credit risk without buying the reference obligation. We sell credit protection on underlying reference obligations (such as loans or securities) by entering into credit derivatives, primarily in the form of credit default swaps, with various institutions. We account for all credit derivatives at fair value. Where we sell credit protection to a counterparty that holds the reference obligation, the arrangement is effectively a financial guarantee on the reference obligation. Under a credit derivative contract, the credit protection seller will reimburse the credit protection buyer upon occurrence of a credit event (such as bankruptcy, insolvency, restructuring or failure to meet payment obligations when due) as defined in the derivative contract, in return for a periodic premium. Upon occurrence of a credit event, we will pay the counterparty the stated notional amount of the derivative contract and receive the underlying reference obligation. The recovery value of the reference obligation received could be significantly lower than its notional principal amount when a credit event occurs. Certain derivative contracts are subject to master netting arrangements and related collateral agreements. A party to a derivative contract may demand that the counterparty post additional collateral in the event its net exposure exceeds certain predetermined limits and when the credit rating falls below a certain grade. We set the collateral requirements by counterparty such that the collateral covers various transactions and products, and is not allocated to specific individual contracts. We manage our exposure to credit derivatives using a variety of risk mitigation strategies where we enter into offsetting hedge positions or transfer the economic risks, in part or in entirety, to investors through the issuance of structured credit products. We actively manage the credit and market risk exposure in the credit derivative portfolios on a net basis and, as such, retain no or a limited net position at any time. The following table summarizes our net credit derivative positions at December 31, 2023 and 2022:
(1)Positions are presented net in the table above to provide a complete analysis of our risk exposure and depict the way we manage our credit derivative portfolio. The offset of the sell-protection credit derivatives against the buy-protection credit derivatives may not be legally binding in the absence of master netting agreements with the same counterparty. Furthermore, the credit loss triggering events for individual sell-protection credit derivatives may not be the same or occur in the same period as those of the buy-protection credit derivatives thereby not providing an exact offset. Standby letters of credit A standby letter of credit is issued to a third party for the benefit of a client and is a guarantee that the client will perform or satisfy certain obligations under a contract. It irrevocably obligates us to pay a specified amount to the third-party beneficiary if the client fails to perform the contractual obligation. We issue two types of standby letters of credit: performance and financial. A performance standby letter of credit is issued where the client is required to perform some non-financial contractual obligation, such as the performance of a specific act, whereas a financial standby letter of credit is issued where the client's contractual obligation is of a financial nature, such as the repayment of a loan or debt instrument. The issuance of a standby letter of credit is subject to our credit approval process and collateral requirements. We charge fees for issuing letters of credit commensurate with the client's credit evaluation and the nature of any collateral. Included in other liabilities are deferred fees on standby letters of credit amounting to $49 million and $52 million at December 31, 2023 and 2022, respectively. Also included in other liabilities is an allowance for credit losses on unfunded standby letters of credit of $17 million and $15 million at December 31, 2023 and 2022, respectively. The following table summarizes the credit ratings related to guarantees including the ratings of counterparties against which we sold credit protection and financial standby letters of credit at December 31, 2023 as an indicative proxy of payment risk:
(1)The credit ratings in the table represent external credit ratings for classification as investment grade and non-investment grade. (2)External ratings for most of the obligors are not available. Presented above are the internal credit ratings which are developed using similar methodologies and rating scale equivalent to external credit ratings for purposes of classification as investment grade and non-investment grade. Our internal credit ratings are determined based on HSBC's risk rating systems and processes which assign a credit grade based on a scale which ranks the risk of default of a client. The credit grades are assigned and used for managing risk and determining level of credit exposure appetite based on the client's operating performance, liquidity, capital structure and debt service ability. In addition, we also incorporate subjective judgments into the risk rating process concerning such things as industry trends, comparison of performance to industry peers and perceived quality of management. We compare our internal risk ratings to outside external rating agency benchmarks, where possible, at the time of formal review and regularly monitor whether our risk ratings are comparable to the external ratings benchmark data. A non-investment grade rating of a referenced obligor has a negative impact to the fair value of the credit derivative and increases the likelihood that we will be required to perform under the credit derivative contract. We employ market-based parameters and, where possible, use the observable credit spreads of the referenced obligors as measurement inputs in determining the fair value of the credit derivatives. We believe that such market parameters are more indicative of the current status of payment/performance risk than external ratings by the rating agencies which may not be forward-looking in nature and, as a result, lag behind those market-based indicators. Non Credit-Risk Related Guarantees and Other Arrangements Visa covered litigation In 2008, we received Class B Shares as part of Visa's initial public offering ("IPO"). Pursuant to the IPO, we, along with all the other Class B shareholders, agreed to indemnify Visa for the claims and obligations arising from certain specific covered litigation. The Class B Shares are not eligible to be converted into publicly traded Class A Shares until settlement of the covered litigation described in Note 30, "Litigation and Regulatory Matters." Accordingly, the Class B Shares are considered restricted and are only transferable under limited circumstances, which include transfers to other Class B shareholders. In 2016 and 2017, we sold substantially all of our Visa Class B Shares to a third party. Under the terms of the sale agreements, we entered into swap agreements with the purchaser to retain the litigation risk associated with the Class B Shares sold until the related litigation is settled and the Class B Shares can be converted into Class A Shares. These swaps had a carrying value of $40 million and $38 million at December 31, 2023 and 2022, respectively. The swap agreements we entered into with the purchaser require us to (a) make periodic payments, calculated by reference to the market price of Class A Shares and (b) make or receive payments based on subsequent changes in the conversion rate of Class B Shares into Class A Shares. We have entered into a total return swap position to economically hedge the periodic payments made under these swap agreements. The payments under the derivative will continue until the Class B Shares are able to be converted into Class A Shares. The fair value of the swap agreements is estimated using a discounted cash flow methodology and is dependent upon the final resolution of the related litigation. Changes in fair value between periods are recognized in other income (loss). During 2023, we recorded a loss of $40 million related to extending the expected timing of the final resolution of the related litigation and, to a lesser extent, a change in the Visa Class B share conversion rate compared with losses of $36 million and $3 million during 2022 and 2021, respectively. See Note 16, "Derivative Financial Instruments," for further information. Clearing houses and exchanges We are a member of various exchanges and clearing houses that trade and clear securities and/or derivatives contracts. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, members of a clearing house may be required to contribute to a guaranty fund to backstop members' obligations to the clearing house. As a member, we may be required to pay a proportionate share of the financial obligations of another member who defaults on its obligations to the exchange or the clearing house. Our guarantee obligations would arise only if the exchange or clearing house had exhausted its resources. Any potential contingent liability under these membership agreements cannot be estimated. Lease Obligations We are obligated under a number of noncancellable operating leases for premises and equipment. See Note 12, "Leases," for information regarding our leases, including a maturity analysis of our operating lease liabilities. Mortgage Loan Repurchase Obligations We originate and sell mortgage loans to third parties and provide various representations and warranties related to, among other things, the ownership of the loans, the validity of the liens, the loan selection and origination process, and the compliance to the origination criteria established by the government agencies. In the event of a breach of our representations and warranties, we may be obligated to repurchase the loans with identified defects or to indemnify the buyers. Our contractual obligation arises only when the breach of representations and warranties are discovered and repurchase is demanded. In estimating our repurchase liability arising from breaches of representations and warranties, we consider historical losses on residual risks not covered by settlement agreements adjusted for any risk factors not captured in the historical losses as well as the level of outstanding repurchase demands received. Outstanding repurchase demands received were immaterial at December 31, 2023 and 2022. Our estimated repurchase liability for obligations arising from the breach of representations and warranties associated with mortgage loans sold was $23 million and $15 million at December 31, 2023 and 2022, respectively. Our repurchase liability represents our best estimate of the loss that has been incurred, including interest, arising from breaches of representations and warranties associated with mortgage loans sold. Because the level of mortgage loan repurchase losses is dependent upon economic factors, investor demand strategies and other external risk factors such as housing market trends that may change, the level of the liability for mortgage loan repurchase losses requires significant judgment. We continue to evaluate our methods of determining the best estimate of loss based on recent trends. As these estimates are influenced by factors outside our control, there is uncertainty inherent in these estimates making it reasonably possible that they could change. The range of reasonably possible losses in excess of our recorded repurchase liability is between zero and $30 million at December 31, 2023. This estimated range of reasonably possible losses was determined primarily based upon modifying the assumptions utilized in our best estimate of probable losses to reflect what we believe to be reasonably possible adverse assumptions. Securitization Activity In addition to the repurchase risk described above, we have also been involved as a sponsor/seller of loans used to facilitate whole loan securitizations underwritten by our affiliate, HSI. In this regard, we began acquiring residential mortgage loans in 2005 which were warehoused on our balance sheet with the intent of selling them to HSI to facilitate HSI's whole loan securitization program which was discontinued in 2007. During 2005-2007, we purchased and sold $24 billion of such loans to HSI which were subsequently securitized and sold by HSI to third parties. See "Mortgage Securitization Matters" in Note 30, "Litigation and Regulatory Matters," for additional discussion of related exposure. Pledged Assets Pledged assets included in the consolidated balance sheet consisted of the following:
(1)Represents gross amount of cash on deposit with banks primarily related to derivative collateral-support agreements, of which a majority has been netted against derivative liabilities on the consolidated balance sheet. (2)Trading assets are primarily pledged against liabilities associated with repurchase agreements. (3)Securities are primarily pledged against derivatives, public fund deposits, trust deposits and various short-term and long term borrowings, as well as providing capacity for potential secured borrowings from the FHLB and the Federal Reserve Bank of New York. (4)Loans are primarily residential mortgage loans pledged against current and potential borrowings from the FHLB and the Federal Reserve Bank of New York. (5)Represents gross amount of cash on deposit with non-banks primarily related to derivative collateral support agreements, of which a majority has been netted against derivative liabilities on the consolidated balance sheet. Debt securities pledged as collateral under repurchase agreements that can be sold or repledged by the secured party continue to be reported on the consolidated balance sheet. The fair value of securities available-for-sale that could be sold or repledged was $161 million and $55 million at December 31, 2023 and 2022, respectively. The fair value of trading assets that could be sold or repledged was $3,046 million and $1,255 million at December 31, 2023 and 2022, respectively. The fair value of collateral we accepted under security resale agreements but was not reported on the consolidated balance sheet was $19,278 million and $27,913 million at December 31, 2023 and 2022, respectively. Of this collateral, $19,278 million and $25,838 million could be sold or repledged at December 31, 2023 and 2022, respectively, of which $2,696 million and $3,290 million, respectively, had been sold or repledged as collateral under repurchase agreements or to cover short sales. Repurchase Agreements We enter into purchases of securities under agreements to resell (resale agreements) and sales of securities under agreements to repurchase (repurchase agreements) identical or substantially the same securities. Resale and repurchase agreements are accounted for as secured lending and secured borrowing transactions, respectively. Repurchase agreements may require us to deposit cash or other collateral with the lender. In connection with resale agreements, it is our policy to obtain possession of collateral, which may include the securities purchased, with market value in excess of the principal amount loaned. The market value of the collateral subject to the resale and repurchase agreements is regularly monitored, and additional collateral is obtained or provided when appropriate, to ensure appropriate collateral coverage of these secured financing transactions. The following table provides information about resale and repurchase agreements that are subject to offset at December 31, 2023 and 2022:
(1)Represents recognized amount of resale and repurchase agreements with counterparties subject to legally enforceable netting agreements that meet the applicable netting criteria as permitted by generally accepted accounting principles. (2)Represents securities received or pledged to cover financing transaction exposures. (3)Represents the amount of our exposure that is not collateralized / covered by pledged collateral. The following table provides the class of collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings at December 31, 2023 and 2022:
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Fair Value Measurements |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements Accounting principles related to fair value measurements provide a framework for measuring fair value that focuses on the exit price that would be received to sell an asset or paid to transfer a liability in the principal market (or in the absence of the principal market, the most advantageous market) accessible in an orderly transaction between willing market participants (the "Fair Value Framework"). Where required by the applicable accounting standards, assets and liabilities are measured at fair value using the "highest and best use" valuation premise. Fair value measurement guidance clarifies that financial instruments do not have alternative use and, as such, the fair value of financial instruments should be determined using an "in-exchange" valuation premise. However, the fair value measurement guidance provides a valuation exception and permits an entity to measure the fair value of a group of financial assets and financial liabilities with offsetting credit risks and/or market risks based on the exit price it would receive or pay to transfer the net risk exposure of a group of assets or liabilities if certain conditions are met. We elected to apply the measurement exception to a group of derivative instruments with offsetting credit risks and market risks, which primarily relate to interest rate, foreign currency, debt and equity price risk, and commodity price risk as of the reporting date. Fair Value Adjustments The best evidence of fair value is quoted market price in an actively traded market, where available. In the event listed price or market quotes are not available, valuation techniques that incorporate relevant transaction data and market parameters reflecting the attributes of the asset or liability under consideration are applied. Where applicable, fair value adjustments are made to ensure the financial instruments are appropriately recorded at fair value. The fair value adjustments reflect the risks associated with the products, contractual terms of the transactions, and the liquidity of the markets in which the transactions occur. The fair value adjustments are broadly categorized by the following major types: Credit valuation adjustment - The credit valuation adjustment is an adjustment to a group of financial assets and financial liabilities, predominantly derivative assets and derivative liabilities, to reflect the credit quality of the parties to the transaction in arriving at fair value. A credit valuation adjustment to a financial asset is required to reflect the default risk of the counterparty. A debit valuation adjustment to a financial liability is recorded to reflect the default risk of HUSI. See "Valuation Techniques - Derivatives" below for additional details. Liquidity risk adjustment - The liquidity risk adjustment (primarily in the form of bid-offer adjustment) reflects the cost that would be incurred to close out the market risks by hedging, disposing or unwinding the position. Valuation models generally produce mid-market values. The bid-offer adjustment is made in such a way that results in a measure that reflects the exit price that most represents the fair value of the financial asset or financial liability under consideration or, where applicable, the fair value of the net market risk exposure of a group of financial assets or financial liabilities. These adjustments relate primarily to Level 2 assets. Model valuation adjustment - Where fair value measurements are determined using an internal valuation model based on observable and unobservable inputs, certain valuation inputs may be less readily determinable. There may be a range of possible valuation inputs that market participants may assume in determining the fair value measurement. The resultant fair value measurement has inherent measurement risk if one or more parameters are unobservable and must be estimated. An input valuation adjustment is necessary to reflect the likelihood that market participants may use different input parameters, and to mitigate the possibility of measurement error. In addition, the values derived from valuation techniques are affected by the choice of valuation model and model limitation. When different valuation techniques are available, the choice of valuation model can be subjective. Furthermore, the valuation model applied may have measurement limitations. In those cases, an additional valuation adjustment is also applied to mitigate the measurement risk. Model valuation adjustments are not material and relate primarily to Level 2 instruments. We apply stress scenarios in determining appropriate liquidity risk and model risk adjustments for Level 3 fair values by reviewing the historical data for unobservable inputs (e.g., correlation, volatility). Some stress scenarios involve at least a 95 percent confidence interval (i.e., two standard deviations). We also utilize unobservable parameter adjustments when instruments are valued using internally developed models which reflects the uncertainty in the value estimates provided by the model. Funding Fair Value Adjustment ("FFVA") - The FFVA reflects the estimated present value of the future market funding cost or benefit associated with funding uncollateralized derivative exposure at unsecured funding spreads. See "Valuation Techniques - Derivatives" below for additional details. Fair Value Hierarchy The Fair Value Framework establishes a three-tiered fair value hierarchy as follows: Level 1 quoted market price - Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 valuation technique using observable inputs - Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are inactive, and measurements determined using valuation models where all significant inputs are observable, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 valuation technique with significant unobservable inputs - Level 3 inputs are unobservable inputs for the asset or liability and include situations where fair values are measured using valuation techniques based on one or more significant unobservable inputs. Classification within the fair value hierarchy is based on whether the lowest hierarchical level input that is significant to the fair value measurement is observable. As such, the classification within the fair value hierarchy is dynamic and can be transferred to other hierarchy levels in each reporting period. Where fair value measurements are determined based on information obtained from independent pricing services or brokers, we apply appropriate validation procedures to substantiate fair value. For price validation purposes, quotations from at least two independent pricing sources are obtained for each financial instrument, where possible. The following factors are considered in determining fair values: •similarities between the asset or the liability under consideration and the asset or liability for which quotation is received; •collaboration of pricing by referencing to other independent market data such as market transactions and relevant benchmark indices; •consistency among different pricing sources; •the valuation approach and the methodologies used by the independent pricing sources in determining fair value; •the elapsed time between the date to which the market data relates and the measurement date; •the source of the fair value information; and •whether the security is traded in an active or inactive market. Greater weight is given to quotations of instruments with recent market transactions, pricing quotes from dealers who stand ready to transact, quotations provided by market-makers who structured such instrument and market consensus pricing based on inputs from a large number of survey participants. Any significant discrepancies among the external quotations are reviewed and adjustments to fair values are recorded where appropriate. Where the transaction volume of a specific instrument has been reduced and the fair value measurement becomes less transparent, we will apply more detailed procedures to understand and challenge the appropriateness of the unobservable inputs and the valuation techniques used by the independent pricing service. Where applicable, we will develop a fair value estimate using our own pricing model inputs to test reasonableness. Where fair value measurements are determined using internal valuation models, we will validate the fair value measurement by either developing unobservable inputs based on the industry consensus pricing surveys in which we participate or back testing by observing the actual settlements occurring soon after the measurement date. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The following table presents information about our assets and liabilities measured at fair value on a recurring basis at December 31, 2023 and 2022, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. Unless otherwise noted below, assets and liabilities in the following table are recorded at fair value through net income.
(1)Represents counterparty and cash collateral netting which allow the offsetting of amounts relating to certain contracts if certain conditions are met. (2)Includes trading derivative assets of $1,276 million and $1,614 million and trading derivative liabilities of $1,496 million and $1,966 million at December 31, 2023 and 2022, respectively, as well as derivatives held for hedging and other non-qualifying economic hedging activities. See Note 16, "Derivative Financial Instruments," for additional information. Excluding changes in fair value of a derivative instrument associated with a qualifying cash flow hedge, which are recognized initially in other comprehensive loss, derivative assets and liabilities are recorded at fair value through net income. (3)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares. (4)Securities available-for-sale are recorded at fair value through other comprehensive loss. Changes in the allowance for credit losses on securities available-for-sale are recorded through net income. (5)See Note 17, "Fair Value Option," for additional information. Excluding the fair value movement on fair value option liabilities attributable to our own credit spread, which is recorded in other comprehensive loss, fair value option assets and liabilities are recorded at fair value through net income. (6)Investments that are measured at fair value using the net asset value per share practical expedient have not been classified in the fair value hierarchy. (7)Consists of assets and liabilities associated with certain client share repurchase transactions. Information on Level 3 assets and liabilities The following table summarizes additional information about changes in the fair value of Level 3 assets and liabilities during 2023 and 2022. As a risk management practice, we may risk manage the Level 3 assets and liabilities, in whole or in part, using securities and derivative positions that are classified as Level 1 or Level 2 measurements within the fair value hierarchy. Since those Level 1 and Level 2 risk management positions are not included in the table below, the information provided does not reflect the effect of such risk management activities related to the Level 3 assets and liabilities.
(1)Level 3 net derivatives included derivative assets of $200 million and derivative liabilities of $217 million at December 31, 2023 and derivative assets of $91 million and derivative liabilities of $353 million at December 31, 2022. Gains (losses) on derivatives, net are predominantly included in trading revenue and gain (loss) on instruments designated at fair value and related derivatives in the consolidated statement of income. (2)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares. Gains (losses) on these swap agreements are included in other income (loss) in the consolidated statement of income. (3)Realized gains (losses) on securities available-for-sale are included in other securities gains (losses), net in the consolidated statement of income. Changes in the allowance for credit losses on securities available-for-sale are included in the provision for credit losses in the consolidated statement of income. Unrealized gains (losses) on securities available-for-sale are included in . (4)Excluding unrealized gains (losses) on fair value option liabilities attributable to our own credit spread, which are recorded in other comprehensive income (loss), gains (losses) on fair value option assets and liabilities are included in gain (loss) on instruments designated at fair value and related derivatives in the consolidated statement of income. (5)Gains (losses) on mortgage servicing rights are included in in the consolidated statement of income. Significant Unobservable Inputs for Recurring Fair Value Measurements The following table presents quantitative information about the unobservable inputs used to determine the recurring fair value measurement of assets and liabilities classified as Level 3 fair value measurements at December 31, 2023 and 2022:
(1)For equity derivatives, credit derivatives, structured deposits and structured notes, weighted averages are calculated based on the fair value of the instruments. For all remaining instrument types, weighted averages are calculated based on the notional value of the instruments. (2)We are the client-facing entity and, except for structured notes and deposits with embedded credit derivative features, we enter into identical but opposite derivatives to transfer the resultant risks to our affiliates. With the exception of counterparty credit risks, we are market risk neutral in substantially all of the structured notes and deposits. The corresponding intra-group derivatives are presented as equity derivatives in the table. (3)Structured deposits and structured notes contain embedded derivative features whose fair value measurements contain significant Level 3 inputs. See equity derivatives and credit derivatives below for a discussion of the uncertainty of Level 3 inputs related to structured deposits and structured notes. N/A Not Applicable Uncertainty of Level 3 Inputs to Fair Value Measurements Interest rate derivatives - For mortgage rate lock commitments, the fair value measurement is affected by the probability of executing and funding the mortgage. An increase (decrease) in the likelihood of a mortgage being executed would have resulted in a lower (higher) fair value measurement of the interest rate derivative. For certain other interest rate derivatives, the interest rates for longer dated tenors were not observable. An increase (decrease) in the interest rate would have resulted in a higher (lower) fair value measurement of the derivative depending on if we receive or pay the floating rate. Foreign exchange derivatives - For certain foreign exchange derivatives, the cross-currency basis for longer dated tenors were not observable. An increase (decrease) in the cross-currency basis would have resulted in a higher (lower) fair value measurement of the derivative depending on if we receive or pay the floating rate plus the basis spread. Equity derivatives - The fair value measurement of a structured equity derivative is primarily affected by the implied volatility of the underlying equity price. The level of volatility is a function of the nature of the underlying risk, the level of strike price and the years to maturity of the option. Depending on the underlying risk and tenure, we determine the implied volatility based on observable input where information is available. However, substantially all of the implied volatilities are derived based on historical information and are not observable. A significant increase (decrease) in the implied volatility would have resulted in a higher (lower) fair value of a long position in the derivative contract. For a derivative referenced to a basket of equities, the fair value measurement is also affected by the correlation of the referenced equities. Correlation measures the relative change in values among two or more variables (i.e., equity pair), which can be positively or negatively correlated. A majority of the correlations are not observable, but are derived based on historical data. A significant increase (decrease) in the correlation of the referenced variables would have resulted in a higher (lower) fair value of a long position in the derivative contract. Credit derivatives - The fair value measurement of certain credit derivatives is primarily affected by the credit spreads of credit default swap contracts. A significant increase (decrease) in the credit spreads would have resulted in a lower (higher) fair value measurement of the credit derivative. Other derivatives - The fair value of the swap agreements we entered into in conjunction with the sales of Visa Class B Shares is dependent upon the final resolution of the related litigation. Significant unobservable inputs used in the fair value measurement include estimated changes in the conversion rate of Visa Class B Shares into Visa Class A Shares and the expected timing of the final resolution. An increase (decrease) in the loss estimate or in the timing of the resolution of the related litigation would have resulted in a higher (lower) fair value measurement of the derivative. Asset-backed securities available-for-sale - The fair value measurement of certain asset-backed securities is primarily affected by estimated yields which are determined based on current market yields of comparable instruments adjusted for market liquidity. An increase (decrease) in the yields would have resulted in a lower (higher) fair value measurement of the securities. Loans held for sale - The fair value measurement of certain commercial loans held for sale is affected by estimated market prices which are unobservable. An increase (decrease) in the estimated prices would have resulted in a higher (lower) fair value measurement of the loans. Mortgage servicing rights - The fair value measurement of mortgage servicing rights is primarily affected by the estimated prepayment rates of the mortgage loans and the discount rates. An increase (decrease) in either of these inputs would have resulted in a lower (higher) fair value measurement of the mortgage servicing rights. Significant Transfers Into and Out of Level 3 Measurements During 2023, we transferred $36 million of domestic deposits and $948 million of long-term debt, which we have elected to carry at fair value, from Level 3 to Level 2 as a result of the embedded derivative no longer being unobservable as the derivative option is closer to maturity and there is more observability in short term volatility. During 2023, we also transferred $20 million of commercial loans held for sale from Level 3 to Level 2 as the inputs used to value these loans have become more observable. During 2023, we transferred $93 million of long-term debt, which we elected to carry at fair value, from Level 2 to Level 3 as a result of a change in the observability of underlying inputs that resulted in the embedded derivative being unobservable. During 2023, we also transferred $45 million of commercial loans held for sale from Level 2 to Level 3 as the inputs used to value these loans have become less observable. During 2022, we transferred $30 million of domestic deposits and $239 million of long-term debt, which we have elected to carry at fair value, from Level 3 to Level 2 as a result of the embedded derivative no longer being unobservable as the derivative option is closer to maturity and there is more observability in short term volatility. During 2022, we also transferred $64 million of equity derivatives from Level 3 to Level 2 as the inputs used to value these contracts have become more observable. During 2022, we transferred $182 million of domestic deposits and $412 million of long-term debt, which we elected to carry at fair value, from Level 2 to Level 3 as a result of a change in the observability of underlying inputs that resulted in the embedded derivative being unobservable. During 2022, we also transferred $37 million of commercial loans held for sale from Level 2 to Level 3 as the inputs used to value these loans have become less observable. Assets and Liabilities Recorded at Fair Value on a Non-recurring Basis Certain financial and non-financial assets are measured at fair value on a non-recurring basis and therefore, are not included in the tables above. These assets include (a) loans classified as held for sale reported at the lower of amortized cost or fair value, (b) impaired loans or assets that are written down to fair value based on the valuation of underlying collateral during the period and (c) lease ROU assets or leasehold improvement assets that were written down during the period. These instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustment in certain circumstances (e.g., impairment). The following table presents the fair value hierarchy level within which the fair value of the financial and non-financial assets has been recorded at December 31, 2023 and 2022. The gains (losses) during 2023 and 2022 are also included.
(1)Represents residential mortgage loans held for investment whose carrying amount was adjusted during the period based on the fair value of the underlying collateral. (2)Certain commercial loans are individually assessed for impairment. We measure the credit impairment of a collateral-dependent loan based on the fair value of the collateral asset. The collateral often involves real estate properties that are illiquid due to market conditions. As a result, these loans are classified as a Level 3 fair value measurement within the fair value hierarchy. (3)During 2023 and 2022, we wrote down lease ROU assets and leasehold improvement assets associated with the exit of certain office space. During 2022, we also wrote-off certain capitalized software. (4)At December 31, 2022, the fair value of the loans held for sale was below cost. Significant Unobservable Inputs for Non-Recurring Fair Value Measurements The following tables present quantitative information about non-recurring fair value measurements of assets and liabilities classified with Level 3 of the fair value hierarchy at December 31, 2023 and 2022:
(1)Weighted average is calculated based on the carrying value of the loans. Valuation Techniques Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Consumer loans designated under FVO – We elected to apply FVO accounting to certain student loans. The fair value of these loans is based on observed market prices of instruments with similar characteristics. Consumer loans held for sale – Consumer loans held for sale are recorded at the lower of amortized cost or fair value. The fair value of consumer loans held for sale is estimated using observed market prices of instruments with similar characteristics. Adjustments are made to reflect differences in collateral location, loan-to-value ratio, FICO scores, vintage year, default rates, the completeness of the loan documentation and other risk characteristics. Where observable market parameters are not available, fair value is estimated using the discounted cash flow method using assumptions consistent with those which would be used by market participants in valuing such loans, including estimates of prepayment rates, default rates, loss severities and market rates of return. We also may hold discussions on value directly with potential investors. Commercial loans held for sale – Commercial loans held for sale (that are not designated under FVO as discussed below) are recorded at the lower of amortized cost or fair value. The fair value of commercial loans held for sale is estimated using observable market pricing obtained from independent sources, relevant broker quotes or observed market prices of instruments with similar characteristics. We also may hold discussions on value directly with potential investors or take into account underlying collateral values. Commercial loans held for sale designated under FVO – We elected to apply FVO accounting to certain commercial loans held for sale. Where available, fair value is based on observable market pricing obtained from independent sources, relevant broker quotes or observed market prices of instruments with similar characteristics. Where observable market parameters are not available, fair value is determined based on contractual cash flows adjusted for estimates of prepayment rates, expected default rates and loss severity discounted at management's estimate of the expected rate of return required by market participants. We also consider loan-specific risk mitigating factors such as collateral arrangements in determining the fair value estimate. For certain commercial loans held for sale, the fair value measurement process uses significant unobservable inputs to adjust market prices which are specific to the characteristics of the loans. Commercial loans individually assessed for impairment – Generally represents collateral-dependent commercial loans with fair value determined based on pricing quotes obtained from an independent third-party appraisal. Precious metals trading – Precious metals trading primarily includes physical inventory which is valued using spot prices. Securities - Where available, debt and equity securities are valued based on quoted market prices. If a quoted market price for the identical security is not available, the security is valued based on quotes from similar securities, where possible. For certain securities, internally developed valuation models are used to determine fair values or validate quotes obtained from pricing services. The following summarizes the valuation methodology used for our major security classes: •U.S. Treasury, U.S. Government agency issued or guaranteed and obligations of U.S. state and political subdivisions – As these securities transact in an active market, fair value measurements are based on quoted prices for the identical security or quoted prices for similar securities with adjustments as necessary made using observable inputs which are market corroborated. •U.S. Government sponsored enterprises – For government sponsored mortgage-backed securities which transact in an active market, fair value measurements are based on quoted prices for the identical security or quoted prices for similar securities with adjustments as necessary made using observable inputs which are market corroborated. For government sponsored mortgage-backed securities which do not transact in an active market, fair value is determined primarily based on pricing information obtained from pricing services and is verified by internal review processes. •Asset-backed securities – Fair value is primarily determined based on pricing information obtained from independent pricing services adjusted for the characteristics and the performance of the underlying collateral. •Foreign debt securities (government and corporate) - Government securities transact in an active market and therefore fair value measurements are based on quoted prices for the identical security or quoted prices for similar securities with adjustments as necessary made using observable inputs which are market corroborated. For non-callable corporate securities, a credit spread scale is created for each issuer. These spreads are then added to the equivalent maturity U.S. Treasury yield to determine current pricing. Credit spreads are obtained from the primary market, secondary trading levels and dealer quotes. For securities with early redemption features, an option adjusted spread model is incorporated to adjust the spreads determined above. Additionally, we survey the broker/dealer community to obtain relevant trade data including benchmark quotes and updated spreads. •Equity securities – Fair value measurements are determined based on quoted prices for the identical security. Certain equity securities represent investments in private equity funds that help us comply with the Community Reinvestment Act. The fair value of these investments are estimated using the net asset value per share as calculated by the fund managers. Distributions will be received from the funds as the underlying assets are liquidated. While the funds do not allow us to redeem our investments, we are permitted to sell or transfer our investments subject to the approval of the fund manager. Unfunded commitments associated with these investments totaled $21 million and $25 million at December 31, 2023 and 2022, respectively. The following tables provide additional information relating to our available-for-sale asset-backed securities at December 31, 2023:
(1)We utilize S&P as the primary source of credit ratings in the tables above. If S&P ratings are not available, ratings by Moody's and Fitch are used in that order. Derivatives – Derivatives are recorded at fair value. Asset and liability positions in individual derivatives that are covered by legally enforceable master netting agreements, including receivables (payables) for cash collateral posted (received), are offset and presented net in accordance with accounting principles which allow the offsetting of amounts. Derivatives traded on an exchange are valued using quoted prices. OTC derivatives, which comprise a majority of derivative contract positions, are valued using valuation techniques. The fair value for the majority of our derivative instruments are determined based on internally developed models that utilize independently corroborated market parameters, including interest rate yield curves, option volatilities, and currency rates. For complex or long-dated derivative products where market data is not available, fair value may be affected by the underlying assumptions about, among other things, the timing of cash flows, expected exposure, probability of default and recovery rates. The fair values of certain structured derivative products are sensitive to unobservable inputs such as correlations of the referenced variables and volatilities of embedded options. These estimates are susceptible to significant change in future periods as market conditions change. We typically use the risk-free rate/overnight indexed swap curves as the base discounting curve for measuring the fair value of all derivatives, both collateralized and uncollateralized, and apply a FFVA to reflect the estimated present value of the future market funding cost or benefit associated with funding uncollateralized derivative exposure at an unsecured market funding rate. The FFVA is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralized component of the OTC derivative portfolio. The expected future funding exposure is calculated by a simulation methodology, where available, and is adjusted for events that may terminate the exposure, such as the default of HUSI or the counterparty. Significant inputs related to derivative classes are broken down as follows: •Credit Derivatives – Use credit default curves and recovery rates which are generally provided by broker quotes and various pricing services. Certain credit derivatives may also use correlation inputs in their model valuation. •Interest Rate Derivatives – Swaps use interest rate curves based on currency that are actively quoted by brokers and other pricing services. Options will also use volatility inputs which are also quoted in the broker market. •Foreign Exchange ("FX") Derivatives – FX transactions, to the extent possible, use spot and forward FX rates which are quoted in the broker market. Where applicable, we also use implied volatility of currency pairs as inputs. •Equity Derivatives – Use listed equity security pricing and implied volatilities from equity traded options position. •Precious Metal Derivatives – Use spot and forward metal rates which are quoted in the broker market. As discussed earlier, we make fair value adjustments to model valuations in order to ensure that those values represent appropriate estimates of fair value. These adjustments, which are applied consistently over time, are generally required to reflect factors such as bid-ask spreads and counterparty credit risk that can affect prices in arms-length transactions with unrelated third parties. Such adjustments are based on management judgment and may not be observable. We estimate the counterparty credit risk for financial assets and our own credit standing for financial liabilities (the "credit valuation adjustments") in determining the fair value measurement. For derivative instruments, we calculate the credit valuation adjustment by applying the probability of default of the counterparty to the expected exposure, and multiplying the result by the expected loss given default. We also take into consideration the risk mitigating factors including collateral agreements and master netting agreements in determining credit valuation adjustments. We estimate the implied probability of default based on the credit spread of the specific counterparty observed in the credit default swap market. Where credit default spread of the counterparty is not available, we use the credit default spread of a specific proxy (e.g., the credit default swap spread of the counterparty's parent) or a proxy based on credit default swaps referencing to credit names of similar credit standing. Real estate owned - Fair value is determined based on third-party appraisals obtained at the time we take title to the property and, if less than the carrying amount of the loan, the carrying amount of the loan is adjusted to the fair value. The carrying amount of the property is further reduced, if necessary, at least every 90 days to reflect observable local market data, including local area sales data. Mortgage servicing rights - Mortgage servicing rights are recorded at fair value. The fair value for the mortgage servicing rights is determined based on a single rate path cash flow analysis approach which involves discounting servicing cash flows under static interest rate projections at risk-adjusted rates. The valuation model also incorporates our best estimates of the prepayment speed of the mortgage loans, current cost to service and discount rates which are unobservable. Client share repurchase transactions designated under FVO - We elected to apply FVO accounting to certain client share repurchase transactions. The fair value of the assets and liabilities associated with these transactions is determined based on the value of the remaining shares to be delivered. Structured notes and deposits designated under FVO – Structured notes and deposits are hybrid instruments containing embedded derivatives and are elected to be measured at fair value in their entirety under FVO accounting principles. The valuation of hybrid instruments is predominantly driven by the derivative features embedded within the instruments and our own credit risk. The valuation of embedded derivatives may include significant unobservable inputs such as correlation of the referenced credit names or volatility of the embedded option. Cash flows of the funded notes and deposits in their entirety, including the embedded derivatives, are discounted at the relevant interest rates for the duration of the instrument adjusted for our own credit spreads. The credit spreads so applied are determined with reference to our own debt issuance rates observed in primary and secondary markets, internal funding rates, and the structured note rates in recent executions. Long-term debt designated under FVO – We elected to apply FVO accounting to certain of our own debt issuances for which fair value hedge accounting otherwise would have been applied. These own debt issuances elected under FVO are traded in secondary markets and, as such, the fair value is determined based on observed prices for the specific instrument. The observed market price of these instruments reflects the effect of our own credit spreads. The credit spreads applied to these instruments were derived from the spreads at the measurement date. Additional Disclosures About the Fair Value of Financial Instruments that are Not Carried at Fair Value on the Consolidated Balance Sheet The fair value estimates set forth below are made solely to comply with disclosures required by generally accepted accounting principles in the United States and should be read in conjunction with the financial statements and notes included in this report. The carrying amount of certain financial instruments recorded at cost on the consolidated balance sheet is considered to approximate fair value because they are short-term in nature, bear interest rates that approximate market rates, and generally have negligible credit risk. These items include cash and due from banks, interest bearing deposits with banks, customer acceptance assets and liabilities, federal funds sold and purchased, securities purchased and sold under resale and repurchase agreements, deposits with no stated maturity (e.g., demand, savings and certain money market deposits), short-term borrowings and dividends payable. The following table summarizes the carrying value and estimated fair value of our financial instruments, excluding financial instruments that are carried at fair value on a recurring basis, at December 31, 2023 and 2022, and their classification within the fair value hierarchy:
Lending-related commitments - The fair value of loan commitments, revolving credit facilities and standby letters of credit are not included in the above table. The majority of the lending-related commitments are not carried at fair value on a recurring basis nor are they actively traded. These instruments generate fees, which approximate those currently charged to originate similar commitments, which are recognized over the term of the commitment period. Deferred fees on loan commitments, revolving credit facilities and standby letters of credit totaled $162 million and $158 million at December 31, 2023 and 2022, respectively.
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Litigation and Regulatory Matters |
12 Months Ended |
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Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Litigation and Regulatory Matters | Litigation and Regulatory Matters In addition to the matters described below, in the ordinary course of business, we are routinely named as defendants in, or as parties to, various legal actions and proceedings relating to activities of our current and/or former operations. These legal actions and proceedings may include claims for substantial or indeterminate compensatory or punitive damages, or for injunctive relief. In the ordinary course of business, we also are subject to governmental and regulatory examinations, information-gathering requests, investigations and proceedings (both formal and informal), certain of which may result in adverse judgments, settlements, fines, penalties, injunctions or other relief. In connection with formal and informal inquiries by these regulators, we receive numerous requests, subpoenas and orders seeking documents, testimony and other information in connection with various aspects of our regulated activities. Due to the inherent unpredictability of legal matters, including litigation, governmental and regulatory matters, particularly where the damages sought are substantial or indeterminate or when the proceedings or investigations are in the early stages, we cannot determine with any degree of certainty the timing or ultimate resolution of such matters or the eventual loss, fines, penalties or business impact, if any, that may result. We establish reserves for litigation, governmental and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. Once established, reserves are adjusted from time to time, as appropriate, in light of additional information. The actual costs of resolving litigation and regulatory matters, however, may be substantially higher than the amounts reserved for those matters. Some of our exposure may be offset by applicable insurance coverage. We do not consider the possible availability of insurance coverage in determining the amounts of any accruals (although we record the amount of related insurance recoveries that are deemed probable up to the amount of the accrual). For the legal matters disclosed below, including litigation and governmental and regulatory matters, as to which a loss in excess of accrued liability is reasonably possible in future periods and for which there is sufficient currently available information on the basis of which management believes it can make a reliable estimate, we believe a reasonable estimate could be as much as $100 million for HUSI. The legal matters underlying this estimate of possible loss will change from time to time and actual results may differ significantly from this current estimate. Based on the facts currently known, in respect of each of the disclosed investigations, it is not practicable at this time for us to determine the terms on which these ongoing investigations will be resolved or the timing of such resolution or for us to estimate reliably the amounts, or range of possible amounts, of any fines and/or penalties. As matters progress, it is possible that any fines and/or penalties could be significant. Given the substantial or indeterminate amounts sought in certain of these matters, and the inherent unpredictability of such matters, an adverse outcome in certain of these matters could have a material adverse effect on our consolidated financial statements in any particular quarterly or annual period. Credit Card Litigation Since 2005, HSBC Bank USA, HSBC Finance Corporation, HSBC North America and HSBC, as well as other banks and Visa Inc. ("Visa") and MasterCard Incorporated ("MasterCard"), have been named as defendants in a number of consolidated merchant class actions and individual merchant actions, alleging that the imposition of a no-surcharge rule by the associations and/or the establishment of the interchange fee charged for credit card transactions causes the merchant discount fee paid by retailers to be set at supracompetitive levels in violation of the federal antitrust laws. In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720, E.D.N.Y. ("MDL 1720"). In 2011, MasterCard, Visa, the other defendants, including HSBC Bank USA, and certain affiliates of the defendants entered into settlement and judgment sharing agreements (the "Sharing Agreements") that provide for the apportionment of certain defined costs and liabilities that the defendants, including HSBC Bank USA and our affiliates, may incur, jointly and/or severally, in the event of an adverse judgment or global settlement of one or all of these actions. The district court granted final approval of a class settlement in 2013 and entered a Class Settlement Order and final judgment dismissing the class action. In June 2016, the U.S. Court of Appeals for the Second Circuit ("Second Circuit") issued a decision vacating class certification and approval of the class settlement in MDL 1720, concluding the class was inadequately represented by their counsel in violation of the Federal Rule of Civil Procedure governing class actions as well as the Due Process Clause of the U.S. Constitution. Specifically, the Second Circuit held that there was a conflict between two different but overlapping settlement classes: (1) an opt-out class, which permitted individual class members to forgo their share of the monetary relief and pursue individual claims; and (2) a non-opt-out class of merchants which provided injunctive relief mainly in the form of a rule change by Visa and MasterCard to allow merchants to surcharge card transactions until July 20, 2021. In June 2018, the defendants, including the HSBC entities, reached an agreement with counsel for the putative opt-out class, seeking monetary relief, to resolve all claims as filed in a third consolidated amended class action complaint in In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720, E.D.N.Y. The court granted final approval of the settlement in December 2019. In January 2020, objectors to the settlement filed an appeal, which remains pending. In September 2021, the court certified a non-opt-out class, seeking injunctive relief, consisting of all persons, businesses, and other entities that accept Visa and/or MasterCard credit and/or debit cards in the United States at any time during the period between December 18, 2020 and the date of entry of any eventual final judgment in the case. In March 2023, the Second Circuit affirmed the district court's 2019 decision granting final approval of the monetary relief settlement in In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720, E.D.N.Y. Various opt-out merchants have filed individual opt-out suits seeking unspecified damages in either state or federal court, most of which have been transferred to the consolidated multidistrict litigation, MDL 1720. To date, certain groups of opt-out merchants have entered into settlement agreements with the defendants in those actions and certain HSBC entities that, pursuant to the Sharing Agreements, are responsible for a pro rata portion of any judgment or settlement amount awarded in actions consolidated into MDL 1720. Interest Rate Swap Investigation As previously disclosed, in May 2023, HSBC Bank USA resolved an investigation by the U.S. Commodity Futures Trading Commission ("CFTC") regarding interest rate swap transactions related to bond issuances, among other issues. HSBC Bank USA paid a $45 million civil monetary penalty, an amount which was fully reserved in the third quarter of 2020. The CFTC's civil enforcement action filed in December 2019 against a now-former HSBC employee charging him with violating the Commodity Exchange Act's anti-fraud provisions in relation to a 2012 interest rate swap transaction remains ongoing. This matter will no longer be reported. Investigation Concerning Use of Unapproved Electronic Messaging Platforms As previously disclosed, in May 2023, HSBC Bank USA and other HSBC entities resolved an investigation by the CFTC concerning compliance with records preservation requirements relating to the use of unapproved electronic messaging platforms for business communications. The HSBC entities paid a $30 million civil monetary penalty, an amount which was fully reserved in the fourth quarter of 2022. This matter will no longer be reported. Foreign Exchange ("FX") Matters FX Opt Out Litigation In November 2018, a complaint was filed in the U.S. District Court for the Southern District of New York by several institutions that opted out of the consolidated FX action that settled in August 2018 naming, among other institutions, the same HSBC defendants, including HSBC Bank USA, that had been named in that settled consolidated action. (Allianz Global Investors GMBH, et al. v Bank of America Corporation, et al. (the "FX Opt Out Litigation")). The parties reached an agreement in principle to settle in December 2022. During 2023, the settlement was executed and funded, and the litigation was dismissed. Another putative class action making similar allegations and seeking unspecified damages has been pending against certain HSBC defendants, including HSBC Bank USA, as well as other defendants, in the U.S. District Court for the Southern District of New York on behalf of retail customers (Nypl v. JPMorgan Chase, et al.; Case No. 1:15-CV-9300). The court granted defendants' joint motion for summary judgment and plaintiffs have appealed. Investigations In September 2017, HSBC and HSBC North America entered into a consent order with the FRB in connection with its investigation into HSBC Group's historical FX exchange activities, which requires HSBC and HSBC North America to undertake certain remedial steps. On August 18, 2023, the FRB terminated the order against HSBC and HSBC North America. This matter will no longer be reported. In 2020, the Competition Commission of South Africa, having initially referred a complaint for proceedings before the South African Competition Tribunal in 2017, filed a revised complaint against HSBC Bank USA and other financial institutions for alleged anti-competitive behavior in the South African foreign exchange market. In January 2024, the South African Competition Appeal Court dismissed HSBC Bank USA from the revised complaint. The Competition Commission has appealed the dismissal of HSBC Bank USA to the Constitutional Court of South Africa. Precious Metals Fix Matters In re London Silver Fixing, Ltd. Antitrust Litigation (Silver Fix Litigation) In 2014, putative class actions were filed in the U.S. District Court for the Southern and Eastern Districts of New York naming HSBC, HSBC Bank plc, HSBC Bank USA and the other members of The London Silver Market Fixing Ltd as defendants. The complaints seek unspecified damages based upon allegations that, from January 2007 through December 2013, defendants conspired to manipulate the price of physical silver and silver derivatives for their collective benefit in violation of the U.S. Commodity Exchange Act and U.S. antitrust laws. The actions were transferred to and centralized in the U.S. District Court for the Southern District of New York. In May 2023 the court granted HSBC's motion for judgment on the pleadings and dismissed the case. Plaintiffs have appealed. Platinum and Palladium Fix Litigation In 2014, several putative class actions were filed in the U.S. District Court for the Southern District of New York naming as defendants members of The London Platinum and Palladium Fixing Company (the "Platinum Group Metals or PGM Fixing"), including HSBC Bank USA, BASF Metals Limited, Goldman Sachs International and Standard Bank, plc. The complaints seek unspecified damages based upon allegations that, from January 2008 through November 2014, defendants conspired to manipulate the benchmark prices for physical Platinum Group Metals ("PGM") and PGM-based financial products. In July 2023, the defendants filed a joint motion for judgment on the pleadings to dismiss the complaint. Canada Litigation In December 2015, HSBC, HSBC Bank plc, HSBC USA, HSI, HSBC Bank Canada and HSBC Securities Canada were named, along with other institutions, in several putative class actions filed in the Superior Courts of Justice in the Provinces of Ontario and Quebec, Canada. These suits allege, among other things, that the defendants conspired to manipulate the prices of gold and silver derivatives. These claims include: (1) DiFilippo and Caron v. The Bank of Nova Scotia, et al. (Superior Court of Justice, Ontario Province) (Gold Fix); (2) DiFilippo and Caron v. The Bank of Nova Scotia, et al. (Superior Court of Justice, Ontario Province) (Silver Fix); (3) Benoit v. Bank of Nova Scotia, et al. ("Benoit") (Superior Court of Justice, Quebec Province) (Gold Fix); and (4) Ayas v. La Banque de Nouvelle-Ecosse, et. al. ("Ayas") (Superior Court of Justice, Quebec Province) (Silver Fix). The DiFilippo actions are now proceeding under amended complaints, and each seeks Canadian dollar $1 billion in damages plus Canadian dollar $250 million in punitive damages. The Benoit and Ayas actions have been stayed. Madoff Litigation In 2008, Bernard L. Madoff ("Madoff") was arrested and ultimately pleaded guilty to running a Ponzi scheme. A trustee was appointed for the liquidation of his firm, Bernard L. Madoff Investment Securities LLC ("Madoff Securities"), an SEC-registered broker-dealer and investment adviser. Various non-U.S. HSBC entities provided custodial, administration and similar services to a number of funds incorporated outside the United States whose assets were invested with Madoff Securities. Plaintiffs (including funds, funds investors and the Madoff Securities trustee ("Trustee"), as described below) have commenced Madoff-related proceedings against numerous defendants arising out of Madoff Securities' fraud. In 2009, the Trustee commenced suits against various HSBC entities in the U.S. Bankruptcy Court for the Southern District of New York ("U.S. Bankruptcy Court") and in the English High Court. The Trustee filed a suit in the United States captioned Picard v. HSBC et al (Bankr S.D.N.Y. Case No. 09-01364) against HSBC entities, including HSBC USA and HSBC Bank USA. The Trustee's claims seek recovery of certain alleged transfers from Madoff Securities to HSBC entities. In December 2023, the Trustee filed a second amended complaint against HSBC USA, HSBC Bank USA and other defendants specifying the alleged transfers it seeks to recover. As to HSBC USA, the Trustee seeks to recover alleged transfers totaling $27 million. As to HSBC Bank USA, the Trustee seeks to recover alleged transfers totaling $82 million. The Trustee's English action, which names as defendants HSBC entities, including HSBC Bank USA, seeks recovery of transfers from Madoff Securities to or through the HSBC entities. The claim has not yet been served and the amount claimed has not been specified. Certain Fairfield entities (together "Fairfield"), funds whose assets were directly or indirectly invested with Madoff Securities, commenced multiple suits in the United States against fund shareholders, including various HSBC entities that acted as nominees for clients, seeking restitution of redemption payments. Fairfield voluntarily discontinued the claims against HSBC Bank USA in May 2022 in the remaining case in which it was named (In re Fairfield Sentry Limited, et al), but certain claims against HSBC Bank USA totaling up to $15 million remain pending on appeal. There are many factors that may affect the range of possible outcomes, and the resulting financial impact, of the various Madoff-related proceedings including, but not limited to, the circumstances of the fraud, the multiple jurisdictions in which proceedings have been brought and the number of different plaintiffs and defendants in such proceedings. The timing and resolution of these matters remains uncertain. It is possible that any liabilities that may arise as a result could be significant. Nonetheless, we consider that we have good defenses to these claims and will continue to defend them vigorously. Benchmark Rate Litigation USD LIBOR: HSBC, HSBC Bank plc, HSBC USA and/or HSBC Bank USA are among several defendants in lawsuits filed by the following plaintiffs seeking unspecified damages arising from the alleged artificial suppression of U.S. dollar LIBOR rates: (1) the Federal Home Loan Mortgage Corporation; and (2) the FDIC, in its role as receiver for several failed banks. The other defendants in the actions are members of the U.S. dollar LIBOR panel of banks and their affiliates. These actions are part of the U.S. dollar LIBOR Multi-District Litigation proceeding pending in the U.S. District Court for the Southern District of New York (In re LIBOR-Based Financial Instruments Antitrust Litigation). The U.S. District Court for the Southern District of New York has previously granted final approval of class settlements with several groups of investors who purchased USD LIBOR-indexed interest rate swaps and other instruments, but these plaintiffs opted out of those class settlements. Mortgage Securitization Matters In addition to the repurchase risk described in Note 28, "Guarantee Arrangements, Pledged Assets and Repurchase Agreements," HSBC Bank USA has also been involved as a sponsor/seller of loans used to facilitate whole loan securitizations underwritten by HSI. During 2005-2007, HSBC Bank USA purchased and sold $24 billion of whole loans to HSI which were subsequently securitized and sold by HSI to third parties. The outstanding principal balance on these loans was approximately $2.4 billion and $2.5 billion at December 31, 2023 and 2022, respectively. Participants in the U.S. mortgage securitization market that purchased and repackaged whole loans have been the subject of lawsuits and governmental and regulatory investigations and inquiries, which have been directed at groups within the U.S. mortgage market, such as servicers, originators, underwriters, trustees or sponsors of securitizations, and at particular participants within these groups. We expect activity in this area to continue. As the industry's residential mortgage foreclosure issues continue, HSBC Bank USA has taken title to a number of foreclosed homes as trustee on behalf of various securitization trusts. As nominal record owner of these properties, HSBC Bank USA has been sued by municipalities and tenants alleging various violations of law, including laws regarding property upkeep and tenants' rights. We believe and continue to maintain that the obligations at issue and any related liability are properly those of the servicer of each trust. Mortgage Securitization Trust Litigation Since 2014, plaintiff-investors in 280 RMBS trusts (the "Trusts") have sued HSBC Bank USA, as mortgage securitization trustee, in a number of cases: BlackRock et al., Royal Park Investments SA/NV, Phoenix Light SF Limited, the National Credit Union Administration Board, as Liquidating Agent, Commerzbank AG, Triaxx, IKB Bank AG, RMBS Recovery Holdings I, LLC, et al., VRS Holdings 2 LLC, Reliance Standard Life Insurance Company and Park Royal LLC, Freedom Trust 2011-2 and ARI Investments LLC (together, "Freedom Trust") and Mark Zittman ("Zittman"). The complaints allege generally that the Trusts have collectively sustained losses in collateral value and seek to recover unspecified damages as a result of alleged breach of contract; breach of the federal Trust Indenture Act and New York's Streit Act; tort claims such as negligence, negligent misrepresentation, conflict of interest and breach of fiduciary duty. The Phoenix Light SF Limited matter was dismissed with prejudice and will no longer be reported. The case brought by Freedom Trust is proceeding. The trial court granted HSBC Bank USA's motion to dismiss the Zittman action, and Zittman has appealed. First Citizens Litigation In May 2023, First-Citizens Bank & Trust Company ("First Citizens") brought a lawsuit against HSBC Bank USA, certain other HSBC entities, and seven HSBC Bank USA employees who had previously worked for Silicon Valley Bank ("SVB"). Among other claims, First Citizens, which purchased parts of SVB after its collapse in March 2023, alleges that the HSBC entities conspired with the individual defendants to solicit employees of First Citizens and that the individual defendants took confidential information belonging to SVB and/or First Citizens. Defendants filed a motion to dismiss in August 2023. In January 2024, the court denied defendants' motion in part and granted it in part and directed plaintiff to amend its complaint to specify its allegations as to each defendant. In February 2024, First Citizens filed its amended complaint. First Citizens alleges that it is entitled to damages in excess of $1 billion. National Community Reinvestment Coalition Prompted by a complaint filed by the National Community Reinvestment Coalition, a non-profit organization, the U.S. Department of Housing and Urban Development ("HUD") has been investigating whether HSBC Bank USA violated the federal Fair Housing Act by engaging in discriminatory lending practices in majority Black and Hispanic neighborhoods in certain U.S. metropolitan areas. The investigation remains ongoing. Anti-Terrorism Act Cases Charlotte Freeman, et al. v. HSBC Holdings plc, et al. In 2014, a complaint was filed in the U.S. District Court for the Eastern District of New York on behalf of representatives of U.S. persons killed and/or injured in Iraq between April 2004 and November 2011 and seeks unspecified damages. The complaint was filed against HSBC, HSBC Bank USA, HSBC Bank plc and HSBC Bank Middle East Limited, as well as other non-HSBC banks, and alleges that the defendants violated the federal Anti-Terrorism Act, (18 U.S.C. §2331 et seq.) ("ATA"), by altering or falsifying payment messages involving Iran, Iranian parties and Iranian banks for transactions processed through the U.S. Defendants filed a motion to dismiss in March 2015. Plaintiffs filed amended complaints thereafter, which defendants moved to dismiss in September 2016. In September 2019, the district court granted defendants' motion to dismiss. In January 2023, the Second Circuit affirmed the dismissal on appeal and denied plaintiffs' request for further review of that decision in February 2023. In October 2023, the U.S. Supreme Court denied plaintiffs' petition for further review of the case, which remains pending in the district court subject only to plaintiffs' anticipated motion to vacate the judgment against them. That motion is due in February 2024. In December 2018, a separate action captioned Kathleen Freeman, et al. v. HSBC Holdings plc, et al. was filed in the U.S. District Court for the Eastern District of New York on behalf of representatives of U.S. persons killed and/or injured in Iraq between 2004 and 2011 ("Freeman II") and seeks unspecified damages. Freeman II is substantially similar to the original Freeman action and has been designated as related to that action but includes additional plaintiffs and claims not asserted in the original Freeman action. The defendants filed a motion to dismiss, which the court granted in June 2020. In June 2023 the court ruled that the Freeman II plaintiffs may amend their complaint and consolidate the action with the Bowman action (see below). Plaintiffs in Freeman II and Bowman filed an amended complaint in December 2023. Timothy O'Sullivan, et al. v. Deutsche Bank AG, et al. In November 2017, a complaint was filed in the U.S. District Court for the Southern District of New York on behalf of representatives of U.S. persons killed and/or injured in Iraq between 2003 and 2011 and seeks unspecified damages. The complaint was filed against HSBC, HSBC Bank plc, HSBC Bank USA, HSBC North America and HSBC Bank Middle East Limited, as well as other non-HSBC defendants, and alleges that the defendants violated the ATA by altering or falsifying payment messages involving Iran, Iranian parties and Iranian banks for transactions processed through the U.S. Defendants' motion to dismiss was granted in March 2019. The case remains pending as to one non-HSBC defendant that did not move to dismiss or otherwise respond to the complaint. In December 2018, a separate action captioned Timothy O'Sullivan, et al. v. Deutsche Bank AG, et al. was filed in the U.S. District Court for the Southern District of New York on behalf of representatives of U.S. persons killed and/or injured in Iraq between 2003 and 2011 ("O'Sullivan II") and seeks unspecified damages. O'Sullivan II is substantially similar to the original O'Sullivan action and has been designated as related to that action but includes additional plaintiffs and claims not asserted in the original O'Sullivan action. This action has been stayed upon the parties’ agreement. Joel Tavera, et al. v. Deutsche Bank AG, et al. In December 2018, a complaint was filed in the U.S. District Court for the Eastern District of New York on behalf of representatives of U.S. persons killed and/or injured in Iraq between 2003 and 2011 and seeks unspecified damages. The complaint was filed against HSBC, HSBC Bank plc, HSBC Bank USA, HSBC North America and HSBC Bank Middle East Limited, as well as other non-HSBC bank defendants, and alleges that the defendants conspired to violate the ATA by altering or falsifying payment messages involving Iran, Iranian parties and Iranian banks for transactions processed through the U.S. and that they aided and abetted primary violators of the ATA. This action has been stayed based upon the parties' agreement. James Donaldson v. HSBC Holdings plc, et al. In December 2018, a complaint was filed in the U.S. District Court for the Eastern District of New York on behalf of representatives of U.S. persons killed and/or injured in Iraq between 2005 and 2009 and seeks unspecified damages. The complaint was filed against HSBC, HSBC Bank plc, HSBC Bank USA, and HSBC Bank Middle East Limited, as well as other non-HSBC bank defendants, and alleges that the defendants violated the ATA by altering or falsifying payment messages involving Iran, Iranian parties and Iranian banks for transactions processed through the U.S. and that they aided and abetted primary violators of the ATA. This action has been filed as related to the original Freeman action. This action has been stayed based upon the parties' agreement. Kathleen Stephens v. HSBC Holdings plc, et al. In December 2018, a complaint was filed in the U.S. District Court for the Eastern District of New York on behalf of representatives of U.S. persons killed and/or injured in Iraq in 2007 and seeks unspecified damages. The complaint was filed against HSBC, HSBC Bank plc, HSBC Bank USA, and HSBC Bank Middle East Limited, as well as other non-HSBC bank defendants, and alleges that the defendants violated the ATA by altering or falsifying payment messages involving Iran, Iranian parties and Iranian banks for transactions processed through the U.S. and that they aided and abetted primary violators of the ATA. This action has been filed as related to Freeman II. Plaintiffs filed an amended complaint in December 2023. Ryan Bowman et al. v. HSBC Holdings plc, et al. In April 2019, a complaint was filed in the U.S. District Court for the Eastern District of New York against HSBC, HSBC Bank plc, HSBC Bank Middle East Limited, and HSBC Bank USA, among other defendants and seeks unspecified damages. Plaintiffs designated the case as related to Charlotte Freeman, et al. v. HSBC Holdings plc, et al. and the claims are based on allegations that Iranian payments were purportedly provided to terrorist organizations operating in Iraq. Plaintiffs allege violations of the ATA. The defendants filed a motion to dismiss in January 2020. In June 2020, the court granted defendants' motion to dismiss. In June 2023, the court consolidated this action with Freeman II. Plaintiffs in Freeman II and Bowman filed an amended complaint in December 2023. Dana Bernhardt et al. v. HSBC Holdings plc, et al. In November 2019, families of two deceased former US military personnel asserted ATA claims against HSBC, HSBC Bank plc, HSBC North America and HSBC Bank USA, among other defendants, in the U.S. District Court for the District of Columbia. These claims were dismissed in November 2020 and the dismissal was affirmed on appeal in September 2022. In October 2023, the U.S. Supreme Court denied plaintiffs' petition for further review. This matter will no longer be reported. Other Regulatory and Law Enforcement Investigations In 2014, the Argentine tax authority filed a complaint against several individuals, including some current and former HSBC employees, alleging tax evasion and an unlawful tax association between HSBC Private Bank Suisse SA, HSBC Bank Argentina and HSBC Bank USA and certain HSBC officers, which allegedly enabled HSBC customers to evade Argentine tax obligations.
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Financial Statements of HSBC USA Inc. (Parent) |
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Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Statements of HSBC USA Inc. (Parent) | Financial Statements of HSBC USA Inc. (Parent) Condensed parent company financial statements follow:
(1)Reflected a borrowing from HSBC Bank USA which matured in July 2023. (2)Contractual scheduled maturities for the debt over the next five years are as follows: 2024 – $4.7 billion; 2025 – $6.3 billion; 2026 – $1.1 billion; 2027 – $0.8 billion; 2028 – $0.9 billion; and thereafter – $1.9 billion.
HSBC Bank USA is subject to legal restrictions on certain transactions with its non-bank affiliates in addition to the restrictions on the payment of dividends to us. See Note 26, "Retained Earnings and Regulatory Capital Requirements," for further discussion.
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Summary of Significant Accounting Policies and New Accounting Pronouncements (Policies) |
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Accounting Policies [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Presentation | Basis of Presentation The consolidated financial statements include the accounts of HSBC USA and all subsidiaries in which we hold, directly or indirectly, more than 50 percent of the voting rights, or where we exercise control, including all variable interest entities ("VIEs") in which we are the primary beneficiary. Investments in companies where we have significant influence over operating and financing decisions, which primarily are those where the percentage of ownership is at least 20 percent but not more than 50 percent, are accounted for under the equity method and reported as equity method investments in other assets. All significant intercompany accounts and transactions have been eliminated. We assess whether an entity is a VIE and, if so, whether we are its primary beneficiary at the time of initial involvement with the entity and on an ongoing basis. A VIE is an entity in which the equity investment at risk is not sufficient to finance the entity's activities without additional subordinated financial support, or as a group, the holders of equity investment at risk lack either a) the power through voting rights or similar rights to direct the activities of the entity that most significantly impacts the entity's economic performance; or b) the obligation to absorb the entity's expected losses, the right to receive the expected residual returns, or both. A VIE must be consolidated by its primary beneficiary, which is the entity with the power to direct the activities of a VIE that most significantly impact its economic performance and the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Areas which we consider to be critical accounting estimates and require a high degree of judgment and complexity include allowance for credit losses, valuation of financial instruments and deferred tax asset valuation allowances. Certain reclassifications have been made to prior period amounts to conform to the current period presentation.
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Cash and Cash Equivalents | Cash and Cash Equivalents For the purpose of reporting cash flows, cash and cash equivalents include both cash and due from banks and interest bearing deposits with banks, which are inclusive of restricted cash, if any. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Resale and Repurchase Agreements | Resale and Repurchase Agreements We enter into purchases and borrowings of securities under agreements to resell (resale agreements) and sales of securities under agreements to repurchase (repurchase agreements) substantially identical securities. Resale and repurchase agreements are accounted for as secured lending and secured borrowing transactions, respectively. The amounts advanced under resale agreements and the amounts borrowed under repurchase agreements are carried on the consolidated balance sheet at the amount advanced or borrowed. Interest earned on resale agreements is reported as interest income. Interest paid on repurchase agreements is reported as interest expense. We offset resale and repurchase agreements executed with the same counterparty under legally enforceable netting agreements that meet the applicable netting criteria as permitted by generally accepted accounting principles. Repurchase agreements may require us to deposit cash or other collateral with the lender. In connection with resale agreements, it is our policy to obtain possession of collateral, which may include the securities purchased, with market value in excess of the principal amount loaned. The market value of the collateral subject to the resale and repurchase agreements is regularly monitored, and additional collateral is obtained or provided when appropriate, to ensure appropriate collateral coverage of these secured financing transactions.
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Trading Assets and Liabilities | Trading Assets and Liabilities Financial instruments utilized in trading activities are stated at fair value. Fair value is generally based on quoted market prices. If quoted market prices are not available, fair values are estimated based on dealer quotes, pricing models, using observable inputs where available or quoted prices for instruments with similar characteristics. Where applicable, fair value is determined by reference to quotes provided by multiple independent pricing services. Fair value determined by internal pricing models is regularly substantiated by the price level executed in the market and the internal pricing models used are periodically validated by an internal Model Risk Management function. Realized and unrealized gains and losses are recognized in trading revenue.
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Securities | Securities Securities acquired principally for the purpose of selling them in the near term are classified as trading assets and reported at fair value. Fair value adjustments to trading securities and gains and losses on the sale of such securities are reported in trading revenue. Debt securities that we have the ability and intent to hold to maturity are reported at cost adjusted for amortization of premiums and accretion of discounts, which are recognized as adjustments to yield over the contractual lives of the related securities. Premiums for non-contingently callable debt securities are amortized to the earliest call date, rather than the contractual maturity date. All other debt securities are classified as available-for-sale and carried at fair value, with unrealized gains and losses, net of related income taxes, recorded as adjustments to common equity as a component of accumulated other comprehensive loss. Accrued interest receivables for securities available-for-sale and securities held-to-maturity are reported net of any related allowance for credit losses in other assets on the consolidated balance sheet. Realized gains and losses on sales of securities available-for-sale are computed on a specific identified cost basis and are reported in other securities gains, net. An allowance for credit losses is recognized for debt securities, with changes in the allowance recorded in earnings. See under the heading "Allowance for credit losses" below for further discussion of our policies for establishing an allowance for credit losses on debt securities. Equity securities that are not classified as trading are reported in other assets and measured at fair value with changes in fair value recognized in other income (loss). Equity securities that are not considered to have readily determinable fair values are carried at amortized cost, less impairment, adjusted for observable price changes. Investments in Federal Home Loan Bank stock and Federal Reserve Bank stock are recorded at cost less impairment.
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Loans | Loans Loans are carried at amortized cost, with the exception of certain student loans for which the fair value option was elected and are further discussed in Note 17, "Fair Value Option." Amortized cost represents the principal amount outstanding, net of unearned income, charge-offs, unamortized purchase premium or discount, and unamortized nonrefundable fees and related direct loan origination costs. The carrying amount of loans represents their amortized cost reduced by the allowance for credit losses. See under the heading "Allowance for Credit Losses" below for further discussion of our policies for establishing an allowance for credit losses on loans. Premiums and discounts are recognized as adjustments to yield over the estimated or contractual lives of the related loans. Interest income is recorded based on the effective interest method. Accrued interest receivables for loans are reported net of any related allowance for credit losses in other assets on the consolidated balance sheet. For credit card receivables, accrued interest is recognized in the loan balance as it is billed, with the related allowance recorded in the allowance for credit losses on loans. Nonrefundable fees and related direct costs associated with the origination of loans are deferred and netted against outstanding loan balances. The amortization of net deferred fees, which include points on real estate secured loans and costs, is recognized in interest income, generally by the effective interest method, based on the estimated or contractual lives of the related loans. Amortization periods are periodically adjusted for estimated loan prepayments. Annual fees on credit cards, net of direct lending costs, are deferred and amortized on a straight-line basis over one year. Nonrefundable fees related to lending activities other than direct loan origination are recognized in other revenues over the period in which the related service is provided. This includes fees associated with loan commitments, revolving credit facilities, standby letters of credit, loan syndication and other transaction-based fees. Loan syndication fees received for managing a syndication and other transaction-based fees are recognized at the point in time the transaction occurs. Fees associated with loan commitments, revolving credit facilities and standby letters of credit are recognized on a straight-line basis over the period the service is performed. In the event a loan commitment or standby letter of credit is exercised, the remaining unamortized fee is recognized as an adjustment to yield over the loan term. For additional information, as well as a full discussion of how revenue associated with all of our various fee-based activities is recognized, see Note 23, "Fee Income from Contracts with Customers." Beginning January 1, 2023, new loan modifications are no longer required to be evaluated to determine if they should be separately identified and accounted for as troubled debt restructurings ("TDR Loans"). Prior to January 1, 2023, TDR Loans represented loans for which the original contractual terms were modified to provide for terms that were less than what we would have been willing to accept for new loans with comparable risk because of deterioration in the borrower's financial condition. Interest on TDR Loans was recognized when collection was reasonably assured. Modifications that resulted in TDR Loans may have included changes to one or more terms of the loan, including but not limited to, a change in interest rate, extension of the term, reduction in payment amount and partial forgiveness or deferment of principal, accrued interest or other loan covenants. For reserving purposes, prior to January 1, 2023, we also identified loans that we reasonably expected to become TDR Loans. See under the heading "Allowance for Credit Losses" below for further discussion.
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Allowance for Credit Losses | Allowance for Credit Losses An allowance for credit losses is recognized based on lifetime expected credit losses ("ECL") for loans, securities held-to-maturity and certain other financial assets measured at amortized cost, and an allowance for credit losses is also recognized for securities available-for-sale. In addition, a liability for off-balance sheet credit exposures is recognized based on lifetime ECL. Expected recoveries of amounts previously written off, limited to the cumulative amount of prior write-offs, are also considered when estimating the allowance for credit losses for in scope financial assets (including collateral-dependent assets). We maintain an allowance for credit losses that is, in the judgment of management, adequate to absorb estimated lifetime ECL for loans and other financial assets measured at amortized cost. The adequacy of the allowance for credit losses is assessed in accordance with generally accepted accounting principles and is based, in part, upon an evaluation of various factors including: •an analysis of individual exposures where applicable; •current and historical loss experience; •changes in the overall size and composition of the portfolio; •specific adverse situations; and •general and forecasted economic conditions. Allowance for credit loss estimates are reviewed periodically and adjustments are recognized in the provision for credit losses during the period they become known. Because our estimates of the allowance for credit losses involve management judgment and are influenced by factors outside of our control, there is uncertainty inherent in these estimates. Measurement of ECL Estimates The recognition and measurement of lifetime ECL is highly complex and involves the use of significant judgment and estimation. Multiple forward-looking economic forecasts are formulated and incorporated into the lifetime ECL calculations when estimating the allowance for credit losses for in scope financial assets and the liability for off-balance sheet credit exposures as discussed below under Calculation of Lifetime ECL. We utilize a standard framework to form economic scenarios to reflect assumptions about future economic conditions supplemented by the use of management judgment, which may result in using alternative or additional economic scenarios and/or management adjustments. Methodology We utilize a minimum of four forward-looking economic scenarios, representative of management's view of forecasted economic conditions, sufficient to calculate unbiased expected loss in most economic environments. Three of the scenarios are termed the "Consensus Economic Scenarios" which include a 'most likely outcome' (the "Central scenario") and two less likely 'outer' scenarios, referred to as the "Upside scenario" and the "Downside scenario." The fourth scenario, referred to as the "Alternative Downside scenario," is designed to consider severe downside risks with more extreme economic outcomes. Each scenario is assigned a weighting deemed appropriate for the estimation of lifetime ECL, with the majority of the weighting typically placed on the Central scenario. At management's discretion, changes may be made to the weighting assigned to the four scenarios or additional scenarios may be included in order to consider current economic conditions. See Note 8, "Allowance for Credit Losses," for further discussion. Key Central scenario assumptions as further discussed below are set using the average of forecasts of external economists, helping to ensure the scenarios are unbiased and maximize the use of independent information, except when in management's judgment these scenarios may not adequately reflect the impact of recent events and it is believed not to be representative of the current economic environment. We have determined that two years is a reasonable and supportable forecast period for the scenarios. At the end of the two-year reasonable and supportable forecast period, assumption variables revert to their 20-year average of historical values on a linear basis over a three-year reversion period. For the Central scenario, we set key assumptions such as Gross Domestic Product ("GDP") growth, inflation, unemployment, house price growth, U.S. Treasury yields, equity price growth, short-term interest rates and oil price using either the average of external forecasts (commonly referred to as consensus forecasts) or market implied rates. An external provider's model, conditioned to follow the consensus forecasts for the above key assumption variables, projects the remaining variable paths required as inputs to credit models. This external provider is subject to our risk governance framework, including oversight by an internal Model Risk Management function. The Upside and Downside scenarios are designed to be cyclical and are constructed following a standard process supported by a scenario narrative reflecting our top and emerging economic risks and by consulting external and internal subject matter experts. We determine the maximum divergence of GDP growth from the Central scenario using the 10th and the 90th percentile of the entire distribution of consensus forecast outcomes. Using externally available forecast distributions ensures independence in scenario construction. The Alternative Downside scenario is constructed to represent management's view of severe downside risks. It is supported by a scenario narrative that explores more extreme economic outcomes than those captured by the Consensus Economic Scenarios. Key economic variables in the Upside, Downside and Alternative Downside scenarios are set with reference to external distributional forecasts and we project additional variable paths using the external provider's model. We update our three Consensus Economic Scenarios and our Alternative Downside Scenario every quarter. See Note 8, "Allowance for Credit Losses," for further discussion summarizing the key macroeconomic variable forecasts used in our economic scenarios as well as a discussion of updates to the economic scenarios and other changes during 2023. We exclude from our lifetime ECL calculation financial assets for which we expect that non-payment of the amortized cost basis will be zero ("Zero Expected Credit Loss Exception"). As a result, no allowance for credit losses is recorded for these financial assets. We have identified the following types of financial assets which we believe qualify for this exclusion: •U.S. Treasury securities; •U.S. Government agency issued or guaranteed securities; •U.S. Government sponsored enterprises securities; •G10 sovereign foreign debt securities; •Interest bearing deposits held with the Federal Reserve Bank; and •Loans guaranteed by a U.S. Government agency or U.S. Government sponsored enterprise. We also exclude from our lifetime ECL calculation financial assets which are secured by collateral maintenance provisions (e.g., the borrower is contractually required to adjust the amount of financial collateral securing the financial asset) if such collateral meets liquidity requirements. In most circumstances subject to such requirements, collateral exceeds our amortized cost basis and no allowance for credit losses is recorded for these financial assets, consisting of the substantial majority of our securities purchased under agreements to resell as well as substantially all of our margin loans provided to our private banking customers. In addition, loans to other HSBC affiliated entities are exempt from ECL measurement. Calculation of Lifetime ECL Commercial loans Commercial loans are monitored on a continuous basis with a formal assessment completed, at a minimum, annually. As part of this process, a credit rating is assigned and a loss given default ("LGD") is estimated and serve as the basis for establishing an allowance for these loans' expected balance at default ("EAD") based on a probability of default ("PD") estimate associated with each credit rating under our Wholesale Credit Risk Policy. In assigning the credit ratings to a particular loan, among the risk factors considered are the obligor's debt capacity and financial position, the level of earnings, the amount and sources for repayment, the level of contingencies, management strength and the industry or geography in which the obligor operates. We utilize a consistent methodology for the application of forward economic guidance ("FEG") into the calculation of lifetime ECL by incorporating FEG into the estimation of the term structure of PD and LGD. For PDs, we consider the correlation of FEG to default rates for a particular industry. For LGDs, we consider the correlation of FEG to collateral values and realization rates for a particular industry and if applicable, country, which is adjusted for recoveries. Our PD estimates are validated on an annual basis using back-testing of actual default rates and benchmarking of the internal ratings with external rating agency data like Standard and Poor's ("S&P") ratings and default rates. PDs and LGDs are estimated for the entire term structure of the loan. Credit Review, a function independent of the business, provides an on-going assessment of lending activities that includes independently assessing credit ratings and LGD estimates for sampled credits across various portfolios. Loans with similar risk characteristics are pooled for determining lifetime ECL. When it is deemed probable based upon known facts and circumstances that full interest and principal on an individual loan will not be collected in accordance with its contractual terms, in general the loan is no longer considered part of the collective pool of homogeneous loans against which lifetime ECL are established. Instead, an allowance for credit losses is established on an individual basis ("individually assessed") based on the present value of expected future cash flows, discounted at the loan's original effective interest rate (or, beginning January 1, 2023, the post-modification effective interest rate for loans for which the original contractual terms have been modified), or the fair value of the collateral if the loan is collateral dependent. Individually assessed loans are evaluated quarterly. Generally, loans that are placed on non-accrual are removed from a collective pool and individually assessed. In addition, the allowance for credit losses reflects management judgment of risk factors that may not be fully reflected in the lifetime ECL generated by our models. In making this determination, we consider the characteristics of our portfolio and any other significant factors that are relevant. Factors that are relevant to determining the expected collectability of our loan portfolio include, but are not limited to, the volume and severity of past due loans, the volume and severity of adversely classified or rated loans, the underlying collateral on loans that are not collateral dependent, lending policies and procedures including changes in lending strategies, underwriting standards or collection and recovery practices as well as the obligor's operations, environmental factors of an obligor and the areas in which our credit exposure is concentrated, changes and expected changes in the general market condition of either a geographical area or an industry, and changes in international, national, regional, and local economic and business conditions. For loans which were previously identified as TDR Loans, including loans which we reasonably expected to become TDR Loans, judgment was used as to whether or not we expected full repayment of principal and interest. If full repayment was expected, the loan remained in a collective pool of homogeneous loans for determining lifetime ECL. When full repayment of principal and interest was not expected or when we anticipated offering payment concessions, the loan was removed from the pool and individually assessed. If a commercial TDR Loan subsequently performed in accordance with the new terms and the loan was upgraded, the loan may have no longer been reported as a TDR Loan at the earliest one year after the restructure had been anticipated. Subsequent to January 1, 2023, new TDR Loans are no longer required to be identified while the accounting for our remaining population of TDR Loans did not materially change. Consumer loans For pools of homogeneous consumer loans and certain small business loans, we estimate lifetime ECL using a framework based on PD, LGD and EAD that estimates the likelihood that a loan will progress through the various stages of delinquency and ultimately charge-off based upon a forward-looking view of macroeconomic expectations that impact a lifetime ECL and historical experience. The impact of FEG on PD is modeled at the loan or segment level depending on the portfolio. Historic relationships between observed default rates and macroeconomic variables are integrated into lifetime ECL estimates by leveraging economic response models. The impact of FEG on PD is modeled over a period equal to the remaining maturity of the underlying loans. The impact on LGD is modeled for mortgage portfolios by forecasting future loan-to-value ("LTV") profiles for the remaining maturity of the loans by leveraging national forecasts of the House Price Index ("HPI") and applying the corresponding LGD expectation. The models consider delinquency status, loss experience and severity, and take into account where borrowers have historically filed for bankruptcy or have been subject to account management actions, such as the re-age or modification of accounts. Expected loss severity is based on the underlying collateral, if any, for the loan in the event of default based on historical and recent trends which are updated periodically based on a rolling average of several months' data using the most recently available information and is typically in the range of 20-40 percent for residential mortgages. The lifetime ECL recognized for consumer loans considers the effect on lifetime ECL over a range of potential outcomes, calculated on a probability-weighted basis, based on the economic scenarios described above, including management judgment where required. Management judgment reflects consideration of risk factors that may not be fully reflected in the lifetime ECL generated by our models. In making this determination, we consider the characteristics of our portfolio and any other significant factors that are relevant. Factors that are relevant to determining the expected collectability of our consumer loan portfolio include, but are not limited to, changes in risk selection or underwriting standards, changes in collection, account management, charge-off and recovery practices, changes in loan concentrations affecting either the frequency or severity of losses, and changes in economic conditions. For loans which were previously identified as TDR Loans, including loans which we reasonably expected to become TDR Loans, an allowance for credit losses was maintained based on the present value of expected future cash flows, discounted at the loan's original effective interest rate, or the fair value of the collateral if the loan was collateral dependent. Once a loan was classified as a TDR Loan, it continued to be reported as such until it was paid off or charged-off. Subsequent to January 1, 2023, new TDR Loans are no longer required to be identified while the accounting for our remaining population of TDR Loans did not materially change. Off-balance sheet credit exposures A separate liability for off-balance sheet credit exposures is also maintained, which is recorded in interest, taxes and other liabilities on the consolidated balance sheet and includes estimated lifetime ECL arising from off-balance sheet exposures such as letters of credit and unused commitments to extend credit. The process for measuring lifetime ECL on these exposures is consistent with that for commercial or consumer loans discussed above as applicable, but is subject to an additional parameter reflecting the likelihood that funding will occur. No lifetime ECL is recognized for off-balance sheet credit exposures that are unconditionally cancellable by us such as unused credit card lines. Securities held-to-maturity Due to the composition of our portfolio of securities held-to-maturity, substantially all of our portfolio qualifies for the Zero Expected Credit Loss Exception and has been excluded from our lifetime ECL calculation. Our methodology for calculating lifetime ECL for our securities held-to-maturity which do not qualify for the Zero Expected Credit Loss Exception is consistent with our methodology for calculating lifetime ECL for loans discussed above, including the use of probability-weighted scenarios, forward economic guidance and key model inputs. We calculate lifetime ECL for securities held-for-maturity based on the present value of expected future cash flows, discounted using the contractual interest rate which approximates the effective interest rate. Securities available-for-sale On a quarterly basis, we perform an assessment to determine whether there have been any events or economic circumstances to indicate that a debt security available-for-sale in an unrealized loss position has suffered impairment due to credit factors. A debt security available-for-sale is considered impaired if its fair value is less than its amortized cost basis at the reporting date. If impaired, we assess whether the impairment is due to credit factors. If we intend to sell the debt security or if it is more-likely-than-not that we will be required to sell the debt security before the recovery of its amortized cost basis, the impairment is recognized and the unrealized loss is recorded as a direct write-down of the security's amortized cost basis with an offsetting charge to earnings. If we do not intend to sell the debt security or believe we will not be required to sell the debt security before the recovery of its amortized cost basis, the impairment is assessed to determine if a credit loss component exists. We use a discounted cash flow method to determine the credit loss component. In the event a credit loss exists, an allowance for credit losses is recorded in earnings for the credit loss component of the impairment while the remaining portion of the impairment attributable to factors other than credit loss is recognized, net of tax, in other comprehensive income (loss). The amount of impairment recognized due to credit factors is limited to the excess of the amortized cost basis over the fair value of the security available-for-sale.
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Charge-Off and Nonaccrual Policies and Practices | Charge-Off and Nonaccrual Policies and Practices Our charge-off and nonaccrual policies differ by product and are summarized below:
(1)Values are determined based upon broker price opinions or appraisals which are updated at least every 180 days less estimated costs to sell. During the quarterly period between updates, real estate price trends are reviewed on a geographic basis and additional downward adjustments are recorded as necessary. Fair values of foreclosed properties at the time of acquisition are initially determined based upon broker price opinions. Subsequent to acquisition, a more detailed property valuation is performed, reflecting information obtained from a walk-through of the property in the form of a listing agent broker price opinion as well as an independent broker price opinion or appraisal. A valuation is determined from this information within 90 days and any additional write-downs required are recorded through charge-off at that time. In determining the appropriate amounts to charge-off when a property is acquired in exchange for a loan, we do not consider losses on sales of foreclosed properties resulting from deterioration in value during the period the collateral is held because these losses result from future loss events which cannot be considered in determining the fair value of the collateral at the acquisition date. (2)Charge-offs involving a bankruptcy for credit card receivables occurs by the end of the month, 60 days after notification or 180 days contractually delinquent, whichever comes first. Due to the composition of our debt securities portfolio, a substantial majority of which comprises U.S. Government securities, we typically do not charge them off or place them on nonaccrual status. Delinquency status for loans is determined using the contractual method which is based on the status of payments under the loan. An account is generally considered to be contractually delinquent when payments have not been made in accordance with the loan terms. Delinquency status may be affected by customer account management policies and practices such as the restructure, re-age or modification of accounts. Payments received on commercial nonaccrual loans are generally applied to reduce the principal balance of such loans. For consumer nonaccrual loans, payments are generally applied first to reduce the current interest on the earliest payment due with any remainder applied to reduce the principal balance associated with that payment date.
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Loans Held for Sale | Loans Held for Sale Loans are classified as held for sale when they are not expected to be held for the foreseeable future because of management's lack of intent to hold. With the exception of certain loans for which the fair value option has been elected and are further discussed in Note 17, "Fair Value Option," loans classified as held for sale are recorded at the lower of amortized cost or estimated fair value, which is not in excess of their carrying value at the time of designation. Consumer loans are valued on an aggregate portfolio basis while commercial loans are generally valued on an individual loan basis. Periodic adjustments to fair value are recognized in other income (loss) in the consolidated statement of income. For loans other than those classified as nonaccrual, interest income is determined by applying each loan's contractual rate to the loan's outstanding customer balance, exclusive of unearned income, deferred fees, deferred costs, premium and discount.
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Transfers of Financial Assets | Transfers of Financial Assets Transfers of financial assets in which we have surrendered control over the transferred assets are accounted for as sales. In assessing whether control has been surrendered, we consider whether the transferee would be a consolidated affiliate, the existence and extent of any continuing involvement in the transferred financial assets and the impact of all arrangements or agreements made contemporaneously with, or in contemplation of, the transfer, even if they were not entered into at the time of transfer. If the sale criteria are met, the transferred financial assets are removed from our balance sheet and a gain or loss on sale is recognized. If the sale criteria are not met, the transfer is recorded as a secured borrowing in which the assets remain on our balance sheet and the proceeds from the transaction are recognized as a liability. For the majority of financial asset transfers, it is clear whether or not we have surrendered control. For other transfers, such as in connection with complex transactions or where we have continuing involvement such as servicing responsibilities, we generally obtain a legal opinion as part of evaluating whether the transfer results in a sale.
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Properties and Equipment, Net | Properties and Equipment, Net Properties and equipment are recorded at cost, net of accumulated depreciation. Depreciation is recorded on a straight-line basis over the estimated useful lives of the related assets, which generally range from 3 to 40 years. Leasehold improvements are depreciated over the shorter of the useful life of the improvement or the term of the lease. The costs of maintenance and repairs are expensed as incurred. Impairment testing is performed whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.
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Leases | Leases Lease right-of-use ("ROU") assets and lease liabilities for operating leases are recognized at commencement date based on the present value of lease payments over the lease term, discounted using our incremental borrowing rate at the effective commencement date of each lease. Operating lease ROU assets are recorded in other assets while operating lease liabilities are recorded in interest, taxes and other liabilities. We are not currently a lessee under any finance leases. Options to renew or terminate the lease are recognized as part of our ROU assets and liabilities when it is reasonably certain the options will be exercised. We have lease agreements that contain both lease and non-lease components, such as maintenance costs, which are accounted for separately. Operating lease expense for fixed lease payments is recognized on a straight-line basis over the lease term. Variable lease payments for real estate taxes, insurance, maintenance and utilities, which are generally based on our pro rata share of the total property, are not included in the measurement of the ROU assets or lease liabilities and are expensed as incurred. In addition, we do not recognize ROU assets or lease liabilities with a term of 12 months or less, which are also expensed as incurred.
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Goodwill and Other Long-Lived Assets | Goodwill and Other Long-Lived Assets Goodwill, representing the excess of purchase price over the fair value of identifiable net assets acquired, results from business combinations. Goodwill is not amortized, but is reviewed for impairment at a minimum on an annual basis at the reporting unit level using discounted cash flow and market approaches. The market approach focuses on valuation multiples for reasonably similar publicly traded companies and also considers recent market transactions, while the discounted cash flows method utilizes cash flow estimates based on recent internal forecasts and discount rates that we believe adequately reflect the risk and uncertainty in our internal forecasts and are appropriate based on the implicit market rates in current comparable transactions. Impairment is reviewed as of an interim date if circumstances indicate that it is more likely than not that the carrying amount of a reporting unit is above fair value. The carrying amount of a reporting unit is determined on the basis of capital invested in the unit including attributable goodwill. We determine the invested capital of a reporting unit by applying to the reporting unit's risk-weighted assets a capital charge consistent with the targets assigned and monitored through our capital management monitoring framework, and additionally, allocating to each reporting unit the remaining carrying amount of HUSI's net assets. Accordingly, the entire carrying amount of HUSI's net assets is allocated to our reporting units. Reporting units were identified based upon an analysis of each of our individual operating segments. A reporting unit is defined as an operating segment or any distinct, separately identifiable component one level below an operating segment for which complete, discrete financial information is available that management regularly reviews. We consider significant and long-term changes in industry and economic conditions to be examples of primary indicators of potential impairment. We have established October 1 of each year as the date for conducting our annual goodwill impairment assessment. Goodwill impairment is measured and an impairment charge is recorded at the amount by which a reporting unit's carrying amount, including allocated goodwill, exceeds its fair value. Any impairment charge recognized is limited to the carrying amount of goodwill assigned to a reporting unit. Subsequent reversals of goodwill impairments are not permitted. As of December 31, 2023 and 2022, all of our goodwill is allocated to our Commercial Banking reporting unit. In addition, we generally conduct impairment tests of capitalized software and other long-lived assets at the reporting unit level when events or circumstances indicate their carrying amount may not be recoverable. If impairment testing is required, long-lived assets are grouped at the lowest level for which there are identifiable cash flows. If the estimated undiscounted cash flows of the long-lived asset group exceed its carrying amount, an impairment is not recognized. However, if the estimated undiscounted cash flows are less than the carrying amount of the long-lived asset group, a second step is performed to determine fair value and an impairment loss is required if the carrying amount of the long-lived asset group exceeds fair value. Impairment losses are not reversible. Fair value calculations when required are consistent with the methodology used to determine fair value for goodwill impairment.
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Repossessed Collateral | Repossessed Collateral Non-financial collateral acquired in satisfaction of a loan is initially recognized at the collateral's fair value less estimated costs to sell and is reported in other assets. Any subsequent declines in fair value less estimated costs to sell are recorded through a valuation allowance. Recoveries in fair value less estimated costs to sell are recognized as a reduction of the valuation allowance but not in excess of cumulative losses previously recognized subsequent to the date of repossession. Adjustments to the valuation allowance, costs of holding repossessed collateral, and any gain or loss on disposition are credited or charged to operating expense.
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Collateral | Collateral We pledge assets as collateral as required for various transactions involving security repurchase agreements, public deposits, derivative financial instruments, short-term borrowings and long-term borrowings. Non-cash assets that have been pledged as collateral, including those that can be sold or repledged by the secured party, continue to be reported on our consolidated balance sheet. We also accept collateral, primarily as part of various transactions involving security resale agreements. Non-cash collateral accepted by us, including collateral that we can sell or re-pledge, is excluded from our consolidated balance sheet. If we resell the collateral, we recognize the proceeds and a liability to return the collateral. The market value of collateral we have accepted or pledged is regularly monitored and additional collateral is obtained or provided as necessary to ensure appropriate collateral coverage in these transactions.
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Derivative Financial Instruments | Derivative Financial Instruments Derivative financial instruments are recognized on the consolidated balance sheet at fair value. On the date a derivative contract is entered into, we designate it as either: •a qualifying hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (fair value hedge); •a qualifying hedge of the variability of cash flows to be received or paid related to a recognized asset, liability or forecasted transaction (cash flow hedge); or •a trading instrument or a non-qualifying (economic) hedge. Changes in the fair value of a derivative designated as a fair value hedge, along with the changes in the fair value of the hedged asset or liability that is attributable to the hedged risk (including losses or gains on firm commitments), are recorded in current period earnings. Changes in the fair value of a derivative that has been designated as a cash flow hedge are recorded in accumulated other comprehensive loss, net of income taxes, and reclassified into earnings in the period during which the hedged item affects earnings. Changes in the fair value of derivatives held for trading purposes or which do not qualify for hedge accounting are reported in current period earnings. At the inception of each designated qualifying hedge, we formally document all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking various hedge transactions, the nature of the hedged risk, and how hedge effectiveness will be assessed. This process includes linking all derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. We also formally assess both at inception and on a quarterly basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items and whether they are expected to continue to be highly effective in future periods. This assessment is conducted using statistical regression analysis. Earnings volatility may result from the on-going mark to market of certain economically viable derivative contracts that do not satisfy the hedging requirements in accordance with U.S. GAAP as well as from the hedge ineffectiveness associated with the qualifying hedges.
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Embedded Derivatives | Embedded Derivatives We may acquire or originate a financial instrument that contains a derivative instrument embedded within it. Upon origination or acquisition of any such instrument, we assess whether the economic characteristics of the embedded derivative are clearly and closely related to the economic characteristics of the principal component of the financial instrument (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When we determine that: (1) the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract; and (2) a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is either separated from the host contract (bifurcated), carried at fair value, and designated as a trading instrument or the entire financial instrument is carried at fair value with all changes in fair value recorded to current period earnings. If bifurcation is elected, the consideration for the hybrid financial instrument that is allocated to the bifurcated derivative reduces the consideration that is allocated to the host contract with the difference being recognized over the life of the financial instrument.
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Hedge Discontinuation | Hedge Discontinuation We discontinue hedge accounting prospectively when: •the derivative is no longer effective or expected to be effective in offsetting changes in the fair value or cash flows of a hedged item (including firm commitments or forecasted transactions) related to the designated risk; •the derivative expires or is sold, terminated, or exercised; •it is unlikely that a forecasted transaction will occur; •the hedged firm commitment no longer meets the definition of a firm commitment; or •the designation of the derivative as a hedging instrument is no longer appropriate. When hedge accounting is discontinued because it is determined that the derivative no longer qualifies as an effective fair value or cash flow hedge, the hedging relationship will cease. The hedging instrument will continue to be carried on the balance sheet at fair value, with changes in fair value recognized in current period earnings. In the case of a discontinued fair value hedge of a recognized asset or liability, as long as the hedged item continues to exist on the balance sheet, the hedged item will no longer be adjusted for changes in fair value attributable to the hedged risk. The basis adjustment that had previously been recorded to the hedged item during the period from the hedge designation date to the hedge discontinuation date is recognized as an adjustment to the yield of the hedged item over the remaining life of the hedged item. In the case of a discontinued cash flow hedge of a recognized asset or liability, as long as the hedged item continues to exist on the balance sheet, further changes in fair value of the hedging derivative will no longer be recorded in other comprehensive income (loss). The balance applicable to the discontinued hedging relationship will be recognized in earnings over the remaining life of the hedged item as an adjustment to yield. If the discontinued hedged item was a forecasted transaction where it is probable the forecasted transaction will not occur at the end of the original specified time period or within an additional two-month period thereafter, any amounts recorded in accumulated other comprehensive loss are immediately reclassified to current period earnings. In the case of a cash flow hedge, if the previously hedged item is sold or extinguished, the basis adjustment to the underlying asset or liability or any remaining unamortized accumulated other comprehensive loss balance will be reclassified to current period earnings. In all other situations in which hedge accounting is discontinued, the derivative will be carried at fair value on the consolidated balance sheet, with changes in its fair value recognized in current period earnings unless redesignated in a qualifying cash flow hedge.
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Interest Rate Lock Commitments | Interest Rate Lock Commitments We enter into commitments to originate residential mortgage loans whereby the interest rate on the loan is set prior to funding (rate lock commitments). The interest rate lock commitments on residential mortgage loans that are classified as held for sale are considered to be derivatives and are recorded at fair value in other assets or other liabilities in the consolidated balance sheet. Changes in fair value are recorded as a component of other income (loss) in the consolidated statement of income.
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Share-Based Compensation | Share-Based Compensation We use the fair value based method of accounting for awards of HSBC stock granted to employees under various restricted share and employee stock purchase plans. Stock compensation costs are recognized prospectively for all new awards granted under these plans. Compensation expense relating to restricted share awards is based upon the fair value on the date of grant and is charged to earnings over the requisite service period (e.g., vesting period), less estimated forfeitures. When modeling awards with vesting that is dependent on performance conditions, these performance conditions are incorporated into the model using Monte Carlo simulation. The expected life of these awards depends on the behavior of the award holders, which is incorporated into the model consistent with historical observable data. All excess tax benefits and tax deficiencies for share-based payment awards are recorded within income tax expense in the consolidated statement of income.
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Pension and Other Postretirement Benefits | Pension and Other Postretirement Benefits We recognize the funded status of the postretirement benefit plans on the consolidated balance sheet. Net postretirement benefit cost charged to current earnings related to these plans is based on various actuarial assumptions regarding expected future experience. Certain employees are participants in various defined contribution, defined benefit and other supplemental retirement plans sponsored by HSBC North America. Our portion of the expense related to these plans is allocated to us and charged to current earnings. Substantially all of our employees participate in a 401(k) plan. Employer contributions to the plan, which are charged to current earnings, are based on employee contributions.
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Income Taxes | Income Taxes HSBC USA is included in HSBC North America's consolidated Federal income tax return and in various combined State income tax returns. As such, we have entered into a tax allocation agreement with HSBC North America and its subsidiary entities (the "HNAH Group") which governs the current amount of taxes to be paid or received by the various entities included in the consolidated return filings. Generally, such agreements allocate taxes to members of the HNAH Group based on the calculation of tax on a separate return basis, adjusted for the utilization or limitation of credits of the consolidated group. To the extent all the tax attributes available cannot be currently utilized by the consolidated group, the proportionate share of the utilized attribute is allocated based on each affiliate's percentage of the available attribute computed in a manner that is consistent with the taxing jurisdiction's laws and regulations regarding the ordering of utilization. In addition, we file some separate company State tax returns. We recognize deferred tax assets and liabilities for the future tax consequences related to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for Federal and State net operating losses. Deferred tax assets and liabilities are measured using the enacted tax rates and laws that will be in effect when the deferred tax items are expected to be realized. If applicable, valuation allowances are recorded to reduce deferred tax assets for amounts we conclude are more likely than not to be unrealized. Since we are included in HSBC North America's consolidated Federal tax return and various combined State tax returns, the related evaluation of the recoverability of the deferred tax assets is performed at the HSBC North America consolidated level. We consider the HNAH Group's consolidated deferred tax assets and various sources of taxable income in reaching conclusions on recoverability of deferred tax assets. The HNAH Group evaluates deferred tax assets for recoverability using a consistent approach which considers the relative impact of negative and positive evidence, including historical financial performance, projections of future taxable income, expectations of future corporate alternative minimum tax and any resulting credit carryforwards, future reversals of existing taxable temporary differences, tax planning strategies and any available carryback capacity. In evaluating the need for a valuation allowance, the HNAH Group estimates future taxable income based on objective and verifiable management forecasts. This process involves significant management judgment about assumptions that are subject to change from period to period. Where a valuation allowance is determined to be necessary at the HSBC North America consolidated level, such allowance is allocated to principal subsidiaries within the HNAH Group in a manner that is systematic, rational and consistent with the broad principles of accounting for income taxes. The methodology generally allocates the valuation allowance to the principal subsidiaries based primarily on the entity's relative contribution to the HNAH Group's consolidated deferred tax asset against which the valuation allowance is being recorded. Further evaluation is performed at the HSBC USA legal entity level to evaluate the need for a valuation allowance where we file separate company State income tax returns. Foreign taxes paid are applied as credits to reduce Federal income taxes payable, to the extent that such credits can be utilized. We recognize accrued interest related to uncertain tax positions in interest expense in the consolidated statement of income and recognize penalties, if any, related to uncertain tax positions as a component of other expenses in the consolidated statement of income.
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Transactions with Related Parties | Transactions with Related Parties In the normal course of business, we enter into transactions with HSBC and its subsidiaries. These transactions occur at prevailing market rates and terms and include funding arrangements, derivatives, servicing arrangements, information technology, centralized support services, banking and other miscellaneous services.
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New Accounting Pronouncements | New Accounting Pronouncements The following new accounting pronouncement was adopted during 2023:
The following are new accounting pronouncements issued by the Financial Accounting Standards Board which will be adopted in future periods:
There have been no additional accounting pronouncements issued that are expected to have a material impact on our consolidated financial statements.
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Fair Value Hierarchy | Fair Value Hierarchy The Fair Value Framework establishes a three-tiered fair value hierarchy as follows: Level 1 quoted market price - Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 valuation technique using observable inputs - Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are inactive, and measurements determined using valuation models where all significant inputs are observable, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 valuation technique with significant unobservable inputs - Level 3 inputs are unobservable inputs for the asset or liability and include situations where fair values are measured using valuation techniques based on one or more significant unobservable inputs. Classification within the fair value hierarchy is based on whether the lowest hierarchical level input that is significant to the fair value measurement is observable. As such, the classification within the fair value hierarchy is dynamic and can be transferred to other hierarchy levels in each reporting period. Where fair value measurements are determined based on information obtained from independent pricing services or brokers, we apply appropriate validation procedures to substantiate fair value. For price validation purposes, quotations from at least two independent pricing sources are obtained for each financial instrument, where possible. The following factors are considered in determining fair values: •similarities between the asset or the liability under consideration and the asset or liability for which quotation is received; •collaboration of pricing by referencing to other independent market data such as market transactions and relevant benchmark indices; •consistency among different pricing sources; •the valuation approach and the methodologies used by the independent pricing sources in determining fair value; •the elapsed time between the date to which the market data relates and the measurement date; •the source of the fair value information; and •whether the security is traded in an active or inactive market. Greater weight is given to quotations of instruments with recent market transactions, pricing quotes from dealers who stand ready to transact, quotations provided by market-makers who structured such instrument and market consensus pricing based on inputs from a large number of survey participants. Any significant discrepancies among the external quotations are reviewed and adjustments to fair values are recorded where appropriate. Where the transaction volume of a specific instrument has been reduced and the fair value measurement becomes less transparent, we will apply more detailed procedures to understand and challenge the appropriateness of the unobservable inputs and the valuation techniques used by the independent pricing service. Where applicable, we will develop a fair value estimate using our own pricing model inputs to test reasonableness. Where fair value measurements are determined using internal valuation models, we will validate the fair value measurement by either developing unobservable inputs based on the industry consensus pricing surveys in which we participate or back testing by observing the actual settlements occurring soon after the measurement date.
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Summary of Significant Accounting Policies and New Accounting Pronouncements (Tables) |
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Charge-Off and Nonaccrual Policies and Practices by Product | Our charge-off and nonaccrual policies differ by product and are summarized below:
(1)Values are determined based upon broker price opinions or appraisals which are updated at least every 180 days less estimated costs to sell. During the quarterly period between updates, real estate price trends are reviewed on a geographic basis and additional downward adjustments are recorded as necessary. Fair values of foreclosed properties at the time of acquisition are initially determined based upon broker price opinions. Subsequent to acquisition, a more detailed property valuation is performed, reflecting information obtained from a walk-through of the property in the form of a listing agent broker price opinion as well as an independent broker price opinion or appraisal. A valuation is determined from this information within 90 days and any additional write-downs required are recorded through charge-off at that time. In determining the appropriate amounts to charge-off when a property is acquired in exchange for a loan, we do not consider losses on sales of foreclosed properties resulting from deterioration in value during the period the collateral is held because these losses result from future loss events which cannot be considered in determining the fair value of the collateral at the acquisition date. (2)Charge-offs involving a bankruptcy for credit card receivables occurs by the end of the month, 60 days after notification or 180 days contractually delinquent, whichever comes first.
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New Accounting Pronouncements | The following new accounting pronouncement was adopted during 2023:
The following are new accounting pronouncements issued by the Financial Accounting Standards Board which will be adopted in future periods:
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Strategic Initiatives (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Changes in Restructuring Liability | The following table summarizes the changes in the liability associated with our Restructuring Plan during 2022 and 2021:
(1)Severance and other employee costs are included in salaries and employee benefits in the consolidated statement of income. The majority of these costs were reported in the Wealth and Personal Banking business segment. Not included in these costs are allocated severance costs from HSBC Technology & Services (USA) Inc. ("HTSU") discussed further below. (2)Primarily includes real estate taxes, service charges and decommissioning costs. Lease termination and associated costs are included in occupancy expense, net in the consolidated statement of income and were reported in the Wealth and Personal Banking and the Corporate Center business segments. (3)Primarily includes professional fees and other staff costs, which are included in other expenses in the consolidated statement of income. The majority of these costs were reported in the Wealth and Personal Banking business segment. (4)At December 31, 2023, our remaining liability associated with our Restructuring Plan totaled $15 million.
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Trading Assets and Liabilities (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading Assets And Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading Assets and Liabilities | Trading assets and liabilities consisted of the following:
(1)The decrease in precious metals at December 31, 2023 includes the impact of the transfer of a portion of our precious metals inventory with a fair value of approximately $0.9 billion to HSBC Bank plc during the third quarter of 2023. See Note 24, "Related Party Transactions," for additional information.
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Securities (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost and Fair Value of the Securities Available-for-Sale and Held-to-Maturity | Our securities available-for-sale and securities held-to-maturity portfolios consisted of the following:
(1)Foreign debt securities represent public sector entity, bank or corporate debt.
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Gross Unrealized Losses and Related Fair Value | The following table summarizes gross unrealized losses and related fair values for securities available-for-sale by major security type at December 31, 2023 and 2022 classified as to the length of time the losses have existed:
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Realized Gains and Losses on Investment Securities Transactions Attributable to Available-for-Sale Securities | The following table summarizes realized gains and losses on investment securities transactions attributable to available-for-sale securities:
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Distribution of Maturities of Debt Securities with the Approximate Yield of the Portfolio | The table below also reflects the distribution of maturities of debt securities held at December 31, 2023, together with the approximate yield of the portfolio. The yields shown are calculated by dividing annualized interest income, including the accretion of discounts and the amortization of premiums, by the amortized cost of securities outstanding at December 31, 2023.
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Equity Securities Not Classified as Trading | Equity securities that are not classified as trading and are included in other assets consisted of the following:
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Loans (Tables) |
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Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Loans | Loans consisted of the following:
(1)Represents large multinational firms including globally focused U.S. corporate and financial institutions, U.S. dollar lending to multinational banking clients managed by HSBC on a global basis and complex large business clients supported by Global Banking and Markets relationship managers. (2)See Note 24, "Related Party Transactions," for additional information regarding loans to HSBC affiliates. (3)Includes certain student loans that we have elected to designate under the fair value option and are therefore carried at fair value, which totaled $15 million and $20 million at December 31, 2023 and 2022, respectively. See Note 17, "Fair Value Option," for further details.
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Summary of Past Due Status of Loans | The following table summarizes the past due status of our loans at December 31, 2023 and 2022. The aging of past due amounts is determined based on the contractual delinquency status of payments under the loan. An account is generally considered to be contractually delinquent when payments have not been made in accordance with the loan terms. Delinquency status is affected by customer account management policies and practices such as re-age, which results in the re-setting of the contractual delinquency status to current.
(1)Loans less than 30 days past due are presented as current.
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Contractual Maturities Of Loans Outstanding | Contractual maturities of loans outstanding at December 31, 2023 were as follows:
(1)Home equity mortgage maturities reflect estimates based on historical payment patterns. (2)As credit card receivables do not have stated maturities, the table reflects an average estimate based on historical payment patterns.
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Contractual Maturities Of Loans Outstanding By Repricing Characteristic | The following table summarizes loans outstanding at December 31, 2023 due after one year by repricing characteristic:
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Summary of Nonaccrual Loans and Accruing Receivables 90 Days or More Delinquent | Nonperforming loans, including nonaccrual loans and accruing loans contractually 90 days or more past due, consisted of the following:
(1)At December 31, 2023 and 2022, nonaccrual consumer mortgage loans include $108 million and $109 million, respectively, of loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell. (2)Nonaccrual consumer mortgage loans include all loans which are 90 or more days contractually delinquent as well as loans discharged under Chapter 7 bankruptcy and not re-affirmed and second lien loans where the first lien loan that we own or service is 90 or more days contractually delinquent. (3)Nonaccrual consumer mortgage loans for all periods does not include guaranteed loans purchased from the Government National Mortgage Association. Repayment of these loans is predominantly insured by the Federal Housing Administration and as such, these loans have different risk characteristics from the rest of our consumer loan portfolio.
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Summary of Modified Loans | The following table presents information about loan payment modifications made to borrowers experiencing financial difficulty during 2023 by type of modification, including the period-end carrying value and as a percentage of total loans:
(1)Represents loans with more than one type of payment modification during the period. (2)Not included in the table during 2023 was a $32 million corporate banking loan that was provided with a term extension and was subsequently charged-off within the same quarter. (3)During 2023, the carrying value of consumer mortgage loans with a payment modification included loans that were recorded at the lower of amortized cost or fair value of the collateral less cost to sell. The following table summarizes the financial effect of loan payment modifications made to borrowers experiencing financial difficulty during 2023 by type of modification:
The following table presents loans to borrowers experiencing financial difficulty with a payment modification during the previous 12 months which subsequently became 90 days or greater contractually delinquent during 2023 by type of modification:
(1)Represents loans with more than one type of payment modification during the period. The following table summarizes our TDR Loans at December 31, 2022:
(1)Additional commitments to lend to commercial borrowers whose loans have been modified in TDR Loans totaled $38 million at December 31, 2022. (2)At December 31, 2022, the carrying value of consumer mortgage TDR Loans included $99 million of loans that were recorded at the lower of amortized cost or fair value of the collateral less cost to sell. (3)At December 31, 2022, the carrying value of TDR Loans included $122 million of loans which were classified as nonaccrual.
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Summary of Past Due Status of Loans with Payment Modification | The following table presents the past due status of loans to borrowers experiencing financial difficulty with a payment modification during the previous 12 months at December 31, 2023:
(1)Loans less than 30 days past due are presented as current. (2)Not included in the table at December 31, 2023 was a $32 million corporate banking loan that was provided with a term extension and was subsequently charged-off within the same quarter.
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Summary of Receivables which were Modified and as a Result became Classified as TDR Loans | The following table presents information about loans which were modified during 2022 and 2021 and as a result of this action became classified as TDR Loans:
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Loans Classified As TDR Loans In Previous 12 Months That Became 60 Days Or Greater Delinquent | The following table presents consumer loans which were classified as TDR Loans during the previous 12 months which subsequently became 60 days or greater contractually delinquent during the years ended December 31, 2022 and 2021:
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Commercial loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Criticized Commercial Loans | The following table summarizes our criticized commercial loans, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
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Summary of Nonperforming Status | The following table summarizes the nonperforming status of our commercial loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
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Summary of Credit Quality Indicators | The following table summarizes the credit risk profile of our commercial loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
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Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Nonperforming Status | The following table summarizes the nonperforming status of our consumer loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
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Summary of Credit Quality Indicators | The following table summarizes dollars of two-months-and-over contractual delinquency for our consumer loan portfolio, including a disaggregation of the loans by year of origination as of December 31, 2023 and 2022:
(1)At December 31, 2023 and 2022, consumer mortgage loan delinquency includes $61 million and $60 million, respectively, of loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell. (2)At both December 31, 2023 and 2022, consumer mortgage loans include $21 million of loans that were in the process of foreclosure. The following table summarizes gross charge-off dollars in our consumer loan portfolio, disaggregated by year of origination, during 2023:
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Allowance for Credit Losses (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Forecasted Key Macroeconomic Variables Used in Estimating Lifetime ECL | The following table presents the forecasted key macroeconomic variables in our Central scenarios used for estimating lifetime ECL at December 31, 2023 and 2022:
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Summary of Allowance for Credit Losses and Liability for Off-balance Sheet Credit Exposures | The following table summarizes our allowance for credit losses and the liability for off-balance sheet credit exposures:
(1)See Note 6, "Securities," for additional information regarding the allowance for credit losses associated with our security portfolios. (2)Primarily includes accrued interest receivables and customer acceptances.
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Summary of Changes in the Allowance for Credit Losses by Product Line | The following table summarizes the changes in the allowance for credit losses on loans by product or line of business during the years ended December 31, 2023, 2022 and 2021:
(1)For loans that are transferred to held for sale, the existing allowance for credit losses at the time of transfer is recognized as a charge-off to the extent fair value is less than amortized cost and attributable to credit. Any remaining allowance for credit losses is released to the provision for credit losses. During the second quarter of 2021, we made the decision to exit our mass market retail banking business which resulted in the transfer of certain loans to held for sale. As a result of transferring these loans to held for sale, we recognized $56 million of the existing allowance for credit losses on consumer loans as charge-offs, primarily related to non-performing credit cards, and released $100 million of the existing allowance for credit losses on consumer loans as reductions to the provision for credit losses, primarily related to credit cards. The existing commercial allowance for credit losses on the retail business banking loan portfolio transferred to held for sale was not material. See Note 4, "Sale of Certain Branch Assets and Liabilities." During the fourth quarter of 2021, a portfolio of Premier credit cards was transferred back to held for investment which resulted in increases to the allowance for credit losses and provision for credit losses of $14 million. During the third quarter of 2021, we transferred certain commercial real estate loans to held for sale and, as a result, we released $24 million of the existing allowance for credit losses as a reduction to the provision for credit losses. During the fourth quarter of 2021, we also transferred certain non-performing mortgage loans and government-backed mortgage loans to held for sale. As a result, we recognized $4 million of the existing allowance for credit losses as charge-offs and released $22 million of the existing allowance for expected recoveries on these loans as an increase to the provision for credit losses.
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Summary of Changes in the Liability for Off-balance Sheet Credit Exposures | The following table summarizes the changes in the liability for off-balance sheet credit exposures during the years ended December 31, 2023, 2022 and 2021:
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Summary of Accrued Interest Receivables | The following table summarizes accrued interest receivables associated with financial assets carried at amortized cost and securities available-for-sale along with the related allowance for credit losses, which are reported net in other assets on the consolidated balance sheet. These accrued interest receivables are excluded from the amortized cost basis disclosures presented elsewhere in these financial statements, including Note 6, "Securities," and Note 7, "Loans."
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Loans Held for Sale (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Held for Sale | Loans held for sale consisted of the following:
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Properties and Equipment, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Properties and Equipment, Net | Properties and equipment, net is summarized in the following table:
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Leases (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Lease Costs and Supplemental Cash Flow Information | The following table summarizes the components of total operating lease costs, net and provides supplemental cash flow information related to leases:
(1)We have entered into agreements to sublease certain office space, including agreements to receive rental income from our affiliates. As lessee of the properties, we have entered into agreements with these affiliates to charge them rent based on the office space utilized by their employees during the period. See Note 24, "Related Party Transactions," for further disclosure.
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Operating Lease ROU Assets and Liabilities | The following table presents information about our operating lease ROU assets and liabilities:
(1)Reported inclusive of prepaid construction costs, net of level lease adjustments and accumulated impairment losses.
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Maturity Analysis of Operating Lease Liabilities | The following table presents a maturity analysis of our operating lease liabilities at December 31, 2023:
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Deposits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Time Deposits of $250,000 or More | The following table presents the aggregate amount of time deposit accounts in denominations exceeding $250,000 at December 31, 2023 and 2022:
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Schedule of Maturities of Time Deposits | The scheduled maturities of all time deposits at December 31, 2023 are summarized in the following table:
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Short-Term Borrowings (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-Term Debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of short-term borrowings | Short-term borrowings consisted of the following:
*The rate on securities sold under repurchase agreements is not meaningful as the denominator used in the calculation reflects the net amount presented in the balance sheet.
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Long-Term Debt (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Unclassified [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of long-term debt instruments | Interest rates and maturity dates in effect at December 31, 2023 are shown in the below table.
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Maturities of long-term debt | Maturities of long-term debt at December 31, 2023 were as follows:
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Derivative Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Derivative Instruments | The following table presents the fair value of derivative contracts by major product type on a gross basis. Gross fair values exclude the effects of both counterparty netting as well as collateral, and therefore are not representative of our exposure. The table below also presents the amounts of counterparty netting and cash collateral that have been offset in the consolidated balance sheet, as well as cash and securities collateral posted and received under enforceable master netting agreements that do not meet the criteria for netting. Derivative assets and liabilities which are not subject to an enforceable master netting agreement, or are subject to a netting agreement where an appropriate legal opinion to determine such agreements are enforceable has not been either sought or obtained, have not been netted in the following table. Where we have received or posted collateral under netting agreements where an appropriate legal opinion to determine such agreements are enforceable has not been either sought or obtained, the related collateral also has not been netted in the following table.
(1)Derivative assets / liabilities related to cash flow hedges, fair value hedges and derivative instruments held for purposes other than for trading are recorded in / interest, taxes and on the consolidated balance sheet. (2)Over-the-counter ("OTC") derivatives include derivatives executed and settled bilaterally with counterparties without the use of an organized exchange or central clearing house. The credit risk associated with bilateral OTC derivatives is managed through obtaining collateral and enforceable master netting agreements. OTC-cleared derivatives are executed bilaterally in the OTC market but then novated to a central clearing counterparty, whereby the central clearing counterparty becomes the counterparty to each of the original counterparties. Exchange traded derivatives are executed directly on an organized exchange. Credit risk is minimized for OTC-cleared derivatives and exchange traded derivatives through daily margining requirements. In addition, OTC-cleared interest rate and credit derivatives with certain central clearing counterparties are settled daily. (3)Trading related derivative assets / liabilities are recorded in trading assets / trading liabilities on the consolidated balance sheet. (4)Consists of swap agreements entered into in conjunction with the sales of Visa Inc. ("Visa") Class B common shares ("Class B Shares"). (5)Represents the netting of derivative receivable and payable balances for the same counterparty under enforceable netting agreements. (6)Represents the netting of cash collateral posted and received by counterparty under enforceable netting agreements. (7)Netting is performed at a counterparty level in cases where enforceable master netting agreements are in place, regardless of the type of derivative instrument. Therefore, we have not allocated netting to the different types of derivative instruments shown in the table above.
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Schedule of Gains and Losses on Fair Value Hedging Instruments | The following table presents the carrying amount of hedged items in fair value hedges recognized in the consolidated balance sheet at December 31, 2023 and 2022, along with the cumulative amount of fair value hedging adjustments included in the carrying amount of those hedged items:
(1)The carrying amount of securities AFS represents the amortized cost basis. The following table presents information on gains and losses on derivative instruments designated and qualifying as hedging instruments and the hedged items in fair value hedges and their location on the consolidated statement of income:
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Schedule of Gains and Losses on Cash Flow Hedging Instruments | The following table presents information on gains and losses on derivative instruments designated and qualifying as hedging instruments in cash flow hedges (including amounts recognized in AOCI from discontinued cash flow hedges) and their location on the consolidated statement of income:
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Schedule of Gains and Losses on Derivative Instruments Included in Trading Activities | The following table presents information on gains and losses on derivative instruments held for trading purposes and their location on the consolidated statement of income:
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Schedule of Gains and Losses on Derivative Instruments Held for Non-qualifying Hedging Activities | The following table presents information on gains and losses on derivative instruments held for non-qualifying hedging and other activities and their location on the consolidated statement of income:
(1)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares.
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Credit-Risk Related Contingent Features | The following table presents the amount of additional collateral that we would be required to post (from the current collateral level) related to derivative instruments with credit-risk related contingent features if our long-term ratings were downgraded by one or two notches. A downgrade by a single rating agency that does not result in a rating lower than a preexisting corresponding rating provided by another rating agency will generally not result in additional collateral.
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Notional Value of Derivative Contracts | The following table summarizes the notional values of derivative contracts:
(1)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares.
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Fair Value Option (Tables) |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Fair Value and Unpaid Principal Balance for Items Accounted for Under FVO | The following table summarizes the fair value and unpaid principal balance for items we account for under FVO:
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Components of Gain on Instruments at Fair Value and Related Derivatives | The following table summarizes the components of gain (loss) on instruments designated at fair value and related derivatives reflected in the consolidated statement of income for the years ended December 31, 2023, 2022 and 2021:
(1)As it relates to hybrid instruments, interest rate and other components primarily includes interest rate and equity contract risks. (2)The fair value movement on fair value option liabilities attributable to our own credit spread is recorded in other comprehensive income (loss). (3)During 2022, the loss in the credit risk component for loans and loans held for sale was attributable to the widening of credit spreads associated with certain commercial loans held for sale which were impacted by the weakening of market conditions and deterioration in the financial condition of certain clients.
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Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of income tax expense (benefit) | Total income taxes was as follows:
The components of the provision for income taxes were as follows:
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Effective Tax Rates | The following table provides an analysis of the difference between effective rates based on the provision for income taxes attributable to pretax income and the statutory U.S. Federal income tax rate:
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Components of net deferred tax position | The components of the net deferred tax asset are presented in the following table:
(1)Real estate mortgage investment conduits ("REMICs") are investment vehicles that hold commercial and residential mortgages in trust and issue securities representing an undivided interest in these mortgages. HSBC Bank USA holds portfolios of noneconomic residual interests in a number of REMICs. This item represents tax basis in such interests which has accumulated as a result of tax rules requiring the recognition of income related to such noneconomic residuals. (2)Reflects our tax return election to capitalize certain service costs.
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Reconciliation of unrecognized tax benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits related to uncertain tax positions is as follows:
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Accumulated Other Comprehensive Loss (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | The following table presents changes in accumulated other comprehensive loss balances:
(1)Amount reclassified to net income is included in other securities gains (losses), net in our consolidated statement of income. (2)Changes in the allowance for credit losses on securities available-for-sale are included in the provision for credit losses in our consolidated statement of income. (3)Amount amortized to net income is included in interest income in our consolidated statement of income. During 2014, we transferred securities from available-for-sale to held-to-maturity. At the date of transfer, AOCI included net pretax unrealized losses related to the transferred securities which are being amortized over the remaining contractual life of each security as an adjustment of yield in a manner consistent with the amortization of any premium or discount. (4)Amount reclassified to net income is included in net interest income in our consolidated statement of income.
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Pension and Other Postretirement Benefits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Benefit Cost | The following table reflects the portion of pension (income) expense and its related components of the combined HSBC North America Pension Plan which has been allocated to us and is recorded in our consolidated statement of income. We have not been allocated any portion of the Plan's net pension asset.
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Schedule of Assumptions Used | The assumptions used in determining pension (income) expense of the HSBC North America Pension Plan are as follows:
(1)Since the Plan is measured on a quarterly basis, pension (income) expense for the Plan is calculated each quarter based on the preceding quarter-end rate. Shown are the discount rates used to determine pension (income) expense for each respective quarter (i.e., first quarter / second quarter / third quarter / fourth quarter). (2)In 2022, as a result of significantly increasing yields on fixed income securities and subsequent increases in longer term capital market returns, HSBC North America decided to increase its expected long-term rate of return on Plan assets assumption to 4.00 percent during the third quarter of 2022 and 4.75 percent during the fourth quarter of 2022. The expected long-term rate of return on Plan assets assumption used during the first half of 2022 was 3.50 percent. The assumptions used in determining the benefit obligation of our postretirement benefit plans at December 31 are as follows:
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Fee Income from Contracts with Customers (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Fee Income | The following table summarizes fee income from contracts with customers disaggregated by type of activity, as well as a reconciliation to total other revenues, during the years ended December 31, 2023, 2022 and 2021. Following the table is a description of the various types of fee-based activities and how revenue associated with these activities is recognized.
(1)Included within other income (loss) in the consolidated statement of income. (2)See Note 25, "Business Segments," for a reconciliation of total other revenues on a U.S. GAAP basis to other operating income for each business segment under the Group Reporting Basis.
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Related Party Transactions (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Related Party Transactions | The following tables and discussions below present the more significant related party balances and the income (expense) generated by related party transactions:
(1)Reflects purchases of securities under which other HSBC affiliates have agreed to repurchase. (2)Other assets and other liabilities primarily consist of derivative balances associated with hedging activities and other miscellaneous account receivables and payables. Other assets also includes receivables from HSBC Bank plc associated with certain client share repurchase transactions.
(1)We receive rental income from our affiliates for certain office space, which is recorded as a component of occupancy expense, net in our consolidated statement of income. (2)Employees may participate in one or more stock compensation plans sponsored by HSBC. These expenses are included in salaries and employee benefits in our consolidated statement of income. Certain employees are also eligible to participate in a defined benefit pension plan and other postretirement plans sponsored by HSBC North America which are discussed in Note 22, "Pension and Other Postretirement Benefits."
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Schedule of Loan Balances Outstanding with Affiliates | At December 31, 2023 and 2022, we had the following loan balances outstanding with HSBC affiliates:
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Business Segments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary on Reconciliation of Results under Group Reporting Basis to US GAAP | The following table summarizes the impact of this change on reported segment net interest income (expense) and other operating income (expense) for the years ended December 31, 2022 and 2021:
The following table summarizes the results for each segment on a Group Reporting Basis, as well as provides a reconciliation of total results under the Group Reporting Basis to U.S. GAAP consolidated totals:
(1)Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis. These adjustments, which are more fully described above, consist of the following:
(2)Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.
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Retained Earnings and Regulatory Capital Requirements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retained Earnings Note Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital Amounts and Ratios in Accordance With Current Banking Regulations | The following table summarizes the capital amounts and ratios of HSBC USA and HSBC Bank USA, calculated in accordance with the Basel III rule at December 31, 2023 and 2022:
(1)HSBC USA and HSBC Bank USA are categorized as "well-capitalized," as defined by their principal regulators. To be categorized as well-capitalized under regulatory guidelines, a banking institution must maintain capital equal to or in excess of the ratios reflected in the above table, and must not be subject to a directive, order, or written agreement to meet and maintain specific capital levels. (2)There are no common equity Tier 1 or Tier 1 leverage ratio components in the definition of a well-capitalized bank holding company. The ratios shown are the regulatory minimums. (3)Calculated using the Standardized Approach. (4)Represents the Tier 1 leverage ratio denominator which reflects quarterly average assets adjusted for amounts permitted to be deducted from Tier 1 capital.
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Variable Interest Entities (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Assets and Liabilities Related to Consolidated Variable Interest Entities | The following table summarizes assets and liabilities related to our consolidated VIEs at December 31, 2023 and 2022 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation.
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Variable Interests Held by Us and Our Maximum Exposure to Loss Rising From Our Involvements in Those VIEs | The following table provides additional information on these unconsolidated VIEs, including the variable interests held by us and our maximum exposure to loss arising from our involvement in these VIEs, at December 31, 2023 and 2022:
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Guarantee Arrangements, Pledged Assets and Repurchase Agreements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value and Contractual Amounts of our Sell Protection Credit Derivatives and Major Off-Balance Sheet Guarantee Arrangements | The following table presents total carrying value and contractual amounts of our sell protection credit derivatives and major off-balance sheet guarantee arrangements at December 31, 2023 and 2022. Following the table is a description of the various arrangements.
(1)Includes $1,483 million and $2,744 million of notional issued for the benefit of HSBC affiliates at December 31, 2023 and 2022, respectively. (2)For credit derivatives, the maximum loss is represented by the notional amounts without consideration of mitigating effects from collateral or recourse arrangements. (3)Includes $2,080 million and $2,069 million of both financial and performance standby letters of credit issued for the benefit of HSBC affiliates at December 31, 2023 and 2022, respectively. (4)For standby letters of credit, maximum loss represents losses to be recognized assuming the letters of credit have been fully drawn and the obligors have defaulted with zero recovery.
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Net Credit Derivative Positions | The following table summarizes our net credit derivative positions at December 31, 2023 and 2022:
(1)Positions are presented net in the table above to provide a complete analysis of our risk exposure and depict the way we manage our credit derivative portfolio. The offset of the sell-protection credit derivatives against the buy-protection credit derivatives may not be legally binding in the absence of master netting agreements with the same counterparty. Furthermore, the credit loss triggering events for individual sell-protection credit derivatives may not be the same or occur in the same period as those of the buy-protection credit derivatives thereby not providing an exact offset.
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Summary of Credit Ratings of Credit Risk Related Guarantees | The following table summarizes the credit ratings related to guarantees including the ratings of counterparties against which we sold credit protection and financial standby letters of credit at December 31, 2023 as an indicative proxy of payment risk:
(1)The credit ratings in the table represent external credit ratings for classification as investment grade and non-investment grade. (2)External ratings for most of the obligors are not available. Presented above are the internal credit ratings which are developed using similar methodologies and rating scale equivalent to external credit ratings for purposes of classification as investment grade and non-investment grade.
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Summary of Pledged Assets Included in Consolidated Balance Sheet | Pledged assets included in the consolidated balance sheet consisted of the following:
(1)Represents gross amount of cash on deposit with banks primarily related to derivative collateral-support agreements, of which a majority has been netted against derivative liabilities on the consolidated balance sheet. (2)Trading assets are primarily pledged against liabilities associated with repurchase agreements. (3)Securities are primarily pledged against derivatives, public fund deposits, trust deposits and various short-term and long term borrowings, as well as providing capacity for potential secured borrowings from the FHLB and the Federal Reserve Bank of New York. (4)Loans are primarily residential mortgage loans pledged against current and potential borrowings from the FHLB and the Federal Reserve Bank of New York. (5)Represents gross amount of cash on deposit with non-banks primarily related to derivative collateral support agreements, of which a majority has been netted against derivative liabilities on the consolidated balance sheet.
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Offsetting Assets and Liabilities | The following table provides information about resale and repurchase agreements that are subject to offset at December 31, 2023 and 2022:
(1)Represents recognized amount of resale and repurchase agreements with counterparties subject to legally enforceable netting agreements that meet the applicable netting criteria as permitted by generally accepted accounting principles. (2)Represents securities received or pledged to cover financing transaction exposures. (3)Represents the amount of our exposure that is not collateralized / covered by pledged collateral.
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Class of Collateral Pledged and Remaining Contractual Maturity of Repurchase Agreements Accounted for as Secured Borrowings | The following table provides the class of collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings at December 31, 2023 and 2022:
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Fair Value Measurements (Tables) |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets and Liabilities Recorded at Fair Value on a Recurring Basis | The following table presents information about our assets and liabilities measured at fair value on a recurring basis at December 31, 2023 and 2022, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. Unless otherwise noted below, assets and liabilities in the following table are recorded at fair value through net income.
(1)Represents counterparty and cash collateral netting which allow the offsetting of amounts relating to certain contracts if certain conditions are met. (2)Includes trading derivative assets of $1,276 million and $1,614 million and trading derivative liabilities of $1,496 million and $1,966 million at December 31, 2023 and 2022, respectively, as well as derivatives held for hedging and other non-qualifying economic hedging activities. See Note 16, "Derivative Financial Instruments," for additional information. Excluding changes in fair value of a derivative instrument associated with a qualifying cash flow hedge, which are recognized initially in other comprehensive loss, derivative assets and liabilities are recorded at fair value through net income. (3)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares. (4)Securities available-for-sale are recorded at fair value through other comprehensive loss. Changes in the allowance for credit losses on securities available-for-sale are recorded through net income. (5)See Note 17, "Fair Value Option," for additional information. Excluding the fair value movement on fair value option liabilities attributable to our own credit spread, which is recorded in other comprehensive loss, fair value option assets and liabilities are recorded at fair value through net income. (6)Investments that are measured at fair value using the net asset value per share practical expedient have not been classified in the fair value hierarchy. (7)Consists of assets and liabilities associated with certain client share repurchase transactions.
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Changes in Fair Value of Level 3 Assets and Liabilities | The following table summarizes additional information about changes in the fair value of Level 3 assets and liabilities during 2023 and 2022. As a risk management practice, we may risk manage the Level 3 assets and liabilities, in whole or in part, using securities and derivative positions that are classified as Level 1 or Level 2 measurements within the fair value hierarchy. Since those Level 1 and Level 2 risk management positions are not included in the table below, the information provided does not reflect the effect of such risk management activities related to the Level 3 assets and liabilities.
(1)Level 3 net derivatives included derivative assets of $200 million and derivative liabilities of $217 million at December 31, 2023 and derivative assets of $91 million and derivative liabilities of $353 million at December 31, 2022. Gains (losses) on derivatives, net are predominantly included in trading revenue and gain (loss) on instruments designated at fair value and related derivatives in the consolidated statement of income. (2)Consists of swap agreements entered into in conjunction with the sales of Visa Class B Shares. Gains (losses) on these swap agreements are included in other income (loss) in the consolidated statement of income. (3)Realized gains (losses) on securities available-for-sale are included in other securities gains (losses), net in the consolidated statement of income. Changes in the allowance for credit losses on securities available-for-sale are included in the provision for credit losses in the consolidated statement of income. Unrealized gains (losses) on securities available-for-sale are included in . (4)Excluding unrealized gains (losses) on fair value option liabilities attributable to our own credit spread, which are recorded in other comprehensive income (loss), gains (losses) on fair value option assets and liabilities are included in gain (loss) on instruments designated at fair value and related derivatives in the consolidated statement of income. (5)Gains (losses) on mortgage servicing rights are included in in the consolidated statement of income.
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Quantitative Information about Recurring Fair Value Measurement of Assets and Liabilities Classified as Level 3 | The following table presents quantitative information about the unobservable inputs used to determine the recurring fair value measurement of assets and liabilities classified as Level 3 fair value measurements at December 31, 2023 and 2022:
(1)For equity derivatives, credit derivatives, structured deposits and structured notes, weighted averages are calculated based on the fair value of the instruments. For all remaining instrument types, weighted averages are calculated based on the notional value of the instruments. (2)We are the client-facing entity and, except for structured notes and deposits with embedded credit derivative features, we enter into identical but opposite derivatives to transfer the resultant risks to our affiliates. With the exception of counterparty credit risks, we are market risk neutral in substantially all of the structured notes and deposits. The corresponding intra-group derivatives are presented as equity derivatives in the table. (3)Structured deposits and structured notes contain embedded derivative features whose fair value measurements contain significant Level 3 inputs. See equity derivatives and credit derivatives below for a discussion of the uncertainty of Level 3 inputs related to structured deposits and structured notes. N/A Not Applicable
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Assets and Liabilities Recorded at Fair Value on a Non Recurring Basis | The following table presents the fair value hierarchy level within which the fair value of the financial and non-financial assets has been recorded at December 31, 2023 and 2022. The gains (losses) during 2023 and 2022 are also included.
(1)Represents residential mortgage loans held for investment whose carrying amount was adjusted during the period based on the fair value of the underlying collateral. (2)Certain commercial loans are individually assessed for impairment. We measure the credit impairment of a collateral-dependent loan based on the fair value of the collateral asset. The collateral often involves real estate properties that are illiquid due to market conditions. As a result, these loans are classified as a Level 3 fair value measurement within the fair value hierarchy. (3)During 2023 and 2022, we wrote down lease ROU assets and leasehold improvement assets associated with the exit of certain office space. During 2022, we also wrote-off certain capitalized software. (4)At December 31, 2022, the fair value of the loans held for sale was below cost.
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Quantitative Information about Non Recurring Fair Value Measurement of Assets and Liabilities | The following tables present quantitative information about non-recurring fair value measurements of assets and liabilities classified with Level 3 of the fair value hierarchy at December 31, 2023 and 2022:
(1)Weighted average is calculated based on the carrying value of the loans.
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Additional Information Relating to Asset-Backed Securities and Collateralized Debt Obligations | The following tables provide additional information relating to our available-for-sale asset-backed securities at December 31, 2023:
(1)We utilize S&P as the primary source of credit ratings in the tables above. If S&P ratings are not available, ratings by Moody's and Fitch are used in that order.
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Carrying Value and Estimated Fair Value of Financial Instruments | The following table summarizes the carrying value and estimated fair value of our financial instruments, excluding financial instruments that are carried at fair value on a recurring basis, at December 31, 2023 and 2022, and their classification within the fair value hierarchy:
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Financial Statements of HSBC USA Inc. (Parent) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Balance Sheet | Condensed parent company financial statements follow:
(1)Reflected a borrowing from HSBC Bank USA which matured in July 2023. (2)Contractual scheduled maturities for the debt over the next five years are as follows: 2024 – $4.7 billion; 2025 – $6.3 billion; 2026 – $1.1 billion; 2027 – $0.8 billion; 2028 – $0.9 billion; and thereafter – $1.9 billion.
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Schedule of Condensed Income (Loss) |
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Schedule of Condensed Cash Flow Statement |
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Summary of Significant Accounting Policies and New Accounting Pronouncements - Calculation of Lifetime ECL (Details) |
12 Months Ended |
---|---|
Dec. 31, 2023
scenario
| |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Number of forward-looking economic scenarios | 4 |
Reasonable and supportable forecast period for consensus economic scenarios | 2 years |
Reversion period for average historical values | 20 years |
Linear basis reversion period | 3 years |
Consumer loans | Residential mortgages | Minimum | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Expected loss severity percentage | 20.00% |
Consumer loans | Residential mortgages | Maximum | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Expected loss severity percentage | 40.00% |
Summary of Significant Accounting Policies and New Accounting Pronouncements - Charge-Off and Nonaccrual Policies and Practices (Details) |
12 Months Ended |
---|---|
Dec. 31, 2023 | |
Commercial loans | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Number of days contractually delinquent | 3 months |
Consumer loans | Residential mortgages | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Number of days contractually delinquent | 3 months |
Period of consecutive payments | 6 months |
Delinquent threshold period | 6 months |
Update period | 180 days |
Valuation period from fair value determination date | 90 days |
Consumer loans | Credit cards | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Delinquent threshold period | 6 months |
Notification period | 60 days |
Delinquent threshold period involving a bankruptcy | 180 days |
Consumer loans | Other consumer | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Delinquent threshold period | 4 months |
Summary of Significant Accounting Policies and New Accounting Pronouncements - Properties and Equipment, Net (Details) |
Dec. 31, 2023 |
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Minimum | |
Property, Plant and Equipment [Line Items] | |
Depreciable life | 3 years |
Maximum | |
Property, Plant and Equipment [Line Items] | |
Depreciable life | 40 years |
Strategic Initiatives - Narrative (Details) $ in Millions |
3 Months Ended | 12 Months Ended | 36 Months Ended | ||
---|---|---|---|---|---|
Jun. 30, 2021
USD ($)
branch
|
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
Dec. 31, 2022 |
|
Restructuring Cost and Reserve [Line Items] | |||||
Impairment charges | $ 63 | ||||
Derivative, Loss, Statement of Income or Comprehensive Income [Extensible Enumeration] | Trading revenue | ||||
Lease Termination and Associated Costs | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Impairment charges | $ 22 | ||||
Occupancy Expense, Net | Write Down Owned Office Space Properties to Fair Value | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Impairment charges | $ 13 | ||||
Restructuring Plan | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Expected period for completion of restructuring plan | 3 years | ||||
Restructuring charges | $ 190 | 289 | |||
Trading losses associated with exit of certain derivative contracts | 35 | ||||
Allocated restructuring costs from affiliates | 124 | 86 | |||
Restructuring Plan | Lease Termination and Associated Costs | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Number of branches closed | branch | 30 | ||||
Impairment of Leasehold | $ 18 | ||||
Restructuring Plan | Lease Termination and Associated Costs | Equipment | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Impairment of long-lived assets to be disposed of | 3 | ||||
Restructuring Plan | Write Off Of Capitalized Software | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Impairment charges | 3 | ||||
Restructuring Plan | Occupancy Expense, Net | Lease Termination and Associated Costs | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Impairment charges | $ 29 | 10 | 40 | ||
HSBC Group Restructuring Activities | |||||
Restructuring Cost and Reserve [Line Items] | |||||
Allocated restructuring costs from affiliates | $ 131 | $ 53 |
Strategic Initiatives - Restructuring Liability (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2023 |
|
Restructuring Reserve [Roll Forward] | |||
Restructuring liability at beginning of period | $ 56 | $ 33 | |
Restructuring costs accrued during the period | 53 | 65 | |
Restructuring costs paid during the period | (61) | (42) | |
Restructuring liability at end of period | 48 | 56 | |
Remaining restructuring liability | 48 | 56 | $ 15 |
Severance and Other Employee Costs | |||
Restructuring Reserve [Roll Forward] | |||
Restructuring liability at beginning of period | 10 | 10 | |
Restructuring costs accrued during the period | 23 | 12 | |
Restructuring costs paid during the period | (17) | (12) | |
Restructuring liability at end of period | 16 | 10 | |
Remaining restructuring liability | 16 | 10 | |
Lease Termination and Associated Costs | |||
Restructuring Reserve [Roll Forward] | |||
Restructuring liability at beginning of period | 46 | 23 | |
Restructuring costs accrued during the period | 2 | 38 | |
Restructuring costs paid during the period | (16) | (15) | |
Restructuring liability at end of period | 32 | 46 | |
Remaining restructuring liability | 32 | 46 | |
Other | |||
Restructuring Reserve [Roll Forward] | |||
Restructuring liability at beginning of period | 0 | 0 | |
Restructuring costs accrued during the period | 28 | 15 | |
Restructuring costs paid during the period | (28) | (15) | |
Restructuring liability at end of period | 0 | 0 | |
Remaining restructuring liability | $ 0 | $ 0 |
Sale of Certain Branch Assets and Liabilities - Narrative (Details) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2021
USD ($)
|
Jun. 30, 2021
USD ($)
|
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
branch
|
Dec. 31, 2021
USD ($)
branch
|
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Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on sale of branch disposal group, net | $ 0 | $ 113 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | [1] | $ 339 | 354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | $ 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on sale of branch disposal group, net | 113 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 2,148 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Properties and equipment held for sale | 45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash held for sale | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits held for sale | 6,919 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease liabilities held for sale | 145 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities held for sale | $ 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exit of Mass Market Retail Banking Business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of branches sold | branch | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | $ 101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exit of Mass Market Retail Banking Business | Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | $ 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rebranding of Retail Branches | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of branches rebranded | branch | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Trading Assets and Liabilities - Summary (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | [1] | $ 22,115 | $ 21,730 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | [1] | 3,485 | 2,803 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of trading assets | 10 | 0 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Affiliated Entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of trading assets | $ 900 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 3,564 | 1,670 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government agency issued or guaranteed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 1 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 1,207 | 369 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 4,019 | 6,391 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 11,702 | 7,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Precious metals(1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 346 | 3,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | 301 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities sold, not yet purchased | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | 1,688 | 837 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 1,276 | 1,614 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | $ 1,496 | $ 1,966 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Trading Assets and Liabilities - Narrative (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Debt and Equity Securities, FV-NI [Line Items] | |||
Derivatives included in trading assets, amount offset | $ 1,760 | $ 2,653 | |
Derivatives included in trading liabilities, amount offset | 1,321 | 1,529 | |
Dividend income on equity securities held for trading | 159 | 165 | $ 157 |
Trading Assets | |||
Debt and Equity Securities, FV-NI [Line Items] | |||
Derivatives included in trading assets, amount offset | 1,416 | 2,653 | |
Trading Liabilities | |||
Debt and Equity Securities, FV-NI [Line Items] | |||
Derivatives included in trading liabilities, amount offset | $ 1,321 | $ 1,180 |
Securities - Amortized Cost and Fair Value of Asset Backed Securities (Detail) - USD ($) |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | $ 27,980,000,000 | $ 30,335,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 26,000,000 | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (2,310,000,000) | (3,025,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | [1] | 25,696,000,000 | 27,345,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 15,076,000,000 | 7,317,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 47,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (434,000,000) | (458,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 14,689,000,000 | 6,862,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 7,489,000,000 | 7,662,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 22,000,000 | 32,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (225,000,000) | (242,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 7,286,000,000 | 7,452,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 1,917,000,000 | 873,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 1,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (18,000,000) | (15,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 1,900,000,000 | 858,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 5,864,000,000 | 6,537,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (845,000,000) | (1,024,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 5,019,000,000 | 5,513,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 1,069,000,000 | 1,146,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (68,000,000) | (80,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 1,001,000,000 | 1,066,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateralized Mortgage Obligations, Issued by U.S. Government Sponsored Enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 1,436,000,000 | 1,549,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (300,000,000) | (323,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 1,136,000,000 | 1,226,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 297,000,000 | 358,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 3,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (16,000,000) | (19,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 284,000,000 | 342,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Agency Obligations U S Government Sponsored Enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 1,719,000,000 | 1,807,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (38,000,000) | (71,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 1,681,000,000 | 1,737,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed Securities, Issued or Guaranteed by US Government Agency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 5,804,000,000 | 7,477,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 1,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (378,000,000) | (772,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 5,427,000,000 | 6,705,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 10,043,000,000 | 2,895,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 43,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (180,000,000) | (177,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 9,906,000,000 | 2,718,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateralized Mortgage Obligations, Issued or Guaranteed by US Government Agency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 2,865,000,000 | 3,163,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (506,000,000) | (567,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 2,359,000,000 | 2,596,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 1,745,000,000 | 2,039,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (152,000,000) | (167,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 1,593,000,000 | 1,872,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Agency Obligations, Issued or Guaranteed by US Government Agency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 215,000,000 | 165,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 3,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (3,000,000) | (4,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 215,000,000 | 162,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity asset-backed securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 13,000,000 | 16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (1,000,000) | (1,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 12,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other asset-backed securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 103,000,000 | 105,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (11,000,000) | (12,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 92,000,000 | 93,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 2,472,000,000 | 1,854,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | (3,000,000) | (9,000,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 2,469,000,000 | 1,846,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations of U.S. states and political subdivisions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 4,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 4,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities collateralized by residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gains | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Losses | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | $ 1,000,000 | $ 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Securities - Narrative (Detail) - USD ($) |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Debt Securities, Available-for-sale [Line Items] | ||||
Securities available-for-sale, allowance for credit losses | $ 0 | $ 0 | $ 0 | |
Securities held-to-maturity, allowance for credit losses | 0 | 0 | 0 | |
Securities held-to-maturity, past due | 15,076,000,000 | 15,076,000,000 | 7,317,000,000 | |
Securities held-to-maturity, nonaccrual | 0 | 0 | 0 | |
Debt Securities, Available-for-Sale, Realized Loss | (246,000,000) | (6,000,000) | $ (86,000,000) | |
Equity securities without readily determinable fair values, impairment loss adjustment | 5,000,000 | 3,000,000 | $ 3,000,000 | |
U.S. Government agency issued or guaranteed | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Debt Securities, available-for-sale, carrying calue | 960,000,000 | 960,000,000 | ||
Debt Securities, Available-for-Sale, Realized Loss | (246,000,000) | |||
Past Due | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Securities held-to-maturity, past due | 0 | 0 | 0 | |
Other assets | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Federal Home Loan Bank stock | 95,000,000 | 95,000,000 | 95,000,000 | |
Federal Reserve Bank stock | $ 438,000,000 | $ 438,000,000 | $ 498,000,000 |
Securities - Gross Unrealized Losses and Related Fair Values (Detail) $ in Millions |
Dec. 31, 2023
USD ($)
security
|
Dec. 31, 2022
USD ($)
security
|
---|---|---|
Debt Securities, Available-for-sale [Line Items] | ||
Number of securities available for sale in one year or less | security | 22 | 369 |
Securities available-for-sale gross unrealized losses one year or less | $ (2) | $ (957) |
Securities available-for-sale aggregate fair value of investment one year or less | $ 2,889 | $ 10,968 |
Number of Securities available for sale greater than one year | security | 495 | 159 |
Securities available-for-sale gross unrealized losses greater than one year | $ (2,308) | $ (2,068) |
Securities available-for-sale aggregate fair value of investment greater than one year | $ 20,659 | $ 12,206 |
U.S. Treasury | ||
Debt Securities, Available-for-sale [Line Items] | ||
Number of securities available for sale in one year or less | security | 3 | 22 |
Securities available-for-sale gross unrealized losses one year or less | $ (1) | $ (105) |
Securities available-for-sale aggregate fair value of investment one year or less | $ 1,008 | $ 2,800 |
Number of Securities available for sale greater than one year | security | 41 | 19 |
Securities available-for-sale gross unrealized losses greater than one year | $ (224) | $ (137) |
Securities available-for-sale aggregate fair value of investment greater than one year | $ 4,906 | $ 2,013 |
U.S. Government sponsored enterprises | ||
Debt Securities, Available-for-sale [Line Items] | ||
Number of securities available for sale in one year or less | security | 2 | 233 |
Securities available-for-sale gross unrealized losses one year or less | $ 0 | $ (316) |
Securities available-for-sale aggregate fair value of investment one year or less | $ 80 | $ 3,270 |
Number of Securities available for sale greater than one year | security | 293 | 79 |
Securities available-for-sale gross unrealized losses greater than one year | $ (1,183) | $ (1,102) |
Securities available-for-sale aggregate fair value of investment greater than one year | $ 7,701 | $ 4,959 |
U.S. Government agency issued or guaranteed | ||
Debt Securities, Available-for-sale [Line Items] | ||
Number of securities available for sale in one year or less | security | 0 | 107 |
Securities available-for-sale gross unrealized losses one year or less | $ 0 | $ (534) |
Securities available-for-sale aggregate fair value of investment one year or less | $ 0 | $ 4,547 |
Number of Securities available for sale greater than one year | security | 151 | 55 |
Securities available-for-sale gross unrealized losses greater than one year | $ (887) | $ (809) |
Securities available-for-sale aggregate fair value of investment greater than one year | $ 7,765 | $ 4,856 |
Asset-backed securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Number of securities available for sale in one year or less | security | 0 | 3 |
Securities available-for-sale gross unrealized losses one year or less | $ 0 | $ (1) |
Securities available-for-sale aggregate fair value of investment one year or less | $ 0 | $ 14 |
Number of Securities available for sale greater than one year | security | 6 | 3 |
Securities available-for-sale gross unrealized losses greater than one year | $ (12) | $ (12) |
Securities available-for-sale aggregate fair value of investment greater than one year | $ 104 | $ 92 |
Foreign debt securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Number of securities available for sale in one year or less | security | 17 | 4 |
Securities available-for-sale gross unrealized losses one year or less | $ (1) | $ (1) |
Securities available-for-sale aggregate fair value of investment one year or less | $ 1,801 | $ 337 |
Number of Securities available for sale greater than one year | security | 4 | 3 |
Securities available-for-sale gross unrealized losses greater than one year | $ (2) | $ (8) |
Securities available-for-sale aggregate fair value of investment greater than one year | $ 183 | $ 286 |
Securities - Realized Gains and Losses on Investment Securities Transactions Attributable to Available-for-sale Securities (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Investments, Debt and Equity Securities [Abstract] | |||
Gross realized gains | $ 3 | $ 32 | $ 159 |
Gross realized losses | (246) | (6) | (86) |
Net realized gains (losses) | $ (243) | $ 26 | $ 73 |
Securities - Distribution of Maturities of Debt Securities with Approximate Yield of Portfolio (Detail) $ in Millions |
Dec. 31, 2023
USD ($)
|
---|---|
Debt Securities, Available-for-sale [Line Items] | |
Available-for-sale amount within one year | $ 2,137 |
Available-for-sale yield within one year (percent) | 0.35% |
Available-for-sale amount after one but within five years | $ 6,227 |
Available-for-sale yield after one but within five years (percent) | 2.31% |
Available-for-sale amount after five but within ten years | $ 2,044 |
Available-for-sale yield after five but within ten years (percent) | 2.03% |
Available-for-sale amount after ten years | $ 17,572 |
Available-for-sale yield after ten years (percent) | 2.56% |
Total fair value within one year | $ 2,113 |
Total fair value after one but within five years | 6,121 |
Total fair value after five but within ten years | 1,940 |
Total fair value after ten years | 15,522 |
Held-to-maturity amount within one year | $ 87 |
Held-to-maturity yield within one year (percent) | 2.35% |
Held-to-maturity amount after one but within five years | $ 1,179 |
Held-to-maturity yield after one but within five years (percent) | 3.74% |
Held-to-maturity after five but within ten years | $ 1,621 |
Held-to-maturity yield after five but within ten years (percent) | 3.58% |
Held-to-maturity after ten years | $ 12,189 |
Held-to-maturity yield after ten years (percent) | 4.41% |
Total fair value within one year | $ 85 |
Total fair value after one but within five years | 1,170 |
Total fair value after five but within ten years | 1,563 |
Total fair value after ten years | 11,871 |
U.S. Treasury | |
Debt Securities, Available-for-sale [Line Items] | |
Available-for-sale amount within one year | $ 0 |
Available-for-sale yield within one year (percent) | 0.00% |
Available-for-sale amount after one but within five years | $ 3,910 |
Available-for-sale yield after one but within five years (percent) | 1.61% |
Available-for-sale amount after five but within ten years | $ 632 |
Available-for-sale yield after five but within ten years (percent) | 1.51% |
Available-for-sale amount after ten years | $ 2,947 |
Available-for-sale yield after ten years (percent) | 2.70% |
Held-to-maturity amount within one year | $ 0 |
Held-to-maturity yield within one year (percent) | 0.00% |
Held-to-maturity amount after one but within five years | $ 1,095 |
Held-to-maturity yield after one but within five years (percent) | 3.75% |
Held-to-maturity after five but within ten years | $ 822 |
Held-to-maturity yield after five but within ten years (percent) | 3.71% |
Held-to-maturity after ten years | $ 0 |
Held-to-maturity yield after ten years (percent) | 0.00% |
U.S. Government sponsored enterprises | |
Debt Securities, Available-for-sale [Line Items] | |
Available-for-sale amount within one year | $ 803 |
Available-for-sale yield within one year (percent) | 0.98% |
Available-for-sale amount after one but within five years | $ 1,055 |
Available-for-sale yield after one but within five years (percent) | 2.56% |
Available-for-sale amount after five but within ten years | $ 1,362 |
Available-for-sale yield after five but within ten years (percent) | 2.20% |
Available-for-sale amount after ten years | $ 5,799 |
Available-for-sale yield after ten years (percent) | 1.84% |
Held-to-maturity amount within one year | $ 86 |
Held-to-maturity yield within one year (percent) | 2.31% |
Held-to-maturity amount after one but within five years | $ 81 |
Held-to-maturity yield after one but within five years (percent) | 3.64% |
Held-to-maturity after five but within ten years | $ 786 |
Held-to-maturity yield after five but within ten years (percent) | 3.41% |
Held-to-maturity after ten years | $ 413 |
Held-to-maturity yield after ten years (percent) | 2.91% |
U.S. Government agency issued or guaranteed | |
Debt Securities, Available-for-sale [Line Items] | |
Available-for-sale amount within one year | $ 0 |
Available-for-sale yield within one year (percent) | 0.00% |
Available-for-sale amount after one but within five years | $ 69 |
Available-for-sale yield after one but within five years (percent) | 3.16% |
Available-for-sale amount after five but within ten years | $ 2 |
Available-for-sale yield after five but within ten years (percent) | 5.97% |
Available-for-sale amount after ten years | $ 8,813 |
Available-for-sale yield after ten years (percent) | 2.98% |
Held-to-maturity amount within one year | $ 0 |
Held-to-maturity yield within one year (percent) | 0.00% |
Held-to-maturity amount after one but within five years | $ 0 |
Held-to-maturity yield after one but within five years (percent) | 0.00% |
Held-to-maturity after five but within ten years | $ 12 |
Held-to-maturity yield after five but within ten years (percent) | 5.75% |
Held-to-maturity after ten years | $ 11,776 |
Held-to-maturity yield after ten years (percent) | 4.46% |
Obligations of U.S. states and political subdivisions | |
Debt Securities, Available-for-sale [Line Items] | |
Held-to-maturity amount within one year | $ 1 |
Held-to-maturity yield within one year (percent) | 5.14% |
Held-to-maturity amount after one but within five years | $ 3 |
Held-to-maturity yield after one but within five years (percent) | 2.73% |
Held-to-maturity after five but within ten years | $ 0 |
Held-to-maturity yield after five but within ten years (percent) | 0.00% |
Held-to-maturity after ten years | $ 0 |
Held-to-maturity yield after ten years (percent) | 0.00% |
Asset-backed securities | |
Debt Securities, Available-for-sale [Line Items] | |
Available-for-sale amount within one year | $ 0 |
Available-for-sale yield within one year (percent) | 0.00% |
Available-for-sale amount after one but within five years | $ 55 |
Available-for-sale yield after one but within five years (percent) | 4.38% |
Available-for-sale amount after five but within ten years | $ 48 |
Available-for-sale yield after five but within ten years (percent) | 3.90% |
Available-for-sale amount after ten years | $ 13 |
Available-for-sale yield after ten years (percent) | 5.64% |
Held-to-maturity amount within one year | $ 0 |
Held-to-maturity yield within one year (percent) | 0.00% |
Held-to-maturity amount after one but within five years | $ 0 |
Held-to-maturity yield after one but within five years (percent) | 0.00% |
Held-to-maturity after five but within ten years | $ 1 |
Held-to-maturity yield after five but within ten years (percent) | 4.44% |
Held-to-maturity after ten years | $ 0 |
Held-to-maturity yield after ten years (percent) | 0.00% |
Foreign debt securities | |
Debt Securities, Available-for-sale [Line Items] | |
Available-for-sale amount within one year | $ 1,334 |
Available-for-sale yield within one year (percent) | (0.03%) |
Available-for-sale amount after one but within five years | $ 1,138 |
Available-for-sale yield after one but within five years (percent) | 4.34% |
Available-for-sale amount after five but within ten years | $ 0 |
Available-for-sale yield after five but within ten years (percent) | 0.00% |
Available-for-sale amount after ten years | $ 0 |
Available-for-sale yield after ten years (percent) | 0.00% |
Securities - Equity securities that are not classified as trading (Details) - Other assets - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Debt Securities, Available-for-sale [Line Items] | ||
Equity securities carried at fair value | $ 270 | $ 267 |
Equity securities without readily determinable fair values | $ 13 | $ 15 |
Loans - Components of Loans (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 39,957 | 41,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 7,087 | 7,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 15,724 | 16,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 10,725 | 10,578 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 6,421 | 7,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 19,030 | 17,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 18,341 | 16,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 389 | 370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 101 | 142 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Student loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, designated under fair value option | 15 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Affiliates | Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 2,618 | 3,557 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | $ 3,803 | $ 3,644 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Narrative (Detail) - USD ($) $ in Millions |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans outstanding to executive officers and director as a percent of shareholders equity, maximum | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net deferred origination costs (fees) | $ 17 | $ 14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net unamortized premium (discount) | (13) | (10) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income that was recorded on nonaccrual loans and included in interest income during the period | 5 | 10 | $ 34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | [1] | 58,987 | 59,380 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest only residential mortgage loans | 4,392 | 4,063 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 309 | 143 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 19,030 | $ 17,563 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted average rate of reduction | 0.25% | 2.08% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans which were classified as TDR loans during previous 12 months which became contractually delinquent | $ 0 | $ 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Threshold period for troubled debt restructuring status | 60 days | 60 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | 90+ Days | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans modified, subsequently default | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 99 | $ 111 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateral-dependent loans | 278 | 249 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 18,341 | 16,838 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans which were classified as TDR loans during previous 12 months which became contractually delinquent | 0 | $ 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | 90+ Days | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 91 | 105 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateral-dependent loans | 618 | 130 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional commitments for loans modified | 85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 39,957 | 41,817 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans which were classified as TDR loans during previous 12 months which became contractually delinquent | $ 0 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Threshold period for troubled debt restructuring status | 90 days | 90 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | 90+ Days | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans modified, subsequently default | 166 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | $ 210 | $ 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Summary of Past Due Status of Loans (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 39,957 | 41,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 7,087 | 7,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 15,724 | 16,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 10,725 | 10,578 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 6,421 | 7,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 19,030 | 17,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 18,341 | 16,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 389 | 370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 101 | 142 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 852 | 833 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 561 | 536 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 206 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 4 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 1 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 350 | 464 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 291 | 297 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 265 | 285 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 15 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 6 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 5 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 543 | 690 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 351 | 504 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 1 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 350 | 464 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 192 | 186 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 174 | 180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 12 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 3 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 - 89 Days | Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 3 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 309 | 143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 210 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 206 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 3 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 1 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 99 | 111 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 91 | 105 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 3 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90+ Days | Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 2 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 58,135 | 58,547 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 39,396 | 41,281 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 6,881 | 7,935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 15,720 | 16,039 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 10,724 | 10,570 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 6,071 | 6,737 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 18,739 | 17,266 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 18,076 | 16,553 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 374 | 365 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 193 | 209 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Past Due [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | $ 96 | $ 139 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Contractual Maturities (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | $ 16,532 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 23,328 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 1,437 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 17,690 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | [1] | 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39,957 | 41,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 19,030 | 17,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate, including construction | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 2,883 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 4,040 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 164 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 7,087 | 7,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and corporate banking | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 6,398 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 8,963 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 363 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 15,724 | 16,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 4,364 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 6,113 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 248 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 10,725 | 10,578 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 2,612 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 3,661 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6,421 | 7,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 474 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 17,681 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 18,341 | 16,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity mortgages | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 145 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 196 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 389 | 370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 199 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 - 2028 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2029 - 2038 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ 101 | $ 142 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Contractual Maturity of Loans Outstanding by Repricing Characteristic (Details) $ in Millions |
Dec. 31, 2023
USD ($)
|
---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | $ 6,279 |
Receivables at Floating or Adjustable Rates | 36,176 |
Total Loans Due After One Year | 42,455 |
Real estate, including construction | Commercial loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 141 |
Receivables at Floating or Adjustable Rates | 4,063 |
Total Loans Due After One Year | 4,204 |
Business and corporate banking | Commercial loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 312 |
Receivables at Floating or Adjustable Rates | 9,014 |
Total Loans Due After One Year | 9,326 |
Global banking | Commercial loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 213 |
Receivables at Floating or Adjustable Rates | 6,148 |
Total Loans Due After One Year | 6,361 |
Other commercial | Commercial loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 128 |
Receivables at Floating or Adjustable Rates | 3,681 |
Total Loans Due After One Year | 3,809 |
Residential mortgages | Consumer loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 5,471 |
Receivables at Floating or Adjustable Rates | 12,813 |
Total Loans Due After One Year | 18,284 |
Home equity mortgages | Consumer loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 14 |
Receivables at Floating or Adjustable Rates | 230 |
Total Loans Due After One Year | 244 |
Credit cards | Consumer loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 0 |
Receivables at Floating or Adjustable Rates | 199 |
Total Loans Due After One Year | 199 |
Other consumer | Consumer loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables at Predetermined Interest Rates | 0 |
Receivables at Floating or Adjustable Rates | 28 |
Total Loans Due After One Year | $ 28 |
Loans - Summary of Nonaccrual Loans and Accruing Receivables 90 Days or More Delinquent (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | $ 602 | $ 435 |
Accruing Loans Contractually Past Due 90 Days or More | 6 | 4 |
Nonaccrual Loans With No Allowance For Credit Losses | 205 | 229 |
Residential mortgage loans carried at lower of cost or fair value of the collateral less cost to sell | 108 | 109 |
Commercial loans | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 424 | 215 |
Accruing Loans Contractually Past Due 90 Days or More | 1 | 1 |
Nonaccrual Loans With No Allowance For Credit Losses | 119 | 145 |
Commercial loans | Real estate, including construction | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 229 | 45 |
Accruing Loans Contractually Past Due 90 Days or More | 0 | 0 |
Nonaccrual Loans With No Allowance For Credit Losses | 40 | 43 |
Commercial loans | Business and corporate banking | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 143 | 116 |
Accruing Loans Contractually Past Due 90 Days or More | 1 | 1 |
Nonaccrual Loans With No Allowance For Credit Losses | 29 | 62 |
Commercial loans | Global banking | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 49 | 54 |
Accruing Loans Contractually Past Due 90 Days or More | 0 | 0 |
Nonaccrual Loans With No Allowance For Credit Losses | 48 | 40 |
Commercial loans | Other commercial | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 3 | |
Accruing Loans Contractually Past Due 90 Days or More | 0 | |
Nonaccrual Loans With No Allowance For Credit Losses | 2 | |
Consumer loans | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 178 | 220 |
Accruing Loans Contractually Past Due 90 Days or More | 5 | 3 |
Nonaccrual Loans With No Allowance For Credit Losses | 86 | 84 |
Consumer loans | Residential mortgages | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 172 | 213 |
Accruing Loans Contractually Past Due 90 Days or More | 0 | 0 |
Nonaccrual Loans With No Allowance For Credit Losses | 81 | 79 |
Consumer loans | Home equity mortgages | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 6 | 7 |
Accruing Loans Contractually Past Due 90 Days or More | 0 | 0 |
Nonaccrual Loans With No Allowance For Credit Losses | 5 | 5 |
Consumer loans | Credit cards | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 0 | 0 |
Accruing Loans Contractually Past Due 90 Days or More | 3 | 2 |
Nonaccrual Loans With No Allowance For Credit Losses | 0 | 0 |
Consumer loans | Other consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans | 0 | 0 |
Accruing Loans Contractually Past Due 90 Days or More | 2 | 1 |
Nonaccrual Loans With No Allowance For Credit Losses | $ 0 | $ 0 |
Loans - Loan Payment Modifications by Type of Modification (Details) $ in Millions |
12 Months Ended |
---|---|
Dec. 31, 2023
USD ($)
| |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 628 |
% of Total Loans | 1.10% |
Commercial loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 616 |
% of Total Loans | 1.50% |
Commercial loans | Real estate, including construction | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 168 |
% of Total Loans | 2.40% |
Commercial loans | Business and corporate banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 398 |
% of Total Loans | 2.50% |
Loan with payment modification subsequently charged-off | $ 32 |
Commercial loans | Global banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 50 |
% of Total Loans | 0.50% |
Consumer loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 12 |
% of Total Loans | 0.10% |
Consumer loans | Residential mortgages | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 12 |
% of Total Loans | 0.10% |
Interest Rate Reduction | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 21 |
Interest Rate Reduction | Commercial loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 21 |
Interest Rate Reduction | Commercial loans | Real estate, including construction | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Interest Rate Reduction | Commercial loans | Business and corporate banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Interest Rate Reduction | Commercial loans | Global banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 21 |
Interest Rate Reduction | Consumer loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Interest Rate Reduction | Consumer loans | Residential mortgages | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Principal Forgiveness | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Principal Forgiveness | Commercial loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Principal Forgiveness | Commercial loans | Real estate, including construction | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Principal Forgiveness | Commercial loans | Business and corporate banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Principal Forgiveness | Commercial loans | Global banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Principal Forgiveness | Consumer loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Principal Forgiveness | Consumer loans | Residential mortgages | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Term Extension / Significant Payment Deferral | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 418 |
Term Extension / Significant Payment Deferral | Commercial loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 408 |
Term Extension / Significant Payment Deferral | Commercial loans | Real estate, including construction | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 168 |
Term Extension / Significant Payment Deferral | Commercial loans | Business and corporate banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 211 |
Term Extension / Significant Payment Deferral | Commercial loans | Global banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 29 |
Term Extension / Significant Payment Deferral | Consumer loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 10 |
Term Extension / Significant Payment Deferral | Consumer loans | Residential mortgages | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 10 |
Combination | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 189 |
Combination | Commercial loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 187 |
Combination | Commercial loans | Real estate, including construction | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Combination | Commercial loans | Business and corporate banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 187 |
Combination | Commercial loans | Global banking | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 0 |
Combination | Consumer loans | |
Financing Receivable, Modified [Line Items] | |
Loans modified | 2 |
Combination | Consumer loans | Residential mortgages | |
Financing Receivable, Modified [Line Items] | |
Loans modified | $ 2 |
Loans - Summary of the Financial Effect of Loan Payment Modifications (Details) $ in Millions |
12 Months Ended |
---|---|
Dec. 31, 2023
USD ($)
| |
Commercial loans | Real estate, including construction | |
Financing Receivable, Modified [Line Items] | |
Weighted-Average Interest Rate Reduction | 0.00% |
Weighted-Average Term Extension / Payment Deferral (in years) | 3 months 18 days |
Commercial loans | Real estate, including construction | Principal Forgiven | |
Financing Receivable, Modified [Line Items] | |
Principal Forgiven (in millions) | $ 0 |
Commercial loans | Business and corporate banking | |
Financing Receivable, Modified [Line Items] | |
Weighted-Average Interest Rate Reduction | 0.50% |
Weighted-Average Term Extension / Payment Deferral (in years) | 1 year 6 months |
Commercial loans | Business and corporate banking | Principal Forgiven | |
Financing Receivable, Modified [Line Items] | |
Principal Forgiven (in millions) | $ 2 |
Commercial loans | Global banking | |
Financing Receivable, Modified [Line Items] | |
Weighted-Average Interest Rate Reduction | 0.00% |
Weighted-Average Term Extension / Payment Deferral (in years) | 1 year 7 months 6 days |
Commercial loans | Global banking | Principal Forgiven | |
Financing Receivable, Modified [Line Items] | |
Principal Forgiven (in millions) | $ 0 |
Consumer loans | Residential mortgages | |
Financing Receivable, Modified [Line Items] | |
Weighted-Average Interest Rate Reduction | 3.90% |
Weighted-Average Term Extension / Payment Deferral (in years) | 1 year 8 months 12 days |
Consumer loans | Residential mortgages | Principal Forgiven | |
Financing Receivable, Modified [Line Items] | |
Principal Forgiven (in millions) | $ 0 |
Loans - Summary of Subsequently Delinquent Loans With Payment Modifications (Details) - 90+ Days - Commercial loans $ in Millions |
12 Months Ended |
---|---|
Dec. 31, 2023
USD ($)
| |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | $ 166 |
Interest Rate Reduction | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 0 |
Principal Forgiveness | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 0 |
Term Extension / Significant Payment Deferral | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 166 |
Combination | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 0 |
Real estate, including construction | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 166 |
Real estate, including construction | Interest Rate Reduction | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 0 |
Real estate, including construction | Principal Forgiveness | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 0 |
Real estate, including construction | Term Extension / Significant Payment Deferral | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | 166 |
Real estate, including construction | Combination | |
Financing Receivable, Modified [Line Items] | |
Loans modified, subsequently default | $ 0 |
Loans - Summary of Past Due Status of Loans With Payment Modifications (Details) $ in Millions |
12 Months Ended |
---|---|
Dec. 31, 2023
USD ($)
| |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | $ 628 |
30 - 89 Days | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
90+ Days | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 166 |
Current | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 462 |
Commercial loans | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 616 |
Commercial loans | Real estate, including construction | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 168 |
Commercial loans | Business and corporate banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 398 |
Loan with payment modification subsequently charged-off | 32 |
Commercial loans | Global banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 50 |
Commercial loans | 30 - 89 Days | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Commercial loans | 30 - 89 Days | Real estate, including construction | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Commercial loans | 30 - 89 Days | Business and corporate banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Commercial loans | 30 - 89 Days | Global banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Commercial loans | 90+ Days | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 166 |
Commercial loans | 90+ Days | Real estate, including construction | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 166 |
Commercial loans | 90+ Days | Business and corporate banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Commercial loans | 90+ Days | Global banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Commercial loans | Current | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 450 |
Commercial loans | Current | Real estate, including construction | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 2 |
Commercial loans | Current | Business and corporate banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 398 |
Commercial loans | Current | Global banking | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 50 |
Consumer loans | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 12 |
Consumer loans | Residential mortgages | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 12 |
Consumer loans | 30 - 89 Days | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Consumer loans | 30 - 89 Days | Residential mortgages | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Consumer loans | 90+ Days | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Consumer loans | 90+ Days | Residential mortgages | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 0 |
Consumer loans | Current | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | 12 |
Consumer loans | Current | Residential mortgages | |
Financing Receivable, Past Due [Line Items] | |
Modified loans, past due | $ 12 |
Loans - Summary of TDRs (Detail) $ in Millions |
Dec. 31, 2022
USD ($)
|
---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | $ 538 |
Residential mortgage loan TDR carried at lower of amortized cost or fair value less cost to sell | 99 |
Non Accrual loans included in TDR loan | 122 |
Commercial loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | 388 |
Additional commitments to lend to commercial borrowers with modified TDRs | 38 |
Commercial loans | Business and corporate banking | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | 382 |
Commercial loans | Global banking | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | 6 |
Consumer loans | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | 150 |
Consumer loans | Residential mortgages | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | 136 |
Consumer loans | Home equity mortgages | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | 12 |
Consumer loans | Credit cards | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
TDR Loans | $ 2 |
Loans - Summary of Receivables which were Modified and as Result Became Classified as TDR Loans (Detail) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | $ 468 | $ 65 |
Commercial loans | ||
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | 442 | 26 |
Commercial loans | Business and corporate banking | ||
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | 439 | 11 |
Commercial loans | Global banking | ||
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | 3 | 15 |
Consumer loans | ||
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | 26 | 39 |
Consumer loans | Residential mortgages | ||
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | 20 | 36 |
Consumer loans | Home equity mortgages | ||
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | 2 | 1 |
Consumer loans | Credit cards | ||
Financing Receivable, Impaired [Line Items] | ||
Loans which were modified and as a result became classified as TDR Loans | $ 4 | $ 2 |
Loans - Loans Classified as TDR Loans (Detail) - Consumer loans - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Financing Receivable, Modified [Line Items] | ||
Loans which were classified as TDR loans during previous 12 months which became contractually delinquent | $ 0 | $ 5 |
Residential mortgages | ||
Financing Receivable, Modified [Line Items] | ||
Loans which were classified as TDR loans during previous 12 months which became contractually delinquent | $ 0 | $ 5 |
Loans - Summary of Criticized Assets for Commercial Loans (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 4,656 | 4,748 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 3,868 | 2,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 3,250 | 1,814 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 1,388 | 3,109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 2,354 | 2,311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 11,069 | 11,997 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 13,054 | 15,143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 318 | 210 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39,957 | 41,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 920 | 1,315 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,286 | 854 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,019 | 520 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 355 | 1,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,054 | 1,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2,409 | 1,712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 41 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 7,087 | 7,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 1,270 | 1,116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,148 | 828 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,074 | 475 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 231 | 815 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 561 | 308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,253 | 5,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 6,922 | 7,307 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 265 | 207 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 15,724 | 16,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,255 | 2,034 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,153 | 449 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 844 | 212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 151 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 321 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 3,600 | 4,152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 2,351 | 3,440 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 50 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 10,725 | 10,578 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 211 | 283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 281 | 354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 313 | 607 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 651 | 403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 418 | 86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 807 | 1,114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3,740 | 4,354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6,421 | 7,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Criticized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 115 | 472 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 366 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 48 | 121 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 136 | 294 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 126 | 763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 1,479 | 1,174 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 1,273 | 1,233 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 12 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 3,555 | 4,108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Criticized | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2 | 205 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 40 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 105 | 276 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 92 | 704 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 1,029 | 910 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 21 | 82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1,292 | 2,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Criticized | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 69 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 125 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 48 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 31 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 20 | 59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 291 | 254 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 1,113 | 754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 9 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1,706 | 1,172 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Criticized | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 201 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 14 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 159 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 136 | 383 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 510 | 641 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Criticized | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 44 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 47 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Special mention | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 44 | 205 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 143 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 12 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 108 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 112 | 61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 213 | 143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 361 | 427 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 11 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1,004 | 1,090 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Special mention | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 204 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 40 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 104 | 212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 92 | 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 42 | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 284 | 550 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Special mention | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 38 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 103 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 12 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 4 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 20 | 34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 126 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 296 | 182 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 8 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 607 | 350 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Special mention | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 45 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 62 | 182 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 107 | 190 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Special mention | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Substandard | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 71 | 236 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 36 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 28 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 687 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 1,091 | 1,031 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 819 | 760 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 2,046 | 2,913 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Substandard | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 1 | 64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 677 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 821 | 891 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 824 | 1,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Substandard | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 31 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 22 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 27 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 156 | 138 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 746 | 548 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 983 | 770 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Substandard | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 14 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 114 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 73 | 186 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 201 | 436 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Substandard | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 38 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 38 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Doubtful | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 187 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 36 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 14 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 175 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 93 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 505 | 105 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Doubtful | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 166 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 184 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Doubtful | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 36 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 9 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 71 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 116 | 52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Doubtful | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 187 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 14 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 1 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 202 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Doubtful | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ 3 | $ 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Status of Loan Portfolios (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 4,656 | 4,748 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 3,868 | 2,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 3,250 | 1,814 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 1,388 | 3,109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 2,354 | 2,311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 11,069 | 11,997 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 13,054 | 15,143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 318 | 210 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39,957 | 41,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 920 | 1,315 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,286 | 854 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,019 | 520 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 355 | 1,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,054 | 1,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2,409 | 1,712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 41 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 7,087 | 7,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 1,270 | 1,116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,148 | 828 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,074 | 475 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 231 | 815 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 561 | 308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,253 | 5,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 6,922 | 7,307 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 265 | 207 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 15,724 | 16,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,255 | 2,034 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,153 | 449 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 844 | 212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 151 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 321 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 3,600 | 4,152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 2,351 | 3,440 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 50 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 10,725 | 10,578 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 211 | 283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 281 | 354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 313 | 607 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 651 | 403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 418 | 86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 807 | 1,114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3,740 | 4,354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6,421 | 7,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Performing loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 4,656 | 4,731 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 3,833 | 2,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 3,250 | 1,782 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 1,388 | 3,066 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 2,314 | 2,295 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 10,822 | 11,941 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 12,951 | 15,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 318 | 206 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39,532 | 41,601 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Performing loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 920 | 1,315 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,286 | 854 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,019 | 520 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 355 | 1,671 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,014 | 1,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2,242 | 1,710 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 19 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6,858 | 7,918 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Performing loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 1,270 | 1,107 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,113 | 828 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,074 | 443 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 231 | 815 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 561 | 292 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,215 | 4,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 6,851 | 7,275 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 265 | 203 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 15,580 | 15,958 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Performing loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,255 | 2,026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,153 | 449 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 844 | 212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 151 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 321 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 3,561 | 4,122 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 2,341 | 3,424 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 50 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 10,676 | 10,524 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Performing loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 211 | 283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 281 | 354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 313 | 607 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 651 | 403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 418 | 86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 804 | 1,114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3,740 | 4,354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6,418 | 7,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Nonaccrual loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 35 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 40 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 247 | 56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 102 | 47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 424 | 215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Nonaccrual loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 40 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 167 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 22 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 229 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Nonaccrual loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 35 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 38 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 70 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 143 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Nonaccrual loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 39 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 10 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 49 | 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Nonaccrual loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Accruing loans contractually past due 90 days or more | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Accruing loans contractually past due 90 days or more | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,726 | 2,975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,841 | 4,302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,125 | 2,982 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,799 | 1,361 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,272 | 764 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 5,061 | 4,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 206 | 225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 19,030 | 17,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,646 | 2,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,764 | 4,280 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,107 | 2,949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,770 | 1,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,244 | 751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,810 | 4,648 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 18,341 | 16,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 80 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 69 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 11 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 22 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 25 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 182 | 215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 389 | 370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 8 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 7 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 7 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 3 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 69 | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 7 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 101 | 142 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Performing loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,726 | 2,973 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,830 | 4,294 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,114 | 2,969 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,790 | 1,338 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,264 | 742 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,920 | 4,802 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 203 | 222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 18,847 | 17,340 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Performing loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,646 | 2,885 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,753 | 4,272 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,096 | 2,936 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,761 | 1,300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,236 | 729 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,677 | 4,503 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 18,169 | 16,625 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Performing loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 80 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 69 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 11 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 22 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 25 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 176 | 208 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 383 | 363 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Performing loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 196 | 211 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 196 | 211 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Performing loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 8 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 7 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 7 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 3 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 67 | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 7 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 99 | 141 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Nonaccrual loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 11 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 11 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 9 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 8 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 139 | 152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 178 | 220 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Nonaccrual loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 11 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 11 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 9 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 8 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 133 | 145 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 172 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Nonaccrual loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 6 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Accruing loans contractually past due 90 days or more | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 5 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Accruing loans contractually past due 90 days or more | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 3 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Accruing loans contractually past due 90 days or more | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ 2 | $ 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Credit Risk Profile of Commercial Loans (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 4,656 | 4,748 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 3,868 | 2,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 3,250 | 1,814 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 1,388 | 3,109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 2,354 | 2,311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 11,069 | 11,997 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 13,054 | 15,143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 318 | 210 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39,957 | 41,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 920 | 1,315 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,286 | 854 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,019 | 520 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 355 | 1,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,054 | 1,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2,409 | 1,712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 41 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 7,087 | 7,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 1,270 | 1,116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,148 | 828 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,074 | 475 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 231 | 815 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 561 | 308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,253 | 5,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 6,922 | 7,307 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 265 | 207 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 15,724 | 16,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,255 | 2,034 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,153 | 449 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 844 | 212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 151 | 177 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 321 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 3,600 | 4,152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 2,351 | 3,440 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 50 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 10,725 | 10,578 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 211 | 283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 281 | 354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 313 | 607 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 651 | 403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 418 | 86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 807 | 1,114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3,740 | 4,354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6,421 | 7,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Investment grade | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 3,217 | 2,652 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,705 | 1,055 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,261 | 1,157 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 807 | 849 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,028 | 1,012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 6,322 | 6,882 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 8,595 | 10,773 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 54 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 22,989 | 24,401 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Investment grade | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 327 | 80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 100 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 24 | 305 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 187 | 178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 162 | 783 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 939 | 278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 1 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1,740 | 1,669 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Investment grade | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 732 | 491 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 304 | 484 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 543 | 122 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 95 | 444 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 261 | 71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 1,977 | 2,758 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3,311 | 3,657 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 54 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 7,277 | 8,048 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Investment grade | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 1,947 | 1,814 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,109 | 449 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 651 | 212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 149 | 146 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 307 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2,842 | 2,911 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 2,140 | 3,006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 9,145 | 8,622 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Investment grade | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 211 | 267 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 192 | 77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 43 | 518 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 376 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 298 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 564 | 935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3,143 | 4,110 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 4,827 | 6,062 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Non-investment grade | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 1,439 | 2,096 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,163 | 1,430 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,989 | 657 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 581 | 2,260 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,326 | 1,299 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,747 | 5,115 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 4,459 | 4,370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 264 | 189 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 16,968 | 17,416 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Non-investment grade | Real estate, including construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 593 | 1,235 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,186 | 809 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 995 | 215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 168 | 1,536 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 892 | 1,020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 1,470 | 1,434 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 40 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 5,347 | 6,294 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Non-investment grade | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 538 | 625 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 844 | 344 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 531 | 353 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 136 | 371 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 300 | 237 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2,276 | 2,261 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 3,611 | 3,650 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 211 | 186 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 8,447 | 8,027 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Non-investment grade | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 308 | 220 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 44 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 193 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 14 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 758 | 1,241 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 211 | 434 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 50 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1,580 | 1,956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Non-investment grade | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 89 | 277 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 270 | 89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 275 | 322 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 120 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 243 | 179 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 597 | 244 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ 1,594 | $ 1,139 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Disaggregation of Criticized Loans by Year of Origination (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 4,656 | 4,748 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 3,868 | 2,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 3,250 | 1,814 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 1,388 | 3,109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 2,354 | 2,311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 11,069 | 11,997 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 13,054 | 15,143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 318 | 210 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 39,957 | 41,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 1,270 | 1,116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 1,148 | 828 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 1,074 | 475 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 231 | 815 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 561 | 308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,253 | 5,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 6,922 | 7,307 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans Converted to Term Loans | 265 | 207 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 15,724 | 16,075 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,726 | 2,975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,841 | 4,302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,125 | 2,982 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,799 | 1,361 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,272 | 764 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 5,061 | 4,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 206 | 225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 19,030 | 17,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,646 | 2,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,764 | 4,280 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,107 | 2,949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,770 | 1,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,244 | 751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,810 | 4,648 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 18,341 | 16,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 80 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 69 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 11 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 22 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 25 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 182 | 215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 389 | 370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | $ 199 | $ 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans - Gross Charge-Offs (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Total | $ 62 | $ 26 | $ 165 |
Commercial loans | |||
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Current year | 0 | ||
One year prior to current year | 0 | ||
Two years prior to current year | 17 | ||
Three years prior to current year | 0 | ||
Four years prior to current year | 0 | ||
Prior | 11 | ||
Revolving loans | 20 | ||
Revolving Loans Converted to Term Loans | 0 | ||
Total | 48 | ||
Commercial loans | Business and corporate banking | |||
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Current year | 0 | ||
One year prior to current year | 0 | ||
Two years prior to current year | 17 | ||
Three years prior to current year | 0 | ||
Four years prior to current year | 0 | ||
Prior | 11 | ||
Revolving loans | 20 | ||
Revolving Loans Converted to Term Loans | 0 | ||
Total | 48 | 9 | 29 |
Consumer loans | |||
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Current year | 0 | ||
One year prior to current year | 0 | ||
Two years prior to current year | 0 | ||
Three years prior to current year | 0 | ||
Four years prior to current year | 0 | ||
Prior | 6 | ||
Revolving loans | 8 | ||
Total | 14 | ||
Consumer loans | Residential mortgages | |||
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Current year | 0 | ||
One year prior to current year | 0 | ||
Two years prior to current year | 0 | ||
Three years prior to current year | 0 | ||
Four years prior to current year | 0 | ||
Prior | 4 | ||
Revolving loans | 0 | ||
Total | 4 | ||
Consumer loans | Home equity mortgages | |||
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Current year | 0 | ||
One year prior to current year | 0 | ||
Two years prior to current year | 0 | ||
Three years prior to current year | 0 | ||
Four years prior to current year | 0 | ||
Prior | 1 | ||
Revolving loans | 0 | ||
Total | 1 | 1 | 5 |
Consumer loans | Credit cards | |||
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Current year | 0 | ||
One year prior to current year | 0 | ||
Two years prior to current year | 0 | ||
Three years prior to current year | 0 | ||
Four years prior to current year | 0 | ||
Prior | 0 | ||
Revolving loans | 8 | ||
Total | 8 | 1 | 89 |
Consumer loans | Other consumer | |||
Financing Receivable, Credit Quality Indicator [Line Items] | |||
Current year | 0 | ||
One year prior to current year | 0 | ||
Two years prior to current year | 0 | ||
Three years prior to current year | 0 | ||
Four years prior to current year | 0 | ||
Prior | 1 | ||
Revolving loans | 0 | ||
Total | $ 1 | $ 1 | $ 10 |
Loans - Delinquency Ratio for Consumer Loan (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans carried at lower of amortized cost or fair value of collateral less cost to sell | 61 | 60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,726 | 2,975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,841 | 4,302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,125 | 2,982 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,799 | 1,361 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,272 | 764 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 5,061 | 4,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 206 | 225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 19,030 | 17,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans in process of foreclosure | 21 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 2,646 | 2,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2,764 | 4,280 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 4,107 | 2,949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 2,770 | 1,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1,244 | 751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4,810 | 4,648 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 18,341 | 16,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 80 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 69 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 11 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 22 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 25 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 182 | 215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 389 | 370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 199 | 213 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 8 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 7 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 7 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 3 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 69 | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 7 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 101 | 142 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Summary of Two Months and Over Contractual Delinquency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 6 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 6 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 106 | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 4 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 125 | 150 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Summary of Two Months and Over Contractual Delinquency | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 2 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 6 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 6 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 1 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 100 | 97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 115 | 141 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Summary of Two Months and Over Contractual Delinquency | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 4 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 4 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Summary of Two Months and Over Contractual Delinquency | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 4 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 4 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Summary of Two Months and Over Contractual Delinquency | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One year prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Four years prior to current year | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prior | 2 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Loans | 0 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ 2 | $ 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Allowance for Credit Losses - Narrative (Details) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023
USD ($)
scenario
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
|
Credit Loss [Abstract] | |||
Number of updated forward-looking economic scenarios | scenario | 4 | ||
Charge-off of accrued interest receivables | $ | $ 14 | $ 3 | $ 5 |
Allowance for Credit Losses - Forecasted Economic Scenarios (Details) |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Forecast, Quarter ended June 30, 2024 | ||
Measurement of ECL Measurements [Line Items] | ||
Unemployment rate (quarterly average) (in percent) | 4.30% | 4.50% |
GDP growth rate (year-over-year) (in percent) | 1.20% | 1.40% |
Forecast, Quarter ended December 31, 2024 | ||
Measurement of ECL Measurements [Line Items] | ||
Unemployment rate (quarterly average) (in percent) | 4.30% | 4.40% |
GDP growth rate (year-over-year) (in percent) | 1.10% | 1.90% |
Allowance for Credit Losses - Allowance for Credit Losses and Liability for Off-balance Sheet Credit Exposures (Details) - USD ($) |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Credit Loss [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans | $ 591,000,000 | [1] | $ 584,000,000 | [1] | $ 447,000,000 | $ 1,015,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other financial assets measured at amortized cost | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities available-for-sale | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total allowance for credit losses | 591,000,000 | 584,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liability for off-balance sheet credit exposures | $ 111,000,000 | $ 117,000,000 | $ 103,000,000 | $ 237,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Allowance for Credit Losses - Summary of Changes in Allowance for Credit Losses and Related Loan Balance by Product (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2021 |
Sep. 30, 2021 |
Jun. 30, 2021 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | $ 584 | [1] | $ 447 | $ 1,015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | 51 | 143 | (437) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (62) | (26) | (165) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 18 | 20 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | (44) | (6) | (131) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | $ 447 | 591 | [1] | 584 | [1] | 447 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit loss increase (decrease) | 14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | $ 101 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfer to held-for-sale, allowance for credit loss | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (4) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (48) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Real Estate, including Construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 200 | 73 | 145 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | (56) | 129 | (72) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | 0 | (3) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 0 | 1 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | 0 | (2) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | 73 | 144 | 200 | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | $ 24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Business and corporate banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 230 | 243 | 375 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | 111 | (8) | (107) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (48) | (9) | (29) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 9 | 4 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | (39) | (5) | (25) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | 243 | 302 | 230 | 243 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 120 | 100 | 287 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | 7 | 29 | (174) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | 0 | (9) | (13) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | 0 | (9) | (13) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | 100 | 127 | 120 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Other commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 1 | 4 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | 0 | (3) | (3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | 4 | 1 | 1 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (14) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (56) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction to the provision for credit losses | $ 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential Mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 11 | 8 | (9) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | (19) | 0 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (4) | (2) | (19) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 3 | 5 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | (1) | 3 | (4) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | 8 | (9) | 11 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Home equity mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 2 | 5 | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | 4 | (6) | (18) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (1) | (1) | (5) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 2 | 4 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | 1 | 3 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | 5 | 7 | 2 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Credit cards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 16 | 14 | 161 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | 4 | (2) | (66) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (8) | (1) | (89) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 4 | 5 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | (4) | 4 | (81) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | 14 | 16 | 16 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - beginning of period | 4 | 0 | 27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision charged (credited) to income | 0 | 4 | (18) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (1) | (1) | (10) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 0 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net (charge-offs) recoveries | (1) | 0 | (9) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses - end of period | $ 0 | $ 3 | $ 4 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Allowance for Credit Losses - Change in Liability for Off-balance Sheet Credit Exposures (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Balance at beginning of period | $ 117 | $ 103 | $ 237 |
Provision charged (credited) to income | (6) | 14 | (134) |
Balance at end of period | $ 111 | $ 117 | $ 103 |
Allowance for Credit Losses - Accrued Interest Receivables (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Credit Loss [Abstract] | ||
Loans | $ 259 | $ 227 |
Securities held-to-maturity | 57 | 20 |
Other financial assets measured at amortized cost | 19 | 11 |
Securities available-for-sale | 87 | 82 |
Total accrued interest receivables | 422 | 340 |
Allowance for credit losses | 0 | 0 |
Accrued interest receivables, net | $ 422 | $ 340 |
Loans Held for Sale - Summary (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | [1] | $ 339 | $ 354 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 339 | 349 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Global banking | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 339 | 349 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 0 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Residential mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | $ 0 | $ 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans Held for Sale - Narrative (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Jun. 30, 2023 |
Mar. 31, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | [1] | $ 339 | $ 339 | $ 354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on sale of loans | (9) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue (losses) associated with the economic hedging program | 826 | (1,493) | $ 1,055 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans held-for-sale | 250 | 250 | 237 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 2,148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 339 | 339 | 349 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Valuation allowance | 2 | 2 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | $ 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 0 | 0 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Valuation allowance | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | 2,102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans | Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | 904 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on sale of loans | $ 10 | 35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate Loans Transferred From Portfolio Loans To Held For Sale | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans sold | 439 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Transferred From Portfolio Loans to Held For Sale | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 89 | 89 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages | Consumer loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | 0 | 0 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages | Consumer loans | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | 1,665 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages | Consumer loans | Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | 865 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity mortgages | Consumer loans | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | 185 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity mortgages | Consumer loans | Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | 39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Consumer loans | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | 168 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Consumer loans | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Retail Branches Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales of loans held for sale | $ 84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans held for sale | $ 339 | 339 | 349 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Global banking | Commercial loans | Restructuring Plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans sold | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on sale of loans | (21) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income (Loss) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue (losses) associated with the economic hedging program | 0 | 7 | (2) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income (Loss) | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lower of amortized cost or fair value (reversal) | 2 | 8 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income (Loss) | Consumer loans | Exit of Mass Market Retail Banking Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lower of amortized cost or fair value (reversal) | $ 11 | $ 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income (Loss) | Commercial Real Estate Loans Transferred From Portfolio Loans To Held For Sale | Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lower of amortized cost or fair value (reversal) | $ 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Properties and Equipment, Net - Summary of Property and Equipment Net (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment, gross | $ 334 | $ 350 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated depreciation and amortization | (263) | (282) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Properties and equipment, net | [1] | 71 | 68 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment, gross | 2 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Buildings and improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment, gross | 272 | 281 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Furniture and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment, gross | $ 60 | $ 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Properties and Equipment, Net - Narrative (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Property, Plant and Equipment [Abstract] | |||
Depreciation and amortization | $ 22 | $ 13 | $ 22 |
Goodwill (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | $ 458 | [1] | $ 458 | [1] | $ 458 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated impairment loss | $ 1,819 | $ 1,819 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Leases - Components of Operating Lease Costs (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Leases [Abstract] | |||
Operating lease cost | $ 42 | $ 49 | $ 87 |
Variable lease cost | 25 | 33 | 48 |
Sublease income | (33) | (39) | (43) |
Total operating lease costs, net | 34 | 43 | 92 |
Cash paid for amounts included in the measurement of operating lease liabilities | 71 | 79 | 129 |
ROU assets recognized for new operating lease liabilities | $ 337 | $ 2 | $ 0 |
Leases - Narrative (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2021 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Nov. 30, 2023 |
|
Lessee, Lease, Description [Line Items] | |||||
Impairment charges | $ 63 | ||||
Operating lease ROU assets | $ 495 | $ 139 | |||
Operating lease liabilities | 488 | $ 217 | |||
Operating leases, not yet commenced | $ 0 | ||||
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] | Other assets, net of allowance for credit losses of nil at both December 31, 2023 and 2022 (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | Other assets, net of allowance for credit losses of nil at both December 31, 2023 and 2022 (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | |||
66 Hudson Boulevard Lease | |||||
Lessee, Lease, Description [Line Items] | |||||
Lease term | 20 years | ||||
Operating lease ROU assets | $ 381 | ||||
Operating lease liabilities | $ 324 | ||||
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] | Other assets, net of allowance for credit losses of nil at both December 31, 2023 and 2022 (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | ||||
Lease Termination and Associated Costs | |||||
Lessee, Lease, Description [Line Items] | |||||
Impairment charges | $ 22 | ||||
Occupancy Expense, Net | Lease Termination and Associated Costs | 2020 - 2021 Restructuring Plan | |||||
Lessee, Lease, Description [Line Items] | |||||
Impairment charges | $ 29 | $ 10 | $ 40 |
Leases - Operating ROU Assets and Liabilities (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Leases [Abstract] | ||
Operating lease ROU assets | $ 495 | $ 139 |
Operating lease liabilities | $ 488 | $ 217 |
Weighted-average remaining lease term | 17 years 2 months 12 days | 8 years 1 month 6 days |
Weighted-average discount rate (percent) | 5.10% | 3.00% |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] | Other assets, net of allowance for credit losses of nil at both December 31, 2023 and 2022 (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | Other assets, net of allowance for credit losses of nil at both December 31, 2023 and 2022 (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) |
Operating Lease, Liability, Statement of Financial Position [Extensible List] | Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) |
Leases - Maturity Analysis of Operating Lease Liabilities (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Maturity of Operating Lease Liabilities | ||
2024 | $ 60 | |
2025 | 51 | |
2026 | 42 | |
2027 | 40 | |
2028 | 39 | |
Thereafter | 559 | |
Total future operating lease payments | 791 | |
Less - imputed interest | (303) | |
Total operating lease liabilities | $ 488 | $ 217 |
Deposits - Narrative (Details) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023
USD ($)
|
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
Nov. 30, 2023
quarterlyAssessmentPeriod
|
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Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | $ 121,283 | [1] | $ 121,283 | [1] | $ 123,223 | [1] | $ 143,032 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdraft deposits | 91 | 91 | 205 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FDIC assessment fees | 243 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of quarterly assessment periods | quarterlyAssessmentPeriod | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FDIC assessment fees | 322 | 54 | $ 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits, fair value | $ 1,821 | $ 1,821 | $ 1,554 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Deposits - Time Deposits (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Time Deposits, $250,000 or More | $ 16,870 | $ 13,300 |
Domestic Deposits | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Time Deposits, $250,000 or More | 16,504 | 12,877 |
Foreign Deposits | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Time Deposits, $250,000 or More | $ 366 | $ 423 |
Deposits - Maturity (Details) $ in Millions |
Dec. 31, 2023
USD ($)
|
---|---|
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |
2024 | $ 17,986 |
2025 | 599 |
2026 | 1,692 |
2027 | 220 |
2028 | 693 |
Thereafter | 14 |
Time Deposits | 21,204 |
Domestic Deposits | |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |
2024 | 17,620 |
2025 | 599 |
2026 | 1,692 |
2027 | 220 |
2028 | 693 |
Thereafter | 14 |
Time Deposits | 20,838 |
Foreign Deposits | |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |
2024 | 366 |
2025 | 0 |
2026 | 0 |
2027 | 0 |
2028 | 0 |
Thereafter | 0 |
Time Deposits | $ 366 |
Short-Term Borrowings-Schedule (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Short-term Debt [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | [1] | $ 9,914 | $ 5,945 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds purchased (day to day) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | $ 3,355 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted average interest rate, point in time (percent) | 5.49% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities sold under repurchase agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | $ 267 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted average interest rate, point in time (percent) | 0.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial paper | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | $ 5,440 | $ 4,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted average interest rate, point in time (percent) | 6.28% | 3.98% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | $ 852 | $ 1,127 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Long-Term Debt - Schedule (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | [1] | $ 18,661 | $ 17,591 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of long-term debt | 4,448 | 3,229 | $ 10,044 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HNAH | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 6,500 | 6,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HSBC USA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 15,739 | 14,747 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark-to-market adjustment on fair value option debt | 374 | (334) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of long-term debt | 4,435 | 3,089 | $ 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HSBC Bank USA and its Subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 2,922 | 2,844 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark-to-market adjustment on fair value option debt | 6 | (80) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | HSBC USA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 15,142 | 14,859 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | HSBC Bank USA and its Subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 1,475 | 1,483 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Fixed-rate notes | HSBC USA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 9,165 | 7,261 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, weighted average | 3.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Fixed-rate notes | HSBC USA | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, fixed | 1.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Fixed-rate notes | HSBC USA | Maximum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, fixed | 5.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Structured notes | HSBC USA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 5,977 | 7,598 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, weighted average | 6.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Structured notes | HSBC USA | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, floating | 5.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Structured notes | HSBC USA | Maximum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, floating | 7.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Structured notes | HSBC Bank USA and its Subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 441 | 453 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, weighted average | 4.89% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Structured notes | HSBC Bank USA and its Subsidiaries | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, floating | 3.04% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Structured notes | HSBC Bank USA and its Subsidiaries | Maximum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, floating | 5.71% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Floating Rate Notes | HSBC Bank USA and its Subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 34 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, weighted average | 5.76% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Floating Rate Notes | HSBC Bank USA and its Subsidiaries | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, floating | 5.48% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | Floating Rate Notes | HSBC Bank USA and its Subsidiaries | Maximum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, floating | 6.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior debt: | FHLB advances - floating-rate | HSBC Bank USA and its Subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 1,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, weighted average | 5.72% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, floating | 5.72% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debt: | Fixed-rate notes | HSBC USA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 223 | 222 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, weighted average | 7.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, fixed | 7.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debt: | Fixed-rate notes | HSBC Bank USA and its Subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 1,441 | $ 1,441 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, weighted average | 6.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debt: | Fixed-rate notes | HSBC Bank USA and its Subsidiaries | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, fixed | 5.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debt: | Fixed-rate notes | HSBC Bank USA and its Subsidiaries | Maximum | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, fixed | 7.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Long-Term Debt - Narrative (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Secured Debt | FHLB and Federal Reserve Bank of New York Secured Borrowing Facilities | ||
Debt Instrument [Line Items] | ||
Current borrowing capacity | $ 24,524 | |
Federal Home Loan Bank of New York | Long-term debt | Secured Debt | ||
Debt Instrument [Line Items] | ||
Amount outstanding under the loan agreement | 1,000 | $ 1,000 |
Long-term debt | ||
Debt Instrument [Line Items] | ||
Subordinated long-term debt, Fair Value | 749 | 706 |
Long-term debt | Structured notes | ||
Debt Instrument [Line Items] | ||
Long-term debt, Fair value | $ 6,790 | $ 7,672 |
Long-Term Debt - Maturity Schedule (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Long-term Debt, Fiscal Year Maturity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | $ 4,710 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 | 6,329 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2026 | 1,124 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2027 | 894 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2028 | 1,225 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thereafter | 4,379 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | [1] | $ 18,661 | $ 17,591 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Derivative Financial Instruments - Fair Value of Derivatives and Balance Offsetting (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | $ 17,169 | $ 19,944 |
Derivative Liabilities | 17,263 | 19,320 |
Gross amounts of receivable subject to enforceable master netting agreements | 14,110 | 15,625 |
Gross amounts of payable subject to enforceable master netting agreements | 14,110 | 15,625 |
Less: Gross amounts of cash collateral received subject to enforceable master netting agreements | 1,760 | 2,653 |
Less: Gross amounts of cash collateral posted subject to enforceable master netting agreements | 1,321 | 1,529 |
Derivative asset | 1,299 | 1,666 |
Derivative liability | 1,832 | 2,166 |
Less: Gross amounts of financial instrument collateral received not offset | 63 | 234 |
Less: Gross amounts of financial instrument collateral posted not offset | 273 | 32 |
Net amount of derivative asset | 1,236 | 1,432 |
Net amount of derivative liability | $ 1,559 | $ 2,134 |
Derivative Liability, Statement of Financial Position [Extensible Enumeration] | Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) |
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other assets, net of allowance for credit losses of nil at both December 31, 2023 and 2022 (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | Other assets, net of allowance for credit losses of nil at both December 31, 2023 and 2022 (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) |
Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Less: Gross amounts of cash collateral received subject to enforceable master netting agreements | $ 1,416 | $ 2,653 |
Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Less: Gross amounts of cash collateral posted subject to enforceable master netting agreements | 1,321 | 1,180 |
Designated as Hedging Instrument | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 0 | 42 |
Designated as Hedging Instrument | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 140 | 86 |
Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 1,255 | 1,814 |
Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 962 | 1,371 |
Equity contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 420 | 630 |
Equity contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 1,080 | 270 |
Precious metals contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 1,153 | 1,201 |
Precious metals contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 1,033 | 1,255 |
Credit contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 95 | 103 |
Credit contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 137 | 45 |
Credit contracts | Not Designated as Hedging Instrument, Other | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 14 | 7 |
Credit contracts | Not Designated as Hedging Instrument, Other | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 123 | 61 |
Bilateral OTC | Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 1,178 | 1,764 |
Bilateral OTC | Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 946 | 1,364 |
Bilateral OTC | Interest rate contracts | Not Designated as Hedging Instrument, Other | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 0 | 0 |
Bilateral OTC | Interest rate contracts | Not Designated as Hedging Instrument, Other | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 76 | 97 |
Bilateral OTC | Foreign exchange contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 13,606 | 15,744 |
Bilateral OTC | Foreign exchange contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 13,479 | 15,440 |
Bilateral OTC | Equity contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 413 | 630 |
Bilateral OTC | Equity contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 1,080 | 266 |
Bilateral OTC | Equity contracts | Not Designated as Hedging Instrument, Other | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 621 | 398 |
Bilateral OTC | Equity contracts | Not Designated as Hedging Instrument, Other | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 193 | 657 |
Bilateral OTC | Precious metals contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 1,150 | 1,201 |
Bilateral OTC | Precious metals contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 1,033 | 1,254 |
Bilateral OTC | Credit contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 81 | 103 |
Bilateral OTC | Credit contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 137 | 45 |
Bilateral OTC | Credit contracts | Not Designated as Hedging Instrument, Other | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 13 | 7 |
Bilateral OTC | Credit contracts | Not Designated as Hedging Instrument, Other | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 122 | 60 |
Bilateral OTC | Other Contracts | Not Designated as Hedging Instrument, Other | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 5 | 5 |
Bilateral OTC | Other Contracts | Not Designated as Hedging Instrument, Other | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 40 | 38 |
Bilateral OTC | Fair Value Hedging | Interest rate contracts | Designated as Hedging Instrument | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 0 | 42 |
Bilateral OTC | Fair Value Hedging | Interest rate contracts | Designated as Hedging Instrument | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 83 | 12 |
Bilateral OTC | Cash Flow Hedging | Interest rate contracts | Designated as Hedging Instrument | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 0 | 0 |
Bilateral OTC | Cash Flow Hedging | Interest rate contracts | Designated as Hedging Instrument | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 1 | 4 |
Bilateral OTC | Cash Flow Hedging | Foreign exchange contracts | Designated as Hedging Instrument | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 0 | 0 |
Bilateral OTC | Cash Flow Hedging | Foreign exchange contracts | Designated as Hedging Instrument | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 56 | 70 |
OTC Cleared | Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 70 | 42 |
OTC Cleared | Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 0 | 0 |
OTC Cleared | Credit contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 14 | 0 |
OTC Cleared | Credit contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 0 | 0 |
OTC Cleared | Credit contracts | Not Designated as Hedging Instrument, Other | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 1 | 0 |
OTC Cleared | Credit contracts | Not Designated as Hedging Instrument, Other | Interest taxes and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 1 | 1 |
Exchange Traded | Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 7 | 8 |
Exchange Traded | Interest rate contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 16 | 7 |
Exchange Traded | Equity contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 7 | 0 |
Exchange Traded | Equity contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 0 | 4 |
Exchange Traded | Precious metals contracts | Not Designated as Hedging Instrument, Trading | Trading Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 3 | 0 |
Exchange Traded | Precious metals contracts | Not Designated as Hedging Instrument, Trading | Trading Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | $ 0 | $ 1 |
Derivative Financial Instruments - Carrying Value of Hedged Items in Fair Value Hedge (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Derivatives, Fair Value [Line Items] | ||
Carrying amount of hedged items | $ 11,112 | $ 15,034 |
Active hedged asset adjustments | (1,320) | (1,633) |
Discontinued hedged asset adjustments | (70) | 246 |
Total hedged asset adjustments | $ (1,390) | $ (1,387) |
Hedged Asset, Statement of Financial Position [Extensible Enumeration] | Securities available-for-sale (includes amortized cost of $28.0 billion and $30.3 billion at December 31, 2023 and 2022, respectively, an allowance for credit losses of nil at both December 31, 2023 and 2022, and $161 million and $55 million pledged to creditors at December 31, 2023 and 2022, respectively) | Securities available-for-sale (includes amortized cost of $28.0 billion and $30.3 billion at December 31, 2023 and 2022, respectively, an allowance for credit losses of nil at both December 31, 2023 and 2022, and $161 million and $55 million pledged to creditors at December 31, 2023 and 2022, respectively) |
Deposits | ||
Derivatives, Fair Value [Line Items] | ||
Carrying amount of hedged liability items | $ 1,463 | $ 1,446 |
Active hedged liability adjustments | (104) | (150) |
Discontinued hedged liability adjustments | 67 | 96 |
Total hedged liability adjustments | $ (37) | $ (54) |
Hedged Liability, Statement of Financial Position [Extensible Enumeration] | Deposits | Deposits |
Long-term debt | ||
Derivatives, Fair Value [Line Items] | ||
Carrying amount of hedged liability items | $ 7,913 | $ 6,506 |
Active hedged liability adjustments | (407) | (605) |
Discontinued hedged liability adjustments | 72 | 111 |
Total hedged liability adjustments | $ (335) | $ (494) |
Hedged Liability, Statement of Financial Position [Extensible Enumeration] | Long-term debt (includes $7.5 billion and $8.4 billion designated under fair value option at December 31, 2023 and 2022, respectively) | Long-term debt (includes $7.5 billion and $8.4 billion designated under fair value option at December 31, 2023 and 2022, respectively) |
Derivative Financial Instruments - Gains and Losses on Hedged Items in Fair Value Hedges (Detail) - Net interest income - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) on Derivatives | $ 311 | $ 1,554 | $ 50 |
Gain (Loss) on Hedged Items | (188) | (1,437) | (49) |
Asset-backed securities available-for-sale | Interest rate contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) on Derivatives | 348 | 2,219 | 129 |
Gain (Loss) on Hedged Items | 386 | (1,871) | (29) |
Deposits | Interest rate contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) on Derivatives | (22) | (138) | (49) |
Gain (Loss) on Hedged Items | (113) | 56 | (6) |
Long-term debt | Interest rate contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) on Derivatives | (15) | (527) | (30) |
Gain (Loss) on Hedged Items | $ (461) | $ 378 | $ (14) |
Derivative Financial Instruments - Narrative (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
Gains (losses) related to discontinued cash flow hedge relationships amortized to earnings | $ (174) | $ (43) | $ 13 |
Cash flow hedge gain (loss) to be reclassified within twelve months | (47) | ||
Aggregate fair value of all derivative instruments with credit-risk related contingent features | 169 | 236 | |
Collateral already posted aggregate fair value | $ 90 | $ 100 | |
OCI, Cash Flow Hedge, Reclassification for Discontinuance, Statement of Income or Comprehensive Income [Extensible Enumeration] | Interest Income (Expense), Net |
Derivative Financial Instruments - Gains and Losses on Derivative Instruments Designated and Qualifying As Hedging Instruments in Cash Flow Hedges (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in AOCI on Derivatives | $ 5 | $ (385) | $ (65) |
Gain (Loss) Reclassified From AOCI into Income | (174) | (43) | 13 |
Foreign exchange contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in AOCI on Derivatives | 1 | 0 | (1) |
Foreign exchange contracts | Net interest income | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Reclassified From AOCI into Income | 0 | 0 | 0 |
Interest rate contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in AOCI on Derivatives | 4 | (385) | (64) |
Interest rate contracts | Net interest income | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Reclassified From AOCI into Income | $ (174) | $ (43) | $ 13 |
Derivative Financial Instruments - Gains and Losses on Derivative Instruments Held For Trading Purpose (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | $ (1,302) | $ 3,509 | $ (1,941) |
Trading revenue | Interest rate contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | (111) | 315 | (11) |
Trading revenue | Foreign exchange contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | 316 | 212 | 274 |
Trading revenue | Equity contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | (1,760) | 2,581 | (2,432) |
Trading revenue | Precious metals contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | 223 | 271 | 145 |
Trading revenue | Credit contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | $ 30 | $ 130 | $ 83 |
Derivative Financial Instruments - Gains and Losses on Derivative Instruments Held For Other Purpose (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | $ 826 | $ (1,493) | $ 1,055 |
Gain (loss) on instruments designated at fair value and related derivatives | |||
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | 932 | (1,478) | 1,040 |
Gain (loss) on instruments designated at fair value and related derivatives | Interest rate contracts | |||
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | (11) | (321) | (61) |
Gain (loss) on instruments designated at fair value and related derivatives | Foreign exchange contracts | |||
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | 0 | 1 | 0 |
Gain (loss) on instruments designated at fair value and related derivatives | Equity contracts | |||
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | 942 | (1,132) | 1,139 |
Other income (loss) | Interest rate contracts | |||
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | 0 | 7 | (2) |
Other income (loss) | Credit contracts | |||
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | (61) | (12) | (19) |
Other income (loss) | Other Contracts | |||
Derivatives, Fair Value [Line Items] | |||
Gain (Loss) Recognized in Income on Derivatives | $ (44) | $ (36) | $ (2) |
Derivative Financial Instruments - Credit-Risk Related Contingent Features (Detail) $ in Millions |
Dec. 31, 2023
USD ($)
|
---|---|
One-notch downgrade | |
Derivative [Line Items] | |
Amount of additional collateral to be posted upon downgrade | $ 0 |
Two-notch downgrade | |
Derivative [Line Items] | |
Amount of additional collateral to be posted upon downgrade | $ 49 |
Derivative Financial Instruments - Notional Value of Derivative Contracts (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Derivative [Line Items] | ||
Total | $ 1,301,082 | $ 1,327,929 |
Interest rate contracts | ||
Derivative [Line Items] | ||
Total | 122,702 | 162,919 |
Futures and forwards | ||
Derivative [Line Items] | ||
Total | 5,143 | 30,764 |
Swaps | ||
Derivative [Line Items] | ||
Total | 114,947 | 120,560 |
Options written | ||
Derivative [Line Items] | ||
Total | 1,260 | 5,855 |
Options purchased | ||
Derivative [Line Items] | ||
Total | 1,352 | 5,740 |
Foreign exchange contracts | ||
Derivative [Line Items] | ||
Total | 1,096,967 | 1,075,651 |
Swaps, futures and forwards | ||
Derivative [Line Items] | ||
Total | 1,005,683 | 968,847 |
Options written | ||
Derivative [Line Items] | ||
Total | 30,755 | 39,969 |
Options purchased | ||
Derivative [Line Items] | ||
Total | 30,898 | 40,026 |
Spot | ||
Derivative [Line Items] | ||
Total | 29,631 | 26,809 |
Total commodities, equities and precious metals | ||
Derivative [Line Items] | ||
Total | 63,287 | 69,703 |
Swaps, futures and forwards | ||
Derivative [Line Items] | ||
Total | 53,110 | 58,371 |
Options written | ||
Derivative [Line Items] | ||
Total | 1,713 | 1,643 |
Options purchased | ||
Derivative [Line Items] | ||
Total | 8,464 | 9,689 |
Credit derivatives | ||
Derivative [Line Items] | ||
Total | 16,710 | 18,547 |
Other Contracts | ||
Derivative [Line Items] | ||
Total | $ 1,416 | $ 1,109 |
Fair Value Option - Narrative (Details) - Commercial loans held for sale - USD ($) |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Fair value option, loans 90 days or more past due | $ 0 | $ 0 |
Fair value option loan in nonaccrual status | $ 0 | $ 0 |
Fair Value Option - Summary of Fair Value and Unpaid Principal Balance (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Client share repurchase asset, Fair Value | $ 10 | $ 325 |
Client shares repurchase liability, Fair Value | 10 | 325 |
Student loans held for investment | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Loans, designated under fair value option | 15 | 20 |
Loans held for investment, Unpaid Principal Balance | 17 | 22 |
Fair Value Over (Under) Unpaid Principal Balance | (2) | (2) |
Commercial loans held for sale | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Commercial loans held for sale, Fair Value | 250 | 237 |
Commercial loans held for sale, Unpaid Principal Balance | 256 | 291 |
Fair Value Over (Under) Unpaid Principal Balance | (6) | (54) |
Client share repurchase asset | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Client share repurchase asset, Fair Value | 10 | 325 |
Client share repurchase asset, Unpaid Principal Balance | 10 | 325 |
Fair Value Over (Under) Unpaid Principal Balance | 0 | 0 |
Fixed rate long-term debt | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Fixed rate long-term debt, Fair Value | 749 | 706 |
Fixed rate long-term debt, Unpaid Principal Balance | 741 | 741 |
Fair Value Over (Under) Unpaid Principal Balance | 8 | (35) |
Fixed rate long-term debt | Structured notes | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Hybrid instruments, structured notes, Fair Value | 6,790 | 7,672 |
Hybrid instruments, Unpaid Principal Balance | 6,418 | 8,051 |
Fair Value Over (Under) Unpaid Principal Balance | 372 | (379) |
Structured deposits | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Hybrid instruments, structured deposits, Fair Value | 1,821 | 1,554 |
Hybrid instruments, Unpaid Principal Balance | 1,816 | 1,520 |
Fair Value Over (Under) Unpaid Principal Balance | 5 | 34 |
Client share repurchase liability | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Client shares repurchase liability, Fair Value | 10 | 325 |
Unpaid Principal Balance, Other Liabilities, Fair Value Disclosure | 10 | 325 |
Fair Value Over (Under) Unpaid Principal Balance | $ 0 | $ 0 |
Fair Value Option - Components of Gain (Loss) on Instruments at Fair Value and Related Derivatives (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Components Of Gain On Instruments At Fair Value And Related Derivatives [Line Items] | |||
Mark-to-market on related derivatives | $ 826 | $ (1,493) | $ 1,055 |
Gain (loss) on instruments designated at fair value and related derivatives | (42) | (50) | 35 |
Gain (loss) on instruments designated at fair value and related derivatives | |||
Components Of Gain On Instruments At Fair Value And Related Derivatives [Line Items] | |||
Interest rate and other components | (984) | 1,487 | (1,045) |
Credit risk component, total | 11 | (85) | 2 |
Total mark-to-market on financial instruments designated at fair value | (973) | 1,402 | (1,043) |
Mark-to-market on related derivatives | 932 | (1,478) | 1,040 |
Net realized gain (loss) on related long-term debt derivatives | (1) | 26 | 38 |
Gain (loss) on instruments designated at fair value and related derivatives | (42) | (50) | 35 |
Gain (loss) on instruments designated at fair value and related derivatives | Loans | |||
Components Of Gain On Instruments At Fair Value And Related Derivatives [Line Items] | |||
Interest rate and other components | 0 | 0 | 0 |
Credit risk component, assets | 11 | (85) | 2 |
Total mark-to-market on financial instruments designated at fair value | 11 | (85) | 2 |
Mark-to-market on related derivatives | 0 | 0 | 0 |
Net realized gain (loss) on related long-term debt derivatives | 0 | 0 | 0 |
Gain (loss) on instruments designated at fair value and related derivatives | 11 | (85) | 2 |
Gain (loss) on instruments designated at fair value and related derivatives | Long-term debt | |||
Components Of Gain On Instruments At Fair Value And Related Derivatives [Line Items] | |||
Interest rate and other components | 3 | 197 | 74 |
Credit risk component, liabilities | 0 | 0 | 0 |
Total mark-to-market on financial instruments designated at fair value | 3 | 197 | 74 |
Mark-to-market on related derivatives | (4) | (221) | (88) |
Net realized gain (loss) on related long-term debt derivatives | (1) | 26 | 38 |
Gain (loss) on instruments designated at fair value and related derivatives | (2) | 2 | 24 |
Gain (loss) on instruments designated at fair value and related derivatives | Hybrid Instruments | |||
Components Of Gain On Instruments At Fair Value And Related Derivatives [Line Items] | |||
Interest rate and other components | (987) | 1,290 | (1,119) |
Credit risk component, liabilities | 0 | 0 | 0 |
Total mark-to-market on financial instruments designated at fair value | (987) | 1,290 | (1,119) |
Mark-to-market on related derivatives | 936 | (1,257) | 1,128 |
Net realized gain (loss) on related long-term debt derivatives | 0 | 0 | 0 |
Gain (loss) on instruments designated at fair value and related derivatives | $ (51) | $ 33 | $ 9 |
Income Taxes - Continuing Operations (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Income Tax Disclosure [Abstract] | |||
Provision for income taxes | $ 95 | $ 177 | $ 224 |
Income tax expense (benefit) included in common equity related to: | |||
Unrealized gains (losses) on investment securities | 166 | (719) | (258) |
Unrealized gains (losses) on fair value option liabilities attributable to our own credit spread | (8) | 19 | 4 |
Unrealized gains (losses) on derivatives designated as cash flow hedges | 43 | (84) | (19) |
Employer accounting for post-retirement plans | 1 | 2 | 1 |
Total income taxes | $ 297 | $ (605) | $ (48) |
Income Taxes - Components (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Current: | |||
Federal | $ 11 | $ (109) | $ (111) |
State and local | 35 | 0 | (7) |
Foreign | (2) | 2 | 2 |
Total current | 44 | (107) | (116) |
Deferred | 51 | 284 | 340 |
Provision for income taxes | $ 95 | $ 177 | $ 224 |
Income Taxes - Effective tax rates (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Income tax reconciliation | |||
Tax expense at the U.S. Federal statutory income tax rate | $ 102 | $ 152 | $ 192 |
State and local taxes, net of Federal benefit | 21 | 30 | 31 |
Adjustment of State tax rate used to value deferred taxes | (8) | (16) | (6) |
Non-deductible FDIC assessment fees | 17 | 11 | 13 |
Other non-deductible / non-taxable items | (3) | 11 | 3 |
Items affecting prior periods | (3) | 11 | 0 |
Low income housing and other tax credit investments | (30) | (22) | (15) |
Other | (1) | 0 | 6 |
Provision for income taxes | $ 95 | $ 177 | $ 224 |
Effective income tax reconciliation | |||
Tax expense (benefit) at the U.S. federal statutory income tax rate (in percent) | 21.00% | 21.00% | 21.00% |
State and local taxes, net of federal benefit (in percent) | 4.30% | 4.10% | 3.40% |
Adjustment of State tax rate used to value deferred taxes (in percent) | (1.60%) | (2.20%) | (0.70%) |
Non-deductible FDIC assessment fees (in percent) | 3.50% | 1.50% | 1.40% |
Other non-deductible / non-taxable items (in percent) | (0.60%) | 1.50% | 0.30% |
Items affecting prior periods (in percent) | (0.60%) | 1.50% | 0.00% |
Low income housing and other tax credit investments (in percent) | (6.20%) | (3.00%) | (1.70%) |
Other (in percent) | (0.30%) | 0.00% | 0.90% |
Effective tax rate (in percent) | 19.50% | 24.40% | 24.60% |
Income Taxes - Net Deferred Tax Position (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Deferred tax assets: | ||
Allowance for credit losses | $ 175 | $ 172 |
Unrealized losses on cash flow hedges | 86 | 129 |
Accrued expenses | 127 | 66 |
Interests in real estate mortgage investment conduits | 104 | 109 |
Unrealized losses on investment securities | 574 | 740 |
Capitalized costs | 299 | 310 |
Lease liabilities | 123 | 55 |
Other | 154 | 172 |
Total deferred tax assets | 1,642 | 1,753 |
Deferred tax liabilities: | ||
Lease ROU assets | 109 | 34 |
Amortization of intangible assets | 24 | 23 |
Fair value adjustments | 28 | 32 |
Other | 29 | 51 |
Total deferred tax liabilities | 190 | 140 |
Net deferred tax asset | $ 1,452 | $ 1,613 |
Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Reconciliation of unrecognized tax benefits | |||
Balance at January 1, | $ 25 | $ 26 | $ 20 |
Additions based on tax positions related to the current year | 1 | 0 | 0 |
Additions for tax positions of prior years | 0 | 1 | 9 |
Reductions for tax positions of prior years | (3) | (2) | (3) |
Balance at December 31, | $ 23 | $ 25 | $ 26 |
Income Taxes - Additional Information (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Income Tax Disclosure [Abstract] | |||
Unrecognized tax benefit, affect the effective tax rate | $ 20 | $ 22 | $ 22 |
Accruals for payment of interest and penalties associated with uncertain tax positions | 7 | 6 | $ 6 |
Increase (decrease) in accruals for payment of interest and penalties associated with uncertain tax positions | 1 | ||
Net deferred tax asset | $ 1,452 | $ 1,613 |
Income Taxes - Operating Loss Carryforwards (Details) - State $ in Millions |
Dec. 31, 2023
USD ($)
|
---|---|
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforwards | $ 32 |
Tax Year 2028 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforwards | 1 |
Tax Year 2030 | |
Operating Loss Carryforwards [Line Items] | |
Operating loss carryforwards | $ 31 |
Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
Class of Stock [Line Items] | ||
Preferred stock outstanding | $ 265 | $ 265 |
Preferred stock, shares outstanding (shares) | 265 | 265 |
6.0% Non-Cumulative Preferred Stock, Series I | ||
Class of Stock [Line Items] | ||
Preferred stock, shares outstanding (shares) | 265 | 265 |
Dividend rate | 6.00% | 6.00% |
Preferred stock, redemption price per share (usd per share) | $ 1,000,000 |
Accumulated Other Comprehensive Loss (Details) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at beginning of period, common equity | $ 11,848,000,000 | $ 15,775,000,000 | |
Total other comprehensive income (loss) | 649,000,000 | (2,396,000,000) | $ (858,000,000) |
Balance at end of period, common equity | 11,374,000,000 | 11,848,000,000 | 15,775,000,000 |
Accumulated other comprehensive loss | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at beginning of period, common equity | (2,575,000,000) | (179,000,000) | 679,000,000 |
Total other comprehensive income (loss) | 649,000,000 | (2,396,000,000) | (858,000,000) |
Balance at end of period, common equity | (1,926,000,000) | (2,575,000,000) | (179,000,000) |
Unrealized gains (losses) on investment securities | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at beginning of period, common equity | (2,270,000,000) | (65,000,000) | 750,000,000 |
Net unrealized gains (losses) arising during the period, net of tax | 353,000,000 | (2,192,000,000) | (774,000,000) |
Reclassification adjustment for (gains) losses realized in net income (loss), net of tax | 185,000,000 | (20,000,000) | (55,000,000) |
Reversal of provision for credit losses realized in net income, net of tax | 0 | (1,000,000) | 0 |
Amortization of net unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity realized in net income, net of tax | (2,000,000) | 8,000,000 | 14,000,000 |
Total other comprehensive income (loss) | 536,000,000 | (2,205,000,000) | (815,000,000) |
Balance at end of period, common equity | (1,734,000,000) | (2,270,000,000) | (65,000,000) |
Tax on net unrealized gains (losses) arising during period | 109,000,000 | (716,000,000) | (244,000,000) |
Tax on reclassification adjustment (less than) | 58,000,000 | (6,000,000) | (18,000,000) |
Tax on reversal of provision for credit losses realized in net income (loss) | 0 | (1,000,000) | 0 |
Tax on amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity realized in net income (loss) | (1,000,000) | 3,000,000 | 4,000,000 |
Unrealized gains (losses) on fair value option liabilities attributable to our own credit spread | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at beginning of period, common equity | 86,000,000 | 27,000,000 | 15,000,000 |
Net unrealized gains (losses) arising during the period, net of tax | (25,000,000) | 59,000,000 | 12,000,000 |
Total other comprehensive income (loss) | (25,000,000) | 59,000,000 | 12,000,000 |
Balance at end of period, common equity | 61,000,000 | 86,000,000 | 27,000,000 |
Tax on net unrealized gains (losses) arising during period | (8,000,000) | 19,000,000 | 4,000,000 |
Unrealized gains (losses) on derivatives designated as cash flow hedges | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at beginning of period, common equity | (396,000,000) | (138,000,000) | (79,000,000) |
Net unrealized gains (losses) arising during the period, net of tax | 4,000,000 | (291,000,000) | (49,000,000) |
Reclassification adjustment for (gains) losses realized in net income (loss), net of tax | 132,000,000 | 33,000,000 | (10,000,000) |
Total other comprehensive income (loss) | 136,000,000 | (258,000,000) | (59,000,000) |
Balance at end of period, common equity | (260,000,000) | (396,000,000) | (138,000,000) |
Tax on net unrealized gains (losses) arising during period | 1,000,000 | (94,000,000) | (16,000,000) |
Tax on reclassification adjustment (less than) | 42,000,000 | 10,000,000 | (3,000,000) |
Pension and postretirement benefit liability | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at beginning of period, common equity | 5,000,000 | (3,000,000) | (7,000,000) |
Net unrealized gains (losses) arising during the period, net of tax | 2,000,000 | 8,000,000 | 4,000,000 |
Total other comprehensive income (loss) | 2,000,000 | 8,000,000 | 4,000,000 |
Balance at end of period, common equity | 7,000,000 | 5,000,000 | (3,000,000) |
Tax on net unrealized gains (losses) arising during period | $ 1,000,000 | $ 2,000,000 | $ 1,000,000 |
Share-Based Plans - Narrative (Details) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Employee stock purchase plans | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock compensation expense (less than in all years for ESPP) | $ 0 | $ 0 | $ 0 |
Restricted stock units (RSUs) | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Award vesting period | 3 years | ||
Stock compensation expense (less than in all years for ESPP) | $ 19,000,000 | 15,000,000 | 15,000,000 |
Compensation expense not yet recognized | $ 12,000,000 | ||
Compensation expense not yet recognized, period for recognition | 1 year | ||
Restricted stock units (RSUs) | Minimum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Award vesting period | 3 years | ||
Restricted stock units (RSUs) | Maximum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Award vesting period | 5 years | ||
ShareMatch | Employee stock purchase plans | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Maximum monthly purchase per employee | $ 318 | $ 302 | $ 342 |
Employee investment shares (in shares) | 3 | ||
Award vesting period | 3 years |
Pension and Other Postretirement Benefits - Net Periodic Benefit Cost (Detail) - HSBC North America - HSBC North America Pension Plan - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Defined Benefit Plan Disclosure [Line Items] | |||
Interest cost on projected benefit obligation | $ 57 | $ 52 | $ 42 |
Expected return on plan assets | (65) | (56) | (58) |
Amortization of net actuarial loss | 5 | 3 | 0 |
Administrative costs | 3 | 3 | 3 |
Pension (income) expense | $ 0 | $ 2 | $ (13) |
Pensions and Other Postretirement Benefits - Assumptions (Details) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Sep. 30, 2022 |
Jun. 30, 2022 |
Mar. 31, 2022 |
Dec. 31, 2021 |
Sep. 30, 2021 |
Jun. 30, 2021 |
Mar. 31, 2021 |
Jun. 30, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
HSBC North America Pension Plan | ||||||||||||||||
Net Benefit Cost [Abstract] | ||||||||||||||||
Discount rate | 5.65% | 5.00% | 4.80% | 5.00% | 4.75% | 4.60% | 3.55% | 2.85% | 2.80% | 2.70% | 3.10% | 2.45% | ||||
Expected long-term rate of return on Plan assets | 4.75% | 4.00% | 3.50% | 5.25% | 4.75% | 3.50% | ||||||||||
Postretirement Plans Other Than Pensions | ||||||||||||||||
Projected Benefit Obligation [Abstract] | ||||||||||||||||
Discount rate | 4.80% | 4.95% | 2.70% | 4.80% | 4.95% | 2.70% | ||||||||||
Salary increase assumption | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
Pensions and Other Postretirement Benefits - Narrative (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Defined contribution plan, total cost recognized | $ 19 | $ 21 | $ 26 |
Defined contribution plan and other non-qualified supplemental retirement plan, total expense recognized | 0 | 0 | $ 0 |
Postretirement Plans Other Than Pensions | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Funded status of plan, asset (liability) | (23) | $ (31) | |
Postretirement liability | $ (3) | ||
Health care cost trend rate assumed for current fiscal year, participants under 65 | 7.70% | ||
Health care cost trend rate assumed for current fiscal year, participants over 65 | 9.00% | ||
Ultimate health care cost trend rate in 2032 | 4.50% |
Fee Income from Contracts with Customers - Disaggregation (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Disaggregation of Revenue [Line Items] | |||
Other non-fee revenue | $ 512 | $ 448 | $ 113 |
Total other revenues | 1,652 | 1,595 | 1,237 |
Total Fee Income | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 1,140 | 1,147 | 1,124 |
Credit card fees, net | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 49 | 45 | 37 |
Trust and investment management fees | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 134 | 136 | 108 |
Account services | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 283 | 275 | 290 |
Credit facilities | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 310 | 296 | 320 |
Other fees | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 33 | 48 | 42 |
Other fees and commissions | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 626 | 619 | 652 |
Servicing and other fees from HSBC affiliates | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | 327 | 343 | 321 |
Insurance | |||
Disaggregation of Revenue [Line Items] | |||
Total fee income from contracts with customers | $ 4 | $ 4 | $ 6 |
Fee Income from Contracts with Customers - Narrative (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Disaggregation of Revenue [Line Items] | |||
Deferred fee income | $ 3 | $ 3 | |
Credit card fees, net | |||
Disaggregation of Revenue [Line Items] | |||
Interchange fees | 105 | 104 | $ 93 |
Rewards program costs | $ 66 | $ 65 | $ 67 |
Related Party Transactions - Summary of Related Party Transactions (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and due from banks | [1] | $ 704 | $ 1,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest bearing deposits with banks | [1] | 25,015 | 17,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities purchased under agreements to resell | [1] | 13,878 | 23,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | [1] | 22,115 | 21,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 58,396 | [1] | 58,796 | [1] | $ 55,417 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | [1] | 6,490 | 6,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 168,238 | [1] | 164,655 | [1] | 189,232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 121,283 | [1] | 123,223 | [1] | $ 143,032 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | [1] | 3,485 | 2,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | [1] | 9,914 | 5,945 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | [1] | 18,661 | 17,591 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | [1] | 3,256 | 2,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | [1] | 156,599 | 152,542 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and due from banks | 133 | 313 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest bearing deposits with banks | 90 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities purchased under agreements to resell | 406 | 756 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 57 | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 2,618 | 3,557 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 491 | 744 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 3,795 | 5,411 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 9,110 | 11,357 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | 321 | 110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | 1,014 | 1,009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 6,511 | 6,011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 331 | 326 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | $ 17,287 | $ 18,813 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Related Party Transactions - Summary of Related Party Transactions (Income - Expense) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Income (Expense): | |||
Interest income | $ 7,049 | $ 3,905 | $ 2,675 |
Interest expense | (5,344) | (1,836) | (592) |
Net interest income | 1,705 | 2,069 | 2,083 |
Trading revenue (expense) | 942 | 517 | 24 |
Servicing and other fees from HSBC affiliates: | |||
Gain (loss) on instruments designated at fair value and related derivatives | (42) | (50) | 35 |
Support services from HSBC affiliates: | |||
Total support services from HSBC affiliates | (1,671) | (1,762) | (1,620) |
Related Party | |||
Income (Expense): | |||
Interest income | 223 | 116 | 26 |
Interest expense | (501) | (298) | (237) |
Net interest income | (278) | (182) | (211) |
Trading revenue (expense) | (3,287) | 1,753 | (3,182) |
Servicing and other fees from HSBC affiliates: | |||
Gain (loss) on instruments designated at fair value and related derivatives | 936 | (1,256) | 1,128 |
Support services from HSBC affiliates: | |||
Total support services from HSBC affiliates | (1,671) | (1,762) | (1,620) |
Rental income from HSBC affiliates, net | 33 | 39 | 42 |
Stock based compensation expense | (19) | (15) | (15) |
HSBC Markets (USA) Inc. ("HMUS") | |||
Support services from HSBC affiliates: | |||
Total support services from HSBC affiliates | (230) | (191) | (118) |
Other HSBC affiliates | |||
Support services from HSBC affiliates: | |||
Total support services from HSBC affiliates | (489) | (553) | (441) |
HTSU | |||
Support services from HSBC affiliates: | |||
Total support services from HSBC affiliates | (952) | (1,018) | (1,061) |
Servicing and other fees from HSBC affiliates | |||
Servicing and other fees from HSBC affiliates: | |||
Other revenues | 327 | 343 | 321 |
Servicing and other fees from HSBC affiliates | Related Party | |||
Servicing and other fees from HSBC affiliates: | |||
Other revenues | 327 | 343 | 321 |
Servicing and other fees from HSBC affiliates | HSBC Bank plc | |||
Servicing and other fees from HSBC affiliates: | |||
Other revenues | 180 | 190 | 176 |
Servicing and other fees from HSBC affiliates | HSBC Markets (USA) Inc. ("HMUS") | |||
Servicing and other fees from HSBC affiliates: | |||
Other revenues | 81 | 76 | 91 |
Servicing and other fees from HSBC affiliates | Other HSBC affiliates | |||
Servicing and other fees from HSBC affiliates: | |||
Other revenues | $ 66 | $ 77 | $ 54 |
Related Party Transactions - Narrative (Details) - USD ($) |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | [1] | $ 18,661,000,000 | $ 17,591,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | [1] | 58,987,000,000 | 59,380,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional value of derivative contracts | 1,301,082,000,000 | 1,327,929,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of trading assets | 10,000,000 | 0 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock issued | 265,000,000 | 265,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock outstanding | 265,000,000 | 265,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Return of capital to parent | 0 | 2,000,000,000 | $ 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HNAH | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Return of capital to parent | 1,500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HNAH | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 6,500,000,000 | 6,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum borrowing capacity | 4,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount outstanding under the loan agreement | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock issued | 265,000,000 | 265,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock outstanding | 265,000,000 | 265,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HNAH | Loans And Lines Of Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | 1,300,000,000 | 1,250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HNAH | Loans And Lines Of Credit Maturing In May 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HNAH | Loans And Lines Of Credit Maturing In July 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | 300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HMUS | Loans And Lines Of Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended loans and lines of credit | 13,300,000,000 | 12,800,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | 1,318,000,000 | 2,243,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other HSBC affiliates | Loans And Lines Of Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended loans and lines of credit | 3,900,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other HSBC affiliates | Short Term Lending | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | 0 | 64,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 6,511,000,000 | 6,011,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable from related parties | 2,618,000,000 | 3,557,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional value of derivative contracts | 719,600,000,000 | 789,200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of derivative assets and liabilities | 29,000,000 | $ 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Affiliated Entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase to additional paid-in-capital | $ 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of trading assets | $ 900,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Rate Note Maturing June 2025 | HNAH | Senior debt: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 2,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Rate Note Maturing September 2025 | HNAH | Senior debt: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 2,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Rate Note Maturing December 2027 | HNAH | Senior debt: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Rate Note Maturing June 2030 | HNAH | Senior debt: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 1,500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Rate Note Maturing December 2028 | HNAH | Senior debt: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | $ 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Related Party Transactions - Summary of Loans (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | [1] | $ 58,987 | $ 59,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HMUS and subsidiaries | Loans And Lines Of Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 1,318 | 2,243 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HSBC North America | Loans And Lines Of Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 1,300 | 1,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other short-term affiliate lending | Loans And Lines Of Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other short-term affiliate lending | Short Term Lending | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | $ 2,618 | $ 3,557 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Business Segments - Narrative (Details) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023
USD ($)
segment
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
|
Segment Reporting Information [Line Items] | |||
Number of operating segments | segment | 3 | ||
Gain on sales of loans | $ 9 | ||
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration] | Noninterest Expense | ||
Impairment charges | $ 63 | ||
Write Down of Leasehold Improvement Assets | 2020 - 2021 Restructuring Plan | |||
Segment Reporting Information [Line Items] | |||
Fixed asset impairment charges | $ 18 | ||
Lease Termination and Associated Costs | |||
Segment Reporting Information [Line Items] | |||
Impairment charges | $ 22 | ||
Group Reporting Basis Adjustments | |||
Segment Reporting Information [Line Items] | |||
Impairment reversal | $ 149 |
Business Segments - Summary of Accounting Change Impact (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Segment Reporting Information [Line Items] | |||
Net interest income (expense) | $ 1,705 | $ 2,069 | $ 2,083 |
Other income | $ (141) | (154) | (13) |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Net interest income (expense) | 2,060 | 1,904 | |
Other income | 1,610 | 1,430 | |
MSS | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Net interest income (expense) | 41 | 31 | |
Other income | 418 | 334 | |
CC | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Net interest income (expense) | (178) | 10 | |
Other income | 182 | (13) | |
As Previously Reported | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Net interest income (expense) | 2,060 | 1,904 | |
Other income | 1,610 | 1,430 | |
As Previously Reported | MSS | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Net interest income (expense) | (108) | 47 | |
Other income | 567 | 318 | |
As Previously Reported | CC | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Net interest income (expense) | (29) | (6) | |
Other income | $ 33 | $ 3 |
Business Segments - Summary on Reconciliation of Results Under IFRS to US GAAP (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | $ 1,705 | $ 2,069 | $ 2,083 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 1,652 | 1,595 | 1,237 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | 3,357 | 3,664 | 3,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | 45 | 154 | (570) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 3,312 | 3,510 | 3,890 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 2,824 | 2,785 | 2,978 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income before income tax | 488 | 725 | 912 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 168,238 | [1] | 164,655 | [1] | 189,232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 58,396 | [1] | 58,796 | [1] | 55,417 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 458 | [1] | 458 | [1] | 458 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 121,283 | [1] | 123,223 | [1] | 143,032 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 1,922 | 2,060 | 1,904 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 1,399 | 1,610 | 1,430 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | 3,321 | 3,670 | 3,334 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | 94 | 20 | (205) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 3,227 | 3,650 | 3,539 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 2,569 | 2,725 | 2,898 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | 658 | 925 | 641 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 185,578 | 184,471 | 205,346 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 56,960 | 57,191 | 55,245 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 358 | 358 | 358 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 116,892 | 117,433 | 128,936 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 2,060 | 1,904 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Group Reporting Basis Adjustments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 9 | 4 | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | (25) | (56) | (51) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | (16) | (52) | (32) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | (49) | 134 | (365) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 33 | (186) | 333 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 203 | 14 | 62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | (170) | (200) | 271 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | (17,340) | (19,816) | (16,114) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | (1,056) | (1,059) | (1,991) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 100 | 100 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | (1,799) | (2,665) | (2,889) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Group Reporting Basis Reclassifications | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | (226) | 5 | 160 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 278 | 41 | (142) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | 52 | 46 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 52 | 46 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 52 | 46 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 2,492 | 2,664 | 2,163 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 6,190 | 8,455 | 16,985 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
WPB | Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 757 | 782 | 801 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 118 | 298 | 303 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | 875 | 1,080 | 1,104 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | 3 | (35) | (21) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 872 | 1,115 | 1,125 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 602 | 863 | 1,221 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | 270 | 252 | (96) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 44,031 | 42,141 | 62,904 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 23,894 | 22,647 | 22,285 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 29,611 | 32,542 | 40,232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CMB | Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 1,144 | 941 | 771 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 184 | 287 | 297 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | 1,328 | 1,228 | 1,068 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | 63 | 22 | (26) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 1,265 | 1,206 | 1,094 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 675 | 586 | 581 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | 590 | 620 | 513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 52,484 | 49,020 | 43,052 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 23,076 | 24,565 | 21,971 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 358 | 358 | 358 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 43,667 | 41,268 | 45,082 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GB | Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 497 | 467 | 315 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 282 | 339 | 409 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | 779 | 806 | 724 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | 29 | 31 | (157) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 750 | 775 | 881 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 574 | 483 | 407 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | 176 | 292 | 474 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 10,231 | 10,102 | 10,486 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 9,796 | 9,498 | 9,930 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 40,166 | 40,865 | 41,343 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MSS | Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 44 | 41 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 336 | 418 | 334 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | 380 | 459 | 365 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | 380 | 459 | 365 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 280 | 286 | 275 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | 100 | 173 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 38,811 | 43,410 | 43,007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 64 | 203 | 178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 767 | 1,131 | 1,298 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | 41 | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GBM Other | Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | (14) | 7 | (24) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | (24) | 86 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | (38) | 93 | 76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | (1) | 2 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | (37) | 91 | 77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 74 | 111 | 98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | (111) | (20) | (21) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 37,158 | 37,170 | 44,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 130 | 278 | 881 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 2,681 | 1,627 | 981 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CC | Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Statistics [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | (506) | (178) | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating income (expense) | 503 | 182 | (13) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total operating income (expense) | (3) | 4 | (3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected credit losses / provision for credit losses | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | (3) | 4 | (3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating expenses | 364 | 396 | 316 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) before income tax | (367) | (392) | (319) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 2,863 | 2,628 | 1,746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | $ 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income (expense) | $ (178) | $ 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Business Segments - Group Reporting Basis to US GAAP Adjustments from previous table (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Deposit incentives | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | $ 6 | $ 7 | $ 13 |
Other Revenues | 0 | 0 | 0 |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | 0 | 2 | 9 |
Profit Before Income Tax | 6 | 5 | 4 |
Total assets | 2 | 3 | (25) |
Derivatives | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 0 | 0 | 0 |
Other Revenues | 0 | 0 | 0 |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | 0 | 0 | 0 |
Profit Before Income Tax | 0 | 0 | 0 |
Total assets | (17,485) | (19,842) | (16,172) |
Expected credit losses | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 0 | 0 | 0 |
Other Revenues | 0 | 0 | 0 |
Provision for Credit Losses | (45) | 153 | (272) |
Operating expenses | 0 | 0 | 0 |
Profit Before Income Tax | 45 | (153) | 272 |
Total assets | (224) | (258) | (148) |
Gain on transfer of precious metals trading client relationships to an affiliate | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 0 | ||
Other Revenues | (10) | ||
Provision for Credit Losses | 0 | ||
Operating expenses | 0 | ||
Profit Before Income Tax | (10) | ||
Total assets | 0 | ||
Goodwill | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 0 | 0 | 0 |
Other Revenues | 0 | 0 | 0 |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | 0 | 0 | 0 |
Profit Before Income Tax | 0 | 0 | 0 |
Total assets | 100 | 100 | 100 |
Leases | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 5 | 5 | 16 |
Other Revenues | 0 | 0 | 0 |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | 8 | 9 | 22 |
Profit Before Income Tax | (3) | (4) | (6) |
Total assets | 8 | 10 | 13 |
Loan origination | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | (7) | (14) | (11) |
Other Revenues | 0 | 0 | 0 |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | (10) | (12) | (20) |
Profit Before Income Tax | 3 | (2) | 9 |
Total assets | 24 | 22 | 23 |
Loans held for sale | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 4 | 5 | 0 |
Other Revenues | (3) | (40) | (31) |
Provision for Credit Losses | (4) | (19) | (93) |
Operating expenses | 0 | 9 | 0 |
Profit Before Income Tax | 5 | (25) | 62 |
Total assets | 26 | 35 | (31) |
Other long-lived assets | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 0 | 0 | 0 |
Other Revenues | 0 | 0 | 0 |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | 202 | (8) | 61 |
Profit Before Income Tax | (202) | 8 | (61) |
Total assets | (15) | 131 | 152 |
Pension and other postretirement benefit costs | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 0 | 0 | |
Other Revenues | 0 | 0 | |
Provision for Credit Losses | 0 | 0 | |
Operating expenses | 6 | (10) | |
Profit Before Income Tax | (6) | 10 | |
Total assets | 0 | 0 | |
Renewable energy tax credit investments | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 0 | 0 | 0 |
Other Revenues | (12) | (25) | (21) |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | 0 | 0 | 0 |
Profit Before Income Tax | (12) | (25) | (21) |
Total assets | 0 | 0 | 3 |
Other | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 1 | 1 | 1 |
Other Revenues | 0 | 9 | 1 |
Provision for Credit Losses | 0 | 0 | 0 |
Operating expenses | 3 | 8 | 0 |
Profit Before Income Tax | (2) | 2 | 2 |
Total assets | (17) | (17) | (29) |
Total adjustments | |||
Segment Reporting Information [Line Items] | |||
Net Interest Income | 9 | 4 | 19 |
Other Revenues | (25) | (56) | (51) |
Provision for Credit Losses | (49) | 134 | (365) |
Operating expenses | 203 | 14 | 62 |
Profit Before Income Tax | (170) | (200) | 271 |
Total assets | $ (17,581) | $ (19,816) | $ (16,114) |
Retained Earnings and Regulatory Capital Requirements - Capital Amounts and Ratios in Accordance With Current Banking Regulations (Details) $ in Millions |
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
---|---|---|
HSBC USA | ||
Common equity Tier 1 ratio: | ||
Capital Amount | $ 12,822 | $ 13,950 |
Well-Capitalized Ratio | 0.045 | 0.045 |
Actual Ratio | 0.130 | 0.135 |
Tier 1 capital ratio: | ||
Capital Amount | $ 13,087 | $ 14,215 |
Well-Capitalized Ratio | 0.060 | 0.060 |
Actual Ratio | 0.133 | 0.138 |
Total capital ratio: | ||
Capital Amount | $ 15,452 | $ 16,579 |
Well-Capitalized Ratio | 0.100 | 0.100 |
Actual Ratio | 0.157 | 0.161 |
Tier 1 leverage ratio: | ||
Capital Amount | $ 13,087 | $ 14,215 |
Well-Capitalized Ratio | 0.040 | 0.040 |
Actual Ratio | 0.077 | 0.085 |
Risk weighted assets: | ||
Capital Amount | $ 98,450 | $ 103,101 |
Adjusted quarterly average assets | ||
Capital Amount | 170,527 | 167,866 |
HSBC Bank USA | ||
Common equity Tier 1 ratio: | ||
Capital Amount | $ 15,407 | $ 16,492 |
Well-Capitalized Ratio | 0.065 | 0.065 |
Actual Ratio | 0.161 | 0.163 |
Tier 1 capital ratio: | ||
Capital Amount | $ 16,907 | $ 17,992 |
Well-Capitalized Ratio | 0.080 | 0.080 |
Actual Ratio | 0.177 | 0.178 |
Total capital ratio: | ||
Capital Amount | $ 19,024 | $ 20,114 |
Well-Capitalized Ratio | 0.100 | 0.100 |
Actual Ratio | 0.199 | 0.199 |
Tier 1 leverage ratio: | ||
Capital Amount | $ 16,907 | $ 17,992 |
Well-Capitalized Ratio | 0.050 | 0.050 |
Actual Ratio | 0.102 | 0.109 |
Risk weighted assets: | ||
Capital Amount | $ 95,455 | $ 101,331 |
Adjusted quarterly average assets | ||
Capital Amount | $ 166,526 | $ 164,564 |
Retained Earnings and Regulatory Capital Requirements - Narrative (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Return of capital to parent | $ 0 | $ 2,000 | $ 1,000 |
HSBC Bank USA | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Capital contribution | 17 | ||
Return of capital to parent | 1,800 | ||
HNAH | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Return of capital to parent | $ 1,500 |
Variable Interest Entities - Summary of Assets and Liabilities Related to Consolidated Variable Interest Entities (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | [1] | $ 6,490 | $ 6,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities | [1] | 3,256 | 2,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 58,396 | [1] | 58,796 | [1] | $ 55,417 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | 168,238 | [1] | 164,655 | [1] | $ 189,232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | [1] | 156,599 | 152,542 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable interest entities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 23 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities | 17 | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 162 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | 23 | 206 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | 17 | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Low income housing limited liability partnership: | Variable interest entities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 23 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities | 17 | 14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | 23 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | 17 | 14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Venture debt financing entity: | Variable interest entities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 0 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities | 0 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 0 | 162 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | 0 | 170 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | $ 0 | $ 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Variable Interest Entities - Variable Interests Held by Us and Our Maximum Exposure to Loss Rising From Our Involvements in Those VIEs (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | $ 168,238 | [1] | $ 164,655 | [1] | $ 189,232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | [1] | 156,599 | 152,542 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Not Primary Beneficiary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets Held by Unconsolidated VIEs | 7,825 | 7,388 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | 1,731 | 1,412 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | 327 | 360 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Exposure to Loss | 1,731 | 1,412 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Limited partnership investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets Held by Unconsolidated VIEs | 6,718 | 6,611 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | 793 | 796 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | 327 | 360 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Exposure to Loss | 793 | 796 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed financing SPEs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets Held by Unconsolidated VIEs | 1,107 | 777 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | 938 | 616 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Liabilities | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Exposure to Loss | $ 938 | $ 616 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Guarantee Arrangements, Pledged Assets and Repurchase Agreements - Carrying Value and Contractual Amounts of our Sell Protection Credit Derivatives and Major Off-Balance Sheet Guarantee Arrangements (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Guarantor Obligations [Line Items] | ||
Total, Carrying Value | $ 54 | $ 40 |
Credit derivatives, Notional/Maximum Exposure to Loss | 10,726 | 10,649 |
Total, Notional/Maximum Exposure to Loss | 12,097 | 13,213 |
Sell-protection Credit Derivatives | ||
Guarantor Obligations [Line Items] | ||
Credit derivatives, Carrying Value | 54 | 40 |
Credit derivatives, Notional/Maximum Exposure to Loss | 2,992 | 3,949 |
Financial standby letters of credit, net of participations | ||
Guarantor Obligations [Line Items] | ||
Standby letters of credit, Carrying Value | 0 | 0 |
Standby letters of credit, Notional/Maximum Exposure to Loss | 5,785 | 6,000 |
Performance standby letters of credit, net of participations | ||
Guarantor Obligations [Line Items] | ||
Standby letters of credit, Carrying Value | 0 | 0 |
Standby letters of credit, Notional/Maximum Exposure to Loss | 3,320 | 3,264 |
Affiliated Entity | Sell-protection Credit Derivatives | ||
Guarantor Obligations [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | 1,483 | 2,744 |
Affiliated Entity | Financial and performance standby letters of credit | ||
Guarantor Obligations [Line Items] | ||
Standby letters of credit, Notional/Maximum Exposure to Loss | $ 2,080 | $ 2,069 |
Guarantee Arrangements, Pledged Assets and Repurchase Agreements - Net Credit Derivative Positions (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Credit Derivatives [Line Items] | ||
Net position, Carrying/Fair Value | $ (142) | $ 8 |
Notional | 10,726 | 10,649 |
Sell-protection credit derivative positions | ||
Credit Derivatives [Line Items] | ||
Carrying / Fair Value | 54 | 40 |
Notional | 2,992 | 3,949 |
Buy-protection credit derivative positions | ||
Credit Derivatives [Line Items] | ||
Carrying / Fair Value | (196) | (32) |
Notional | $ 13,718 | $ 14,598 |
Guarantee Arrangements, Pledged Assets and Repurchase Agreements - Narrative (Detail) - USD ($) |
12 Months Ended | 36 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2007 |
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Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred fees | $ 3,000,000 | $ 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value of swap | 1,301,082,000,000 | 1,327,929,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimate of reasonably possible loss | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | [1] | 25,696,000,000 | 27,345,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | [1] | 22,115,000,000 | 21,730,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateral accepted under security resale agreements, fair value | 19,278,000,000 | 27,913,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateral accepted under security repurchase agreements but not reported on the balance sheet that can be sold or repledged, fair value | 19,278,000,000 | 25,838,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateral accepted under security repurchase agreements that has been sold or repledged under repurchase agreements or to cover short sales | 2,696,000,000 | 3,290,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Visa Class B Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on Visa shares | 40,000,000 | 36,000,000 | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset Pledged as Collateral with Right | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 161,000,000 | 55,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 3,046,000,000 | 1,255,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligation to Repurchase Receivables Sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated repurchase liability | 23,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligation to Repurchase Receivables Sold | Minimum | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimate of reasonably possible loss | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligation to Repurchase Receivables Sold | Maximum | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimate of reasonably possible loss | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HSBC Securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Whole loan securitization | $ 24,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HSBC Securities | Mortgage Securitization Activity Related Litigation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage securitization outstanding loan purchase and sold | 2,400,000,000 | 2,500,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses on unfunded standby letters of credit | 17,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | Standby Letters of Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred fees | 49,000,000 | 52,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value of swap | $ 40,000,000 | $ 38,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Guarantee Arrangements, Pledged Assets and Repurchase Agreements - Summary of Credit Ratings of Credit Risk Related Guarantees (Detail) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | $ 10,726 | $ 10,649 |
Total, Notional/Maximum Exposure to Loss | 12,097 | 13,213 |
Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | $ 2,992 | $ 3,949 |
Single name credit default swaps | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Average Life (in years) | 1 year 4 months 24 days | |
Credit derivatives, Notional/Maximum Exposure to Loss | $ 1,359 | |
Index credit derivatives | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Average Life (in years) | 6 years 6 months | |
Credit derivatives, Notional/Maximum Exposure to Loss | $ 1,633 | |
Standby Letters of Credit | ||
Credit Derivatives [Line Items] | ||
Average Life (in years) | 10 months 24 days | |
Standby letters of credit, Notional/Maximum Exposure to Loss | $ 9,105 | |
Investment Grade | ||
Credit Derivatives [Line Items] | ||
Total, Notional/Maximum Exposure to Loss | 8,629 | |
Investment Grade | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | 1,978 | |
Investment Grade | Single name credit default swaps | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | 903 | |
Investment Grade | Index credit derivatives | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | 1,075 | |
Investment Grade | Standby Letters of Credit | ||
Credit Derivatives [Line Items] | ||
Standby letters of credit, Notional/Maximum Exposure to Loss | 6,651 | |
Non-Investment Grade | ||
Credit Derivatives [Line Items] | ||
Total, Notional/Maximum Exposure to Loss | 3,468 | |
Non-Investment Grade | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | 1,014 | |
Non-Investment Grade | Single name credit default swaps | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | 456 | |
Non-Investment Grade | Index credit derivatives | Sell-protection Credit Derivatives | ||
Credit Derivatives [Line Items] | ||
Credit derivatives, Notional/Maximum Exposure to Loss | 558 | |
Non-Investment Grade | Standby Letters of Credit | ||
Credit Derivatives [Line Items] | ||
Standby letters of credit, Notional/Maximum Exposure to Loss | $ 2,454 |
Guarantee Arrangements, Pledged Assets and Repurchase Agreements - Summary of Pledged Assets Included in Consolidated Balance Sheet (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Financial Instruments Owned and Pledged as Collateral [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest bearing deposits with banks | [1] | $ 25,015 | $ 17,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | [1] | 22,115 | 21,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | [1] | 25,696 | 27,345 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity | [1] | 15,076 | 7,317 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | [1] | 58,987 | 59,380 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | [1] | 6,490 | 6,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 168,238 | [1] | 164,655 | [1] | $ 189,232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset Pledged as Collateral | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments Owned and Pledged as Collateral [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest bearing deposits with banks | 998 | 878 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 3,046 | 1,255 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 9,773 | 3,179 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity | 5,387 | 466 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net | 18,810 | 17,530 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 934 | 1,319 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ 38,948 | $ 24,627 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Guarantee Arrangements and Pledged Assets and Repurchase Agreements - Offsetting of Resale and Repurchase Agreements and Securities Borrowing and Lending Agreements (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Commitments and Contingencies Disclosure [Abstract] | ||
Securities purchased under agreements to resell, Gross Amounts Recognized | $ 19,382 | $ 27,795 |
Securities purchased under agreements to resell, Gross Amounts Offset in the Balance Sheet | 5,504 | 4,710 |
Securities purchased under agreements to resell, Net amounts Presented in the Balance Sheet | 13,878 | 23,085 |
Securities purchased under agreements to resell, Gross Amounts Not Offset in the Balance Sheet, Financial Instruments | 13,677 | 23,082 |
Securities purchased under agreements to resell, Gross Amounts Not Offset in the Balance Sheet, Cash Collateral Receive / Pledged | 7 | 0 |
Securities purchased under agreements to resell, Net amount | 194 | 3 |
Securities sold under repurchase agreements, Gross Amounts Recognized | 5,771 | 4,710 |
Securities sold under repurchase agreements, Gross Amounts Offset in the Balance Sheet | 5,504 | 4,710 |
Securities sold under repurchase agreements, Net Amounts Presented in the Balance Sheet | 267 | 0 |
Securities sold under repurchase agreements, Gross Amounts Not Offset in the Balance sheet, Financial Instruments | 266 | 0 |
Securities sold under repurchase agreements, Gross Amounts Not Offset in the Balance Sheet, Cash Collateral Received / Pledged | 0 | 0 |
Securities sold under repurchase agreements, Net amount | $ 1 | $ 0 |
Guarantee Arrangements, Pledged Assets and Repurchase Agreements, Collateral Pledged and Remaining Contractual Maturity of Repurchase Agreements Accounted for as Secured Borrowings (Details) - U.S. Treasury, U.S. Government sponsored and U.S. Government agency securities - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items] | ||
Collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings | $ 5,771 | $ 4,710 |
Overnight and Continuous | ||
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items] | ||
Collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings | 3,107 | 2,729 |
Up to 30 Days | ||
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items] | ||
Collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings | 288 | 1,074 |
31 to 90 Days | ||
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items] | ||
Collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings | 918 | 386 |
91 Days to One Year | ||
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items] | ||
Collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings | 1,458 | 521 |
Greater Than One Year | ||
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items] | ||
Collateral pledged and remaining contractual maturity of repurchase agreements accounted for as secured borrowings | $ 0 | $ 0 |
Fair Value Measurements - Assets and Liabilities Recorded at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | $ (14,110) | $ (15,625) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | [1] | 25,696 | 27,345 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | (14,110) | (15,625) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | [1] | 22,115 | 21,730 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | [1] | 3,485 | 2,803 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 2,469 | 1,846 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 4,019 | 6,391 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 11,702 | 7,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Precious metals trading | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 346 | 3,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | 301 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 12 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 92 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading liabilities | 1,496 | 1,966 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading assets | 1,276 | 1,614 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 64,268 | 68,276 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | (15,870) | (18,278) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 48,398 | 49,998 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 28,622 | 30,414 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | (15,431) | (17,154) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 13,191 | 13,260 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 23,123 | 25,391 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 2,469 | 1,846 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Home equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 12 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 92 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Domestic Deposits | Domestic deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,821 | 1,554 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 1,821 | 1,554 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Trading liabilities, excluding derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,989 | 837 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 1,989 | 837 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 17,263 | 19,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | (15,431) | (17,154) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 1,832 | 2,166 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,122 | 1,484 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 1,122 | 1,484 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 13,535 | 15,510 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 13,535 | 15,510 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,273 | 927 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 1,273 | 927 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,033 | 1,255 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 1,033 | 1,255 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 260 | 106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 260 | 106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 40 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 40 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivatives liability | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting Liabilities | (15,431) | (17,154) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | (15,431) | (17,154) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Long-term debt | Long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 7,539 | 8,378 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 7,539 | 8,378 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Other liabilities | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 10 | 325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Liabilities | 10 | 325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Trading assets, excluding derivatives | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 4,772 | 2,039 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 4,772 | 2,039 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Trading assets, excluding derivatives | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 4,019 | 6,391 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 4,019 | 6,391 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Trading assets, excluding derivatives | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 11,702 | 7,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 11,702 | 7,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Trading assets, excluding derivatives | Precious metals trading | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 346 | 3,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 346 | 3,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 17,169 | 19,944 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | (15,870) | (18,278) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 1,299 | 1,666 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 1,255 | 1,856 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 1,255 | 1,856 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 13,606 | 15,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 13,606 | 15,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 1,041 | 1,028 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 1,041 | 1,028 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 1,153 | 1,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 1,153 | 1,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 109 | 110 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 109 | 110 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 5 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 5 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Derivative assets | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Netting, Assets | (15,870) | (18,278) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | (15,870) | (18,278) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Loans | Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 15 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 15 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Loans | Loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 250 | 237 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 250 | 237 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Other assets | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 127 | 127 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 127 | 127 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Other assets | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 10 | 325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 10 | 325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Other assets | Mortgage servicing rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 19 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 19 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Other assets | Equity securities measured at net asset value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 143 | 140 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Balance, Assets | 143 | 140 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 29,460 | 25,805 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,704 | 848 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 7,799 | 8,195 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 2,359 | 1,740 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Home equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Domestic Deposits | Domestic deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Trading liabilities, excluding derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,688 | 837 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 16 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 16 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivatives liability | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Long-term debt | Long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Other liabilities | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Trading assets, excluding derivatives | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 3,564 | 1,670 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Trading assets, excluding derivatives | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 4,019 | 6,337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Trading assets, excluding derivatives | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 11,702 | 7,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Trading assets, excluding derivatives | Precious metals trading | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 17 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 7 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 7 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 3 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Derivative assets | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Loans | Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Loans | Loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Other assets | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Other assets | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Other assets | Mortgage servicing rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 1 | Other assets | Equity securities measured at net asset value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 34,310 | 42,061 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 24,489 | 26,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 15,324 | 17,196 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 110 | 106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Home equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Domestic Deposits | Domestic deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,528 | 1,181 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Trading liabilities, excluding derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 301 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 17,030 | 18,956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,100 | 1,471 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 13,534 | 15,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,104 | 625 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,033 | 1,254 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 259 | 106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivatives liability | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Long-term debt | Long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 5,620 | 5,739 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Other liabilities | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 10 | 325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Trading assets, excluding derivatives | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 1,208 | 369 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Trading assets, excluding derivatives | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Trading assets, excluding derivatives | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Trading assets, excluding derivatives | Precious metals trading | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 346 | 3,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 16,952 | 19,845 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 1,246 | 1,846 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 13,605 | 15,734 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 844 | 956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 1,150 | 1,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 107 | 108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Derivative assets | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Loans | Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 15 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Loans | Loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 218 | 188 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Other assets | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 127 | 127 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Other assets | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 10 | 325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Other assets | Mortgage servicing rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 2 | Other assets | Equity securities measured at net asset value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 355 | 270 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 2,429 | 3,365 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Home equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 12 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 92 | 93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Domestic Deposits | Domestic deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 293 | 373 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Trading liabilities, excluding derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 217 | 353 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 6 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 169 | 298 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 40 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivatives liability | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Long-term debt | Long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 1,919 | 2,639 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Other liabilities | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Trading assets, excluding derivatives | U.S. Treasury, U.S. Government agencies and sponsored enterprises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Trading assets, excluding derivatives | Debt securities issued by foreign entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Trading assets, excluding derivatives | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Trading assets, excluding derivatives | Precious metals trading | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 200 | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 2 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | Foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 1 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | Equity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 190 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | Precious metals contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | Credit contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 2 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | Other Contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 5 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Derivative assets | Derivatives netting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Loans | Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Loans | Loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 32 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Other assets | Equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Other assets | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Other assets | Mortgage servicing rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | 19 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Recurring | Level 3 | Other assets | Equity securities measured at net asset value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Balance, Assets | $ 0 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Fair Value Measurements - Changes in Fair Value of Level 3 Assets and Liabilities (Detail) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net income | Net income |
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net income | Net income |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net income | Net income |
Derivatives liability | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total liabilities, beginning balance | $ (353) | |
Total liabilities, ending balance | (217) | $ (353) |
Level 3 | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total assets, beginning balance | (83) | 145 |
Assets, Total Realized/Unrealized Gains (Losses) Included in Earnings | 183 | (373) |
Assets, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) | (1) | (8) |
Assets, Purchases | 13 | 0 |
Assets, Issuances | 0 | 18 |
Assets, Settlements | 9 | 29 |
Assets, Transfers Into Level 3 | 44 | 42 |
Assets Transfers out of Level 3 | (27) | (64) |
Total assets, ending balance | 138 | (83) |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 129 | (233) |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | (1) | (8) |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total liabilities, beginning balance | (3,012) | (2,388) |
Total Realized/Unrealized Gains (Losses) Included in Earnings | (423) | 306 |
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | (1) | 10 |
Purchases | 0 | 0 |
Issuances | (834) | (1,287) |
Settlements | 1,167 | 672 |
Transfers Into Level 3 | (93) | (594) |
Transfers Out of Level 3 | 984 | 269 |
Total liabilities, ending balance | (2,212) | (3,012) |
Current Period Unrealized Gains (Losses) Still Held Included in Earnings | (193) | 243 |
Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | (1) | 10 |
Level 3 | Interest rate contracts | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Derivatives, net, Beginning Balance | (5) | 0 |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Earnings | 1 | (2) |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | 0 | 0 |
Derivatives, net, Purchases | 0 | 0 |
Derivatives, net, Issuances | 0 | 0 |
Derivatives, net, Settlements | 0 | 0 |
Derivatives, net, Transfers into Level 3 | 0 | (3) |
Derivatives, net, Transfers out of Level 3 | 0 | 0 |
Derivatives, net, Ending Balance | (4) | (5) |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 1 | (1) |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | 0 | 0 |
Level 3 | Foreign exchange contracts | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Derivatives, net, Beginning Balance | 0 | (2) |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Earnings | 0 | 2 |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | 0 | 0 |
Derivatives, net, Purchases | 0 | 0 |
Derivatives, net, Issuances | 0 | 0 |
Derivatives, net, Settlements | 0 | 0 |
Derivatives, net, Transfers into Level 3 | 0 | 0 |
Derivatives, net, Transfers out of Level 3 | 0 | 0 |
Derivatives, net, Ending Balance | 0 | 0 |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 0 | 0 |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | 0 | 0 |
Level 3 | Equity contracts | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Derivatives, net, Beginning Balance | (226) | 46 |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Earnings | 226 | (340) |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | 0 | 0 |
Derivatives, net, Purchases | 0 | 0 |
Derivatives, net, Issuances | 0 | 0 |
Derivatives, net, Settlements | 27 | (4) |
Derivatives, net, Transfers into Level 3 | 1 | 8 |
Derivatives, net, Transfers out of Level 3 | (7) | (64) |
Derivatives, net, Ending Balance | 21 | (226) |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 130 | (233) |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | 0 | 0 |
Level 3 | Credit contracts | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Derivatives, net, Beginning Balance | 2 | (2) |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Earnings | 1 | 3 |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | 0 | 0 |
Derivatives, net, Purchases | 0 | 0 |
Derivatives, net, Issuances | 0 | 0 |
Derivatives, net, Settlements | 0 | 1 |
Derivatives, net, Transfers into Level 3 | (2) | 0 |
Derivatives, net, Transfers out of Level 3 | 0 | 0 |
Derivatives, net, Ending Balance | 1 | 2 |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 1 | 3 |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | 0 | 0 |
Level 3 | Other Contracts | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Derivatives, net, Beginning Balance | (33) | (33) |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Earnings | (44) | (36) |
Derivatives, net, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | 0 | 0 |
Derivatives, net, Purchases | 0 | 0 |
Derivatives, net, Issuances | 0 | 0 |
Derivatives, net, Settlements | 42 | 36 |
Derivatives, net, Transfers into Level 3 | 0 | 0 |
Derivatives, net, Transfers out of Level 3 | 0 | 0 |
Derivatives, net, Ending Balance | (35) | (33) |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 0 | 0 |
Derivatives, net, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | $ 0 | $ 0 |
Asset-backed securities available-for-sale | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Other comprehensive income (loss), net of tax | Other comprehensive income (loss), net of tax |
Asset-backed securities available-for-sale | Level 3 | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total assets, beginning balance | $ 108 | $ 120 |
Assets, Total Realized/Unrealized Gains (Losses) Included in Earnings | 0 | 0 |
Assets, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) | (1) | (8) |
Assets, Purchases | 0 | 0 |
Assets, Issuances | 0 | 0 |
Assets, Settlements | (3) | (4) |
Assets, Transfers Into Level 3 | 0 | 0 |
Assets Transfers out of Level 3 | 0 | 0 |
Total assets, ending balance | 104 | 108 |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 0 | 0 |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | $ (1) | $ (8) |
Mortgage servicing rights | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Other income (loss) | Other income (loss) |
Mortgage servicing rights | Level 3 | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total assets, beginning balance | $ 22 | $ 16 |
Assets, Total Realized/Unrealized Gains (Losses) Included in Earnings | (3) | 3 |
Assets, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) | 0 | 0 |
Assets, Purchases | 0 | 0 |
Assets, Issuances | 0 | 3 |
Assets, Settlements | 0 | 0 |
Assets, Transfers Into Level 3 | 0 | 0 |
Assets Transfers out of Level 3 | 0 | 0 |
Total assets, ending balance | 19 | 22 |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | (3) | 1 |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | 0 | 0 |
Derivative assets | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total assets, beginning balance | 91 | |
Total assets, ending balance | 200 | 91 |
Domestic deposits | Level 3 | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total liabilities, beginning balance | (373) | (535) |
Total Realized/Unrealized Gains (Losses) Included in Earnings | (3) | 54 |
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | 3 | 2 |
Purchases | 0 | 0 |
Issuances | (95) | 0 |
Settlements | 139 | 258 |
Transfers Into Level 3 | 0 | (182) |
Transfers Out of Level 3 | 36 | 30 |
Total liabilities, ending balance | (293) | (373) |
Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 4 | 36 |
Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | 3 | 2 |
Long-term debt | Level 3 | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total liabilities, beginning balance | (2,639) | (1,853) |
Total Realized/Unrealized Gains (Losses) Included in Earnings | (420) | 252 |
Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income | (4) | 8 |
Purchases | 0 | 0 |
Issuances | (739) | (1,287) |
Settlements | 1,028 | 414 |
Transfers Into Level 3 | (93) | (412) |
Transfers Out of Level 3 | 948 | 239 |
Total liabilities, ending balance | (1,919) | (2,639) |
Current Period Unrealized Gains (Losses) Still Held Included in Earnings | (197) | 207 |
Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | (4) | 8 |
Loans held for sale | Loans | Level 3 | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Total assets, beginning balance | 49 | 0 |
Assets, Total Realized/Unrealized Gains (Losses) Included in Earnings | 2 | (3) |
Assets, Total Realized/Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) | 0 | 0 |
Assets, Purchases | 13 | 0 |
Assets, Issuances | 0 | 15 |
Assets, Settlements | (57) | 0 |
Assets, Transfers Into Level 3 | 45 | 37 |
Assets Transfers out of Level 3 | (20) | 0 |
Total assets, ending balance | 32 | 49 |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Earnings | 0 | (3) |
Assets, Current Period Unrealized Gains (Losses) Still Held Included in Other Comprehensive Income (Loss) | $ 0 | $ 0 |
Fair Value Measurements - Quantitative Information about Recurring Fair Value Measurement of Assets and Liabilities Classified as Level 3 (Detail) $ in Millions |
Dec. 31, 2023
USD ($)
$ / shares
|
Dec. 31, 2022
USD ($)
|
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Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | [1] | $ 25,696 | $ 27,345 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | [1] | (18,661) | (17,591) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial loans held-for-sale | 32 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 19 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | (293) | (373) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Structured notes | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | (1,919) | (2,639) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed securities | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | 104 | 108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets (liability | (4) | (5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets (liability | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity contracts | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets (liability | 21 | (226) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit contracts | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets (liability | 1 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Contracts | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets (liability | $ (35) | $ (33) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Probability to fund for rate lock commitments | Interest rate contracts | Recurring | Minimum | Market comparable adjusted for probability to fund and, where applicable, option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.71 | 0.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Probability to fund for rate lock commitments | Interest rate contracts | Recurring | Maximum | Market comparable adjusted for probability to fund and, where applicable, option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.92 | 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Probability to fund for rate lock commitments | Interest rate contracts | Recurring | Weighted Average | Market comparable adjusted for probability to fund and, where applicable, option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.84 | 0.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate yield curve | Interest rate contracts | Recurring | Market comparable adjusted for probability to fund and, where applicable, option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.09 | 0.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cross-currency basis | Foreign exchange contracts | Recurring | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.0008 | 0.0103 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Recurring | Minimum | Option adjusted discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | 0.07 | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Recurring | Minimum | Option adjusted discounted cash flows | Structured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0.07 | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Recurring | Maximum | Option adjusted discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | 0.29 | 0.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Recurring | Maximum | Option adjusted discounted cash flows | Structured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0.95 | 0.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Recurring | Weighted Average | Option adjusted discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | 0.13 | 0.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Recurring | Weighted Average | Option adjusted discounted cash flows | Structured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0.22 | 0.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Equity contracts | Recurring | Minimum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.06 | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Equity contracts | Recurring | Maximum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 1.11 | 1.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity Index volatility | Equity contracts | Recurring | Weighted Average | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.41 | 0.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Recurring | Minimum | Option adjusted discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | 0.51 | 0.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Recurring | Minimum | Option adjusted discounted cash flows | Structured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0.45 | 0.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Recurring | Maximum | Option adjusted discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | 0.93 | 0.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Recurring | Maximum | Option adjusted discounted cash flows | Structured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0.97 | 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Recurring | Weighted Average | Option adjusted discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic deposits | 0.71 | 0.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Recurring | Weighted Average | Option adjusted discounted cash flows | Structured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0.84 | 0.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Equity contracts | Recurring | Minimum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.45 | 0.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Equity contracts | Recurring | Maximum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.97 | 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity / Equity and Equity / Index correlation | Equity contracts | Recurring | Weighted Average | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.84 | 0.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity forward price | Equity contracts | Recurring | Minimum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | $ / shares | 41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity forward price | Equity contracts | Recurring | Maximum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | $ / shares | 6,245 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity forward price | Equity contracts | Recurring | Weighted Average | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | $ / shares | 643 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity forward price | Equity contracts | Recurring | Minimum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity forward price | Equity contracts | Recurring | Maximum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 5,271 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity forward price | Equity contracts | Recurring | Weighted Average | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 1,243 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit default swap spreads | Recurring | Option adjusted discounted cash flows | Structured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0.0948 | 0.1223 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit default swap spreads | Credit contracts | Recurring | Minimum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.0059 | 0.0491 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit default swap spreads | Credit contracts | Recurring | Maximum | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.1558 | 0.0902 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit default swap spreads | Credit contracts | Recurring | Weighted Average | Option pricing model | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 0.0160 | 0.0885 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Conversion rate | Other Contracts | Recurring | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 1.6 | 1.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected duration | Other Contracts | Recurring | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market assumptions related to yields for comparable instruments | Recurring | Minimum | Market comparables and internal assumptions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Held-for-sale, Measurement Input | 0.78 | 0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market assumptions related to yields for comparable instruments | Recurring | Maximum | Market comparables and internal assumptions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Held-for-sale, Measurement Input | 1 | 0.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market assumptions related to yields for comparable instruments | Recurring | Weighted Average | Market comparables and internal assumptions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Held-for-sale, Measurement Input | 0.90 | 0.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market assumptions related to yields for comparable instruments | Asset-backed securities | Recurring | Minimum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities | 0.02 | 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market assumptions related to yields for comparable instruments | Asset-backed securities | Recurring | Maximum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities | 0.03 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market assumptions related to yields for comparable instruments | Asset-backed securities | Recurring | Weighted Average | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities | 0.02 | 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant prepayment rates | Recurring | Minimum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0.06 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant prepayment rates | Recurring | Maximum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0.17 | 0.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Constant prepayment rates | Recurring | Weighted Average | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0.06 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | Recurring | Minimum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0.10 | 0.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | Recurring | Maximum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0.14 | 0.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | Recurring | Weighted Average | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 0.10 | 0.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated annualized costs to service | Recurring | Minimum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 72 | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated annualized costs to service | Recurring | Maximum | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 77 | 76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated annualized costs to service | Recurring | Weighted Average | Discounted cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring, Valuation Techniques [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | 74 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Fair Value Measurements - Narrative (Detail) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net income | Net income |
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net income | Net income |
Unfunded commitments, equity securities measured at net asset value | $ 21 | $ 25 |
Revaluation period | 90 days | |
Deferred fees | $ 3 | 3 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Transfers Out of Level 3 | 984 | 269 |
Transfers into Level 3 | 93 | 594 |
Assets, Transfers Into Level 3 | 44 | 42 |
Assets Transfers out of Level 3 | 27 | 64 |
Level 3 | Equity contracts | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Derivatives, net, Transfers out of Level 3 | 7 | 64 |
Derivatives, net, Transfers into Level 3 | 1 | 8 |
Unfunded Loan Commitment | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Deferred fees | 162 | 158 |
Domestic deposits | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Transfers Out of Level 3 | 36 | 30 |
Transfers into Level 3 | 0 | 182 |
Long-term debt | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Transfers Out of Level 3 | 948 | 239 |
Transfers into Level 3 | 93 | 412 |
Commercial loans held for sale | Level 3 | Loans | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Assets, Transfers Into Level 3 | 45 | 37 |
Assets Transfers out of Level 3 | $ 20 | $ 0 |
Fair Value Measurements - Assets and Liabilities Recorded as Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total Gains (Losses) | $ (71) | $ (13) |
Consumer loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total Gains (Losses) | (10) | |
Consumer loans | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total Gains (Losses) | 1 | 6 |
Commercial loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total Gains (Losses) | (32) | (8) |
Commercial Loans | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total Gains (Losses) | (32) | 12 |
Leases | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total Gains (Losses) | (8) | (13) |
Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 480 | 165 |
Fair Value, Nonrecurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 106 | 113 |
Fair Value, Nonrecurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 374 | 52 |
Fair Value, Nonrecurring | Consumer loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 1 | |
Fair Value, Nonrecurring | Consumer loans held for sale | Level 1 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | |
Fair Value, Nonrecurring | Consumer loans held for sale | Level 2 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 1 | |
Fair Value, Nonrecurring | Consumer loans held for sale | Level 3 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | |
Fair Value, Nonrecurring | Consumer loans | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 106 | 112 |
Fair Value, Nonrecurring | Consumer loans | Level 1 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Consumer loans | Level 2 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 106 | 112 |
Fair Value, Nonrecurring | Consumer loans | Level 3 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Commercial loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Commercial loans held for sale | Level 1 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Commercial loans held for sale | Level 2 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Commercial loans held for sale | Level 3 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Commercial Loans | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 374 | 52 |
Fair Value, Nonrecurring | Commercial Loans | Level 1 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Commercial Loans | Level 2 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Commercial Loans | Level 3 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 374 | 52 |
Fair Value, Nonrecurring | Leases | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Leases | Level 1 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Leases | Level 2 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Nonrecurring | Leases | Level 3 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | $ 0 | $ 0 |
Fair Value Measurements - Quantitative Information about Nonrecurring Fair Value Measurement of Assets and Liabilities Classified as Level 3 (Detail) - Fair Value, Nonrecurring $ in Millions |
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
---|---|---|
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | $ 480 | $ 165 |
Consumer loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 1 | |
Commercial loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Commercial Loans | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 374 | 52 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 374 | 52 |
Level 3 | Consumer loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | |
Level 3 | Commercial loans held for sale | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | 0 | 0 |
Level 3 | Commercial Loans | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Total assets at fair value on a non-recurring basis | $ 374 | $ 52 |
Loss severity rates | Level 3 | Commercial Loans | Minimum | Valuation of third-party appraisal on underlying collateral | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Range of Inputs | 0.01 | 0.11 |
Loss severity rates | Level 3 | Commercial Loans | Maximum | Valuation of third-party appraisal on underlying collateral | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Range of Inputs | 0.93 | 0.47 |
Loss severity rates | Level 3 | Commercial Loans | Weighted Average | Valuation of third-party appraisal on underlying collateral | ||
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items] | ||
Range of Inputs | 0.25 | 0.31 |
Fair Value Measurements - Additional Information Relating To Asset-Backed Securities and Collateralized Debt Obligations (Detail) - Level 3 $ in Millions |
Dec. 31, 2023
USD ($)
|
---|---|
Asset-backed securities available-for-sale | |
Fair Value Of Other Financial Instrument [Line Items] | |
Trading asset-backed securities and related collateral | $ 104 |
Other | BBB - B | |
Fair Value Of Other Financial Instrument [Line Items] | |
Trading asset-backed securities and related collateral | 92 |
Alt A | Home equity | AAA - A | |
Fair Value Of Other Financial Instrument [Line Items] | |
Trading asset-backed securities and related collateral | $ 12 |
Fair Value Measurements - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | [1] | $ 13,878 | $ 23,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 58,396 | [1] | 58,796 | [1] | $ 55,417 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | [1] | 339 | 354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 121,283 | [1] | 123,223 | [1] | $ 143,032 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | [1] | 18,661 | 17,591 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial assets, net of allowance for credit losses | 704 | 1,004 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity, net of allowance for credit losses | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial liabilities | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | Commercial loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial assets, net of allowance for credit losses | 25,015 | 17,744 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | 13,878 | 23,085 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity, net of allowance for credit losses | 14,689 | 6,862 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial liabilities | 9,914 | 5,945 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 119,465 | 121,652 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 11,645 | 9,769 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 2 | Commercial loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 89 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 2 | Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial assets, net of allowance for credit losses | 13 | 54 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity, net of allowance for credit losses | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial liabilities | 13 | 54 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 | Commercial loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 40,557 | 42,050 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 | Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 17,043 | 15,984 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial assets, net of allowance for credit losses | 25,732 | 18,802 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | 13,878 | 23,085 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity, net of allowance for credit losses | 15,076 | 7,317 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial liabilities | 9,927 | 5,999 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 119,462 | 121,669 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 11,122 | 9,213 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value | Commercial loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 39,383 | 41,266 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 89 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value | Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 18,998 | 17,510 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial assets, net of allowance for credit losses | 25,732 | 18,802 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under agreements to resell | 13,878 | 23,085 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity, net of allowance for credit losses | 14,689 | 6,862 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term financial liabilities | 9,927 | 5,999 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 119,465 | 121,652 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 11,645 | 9,769 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Commercial loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | 40,557 | 42,050 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 89 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Consumer loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net | $ 17,043 | 15,984 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | $ 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Litigation and Regulatory Matters - Narrative (Details) $ in Millions, $ in Millions |
1 Months Ended | 12 Months Ended | 36 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Feb. 21, 2024
USD ($)
|
May 31, 2023
USD ($)
formerEmployee
|
May 31, 2022
USD ($)
|
Dec. 31, 2015
CAD ($)
|
Dec. 31, 2015
trust
|
Dec. 31, 2009
USD ($)
|
Dec. 31, 2007
USD ($)
|
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
Nov. 30, 2019
person
|
|
Loss Contingencies [Line Items] | ||||||||||
Estimate of reasonably possible loss | $ 100 | |||||||||
Interest Rate Swap Investigation | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Damages paid | $ 45 | |||||||||
Precious Metals Fix Matters, Canada Litigation | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Damages sought | $ 1,000 | |||||||||
Punitive damages sought | $ 250 | |||||||||
Madoff Litigation | HSBC USA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Damages sought | $ 27 | |||||||||
Madoff Litigation | HSBC Bank USA | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Damages sought | $ 82 | |||||||||
Madoff Litigation | HSBC Bank USA | Pending Litigation | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Damages sought | $ 15 | |||||||||
Unapproved Electronic Messaging Platforms Investigation | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Damages paid | $ 30 | |||||||||
Mortgage Securitizationn Pool Trust Litigation | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Number of identified trusts | trust | 280 | |||||||||
First Citizens Litigation | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Former employees | formerEmployee | 7 | |||||||||
First Citizens Litigation | Subsequent Event | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Damages sought | $ 1,000 | |||||||||
Anti-Terrorism Act Case, Dana Bernhardt Et Al | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Former military personnel | person | 2 | |||||||||
HSBC Securities | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Whole loan securitization | $ 24,000 | |||||||||
HSBC Securities | Mortgage Securitization Activity Related Litigation | ||||||||||
Loss Contingencies [Line Items] | ||||||||||
Mortgage securitization outstanding loan purchase and sold | $ 2,400 | $ 2,500 |
Financial Statements of HSBC USA Inc. (Parent) Balance Sheet (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Investment in subsidiaries: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | [1] | $ 6,490 | $ 6,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 168,238 | [1] | 164,655 | [1] | $ 189,232 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | [1] | 3,256 | 2,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | [1] | 156,599 | 152,542 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total equity | 11,639 | 12,113 | $ 17,040 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | 168,238 | 164,655 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HSBC USA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities held-to-maturity (fair value of $1 million at both December 31, 2023 and 2022) | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables and balances due from subsidiaries | 14,437 | 13,605 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables and balances due from other HSBC affiliates | 2,663 | 3,519 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment in subsidiaries: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banking | 15,527 | 15,941 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 99 | 62 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 257 | 175 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 32,984 | 33,303 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest, taxes and other liabilities (includes $10 million and $325 million designated under fair value option at December 31, 2023 and 2022, respectively) | 83 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payables due to subsidiaries | 7 | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payables due to other HSBC affiliates | 76 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings | 5,440 | 4,818 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term borrowings due to subsidiaries | 0 | 1,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt | 9,240 | 8,748 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt due to other HSBC affiliates | 6,499 | 5,999 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 21,345 | 21,190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total equity | 11,639 | 12,113 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ 32,984 | $ 33,303 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Financial Statements of HSBC USA Inc. (Parent) Balance Sheet (Phantom) (Details) - USD ($) $ in Millions |
Dec. 31, 2023 |
Dec. 31, 2022 |
---|---|---|
Condensed Financial Statements, Captions [Line Items] | ||
Securities held-to-maturity, fair value | $ 14,689 | $ 6,862 |
2024 | 4,710 | |
2025 | 6,329 | |
2026 | 1,124 | |
2027 | 894 | |
2028 | 1,225 | |
Thereafter | 4,379 | |
HSBC USA | ||
Condensed Financial Statements, Captions [Line Items] | ||
Securities held-to-maturity, fair value | 1 | $ 1 |
2024 | 4,700 | |
2025 | 6,300 | |
2026 | 1,100 | |
2027 | 800 | |
2028 | 900 | |
Thereafter | $ 1,900 |
Financial Statements of HSBC USA Inc. (Parent) Statement of Income (Loss) and Comprehensive Income (Loss) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Income: | |||
Total income | $ 3,312 | $ 3,510 | $ 3,890 |
Expenses: | |||
Other interest expense | 47 | 30 | 11 |
Income tax expense (benefit) | 95 | 177 | 224 |
Net income | 393 | 548 | 688 |
Other comprehensive income (loss) | 649 | (2,396) | (858) |
Comprehensive income (loss) | 1,042 | (1,848) | (170) |
HSBC USA | |||
Income: | |||
Dividends from banking subsidiaries | 1,940 | 143 | 102 |
Dividends from other subsidiaries | 15 | 15 | 0 |
Interest from subsidiaries | 526 | 101 | 28 |
Interest from other HSBC affiliates | 194 | 89 | 23 |
Other income (loss) from subsidiaries | 0 | (1) | 0 |
Other income (loss) from other HSBC Affiliates | 951 | (1,046) | 1,027 |
Other income (loss) | (961) | 998 | (1,023) |
Total income | 2,665 | 299 | 157 |
Expenses: | |||
Interest to subsidiaries | 54 | 46 | 16 |
Interest to other HSBC Affiliates | 172 | 140 | 128 |
Other interest expense | 1,091 | 305 | 40 |
Other expenses with subsidiaries | 13 | 15 | 19 |
Other expenses | 2 | 2 | 1 |
Total expenses | 1,332 | 508 | 204 |
Income before income tax | 1,333 | (209) | (47) |
Income tax expense (benefit) | (143) | (88) | (33) |
Income (loss) before equity in undistributed income (loss) of subsidiaries | 1,476 | (121) | (14) |
Equity in undistributed income (loss) of subsidiaries | (1,083) | 669 | 702 |
Net income | 393 | 548 | 688 |
Other comprehensive income (loss) | 649 | (2,396) | (858) |
Comprehensive income (loss) | $ 1,042 | $ (1,848) | $ (170) |
Financial Statements of HSBC USA Inc. (Parent) Statement of Cash Flows (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Condensed Financial Statements, Captions [Line Items] | |||
Net income | $ 393 | $ 548 | $ 688 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 22 | 13 | 22 |
Net change in other assets and liabilities | 1,359 | (1,044) | 172 |
Net cash provided by operating activities | 2,425 | 1,936 | 1,820 |
Cash flows from investing activities | |||
Sales and maturities of securities | 0 | 0 | 1 |
Other, net | (140) | (17) | 103 |
Net cash provided by (used in) investing activities | 3,937 | (18,296) | 35,072 |
Cash flows from financing activities | |||
Net change in deposits from other HSBC affiliates | (1,941) | (12,534) | (2,107) |
Net change in short-term borrowings | 3,969 | (393) | 1,386 |
Issuance of long-term debt | 4,553 | 5,931 | 7,711 |
Repayment of long-term debt | (4,448) | (3,229) | (10,044) |
Preferred stock redemption | 0 | (1,000) | 0 |
Return of capital to parent | 0 | (2,000) | (1,000) |
Other decreases in capital surplus | (8) | (2) | (4) |
Net cash provided by (used in) financing activities | 609 | (13,304) | (4,135) |
Net change in cash and due from banks and interest bearing deposits with banks | 6,971 | (29,664) | 32,757 |
Cash and due from banks and interest bearing deposits with banks at beginning of period | 18,748 | 48,412 | 15,655 |
Cash and due from banks and interest bearing deposits with banks at end of period | 25,719 | 18,748 | 48,412 |
Cash paid for: | |||
Interest | 5,123 | 1,660 | 606 |
HSBC USA | |||
Condensed Financial Statements, Captions [Line Items] | |||
Net income | 393 | 548 | 688 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 3 | 1 | 1 |
Net change in other assets and liabilities | 794 | (2,073) | (313) |
Undistributed loss (gain) of subsidiaries | 1,083 | (669) | (702) |
Other, net | (9) | 2 | (4) |
Net cash provided by operating activities | 2,264 | (2,191) | (330) |
Cash flows from investing activities | |||
Net change in investments in and balances due from subsidiaries | (889) | 2,291 | 2,713 |
Net change in receivables from other HSBC affiliates | 875 | (888) | (1,345) |
Other, net | 0 | 14 | 0 |
Net cash provided by (used in) investing activities | (14) | 1,417 | 1,369 |
Cash flows from financing activities | |||
Net change in deposits from other HSBC affiliates | 41 | (17) | 13 |
Net change in short-term borrowings | (878) | 1,135 | (815) |
Issuance of long-term debt | 4,546 | 5,824 | 6,844 |
Repayment of long-term debt | (4,435) | (3,089) | (6,000) |
Preferred stock redemption | 0 | (1,000) | 0 |
Return of capital to parent | 0 | (2,000) | (1,000) |
Other decreases in capital surplus | (8) | (2) | (4) |
Dividends paid | (1,516) | (77) | (77) |
Net cash provided by (used in) financing activities | (2,250) | 774 | (1,039) |
Net change in cash and due from banks and interest bearing deposits with banks | 0 | 0 | 0 |
Cash and due from banks and interest bearing deposits with banks at beginning of period | 0 | 0 | 0 |
Cash and due from banks and interest bearing deposits with banks at end of period | 0 | 0 | 0 |
Cash paid for: | |||
Interest | $ 1,178 | $ 373 | $ 167 |
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