Trading Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Trading Assets And Liabilities [Abstract]

Trading assets and liabilities consisted of the following:


At December 31,	2023		2022
	(in millions)
Trading assets:
U.S. Treasury	$	3,564	$	1,670
U.S. Government agency issued or guaranteed	1		—
U.S. Government sponsored enterprises	1,207		369


Foreign bonds	4,019		6,391
Equity securities	11,702		7,855
Precious metals(1)	346		3,831
Derivatives, net	1,276		1,614
Total trading assets	$	22,115	$	21,730
Trading liabilities:
Securities sold, not yet purchased	$	1,688	$	837
Payables for precious metals	301		—
Derivatives, net	1,496		1,966
Total trading liabilities	$	3,485	$	2,803

(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.