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Securities - Amortized Cost and Fair Value of Asset Backed Securities (Detail) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
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
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at December 31, 2023 and 2022. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 27, "Variable Interest Entities," for additional information.
At December 31,20232022
(in millions)
Assets
Loans, net$ $162 
Other assets23 44 
Total assets$23 $206 
Liabilities
Interest, taxes and other liabilities$17 $22 
Total liabilities$17 $22