Trading Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Trading assets and liabilities consisted of the following:


	March 31, 2024		December 31, 2023
	(in millions)
Trading assets:
U.S. Treasury	$	3,462	$	3,564
U.S. Government agency issued or guaranteed	—		1
U.S. Government sponsored enterprises	962		1,207


Foreign bonds	1,053		4,019
Equity securities	12,273		11,702
Precious metals	329		346
Derivatives, net	821		1,276
Total trading assets	$	18,900	$	22,115
Trading liabilities:
Securities sold, not yet purchased	$	1,210	$	1,688
Payables for precious metals	38		301
Derivatives, net	1,298		1,496
Total trading liabilities	$	2,546	$	3,485