CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Millions		Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	[1]	$ 695	$ 704
Interest bearing deposits with banks	[1]	30,687	25,015
Federal funds sold and securities purchased under agreements to resell	[1]	8,306	13,878
Trading assets (includes $2.5 billion and $3.0 billion pledged to creditors at March 31, 2024 and December 31, 2023, respectively)	[1]	18,900	22,115
Securities available-for-sale (includes amortized cost of $28.0 billion at both March 31, 2024 and December 31, 2023, an allowance for credit losses of nil at both March 31, 2024 and December 31, 2023, and $863 million and $161 million pledged to creditors at March 31, 2024 and December 31, 2023, respectively)	[1]	25,550	25,696
Securities held-to-maturity, net of allowance for credit losses of nil at both March 31, 2024 and December 31, 2023 (fair value of $14.7 billion at both March 31, 2024 and December 31, 2023)	[1]	15,294	15,076
Loans (includes $14 million and $15 million designated under fair value option at March 31, 2024 and December 31, 2023, respectively)	[1]	59,797	58,987
Less – allowance for credit losses	[1]	581	591
Loans, net	[1]	59,216	58,396
Loans held for sale (includes $264 million and $250 million designated under fair value option at March 31, 2024 and December 31, 2023, respectively)	[1]	453	339
Properties and equipment, net	[1]	75	71
Goodwill	[1]	458	458
Other assets, net of allowance for credit losses of nil at both March 31, 2024 and December 31, 2023 (includes $661 million and $10 million designated under fair value option at March 31, 2024 and December 31, 2023, respectively)	[1]	7,332	6,490
Total assets	[1]	166,966	168,238
Domestic deposits:
Noninterest bearing	[1]	24,606	23,421
Interest bearing (includes $2.1 billion and $1.8 billion designated under fair value option at March 31, 2024 and December 31, 2023, respectively)	[1]	90,413	92,604
Foreign deposits - interest bearing	[1]	7,034	5,258
Total deposits	[1]	122,053	121,283
Short-term borrowings	[1]	7,033	9,914
Long-term debt (includes $6.9 billion and $7.5 billion designated under fair value option at March 31, 2024 and December 31, 2023, respectively)	[1]	19,439	18,661
Total debt	[1]	148,525	149,858
Trading liabilities	[1]	2,546	3,485
Interest, taxes and other liabilities (includes $661 million and $10 million designated under fair value option at March 31, 2024 and December 31, 2023, respectively)	[1]	4,139	3,256
Total liabilities	[1]	155,210	156,599
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 265 shares issued and outstanding at both March 31, 2024 and December 31, 2023)		265	265
Common equity:
Common stock ($5 par value; 150,000,000 shares authorized; 714 shares issued and outstanding at both March 31, 2024 and December 31, 2023)		0	0
Additional paid-in capital		12,740	12,740
Retained earnings		785	560
Accumulated other comprehensive loss		(2,034)	(1,926)
Total common equity		11,491	11,374
Total equity		11,756	11,639
Total liabilities and equity		$ 166,966	$ 168,238

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at March 31, 2024 and December 31, 2023. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 15, "Variable Interest Entities," for additional information. March 31, 2024December 31, 2023(in millions)AssetsOther assets$21 $23 Total assets$21 $23 LiabilitiesInterest, taxes and other liabilities$28 $17 Total liabilities$28 $17