Annual report pursuant to Section 13 and 15(d)

INVESTMENT SECURITIES AND OTHER SECURITIES - Continuous Unrealized Loss Position (Details)

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INVESTMENT SECURITIES AND OTHER SECURITIES - Continuous Unrealized Loss Position (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Available-for-sale securities:    
Less than 12 months, fair value $ 4,726 $ 1,375
Less than 12 months, gross unrealized losses (74) (28)
12 months or longer, fair value 18,038 20,381
12 months or longer, gross unrealized losses (3,409) (3,317)
Total, fair value 22,764 21,756
Total, gross unrealized losses (3,483) (3,345)
Held-to-maturity securities:    
Less than 12 months, fair value 1,843 156
Less than 12 months, fair value (25) (1)
12 months or longer, fair value 11,495 13,030
12 months or longer, gross unrealized losses (2,260) (2,038)
Total held-to-maturity securities 13,338 13,186
Total, gross unrealized losses (2,285) (2,039)
U.S. Treasury securities    
Available-for-sale securities:    
Less than 12 months, fair value 3,153  
Less than 12 months, gross unrealized losses (43)  
12 months or longer, fair value 0  
12 months or longer, gross unrealized losses 0  
Total, fair value 3,153  
Total, gross unrealized losses (43)  
Held-to-maturity securities:    
Less than 12 months, fair value 1,581  
Less than 12 months, fair value (22)  
12 months or longer, fair value 0  
12 months or longer, gross unrealized losses 0  
Total held-to-maturity securities 1,581  
Total, gross unrealized losses (22)  
US Treasury and Government    
Available-for-sale securities:    
Less than 12 months, fair value 3,692 750
Less than 12 months, gross unrealized losses (49) (9)
12 months or longer, fair value 14,299 15,462
12 months or longer, gross unrealized losses (3,171) (2,890)
Total, fair value 17,991 16,212
Total, gross unrealized losses (3,220) (2,899)
Held-to-maturity securities:    
Less than 12 months, fair value 1,843 156
Less than 12 months, fair value (25) (1)
12 months or longer, fair value 11,494 13,030
12 months or longer, gross unrealized losses (2,260) (2,038)
Total held-to-maturity securities 13,337 13,186
Total, gross unrealized losses (2,285) (2,039)
Residential CMO    
Available-for-sale securities:    
Less than 12 months, fair value 243 543
Less than 12 months, gross unrealized losses (1) (7)
12 months or longer, fair value 2,802 2,641
12 months or longer, gross unrealized losses (433) (401)
Total, fair value 3,045 3,184
Total, gross unrealized losses (434) (408)
Held-to-maturity securities:    
Less than 12 months, fair value 163 156
Less than 12 months, fair value (1) (1)
12 months or longer, fair value 3,152 3,542
12 months or longer, gross unrealized losses (690) (663)
Total held-to-maturity securities 3,315 3,698
Total, gross unrealized losses (691) (664)
Residential MBS    
Available-for-sale securities:    
Less than 12 months, fair value 275 207
Less than 12 months, gross unrealized losses (5) (2)
12 months or longer, fair value 9,676 10,913
12 months or longer, gross unrealized losses (1,966) (1,774)
Total, fair value 9,951 11,120
Total, gross unrealized losses (1,971) (1,776)
Held-to-maturity securities:    
Less than 12 months, fair value 99 0
Less than 12 months, fair value (2) 0
12 months or longer, fair value 7,097 8,108
12 months or longer, gross unrealized losses (1,334) (1,145)
Total held-to-maturity securities 7,196 8,108
Total, gross unrealized losses (1,336) (1,145)
Commercial MBS    
Available-for-sale securities:    
Less than 12 months, fair value 0 0
Less than 12 months, gross unrealized losses 0 0
12 months or longer, fair value 1,752 1,827
12 months or longer, gross unrealized losses (767) (709)
Total, fair value 1,752 1,827
Total, gross unrealized losses (767) (709)
Held-to-maturity securities:    
Less than 12 months, fair value 0 0
Less than 12 months, fair value 0 0
12 months or longer, fair value 1,176 1,285
12 months or longer, gross unrealized losses (231) (224)
Total held-to-maturity securities 1,176 1,285
Total, gross unrealized losses (231) (224)
Other agencies    
Available-for-sale securities:    
Less than 12 months, fair value 21 0
Less than 12 months, gross unrealized losses 0 0
12 months or longer, fair value 69 81
12 months or longer, gross unrealized losses (5) (6)
Total, fair value 90 81
Total, gross unrealized losses (5) (6)
Held-to-maturity securities:    
Less than 12 months, fair value 0 0
Less than 12 months, fair value 0 0
12 months or longer, fair value 69 95
12 months or longer, gross unrealized losses (5) (6)
Total held-to-maturity securities 69 95
Total, gross unrealized losses (5) (6)
Municipal securities    
Available-for-sale securities:    
Less than 12 months, fair value 985 625
Less than 12 months, gross unrealized losses (25) (19)
12 months or longer, fair value 2,336 2,496
12 months or longer, gross unrealized losses (107) (146)
Total, fair value 3,321 3,121
Total, gross unrealized losses (132) (165)
Held-to-maturity securities:    
Less than 12 months, fair value 0  
Less than 12 months, fair value 0  
12 months or longer, fair value 1  
12 months or longer, gross unrealized losses 0  
Total held-to-maturity securities 1  
Total, gross unrealized losses 0  
Private-label CMO    
Available-for-sale securities:    
Less than 12 months, fair value 0 0
Less than 12 months, gross unrealized losses 0 0
12 months or longer, fair value 87 99
12 months or longer, gross unrealized losses (10) (12)
Total, fair value 87 99
Total, gross unrealized losses (10) (12)
Asset-backed securities    
Available-for-sale securities:    
Less than 12 months, fair value 49 0
Less than 12 months, gross unrealized losses 0 0
12 months or longer, fair value 263 281
12 months or longer, gross unrealized losses (19) (31)
Total, fair value 312 281
Total, gross unrealized losses (19) (31)
Corporate debt    
Available-for-sale securities:    
Less than 12 months, fair value 0 0
Less than 12 months, gross unrealized losses 0 0
12 months or longer, fair value 1,053 2,043
12 months or longer, gross unrealized losses (102) (238)
Total, fair value 1,053 2,043
Total, gross unrealized losses $ (102) $ (238)