v3.25.1
CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Trading assets [1] $ 18,670,000,000 $ 21,231,000,000
Securities available-for-sale, amortized cost 28,054,000,000 27,221,000,000
Securities available-for-sale, allowance for credit losses 0 0
Fair Value [1] 26,021,000,000 24,937,000,000
Securities held-to-maturity, allowance for credit losses 0 0
Securities held-to-maturity, fair value 17,636,000,000 17,029,000,000
Other assets, allowance for credit losses 0 0
Other assets designated under fair value option 0 16,000,000
Interest, taxes and other liabilities designated under fair value option $ 0 $ 16,000,000
Preferred stock, par value (usd per share) $ 0 $ 0
Preferred stock, shares authorized (shares) 40,999,000 40,999,000
Preferred stock, shares issued (shares) 265 265
Preferred stock, shares outstanding (shares) 265 265
Common stock, par value (usd per share) $ 5 $ 5
Common stock, shares authorized (shares) 150,000,000 150,000,000
Common stock, shares issued (shares) 714 714
Common stock, shares outstanding (shares) 714 714
Assets:    
Other assets [1] $ 6,033,000,000 $ 6,053,000,000
Total assets [1] 172,441,000,000 170,731,000,000
Liabilities:    
Interest, taxes and other liabilities [1] 3,020,000,000 2,916,000,000
Total liabilities [1] 159,645,000,000 158,242,000,000
Asset Pledged as Collateral with Right    
Trading assets 3,790,000,000 3,621,000,000
Fair Value 1,352,000,000 616,000,000
Variable interest entities    
Assets:    
Other assets 9,000,000 11,000,000
Total assets 9,000,000 11,000,000
Liabilities:    
Interest, taxes and other liabilities 16,000,000 4,000,000
Total liabilities 16,000,000 4,000,000
Student loans held for investment    
Loans, designated under fair value option 10,000,000 11,000,000
Commercial loans held for sale    
Loans held-for-sale, designated under fair value option 519,000,000 395,000,000
Domestic deposits    
Deposits designated under fair value option 4,900,000,000 4,000,000,000.0
Long-term debt    
Long-term debt designated under fair value option $ 7,500,000,000 $ 7,900,000,000
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at March 31, 2025 and December 31, 2024. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 15, "Variable Interest Entities," for additional information.
March 31, 2025December 31, 2024
(in millions)
Assets
Other assets$9 $11 
Total assets$9 $11 
Liabilities
Interest, taxes and other liabilities$16 $
Total liabilities$16 $