v3.25.1
Related Party Transactions - Summary of Related Party Transactions (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Assets:      
Cash and due from banks [1] $ 888 $ 621  
Interest bearing deposits with banks [1] 28,414 22,625  
Securities purchased under agreements to resell [1] 10,379 14,313  
Trading assets [1] 18,670 21,231  
Loans, net 62,780 [1] 62,216 [1] $ 59,216
Other [1] 6,033 6,053  
Total assets 172,441 [1] 170,731 [1] 166,966
Liabilities:      
Deposits 125,724 [1] 123,350 [1] $ 122,053
Trading liabilities [1] 2,669 3,907  
Short-term borrowings [1] 7,564 7,352  
Long-term debt [1] 20,668 20,717  
Other [1] 3,020 2,916  
Total liabilities [1] 159,645 158,242  
Related Party      
Assets:      
Cash and due from banks 358 188  
Interest bearing deposits with banks 180 4  
Securities purchased under agreements to resell 0 405  
Trading assets 19 120  
Loans, net 5,257 5,449  
Other 445 468  
Total assets 6,259 6,634  
Liabilities:      
Deposits 11,702 8,351  
Trading liabilities 18 77  
Short-term borrowings 1,790 1,549  
Long-term debt 9,888 8,388  
Other 429 252  
Total liabilities $ 23,827 $ 18,617  
[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 $4 
Total liabilities$16 $4