v3.25.2
Trading Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2025
Trading Assets And Liabilities [Abstract]  
Trading Assets and Liabilities
Trading assets and liabilities consisted of the following:
June 30, 2025December 31, 2024
 (in millions)
Trading assets:
U.S. Treasury$3,945 $3,676 
U.S. Government agency issued or guaranteed1 
U.S. Government sponsored enterprises1,218 1,166 
Foreign bonds936 783 
Equity securities12,402 13,844 
Precious metals473 163 
Derivatives, net1,930 1,598 
Total trading assets$20,905 $21,231 
Trading liabilities:
Securities sold, not yet purchased$1,462 $1,489 
Payables for precious metals 70 
Derivatives, net1,480 2,348 
Total trading liabilities$2,942 $3,907