v3.25.2
Securities - Amortized Cost and Fair Value of Asset Backed Securities (Detail) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Securities available-for-sale:    
Amortized Cost $ 31,046,000,000 $ 27,221,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 30,000,000 14,000,000
Unrealized Losses (2,037,000,000) (2,298,000,000)
Fair Value [1] 29,039,000,000 24,937,000,000
Securities held-to-maturity:    
Amortized Cost 18,547,000,000 17,798,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 49,000,000 8,000,000
Unrealized Losses (477,000,000) (777,000,000)
Fair Value 18,119,000,000 17,029,000,000
U.S. Treasury    
Securities available-for-sale:    
Amortized Cost 13,287,000,000 10,250,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 25,000,000 7,000,000
Unrealized Losses (216,000,000) (205,000,000)
Fair Value 13,096,000,000 10,052,000,000
Securities held-to-maturity:    
Amortized Cost 2,826,000,000 2,807,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 1,000,000 0
Unrealized Losses (17,000,000) (86,000,000)
Fair Value 2,810,000,000 2,721,000,000
Mortgage-backed securities    
Securities available-for-sale:    
Amortized Cost 3,140,000,000 3,242,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (634,000,000) (691,000,000)
Fair Value 2,506,000,000 2,551,000,000
Securities held-to-maturity:    
Amortized Cost 893,000,000 920,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (53,000,000) (77,000,000)
Fair Value 840,000,000 843,000,000
Collateralized mortgage obligations    
Securities available-for-sale:    
Amortized Cost 1,276,000,000 1,324,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (273,000,000) (309,000,000)
Fair Value 1,003,000,000 1,015,000,000
Securities held-to-maturity:    
Amortized Cost 221,000,000 245,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 3,000,000 2,000,000
Unrealized Losses (9,000,000) (13,000,000)
Fair Value 215,000,000 234,000,000
Direct agency obligations    
Securities available-for-sale:    
Amortized Cost 553,000,000 730,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 1,000,000 1,000,000
Unrealized Losses (6,000,000) (8,000,000)
Fair Value 548,000,000 723,000,000
Mortgage-backed securities    
Securities available-for-sale:    
Amortized Cost 5,047,000,000 5,286,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (437,000,000) (543,000,000)
Fair Value 4,610,000,000 4,743,000,000
Securities held-to-maturity:    
Amortized Cost 13,204,000,000 12,313,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 45,000,000 6,000,000
Unrealized Losses (280,000,000) (449,000,000)
Fair Value 12,969,000,000 11,870,000,000
Collateralized mortgage obligations    
Securities available-for-sale:    
Amortized Cost 3,386,000,000 2,602,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (460,000,000) (528,000,000)
Fair Value 2,926,000,000 2,074,000,000
Securities held-to-maturity:    
Amortized Cost 1,401,000,000 1,511,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (118,000,000) (152,000,000)
Fair Value 1,283,000,000 1,359,000,000
Direct agency obligations    
Securities available-for-sale:    
Amortized Cost 140,000,000 156,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 3,000,000 5,000,000
Unrealized Losses 0 0
Fair Value 143,000,000 161,000,000
Home equity mortgages    
Securities available-for-sale:    
Amortized Cost 10,000,000 11,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (1,000,000) (1,000,000)
Fair Value 9,000,000 10,000,000
Corporate loans    
Securities available-for-sale:    
Amortized Cost 129,000,000  
Allowance for Credit Losses 0  
Unrealized Gains 0  
Unrealized Losses 0  
Fair Value 129,000,000  
Other    
Securities available-for-sale:    
Amortized Cost 92,000,000 98,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses (9,000,000) (11,000,000)
Fair Value 83,000,000 87,000,000
Foreign debt securities    
Securities available-for-sale:    
Amortized Cost 3,986,000,000 3,522,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 1,000,000 1,000,000
Unrealized Losses (1,000,000) (2,000,000)
Fair Value 3,986,000,000 3,521,000,000
Obligations of U.S. states and political subdivisions    
Securities held-to-maturity:    
Amortized Cost 2,000,000 2,000,000
Allowance for Credit Losses 0 0
Unrealized Gains 0 0
Unrealized Losses 0 0
Fair Value $ 2,000,000 $ 2,000,000
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at June 30, 2025 and December 31, 2024. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 15, "Variable Interest Entities," for additional information.
June 30, 2025December 31, 2024
(in millions)
Assets
Other assets$7 $11 
Total assets$7 $11 
Liabilities
Interest, taxes and other liabilities$15 $
Total liabilities$15 $