v3.25.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts and Gross Fair Values of Derivative Assets and Derivative Liabilities
The following table presents notional amounts and gross fair values of our derivative assets and derivative liabilities which are not offset in the Consolidated Balance Sheets:
TABLE 10.1
June 30, 2025December 31, 2024
NotionalFair ValueNotionalFair Value
(in millions)AmountAssetsLiabilitiesAmountAssetsLiabilities
Gross Derivatives
Subject to master netting arrangements:
Interest rate contracts – designated$2,150 $13 $— $2,400 $— $6 
Interest rate swaps – not designated6,105 56 53 5,901 96 16 
Total subject to master netting arrangements8,255 69 53 8,301 96 22 
Not subject to master netting arrangements:
Interest rate swaps – not designated6,105 53 182 5,901 16 287 
Interest rate lock commitments – not designated473 5 — 417 1 4 
Forward delivery commitments – not designated477 — 5 486 4 — 
Credit risk contracts – not designated763 — — 819 — — 
Total not subject to master netting arrangements7,818 58 187 7,623 21 291 
Total$16,073 $127 $240 $15,924 $117 $313 
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income (AOCI)
The following table shows amounts reclassified from AOCI:
TABLE 10.2
Amount of Gain (Loss) Recognized in OCI on DerivativesLocation of Gain (Loss) Reclassified from AOCI into IncomeAmount of Gain (Loss) Reclassified from AOCI into Income
Six Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2025202420252024
Derivatives in cash flow hedging relationships:
   Interest rate contracts $16 $(15)Interest income (expense)$(15)$(19)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table represents gains (losses) recognized in the Consolidated Statements of Income on cash flow hedging relationships:
TABLE 10.3
Six months ended June 30,
20252024
(in millions)Interest Income - Loans and LeasesInterest Expense - Short-Term BorrowingsInterest Income - Loans and LeasesInterest Expense - Short-Term Borrowings
Total amounts of income and expense line items presented in the Consolidated Statements of Income (the effects of cash flow hedges are included in these line items)$981 $34 $975 $60 
The effects of cash flow hedging:
     Gain (loss) on cash flow hedging relationships:
     Interest rate contracts:
        Amount of gain (loss) reclassified from AOCI into net income(15)— (25)6 
Schedule of Derivative Financial Instruments on the Consolidated Statements of Income
The following table presents the effect of certain derivative financial instruments on the Consolidated Statements of Income:
TABLE 10.4
Six Months Ended
June 30,
(in millions)Consolidated Statements of Income Location20252024
Interest rate swapsNon-interest income - other$— $— 
Interest rate lock commitmentsMortgage banking operations— — 
Forward delivery contractsMortgage banking operations(8)4 
Credit risk contractsNon-interest income - other— — 
Schedule of Offsetting Assets
The following table presents a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the Consolidated Balance Sheets to the net amounts that would result in the event of offset: Swap derivative transactions with customers are generally secured by rights to non-financial collateral, such as real and personal property, which is not shown in the table below.
TABLE 10.5
  Gross Amounts Not Offset in the Consolidated Balance Sheets 
(in millions)Gross Amount RecognizedGross Amount Offset in the Consolidated Balance SheetsNet Amount
Presented in
the Consolidated Balance
Sheets		Financial
Instruments Available for Offset		Collateral Received/PledgedNet
Amount
June 30, 2025
Derivative Assets
Subject to master netting arrangement$69 $— $69 $47 $20 $2 
Not subject to master netting arrangement53 — 53 
Total$122 $— $122 

Derivative Liabilities
Subject to master netting arrangement$53 $— $53 $47 $6 $— 
Not subject to master netting arrangement182 — 182 
Total$235 $— $235 

December 31, 2024
Derivative Assets
Subject to master netting arrangement$96 $— $96 $16 $80 $— 
Not subject to master netting arrangement16 — 16 
Total$112 $— $112 

Derivative Liabilities
Subject to master netting arrangement$22 $— $22 $16 $6 $— 
Not subject to master netting arrangement287 — 287 
Total$309 $— $309 
Schedule of Offsetting Liabilities
The following table presents a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the Consolidated Balance Sheets to the net amounts that would result in the event of offset: Swap derivative transactions with customers are generally secured by rights to non-financial collateral, such as real and personal property, which is not shown in the table below.
TABLE 10.5
  Gross Amounts Not Offset in the Consolidated Balance Sheets 
(in millions)Gross Amount RecognizedGross Amount Offset in the Consolidated Balance SheetsNet Amount
Presented in
the Consolidated Balance
Sheets		Financial
Instruments Available for Offset		Collateral Received/PledgedNet
Amount
June 30, 2025
Derivative Assets
Subject to master netting arrangement$69 $— $69 $47 $20 $2 
Not subject to master netting arrangement53 — 53 
Total$122 $— $122 

Derivative Liabilities
Subject to master netting arrangement$53 $— $53 $47 $6 $— 
Not subject to master netting arrangement182 — 182 
Total$235 $— $235 

December 31, 2024
Derivative Assets
Subject to master netting arrangement$96 $— $96 $16 $80 $— 
Not subject to master netting arrangement16 — 16 
Total$112 $— $112 

Derivative Liabilities
Subject to master netting arrangement$22 $— $22 $16 $6 $— 
Not subject to master netting arrangement287 — 287 
Total$309 $— $309