v3.26.3
Securities Financing Activities (Tables)
 9 Months Ended
Sep. 30, 2026
Offsetting [Abstract]  
Offsetting Assets The following table presents the Company's securities financing transactions, including those executed under master netting (or similar) arrangements. Refer to “Note 14. Derivative Financial Instruments” for information about the Company's derivative instruments subject to master netting (or similar) arrangements.
September 30, 2026
(Dollars in millions)Amount in Consolidated Balance SheetsAmount Not Offset in Consolidated Balance Sheets
Financial Instruments Received/Pledged(1)
Net Amount
Assets:
Securities purchased under agreements to resell$1,758 $— $(1,747)$11 
Securities borrowed2,145 — (2,107)38 
Total securities borrowed or purchased under agreements to resell$3,903 $— $(3,854)$49 
Liabilities:
Securities sold under agreements to repurchase$(1,545)$— $1,545 $— 
December 31, 2025
Amount in Consolidated Balance SheetsAmount Not Offset in Consolidated Balance Sheets
Financial Instruments Received/Pledged(1)
Net Amount
Assets:
Securities purchased under agreements to resell$1,313 $(78)$(1,223)$12 
Securities borrowed1,887 — (1,835)52 
Total securities borrowed or purchased under agreements to resell$3,200 $(78)$(3,058)$64 
Liabilities:
Securities sold under agreements to repurchase$(3,103)$78 $3,025 $— 
(1)The fair value of received/pledged financial instruments is limited to the carrying amount of the associated asset or liability. The fair value of securities received that was permitted to be resold or repledged was $3.9 billion as of September 30, 2026 and $3.1 billion as of December 31, 2025. Of the fair value of securities permitted to be resold or repledged, the fair value of securities repledged or resold was $2.4 billion as of September 30, 2026 and $2.2 billion as of December 31, 2025.
Offsetting Liabilities The following table presents the Company's securities financing transactions, including those executed under master netting (or similar) arrangements. Refer to “Note 14. Derivative Financial Instruments” for information about the Company's derivative instruments subject to master netting (or similar) arrangements.
September 30, 2026
(Dollars in millions)Amount in Consolidated Balance SheetsAmount Not Offset in Consolidated Balance Sheets
Financial Instruments Received/Pledged(1)
Net Amount
Assets:
Securities purchased under agreements to resell$1,758 $— $(1,747)$11 
Securities borrowed2,145 — (2,107)38 
Total securities borrowed or purchased under agreements to resell$3,903 $— $(3,854)$49 
Liabilities:
Securities sold under agreements to repurchase$(1,545)$— $1,545 $— 
December 31, 2025
Amount in Consolidated Balance SheetsAmount Not Offset in Consolidated Balance Sheets
Financial Instruments Received/Pledged(1)
Net Amount
Assets:
Securities purchased under agreements to resell$1,313 $(78)$(1,223)$12 
Securities borrowed1,887 — (1,835)52 
Total securities borrowed or purchased under agreements to resell$3,200 $(78)$(3,058)$64 
Liabilities:
Securities sold under agreements to repurchase$(3,103)$78 $3,025 $— 
(1)The fair value of received/pledged financial instruments is limited to the carrying amount of the associated asset or liability. The fair value of securities received that was permitted to be resold or repledged was $3.9 billion as of September 30, 2026 and $3.1 billion as of December 31, 2025. Of the fair value of securities permitted to be resold or repledged, the fair value of securities repledged or resold was $2.4 billion as of September 30, 2026 and $2.2 billion as of December 31, 2025.
Repurchase Agreements
The following table presents additional information related to the Company’s securities sold under agreements to repurchase, by collateral type and remaining contractual maturity:

September 30, 2026December 31, 2025
(Dollars in millions)Overnight and ContinuousUp to 30 daysTotalOvernight and ContinuousUp to 30 daysTotal
U.S. Treasury$— $— $— $78 $— $78 
State and Municipal
54 — 54 100 — 100 
Agency MBS – residential
— 695 695 — 298 298 
Corporate and other debt securities296 500 796 300 2,327 2,627 
Total securities sold under agreements to repurchase$350 $1,195 $1,545 $478 $2,625 $3,103