Quarterly report [Sections 13 or 15(d)]

Securitizations and Other Variable Interest Entities - Mortgage and Home Equity Securitizations (Details)

v3.25.3
Securitizations and Other Variable Interest Entities - Mortgage and Home Equity Securitizations (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
On-balance sheet assets            
Trading account assets $ 335,566   $ 314,460      
Debt securities carried at fair value 404,636   358,607      
Held-to-maturity securities 531,449   558,713      
Loans and leases 1,165,900   1,095,835      
Allowance for loan and lease losses (13,252) $ (13,291) (13,240) $ (13,251) $ (13,238) $ (13,342)
All other assets 168,755   162,056      
Total assets 3,403,716   3,261,519 $ 3,324,293    
Total liabilities 3,099,564   2,965,960      
Consolidated VIEs            
On-balance sheet assets            
Trading account assets 6,063   5,575      
Loans and leases 18,007   19,144      
Allowance for loan and lease losses (889)   (919)      
All other assets 614   319      
Total assets 23,795   24,119      
Total liabilities 13,422   11,807      
Agency | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 6,983   7,353      
On-balance sheet assets            
All other assets 0   0      
Total assets 6,983   7,353      
Principal balance outstanding 66,385   69,018      
Agency | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 601   1,132      
On-balance sheet assets            
Trading account assets 601   1,132      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 601   1,132      
Total liabilities 0   0      
Agency | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 181   126      
Debt securities carried at fair value 2,098   2,222      
Held-to-maturity securities 4,704   5,005      
Residential Mortgage | Prime and Alt-A | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 9   84      
On-balance sheet assets            
All other assets 2   3      
Total assets 9   13      
Principal balance outstanding 11,544   12,590      
Residential Mortgage | Prime and Alt-A | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0   0      
On-balance sheet assets            
Trading account assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 0   0      
Total liabilities 0   0      
Residential Mortgage | Prime and Alt-A | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 7   10      
Debt securities carried at fair value 0   0      
Held-to-maturity securities 0   0      
Residential Mortgage | Subprime | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 503   301      
On-balance sheet assets            
All other assets 14   23      
Total assets 436   451      
Principal balance outstanding 4,070   4,180      
Residential Mortgage | Subprime | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 28   0      
On-balance sheet assets            
Trading account assets 252   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 252   0      
Total liabilities 224   0      
Residential Mortgage | Subprime | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 7   12      
Debt securities carried at fair value 415   416      
Held-to-maturity securities 0   0      
Home equity | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0   0      
On-balance sheet assets            
All other assets 0   0      
Total assets 0   0      
Principal balance outstanding 161   187      
Home equity | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 9   10      
On-balance sheet assets            
Trading account assets 0   0      
Loans and leases 17   22      
Allowance for loan and lease losses 5   6      
All other assets 1   1      
Total assets 23   29      
Total liabilities 14   19      
Home equity | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 0   0      
Debt securities carried at fair value 0   0      
Held-to-maturity securities 0   0      
Commercial Mortgage            
On-balance sheet assets            
Debt securities carried at fair value 32,034          
Commercial Mortgage | Unconsolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 1,757   1,640      
On-balance sheet assets            
All other assets 39   41      
Total assets 1,594   1,541      
Principal balance outstanding 88,411   90,222      
Commercial Mortgage | Consolidated VIEs            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0   0      
On-balance sheet assets            
Trading account assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other assets 0   0      
Total assets 0   0      
Total liabilities 0   0      
Commercial Mortgage | Senior securities: | Unconsolidated VIEs            
On-balance sheet assets            
Trading account assets 470   328      
Debt securities carried at fair value 0   0      
Held-to-maturity securities $ 1,085   $ 1,172