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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The following table presents assets and liabilities measured at estimated fair value on a recurring basis as of December 31:
 20242023
 Level 1Level 2
Level 3 (1)
Total
Estimated Fair Value
Level 1Level 2
Level 3 (1)
Total
Estimated Fair Value
 (In millions)
Recurring fair value measurements
Debt securities available for sale:
U.S. Treasury securities$2,003 $— $— $2,003 $1,223 $— $— $1,223 
Federal agency securities— 444 — 444 — 1,043 — 1,043 
Obligations of states and political subdivisions— — — — 
Mortgage-backed securities:
Residential agency— 18,945 — 18,945 — 17,372 — 17,372 
Commercial agency— 4,090 — 4,090 — 7,307 — 7,307 
Commercial non-agency— 82 — 82 — 83 — 83 
Corporate and other debt securities— 655 658 — 1,073 1,074 
Total debt securities available for sale$2,003 $24,218 $$26,224 $1,223 $26,880 $$28,104 
Loans held for sale$— $234 $— $234 $— $201 $— $201 
Marketable equity securities in other earning assets$819 $— $— $819 $813 $— $— $813 
Residential mortgage servicing rights$— $— $1,007 $1,007 $— $— $906 $906 
Commercial mortgage servicing rights through non-DUS agency programs
$— $— $97 $97 $— $— $81 $81 
Derivative assets (2):
Interest rate swaps$— $1,634 $— $1,634 $— $1,813 $— $1,813 
Interest rate options— 30 35 — 83 87 
Interest rate futures and forward commitments— — — — 
Other contracts13 126 — 139 — 198 — 198 
Total derivative assets$13 $1,798 $$1,816 $— $2,101 $$2,105 
Derivative liabilities (2):
Interest rate swaps$— $2,411 $— $2,411 $— $2,419 $— $2,419 
Interest rate options— 30 — 30 — 70 — 70 
Interest rate futures and forward commitments— — — 12 — 12 
Other contracts103 — 106 — 189 190 
Total derivative liabilities$$2,548 $— $2,551 $— $2,690 $$2,691 
Securities sold, but not yet purchased
$147 $— $— $147 $— $— $— $— 
_________
(1)All following disclosures related to Level 3 recurring assets do not include those deemed to be immaterial.
(2)As permitted under U.S. GAAP, variation margin collateral payments made or received for derivatives that are centrally cleared are legally characterized as settled. As such, these derivative assets and derivative liabilities and the related variation margin collateral are presented on a net basis on the balance sheet.
Summary Of Quantitative Information About Level 3 Measurements
The following tables present detailed information regarding material assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of December 31, 2024 and 2023. The tables include the valuation techniques and the significant unobservable inputs utilized. The range of each significant unobservable input as well as the weighted-average within the range utilized at December 31, 2024 and 2023 are included. Following the tables are descriptions of the valuation techniques and the sensitivity of the techniques to changes in the significant unobservable inputs.
 December 31, 2024
 Level 3
Estimated Fair Value
Valuation
Technique
Unobservable
Input(s)
Quantitative Range of
Unobservable Inputs and
(Weighted-Average)
 (Dollars in millions)
Recurring fair value measurements:
Residential mortgage servicing rights (1)
$1,007Discounted cash flowWeighted-average CPR (%)
4.6% - 23.1% (8.0%)
OAS (%)
4.8% - 7.7% (5.1%)
Commercial mortgage servicing rights through non-DUS agency programs (1)
$97Discounted cash flowWeighted-average CPR (%)
5.4% - 10.6% 7.7%%)
Discount rate (%)
7.0% - 8.0% (7.1%)

 December 31, 2023
 Level 3
Estimated Fair Value
Valuation
Technique
Unobservable
Input(s)
Quantitative Range of
Unobservable Inputs and
(Weighted-Average)
 (Dollars in millions)
Recurring fair value measurements:
Residential mortgage servicing rights (1)
$906Discounted cash flowWeighted-average CPR (%)
5.6% - 21.5% (8.2%)
OAS (%)
4.5% -8.2% (4.8%)
Commercial mortgage servicing rights through non-DUS agency programs (1)
$81Discounted cash flowWeighted-average CPR (%)
5.4% - 11.5% (8.1%)
Discount rate (%)
7.0% -8.0% (7.1%)
_______
(1)See Note 6 for additional disclosures related to assumptions used in the fair value calculations for residential and commercial mortgage servicing rights.
Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments
The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments as of December 31, 2024 are as follows:
 2024
 Carrying
Amount
Estimated
Fair
Value(1)
Level 1Level 2Level 3
 (In millions)
Financial assets:
Cash and cash equivalents$10,712 $10,712 $10,712 $— $— 
Debt securities held to maturity4,427 4,226 — 4,226 — 
Debt securities available for sale26,224 26,224 2,003 24,218 
Loans held for sale594 594 — 594 — 
Loans (excluding leases), net of unearned income and allowance for loan losses(2)(3)
93,424 89,907 — — 89,907 
Other earning assets1,616 1,616 819 797 — 
Derivative assets1,816 1,816 13 1,798 
Financial liabilities:
Derivative liabilities2,551 2,551 2,548 — 
Deposits with no stated maturity(4)
111,883 111,883 — 111,883 — 
Time deposits(4)
15,720 15,694 — 15,694 — 
Short-term borrowings500 500 — 500 — 
Long-term borrowings5,993 6,059 — 6,058 
Loan commitments and letters of credit149 149 — — 149 
_________
(1)Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred.
(2)The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value discount on the loan portfolio's net carrying amount at December 31, 2024 was $3.5 billion or 3.8 percent.
(3)Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.7 billion at December 31, 2024.
(4)The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, and money market accounts is the amount payable on demand at the reporting date (i.e., the carrying amount) as these instruments have an indeterminate maturity date. Fair values for time deposits are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates.
The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company's financial instruments as of December 31, 2023 are as follows:
 2023
 Carrying
Amount
Estimated
Fair
Value(1)
Level 1Level 2Level 3
 (In millions)
Financial assets:
Cash and cash equivalents$6,801 $6,801 $6,801 $— $— 
Debt securities held to maturity754 716 — 716 — 
Debt securities available for sale28,104 28,104 1,223 26,880 
Loans held for sale400 400 — 397 
Loans (excluding leases), net of unearned income and allowance for loan losses(2)(3)
95,141 91,352 — — 91,352 
Other earning assets 1,417 1,417 813 604 — 
Derivative assets2,105 2,105 — 2,101 
Financial liabilities:
Derivative liabilities2,691 2,691 — 2,690 
Deposits with no stated maturity(4)
112,816 112,816 — 112,816 — 
Time deposits(4)
14,972 14,905 — 14,905 — 
Long-term borrowings2,330 2,319 — 2,318 
Loan commitments and letters of credit156 156 — — 156 
_________
(1)Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred.
(2)The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value discount on the loan portfolio's net carrying amount at December 31, 2023 was $3.8 billion or 4.0 percent.
(3)Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.7 billion at December 31, 2023.
(4)The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, and money market accounts is the amount payable on demand at the reporting date (i.e., the carrying amount) as these instruments have an indeterminate maturity date. Fair values for time deposits are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates.