The Bank of New York Mellon Corporation (BK) 10-Q 7 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2019shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-35651
Entity Registrant Name	THE BANK OF NEW YORK MELLON CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-2614959
Entity Address, Address Line One	240 Greenwich Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10286
City Area Code	212
Local Phone Number	495-1784
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (shares)	942,662,027
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001390777
Amendment Flag	false
Common Stock, $0.01 par value | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	BK
Security Exchange Name	NYSE
Series C Noncumulative Perpetual Preferred Stock | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing 1/4,000th of a share of Series C Noncumulative Preferred Stock
Trading Symbol	BK PrC
Security Exchange Name	NYSE
6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV | New York Stock Exchange
Entity Information [Line Items]
Title of 12(b) Security	6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV
Trading Symbol	BK/P
Security Exchange Name	NYSE

Consolidated Income Statement (

Consolidated Income Statement (unaudited) - USD ($) shares in Thousands, $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Fee and other revenue
Asset servicing fees		$ 1,141	$ 1,122	$ 1,157	$ 2,263	$ 2,325
Clearing services fees	[1]	410	398	401	808	825
Issuer services fees		291	251	266	542	526
Treasury services fees		140	132	140	272	278
Total investment services fees	[1]	1,982	1,903	1,964	3,885	3,954
Investment management and performance fees	[1]	833	841	901	1,674	1,851
Foreign exchange and other trading revenue		166	170	187	336	396
Financing-related fees		50	51	53	101	105
Distribution and servicing		31	31	34	62	70
Investment and other income		43	35	70	78	152
Total fee revenue		3,105	3,031	3,209	6,136	6,528
Net securities gains (losses) — including other-than-temporary impairment		8	1	1	9	(48)
Noncredit-related portion of other-than-temporary impairment (recognized in other comprehensive income)		1	0	0	1	0
Total net securities gains (losses)		7	1	1	8	(48)
Total fee and other revenue		3,112	3,032	3,210	6,144	6,480
Operations of consolidated investment management funds
Investment income		10	26	13	36	2
Interest of investment management fund note holders		0	0	1	0	1
Income from consolidated investment management funds		10	26	12	36	1
Net interest revenue
Interest revenue		1,965	1,920	1,553	3,885	2,934
Interest expense		1,163	1,079	637	2,242	1,099
Net interest revenue		802	841	916	1,643	1,835
Total revenue		3,924	3,899	4,138	7,823	8,316
Provision for credit losses		(8)	7	(3)	(1)	(8)
Noninterest expense
Staff		1,421	1,524	1,489	2,945	3,065
Professional, legal and other purchased services		337	325	328	662	619
Software and equipment		304	283	266	587	500
Net occupancy		138	137	156	275	295
Sub-custodian and clearing		115	105	110	220	229
Distribution and servicing		94	91	106	185	212
Business development		56	45	62	101	113
Bank assessment charges		31	31	47	62	99
Amortization of intangible assets		30	29	48	59	97
Other		121	129	135	250	257
Total noninterest expense		2,647	2,699	2,747	5,346	5,486
Income
Income before income taxes		1,285	1,193	1,394	2,478	2,838
Provision for income taxes		264	237	286	501	568
Net income		1,021	956	1,108	1,977	2,270
Net (income) loss attributable to noncontrolling interests (includes $(4), $(10), $(7), $(14) and $4 related to consolidated investment management funds, respectively)		(4)	(10)	(5)	(14)	4
Net income applicable to shareholders of The Bank of New York Mellon Corporation		1,017	946	1,103	1,963	2,274
Preferred stock dividends		(48)	(36)	(48)	(84)	(84)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation		969	910	1,055	1,879	2,190
Net income applicable to common shareholders of The Bank of New York Mellon Corporation used for the earnings per share calculation
Net income applicable to common shareholders of The Bank of New York Mellon Corporation		969	910	1,055	1,879	2,190
Less: Earnings allocated to participating securities		4	5	7	9	15
Net income applicable to common shareholders of The Bank of New York Mellon Corporation after required adjustment for the calculation of basic and diluted earnings per common share		$ 965	$ 905	$ 1,048	$ 1,870	$ 2,175
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation
Basic (shares)		951,281	962,397	1,010,179	956,887	1,013,507
Common stock equivalents (shares)		3,891	6,071	6,451	4,894	7,277
Less: Participating securities (shares)		(1,244)	(2,508)	(2,273)	(1,824)	(2,764)
Diluted (shares)		953,928	965,960	1,014,357	959,957	1,018,020
Anti-dilutive securities (shares)	[2]	3,999	5,550	7,208	4,704	7,203
Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation
Basic (usd per share)		$ 1.01	$ 0.94	$ 1.04	$ 1.95	$ 2.15
Diluted (usd per share)		$ 1.01	$ 0.94	$ 1.03	$ 1.95	$ 2.14
[1]	In the first quarter of 2019, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified.
[2]	Represents stock options, restricted stock, restricted stock units and participating securities outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.

Consolidated Income Statement_2

Consolidated Income Statement (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net (income) loss attributable to noncontrolling interests	$ (4)	$ (10)	$ (5)	$ (14)	$ 4
Investment Management
Net (income) loss attributable to noncontrolling interests	$ 4	$ 10	$ 7	$ (14)	$ 4

Consolidated Comprehensive Inco

Consolidated Comprehensive Income Statement (unaudited) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income		$ 1,021	$ 956	$ 1,108	$ 1,977	$ 2,270
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		10	29	(400)	39	(156)
Unrealized gain (loss) on assets available-for-sale:
Unrealized gain (loss) arising during the period		287	239	(64)	526	(339)
Reclassification adjustment		(5)	(1)	0	(6)	37
Total unrealized gain (loss) on assets available-for-sale		282	238	(64)	520	(302)
Defined benefit plans:
Net (loss) arising during the period		0	(9)	0	(9)	0
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost		10	10	16	20	33
Total defined benefit plans		10	1	16	11	33
Net unrealized gain (loss) on cash flow hedges		0	5	(14)	5	(16)
Total other comprehensive income (loss) income, net of tax	[1]	302	273	(462)	575	(441)
Total comprehensive income		1,323	1,229	646	2,552	1,829
Net (income) loss attributable to noncontrolling interests		(4)	(10)	(5)	(14)	4
Other comprehensive (income) loss attributable to noncontrolling interests		0	(2)	10	(2)	5
Comprehensive income applicable to shareholders of The Bank of New York Mellon Corporation		1,319	1,217	651	2,536	1,838
Other comprehensive (loss) income attributable to The Bank of New York Mellon Corporation shareholders		$ 302	$ 271	$ (452)	$ 573	$ (436)
[1]	Other comprehensive income (loss) attributable to The Bank of New York Mellon Corporation shareholders was $302 million for the quarter ended June 30, 2019 , $271 million for the quarter ended March 31, 2019 , $(452) million for the quarter ended June 30, 2018 , $573 million for the six months ended June 30, 2019 and $(436) million for the six months ended June 30, 2018 .

Consolidated Balance Sheet (una

Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions		Jun. 30, 2019		Dec. 31, 2018
Securities:
Held-to-maturity (fair value of $34,695 and $33,302)		$ 34,549		$ 33,982
Available-for-sale		85,593		85,809
Loans		52,396		56,564
Allowance for loan losses		(146)
Goodwill		17,337		17,350
Intangible assets		3,160		3,220
Other assets (includes $591 and $742, at fair value)		23,737		21,298
Total assets		381,168		362,873
Deposits:
Total liabilities		339,333		322,005
Temporary equity
Redeemable noncontrolling interests		136		129
Permanent equity
Preferred stock – par value $0.01 per share; authorized 100,000,000 shares; issued 35,826 and 35,826 shares		3,542		3,542
Common stock – par value $0.01 per share; authorized 3,500,000,000 shares; issued 1,372,971,577 and 1,364,877,915 shares		14		14
Additional paid-in capital		27,406		27,118
Retained earnings		30,081		28,652
Accumulated other comprehensive loss, net of tax		(2,688)		(3,171)
Less: Treasury stock of 430,309,550 and 404,452,246 common shares, at cost		(16,822)		(15,517)
Total The Bank of New York Mellon Corporation shareholders’ equity		41,533		40,638
Nonredeemable noncontrolling interests of consolidated investment management funds		166		101
Total permanent equity	[2]	41,699	[1]	40,739	[3]
Total liabilities, temporary equity and permanent equity		381,168		362,873
Investment Management funds
Securities:
Trading assets		314		243
Assets of consolidated investment management funds, at fair value		337		463
Deposits:
Liabilities of consolidated investment management funds, at fair value		6		2
Operating segments
Assets
Cash and due from banks		5,556		5,864
Interest-bearing deposits with the Federal Reserve and other central banks		69,700		67,988
Interest-bearing deposits with banks ($2,036 and $2,394 is restricted)		15,491		14,148
Federal funds sold and securities purchased under resale agreements		61,201		46,795
Securities:
Held-to-maturity (fair value of $34,695 and $33,302)		34,549		33,982
Available-for-sale		85,593		85,809
Total securities		120,142		119,791
Trading assets		8,629		7,035
Loans		52,396		56,564
Allowance for loan losses		(146)		(146)
Net loans		52,250		56,418
Premises and equipment		2,970		1,832
Accrued interest receivable		658		671
Goodwill		17,337		17,350
Intangible assets		3,160		3,220
Other assets (includes $591 and $742, at fair value)		23,737		21,298
Total assets		380,831		362,410
Deposits:
Noninterest-bearing (principally U.S. offices)		58,255		70,783
Interest-bearing deposits in U.S. offices		88,395		74,904
Interest-bearing deposits in non-U.S. offices		106,227		93,091
Total deposits		252,877		238,778
Federal funds purchased and securities sold under repurchase agreements		11,757		14,243
Trading liabilities		3,768		3,479
Payables to customers and broker-dealers		18,946		19,731
Commercial paper		8,894		1,939
Other borrowed funds		1,921		3,227
Accrued taxes and other expenses		5,045		5,669
Other liabilities (including allowance for lending-related commitments of $95 and $106, also includes $335 and $88, at fair value)		7,916		5,774
Long-term debt (includes $383 and $371, at fair value)		28,203		29,163
Total liabilities		339,327		322,003
Operating segments | Investment Management funds
Securities:
Assets of consolidated investment management funds, at fair value		337		463
Deposits:
Liabilities of consolidated investment management funds, at fair value		$ 6		$ 2
[1]	(a) Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,683 million at March 31, 2019 and $37,991 million at June 30, 2019
[2]	Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,096 million at Dec. 31, 2018 and $37,991 million at June 30, 2019 .
[3]	(a) Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,096 million at Dec. 31, 2018 and $37,683 million at March 31, 2019 .

Consolidated Balance Sheet (u_2

Consolidated Balance Sheet (unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Restricted cash	$ 2,000	$ 2,000
Held-to-maturity, fair value	34,695	33,302
Long-term debt, fair value	$ 383	$ 371
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	100,000,000	100,000,000
Preferred stock, issued (shares)	35,826	35,826
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, authorized (shares)	3,500,000,000	3,500,000,000
Common stock, issued (shares)	1,372,971,577	1,364,877,915
Treasury stock, common shares (shares)	430,309,550	404,452,246
Operating segments
Restricted cash	$ 2,036	$ 2,394
Held-to-maturity, fair value	34,695	33,302
Other assets, fair value	591	742
Other liabilities, allowance for lending related commitments	95	106
Other liabilities, fair value	335	88
Long-term debt, fair value	$ 383	$ 371

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities
Net income	$ 1,977	$ 2,270
Net (income) loss attributable to noncontrolling interests	(14)	4
Net income applicable to shareholders of The Bank of New York Mellon Corporation	1,963	2,274
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Provision for credit losses	(1)	(8)
Pension plan contributions	(22)	(19)
Depreciation and amortization	635	677
Deferred tax (benefit)	(110)	(230)
Net securities (gains) losses	(8)	48
Change in trading assets and liabilities	(1,306)	(462)
Change in accruals and other, net	(3,665)	(712)
Net cash (used for) provided by operating activities	(2,514)	1,568
Investing activities
Change in interest-bearing deposits with banks	(1,618)	(4,592)
Change in interest-bearing deposits with the Federal Reserve and other central banks	(1,714)	15,583
Purchases of securities held-to-maturity	(3,739)	(2,944)
Paydowns of securities held-to-maturity	2,078	2,099
Maturities of securities held-to-maturity	1,380	5,535
Purchases of securities available-for-sale	(21,503)	(17,550)
Sales of securities available-for-sale	6,346	4,867
Paydowns of securities available-for-sale	3,226	3,871
Maturities of securities available-for-sale	14,143	3,767
Net change in loans	4,116	3,699
Sales of loans and other real estate	52	6
Change in federal funds sold and securities purchased under resale agreements	(14,401)	1,638
Net change in seed capital investments	25	15
Purchases of premises and equipment/capitalized software	(717)	(505)
Dispositions, net of cash	0	84
Other, net	940	(359)
Net cash (used for) provided by investing activities	(11,386)	15,214
Financing activities
Change in deposits	14,255	(12,270)
Change in federal funds purchased and securities sold under repurchase agreements	(2,486)	(1,963)
Change in payables to customers and broker-dealers	(778)	(1,051)
Change in other borrowed funds	(1,328)	(5)
Change in commercial paper	6,955	(567)
Net proceeds from the issuance of long-term debt	1,248	2,991
Repayments of long-term debt	(2,750)	(2,200)
Proceeds from the exercise of stock options	35	70
Issuance of common stock	16	20
Treasury stock acquired	(1,305)	(1,295)
Common cash dividends paid	(540)	(491)
Preferred cash dividends paid	(84)	(84)
Other, net	7	10
Net cash provided by (used for) financing activities	13,245	(16,835)
Effect of exchange rate changes on cash	(11)	(60)
Change in cash and due from banks and restricted cash
Change in cash and due from banks and restricted cash	(666)	(113)
Cash and due from banks and restricted cash at beginning of period	8,258	7,133
Cash and due from banks and restricted cash at end of period	7,592	7,020
Cash and due from banks and restricted cash at end of period	8,258	7,133
Supplemental disclosures
Interest paid	2,238	1,046
Income taxes paid	461	436
Income taxes refunded	$ 347	$ 57

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity (unaudited) - USD ($) $ in Millions	Total		Preferred stock	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive (loss), net of tax	Treasury stock	Non-redeemable noncontrolling interests of consolidated investment management funds	Redeemable non- controlling interests/ temporary equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustment for the cumulative effect of applying the ASU | ASU 2014-09	$ (55)					$ (55)
Adjustment for the cumulative effect of applying the ASU | ASU 2017-12	25					27	$ (2)
Adjusted balance	41,537		$ 3,542	$ 14	$ 26,665	25,607	(2,359)	$ (12,248)	$ 316	$ 179
Common stock issued under:
The Bank of New York Mellon Corporation shareholders’ equity				37,709
Beginning Balance at Dec. 31, 2017	41,567	[1]	3,542	14	26,665	25,635	(2,357)	(12,248)	316	179
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued to shareholders of noncontrolling interests										34
Redemption of subsidiary shares from noncontrolling interests										(32)
Other net changes in noncontrolling interests	(273)				(13)				(260)	13
Net income (loss)	2,270					2,274			(4)
Other comprehensive income (loss)	(436)						(436)
Other comprehensive income (loss)	(5)									(5)
Dividends:
Common stock	(491)					(491)
Preferred stock	(84)					(84)
Repurchase of common stock	(1,295)							(1,295)
Common stock issued under:
Employee benefit plans	17				17
Direct stock purchase and dividend reinvestment plan	16				16
Stock awards and options exercised	296				296
Ending Balance at Jun. 30, 2018	41,557	[1],[2]	3,542	14	26,981	27,306	(2,795)	(13,543)	52	189
Common stock issued under:
The Bank of New York Mellon Corporation shareholders’ equity				38,186
Beginning Balance at Mar. 31, 2018	41,940	[2]	3,542	14	26,911	26,496	(2,343)	(12,892)	212	184
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued to shareholders of noncontrolling interests										17
Other net changes in noncontrolling interests	(169)				(2)				(167)	0
Net income (loss)	1,110					1,103			7	(2)
Other comprehensive income (loss)	(452)						(452)
Other comprehensive income (loss)	(10)									(10)
Dividends:
Common stock	(245)					(245)
Preferred stock	(48)					(48)
Repurchase of common stock	(651)							(651)
Common stock issued under:
Employee benefit plans	7				7
Direct stock purchase and dividend reinvestment plan	7				7
Stock awards and options exercised	58				58
Ending Balance at Jun. 30, 2018	41,557	[1],[2]	3,542	14	26,981	27,306	(2,795)	(13,543)	52	189
Common stock issued under:
The Bank of New York Mellon Corporation shareholders’ equity				37,963
Adjustment for the cumulative effect of applying the ASU | ASU 2018-02						90	(90)
Adjusted balance	40,739		3,542	14	27,118	28,742	(3,261)	(15,517)	101	129
The Bank of New York Mellon Corporation shareholders’ equity	40,638			37,096
Beginning Balance at Dec. 31, 2018	40,739	[3],[4]	3,542	14	27,118	28,652	(3,171)	(15,517)	101	129
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued to shareholders of noncontrolling interests										20
Redemption of subsidiary shares from noncontrolling interests										(7)
Other net changes in noncontrolling interests	30				19				11	(22)
Net income (loss)	956					946			10
Other comprehensive income (loss)	271						271
Other comprehensive income (loss)	2									2
Dividends:
Common stock	(270)					(270)
Preferred stock	(36)					(36)
Repurchase of common stock	(555)							(555)
Common stock issued under:
Employee benefit plans	10				10
Direct stock purchase and dividend reinvestment plan	11				11
Stock awards and options exercised	191				191
Ending Balance at Mar. 31, 2019	41,347	[3],[5]	3,542	14	27,349	29,382	(2,990)	(16,072)	122	122
Beginning Balance at Dec. 31, 2018	40,739	[3],[4]	3,542	14	27,118	28,652	(3,171)	(15,517)	101	129
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued to shareholders of noncontrolling interests										36
Redemption of subsidiary shares from noncontrolling interests										(7)
Other net changes in noncontrolling interests	72				21				51	(24)
Net income (loss)	1,977					1,963			14
Other comprehensive income (loss)	573						573
Other comprehensive income (loss)	2									2
Dividends:
Common stock	(540)					(540)
Preferred stock	(84)					(84)
Repurchase of common stock	(1,305)							(1,305)
Common stock issued under:
Employee benefit plans	16				16
Direct stock purchase and dividend reinvestment plan	11				11
Stock awards and options exercised	240				240
Ending Balance at Jun. 30, 2019	41,699	[4],[5]	3,542	14	27,406	30,081	(2,688)	(16,822)	166	136
Common stock issued under:
The Bank of New York Mellon Corporation shareholders’ equity				37,683
Beginning Balance at Mar. 31, 2019	41,347	[3],[5]	3,542	14	27,349	29,382	(2,990)	(16,072)	122	122
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued to shareholders of noncontrolling interests										16
Other net changes in noncontrolling interests	42				2				40	(2)
Net income (loss)	1,021					1,017			4
Other comprehensive income (loss)	302						302
Other comprehensive income (loss)	0									0
Dividends:
Common stock	(270)					(270)
Preferred stock	(48)					(48)
Repurchase of common stock	(750)							(750)
Common stock issued under:
Employee benefit plans	6				6
Stock awards and options exercised	49				49
Ending Balance at Jun. 30, 2019	41,699	[4],[5]	$ 3,542	14	$ 27,406	$ 30,081	$ (2,688)	$ (16,822)	$ 166	$ 136
Common stock issued under:
The Bank of New York Mellon Corporation shareholders’ equity	$ 41,533			$ 37,991
[1]	Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,709 million at Dec. 31, 2017 and $37,963 million at June 30, 2018 .
[2]	Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $38,186 million at March 31, 2018 and $37,963 million at June 30, 2018
[3]	(a) Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,096 million at Dec. 31, 2018 and $37,683 million at March 31, 2019 .
[4]	Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,096 million at Dec. 31, 2018 and $37,991 million at June 30, 2019 .
[5]	(a) Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,683 million at March 31, 2019 and $37,991 million at June 30, 2019

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Dividends on common stock, cash paid (usd per share)	$ 0.28	$ 0.28	$ 0.24	$ 0.56	$ 0.48

Basis of presentation

Basis of presentation	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation In this Quarterly Report on Form 10-Q, references to “our,” “we,” “us,” “BNY Mellon,” the “Company” and similar terms refer to The Bank of New York Mellon Corporation and its consolidated subsidiaries. The term “Parent” refers to The Bank of New York Mellon Corporation but not its subsidiaries. Basis of presentation The accounting and financial reporting policies of BNY Mellon, a global financial services company, conform to U.S. GAAP and prevailing industry practices. For information on our significant accounting and reporting policies, see Note 1 in our 2018 Annual Report. The accompanying consolidated financial statements are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of financial position, results of operations and cash flows for the periods presented have been made. These financial statements should be read in conjunction with our 2018 Annual Report. Certain immaterial reclassifications have been made to prior periods to place them on a basis comparable with the current period presentation. Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates based upon assumptions about future economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Amounts subject to estimates are items such as allowance for loan losses and lending-related commitments, fair value of financial instruments and derivatives, goodwill and other intangibles and litigation and regulatory contingencies. Among other effects, such changes in estimates could result in future impairments of goodwill and intangible assets and establishment of allowances for loan losses and lending-related commitments as well as accruals for litigation and regulatory contingencies.

Accounting changes and new acco

Accounting changes and new accounting guidance	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Accounting changes and new accounting guidance	Accounting changes and new accounting guidance The following accounting changes and new accounting guidance were adopted in the first quarter of 2019. ASU 2016-02, Leases In February 2016, the FASB issued an ASU, Leases . The primary objective of this ASU is to increase transparency and comparability by recognizing lease assets and liabilities on the balance sheet and expand related disclosures. This ASU requires a “right-of-use” asset and a payment obligation liability on the balance sheet for most leases and subleases. Additionally, depending on the lease classification under the standard, it may result in different expense recognition patterns and classification than under existing accounting principles. For leases classified as finance leases, it will result in higher expense recognition in the earlier periods and lower expense in the later periods of the lease. The Company adopted this guidance on Jan. 1, 2019 using the alternative transition method on a prospective basis and recognized right-of-use assets of $1.3 billion and lease liabilities of $1.5 billion on the consolidated balance sheet, both based on the present value of the expected remaining lease payments. See Note 6 for the disclosures required by this ASU. ASU 2018-02, Income Statement—Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In February 2018, the FASB issued an ASU, Income Statement—Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU permits a reclassification from accumulated other comprehensive income to retained earnings for the tax effects of items within accumulated other comprehensive income that do not reflect the lower statutory tax rate which was enacted by the 2017 U.S. tax legislation. BNY Mellon adopted this guidance in the first quarter of 2019, which resulted in a $90 million

Acquisitions and dispositions

Acquisitions and dispositions	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Acquisitions and dispositions	Acquisitions and dispositions We sometimes structure our acquisitions with both an initial payment and later contingent payments tied to post-closing revenue or income growth. Contingent payments were $2 million in the second quarter of 2019 and the first six months of 2019 . A t June 30, 2019 , we are potentially obligated to pay additional consideration which, using reasonable assumptions, could range from $4 million to $17 million over the next three years , but could be higher as certain of the arrangements do not contain a contractual maximum. The transactions described below did not have a material impact on BNY Mellon’s results of operations. Transactions in 2018 On Jan. 2, 2018, BNY Mellon completed the sale of CenterSquare, one of our Investment Management boutiques, and recorded a gain on this transaction. CenterSquare had approximately $10 billion in AUM in U.S. and global real estate and infrastructure investments. In addition, goodwill of $52 million was removed from the consolidated balance sheet as a result of this sale. On June 29, 2018, BNY Mellon completed the exchange of its majority equity interest in Amherst Capital Management LLC for a minority equity stake in Amherst Holdings LLC. Goodwill of $13 million was removed from the consolidated balance sheet and a gain was recorded as a result of this sale.

Securities

Securities	6 Months Ended
	Jun. 30, 2019
Securities [Abstract]
Securities	Securities The following tables present the amortized cost, the gross unrealized gains and losses and the fair value of securities at June 30, 2019 and Dec. 31, 2018 , respectively. Securities at June 30, 2019 Gross unrealized Amortized cost Fair value (in millions) Gains Losses Available-for-sale: Agency RMBS $ 26,225 $ 145 $ 166 $ 26,204 U.S. Treasury 13,805 424 32 14,197 Sovereign debt/sovereign guaranteed 12,184 161 3 12,342 Agency commercial MBS 9,499 194 15 9,678 Supranational 3,878 38 2 3,914 CLOs 3,665 1 17 3,649 Foreign covered bonds 3,385 17 4 3,398 U.S. government agencies 2,585 65 — 2,650 Other ABS 2,466 8 4 2,470 Non-agency commercial MBS 1,968 38 1 2,005 State and political subdivisions 1,253 28 1 1,280 Non-agency RMBS (a) 999 230 8 1,221 Corporate bonds 889 19 3 905 Other debt securities 1,671 9 — 1,680 Total securities available-for-sale (b) $ 84,472 $ 1,377 $ 256 $ 85,593 Held-to-maturity: Agency RMBS $ 26,591 $ 195 $ 127 $ 26,659 U.S. Treasury 4,467 24 9 4,482 U.S. government agencies 1,276 1 1 1,276 Agency commercial MBS 1,179 22 1 1,200 Sovereign debt/sovereign guaranteed 823 39 — 862 Non-agency RMBS 91 4 2 93 Foreign covered bonds 80 1 — 81 Supranational 25 — — 25 State and political subdivisions 17 — — 17 Total securities held-to-maturity $ 34,549 $ 286 $ 140 $ 34,695 Total securities $ 119,021 $ 1,663 $ 396 $ 120,288 (a) Includes $753 million that was included in the former Grantor Trust. (b) Includes gross unrealized gains of $36 million and gross unrealized losses of $76 million recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized gains and losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities. Securities at Dec. 31, 2018 Gross unrealized Amortized cost Fair value (in millions) Gains Losses Available-for-sale: Agency RMBS $ 25,594 $ 83 $ 369 $ 25,308 U.S. Treasury 20,190 96 210 20,076 Sovereign debt/sovereign guaranteed 10,663 108 21 10,750 Agency commercial MBS 9,836 16 161 9,691 CLOs 3,410 — 46 3,364 Supranational 2,985 7 8 2,984 Foreign covered bonds 2,890 7 19 2,878 State and political subdivisions 2,251 18 22 2,247 Other ABS 1,776 1 4 1,773 U.S. government agencies 1,676 5 24 1,657 Non-agency commercial MBS 1,491 1 28 1,464 Non-agency RMBS (a) 1,095 241 11 1,325 Corporate bonds 1,074 6 26 1,054 Other debt securities 1,236 6 4 1,238 Total securities available-for-sale (b) $ 86,167 $ 595 $ 953 $ 85,809 Held-to-maturity: Agency RMBS $ 25,507 $ 32 $ 632 $ 24,907 U.S. Treasury 4,727 3 77 4,653 U.S. government agencies 1,497 — 10 1,487 Agency commercial MBS 1,195 — 26 1,169 Sovereign debt/sovereign guaranteed 833 26 — 859 Non-agency RMBS 100 4 2 102 Foreign covered bonds 80 1 — 81 Supranational 26 1 — 27 State and political subdivisions 17 — — 17 Total securities held-to-maturity $ 33,982 $ 67 $ 747 $ 33,302 Total securities $ 120,149 $ 662 $ 1,700 $ 119,111 (a) Includes $832 million that was included in the former Grantor Trust. (b) Includes gross unrealized gains of $39 million and gross unrealized losses of $87 million recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized gains and losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities. The following table presents the realized gains, losses and impairments, on a gross basis. Net securities gains (losses) (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Realized gross gains $ 12 $ 5 $ 2 $ 17 $ 4 Realized gross losses (5 ) (4 ) (1 ) (9 ) (52 ) Recognized gross impairments — — — — — Total net securities gains (losses) $ 7 $ 1 $ 1 $ 8 $ (48 ) The following table presents pre-tax net securities gains (losses) by type. Net securities gains (losses) (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 U.S. Treasury $ 3 $ 1 $ — $ 4 $ (4 ) Sovereign debt/sovereign guaranteed 2 1 — 3 — State and political subdivisions 2 — 1 2 (1 ) Agency RMBS — — — — (42 ) Other — (1 ) — (1 ) (1 ) Total net securities gains (losses) $ 7 $ 1 $ 1 $ 8 $ (48 ) Temporarily impaired securities At June 30, 2019 , the gross unrealized losses on the securities portfolio were primarily attributable to an increase in interest rates from the date of purchase, and for certain securities that were transferred from available-for-sale to held-to-maturity, an increase in interest rates through the date they were transferred. Specifically, $76 million of the unrealized losses at June 30, 2019 and $87 million at Dec. 31, 2018 reflected in the available-for-sale sections of the tables below relate to certain securities (primarily Agency RMBS) that were transferred in prior periods from available-for-sale to held-to-maturity. The unrealized losses will be amortized into net interest revenue over the contractual lives of the securities. The transfer created a new cost basis for the securities. As a result, if these securities have experienced unrealized losses since the date of transfer, the corresponding fair value and unrealized losses would be reflected in the held-to-maturity sections of the following tables. We do not intend to sell these securities, and it is not more likely than not that we will have to sell these securities. The following tables show the aggregate fair value of securities with a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 months or more. Temporarily impaired securities at June 30, 2019 Less than 12 months 12 months or more Total Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses (in millions) Available-for-sale: Agency RMBS $ 9,070 $ 31 $ 7,410 $ 135 $ 16,480 $ 166 U.S. Treasury 74 1 2,961 31 3,035 32 Sovereign debt/sovereign guaranteed 1,680 1 738 2 2,418 3 Agency commercial MBS 2,353 6 1,030 9 3,383 15 Supranational 814 1 206 1 1,020 2 CLOs 1,346 4 1,134 13 2,480 17 Foreign covered bonds 568 1 707 3 1,275 4 Other ABS 1,053 4 31 — 1,084 4 Non-agency commercial MBS 414 1 38 — 452 1 State and political subdivisions — — 116 1 116 1 Non-agency RMBS (a) 26 — 121 8 147 8 Corporate bonds 26 — 238 3 264 3 Total securities available-for-sale (b) $ 17,424 $ 50 $ 14,730 $ 206 $ 32,154 $ 256 Held-to-maturity: Agency RMBS $ 623 $ 1 $ 12,922 $ 126 $ 13,545 $ 127 U.S. Treasury — — 2,066 9 2,066 9 U.S. government agencies 50 — 407 1 457 1 Agency commercial MBS — — 57 1 57 1 Non-agency RMBS 7 — 42 2 49 2 Total securities held-to-maturity $ 680 $ 1 $ 15,494 $ 139 $ 16,174 $ 140 Total temporarily impaired securities $ 18,104 $ 51 $ 30,224 $ 345 $ 48,328 $ 396 (a) Includes $6 million of securities with an unrealized loss of less than $1 million for less than 12 months and $3 million of securities with an unrealized loss of less than $1 million for 12 months or more that were included in the former Grantor Trust. (b) Includes gross unrealized losses of $76 million for 12 months or more recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities. There were no gross unrealized losses for less than 12 months. Temporarily impaired securities at Dec. 31, 2018 Less than 12 months 12 months or more Total (in millions) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Available-for-sale: Agency RMBS $ 6,678 $ 30 $ 9,250 $ 339 $ 15,928 $ 369 U.S. Treasury 6,126 23 6,880 187 13,006 210 Sovereign debt/sovereign guaranteed 2,185 8 988 13 3,173 21 Agency commercial MBS 4,505 50 3,082 111 7,587 161 CLOs 3,280 46 2 — 3,282 46 Supranational 974 2 481 6 1,455 8 Foreign covered bonds 1,058 7 736 12 1,794 19 State and political subdivisions 316 1 668 21 984 22 Other ABS 1,289 4 23 — 1,312 4 U.S. government agencies 513 4 673 20 1,186 24 Non-agency commercial MBS 1,015 14 362 14 1,377 28 Non-agency RMBS (a) 94 1 157 10 251 11 Corporate bonds 685 24 50 2 735 26 Other debt securities 397 1 256 3 653 4 Total securities available-for-sale (b) $ 29,115 $ 215 $ 23,608 $ 738 $ 52,723 $ 953 Held-to-maturity: Agency RMBS $ 4,602 $ 56 $ 17,107 $ 576 $ 21,709 $ 632 U.S. Treasury 157 2 4,343 75 4,500 77 U.S. government agencies — — 1,111 10 1,111 10 Agency commercial MBS 477 7 654 19 1,131 26 Non-agency RMBS 22 1 31 1 53 2 Total securities held-to-maturity $ 5,258 $ 66 $ 23,246 $ 681 $ 28,504 $ 747 Total temporarily impaired securities $ 34,373 $ 281 $ 46,854 $ 1,419 $ 81,227 $ 1,700 (a) Includes $22 million of securities with an unrealized loss of less than $1 million for less than 12 months and $3 million of securities with an unrealized loss of less than $1 million for 12 months or more that were included in the former Grantor Trust. (b) Includes gross unrealized losses of $87 million for 12 months or more recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities. There were no gross unrealized losses for less than 12 months. The following table shows the maturity distribution by carrying amount and yield (on a tax equivalent basis) of our securities portfolio. Maturity distribution and yields on securities at June 30, 2019 U.S. Treasury U.S. government agencies State and political subdivisions Other bonds, notes and debentures Mortgage/ asset-backed (dollars in millions) Amount Yield (a) Amount Yield (a) Amount Yield (a) Amount Yield (a) Amount Yield (a) Total Securities available-for-sale: One year or less $ 3,152 2.59 % $ 80 2.28 % $ 189 2.97 % $ 7,148 1.32 % $ — — % $ 10,569 Over 1 through 5 years 5,057 1.81 991 2.68 849 3.16 12,999 1.34 — — 19,896 Over 5 through 10 years 3,283 2.31 1,579 2.81 130 3.05 1,883 0.84 — — 6,875 Over 10 years 2,705 3.11 — — 112 2.96 209 1.78 — — 3,026 Mortgage-backed securities — — — — — — — — 39,108 3.18 39,108 Asset-backed securities — — — — — — — — 6,119 3.33 6,119 Total $ 14,197 2.35 % $ 2,650 2.74 % $ 1,280 3.10 % $ 22,239 1.30 % $ 45,227 3.20 % $ 85,593 Securities held-to-maturity: One year or less $ 1,556 1.48 % $ 333 1.31 % $ — — % $ 82 0.64 % $ — — % $ 1,971 Over 1 through 5 years 2,600 1.96 759 2.33 3 5.68 487 0.57 — — 3,849 Over 5 through 10 years 311 2.18 172 2.89 — — 359 0.81 — — 842 Over 10 years — — 12 3.25 14 4.76 — — — — 26 Mortgage-backed securities — — — — — — — — 27,861 2.98 27,861 Total $ 4,467 1.81 % $ 1,276 2.15 % $ 17 4.93 % $ 928 0.67 % $ 27,861 2.98 % $ 34,549 (a) Yields are based upon the amortized cost of securities. Other-than-temporary impairment For each security in the securities portfolio, a quarterly review is conducted to determine if an OTTI has occurred. See Note 1 of the Notes to Consolidated Financial Statements in our 2018 Annual Report for a discussion of the determination of OTTI. The following table reflects securities credit losses recorded in earnings. The beginning balance represents the credit loss component for which OTTI occurred on debt securities in prior periods. The additions represent the first time a debt security was credit impaired or when subsequent credit impairments have occurred. The deductions represent credit losses on securities that have been sold, are required to be sold, or for which it is our intention to sell. Debt securities credit loss roll forward (in millions) 2Q19 2Q18 Beginning balance as of March 31 $ 77 $ 80 Add: Initial OTTI credit losses — — Subsequent OTTI credit losses — — Less: Realized losses for securities sold — 1 Ending balance as of June 30 $ 77 $ 79 Debt securities credit loss roll forward (in millions) YTD19 YTD18 Beginning balance as of Dec. 31 $ 78 $ 84 Add: Initial OTTI credit losses — — Subsequent OTTI credit losses — — Less: Realized losses for securities sold 1 5 Ending balance as of June 30 $ 77 $ 79 Pledged assets At June 30, 2019 , BNY Mellon had pledged assets of $117 billion , including $90 billion pledged as collateral for potential borrowings at the Federal Reserve Discount Window and $7 billion pledged as collateral for borrowing at the FHLB. The components of the assets pledged at June 30, 2019 included $98 billion of securities, $14 billion of loans, $5 billion of trading assets and less than $1 billion of interest-bearing deposits with banks. If there has been no borrowing at the Federal Reserve Discount Window, the Federal Reserve generally allows banks to freely move assets in and out of their pledged assets account to sell or repledge the assets for other purposes. BNY Mellon regularly moves assets in and out of its pledged assets account at the Federal Reserve. At Dec. 31, 2018 , BNY Mellon had pledged assets of $120 billion , including $96 billion pledged as collateral for potential borrowing at the Federal Reserve Discount Window and $7 billion pledged as collateral for borrowing at the FHLB. The components of the assets pledged at Dec. 31, 2018 included $100 billion of securities, $15 billion of loans, $4 billion of trading assets and $1 billion of interest-bearing deposits with banks. At June 30, 2019 and Dec. 31, 2018 , pledged assets included $19 billion and $13 billion , respectively, for which the recipients were permitted to sell or repledge the assets delivered. We also obtain securities as collateral, including receipts under resale agreements, securities borrowed, derivative contracts and custody agreements on terms which permit us to sell or repledge the securities to others. At June 30, 2019 and Dec. 31, 2018 , the market value of the securities received that can be sold or repledged was $164 billion and $151 billion , respectively. We routinely sell or repledge these securities through delivery to third parties. As of June 30, 2019 and Dec. 31, 2018 , the market value of securities collateral sold or repledged was $101 billion and $101 billion , respectively. Restricted cash and securities Cash and securities may be segregated under federal and other regulations or requirements. At June 30, 2019 and Dec. 31, 2018 , cash segregated under federal and other regulations or requirements was $2 billion and $2 billion , respectively. Restricted cash is included in interest-bearing deposits with banks on the consolidated balance sheet. Securities segregated for these purposes were $2 billion at June 30, 2019 and $2 billion at Dec. 31, 2018

Loans and asset quality

Loans and asset quality	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Loans and asset quality	Loans and asset quality Loans The table below provides the details of our loan portfolio and industry concentrations of credit risk at June 30, 2019 and Dec. 31, 2018 . Loans June 30, 2019 Dec. 31, 2018 (in millions) Domestic: Commercial $ 1,452 $ 1,949 Commercial real estate 5,192 4,787 Financial institutions 4,574 5,091 Lease financings 662 706 Wealth management loans and mortgages 15,579 15,843 Other residential mortgages 549 594 Overdrafts 1,575 1,550 Other 1,122 1,181 Margin loans 10,152 13,343 Total domestic 40,857 45,044 Foreign: Commercial 285 183 Commercial real estate 7 — Financial institutions 6,948 6,492 Lease financings 563 551 Wealth management loans and mortgages 90 122 Other (primarily overdrafts) 3,196 4,031 Margin loans 450 141 Total foreign 11,539 11,520 Total loans (a) $ 52,396 $ 56,564 (a) Net of unearned income of $340 million at June 30, 2019 and $358 million at Dec. 31, 2018 primarily related to domestic and foreign lease financings. Our loan portfolio consists of three portfolio segments: commercial, lease financings and mortgages. We manage our portfolio at the class level, which consists of six classes of financing receivables: commercial, commercial real estate, financial institutions, lease financings, wealth management loans and mortgages, and other residential mortgages. The following tables are presented for each class of financing receivables and provide additional information about our credit risks and the adequacy of our allowance for credit losses. Allowance for credit losses Activity in the allowance for credit losses is summarized as follows. Allowance for credit losses activity for the quarter ended June 30, 2019 Wealth management loans and mortgages Other residential mortgages (in millions) Commercial Commercial real estate Financial institutions Lease financings All other Foreign Total Beginning balance $ 82 $ 74 $ 23 $ 4 $ 21 $ 15 $ — $ 29 $ 248 Charge-offs — — — — (1 ) — — — (1 ) Recoveries — — — — — 2 — — 2 Net (charge-offs) recoveries — — — — (1 ) 2 — — 1 Provision (5 ) (2 ) (2 ) — — (3 ) — 4 (8 ) Ending balance $ 77 $ 72 $ 21 $ 4 $ 20 $ 14 $ — $ 33 $ 241 Allowance for: Loan losses $ 23 $ 57 $ 8 $ 4 $ 17 $ 14 $ — $ 23 $ 146 Lending-related commitments 54 15 13 — 3 — — 10 95 Individually evaluated for impairment: Loan balance $ 96 $ — $ — $ — $ 16 $ — $ — $ — $ 112 Allowance for loan losses 10 — — — — — — — 10 Collectively evaluated for impairment: Loan balance $ 1,356 $ 5,192 $ 4,574 $ 662 $ 15,563 $ 549 $ 12,849 (a) $ 11,539 $ 52,284 Allowance for loan losses 13 57 8 4 17 14 — 23 136 (a) Includes $1,575 million of domestic overdrafts, $10,152 million of margin loans and $1,122 million of other loans at June 30, 2019 . Allowance for credit losses activity for the quarter ended March 31, 2019 Wealth management loans and mortgages Other residential mortgages (in millions) Commercial Commercial real estate Financial institutions Lease financings All other Foreign Total Beginning balance $ 81 $ 75 $ 22 $ 5 $ 21 $ 16 $ — $ 32 $ 252 Charge-offs (11 ) — — — — — — — (11 ) Recoveries — — — — — — — — — Net charge-offs (11 ) — — — — — — — (11 ) Provision 12 (1 ) 1 (1 ) — (1 ) — (3 ) 7 Ending balance $ 82 $ 74 $ 23 $ 4 $ 21 $ 15 $ — $ 29 $ 248 Allowance for: Loan losses $ 24 $ 56 $ 10 $ 4 $ 18 $ 15 $ — $ 19 $ 146 Lending-related commitments 58 18 13 — 3 — — 10 102 Individually evaluated for impairment: Loan balance $ 96 $ — $ — $ — $ 4 $ — $ — $ — $ 100 Allowance for loan losses 10 — — — — — — — 10 Collectively evaluated for impairment: Loan balance $ 1,626 $ 4,921 $ 4,652 $ 653 $ 15,724 $ 574 $ 13,913 (a) $ 11,324 $ 53,387 Allowance for loan losses 14 56 10 4 18 15 — 19 136 (a) Includes $654 million of domestic overdrafts, $12,107 million of margin loans and $1,152 million of other loans at March 31, 2019 . Allowance for credit losses activity for the quarter ended June 30, 2018 Wealth management loans and mortgages Other residential mortgages All other Foreign Total (in millions) Commercial Commercial real estate Financial institutions Lease financings Beginning balance $ 75 $ 75 $ 22 $ 7 $ 23 $ 19 $ — $ 35 $ 256 Charge-offs — — — — — — — — — Recoveries — — — — — 1 — — 1 Net recoveries — — — — — 1 — — 1 Provision 1 (1 ) 2 (1 ) — (2 ) — (2 ) (3 ) Ending balance $ 76 $ 74 $ 24 $ 6 $ 23 $ 18 $ — $ 33 $ 254 Allowance for: Loan losses $ 17 $ 55 $ 8 $ 6 $ 19 $ 18 $ — $ 22 $ 145 Lending-related commitments 59 19 16 — 4 — — 11 109 Individually evaluated for impairment: Loan balance $ — $ — $ — $ — $ 5 $ — $ — $ — $ 5 Allowance for loan losses — — — — — — — — — Collectively evaluated for impairment: Loan balance $ 2,117 $ 4,974 $ 5,526 $ 758 $ 16,186 $ 653 $ 17,173 (a) $ 10,384 $ 57,771 Allowance for loan losses 17 55 8 6 19 18 — 22 145 (a) Includes $1,090 million of domestic overdrafts, $14,914 million of margin loans and $1,169 million of other loans at June 30, 2018 . Allowance for credit losses activity for the six months ended June 30, 2019 Wealth management loans and mortgages Other All Foreign Total (in millions) Commercial Commercial Financial Lease Beginning balance $ 81 $ 75 $ 22 $ 5 $ 21 $ 16 $ — $ 32 $ 252 Charge-offs (11 ) — — — (1 ) — — — (12 ) Recoveries — — — — — 2 — — 2 Net (charge-offs) recoveries (11 ) — — — (1 ) 2 — — (10 ) Provision 7 (3 ) (1 ) (1 ) — (4 ) — 1 (1 ) Ending balance $ 77 $ 72 $ 21 $ 4 $ 20 $ 14 $ — $ 33 $ 241 Allowance for credit losses activity for the six months ended June 30, 2018 Wealth management loans and mortgages Other All Foreign Total (in millions) Commercial Commercial Financial Lease Beginning balance $ 77 $ 76 $ 23 $ 8 $ 22 $ 20 $ — $ 35 $ 261 Charge-offs — — — — — — — — — Recoveries — — — — — 1 — — 1 Net recoveries — — — — — 1 — — 1 Provision (1 ) (2 ) 1 (2 ) 1 (3 ) — (2 ) (8 ) Ending balance $ 76 $ 74 $ 24 $ 6 $ 23 $ 18 $ — $ 33 $ 254 Nonperforming assets The table below presents our nonperforming assets. Nonperforming assets (in millions) June 30, 2019 Dec. 31, 2018 Nonperforming loans: Commercial $ 96 $ — Other residential mortgages 65 67 Wealth management loans and mortgages 23 9 Total nonperforming loans 184 76 Other assets owned 2 3 Total nonperforming assets (a) $ 186 $ 79 (a) In the second quarter of 2019, we refined the application of our nonperforming assets policy for first lien residential mortgage loans greater than 90 days delinquent that resulted in a $12 million increase in nonperforming assets. At June 30, 2019 , undrawn commitments to borrowers whose loans were classified as nonaccrual or reduced rate were not material. Lost interest Interest revenue would have increased by $4 million in the second quarter of 2019 , $2 million in the first quarter of 2019 , $1 million in the second quarter of 2018 , $7 million in the first six months of 2019 and $2 million in the first six months of 2018 if nonperforming loans at period-end had been performing for the entire respective period. Impaired loans The tables below present information about our impaired loans. Impaired loans 2Q19 1Q19 2Q18 YTD19 YTD18 (in millions) Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Impaired loans with an allowance: Commercial $ 96 $ — $ 48 $ — $ — $ — $ 64 $ — $ — $ — Wealth management loans and mortgages — — — — 1 — — — 1 — Total impaired loans with an allowance 96 — 48 — 1 — 64 — 1 — Impaired loans without an allowance: (a) Wealth management loans and mortgages 10 — 4 — 4 — 8 — 4 — Total impaired loans $ 106 $ — $ 52 $ — $ 5 $ — $ 72 $ — $ 5 $ — (a) When the discounted cash flows, collateral value or market price equals or exceeds the carrying value of the loan, then the loan does not require an allowance under the accounting standard related to impaired loans. Impaired loans June 30, 2019 Dec. 31, 2018 (in millions) Recorded investment Unpaid principal balance Related allowance (a) Recorded investment Unpaid principal balance Related allowance (a) Impaired loans with an allowance: Commercial $ 96 $ 96 $ 10 $ — $ — $ — Impaired loans without an allowance: (b) Wealth management loans and mortgages 16 16 N/A 4 4 N/A Total impaired loans (c) $ 112 $ 112 $ 10 $ 4 $ 4 $ — (a) The allowance for impaired loans is included in the allowance for loan losses. (b) When the discounted cash flows, collateral value or market price equals or exceeds the carrying value of the loan, then the loan does not require an allowance under the accounting standard related to impaired loans. (c) Excludes an aggregate of less than $1 million of impaired loans in amounts individually less than $1 million at both June 30, 2019 and Dec. 31, 2018 , respectively. The allowance for loan losses associated with these loans totaled less than $1 million at both June 30, 2019 and Dec. 31, 2018 , respectively. N/A - Not applicable. Past due loans The table below presents our past due loans. Past due loans and still accruing interest June 30, 2019 Dec. 31, 2018 Days past due Total past due Days past due Total past due (in millions) 30-59 60-89 ≥90 30-59 60-89 ≥90 Wealth management loans and mortgages $ 19 $ 2 $ — $ 21 $ 22 $ 1 $ 5 $ 28 Other residential mortgages 11 1 — 12 12 6 7 25 Financial institutions 10 — — 10 3 3 — 6 Commercial real estate 9 — — 9 1 — — 1 Total past due loans $ 49 $ 3 $ — $ 52 $ 38 $ 10 $ 12 $ 60 Troubled debt restructurings A modified loan is considered a TDR if the debtor is experiencing financial difficulties and the creditor grants a concession to the debtor that would not otherwise be considered. We modified loans of less than $1 million in the second quarter of 2019 , $1 million in the second quarter of 2018 and less than $1 million in the first quarter of 2019 . The loans were primarily other residential mortgages. Credit quality indicators Our credit strategy is to focus on investment-grade clients that are active users of our non-credit services. Each customer is assigned an internal credit rating, which is mapped to an external rating agency grade equivalent, if possible, based upon a number of dimensions, which are continually evaluated and may change over time. The following tables present information about credit quality indicators. Commercial loan portfolio Commercial loan portfolio – Credit risk profile by creditworthiness category Commercial Commercial real estate Financial institutions June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 (in millions) Investment grade $ 1,555 $ 2,036 $ 4,577 $ 4,184 $ 9,338 $ 9,586 Non-investment grade 182 96 622 603 2,184 1,997 Total $ 1,737 $ 2,132 $ 5,199 $ 4,787 $ 11,522 $ 11,583 The commercial loan portfolio is divided into investment grade and non-investment grade categories based on the assigned internal credit ratings, which are generally consistent with those of the public rating agencies. Customers with ratings consistent with BBB- (S&P)/Baa3 (Moody’s) or better are considered to be investment grade. Those clients with ratings lower than this threshold are considered to be non-investment grade. Wealth management loans and mortgages Wealth management loans and mortgages – Credit risk profile by internally assigned grade June 30, 2019 Dec. 31, 2018 (in millions) Wealth management loans: Investment grade $ 6,673 $ 6,901 Non-investment grade 161 106 Wealth management mortgages 8,835 8,958 Total $ 15,669 $ 15,965 Wealth management non-mortgage loans are not typically rated by external rating agencies. A majority of the wealth management loans are secured by the customers’ investment management accounts or custody accounts. Eligible assets pledged for these loans are typically investment grade fixed-income securities, equities and/or mutual funds. Internal ratings for this portion of the wealth management portfolio, therefore, would equate to investment-grade external ratings. Wealth management loans are provided to select customers based on the pledge of other types of assets, including business assets, fixed assets or a modest amount of commercial real estate. For the loans collateralized by other assets, the credit quality of the obligor is carefully analyzed, but we do not consider this portfolio of loans to be investment grade. Credit quality indicators for wealth management mortgages are not correlated to external ratings. Wealth management mortgages are typically loans to high-net-worth individuals, which are secured primarily by residential property. These loans are primarily interest-only, adjustable rate mortgages with a weighted-average loan-to-value ratio of 62% at origination. In the wealth management portfolio, less than 1% of the mortgages were past due at June 30, 2019 . At June 30, 2019 , the wealth management mortgage portfolio consisted of the following geographic concentrations: California - 23% ; New York - 18% ; Massachusetts - 10% ; Florida - 8% ; and other - 41% . Other residential mortgages The other residential mortgage portfolio primarily consists of 1-4 family residential mortgage loans and totaled $549 million at June 30, 2019 and $594 million at Dec. 31, 2018 . These loans are not typically correlated to external ratings. Included in this portfolio at June 30, 2019 were $111 million of mortgage loans purchased in 2005, 2006 and the first quarter of 2007, of which, 10% of the serviced loan balance was at least 60 days delinquent. Overdrafts Overdrafts primarily relate to custody and securities clearance clients and totaled $4.7 billion at June 30, 2019 and $5.5 billion at Dec. 31, 2018 . Overdrafts occur on a daily basis primarily in the custody and securities clearance business and are generally repaid within two business days. Other loans Other loans primarily include loans to consumers that are fully collateralized with equities, mutual funds and fixed-income securities. Margin loans We had $10.6 billion of secured margin loans on our consolidated balance sheet at June 30, 2019 compared with $13.5 billion at Dec. 31, 2018 . Margin loans are collateralized with marketable securities, and borrowers are required to maintain a daily collateral margin in excess of 100% of the value of the loan. We have rarely suffered a loss on these types of loans and do not allocate any of our allowance for credit losses to margin loans. Reverse repurchase agreements Reverse repurchase agreements are transactions fully collateralized with high-quality liquid securities. These transactions carry minimal credit risk and therefore are not allocated an allowance for credit losses.

Leasing

Leasing	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leasing	Leasing Significant accounting policy We determine if an arrangement is a lease at inception. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments. The ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. We use our incremental borrowing rate based on the information available at commencement date of the lease in determining the present value of lease payments. In addition to the lease payments, the determination of an ROU asset may also include certain adjustments related to lease incentives and initial direct costs incurred. Options to extend or terminate a lease are included in the determination of the ROU asset and lease liability only when it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term, while the lease expense for finance leases is recognized using the effective interest method. ROU assets are reviewed for impairment when events or circumstances indicate that the carrying amount may not be recoverable. For operating leases, if deemed impaired, the ROU asset is written down and the remaining balance is subsequently amortized on a straight-line basis which results in lease expense recognition that is similar to finance leases. We have elected to account for the lease and non-lease components as a single lease component and exclude the non-lease variable components. Additionally, for certain equipment leases, we apply a portfolio approach to account for the operating lease ROU assets and liabilities. BNY Mellon engages in subleasing activities and reports the rental income as part of net occupancy expense, as this activity is not a significant business activity and is part of the Company’s customary business practice. BNY Mellon engages in leverage lease transactions that were entered into prior to Dec. 31, 2018. These leases are grandfathered under the new standard and will continue to be accounted for under the prior guidance unless subsequently modified. Leases We have operating and finance leases for corporate offices, data centers and certain equipment. Our leases have remaining lease terms of one year to 20 years , some of which include options to extend or terminate the lease. In some of our corporate office locations, we may enter into sublease arrangements for portions or all of the space and/or lease term. The following table presents the consolidated balance sheet information related to operating and finance leases. Balance sheet information June 30, 2019 (dollar in millions) Operating Finance Total Right-of-use assets (a) $ 1,160 $ 21 $ 1,181 Lease liability (b) $ 1,358 $ 10 $ 1,368 Weighted average: Remaining lease term 8.3 years 3.3 years Discount rate (annualized) 3.17 % 2.78 % (a) Included in premises and equipment on the consolidated balance sheet. (b) Operating lease liabilities are included in other liabilities and finance lease liabilities are included in other borrowed funds, both on the consolidated balance sheet. The following table presents the components of lease expense. Lease expense Quarter ended Year-to-date (in millions) June 30, 2019 June 30, 2019 Operating lease expense $ 63 $ 132 Variable lease expense 10 19 Sublease income (8 ) (16 ) Finance lease expense: Amortization of right-of-use assets 2 4 Interest on lease liabilities — — Total finance lease expense $ 2 $ 4 Total lease expense $ 67 $ 139 The following table presents cash flow information related to leases. Cash flow information Six months ended (in millions) June 30, 2019 Cash paid for amounts included in measurement of liabilities: Operating cash flows from finance leases $ — Operating cash flows from operating leases $ 134 Financing cash flows from finance leases $ 12 See Note 21 for information on non-cash operating and/or finance lease transactions. The following table presents the maturity of lease liabilities on operating leases prior to adopting ASU 2016-02, Leases . Maturities of lease liabilities Operating (in millions) For the year ended Dec. 31, 2019 $ 264 2020 244 2021 211 2022 172 2023 136 2024 and thereafter 432 Total $ 1,459 The following table presents the maturities of lease liabilities after adopting ASU 2016-02, Leases . Maturities of lease liabilities Operating Finance (in millions) For the year ended Dec. 31, 2019 (excluding six months ended June 30, 2019) $ 148 $ 9 2020 271 1 2021 215 — 2022 175 — 2023 137 — 2024 and thereafter 600 — Total lease payments 1,546 10 Less: Imputed interest (188 ) — Total $ 1,358 $ 10
Leasing	Leasing Significant accounting policy We determine if an arrangement is a lease at inception. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments. The ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. We use our incremental borrowing rate based on the information available at commencement date of the lease in determining the present value of lease payments. In addition to the lease payments, the determination of an ROU asset may also include certain adjustments related to lease incentives and initial direct costs incurred. Options to extend or terminate a lease are included in the determination of the ROU asset and lease liability only when it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term, while the lease expense for finance leases is recognized using the effective interest method. ROU assets are reviewed for impairment when events or circumstances indicate that the carrying amount may not be recoverable. For operating leases, if deemed impaired, the ROU asset is written down and the remaining balance is subsequently amortized on a straight-line basis which results in lease expense recognition that is similar to finance leases. We have elected to account for the lease and non-lease components as a single lease component and exclude the non-lease variable components. Additionally, for certain equipment leases, we apply a portfolio approach to account for the operating lease ROU assets and liabilities. BNY Mellon engages in subleasing activities and reports the rental income as part of net occupancy expense, as this activity is not a significant business activity and is part of the Company’s customary business practice. BNY Mellon engages in leverage lease transactions that were entered into prior to Dec. 31, 2018. These leases are grandfathered under the new standard and will continue to be accounted for under the prior guidance unless subsequently modified. Leases We have operating and finance leases for corporate offices, data centers and certain equipment. Our leases have remaining lease terms of one year to 20 years , some of which include options to extend or terminate the lease. In some of our corporate office locations, we may enter into sublease arrangements for portions or all of the space and/or lease term. The following table presents the consolidated balance sheet information related to operating and finance leases. Balance sheet information June 30, 2019 (dollar in millions) Operating Finance Total Right-of-use assets (a) $ 1,160 $ 21 $ 1,181 Lease liability (b) $ 1,358 $ 10 $ 1,368 Weighted average: Remaining lease term 8.3 years 3.3 years Discount rate (annualized) 3.17 % 2.78 % (a) Included in premises and equipment on the consolidated balance sheet. (b) Operating lease liabilities are included in other liabilities and finance lease liabilities are included in other borrowed funds, both on the consolidated balance sheet. The following table presents the components of lease expense. Lease expense Quarter ended Year-to-date (in millions) June 30, 2019 June 30, 2019 Operating lease expense $ 63 $ 132 Variable lease expense 10 19 Sublease income (8 ) (16 ) Finance lease expense: Amortization of right-of-use assets 2 4 Interest on lease liabilities — — Total finance lease expense $ 2 $ 4 Total lease expense $ 67 $ 139 The following table presents cash flow information related to leases. Cash flow information Six months ended (in millions) June 30, 2019 Cash paid for amounts included in measurement of liabilities: Operating cash flows from finance leases $ — Operating cash flows from operating leases $ 134 Financing cash flows from finance leases $ 12 See Note 21 for information on non-cash operating and/or finance lease transactions. The following table presents the maturity of lease liabilities on operating leases prior to adopting ASU 2016-02, Leases . Maturities of lease liabilities Operating (in millions) For the year ended Dec. 31, 2019 $ 264 2020 244 2021 211 2022 172 2023 136 2024 and thereafter 432 Total $ 1,459 The following table presents the maturities of lease liabilities after adopting ASU 2016-02, Leases . Maturities of lease liabilities Operating Finance (in millions) For the year ended Dec. 31, 2019 (excluding six months ended June 30, 2019) $ 148 $ 9 2020 271 1 2021 215 — 2022 175 — 2023 137 — 2024 and thereafter 600 — Total lease payments 1,546 10 Less: Imputed interest (188 ) — Total $ 1,358 $ 10

Goodwill and intangible assets

Goodwill and intangible assets	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangible assets	Goodwill and intangible assets Goodwill The tables below provide a breakdown of goodwill by business. Goodwill by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2018 $ 8,333 $ 8,970 $ 47 $ 17,350 Foreign currency translation (6 ) (7 ) — (13 ) Balance at June 30, 2019 $ 8,327 $ 8,963 $ 47 $ 17,337 Goodwill by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2017 $ 8,389 $ 9,128 $ 47 $ 17,564 Dispositions — (65 ) — (65 ) Foreign currency translation (31 ) (50 ) — (81 ) Balance at June 30, 2018 $ 8,358 $ 9,013 $ 47 $ 17,418 Intangible assets The tables below provide a breakdown of intangible assets by business. Intangible assets – net carrying amount by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2018 $ 758 $ 1,613 $ 849 $ 3,220 Amortization (41 ) (18 ) — (59 ) Foreign currency translation — (1 ) — (1 ) Balance at June 30, 2019 $ 717 $ 1,594 $ 849 $ 3,160 Intangible assets – net carrying amount by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2017 $ 888 $ 1,674 $ 849 $ 3,411 Amortization (72 ) (25 ) — (97 ) Foreign currency translation (1 ) (5 ) — (6 ) Balance at June 30, 2018 $ 815 $ 1,644 $ 849 $ 3,308 The table below provides a breakdown of intangible assets by type. Intangible assets June 30, 2019 Dec. 31, 2018 (in millions) Gross carrying amount Accumulated amortization Net carrying amount Remaining weighted- average amortization period Gross Accumulated Net carrying amount Subject to amortization: (a) Customer contracts—Investment Services $ 1,573 $ (1,227 ) $ 346 10 years $ 1,572 $ (1,186 ) $ 386 Customer relationships—Investment Management 898 (714 ) 184 11 years 899 (699 ) 200 Other 65 (14 ) 51 14 years 26 (12 ) 14 Total subject to amortization 2,536 (1,955 ) 581 11 years 2,497 (1,897 ) 600 Not subject to amortization: (b) Tradenames 1,292 N/A 1,292 N/A 1,332 N/A 1,332 Customer relationships 1,287 N/A 1,287 N/A 1,288 N/A 1,288 Total not subject to amortization 2,579 N/A 2,579 N/A 2,620 N/A 2,620 Total intangible assets $ 5,115 $ (1,955 ) $ 3,160 N/A $ 5,117 $ (1,897 ) $ 3,220 (a) Excludes fully amortized intangible assets. (b) Intangible assets not subject to amortization have an indefinite life. N/A - Not applicable. Estimated annual amortization expense for current intangibles for the next five years is as follows: For the year ended Estimated amortization expense (in millions) 2019 $ 117 2020 104 2021 81 2022 63 2023 52 Impairment testing The goodwill impairment test is performed at least annually at the reporting unit level. Intangible assets not subject to amortization are tested for impairment annually or more often if events or circumstances indicate they may be impaired. BNY Mellon’s three business segments include seven reporting units for which goodwill impairment testing is performed on an annual basis. The Investment Services segment is comprised of four reporting units; the Investment Management segment is comprised of two reporting units and one reporting unit is included in the Other segment. As a result of the annual goodwill impairment test of the seven reporting units conducted in the second quarter of 2019 , no

Other assets

Other assets	6 Months Ended
	Jun. 30, 2019
Other Assets [Abstract]
Other assets	Other assets The following table provides the components of other assets presented on the consolidated balance sheet. Other assets June 30, 2019 Dec. 31, 2018 (in millions) Corporate/bank-owned life insurance $ 4,970 $ 4,937 Accounts receivable 4,322 3,692 Fails to deliver 4,057 2,274 Software 1,710 1,652 Prepaid pension assets 1,444 1,357 Renewable energy investments 1,201 1,264 Equity in a joint venture and other investments 1,156 1,064 Qualified affordable housing project investments 1,068 999 Income taxes receivable 743 1,125 Prepaid expense 539 385 Federal Reserve Bank stock 463 484 Seed capital 217 224 Fair value of hedging derivatives 156 289 Other (a) 1,691 1,552 Total other assets $ 23,737 $ 21,298 (a) At June 30, 2019 and Dec. 31, 2018 , other assets include $73 million and $111 million , respectively, of Federal Home Loan Bank stock, at cost. Non-readily marketable equity securities Non-readily marketable equity securities do not have readily determinable fair values. These investments are valued using a measurement alternative where the investments are carried at cost, less any impairment, and plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The observable price changes are recorded in investment and other income on the consolidated income statement. Our non-readily marketable equity securities totaled $61 million at June 30, 2019 and $55 million at Dec. 31, 2018 and are included in equity in a joint venture and other investments in the table above. The following table presents the adjustments on the non-readily marketable equity securities. Non-readily marketable equity securities Life-to-date (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Upward adjustments $ 2 $ — $ 5 $ 2 $ 25 $ 30 Downward adjustments (1 ) — — (1 ) — (2 ) Net adjustments $ 1 $ — $ 5 $ 1 $ 25 $ 28 Qualified affordable housing project investments We invest in affordable housing projects primarily to satisfy the Company’s requirements under the Community Reinvestment Act. Our total investment in qualified affordable housing projects totaled $1.1 billion at June 30, 2019 and $1.0 billion at Dec. 31, 2018 . Commitments to fund future investments in qualified affordable housing projects totaled $500 million at June 30, 2019 and $479 million at Dec. 31, 2018 and are recorded in other liabilities. A summary of the commitments to fund future investments is as follows: 2019 – $98 million ; 2020 – $144 million ; 2021 – $152 million ; 2022 – $82 million ; 2023 – $6 million ; and 2024 and thereafter – $18 million . Tax credits and other tax benefits recognized were $39 million in the second quarter of 2019 , $42 million in the second quarter of 2018 , $39 million in the first quarter of 2019 , $78 million in the first six months of 2019 and $82 million in the first six months of 2018 . Amortization expense included in the provision for income taxes was $32 million in the second quarter of 2019 , $35 million in the second quarter of 2018 , $32 million in the first quarter of 2019 , $64 million in the first six months of 2019 and $68 million in the first six months of 2018 Investments valued using net asset value per share In our Investment Management business, we manage investment assets, including equities, fixed income, money market and multi-asset and alternative investment funds for institutions and other investors. As part of that activity, we make seed capital investments in certain funds. We also hold private equity investments, specifically small business investment companies (“SBICs”), which are compliant with the Volcker Rule, and certain other corporate investments. Seed capital, private equity and other corporate investments are included in other assets on the consolidated balance sheet. The fair value of certain of these investments was estimated using the net asset value (“NAV”) per share for BNY Mellon’s ownership interest in the funds. The table below presents information on our investments valued using NAV. Investments valued using NAV June 30, 2019 Dec. 31, 2018 (dollars in millions) Fair value Unfunded commitments Redemption frequency Redemption notice period Fair value Unfunded commitments Redemption frequency Redemption notice period Seed capital $ 60 $ — Daily-quarterly 1-90 days $ 54 $ — Daily-quarterly 1-90 days Private equity investments (SBICs) (a) 81 54 N/A N/A 74 41 N/A N/A Other ( b) 37 — Daily-quarterly 1-95 days 87 — Daily-quarterly 1-95 days Total $ 178 $ 54 $ 215 $ 41 (a) Private equity investments include Volcker Rule-compliant investments in SBICs that invest in various sectors of the economy. Private equity investments do not have redemption rights. Distributions from such investments will be received as the underlying investments in the private equity investments, which have a life of 10 years, are liquidated. (b) Primarily relates to investments in funds that relate to deferred compensation arrangements with employees. N/A - Not applicable.

Contract revenue

Contract revenue	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Contract revenue	Contract revenue Fee revenue in Investment Services and Investment Management is primarily variable, based on levels of AUC/A, AUM and the level of client-driven transactions, as specified in fee schedules. See Note 9 of the Notes to Consolidated Financial Statements in our 2018 Annual Report for information on the nature of our services and revenue recognition. See Note 23 of the Notes to Consolidated Financial Statement in our 2018 Annual Report for additional information on our principal businesses, Investment Services and Investment Management, and the primary services provided. Disaggregation of contract revenue Contract revenue is included in fee revenue on the consolidated income statement. The following tables present fee revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Disaggregation of contract revenue by business segment (a) Quarter ended June 30, 2019 March 31, 2019 June 30, 2018 (in millions) IS IM Other Total IS IM Other Total IS IM Other Total Fee revenue - contract revenue: Investment services fees: Asset servicing fees $ 1,089 $ 20 $ — $ 1,109 $ 1,073 $ 20 $ — $ 1,093 $ 1,098 $ 21 $ 1 $ 1,120 Clearing services fees (b) 411 — (1 ) 410 398 — — 398 401 — — 401 Issuer services fees 291 — — 291 251 — — 251 265 — — 265 Treasury services fees 140 1 — 141 132 — — 132 140 1 — 141 Total investment services fees (b) 1,931 21 (1 ) 1,951 1,854 20 — 1,874 1,904 22 1 1,927 Investment management and performance fees (b) 4 829 — 833 4 837 — 841 5 893 — 898 Financing-related fees 16 — 1 17 17 — — 17 15 — — 15 Distribution and servicing (13 ) 44 — 31 (14 ) 45 — 31 (14 ) 48 — 34 Investment and other income 69 (48 ) — 21 69 (49 ) — 20 69 (50 ) 1 20 Total fee revenue - contract revenue 2,007 846 — 2,853 1,930 853 — 2,783 1,979 913 2 2,894 Fee and other revenue - not in scope of ASC 606 (c)(d) 220 4 41 265 224 11 30 265 254 28 39 321 Total fee and other revenue $ 2,227 $ 850 $ 41 $ 3,118 $ 2,154 $ 864 $ 30 $ 3,048 $ 2,233 $ 941 $ 41 $ 3,215 (a) Business segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting. (b) In the first quarter of 2019, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified. (c) Primarily includes foreign exchange and other trading revenue, financing-related fees, asset servicing fees, investment and other income and net securities gains (losses), all of which are accounted for using other accounting guidance. (d) The Investment Management business includes income from consolidated investment management funds, net of noncontrolling interests, of $6 million in the second quarter of 2019 , $16 million in the first quarter of 2019 and $5 million in the second quarter of 2018 . IS - Investment Services segment. IM - Investment Management segment. Disaggregation of contract revenue by business segment (a) Year-to-date June 30, 2019 June 30, 2018 (in millions) IS IM Other Total IS IM Other Total Fee revenue - contract revenue: Investment services fees: Asset servicing fees $ 2,162 $ 40 $ — $ 2,202 $ 2,215 $ 46 $ 1 $ 2,262 Clearing services fees (b) 809 — (1 ) 808 824 — 1 825 Issuer services fees 542 — — 542 525 — — 525 Treasury services fees 272 1 — 273 278 1 — 279 Total investment services fees (b) 3,785 41 (1 ) 3,825 3,842 47 2 3,891 Investment management and performance fees (b) 8 1,666 — 1,674 9 1,835 — 1,844 Financing-related fees 33 — 1 34 32 — — 32 Distribution and servicing (27 ) 89 — 62 (28 ) 98 — 70 Investment and other income 138 (97 ) — 41 138 (101 ) 1 38 Total fee revenue - contract revenue 3,937 1,699 — 5,636 3,993 1,879 3 5,875 Fee and other revenue - not in scope of ASC 606 (c)(d) 444 15 71 530 490 74 46 610 Total fee and other revenue $ 4,381 $ 1,714 $ 71 $ 6,166 $ 4,483 $ 1,953 $ 49 $ 6,485 (a) Business segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting. (b) In the first quarter of 2019, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified. (c) Primarily includes foreign exchange and other trading revenue, financing-related fees, asset servicing fees, investment and other income and net securities gains (losses), all of which are accounted for using other accounting guidance. (d) The Investment Management business includes income from consolidated investment management funds, net of noncontrolling interests, of $22 million in the first six months of 2019 and $5 million in the first six months of 2018 . IS - Investment Services segment. IM - Investment Management segment. Contract balances Our clients are billed based on fee schedules that are agreed upon in each customer contract. Receivables from customers were $2.4 billion at June 30, 2019 and $2.5 billion at Dec. 31, 2018 . An allowance is maintained for accounts receivable which is generally based on the number of days outstanding. Adjustments to the allowance are recorded in other expense on the consolidated income statement. We recorded a provision of $2 million in the second quarter of 2019 , $4 million in the second quarter of 2018 , $4 million in the first quarter of 2019 , $6 million in the first six months of 2019 and $6 million in the first six months of 2018 . Contract assets represent accrued revenues that have not yet been billed to the customers due to certain contractual terms other than the passage of time and were $74 million at June 30, 2019 and $36 million at Dec. 31, 2018 . Accrued revenues recorded as contract assets are usually billed on an annual basis. There were no impairments recorded on contract assets in the second quarter of 2019 or first six months of 2019 . Both receivables from customers and contract assets are included in other assets on the consolidated balance sheet. Contract liabilities represent payments received in advance of providing services under certain contracts and were $198 million at June 30, 2019 and $171 million at Dec. 31, 2018 . Contract liabilities are included in other liabilities on the consolidated balance sheet. Revenue recognized in the second quarter of 2019 relating to contract liabilities as of March 31, 2019 was $59 million . Revenue recognized in the first six months of 2019 relating to contract liabilities as of Dec. 31, 2018 was $75 million . Changes in contract assets and liabilities primarily relate to either party’s performance under the contracts. Contract costs Incremental costs for obtaining contracts that are deemed recoverable are capitalized as contract costs. Such costs result from the payment of sales incentives, primarily in the Wealth Management business, and totaled $99 million at June 30, 2019 and $98 million at Dec. 31, 2018 . Capitalized sales incentives are amortized based on the transfer of goods or services to which the assets relate and typically average nine years . The amortization of capitalized sales incentives, which is primarily included in staff expense on the consolidated income statement, totaled $5 million in the second quarter of 2019 , $6 million in the second quarter of 2018 , $5 million in the first quarter of 2019 , $10 million in the first six months of 2019 and $11 million in the first six months of 2018 . Costs to fulfill a contract are capitalized when they relate directly to an existing contract or a specific anticipated contract, generate or enhance resources that will be used to fulfill performance obligations and are recoverable. Such costs generally represent set-up costs, which include any direct cost incurred at the inception of a contract which enables the fulfillment of the performance obligation and totaled $18 million at June 30, 2019 and $20 million at Dec. 31, 2018 . These capitalized costs are amortized on a straight-line basis over the expected contract period which generally range from seven to nine years. The amortization is included in other expense on the consolidated income statement and totaled $2 million in the second quarter of 2019 , $2 million in the second quarter of 2018 , $1 million in the first quarter of 2019 , $3 million in the first six months of 2019 and $3 million in the first six months of 2018 . There were no impairments recorded on capitalized contract costs in the second quarter of 2019 or first six months of 2019 . Unsatisfied performance obligations We do not have any unsatisfied performance obligations other than those that are subject to a practical expedient election under Accounting Standards Codification (“ASC”) 606, Revenue From Contracts With Customers . The practical expedient election applies to (i) contracts with an original expected length of one year or less, and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

Net interest revenue

Net interest revenue	6 Months Ended
	Jun. 30, 2019
Interest Revenue (Expense), Net [Abstract]
Net interest revenue	Net interest revenue The following table provides the components of net interest revenue presented on the consolidated income statement. Net interest revenue Quarter ended Year-to-date (in millions) June 30, 2019 March 31, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Interest revenue Deposits with the Federal Reserve and other central banks $ 113 $ 139 $ 136 $ 252 $ 262 Deposits with banks 64 63 56 127 98 Federal funds sold and securities purchased under resale agreements 568 474 230 1,042 400 Margin loans 119 135 128 254 243 Non-margin loans 365 355 345 720 650 Securities: Taxable 687 706 615 1,393 1,196 Exempt from federal income taxes 10 12 14 22 29 Total securities 697 718 629 1,415 1,225 Trading securities 39 36 29 75 56 Total interest revenue 1,965 1,920 1,553 3,885 2,934 Interest expense Deposits 432 391 173 823 290 Federal funds purchased and securities sold under repurchase agreements 372 331 158 703 265 Trading liabilities 11 7 7 18 16 Other borrowed funds 20 24 14 44 23 Commercial paper 18 8 21 26 33 Customer payables 69 70 45 139 76 Long-term debt 241 248 219 489 396 Total interest expense 1,163 1,079 637 2,242 1,099 Net interest revenue 802 841 916 1,643 1,835 Provision for credit losses (8 ) 7 (3 ) (1 ) (8 ) Net interest revenue after provision for credit losses $ 810 $ 834 $ 919 $ 1,644 $ 1,843

Employee benefit plans

Employee benefit plans	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Employee benefit plans	Employee benefit plans The components of net periodic benefit (credit) cost are as follows. The service cost component is reflected in staff expense, whereas the remaining components are reflected in other expense. Net periodic benefit (credit) cost Quarter ended June 30, 2019 March 31, 2019 June 30, 2018 (in millions) Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Service cost $ — $ 3 $ — $ — $ 3 $ — $ — $ 7 $ — Interest cost 45 8 1 44 8 2 42 8 2 Expected return on assets (84 ) (12 ) (2 ) (84 ) (11 ) (2 ) (85 ) (14 ) (2 ) Other 13 1 — 13 — (1 ) 17 6 — Net periodic benefit (credit) cost $ (26 ) $ — $ (1 ) $ (27 ) $ — $ (1 ) $ (26 ) $ 7 $ — Net periodic benefit (credit) cost Year-to-date June 30, 2019 June 30, 2018 (in millions) Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Service cost $ — $ 6 $ — $ — $ 14 $ — Interest cost 89 16 3 85 16 4 Expected return on assets (168 ) (23 ) (4 ) (170 ) (29 ) (4 ) Other 26 1 (1 ) 34 12 (1 ) Net periodic benefit (credit) cost $ (53 ) $ — $ (2 ) $ (51 ) $ 13 $ (1 )

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income taxes	Income taxes BNY Mellon recorded an income tax provision of $264 million ( 20.5% effective tax rate) in the second quarter of 2019 , $286 million ( 20.5% effective tax rate) in the second quarter of 2018 and $237 million ( 19.9% effective tax rate) in the first quarter of 2019 . Our total tax reserves as of June 30, 2019 were $135 million compared with $105 million at March 31, 2019 . If these tax reserves were unnecessary, $135 million would affect the effective tax rate in future periods. We recognize accrued interest and penalties, if applicable, related to income taxes in the provision for income taxes on the consolidated income statement. Included in the balance sheet at June 30, 2019 is accrued interest, where applicable, of $24 million . The additional tax expense related to interest for the six months ended June 30, 2019 was $6 million , compared with $2 million for the six months ended June 30, 2018 . It is reasonably possible the total reserve for uncertain tax positions could decrease within the next 12 months by approximately $56 million as a result of adjustments related to tax years that are still subject to examination. Our federal income tax returns are closed to examination through 2013. Our New York State, New York City and UK income tax returns are closed to examination through 2012.

Variable interest entities and

Variable interest entities and securitization	6 Months Ended
	Jun. 30, 2019
Securitizations And Variable Interest Entities Disclosure [Abstract]
Variable interest entities and securitization	Variable interest entities and securitization BNY Mellon has variable interests in VIEs, which include investments in retail, institutional and alternative investment funds, including collateralized loan obligation (“CLO”) structures in which we provide asset management services, some of which are consolidated. The investment funds are offered to our retail and institutional clients to provide them with access to investment vehicles with specific investment objectives and strategies that address the client’s investment needs. BNY Mellon earns management fees from these funds as well as performance fees in certain funds and may also provide start-up capital for its new funds. The funds are primarily financed by our customers’ investments in the funds’ equity or debt. Additionally, BNY Mellon invests in qualified affordable housing and renewable energy projects, which are designed to generate a return primarily through the realization of tax credits by the Company. The projects, which are structured as limited partnerships and LLCs, are also VIEs, but are not consolidated. The following table presents the incremental assets and liabilities included in BNY Mellon’s consolidated balance sheet as of June 30, 2019 and Dec. 31, 2018 . The net assets of any consolidated VIE are solely available to settle the liabilities of the VIE and to settle any investors’ ownership liquidation requests, including any seed capital invested in the VIE by BNY Mellon. Consolidated investments June 30, 2019 Dec. 31, 2018 (in millions) Investment Management funds Securitization Total consolidated investments Investment Management funds Securitization Total consolidated investments Trading assets $ 314 $ 400 $ 714 $ 243 $ 400 $ 643 Other assets 23 — 23 220 — 220 Total assets $ 337 (a) $ 400 $ 737 $ 463 (b) $ 400 $ 863 Other liabilities $ 6 $ 383 $ 389 $ 2 $ 371 $ 373 Total liabilities $ 6 (a) $ 383 $ 389 $ 2 (b) $ 371 $ 373 Nonredeemable noncontrolling interests $ 166 (a) $ — $ 166 $ 101 (b) $ — $ 101 (a) Includes voting model entities (“VMEs”) with assets of $74 million , liabilities of $4 million and nonredeemable noncontrolling interests of less than $1 million . (b) Includes VMEs with assets of $253 million , liabilities of $2 million and nonredeemable noncontrolling interests of less than $1 million . BNY Mellon has not provided financial or other support that was not otherwise contractually required to be provided to our VIEs. Additionally, creditors of any consolidated VIEs do not have any recourse to the general credit of BNY Mellon. Non-consolidated VIEs As of June 30, 2019 and Dec. 31, 2018 , the following assets and liabilities related to the VIEs where BNY Mellon is not the primary beneficiary are included in our consolidated balance sheets and primarily relate to accounting for our investments in qualified affordable housing and renewable energy projects. The maximum loss exposure indicated in the table below relates solely to BNY Mellon’s investments in, and unfunded commitments to, the VIEs. Non-consolidated VIEs June 30, 2019 Dec. 31, 2018 (in millions) Assets Liabilities Maximum loss exposure Assets Liabilities Maximum loss exposure Securities - Available-for-sale (a) $ 214 $ — $ 214 $ 214 $ — $ 214 Other 2,496 500 2,996 2,450 479 2,929 (a) Includes investments in the Company’s sponsored CLOs.

Preferred stock

Preferred stock	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Preferred stock	Preferred stock BNY Mellon has 100 million authorized shares of preferred stock with a par value of $0.01 per share. The following table summarizes BNY Mellon’s preferred stock issued and outstanding at June 30, 2019 and Dec. 31, 2018 . Preferred stock summary (a) Total shares issued and outstanding Carrying value (b) (in millions) June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 Per annum dividend rate Series A Greater of (i) three-month LIBOR plus 0.565% for the related distribution period; or (ii) 4.000% 5,001 5,001 $ 500 $ 500 Series C 5.2% 5,825 5,825 568 568 Series D 4.50% to but excluding June 20, 2023, then a floating rate equal to the three-month LIBOR plus 2.46% 5,000 5,000 494 494 Series E 4.95% to and including June 20, 2020, then a floating rate equal to the three-month LIBOR plus 3.42% 10,000 10,000 990 990 Series F 4.625% to and including Sept. 20, 2026, then a floating rate equal to the three-month LIBOR plus 3.131% 10,000 10,000 990 990 Total 35,826 35,826 $ 3,542 $ 3,542 (a) All outstanding preferred stock is noncumulative perpetual preferred stock with a liquidation preference of $100,000 per share. (b) The carrying value of the Series C, Series D, Series E and Series F preferred stock is recorded net of issuance costs. The table below presents the dividends paid on our preferred stock. Preferred dividends paid (dollars in millions, except per share amounts) Depositary shares per share 2Q19 1Q19 2Q18 YTD19 YTD18 Per share Total Per share Total Per share Total Per share Total Per share Total Series A 100 (a) $ 1,022.22 $ 5 $ 1,000.00 $ 5 $ 1,022.22 $ 5 $ 2,022.22 $ 10 $ 2,022.22 $ 10 Series C 4,000 1,300.00 7 1,300.00 8 1,300.00 7 2,600.00 15 2,600.00 15 Series D 100 2,250.00 11 N/A — 2,250.00 11 2,250.00 11 2,250.00 11 Series E 100 2,475.00 25 N/A — 2,475.00 25 2,475.00 25 2,475.00 25 Series F 100 N/A — 2,312.50 23 N/A — 2,312.50 23 2,312.50 23 Total $ 48 $ 36 $ 48 $ 84 $ 84 (a) Represents Normal Preferred Capital Securities. N/A - Not applicable. For additional information on the preferred stock, see Note 14 of the Notes to Consolidated Financial Statements in our 2018 Annual Report.

Other comprehensive income (los

Other comprehensive income (loss)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Other comprehensive income (loss)	Other comprehensive income (loss) Components of other comprehensive income (loss) Quarter ended June 30, 2019 March 31, 2019 June 30, 2018 (in millions) Pre-tax amount Tax (expense) benefit After-tax amount Pre-tax amount Tax (expense) benefit After-tax amount Pre-tax amount Tax (expense) benefit After-tax amount Foreign currency translation: Foreign currency translation adjustments arising during the period (a) $ 29 $ (19 ) $ 10 $ 27 $ 2 $ 29 $ (302 ) $ (98 ) $ (400 ) Total foreign currency translation 29 (19 ) 10 27 2 29 (302 ) (98 ) (400 ) Unrealized gain (loss) on assets available-for-sale: Unrealized gain (loss) arising during period 384 (97 ) 287 322 (83 ) 239 (103 ) 39 (64 ) Reclassification adjustment (b) (7 ) 2 (5 ) (1 ) — (1 ) (1 ) 1 — Net unrealized gain (loss) on assets available-for-sale 377 (95 ) 282 321 (83 ) 238 (104 ) 40 (64 ) Defined benefit plans: Net (loss) gain arising during the period — — — (11 ) 2 (9 ) — — — Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (b) 12 (2 ) 10 13 (3 ) 10 22 (6 ) 16 Total defined benefit plans 12 (2 ) 10 2 (1 ) 1 22 (6 ) 16 Unrealized gain (loss) on cash flow hedges: Unrealized hedge gain (loss) arising during period 2 (2 ) — 6 (4 ) 2 (17 ) 3 (14 ) Reclassification of net loss (gain) to net income: FX contracts - other revenue — — — — — — 1 — 1 FX contracts - staff expense — — — 1 2 3 (2 ) 1 (1 ) Total reclassifications to net income (b) — — — 1 2 3 (1 ) 1 — Net unrealized gain (loss) on cash flow hedges 2 (2 ) — 7 (2 ) 5 (18 ) 4 (14 ) Total other comprehensive income (loss) $ 420 $ (118 ) $ 302 $ 357 $ (84 ) $ 273 $ (402 ) $ (60 ) $ (462 ) (a) Includes the impact of hedges of net investments in foreign subsidiaries. See Note 18 for additional information. (b) The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the consolidated income statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the consolidated income statement. See Note 18 for the location of the reclassification adjustment related to cash flow hedges on the consolidated income statement. Components of other comprehensive income (loss) Year-to-date June 30, 2019 June 30, 2018 (in millions) Pre-tax amount Tax (expense) benefit After-tax amount Pre-tax amount Tax (expense) benefit After-tax amount Foreign currency translation: Foreign currency translation adjustments arising during the period (a) $ 56 $ (17 ) $ 39 $ (101 ) $ (55 ) $ (156 ) Total foreign currency translation 56 (17 ) 39 (101 ) (55 ) (156 ) Unrealized gain (loss) on assets available-for-sale: Unrealized gain (loss) arising during period 706 (180 ) 526 (445 ) 106 (339 ) Reclassification adjustment (b) (8 ) 2 (6 ) 48 (11 ) 37 Net unrealized gain (loss) on assets available-for-sale 698 (178 ) 520 (397 ) 95 (302 ) Defined benefit plans: Net gain (loss) arising during the period (11 ) 2 (9 ) — — — Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (b) 25 (5 ) 20 44 (11 ) 33 Total defined benefit plans 14 (3 ) 11 44 (11 ) 33 Unrealized gain (loss) on cash flow hedges: Unrealized hedge gain (loss) arising during period 8 (6 ) 2 (10 ) 2 (8 ) Reclassification of net loss (gain) to net income: FX contracts - other revenue — — — (3 ) 1 (2 ) FX contracts - staff expense 1 2 3 (8 ) 2 (6 ) Total reclassifications to net income (b) 1 2 3 (11 ) 3 (8 ) Net unrealized gain (loss) on cash flow hedges 9 (4 ) 5 (21 ) 5 (16 ) Total other comprehensive income (loss) $ 777 $ (202 ) $ 575 $ (475 ) $ 34 $ (441 ) (a) Includes the impact of hedges of net investments in foreign subsidiaries. See Note 18 for additional information. (b) The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the consolidated income statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the consolidated income statement. See Note 18 of the Notes to Consolidated Financial Statements for the location of the reclassification adjustment related to cash flow hedges on the consolidated income statement.

Fair value measurement

Fair value measurement	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair value measurement	Fair value measurement Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. A three-level hierarchy for fair value measurements is utilized based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. BNY Mellon’s own creditworthiness is considered when valuing liabilities. See Note 19 of the Notes to Consolidated Financial Statements in our 2018 Annual Report for information on how we determine fair value and the fair value hierarchy. The following tables present the financial instruments carried at fair value at June 30, 2019 and Dec. 31, 2018 , by caption on the consolidated balance sheet and by the three-level valuation hierarchy. We have included credit ratings information in certain of the tables because the information indicates the degree of credit risk to which we are exposed, and significant changes in ratings classifications could result in increased risk for us. Assets measured at fair value on a recurring basis at June 30, 2019 Total carrying (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Available-for-sale securities: Agency RMBS $ — $ 26,204 $ — $ — $ 26,204 U.S. Treasury 14,197 — — — 14,197 Sovereign debt/sovereign guaranteed 7,818 4,524 — — 12,342 Agency commercial MBS — 9,678 — — 9,678 Supranational — 3,914 — — 3,914 CLOs — 3,649 — — 3,649 Foreign covered bonds — 3,398 — — 3,398 U.S. government agencies — 2,650 — — 2,650 Other ABS — 2,470 — — 2,470 Non-agency commercial MBS — 2,005 — — 2,005 State and political subdivisions — 1,280 — — 1,280 Non-agency RMBS (b) — 1,221 — — 1,221 Corporate bonds — 905 — — 905 Other debt securities — 1,680 — — 1,680 Total available-for-sale securities 22,015 63,578 — — 85,593 Trading assets: Debt instruments 1,529 2,260 — — 3,789 Equity instruments (c) 2,011 — — — 2,011 Derivative assets not designated as hedging: Interest rate 14 4,254 — (2,347 ) 1,921 Foreign exchange — 4,083 — (3,213 ) 870 Equity and other contracts — 46 — (8 ) 38 Total derivative assets not designated as hedging 14 8,383 — (5,568 ) 2,829 Total trading assets 3,554 10,643 — (5,568 ) 8,629 Other assets: Derivative assets designated as hedging: Foreign exchange — 156 — — 156 Total derivative assets designated as hedging — 156 — — 156 Other assets (d) 94 163 — — 257 Assets measured at NAV (d) 178 Subtotal assets of operations at fair value 25,663 74,540 — (5,568 ) 94,813 Percentage of assets of operations prior to netting 26 % 74 % — % Assets of consolidated investment management funds 305 32 — — 337 Total assets $ 25,968 $ 74,572 $ — $ (5,568 ) $ 95,150 Percentage of total assets prior to netting 26 % 74 % — % Liabilities measured at fair value on a recurring basis at June 30, 2019 Total carrying (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Trading liabilities: Debt instruments $ 1,173 $ 212 $ — $ — $ 1,385 Equity instruments 96 — — — 96 Derivative liabilities not designated as hedging: Interest rate 25 3,600 — (2,637 ) 988 Foreign exchange — 3,952 — (2,660 ) 1,292 Equity and other contracts 3 4 — — 7 Total derivative liabilities not designated as hedging 28 7,556 — (5,297 ) 2,287 Total trading liabilities 1,297 7,768 — (5,297 ) 3,768 Long-term debt (c) — 383 — — 383 Other liabilities – derivative liabilities designated as hedging: Interest rate — 311 — — 311 Foreign exchange — 24 — — 24 Total other liabilities – derivative liabilities designated as hedging — 335 — — 335 Subtotal liabilities of operations at fair value 1,297 8,486 — (5,297 ) 4,486 Percentage of liabilities of operations prior to netting 13 % 87 % — % Liabilities of consolidated investment management funds 1 5 — — 6 Total liabilities $ 1,298 $ 8,491 $ — $ (5,297 ) $ 4,492 Percentage of total liabilities prior to netting 13 % 87 % — % (a) ASC 815, Derivatives and Hedging, permits the netting of derivative receivables and derivative payables under legally enforceable master netting agreements and permits the netting of cash collateral. Netting is applicable to derivatives not designated as hedging instruments included in trading assets or trading liabilities and derivatives designated as hedging instruments included in other assets or other liabilities. Netting is allocated to the derivative products based on the net fair value of each product. (b) Includes $753 million in Level 2 that was included in the former Grantor Trust. (c) Includes certain interests in securitizations. (d) Includes seed capital, private equity investments and other assets. Assets measured at fair value on a recurring basis at Dec. 31, 2018 Total carrying value (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Available-for-sale securities: Agency RMBS $ — $ 25,308 $ — $ — $ 25,308 U.S. Treasury 20,076 — — — 20,076 Sovereign debt/sovereign guaranteed 6,613 4,137 — — 10,750 Agency commercial MBS — 9,691 — — 9,691 CLOs — 3,364 — — 3,364 Supranational — 2,984 — — 2,984 Foreign covered bonds — 2,878 — — 2,878 State and political subdivisions — 2,247 — — 2,247 Other ABS — 1,773 — — 1,773 U.S. government agencies — 1,657 — — 1,657 Non-agency commercial MBS — 1,464 — — 1,464 Non-agency RMBS (b) — 1,325 — — 1,325 Corporate bonds — 1,054 — — 1,054 Other debt securities — 1,238 — — 1,238 Total available-for-sale securities 26,689 59,120 — — 85,809 Trading assets: Debt instruments 801 2,594 — — 3,395 Equity instruments (c) 1,114 — — — 1,114 Derivative assets not designated as hedging: Interest rate 7 3,583 — (2,202 ) 1,388 Foreign exchange — 4,807 — (3,724 ) 1,083 Equity and other contracts 9 59 — (13 ) 55 Total derivative assets not designated as hedging 16 8,449 — (5,939 ) 2,526 Total trading assets 1,931 11,043 — (5,939 ) 7,035 Other assets : Derivative assets designated as hedging: Interest rate — 23 — — 23 Foreign exchange — 266 — — 266 Total derivative assets designated as hedging — 289 — — 289 Other assets (d) 68 170 — — 238 Assets measured at NAV (d) 215 Subtotal assets of operations at fair value 28,688 70,622 — (5,939 ) 93,586 Percentage of assets of operations prior to netting 29 % 71 % — % Assets of consolidated investment management funds 210 253 — — 463 Total assets $ 28,898 $ 70,875 $ — $ (5,939 ) $ 94,049 Percentage of total assets prior to netting 29 % 71 % — % Liabilities measured at fair value on a recurring basis at Dec. 31, 2018 Total carrying value (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Trading liabilities: Debt instruments $ 1,006 $ 118 $ — $ — $ 1,124 Equity instruments 75 — — — 75 Derivative liabilities not designated as hedging: Interest rate 12 3,104 — (2,508 ) 608 Foreign exchange — 5,215 — (3,626 ) 1,589 Equity and other contracts 1 118 — (36 ) 83 Total derivative liabilities not designated as hedging 13 8,437 — (6,170 ) 2,280 Total trading liabilities 1,094 8,555 — (6,170 ) 3,479 Long-term debt ( c ) — 371 — — 371 Other liabilities – derivative liabilities designated as hedging: Interest rate — 74 — — 74 Foreign exchange — 14 — — 14 Total other liabilities – derivative liabilities designated as hedging — 88 — — 88 Subtotal liabilities of operations at fair value 1,094 9,014 — (6,170 ) 3,938 Percentage of liabilities of operations prior to netting 11 % 89 % — % Liabilities of consolidated investment management funds 2 — — — 2 Total liabilities $ 1,096 $ 9,014 $ — $ (6,170 ) $ 3,940 Percentage of total liabilities prior to netting 11 % 89 % — % (a) ASC 815, Derivatives and Hedging, permits the netting of derivative receivables and derivative payables under legally enforceable master netting agreements and permits the netting of cash collateral. Netting is applicable to derivatives not designated as hedging instruments included in trading assets or trading liabilities and derivatives designated as hedging instruments included in other assets or other liabilities. Netting is allocated to the derivative products based on the net fair value of each product. (b) Includes $832 million in Level 2 that was included in the former Grantor Trust. (c) Includes certain interests in securitizations. (d) Includes seed capital, private equity investments and other assets. Details of certain available-for-sale securities measured at fair value on a recurring basis June 30, 2019 Dec. 31, 2018 Total carrying value Ratings (a) Total carrying value Ratings (a) AAA/ AA- A+/ A- BBB+/ BBB- BB+ and lower AAA/ AA- A+/ A- BBB+/ BBB- BB+ and lower (dollars in millions) (b) (b) Non-agency RMBS (c) , originated in: 2007-2019 $ 311 23 % 2 % 3 % 72 % $ 315 15 % 2 % 3 % 80 % 2006 330 — 19 1 80 363 — 19 — 81 2005 356 8 1 8 83 396 9 1 7 83 2004 and earlier 224 16 23 11 50 251 16 24 11 49 Total non-agency RMBS $ 1,221 11 % 10 % 5 % 74 % $ 1,325 9 % 11 % 5 % 75 % Non-agency commercial MBS originated in 2009-2019 $ 2,005 98 % 2 % — % — % $ 1,464 96 % 4 % — % — % Foreign covered bonds: Canada $ 1,639 100 % — % — % — % $ 1,524 100 % — % — % — % United Kingdom 798 100 — — — 529 100 — — — Australia 414 100 — — — 333 100 — — — Sweden 274 100 — — — 187 100 — — — Other 273 100 — — — 305 100 — — — Total foreign covered bonds $ 3,398 100 % — % — % — % $ 2,878 100 % — % — % — % Sovereign debt/sovereign guaranteed: United Kingdom $ 3,133 100 % — % — % — % $ 2,153 100 % — % — % — % Germany 2,198 100 — — — 1,826 100 — — — France 1,424 100 — — — 1,548 100 — — — Spain 1,309 — 2 98 — 1,365 — — 100 — Italy 1,302 — — 100 — 939 — — 100 — Netherlands 811 100 — — — 875 100 — — — Hong Kong 504 100 — — — 450 100 — — — Canada 485 100 — — — 378 100 — — — Singapore 443 100 — — — 165 100 — — — Ireland 368 — 100 — — 625 — 100 — — Other (d) 365 68 1 — 31 426 75 — — 25 Total sovereign debt/sovereign guaranteed $ 12,342 75 % 3 % 21 % 1 % $ 10,750 72 % 6 % 21 % 1 % (a) Represents ratings by S&P or the equivalent. (b) At June 30, 2019 and Dec. 31, 2018 , sovereign debt/sovereign guaranteed securities were included in Level 1 and Level 2 in the valuation hierarchy. All other assets in the table are Level 2 assets in the valuation hierarchy. (c) Includes $753 million at June 30, 2019 and $832 million at Dec. 31, 2018 that were included in the former Grantor Trust. (d) Includes non-investment grade sovereign debt/sovereign guaranteed securities related to Brazil of $113 million at June 30, 2019 and $107 million at Dec. 31, 2018 . Assets and liabilities measured at fair value on a nonrecurring basis Under certain circumstances, we make adjustments to the fair value of our assets, liabilities and unfunded lending-related commitments although they are not measured at fair value on an ongoing basis. Examples would be the recording of an impairment of an asset and non-readily marketable equity securities carried at cost with upward or downward adjustments. The following table presents the financial instruments carried on the consolidated balance sheet by caption and level in the fair value hierarchy as of June 30, 2019 and Dec. 31, 2018 , for which a nonrecurring change in fair value has been recorded in the respective year. Assets measured at fair value on a nonrecurring basis June 30, 2019 Dec. 31, 2018 Total carrying value Total carrying value (in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Loans (a) $ — $ 58 $ 4 $ 62 $ — $ 64 $ 4 $ 68 Other assets (b) — 63 — 63 — 57 — 57 Total assets at fair value on a nonrecurring basis $ — $ 121 $ 4 $ 125 $ — $ 121 $ 4 $ 125 (a) The fair value of these loans decreased less than $1 million in the quarters ended June 30, 2019 and Dec. 31, 2018 , based on the fair value of the underlying collateral, as required by guidance in ASC 310, Receivables, with an offset to the allowance for credit losses. (b) Includes non-readily marketable equity securities carried at cost with upward or downward adjustments and other assets received in satisfaction of debt. Estimated fair value of financial instruments The following tables present the estimated fair value and the carrying amount of financial instruments not carried at fair value on the consolidated balance sheet at June 30, 2019 and Dec. 31, 2018 , by caption on the consolidated balance sheet and by the valuation hierarchy. Summary of financial instruments June 30, 2019 (in millions) Level 1 Level 2 Level 3 Total Carrying Assets: Interest-bearing deposits with the Federal Reserve and other central banks $ — $ 69,700 $ — $ 69,700 $ 69,700 Interest-bearing deposits with banks — 15,515 — 15,515 15,491 Federal funds sold and securities purchased under resale agreements — 61,201 — 61,201 61,201 Securities held-to-maturity 5,344 29,351 — 34,695 34,549 Loans (a) — 51,425 — 51,425 51,025 Other financial assets 5,556 1,316 — 6,872 6,872 Total $ 10,900 $ 228,508 $ — $ 239,408 $ 238,838 Liabilities: Noninterest-bearing deposits $ — $ 58,255 $ — $ 58,255 $ 58,255 Interest-bearing deposits — 193,698 — 193,698 194,622 Federal funds purchased and securities sold under repurchase agreements — 11,757 — 11,757 11,757 Payables to customers and broker-dealers — 18,946 — 18,946 18,946 Commercial paper — 8,894 — 8,894 8,894 Borrowings — 2,283 — 2,283 2,283 Long-term debt — 28,365 — 28,365 27,820 Total $ — $ 322,198 $ — $ 322,198 $ 322,577 (a) Does not include the leasing portfolio. Summary of financial instruments Dec. 31, 2018 (in millions) Level 1 Level 2 Level 3 Total estimated Carrying Assets: Interest-bearing deposits with the Federal Reserve and other central banks $ — $ 67,988 $ — $ 67,988 $ 67,988 Interest-bearing deposits with banks — 14,168 — 14,168 14,148 Federal funds sold and securities purchased under resale agreements — 46,795 — 46,795 46,795 Securities held-to-maturity 5,512 27,790 — 33,302 33,982 Loans (a) — 55,142 — 55,142 55,161 Other financial assets 5,864 1,383 — 7,247 7,247 Total $ 11,376 $ 213,266 $ — $ 224,642 $ 225,321 Liabilities: Noninterest-bearing deposits $ — $ 70,783 $ — $ 70,783 $ 70,783 Interest-bearing deposits — 165,914 — 165,914 167,995 Federal funds purchased and securities sold under repurchase agreements — 14,243 — 14,243 14,243 Payables to customers and broker-dealers — 19,731 — 19,731 19,731 Commercial paper — 1,939 — 1,939 1,939 Borrowings — 3,584 — 3,584 3,584 Long-term debt — 28,347 — 28,347 28,792 Total $ — $ 304,541 $ — $ 304,541 $ 307,067 (a) Does not include the leasing portfolio. The table below summarizes the carrying amount of the hedged financial instruments, the notional amount of the hedge and the unrealized gain (loss) (estimated fair value) of the derivatives. Hedged financial instruments Carrying amount Notional amount of hedge Unrealized (a) (in millions) Gain (Loss) June 30, 2019 Securities available-for-sale (b) $ 18,347 $ 18,283 $ — $ (311 ) Long-term debt 15,344 15,050 — — Dec. 31, 2018 Securities available-for-sale (b) $ 19,349 $ 19,437 $ 24 $ (74 ) Long-term debt 16,147 16,600 — — (a) Unrealized gain/loss amounts reflect the fact that certain of the derivatives are cleared and settled through central clearing counterparties where cash collateral received and paid is deemed a settlement of the derivative. (b) Includes foreign exchange fair value hedges with carrying values of $145 million and $148 million , notional amounts of $145 million and $147 million and an unrealized gain of less than $1 million and $1 million at June 30, 2019 and Dec. 31, 2018 , respectively.

Fair value option

Fair value option	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair value option	Fair value option We elected fair value as an alternative measurement for selected financial assets and liabilities. The following table presents the assets and liabilities of consolidated investment management funds, at fair value. Assets and liabilities of consolidated investment management funds, at fair value June 30, 2019 Dec. 31, 2018 (in millions) Assets of consolidated investment management funds: Trading assets $ 314 $ 243 Other assets 23 220 Total assets of consolidated investment management funds $ 337 $ 463 Liabilities of consolidated investment management funds: Other liabilities $ 6 $ 2 Total liabilities of consolidated investment management funds $ 6 $ 2 BNY Mellon values the assets and liabilities of its consolidated investment management funds using quoted prices for identical assets or liabilities in active markets or observable inputs such as quoted prices for similar assets or liabilities. Quoted prices for either identical or similar assets or liabilities in inactive markets may also be used. Accordingly, fair value best reflects the interests BNY Mellon holds in the economic performance of the consolidated investment management funds. Changes in the value of the assets and liabilities are recorded in the consolidated income statement as investment income of consolidated investment management funds and in the interest of investment management fund note holders, respectively. We have elected the fair value option on $240 million of long-term debt. The fair value of this long-term debt was $383 million at June 30, 2019 and $371 million at Dec. 31, 2018 . The long-term debt is valued using observable market inputs and is included in Level 2 of the valuation hierarchy. The following table presents the changes in fair value of long-term debt recorded in foreign exchange and other trading revenue in the consolidated income statement. Foreign exchange and other trading revenue (a) (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Long-term debt $ (7 ) $ (5 ) $ — $ (12 ) $ 4 (a) The changes in fair value are approximately offset by an economic hedge included in foreign exchange and other trading revenue.

Derivative instruments

Derivative instruments	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative instruments	Derivative instruments We use derivatives to manage exposure to market risk, including interest rate risk, equity price risk and foreign currency risk, as well as credit risk. Our trading activities are focused on acting as a market-maker for our customers and facilitating customer trades in compliance with the Volcker Rule. The notional amounts for derivative financial instruments express the dollar volume of the transactions; however, credit risk is much smaller. We perform credit reviews and enter into netting agreements and collateral arrangements to minimize the credit risk of derivative financial instruments. We enter into offsetting positions to reduce exposure to foreign currency, interest rate and equity price risk. Use of derivative financial instruments involves reliance on counterparties. Failure of a counterparty to honor its obligation under a derivative contract is a risk we assume whenever we engage in a derivative contract. There were no counterparty default losses recorded in the second quarter of 2019 . Hedging derivatives We utilize interest rate swap agreements to manage our exposure to interest rate fluctuations. We enter into fair value hedges as an interest rate risk management strategy to reduce fair value variability by converting certain fixed rate interest payments associated with available-for-sale securities and long-term debt to LIBOR. We also utilize interest rate swaps and forward exchange contracts as cash flow hedges to manage our exposure to interest and foreign exchange rate changes. The available-for-sale securities hedged consist of U.S. Treasury bonds, agency and non-agency commercial MBS, sovereign debt, corporate bonds and covered bonds that had original maturities of 30 years or less at initial purchase. At June 30, 2019 , $18.1 billion face amount of available-for-sale securities were hedged with interest rate swaps designated as fair value hedges that had notional values of $18.1 billion . The fixed rate long-term debt instruments hedged generally have original maturities of five to 30 years. In fair value hedging relationships, debt is hedged with “receive fixed rate, pay variable rate” swaps. At June 30, 2019 , $14.1 billion par value of debt was hedged with interest rate swaps designated as fair value hedges that had notional values of $14.1 billion . In addition, at June 30, 2019 , the Company utilized interest rate swaps with notional values of $1.0 billion as cash flow hedges to convert floating rate long-term debt with a par value of $1.0 billion to a fixed interest rate. A pre-tax loss of $2 million was recognized in OCI related to the cash flow hedges at June 30, 2019 and will be reclassified to earnings over the next 12 months . In addition, we utilize forward foreign exchange contracts as hedges to mitigate foreign exchange exposures. We use forward foreign exchange contracts as cash flow hedges to convert certain forecasted non-U.S. dollar revenue and expenses into U.S. dollars. We use forward foreign exchange contracts with maturities of 12 months or less as cash flow hedges to hedge our foreign exchange exposure to Indian rupee, British pound, Hong Kong dollar, Singapore dollar and Polish zloty revenue and expense transactions in entities that have the U.S. dollar as their functional currency. As of June 30, 2019 , the hedged forecasted foreign currency transactions and designated forward foreign exchange contract hedges were $272 million (notional), with a pre-tax gain of $8 million recorded in accumulated OCI. This gain will be reclassified to earnings over the next 12 months . We also utilize forward foreign exchange contracts as fair value hedges of the foreign exchange risk associated with available-for-sale securities. Forward points are designated as an excluded component and amortized into earnings over the hedge period. The unamortized derivative value associated with the excluded component is recognized in accumulated OCI. At June 30, 2019 , $145 million face amount of available-for-sale securities were hedged with foreign currency forward contracts that had a notional value of $145 million . Forward foreign exchange contracts are also used to hedge the value of our net investments in foreign subsidiaries. These forward foreign exchange contracts have maturities of less than one year . The derivatives employed are designated as hedges of changes in value of our foreign investments due to exchange rates. Changes in the value of the forward foreign exchange contracts offset the changes in value of the foreign investments due to changes in foreign exchange rates. The change in fair market value of these forward foreign exchange contracts is reported within foreign currency translation adjustments in shareholders’ equity, net of tax. At June 30, 2019 , forward foreign exchange contracts with notional amounts totaling $7.3 billion were designated as net investment hedges. In addition to forward foreign exchange contracts, we also designate non-derivative financial instruments as hedges of our net investments in foreign subsidiaries. Those non-derivative financial instruments designated as hedges of our net investments in foreign subsidiaries were all long-term liabilities of BNY Mellon in various currencies, and, at June 30, 2019 , had a combined U.S. dollar equivalent value of $174 million . The following table presents the gains (losses) related to our hedging derivative portfolio recognized in the consolidated income statement. Income statement impact of fair value and cash flow hedges (in millions) Location of gains (losses) 2Q19 1Q19 2Q18 YTD19 YTD18 Interest rate fair value hedges of available-for-sale securities Derivative Interest revenue $ (486 ) $ (383 ) $ 136 $ (869 ) $ 533 Hedged item Interest revenue 480 376 (133 ) 856 (516 ) Interest rate fair value hedges of long-term debt Derivative Interest expense 300 185 (131 ) 485 (509 ) Hedged item Interest expense (298 ) (184 ) 129 (482 ) 506 Foreign exchange fair value hedges of available-for-sale securities Derivative (a) Other revenue (5 ) 6 — 1 — Hedged item Other revenue 5 (5 ) — — — Cash flow hedges of forecasted FX exposures (Loss) gain reclassified from OCI into income Other revenue — — (1 ) — 3 (Loss) gain reclassified from OCI into income Staff expense — (1 ) 2 (1 ) 8 (Loss) gain recognized in the consolidated income statement due to fair value and cash flow hedging relationships (b) $ (4 ) $ (6 ) $ 2 $ (10 ) $ 25 (a) Includes a de minimis gain in the second quarter of 2019 and a gain of $1 million in the first quarter of 2019 and first six months of 2019 associated with the amortization of the excluded component. At June 30, 2019 and Dec. 31, 2018 , the remaining accumulated OCI balance associated with the excluded component was de minimis. (b) Includes a (loss) on cash flow hedges of long-term debt of less than $(1) million in the second quarter of 2019 , first quarter of 2019 and first six months of 2019 . The following table presents the impact of hedging derivatives used in net investment hedging relationships in the consolidated income statement. Impact of derivative instruments used in net investment hedging relationships in the income statement (in millions) Gain or (loss) recognized in accumulated OCI on derivatives Gain or (loss) reclassified from accumulated OCI into income Derivatives in net investment hedging relationships Location of gain or (loss) reclassified from accumulated OCI into income 2Q19 1Q19 2Q18 YTD19 YTD18 2Q19 1Q19 2Q18 YTD19 YTD18 FX contracts $ 76 $ (6 ) $ 429 $ 70 $ 271 Net interest revenue $ — $ — $ — $ — $ — The following table presents information on the hedged items in fair value hedging relationships. Hedged items in fair value hedging relationships Carrying amount of hedged asset or liability Hedge accounting basis adjustment increase (decrease) (a) (in millions) June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 Available-for-sale securities (b) $ 18,202 $ 19,201 $ 692 $ (125 ) Long-term debt $ 14,344 $ 16,147 $ 72 $ (453 ) (a) Includes $38 million and $- million of basis adjustment decreases on discontinued hedges associated with available-for-sale securities at June 30, 2019 and Dec. 31, 2018 , respectively, and $242 million and $284 million of basis adjustment decreases on discontinued hedges associated with long-term debt at June 30, 2019 and Dec. 31, 2018 , respectively. (b) Excludes hedged items where only foreign currency risk is the designated hedged risk, as the basis adjustments related to foreign currency hedges will not reverse through the consolidated income statement in future periods. The carrying amount excluded for available-for-sale securities was $145 million at June 30, 2019 and $148 million at Dec. 31, 2018 . The following table summarizes the notional amount and credit exposure of our total derivative portfolio at June 30, 2019 and Dec. 31, 2018 . Impact of derivative instruments on the balance sheet Notional value Asset derivatives fair value Liability derivatives fair value June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 (in millions) Derivatives designated as hedging instruments: (a)(b) Interest rate contracts $ 33,188 $ 35,890 $ — $ 23 $ 311 $ 74 Foreign exchange contracts 7,693 6,330 156 266 24 14 Total derivatives designated as hedging instruments $ 156 $ 289 $ 335 $ 88 Derivatives not designated as hedging instruments: (b)(c) Interest rate contracts $ 302,029 $ 248,534 $ 4,268 $ 3,590 $ 3,625 $ 3,116 Foreign exchange contracts 850,236 831,730 4,083 4,807 3,952 5,215 Equity contracts 1,573 927 46 68 4 118 Credit contracts 165 150 — — 3 1 Total derivatives not designated as hedging instruments $ 8,397 $ 8,465 $ 7,584 $ 8,450 Total derivatives fair value (d) $ 8,553 $ 8,754 $ 7,919 $ 8,538 Effect of master netting agreements (e) (5,568 ) (5,939 ) (5,297 ) (6,170 ) Fair value after effect of master netting agreements $ 2,985 $ 2,815 $ 2,622 $ 2,368 (a) The fair value of asset derivatives and liability derivatives designated as hedging instruments is recorded as other assets and other liabilities, respectively, on the consolidated balance sheet. (b) For derivative transactions settled at clearing organizations, cash collateral exchanged is deemed a settlement of the derivative each day. The settlement reduces the gross fair value of derivative assets and liabilities and a corresponding decrease in the effect of master netting agreements, with no impact to the consolidated balance sheet. (c) The fair value of asset derivatives and liability derivatives not designated as hedging instruments is recorded as trading assets and trading liabilities, respectively, on the consolidated balance sheet. (d) Fair values are on a gross basis, before consideration of master netting agreements, as required by ASC 815, Derivatives and Hedging. (e) Effect of master netting agreements includes cash collateral received and paid of $836 million and $565 million , respectively, at June 30, 2019 , and $809 million and $1,040 million , respectively, at Dec. 31, 2018 . Trading activities (including trading derivatives) Our trading activities are focused on acting as a market-maker for our customers, facilitating customer trades and risk mitigating economic hedging in compliance with the Volcker Rule. The change in the fair value of the derivatives utilized in our trading activities is recorded in foreign exchange and other trading revenue on the consolidated income statement. The following table presents our foreign exchange and other trading revenue. Foreign exchange and other trading revenue (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Foreign exchange $ 150 $ 160 $ 171 $ 310 $ 354 Other trading revenue 16 10 16 26 42 Total foreign exchange and other trading revenue $ 166 $ 170 $ 187 $ 336 $ 396 Foreign exchange revenue includes income from purchasing and selling foreign currencies and currency forwards, futures and options. Other trading revenue reflects results from trading in cash instruments including fixed income and equity securities and non-foreign exchange derivatives. We also use derivative financial instruments as risk mitigating economic hedges, which are not formally designated as accounting hedges. This includes hedging the foreign currency, interest rate or market risks inherent in some of our balance sheet exposures, such as seed capital investments and deposits, as well as certain investment management fee revenue streams. We also use total return swaps to economically hedge obligations arising from the Company’s deferred compensation plan whereby the participants defer compensation and earn a return linked to the performance of investments they select. The gains or losses on these total return swaps are recorded in staff expense on the consolidated income statement and were a gain of $5 million in the second quarter of 2019 , $2 million in the second quarter of 2018 , $18 million in the first quarter of 2019 , $23 million in the first six months of 2019 and a loss of $1 million in the first six months of 2018 . We manage trading risk through a system of position limits, a VaR methodology based on historical simulation and other market sensitivity measures. Risk is monitored and reported to senior management by a separate unit, independent from trading, on a daily basis. Based on certain assumptions, the VaR methodology is designed to capture the potential overnight pre-tax dollar loss from adverse changes in fair values of all trading positions. The calculation assumes a one-day holding period, utilizes a 99% confidence level and incorporates non-linear product characteristics. The VaR model is one of several statistical models used to develop economic capital results, which are allocated to lines of business for computing risk-adjusted performance. VaR methodology does not evaluate risk attributable to extraordinary financial, economic or other occurrences. As a result, the risk assessment process includes a number of stress scenarios based upon the risk factors in the portfolio and management’s assessment of market conditions. Additional stress scenarios based upon historical market events are also performed. Stress tests may incorporate the impact of reduced market liquidity and the breakdown of historically observed correlations and extreme scenarios. VaR and other statistical measures, stress testing and sensitivity analysis are incorporated in other risk management materials. Counterparty credit risk and collateral We assess credit risk of our counterparties through regular examination of their financial statements, confidential communication with the management of those counterparties and regular monitoring of publicly available credit rating information. This and other information is used to develop proprietary credit rating metrics used to assess credit quality. Collateral requirements are determined after a comprehensive review of the credit quality of each counterparty. Collateral is generally held or pledged in the form of cash and/or highly liquid government securities. Collateral requirements are monitored and adjusted daily. Additional disclosures concerning derivative financial instruments are provided in Note 16. Disclosure of contingent features in OTC derivative instruments Certain OTC derivative contracts and/or collateral agreements contain credit-risk contingent features triggered upon a rating downgrade in which the counterparty has the right to request additional collateral or the right to terminate the contracts in a net liability position. The following table shows the aggregate fair value of OTC derivative contracts in net liability positions that contained credit-risk contingent features and the value of collateral that has been posted. June 30, 2019 Dec. 31, 2018 (in millions) Aggregate fair value of OTC derivatives in net liability positions (a) $ 3,296 $ 2,877 Collateral posted $ 3,443 $ 2,801 (a) Before consideration of cash collateral. The aggregate fair value of OTC derivative contracts containing credit-risk contingent features can fluctuate from quarter to quarter due to changes in market conditions, composition of counterparty trades, new business or changes to the contingent features. The Bank of New York Mellon, our largest banking subsidiary, enters into the substantial majority of our OTC derivative contracts and/or collateral agreements. As such, the contingent features may be triggered if The Bank of New York Mellon’s long-term issuer rating was downgraded. The following table shows the fair value of contracts falling under early termination provisions that were in net liability positions for three key ratings triggers. Potential close-out exposures (fair value) (a) (in millions) June 30, 2019 Dec. 31, 2018 If The Bank of New York Mellon’s rating changed to: (b) A3/A- $ 8 $ 15 Baa2/BBB $ 358 $ 116 Ba1/BB+ $ 1,493 $ 1,041 (a) The amounts represent potential total close-out values if The Bank of New York Mellon’s long-term issuer rating were to immediately drop to the indicated levels, and do not reflect collateral posted. (b) Represents rating by Moody’s/S&P. If The Bank of New York Mellon’s debt rating had fallen below investment grade on June 30, 2019 and Dec. 31, 2018 , existing collateral arrangements would have required us to post additional collateral of $66 million and $100 million , respectively. Offsetting assets and liabilities The following tables present derivative instruments and financial instruments that are either subject to an enforceable netting agreement or offset by collateral arrangements. There were no derivative instruments or financial instruments subject to a legally enforceable netting agreement for which we are not currently netting. Offsetting of derivative assets and financial assets at June 30, 2019 Gross assets recognized Gross amounts offset in the balance sheet Net assets recognized in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral received Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 2,963 $ 2,347 $ 616 $ 181 $ — $ 435 Foreign exchange contracts 3,729 3,213 516 10 — 506 Equity and other contracts 33 8 25 — — 25 Total derivatives subject to netting arrangements 6,725 5,568 1,157 191 — 966 Total derivatives not subject to netting arrangements 1,828 — 1,828 — — 1,828 Total derivatives 8,553 5,568 2,985 191 — 2,794 Reverse repurchase agreements 127,691 78,433 (b) 49,258 49,245 — 13 Securities borrowing 11,943 — 11,943 11,618 — 325 Total $ 148,187 $ 84,001 $ 64,186 $ 61,054 $ — $ 3,132 (a) Includes the effect of netting agreements and net cash collateral received. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of reverse repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system. Offsetting of derivative assets and financial assets at Dec. 31, 2018 Gross assets recognized Gross amounts offset in the balance sheet Net assets recognized in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral received Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 2,654 $ 2,202 $ 452 $ 133 $ — $ 319 Foreign exchange contracts 4,409 3,724 685 70 — 615 Equity and other contracts 38 13 25 — — 25 Total derivatives subject to netting arrangements 7,101 5,939 1,162 203 — 959 Total derivatives not subject to netting arrangements 1,653 — 1,653 — — 1,653 Total derivatives 8,754 5,939 2,815 203 — 2,612 Reverse repurchase agreements 112,245 76,040 (b) 36,205 36,205 — — Securities borrowing 10,588 — 10,588 10,286 — 302 Total $ 131,587 $ 81,979 $ 49,608 $ 46,694 $ — $ 2,914 (a) Includes the effect of netting agreements and net cash collateral received. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of reverse repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system. Offsetting of derivative liabilities and financial liabilities at June 30, 2019 Net liabilities recognized in the balance sheet Gross liabilities recognized Gross amounts offset in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral pledged Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 3,885 $ 2,637 $ 1,248 $ 1,187 $ — $ 61 Foreign exchange contracts 3,475 2,660 815 139 — 676 Equity and other contracts 4 — 4 — — 4 Total derivatives subject to netting arrangements 7,364 5,297 2,067 1,326 — 741 Total derivatives not subject to netting arrangements 555 — 555 — — 555 Total derivatives 7,919 5,297 2,622 1,326 — 1,296 Repurchase agreements 87,308 78,433 (b) 8,875 8,875 — — Securities lending 871 — 871 840 — 31 Total $ 96,098 $ 83,730 $ 12,368 $ 11,041 $ — $ 1,327 (a) Includes the effect of netting agreements and net cash collateral paid. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system. Offsetting of derivative liabilities and financial liabilities at Dec. 31, 2018 Net liabilities recognized in the balance sheet Gross liabilities recognized Gross amounts offset in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral pledged Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 3,144 $ 2,508 $ 636 $ 547 $ — $ 89 Foreign exchange contracts 4,747 3,626 1,121 187 — 934 Equity and other contracts 75 36 39 37 — 2 Total derivatives subject to netting arrangements 7,966 6,170 1,796 771 — 1,025 Total derivatives not subject to netting arrangements 572 — 572 — — 572 Total derivatives 8,538 6,170 2,368 771 — 1,597 Repurchase agreements 84,665 76,040 (b) 8,625 8,625 — — Securities lending 997 — 997 937 — 60 Total $ 94,200 $ 82,210 $ 11,990 $ 10,333 $ — $ 1,657 (a) Includes the effect of netting agreements and net cash collateral paid. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system. Secured borrowings The following table presents the contract value of repurchase agreements and securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties. Repurchase agreements and securities lending transactions accounted for as secured borrowings June 30, 2019 Dec. 31, 2018 Remaining contractual maturity Total Remaining contractual maturity Total (in millions) Overnight and continuous Up to 30 days 30 days or more Overnight and continuous Up to 30 days 30 days or more Repurchase agreements: U.S. Treasury $ 80,367 $ — $ — $ 80,367 $ 76,822 $ — $ — $ 76,822 U.S. government agencies 826 — — 826 759 — — 759 Agency RMBS 2,205 — — 2,205 3,184 — 4 3,188 Corporate bonds 335 — 1,485 1,820 416 — 1,413 1,829 Other debt securities 284 — 931 1,215 271 — 1,106 1,377 Equity securities 241 — 634 875 163 — 527 690 Total $ 84,258 $ — $ 3,050 $ 87,308 $ 81,615 $ — $ 3,050 $ 84,665 Securities lending: U.S. government agencies $ 30 $ — $ — $ 30 $ 7 $ — $ — $ 7 Other debt securities 200 — — 200 294 — — 294 Equity securities 641 — — 641 696 — — 696 Total $ 871 $ — $ — $ 871 $ 997 $ — $ — $ 997 Total borrowings $ 85,129 $ — $ 3,050 $ 88,179 $ 82,612 $ — $ 3,050 $ 85,662 BNY Mellon’s repurchase agreements and securities lending transactions primarily encounter risk associated with liquidity. We are required to pledge collateral based on predetermined terms within the agreements. If we were to experience a decline in the fair value of the collateral pledged for these transactions, we could be required to provide additional collateral to the counterparty, therefore decreasing the amount of assets available for other liquidity needs that may arise. BNY Mellon also offers tri-party collateral agency services in the tri-party repo market where we are exposed to credit risk. In order to mitigate this risk, we require dealers to fully secure intraday credit.

Commitments and contingent liab

Commitments and contingent liabilities	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingent liabilities	Commitments and contingent liabilities Off-balance sheet arrangements In the normal course of business, various commitments and contingent liabilities are outstanding that are not reflected in the accompanying consolidated balance sheets. Our significant trading and off-balance sheet risks are securities, foreign currency and interest rate risk management products, commercial lending commitments, letters of credit and securities lending indemnifications. We assume these risks to reduce interest rate and foreign currency risks, to provide customers with the ability to meet credit and liquidity needs and to hedge foreign currency and interest rate risks. These items involve, to varying degrees, credit, foreign currency and interest rate risks not recognized on the balance sheet. Our off-balance sheet risks are managed and monitored in manners similar to those used for on-balance sheet risks. The following table presents a summary of our off-balance sheet credit risks. Off-balance sheet credit risks June 30, 2019 Dec. 31, 2018 (in millions) Lending commitments $ 51,191 $ 50,631 Standby letters of credit (a) 2,465 2,817 Commercial letters of credit 60 165 Securities lending indemnifications (b)(c) 406,180 401,504 (a) Net of participations totaling $162 million at June 30, 2019 and $163 million at Dec. 31, 2018 . (b) Excludes the indemnification for securities for which BNY Mellon acts as an agent on behalf of CIBC Mellon clients, which totaled $62 billion at June 30, 2019 and $56 billion at Dec. 31, 2018 . (c) Includes cash collateral, invested in indemnified repurchase agreements, held by us as securities lending agent of $45 billion at June 30, 2019 and $35 billion at Dec. 31, 2018 . The total potential loss on undrawn lending commitments, standby and commercial letters of credit, and securities lending indemnifications is equal to the total notional amount if drawn upon, which does not consider the value of any collateral. Since many of the lending commitments are expected to expire without being drawn upon, the total amount does not necessarily represent future cash requirements. A summary of lending commitment maturities is as follows: $31.8 billion in less than one year, $18.9 billion in one to five years and $539 million over five years. SBLCs principally support obligations of corporate clients and were collateralized with cash and securities of $219 million at June 30, 2019 and $223 million at Dec. 31, 2018 . At June 30, 2019 , $1.6 billion of the SBLCs will expire within one year and $831 million in one to five years. We must recognize, at the inception of an SBLC and foreign and other guarantees, a liability for the fair value of the obligation undertaken in issuing the guarantee. The fair value of the liability, which was recorded with a corresponding asset in other assets, was estimated as the present value of contractual customer fees. The estimated liability for losses related to SBLCs and foreign and other guarantees, if any, is included in the allowance for lending-related commitments. Payment/performance risk of SBLCs is monitored using both historical performance and internal ratings criteria. BNY Mellon’s historical experience is that SBLCs typically expire without being funded. SBLCs below investment grade are monitored closely for payment/performance risk. The table below shows SBLCs by investment grade: Standby letters of credit June 30, 2019 Dec. 31, 2018 Investment grade 90 % 89 % Non-investment grade 10 % 11 % A commercial letter of credit is normally a short-term instrument used to finance a commercial contract for the shipment of goods from a seller to a buyer. Although the commercial letter of credit is contingent upon the satisfaction of specified conditions, it represents a credit exposure if the buyer defaults on the underlying transaction. As a result, the total contractual amounts do not necessarily represent future cash requirements. Commercial letters of credit totaled $60 million at June 30, 2019 and $165 million at Dec. 31, 2018 . We expect many of the lending commitments and letters of credit to expire without the need to advance any cash. The revenue associated with guarantees frequently depends on the credit rating of the obligor and the structure of the transaction, including collateral, if any. The allowance for lending-related commitments was $95 million at June 30, 2019 and $106 million at Dec. 31, 2018 . A securities lending transaction is a fully collateralized transaction in which the owner of a security agrees to lend the security (typically through an agent, in our case, The Bank of New York Mellon), to a borrower, usually a broker-dealer or bank, on an open, overnight or term basis, under the terms of a prearranged contract. We typically lend securities with indemnification against borrower default. We generally require the borrower to provide collateral with a minimum value of 102% of the fair value of the securities borrowed, which is monitored on a daily basis, thus reducing credit risk. Market risk can also arise in securities lending transactions. These risks are controlled through policies limiting the level of risk that can be undertaken. Securities lending transactions are generally entered into only with highly rated counterparties. Securities lending indemnifications were secured by collateral of $425 billion at June 30, 2019 and $420 billion at Dec. 31, 2018 . CIBC Mellon, a joint venture between BNY Mellon and the Canadian Imperial Bank of Commerce (“CIBC”), engages in securities lending activities. CIBC Mellon, BNY Mellon and CIBC jointly and severally indemnify securities lenders against specific types of borrower default. At June 30, 2019 and Dec. 31, 2018 , $62 billion and $56 billion , respectively, of borrowings at CIBC Mellon, for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, were secured by collateral of $66 billion and $59 billion , respectively. If, upon a default, a borrower’s collateral was not sufficient to cover its related obligations, certain losses related to the indemnification could be covered by the indemnitors. Unsettled repurchase and reverse repurchase agreements In the normal course of business, we enter into repurchase agreements and reverse repurchase agreements that settle at a future date. In repurchase agreements, BNY Mellon receives cash from and provides securities as collateral to a counterparty at settlement. In reverse repurchase agreements, BNY Mellon advances cash to and receives securities as collateral from the counterparty at settlement. These transactions are recorded on the consolidated balance sheet on settlement date. At June 30, 2019 , we had $275 million of unsettled repurchase agreements and $28.4 billion of unsettled reverse repurchase agreements which all settled the following day. Industry concentrations We have significant industry concentrations related to credit exposure at June 30, 2019 . The tables below present our credit exposure in the financial institutions and commercial portfolios. Financial institutions portfolio exposure (in billions) June 30, 2019 Loans Unfunded commitments Total exposure Securities industry $ 2.5 $ 24.3 $ 26.8 Asset managers 1.4 6.7 8.1 Banks 6.5 1.0 7.5 Insurance 0.1 2.4 2.5 Government 0.1 0.3 0.4 Other 0.9 0.9 1.8 Total $ 11.5 $ 35.6 $ 47.1 Commercial portfolio exposure (in billions) June 30, 2019 Loans Unfunded commitments Total exposure Manufacturing $ 0.7 $ 4.7 $ 5.4 Services and other 0.7 3.9 4.6 Energy and utilities 0.3 3.8 4.1 Media and telecom — 1.2 1.2 Total $ 1.7 $ 13.6 $ 15.3 Major concentrations in securities lending are primarily to broker-dealers and are generally collateralized with cash and/or securities. Exposure for certain administrative errors In connection with certain offshore tax-exempt funds that we manage, we may be liable to the funds for certain administrative errors. The errors relate to the resident status of such funds, potentially exposing the Company to a tax liability related to the funds’ earnings. The Company is in discussions with tax authorities regarding the funds. We believe we are appropriately accrued and the additional reasonably possible exposure is not significant. Sponsored Member Repo Program BNY Mellon is a sponsoring member in the FICC sponsored member program, where we submit eligible overnight repurchase and reverse repurchase transactions in U.S. treasury securities (“Sponsored Member Transactions”) between BNY Mellon and our sponsored member clients for novation and clearing through FICC pursuant to the FICC Government Securities Division rulebook (the “FICC Rules”). We also guarantee to FICC the prompt and full payment and performance of our sponsored member clients’ respective obligations under the FICC Rules in connection with such clients’ Sponsored Member Transactions. We minimize our credit exposure under this guaranty by obtaining a security interest in our sponsored member clients’ collateral and rights under Sponsored Member Transactions. See “Offsetting assets and liabilities” in Note 18 for additional information on our repurchase and reverse repurchase agreements. Indemnification arrangements We have provided standard representations for underwriting agreements, acquisition and divestiture agreements, sales of loans and commitments, and other similar types of arrangements and customary indemnification for claims and legal proceedings related to providing financial services that are not otherwise included above. Insurance has been purchased to mitigate certain of these risks. Generally, there are no stated or notional amounts included in these indemnifications and the contingencies triggering the obligation for indemnification are not expected to occur. Furthermore, often counterparties to these transactions provide us with comparable indemnifications. We are unable to develop an estimate of the maximum payout under these indemnifications for several reasons. In addition to the lack of a stated or notional amount in a majority of such indemnifications, we are unable to predict the nature of events that would trigger indemnification or the level of indemnification for a certain event. We believe, however, that the possibility that we will have to make any material payments for these indemnifications is remote. At June 30, 2019 and Dec. 31, 2018 , we have not recorded any material liabilities under these arrangements. Clearing and settlement exchanges We are a noncontrolling equity investor in, and/or member of, several industry clearing or settlement exchanges through which foreign exchange, securities, derivatives or other transactions settle. Certain of these industry clearing and settlement exchanges require their members to guarantee their obligations and liabilities and/or to provide liquidity support in the event other members do not honor their obligations. We believe the likelihood that a clearing or settlement exchange (of which we are a member) would become insolvent is remote. Additionally, certain settlement exchanges have implemented loss allocation policies that enable the exchange to allocate settlement losses to the members of the exchange. It is not possible to quantify such mark-to-market loss until the loss occurs. Any ancillary costs that occur as a result of any mark-to-market loss cannot be quantified. In addition, we also sponsor clients as members on clearing and settlement exchanges and guarantee their obligations. At June 30, 2019 and Dec. 31, 2018 , we have not recorded any material liabilities under these arrangements. Legal proceedings In the ordinary course of business, BNY Mellon is routinely named as defendants in or made parties to pending and potential legal actions. We also are subject to governmental and regulatory examinations, information-gathering requests, investigations and proceedings (both formal and informal). Claims for significant monetary damages are often asserted in many of these legal actions, while claims for disgorgement, restitution, penalties and/or other remedial actions or sanctions may be sought in governmental and regulatory matters. It is inherently difficult to predict the eventual outcomes of such matters given their complexity and the particular facts and circumstances at issue in each of these matters. However, on the basis of our current knowledge and understanding, we do not believe that judgments, settlements or orders, if any, arising from these matters (either individually or in the aggregate, after giving effect to applicable reserves and insurance coverage) will have a material adverse effect on the consolidated financial position or liquidity of BNY Mellon, although they could have a material effect on our results of operations in a given period. In view of the inherent unpredictability of outcomes in litigation and regulatory matters, particularly where (i) the damages sought are substantial or indeterminate, (ii) the proceedings are in the early stages, or (iii) the matters involve novel legal theories or a large number of parties, as a matter of course there is considerable uncertainty surrounding the timing or ultimate resolution of litigation and regulatory matters, including a possible eventual loss, fine, penalty or business impact, if any, associated with each such matter. In accordance with applicable accounting guidance, BNY Mellon establishes accruals for litigation and regulatory matters when those matters proceed to a stage where they present loss contingencies that are both probable and reasonably estimable. In such cases, there may be a possible exposure to loss in excess of any amounts accrued. BNY Mellon regularly monitors such matters for developments that could affect the amount of the accrual, and will adjust the accrual amount as appropriate. If the loss contingency in question is not both probable and reasonably estimable, BNY Mellon does not establish an accrual and the matter continues to be monitored for any developments that would make the loss contingency both probable and reasonably estimable. BNY Mellon believes that its accruals for legal proceedings are appropriate and, in the aggregate, are not material to the consolidated financial position of BNY Mellon, although future accruals could have a material effect on the results of operations in a given period. For certain of those matters described here for which a loss contingency may, in the future, be reasonably possible (whether in excess of a related accrued liability or where there is no accrued liability), BNY Mellon is currently unable to estimate a range of reasonably possible loss. For those matters described here where BNY Mellon is able to estimate a reasonably possible loss, the aggregate range of such reasonably possible loss is up to $930 million in excess of the accrued liability (if any) related to those matters. The following describes certain judicial, regulatory and arbitration proceedings involving BNY Mellon: Mortgage-Securitization Trusts Proceedings The Bank of New York Mellon has been named as a defendant in a number of legal actions brought by MBS investors alleging that the trustee has expansive duties under the governing agreements, including the duty to investigate and pursue breach of representation and warranty claims against other parties to the MBS transactions. These actions include a lawsuit brought in New York State court on June 18, 2014, and later re-filed in federal court, by a group of institutional investors who purport to sue on behalf of 233 MBS trusts. Matters Related to R. Allen Stanford In late December 2005, Pershing LLC (“Pershing”) became a clearing firm for Stanford Group Co. (“SGC”), a registered broker-dealer that was part of a group of entities ultimately controlled by R. Allen Stanford (“Stanford”). Stanford International Bank (“SIB”), also controlled by Stanford, issued certificates of deposit (“CDs”). Some investors allegedly wired funds from their SGC accounts to purchase CDs. In 2009, the SEC charged Stanford with operating a Ponzi scheme in connection with the sale of CDs, and SGC was placed into receivership. Alleged purchasers of CDs have filed 15 lawsuits against Pershing that are pending in Texas, including two putative class actions. The purchasers allege that Pershing, as SGC’s clearing firm, assisted Stanford in a fraudulent scheme and assert contractual, statutory and common law claims. On July 12, 2018, a federal district court dismissed six of the individual lawsuits and those cases are on appeal. On March 8, 2019, a group of investors filed a putative class action against The Bank of New York Mellon, making the same allegations as in the prior actions brought against Pershing. On March 21, 2019, the Texas federal court denied the motion for class certification in one of the putative class actions against Pershing. FINRA arbitration proceedings also have been initiated by alleged purchasers asserting similar claims. Brazilian Postalis Litigation BNY Mellon Servicos Financeiros DTVM S.A. (“DTVM”), a subsidiary that provides asset services in Brazil, acts as administrator for certain investment funds in which a public pension fund for postal workers called Postalis-Instituto de Seguridade Social dos Correios e Telégrafos (“Postalis”) invested. On Aug. 22, 2014, Postalis sued DTVM in Rio de Janeiro, Brazil for losses related to a Postalis fund for which DTVM is administrator. Postalis alleges that DTVM failed to properly perform duties, including to conduct due diligence of and exert control over the manager. On March 12, 2015, Postalis filed a lawsuit in Rio de Janeiro against DTVM and BNY Mellon Administração de Ativos Ltda. (“Ativos”) alleging failure to properly perform duties relating to another fund of which DTVM is administrator and Ativos is manager. On Dec. 14, 2015, Associacão dos Profissionais dos Correiros (“ADCAP”), a Brazilian postal workers association, filed a lawsuit in São Paulo against DTVM and other defendants alleging that DTVM improperly contributed to Postalis investment losses. On March 20, 2017, the lawsuit was dismissed without prejudice, and ADCAP has appealed that decision. On Dec. 17, 2015, Postalis filed three lawsuits in Rio de Janeiro against DTVM and Ativos alleging failure to properly perform duties with respect to investments in several other funds. On Feb. 4, 2016, Postalis filed a lawsuit in Brasilia against DTVM, Ativos and BNY Mellon Alocação de Patrimônio Ltda., an investment management subsidiary, alleging failure to properly perform duties and liability for losses with respect to investments in various funds of which the defendants were administrator and/or manager. On Jan. 16, 2018, the Brazilian Federal Prosecution Service (“MPF”) filed a civil lawsuit in São Paulo against DTVM alleging liability for Postalis losses based on alleged failures to properly perform certain duties as administrator to certain funds in which Postalis invested or controller of Postalis’s own investment portfolio. On April 18, 2018, the court dismissed the lawsuit without prejudice, and the MPF has appealed that decision. In addition, the Tribunal de Contas da Uniao, an administrative tribunal, has initiated two proceedings with the purpose of determining liability for losses to two investment funds administered by DTVM in which Postalis was the exclusive investor. Depositary Receipt Litigation Between late December 2015 and February 2016, four putative class action lawsuits were filed against BNY Mellon asserting claims relating to BNY Mellon’s foreign exchange pricing when converting dividends and other distributions from non-U.S. companies in its role as depositary bank to Depositary Receipt issuers. The claims are for breach of contract and violations of ERISA. The lawsuits were consolidated in federal court in the Southern District of New York. The parties in the lawsuits entered into settlement agreements to resolve the suits, and the agreements have been approved by the court. Brazilian Silverado Litigation DTVM acts as administrator for the Fundo de Investimento em Direitos Creditórios Multisetorial Silverado Maximum (“Silverado Maximum Fund”), which invests in commercial credit receivables. On June 2, 2016, the Silverado Maximum Fund sued DTVM in its capacity as administrator, along with Deutsche Bank S.A. - Banco Alemão in its capacity as custodian and Silverado Gestão e Investimentos Ltda. in its capacity as investment manager. The Fund alleges that each of the defendants failed to fulfill its respective duty, and caused losses to the Fund for which the defendants are jointly and severally liable. German Tax Matters German authorities are investigating past “cum/ex” trading, which involved the purchase of equity securities on or shortly before the dividend date, but settled after that date, potentially resulting in an unwarranted refund of withholding tax. German authorities have taken the view that past cum/ex trading may have resulted in tax avoidance or evasion. European subsidiaries of BNY Mellon have been informed by German authorities about investigations into potential cum/ex trading by certain third-party investment funds, where one of the subsidiaries had acquired entities that served as depositary and/or fund manager for those third-party investment funds. We have received preliminary information requests from the authorities relating to pre-acquisition activity and are cooperating fully with those requests. We have not received any tax demand concerning cum/ex trading. In addition, in June 2019, one of these subsidiaries received notice that the District Court of Bonn is considering whether to add the subsidiary as a secondary party in connection with the prosecution of unrelated third parties. We intend to contest the possible addition of the subsidiary to those proceedings, which are scheduled to commence in September. In connection with the acquisition of the subject entities, we obtained an indemnity for liabilities from the sellers that we intend to pursue as necessary.

Lines of business

Lines of business	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Lines of business	Lines of business We have an internal information system that produces performance data along product and service lines for our two principal businesses and the Other segment. The primary products and services and types of revenue for our principal businesses and a description of the Other segment are presented in Note 23 of the Notes to Consolidated Financial Statements in our 2018 Annual Report. Business accounting principles Our business data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting. These measurement principles are designed so that reported results of the businesses will track their economic performance. Business results are subject to reclassification when organizational changes are made. There were no significant organizational changes in the second quarter of 2019 . The results are also subject to refinements in revenue and expense allocation methodologies, which are typically reflected on a prospective basis. The accounting policies of the businesses are the same as those described in Note 1 of the Notes to Consolidated Financial Statements in our 2018 Annual Report. The results of our businesses are presented and analyzed on an internal management reporting basis. • Revenue amounts reflect fee and other revenue generated by each business. Fee and other revenue transferred between businesses under revenue transfer agreements is included within other revenue in each business. • Revenues and expenses associated with specific client bases are included in those businesses. For example, foreign exchange activity associated with clients using custody products is included in Investment Services. • Net interest revenue is allocated to businesses based on the yields on the assets and liabilities generated by each business. We employ a funds transfer pricing system that matches funds with the specific assets and liabilities of each business based on their interest sensitivity and maturity characteristics. • The provision for credit losses associated with the respective credit portfolios is reflected in each business segment. • Incentives expense related to restricted stock is allocated to the businesses. • Support and other indirect expenses are allocated to businesses based on internally developed methodologies. • Recurring FDIC expense is allocated to the businesses based on average deposits generated within each business. • Litigation expense is generally recorded in the business in which the charge occurs. • Management of the securities portfolio is a shared service contained in the Other segment. As a result, gains and losses associated with the valuation of the securities portfolio are included in the Other segment. • Client deposits serve as the primary funding source for our securities portfolio. We typically allocate all interest revenue to the businesses generating the deposits. Accordingly, accretion related to the portion of the securities portfolio restructured in 2009 has been included in the results of the businesses. • Balance sheet assets and liabilities and their related income or expense are specifically assigned to each business. Businesses with a net liability position have been allocated assets. • Goodwill and intangible assets are reflected within individual businesses. The following consolidating schedules present the contribution of our businesses to our overall profitability. For the quarter ended June 30, 2019 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 2,227 $ 850 (a) $ 41 $ 3,118 (a) Net interest revenue (expense) 775 67 (40 ) 802 Total revenue 3,002 917 (a) 1 3,920 (a) Provision for credit losses (4 ) (2 ) (2 ) (8 ) Noninterest expense 1,954 654 39 2,647 Income (loss) before taxes $ 1,052 $ 265 (a) $ (36 ) $ 1,281 (a) Pre-tax operating margin (b) 35 % 29 % N/M 33 % Average assets $ 264,639 $ 30,709 $ 47,036 $ 342,384 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $6 million , representing $10 million of income and noncontrolling interests of $4 million . Income before taxes is net of noncontrolling interests of $4 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful. For the quarter ended March 31, 2019 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 2,154 $ 864 (a) $ 30 $ 3,048 (a) Net interest revenue (expense) 796 75 (30 ) 841 Total revenue 2,950 939 (a) — 3,889 (a) Provision for credit losses 8 1 (2 ) 7 Noninterest expense 1,969 669 61 2,699 Income (loss) before taxes $ 973 $ 269 (a) $ (59 ) $ 1,183 (a) Pre-tax operating margin (b) 33 % 29 % N/M 31 % Average assets $ 255,891 $ 31,857 $ 48,417 $ 336,165 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $16 million , representing $26 million of income and noncontrolling interests of $10 million . Income before taxes is net of noncontrolling interests of $10 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful. For the quarter ended June 30, 2018 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 2,233 $ 941 (a) $ 41 $ 3,215 (a) Net interest revenue (expense) 874 77 (35 ) 916 Total revenue 3,107 1,018 (a) 6 4,131 (a) Provision for credit losses 1 2 (6 ) (3 ) Noninterest expense 1,967 697 81 2,745 (b) Income (loss) before taxes $ 1,139 $ 319 (a) $ (69 ) $ 1,389 (a)(b) Pre-tax operating margin (c) 37 % 31 % N/M 34 % Average assets $ 264,387 $ 31,504 $ 50,437 $ 346,328 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $5 million , representing $12 million of income and noncontrolling interests of $7 million . Income before taxes is net of noncontrolling interests of $7 million . (b) Noninterest expense includes a loss attributable to noncontrolling interests of $2 million related to other consolidated subsidiaries. (c) Income before taxes divided by total revenue. N/M - Not meaningful. For the six months ended June 30, 2019 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 4,381 $ 1,714 (a) $ 71 $ 6,166 (a) Net interest revenue (expense) 1,571 142 (70 ) 1,643 Total revenue 5,952 1,856 (a) 1 7,809 (a) Provision for credit losses 4 (1 ) (4 ) (1 ) Noninterest expense 3,923 1,323 100 5,346 Income (loss) before taxes $ 2,025 $ 534 (a) $ (95 ) $ 2,464 (a) Pre-tax operating margin (b) 34 % 29 % N/M 32 % Average assets $ 260,290 $ 30,926 $ 48,076 $ 339,292 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $22 million , representing $36 million of income and noncontrolling interests of $14 million . Income before taxes is net of noncontrolling interests of $14 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful. For the six months ended June 30, 2018 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 4,483 $ 1,953 (a) $ 49 $ 6,485 (a) Net interest revenue (expense) 1,718 153 (36 ) 1,835 Total revenue 6,201 2,106 (a) 13 8,320 (a) Provision for credit losses (6 ) 4 (6 ) (8 ) Noninterest expense 3,916 1,402 168 5,486 Income (loss) before taxes $ 2,291 $ 700 (a) $ (149 ) $ 2,842 (a) Pre-tax operating margin (b) 37 % 33 % N/M 34 % Average assets $ 271,203 $ 31,732 $ 49,284 $ 352,219 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $5 million , representing $1 million of income and a loss attributable to noncontrolling interests of $4 million . Income before taxes is net of a loss attributable to noncontrolling interests of $4 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful.

Supplemental information to the

Supplemental information to the Consolidated Statement of Cash Flows	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Information [Abstract]
Supplemental information to the Consolidated Statement of Cash Flows	Supplemental information to the Consolidated Statement of Cash Flows Non-cash investing and financing transactions that, appropriately, are not reflected in the consolidated statement of cash flows are listed below. Non-cash investing and financing transactions Six months ended June 30, (in millions) 2019 2018 Transfers from loans to other assets for other real estate owned $ — $ 2 Change in assets of consolidated investment management funds 76 303 Change in liabilities of consolidated investment management funds 4 1 Change in nonredeemable noncontrolling interests of consolidated investment management funds 65 264 Securities purchased not settled 1,113 400 Securities matured not settled 10 25 Available-for-sale securities transferred to trading assets — 963 Held-to-maturity securities transferred to available-for-sale — 1,087 Premises and equipment/capitalized software funded by financing lease obligations 14 15 Premises and equipment/operating lease obligations 1,272 (a) — (a) Includes $1,244 million related to the adoption of ASU 2016-02, Leases, and $28 million related to new or modified leases.

Basis of presentation (Policies

Basis of presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accounting and financial reporting policies of BNY Mellon, a global financial services company, conform to U.S. GAAP and prevailing industry practices. For information on our significant accounting and reporting policies, see Note 1 in our 2018 Annual Report.
Reclassifications	Certain immaterial reclassifications have been made to prior periods to place them on a basis comparable with the current period presentation.
Use of estimates	Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates based upon assumptions about future economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Amounts subject to estimates are items such as allowance for loan losses and lending-related commitments, fair value of financial instruments and derivatives, goodwill and other intangibles and litigation and regulatory contingencies. Among other effects, such changes in estimates could result in future impairments of goodwill and intangible assets and establishment of allowances for loan losses and lending-related commitments as well as accruals for litigation and regulatory contingencies.
Accounting changes and new accounting guidance	The following accounting changes and new accounting guidance were adopted in the first quarter of 2019. ASU 2016-02, Leases In February 2016, the FASB issued an ASU, Leases . The primary objective of this ASU is to increase transparency and comparability by recognizing lease assets and liabilities on the balance sheet and expand related disclosures. This ASU requires a “right-of-use” asset and a payment obligation liability on the balance sheet for most leases and subleases. Additionally, depending on the lease classification under the standard, it may result in different expense recognition patterns and classification than under existing accounting principles. For leases classified as finance leases, it will result in higher expense recognition in the earlier periods and lower expense in the later periods of the lease. The Company adopted this guidance on Jan. 1, 2019 using the alternative transition method on a prospective basis and recognized right-of-use assets of $1.3 billion and lease liabilities of $1.5 billion on the consolidated balance sheet, both based on the present value of the expected remaining lease payments. See Note 6 for the disclosures required by this ASU. ASU 2018-02, Income Statement—Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In February 2018, the FASB issued an ASU, Income Statement—Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU permits a reclassification from accumulated other comprehensive income to retained earnings for the tax effects of items within accumulated other comprehensive income that do not reflect the lower statutory tax rate which was enacted by the 2017 U.S. tax legislation. BNY Mellon adopted this guidance in the first quarter of 2019, which resulted in a $90 million reclassification that decreased accumulated other comprehensive income and increased retained earnings.
Leasing	Significant accounting policy We determine if an arrangement is a lease at inception. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments. The ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. We use our incremental borrowing rate based on the information available at commencement date of the lease in determining the present value of lease payments. In addition to the lease payments, the determination of an ROU asset may also include certain adjustments related to lease incentives and initial direct costs incurred. Options to extend or terminate a lease are included in the determination of the ROU asset and lease liability only when it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term, while the lease expense for finance leases is recognized using the effective interest method. ROU assets are reviewed for impairment when events or circumstances indicate that the carrying amount may not be recoverable. For operating leases, if deemed impaired, the ROU asset is written down and the remaining balance is subsequently amortized on a straight-line basis which results in lease expense recognition that is similar to finance leases. We have elected to account for the lease and non-lease components as a single lease component and exclude the non-lease variable components. Additionally, for certain equipment leases, we apply a portfolio approach to account for the operating lease ROU assets and liabilities. BNY Mellon engages in subleasing activities and reports the rental income as part of net occupancy expense, as this activity is not a significant business activity and is part of the Company’s customary business practice.
Fair value measurement	Fair value measurement Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. A three-level hierarchy for fair value measurements is utilized based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. BNY Mellon’s own creditworthiness is considered when valuing liabilities. See Note 19 of the Notes to Consolidated Financial Statements in our 2018 Annual Report for information on how we determine fair value and the fair value hierarchy. The following tables present the financial instruments carried at fair value at June 30, 2019 and Dec. 31, 2018 , by caption on the consolidated balance sheet and by the three-level valuation hierarchy. We have included credit ratings information in certain of the tables because the information indicates the degree of credit risk to which we are exposed, and significant changes in ratings classifications could result in increased risk for us.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Securities [Abstract]
Amortized Cost and Fair Values of Securities	The following tables present the amortized cost, the gross unrealized gains and losses and the fair value of securities at June 30, 2019 and Dec. 31, 2018 , respectively. Securities at June 30, 2019 Gross unrealized Amortized cost Fair value (in millions) Gains Losses Available-for-sale: Agency RMBS $ 26,225 $ 145 $ 166 $ 26,204 U.S. Treasury 13,805 424 32 14,197 Sovereign debt/sovereign guaranteed 12,184 161 3 12,342 Agency commercial MBS 9,499 194 15 9,678 Supranational 3,878 38 2 3,914 CLOs 3,665 1 17 3,649 Foreign covered bonds 3,385 17 4 3,398 U.S. government agencies 2,585 65 — 2,650 Other ABS 2,466 8 4 2,470 Non-agency commercial MBS 1,968 38 1 2,005 State and political subdivisions 1,253 28 1 1,280 Non-agency RMBS (a) 999 230 8 1,221 Corporate bonds 889 19 3 905 Other debt securities 1,671 9 — 1,680 Total securities available-for-sale (b) $ 84,472 $ 1,377 $ 256 $ 85,593 Held-to-maturity: Agency RMBS $ 26,591 $ 195 $ 127 $ 26,659 U.S. Treasury 4,467 24 9 4,482 U.S. government agencies 1,276 1 1 1,276 Agency commercial MBS 1,179 22 1 1,200 Sovereign debt/sovereign guaranteed 823 39 — 862 Non-agency RMBS 91 4 2 93 Foreign covered bonds 80 1 — 81 Supranational 25 — — 25 State and political subdivisions 17 — — 17 Total securities held-to-maturity $ 34,549 $ 286 $ 140 $ 34,695 Total securities $ 119,021 $ 1,663 $ 396 $ 120,288 (a) Includes $753 million that was included in the former Grantor Trust. (b) Includes gross unrealized gains of $36 million and gross unrealized losses of $76 million recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized gains and losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities. Securities at Dec. 31, 2018 Gross unrealized Amortized cost Fair value (in millions) Gains Losses Available-for-sale: Agency RMBS $ 25,594 $ 83 $ 369 $ 25,308 U.S. Treasury 20,190 96 210 20,076 Sovereign debt/sovereign guaranteed 10,663 108 21 10,750 Agency commercial MBS 9,836 16 161 9,691 CLOs 3,410 — 46 3,364 Supranational 2,985 7 8 2,984 Foreign covered bonds 2,890 7 19 2,878 State and political subdivisions 2,251 18 22 2,247 Other ABS 1,776 1 4 1,773 U.S. government agencies 1,676 5 24 1,657 Non-agency commercial MBS 1,491 1 28 1,464 Non-agency RMBS (a) 1,095 241 11 1,325 Corporate bonds 1,074 6 26 1,054 Other debt securities 1,236 6 4 1,238 Total securities available-for-sale (b) $ 86,167 $ 595 $ 953 $ 85,809 Held-to-maturity: Agency RMBS $ 25,507 $ 32 $ 632 $ 24,907 U.S. Treasury 4,727 3 77 4,653 U.S. government agencies 1,497 — 10 1,487 Agency commercial MBS 1,195 — 26 1,169 Sovereign debt/sovereign guaranteed 833 26 — 859 Non-agency RMBS 100 4 2 102 Foreign covered bonds 80 1 — 81 Supranational 26 1 — 27 State and political subdivisions 17 — — 17 Total securities held-to-maturity $ 33,982 $ 67 $ 747 $ 33,302 Total securities $ 120,149 $ 662 $ 1,700 $ 119,111 (a) Includes $832 million that was included in the former Grantor Trust. (b) Includes gross unrealized gains of $39 million and gross unrealized losses of $87 million recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized gains and losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities.
Schedule of Realized Gains, Losses, and Impairments	The following table presents the realized gains, losses and impairments, on a gross basis. Net securities gains (losses) (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Realized gross gains $ 12 $ 5 $ 2 $ 17 $ 4 Realized gross losses (5 ) (4 ) (1 ) (9 ) (52 ) Recognized gross impairments — — — — — Total net securities gains (losses) $ 7 $ 1 $ 1 $ 8 $ (48 )
Pre-Tax Securities Gains (Losses) by Type	The following table presents pre-tax net securities gains (losses) by type. Net securities gains (losses) (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 U.S. Treasury $ 3 $ 1 $ — $ 4 $ (4 ) Sovereign debt/sovereign guaranteed 2 1 — 3 — State and political subdivisions 2 — 1 2 (1 ) Agency RMBS — — — — (42 ) Other — (1 ) — (1 ) (1 ) Total net securities gains (losses) $ 7 $ 1 $ 1 $ 8 $ (48 )
Aggregate Fair Value of Investments with Continuous Unrealized Loss Position	The following tables show the aggregate fair value of securities with a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 months or more. Temporarily impaired securities at June 30, 2019 Less than 12 months 12 months or more Total Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses (in millions) Available-for-sale: Agency RMBS $ 9,070 $ 31 $ 7,410 $ 135 $ 16,480 $ 166 U.S. Treasury 74 1 2,961 31 3,035 32 Sovereign debt/sovereign guaranteed 1,680 1 738 2 2,418 3 Agency commercial MBS 2,353 6 1,030 9 3,383 15 Supranational 814 1 206 1 1,020 2 CLOs 1,346 4 1,134 13 2,480 17 Foreign covered bonds 568 1 707 3 1,275 4 Other ABS 1,053 4 31 — 1,084 4 Non-agency commercial MBS 414 1 38 — 452 1 State and political subdivisions — — 116 1 116 1 Non-agency RMBS (a) 26 — 121 8 147 8 Corporate bonds 26 — 238 3 264 3 Total securities available-for-sale (b) $ 17,424 $ 50 $ 14,730 $ 206 $ 32,154 $ 256 Held-to-maturity: Agency RMBS $ 623 $ 1 $ 12,922 $ 126 $ 13,545 $ 127 U.S. Treasury — — 2,066 9 2,066 9 U.S. government agencies 50 — 407 1 457 1 Agency commercial MBS — — 57 1 57 1 Non-agency RMBS 7 — 42 2 49 2 Total securities held-to-maturity $ 680 $ 1 $ 15,494 $ 139 $ 16,174 $ 140 Total temporarily impaired securities $ 18,104 $ 51 $ 30,224 $ 345 $ 48,328 $ 396 (a) Includes $6 million of securities with an unrealized loss of less than $1 million for less than 12 months and $3 million of securities with an unrealized loss of less than $1 million for 12 months or more that were included in the former Grantor Trust. (b) Includes gross unrealized losses of $76 million for 12 months or more recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities. There were no gross unrealized losses for less than 12 months. Temporarily impaired securities at Dec. 31, 2018 Less than 12 months 12 months or more Total (in millions) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Available-for-sale: Agency RMBS $ 6,678 $ 30 $ 9,250 $ 339 $ 15,928 $ 369 U.S. Treasury 6,126 23 6,880 187 13,006 210 Sovereign debt/sovereign guaranteed 2,185 8 988 13 3,173 21 Agency commercial MBS 4,505 50 3,082 111 7,587 161 CLOs 3,280 46 2 — 3,282 46 Supranational 974 2 481 6 1,455 8 Foreign covered bonds 1,058 7 736 12 1,794 19 State and political subdivisions 316 1 668 21 984 22 Other ABS 1,289 4 23 — 1,312 4 U.S. government agencies 513 4 673 20 1,186 24 Non-agency commercial MBS 1,015 14 362 14 1,377 28 Non-agency RMBS (a) 94 1 157 10 251 11 Corporate bonds 685 24 50 2 735 26 Other debt securities 397 1 256 3 653 4 Total securities available-for-sale (b) $ 29,115 $ 215 $ 23,608 $ 738 $ 52,723 $ 953 Held-to-maturity: Agency RMBS $ 4,602 $ 56 $ 17,107 $ 576 $ 21,709 $ 632 U.S. Treasury 157 2 4,343 75 4,500 77 U.S. government agencies — — 1,111 10 1,111 10 Agency commercial MBS 477 7 654 19 1,131 26 Non-agency RMBS 22 1 31 1 53 2 Total securities held-to-maturity $ 5,258 $ 66 $ 23,246 $ 681 $ 28,504 $ 747 Total temporarily impaired securities $ 34,373 $ 281 $ 46,854 $ 1,419 $ 81,227 $ 1,700 (a) Includes $22 million of securities with an unrealized loss of less than $1 million for less than 12 months and $3 million of securities with an unrealized loss of less than $1 million for 12 months or more that were included in the former Grantor Trust. (b) Includes gross unrealized losses of $87 million for 12 months or more recorded in accumulated other comprehensive income related to securities that were transferred from available-for-sale to held-to-maturity. The unrealized losses are primarily related to Agency RMBS and will be amortized into net interest revenue over the contractual lives of the securities. There were no gross unrealized losses for less than 12 months.
Maturity Distribution by Carrying Amount and Yield (on Tax Equivalent Basis) of Investment Securities Portfolio	The following table shows the maturity distribution by carrying amount and yield (on a tax equivalent basis) of our securities portfolio. Maturity distribution and yields on securities at June 30, 2019 U.S. Treasury U.S. government agencies State and political subdivisions Other bonds, notes and debentures Mortgage/ asset-backed (dollars in millions) Amount Yield (a) Amount Yield (a) Amount Yield (a) Amount Yield (a) Amount Yield (a) Total Securities available-for-sale: One year or less $ 3,152 2.59 % $ 80 2.28 % $ 189 2.97 % $ 7,148 1.32 % $ — — % $ 10,569 Over 1 through 5 years 5,057 1.81 991 2.68 849 3.16 12,999 1.34 — — 19,896 Over 5 through 10 years 3,283 2.31 1,579 2.81 130 3.05 1,883 0.84 — — 6,875 Over 10 years 2,705 3.11 — — 112 2.96 209 1.78 — — 3,026 Mortgage-backed securities — — — — — — — — 39,108 3.18 39,108 Asset-backed securities — — — — — — — — 6,119 3.33 6,119 Total $ 14,197 2.35 % $ 2,650 2.74 % $ 1,280 3.10 % $ 22,239 1.30 % $ 45,227 3.20 % $ 85,593 Securities held-to-maturity: One year or less $ 1,556 1.48 % $ 333 1.31 % $ — — % $ 82 0.64 % $ — — % $ 1,971 Over 1 through 5 years 2,600 1.96 759 2.33 3 5.68 487 0.57 — — 3,849 Over 5 through 10 years 311 2.18 172 2.89 — — 359 0.81 — — 842 Over 10 years — — 12 3.25 14 4.76 — — — — 26 Mortgage-backed securities — — — — — — — — 27,861 2.98 27,861 Total $ 4,467 1.81 % $ 1,276 2.15 % $ 17 4.93 % $ 928 0.67 % $ 27,861 2.98 % $ 34,549 (a) Yields are based upon the amortized cost of securities.
Debt Securities Credit Losses Roll Forward Recorded in Earnings	The following table reflects securities credit losses recorded in earnings. The beginning balance represents the credit loss component for which OTTI occurred on debt securities in prior periods. The additions represent the first time a debt security was credit impaired or when subsequent credit impairments have occurred. The deductions represent credit losses on securities that have been sold, are required to be sold, or for which it is our intention to sell. Debt securities credit loss roll forward (in millions) 2Q19 2Q18 Beginning balance as of March 31 $ 77 $ 80 Add: Initial OTTI credit losses — — Subsequent OTTI credit losses — — Less: Realized losses for securities sold — 1 Ending balance as of June 30 $ 77 $ 79 Debt securities credit loss roll forward (in millions) YTD19 YTD18 Beginning balance as of Dec. 31 $ 78 $ 84 Add: Initial OTTI credit losses — — Subsequent OTTI credit losses — — Less: Realized losses for securities sold 1 5 Ending balance as of June 30 $ 77 $ 79

Loans and asset quality (Tables

Loans and asset quality (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of Loan Portfolio and Industry Concentrations of Credit Risk	The table below provides the details of our loan portfolio and industry concentrations of credit risk at June 30, 2019 and Dec. 31, 2018 . Loans June 30, 2019 Dec. 31, 2018 (in millions) Domestic: Commercial $ 1,452 $ 1,949 Commercial real estate 5,192 4,787 Financial institutions 4,574 5,091 Lease financings 662 706 Wealth management loans and mortgages 15,579 15,843 Other residential mortgages 549 594 Overdrafts 1,575 1,550 Other 1,122 1,181 Margin loans 10,152 13,343 Total domestic 40,857 45,044 Foreign: Commercial 285 183 Commercial real estate 7 — Financial institutions 6,948 6,492 Lease financings 563 551 Wealth management loans and mortgages 90 122 Other (primarily overdrafts) 3,196 4,031 Margin loans 450 141 Total foreign 11,539 11,520 Total loans (a) $ 52,396 $ 56,564 (a) Net of unearned income of $340 million at June 30, 2019 and $358 million at Dec. 31, 2018 primarily related to domestic and foreign lease financings.
Summary of Transactions in the Allowance for Credit Losses	Activity in the allowance for credit losses is summarized as follows. Allowance for credit losses activity for the quarter ended June 30, 2019 Wealth management loans and mortgages Other residential mortgages (in millions) Commercial Commercial real estate Financial institutions Lease financings All other Foreign Total Beginning balance $ 82 $ 74 $ 23 $ 4 $ 21 $ 15 $ — $ 29 $ 248 Charge-offs — — — — (1 ) — — — (1 ) Recoveries — — — — — 2 — — 2 Net (charge-offs) recoveries — — — — (1 ) 2 — — 1 Provision (5 ) (2 ) (2 ) — — (3 ) — 4 (8 ) Ending balance $ 77 $ 72 $ 21 $ 4 $ 20 $ 14 $ — $ 33 $ 241 Allowance for: Loan losses $ 23 $ 57 $ 8 $ 4 $ 17 $ 14 $ — $ 23 $ 146 Lending-related commitments 54 15 13 — 3 — — 10 95 Individually evaluated for impairment: Loan balance $ 96 $ — $ — $ — $ 16 $ — $ — $ — $ 112 Allowance for loan losses 10 — — — — — — — 10 Collectively evaluated for impairment: Loan balance $ 1,356 $ 5,192 $ 4,574 $ 662 $ 15,563 $ 549 $ 12,849 (a) $ 11,539 $ 52,284 Allowance for loan losses 13 57 8 4 17 14 — 23 136 (a) Includes $1,575 million of domestic overdrafts, $10,152 million of margin loans and $1,122 million of other loans at June 30, 2019 . Allowance for credit losses activity for the quarter ended March 31, 2019 Wealth management loans and mortgages Other residential mortgages (in millions) Commercial Commercial real estate Financial institutions Lease financings All other Foreign Total Beginning balance $ 81 $ 75 $ 22 $ 5 $ 21 $ 16 $ — $ 32 $ 252 Charge-offs (11 ) — — — — — — — (11 ) Recoveries — — — — — — — — — Net charge-offs (11 ) — — — — — — — (11 ) Provision 12 (1 ) 1 (1 ) — (1 ) — (3 ) 7 Ending balance $ 82 $ 74 $ 23 $ 4 $ 21 $ 15 $ — $ 29 $ 248 Allowance for: Loan losses $ 24 $ 56 $ 10 $ 4 $ 18 $ 15 $ — $ 19 $ 146 Lending-related commitments 58 18 13 — 3 — — 10 102 Individually evaluated for impairment: Loan balance $ 96 $ — $ — $ — $ 4 $ — $ — $ — $ 100 Allowance for loan losses 10 — — — — — — — 10 Collectively evaluated for impairment: Loan balance $ 1,626 $ 4,921 $ 4,652 $ 653 $ 15,724 $ 574 $ 13,913 (a) $ 11,324 $ 53,387 Allowance for loan losses 14 56 10 4 18 15 — 19 136 (a) Includes $654 million of domestic overdrafts, $12,107 million of margin loans and $1,152 million of other loans at March 31, 2019 . Allowance for credit losses activity for the quarter ended June 30, 2018 Wealth management loans and mortgages Other residential mortgages All other Foreign Total (in millions) Commercial Commercial real estate Financial institutions Lease financings Beginning balance $ 75 $ 75 $ 22 $ 7 $ 23 $ 19 $ — $ 35 $ 256 Charge-offs — — — — — — — — — Recoveries — — — — — 1 — — 1 Net recoveries — — — — — 1 — — 1 Provision 1 (1 ) 2 (1 ) — (2 ) — (2 ) (3 ) Ending balance $ 76 $ 74 $ 24 $ 6 $ 23 $ 18 $ — $ 33 $ 254 Allowance for: Loan losses $ 17 $ 55 $ 8 $ 6 $ 19 $ 18 $ — $ 22 $ 145 Lending-related commitments 59 19 16 — 4 — — 11 109 Individually evaluated for impairment: Loan balance $ — $ — $ — $ — $ 5 $ — $ — $ — $ 5 Allowance for loan losses — — — — — — — — — Collectively evaluated for impairment: Loan balance $ 2,117 $ 4,974 $ 5,526 $ 758 $ 16,186 $ 653 $ 17,173 (a) $ 10,384 $ 57,771 Allowance for loan losses 17 55 8 6 19 18 — 22 145 (a) Includes $1,090 million of domestic overdrafts, $14,914 million of margin loans and $1,169 million of other loans at June 30, 2018 . Allowance for credit losses activity for the six months ended June 30, 2019 Wealth management loans and mortgages Other All Foreign Total (in millions) Commercial Commercial Financial Lease Beginning balance $ 81 $ 75 $ 22 $ 5 $ 21 $ 16 $ — $ 32 $ 252 Charge-offs (11 ) — — — (1 ) — — — (12 ) Recoveries — — — — — 2 — — 2 Net (charge-offs) recoveries (11 ) — — — (1 ) 2 — — (10 ) Provision 7 (3 ) (1 ) (1 ) — (4 ) — 1 (1 ) Ending balance $ 77 $ 72 $ 21 $ 4 $ 20 $ 14 $ — $ 33 $ 241 Allowance for credit losses activity for the six months ended June 30, 2018 Wealth management loans and mortgages Other All Foreign Total (in millions) Commercial Commercial Financial Lease Beginning balance $ 77 $ 76 $ 23 $ 8 $ 22 $ 20 $ — $ 35 $ 261 Charge-offs — — — — — — — — — Recoveries — — — — — 1 — — 1 Net recoveries — — — — — 1 — — 1 Provision (1 ) (2 ) 1 (2 ) 1 (3 ) — (2 ) (8 ) Ending balance $ 76 $ 74 $ 24 $ 6 $ 23 $ 18 $ — $ 33 $ 254
Distribution of Nonperforming Assets	The table below presents our nonperforming assets. Nonperforming assets (in millions) June 30, 2019 Dec. 31, 2018 Nonperforming loans: Commercial $ 96 $ — Other residential mortgages 65 67 Wealth management loans and mortgages 23 9 Total nonperforming loans 184 76 Other assets owned 2 3 Total nonperforming assets (a) $ 186 $ 79 (a) In the second quarter of 2019, we refined the application of our nonperforming assets policy for first lien residential mortgage loans greater than 90 days delinquent that resulted in a $12 million increase in nonperforming assets.
Information about Impaired Loans	The tables below present information about our impaired loans. Impaired loans 2Q19 1Q19 2Q18 YTD19 YTD18 (in millions) Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Average recorded investment Interest revenue recognized Impaired loans with an allowance: Commercial $ 96 $ — $ 48 $ — $ — $ — $ 64 $ — $ — $ — Wealth management loans and mortgages — — — — 1 — — — 1 — Total impaired loans with an allowance 96 — 48 — 1 — 64 — 1 — Impaired loans without an allowance: (a) Wealth management loans and mortgages 10 — 4 — 4 — 8 — 4 — Total impaired loans $ 106 $ — $ 52 $ — $ 5 $ — $ 72 $ — $ 5 $ — (a) When the discounted cash flows, collateral value or market price equals or exceeds the carrying value of the loan, then the loan does not require an allowance under the accounting standard related to impaired loans. Impaired loans June 30, 2019 Dec. 31, 2018 (in millions) Recorded investment Unpaid principal balance Related allowance (a) Recorded investment Unpaid principal balance Related allowance (a) Impaired loans with an allowance: Commercial $ 96 $ 96 $ 10 $ — $ — $ — Impaired loans without an allowance: (b) Wealth management loans and mortgages 16 16 N/A 4 4 N/A Total impaired loans (c) $ 112 $ 112 $ 10 $ 4 $ 4 $ — (a) The allowance for impaired loans is included in the allowance for loan losses. (b) When the discounted cash flows, collateral value or market price equals or exceeds the carrying value of the loan, then the loan does not require an allowance under the accounting standard related to impaired loans. (c) Excludes an aggregate of less than $1 million of impaired loans in amounts individually less than $1 million at both June 30, 2019 and Dec. 31, 2018 , respectively. The allowance for loan losses associated with these loans totaled less than $1 million at both June 30, 2019 and Dec. 31, 2018 , respectively. N/A - Not applicable.
Information about Past Due Loans	The table below presents our past due loans. Past due loans and still accruing interest June 30, 2019 Dec. 31, 2018 Days past due Total past due Days past due Total past due (in millions) 30-59 60-89 ≥90 30-59 60-89 ≥90 Wealth management loans and mortgages $ 19 $ 2 $ — $ 21 $ 22 $ 1 $ 5 $ 28 Other residential mortgages 11 1 — 12 12 6 7 25 Financial institutions 10 — — 10 3 3 — 6 Commercial real estate 9 — — 9 1 — — 1 Total past due loans $ 49 $ 3 $ — $ 52 $ 38 $ 10 $ 12 $ 60
Credit Quality Indicators - Commercial Portfolio - Credit Risk Profile by Creditworthiness Category	The following tables present information about credit quality indicators. Commercial loan portfolio Commercial loan portfolio – Credit risk profile by creditworthiness category Commercial Commercial real estate Financial institutions June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 (in millions) Investment grade $ 1,555 $ 2,036 $ 4,577 $ 4,184 $ 9,338 $ 9,586 Non-investment grade 182 96 622 603 2,184 1,997 Total $ 1,737 $ 2,132 $ 5,199 $ 4,787 $ 11,522 $ 11,583
Credit Quality Indicators - Wealth Management Loans and Mortgages - Credit Risk Profile by Internally Assigned Grade	Wealth management loans and mortgages Wealth management loans and mortgages – Credit risk profile by internally assigned grade June 30, 2019 Dec. 31, 2018 (in millions) Wealth management loans: Investment grade $ 6,673 $ 6,901 Non-investment grade 161 106 Wealth management mortgages 8,835 8,958 Total $ 15,669 $ 15,965

Leasing (Tables)

Leasing (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases, Balance Sheet Information	The following table presents the consolidated balance sheet information related to operating and finance leases. Balance sheet information June 30, 2019 (dollar in millions) Operating Finance Total Right-of-use assets (a) $ 1,160 $ 21 $ 1,181 Lease liability (b) $ 1,358 $ 10 $ 1,368 Weighted average: Remaining lease term 8.3 years 3.3 years Discount rate (annualized) 3.17 % 2.78 % (a) Included in premises and equipment on the consolidated balance sheet. (b) Operating lease liabilities are included in other liabilities and finance lease liabilities are included in other borrowed funds, both on the consolidated balance sheet.
Lease, Cost	The following table presents the components of lease expense. Lease expense Quarter ended Year-to-date (in millions) June 30, 2019 June 30, 2019 Operating lease expense $ 63 $ 132 Variable lease expense 10 19 Sublease income (8 ) (16 ) Finance lease expense: Amortization of right-of-use assets 2 4 Interest on lease liabilities — — Total finance lease expense $ 2 $ 4 Total lease expense $ 67 $ 139 The following table presents cash flow information related to leases. Cash flow information Six months ended (in millions) June 30, 2019 Cash paid for amounts included in measurement of liabilities: Operating cash flows from finance leases $ — Operating cash flows from operating leases $ 134 Financing cash flows from finance leases $ 12
Schedule of Future Minimum Rental Payments for Operating Leases	The following table presents the maturity of lease liabilities on operating leases prior to adopting ASU 2016-02, Leases . Maturities of lease liabilities Operating (in millions) For the year ended Dec. 31, 2019 $ 264 2020 244 2021 211 2022 172 2023 136 2024 and thereafter 432 Total $ 1,459
Lessee, Operating Lease, Liability, Maturity	The following table presents the maturities of lease liabilities after adopting ASU 2016-02, Leases . Maturities of lease liabilities Operating Finance (in millions) For the year ended Dec. 31, 2019 (excluding six months ended June 30, 2019) $ 148 $ 9 2020 271 1 2021 215 — 2022 175 — 2023 137 — 2024 and thereafter 600 — Total lease payments 1,546 10 Less: Imputed interest (188 ) — Total $ 1,358 $ 10
Finance Lease, Liability, Maturity	The following table presents the maturities of lease liabilities after adopting ASU 2016-02, Leases . Maturities of lease liabilities Operating Finance (in millions) For the year ended Dec. 31, 2019 (excluding six months ended June 30, 2019) $ 148 $ 9 2020 271 1 2021 215 — 2022 175 — 2023 137 — 2024 and thereafter 600 — Total lease payments 1,546 10 Less: Imputed interest (188 ) — Total $ 1,358 $ 10

Goodwill and intangible assets

Goodwill and intangible assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Breakdown of Goodwill by Business	The tables below provide a breakdown of goodwill by business. Goodwill by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2018 $ 8,333 $ 8,970 $ 47 $ 17,350 Foreign currency translation (6 ) (7 ) — (13 ) Balance at June 30, 2019 $ 8,327 $ 8,963 $ 47 $ 17,337 Goodwill by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2017 $ 8,389 $ 9,128 $ 47 $ 17,564 Dispositions — (65 ) — (65 ) Foreign currency translation (31 ) (50 ) — (81 ) Balance at June 30, 2018 $ 8,358 $ 9,013 $ 47 $ 17,418
Breakdown of Intangible Assets by Business	The tables below provide a breakdown of intangible assets by business. Intangible assets – net carrying amount by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2018 $ 758 $ 1,613 $ 849 $ 3,220 Amortization (41 ) (18 ) — (59 ) Foreign currency translation — (1 ) — (1 ) Balance at June 30, 2019 $ 717 $ 1,594 $ 849 $ 3,160 Intangible assets – net carrying amount by business (in millions) Investment Investment Other Consolidated Balance at Dec. 31, 2017 $ 888 $ 1,674 $ 849 $ 3,411 Amortization (72 ) (25 ) — (97 ) Foreign currency translation (1 ) (5 ) — (6 ) Balance at June 30, 2018 $ 815 $ 1,644 $ 849 $ 3,308
Breakdown of Intangible Assets by Type	The table below provides a breakdown of intangible assets by type. Intangible assets June 30, 2019 Dec. 31, 2018 (in millions) Gross carrying amount Accumulated amortization Net carrying amount Remaining weighted- average amortization period Gross Accumulated Net carrying amount Subject to amortization: (a) Customer contracts—Investment Services $ 1,573 $ (1,227 ) $ 346 10 years $ 1,572 $ (1,186 ) $ 386 Customer relationships—Investment Management 898 (714 ) 184 11 years 899 (699 ) 200 Other 65 (14 ) 51 14 years 26 (12 ) 14 Total subject to amortization 2,536 (1,955 ) 581 11 years 2,497 (1,897 ) 600 Not subject to amortization: (b) Tradenames 1,292 N/A 1,292 N/A 1,332 N/A 1,332 Customer relationships 1,287 N/A 1,287 N/A 1,288 N/A 1,288 Total not subject to amortization 2,579 N/A 2,579 N/A 2,620 N/A 2,620 Total intangible assets $ 5,115 $ (1,955 ) $ 3,160 N/A $ 5,117 $ (1,897 ) $ 3,220 (a) Excludes fully amortized intangible assets. (b) Intangible assets not subject to amortization have an indefinite life.
Estimated Annual Amortization Expense	Estimated annual amortization expense for current intangibles for the next five years is as follows: For the year ended Estimated amortization expense (in millions) 2019 $ 117 2020 104 2021 81 2022 63 2023 52

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jun. 30, 2019
Other Assets [Abstract]
Summary of Other Assets Presented on the Consolidated Balance Sheet	The following table provides the components of other assets presented on the consolidated balance sheet. Other assets June 30, 2019 Dec. 31, 2018 (in millions) Corporate/bank-owned life insurance $ 4,970 $ 4,937 Accounts receivable 4,322 3,692 Fails to deliver 4,057 2,274 Software 1,710 1,652 Prepaid pension assets 1,444 1,357 Renewable energy investments 1,201 1,264 Equity in a joint venture and other investments 1,156 1,064 Qualified affordable housing project investments 1,068 999 Income taxes receivable 743 1,125 Prepaid expense 539 385 Federal Reserve Bank stock 463 484 Seed capital 217 224 Fair value of hedging derivatives 156 289 Other (a) 1,691 1,552 Total other assets $ 23,737 $ 21,298 (a) At June 30, 2019 and Dec. 31, 2018 , other assets include $73 million and $111 million , respectively, of Federal Home Loan Bank stock, at cost.
Equity Securities without Readily Determinable Fair Value	The following table presents the adjustments on the non-readily marketable equity securities. Non-readily marketable equity securities Life-to-date (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Upward adjustments $ 2 $ — $ 5 $ 2 $ 25 $ 30 Downward adjustments (1 ) — — (1 ) — (2 ) Net adjustments $ 1 $ — $ 5 $ 1 $ 25 $ 28
Summary of Investments Valued Using NAV	The table below presents information on our investments valued using NAV. Investments valued using NAV June 30, 2019 Dec. 31, 2018 (dollars in millions) Fair value Unfunded commitments Redemption frequency Redemption notice period Fair value Unfunded commitments Redemption frequency Redemption notice period Seed capital $ 60 $ — Daily-quarterly 1-90 days $ 54 $ — Daily-quarterly 1-90 days Private equity investments (SBICs) (a) 81 54 N/A N/A 74 41 N/A N/A Other ( b) 37 — Daily-quarterly 1-95 days 87 — Daily-quarterly 1-95 days Total $ 178 $ 54 $ 215 $ 41 (a) Private equity investments include Volcker Rule-compliant investments in SBICs that invest in various sectors of the economy. Private equity investments do not have redemption rights. Distributions from such investments will be received as the underlying investments in the private equity investments, which have a life of 10 years, are liquidated. (b) Primarily relates to investments in funds that relate to deferred compensation arrangements with employees. N/A - Not applicable.

Contract revenue (Tables)

Contract revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present fee revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Disaggregation of contract revenue by business segment (a) Quarter ended June 30, 2019 March 31, 2019 June 30, 2018 (in millions) IS IM Other Total IS IM Other Total IS IM Other Total Fee revenue - contract revenue: Investment services fees: Asset servicing fees $ 1,089 $ 20 $ — $ 1,109 $ 1,073 $ 20 $ — $ 1,093 $ 1,098 $ 21 $ 1 $ 1,120 Clearing services fees (b) 411 — (1 ) 410 398 — — 398 401 — — 401 Issuer services fees 291 — — 291 251 — — 251 265 — — 265 Treasury services fees 140 1 — 141 132 — — 132 140 1 — 141 Total investment services fees (b) 1,931 21 (1 ) 1,951 1,854 20 — 1,874 1,904 22 1 1,927 Investment management and performance fees (b) 4 829 — 833 4 837 — 841 5 893 — 898 Financing-related fees 16 — 1 17 17 — — 17 15 — — 15 Distribution and servicing (13 ) 44 — 31 (14 ) 45 — 31 (14 ) 48 — 34 Investment and other income 69 (48 ) — 21 69 (49 ) — 20 69 (50 ) 1 20 Total fee revenue - contract revenue 2,007 846 — 2,853 1,930 853 — 2,783 1,979 913 2 2,894 Fee and other revenue - not in scope of ASC 606 (c)(d) 220 4 41 265 224 11 30 265 254 28 39 321 Total fee and other revenue $ 2,227 $ 850 $ 41 $ 3,118 $ 2,154 $ 864 $ 30 $ 3,048 $ 2,233 $ 941 $ 41 $ 3,215 (a) Business segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting. (b) In the first quarter of 2019, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified. (c) Primarily includes foreign exchange and other trading revenue, financing-related fees, asset servicing fees, investment and other income and net securities gains (losses), all of which are accounted for using other accounting guidance. (d) The Investment Management business includes income from consolidated investment management funds, net of noncontrolling interests, of $6 million in the second quarter of 2019 , $16 million in the first quarter of 2019 and $5 million in the second quarter of 2018 . IS - Investment Services segment. IM - Investment Management segment. Disaggregation of contract revenue by business segment (a) Year-to-date June 30, 2019 June 30, 2018 (in millions) IS IM Other Total IS IM Other Total Fee revenue - contract revenue: Investment services fees: Asset servicing fees $ 2,162 $ 40 $ — $ 2,202 $ 2,215 $ 46 $ 1 $ 2,262 Clearing services fees (b) 809 — (1 ) 808 824 — 1 825 Issuer services fees 542 — — 542 525 — — 525 Treasury services fees 272 1 — 273 278 1 — 279 Total investment services fees (b) 3,785 41 (1 ) 3,825 3,842 47 2 3,891 Investment management and performance fees (b) 8 1,666 — 1,674 9 1,835 — 1,844 Financing-related fees 33 — 1 34 32 — — 32 Distribution and servicing (27 ) 89 — 62 (28 ) 98 — 70 Investment and other income 138 (97 ) — 41 138 (101 ) 1 38 Total fee revenue - contract revenue 3,937 1,699 — 5,636 3,993 1,879 3 5,875 Fee and other revenue - not in scope of ASC 606 (c)(d) 444 15 71 530 490 74 46 610 Total fee and other revenue $ 4,381 $ 1,714 $ 71 $ 6,166 $ 4,483 $ 1,953 $ 49 $ 6,485 (a) Business segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting. (b) In the first quarter of 2019, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified. (c) Primarily includes foreign exchange and other trading revenue, financing-related fees, asset servicing fees, investment and other income and net securities gains (losses), all of which are accounted for using other accounting guidance. (d) The Investment Management business includes income from consolidated investment management funds, net of noncontrolling interests, of $22 million in the first six months of 2019 and $5 million in the first six months of 2018 . IS - Investment Services segment. IM - Investment Management segment.

Net interest revenue (Tables)

Net interest revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Interest Revenue (Expense), Net [Abstract]
Components of Net Interest Revenue	The following table provides the components of net interest revenue presented on the consolidated income statement. Net interest revenue Quarter ended Year-to-date (in millions) June 30, 2019 March 31, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Interest revenue Deposits with the Federal Reserve and other central banks $ 113 $ 139 $ 136 $ 252 $ 262 Deposits with banks 64 63 56 127 98 Federal funds sold and securities purchased under resale agreements 568 474 230 1,042 400 Margin loans 119 135 128 254 243 Non-margin loans 365 355 345 720 650 Securities: Taxable 687 706 615 1,393 1,196 Exempt from federal income taxes 10 12 14 22 29 Total securities 697 718 629 1,415 1,225 Trading securities 39 36 29 75 56 Total interest revenue 1,965 1,920 1,553 3,885 2,934 Interest expense Deposits 432 391 173 823 290 Federal funds purchased and securities sold under repurchase agreements 372 331 158 703 265 Trading liabilities 11 7 7 18 16 Other borrowed funds 20 24 14 44 23 Commercial paper 18 8 21 26 33 Customer payables 69 70 45 139 76 Long-term debt 241 248 219 489 396 Total interest expense 1,163 1,079 637 2,242 1,099 Net interest revenue 802 841 916 1,643 1,835 Provision for credit losses (8 ) 7 (3 ) (1 ) (8 ) Net interest revenue after provision for credit losses $ 810 $ 834 $ 919 $ 1,644 $ 1,843

Employee benefit plans (Tables)

Employee benefit plans (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Net Periodic Benefit (Credit) Cost	The components of net periodic benefit (credit) cost are as follows. The service cost component is reflected in staff expense, whereas the remaining components are reflected in other expense. Net periodic benefit (credit) cost Quarter ended June 30, 2019 March 31, 2019 June 30, 2018 (in millions) Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Service cost $ — $ 3 $ — $ — $ 3 $ — $ — $ 7 $ — Interest cost 45 8 1 44 8 2 42 8 2 Expected return on assets (84 ) (12 ) (2 ) (84 ) (11 ) (2 ) (85 ) (14 ) (2 ) Other 13 1 — 13 — (1 ) 17 6 — Net periodic benefit (credit) cost $ (26 ) $ — $ (1 ) $ (27 ) $ — $ (1 ) $ (26 ) $ 7 $ — Net periodic benefit (credit) cost Year-to-date June 30, 2019 June 30, 2018 (in millions) Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Service cost $ — $ 6 $ — $ — $ 14 $ — Interest cost 89 16 3 85 16 4 Expected return on assets (168 ) (23 ) (4 ) (170 ) (29 ) (4 ) Other 26 1 (1 ) 34 12 (1 ) Net periodic benefit (credit) cost $ (53 ) $ — $ (2 ) $ (51 ) $ 13 $ (1 )

Variable interest entities an_2

Variable interest entities and securitization (Tables)	6 Months Ended
	Jun. 30, 2019
Securitizations And Variable Interest Entities Disclosure [Abstract]
Incremental Assets and Liabilities Included in Consolidated Financial Statements	The following table presents the incremental assets and liabilities included in BNY Mellon’s consolidated balance sheet as of June 30, 2019 and Dec. 31, 2018 . The net assets of any consolidated VIE are solely available to settle the liabilities of the VIE and to settle any investors’ ownership liquidation requests, including any seed capital invested in the VIE by BNY Mellon. Consolidated investments June 30, 2019 Dec. 31, 2018 (in millions) Investment Management funds Securitization Total consolidated investments Investment Management funds Securitization Total consolidated investments Trading assets $ 314 $ 400 $ 714 $ 243 $ 400 $ 643 Other assets 23 — 23 220 — 220 Total assets $ 337 (a) $ 400 $ 737 $ 463 (b) $ 400 $ 863 Other liabilities $ 6 $ 383 $ 389 $ 2 $ 371 $ 373 Total liabilities $ 6 (a) $ 383 $ 389 $ 2 (b) $ 371 $ 373 Nonredeemable noncontrolling interests $ 166 (a) $ — $ 166 $ 101 (b) $ — $ 101 (a) Includes voting model entities (“VMEs”) with assets of $74 million , liabilities of $4 million and nonredeemable noncontrolling interests of less than $1 million . (b) Includes VMEs with assets of $253 million , liabilities of $2 million and nonredeemable noncontrolling interests of less than $1 million .
Schedule of Variable Interest Entities	As of June 30, 2019 and Dec. 31, 2018 , the following assets and liabilities related to the VIEs where BNY Mellon is not the primary beneficiary are included in our consolidated balance sheets and primarily relate to accounting for our investments in qualified affordable housing and renewable energy projects. The maximum loss exposure indicated in the table below relates solely to BNY Mellon’s investments in, and unfunded commitments to, the VIEs. Non-consolidated VIEs June 30, 2019 Dec. 31, 2018 (in millions) Assets Liabilities Maximum loss exposure Assets Liabilities Maximum loss exposure Securities - Available-for-sale (a) $ 214 $ — $ 214 $ 214 $ — $ 214 Other 2,496 500 2,996 2,450 479 2,929 (a) Includes investments in the Company’s sponsored CLOs.

Preferred stock (Tables)

Preferred stock (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Preferred Stock Summary	The following table summarizes BNY Mellon’s preferred stock issued and outstanding at June 30, 2019 and Dec. 31, 2018 . Preferred stock summary (a) Total shares issued and outstanding Carrying value (b) (in millions) June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 Per annum dividend rate Series A Greater of (i) three-month LIBOR plus 0.565% for the related distribution period; or (ii) 4.000% 5,001 5,001 $ 500 $ 500 Series C 5.2% 5,825 5,825 568 568 Series D 4.50% to but excluding June 20, 2023, then a floating rate equal to the three-month LIBOR plus 2.46% 5,000 5,000 494 494 Series E 4.95% to and including June 20, 2020, then a floating rate equal to the three-month LIBOR plus 3.42% 10,000 10,000 990 990 Series F 4.625% to and including Sept. 20, 2026, then a floating rate equal to the three-month LIBOR plus 3.131% 10,000 10,000 990 990 Total 35,826 35,826 $ 3,542 $ 3,542 (a) All outstanding preferred stock is noncumulative perpetual preferred stock with a liquidation preference of $100,000 per share. (b) The carrying value of the Series C, Series D, Series E and Series F preferred stock is recorded net of issuance costs.
Summary of Preferred Dividends Paid	The table below presents the dividends paid on our preferred stock. Preferred dividends paid (dollars in millions, except per share amounts) Depositary shares per share 2Q19 1Q19 2Q18 YTD19 YTD18 Per share Total Per share Total Per share Total Per share Total Per share Total Series A 100 (a) $ 1,022.22 $ 5 $ 1,000.00 $ 5 $ 1,022.22 $ 5 $ 2,022.22 $ 10 $ 2,022.22 $ 10 Series C 4,000 1,300.00 7 1,300.00 8 1,300.00 7 2,600.00 15 2,600.00 15 Series D 100 2,250.00 11 N/A — 2,250.00 11 2,250.00 11 2,250.00 11 Series E 100 2,475.00 25 N/A — 2,475.00 25 2,475.00 25 2,475.00 25 Series F 100 N/A — 2,312.50 23 N/A — 2,312.50 23 2,312.50 23 Total $ 48 $ 36 $ 48 $ 84 $ 84 (a) Represents Normal Preferred Capital Securities.

Other comprehensive income (l_2

Other comprehensive income (loss) (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Components of Other Comprehensive Income (Loss)	Components of other comprehensive income (loss) Quarter ended June 30, 2019 March 31, 2019 June 30, 2018 (in millions) Pre-tax amount Tax (expense) benefit After-tax amount Pre-tax amount Tax (expense) benefit After-tax amount Pre-tax amount Tax (expense) benefit After-tax amount Foreign currency translation: Foreign currency translation adjustments arising during the period (a) $ 29 $ (19 ) $ 10 $ 27 $ 2 $ 29 $ (302 ) $ (98 ) $ (400 ) Total foreign currency translation 29 (19 ) 10 27 2 29 (302 ) (98 ) (400 ) Unrealized gain (loss) on assets available-for-sale: Unrealized gain (loss) arising during period 384 (97 ) 287 322 (83 ) 239 (103 ) 39 (64 ) Reclassification adjustment (b) (7 ) 2 (5 ) (1 ) — (1 ) (1 ) 1 — Net unrealized gain (loss) on assets available-for-sale 377 (95 ) 282 321 (83 ) 238 (104 ) 40 (64 ) Defined benefit plans: Net (loss) gain arising during the period — — — (11 ) 2 (9 ) — — — Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (b) 12 (2 ) 10 13 (3 ) 10 22 (6 ) 16 Total defined benefit plans 12 (2 ) 10 2 (1 ) 1 22 (6 ) 16 Unrealized gain (loss) on cash flow hedges: Unrealized hedge gain (loss) arising during period 2 (2 ) — 6 (4 ) 2 (17 ) 3 (14 ) Reclassification of net loss (gain) to net income: FX contracts - other revenue — — — — — — 1 — 1 FX contracts - staff expense — — — 1 2 3 (2 ) 1 (1 ) Total reclassifications to net income (b) — — — 1 2 3 (1 ) 1 — Net unrealized gain (loss) on cash flow hedges 2 (2 ) — 7 (2 ) 5 (18 ) 4 (14 ) Total other comprehensive income (loss) $ 420 $ (118 ) $ 302 $ 357 $ (84 ) $ 273 $ (402 ) $ (60 ) $ (462 ) (a) Includes the impact of hedges of net investments in foreign subsidiaries. See Note 18 for additional information. (b) The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the consolidated income statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the consolidated income statement. See Note 18 for the location of the reclassification adjustment related to cash flow hedges on the consolidated income statement. Components of other comprehensive income (loss) Year-to-date June 30, 2019 June 30, 2018 (in millions) Pre-tax amount Tax (expense) benefit After-tax amount Pre-tax amount Tax (expense) benefit After-tax amount Foreign currency translation: Foreign currency translation adjustments arising during the period (a) $ 56 $ (17 ) $ 39 $ (101 ) $ (55 ) $ (156 ) Total foreign currency translation 56 (17 ) 39 (101 ) (55 ) (156 ) Unrealized gain (loss) on assets available-for-sale: Unrealized gain (loss) arising during period 706 (180 ) 526 (445 ) 106 (339 ) Reclassification adjustment (b) (8 ) 2 (6 ) 48 (11 ) 37 Net unrealized gain (loss) on assets available-for-sale 698 (178 ) 520 (397 ) 95 (302 ) Defined benefit plans: Net gain (loss) arising during the period (11 ) 2 (9 ) — — — Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (b) 25 (5 ) 20 44 (11 ) 33 Total defined benefit plans 14 (3 ) 11 44 (11 ) 33 Unrealized gain (loss) on cash flow hedges: Unrealized hedge gain (loss) arising during period 8 (6 ) 2 (10 ) 2 (8 ) Reclassification of net loss (gain) to net income: FX contracts - other revenue — — — (3 ) 1 (2 ) FX contracts - staff expense 1 2 3 (8 ) 2 (6 ) Total reclassifications to net income (b) 1 2 3 (11 ) 3 (8 ) Net unrealized gain (loss) on cash flow hedges 9 (4 ) 5 (21 ) 5 (16 ) Total other comprehensive income (loss) $ 777 $ (202 ) $ 575 $ (475 ) $ 34 $ (441 ) (a) Includes the impact of hedges of net investments in foreign subsidiaries. See Note 18 for additional information. (b) The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the consolidated income statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the consolidated income statement. See Note 18 of the Notes to Consolidated Financial Statements for the location of the reclassification adjustment related to cash flow hedges on the consolidated income statement.

Fair value measurement (Tables)

Fair value measurement (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Financial Instruments Carried at Fair Value on Recurring Basis	The following tables present the financial instruments carried at fair value at June 30, 2019 and Dec. 31, 2018 , by caption on the consolidated balance sheet and by the three-level valuation hierarchy. We have included credit ratings information in certain of the tables because the information indicates the degree of credit risk to which we are exposed, and significant changes in ratings classifications could result in increased risk for us. Assets measured at fair value on a recurring basis at June 30, 2019 Total carrying (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Available-for-sale securities: Agency RMBS $ — $ 26,204 $ — $ — $ 26,204 U.S. Treasury 14,197 — — — 14,197 Sovereign debt/sovereign guaranteed 7,818 4,524 — — 12,342 Agency commercial MBS — 9,678 — — 9,678 Supranational — 3,914 — — 3,914 CLOs — 3,649 — — 3,649 Foreign covered bonds — 3,398 — — 3,398 U.S. government agencies — 2,650 — — 2,650 Other ABS — 2,470 — — 2,470 Non-agency commercial MBS — 2,005 — — 2,005 State and political subdivisions — 1,280 — — 1,280 Non-agency RMBS (b) — 1,221 — — 1,221 Corporate bonds — 905 — — 905 Other debt securities — 1,680 — — 1,680 Total available-for-sale securities 22,015 63,578 — — 85,593 Trading assets: Debt instruments 1,529 2,260 — — 3,789 Equity instruments (c) 2,011 — — — 2,011 Derivative assets not designated as hedging: Interest rate 14 4,254 — (2,347 ) 1,921 Foreign exchange — 4,083 — (3,213 ) 870 Equity and other contracts — 46 — (8 ) 38 Total derivative assets not designated as hedging 14 8,383 — (5,568 ) 2,829 Total trading assets 3,554 10,643 — (5,568 ) 8,629 Other assets: Derivative assets designated as hedging: Foreign exchange — 156 — — 156 Total derivative assets designated as hedging — 156 — — 156 Other assets (d) 94 163 — — 257 Assets measured at NAV (d) 178 Subtotal assets of operations at fair value 25,663 74,540 — (5,568 ) 94,813 Percentage of assets of operations prior to netting 26 % 74 % — % Assets of consolidated investment management funds 305 32 — — 337 Total assets $ 25,968 $ 74,572 $ — $ (5,568 ) $ 95,150 Percentage of total assets prior to netting 26 % 74 % — % Liabilities measured at fair value on a recurring basis at June 30, 2019 Total carrying (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Trading liabilities: Debt instruments $ 1,173 $ 212 $ — $ — $ 1,385 Equity instruments 96 — — — 96 Derivative liabilities not designated as hedging: Interest rate 25 3,600 — (2,637 ) 988 Foreign exchange — 3,952 — (2,660 ) 1,292 Equity and other contracts 3 4 — — 7 Total derivative liabilities not designated as hedging 28 7,556 — (5,297 ) 2,287 Total trading liabilities 1,297 7,768 — (5,297 ) 3,768 Long-term debt (c) — 383 — — 383 Other liabilities – derivative liabilities designated as hedging: Interest rate — 311 — — 311 Foreign exchange — 24 — — 24 Total other liabilities – derivative liabilities designated as hedging — 335 — — 335 Subtotal liabilities of operations at fair value 1,297 8,486 — (5,297 ) 4,486 Percentage of liabilities of operations prior to netting 13 % 87 % — % Liabilities of consolidated investment management funds 1 5 — — 6 Total liabilities $ 1,298 $ 8,491 $ — $ (5,297 ) $ 4,492 Percentage of total liabilities prior to netting 13 % 87 % — % (a) ASC 815, Derivatives and Hedging, permits the netting of derivative receivables and derivative payables under legally enforceable master netting agreements and permits the netting of cash collateral. Netting is applicable to derivatives not designated as hedging instruments included in trading assets or trading liabilities and derivatives designated as hedging instruments included in other assets or other liabilities. Netting is allocated to the derivative products based on the net fair value of each product. (b) Includes $753 million in Level 2 that was included in the former Grantor Trust. (c) Includes certain interests in securitizations. (d) Includes seed capital, private equity investments and other assets. Assets measured at fair value on a recurring basis at Dec. 31, 2018 Total carrying value (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Available-for-sale securities: Agency RMBS $ — $ 25,308 $ — $ — $ 25,308 U.S. Treasury 20,076 — — — 20,076 Sovereign debt/sovereign guaranteed 6,613 4,137 — — 10,750 Agency commercial MBS — 9,691 — — 9,691 CLOs — 3,364 — — 3,364 Supranational — 2,984 — — 2,984 Foreign covered bonds — 2,878 — — 2,878 State and political subdivisions — 2,247 — — 2,247 Other ABS — 1,773 — — 1,773 U.S. government agencies — 1,657 — — 1,657 Non-agency commercial MBS — 1,464 — — 1,464 Non-agency RMBS (b) — 1,325 — — 1,325 Corporate bonds — 1,054 — — 1,054 Other debt securities — 1,238 — — 1,238 Total available-for-sale securities 26,689 59,120 — — 85,809 Trading assets: Debt instruments 801 2,594 — — 3,395 Equity instruments (c) 1,114 — — — 1,114 Derivative assets not designated as hedging: Interest rate 7 3,583 — (2,202 ) 1,388 Foreign exchange — 4,807 — (3,724 ) 1,083 Equity and other contracts 9 59 — (13 ) 55 Total derivative assets not designated as hedging 16 8,449 — (5,939 ) 2,526 Total trading assets 1,931 11,043 — (5,939 ) 7,035 Other assets : Derivative assets designated as hedging: Interest rate — 23 — — 23 Foreign exchange — 266 — — 266 Total derivative assets designated as hedging — 289 — — 289 Other assets (d) 68 170 — — 238 Assets measured at NAV (d) 215 Subtotal assets of operations at fair value 28,688 70,622 — (5,939 ) 93,586 Percentage of assets of operations prior to netting 29 % 71 % — % Assets of consolidated investment management funds 210 253 — — 463 Total assets $ 28,898 $ 70,875 $ — $ (5,939 ) $ 94,049 Percentage of total assets prior to netting 29 % 71 % — % Liabilities measured at fair value on a recurring basis at Dec. 31, 2018 Total carrying value (dollars in millions) Level 1 Level 2 Level 3 Netting (a) Trading liabilities: Debt instruments $ 1,006 $ 118 $ — $ — $ 1,124 Equity instruments 75 — — — 75 Derivative liabilities not designated as hedging: Interest rate 12 3,104 — (2,508 ) 608 Foreign exchange — 5,215 — (3,626 ) 1,589 Equity and other contracts 1 118 — (36 ) 83 Total derivative liabilities not designated as hedging 13 8,437 — (6,170 ) 2,280 Total trading liabilities 1,094 8,555 — (6,170 ) 3,479 Long-term debt ( c ) — 371 — — 371 Other liabilities – derivative liabilities designated as hedging: Interest rate — 74 — — 74 Foreign exchange — 14 — — 14 Total other liabilities – derivative liabilities designated as hedging — 88 — — 88 Subtotal liabilities of operations at fair value 1,094 9,014 — (6,170 ) 3,938 Percentage of liabilities of operations prior to netting 11 % 89 % — % Liabilities of consolidated investment management funds 2 — — — 2 Total liabilities $ 1,096 $ 9,014 $ — $ (6,170 ) $ 3,940 Percentage of total liabilities prior to netting 11 % 89 % — % (a) ASC 815, Derivatives and Hedging, permits the netting of derivative receivables and derivative payables under legally enforceable master netting agreements and permits the netting of cash collateral. Netting is applicable to derivatives not designated as hedging instruments included in trading assets or trading liabilities and derivatives designated as hedging instruments included in other assets or other liabilities. Netting is allocated to the derivative products based on the net fair value of each product. (b) Includes $832 million in Level 2 that was included in the former Grantor Trust. (c) Includes certain interests in securitizations. (d) Includes seed capital, private equity investments and other assets.
Details Of Certain Items Measured At Fair Value on Recurring Basis	Details of certain available-for-sale securities measured at fair value on a recurring basis June 30, 2019 Dec. 31, 2018 Total carrying value Ratings (a) Total carrying value Ratings (a) AAA/ AA- A+/ A- BBB+/ BBB- BB+ and lower AAA/ AA- A+/ A- BBB+/ BBB- BB+ and lower (dollars in millions) (b) (b) Non-agency RMBS (c) , originated in: 2007-2019 $ 311 23 % 2 % 3 % 72 % $ 315 15 % 2 % 3 % 80 % 2006 330 — 19 1 80 363 — 19 — 81 2005 356 8 1 8 83 396 9 1 7 83 2004 and earlier 224 16 23 11 50 251 16 24 11 49 Total non-agency RMBS $ 1,221 11 % 10 % 5 % 74 % $ 1,325 9 % 11 % 5 % 75 % Non-agency commercial MBS originated in 2009-2019 $ 2,005 98 % 2 % — % — % $ 1,464 96 % 4 % — % — % Foreign covered bonds: Canada $ 1,639 100 % — % — % — % $ 1,524 100 % — % — % — % United Kingdom 798 100 — — — 529 100 — — — Australia 414 100 — — — 333 100 — — — Sweden 274 100 — — — 187 100 — — — Other 273 100 — — — 305 100 — — — Total foreign covered bonds $ 3,398 100 % — % — % — % $ 2,878 100 % — % — % — % Sovereign debt/sovereign guaranteed: United Kingdom $ 3,133 100 % — % — % — % $ 2,153 100 % — % — % — % Germany 2,198 100 — — — 1,826 100 — — — France 1,424 100 — — — 1,548 100 — — — Spain 1,309 — 2 98 — 1,365 — — 100 — Italy 1,302 — — 100 — 939 — — 100 — Netherlands 811 100 — — — 875 100 — — — Hong Kong 504 100 — — — 450 100 — — — Canada 485 100 — — — 378 100 — — — Singapore 443 100 — — — 165 100 — — — Ireland 368 — 100 — — 625 — 100 — — Other (d) 365 68 1 — 31 426 75 — — 25 Total sovereign debt/sovereign guaranteed $ 12,342 75 % 3 % 21 % 1 % $ 10,750 72 % 6 % 21 % 1 % (a) Represents ratings by S&P or the equivalent. (b) At June 30, 2019 and Dec. 31, 2018 , sovereign debt/sovereign guaranteed securities were included in Level 1 and Level 2 in the valuation hierarchy. All other assets in the table are Level 2 assets in the valuation hierarchy. (c) Includes $753 million at June 30, 2019 and $832 million at Dec. 31, 2018 that were included in the former Grantor Trust. (d) Includes non-investment grade sovereign debt/sovereign guaranteed securities related to Brazil of $113 million at June 30, 2019 and $107 million at Dec. 31, 2018 .
Assets Measured at Fair Value on Nonrecurring Basis	The following table presents the financial instruments carried on the consolidated balance sheet by caption and level in the fair value hierarchy as of June 30, 2019 and Dec. 31, 2018 , for which a nonrecurring change in fair value has been recorded in the respective year. Assets measured at fair value on a nonrecurring basis June 30, 2019 Dec. 31, 2018 Total carrying value Total carrying value (in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Loans (a) $ — $ 58 $ 4 $ 62 $ — $ 64 $ 4 $ 68 Other assets (b) — 63 — 63 — 57 — 57 Total assets at fair value on a nonrecurring basis $ — $ 121 $ 4 $ 125 $ — $ 121 $ 4 $ 125 (a) The fair value of these loans decreased less than $1 million in the quarters ended June 30, 2019 and Dec. 31, 2018 , based on the fair value of the underlying collateral, as required by guidance in ASC 310, Receivables, with an offset to the allowance for credit losses. (b) Includes non-readily marketable equity securities carried at cost with upward or downward adjustments and other assets received in satisfaction of debt.
Summary of Financial Instruments Not Carried at Fair Value	The following tables present the estimated fair value and the carrying amount of financial instruments not carried at fair value on the consolidated balance sheet at June 30, 2019 and Dec. 31, 2018 , by caption on the consolidated balance sheet and by the valuation hierarchy. Summary of financial instruments June 30, 2019 (in millions) Level 1 Level 2 Level 3 Total Carrying Assets: Interest-bearing deposits with the Federal Reserve and other central banks $ — $ 69,700 $ — $ 69,700 $ 69,700 Interest-bearing deposits with banks — 15,515 — 15,515 15,491 Federal funds sold and securities purchased under resale agreements — 61,201 — 61,201 61,201 Securities held-to-maturity 5,344 29,351 — 34,695 34,549 Loans (a) — 51,425 — 51,425 51,025 Other financial assets 5,556 1,316 — 6,872 6,872 Total $ 10,900 $ 228,508 $ — $ 239,408 $ 238,838 Liabilities: Noninterest-bearing deposits $ — $ 58,255 $ — $ 58,255 $ 58,255 Interest-bearing deposits — 193,698 — 193,698 194,622 Federal funds purchased and securities sold under repurchase agreements — 11,757 — 11,757 11,757 Payables to customers and broker-dealers — 18,946 — 18,946 18,946 Commercial paper — 8,894 — 8,894 8,894 Borrowings — 2,283 — 2,283 2,283 Long-term debt — 28,365 — 28,365 27,820 Total $ — $ 322,198 $ — $ 322,198 $ 322,577 (a) Does not include the leasing portfolio. Summary of financial instruments Dec. 31, 2018 (in millions) Level 1 Level 2 Level 3 Total estimated Carrying Assets: Interest-bearing deposits with the Federal Reserve and other central banks $ — $ 67,988 $ — $ 67,988 $ 67,988 Interest-bearing deposits with banks — 14,168 — 14,168 14,148 Federal funds sold and securities purchased under resale agreements — 46,795 — 46,795 46,795 Securities held-to-maturity 5,512 27,790 — 33,302 33,982 Loans (a) — 55,142 — 55,142 55,161 Other financial assets 5,864 1,383 — 7,247 7,247 Total $ 11,376 $ 213,266 $ — $ 224,642 $ 225,321 Liabilities: Noninterest-bearing deposits $ — $ 70,783 $ — $ 70,783 $ 70,783 Interest-bearing deposits — 165,914 — 165,914 167,995 Federal funds purchased and securities sold under repurchase agreements — 14,243 — 14,243 14,243 Payables to customers and broker-dealers — 19,731 — 19,731 19,731 Commercial paper — 1,939 — 1,939 1,939 Borrowings — 3,584 — 3,584 3,584 Long-term debt — 28,347 — 28,347 28,792 Total $ — $ 304,541 $ — $ 304,541 $ 307,067 (a) Does not include the leasing portfolio.
Summary of the Carrying Amount, Notional Amount and Unrealized Gain (Loss) of Hedged Financial Instruments	The table below summarizes the carrying amount of the hedged financial instruments, the notional amount of the hedge and the unrealized gain (loss) (estimated fair value) of the derivatives. Hedged financial instruments Carrying amount Notional amount of hedge Unrealized (a) (in millions) Gain (Loss) June 30, 2019 Securities available-for-sale (b) $ 18,347 $ 18,283 $ — $ (311 ) Long-term debt 15,344 15,050 — — Dec. 31, 2018 Securities available-for-sale (b) $ 19,349 $ 19,437 $ 24 $ (74 ) Long-term debt 16,147 16,600 — — (a) Unrealized gain/loss amounts reflect the fact that certain of the derivatives are cleared and settled through central clearing counterparties where cash collateral received and paid is deemed a settlement of the derivative. (b) Includes foreign exchange fair value hedges with carrying values of $145 million and $148 million , notional amounts of $145 million and $147 million and an unrealized gain of less than $1 million and $1 million at June 30, 2019 and Dec. 31, 2018 , respectively.

Fair value option (Tables)

Fair value option (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Assets and Liabilities of Consolidated Investment Management Funds, at Fair Value	The following table presents the assets and liabilities of consolidated investment management funds, at fair value. Assets and liabilities of consolidated investment management funds, at fair value June 30, 2019 Dec. 31, 2018 (in millions) Assets of consolidated investment management funds: Trading assets $ 314 $ 243 Other assets 23 220 Total assets of consolidated investment management funds $ 337 $ 463 Liabilities of consolidated investment management funds: Other liabilities $ 6 $ 2 Total liabilities of consolidated investment management funds $ 6 $ 2 The following table presents the changes in fair value of long-term debt recorded in foreign exchange and other trading revenue in the consolidated income statement. Foreign exchange and other trading revenue (a) (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Long-term debt $ (7 ) $ (5 ) $ — $ (12 ) $ 4 (a) The changes in fair value are approximately offset by an economic hedge included in foreign exchange and other trading revenue.

Derivative instruments (Tables)

Derivative instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Gains (Losses) Related to Hedging	The following table presents the gains (losses) related to our hedging derivative portfolio recognized in the consolidated income statement. Income statement impact of fair value and cash flow hedges (in millions) Location of gains (losses) 2Q19 1Q19 2Q18 YTD19 YTD18 Interest rate fair value hedges of available-for-sale securities Derivative Interest revenue $ (486 ) $ (383 ) $ 136 $ (869 ) $ 533 Hedged item Interest revenue 480 376 (133 ) 856 (516 ) Interest rate fair value hedges of long-term debt Derivative Interest expense 300 185 (131 ) 485 (509 ) Hedged item Interest expense (298 ) (184 ) 129 (482 ) 506 Foreign exchange fair value hedges of available-for-sale securities Derivative (a) Other revenue (5 ) 6 — 1 — Hedged item Other revenue 5 (5 ) — — — Cash flow hedges of forecasted FX exposures (Loss) gain reclassified from OCI into income Other revenue — — (1 ) — 3 (Loss) gain reclassified from OCI into income Staff expense — (1 ) 2 (1 ) 8 (Loss) gain recognized in the consolidated income statement due to fair value and cash flow hedging relationships (b) $ (4 ) $ (6 ) $ 2 $ (10 ) $ 25 (a) Includes a de minimis gain in the second quarter of 2019 and a gain of $1 million in the first quarter of 2019 and first six months of 2019 associated with the amortization of the excluded component. At June 30, 2019 and Dec. 31, 2018 , the remaining accumulated OCI balance associated with the excluded component was de minimis. (b) Includes a (loss) on cash flow hedges of long-term debt of less than $(1) million in the second quarter of 2019 , first quarter of 2019 and first six months of 2019 .
Impacts of Hedging Derivatives in Net Investment Hedging Relationships	The following table presents the impact of hedging derivatives used in net investment hedging relationships in the consolidated income statement. Impact of derivative instruments used in net investment hedging relationships in the income statement (in millions) Gain or (loss) recognized in accumulated OCI on derivatives Gain or (loss) reclassified from accumulated OCI into income Derivatives in net investment hedging relationships Location of gain or (loss) reclassified from accumulated OCI into income 2Q19 1Q19 2Q18 YTD19 YTD18 2Q19 1Q19 2Q18 YTD19 YTD18 FX contracts $ 76 $ (6 ) $ 429 $ 70 $ 271 Net interest revenue $ — $ — $ — $ — $ —
Summary of Hedged Items in Fair Value Hedging Relationships	The following table presents information on the hedged items in fair value hedging relationships. Hedged items in fair value hedging relationships Carrying amount of hedged asset or liability Hedge accounting basis adjustment increase (decrease) (a) (in millions) June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 Available-for-sale securities (b) $ 18,202 $ 19,201 $ 692 $ (125 ) Long-term debt $ 14,344 $ 16,147 $ 72 $ (453 ) (a) Includes $38 million and $- million of basis adjustment decreases on discontinued hedges associated with available-for-sale securities at June 30, 2019 and Dec. 31, 2018 , respectively, and $242 million and $284 million of basis adjustment decreases on discontinued hedges associated with long-term debt at June 30, 2019 and Dec. 31, 2018 , respectively. (b) Excludes hedged items where only foreign currency risk is the designated hedged risk, as the basis adjustments related to foreign currency hedges will not reverse through the consolidated income statement in future periods. The carrying amount excluded for available-for-sale securities was $145 million at June 30, 2019 and $148 million at Dec. 31, 2018 .
Impact of Derivative Instruments on the Balance Sheet	The following table summarizes the notional amount and credit exposure of our total derivative portfolio at June 30, 2019 and Dec. 31, 2018 . Impact of derivative instruments on the balance sheet Notional value Asset derivatives fair value Liability derivatives fair value June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 June 30, 2019 Dec. 31, 2018 (in millions) Derivatives designated as hedging instruments: (a)(b) Interest rate contracts $ 33,188 $ 35,890 $ — $ 23 $ 311 $ 74 Foreign exchange contracts 7,693 6,330 156 266 24 14 Total derivatives designated as hedging instruments $ 156 $ 289 $ 335 $ 88 Derivatives not designated as hedging instruments: (b)(c) Interest rate contracts $ 302,029 $ 248,534 $ 4,268 $ 3,590 $ 3,625 $ 3,116 Foreign exchange contracts 850,236 831,730 4,083 4,807 3,952 5,215 Equity contracts 1,573 927 46 68 4 118 Credit contracts 165 150 — — 3 1 Total derivatives not designated as hedging instruments $ 8,397 $ 8,465 $ 7,584 $ 8,450 Total derivatives fair value (d) $ 8,553 $ 8,754 $ 7,919 $ 8,538 Effect of master netting agreements (e) (5,568 ) (5,939 ) (5,297 ) (6,170 ) Fair value after effect of master netting agreements $ 2,985 $ 2,815 $ 2,622 $ 2,368 (a) The fair value of asset derivatives and liability derivatives designated as hedging instruments is recorded as other assets and other liabilities, respectively, on the consolidated balance sheet. (b) For derivative transactions settled at clearing organizations, cash collateral exchanged is deemed a settlement of the derivative each day. The settlement reduces the gross fair value of derivative assets and liabilities and a corresponding decrease in the effect of master netting agreements, with no impact to the consolidated balance sheet. (c) The fair value of asset derivatives and liability derivatives not designated as hedging instruments is recorded as trading assets and trading liabilities, respectively, on the consolidated balance sheet. (d) Fair values are on a gross basis, before consideration of master netting agreements, as required by ASC 815, Derivatives and Hedging. (e) Effect of master netting agreements includes cash collateral received and paid of $836 million and $565 million , respectively, at June 30, 2019 , and $809 million and $1,040 million , respectively, at Dec. 31, 2018 .
Revenue from Foreign Exchange and Other Trading	The following table presents our foreign exchange and other trading revenue. Foreign exchange and other trading revenue (in millions) 2Q19 1Q19 2Q18 YTD19 YTD18 Foreign exchange $ 150 $ 160 $ 171 $ 310 $ 354 Other trading revenue 16 10 16 26 42 Total foreign exchange and other trading revenue $ 166 $ 170 $ 187 $ 336 $ 396
Fair Value of Derivative Contracts Falling under Early Termination Provisions that were in Net Liability Position	The following table shows the fair value of contracts falling under early termination provisions that were in net liability positions for three key ratings triggers. Potential close-out exposures (fair value) (a) (in millions) June 30, 2019 Dec. 31, 2018 If The Bank of New York Mellon’s rating changed to: (b) A3/A- $ 8 $ 15 Baa2/BBB $ 358 $ 116 Ba1/BB+ $ 1,493 $ 1,041 (a) The amounts represent potential total close-out values if The Bank of New York Mellon’s long-term issuer rating were to immediately drop to the indicated levels, and do not reflect collateral posted. (b) Represents rating by Moody’s/S&P. The following table shows the aggregate fair value of OTC derivative contracts in net liability positions that contained credit-risk contingent features and the value of collateral that has been posted. June 30, 2019 Dec. 31, 2018 (in millions) Aggregate fair value of OTC derivatives in net liability positions (a) $ 3,296 $ 2,877 Collateral posted $ 3,443 $ 2,801 (a) Before consideration of cash collateral.
Offsetting Assets	The following tables present derivative instruments and financial instruments that are either subject to an enforceable netting agreement or offset by collateral arrangements. There were no derivative instruments or financial instruments subject to a legally enforceable netting agreement for which we are not currently netting. Offsetting of derivative assets and financial assets at June 30, 2019 Gross assets recognized Gross amounts offset in the balance sheet Net assets recognized in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral received Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 2,963 $ 2,347 $ 616 $ 181 $ — $ 435 Foreign exchange contracts 3,729 3,213 516 10 — 506 Equity and other contracts 33 8 25 — — 25 Total derivatives subject to netting arrangements 6,725 5,568 1,157 191 — 966 Total derivatives not subject to netting arrangements 1,828 — 1,828 — — 1,828 Total derivatives 8,553 5,568 2,985 191 — 2,794 Reverse repurchase agreements 127,691 78,433 (b) 49,258 49,245 — 13 Securities borrowing 11,943 — 11,943 11,618 — 325 Total $ 148,187 $ 84,001 $ 64,186 $ 61,054 $ — $ 3,132 (a) Includes the effect of netting agreements and net cash collateral received. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of reverse repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system. Offsetting of derivative assets and financial assets at Dec. 31, 2018 Gross assets recognized Gross amounts offset in the balance sheet Net assets recognized in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral received Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 2,654 $ 2,202 $ 452 $ 133 $ — $ 319 Foreign exchange contracts 4,409 3,724 685 70 — 615 Equity and other contracts 38 13 25 — — 25 Total derivatives subject to netting arrangements 7,101 5,939 1,162 203 — 959 Total derivatives not subject to netting arrangements 1,653 — 1,653 — — 1,653 Total derivatives 8,754 5,939 2,815 203 — 2,612 Reverse repurchase agreements 112,245 76,040 (b) 36,205 36,205 — — Securities borrowing 10,588 — 10,588 10,286 — 302 Total $ 131,587 $ 81,979 $ 49,608 $ 46,694 $ — $ 2,914 (a) Includes the effect of netting agreements and net cash collateral received. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of reverse repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system.
Offsetting Liabilities	Offsetting of derivative liabilities and financial liabilities at June 30, 2019 Net liabilities recognized in the balance sheet Gross liabilities recognized Gross amounts offset in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral pledged Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 3,885 $ 2,637 $ 1,248 $ 1,187 $ — $ 61 Foreign exchange contracts 3,475 2,660 815 139 — 676 Equity and other contracts 4 — 4 — — 4 Total derivatives subject to netting arrangements 7,364 5,297 2,067 1,326 — 741 Total derivatives not subject to netting arrangements 555 — 555 — — 555 Total derivatives 7,919 5,297 2,622 1,326 — 1,296 Repurchase agreements 87,308 78,433 (b) 8,875 8,875 — — Securities lending 871 — 871 840 — 31 Total $ 96,098 $ 83,730 $ 12,368 $ 11,041 $ — $ 1,327 (a) Includes the effect of netting agreements and net cash collateral paid. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system. Offsetting of derivative liabilities and financial liabilities at Dec. 31, 2018 Net liabilities recognized in the balance sheet Gross liabilities recognized Gross amounts offset in the balance sheet Gross amounts not offset in the balance sheet (in millions) (a) Financial instruments Cash collateral pledged Net amount Derivatives subject to netting arrangements: Interest rate contracts $ 3,144 $ 2,508 $ 636 $ 547 $ — $ 89 Foreign exchange contracts 4,747 3,626 1,121 187 — 934 Equity and other contracts 75 36 39 37 — 2 Total derivatives subject to netting arrangements 7,966 6,170 1,796 771 — 1,025 Total derivatives not subject to netting arrangements 572 — 572 — — 572 Total derivatives 8,538 6,170 2,368 771 — 1,597 Repurchase agreements 84,665 76,040 (b) 8,625 8,625 — — Securities lending 997 — 997 937 — 60 Total $ 94,200 $ 82,210 $ 11,990 $ 10,333 $ — $ 1,657 (a) Includes the effect of netting agreements and net cash collateral paid. The offset related to the OTC derivatives was allocated to the various types of derivatives based on the net positions. (b) Offsetting of repurchase agreements relates to our involvement in the FICC, where we settle government securities transactions on a net basis for payment and delivery through the Fedwire system.
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	The following table presents the contract value of repurchase agreements and securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties. Repurchase agreements and securities lending transactions accounted for as secured borrowings June 30, 2019 Dec. 31, 2018 Remaining contractual maturity Total Remaining contractual maturity Total (in millions) Overnight and continuous Up to 30 days 30 days or more Overnight and continuous Up to 30 days 30 days or more Repurchase agreements: U.S. Treasury $ 80,367 $ — $ — $ 80,367 $ 76,822 $ — $ — $ 76,822 U.S. government agencies 826 — — 826 759 — — 759 Agency RMBS 2,205 — — 2,205 3,184 — 4 3,188 Corporate bonds 335 — 1,485 1,820 416 — 1,413 1,829 Other debt securities 284 — 931 1,215 271 — 1,106 1,377 Equity securities 241 — 634 875 163 — 527 690 Total $ 84,258 $ — $ 3,050 $ 87,308 $ 81,615 $ — $ 3,050 $ 84,665 Securities lending: U.S. government agencies $ 30 $ — $ — $ 30 $ 7 $ — $ — $ 7 Other debt securities 200 — — 200 294 — — 294 Equity securities 641 — — 641 696 — — 696 Total $ 871 $ — $ — $ 871 $ 997 $ — $ — $ 997 Total borrowings $ 85,129 $ — $ 3,050 $ 88,179 $ 82,612 $ — $ 3,050 $ 85,662

Commitments and contingent li_2

Commitments and contingent liabilities (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Summary of Off-Balance Sheet Credit Risks, Net of Participations	The following table presents a summary of our off-balance sheet credit risks. Off-balance sheet credit risks June 30, 2019 Dec. 31, 2018 (in millions) Lending commitments $ 51,191 $ 50,631 Standby letters of credit (a) 2,465 2,817 Commercial letters of credit 60 165 Securities lending indemnifications (b)(c) 406,180 401,504 (a) Net of participations totaling $162 million at June 30, 2019 and $163 million at Dec. 31, 2018 . (b) Excludes the indemnification for securities for which BNY Mellon acts as an agent on behalf of CIBC Mellon clients, which totaled $62 billion at June 30, 2019 and $56 billion at Dec. 31, 2018 . (c) Includes cash collateral, invested in indemnified repurchase agreements, held by us as securities lending agent of $45 billion at June 30, 2019 and $35 billion at Dec. 31, 2018 .
Standby Letters of Credits by Investment Grade	The table below shows SBLCs by investment grade: Standby letters of credit June 30, 2019 Dec. 31, 2018 Investment grade 90 % 89 % Non-investment grade 10 % 11 %
Summary of Credit Exposure in the Financial Institutions and Commercial Portfolios	The tables below present our credit exposure in the financial institutions and commercial portfolios. Financial institutions portfolio exposure (in billions) June 30, 2019 Loans Unfunded commitments Total exposure Securities industry $ 2.5 $ 24.3 $ 26.8 Asset managers 1.4 6.7 8.1 Banks 6.5 1.0 7.5 Insurance 0.1 2.4 2.5 Government 0.1 0.3 0.4 Other 0.9 0.9 1.8 Total $ 11.5 $ 35.6 $ 47.1 Commercial portfolio exposure (in billions) June 30, 2019 Loans Unfunded commitments Total exposure Manufacturing $ 0.7 $ 4.7 $ 5.4 Services and other 0.7 3.9 4.6 Energy and utilities 0.3 3.8 4.1 Media and telecom — 1.2 1.2 Total $ 1.7 $ 13.6 $ 15.3

Lines of business (Tables)

Lines of business (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Contribution of Segments to Overall Profitability	The following consolidating schedules present the contribution of our businesses to our overall profitability. For the quarter ended June 30, 2019 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 2,227 $ 850 (a) $ 41 $ 3,118 (a) Net interest revenue (expense) 775 67 (40 ) 802 Total revenue 3,002 917 (a) 1 3,920 (a) Provision for credit losses (4 ) (2 ) (2 ) (8 ) Noninterest expense 1,954 654 39 2,647 Income (loss) before taxes $ 1,052 $ 265 (a) $ (36 ) $ 1,281 (a) Pre-tax operating margin (b) 35 % 29 % N/M 33 % Average assets $ 264,639 $ 30,709 $ 47,036 $ 342,384 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $6 million , representing $10 million of income and noncontrolling interests of $4 million . Income before taxes is net of noncontrolling interests of $4 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful. For the quarter ended March 31, 2019 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 2,154 $ 864 (a) $ 30 $ 3,048 (a) Net interest revenue (expense) 796 75 (30 ) 841 Total revenue 2,950 939 (a) — 3,889 (a) Provision for credit losses 8 1 (2 ) 7 Noninterest expense 1,969 669 61 2,699 Income (loss) before taxes $ 973 $ 269 (a) $ (59 ) $ 1,183 (a) Pre-tax operating margin (b) 33 % 29 % N/M 31 % Average assets $ 255,891 $ 31,857 $ 48,417 $ 336,165 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $16 million , representing $26 million of income and noncontrolling interests of $10 million . Income before taxes is net of noncontrolling interests of $10 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful. For the quarter ended June 30, 2018 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 2,233 $ 941 (a) $ 41 $ 3,215 (a) Net interest revenue (expense) 874 77 (35 ) 916 Total revenue 3,107 1,018 (a) 6 4,131 (a) Provision for credit losses 1 2 (6 ) (3 ) Noninterest expense 1,967 697 81 2,745 (b) Income (loss) before taxes $ 1,139 $ 319 (a) $ (69 ) $ 1,389 (a)(b) Pre-tax operating margin (c) 37 % 31 % N/M 34 % Average assets $ 264,387 $ 31,504 $ 50,437 $ 346,328 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $5 million , representing $12 million of income and noncontrolling interests of $7 million . Income before taxes is net of noncontrolling interests of $7 million . (b) Noninterest expense includes a loss attributable to noncontrolling interests of $2 million related to other consolidated subsidiaries. (c) Income before taxes divided by total revenue. N/M - Not meaningful. For the six months ended June 30, 2019 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 4,381 $ 1,714 (a) $ 71 $ 6,166 (a) Net interest revenue (expense) 1,571 142 (70 ) 1,643 Total revenue 5,952 1,856 (a) 1 7,809 (a) Provision for credit losses 4 (1 ) (4 ) (1 ) Noninterest expense 3,923 1,323 100 5,346 Income (loss) before taxes $ 2,025 $ 534 (a) $ (95 ) $ 2,464 (a) Pre-tax operating margin (b) 34 % 29 % N/M 32 % Average assets $ 260,290 $ 30,926 $ 48,076 $ 339,292 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $22 million , representing $36 million of income and noncontrolling interests of $14 million . Income before taxes is net of noncontrolling interests of $14 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful. For the six months ended June 30, 2018 Investment Investment Other Consolidated (dollars in millions) Total fee and other revenue $ 4,483 $ 1,953 (a) $ 49 $ 6,485 (a) Net interest revenue (expense) 1,718 153 (36 ) 1,835 Total revenue 6,201 2,106 (a) 13 8,320 (a) Provision for credit losses (6 ) 4 (6 ) (8 ) Noninterest expense 3,916 1,402 168 5,486 Income (loss) before taxes $ 2,291 $ 700 (a) $ (149 ) $ 2,842 (a) Pre-tax operating margin (b) 37 % 33 % N/M 34 % Average assets $ 271,203 $ 31,732 $ 49,284 $ 352,219 (a) Both total fee and other revenue and total revenue include net income from consolidated investment management funds of $5 million , representing $1 million of income and a loss attributable to noncontrolling interests of $4 million . Income before taxes is net of a loss attributable to noncontrolling interests of $4 million . (b) Income before taxes divided by total revenue. N/M - Not meaningful.

Supplemental information to t_2

Supplemental information to the Consolidated Statement of Cash Flows (Tables)	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Information [Abstract]
Noncash Investing and Financing Transactions that are Not Reflected in Consolidated Statement of Cash Flows	Non-cash investing and financing transactions that, appropriately, are not reflected in the consolidated statement of cash flows are listed below. Non-cash investing and financing transactions Six months ended June 30, (in millions) 2019 2018 Transfers from loans to other assets for other real estate owned $ — $ 2 Change in assets of consolidated investment management funds 76 303 Change in liabilities of consolidated investment management funds 4 1 Change in nonredeemable noncontrolling interests of consolidated investment management funds 65 264 Securities purchased not settled 1,113 400 Securities matured not settled 10 25 Available-for-sale securities transferred to trading assets — 963 Held-to-maturity securities transferred to available-for-sale — 1,087 Premises and equipment/capitalized software funded by financing lease obligations 14 15 Premises and equipment/operating lease obligations 1,272 (a) — (a) Includes $1,244 million related to the adoption of ASU 2016-02, Leases, and $28 million related to new or modified leases.

Accounting changes and new ac_2

Accounting changes and new accounting guidance - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset	$ 1,160
Operating lease, liability	$ 1,358
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset		$ 1,300
Operating lease, liability		1,500
Retained earnings | ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment for the cumulative effect of applying the ASU		90	$ 90
Accumulated other comprehensive (loss), net of tax | ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment for the cumulative effect of applying the ASU		$ (90)	$ (90)

Acquisitions and dispositions (

Acquisitions and dispositions (Details) - USD ($) $ in Millions	Jun. 29, 2018	Jan. 02, 2018	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Contingent payments			$ 2	$ 2
Potential obligation to pay additional consideration, lower range			4	4
Potential obligation to pay additional consideration, upper range			$ 17	$ 17
Contingent consideration payment period				3 years
Goodwill written off					$ 65
CenterSquare
Business Acquisition [Line Items]
Assets under management divested		$ 10,000
Goodwill written off		$ 52
Amherst Capital Management LLC
Business Acquisition [Line Items]
Goodwill written off	$ 13

Securities - Amortized Cost, Gr

Securities - Amortized Cost, Gross Unrealized Gains and Losses and Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Available-for-sale:
Amortized cost	$ 84,472	$ 86,167
Gross unrealized, Gain	1,377	595
Gross unrealized, Loss	256	953
Available-for-sale	85,593	85,809
Held-to-maturity:
Amortized cost	34,549	33,982
Gross unrealized, Gains	286	67
Gross unrealized, Losses	140	747
Securities held-to-maturity	34,695	33,302
Amortized cost, Total	119,021	120,149
Gross unrealized, Gain, Total	1,663	662
Gross unrealized, Losses, Total	396	1,700
Fair value, Total	120,288	119,111
AOCI, transfers from AFS to HTM Securities, gross unrealized gains	36	39
AOCI, transfers from AFS to HTM Securities, gross unrealized losses	76	87
Agency RMBS
Available-for-sale:
Amortized cost	26,225	25,594
Gross unrealized, Gain	145	83
Gross unrealized, Loss	166	369
Available-for-sale	26,204	25,308
Held-to-maturity:
Amortized cost	26,591	25,507
Gross unrealized, Gains	195	32
Gross unrealized, Losses	127	632
Securities held-to-maturity	26,659	24,907
U.S. Treasury
Available-for-sale:
Amortized cost	13,805	20,190
Gross unrealized, Gain	424	96
Gross unrealized, Loss	32	210
Available-for-sale	14,197	20,076
Held-to-maturity:
Amortized cost	4,467	4,727
Gross unrealized, Gains	24	3
Gross unrealized, Losses	9	77
Securities held-to-maturity	4,482	4,653
Sovereign debt/sovereign guaranteed
Available-for-sale:
Amortized cost	12,184	10,663
Gross unrealized, Gain	161	108
Gross unrealized, Loss	3	21
Available-for-sale	12,342	10,750
Held-to-maturity:
Amortized cost	823	833
Gross unrealized, Gains	39	26
Gross unrealized, Losses	0	0
Securities held-to-maturity	862	859
Agency commercial MBS
Available-for-sale:
Amortized cost	9,499	9,836
Gross unrealized, Gain	194	16
Gross unrealized, Loss	15	161
Available-for-sale	9,678	9,691
Held-to-maturity:
Amortized cost	1,179	1,195
Gross unrealized, Gains	22	0
Gross unrealized, Losses	1	26
Securities held-to-maturity	1,200	1,169
CLOs
Available-for-sale:
Amortized cost	3,665	3,410
Gross unrealized, Gain	1	0
Gross unrealized, Loss	17	46
Available-for-sale	3,649	3,364
Supranational
Available-for-sale:
Amortized cost	3,878	2,985
Gross unrealized, Gain	38	7
Gross unrealized, Loss	2	8
Available-for-sale	3,914	2,984
Held-to-maturity:
Amortized cost	25	26
Gross unrealized, Gains	0	1
Gross unrealized, Losses	0	0
Securities held-to-maturity	25	27
Foreign covered bonds
Available-for-sale:
Amortized cost	3,385	2,890
Gross unrealized, Gain	17	7
Gross unrealized, Loss	4	19
Available-for-sale	3,398	2,878
Held-to-maturity:
Amortized cost	80	80
Gross unrealized, Gains	1	1
Gross unrealized, Losses	0	0
Securities held-to-maturity	81	81
State and political subdivisions
Available-for-sale:
Amortized cost	1,253	2,251
Gross unrealized, Gain	28	18
Gross unrealized, Loss	1	22
Available-for-sale	1,280	2,247
Held-to-maturity:
Amortized cost	17	17
Gross unrealized, Gains	0	0
Gross unrealized, Losses	0	0
Securities held-to-maturity	17	17
Other ABS
Available-for-sale:
Amortized cost	2,466	1,776
Gross unrealized, Gain	8	1
Gross unrealized, Loss	4	4
Available-for-sale	2,470	1,773
U.S. government agencies
Available-for-sale:
Amortized cost	2,585	1,676
Gross unrealized, Gain	65	5
Gross unrealized, Loss	0	24
Available-for-sale	2,650	1,657
Held-to-maturity:
Amortized cost	1,276	1,497
Gross unrealized, Gains	1	0
Gross unrealized, Losses	1	10
Securities held-to-maturity	1,276	1,487
Non-agency commercial MBS
Available-for-sale:
Amortized cost	1,968	1,491
Gross unrealized, Gain	38	1
Gross unrealized, Loss	1	28
Available-for-sale	2,005	1,464
Non-agency RMBS
Available-for-sale:
Amortized cost	999	1,095
Gross unrealized, Gain	230	241
Gross unrealized, Loss	8	11
Available-for-sale	1,221	1,325
Held-to-maturity:
Amortized cost	91	100
Gross unrealized, Gains	4	4
Gross unrealized, Losses	2	2
Securities held-to-maturity	93	102
Non-agency RMBS | Grantor Trust
Available-for-sale:
Available-for-sale	753	832
Corporate bonds
Available-for-sale:
Amortized cost	889	1,074
Gross unrealized, Gain	19	6
Gross unrealized, Loss	3	26
Available-for-sale	905	1,054
Other debt securities
Available-for-sale:
Amortized cost	1,671	1,236
Gross unrealized, Gain	9	6
Gross unrealized, Loss	0	4
Available-for-sale	$ 1,680	$ 1,238

Securities - Net Securities Gai

Securities - Net Securities Gains (Losses) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Securities [Abstract]
Realized gross gains	$ 12	$ 5	$ 2	$ 17	$ 4
Realized gross losses	(5)	(4)	(1)	(9)	(52)
Recognized gross impairments	0	0	0	0	0
Total net securities gains (losses)	$ 7	$ 1	$ 1	$ 8	$ (48)

Securities - Pre-Tax Net Securi

Securities - Pre-Tax Net Securities Gains (Losses) by Type (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total net securities gains (losses)	$ 7	$ 1	$ 1	$ 8	$ (48)
U.S. Treasury
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total net securities gains (losses)	3	1	0	4	(4)
Sovereign debt/sovereign guaranteed
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total net securities gains (losses)	2	1	0	3	0
State and political subdivisions
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total net securities gains (losses)	2	0	1	2	(1)
Agency RMBS
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total net securities gains (losses)	0	0	0	0	(42)
Other
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total net securities gains (losses)	$ 0	$ (1)	$ 0	$ (1)	$ (1)

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Securities [Abstract]
AOCI, transfers from AFS to HTM Securities, gross unrealized losses	$ 76	$ 87

Securities - Fair Value of Inve

Securities - Fair Value of Investments with Continuous Unrealized Loss Position (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Available-for-sale:
Less than 12 months, Fair value	$ 17,424,000,000	$ 29,115,000,000
Less than 12 months, Unrealized losses	50,000,000	215,000,000
12 months or more, Fair value	14,730,000,000	23,608,000,000
12 months or more, Unrealized losses	206,000,000	738,000,000
Total, Fair value	32,154,000,000	52,723,000,000
Total, Unrealized losses	256,000,000	953,000,000
Held-to-maturity:
Less than 12 months, Fair value	680,000,000	5,258,000,000
Less than 12 months, Unrealized losses	1,000,000	66,000,000
12 months or more, Fair value	15,494,000,000	23,246,000,000
12 months or more, Unrealized losses	139,000,000	681,000,000
Total, Fair value	16,174,000,000	28,504,000,000
Total, Unrealized losses	140,000,000	747,000,000
Less than 12 months, Fair value, Total temporary impaired securities	18,104,000,000	34,373,000,000
Less than 12 months, Unrealized losses, Total temporary impaired securities	51,000,000	281,000,000
12 months or more, Fair Value, Total temporary impaired securities	30,224,000,000	46,854,000,000
12 months or more, Unrealized losses, Total temporary impaired securities	345,000,000	1,419,000,000
Total, Fair value, Total temporary impaired securities	48,328,000,000	81,227,000,000
Total, Unrealized losses, Total temporary impaired securities	396,000,000	1,700,000,000
AOCI, transfers from AFS to HTM Securities, gross unrealized losses, greater than 12 months	76,000,000	87,000,000
AOCI, transfers from AFS to HTM Securities, gross unrealized losses, less than 12 months	0	0
Agency RMBS
Available-for-sale:
Less than 12 months, Fair value	9,070,000,000	6,678,000,000
Less than 12 months, Unrealized losses	31,000,000	30,000,000
12 months or more, Fair value	7,410,000,000	9,250,000,000
12 months or more, Unrealized losses	135,000,000	339,000,000
Total, Fair value	16,480,000,000	15,928,000,000
Total, Unrealized losses	166,000,000	369,000,000
Held-to-maturity:
Less than 12 months, Fair value	623,000,000	4,602,000,000
Less than 12 months, Unrealized losses	1,000,000	56,000,000
12 months or more, Fair value	12,922,000,000	17,107,000,000
12 months or more, Unrealized losses	126,000,000	576,000,000
Total, Fair value	13,545,000,000	21,709,000,000
Total, Unrealized losses	127,000,000	632,000,000
U.S. Treasury
Available-for-sale:
Less than 12 months, Fair value	74,000,000	6,126,000,000
Less than 12 months, Unrealized losses	1,000,000	23,000,000
12 months or more, Fair value	2,961,000,000	6,880,000,000
12 months or more, Unrealized losses	31,000,000	187,000,000
Total, Fair value	3,035,000,000	13,006,000,000
Total, Unrealized losses	32,000,000	210,000,000
Held-to-maturity:
Less than 12 months, Fair value	0	157,000,000
Less than 12 months, Unrealized losses	0	2,000,000
12 months or more, Fair value	2,066,000,000	4,343,000,000
12 months or more, Unrealized losses	9,000,000	75,000,000
Total, Fair value	2,066,000,000	4,500,000,000
Total, Unrealized losses	9,000,000	77,000,000
Sovereign debt/sovereign guaranteed
Available-for-sale:
Less than 12 months, Fair value	1,680,000,000	2,185,000,000
Less than 12 months, Unrealized losses	1,000,000	8,000,000
12 months or more, Fair value	738,000,000	988,000,000
12 months or more, Unrealized losses	2,000,000	13,000,000
Total, Fair value	2,418,000,000	3,173,000,000
Total, Unrealized losses	3,000,000	21,000,000
Agency commercial MBS
Available-for-sale:
Less than 12 months, Fair value	2,353,000,000	4,505,000,000
Less than 12 months, Unrealized losses	6,000,000	50,000,000
12 months or more, Fair value	1,030,000,000	3,082,000,000
12 months or more, Unrealized losses	9,000,000	111,000,000
Total, Fair value	3,383,000,000	7,587,000,000
Total, Unrealized losses	15,000,000	161,000,000
Held-to-maturity:
Less than 12 months, Fair value	0	477,000,000
Less than 12 months, Unrealized losses	0	7,000,000
12 months or more, Fair value	57,000,000	654,000,000
12 months or more, Unrealized losses	1,000,000	19,000,000
Total, Fair value	57,000,000	1,131,000,000
Total, Unrealized losses	1,000,000	26,000,000
Supranational
Available-for-sale:
Less than 12 months, Fair value	814,000,000	974,000,000
Less than 12 months, Unrealized losses	1,000,000	2,000,000
12 months or more, Fair value	206,000,000	481,000,000
12 months or more, Unrealized losses	1,000,000	6,000,000
Total, Fair value	1,020,000,000	1,455,000,000
Total, Unrealized losses	2,000,000	8,000,000
CLOs
Available-for-sale:
Less than 12 months, Fair value	1,346,000,000	3,280,000,000
Less than 12 months, Unrealized losses	4,000,000	46,000,000
12 months or more, Fair value	1,134,000,000	2,000,000
12 months or more, Unrealized losses	13,000,000	0
Total, Fair value	2,480,000,000	3,282,000,000
Total, Unrealized losses	17,000,000	46,000,000
Foreign covered bonds
Available-for-sale:
Less than 12 months, Fair value	568,000,000	1,058,000,000
Less than 12 months, Unrealized losses	1,000,000	7,000,000
12 months or more, Fair value	707,000,000	736,000,000
12 months or more, Unrealized losses	3,000,000	12,000,000
Total, Fair value	1,275,000,000	1,794,000,000
Total, Unrealized losses	4,000,000	19,000,000
Other ABS
Available-for-sale:
Less than 12 months, Fair value	1,053,000,000	1,289,000,000
Less than 12 months, Unrealized losses	4,000,000	4,000,000
12 months or more, Fair value	31,000,000	23,000,000
12 months or more, Unrealized losses	0	0
Total, Fair value	1,084,000,000	1,312,000,000
Total, Unrealized losses	4,000,000	4,000,000
Non-agency commercial MBS
Available-for-sale:
Less than 12 months, Fair value	414,000,000	1,015,000,000
Less than 12 months, Unrealized losses	1,000,000	14,000,000
12 months or more, Fair value	38,000,000	362,000,000
12 months or more, Unrealized losses	0	14,000,000
Total, Fair value	452,000,000	1,377,000,000
Total, Unrealized losses	1,000,000	28,000,000
State and political subdivisions
Available-for-sale:
Less than 12 months, Fair value	0	316,000,000
Less than 12 months, Unrealized losses	0	1,000,000
12 months or more, Fair value	116,000,000	668,000,000
12 months or more, Unrealized losses	1,000,000	21,000,000
Total, Fair value	116,000,000	984,000,000
Total, Unrealized losses	1,000,000	22,000,000
Non-agency RMBS
Available-for-sale:
Less than 12 months, Fair value	26,000,000	94,000,000
Less than 12 months, Unrealized losses	0	1,000,000
12 months or more, Fair value	121,000,000	157,000,000
12 months or more, Unrealized losses	8,000,000	10,000,000
Total, Fair value	147,000,000	251,000,000
Total, Unrealized losses	8,000,000	11,000,000
Held-to-maturity:
Less than 12 months, Fair value	7,000,000	22,000,000
Less than 12 months, Unrealized losses	0	1,000,000
12 months or more, Fair value	42,000,000	31,000,000
12 months or more, Unrealized losses	2,000,000	1,000,000
Total, Fair value	49,000,000	53,000,000
Total, Unrealized losses	2,000,000	2,000,000
Non-agency RMBS | Grantor Trust
Available-for-sale:
Less than 12 months, Fair value	6,000,000	22,000,000
Less than 12 months, Unrealized losses	1,000,000	1,000,000
12 months or more, Fair value	3,000,000	3,000,000
12 months or more, Unrealized losses	1,000,000	1,000,000
Corporate bonds
Available-for-sale:
Less than 12 months, Fair value	26,000,000	685,000,000
Less than 12 months, Unrealized losses	0	24,000,000
12 months or more, Fair value	238,000,000	50,000,000
12 months or more, Unrealized losses	3,000,000	2,000,000
Total, Fair value	264,000,000	735,000,000
Total, Unrealized losses	3,000,000	26,000,000
U.S. government agencies
Available-for-sale:
Less than 12 months, Fair value		513,000,000
Less than 12 months, Unrealized losses		4,000,000
12 months or more, Fair value		673,000,000
12 months or more, Unrealized losses		20,000,000
Total, Fair value		1,186,000,000
Total, Unrealized losses		24,000,000
Held-to-maturity:
Less than 12 months, Fair value	50,000,000	0
Less than 12 months, Unrealized losses	0	0
12 months or more, Fair value	407,000,000	1,111,000,000
12 months or more, Unrealized losses	1,000,000	10,000,000
Total, Fair value	457,000,000	1,111,000,000
Total, Unrealized losses	$ 1,000,000	10,000,000
Other debt securities
Available-for-sale:
Less than 12 months, Fair value		397,000,000
Less than 12 months, Unrealized losses		1,000,000
12 months or more, Fair value		256,000,000
12 months or more, Unrealized losses		3,000,000
Total, Fair value		653,000,000
Total, Unrealized losses		$ 4,000,000

Securities - Maturity Distribut

Securities - Maturity Distribution and Yield of Investment Securities Portfolio (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Securities available-for-sale, Amount:
One year or less	$ 10,569
Over 1 through 5 years	19,896
Over 5 through 10 years	6,875
Over 10 years	3,026
Total	85,593	$ 85,809
Securities held-to-maturity, Amount:
One year or less	1,971
Over 1 through 5 years	3,849
Over 5 through 10 years	842
Over 10 years	26
Amortized cost	34,549	33,982
Mortgage-backed securities
Securities available-for-sale, Amount:
Without single maturity date	39,108
Securities held-to-maturity, Amount:
Mortgage-backed securities	27,861
Asset-backed securities
Securities available-for-sale, Amount:
Without single maturity date	6,119
U.S. Treasury
Securities available-for-sale, Amount:
One year or less	3,152
Over 1 through 5 years	5,057
Over 5 through 10 years	3,283
Over 10 years	2,705
Total	$ 14,197	20,076
Securities available-for-sale (Yield):
One year or less	2.59%
Over 1 through 5 years	1.81%
Over 5 through 10 years	2.31%
Over 10 years	3.11%
Total	2.35%
Securities held-to-maturity, Amount:
One year or less	$ 1,556
Over 1 through 5 years	2,600
Over 5 through 10 years	311
Over 10 years	0
Amortized cost	$ 4,467	4,727
Securities held-to-maturity (Yield):
One year or less	1.48%
Over 1 through 5 years	1.96%
Over 5 through 10 years	2.18%
Over 10 years	0.00%
Total	1.81%
U.S. government agencies
Securities available-for-sale, Amount:
One year or less	$ 80
Over 1 through 5 years	991
Over 5 through 10 years	1,579
Over 10 years	0
Total	$ 2,650	1,657
Securities available-for-sale (Yield):
One year or less	2.28%
Over 1 through 5 years	2.68%
Over 5 through 10 years	2.81%
Over 10 years	0.00%
Total	2.74%
Securities held-to-maturity, Amount:
One year or less	$ 333
Over 1 through 5 years	759
Over 5 through 10 years	172
Over 10 years	12
Amortized cost	$ 1,276	1,497
Securities held-to-maturity (Yield):
One year or less	1.31%
Over 1 through 5 years	2.33%
Over 5 through 10 years	2.89%
Over 10 years	3.25%
Total	2.15%
State and political subdivisions
Securities available-for-sale, Amount:
One year or less	$ 189
Over 1 through 5 years	849
Over 5 through 10 years	130
Over 10 years	112
Total	$ 1,280	2,247
Securities available-for-sale (Yield):
One year or less	2.97%
Over 1 through 5 years	3.16%
Over 5 through 10 years	3.05%
Over 10 years	2.96%
Total	3.10%
Securities held-to-maturity, Amount:
One year or less	$ 0
Over 1 through 5 years	3
Over 5 through 10 years	0
Over 10 years	14
Amortized cost	$ 17	$ 17
Securities held-to-maturity (Yield):
One year or less	0.00%
Over 1 through 5 years	5.68%
Over 5 through 10 years	0.00%
Over 10 years	4.76%
Total	4.93%
Other bonds, notes and debentures
Securities available-for-sale, Amount:
One year or less	$ 7,148
Over 1 through 5 years	12,999
Over 5 through 10 years	1,883
Over 10 years	209
Total	$ 22,239
Securities available-for-sale (Yield):
One year or less	1.32%
Over 1 through 5 years	1.34%
Over 5 through 10 years	0.84%
Over 10 years	1.78%
Total	1.30%
Securities held-to-maturity, Amount:
One year or less	$ 82
Over 1 through 5 years	487
Over 5 through 10 years	359
Over 10 years	0
Amortized cost	$ 928
Securities held-to-maturity (Yield):
One year or less	0.64%
Over 1 through 5 years	0.57%
Over 5 through 10 years	0.81%
Over 10 years	0.00%
Total	0.67%
Mortgage/ asset-backed
Securities available-for-sale, Amount:
Total	$ 45,227
Securities available-for-sale (Yield):
Total	3.20%
Securities held-to-maturity, Amount:
Amortized cost	$ 27,861
Securities held-to-maturity (Yield):
Total	2.98%
Mortgage/ asset-backed | Mortgage-backed securities
Securities available-for-sale, Amount:
Without single maturity date	$ 39,108
Securities available-for-sale (Yield):
Without single maturity date	3.18%
Securities held-to-maturity, Amount:
Mortgage-backed securities	$ 27,861
Securities held-to-maturity (Yield):
Without single maturity date	2.98%
Mortgage/ asset-backed | Asset-backed securities
Securities available-for-sale, Amount:
Without single maturity date	$ 6,119
Securities available-for-sale (Yield):
Without single maturity date	3.33%

Securities - Debt Securities Cr

Securities - Debt Securities Credit Losses Roll Forward Recorded in Earnings (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other than Temporary Impairment [Roll Forward]
Beginning balance	$ 77	$ 80	$ 78	$ 84
Add: Initial OTTI credit losses	0	0	0	0
Subsequent OTTI credit losses	0	0	0	0
Less: Realized losses for securities sold	0	1	1	5
Ending balance	$ 77	$ 79	$ 77	$ 79

Securities - Pledged assets (De

Securities - Pledged assets (Details) - USD ($) $ in Billions	Jun. 30, 2019	Dec. 31, 2018
Securities [Abstract]
Pledged assets	$ 117	$ 120
Pledged collateral for potential borrowings at the Federal Reserve Discount Window	90	96
Pledged asset, other not separately reported, potential borrowings at FHLB	7	7
Pledged securities	98	100
Pledged loans	14	15
Pledged trading assets	5	4
Pledged interest-bearing deposits	1	1
Financial instruments owned and pledged as collateral, amount eligible to be pledged by counterparty	19	13
Pledged assets permitted to be sold or repledged	164	151
Market value of securities received as collateral that have been sold or repledged	101	101
Cash segregated under federal or other regulations	2	2
Securities segregated under federal or other regulations	$ 2	$ 2

Loans and asset quality - Loan

Loans and asset quality - Loan Distribution and Industry Concentrations (Details) - USD ($) $ in Millions	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 52,396		$ 56,564
Unearned income on lease financings	340		358
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,700
Financial institutions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	11,500
Wealth management loans and mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,669		15,965
Other residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	549		594
Overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,700		5,500
Margin loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,600		13,500
Domestic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	40,857		45,044
Domestic | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,452		1,949
Domestic | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,192		4,787
Domestic | Financial institutions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,574		5,091
Domestic | Lease financings
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	662		706
Domestic | Wealth management loans and mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,579		15,843
Domestic | Other residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	549		594
Domestic | Overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,575	$ 654	1,550	$ 1,090
Domestic | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,122	1,152	1,181	1,169
Domestic | Margin loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,152	$ 12,107	13,343	$ 14,914
Foreign
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	11,539		11,520
Foreign | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	285		183
Foreign | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7		0
Foreign | Financial institutions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,948		6,492
Foreign | Lease financings
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	563		551
Foreign | Wealth management loans and mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	90		122
Foreign | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,196		4,031
Foreign | Margin loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 450		$ 141

Loans and asset quality - Loans

Loans and asset quality - Loans Additional Information (Details)	6 Months Ended
	Jun. 30, 2019class_of_receivablesegment
Receivables [Abstract]
Number of portfolio segments (segment) | segment	3
Number of classes of financing receivables (class of receivable) | class_of_receivable	6

Loans and asset quality - Allow

Loans and asset quality - Allowance for Credit Losses Activity (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 248	$ 252	$ 256	$ 252	$ 261
Charge-offs	(1)	(11)	0	(12)	0
Recoveries	2	0	1	2	1
Net (charge-offs) recoveries	1	(11)	1	(10)	1
Provision	(8)	7	(3)	(1)	(8)
Ending balance	241	248	254	241	254
Allowance for:
Loan losses	146	146	145	146	145
Lending-related commitments	95	102	109	95	109
Individually evaluated for impairment:
Loan balance	112	100	5	112	5
Allowance for loan losses	10	10	0	10	0
Collectively evaluated for impairment:
Loan balance	52,284	53,387	57,771	52,284	57,771
Allowance for loan losses	136	136	145	136	145
Loans	52,396			52,396		$ 56,564
Commercial
Collectively evaluated for impairment:
Loans	1,700			1,700
Financial institutions
Collectively evaluated for impairment:
Loans	11,500			11,500
Wealth management loans and mortgages
Collectively evaluated for impairment:
Loans	15,669			15,669		15,965
Other residential mortgages
Collectively evaluated for impairment:
Loans	549			549		594
Overdrafts
Collectively evaluated for impairment:
Loans	4,700			4,700		5,500
Margin loans
Collectively evaluated for impairment:
Loans	10,600			10,600		13,500
Domestic
Collectively evaluated for impairment:
Loans	40,857			40,857		45,044
Domestic | Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	82	81	75	81	77
Charge-offs	0	(11)	0	(11)	0
Recoveries	0	0	0	0	0
Net (charge-offs) recoveries	0	(11)	0	(11)	0
Provision	(5)	12	1	7	(1)
Ending balance	77	82	76	77	76
Allowance for:
Loan losses	23	24	17	23	17
Lending-related commitments	54	58	59	54	59
Individually evaluated for impairment:
Loan balance	96	96	0	96	0
Allowance for loan losses	10	10	0	10	0
Collectively evaluated for impairment:
Loan balance	1,356	1,626	2,117	1,356	2,117
Allowance for loan losses	13	14	17	13	17
Loans	1,452			1,452		1,949
Domestic | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	74	75	75	75	76
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0	0
Provision	(2)	(1)	(1)	(3)	(2)
Ending balance	72	74	74	72	74
Allowance for:
Loan losses	57	56	55	57	55
Lending-related commitments	15	18	19	15	19
Individually evaluated for impairment:
Loan balance	0	0	0	0	0
Allowance for loan losses	0	0	0	0	0
Collectively evaluated for impairment:
Loan balance	5,192	4,921	4,974	5,192	4,974
Allowance for loan losses	57	56	55	57	55
Loans	5,192			5,192		4,787
Domestic | Financial institutions
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	23	22	22	22	23
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0	0
Provision	(2)	1	2	(1)	1
Ending balance	21	23	24	21	24
Allowance for:
Loan losses	8	10	8	8	8
Lending-related commitments	13	13	16	13	16
Individually evaluated for impairment:
Loan balance	0	0	0	0	0
Allowance for loan losses	0	0	0	0	0
Collectively evaluated for impairment:
Loan balance	4,574	4,652	5,526	4,574	5,526
Allowance for loan losses	8	10	8	8	8
Loans	4,574			4,574		5,091
Domestic | Lease financings
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4	5	7	5	8
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0	0
Provision	0	(1)	(1)	(1)	(2)
Ending balance	4	4	6	4	6
Allowance for:
Loan losses	4	4	6	4	6
Lending-related commitments	0	0	0	0	0
Individually evaluated for impairment:
Loan balance	0	0	0	0	0
Allowance for loan losses	0	0	0	0	0
Collectively evaluated for impairment:
Loan balance	662	653	758	662	758
Allowance for loan losses	4	4	6	4	6
Loans	662			662		706
Domestic | Wealth management loans and mortgages
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	21	21	23	21	22
Charge-offs	(1)	0	0	(1)	0
Recoveries	0	0	0	0	0
Net (charge-offs) recoveries	(1)	0	0	(1)	0
Provision	0	0	0	0	1
Ending balance	20	21	23	20	23
Allowance for:
Loan losses	17	18	19	17	19
Lending-related commitments	3	3	4	3	4
Individually evaluated for impairment:
Loan balance	16	4	5	16	5
Allowance for loan losses	0	0	0	0	0
Collectively evaluated for impairment:
Loan balance	15,563	15,724	16,186	15,563	16,186
Allowance for loan losses	17	18	19	17	19
Loans	15,579			15,579		15,843
Domestic | Other residential mortgages
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	15	16	19	16	20
Charge-offs	0	0	0	0	0
Recoveries	2	0	1	2	1
Net (charge-offs) recoveries	2	0	1	2	1
Provision	(3)	(1)	(2)	(4)	(3)
Ending balance	14	15	18	14	18
Allowance for:
Loan losses	14	15	18	14	18
Lending-related commitments	0	0	0	0	0
Individually evaluated for impairment:
Loan balance	0	0	0	0	0
Allowance for loan losses	0	0	0	0	0
Collectively evaluated for impairment:
Loan balance	549	574	653	549	653
Allowance for loan losses	14	15	18	14	18
Loans	549			549		594
Domestic | All other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	0	0	0	0	0
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0	0
Provision	0	0	0	0	0
Ending balance	0	0	0	0	0
Allowance for:
Loan losses	0	0	0	0	0
Lending-related commitments	0	0	0	0	0
Individually evaluated for impairment:
Loan balance	0	0	0	0	0
Allowance for loan losses	0	0	0	0	0
Collectively evaluated for impairment:
Loan balance	12,849	13,913	17,173	12,849	17,173
Allowance for loan losses	0	0	0	0	0
Domestic | Overdrafts
Collectively evaluated for impairment:
Loans	1,575	654	1,090	1,575	1,090	1,550
Domestic | Margin loans
Collectively evaluated for impairment:
Loans	10,152	12,107	14,914	10,152	14,914	13,343
Domestic | Other
Collectively evaluated for impairment:
Loans	1,122	1,152	1,169	1,122	1,169	1,181
Foreign
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	29	32	35	32	35
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0	0
Provision	4	(3)	(2)	1	(2)
Ending balance	33	29	33	33	33
Allowance for:
Loan losses	23	19	22	23	22
Lending-related commitments	10	10	11	10	11
Individually evaluated for impairment:
Loan balance	0	0	0	0	0
Allowance for loan losses	0	0	0	0	0
Collectively evaluated for impairment:
Loan balance	11,539	11,324	10,384	11,539	10,384
Allowance for loan losses	23	$ 19	$ 22	23	$ 22
Loans	11,539			11,539		11,520
Foreign | Commercial
Collectively evaluated for impairment:
Loans	285			285		183
Foreign | Commercial real estate
Collectively evaluated for impairment:
Loans	7			7		0
Foreign | Financial institutions
Collectively evaluated for impairment:
Loans	6,948			6,948		6,492
Foreign | Lease financings
Collectively evaluated for impairment:
Loans	563			563		551
Foreign | Wealth management loans and mortgages
Collectively evaluated for impairment:
Loans	90			90		122
Foreign | Margin loans
Collectively evaluated for impairment:
Loans	450			450		141
Foreign | Other
Collectively evaluated for impairment:
Loans	$ 3,196			$ 3,196		$ 4,031

Loans and asset quality - Nonpe

Loans and asset quality - Nonperforming Assets (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Total nonperforming loans	$ 12
Domestic
Financing Receivable, Impaired [Line Items]
Total nonperforming loans	184	$ 76
Other assets owned	2	3
Total nonperforming assets (a)	186	79
Domestic | Commercial
Financing Receivable, Impaired [Line Items]
Total nonperforming loans	96	0
Domestic | Other residential mortgages
Financing Receivable, Impaired [Line Items]
Total nonperforming loans	65	67
Domestic | Wealth management loans and mortgages
Financing Receivable, Impaired [Line Items]
Total nonperforming loans	$ 23	$ 9

Loans and asset quality - Lost

Loans and asset quality - Lost Interest (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Receivables [Abstract]
Amount by which interest income would have increased if nonperforming loans at year-end had been performing for the entire year	$ 4	$ 2	$ 1	$ 7	$ 2

Loans and asset quality - Infor

Loans and asset quality - Information about Impaired Loans (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Impaired loans with an allowance, average recorded investment	$ 96	$ 48	$ 1	$ 64	$ 1
Total impaired loans, average recorded investment	106	52	5	72	5
Impaired loans with an allowance, interest income recognized	0	0	0	0	0
Total impaired loans, interest income recognized	0	0	0	0	0
Total impaired loans, recorded investment	112			112		$ 4
Total impaired loans, unpaid Principal balance	112			112		4
Impaired loans with an allowance, related allowance	10			10		0
Commercial
Financing Receivable, Impaired [Line Items]
Impaired loans with an allowance, average recorded investment	96	48	0	64	0
Impaired loans with an allowance, interest income recognized	0	0	0	0	0
Impaired loans with an allowance, recorded investment	96			96		0
Impaired loans with an allowance, unpaid Principal balance	96			96		0
Impaired loans with an allowance, related allowance	10			10		0
Wealth management loans and mortgages
Financing Receivable, Impaired [Line Items]
Impaired loans with an allowance, average recorded investment	0	0	1	0	1
Impaired loans without an allowance, average recorded investment	10	4	4	8	4
Impaired loans with an allowance, interest income recognized	0	0	0	0	0
Impaired loans without an allowance, interest income recognized	0	$ 0	$ 0	0	$ 0
Impaired loans without an allowance, recorded investment	16			16		4
Impaired loans without an allowance, unpaid Principal balance	16			16		4
Loans individually less than one million
Financing Receivable, Impaired [Line Items]
Impaired loans with an allowance, recorded investment	1			1		1
Impaired loans with an allowance, related allowance	1			1		1
Loans individually less than one million | Maximum
Financing Receivable, Impaired [Line Items]
Impaired loans with an allowance, recorded investment	$ 1			$ 1		$ 1

Loans and asset quality - Inf_2

Loans and asset quality - Information about Past Due Loans (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total past due loans	$ 52	$ 60
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	49	38
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	3	10
Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	0	12
Domestic | Wealth management loans and mortgages
Financing Receivable, Past Due [Line Items]
Total past due loans	21	28
Domestic | Wealth management loans and mortgages | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	19	22
Domestic | Wealth management loans and mortgages | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	2	1
Domestic | Wealth management loans and mortgages | Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	0	5
Domestic | Other residential mortgages
Financing Receivable, Past Due [Line Items]
Total past due loans	12	25
Domestic | Other residential mortgages | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	11	12
Domestic | Other residential mortgages | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	1	6
Domestic | Other residential mortgages | Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	0	7
Domestic | Financial institutions
Financing Receivable, Past Due [Line Items]
Total past due loans	10	6
Domestic | Financial institutions | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	10	3
Domestic | Financial institutions | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	0	3
Domestic | Financial institutions | Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	0	0
Domestic | Commercial real estate
Financing Receivable, Past Due [Line Items]
Total past due loans	9	1
Domestic | Commercial real estate | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	9	1
Domestic | Commercial real estate | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	0	0
Domestic | Commercial real estate | Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due loans	$ 0	$ 0

Loans and asset quality - Troub

Loans and asset quality - Troubled Debt Restructuring (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018
Other residential mortgages
Financing Receivable, Troubled Debt Restructuring [Line Items]
Outstanding recorded investment Post- modification	$ 1	$ 1	$ 1

Loans and asset quality - Credi

Loans and asset quality - Credit Risk Profile by Grade (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 52,396	$ 56,564
Wealth management loans and mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	15,669	15,965
Wealth management loans and mortgages | Wealth management mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	8,835	8,958
Investment grade | Wealth management loans and mortgages | Wealth management loans:
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,673	6,901
Non-investment grade | Wealth management loans and mortgages | Wealth management loans:
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	161	106
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,737	2,132
Commercial | Investment grade
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,555	2,036
Commercial | Non-investment grade
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	182	96
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,199	4,787
Commercial real estate | Investment grade
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	4,577	4,184
Commercial real estate | Non-investment grade
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	622	603
Financial institutions
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	11,522	11,583
Financial institutions | Investment grade
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,338	9,586
Financial institutions | Non-investment grade
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 2,184	$ 1,997

Loans and asset quality - Cre_2

Loans and asset quality - Credit Risk Indicators Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 52,396		$ 56,564
Wealth management loans and mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan to value ratio at origination (percent)	62.00%
Percentage of past due mortgages (less than)	1.00%
Loans	$ 15,669		15,965
Wealth management loans and mortgages | California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Geographic concentrations (percent)	23.00%
Wealth management loans and mortgages | New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Geographic concentrations (percent)	18.00%
Wealth management loans and mortgages | Massachusetts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Geographic concentrations (percent)	10.00%
Wealth management loans and mortgages | Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Geographic concentrations (percent)	8.00%
Wealth management loans and mortgages | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Geographic concentrations (percent)	41.00%
Other residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 549		594
Overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 4,700		5,500
Overdraft repayment period	2 days
Margin loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 10,600		13,500
Domestic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	40,857		45,044
Domestic | Wealth management loans and mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,579		15,843
Domestic | Other residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	549		594
Purchased mortgages	$ 111
Percentage of purchased residential mortgages that were at least 60 days delinquent	10.00%
Domestic | Overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 1,575	$ 654	1,550	$ 1,090
Domestic | Margin loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 10,152	$ 12,107	$ 13,343	$ 14,914
Domestic | Margin loans | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required daily collateral margin (in excess of)	100.00%

Leasing - Narrative (Details)

Leasing - Narrative (Details)	6 Months Ended
	Jun. 30, 2019
Minimum
Lessee, Lease, Description [Line Items]
Lease, remaining lease term (years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease, remaining lease term (years)	20 years

Leasing - Balance Sheet Informa

Leasing - Balance Sheet Information (Details) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating lease, right-of-use asset	$ 1,160
Finance lease, right-of-use asset	21
Right-of-use asset	1,181
Operating lease, liability	1,358
Finance lease, liability	10
Lease liability	$ 1,368
Operating lease, weighted average remaining lease term	8 years 3 months 18 days
Finance lease, weighted average remaining lease term	3 years 3 months 18 days
Operating lease, weighted average discount rate, percent	3.17%
Finance lease, weighted average discount rate, percent	2.78%

Leasing - Components of Lease E

Leasing - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease expense	$ 63	$ 132
Variable lease expense	10	19
Sublease income	(8)	(16)
Finance lease expense:
Amortization of right-of-use assets	2	4
Interest on lease liabilities	0	0
Total finance lease expense	2	4
Total lease expense	$ 67	$ 139

Leasing - Cash Flow Information

Leasing - Cash Flow Information Related to Leases (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating cash flows from finance leases	$ 0
Operating cash flows from operating leases	134
Financing cash flows from finance leases	$ 12

Leasing - Maturities of Operati

Leasing - Maturities of Operating Leases Prior to Adopting 2016-02 (Details) $ in Millions	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 264
2020	244
2021	211
2022	172
2023	136
2024 and thereafter	432
Total	$ 1,459

Leasing - Maturities of Opera_2

Leasing - Maturities of Operating and Finance Leases After Adopting 2016-02 (Details) $ in Millions	Jun. 30, 2019USD ($)
Operating leases
2019	$ 148
2020	271
2021	215
2022	175
2023	137
2024 and thereafter	600
Total lease payments	1,546
Less: Imputed interest	(188)
Total	1,358
Finance leases
2019	9
2020	1
2021	0
2022	0
2023	0
2024 and thereafter	0
Total lease payments	10
Less: Imputed interest	0
Total	$ 10

Goodwill and intangible asset_2

Goodwill and intangible assets - Goodwill (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Goodwill [Roll Forward]
Beginning balance	$ 17,350	$ 17,564
Dispositions		(65)
Foreign currency translation	(13)	(81)
Ending balance	17,337	17,418
Investment Services
Goodwill [Roll Forward]
Beginning balance	8,333	8,389
Dispositions		0
Foreign currency translation	(6)	(31)
Ending balance	8,327	8,358
Investment Management
Goodwill [Roll Forward]
Beginning balance	8,970	9,128
Dispositions		(65)
Foreign currency translation	(7)	(50)
Ending balance	8,963	9,013
Other
Goodwill [Roll Forward]
Beginning balance	47	47
Dispositions		0
Foreign currency translation	0	0
Ending balance	$ 47	$ 47

Other assets - Components of Ot

Other assets - Components of Other Assets (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Other Assets [Abstract]
Corporate/bank-owned life insurance	$ 4,970	$ 4,937
Accounts receivable	4,322	3,692
Fails to deliver	4,057	2,274
Software	1,710	1,652
Prepaid pension assets	1,444	1,357
Renewable energy investments	1,201	1,264
Equity in a joint venture and other investments	1,156	1,064
Qualified affordable housing project investments	1,068	999
Income taxes receivable	743	1,125
Prepaid expense	539	385
Federal Reserve Bank stock	463	484
Seed capital	217	224
Fair value of hedging derivatives	156	289
Other	1,691	1,552
Total other assets	23,737	21,298
Federal Home Loan Bank stock, at cost	$ 73	$ 111

Goodwill and intangible asset_3

Goodwill and intangible assets - Intangible Assets by Business Segment (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Intangible Assets [Roll Forward]
Beginning Balance		$ 3,220		$ 3,220	$ 3,411
Amortization	$ (30)	(29)	$ (48)	(59)	(97)
Foreign currency translation				(1)	(6)
Ending Balance	3,160		3,308	3,160	3,308
Investment Services
Intangible Assets [Roll Forward]
Beginning Balance		758		758	888
Amortization				(41)	(72)
Foreign currency translation				0	(1)
Ending Balance	717		815	717	815
Investment Management
Intangible Assets [Roll Forward]
Beginning Balance		1,613		1,613	1,674
Amortization				(18)	(25)
Foreign currency translation				(1)	(5)
Ending Balance	1,594		1,644	1,594	1,644
Other
Intangible Assets [Roll Forward]
Beginning Balance		$ 849		849	849
Amortization				0	0
Foreign currency translation				0	0
Ending Balance	$ 849		$ 849	$ 849	$ 849

Other assets - Non-Readily Mark

Other assets - Non-Readily Marketable Equity Securities (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Other Assets [Abstract]
Equity securities without readily determinable fair value, amount	$ 61			$ 61		$ 55
Equity securities without readily determinable fair value, upward price adjustment, annual amount	2	$ 0	$ 5	2	$ 25
Equity securities without readily determinable fair value, downward price adjustment, annual amount	(1)	0	0	(1)	0
Equity securities without readily determinable fair value, net adjustment, annual amount	1	$ 0	$ 5	1	$ 25
Equity securities without readily determinable fair value, upward price adjustment, cumulative amount amount	30			30
Equity securities without readily determinable fair value, downward price adjustment, cumulative amount	(2)			(2)
Equity securities without readily determinable fair value, net price adjustment, cumulative amount	$ 28			$ 28

Goodwill and intangible asset_4

Goodwill and intangible assets - Intangible Assets by Type (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Intangible Assets by Major Class [Line Items]
Gross carrying amount	$ 5,115	$ 5,117
Accumulated amortization	(1,955)	(1,897)
Net carrying amount	3,160	3,220	$ 3,308	$ 3,411
Finite-lived Intangible Assets
Intangible Assets by Major Class [Line Items]
Gross carrying amount	2,536	2,497
Accumulated amortization	(1,955)	(1,897)
Net carrying amount	$ 581	600
Finite-lived Intangible Assets | Weighted Average
Intangible Assets by Major Class [Line Items]
Remaining weighted- average amortization period	11 years
Finite-lived Intangible Assets | Customer contracts—Investment Services
Intangible Assets by Major Class [Line Items]
Gross carrying amount	$ 1,573	1,572
Accumulated amortization	(1,227)	(1,186)
Net carrying amount	$ 346	386
Finite-lived Intangible Assets | Customer contracts—Investment Services | Weighted Average
Intangible Assets by Major Class [Line Items]
Remaining weighted- average amortization period	10 years
Finite-lived Intangible Assets | Customer relationships
Intangible Assets by Major Class [Line Items]
Gross carrying amount	$ 898	899
Accumulated amortization	(714)	(699)
Net carrying amount	$ 184	200
Finite-lived Intangible Assets | Customer relationships | Weighted Average
Intangible Assets by Major Class [Line Items]
Remaining weighted- average amortization period	11 years
Finite-lived Intangible Assets | Other
Intangible Assets by Major Class [Line Items]
Gross carrying amount	$ 65	26
Accumulated amortization	(14)	(12)
Net carrying amount	$ 51	14
Finite-lived Intangible Assets | Other | Weighted Average
Intangible Assets by Major Class [Line Items]
Remaining weighted- average amortization period	14 years
Indefinite-lived Intangible Assets
Intangible Assets by Major Class [Line Items]
Gross carrying amount	$ 2,579	2,620
Net carrying amount	2,579	2,620
Indefinite-lived Intangible Assets | Tradenames
Intangible Assets by Major Class [Line Items]
Gross carrying amount	1,292	1,332
Net carrying amount	1,292	1,332
Indefinite-lived Intangible Assets | Customer relationships
Intangible Assets by Major Class [Line Items]
Gross carrying amount	1,287	1,288
Net carrying amount	$ 1,287	$ 1,288

Other assets - Qualified Afford

Other assets - Qualified Affordable Housing Project Investments (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Other Assets [Abstract]
Qualified affordable housing project investments	$ 1,068			$ 1,068		$ 999
Qualified affordable housing project investments, commitment	500			500		$ 479
Qualified affordable housing project commitment - 2019	98			98
Qualified affordable housing project commitment - 2020	144			144
Qualified affordable housing project commitment - 2021	152			152
Qualified affordable housing project commitment - 2022	82			82
Qualified affordable housing project commitment - 2023	6			6
Qualified affordable housing project commitment - 2024 and thereafter	18			18
Tax credits and other tax benefits	39	$ 39	$ 42	78	$ 82
Amortization expense included in the provision for income taxes	$ 32	$ 32	$ 35	$ 64	$ 68

Goodwill and intangible asset_5

Goodwill and intangible assets - Estimated Annual Amortization Expense (Details) $ in Millions	Jun. 30, 2019USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2019	$ 117
2020	104
2021	81
2022	63
2023	$ 52

Other assets - Seed Capital and

Other assets - Seed Capital and Private Equity Investments (Details) - Other Assets - NAV - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Fair value	$ 178	$ 215
Unfunded commitments	54	41
Seed capital
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Fair value	60	54
Unfunded commitments	$ 0	$ 0
Redemption frequency	Daily-quarterly	Daily-quarterly
Private equitiy investments (SBICs)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Fair value	$ 81	$ 74
Unfunded commitments	54	41
Other corporate investments
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Fair value	37	87
Unfunded commitments	$ 0	$ 0
Redemption frequency	Daily-quarterly	Daily-quarterly
Minimum | Seed capital
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Redemption notice period	1 day	1 day
Minimum | Other corporate investments
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Redemption notice period	1 day	1 day
Maximum | Seed capital
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Redemption notice period	90 days	90 days
Maximum | Other corporate investments
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Redemption notice period	95 days	95 days

Goodwill and intangible asset_6

Goodwill and intangible assets - Narrative (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019segmentreporting_unit
Goodwill [Line Items]
Number of reportable segments (segment) | segment		3
Number of reporting units (reporting unit)		7
Goodwill impairment | $	$ 0
Investment Services
Goodwill [Line Items]
Number of reporting units (reporting unit)		4
Investment Management
Goodwill [Line Items]
Number of reporting units (reporting unit)		2
Other
Goodwill [Line Items]
Number of reporting units (reporting unit)		1

Contract revenue - Disaggregati

Contract revenue - Disaggregation of Contract Revenues (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total fee and other revenue	$ 3,112	$ 3,032	$ 3,210	$ 6,144	$ 6,480
Income from consolidated investment management funds, net of noncontrolling interests	1,017	946	1,103	1,963	2,274
Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	2,853	2,783	2,894	5,636	5,875
Fee and other revenue - not in scope of ASC 606	265	265	321	530	610
Total fee and other revenue	3,118	3,048	3,215	6,166	6,485
Asset servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	1,109	1,093	1,120	2,202	2,262
Clearing services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	410	398	401	808	825
Issuer services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	291	251	265	542	525
Treasury services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	141	132	141	273	279
Total investment services fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	1,951	1,874	1,927	3,825	3,891
Investment management and performance fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	833	841	898	1,674	1,844
Financing-related fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	17	17	15	34	32
Distribution and servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	31	31	34	62	70
Investment and other income | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	21	20	20	41	38
Investment Services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	2,007	1,930	1,979	3,937	3,993
Fee and other revenue - not in scope of ASC 606	220	224	254	444	490
Total fee and other revenue	2,227	2,154	2,233	4,381	4,483
Investment Services | Asset servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	1,089	1,073	1,098	2,162	2,215
Investment Services | Clearing services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	411	398	401	809	824
Investment Services | Issuer services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	291	251	265	542	525
Investment Services | Treasury services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	140	132	140	272	278
Investment Services | Total investment services fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	1,931	1,854	1,904	3,785	3,842
Investment Services | Investment management and performance fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	4	4	5	8	9
Investment Services | Financing-related fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	16	17	15	33	32
Investment Services | Distribution and servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	(13)	(14)	(14)	(27)	(28)
Investment Services | Investment and other income | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	69	69	69	138	138
Investment Management | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	846	853	913	1,699	1,879
Fee and other revenue - not in scope of ASC 606	4	11	28	15	74
Total fee and other revenue	850	864	941	1,714	1,953
Income from consolidated investment management funds, net of noncontrolling interests	6	16	5	22	5
Investment Management | Asset servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	20	20	21	40	46
Investment Management | Clearing services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	0	0	0
Investment Management | Issuer services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	0	0	0
Investment Management | Treasury services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	1	0	1	1	1
Investment Management | Total investment services fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	21	20	22	41	47
Investment Management | Investment management and performance fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	829	837	893	1,666	1,835
Investment Management | Financing-related fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	0	0	0
Investment Management | Distribution and servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	44	45	48	89	98
Investment Management | Investment and other income | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	(48)	(49)	(50)	(97)	(101)
Other | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	2	0	3
Fee and other revenue - not in scope of ASC 606	41	30	39	71	46
Total fee and other revenue	41	30	41	71	49
Other | Asset servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	1	0	1
Other | Clearing services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	(1)	0	0	(1)	1
Other | Issuer services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	0	0	0
Other | Treasury services | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	0	0	0
Other | Total investment services fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	(1)	0	1	(1)	2
Other | Investment management and performance fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	0	0	0
Other | Financing-related fees | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	1	0	0	1	0
Other | Distribution and servicing | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	0	0	0	0	0
Other | Investment and other income | Operating segments
Disaggregation of Revenue [Line Items]
Total fee revenue - contract revenue	$ 0	$ 0	$ 1	$ 0	$ 1

Contract revenue - Narrative (D

Contract revenue - Narrative (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Capitalized Contract Cost [Line Items]
Contract with customer, asset	$ 2,400,000,000			$ 2,400,000,000		$ 2,500,000,000
Provision for allowances	2,000,000	$ 4,000,000	$ 4,000,000	6,000,000	$ 6,000,000
Contract assets representing accrued revenues not yet billed	74,000,000			74,000,000		36,000,000
Impairment of contract assets	0			0
Contract with customer, liability	198,000,000			198,000,000		171,000,000
Contract with customer, liability, revenue recognized	59,000,000			75,000,000
Capitalized contract cost, impairment	0			0
Incremental costs for obtaining contracts
Capitalized Contract Cost [Line Items]
Capitalized contract costs	$ 99,000,000			$ 99,000,000		98,000,000
Capitalized contract cost, amortization period	9 years			9 years
Capitalized contract cost, amortization	$ 5,000,000	5,000,000	6,000,000	$ 10,000,000	11,000,000
Costs to fulfill contract
Capitalized Contract Cost [Line Items]
Capitalized contract costs	18,000,000			18,000,000		$ 20,000,000
Capitalized contract cost, amortization	$ 2,000,000	$ 1,000,000	$ 2,000,000	$ 3,000,000	$ 3,000,000
Costs to fulfill contract | Minimum
Capitalized Contract Cost [Line Items]
Capitalized contract cost, amortization period	7 years			7 years
Costs to fulfill contract | Maximum
Capitalized Contract Cost [Line Items]
Capitalized contract cost, amortization period	9 years			9 years

Net interest revenue (Details)

Net interest revenue (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest revenue
Deposits with the Federal Reserve and other central banks	$ 113	$ 139	$ 136	$ 252	$ 262
Deposits with banks	64	63	56	127	98
Federal funds sold and securities purchased under resale agreements	568	474	230	1,042	400
Margin loans	119	135	128	254	243
Non-margin loans	365	355	345	720	650
Securities:
Taxable	687	706	615	1,393	1,196
Exempt from federal income taxes	10	12	14	22	29
Total securities	697	718	629	1,415	1,225
Trading securities	39	36	29	75	56
Total interest revenue	1,965	1,920	1,553	3,885	2,934
Interest expense
Deposits	432	391	173	823	290
Federal funds purchased and securities sold under repurchase agreements	372	331	158	703	265
Trading liabilities	11	7	7	18	16
Other borrowed funds	20	24	14	44	23
Commercial paper	18	8	21	26	33
Customer payables	69	70	45	139	76
Long-term debt	241	248	219	489	396
Total interest expense	1,163	1,079	637	2,242	1,099
Net interest revenue	802	841	916	1,643	1,835
Provision for credit losses	(8)	7	(3)	(1)	(8)
Net interest revenue after provision for credit losses	$ 810	$ 834	$ 919	$ 1,644	$ 1,843

Employee benefit plans (Details

Employee benefit plans (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Health care benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0	$ 0
Interest cost	1	2	2	3	4
Expected return on assets	(2)	(2)	(2)	(4)	(4)
Other	0	(1)	0	(1)	(1)
Net periodic benefit (credit) cost	(1)	(1)	0	(2)	(1)
Domestic | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0	0
Interest cost	45	44	42	89	85
Expected return on assets	(84)	(84)	(85)	(168)	(170)
Other	13	13	17	26	34
Net periodic benefit (credit) cost	(26)	(27)	(26)	(53)	(51)
Foreign | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	3	7	6	14
Interest cost	8	8	8	16	16
Expected return on assets	(12)	(11)	(14)	(23)	(29)
Other	1	0	6	1	12
Net periodic benefit (credit) cost	$ 0	$ 0	$ 7	$ 0	$ 13

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 264	$ 237	$ 286	$ 501	$ 568
Effective tax rate	20.50%	19.90%	20.50%
Tax reserves	$ 135	$ 105		135
Impact on effective tax rate if tax reserves were unnecessary	135			135
Accrued interest, related to income taxes in the balance sheet	24			24
Additional tax expense related to interest				6	$ 2
Reasonably possible decrease in uncertain tax positions within the next 12 months, if a re-evaluation is required	$ 56			$ 56

Variable interest entities an_3

Variable interest entities and securitization - Assets and Liabilities of VIEs (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Nonredeemable noncontrolling interests	$ 166	$ 101
VME classification of carrying amount, assets	74	253
VME classification of carrying amount, liabilities	4	2
Noncontrolling interest in VME	1	1
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Trading assets	714	643
Other assets	23	220
Total assets	737	863
Other liabilities	389	373
Total liabilities	389	373
Nonredeemable noncontrolling interests	166	101
Variable Interest Entity, Primary Beneficiary | Investment Management funds
Variable Interest Entity [Line Items]
Trading assets	314	243
Other assets	23	220
Total assets	337	463
Other liabilities	6	2
Total liabilities	6	2
Nonredeemable noncontrolling interests	166	101
Variable Interest Entity, Primary Beneficiary | Securitization
Variable Interest Entity [Line Items]
Trading assets	400	400
Other assets	0	0
Total assets	400	400
Other liabilities	383	371
Total liabilities	383	371
Nonredeemable noncontrolling interests	$ 0	$ 0

Variable interest entities an_4

Variable interest entities and securitization - Non-consolidated VIEs (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Securities available-for-sale
Variable Interest Entity [Line Items]
Assets	$ 214	$ 214
Liabilities	0	0
Maximum loss exposure	214	214
Other
Variable Interest Entity [Line Items]
Assets	2,496	2,450
Liabilities	500	479
Maximum loss exposure	$ 2,996	$ 2,929

Preferred stock - Narrative (De

Preferred stock - Narrative (Details) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
Preferred stock, shares authorized (shares)	100,000,000	100,000,000
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01

Preferred stock - Summary (Deta

Preferred stock - Summary (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Total shares issued and outstanding (shares)	35,826	35,826
Carrying value	$ 3,542	$ 3,542
Series A Noncumulative Perpetual Preferred Stock
Class of Stock [Line Items]
Per annum dividend rate description	Greater of (i) three-month LIBOR plus 0.565% for the related distribution period; or (ii) 4.000%
Per annum dividend rate	4.00%
Total shares issued and outstanding (shares)	5,001	5,001
Carrying value	$ 500	$ 500
Liquidation preference per share (usd per share)	$ 100,000
Series A Noncumulative Perpetual Preferred Stock | LIBOR
Class of Stock [Line Items]
Preferred stock, basis spread on variable rate	0.565%
Series C Noncumulative Perpetual Preferred Stock
Class of Stock [Line Items]
Per annum dividend rate	5.20%
Total shares issued and outstanding (shares)	5,825	5,825
Carrying value	$ 568	$ 568
Liquidation preference per share (usd per share)	$ 100,000
Series D Noncumulative Perpetual Preferred Stock
Class of Stock [Line Items]
Per annum dividend rate description	4.50% to but excluding June 20, 2023, then a floating rate equal to the three-month LIBOR plus 2.46%
Per annum dividend rate	4.50%
Total shares issued and outstanding (shares)	5,000	5,000
Carrying value	$ 494	$ 494
Liquidation preference per share (usd per share)	$ 100,000
Series D Noncumulative Perpetual Preferred Stock | LIBOR
Class of Stock [Line Items]
Preferred stock, basis spread on variable rate	2.46%
Series E Noncumulative Perpetual Preferred Stock
Class of Stock [Line Items]
Per annum dividend rate description	4.95% to and including June 20, 2020, then a floating rate equal to the three-month LIBOR plus 3.42%
Per annum dividend rate	4.95%
Total shares issued and outstanding (shares)	10,000	10,000
Carrying value	$ 990	$ 990
Liquidation preference per share (usd per share)	$ 100,000
Series E Noncumulative Perpetual Preferred Stock | LIBOR
Class of Stock [Line Items]
Preferred stock, basis spread on variable rate	3.42%
Series F Noncumulative Perpetual Preferred Stock
Class of Stock [Line Items]
Per annum dividend rate description	4.625% to and including Sept. 20, 2026, then a floating rate equal to the three-month LIBOR plus 3.131%
Per annum dividend rate	4.625%
Total shares issued and outstanding (shares)	10,000	10,000
Carrying value	$ 990	$ 990
Liquidation preference per share (usd per share)	$ 100,000
Series F Noncumulative Perpetual Preferred Stock | LIBOR
Class of Stock [Line Items]
Preferred stock, basis spread on variable rate	3.131%

Preferred stock - Summary of Pr

Preferred stock - Summary of Preferred Dividends Paid (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Class of Stock [Line Items]
Preferred dividends paid	$ 48	$ 36	$ 48	$ 84	$ 84
Series A Preferred Stock
Class of Stock [Line Items]
Depositary shares per share	1.00%			1.00%
Dividend paid per share (usd per share)	$ 1,022.22	$ 1,000	$ 1,022.22	$ 2,022.22	$ 2,022.22
Preferred dividends paid	$ 5	$ 5	$ 5	$ 10	$ 10
Series C Preferred Stock
Class of Stock [Line Items]
Depositary shares per share	0.025%			0.025%
Dividend paid per share (usd per share)	$ 1,300	$ 1,300	$ 1,300	$ 2,600	$ 2,600
Preferred dividends paid	$ 7	$ 8	$ 7	$ 15	$ 15
Series D Preferred Stock
Class of Stock [Line Items]
Depositary shares per share	1.00%			1.00%
Dividend paid per share (usd per share)	$ 2,250		$ 2,250	$ 2,250	$ 2,250
Preferred dividends paid	$ 11	0	$ 11	$ 11	$ 11
Series E Preferred Stock
Class of Stock [Line Items]
Depositary shares per share	1.00%			1.00%
Dividend paid per share (usd per share)	$ 2,475		$ 2,475	$ 2,475	$ 2,475
Preferred dividends paid	$ 25	$ 0	$ 25	$ 25	$ 25
Series F Preferred Stock
Class of Stock [Line Items]
Depositary shares per share	1.00%			1.00%
Dividend paid per share (usd per share)		$ 2,312.50		$ 2,312.50	$ 2,312.50
Preferred dividends paid	$ 0	$ 23	$ 0	$ 23	$ 23

Other comprehensive income (l_3

Other comprehensive income (loss) - Components (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Pre-tax amount
Total other comprehensive income (loss), Pre-tax amount		$ 420	$ 357	$ (402)	$ 777	$ (475)
Tax (expense) benefit
Total other comprehensive income (loss), Tax (expense) benefit		(118)	(84)	(60)	(202)	34
After-tax amount
Total other comprehensive income (loss) income, net of tax	[1]	302	273	(462)	575	(441)
Foreign currency translation
Pre-tax amount
Other comprehensive income (loss), Pre-tax amount		29	27	(302)	56	(101)
Total other comprehensive income (loss), Pre-tax amount		29	27	(302)	56	(101)
Tax (expense) benefit
Other comprehensive income (loss), Tax (expense) benefit		(19)	2	(98)	(17)	(55)
Total other comprehensive income (loss), Tax (expense) benefit		(19)	2	(98)	(17)	(55)
After-tax amount
Other comprehensive income (loss), After-tax amount		10	29	(400)	39	(156)
Total other comprehensive income (loss) income, net of tax		10	29	(400)	39	(156)
Unrealized gain (loss) on assets available-for-sale
Pre-tax amount
Other comprehensive income (loss), Pre-tax amount		384	322	(103)	706	(445)
Reclassification adjustment, Pre-tax amount		(7)	(1)	(1)	(8)	48
Total other comprehensive income (loss), Pre-tax amount		377	321	(104)	698	(397)
Tax (expense) benefit
Other comprehensive income (loss), Tax (expense) benefit		(97)	(83)	39	(180)	106
Reclassification adjustment, Tax (expense) benefit		2	0	1	2	(11)
Total other comprehensive income (loss), Tax (expense) benefit		(95)	(83)	40	(178)	95
After-tax amount
Other comprehensive income (loss), After-tax amount		287	239	(64)	526	(339)
Reclassification adjustment, After-tax amount		(5)	(1)	0	(6)	37
Total other comprehensive income (loss) income, net of tax		282	238	(64)	520	(302)
Defined benefit plans
Pre-tax amount
Total other comprehensive income (loss), Pre-tax amount		12	2	22	14	44
Tax (expense) benefit
Total other comprehensive income (loss), Tax (expense) benefit		(2)	(1)	(6)	(3)	(11)
After-tax amount
Total other comprehensive income (loss) income, net of tax		10	1	16	11	33
Net (loss) gain arising during the period
Pre-tax amount
Other comprehensive income (loss), Pre-tax amount		0	(11)	0	(11)	0
Tax (expense) benefit
Other comprehensive income (loss), Tax (expense) benefit		0	2	0	2	0
After-tax amount
Other comprehensive income (loss), After-tax amount		0	(9)	0	(9)	0
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost
Pre-tax amount
Reclassification adjustment, Pre-tax amount		12	13	22	25	44
Tax (expense) benefit
Reclassification adjustment, Tax (expense) benefit		(2)	(3)	(6)	(5)	(11)
After-tax amount
Reclassification adjustment, After-tax amount		10	10	16	20	33
Unrealized gain (loss) on cash flow hedges
Pre-tax amount
Other comprehensive income (loss), Pre-tax amount		2	6	(17)	8	(10)
Reclassification adjustment, Pre-tax amount		0	1	(1)	1	(11)
Total other comprehensive income (loss), Pre-tax amount		2	7	(18)	9	(21)
Tax (expense) benefit
Other comprehensive income (loss), Tax (expense) benefit		(2)	(4)	3	(6)	2
Reclassification adjustment, Tax (expense) benefit		0	2	1	2	3
Total other comprehensive income (loss), Tax (expense) benefit		(2)	(2)	4	(4)	5
After-tax amount
Other comprehensive income (loss), After-tax amount		0	2	(14)	2	(8)
Reclassification adjustment, After-tax amount		0	3	0	3	(8)
Total other comprehensive income (loss) income, net of tax		0	5	(14)	5	(16)
Unrealized gain (loss) on cash flow hedges | Other revenue
Pre-tax amount
Reclassification adjustment, Pre-tax amount		0	0	1	0	(3)
Tax (expense) benefit
Reclassification adjustment, Tax (expense) benefit		0	0	0	0	1
After-tax amount
Reclassification adjustment, After-tax amount		0	0	1	0	(2)
Unrealized gain (loss) on cash flow hedges | Staff expense
Pre-tax amount
Reclassification adjustment, Pre-tax amount		0	1	(2)	1	(8)
Tax (expense) benefit
Reclassification adjustment, Tax (expense) benefit		0	2	1	2	2
After-tax amount
Reclassification adjustment, After-tax amount		$ 0	$ 3	$ (1)	$ 3	$ (6)
[1]	Other comprehensive income (loss) attributable to The Bank of New York Mellon Corporation shareholders was $302 million for the quarter ended June 30, 2019 , $271 million for the quarter ended March 31, 2019 , $(452) million for the quarter ended June 30, 2018 , $573 million for the six months ended June 30, 2019 and $(436) million for the six months ended June 30, 2018 .

Fair value measurement - Assets

Fair value measurement - Assets and Liabilities on Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	$ 85,593	$ 85,809
Trading assets:
Total derivative assets	2,985	2,815
Effect of master netting agreements	(5,568)	(5,939)
Trading liabilities:
Derivative liabilities	2,622	2,368
Effect of master netting agreements	(5,297)	(6,170)
Long-term debt	383	371
Investment management funds
Trading assets:
Trading assets	314	243
Other assets	23	220
Total assets	337	463
Trading liabilities:
Total liabilities	6	2
Interest rate contracts
Trading assets:
Effect of master netting agreements	(2,347)	(2,202)
Trading liabilities:
Effect of master netting agreements	(2,637)	(2,508)
Foreign exchange contracts
Trading assets:
Effect of master netting agreements	(3,213)	(3,724)
Trading liabilities:
Effect of master netting agreements	(2,660)	(3,626)
Equity contracts
Trading assets:
Effect of master netting agreements	(8)	(13)
Trading liabilities:
Effect of master netting agreements	0	(36)
Agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	26,204	25,308
U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	14,197	20,076
Sovereign debt/sovereign guaranteed
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	12,342	10,750
Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	9,678	9,691
Supranational
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,914	2,984
CLOs
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,649	3,364
Foreign covered bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,398	2,878
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,650	1,657
Other ABS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,470	1,773
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,280	2,247
Non-agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,221	1,325
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	905	1,054
Other debt securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,680	1,238
Operating segments
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	85,593	85,809
Trading assets:
Trading assets	8,629	7,035
Other assets	591	742
Trading liabilities:
Long-term debt	383	371
Operating segments | Investment management funds
Trading assets:
Total assets	337	463
Trading liabilities:
Total liabilities	6	2
Assets measured at fair value on a recurring basis
Trading assets:
Effect of master netting agreements	(5,568)	(5,939)
Total assets	95,150	94,049
Trading liabilities:
Effect of master netting agreements	(5,297)	(6,170)
Total liabilities	4,492	3,940
Assets measured at fair value on a recurring basis | Level 1
Trading assets:
Total assets	$ 25,968	$ 28,898
Percentage of total assets prior to netting	26.00%	29.00%
Trading liabilities:
Total liabilities	$ 1,298	$ 1,096
Percentage of total liabilities prior to netting	13.00%	11.00%
Assets measured at fair value on a recurring basis | Level 2
Trading assets:
Total assets	$ 74,572	$ 70,875
Percentage of total assets prior to netting	74.00%	71.00%
Trading liabilities:
Total liabilities	$ 8,491	$ 9,014
Percentage of total liabilities prior to netting	87.00%	89.00%
Assets measured at fair value on a recurring basis | Level 2 | Grantor Trust
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	$ 753	$ 832
Assets measured at fair value on a recurring basis | Level 3
Trading assets:
Total assets	$ 0	$ 0
Percentage of total assets prior to netting	0.00%	0.00%
Trading liabilities:
Total liabilities	$ 0	$ 0
Percentage of total liabilities prior to netting	0.00%	0.00%
Assets measured at fair value on a recurring basis | Operating segments
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	$ 85,593	$ 85,809
Trading assets:
Debt instruments	3,789	3,395
Equity instruments	2,011	1,114
Effect of master netting agreements	(5,568)	(5,939)
Trading assets	8,629	7,035
Other assets	257	238
Total assets	94,813	93,586
Trading liabilities:
Total trading liabilities	3,768	3,479
Effect of master netting agreements	(5,297)	(6,170)
Long-term debt	383	371
Total other liabilities – derivative liabilities designated as hedging	335
Total liabilities	4,486	3,938
Assets measured at fair value on a recurring basis | Operating segments | Investment management funds
Trading assets:
Total assets	337	463
Trading liabilities:
Effect of master netting agreements	0
Total liabilities	6	2
Assets measured at fair value on a recurring basis | Operating segments | Interest rate contracts
Trading assets:
Effect of master netting agreements	(2,347)	(2,202)
Trading liabilities:
Effect of master netting agreements	(2,637)	(2,508)
Assets measured at fair value on a recurring basis | Operating segments | Foreign exchange contracts
Trading assets:
Effect of master netting agreements	(3,213)	(3,724)
Trading liabilities:
Effect of master netting agreements	(2,660)	(3,626)
Assets measured at fair value on a recurring basis | Operating segments | Equity contracts
Trading assets:
Effect of master netting agreements	(8)	(13)
Trading liabilities:
Effect of master netting agreements	0	(36)
Assets measured at fair value on a recurring basis | Operating segments | Agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	26,204	25,308
Assets measured at fair value on a recurring basis | Operating segments | U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	14,197	20,076
Assets measured at fair value on a recurring basis | Operating segments | Sovereign debt/sovereign guaranteed
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	12,342	10,750
Assets measured at fair value on a recurring basis | Operating segments | Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	9,678	9,691
Assets measured at fair value on a recurring basis | Operating segments | Supranational
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,914	2,984
Assets measured at fair value on a recurring basis | Operating segments | CLOs
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,649	3,364
Assets measured at fair value on a recurring basis | Operating segments | Foreign covered bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,398	2,878
Assets measured at fair value on a recurring basis | Operating segments | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,650	1,657
Assets measured at fair value on a recurring basis | Operating segments | Other ABS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,470	1,773
Assets measured at fair value on a recurring basis | Operating segments | Non-agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,005	1,464
Assets measured at fair value on a recurring basis | Operating segments | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,280	2,247
Assets measured at fair value on a recurring basis | Operating segments | Non-agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,221	1,325
Assets measured at fair value on a recurring basis | Operating segments | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	905	1,054
Assets measured at fair value on a recurring basis | Operating segments | Other debt securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,680	1,238
Assets measured at fair value on a recurring basis | Operating segments | Not designated as hedging
Trading assets:
Total derivative assets	2,829	2,526
Trading liabilities:
Derivative liabilities	2,287	2,280
Effect of master netting agreements	(5,297)
Assets measured at fair value on a recurring basis | Operating segments | Not designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets	1,921	1,388
Trading liabilities:
Derivative liabilities	988	608
Assets measured at fair value on a recurring basis | Operating segments | Not designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	870	1,083
Trading liabilities:
Derivative liabilities	1,292	1,589
Assets measured at fair value on a recurring basis | Operating segments | Not designated as hedging | Equity contracts
Trading assets:
Total derivative assets	38	55
Trading liabilities:
Derivative liabilities	7	83
Assets measured at fair value on a recurring basis | Operating segments | Designated as hedging
Trading assets:
Total derivative assets	156	289
Trading liabilities:
Total other liabilities – derivative liabilities designated as hedging		88
Assets measured at fair value on a recurring basis | Operating segments | Designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets		23
Trading liabilities:
Derivative liabilities	311	74
Assets measured at fair value on a recurring basis | Operating segments | Designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	156	266
Trading liabilities:
Derivative liabilities	24	14
Assets measured at fair value on a recurring basis | Operating segments | Debt instruments
Trading liabilities:
Total trading liabilities	1,385	1,124
Assets measured at fair value on a recurring basis | Operating segments | Equity instruments
Trading liabilities:
Total trading liabilities	96	75
Assets measured at fair value on a recurring basis | Operating segments | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	22,015	26,689
Trading assets:
Debt instruments	1,529	801
Equity instruments	2,011	1,114
Trading assets	3,554	1,931
Other assets	94	68
Total assets	$ 25,663	$ 28,688
Percentage of total assets prior to netting	26.00%	29.00%
Trading liabilities:
Total trading liabilities	$ 1,297	$ 1,094
Long-term debt	0	0
Total other liabilities – derivative liabilities designated as hedging	0
Total liabilities	$ 1,297	$ 1,094
Percentage of total liabilities prior to netting	13.00%	11.00%
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Investment management funds
Trading assets:
Total assets	$ 305	$ 210
Trading liabilities:
Total liabilities	1	2
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	14,197	20,076
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Sovereign debt/sovereign guaranteed
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	7,818	6,613
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Supranational
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | CLOs
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Foreign covered bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Other ABS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Non-agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Non-agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Other debt securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Not designated as hedging
Trading assets:
Total derivative assets	14	16
Trading liabilities:
Derivative liabilities	28	13
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Not designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets	14	7
Trading liabilities:
Derivative liabilities	25	12
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Not designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Not designated as hedging | Equity contracts
Trading assets:
Total derivative assets	0	9
Trading liabilities:
Derivative liabilities	3	1
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Designated as hedging
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Total other liabilities – derivative liabilities designated as hedging		0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets		0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Debt instruments
Trading liabilities:
Total trading liabilities	1,173	1,006
Assets measured at fair value on a recurring basis | Operating segments | Level 1 | Equity instruments
Trading liabilities:
Total trading liabilities	96	75
Assets measured at fair value on a recurring basis | Operating segments | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	63,578	59,120
Trading assets:
Debt instruments	2,260	2,594
Equity instruments	0	0
Trading assets	10,643	11,043
Other assets	163	170
Total assets	$ 74,540	$ 70,622
Percentage of total assets prior to netting	74.00%	71.00%
Trading liabilities:
Total trading liabilities	$ 7,768	$ 8,555
Long-term debt	383	371
Total other liabilities – derivative liabilities designated as hedging	335
Total liabilities	$ 8,486	$ 9,014
Percentage of total liabilities prior to netting	87.00%	89.00%
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Investment management funds
Trading assets:
Total assets	$ 32	$ 253
Trading liabilities:
Total liabilities	5	0
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	26,204	25,308
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Sovereign debt/sovereign guaranteed
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	4,524	4,137
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	9,678	9,691
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Supranational
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,914	2,984
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | CLOs
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,649	3,364
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Foreign covered bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	3,398	2,878
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,650	1,657
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Other ABS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,470	1,773
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Non-agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	2,005	1,464
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,280	2,247
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Non-agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,221	1,325
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	905	1,054
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Other debt securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	1,680	1,238
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Not designated as hedging
Trading assets:
Total derivative assets	8,383	8,449
Trading liabilities:
Derivative liabilities	7,556	8,437
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Not designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets	4,254	3,583
Trading liabilities:
Derivative liabilities	3,600	3,104
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Not designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	4,083	4,807
Trading liabilities:
Derivative liabilities	3,952	5,215
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Not designated as hedging | Equity contracts
Trading assets:
Total derivative assets	46	59
Trading liabilities:
Derivative liabilities	4	118
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Designated as hedging
Trading assets:
Total derivative assets	156	289
Trading liabilities:
Total other liabilities – derivative liabilities designated as hedging		88
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets		23
Trading liabilities:
Derivative liabilities	311	74
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	156	266
Trading liabilities:
Derivative liabilities	24	14
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Debt instruments
Trading liabilities:
Total trading liabilities	212	118
Assets measured at fair value on a recurring basis | Operating segments | Level 2 | Equity instruments
Trading liabilities:
Total trading liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Trading assets:
Debt instruments	0	0
Equity instruments	0	0
Trading assets	0	0
Other assets	0	0
Total assets	$ 0	$ 0
Percentage of total assets prior to netting	0.00%	0.00%
Trading liabilities:
Total trading liabilities	$ 0	$ 0
Long-term debt	0	0
Total other liabilities – derivative liabilities designated as hedging	0
Total liabilities	$ 0	$ 0
Percentage of total liabilities prior to netting	0.00%	0.00%
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Investment management funds
Trading assets:
Total assets	$ 0	$ 0
Trading liabilities:
Total liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | U.S. Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Sovereign debt/sovereign guaranteed
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Supranational
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | CLOs
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Foreign covered bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Other ABS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Non-agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Non-agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Other debt securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Not designated as hedging
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Not designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Not designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Not designated as hedging | Equity contracts
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Designated as hedging
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Total other liabilities – derivative liabilities designated as hedging		0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Designated as hedging | Interest rate contracts
Trading assets:
Total derivative assets		0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Designated as hedging | Foreign exchange contracts
Trading assets:
Total derivative assets	0	0
Trading liabilities:
Derivative liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Debt instruments
Trading liabilities:
Total trading liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | Level 3 | Equity instruments
Trading liabilities:
Total trading liabilities	0	0
Assets measured at fair value on a recurring basis | Operating segments | NAV
Trading assets:
Assets measured at NAV	$ 178	$ 215

Fair value measurement - Certai

Fair value measurement - Certain Items on Recurring Basis (Details) - Assets measured at fair value on a recurring basis - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Non-agency RMBS | Origination in 2004 and Earlier, 2005, 2006 and 2007 through 2019
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 753	$ 832
Non-agency RMBS
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 1,221	$ 1,325
Non-agency RMBS | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	11.00%	9.00%
Non-agency RMBS | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	10.00%	11.00%
Non-agency RMBS | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	5.00%	5.00%
Non-agency RMBS | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	74.00%	75.00%
Non-agency RMBS | 2007-2019
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 311	$ 315
Non-agency RMBS | 2007-2019 | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	23.00%	15.00%
Non-agency RMBS | 2007-2019 | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	2.00%	2.00%
Non-agency RMBS | 2007-2019 | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	3.00%	3.00%
Non-agency RMBS | 2007-2019 | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	72.00%	80.00%
Non-agency RMBS | 2006
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 330	$ 363
Non-agency RMBS | 2006 | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Non-agency RMBS | 2006 | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	19.00%	19.00%
Non-agency RMBS | 2006 | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	1.00%	0.00%
Non-agency RMBS | 2006 | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	80.00%	81.00%
Non-agency RMBS | 2005
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 356	$ 396
Non-agency RMBS | 2005 | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	8.00%	9.00%
Non-agency RMBS | 2005 | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	1.00%	1.00%
Non-agency RMBS | 2005 | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	8.00%	7.00%
Non-agency RMBS | 2005 | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	83.00%	83.00%
Non-agency RMBS | 2004 and earlier
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 224	$ 251
Non-agency RMBS | 2004 and earlier | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	16.00%	16.00%
Non-agency RMBS | 2004 and earlier | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	23.00%	24.00%
Non-agency RMBS | 2004 and earlier | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	11.00%	11.00%
Non-agency RMBS | 2004 and earlier | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	50.00%	49.00%
Non-agency commercial MBS | Non-agency commercial MBS originated in 2009-2019 | Domestic
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 2,005	$ 1,464
Non-agency commercial MBS | Non-agency commercial MBS originated in 2009-2019 | AAA/ AA- | Domestic
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	98.00%	96.00%
Non-agency commercial MBS | Non-agency commercial MBS originated in 2009-2019 | A/ A- | Domestic
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	2.00%	4.00%
Non-agency commercial MBS | Non-agency commercial MBS originated in 2009-2019 | BBB/ BBB- | Domestic
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Non-agency commercial MBS | Non-agency commercial MBS originated in 2009-2019 | BB and lower | Domestic
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 3,398	$ 2,878
Foreign covered bonds | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Foreign covered bonds | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Canada
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 1,639	$ 1,524
Foreign covered bonds | Canada | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Foreign covered bonds | Canada | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Canada | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Canada | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | United Kingdom
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 798	$ 529
Foreign covered bonds | United Kingdom | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Foreign covered bonds | United Kingdom | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | United Kingdom | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | United Kingdom | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Australia
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 414	$ 333
Foreign covered bonds | Australia | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Foreign covered bonds | Australia | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Australia | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Australia | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Sweden
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 274	$ 187
Foreign covered bonds | Sweden | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Foreign covered bonds | Sweden | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Sweden | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Sweden | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 273	$ 305
Foreign covered bonds | Other | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Foreign covered bonds | Other | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Other | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Foreign covered bonds | Other | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 12,342	$ 10,750
Sovereign Debt | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	75.00%	72.00%
Sovereign Debt | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	3.00%	6.00%
Sovereign Debt | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	21.00%	21.00%
Sovereign Debt | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	1.00%	1.00%
Sovereign Debt | Canada
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 485	$ 378
Sovereign Debt | Canada | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | Canada | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Canada | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Canada | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | United Kingdom
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 3,133	$ 2,153
Sovereign Debt | United Kingdom | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | United Kingdom | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | United Kingdom | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | United Kingdom | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 365	$ 426
Sovereign Debt | Other | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	68.00%	75.00%
Sovereign Debt | Other | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	1.00%	0.00%
Sovereign Debt | Other | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Other | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	31.00%	25.00%
Sovereign Debt | Germany
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 2,198	$ 1,826
Sovereign Debt | Germany | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | Germany | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Germany | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Germany | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | France
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 1,424	$ 1,548
Sovereign Debt | France | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | France | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | France | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | France | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Spain
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 1,309	$ 1,365
Sovereign Debt | Spain | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Spain | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	2.00%	0.00%
Sovereign Debt | Spain | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	98.00%	100.00%
Sovereign Debt | Spain | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Italy
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 1,302	$ 939
Sovereign Debt | Italy | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Italy | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Italy | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | Italy | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Netherlands
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 811	$ 875
Sovereign Debt | Netherlands | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | Netherlands | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Netherlands | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Netherlands | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Hong Kong
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 504	$ 450
Sovereign Debt | Hong Kong | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | Hong Kong | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Hong Kong | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Hong Kong | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Singapore
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 443	$ 165
Sovereign Debt | Singapore | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | Singapore | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Singapore | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Singapore | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Ireland
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 368	$ 625
Sovereign Debt | Ireland | AAA/ AA-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Ireland | A/ A-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	100.00%	100.00%
Sovereign Debt | Ireland | BBB/ BBB-
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign Debt | Ireland | BB and lower
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Ratings	0.00%	0.00%
Sovereign debt/sovereign guaranteed | Brazil
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total carrying value	$ 113	$ 107

Fair value measurement - Asse_2

Fair value measurement - Assets on Nonrecurring Basis (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Decrease in fair value of loans of underlying collateral	$ 1	$ 1
Measured at fair value on a nonrecurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	62	68
Other assets	63	57
Total assets	125	125
Measured at fair value on a nonrecurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	0	0
Other assets	0	0
Total assets	0	0
Measured at fair value on a nonrecurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	58	64
Other assets	63	57
Total assets	121	121
Measured at fair value on a nonrecurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	4	4
Other assets	0	0
Total assets	$ 4	$ 4

Fair value measurement - Financ

Fair value measurement - Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets:
Securities held-to-maturity	$ 34,695	$ 33,302
Liabilities:
Long-term debt	383	371
Estimated fair value
Assets:
Interest-bearing deposits with the Federal Reserve and other central banks	69,700	67,988
Interest-bearing deposits with banks	15,515	14,168
Federal funds sold and securities purchased under resale agreements	61,201	46,795
Securities held-to-maturity	34,695	33,302
Loans	51,425	55,142
Other financial assets	6,872	7,247
Total assets	239,408	224,642
Liabilities:
Noninterest-bearing deposits	58,255	70,783
Interest-bearing deposits	193,698	165,914
Federal funds purchased and securities sold under repurchase agreements	11,757	14,243
Payables to customers and broker-dealers	18,946	19,731
Commercial paper	8,894	1,939
Borrowings	2,283	3,584
Long-term debt	28,365	28,347
Total liabilities	322,198	304,541
Estimated fair value | Level 1
Assets:
Interest-bearing deposits with the Federal Reserve and other central banks	0	0
Interest-bearing deposits with banks	0	0
Federal funds sold and securities purchased under resale agreements	0	0
Securities held-to-maturity	5,344	5,512
Loans	0	0
Other financial assets	5,556	5,864
Total assets	10,900	11,376
Liabilities:
Noninterest-bearing deposits	0	0
Interest-bearing deposits	0	0
Federal funds purchased and securities sold under repurchase agreements	0	0
Payables to customers and broker-dealers	0	0
Commercial paper	0	0
Borrowings	0	0
Long-term debt	0	0
Total liabilities	0	0
Estimated fair value | Level 2
Assets:
Interest-bearing deposits with the Federal Reserve and other central banks	69,700	67,988
Interest-bearing deposits with banks	15,515	14,168
Federal funds sold and securities purchased under resale agreements	61,201	46,795
Securities held-to-maturity	29,351	27,790
Loans	51,425	55,142
Other financial assets	1,316	1,383
Total assets	228,508	213,266
Liabilities:
Noninterest-bearing deposits	58,255	70,783
Interest-bearing deposits	193,698	165,914
Federal funds purchased and securities sold under repurchase agreements	11,757	14,243
Payables to customers and broker-dealers	18,946	19,731
Commercial paper	8,894	1,939
Borrowings	2,283	3,584
Long-term debt	28,365	28,347
Total liabilities	322,198	304,541
Estimated fair value | Level 3
Assets:
Interest-bearing deposits with the Federal Reserve and other central banks	0	0
Interest-bearing deposits with banks	0	0
Federal funds sold and securities purchased under resale agreements	0	0
Securities held-to-maturity	0	0
Loans	0	0
Other financial assets	0	0
Total assets	0	0
Liabilities:
Noninterest-bearing deposits	0	0
Interest-bearing deposits	0	0
Federal funds purchased and securities sold under repurchase agreements	0	0
Payables to customers and broker-dealers	0	0
Commercial paper	0	0
Borrowings	0	0
Long-term debt	0	0
Total liabilities	0	0
Carrying amount
Assets:
Interest-bearing deposits with the Federal Reserve and other central banks	69,700	67,988
Interest-bearing deposits with banks	15,491	14,148
Federal funds sold and securities purchased under resale agreements	61,201	46,795
Securities held-to-maturity	34,549	33,982
Loans	51,025	55,161
Other financial assets	6,872	7,247
Total assets	238,838	225,321
Liabilities:
Noninterest-bearing deposits	58,255	70,783
Interest-bearing deposits	194,622	167,995
Federal funds purchased and securities sold under repurchase agreements	11,757	14,243
Payables to customers and broker-dealers	18,946	19,731
Commercial paper	8,894	1,939
Borrowings	2,283	3,584
Long-term debt	27,820	28,792
Total liabilities	$ 322,577	$ 307,067

Fair value measurement - Deriva

Fair value measurement - Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Securities available-for-sale
Derivative [Line Items]
Carrying amount	$ 18,347	$ 19,349
Notional amount of hedge	18,283	19,437
Unrealized Gain	0	24
Unrealized (Loss)	(311)	(74)
Long-term debt
Derivative [Line Items]
Carrying amount	15,344	16,147
Notional amount of hedge	15,050	16,600
Unrealized Gain	0	0
Unrealized (Loss)	0	0
Foreign exchange contracts | Fair value hedging | Securities available-for-sale
Derivative [Line Items]
Notional amount of hedge	145	147
Unrealized Gain		1
Unrealized (Loss)	(1)
Not designated as hedging | Foreign exchange contracts
Derivative [Line Items]
Notional amount of hedge	850,236	831,730
Securities available-for-sale | Not designated as hedging | Foreign exchange contracts | Fair value hedging | Securities available-for-sale
Derivative [Line Items]
Carrying amount	$ 145	$ 148

Fair value option - Assets and

Fair value option - Assets and Liabilities (Details) - Investment Management funds - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets of consolidated investment management funds:
Trading assets	$ 314	$ 243
Other assets, fair value	23	220
Total assets	337	463
Liabilities of consolidated investment management funds:
Other liabilities	6	2
Total liabilities	$ 6	$ 2

Fair value option - Narrative (

Fair value option - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair value option of long-term debt	$ 240
Long-term debt, fair value	$ 383	$ 371

Fair value option - Changes in

Fair value option - Changes in Fair Value of Loans and Long-term Debt (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Long-term debt | Foreign exchange and other trading revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) change in fair value	$ (7)	$ (5)	$ 0	$ (12)	$ 4

Derivative instruments - Narrat

Derivative instruments - Narrative (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Counterparty default losses recorded	$ 0
Hedging derivatives, maturities, maximum				1 year
Non-derivative financial instruments designated as hedges of net investments in foreign subsidiaries were all long-term liabilities of BNY Mellon in various currencies				$ 174,000,000
Gain or (loss) recognized in income on derivatives	(4,000,000)	$ (6,000,000)	$ 2,000,000	$ (10,000,000)	$ 25,000,000
Value-at-risk methodology assumed holding period for instruments				1 day
Value-at-risk methodology confidence level percentage				99.00%
Additional collateral The Bank of New York Mellon would have to post for existing collateral arrangements, if The Bank of New York Mellon had fallen below investment grade	66,000,000			$ 66,000,000		$ 100,000,000
Foreign exchange contracts | Net investment hedging
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged financial instruments, notional amount of derivative	7,300,000,000			7,300,000,000
Foreign exchange contracts | Forecasted Foreign Currency
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Gain (loss) to be reclassified in next 12 months from AOCI to earnings				$ 8,000,000
Foreign exchange contracts | Forecasted Foreign Currency | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Original maturities, maximum, of hedged instruments				12 months
Hedged financial instruments, notional amount of derivative	272,000,000			$ 272,000,000
Pre-tax gain (loss) recognized in OCI related to cash flow hedges				8,000,000
Securities available-for-sale
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged financial instruments, notional amount of derivative	18,283,000,000			$ 18,283,000,000		19,437,000,000
Securities available-for-sale | Interest rate swap
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Original maturities, maximum, of hedged instruments				30 years
Hedged financial instruments	18,100,000,000			$ 18,100,000,000
Hedged financial instruments, notional amount of derivative	18,100,000,000			18,100,000,000
Securities available-for-sale | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged financial instruments	145,000,000			145,000,000
Securities available-for-sale | Foreign exchange contracts | Fair value hedging
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged financial instruments, notional amount of derivative	145,000,000			145,000,000		147,000,000
Long-term debt
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged financial instruments	14,100,000,000			14,100,000,000
Hedged financial instruments, notional amount of derivative	15,050,000,000			15,050,000,000		16,600,000,000
Long-term debt | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged financial instruments	1,000,000,000			$ 1,000,000,000
Long-term debt | Interest rate swap
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Original maturities, maximum, of hedged instruments				30 years
Hedged financial instruments, notional amount of derivative	14,100,000,000			$ 14,100,000,000
Original maturities, minimum, of hedged instruments				5 years
Gain (loss) to be reclassified in next 12 months from AOCI to earnings				$ (2,000,000)
Long-term debt | Interest rate swap | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged financial instruments, notional amount of derivative	1,000,000,000			1,000,000,000
Pre-tax gain (loss) recognized in OCI related to cash flow hedges				(2,000,000)
Staff expense | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	0	(1,000,000)	2,000,000	(1,000,000)	8,000,000
Not Designated as Hedging Instrument, Economic Hedge | Staff expense | Equity Swap
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Gain or (loss) recognized in income on derivatives	5,000,000	18,000,000	$ 2,000,000	23,000,000	$ (1,000,000)
Securities available-for-sale | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Gain from components excluded from assessment of fair value hedge effectiveness, net		$ 1,000,000		1,000,000
Securities available-for-sale | Fair value hedging
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	(692,000,000)			(692,000,000)		125,000,000
Securities available-for-sale | Terminated hedges | Fair value hedging
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	$ (38,000,000)			$ (38,000,000)		$ 0

Derivative instruments - Gains

Derivative instruments - Gains (Losses) Related to Hedging Derivative Portfolio Recognized in the Income Statement (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains recognized in the consolidated income statement due to fair value and cash flow hedging relationships	$ (4)	$ (6)	$ 2	$ (10)	$ 25
Interest rate contracts | Long-term debt | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (loss) recognized on derivatives	300	185	(131)	485	(509)
Gain or (loss) recognized on hedged item	(298)	(184)	129	(482)	506
Interest rate contracts | Securities available-for-sale | Interest revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (loss) recognized on derivatives	(486)	(383)	136	(869)	533
Gain or (loss) recognized on hedged item	480	376	(133)	856	(516)
FX contracts | Other revenue
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	0	0	(1)	0	3
FX contracts | Staff expense
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	0	(1)	2	(1)	8
FX contracts | Securities available-for-sale
Derivative Instruments, Gain (Loss) [Line Items]
Gain from components excluded from assessment of fair value hedge effectiveness, net		1		1
FX contracts | Securities available-for-sale | Other revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (loss) recognized on derivatives	(5)	6	0	1	0
Gain or (loss) recognized on hedged item	5	(5)	$ 0	0	$ 0
Long-term debt | Other revenue
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	$ (1)	$ (1)		$ (1)

Derivative instruments - Impact

Derivative instruments - Impact of Hedging Derivatives Used in Net Investment Hedging Relationships (Details) - FX contracts - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (loss) recognized in accumulated OCI on derivatives	$ 76	$ (6)	$ 429	$ 70	$ 271
Net interest revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (loss) reclassified from accumulated OCI into income	$ 0	$ 0	$ 0	$ 0	$ 0

Derivative instruments - Hedged

Derivative instruments - Hedged Items in Fair Value Hedging Relationships (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair value hedging | Long-term debt
Derivative [Line Items]
Carrying amount of hedged asset or liability, Long-term debt	$ 14,344	$ 16,147
Hedge accounting basis adjustment increase (decrease), Long-term debt	72	(453)
Fair value hedging | Long-term debt | Terminated hedges
Derivative [Line Items]
Hedge accounting basis adjustment increase (decrease), Long-term debt	242	284
Fair value hedging | Securities available-for-sale
Derivative [Line Items]
Carrying amount of hedged asset or liability, Available-for-sale securities	18,202	19,201
Hedge accounting basis adjustment increase (decrease), Available -for-sale securities	692	(125)
Fair value hedging | Securities available-for-sale | Terminated hedges
Derivative [Line Items]
Hedge accounting basis adjustment increase (decrease), Available -for-sale securities	38	0
Securities available-for-sale
Derivative [Line Items]
Hedged financial instruments, carrying amount	18,347	19,349
Securities available-for-sale | Not designated as hedging | Fair value hedging | Securities available-for-sale | Foreign exchange contracts
Derivative [Line Items]
Hedged financial instruments, carrying amount	$ 145	$ 148

Derivative instruments - Impa_2

Derivative instruments - Impact of Derivative Instruments on the Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Asset derivatives fair value
Total derivatives fair value	$ 8,553	$ 8,754
Effect of master netting agreements	(5,568)	(5,939)
Fair value after effect of master netting agreements	2,985	2,815
Liability derivatives fair value
Total derivatives fair value	7,919	8,538
Effect of master netting agreements	(5,297)	(6,170)
Fair value after effect of master netting agreements	2,622	2,368
Derivative asset, collateral, obligation to return cash, offset	836	809
Derivative liability, collateral, right to reclaim cash, offset	565	1,040
Interest rate contracts
Asset derivatives fair value
Effect of master netting agreements	(2,347)	(2,202)
Liability derivatives fair value
Effect of master netting agreements	(2,637)	(2,508)
Foreign exchange contracts
Asset derivatives fair value
Effect of master netting agreements	(3,213)	(3,724)
Liability derivatives fair value
Effect of master netting agreements	(2,660)	(3,626)
Equity contracts
Asset derivatives fair value
Effect of master netting agreements	(8)	(13)
Liability derivatives fair value
Effect of master netting agreements	0	(36)
Designated as hedging
Asset derivatives fair value
Total derivatives fair value	156	289
Liability derivatives fair value
Total derivatives fair value	335	88
Designated as hedging | Interest rate contracts
Notional value
Notional value	33,188	35,890
Asset derivatives fair value
Total derivatives fair value	0	23
Liability derivatives fair value
Total derivatives fair value	311	74
Designated as hedging | Foreign exchange contracts
Notional value
Notional value	7,693	6,330
Asset derivatives fair value
Total derivatives fair value	156	266
Liability derivatives fair value
Total derivatives fair value	24	14
Not designated as hedging
Asset derivatives fair value
Total derivatives fair value	8,397	8,465
Liability derivatives fair value
Total derivatives fair value	7,584	8,450
Not designated as hedging | Interest rate contracts
Notional value
Notional value	302,029	248,534
Asset derivatives fair value
Total derivatives fair value	4,268	3,590
Liability derivatives fair value
Total derivatives fair value	3,625	3,116
Not designated as hedging | Foreign exchange contracts
Notional value
Notional value	850,236	831,730
Asset derivatives fair value
Total derivatives fair value	4,083	4,807
Liability derivatives fair value
Total derivatives fair value	3,952	5,215
Not designated as hedging | Equity contracts
Notional value
Notional value	1,573	927
Asset derivatives fair value
Total derivatives fair value	46	68
Liability derivatives fair value
Total derivatives fair value	4	118
Not designated as hedging | Credit contracts
Notional value
Notional value	165	150
Asset derivatives fair value
Total derivatives fair value	0	0
Liability derivatives fair value
Total derivatives fair value	$ 3	$ 1

Derivative instruments - Revenu

Derivative instruments - Revenue from Foreign Exchange and Other Trading (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign exchange	$ 150	$ 160	$ 171	$ 310	$ 354
Other trading revenue	16	10	16	26	42
Total foreign exchange and other trading revenue	$ 166	$ 170	$ 187	$ 336	$ 396

Derivative instruments - Contra

Derivative instruments - Contracts Falling under Early Termination Provisions (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Credit Derivatives [Line Items]
Aggregate fair value of OTC derivatives in net liability positions	$ 3,296	$ 2,877
Collateral posted	3,443	2,801
A3 | A-
Credit Derivatives [Line Items]
Aggregate fair value of OTC derivatives in net liability positions	8	15
Baa2 | BBB
Credit Derivatives [Line Items]
Aggregate fair value of OTC derivatives in net liability positions	358	116
Ba1 | BB plus
Credit Derivatives [Line Items]
Aggregate fair value of OTC derivatives in net liability positions	$ 1,493	$ 1,041

Derivative instruments - Offset

Derivative instruments - Offsetting (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Derivative Asset
Derivatives subject to netting arrangements, Gross assets recognized	$ 6,725	$ 7,101
Total derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	5,568	5,939
Derivatives subject to netting arrangements, Net assets recognized in the balance sheet	1,157	1,162
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	191	203
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral received	0	0
Derivative assets subject to netting arrangements, Net amount	966	959
Total derivatives not subject to netting arrangements	1,828	1,653
Total derivatives, Gross assets recognized	8,553	8,754
Fair value after effect of master netting agreements	2,985	2,815
Total derivatives, Net amount	2,794	2,612
Reverse repurchase agreements, Gross assets recognized	127,691	112,245
Reverse repurchase agreements, Gross amounts offset in the balance sheet	78,433	76,040
Reverse repurchase agreements, Net assets recognized on the balance sheet	49,258	36,205
Reverse repurchase agreements, Gross amounts not offset in the balance sheet, Financial instruments	49,245	36,205
Reverse repurchase agreements, Gross amounts not offset in the balance sheet, Cash collateral received	0	0
Reverse repurchase agreements, Net amount	13	0
Securities borrowing, Gross assets recognized	11,943	10,588
Securities borrowing, Net assets recognized on the balance sheet	11,943	10,588
Securities borrowing, Gross amounts not offset in the balance sheet, Financial instruments	11,618	10,286
Securities borrowing, Net amount	325	302
Total, Gross assets recognized	148,187	131,587
Total, Gross amounts offset in the balance sheet	84,001	81,979
Total, Net assets recognized on the balance sheet	64,186	49,608
Total, Gross amounts not offset in the balance sheet, Financial instruments	61,054	46,694
Total, Gross amounts not offset in the balance sheet, Cash collateral received	0	0
Total, Net amount	3,132	2,914
Derivative Liability
Derivatives subject to netting arrangements, Gross liabilities recognized	7,364	7,966
Derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	5,297	6,170
Derivatives subject to netting arrangements, Net liabilities recognized in the balance sheet	2,067	1,796
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	1,326	771
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral pledged	0	0
Derivative liabilities subject to netting arrangements, Net amount	741	1,025
Total derivatives not subject to netting arrangements	555	572
Total derivatives, Gross liabilities recognized	7,919	8,538
Fair value after effect of master netting agreements	2,622	2,368
Total derivatives, Net amount	1,296	1,597
Repurchase agreements, Gross liabilities recognized	87,308	84,665
Repurchase agreements, Gross amounts offset in the balance sheet	78,433	76,040
Repurchase agreements, Net liabilities recognized on the balance sheet	8,875	8,625
Repurchase agreements, Gross amounts not offset in the balance sheet, Financial instruments	8,875	8,625
Repurchase agreements, Gross amounts not offset in the balance sheet, Cash collateral pledged	0	0
Repurchase agreements, Net amount	0	0
Securities lending, Gross liabilities recognized	871	997
Securities lending, Net liabilities recognized on the balance sheet	871	997
Securities lending, Gross amounts not offset in the balance sheet, Financial instruments	840	937
Securities lending, Net amount	31	60
Total, Gross liabilities recognized	96,098	94,200
Total, Gross amounts offset in the balance sheet	83,730	82,210
Total, Net liabilities recognized on the balance sheet	12,368	11,990
Total, Gross amounts not offset in the balance sheet, Financial instruments	11,041	10,333
Total, Gross amounts not offset in the balance sheet, Cash collateral pledged	0	0
Total, Net amount	1,327	1,657
Interest rate contracts
Derivative Asset
Derivatives subject to netting arrangements, Gross assets recognized	2,963	2,654
Total derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	2,347	2,202
Derivatives subject to netting arrangements, Net assets recognized in the balance sheet	616	452
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	181	133
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral received	0	0
Derivative assets subject to netting arrangements, Net amount	435	319
Derivative Liability
Derivatives subject to netting arrangements, Gross liabilities recognized	3,885	3,144
Derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	2,637	2,508
Derivatives subject to netting arrangements, Net liabilities recognized in the balance sheet	1,248	636
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	1,187	547
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral pledged	0	0
Derivative liabilities subject to netting arrangements, Net amount	61	89
Foreign exchange contracts
Derivative Asset
Derivatives subject to netting arrangements, Gross assets recognized	3,729	4,409
Total derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	3,213	3,724
Derivatives subject to netting arrangements, Net assets recognized in the balance sheet	516	685
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	10	70
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral received	0	0
Derivative assets subject to netting arrangements, Net amount	506	615
Derivative Liability
Derivatives subject to netting arrangements, Gross liabilities recognized	3,475	4,747
Derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	2,660	3,626
Derivatives subject to netting arrangements, Net liabilities recognized in the balance sheet	815	1,121
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	139	187
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral pledged	0	0
Derivative liabilities subject to netting arrangements, Net amount	676	934
Equity and other contracts
Derivative Asset
Derivatives subject to netting arrangements, Gross assets recognized	33	38
Total derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	8	13
Derivatives subject to netting arrangements, Net assets recognized in the balance sheet	25	25
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	0	0
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral received	0	0
Derivative assets subject to netting arrangements, Net amount	25	25
Derivative Liability
Derivatives subject to netting arrangements, Gross liabilities recognized	4	75
Derivatives subject to netting arrangements, Gross amounts offset in the balance sheet	0	36
Derivatives subject to netting arrangements, Net liabilities recognized in the balance sheet	4	39
Total derivatives, Gross amounts not offset in the balance sheet, Financial instruments	0	37
Total derivatives, Gross amounts not offset in the balance sheet, Cash collateral pledged	0	0
Derivative liabilities subject to netting arrangements, Net amount	$ 4	$ 2

Derivative instruments - Secure

Derivative instruments - Secured Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	$ 87,308	$ 84,665
Securities lending	871	997
Total borrowings	88,179	85,662
Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	84,258	81,615
Securities lending	871	997
Total borrowings	85,129	82,612
Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities lending	0	0
Total borrowings	0	0
30 days or more
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	3,050	3,050
Securities lending	0	0
Total borrowings	3,050	3,050
U.S. Treasury
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	80,367	76,822
U.S. Treasury | Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	80,367	76,822
U.S. Treasury | Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
U.S. Treasury | 30 days or more
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
U.S. government agencies
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	826	759
Securities lending	30	7
U.S. government agencies | Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	826	759
Securities lending	30	7
U.S. government agencies | Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities lending	0	0
U.S. government agencies | 30 days or more
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities lending	0	0
Agency RMBS
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	2,205	3,188
Agency RMBS | Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	2,205	3,184
Agency RMBS | Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Agency RMBS | 30 days or more
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	4
Corporate bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	1,820	1,829
Corporate bonds | Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	335	416
Corporate bonds | Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Corporate bonds | 30 days or more
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	1,485	1,413
Other debt securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	1,215	1,377
Securities lending	200	294
Other debt securities | Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	284	271
Securities lending	200	294
Other debt securities | Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities lending	0	0
Other debt securities | 30 days or more
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	931	1,106
Securities lending	0	0
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	875	690
Securities lending	641	696
Equity securities | Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	241	163
Securities lending	641	696
Equity securities | Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities lending	0	0
Equity securities | 30 days or more
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	634	527
Securities lending	$ 0	$ 0

Commitments and contingent li_3

Commitments and contingent liabilities - Summary of Off-Balance Sheet Credit Risks, Net of Participations (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Securities lending indemnifications, joint venture	$ 62,000	$ 56,000
Invested in reverse repurchase agreements
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Cash collateral invested in indemnified repurchase agreements	45,000	35,000
Lending commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet credit risks	51,191	50,631
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet credit risks	2,465	2,817
Off-balance sheet credit risks participations	162	163
Commercial letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet credit risks	60	165
Securities lending indemnifications
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet credit risks	$ 406,180	$ 401,504

Commitments and contingent li_4

Commitments and contingent liabilities - Narrative (Details)	Jul. 12, 2018claim	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Feb. 29, 2016claim	Dec. 17, 2015claim	Jun. 18, 2014trust	Dec. 31, 2009claim
Commitments and Contingencies Disclosure [Line Items]
Lending commitment maturing in less than one year		$ 31,800,000,000
Lending commitment maturing in one to five years		18,900,000,000
Lending commitment maturing over five years		$ 539,000,000
Collateralization percentage generally required for a securities lending transaction with indemnification against broker default		102.00%
Securities lending indemnifications, secured amount of collateral		$ 425,000,000,000	$ 420,000,000,000
Securities lending indemnifications, joint venture		62,000,000,000	56,000,000,000
Securities lending indemnifications, collateral joint venture		66,000,000,000	59,000,000,000
Loss contingency, number of MBS trusts (trust) | trust						233
Matters Related to R. Allen Stanford
Commitments and Contingencies Disclosure [Line Items]
Number of lawsuits or class actions (claim) | claim							15
Number of claims dismissed (claim) | claim	6
Matters Related to R. Allen Stanford, Putative Class Action
Commitments and Contingencies Disclosure [Line Items]
Number of lawsuits or class actions (claim) | claim							2
Brazilian Postalis Litigation
Commitments and Contingencies Disclosure [Line Items]
Number of lawsuits or class actions (claim) | claim					3
Depositary Receipt Litigation
Commitments and Contingencies Disclosure [Line Items]
Number of lawsuits or class actions (claim) | claim				4
Maximum
Commitments and Contingencies Disclosure [Line Items]
Loss contingency, aggregate range of reasonable loss (up to)		930,000,000
Standby letters of credit
Commitments and Contingencies Disclosure [Line Items]
Standby letters of credit (SBLC) collateralized with cash and securities		219,000,000	223,000,000
SBLC expiring within one year		1,600,000,000
SBLC expiring within one to five years		831,000,000
Off-balance sheet credit risks		2,465,000,000	2,817,000,000
Commercial letters of credit
Commitments and Contingencies Disclosure [Line Items]
Off-balance sheet credit risks		60,000,000	165,000,000
Unsettled Repurchase Agreements
Commitments and Contingencies Disclosure [Line Items]
Unsettled repurchase and reverse repurchase agreements		275,000,000
Unsettled Reverse Repurchase Agreements
Commitments and Contingencies Disclosure [Line Items]
Unsettled repurchase and reverse repurchase agreements		28,400,000,000
Operating segments
Commitments and Contingencies Disclosure [Line Items]
Allowance for lending-related commitments		$ 95,000,000	$ 106,000,000

Commitments and contingent li_5

Commitments and contingent liabilities - Standby Letters of Credits by Investment Grade (Details) - Standby letters of credit	Jun. 30, 2019	Dec. 31, 2018
Investment grade
Concentration Risk [Line Items]
Standby letters of credit by investment grade	90.00%	89.00%
Non-investment grade
Concentration Risk [Line Items]
Standby letters of credit by investment grade	10.00%	11.00%

Commitments and contingent li_6

Commitments and contingent liabilities - Significant Industry Concentrations Related to Credit Exposure (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	$ 52,396	$ 56,564
Financial institutions
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	11,500
Unfunded commitments	35,600
Total exposure	47,100
Financial institutions | Securities industry
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	2,500
Unfunded commitments	24,300
Total exposure	26,800
Financial institutions | Asset managers
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	1,400
Unfunded commitments	6,700
Total exposure	8,100
Financial institutions | Banks
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	6,500
Unfunded commitments	1,000
Total exposure	7,500
Financial institutions | Insurance
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	100
Unfunded commitments	2,400
Total exposure	2,500
Financial institutions | Government
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	100
Unfunded commitments	300
Total exposure	400
Financial institutions | Other
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	900
Unfunded commitments	900
Total exposure	1,800
Commercial
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	1,700
Unfunded commitments	13,600
Total exposure	15,300
Commercial | Manufacturing
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	700
Unfunded commitments	4,700
Total exposure	5,400
Commercial | Services and other
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	700
Unfunded commitments	3,900
Total exposure	4,600
Commercial | Energy and utilities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	300
Unfunded commitments	3,800
Total exposure	4,100
Commercial | Media and telecom
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans	0
Unfunded commitments	1,200
Total exposure	$ 1,200

Lines of business - Narrative (

Lines of business - Narrative (Details)	6 Months Ended
	Jun. 30, 2019business
Segment Reporting [Abstract]
Number of principal businesses (business)	2

Lines of business - Contributio

Lines of business - Contribution of Segments to Overall Profitability (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total fee and other revenue	$ 3,112	$ 3,032	$ 3,210	$ 6,144	$ 6,480
Net interest revenue (expense)	802	841	916	1,643	1,835
Provision for credit losses	(8)	7	(3)	(1)	(8)
Income from consolidated investment management funds, net of noncontrolling interests	1,017	946	1,103	1,963	2,274
Investment income (loss), net	10	26	12	36	1
Net income (loss) attributable to noncontrolling interests	4	10	5	14	(4)
Investment Management
Segment Reporting Information [Line Items]
Net income (loss) attributable to noncontrolling interests	(4)	(10)	(7)	14	(4)
Operating segments
Segment Reporting Information [Line Items]
Total fee and other revenue	3,118	3,048	3,215	6,166	6,485
Net interest revenue (expense)	802	841	916	1,643	1,835
Total revenue	3,920	3,889	4,131	7,809	8,320
Provision for credit losses	(8)	7	(3)	(1)	(8)
Noninterest expense	2,647	2,699	2,745	5,346	5,486
Income (loss) before taxes	$ 1,281	$ 1,183	$ 1,389	$ 2,464	$ 2,842
Pre-tax operating margin	33.00%	31.00%	34.00%	32.00%	34.00%
Average assets	$ 342,384	$ 336,165	$ 346,328	$ 339,292	$ 352,219
Net income (loss) attributable to noncontrolling interests			(2)
Operating segments | Investment Services
Segment Reporting Information [Line Items]
Total fee and other revenue	2,227	2,154	2,233	4,381	4,483
Net interest revenue (expense)	775	796	874	1,571	1,718
Total revenue	3,002	2,950	3,107	5,952	6,201
Provision for credit losses	(4)	8	1	4	(6)
Noninterest expense	1,954	1,969	1,967	3,923	3,916
Income (loss) before taxes	$ 1,052	$ 973	$ 1,139	$ 2,025	$ 2,291
Pre-tax operating margin	35.00%	33.00%	37.00%	34.00%	37.00%
Average assets	$ 264,639	$ 255,891	$ 264,387	$ 260,290	$ 271,203
Operating segments | Investment Management
Segment Reporting Information [Line Items]
Total fee and other revenue	850	864	941	1,714	1,953
Net interest revenue (expense)	67	75	77	142	153
Total revenue	917	939	1,018	1,856	2,106
Provision for credit losses	(2)	1	2	(1)	4
Noninterest expense	654	669	697	1,323	1,402
Income (loss) before taxes	$ 265	$ 269	$ 319	$ 534	$ 700
Pre-tax operating margin	29.00%	29.00%	31.00%	29.00%	33.00%
Average assets	$ 30,709	$ 31,857	$ 31,504	$ 30,926	$ 31,732
Income from consolidated investment management funds, net of noncontrolling interests	6	16	5	22	5
Investment income (loss), net	10	26	12	36	1
Net income (loss) attributable to noncontrolling interests	4	10	7	14	(4)
Operating segments | Other
Segment Reporting Information [Line Items]
Total fee and other revenue	41	30	41	71	49
Net interest revenue (expense)	(40)	(30)	(35)	(70)	(36)
Total revenue	1	0	6	1	13
Provision for credit losses	(2)	(2)	(6)	(4)	(6)
Noninterest expense	39	61	81	100	168
Income (loss) before taxes	(36)	(59)	(69)	(95)	(149)
Average assets	$ 47,036	$ 48,417	$ 50,437	$ 48,076	$ 49,284

Supplemental information to t_3

Supplemental information to the Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Supplemental Cash Flow Information [Abstract]
Transfers from loans to other assets for other real estate owned	$ 0	$ 2
Change in assets of consolidated investment management funds	76	303
Change in liabilities of consolidated investment management funds	4	1
Change in nonredeemable noncontrolling interests of consolidated investment management funds	65	264
Securities purchased not settled	1,113	400
Securities matured not settled	10	25
Available-for-sale securities transferred to trading assets	0	963
Held-to-maturity securities transferred to available-for-sale	0	1,087
Premises and equipment/capitalized software funded by financing lease obligations	14	15
Premises and equipment/operating lease obligations	$ 1,272	$ 0

Supplemental information to t_4

Supplemental information to the Consolidated Statement of Cash Flows - Footnote (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Lessee, Lease, Description [Line Items]
Premises and equipment/operating lease obligations	$ 1,272	$ 0
ASU 2016-02
Lessee, Lease, Description [Line Items]
Premises and equipment/operating lease obligations	1,244
New or Modified Leases
Lessee, Lease, Description [Line Items]
Premises and equipment/operating lease obligations	$ 28

Uncategorized Items - form10-q2

Label	Element	Value
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 2,036,000,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	1,659,000,000
Cash and Cash Equivalents, at Carrying Value	us-gaap_CashAndCashEquivalentsAtCarryingValue	5,556,000,000
Cash and Cash Equivalents, at Carrying Value	us-gaap_CashAndCashEquivalentsAtCarryingValue	$ 5,361,000,000