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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Securities:    
Held-to-maturity (including allowance for credit losses of less than $1 at June 30, 2020; fair value of $45,983 and $34,805) $ 44,615 $ 34,483
Available-for-sale (including allowance for credit losses of $12 at June 30, 2020; amortized cost of $106,668 and $87,435) 110,067 88,550
Goodwill 17,253 17,386
Intangible assets 3,045 3,107
Other assets (including allowance for credit losses on accounts receivable of $4 at June 30, 2020, also includes $529 and $419, at fair value) 21,306 20,221
Total assets 442,316 381,508
Deposits:    
Total liabilities 398,350 339,780
Temporary equity    
Redeemable noncontrolling interests 157 143
Permanent equity    
Preferred stock – par value $0.01 per share; authorized 100,000,000 shares; issued 45,826 and 35,826 shares 4,532 3,542
Common stock – par value $0.01 per share; authorized 3,500,000,000 shares; issued 1,381,361,699 and 1,374,443,376 shares 14 14
Additional paid-in capital 27,702 27,515
Retained earnings 33,224 31,894
Accumulated other comprehensive loss, net of tax (1,943) (2,638)
Less: Treasury stock of 495,499,985 and 473,760,338 common shares, at cost (19,832) (18,844)
Total The Bank of New York Mellon Corporation shareholders’ equity 43,697 41,483
Nonredeemable noncontrolling interests of consolidated investment management funds 112 102
Total permanent equity [2] 43,809 [1] 41,585 [3]
Total liabilities, temporary equity and permanent equity 442,316 381,508
Investment Management funds    
Securities:    
Trading assets 450 229
Assets of consolidated investment management funds, at fair value 460 245
Deposits:    
Liabilities of consolidated investment management funds, at fair value 4 1
Operating segments    
Assets    
Cash and due from banks (including allowance for credit losses of $4 at June 30, 2020) [4] 4,776 4,830
Interest-bearing deposits with the Federal Reserve and other central banks 112,728 95,042
Interest-bearing deposits with banks (including allowance for credit losses of $1 at June 30, 2020; $2,210 and $2,437 is restricted) [4] 18,045 14,811
Federal funds sold and securities purchased under resale agreements (including allowance for credit losses of $(-) at June 30, 2020) 36,638 30,182
Securities:    
Held-to-maturity (including allowance for credit losses of less than $1 at June 30, 2020; fair value of $45,983 and $34,805) [4] 44,615 34,483
Available-for-sale (including allowance for credit losses of $12 at June 30, 2020; amortized cost of $106,668 and $87,435) [4] 110,067 88,550
Total securities 154,682 123,033
Trading assets 14,150 13,571
Loans 55,397 54,953
Allowance for credit losses [4] (302) (122)
Net loans 55,095 54,831
Premises and equipment 3,598 3,625
Accrued interest receivable 540 624
Goodwill 17,253 17,386
Intangible assets 3,045 3,107
Other assets (including allowance for credit losses on accounts receivable of $4 at June 30, 2020, also includes $529 and $419, at fair value) [4] 21,306 20,221
Total assets 441,856 381,263
Deposits:    
Noninterest-bearing (principally U.S. offices) 78,100 57,630
Interest-bearing deposits in U.S. offices 121,242 101,542
Interest-bearing deposits in non-U.S. offices 106,128 100,294
Total deposits 305,470 259,466
Federal funds purchased and securities sold under repurchase agreements 14,512 11,401
Trading liabilities 5,595 4,841
Payables to customers and broker-dealers 25,012 18,758
Commercial paper 665 3,959
Other borrowed funds 1,628 599
Accrued taxes and other expenses 5,029 5,642
Other liabilities (including allowance for credit losses on lending-related commitments of $152 and $94, also includes $964 and $607, at fair value) [4] 12,869 7,612
Long-term debt (includes $399 and $387, at fair value) 27,566 27,501
Total liabilities 398,346 339,779
Operating segments | Investment Management funds    
Securities:    
Assets of consolidated investment management funds, at fair value 460 245
Deposits:    
Liabilities of consolidated investment management funds, at fair value $ 4 $ 1
[1]
Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,603 million at March 31, 2020 and $39,165 million at June 30, 2020.

[2]
Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,941 million at Dec. 31, 2019 and $39,165 million at June 30, 2020.
[3]
Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,941 million at Dec. 31, 2019 and $37,603 million at March 31, 2020.
[4]
In the first quarter of 2020, we adopted new accounting guidance included in ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, on a prospective basis. See Note 2 of the Notes to Consolidated Financial Statements for additional information.