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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Securities:    
Held-to-maturity, at amortized cost, net of allowance for credit losses of less than $1 at Sept. 30, 2020 (fair value of $47,458 and $34,805) $ 46,096 $ 34,483
Available-for-sale, at fair value (amortized cost of $105,684 and $87,435, net of allowance for credit losses of $12 at Sept 30, 2020) 109,243 88,550
Loans 55,491 54,953
Allowance for credit losses (460) (216)
Goodwill 17,357 17,386
Intangible assets 3,026 3,107
Other assets, net of allowance for credit losses on accounts receivable of $5 at Sept. 30, 2020 (includes $527 and $419, at fair value) 20,779 20,221
Total assets 428,398 381,508
Deposits:    
Total liabilities 383,051 339,780
Temporary equity    
Redeemable noncontrolling interests 179 143
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 1,381,650,891 and 1,374,443,376 shares 14 14
Additional paid-in capital 27,741 27,515
Retained earnings 33,821 31,894
Accumulated other comprehensive loss, net of tax (1,359) (2,638)
Less: Treasury stock of 495,515,086 and 473,760,338 common shares, at cost (19,832) (18,844)
Total The Bank of New York Mellon Corporation shareholders’ equity 44,917 41,483
Nonredeemable noncontrolling interests of consolidated investment management funds 251 102
Total permanent equity [1] 45,168 [2] 41,585
Total liabilities, temporary equity and permanent equity 428,398 381,508
Investment Management funds    
Securities:    
Trading assets 579 229
Assets of consolidated investment management funds, at fair value 588 245
Deposits:    
Liabilities of consolidated investment management funds, at fair value 4 1
Operating segments    
Assets    
Cash and due from banks, net of allowance for credit losses of $5 at Sept. 30, 2020 [3] 4,104 4,830
Interest-bearing deposits with the Federal Reserve and other central banks 106,185 95,042
Interest-bearing deposits with banks, net of allowance for credit losses of $4 at Sept. 30, 2020 (includes restricted of $2,891 and $2,437) [3] 19,027 14,811
Federal funds sold and securities purchased under resale agreements [3] 29,647 30,182
Securities:    
Held-to-maturity, at amortized cost, net of allowance for credit losses of less than $1 at Sept. 30, 2020 (fair value of $47,458 and $34,805) [3] 46,096 34,483
Available-for-sale, at fair value (amortized cost of $105,684 and $87,435, net of allowance for credit losses of $12 at Sept 30, 2020) [3] 109,243 88,550
Total securities 155,339 123,033
Trading assets 13,074 13,571
Loans 55,491 54,953
Allowance for credit losses [3] (325) (122)
Net loans 55,166 54,831
Premises and equipment 3,617 3,625
Accrued interest receivable 489 624
Goodwill 17,357 17,386
Intangible assets 3,026 3,107
Other assets, net of allowance for credit losses on accounts receivable of $5 at Sept. 30, 2020 (includes $527 and $419, at fair value) [3] 20,779 20,221
Total assets 427,810 381,263
Deposits:    
Noninterest-bearing (principally U.S. offices) 79,470 57,630
Interest-bearing deposits in U.S. offices 111,703 101,542
Interest-bearing deposits in non-U.S. offices 105,139 100,294
Total deposits 296,312 259,466
Federal funds purchased and securities sold under repurchase agreements 15,907 11,401
Trading liabilities 6,084 4,841
Payables to customers and broker-dealers 23,514 18,758
Commercial paper 671 3,959
Other borrowed funds 420 599
Accrued taxes and other expenses 5,347 5,642
Other liabilities (including allowance for credit losses on lending-related commitments of $135 and $94, also includes $997 and $607, at fair value) [3] 8,671 7,612
Long-term debt (includes $400 and $387, at fair value) 26,121 27,501
Total liabilities 383,047 339,779
Operating segments | Investment Management funds    
Securities:    
Assets of consolidated investment management funds, at fair value 588 245
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 $37,941 million at Dec. 31, 2019 and $40,385 million at Sept. 30, 2020.
[2] Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $39,165 million at June 30, 2020 and $40,385 million at Sept. 30, 2020.
[3] 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.