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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 2,996 $ 3,278
Other short-term Investments [1] 31,285 1,950
Available-for-sale debt and other securities [2] 37,425 36,028
Held-to-maturity securities [3] 15 17
Trading debt securities 704 297
Equity securities 277 564
Loans and leases held for sale [4] 2,323 1,400
Portfolio loans and leases [1],[5] 110,731 109,558
Allowance for loan and lease losses [1] (2,574) (1,202)
Portfolio loans and leases, net 108,157 108,356
Bank premises and equipment [6] 2,090 1,995
Operating lease equipment 818 848
Goodwill 4,261 4,252
Intangible assets 157 201
Servicing rights 660 993
Other assets [1] 10,828 9,190
Total Assets 201,996 169,369
Deposits:    
Noninterest-bearing deposits 51,896 35,968
Interest-bearing deposits 104,787 91,094
Total deposits 156,683 127,062
Federal funds purchased 251 260
Other short-term borrowings 1,196 1,011
Accrued taxes, interest and expenses 2,500 2,441
Other liabilities [1] 3,292 2,422
Long-term debt [1] 15,123 14,970
Total Liabilities 179,045 148,166
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 2,116 1,770
Capital surplus 3,624 3,599
Retained earnings 18,010 18,315
Accumulated other comprehensive income 2,831 1,192
Treasury stock [7] (5,681) (5,724)
Total Equity 22,951 21,203
Total Liabilities and Equity $ 201,996 $ 169,369
[1] Includes $61 and $74 of other short-term investments, $887 and $1,354 of portfolio loans and leases, $(9) and $(7) of ALLL, $5 and $8 of other assets, $2 and $2 of other liabilities, and $786 and $1,253 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2020 and December 31, 2019, respectively. For further information refer to Note 13.
[2] Amortized cost of $34,693 and $34,966 at September 30, 2020 and December 31, 2019, respectively.
[3] Fair value of $15 and $17 at September 30, 2020 and December 31, 2019, respectively.
[4] Includes $1,472 and $1,264 of residential mortgage loans held for sale measured at fair value at September 30, 2020 and December 31, 2019, respectively.
[5] Includes $174 and $183 of residential mortgage loans measured at fair value at September 30, 2020 and December 31, 2019, respectively.
[6] Includes $45 and $27 of bank premises and equipment held for sale at September 30, 2020 and December 31, 2019, respectively.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at September 30, 2020 – 712,327,748 (excludes 211,564,833 treasury shares), December 31, 2019 – 708,915,629 (excludes 214,976,952 treasury shares).
[8] (h)500,000 shares of no par value preferred stock were authorized at both September 30, 2020 and December 31, 2019. There were 422,000 and 436,000 unissued shares of undesignated no par value preferred stock at September 30, 2020 and December 31, 2019, respectively. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both September 30, 2020 and December 31, 2019. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both September 30, 2020 and December 31, 2019. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.