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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 3,122 $ 3,147
Other short-term Investments [1] 34,187 33,399
Available-for-sale debt and other securities [2] 37,595 37,513
Held-to-maturity securities [3] 10 11
Trading debt securities 728 560
Equity securities 315 313
Loans and leases held for sale [4] 5,477 4,741
Portfolio loans and leases [1],[5] 108,855 108,782
Allowance for loan and lease losses [1] (2,208) (2,453)
Portfolio loans and leases, net 106,647 106,329
Bank premises and equipment [6] 2,072 2,088
Operating lease equipment 718 777
Goodwill 4,259 4,258
Intangible assets 127 139
Servicing rights 784 656
Other assets [1] 10,858 10,749
Total Assets 206,899 204,680
Deposits:    
Noninterest-bearing deposits 61,363 57,711
Interest-bearing deposits [7] 101,030 101,370
Total deposits 162,393 159,081
Federal funds purchased 302 300
Other short-term borrowings 1,106 1,192
Accrued taxes, interest and expenses 1,879 2,614
Other liabilities [1] 3,881 3,409
Long-term debt [1] 14,743 14,973
Total Liabilities 184,304 181,569
Equity    
Common stock [8] 2,051 2,051
Preferred stock [9] 2,116 2,116
Capital surplus 3,592 3,635
Retained earnings 18,863 18,384
Accumulated other comprehensive income 1,792 2,601
Treasury stock [8] (5,819) (5,676)
Total Equity 22,595 23,111
Total Liabilities and Equity $ 206,899 $ 204,680
[1] Includes $54 and $55 of other short-term investments, $633 and $756 of portfolio loans and leases, $(5) and $(7) of ALLL, $4 and $5 of other assets, $1 and $2 of other liabilities, and $540 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.
[2] Amortized cost of $35,963 and $34,982 at March 31, 2021 and December 31, 2020, respectively.
[3] Fair value of $10 and $11 at March 31, 2021 and December 31, 2020, respectively.
[4] Includes $1,801 and $1,481 of residential mortgage loans held for sale measured at fair value and $9 and $0 of commercial loans held for sale measured at fair value at March 31, 2021 and December 31, 2020, respectively.
[5] Includes $153 and $161 of residential mortgage loans measured at fair value at March 31, 2021 and December 31, 2020, respectively.
[6] Includes $27 and $35 of bank premises and equipment held for sale at March 31, 2021 and December 31, 2020, respectively.
[7] Includes $354 and $351 of interest checking deposits held for sale at March 31, 2021 and December 31, 2020, respectively.
[8] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at March 31, 2021 – 711,595,529 (excludes 212,297,052 treasury shares), December 31, 2020 – 712,760,325 (excludes 211,132,256 treasury shares).
[9] 500,000 shares of no par value preferred stock were authorized at both March 31, 2021 and December 31, 2020. There were 422,000 unissued shares of undesignated no par value preferred stock at both March 31, 2021 and December 31, 2020. 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 March 31, 2021 and December 31, 2020. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both March 31, 2021 and December 31, 2020. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.