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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 3,285 $ 3,147
Other short-term Investments [1] 32,409 33,399
Available-for-sale debt and other securities [2] 38,012 37,513
Held-to-maturity securities 10 11
Trading debt securities 711 560
Equity securities 341 313
Loans and leases held for sale [3] 5,730 4,741
Portfolio loans and leases [1],[4] 107,733 108,782
Allowance for loan and lease losses [1] (2,033) (2,453)
Portfolio loans and leases, net 105,700 106,329
Bank premises and equipment [5] 2,073 2,088
Operating lease equipment 715 777
Goodwill 4,259 4,258
Intangible assets 117 139
Servicing rights 818 656
Other assets [1] 11,210 10,749
Total Assets 205,390 204,680
Deposits:    
Noninterest-bearing deposits 62,760 57,711
Interest-bearing deposits [6] 99,523 101,370
Total deposits 162,283 159,081
Federal funds purchased 338 300
Other short-term borrowings 1,130 1,192
Accrued taxes, interest and expenses 2,045 2,614
Other liabilities [1] 4,304 3,409
Long-term debt [1] 12,364 14,973
Total Liabilities 182,464 181,569
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 2,116 2,116
Capital surplus 3,602 3,635
Retained earnings 19,343 18,384
Accumulated other comprehensive income 1,974 2,601
Treasury stock [7] (6,160) (5,676)
Total Equity 22,926 23,111
Total Liabilities and Equity $ 205,390 $ 204,680
[1] Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.
[2] Amortized cost of $36,081 and $34,982 at June 30, 2021 and December 31, 2020, respectively.
[3] Includes $1,633 and $1,481 of residential mortgage loans held for sale measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[4] Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[5] Includes $25 and $35 of bank premises and equipment held for sale at June 30, 2021 and December 31, 2020, respectively.
[6] Includes $341 and $351 of interest checking deposits held for sale at June 30, 2021 and December 31, 2020, respectively.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2021 – 703,739,634 (excludes 220,152,947 treasury shares), December 31, 2020 – 712,760,325 (excludes 211,132,256 treasury shares).
[8] 500,000 shares of no par value preferred stock were authorized at both June 30, 2021 and December 31, 2020. There were 422,000 unissued shares of undesignated no par value preferred stock at both June 30, 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 June 30, 2021 and December 31, 2020. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both June 30, 2021 and December 31, 2020. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.