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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 398 $ 407
Interest-bearing deposits with banks 533 192
Cash and Cash Equivalents 931 599
Debt securities available for sale (amortized cost of $3,203 and $3,275; allowance for credit losses of $0) 3,301 3,289
Debt securities held to maturity (fair value of $3,162 and $3,305; allowance for credit losses of $0) 3,050 3,275
Loans held for sale (includes $95 and $41 measured at fair value) [1] 108 51
Loans and leases, net of unearned income of $141 and $1 26,162 23,289
Allowance for credit losses (365) (196)
Net Loans and Leases 25,797 23,093
Premises and equipment, net 332 333
Goodwill 2,262 2,262
Core deposit and other intangible assets, net 61 67
Bank owned life insurance 547 544
Other assets 1,332 1,102
Total Assets 37,721 34,615
Liabilities    
Non-interest-bearing demand 8,650 6,384
Interest-bearing demand 12,510 11,049
Savings 2,969 2,625
Certificates and other time deposits 4,266 4,728
Total Deposits 28,395 24,786
Short-term borrowings 2,411 3,216
Long-term borrowings 1,630 1,340
Other liabilities 388 390
Total Liabilities 32,824 29,732
Stockholders’ Equity    
Preferred stock - $0.01 par value; liquidation preference of $1,000 per share Authorized - 20,000,000 shares Issued - 110,877 shares 107 107
Common stock - $0.01 par value Authorized - 500,000,000 shares Issued - 327,997,423 and 327,242,364 shares 3 3
Additional paid-in capital 4,081 4,067
Retained earnings 796 798
Accumulated other comprehensive loss (35) (65)
Treasury stock – 4,791,498 and 2,227,804 shares at cost (55) (27)
Total Stockholders’ Equity 4,897 4,883
Total Liabilities and Stockholders’ Equity $ 37,721 $ 34,615
[1] Amount represents loans for which we have elected the fair value option. See Note 19.