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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 4,736 $ 4,879
Interest-earning deposits with banks 24,713 25,711
Loans held for sale (a) [1] 1,764 2,504
Investment securities – available for sale 57,254 60,104
Investment securities – held to maturity 17,740 15,843
Loans (a) [1] 221,109 210,833
Allowance for loan and lease losses (2,605) (2,589)
Net loans 218,504 208,244
Equity investments 11,009 10,728
Mortgage servicing rights 1,854 1,758
Goodwill 9,163 9,103
Other (a) [1] 28,454 27,506
Total assets 375,191 366,380
Deposits    
Noninterest-bearing 79,967 80,230
Interest-bearing 180,768 176,934
Total deposits 260,735 257,164
Borrowed funds    
Federal Home Loan Bank borrowings 20,538 17,549
Bank notes and senior debt 26,467 22,972
Subordinated debt 5,601 8,009
Other (b) [2] 4,958 4,176
Total borrowed funds 57,564 52,706
Allowance for unfunded loan commitments and letters of credit 293 301
Accrued expenses and other liabilities 10,147 9,355
Total liabilities 328,739 319,526
Equity    
Preferred stock (c) [3]
Common stock ($5 par value, Authorized 800 shares, issued 542 shares) 2,710 2,709
Capital surplus 16,343 16,651
Retained earnings 33,819 31,670
Accumulated other comprehensive income (loss) (22) (265)
Common stock held in treasury at cost: 66 and 57 shares (6,462) (5,066)
Total shareholders’ equity 46,388 45,699
Noncontrolling interests 64 1,155
Total equity 46,452 46,854
Total liabilities and equity $ 375,191 $ 366,380
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.6 billion, Loans of $.8 billion and Other assets of $.3 billion at September 30, 2017 and Loans held for sale of $2.4 billion, Loans of $.9 billion and Other assets of $.5 billion at December 31, 2016.
[2] Our consolidated liabilities at both September 30, 2017 and December 31, 2016 included Other borrowed funds of $.1 billion for which we have elected the fair value option.
[3] Par value less than $.5 million at each date.