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Consolidated Balance Sheet (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Loans held for sale [1] $ 1,764 $ 2,504
Loans [1] 221,109 210,833
Other assets [1] 28,454 27,506
Other borrowed funds [2] $ 4,958 $ 4,176
Common stock, par value (in dollars per share) $ 5 $ 5
Common stock, authorized (shares) 800,000,000 800,000,000
Common stock, issued (shares) 542,000,000 542,000,000
Common stock held in treasury at cost (shares) 66,000,000 57,000,000
Preferred stock [3]
Portion at Fair Value, Fair Value Disclosure    
Loans held for sale, fair value [1] 1,600 2,400
Loans, fair value [1] 800 900
Other assets, fair value [1] 300 500
Other borrowed funds, fair value [2] $ 100 $ 100
[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.