Consolidated Balance Sheet - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks		$ 7,493	$ 5,061
Interest-earning deposits with banks		19,986	23,413
Loans held for sale	[1]	1,693	1,083
Investment securities – available for sale		89,077	69,163
Investment securities – held to maturity (b)	[2]	1,469	17,661
Loans		264,643	239,843
Allowance for credit losses – loan and lease losses (c)	[3]	(3,944)	(2,742)
Net loans		260,699	237,101
Equity investments	[4]	13,205	13,734
Mortgage servicing rights		1,082	1,644
Goodwill		9,233	9,233
Other	[1],[2]	41,556	32,202
Total assets		445,493	410,295
Deposits
Noninterest-bearing		81,614	72,779
Interest-bearing		223,590	215,761
Total deposits		305,204	288,540
Borrowed funds
Federal Home Loan Bank borrowings		23,491	16,341
Bank notes and senior debt		31,438	29,010
Subordinated debt		6,475	6,134
Other	[5]	11,995	8,778
Total borrowed funds		73,399	60,263
Allowance for credit losses – unfunded lending related commitments (c)	[3]	450	318
Accrued expenses and other liabilities		17,150	11,831
Total liabilities		396,203	360,952
Equity
Common stock ($5 par value, Authorized 800 shares, issued 542 shares)		2,712	2,712
Capital surplus		16,288	16,369
Retained earnings		41,885	42,215
Accumulated other comprehensive income		2,518	799
Common stock held in treasury at cost: 118 and 109 shares		(14,140)	(12,781)
Total shareholders’ equity		49,263	49,314
Noncontrolling interests		27	29
Total equity		49,290	49,343
Total liabilities and equity		$ 445,493	$ 410,295

[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.5 billion, Loans of $1.1 billion and Other assets of $.1 billion at March 31, 2020 and Loans held for sale of $1.1 billion, Loans of $.7 billion and Other assets of $.1 billion at December 31, 2019.

[2] Amounts as of March 31, 2020 are net of the related Allowances for Credit Losses recorded in accordance with the adoption of Accounting Standards Update 2016-13, Financial Instruments - Credit Losses, which totaled $2 million and $19 million for Investment securities and Other assets, respectively. See Recently Adopted Accounting Standards portion of Note 1 Accounting Policies for additional detail on the adoption of this ASU.

[3] Amounts as of March 31, 2020 reflect the impact of adopting the CECL accounting standard and our transition from an incurred loss methodology for these reserves to an expected credit loss methodology. Prior period amounts represent Allowance for Loans and Leases (ALLL) under the incurred loss methodology. Refer to Note 1 Accounting Policies in this Report for additional detail on the adoption of this standard.

[4] Amounts include our equity investment in BlackRock.

[5] Our consolidated liabilities at both March 31, 2020 and December 31, 2019 included Other borrowed funds of $.1 billion for which we have elected the fair value option.