Consolidated Balance Sheet - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks		$ 6,629	$ 5,061
Interest-earning deposits with banks		70,959	23,413
Loans held for sale	[1]	1,787	1,083
Asset held for sale (b)	[2]		8,558
Investment securities – available for sale		89,747	69,163
Investment securities – held to maturity		1,438	17,661
Loans	[1]	249,279	239,843
Allowance for loan and lease losses (c)	[3]	(5,751)	(2,742)
Net loans		243,528	237,101
Equity investments		4,938	5,176
Mortgage servicing rights		1,113	1,644
Goodwill		9,233	9,233
Other	[1]	32,445	32,202
Total assets		461,817	410,295
Deposits
Noninterest-bearing		107,281	72,779
Interest-bearing		247,798	215,761
Total deposits		355,079	288,540
Borrowed funds
Federal Home Loan Bank borrowings		5,500	16,341
Bank notes and senior debt		26,839	29,010
Subordinated debt		6,465	6,134
Other	[4]	3,306	8,778
Total borrowed funds		42,110	60,263
Allowance for unfunded lending related commitments (c)	[3]	689	318
Accrued expenses and other liabilities		10,629	11,831
Total liabilities		408,507	360,952
Equity
Preferred stock	[5]
Common stock ($5 par value, Authorized 800 shares, issued 542 shares)		2,712	2,712
Capital surplus		15,836	16,369
Retained earnings		45,947	42,215
Accumulated other comprehensive income		2,997	799
Common stock held in treasury at cost: 118 and 109 shares		(14,216)	(12,781)
Total shareholders’ equity		53,276	49,314
Noncontrolling interests		34	29
Total equity		53,310	49,343
Total liabilities and equity		$ 461,817	$ 410,295

[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.4 billion, Loans of $1.3 billion and Other assets of $.1 billion at September 30, 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] Represents our held for sale investment in BlackRock. In the second quarter of 2020, PNC divested its entire investment in BlackRock. Prior period BlackRock investment balances have been reclassified to the Asset held for sale line in accordance with ASC 205-20, Presentation of Financial Statements - Discontinued Operations. Refer to Note 1 Accounting Policies and Note 2 Discontinued Operations for additional details.

[3] Amounts as of September 30, 2020 reflects the impact of adopting Accounting Standards Update 2016-13, Financial Instruments - Credit Losses, which is commonly referred to as the Current Expected Credit Losses (CECL) standard and our transition from an incurred loss methodology for these reserves to an expected credit loss methodology. Refer to Note 1 Accounting Policies in this Report for additional detail on the adoption of this standard

[4] Our consolidated liabilities at September 30, 2020 and December 31, 2019 included Other borrowed funds of less than $.1 billion and $.1 billion, respectively, for which we have elected the fair value option.

[5] Par value less than $.5 million at each date.