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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks (a) $ 3,861 $ 4,065 [1]
Federal funds sold and resale agreements (b) [2] 1,123 1,369
Trading securities 1,884 1,726
Interest-earning deposits with banks (a) 29,478 30,546 [1]
Loans held for sale (b) [2] 1,541 1,540
Investment securities 72,569 70,528
Loans (b) [2] 207,485 206,696
Allowance for loan and lease losses (2,711) (2,727)
Net loans (a) 204,774 203,969 [1]
Goodwill 9,103 9,103
Mortgage servicing rights 1,323 1,589
Other intangible assets 353 379
Equity investments (a) [1] 10,391 10,587
Other (a) (b) [1],[2] 24,585 23,092
Total assets 360,985 358,493
Deposits    
Noninterest-bearing 78,151 79,435
Interest-bearing 172,208 169,567
Total deposits 250,359 249,002
Borrowed funds    
Federal funds purchased and repurchase agreements 2,495 1,777
Federal Home Loan Bank Borrowings 19,058 20,108
Bank notes and senior debt 21,594 21,298
Subordinated debt 8,707 8,556
Other (c) (d) [3],[4] 2,324 2,793
Borrowed funds 54,178 54,532
Allowance for unfunded loan commitments and letters of credit 282 261
Accrued expenses (c) [4] 4,850 4,975
Other (c) [4] 4,988 3,743
Total liabilities 314,657 312,513
Equity    
Preferred stock (e) [5] 0 0
Common stock ($5 par value, authorized 800 shares, issued 542 and 542 shares) 2,708 2,708
Capital surplus - preferred stock 3,453 3,452
Capital surplus - common stock and other 12,586 12,745
Retained earnings 29,642 29,043
Accumulated other comprehensive income 532 130
Common stock held in treasury at cost: 43 and 38 shares (3,791) (3,368)
Total shareholders' equity 45,130 44,710
Noncontrolling interests 1,198 1,270
Total equity 46,328 45,980
Total liabilities and equity $ 360,985 $ 358,493
[1] Our consolidated assets at March 31, 2016 included the following assets of certain variable interest entities (VIEs): Equity investments of $326 million and Other assets of $41 million. Our consolidated assets at December 31, 2015 included the following assets of certain VIEs: Cash and due from banks of $11 million, Interest-earning deposits with banks of $4 million, Net loans of $1.3 billion, Equity investments of $183 million, and Other assets of $402 million.
[2] Our consolidated assets at March 31, 2016 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $138 million, Loans held for sale of $1.4 billion, Loans of $.9 billion, and Other assets of $375 million. Our consolidated assets at December 31, 2015 included the following for which we have elected the fair value option: Federal funds sold and resale agreements of $137 million, Loans held for sale of $1.5 billion, Loans of $.9 billion, and Other assets of $521 million.
[3] Our consolidated liabilities at March 31, 2016 and December 31, 2015 included Other borrowed funds of $63 million and $93 million, respectively, for which we have elected the fair value option.
[4] Our consolidated liabilities at March 31, 2016 included liabilities of $9 million for certain VIEs. Our consolidated liabilities at December 31, 2015 included the following liabilities of certain VIEs: Other borrowed funds of $148 million, Accrued expenses of $44 million, and Other liabilities of $202 million.
[5] Par value less than $.5 million at each date.