CONSOLIDATED BALANCE SHEET (UNAUDITED) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Assets:
Cash and due from banks	$ 2,325		$ 961
Interest bearing deposits with banks	23,946		19,614
Federal funds sold and securities purchased under agreements to resell	2,311		2,119
Trading assets	25,156		28,894
Securities available-for-sale	44,778		54,906
Securities held-to-maturity (fair value of $1.4 billion and $1.5 billion at June 30, 2014 and December 31, 2013, respectively)	1,205		1,358
Loans	72,198		67,695
Less – allowance for credit losses	624		606
Loans, net	71,574		67,089
Loans held for sale (includes $159 million and $58 million designated under fair value option at June 30, 2014 and December 31, 2013, respectively)	500		230
Properties and equipment, net	250		269
Intangible assets, net	240		295
Goodwill	1,612		1,612
Other assets	8,321		8,140
Total assets	182,218	[1]	185,487	[1]
Deposits in domestic offices:
Noninterest bearing	32,220		29,707
Interest bearing (includes $7.7 billion designated under fair value option at both June 30, 2014 and December 31, 2013, respectively)	65,734		62,903
Deposits in foreign offices:
Noninterest bearing	1,440		1,364
Interest bearing	16,127		18,634
Total deposits	115,521		112,608
Short-term borrowings	12,906		19,135
Long-term debt (includes $8.3 billion and $7.6 billion designated under fair value option at June 30, 2014 and December 31, 2013, respectively)	24,604		22,847
Total debt	153,031		154,590
Trading liabilities	8,815		10,875
Interest, taxes and other liabilities	3,388		3,558
Total liabilities	165,234	[1]	169,023	[1]
Shareholders’ equity
Preferred stock	1,565		1,565
Common shareholder’s equity:
Common stock ($5 par; 150,000,000 shares authorized; 713 shares issued and outstanding at June 30, 2014 and December 31, 2013)	0		0
Additional paid-in capital	14,106		14,106
Retained earnings	1,199		952
Accumulated other comprehensive income (loss)	114		(159)
Total common shareholder’s equity	15,419		14,899
Total shareholders’ equity	16,984		16,464
Total liabilities and shareholders’ equity	$ 182,218		$ 185,487

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") as of June 30, 2014 and December 31, 2013 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 16, "Variable Interest Entities," for additional information. Assets: Interest bearing deposits with banks, $3 million and $5 million, Securities held-to-maturity, $157 million and $200 million Other assets $458 million and $502 million. Total assets $618 million and $707 million respectively. Liabilities: Long-term debt $92 million and $92 million, Interest, taxes and other liabilities $71 million and $93 million. Total liabilities $163 million and $185 million, respectively.