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CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Assets:    
Cash and due from banks $ 986 $ 1,235
Interest bearing deposits with banks 23,103 20,238
Federal funds sold and securities purchased under agreements to resell (includes $1.3 billion and $770 million designated under fair value option at September 30, 2017 and December 31, 2016, respectively) 17,136 30,023
Trading assets 33,520 16,850
Securities available-for-sale 31,693 36,910
Securities held-to-maturity (fair value of $14.4 billion and $12.8 billion at September 30, 2017 and December 31, 2016, respectively) 14,361 12,809
Loans 67,593 73,875
Less – allowance for credit losses 799 1,017
Loans, net 66,794 72,858
Loans held for sale (includes $375 million and $725 million designated under fair value option at September 30, 2017 and December 31, 2016, respectively) 507 1,809
Properties and equipment, net 175 202
Goodwill 1,607 1,612
Other assets 8,004 6,755
Total assets [1] 197,886 201,301
Domestic deposits:    
Noninterest bearing 27,423 26,932
Interest bearing (includes $7.6 billion and $7.5 billion designated under fair value option at September 30, 2017 and December 31, 2016, respectively) 85,898 86,389
Foreign deposits:    
Noninterest bearing 563 741
Interest bearing 6,926 15,186
Deposits held for sale 1,030 0
Total deposits 121,840 129,248
Short-term borrowings (includes $3.6 billion and $2.7 billion designated under fair value option at September 30, 2017 and December 31, 2016, respectively) 7,973 5,101
Long-term debt (includes $12.4 billion and $10.4 billion designated under fair value option at September 30, 2017 and December 31, 2016, respectively) 37,376 37,739
Total debt 167,189 172,088
Trading liabilities 4,084 4,908
Interest, taxes and other liabilities 5,615 3,950
Total liabilities [1] 176,888 180,946
Equity    
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both September 30, 2017 and December 31, 2016) 1,265 1,265
Common equity:    
Common stock ($5 par; 150,000,000 shares authorized; 714 shares issued and outstanding at both September 30, 2017 and December 31, 2016) 0 0
Additional paid-in capital 18,129 18,148
Retained earnings 1,942 1,560
Accumulated other comprehensive loss (338) (618)
Total common equity 19,733 19,090
Total equity 20,998 20,355
Total liabilities and equity $ 197,886 $ 201,301
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at September 30, 2017 and December 31, 2016 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: Other assets $208 million and $231 million. Total assets $208 million and $231 million respectively. Liabilities: Long-term debt $73 million and $79 million, Interest, taxes and other liabilities $58 million and $60 million. Total liabilities $131 million and $139 million, respectively.