CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Millions		Jun. 30, 2018		Dec. 31, 2017
Assets:
Cash and due from banks		$ 1,340		$ 1,115
Interest bearing deposits with banks		22,078		11,157
Federal funds sold and securities purchased under agreements to resell (includes $395 million and $80 million designated under fair value option at June 30, 2018 and December 31, 2017, respectively)		10,176		32,618
Trading assets		25,559		16,150
Securities available-for-sale		31,028		30,700
Securities held-to-maturity (fair value of $14.8 billion and $13.9 billion at June 30, 2018 and December 31, 2017, respectively)		15,152		13,977
Loans		66,399		72,563
Less – allowance for credit losses		531		681
Loans, net		65,868	[1]	71,882
Loans held for sale (includes $90 million and $471 million designated under fair value option at June 30, 2018 and December 31, 2017, respectively)		213		715
Properties and equipment, net		164		185
Goodwill		1,607		1,607
Other assets		7,502		7,129
Total assets	[2]	180,687		187,235
Domestic deposits:
Noninterest bearing		26,190		28,153
Interest bearing (includes $7.7 billion designated under fair value option at both June 30, 2018 and December 31, 2017, respectively)		81,336		84,223
Foreign deposits:
Noninterest bearing		278		322
Interest bearing		6,421		5,331
Deposits held for sale		130		673
Total deposits		114,355	[1]	118,702
Short-term borrowings (includes $1.3 billion and $2.0 billion designated under fair value option at June 30, 2018 and December 31, 2017, respectively)		6,391		4,650
Long-term debt (includes $12.4 billion and $12.9 billion designated under fair value option at June 30, 2018 and December 31, 2017, respectively)		31,749		34,966
Total debt		152,495		158,318
Trading liabilities		3,277		4,879
Interest, taxes and other liabilities		4,930		3,944
Total liabilities	[2]	160,702		167,141
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both June 30, 2018 and December 31, 2017)		1,265		1,265
Common equity:
Common stock ($5 par; 150,000,000 shares authorized; 714 shares issued and outstanding at both June 30, 2018 and December 31, 2017)		0		0
Additional paid-in capital		18,135		18,130
Retained earnings		1,221		1,130
Accumulated other comprehensive loss		(636)		(431)
Total common equity		18,720		18,829
Total equity		19,985		20,094
Total liabilities and equity		$ 180,687		$ 187,235

[1] In addition to the changes discussed above, in conjunction with HSBC's adoption of the requirements of IFRS 9 we also adopted changes in presentation under the Group Reporting Basis related to affiliate loans and deposits as well as cash collateral posted and received. Beginning January 1, 2018, affiliate loans have been reclassified from other assets to loans, affiliate deposits have been reclassified from other liabilities to deposits, cash collateral posted has been reclassified from loans to other assets and cash collateral received has been reclassified from deposits to other liabilities. As a result of these changes, total loans, net and total deposits in the GB&M segment increased $0.1 billion and $8.4 billion, respectively, and total loans, net and total deposits in the CC segment decreased $2.3 billion and $1.1 billion, respectively, at June 30, 2018.

[2] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at June 30, 2018 and December 31, 2017 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 17, "Variable Interest Entities," for additional information. Assets: Other assets $136 million and $154 million. Total assets $136 million and $154 million respectively. Liabilities: Long-term debt $73 million and $73 million, Interest, taxes and other liabilities $57 million and $59 million. Total liabilities $130 million and $132 million, respectively.