CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Assets:
Cash and due from banks		$ 983	$ 1,744
Interest bearing deposits with banks		26,496	2,038
Federal funds sold and securities purchased under agreements to resell		4,643	17,838
Trading assets (includes $6.6 billion and $336 million pledged to creditors at March 31, 2020 and December 31, 2019, respectively)		29,217	28,452
Securities available-for-sale (includes $7.8 billion and nil pledged to creditors at March 31, 2020 and December 31, 2019, respectively, and an allowance for credit losses of $2 million at March 31, 2020)		40,792	35,663
Securities held-to-maturity, net of allowance for credit losses of $2 million at March 31, 2020 (fair value of $13.4 billion at both March 31, 2020 and December 31, 2019)		12,981	13,293
Loans (includes $37 million designated under fair value option at March 31, 2020)		81,728	68,553
Less – allowance for credit losses		931	637
Loans, net		80,797	67,916
Loans held for sale (includes $206 million and $178 million designated under fair value option at March 31, 2020 and December 31, 2019, respectively)		285	289
Properties and equipment, net		153	177
Goodwill		458	1,242
Other assets, net of allowance for credit losses of $5 million at March 31, 2020		8,272	6,723
Total assets	[1]	205,077	175,375
Domestic deposits:
Noninterest bearing		28,265	24,132
Interest bearing (includes $6.4 billion and $7.2 billion designated under fair value option at March 31, 2020 and December 31, 2019, respectively)		99,724	90,766
Foreign deposits:
Noninterest bearing		189	137
Interest bearing		8,545	4,658
Total deposits		136,723	119,693
Short-term borrowings (includes nil and $373 million designated under fair value option at March 31, 2020 and December 31, 2019, respectively)		17,579	3,659
Long-term debt (includes $8.4 billion and $10.3 billion designated under fair value option at March 31, 2020 and December 31, 2019, respectively)		24,777	26,697
Total debt		179,079	150,049
Trading liabilities		3,923	3,235
Interest, taxes and other liabilities		3,756	3,835
Total liabilities	[1]	186,758	157,119
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both March 31, 2020 and December 31, 2019)		1,265	1,265
Common equity:
Common stock ($5 par; 150,000,000 shares authorized; 714 shares issued and outstanding at both March 31, 2020 and December 31, 2019)		0	0
Additional paid-in capital		15,741	15,736
Retained earnings		335	1,534
Accumulated other comprehensive income (loss)		978	(279)
Total common equity		17,054	16,991
Total equity		18,319	18,256
Total liabilities and equity		$ 205,077	$ 175,375

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at March 31, 2020 and December 31, 2019 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: Loans $39 million and $0 million. Other assets $92 million and $98 million. Total assets $131 million and $98 million respectively. Liabilities: Interest, taxes and other liabilities $32 million and $38 million. Total liabilities $32 million and $38 million, respectively.