CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Assets:
Cash and due from banks		$ 1,266	$ 1,744
Interest bearing deposits with banks		17,734	2,038
Federal funds sold and securities purchased under agreements to resell		29,255	17,838
Trading assets (includes $2.8 billion and $336 million pledged to creditors at June 30, 2020 and December 31, 2019, respectively)		32,409	28,452
Securities available-for-sale (includes $1.7 billion and nil pledged to creditors at June 30, 2020 and December 31, 2019, respectively, and an allowance for credit losses of $3 million at June 30, 2020)		41,668	35,663
Securities held-to-maturity, net of allowance for credit losses of $2 million at June 30, 2020 (fair value of $12.1 billion and $13.4 billion at June 30, 2020 and December 31, 2019, respectively)		11,635	13,293
Loans (includes $35 million designated under fair value option at June 30, 2020)		72,468	68,553
Less – allowance for credit losses		1,192	637
Loans, net		71,276	67,916
Loans held for sale (includes $45 million and $178 million designated under fair value option at June 30, 2020 and December 31, 2019, respectively)		147	289
Properties and equipment, net		148	177
Goodwill		458	1,242
Other assets, net of allowance for credit losses of $4 million at June 30, 2020		6,866	6,723
Total assets	[1]	212,862	175,375
Domestic deposits:
Noninterest bearing		30,902	24,132
Interest bearing (includes $5.4 billion and $7.2 billion designated under fair value option at June 30, 2020 and December 31, 2019, respectively)		117,015	90,766
Foreign deposits:
Noninterest bearing		175	137
Interest bearing		7,941	4,658
Total deposits		156,033	119,693
Short-term borrowings (includes nil and $373 million designated under fair value option at June 30, 2020 and December 31, 2019, respectively)		6,102	3,659
Long-term debt (includes $9.3 billion and $10.3 billion designated under fair value option at June 30, 2020 and December 31, 2019, respectively)		25,746	26,697
Total debt		187,881	150,049
Trading liabilities		3,218	3,235
Interest, taxes and other liabilities		3,619	3,835
Total liabilities	[1]	194,718	157,119
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both June 30, 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 June 30, 2020 and December 31, 2019)		0	0
Additional paid-in capital		15,746	15,736
Retained earnings		303	1,534
Accumulated other comprehensive income (loss)		830	(279)
Total common equity		16,879	16,991
Total equity		18,144	18,256
Total liabilities and equity		$ 212,862	$ 175,375

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at June 30, 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 $86 million and $98 million. Total assets $125 million and $98 million respectively. Liabilities: Interest, taxes and other liabilities $23 million and $38 million. Total liabilities $23 million and $38 million, respectively.