CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Assets:
Cash and due from banks		$ 1,447	$ 1,302
Interest bearing deposits with banks		53,607	14,353
Federal funds sold and securities purchased under agreements to resell		3,760	35,746
Trading assets (includes $1.1 billion and $1.3 billion pledged to creditors at March 31, 2021 and December 31, 2020, respectively)		25,822	27,284
Securities available-for-sale (includes amortized cost of $34.5 billion and $39.6 billion at March 31, 2021 and December 31, 2020, respectively, an allowance for credit losses of $1 million at both March 31, 2021 and December 31, 2020, and $2.8 billion and $2.1 billion pledged to creditors at March 31, 2021 and December 31, 2020, respectively)		34,659	40,672
Securities held-to-maturity, net of allowance for credit losses of $2 million at both March 31, 2021 and December 31, 2020 (fair value of $8.2 billion and $9.4 billion at March 31, 2021 and December 31, 2020, respectively)		7,837	8,981
Loans (includes $30 million and $32 million designated under fair value option at March 31, 2021 and December 31, 2020, respectively)		61,526	62,088
Less – allowance for credit losses		853	1,015
Loans, net		60,673	61,073
Loans held for sale (includes $83 million and $36 million designated under fair value option at March 31, 2021 and December 31, 2020, respectively)		351	337
Properties and equipment, net		133	144
Goodwill		458	458
Other assets, net of allowance for credit losses of $2 million at both March 31, 2021 and December 31, 2020, respectively		6,109	6,084
Total assets	[1]	194,856	196,434
Domestic deposits:
Noninterest bearing		36,850	32,428
Interest bearing (includes $3.8 billion and $4.2 billion designated under fair value option at March 31, 2021 and December 31, 2020, respectively)		104,533	107,427
Foreign deposits - interest bearing		7,199	5,295
Total deposits		148,582	145,150
Short-term borrowings		5,243	4,952
Long-term debt (includes $9.9 billion and $10.7 billion designated under fair value option at March 31, 2021 and December 31, 2020, respectively)		18,179	19,979
Total debt		172,004	170,081
Trading liabilities		2,319	5,397
Interest, taxes and other liabilities		2,559	2,665
Total liabilities	[1]	176,882	178,143
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both March 31, 2021 and December 31, 2020)		1,265	1,265
Common equity:
Common stock ($5 par; 150,000,000 shares authorized; 714 shares issued and outstanding at both March 31, 2021 and December 31, 2020)		0	0
Additional paid-in capital		15,743	15,746
Retained earnings		940	601
Accumulated other comprehensive income		26	679
Total common equity		16,709	17,026
Total equity		17,974	18,291
Total liabilities and equity		$ 194,856	$ 196,434

[1] Assets