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CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets pledged to creditors, trading assets [1] $ 1,115 $ 1,265
Securities available-for-sale, amortized cost 34,461 39,636
Securities available-for-sale, allowance for credit losses [2] 1 1
Securities held-to-maturity, allowance for credit losses [2] 2 2
Securities held-to-maturity, fair value 8,166 9,369
Other assets, allowance for credit losses [3] $ 2 $ 2
Preferred stock, par value (usd per share) $ 0 $ 0
Preferred stock, shares authorized (shares) 40,999,000 40,999,000
Preferred stock, shares issued (shares) 1,265 1,265
Preferred stock, shares outstanding (shares) 1,265 1,265
Common stock, par value (usd per share) $ 5 $ 5
Common stock, shares authorized (shares) 150,000,000 150,000,000
Common stock, shares issued (shares) 714 714
Common stock, shares outstanding (shares) 714 714
Assets:    
Loans $ 61,526 $ 62,088
Other Assets 6,109 6,084
Total assets [4] 194,856 196,434
Liabilities:    
Interest, taxes and other liabilities 2,559 2,665
Total liabilities [4] 176,882 178,143
Student Loan [Member]    
Loans, designated under fair value option 30 32
Loans Held For Sale [Member]    
Loans Held-for-sale, designated under fair value option 83 36
Deposits [Member]    
Deposits designated under fair value option 3,800 4,200
Long-term debt [Member]    
Long-term debt designated under fair value option 9,900 10,700
Trading assets [Member]    
Assets pledged to creditors, trading assets 1,115 1,265
Securities available-for-sale [Member]    
Assets pledged to creditors, securities-available-for-sale 2,821 2,077
Variable interest entities [Member]    
Assets:    
Loans 8 10
Other Assets 75 79
Total assets 83 89
Liabilities:    
Interest, taxes and other liabilities 5 10
Total liabilities $ 5 $ 10
[1] Trading assets are primarily pledged against liabilities associated with repurchase agreements.
[2] See Note 4, "Securities," for additional information regarding the allowance for credit losses associated with our security portfolios.
[3] Primarily includes accrued interest receivables and customer acceptances.
[4] Assets