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CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 1,018 $ 1,302
Interest bearing deposits with banks 62,140 14,353
Federal funds sold and securities purchased under agreements to resell 7,480 35,746
Trading assets (includes $2.1 billion and $1.3 billion pledged to creditors at September 30, 2021 and December 31, 2020, respectively) 21,985 27,284
Securities available-for-sale (includes amortized cost of $36.4 billion and $39.6 billion at September 30, 2021 and December 31, 2020, respectively, an allowance for credit losses of $1 million at both September 30, 2021 and December 31, 2020, and $2.2 billion and $2.1 billion pledged to creditors at September 30, 2021 and December 31, 2020, respectively) 36,507 40,672
Securities held-to-maturity, net of allowance for credit losses of $1 million and $2 million at September 30, 2021 and December 31, 2020, respectively (fair value of $6.1 billion and $9.4 billion at September 30, 2021 and December 31, 2020, respectively) 5,866 8,981
Loans (includes $27 million and $32 million designated under fair value option at September 30, 2021 and December 31, 2020, respectively) 55,526 62,088
Less – allowance for credit losses 475 1,015
Loans, net 55,051 61,073
Loans held for sale (includes $63 million and $36 million designated under fair value option at September 30, 2021 and December 31, 2020, respectively, and $2,610 million related to branch disposal group held for sale at September 30, 2021) 4,927 337
Properties and equipment, net 65 144
Goodwill 458 458
Other branch related assets held for sale 244 0
Other assets, net of allowance for credit losses of $2 million at both September 30, 2021 and December 31, 2020 5,409 6,084
Total assets [1] 201,150 196,434
Domestic deposits:    
Noninterest bearing 43,228 32,428
Interest bearing (includes $3.0 billion and $4.2 billion designated under fair value option at September 30, 2021 and December 31, 2020, respectively) 92,588 107,427
Foreign deposits - interest bearing 7,231 5,295
Deposits held for sale 9,321 0
Total deposits 152,368 145,150
Short-term borrowings 6,377 4,952
Long-term debt (includes $9.7 billion and $10.7 billion designated under fair value option at September 30, 2021 and December 31, 2020, respectively) 18,105 19,979
Total debt 176,850 170,081
Trading liabilities 2,670 5,397
Other branch related liabilities held for sale 160 0
Interest, taxes and other liabilities 3,233 2,665
Total liabilities [1] 182,913 178,143
Equity    
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both September 30, 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 September 30, 2021 and December 31, 2020) 0 0
Additional paid-in capital 15,743 15,746
Retained earnings 1,232 601
Accumulated other comprehensive income (loss) (3) 679
Total common equity 16,972 17,026
Total equity 18,237 18,291
Total liabilities and equity 201,150 196,434
Other assets, allowance for credit losses [2] $ 2 $ 2
[1] Assets
[2] Primarily includes accrued interest receivables and customer acceptances.