CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash and due from banks	[1]	$ 954	$ 1,302
Interest bearing deposits with banks	[1]	47,400	14,353
Federal funds sold and securities purchased under agreements to resell	[1]	10,514	35,746
Trading assets (includes $1.7 billion and $1.3 billion pledged to creditors at December 31, 2021 and 2020, respectively)	[1]	24,043	27,284
Securities available-for-sale (includes amortized cost of $35.4 billion and $39.6 billion at December 31, 2021 and 2020, respectively, an allowance for credit losses of $1 million at both December 31, 2021 and 2020, and $2.4 billion and $2.1 billion pledged to creditors at December 31, 2021 and 2020, respectively)	[1]	35,298	40,672
Securities held-to-maturity, net of allowance for credit losses of $1 million and $2 million at December 31, 2021 and 2020, respectively (fair value of $5.4 billion and $9.4 billion at December 31, 2021 and 2020, respectively)	[1]	5,203	8,981
Loans (includes nil and $32 million designated under fair value option at December 31, 2021 and 2020, respectively)	[1]	55,864	62,088
Less – allowance for credit losses	[1]	447	1,015
Loans, net	[1]	55,417	61,073
Loans held for sale (includes $48 million and $36 million designated under fair value option at December 31, 2021 and 2020, respectively, and $2,441 million related to branch disposal group held for sale at December 31, 2021)	[1]	4,217	337
Properties and equipment, net	[1]	40	144
Goodwill	[1]	458	458
Other branch related assets held for sale	[1]	249	0
Other assets, net of allowance for credit losses of $1 million and $2 million at December 31, 2021 and 2020, respectively	[1]	5,439	6,084
Total assets	[1]	189,232	196,434
Domestic deposits:
Noninterest bearing	[1]	40,333	32,428
Interest bearing (includes $2.7 billion and $4.2 billion designated under fair value option at December 31, 2021 and 2020, respectively)	[1]	89,122	107,427
Foreign deposits - interest bearing	[1]	4,827	5,295
Deposits held for sale		8,750	0	[1]
Total deposits		143,032	145,150
Short-term borrowings	[1]	6,338	4,952
Long-term debt (includes $8.9 billion and $10.7 billion designated under fair value option at December 31, 2021 and 2020, respectively)	[1]	17,236	19,979
Total debt	[1]	166,606	170,081
Trading liabilities	[1]	3,023	5,397
Other branch related liabilities held for sale	[1]	152	0
Interest, taxes and other liabilities	[1]	2,411	2,665
Total liabilities	[1]	172,192	178,143
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both December 31, 2021 and 2020)		1,265	1,265
Common equity:
Common stock ($5 par value; 150,000,000 shares authorized; 714 shares issued and outstanding at both December 31, 2021 and 2020)		0	0
Additional paid-in capital		14,742	15,746
Retained earnings		1,212	601
Accumulated other comprehensive income (loss)		(179)	679
Total common equity		15,775	17,026
Total equity		17,040	18,291
Total liabilities and equity		$ 189,232	$ 196,434

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at December 31, 2021 and 2020. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 27, "Variable Interest Entities," for additional information. At December 31,20212020(in millions)AssetsLoans$46 $10 Other assets55 79 Total assets$101 $89 LiabilitiesInterest, taxes and other liabilities$9 $10 Total liabilities$9 $10