CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Assets pledged to creditors, trading assets		$ 1,773	$ 1,265
Amortized Cost		35,356	39,636
Securities available-for-sale, allowance for credit losses		1	1
Securities held-to-maturity, allowance for credit losses		1	2
Fair Value		5,359	9,369
Loans, designated under fair value option		0	32
Loans held-for-sale, designated under fair value option		48	36
Loans held for sale	[1]	4,217	337
Other assets, allowance for credit losses		$ 1	$ 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	[1]	$ 55,864	$ 62,088
Other assets	[1]	5,439	6,084
Total assets	[1]	189,232	196,434
Liabilities:
Interest, taxes and other liabilities	[1]	2,411	2,665
Total liabilities	[1]	172,192	178,143
Variable interest entities
Assets:
Loans		46	10
Other assets		55	79
Total assets		101	89
Liabilities:
Interest, taxes and other liabilities		9	10
Total liabilities		9	10
Retail Branches Sold
Loans held for sale		2,441
Student Loans
Loans, designated under fair value option		25	32
Commercial loans held for sale
Loans held-for-sale, designated under fair value option		23	36
Deposits
Deposits designated under fair value option		2,700	4,200
Fixed rate long-term debt
Long-term debt designated under fair value option		8,900	10,700
Trading assets
Assets pledged to creditors, trading assets		1,749	1,265
Securities available-for-sale ("AFS")
Assets pledged to creditors, securities-available-for-sale		$ 2,410	$ 2,077

[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