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CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Assets pledged to creditors, trading assets $ 1,943,000,000 $ 1,773,000,000
Amortized Cost 35,127,000,000 35,356,000,000
Securities available-for-sale, allowance for credit losses 0 1,000,000
Securities held-to-maturity, allowance for credit losses 1,000,000 1,000,000
Fair Value 4,758,000,000 5,359,000,000
Loans held-for-sale, designated under fair value option 144,000,000 48,000,000
Loans held for sale [1] 948,000,000 4,217,000,000
Other assets, allowance for credit losses $ 1,000,000 $ 1,000,000
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] $ 58,610,000,000 $ 55,864,000,000
Other assets [1] 7,693,000,000 5,439,000,000
Total assets [1] 177,016,000,000 189,232,000,000
Liabilities:    
Interest, taxes and other liabilities [1] 2,947,000,000 2,411,000,000
Total liabilities [1] 160,943,000,000 172,192,000,000
Variable interest entities    
Assets:    
Loans 128,000,000 46,000,000
Other assets 51,000,000 55,000,000
Total assets 179,000,000 101,000,000
Liabilities:    
Interest, taxes and other liabilities 31,000,000 9,000,000
Total liabilities 31,000,000 9,000,000
Retail Branches Sold    
Loans held for sale   2,441,000,000
Deposits    
Deposits designated under fair value option 2,400,000,000 2,700,000,000
Fixed rate long-term debt    
Long-term debt designated under fair value option 7,700,000,000 8,900,000,000
Trading assets    
Assets pledged to creditors, trading assets 1,943,000,000 1,749,000,000
Securities available-for-sale ("AFS")    
Assets pledged to creditors, securities-available-for-sale $ 3,359,000,000 $ 2,410,000,000
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at March 31, 2022 and December 31, 2021. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 17, "Variable Interest Entities," for additional information.
March 31, 2022December 31, 2021
(in millions)
Assets
Loans$128 $46 
Other assets51 55 
Total assets$179 $101 
Liabilities
Interest, taxes and other liabilities$31 $
Total liabilities$31 $