Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 1,108 $ 1,212
Interest-bearing deposits at Federal Reserve Bank 1,564 308
Interest-bearing deposits in banks 53 47
Trading account securities 105 86
Debt Securities, Available-for-sale 13,780 14,869
Debt Securities, Held-to-maturity 8,565 9,091
Equity Securities, FV-NI 565 600
Loans held for sale (includes $613 and $413 respectively, measured at fair value)(1) 804 488
Loans and leases (includes $79 and $93 respectively, measured at fair value)(1) 74,900 70,117
Allowance for loan and lease losses (772) (691)
Net loans and leases 74,128 69,426
Bank owned life insurance 2,507 2,466
Premises and equipment 790 864
Goodwill 1,989 1,993
Other Intangible Assets, Net 535 584
Other assets 2,288 2,151
Total assets 108,781 104,185
Deposits in domestic offices    
Demand deposits—noninterest-bearing (includes $210 classified as held-for-sale at December 31, 2018) 21,783 21,546
Interest-bearing (includes $662 classified as held-for-sale at December 31, 2018) 62,991 55,495
Deposits 84,774 77,041
Short-term borrowings 2,017 5,056
Long-term debt 8,625 9,206
Other liabilities 2,263 2,068
Total liabilities 97,679 93,371
Commitments and contingencies  
Shareholders’ equity    
Preferred stock 1,203 1,071
Common stock 11 11
Capital surplus 9,181 9,707
Less treasury shares, at cost (45) (35)
Accumulated other comprehensive loss (609) (528)
Retained earnings 1,361 588
Total shareholders’ equity 11,102 10,814
Total liabilities and shareholders’ equity $ 108,781 $ 104,185
Common shares authorized (par value of $0.01) (in shares) 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,046,767,252 1,072,026,681
Treasury shares outstanding (in shares) 3,817,385 3,268,265
Preferred Stock, Shares Authorized 6,617,808 6,617,808
Preferred shares outstanding (in shares) 740,500 1,098,006