Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 1,045 $ 1,108
Interest-bearing deposits at Federal Reserve Bank 125 1,564
Interest-bearing deposits in banks 102 53
Trading account securities 99 105
Available-for-sale securities 14,149 13,780
Held-to-maturity securities 9,070 8,565
Other securities 441 565
Loans held for sale (includes $781 and $613 respectively, measured at fair value)(1) 877 804
Loans and leases (includes $81 and $79 respectively, measured at fair value)(1) 75,404 74,900
Allowance for loan and lease losses (783) (772)
Net loans and leases 74,621 74,128
Bank owned life insurance 2,542 2,507
Premises and equipment 763 790
Goodwill 1,990 1,989
Servicing rights and other intangible assets 475 535
Other assets 2,703 2,288
Total assets 109,002 108,781
Deposits:    
Demand deposits—noninterest-bearing (includes $210 classified as held-for-sale at December 31, 2018) 20,247 21,783
Interest-bearing (includes $662 classified as held-for-sale at December 31, 2018) 62,100 62,991
Total Deposits 82,347 84,774
Short-term borrowings 2,606 2,017
Long-term debt 9,849 8,625
Other liabilities 2,405 2,263
Total liabilities 97,207 97,679
Commitments and contingencies (Note 21)  
Shareholders’ equity    
Preferred stock 1,203 1,203
Common stock 10 11
Capital surplus 8,806 9,181
Less treasury shares, at cost (56) (45)
Accumulated other comprehensive loss (256) (609)
Retained earnings 2,088 1,361
Total shareholders’ equity 11,795 11,102
Total liabilities and shareholders’ equity $ 109,002 $ 108,781
Common shares authorized (par value of $0.01) (in shares) 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,020,003,482 1,046,767,252
Treasury shares outstanding (in shares) 4,537,605 3,817,385
Preferred Stock, authorized shares 6,617,808 6,617,808
Preferred shares outstanding (in shares) 740,500 740,500