Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 1,319 $ 1,045
Interest-bearing deposits at Federal Reserve Bank 5,276 125
Interest-bearing deposits in banks 117 102
Trading account securities 62 99
Available-for-sale securities 16,485 14,149
Held-to-maturity securities 8,861 9,070
Other securities 418 441
Loans held for sale (includes $1,198 and $781 respectively, measured at fair value)(1) 1,275 877
Loans and leases (includes $94 and $81 respectively, measured at fair value)(1) 81,608 75,404
Allowance for loan and lease losses (1,814) (783)
Net loans and leases 79,794 74,621
Bank owned life insurance 2,577 2,542
Premises and equipment 757 763
Goodwill 1,990 1,990
Servicing rights and other intangible assets 428 475
Other assets 3,679 2,703
Total assets 123,038 109,002
Deposits:    
Demand deposits—noninterest-bearing 28,553 20,247
Interest-bearing 70,395 62,100
Total Deposits 98,948 82,347
Short-term borrowings 183 2,606
Long-term debt 8,352 9,849
Other liabilities 2,562 2,405
Total liabilities 110,045 97,207
Commitments and Contingent Liabilities (Note 23)  
Shareholders’ equity    
Preferred stock 2,191 1,203
Common stock 10 10
Capital surplus 8,781 8,806
Less treasury shares, at cost (59) (56)
Accumulated other comprehensive loss 192 (256)
Retained earnings 1,878 2,088
Total shareholders’ equity 12,993 11,795
Total liabilities and shareholders’ equity $ 123,038 $ 109,002
Common shares authorized (par value of $0.01) (in shares) 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,017,196,776 1,020,003,482
Treasury shares outstanding (in shares) 5,062,054 4,537,605
Preferred Stock, authorized shares 6,617,808 6,617,808
Preferred shares outstanding (in shares) 750,500 740,500