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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 716 $ 657
Money market investments:    
Interest-bearing deposits 1,488 1,340
Federal funds sold and securities purchased under agreements to resell 937 2,426
Investment securities:    
Total debt securities 10,382 11,126
Available-for-sale, at fair value 10,300 11,915
Trading account, at fair value 48 465
Total investment securities 20,730 23,506
Loans held for sale 53 8
Loans, net of allowance    
Loans and leases, net of unearned income and fees 57,779 55,653
Less allowance for loan and lease losses 684 575
Loans, net of allowance 57,095 55,078
Other noninterest-bearing investments 950 1,130
Premises, equipment and software, net 1,400 1,408
Goodwill and intangibles 1,059 1,065
Other real estate owned 6 3
Other assets 2,769 2,924
Total assets 87,203 89,545
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing demand 26,244 35,777
Interest-bearing:    
Savings and money market 38,721 33,566
Time 9,996 2,309
Total deposits 74,961 71,652
Federal funds and other short-term borrowings 4,379 10,417
Long-term debt 542 651
Reserve for unfunded lending commitments 45 61
Other liabilities 1,585 1,871
Total liabilities 81,512 84,652
Shareholders’ equity:    
Preferred stock, without par value; authorized 4,400 shares 440 440
Common stock ($0.001 par value; authorized 350,000 shares; issued and outstanding 148,153 and 148,664 shares and additional paid-in capital) 1,731 1,754
Retained earnings 6,212 5,811
Accumulated other comprehensive income (2,692) (3,112)
Total shareholders’ equity 5,691 4,893
Total liabilities and shareholders’ equity $ 87,203 $ 89,545