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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Securities:    
Held-to-maturity (including allowance for credit losses of less than $1 at March 31, 2020; fair value of $38,418 and $34,805) $ 37,305 $ 34,483
Available-for-sale (including allowance for credit losses of $15 at March 31, 2020; amortized cost of $99,503 and $87,435) 101,968 88,550
Goodwill 17,240 17,386
Intangible assets 3,070 3,107
Other assets (including allowance for credit losses on accounts receivable of $4 at March 31, 2020, also includes $527 and $419, at fair value) 27,446 20,221
Total assets 468,155 381,508
Deposits:    
Total liabilities 426,776 339,780
Temporary equity    
Redeemable noncontrolling interests 140 143
Permanent equity    
Preferred stock – par value $0.01 per share; authorized 100,000,000 shares; issued 35,826 and 35,826 shares 3,542 3,542
Common stock – par value $0.01 per share; authorized 3,500,000,000 shares; issued 1,380,881,570 and 1,374,443,376 shares 14 14
Additional paid-in capital 27,644 27,515
Retained earnings 32,601 31,894
Accumulated other comprehensive loss, net of tax (2,827) (2,638)
Less: Treasury stock of 495,438,749 and 473,760,338 common shares, at cost (19,829) (18,844)
Total The Bank of New York Mellon Corporation shareholders’ equity 41,145 41,483
Nonredeemable noncontrolling interests of consolidated investment management funds 94 102
Total permanent equity [1] 41,239 41,585 [2]
Total liabilities, temporary equity and permanent equity 468,155 381,508
Investment Management funds    
Securities:    
Trading assets 215 229
Assets of consolidated investment management funds, at fair value 229 245
Deposits:    
Liabilities of consolidated investment management funds, at fair value 1 1
Operating segments    
Assets    
Cash and due from banks (including allowance for credit losses of $3 at March 31, 2020) [3] 5,091 4,830
Interest-bearing deposits with the Federal Reserve and other central banks 146,535 95,042
Interest-bearing deposits with banks (including allowance for credit losses of $1 at March 31, 2020; $4,714 and $2,437 is restricted) [3] 22,672 14,811
Federal funds sold and securities purchased under resale agreements (including allowance for credit losses of $(18) at March 31, 2020) 27,363 30,182
Securities:    
Held-to-maturity (including allowance for credit losses of less than $1 at March 31, 2020; fair value of $38,418 and $34,805) [3] 37,305 34,483
Available-for-sale (including allowance for credit losses of $15 at March 31, 2020; amortized cost of $99,503 and $87,435) [3] 101,968 88,550
Total securities 139,273 123,033
Trading assets 12,918 13,571
Loans 62,368 54,953
Allowance for credit losses [3] (140) (122)
Net loans 62,228 54,831
Premises and equipment 3,514 3,625
Accrued interest receivable 576 624
Goodwill 17,240 17,386
Intangible assets 3,070 3,107
Other assets (including allowance for credit losses on accounts receivable of $4 at March 31, 2020, also includes $527 and $419, at fair value) [3] 27,446 20,221
Total assets 467,926 381,263
Deposits:    
Noninterest-bearing (principally U.S. offices) 96,600 57,630
Interest-bearing deposits in U.S. offices 118,466 101,542
Interest-bearing deposits in non-U.S. offices 121,651 100,294
Total deposits 336,717 259,466
Federal funds purchased and securities sold under repurchase agreements 13,128 11,401
Trading liabilities 6,625 4,841
Payables to customers and broker-dealers 24,016 18,758
Commercial paper 1,121 3,959
Other borrowed funds 1,544 599
Accrued taxes and other expenses 4,705 5,642
Other liabilities (including allowance for credit losses on lending-related commitments of $148 and $94, also includes $973 and $607, at fair value) [3] 11,425 7,612
Long-term debt (includes $397 and $387, at fair value) 27,494 27,501
Total liabilities 426,775 339,779
Operating segments | Investment Management funds    
Securities:    
Assets of consolidated investment management funds, at fair value 229 245
Deposits:    
Liabilities of consolidated investment management funds, at fair value $ 1 $ 1
[1]
Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,941 million at Dec. 31, 2019 and $37,603 million at March 31, 2020.

[2]
Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $37,578 million at Sept. 30, 2019 and $37,941 million at Dec. 31, 2019.
[3]
In the first quarter of 2020, we adopted new accounting guidance included in ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses On Financial Instruments, on a prospective basis. See Note 2 of the Notes to Consolidated Financial Statements for additional information.