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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 4,649 $ 5,249
Interest-earning deposits with banks 28,821 28,595
Loans held for sale (a) [1] 965 2,655
Investment securities – available for sale 56,018 57,618
Investment securities – held to maturity 18,544 18,513
Loans (a) [1] 221,614 220,458
Allowance for loan and lease losses (2,604) (2,611)
Net loans 219,010 217,847
Equity investments 12,008 11,392
Mortgage servicing rights 1,979 1,832
Goodwill 9,218 9,173
Other (a) [1] 27,949 27,894
Total assets 379,161 380,768
Deposits    
Noninterest-bearing 78,303 79,864
Interest-bearing 186,401 185,189
Total deposits 264,704 265,053
Borrowed funds    
Federal Home Loan Bank borrowings 19,537 21,037
Bank notes and senior debt 28,773 28,062
Subordinated debt 5,121 5,200
Other (c) [2] 4,608 4,789
Total borrowed funds 58,039 59,088
Allowance for unfunded loan commitments and letters of credit 290 297
Accrued expenses and other liabilities 9,093 8,745
Total liabilities 332,126 333,183
Equity    
Preferred stock (d) [3]  
Common stock ($5 par value, Authorized 800 shares, issued 542 shares) 2,710 2,710
Capital surplus 16,227 16,374
Retained earnings 36,266 35,481
Accumulated other comprehensive income (loss) (699) (148)
Common stock held in treasury at cost: 72 and 69 shares (7,535) (6,904)
Total shareholders’ equity 46,969 47,513
Noncontrolling interests 66 72
Total equity 47,035 47,585
Total liabilities and equity $ 379,161 $ 380,768
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $.9 billion, Loans of $.8 billion and Other assets of $.3 billion at March 31, 2018 and Loans held for sale of $1.7 billion, Loans of $.9 billion and Other assets of $.3 billion at December 31, 2017.
[2] Our consolidated liabilities at both March 31, 2018 and December 31, 2017 included Other borrowed funds of $.1 billion for which we have elected the fair value option.
[3] Par value less than $.5 million at each date.