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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 5,062 $ 5,608
Interest-earning deposits with banks 15,261 10,893
Loans held for sale [1] 686 994
Investment securities – available for sale 65,051 63,389
Investment securities – held to maturity 18,818 19,312
Loans [1] 232,293 226,245
Allowance for loan and lease losses (2,692) (2,629)
Net loans 229,601 223,616
Equity investments [2] 12,567 12,894
Mortgage servicing rights 1,800 2,000
Goodwill 9,218 9,218
Other [1] 34,761 34,408
Total assets 392,837 382,315
Deposits    
Noninterest-bearing 71,606 73,960
Interest-bearing 199,615 193,879
Total deposits 271,221 267,839
Borrowed funds    
Federal Home Loan Bank borrowings 20,501 21,501
Bank notes and senior debt 25,598 25,018
Subordinated debt 5,977 5,895
Other [3] 7,784 5,005
Total borrowed funds 59,860 57,419
Allowance for unfunded loan commitments and letters of credit 279 285
Accrued expenses and other liabilities 12,902 9,002
Total liabilities 344,262 334,545
Equity    
Common stock ($5 par value, Authorized 800 shares, issued 542 shares) 2,711 2,711
Capital surplus 16,173 16,277
Retained earnings 39,742 38,919
Accumulated other comprehensive income (loss) (5) (725)
Common stock held in treasury at cost: 90 and 85 shares (10,085) (9,454)
Total shareholders’ equity 48,536 47,728
Noncontrolling interests 39 42
Total equity 48,575 47,770
Total liabilities and equity $ 392,837 $ 382,315
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $.6 billion, Loans of $.8 billion and Other assets of $.1 billion at March 31, 2019 and Loans held for sale of $.9 billion, Loans of $.8 billion and Other assets of $.2 billion at December 31, 2018.
[2] Amounts include our equity interest in BlackRock.
[3] Our consolidated liabilities at both March 31, 2019 and December 31, 2018 included Other borrowed funds of $.1 billion for which we have elected the fair value option.