Consolidated Balance Sheet - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks		$ 6,338	$ 5,061
Interest-earning deposits with banks		50,233	23,413
Loans held for sale	[1]	1,443	1,083
Asset held for sale (b)	[2]		8,558
Investment securities – available for sale		97,052	69,163
Investment securities – held to maturity		1,441	17,661
Loans	[1]	258,236	239,843
Allowance for loan and lease losses (c)	[3]	(5,928)	(2,742)
Net loans		252,308	237,101
Equity investments		4,943	5,176
Mortgage servicing rights		1,067	1,644
Goodwill		9,233	9,233
Other	[1]	34,920	32,202
Total assets		458,978	410,295
Deposits
Noninterest-bearing		99,458	72,779
Interest-bearing		246,539	215,761
Total deposits		345,997	288,540
Borrowed funds
Federal Home Loan Bank borrowings		8,500	16,341
Bank notes and senior debt		27,704	29,010
Subordinated debt		6,500	6,134
Other	[4]	4,322	8,778
Total borrowed funds		47,026	60,263
Allowance for unfunded lending related commitments (c)	[3]	662	318
Accrued expenses and other liabilities		12,345	11,831
Total liabilities		406,030	360,952
Equity
Preferred stock	[5]
Common stock ($5 par value, Authorized 800 shares, issued 542 shares)		2,712	2,712
Capital surplus		16,284	16,369
Retained earnings		44,986	42,215
Accumulated other comprehensive income		3,069	799
Common stock held in treasury at cost: 117 and 109 shares		(14,128)	(12,781)
Total shareholders’ equity		52,923	49,314
Noncontrolling interests		25	29
Total equity		52,948	49,343
Total liabilities and equity		$ 458,978	$ 410,295

[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.2 billion, Loans of $1.0 billion and Other assets of $.1 billion at June 30, 2020 and Loans held for sale of $1.1 billion, Loans of $.7 billion and Other assets of $.1 billion at December 31, 2019.

[2] Represents our held for sale investment in BlackRock. In the second quarter of 2020, PNC divested its entire investment in BlackRock. See Note 2 Discontinued Operations for additional information. Prior period BlackRock investment balances have been reclassified to the Asset held for sale line in accordance with ASC 205-20, Presentation of Financial Statements - Discontinued Operations. Refer to Note 1 Accounting Policies and Note 2 Discontinued Operations for additional details.

[3] Amount as of June 30, 2020 reflects the impact of adopting Accounting Standards Update 2016-13, Financial Instruments - Credit Losses, which is commonly referred to as the Current Expected Credit Losses (CECL) standard and our transition from an incurred loss methodology for these reserves to an expected credit loss methodology. Refer to Note 1 Accounting Policies in this Report for additional detail on the adoption of this standard

[4] Our consolidated liabilities at June 30, 2020 and December 31, 2019 included Other borrowed funds of less than $.1 billion and $.1 billion, respectively, for which we have elected the fair value option.

[5] Par value less than $.5 million at each date.