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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 7,572 $ 8,004
Interest-earning deposits with banks 48,776 74,250
Loans held for sale [1] 1,506 2,231
Investment securities – available for sale 112,313 131,536
Investment securities – held to maturity 20,098 1,426
Loans [1] 294,457 288,372
Allowance for loan and lease losses (4,558) (4,868)
Net loans 289,899 283,504
Equity investments 7,798 8,180
Mortgage servicing rights 2,208 1,818
Goodwill 10,916 10,916
Other [1] 40,160 35,326
Total assets 541,246 557,191
Deposits    
Noninterest-bearing 150,798 155,175
Interest-bearing 299,399 302,103
Total deposits 450,197 457,278
Borrowed funds    
Federal Home Loan Bank borrowings
Bank notes and senior debt 16,206 20,661
Subordinated debt 6,766 6,996
Other [2] 3,599 3,127
Total borrowed funds 26,571 30,784
Allowance for unfunded lending related commitments 639 662
Accrued expenses and other liabilities 14,623 12,741
Total liabilities 492,030 501,465
Equity    
Preferred stock [3]
Common stock ($5 par value, Authorized 800 shares, issued 543 shares) 2,713 2,713
Capital surplus 17,487 17,457
Retained earnings 51,058 50,228
Accumulated other comprehensive income (loss) (5,731) 409
Common stock held in treasury at cost: 128 and 123 shares (16,346) (15,112)
Total shareholders’ equity 49,181 55,695
Noncontrolling interests 35 31
Total equity 49,216 55,726
Total liabilities and equity $ 541,246 $ 557,191
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.3 billion, Loans held for investment of $1.4 billion and Other assets of $0.1 billion at March 31, 2022. Comparable amounts at December 31, 2021 were $1.9 billion, $1.5 billion and $0.1 billion, respectively.
[2] Our consolidated liabilities included Other borrowed funds of less than $0.1 billion at both March 31, 2022 and December 31, 2021, for which we have elected the fair value option.
[3] Par value less than $0.5 million at each date.