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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 6,548 $ 8,004
Interest-earning deposits with banks 40,278 74,250
Loans held for sale [1] 1,126 2,231
Investment securities – available for sale 45,798 131,536
Investment securities – held to maturity 90,653 1,426
Loans [1] 315,400 288,372
Allowance for loan and lease losses (4,581) (4,868)
Net loans 310,819 283,504
Equity investments 8,130 8,180
Mortgage servicing rights 3,206 1,818
Goodwill 10,987 10,916
Other [1] 41,932 35,326
Total assets 559,477 557,191
Deposits    
Noninterest-bearing 138,423 155,175
Interest-bearing 299,771 302,103
Total deposits 438,194 457,278
Borrowed funds    
Federal Home Loan Bank borrowings 30,075
Bank notes and senior debt 13,357 20,661
Subordinated debt 7,286 6,996
Other [2] 3,915 3,127
Total borrowed funds 54,633 30,784
Allowance for unfunded lending related commitments 682 662
Accrued expenses and other liabilities 19,245 12,741
Total liabilities 512,754 501,465
Equity    
Preferred stock [3]
Common stock ($5 par value, Authorized 800 shares, issued 543 shares) 2,714 2,713
Capital surplus 19,810 17,457
Retained earnings 52,777 50,228
Accumulated other comprehensive income (loss) (10,486) 409
Common stock held in treasury at cost: 139 and 123 shares (18,127) (15,112)
Total shareholders’ equity 46,688 55,695
Noncontrolling interests 35 31
Total equity 46,723 55,726
Total liabilities and equity $ 559,477 $ 557,191
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.1 billion, Loans held for investment of $1.3 billion and Other assets of $0.1 billion at September 30, 2022. Comparable amounts at December 31, 2021 were $1.9 billion, $1.5 billion and $0.1 billion, respectively.
[2] Our consolidated liabilities included the following for which we have elected the fair value option: Other borrowed funds of less than $0.1 billion and Other liabilities of $0.2 billion at September 30, 2022. Comparable amounts at December 31, 2021 were less than $0.1 billion and zero.
[3] Par value less than $0.5 million at each date.