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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
ASSETS:    
Cash and due from banks $ 1,155 $ 1,175
Interest-bearing cash and due from banks 2,903 2,211
Interest-bearing deposits in banks 280 297
Debt securities available for sale, at fair value (including $491 and $359 pledged to creditors, respectively) [1] 22,307 20,613
Debt securities held to maturity (fair value of $3,219 and $3,242 respectively, and including $204 and $249 pledged to creditors, respectively) (1) [1] 3,071 3,202
Equity investment securities, at fair value 47 47
Equity investment securities, at cost 927 807
Loans held for sale, at fair value 2,911 1,946
Other loans held for sale 350 1,384
Loans and leases 127,528 119,088
Less: Allowance for loan and lease losses (2,171) (1,252)
Net loans and leases 125,357 117,836
Derivative assets 1,968 807
Premises and equipment, net 746 761
Bank-owned life insurance 1,736 1,725
Goodwill 7,050 7,044
Other assets 5,911 5,878
TOTAL ASSETS 176,719 165,733
Deposits:    
Noninterest-bearing 32,398 29,233
Interest-bearing 101,077 96,080
Total deposits 133,475 125,313
Short-term borrowed funds 1,059 274
Derivative liabilities 234 120
Deferred taxes, net 782 866
Long-term borrowed funds 16,437 14,047
Other liabilities 2,782 2,912
TOTAL LIABILITIES 154,769 143,532
Contingencies (refer to Note 12)
Preferred stock, $25.00 par value, authorized 100,000,000 shares:    
$25.00 par value,100,000,000 shares authorized; 1,600,000 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1,570 1,570
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 569,252,835 shares issued and 426,586,533 shares outstanding at March 31, 2020 and 568,238,730 shares issued and 433,121,083 shares outstanding at December 31, 2019 6 6
Additional paid-in capital 18,901 18,891
Retained earnings 6,011 6,498
Treasury stock, at cost, 142,666,302 and 135,117,647 shares at March 31, 2020 and December 31, 2019, respectively (4,623) (4,353)
Accumulated other comprehensive income (loss) 85 (411)
TOTAL STOCKHOLDERS’ EQUITY 21,950 22,201
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 176,719 $ 165,733
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.