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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
ASSETS:    
Cash and due from banks $ 1,088 $ 1,175
Interest-bearing cash and due from banks 6,358 2,211
Interest-bearing deposits in banks 475 297
Debt securities available for sale, at fair value (including $688 and $359 pledged to creditors, respectively) [1] 22,144 20,613
Debt securities held to maturity (fair value of $3,009 and $3,242 respectively, and including $172 and $249 pledged to creditors, respectively) [1] 2,856 3,202
Equity investment securities, at fair value 50 47
Equity investment securities, at cost 607 807
Loans held for sale, at fair value 3,631 1,946
Other loans held for sale 1,362 1,384
Loans and leases 125,713 119,088
Less: Allowance for loan and lease losses (2,448) (1,252)
Net loans and leases 123,265 117,836
Derivative assets 2,069 807
Premises and equipment, net 751 761
Bank-owned life insurance 1,739 1,725
Goodwill 7,050 7,044
Due from broker 51 0
Other assets 6,378 5,878
TOTAL ASSETS 179,874 165,733
Deposits:    
Noninterest-bearing 40,545 29,233
Interest-bearing 103,073 96,080
Total deposits 143,618 125,313
Short-term borrowed funds 255 274
Derivative liabilities 198 120
Deferred taxes, net 709 866
Long-term borrowed funds 9,202 14,047
Due to broker 155 0
Other liabilities 3,319 2,912
TOTAL LIABILITIES 157,456 143,532
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; 2,000,000 and 1,600,000 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 1,965 1,570
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 569,490,896 shares issued and 426,824,594 shares outstanding at June 30, 2020 and 568,238,730 shares issued and 433,121,083 shares outstanding at December 31, 2019 6 6
Additional paid-in capital 18,908 18,891
Retained earnings 6,068 6,498
Treasury stock, at cost, 142,666,302 and 135,117,647 shares at June 30, 2020 and December 31, 2019, respectively (4,623) (4,353)
Accumulated other comprehensive income (loss) 94 (411)
TOTAL STOCKHOLDERS’ EQUITY 22,418 22,201
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 179,874 $ 165,733
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.