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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
ASSETS:    
Cash and due from banks $ 904 $ 1,175
Interest-bearing cash and due from banks 8,312 2,211
Interest-bearing deposits in banks 328 297
Debt securities available for sale, at fair value (including $577 and $359 pledged to creditors, respectively) [1] 22,884 20,613
Debt securities held to maturity (fair value of $2,709 and $3,242 respectively, and including $159 and $249 pledged to creditors, respectively) [1] 2,578 3,202
Equity investment securities, at fair value 57 47
Equity investment securities, at cost 605 807
Loans held for sale, at fair value 3,587 1,946
Other loans held for sale 127 1,384
Loans and leases 124,071 119,088
Less: Allowance for loan and lease losses (2,542) (1,252)
Net loans and leases 121,529 117,836
Derivative assets 2,030 807
Premises and equipment, net 747 761
Bank-owned life insurance 1,751 1,725
Goodwill 7,050 7,044
Other assets 6,739 5,878
TOTAL ASSETS 179,228 165,733
Deposits:    
Noninterest-bearing 41,249 29,233
Interest-bearing 101,672 96,080
Total deposits 142,921 125,313
Short-term borrowed funds 252 274
Derivative liabilities 100 120
Deferred taxes, net 638 866
Long-term borrowed funds 9,109 14,047
Other liabilities 3,739 2,912
TOTAL LIABILITIES 156,759 143,532
Contingencies (refer to Note 12)
Preferred stock:    
$25.00 par value,100,000,000 shares authorized; 2,000,000 and 1,600,000 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 1,965 1,570
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 569,739,386 shares issued and 427,073,084 shares outstanding at September 30, 2020 and 568,238,730 shares issued and 433,121,083 shares outstanding at December 31, 2019 6 6
Additional paid-in capital 18,922 18,891
Retained earnings 6,189 6,498
Treasury stock, at cost, 142,666,302 and 135,117,647 shares at September 30, 2020 and December 31, 2019, respectively (4,623) (4,353)
Accumulated other comprehensive income (loss) 10 (411)
TOTAL STOCKHOLDERS’ EQUITY 22,469 22,201
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 179,228 $ 165,733
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.