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CONSOLIDATED BALANCE SHEET (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Assets:        
Cash and due from banks $ 961 $ 1,359 $ 1,616 $ 1,693 [1]
Interest bearing deposits with banks 19,614 13,279    
Securities purchased under agreements to resell 2,119 3,149    
Trading assets 28,894 30,874    
Securities available-for-sale 54,906 67,716    
Securities held-to-maturity (fair value of $1.5 billion and $1.8 billion at December 31, 2013 and 2012, respectively) 1,358 1,620    
Loans 67,695 63,258 51,867  
Less – allowance for credit losses 606 647 743 852
Loans, net 67,089 62,611 51,124  
Loans held for sale (includes $3 million and $465 million designated under fair value option at December 31, 2013 and 2012, respectively) 230 1,018    
Properties and equipment, net 269 276    
Intangible assets, net 295 247    
Goodwill 1,612 2,228 2,228  
Other assets 8,140 7,069    
Total assets 185,487 [2] 191,446 [2]    
Deposits in domestic offices:        
Noninterest bearing 29,707 31,315    
Interest bearing (includes $7.7 billion and $8.7 billion designated under fair value option at December 31, 2013 and 2012, respectively) 62,903 66,520    
Deposits in foreign offices:        
Noninterest bearing 1,364 1,813    
Interest bearing 18,634 18,023    
Total deposits 112,608 117,671 139,729  
Short-term borrowings 19,135 14,933    
Long-term debt (includes $7.6 billion and $7.3 billion designated under fair value option at December 31, 2013 and 2012, respectively) 22,847 21,745    
Total debt 154,590 154,349    
Trading liabilities 10,875 14,699    
Interest, taxes and other liabilities 3,558 4,562    
Total liabilities 169,023 [2] 173,610 [2]    
Shareholders’ equity        
Preferred stock 1,565 1,565    
Common shareholder’s equity:        
Common stock ($5 par; 150,000,000 shares authorized; 713 shares issued and outstanding at December 31, 2013 and 2012) 0 0    
Additional paid-in capital 14,106 14,123    
Retained earnings 952 1,363    
Accumulated other comprehensive income (159) 785 642  
Total common shareholder’s equity 14,899 16,271 16,937  
Total shareholders’ equity 16,464 17,836 18,502  
Total liabilities and shareholders’ equity $ 185,487 $ 191,446    
[1] Cash at beginning of period includes $117 million for discontinued operations as of January 1, 2011.
[2] The following table summarizes assets and liabilities related to our consolidated variable interest entities (“VIEs”) as of December 31, 2013 and December 31, 2012 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation. Assets: Interest bearing deposits with banks, $5 million and $0 million, Securities held-to-maturity, $200 million and $0 million Other assets $502 million and $533 million. Total assets $707 million and $533 million respectively. Liabilities: Long-term debt $92 million and $92 million, Interest, taxes and other liabilities $93 million and $152 million. Total liabilities $185 million and $244 million, respectively.