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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets:    
Cash and due from banks $ 1,238 $ 1,514
Interest bearing deposits with banks 20,197 15,700
Federal funds sold and securities purchased under agreements to resell (includes $1.0 billion and nil designated under fair value option at March 31, 2019 and December 31, 2018, respectively) 6,924 10,168
Trading assets (includes $2.7 billion and $2.5 billion of assets pledged to creditors at March 31, 2019 and December 31, 2018, respectively) 26,101 21,978
Securities available-for-sale (includes $1.2 billion and $0.8 billion of assets pledged to creditors at March 31, 2019 and December 31, 2018, respectively) 32,040 31,379
Securities held-to-maturity (fair value of $14.3 billion and $14.4 billion at March 31, 2019 and December 31, 2018, respectively) 14,383 14,670
Loans 71,034 68,978
Less – allowance for credit losses 583 541
Loans, net 70,451 68,437
Loans held for sale (includes $98 million and $109 million designated under fair value option at March 31, 2019 and December 31, 2018, respectively) 448 512
Properties and equipment, net 156 158
Goodwill 1,607 1,607
Other assets 7,376 6,325
Total assets [1] 180,921 172,448
Domestic deposits:    
Noninterest bearing 22,081 25,639
Interest bearing (includes $8.5 billion and $8.2 billion designated under fair value option at March 31, 2019 and December 31, 2018, respectively) 85,061 78,830
Foreign deposits:    
Noninterest bearing 178 202
Interest bearing 6,310 6,274
Deposits held for sale 9 10
Total deposits 113,639 110,955
Short-term borrowings (includes $191 million and $560 million designated under fair value option at March 31, 2019 and December 31, 2018, respectively) 9,567 4,180
Long-term debt (includes $12.1 billion and $11.2 billion designated under fair value option at March 31, 2019 and December 31, 2018, respectively) 31,475 30,628
Total debt 154,681 145,763
Trading liabilities 3,908 3,643
Interest, taxes and other liabilities 4,011 2,536
Total liabilities [1] 162,600 151,942
Equity    
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both March 31, 2019 and December 31, 2018) 1,265 1,265
Common equity:    
Common stock ($5 par; 150,000,000 shares authorized; 714 shares issued and outstanding at both March 31, 2019 and December 31, 2018) 0 0
Additional paid-in capital 15,736 18,136
Retained earnings 1,607 1,471
Accumulated other comprehensive loss (287) (366)
Total common equity 17,056 19,241
Total equity 18,321 20,506
Total liabilities and equity $ 180,921 $ 172,448
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at March 31, 2019 and December 31, 2018 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 17, "Variable Interest Entities," for additional information. Assets: Other assets $106 million and $112 million. Total assets $106 million and $112 million respectively. Liabilities: Long-term debt $66 million and $66 million, Interest, taxes and other liabilities $36 million and $37 million. Total liabilities $102 million and $103 million, respectively.