CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	[1]	$ 981	$ 954
Interest bearing deposits with banks	[1]	42,538	47,400
Federal funds sold and securities purchased under agreements to resell	[1]	4,941	10,514
Trading assets (includes $1.6 billion and $1.7 billion pledged to creditors at June 30, 2022 and December 31, 2021, respectively)	[1]	18,708	24,043
Securities available-for-sale (includes amortized cost of $33.3 billion and $35.4 billion at June 30, 2022 and December 31, 2021, respectively, an allowance for credit losses of $2 million and $1 million at June 30, 2022 and December 31, 2021, respectively, and $1.0 billion and $2.4 billion pledged to creditors at June 30, 2022 and December 31, 2021, respectively)	[1]	31,062	35,298
Securities held-to-maturity, net of allowance for credit losses of nil and $1 million at June 30, 2022 and December 31, 2021, respectively (fair value of $4.5 billion and $5.4 billion at June 30, 2022 and December 31, 2021, respectively)	[1]	4,666	5,203
Loans	[1]	61,798	55,864
Less – allowance for credit losses	[1]	534	447
Loans, net	[1]	61,264	55,417
Loans held for sale (includes $194 million and $48 million designated under fair value option at June 30, 2022 and December 31, 2021, respectively, and $2,441 million related to branch disposal group held for sale at December 31, 2021)	[1]	489	4,217
Properties and equipment, net	[1]	38	40
Goodwill		458	458	[1]
Other branch related assets held for sale	[1]	0	249
Other assets, net of allowance for credit losses of $1 million at both June 30, 2022 and December 31, 2021	[1]	6,087	5,439
Total assets	[1]	171,232	189,232
Domestic deposits:
Noninterest bearing	[1]	34,132	40,333
Interest bearing (includes $2.0 billion and $2.7 billion designated under fair value option at June 30, 2022 and December 31, 2021, respectively)	[1]	84,732	89,122
Foreign deposits - interest bearing	[1]	8,399	4,827
Deposits held for sale		0	8,750	[1]
Total deposits		127,263	143,032
Short-term borrowings	[1]	5,898	6,338
Long-term debt (includes $7.1 billion and $8.9 billion designated under fair value option at June 30, 2022 and December 31, 2021, respectively)	[1]	16,026	17,236
Total debt	[1]	149,187	166,606
Trading liabilities	[1]	3,766	3,023
Other branch related liabilities held for sale	[1]	0	152
Interest, taxes and other liabilities	[1]	2,742	2,411
Total liabilities	[1]	155,695	172,192
Equity
Preferred stock (no par value; 40,999,000 shares authorized; 1,265 shares issued and outstanding at both June 30, 2022 and December 31, 2021)		1,265	1,265
Common equity:
Common stock ($5 par value; 150,000,000 shares authorized; 714 shares issued and outstanding at both June 30, 2022 and December 31, 2021)		0	0
Additional paid-in capital		14,737	14,742
Retained earnings		1,465	1,212
Accumulated other comprehensive loss		(1,930)	(179)
Total common equity		14,272	15,775
Total equity		15,537	17,040
Total liabilities and equity		$ 171,232	$ 189,232

[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at June 30, 2022 and December 31, 2021. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 17, "Variable Interest Entities," for additional information. June 30, 2022December 31, 2021(in millions)AssetsLoans$118 $46 Other assets46 55 Total assets$164 $101 LiabilitiesInterest, taxes and other liabilities$28 $9 Total liabilities$28 $9