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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 762 $ 621
Interest bearing deposits with banks 23,148 22,625
Federal funds sold and securities purchased under agreements to resell 9,252 14,313
Trading assets (includes $3.5 billion and $3.6 billion pledged to creditors) 22,757 21,231
Securities available-for-sale (amortized cost of $31.7 billion and $27.2 billion, and includes $0.0 billion and $0.6 billion pledged to creditors) 30,030 24,937
Securities held-to-maturity (fair value of $18.1 billion and $17.0 billion) 18,293 17,798
Loans 59,894 62,753
Less – allowance for credit losses 442 537
Loans, net 59,452 62,216
Loans held for sale (includes $626 million and $395 million designated under fair value option) 1,925 406
Properties and equipment, net 72 73
Goodwill 458 458
Other assets 6,261 6,053
Total assets 172,410 170,731
Domestic deposits:    
Noninterest bearing 20,066 21,251
Interest bearing (includes $3.6 billion and $4.0 billion designated under fair value option) 95,707 96,656
Foreign deposits - interest bearing 8,324 5,443
Total deposits 124,097 123,350
Short-term borrowings 7,289 7,352
Long-term debt (includes $8.3 billion and $7.9 billion designated under fair value option) 23,026 20,717
Total debt 154,412 151,419
Trading liabilities 2,355 3,907
Interest, taxes and other liabilities 3,204 2,916
Total liabilities 159,971 158,242
Equity    
Preferred stock (no par value; 40,999,000 shares authorized; 265 shares issued and outstanding) 265 265
Common equity:    
Common stock ($5 par value; 150,000,000 shares authorized; 714 shares issued and outstanding) 0 0
Additional paid-in capital 12,701 12,727
Retained earnings 852 1,269
Accumulated other comprehensive loss (1,379) (1,772)
Total common equity 12,174 12,224
Total equity 12,439 12,489
Total liabilities and equity $ 172,410 $ 170,731