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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 784 $ 887
Short-term investments 8,410 2,432
Trading account assets 1,118 829
Securities available for sale 39,498 39,117
Held-to-maturity securities (fair value: $9,085 and $8,113) 9,561 8,710
Other investments 1,587 1,308
Loans, net of unearned income of $353 and $368 119,971 119,394
Less: Allowance for loan and lease losses (1,380) (1,337)
Net loans 118,591 118,057
Loans held for sale [1] 1,211 963
Premises and equipment 628 636
Goodwill 2,752 2,752
Other intangible assets 85 94
Corporate-owned life insurance 4,372 4,369
Accrued income and other assets 8,512 9,223
Discontinued assets 410 436
Total assets 197,519 189,813
Deposits in domestic offices:    
Interest-bearing deposits 106,841 101,761
Noninterest-bearing deposits 37,307 40,834
Total deposits 144,148 142,595
Federal funds purchased and securities sold under repurchase agreements 1,374 4,077
Bank notes and other short-term borrowings 10,061 5,386
Accrued expense and other liabilities 4,861 4,994
Long-term debt 22,753 19,307
Total liabilities 183,197 176,359
EQUITY    
Preferred stock 2,500 2,500
Common Shares, $1 par value; authorized 2,100,000,000 shares; issued 1,256,702,081 shares 1,257 1,257
Capital surplus 6,207 6,286
Retained earnings 15,700 15,616
Treasury stock, at cost (321,472,743 and 323,377,500 shares) (5,868) (5,910)
Accumulated other comprehensive income (loss) (5,474) (6,295)
Total equity 14,322 13,454
Total liabilities and equity $ 197,519 $ 189,813
[1] Total loans held for sale include real estate — residential mortgage loans held for sale at fair value of $45 million at March 31, 2023, and $24 million at December 31, 2022.