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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 758 $ 887
Short-term investments 8,959 2,432
Trading account assets 1,177 829
Securities available for sale 37,908 39,117
Held-to-maturity securities (fair value: $8,575 and $8,113) 9,189 8,710
Other investments 1,474 1,308
Loans, net of unearned income of $361 and $368 119,011 119,394
Less: Allowance for loan and lease losses (1,480) (1,337)
Net loans 117,531 118,057
Loans held for sale [1] 1,130 963
Premises and equipment 652 636
Goodwill 2,752 2,752
Other intangible assets 75 94
Corporate-owned life insurance 4,378 4,369
Accrued income and other assets 8,668 9,223
Discontinued assets 386 436
Total assets 195,037 189,813
Deposits in domestic offices:    
Interest-bearing deposits 111,766 101,761
Noninterest-bearing deposits 33,366 40,834
Total deposits 145,132 142,595
Federal funds purchased and securities sold under repurchase agreements 1,702 4,077
Bank notes and other short-term borrowings 6,949 5,386
Accrued expense and other liabilities 5,339 4,994
Long-term debt 22,071 19,307
Total liabilities 181,193 176,359
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 6,231 6,286
Retained earnings 15,759 15,616
Treasury stock, at cost (320,968,822 and 323,377,500 shares) (5,859) (5,910)
Accumulated other comprehensive income (loss) (6,044) (6,295)
Total equity 13,844 13,454
Total liabilities and equity $ 195,037 $ 189,813
[1] Total loans held for sale include real estate — residential mortgage loans held for sale at fair value of $67 million at June 30, 2023, and $24 million at December 31, 2022.