Deposits and Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

Deposits and Borrowings [Abstract]

Components of Deposits, Short-term Borrowings and Long-term Debt

The table below summarizes the components of our deposits, short-term borrowings and long-term debt as of December 31, 2016 and 2015. Our total short-term borrowings consist of federal funds purchased and securities loaned or sold under agreements to repurchase and other short-term borrowings with an original contractual maturity of one year or less. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The amounts presented for outstanding borrowings include unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.

Table 9.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt

(Dollars in millions)	December 31, 2016		December 31, 2015
Deposits:
Non-interest-bearing deposits	$	25,502	$	25,847
Interest-bearing deposits	211,266		191,874
Total deposits	$	236,768	$	217,721
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	992	$	981
Total short-term borrowings	$	992	$	981

	December 31, 2016
(Dollars in millions)	Maturity Dates	Interest Rates	Weighted- Average Interest Rate	Outstanding Amount		December 31, 2015
Long-term debt:
Securitized debt obligations(1)	2017 - 2025	0.74 - 5.75%	1.61%	$	18,826	$	16,166
Senior and subordinated notes:(1)
Fixed unsecured senior debt	2017 - 2025	1.20 - 6.75	2.65	17,546		16,559
Floating unsecured senior debt	2018 - 2019	1.56 - 2.06	1.73	1,353		1,198
Total unsecured senior debt			2.58	18,899		17,757
Fixed unsecured subordinated debt	2019 - 2026	3.38 - 8.80	4.09	4,532		4,080
Total senior and subordinated notes				23,431		21,837
Other long-term borrowings:
FHLB advances	2017 - 2025	0.45 - 6.41	0.64	17,179		20,098
Capital lease obligations	2017 - 2035	3.09 - 12.86	4.17	32		33
Total other long-term borrowings				17,211		20,131
Total long-term debt				$	59,468	$	58,134
Total short-term borrowings and long-term debt				$	60,460	$	59,115

__________

⁽¹⁾  Outstanding amount includes any fair value hedge accounting adjustments.

Schedule of Maturity Profile of Borrowings and Debt

Interest-bearing time deposits, securitized debt obligations and other debt as of December 31, 2016 mature as follows:

Table 9.2: Maturity Profile of Borrowings and Debt

(Dollars in millions)	2017		2018		2019		2020		2021		Thereafter		Total
Interest-bearing time deposits(1)	$	6,543	$	5,095	$	2,740	$	3,268	$	1,928	$	250	$	19,824
Securitized debt obligations	7,233		2,366		5,637		1,562		1,698		330		18,826
Federal funds purchased and securities loaned or sold sold under agreements to repurchase	992		0		0		0		0		0		992
Senior and subordinated notes	2,814		4,684		5,701		0		3,474		6,758		23,431
Other borrowings	19		10		1,252		1,001		5,651		9,278		17,211
Total	$	17,601	$	12,155	$	15,330	$	5,831	$	12,751	$	16,616	$	80,284

__________

⁽¹⁾  Includes only those interest bearing deposits which have a contractual maturity date.

Schedule of Components of Interest Expense on Short-Term Borrowings and Long-Term Debt

The following table displays interest expense attributable to short-term borrowings and long-term debt for the years ended December 31, 2016, 2015 and 2014:

Table 9.3: Components of Interest Expense on Short-Term Borrowings and Long-Term Debt

	Year Ended December 31,
(Dollars in millions)	2016		2015		2014
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	2	$	1	$	2
FHLB advances	0		9		19
Total short-term borrowings	2		10		21
Long-term debt:
Securitized debt obligations(1)	216		151		145
Senior and subordinated notes(1)	476		330		299
Other long-term borrowings	111		43		26
Total long-term debt	803		524		470
Total interest expense on short-term borrowings and long-term debt	$	805	$	534	$	491

__________

⁽¹⁾  Interest expense includes the impact from hedge accounting.