Deposits and Borrowings (Tables)

12 Months Ended

Dec. 31, 2017

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

The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of December 31, 2017 and 2016. Our total short-term borrowings consist of federal funds purchased and securities loaned or sold under agreements to repurchase. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The carrying value presented below for these 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, 2017		December 31, 2016
Deposits:
Non-interest-bearing deposits	$	26,404	$	25,502
Interest-bearing deposits⁽¹⁾	217,298		211,266
Total deposits	$	243,702	$	236,768
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	576	$	992
Total short-term borrowings	$	576	$	992



	December 31, 2017
(Dollars in millions)	Maturity Dates	Stated Interest Rates	Weighted- Average Interest Rate	Carrying Value		December 31, 2016
Long-term debt:
Securitized debt obligations	2018 - 2025	1.33 - 2.75%	1.89	$	20,010	$	18,826
Senior and subordinated notes:
Fixed unsecured senior debt	2018 - 2027	1.50 - 4.75	2.72	22,776		17,546
Floating unsecured senior debt	2018 - 2023	1.83 - 2.57	2.27	3,446		1,353
Total unsecured senior debt			2.66	26,222		18,899
Fixed unsecured subordinated debt	2019 - 2026	3.38 - 8.80	4.09	4,533		4,532
Total senior and subordinated notes				30,755		23,431
Other long-term borrowings:
FHLB advances	2018 - 2023	1.38 - 5.36	1.45	8,609		17,179
Other borrowings	2018 - 2035	1.00 - 16.75	7.40	331		32
Total other long-term borrowings				8,940		17,211
Total long-term debt				$	59,705	$	59,468
Total short-term borrowings and long-term debt				$	60,281	$	60,460

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⁽¹⁾	Includes $1.3 billion and $894 million of time deposits in denominations in excess of the $250,000 federal insurance limit as of December 31, 2017 and 2016, respectively.

Schedule of Maturity Profile of Borrowings and Debt

The following table presents the carrying value of our interest-bearing time deposits, securitized debt obligations and other debt by remaining contractual maturity as of December 31, 2017.

Table 9.2: Maturity Profile of Borrowings



(Dollars in millions)	2018		2019		2020		2021		2022		Thereafter		Total
Interest-bearing time deposits	$	9,025	$	7,147	$	5,395	$	3,851	$	4,104	$	158	$	29,680
Securitized debt obligations	2,666		6,828		5,289		1,698		2,552		977		20,010
Federal funds purchased and securities loaned or sold under agreements to repurchase	576		—		—		—		—		—		576
Senior and subordinated notes	4,690		5,667		4,360		3,445		2,518		10,075		30,755
Other borrowings	230		66		8,603		3		2		36		8,940
Total	$	17,187	$	19,708	$	23,647	$	8,997	$	9,176	$	11,246	$	89,961