Deposits and Borrowings (Tables)

3 Months Ended

Mar. 31, 2019

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

Our total short-term borrowings generally consist of federal funds purchased, securities loaned or sold under agreements to repurchase, and short-term FHLB advances. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of March 31, 2019 and December 31, 2018. The carrying value presented below for these borrowings includes unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.

Table 8.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt



(Dollars in millions)	March 31, 2019		December 31, 2018
Deposits:
Non-interest-bearing deposits	$	24,908	$	23,483
Interest-bearing deposits⁽¹⁾	230,199		226,281
Total deposits	$	255,107	$	249,764
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	335	$	352
FHLB advances	0		9,050
Total short-term borrowings	$	335	$	9,402



	March 31, 2019						December 31, 2018
(Dollars in millions)	Maturity Dates	Stated Interest Rates	Weighted- Average Interest Rate		Carrying Value		Carrying Value
Long-term debt:
Securitized debt obligations	2019-2025	1.33% - 3.34%	2.34	%	$	19,273	$	18,307
Senior and subordinated notes:
Fixed unsecured senior debt	2019-2028	1.85 - 4.75	3.13		23,027		23,290
Floating unsecured senior debt	2019-2023	3.10 - 3.90	3.48		2,993		2,993
Total unsecured senior debt			3.17		26,020		26,283
Fixed unsecured subordinated debt	2019-2026	3.38 - 8.80	4.09		4,625		4,543
Total senior and subordinated notes					30,645		30,826
Other long-term borrowings:
FHLB advances	2022-2023	4.46 - 5.36	4.95		1		251
Other borrowings	2019-2035	1.00 - 13.38	4.95		104		119
Total other long-term borrowings					105		370
Total long-term debt					$	50,023	$	49,503
Total short-term borrowings and long-term debt					$	50,358	$	58,905

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⁽¹⁾

Includes $5.1 billion and $4.0 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of March 31, 2019 and December 31, 2018, respectively.