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Deposits and Borrowings (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
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 September 30, 2021 and December 31, 2020. 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 7.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt
(Dollars in millions)September 30, 2021December 31, 2020
Deposits:
Non-interest-bearing deposits$36,804 $31,142 
Interest-bearing deposits(1)
269,134 274,300 
Total deposits$305,938 $305,442 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$825 $668 
Total short-term borrowings$825 $668 
 September 30, 2021December 31, 2020
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2021-2028
0.43% - 2.84%
1.64%$12,635 $12,414 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2022-2029
0.80 - 4.25
3.1217,030 21,045 
Floating unsecured senior debt2022-2023
0.85 - 1.28
1.051,360 1,609 
Total unsecured senior debt2.9718,390 22,654 
Fixed unsecured subordinated debt2023-2032
2.36 - 4.20
3.525,593 4,728 
Total senior and subordinated notes23,983 27,382 
Other long-term borrowings:
Finance lease liabilities 2021 - 2031
0.30 - 9.91
3.1458 75 
Total other long-term borrowings58 75 
Total long-term debt$36,676 $39,871 
Total short-term borrowings and long-term debt$37,501 $40,539 
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(1)Includes $1.9 billion and $4.2 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of September 30, 2021 and December 31, 2020, respectively.
(2)Includes $1.5 billion and $1.6 billion of EUR-denominated unsecured notes as of September 30, 2021 and December 31, 2020, respectively.