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Deposits and Borrowings (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022 and December 31, 2021. 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)June 30, 2022December 31, 2021
Deposits:
Non-interest-bearing deposits$37,004 $38,043 
Interest-bearing deposits(1)
270,881 272,937 
Total deposits$307,885 $310,980 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$440 $820 
Total short-term borrowings$440 $820 
 June 30, 2022December 31, 2021
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2022-2028
0.32% - 3.49%
2.02%$17,466 $14,994 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2022-2033
0.80 - 5.27
3.2323,444 19,975 
Floating unsecured senior debt2022-2025
1.96 - 2.86
2.281,835 1,709 
Total unsecured senior debt3.1625,279 21,684 
Fixed unsecured subordinated debt2023-2032
2.36 - 4.20
3.525,210 5,535 
Total senior and subordinated notes30,489 27,219 
Other long-term borrowings:
FHLB advances2023
1.62 - 1.77
1.7010,500 0 
Finance lease liabilities2022-2031
0.30 - 9.91
3.6543 53 
Total other long-term borrowings10,543 53 
Total long-term debt$58,498 $42,266 
Total short-term borrowings and long-term debt$58,938 $43,086 
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(1)Includes $2.1 billion and $1.8 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of June 30, 2022 and December 31, 2021, respectively.
(2)Includes $1.2 billion and $1.4 billion of EUR-denominated unsecured notes as of June 30, 2022 and December 31, 2021, respectively.