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Deposits and Borrowings (Tables)
 9 Months Ended
Sep. 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 September 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)September 30, 2022December 31, 2021
Deposits:
Non-interest-bearing deposits$34,391 $38,043 
Interest-bearing deposits(1)
282,802 272,937 
Total deposits$317,193 $310,980 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$528 $820 
Total short-term borrowings$528 $820 
 September 30, 2022December 31, 2021
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2023-2028
0.32% - 3.74%
2.27%$15,926 $14,994 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2023-2033
0.80 - 5.27
3.4423,957 19,975 
Floating unsecured senior debt2023-2025
3.53 - 4.31
3.771,597 1,709 
Total unsecured senior debt3.4625,554 21,684 
Fixed unsecured subordinated debt2023-2032
2.36 - 4.20
3.525,061 5,535 
Total senior and subordinated notes30,615 27,219 
Other long-term borrowings:
FHLB advances2023
3.07 - 3.19
3.137,500 0 
Finance lease liabilities2022 - 2031
0.30 - 9.91
3.9238 53 
Total other long-term borrowings7,538 53 
Total long-term debt$54,079 $42,266 
Total short-term borrowings and long-term debt$54,607 $43,086 
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(1)Includes $3.9 billion and $1.8 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of September 30, 2022 and December 31, 2021, respectively.
(2)Includes $1.1 billion and $1.4 billion of Euro (“EUR”) denominated unsecured notes as of September 30, 2022 and December 31, 2021, respectively.