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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 6,242 $ 6,921
Interest-earning deposits with banks 33,039 43,804
Loans held for sale [1] 988 734
Investment securities – available for sale 51,188 41,785
Investment securities – held to maturity 87,457 90,784
Loans [1] 321,429 321,508
Allowance for loan and lease losses (4,636) (4,791)
Net loans 316,793 316,717
Equity investments 9,037 8,314
Mortgage servicing rights 3,739 3,686
Goodwill 10,932 10,932
Other [1] 37,104 37,903
Total assets 556,519 561,580 Close
Deposits    
Noninterest-bearing 94,542 101,285
Interest-bearing 321,849 320,133
Total deposits 416,391 421,418
Borrowed funds    
Federal Home Loan Bank borrowings 35,000 38,000
Senior debt 29,601 26,836
Subordinated debt 4,078 4,875
Other [2] 2,712 3,026
Total 71,391 72,737
Allowance for unfunded lending related commitments 717 663
Accrued expenses and other liabilities [2] 15,339 15,621
Total liabilities 503,838 510,439 Close
Equity    
Preferred stock [3]
Common stock ($5 par value, Authorized 800,000,000 shares, issued 543,225,979 and 543,116,271 shares) 2,716 2,716
Capital surplus 19,098 19,020
Retained earnings 57,652 56,290
Accumulated other comprehensive income (loss) (7,446) (7,712)
Common stock held in treasury at cost: 145,667,981 and 145,087,054 shares (19,378) (19,209)
Total shareholders’ equity 52,642 51,105
Noncontrolling interests 39 36
Total equity 52,681 51,141 Close
Total liabilities and equity $ 556,519 $ 561,580
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.9 billion, Loans held for investment of $1.2 billion and Other assets of $0.1 billion at June 30, 2024. Comparable amounts at December 31, 2023 were $0.7 billion, $1.2 billion and $0.1 billion, respectively.
[2] Our consolidated liabilities included the following for which we have elected the fair value option: Other borrowed funds of less than $0.1 billion and Other liabilities of $0.1 billion at June 30, 2024. Comparable amounts at December 31, 2023 were less than $0.1 billion and $0.1 billion, respectively.
[3] Par value less than $0.5 million at each date.