v3.24.0.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 6,921 $ 7,043
Interest-earning deposits with banks 43,804 27,320
Loans held for sale [1] 734 1,010
Investment securities – available for sale 41,785 44,159
Investment securities – held to maturity 90,784 95,175
Loans [1] 321,508 326,025
Allowance for loan and lease losses (4,791) (4,741)
Net loans 316,717 321,284
Equity investments 8,314 8,437
Mortgage servicing rights 3,686 3,423
Goodwill 10,932 10,987
Other [1] 37,903 38,425
Total assets 561,580 557,263
Deposits    
Noninterest-bearing 101,285 124,486
Interest-bearing 320,133 311,796
Total deposits 421,418 436,282
Borrowed funds    
Federal Home Loan Bank borrowings 38,000 32,075
Senior debt 26,836 16,657
Subordinated debt 4,875 6,307
Other [2] 3,026 3,674
Total borrowed funds 72,737 58,713
Allowance for unfunded lending related commitments 663 694
Accrued expenses and other liabilities (b) [2] 15,621 15,762
Total liabilities 510,439 511,451
Equity    
Preferred stock [3]
Common Stock, Shares, Issued 543,116,271 542,874,829
Common stock ($5 par value, Authorized 800,000,000 shares, issued 543,116,271 and 542,874,829 shares) $ 2,716 $ 2,714
Capital surplus 19,020 18,376
Retained earnings 56,290 53,572
Accumulated other comprehensive income (loss) (7,712) (10,172)
Common stock held in treasury at cost: 145,087,054 and 142,298,689 shares (19,209) (18,716)
Total shareholders’ equity 51,105 45,774
Noncontrolling interests 36 38
Total equity [4] 51,141 45,812
Total liabilities and equity $ 561,580 $ 557,263
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.7 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 2023. Comparable amounts at December 31, 2022 were $0.9 billion, $1.3 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 December 31, 2023. Comparable amounts at December 31, 2022 were less than $0.1 billion and $0.2 billion, respectively.
[3] Par value less than $0.5 million at each date.
[4] The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.

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