v3.22.4
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 7,043 $ 8,004
Interest-earning deposits with banks 27,320 74,250
Loans held for sale [1] 1,010 2,231
Investment securities – available for sale 44,159 131,536
Investment securities – held to maturity 95,175 1,426
Loans [1] 326,025 288,372
Allowance for loan and lease losses (4,741) (4,868)
Net loans 321,284 283,504
Equity investments 8,437 8,180
Mortgage servicing rights 3,423 1,818
Goodwill 10,987 10,916
Other [1] 38,425 35,326
Total assets 557,263 557,191
Deposits    
Noninterest-bearing 124,486 155,175
Interest-bearing 311,796 302,103
Total deposits 436,282 457,278
Borrowed funds    
Federal Home Loan Bank borrowings 32,075
Senior debt 16,657 20,661
Subordinated debt 6,307 6,996
Other [2] 3,674 3,127
Total borrowed funds 58,713 30,784
Allowance for unfunded lending related commitments 694 662
Accrued expenses and other liabilities 15,762 12,741
Total liabilities 511,451 501,465
Equity    
Preferred stock [3]
Common stock ($5 par value, Authorized 800 shares, issued 543 shares) 2,714 2,713
Capital surplus 18,376 17,457
Retained earnings 53,572 50,228
Accumulated other comprehensive income (loss) (10,172) 409
Common stock held in treasury at cost: 142 and 123 shares (18,716) (15,112)
Total shareholders’ equity 45,774 55,695
Noncontrolling interests 38 31
Total equity [4] 45,812 55,726
Total liabilities and equity $ 557,263 $ 557,191
[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 of $1.3 billion and Other assets of $0.1 billion at December 31, 2022 and Loans held for sale of $1.9 billion, Loans of $1.5 billion and Other assets of $0.1 billion at December 31, 2021.
[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 $0.2 billion at December 31, 2022. Comparable amounts at December 31, 2021 were less than $0.1 billion and zero.
[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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