v3.25.0.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 6,904 $ 6,921
Interest-earning deposits with banks 39,347 43,804
Loans held for sale [1] 850 734
Investment securities – available-for-sale 62,039 41,785
Investment securities – held-to-maturity 77,693 90,784
Loans [1] 316,467 321,508
Allowance for loan and lease losses (4,486) (4,791)
Net loans 311,981 316,717
Equity investments 9,600 8,314
Mortgage servicing rights 3,711 3,686
Goodwill 10,932 10,932
Other [1] 36,981 37,903
Total assets 560,038 561,580
Deposits    
Noninterest-bearing 92,641 101,285
Interest-bearing 334,097 320,133
Total deposits 426,738 421,418
Borrowed funds    
Federal Home Loan Bank advances 22,000 38,000
Senior debt 32,497 26,836
Subordinated debt 4,104 4,875
Other [2] 3,072 3,026
Total borrowed funds 61,673 72,737
Allowance for unfunded lending related commitments 719 663
Accrued expenses and other liabilities [2] 16,439 15,621
Total liabilities 505,569 510,439
Equity    
Preferred stock [3]
Common stock ($5 par value, Authorized 800,000,000 shares, issued 543,310,646 and 543,116,271 shares) 2,717 2,716
Capital surplus 18,710 19,020
Retained earnings 59,282 56,290
Accumulated other comprehensive income (loss) (6,565) (7,712)
Common stock held in treasury at cost: 147,373,633 and 145,087,054 shares (19,719) (19,209)
Total shareholders’ equity 54,425 51,105
Noncontrolling interests 44 36
Total equity [4] 54,469 51,141
Total liabilities and equity $ 560,038 $ 561,580
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $0.8 billion, Loans of $1.2 billion and Other assets of $0.1 billion at December 31, 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 both December 31, 2024 and December 31, 2023.
[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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