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Deposits and Borrowings (Tables)
 6 Months Ended
Jun. 30, 2020
Deposits and Borrowings [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 June 30, 2020 and December 31, 2019. 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)
 
June 30,
2020
 
December 31,
2019
Deposits:
 
 
 
 
Non-interest-bearing deposits
 
$
29,055

 
$
23,488

Interest-bearing deposits(1)
 
275,183

 
239,209

Total deposits
 
$
304,238

 
$
262,697

Short-term borrowings:
 
 
 
 
Federal funds purchased and securities loaned or sold under agreements to repurchase
 
$
573

 
$
314

FHLB advances
 
0

 
7,000

Total short-term borrowings
 
$
573

 
$
7,314

 
 
June 30, 2020
 
December 31,
2019
(Dollars in millions)
 
Maturity Dates
 
Stated Interest Rates
 
Weighted-Average Interest Rate
 
Carrying Value
 
Carrying Value
Long-term debt:
 
 
 
 
 
 
 
 
 
 
Securitized debt obligations
 
2020-2026
 
0.53% - 3.01%
 
1.77
%
 
$
15,761

 
$
17,808

Senior and subordinated notes:
 
 
 
 
 
 
 
 
 
 
Fixed unsecured senior debt(2)
 
2020-2029
 
0.80 - 4.75
 
2.81

 
21,701

 
23,302

Floating unsecured senior debt
 
2020-2023
 
0.81 - 1.91
 
1.01

 
2,008

 
2,695

Total unsecured senior debt
 
2.65

 
23,709

 
25,997

Fixed unsecured subordinated debt
 
2023-2026
 
3.38 - 4.20
 
3.78

 
4,772

 
4,475

Total senior and subordinated notes
 
28,481

 
30,472

Other long-term borrowings:
 
 
 
 
 
 
 
 
 
 
Finance lease liabilities
 
2020-2031
 
1.63 - 9.91
 
3.71

 
85

 
103

Total other long-term borrowings
 
85

 
103

Total long-term debt
 
$
44,327

 
$
48,383

Total short-term borrowings and long-term debt
 
$
44,900

 
$
55,697

__________
(1) 
Includes $5.9 billion and $6.5 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of June 30, 2020 and December 31, 2019, respectively.
(2) 
Includes $1.4 billion of EUR-denominated unsecured notes as of both June 30, 2020 and December 31, 2019.