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Deposits and Borrowings (Tables)
 9 Months Ended
Sep. 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 September 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)September 30, 2020December 31, 2019
Deposits:
Non-interest-bearing deposits$29,633 $23,488 
Interest-bearing deposits(1)
276,092 239,209 
Total deposits$305,725 $262,697 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$702 $314 
FHLB advances0 7,000 
Total short-term borrowings$702 $7,314 
 September 30, 2020December 31, 2019
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2020-2026
0.50% - 3.01%
1.90 %$13,566 $17,808 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2020-2029
0.80 - 4.75
3.19 21,685 23,302 
Floating unsecured senior debt2020-2023
0.70 - 1.42
1.03 2,008 2,695 
Total unsecured senior debt3.01 23,693 25,997 
Fixed unsecured subordinated debt2023-2026
3.38 - 4.20
3.78 4,755 4,475 
Total senior and subordinated notes28,448 30,472 
Other long-term borrowings:
Finance lease liabilities2020-2031
1.63 - 9.91
3.77 79 103 
Total other long-term borrowings79 103 
Total long-term debt$42,093 $48,383 
Total short-term borrowings and long-term debt$42,795 $55,697 
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(1)Includes $5.2 billion and $6.5 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of September 30, 2020 and December 31, 2019, respectively.
(2)Includes $1.5 billion and $1.4 billion of EUR-denominated unsecured notes as of September 30, 2020 and December 31, 2019