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Deposits and Borrowings (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [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, 2023 and December 31, 2022. The carrying value presented below for these borrowings includes any 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, 2023December 31, 2022
Deposits:
Non-interest-bearing deposits$28,794 $32,203 
Interest-bearing deposits(1)
317,217 300,789 
Total deposits$346,011 $332,992 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$522 $883 
Total short-term borrowings$522 $883 
 September 30, 2023December 31, 2022
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2024-2028
0.55% - 6.12%
2.87%$17,417 $16,973 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2024-2034
0.80 - 6.38
4.0126,419 24,134 
Floating unsecured senior debt2024-2025
6.00 - 6.66
6.181,248 1,597 
Total unsecured senior debt4.1127,667 25,731 
Fixed unsecured subordinated debt2025-2032
2.36 - 4.20
3.573,616 5,095 
Total senior and subordinated notes31,283 30,826 
Other long-term borrowings2023-2031
0.35 - 9.91
6.3825 33 
Total long-term debt$48,725 $47,832 
Total short-term borrowings and long-term debt$49,247 $48,715 
__________
(1)Some customers have time deposits in excess of the federal deposit insurance limit, making a portion of the deposit uninsured. As of September 30, 2023, the total time deposit amount with some portion in excess of the insured amount was $15.4 billion and the portion of those deposits estimated to be uninsured was $8.5 billion. As of December 31, 2022, the total time deposit amount with some portion in excess of the insured amount was $6.1 billion and the portion of those deposits estimated to be uninsured was $2.0 billion.
(2)Includes $1.2 billion of Euro (“EUR”) denominated unsecured notes as of both September 30, 2023 and December 31, 2022.