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Deposits and Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
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 December 31, 2024 and 2023. 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 9.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt
(Dollars in millions)December 31, 2024December 31, 2023
Deposits:
Non-interest-bearing deposits$26,122 $28,024 
Interest-bearing deposits(1)
336,585 320,389 
Total deposits$362,707 $348,413 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$562 $538 
Total short-term borrowings$562 $538 
 December 31, 2024December 31, 2023
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2025-2030
0.77% - 5.91%
3.48%$14,264 $18,043 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2025-2035
1.65 - 7.62
4.8426,930 27,168 
Floating unsecured senior debt———0 349 
Total unsecured senior debt4.8426,930 27,517 
Fixed unsecured subordinated debt2025-2032
2.36 - 4.20
3.573,766 3,731 
Total senior and subordinated notes30,696 31,248 
Other long-term borrowings2025-2031
1.46 - 9.91
5.7229 27 
Total long-term debt$44,989 $49,318 
Total short-term borrowings and long-term debt$45,551 $49,856 
__________
(1)Some customers have time deposits in excess of the federal deposit insurance limit, making a portion of the deposit uninsured. As of December 31, 2024, the total time deposit amount with some portion in excess of the insured amount was $15.2 billion and the portion of total time deposits estimated to be uninsured was $10.1 billion. As of December 31, 2023, the total time deposit amount with some portion in excess of the insured amount was $15.8 billion and the portion of total time deposits estimated to be uninsured was $9.0 billion.
(2)Includes $473 million and $1.3 billion of Euro (“EUR”) denominated unsecured notes as of December 31, 2024 and 2023, respectively.
The following table presents the carrying value of our interest-bearing time deposits with contractual maturities, securitized debt obligations and other debt by remaining contractual maturity as of December 31, 2024.

Table 9.2: Maturity Profile of Borrowings
(Dollars in millions)20252026202720282029ThereafterTotal
Interest-bearing time deposits
$63,855 $5,953 $6,256 $1,876 $994 $11 $78,945 
Securitized debt obligations6,278 2,835 2,492 2,224 372 63 14,264 
Federal funds purchased and securities loaned or sold under agreements to repurchase562 0 0 0 0 0 562 
Senior and subordinated notes3,221 4,499 4,207 2,863 3,171 12,735 30,696 
Other borrowings9 6 6 6 1 1 29 
Total$73,925 $13,293 $12,961 $6,969 $4,538 $12,810 $124,496