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Deposits and Borrowings (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024. 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 8.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt
(Dollars in millions)March 31, 2025December 31, 2024
Deposits:
Non-interest-bearing deposits$26,500 $26,122 
Interest-bearing deposits(1)
340,964 336,585 
Total deposits$367,464 $362,707 
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase$573 $562 
Total short-term borrowings$573 $562 
 March 31, 2025December 31, 2024
(Dollars in millions)Maturity DatesStated Interest RatesWeighted-Average Interest RateCarrying ValueCarrying Value
Long-term debt:
Securitized debt obligations2025 - 2030
0.77% - 5.91%
3.59%$11,716 $14,264 
Senior and subordinated notes:
Fixed unsecured senior debt(2)
2026 - 2035
1.65 - 7.62
5.0923,865 26,930 
Fixed unsecured subordinated debt2025 - 2036
2.36 - 6.18
4.375,594 3,766 
Total senior and subordinated notes29,459 30,696 
Other long-term borrowings2025 - 2029
1.46 - 9.91
5.9325 29 
Total long-term debt$41,200 $44,989 
Total short-term borrowings and long-term debt$41,773 $45,551 
__________
(1)Some customers have time deposits in excess of the federal deposit insurance limit, making a portion of the deposit uninsured. As of March 31, 2025, the total time deposit amount with some portion in excess of the insured amount was $12.6 billion and the portion of total time deposits estimated to be uninsured was $8.8 billion. 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.
(2)Includes $494 million and $473 million of Euro (“EUR”) denominated unsecured notes as of March 31, 2025 and December 31, 2024, respectively.