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Borrowed Funds
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Borrowed Funds BORROWED FUNDS
The following table shows the carrying value of total borrowed funds at September 30, 2025 (including adjustments related to accounting hedges, purchase accounting and unamortized original issuance discounts) by remaining contractual maturity:
Table 58: Borrowed Funds
In millions
Less than 1 year$14,761 
1 to 2 years11,043 
2 to 3 years8,669 
3 to 4 years4,982 
4 to 5 years4,355 
Over 5 years18,534 
Total$62,344 
The following table presents the contractual rates and maturity dates of our FHLB advances, senior debt and subordinated debt as of September 30, 2025, and the carrying values as of September 30, 2025 and December 31, 2024.
Table 59: FHLB Advances, Senior Debt and Subordinated Debt
 Stated RateMaturityCarrying Value
Dollars in millionsSeptember 30, 2025September 30, 2025September 30, 2025December 31, 2024
Parent Company
Senior debt
1.15% - 6.88%
2026 - 2036$32,711 $27,369 
Subordinated debt4.63%2033810 777 
Junior subordinated debt5.00%2028206 206 
Total Parent Company  33,727 28,352 
Bank
Federal Home Loan Bank advances (a)
4.05% - 4.72%
2025 - 202816,100 22,000 
Senior debt
3.10% - 4.86%
2027 - 20435,984 5,128 
Subordinated debt
2.70% - 5.90%
2025 - 20292,496 3,121 
Total Bank  24,580 30,249 
Total $58,307 $58,601 
(a)FHLB advances are generally collateralized by residential mortgage loans, other mortgage-related loans and investment securities.
In Table 59, the carrying values for parent company senior and subordinated debt include basis adjustments of $100 million and $(38) million, respectively, whereas Bank senior and subordinated debt include basis adjustments of $(33) million and $(71) million, respectively, related to fair value accounting hedges as of September 30, 2025.
Certain borrowings are reported at fair value. Refer to Note 11 Fair Value for more information on those borrowings.
For further information regarding junior subordinated debentures, refer to Note 9 Borrowed Funds in our 2024 Form 10-K.