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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
ASSETS:    
Cash and due from banks $ 1,117 $ 1,037
Interest-bearing cash and due from banks 13,543 11,696
Interest-bearing deposits in banks 308 306
Debt securities available for sale, at fair value (including $539 and $549 pledged to creditors, respectively) [1] 24,467 22,942
Debt securities held to maturity (fair value of $3,077 and $3,357 respectively, and including $141 and $144 pledged to creditors, respectively) [1] 2,995 3,235
Loans held for sale, at fair value 4,304 3,564
Other loans held for sale 75 439
Loans and leases 122,195 123,090
Less: Allowance for loan and lease losses (2,194) (2,443)
Net loans and leases 120,001 120,647
Derivative assets 1,298 1,915
Premises and equipment, net 743 759
Bank-owned life insurance 2,135 1,756
Goodwill 7,050 7,050
Other assets 9,181 8,003
TOTAL ASSETS 187,217 183,349
Deposits:    
Noninterest-bearing 46,067 43,831
Interest-bearing 105,282 103,333
Total deposits 151,349 147,164
Short-term borrowed funds 70 243
Derivative liabilities 111 128
Deferred taxes, net 593 629
Long-term borrowed funds 8,316 8,346
Other liabilities 4,125 4,166
TOTAL LIABILITIES 164,564 160,676
Contingencies (refer to Note 11)
Preferred stock:    
$25.00 par value,100,000,000 shares authorized; 2,000,000 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 1,965 1,965
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 570,841,385 shares issued and 425,930,159 shares outstanding at March 31, 2021 and 569,876,133 shares issued and 427,209,831 shares outstanding at December 31, 2020 6 6
Additional paid-in capital 18,945 18,940
Retained earnings 6,866 6,445
Treasury stock, at cost, 144,911,226 and 142,666,302 shares at March 31, 2021 and December 31, 2020, respectively (4,718) (4,623)
Accumulated other comprehensive loss (411) (60)
TOTAL STOCKHOLDERS’ EQUITY 22,653 22,673
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 187,217 $ 183,349
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.