v3.26.1
Borrowed Funds
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Borrowed Funds BORROWED FUNDSThe following table shows the carrying value of total borrowed funds at March 31, 2026 (including adjustments related to accounting hedges, purchase accounting and unamortized original issuance discounts) by remaining contractual maturity
Table 64: Borrowed Funds
In millions
Less than 1 year$13,076 
1 to 2 years16,556 
2 to 3 years6,912 
3 to 4 years6,708 
4 to 5 years3,206 
Over 5 years20,208 
Total$66,666 
The following table presents the contractual rates and maturity dates of our FHLB advances, senior debt and subordinated debt as of March 31, 2026, and the carrying values as of March 31, 2026 and December 31, 2025.
Table 65: FHLB Advances, Senior Debt and Subordinated Debt
 Stated RateMaturityCarrying Value
Dollars in millionsMarch 31, 2026March 31, 2026March 31, 2026December 31, 2025
Parent Company
Senior debt
1.15% - 6.88%
2026 - 2036$33,789 $32,650 
Subordinated debt
4.63% - 5.42%
2033 - 20412,302 808 
Junior subordinated debt
4.50%
2028206 206 
Total Parent Company 36,297 33,664 
Bank
Federal Home Loan Bank advances (a)
3.25% - 4.22%
2026 - 203121,417 13,000 
Senior debt
3.10% - 4.54%
2027 - 20434,232 5,992 
Subordinated debt
2.70% - 5.90%
2026 - 20291,994 2,002 
Total Bank  27,643 20,994 
Total $63,940 $54,658 
(a)FHLB advances are generally collateralized by residential mortgage loans, other mortgage-related loans and investment securities.
In Table 65, the carrying values for parent company senior and subordinated debt include basis adjustments of $(151) million and $(40) million, respectively, whereas Bank senior and subordinated debt include basis adjustments of $(37) million and $(73) million, respectively, related to fair value accounting hedges as of March 31, 2026.
Certain borrowings are reported at fair value. Refer to Note 12 Fair Value for more information on those borrowings.
For further information regarding junior subordinated debentures, refer to Note 9 Borrowed Funds in our 2025 Form 10-K.