Our deposits, which include checking accounts, money market deposits, negotiable order of withdrawals, savings deposits, time deposits, and sweep accounts, represent our largest source of funding for our assets and operations. We also use a variety of other funding sources including short-term borrowings, senior and subordinated notes, securitized debt obligations and other borrowings. Securitized debt obligations are presented separately on our consolidated balance sheets, as they represent obligations of consolidated securitization trusts. Federal funds purchased and securities loaned or sold under agreements to repurchase, senior and subordinated notes and other borrowings, including FHLB advances, are included in other debt on our consolidated balance sheets.

Our total short-term borrowings generally consist of federal funds purchased, securities loaned or sold under agreements to repurchase and FHLB advances. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of March 31, 2026 and December 31, 2025. 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.


(Dollars in millions)	March 31, 2026		December 31, 2025
Deposits:
Non-interest-bearing deposits	$	27,936	$	27,385
Interest-bearing deposits(1)	461,117		448,386
Total deposits	$	489,053	$	475,771
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	626	$	587
Short-term FHLB advances	1,000		500
Total short-term borrowings	$	1,626	$	1,087


	March 31, 2026						December 31, 2025
(Dollars in millions)	Maturity Dates	Stated Interest Rates	Weighted-Average Interest Rate		Carrying Value		Carrying Value
Long-term debt:
Securitized debt obligations	2026-2035	1.03% - 5.82%	3.51	%	$	11,283	$	12,853
Senior and subordinated notes:
Fixed unsecured senior debt(2)	2026-2037	1.65 - 7.96	5.06		33,767		31,335


Fixed unsecured subordinated debt	2026-2036	2.36 - 6.18	4.59		4,654		4,666
Total senior and subordinated notes					38,421		36,001
Other long-term borrowings
FHLB advances	2030	4.77 - 4.82	4.82		536		1,037
Finance lease liabilities	2026-2030	3.74 - 9.91	5.58		22		22
Total other long-term borrowings					$	558	$	1,059
Total long-term debt					$	50,262	$	49,913
Total short-term borrowings and long-term debt					$	51,888	$	51,000

(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, 2026, the total time deposit amount with some portion in excess of the insured amount was $17.7 billion and the portion of total time deposits estimated to be uninsured was $13.4 billion. As of December 31, 2025, the total time deposit amount with some portion in excess of the insured amount was $17.4 billion and the portion of total time deposits estimated to be uninsured was $12.9 billion.