KEYCORP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS See Notes to Consolidated Financial Statements. December 31, dollars in millions 2003 2002 ASSETS Cash and due from banks $ 2,712 $ 3,364 Short-term investments 1,604 1,632 Securities available for sale 7,638 8,507 Investment securities (fair value: $104 and $129) 98 120 Other investments 1,092 919 Loans, net of unearned income of $1,958 and $1,776 62,711 62,457 Less: Allowance for loan losses 1,406 1,452 Net loans 61,305 61,005 Premises and equipment 606 644 Goodwill 1,150 1,142 Other intangible assets 37 35 Corporate-owned life insurance 2,512 2,414 Accrued income and other assets 5,733 5,420 Total assets $84,487 $85,202 LIABILITIES Deposits in domestic ofGLYPH<222>ces: NOW and money market deposit accounts $18,947 $16,249 Savings deposits 2,083 2,029 CertiGLYPH<222>cates of deposit ($100,000 or more) 4,891 4,749 Other time deposits 11,008 11,946 Total interest-bearing 36,929 34,973 Noninterest-bearing 11,175 10,630 Deposits in foreign ofGLYPH<222>ce GLYPH<209> interest-bearing 2,754 3,743 Total deposits 50,858 49,346 Federal funds purchased and securities sold under repurchase agreements 2,667 3,862 Bank notes and other short-term borrowings 2,947 2,823 Accrued expense and other liabilities 5,752 5,471 Long-term debt 15,294 15,605 Corporation-obligated mandatorily redeemable preferred capital securities of subsidiary  trusts holding solely subordinated debentures of KeyCorp (see Note 13) GLYPH<209> 1,260 Total liabilities 77,518 78,367 SHAREHOLDERSGLYPH<213> EQUITY Preferred stock, $1 par value; authorized 25,000,000 shares, none issued GLYPH<209> GLYPH<209> Common shares, $1 par value; authorized 1,400,000,000 shares;  issued 491,888,780 shares 492 492 Capital surplus 1,448 1,449 Retained earnings 6,838 6,448 Treasury stock, at cost (75,394,536 and 67,945,135 shares) (1,801) (1,593) Accumulated other comprehensive income (loss) (8) 39 Total shareholdersGLYPH<213> equity 6,969 6,835 Total liabilities and shareholdersGLYPH<213> equity $84,487 $85,202 46 PREVIOUS PAGE SEARCH BACK TO CONTENTS NEXT PAGE