Quarterly report pursuant to Section 13 or 15(d)

HELD-TO-MATURITY SECURITIES (Tables)

v3.10.0.1
HELD-TO-MATURITY SECURITIES (Tables)
9 Months Ended
Sep. 30, 2018
Schedule of Held-to-maturity Securities [Line Items]  
Contractual maturities of held-to-maturity securities
Listed below are the contractual maturities of held-to-maturity securities at September 30, 2018 and December 31, 2017.
 
September 30, 2018
 
December 31, 2017
(dollar amounts in millions)
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Federal agencies:
 
 
 
 
 
 
 
Residential CMO:
 
 
 
 
 
 
 
After 5 years through 10 years
36

 
35

 

 

After 10 years
2,167

 
2,073

 
3,714

 
3,657

Total Residential CMO
2,203

 
2,108

 
3,714

 
3,657

Residential MBS:
 
 
 
 
 
 
 
After 5 years through 10 years

 

 
28

 
28

After 10 years
1,624

 
1,555

 
1,021

 
1,016

Total Residential MBS
1,624

 
1,555

 
1,049

 
1,044

Commercial MBS:
 
 
 
 
 
 
 
After 1 year through 5 years

 

 
38

 
37

After 5 years through 10 years
130

 
126

 
1

 
1

After 10 years
4,141

 
3,968

 
3,752

 
3,698

Total Commercial MBS
4,271

 
4,094

 
3,791

 
3,736

Other agencies:
 
 
 
 
 
 
 
After 1 year through 5 years
12

 
12

 
7

 
8

After 5 years through 10 years
204

 
197

 
362

 
360

After 10 years
146

 
141

 
163

 
161

Total other agencies
362


350

 
532

 
529

Total Federal agencies and other agencies
8,460

 
8,107

 
9,086

 
8,966

Municipal securities:
 
 
 
 
 
 
 
After 10 years
5

 
5

 
5

 
5

Total municipal securities
5

 
5

 
5

 
5

Total held-to-maturity securities
$
8,465

 
$
8,112

 
$
9,091

 
$
8,971

Amortized cost, gross unrealized gains and losses, and fair value by investment category
The following table provides amortized cost, gross unrealized gains and losses, and fair value by investment category at September 30, 2018 and December 31, 2017.
 
 
 
Unrealized
 
 
(dollar amounts in millions)
Amortized
Cost
 
Gross
Gains
 
Gross
Losses
 
Fair Value
September 30, 2018
 
 
 
 
 
 
 
Federal agencies:
 
 
 
 
 
 
 
Residential CMO
$
2,203

 
$

 
$
(95
)
 
$
2,108

Residential MBS
1,624

 

 
(69
)
 
1,555

Commercial MBS
4,271

 

 
(177
)
 
4,094

Other agencies
362

 

 
(12
)
 
350

Total Federal agencies and other agencies
8,460

 

 
(353
)
 
8,107

Municipal securities
5

 

 

 
5

Total held-to-maturity securities
$
8,465

 
$

 
$
(353
)
 
$
8,112

 
 
 
Unrealized
 
 
(dollar amounts in millions)
Amortized
Cost
 
Gross
Gains
 
Gross
Losses
 
Fair Value
December 31, 2017
 
 
 
 
 
 
 
Federal agencies:
 
 
 
 
 
 
 
Residential CMO
$
3,714

 
$
1

 
$
(58
)
 
$
3,657

Residential MBS
1,049

 
2

 
(7
)
 
1,044

Commercial MBS
3,791

 

 
(55
)
 
3,736

Other agencies
532

 
1

 
(4
)
 
529

Total Federal agencies and other agencies
9,086

 
4

 
(124
)
 
8,966

Municipal securities
5

 

 

 
5

Total held-to-maturity securities
$
9,091

 
$
4

 
$
(124
)
 
$
8,971

Investment securities in an unrealized loss position
The following tables provide detail on HTM securities with unrealized losses aggregated by investment category and the length of time the individual securities have been in a continuous loss position, at September 30, 2018 and December 31, 2017.
 
Less than 12 Months
 
Over 12 Months
 
Total
(dollar amounts in millions)
Fair
Value
 
Gross Unrealized
Losses
 
Fair
Value
 
Gross Unrealized
Losses
 
Fair
Value
 
Gross Unrealized
Losses
September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Federal agencies:
 
 
 
 
 
 
 
 
 
 
 
Residential CMO
$
557

 
$
(21
)
 
$
1,551

 
$
(74
)
 
$
2,108

 
$
(95
)
Residential MBS
807

 
(33
)
 
748

 
(36
)
 
1,555

 
(69
)
Commercial MBS
410

 
(15
)
 
3,683

 
(162
)
 
4,093

 
(177
)
Other agencies
192

 
(6
)
 
138

 
(6
)
 
330

 
(12
)
Total Federal agencies and other agencies
1,966

 
(75
)
 
6,120

 
(278
)
 
8,086

 
(353
)
Municipal securities

 

 
4

 

 
4

 

Total temporarily impaired securities
$
1,966

 
$
(75
)
 
$
6,124

 
$
(278
)
 
$
8,090

 
$
(353
)
 
Less than 12 Months
 
Over 12 Months
 
Total
(dollar amounts in millions)
Fair
Value
 
Gross Unrealized
Losses
 
Fair
Value
 
Gross Unrealized
Losses
 
Fair
Value
 
Gross Unrealized
Losses
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Federal agencies:
 
 
 
 
 
 
 
 
 
 
 
Residential CMO
$
2,369

 
$
(26
)
 
$
1,019

 
$
(32
)
 
$
3,388

 
$
(58
)
Residential MBS
974

 
(7
)
 

 

 
974

 
(7
)
Commercial MBS
3,456

 
(49
)
 
253

 
(6
)
 
3,709

 
(55
)
Other agencies
249

 
(2
)
 
139

 
(2
)
 
388

 
(4
)
Total Federal agencies and other agencies
7,048

 
(84
)
 
1,411

 
(40
)
 
8,459

 
(124
)
Municipal securities

 

 
5

 

 
5

 

Total temporarily impaired securities
$
7,048

 
$
(84
)
 
$
1,416

 
$
(40
)
 
$
8,464

 
$
(124
)