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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities
The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of:
March 31, 2023 ($ in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$2,828 1 (140)2,689 
Obligations of states and political subdivisions securities3 — — 3 
Mortgage-backed securities:
Agency residential mortgage-backed securities12,246 6 (1,179)11,073 
Agency commercial mortgage-backed securities29,231 10 (3,058)26,183 
Non-agency commercial mortgage-backed securities5,057 — (507)4,550 
Asset-backed securities and other debt securities5,703 2 (374)5,331 
Other securities(a)
890 — — 890 
Total available-for-sale debt and other securities$55,958 19 (5,258)50,719 
Held-to-maturity securities:
Asset-backed securities and other debt securities$2 — — 2 
Total held-to-maturity securities$2 — — 2 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $396, $491 and $3, respectively, at March 31, 2023, that are carried at cost.

December 31, 2022 ($ in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$2,683 — (188)2,495 
Obligations of states and political subdivisions securities18 — — 18 
Mortgage-backed securities:
Agency residential mortgage-backed securities12,604 5 (1,372)11,237 
Agency commercial mortgage-backed securities29,824 11 (3,513)26,322 
Non-agency commercial mortgage-backed securities5,235 — (520)4,715 
Asset-backed securities and other debt securities6,292 3 (453)5,842 
Other securities(a)
874 — — 874 
Total available-for-sale debt and other securities$57,530 19 (6,046)51,503 
Held-to-maturity securities:
Obligations of states and political subdivisions securities$3 — — 3 
Asset-backed securities and other debt securities2 — — 2 
Total held-to-maturity securities$5 — — 5 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $381, $491 and $2, respectively, at December 31, 2022, that are carried at cost.

The following table provides the fair value of trading debt securities and equity securities as of:

($ in millions)		March 31,
2023		December 31,
2022
Trading debt securities$1,174 414 
Equity securities323 317 
Realized Gains and Losses Recognized in Income from Investment Securities
The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs:
For the three months ended March 31,
($ in millions)20232022
Available-for-sale debt and other securities:
Realized gains$29 3 
Realized losses(29)— 
Net realized gains on available-for-sale debt and other securities$— 3 
Trading debt securities:
Net realized losses— (1)
Net unrealized gains— 11 
Net trading debt securities gains$— 10 
Equity securities:
Net realized gains— 1 
Net unrealized gains (losses)4 (29)
Net equity securities gains (losses)$4 (28)
Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)
$4 (15)
(a)Excludes $1 of net securities gains and $3 of net securities losses for the three months ended March 31, 2023 and 2022, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income.
Contractual Maturity Schedule
The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of March 31, 2023 are shown in the following table:
($ in millions)Available-for-Sale Debt and OtherHeld-to-Maturity
Amortized CostFair ValueAmortized CostFair Value
Debt securities:(a)
Due in 1 year or less$136 133 — — 
Due after 1 year through 5 years13,519 12,697 — — 
Due after 5 years through 10 years30,863 27,727 — — 
Due after 10 years10,550 9,272 2 2 
Other securities890 890 — — 
Total$55,958 50,719 2 2 
(a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
Fair Value and Gross Unrealized Loss of Securities Available for Sale
The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of:
Less than 12 months12 months or moreTotal
($ in millions)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
March 31, 2023
U.S. Treasury and federal agencies securities$863 (15)1,622 (125)2,485 (140)
Obligations of states and political subdivisions securities— — 1 — 1 — 
Agency residential mortgage-backed securities4,293 (291)6,616 (888)10,909 (1,179)
Agency commercial mortgage-backed securities12,883 (1,047)12,881 (2,011)25,764 (3,058)
Non-agency commercial mortgage-backed securities788 (43)3,761 (464)4,549 (507)
Asset-backed securities and other debt securities1,529 (42)3,630 (332)5,159 (374)
Total$20,356 (1,438)28,511 (3,820)48,867 (5,258)
December 31, 2022
U.S. Treasury and federal agencies securities$2,400 (188)— — 2,400 (188)
Obligations of states and political subdivisions securities— — 1 — 1 — 
Agency residential mortgage-backed securities10,078 (1,170)938 (202)11,016 (1,372)
Agency commercial mortgage-backed securities22,083 (2,487)3,697 (1,026)25,780 (3,513)
Non-agency commercial mortgage-backed securities3,621 (272)1,059 (248)4,680 (520)
Asset-backed securities and other debt securities3,164 (178)2,495 (275)5,659 (453)
Total$41,346 (4,295)8,190 (1,751)49,536 (6,046)