Securities (Tables)

6 Months Ended

Jun. 30, 2011

Available-for-Sale and Held-to-Maturity Securities

The following table provides the amortized cost, fair value and unrealized gains and losses for the major categories of the available-for-sale and held-to-maturity securities portfolios as of:

June 30, 2011 ($ in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Available-for-sale and other:
U.S. Treasury and government agencies	$	199		7		—			206
U.S. Government sponsored agencies		2,141		118		—			2,259
Obligations of states and political subdivisions		113		2		—			115
Agency mortgage-backed securities		10,269		475		(4	)		10,740
Other bonds, notes and debentures		1,135		17		(6	)		1,146
Other securities(a)		1,032		4		—			1,036
Total	$	14,889		623		(10	)		15,502
Held-to-maturity:
Obligations of states and political subdivisions	$	340		—		—			340
Other debt securities		4		—		—			4
Total	$	344		—		—			344
December 31, 2010 ($ in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Available-for-sale and other:
U.S. Treasury and government agencies	$	225		5		—			230
U.S. Government sponsored agencies		1,564		81		—			1,645
Obligations of states and political subdivisions		170		2		—			172
Agency mortgage-backed securities		10,570		435		(32	)		10,973
Other bonds, notes and debentures		1,338		19		(15	)		1,342
Other securities(a)		1,052		—		—			1,052
Total	$	14,919		542		(47	)		15,414
Held-to-maturity:
Obligations of states and political subdivisions	$	348		—		—			348
Other debt securities		5		—		—			5
Total	$	353		—		—			353
June 30, 2010 ($ in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Available-for-sale and other:
U.S. Treasury and government agencies	$	475		7		—			482
U.S. Government sponsored agencies		1,692		104		—			1,796
Obligations of states and political subdivisions		196		3		—			199
Agency mortgage-backed securities		10,109		539		(1	)		10,647
Other bonds, notes and debentures		946		28		(15	)		959
Other securities(a)		1,938		—		—			1,938
Total	$	15,356		681		(16	)		16,021
Held-to-maturity:
Obligations of states and political subdivisions	$	349		—		—			349
Other debt securities		5		—		—			5
Total	$	354		—		—			354

(a) Other securities consist of FHLB and FRB restricted stock holdings of $497 and $344, respectively at June 30, 2011, $524 and $344, respectively at December 31, 2010, and $551 and $343, respectively, at June 30, 2010, that are carried at cost, and certain mutual fund and equity security holdings.

Realized Gains and Losses Recognized in Income from Available-for-Sale Securities

The following table presents realized gains and losses that were recognized in income from available-for-sale securities:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
($ in millions)	2011		2010		2011		2010
Realized gains	$	5		11		17		27
Realized losses		—		—		—		(4	)
Net realized gains	$	5		11		17		23

Amortized Cost and Fair Value of Available-for-Sale and Held-to-Maturity Securities

The amortized cost and fair value of available-for-sale and held-to-maturity securities at June 30, 2011, by contractual maturity, are shown in the following table:

	Available-for-Sale & Other				Held-to-Maturity
($ in millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Debt securities:(a)
Under 1 year	$	508		517		29		29
1-5 years		8,611		9,041		242		242
5-10 years		4,528		4,694		50		50
Over 10 years		210		214		23		23
Other securities		1,032		1,036		—		—
Total	$	14,889		15,502		344		344

(a) Actual maturities may differ from contractual maturities when there exists a right to call or prepay obligations 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 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 months					12 months or more					Total
($ in millions)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
June 30, 2011
U.S. Treasury and government agencies	$	—		—			—		—			—		—
U.S. Government sponsored agencies		—		—			—		—			—		—
Obligations of states and political subdivisions		—		—			3		—			3		—
Agency mortgage-backed securities		606		(4	)		—		—			606		(4	)
Other bonds, notes and debentures		324		(3	)		37		(3	)		361		(6	)
Other securities		—		—			—		—			—		—
Total	$	930		(7	)		40		(3	)		970		(10	)
December 31, 2010
U.S. Treasury and government agencies	$	—		—			1		—			1		—
U.S. Government sponsored agencies		—		—			—		—			—		—
Obligations of states and political subdivisions		11		—			4		—			15		—
Agency mortgage-backed securities		1,555		(32	)		—		—			1,555		(32	)
Other bonds, notes and debentures		563		(10	)		47		(5	)		610		(15	)
Other securities		—		—			—		—			—		—
Total	$	2,129		(42	)		52		(5	)		2,181		(47	)
June 30, 2010
U.S. Treasury and government agencies	$	150		—			1		—			151		—
U.S. Government sponsored agencies		—		—			—		—			—		—
Obligations of states and political subdivisions		2		—			3		—			5		—
Agency mortgage-backed securities		114		(1	)		—		—			114		(1	)
Other bonds, notes and debentures		60		(6	)		60		(9	)		120		(15	)
Other securities		—		—			—		—			—		—
Total	$	326		(7	)		64		(9	)		390		(16	)