Securities (Tables)

9 Months Ended

Sep. 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:

			Amortized	Unrealized	Unrealized	Fair
September 30, 2011 ($ in millions)			Cost	Gains	Losses	Value
Available-for-sale and other:
	U.S. Treasury and government agencies	$	201	1	-	202
	U.S. Government sponsored agencies		1,808	182	-	1,990
	Obligations of states and political subdivisions		101	4	-	105
	Agency mortgage-backed securities		10,413	605	(1)	11,017
	Other bonds, notes and debentures		1,567	17	(11)	1,573
	Other securities(a)		1,337	3	-	1,340
Total		$	15,427	812	(12)	16,227
Held-to-maturity:
	Obligations of states and political subdivisions	$	335	-	-	335
	Other debt securities		2	-	-	2
Total		$	337	-	-	337

			Amortized	Unrealized	Unrealized	Fair
December 31, 2010 ($ in millions)			Cost	Gains	Losses	Value
Available-for-sale and other:
	U.S. Treasury and government agencies	$	225	5	0	230
	U.S. Government sponsored agencies		1,564	81	0	1,645
	Obligations of states and political subdivisions		170	2	0	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	0	0	1,052
Total		$	14,919	542	(47)	15,414
Held-to-maturity:
	Obligations of states and political subdivisions	$	348	0	0	348
	Other debt securities		5	0	0	5
Total		$	353	0	0	353

			Amortized	Unrealized	Unrealized	Fair
September 30, 2010 ($ in millions)			Cost	Gains	Losses	Value
Available-for-sale and other:
	U.S. Treasury and government agencies	$	300	11	-	311
	U.S. Government sponsored agencies		1,691	160	-	1,851
	Obligations of states and political subdivisions		191	4	-	195
	Agency mortgage-backed securities		10,878	473	(4)	11,347
	Other bonds, notes and debentures		995	28	(5)	1,018
	Other securities(a)		1,253	-	-	1,253
Total		$	15,308	676	(9)	15,975
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 $345, respectively,at September 30, 2011, $524 and $344, respectively,at December 31, 2010, and $551 and $343, respectively, at September 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		Nine Months Ended
		September 30,		September 30,
($ in millions)		2011	2010	2011	2010
Realized gains	$	48	3	65	31
Realized losses		(9)	(3)	(9)	(7)
Net realized gains	$	39	0	56	24

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 September 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	$	898	918	59	59
	1-5 years		11,387	11,999	244	244
	5-10 years		1,768	1,935	18	18
	Over 10 years		37	35	16	16
Other securities			1,337	1,340	0	0
Total		$	15,427	16,227	337	337

(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
			Unrealized		Unrealized		Unrealized
($ in millions)		Fair Value	Losses	Fair Value	Losses	Fair Value	Losses
September 30, 2011
U.S. Treasury and government agencies	$	100	-	-	-	100	-
U.S. Government sponsored agencies		-	-	-	-	-	-
Obligations of states and political subdivisions		-	-	3	-	3	-
Agency mortgage-backed securities		27	-	11	(1)	38	(1)
Other bonds, notes and debentures		622	(6)	45	(5)	667	(11)
Other securities		-	-	-	-	-	-
Total	$	749	(6)	59	(6)	808	(12)

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)

September 30, 2010
U.S. Treasury and government agencies	$	75	-	1	-	76	-
U.S. Government sponsored agencies		-	-	-	-	-	-
Obligations of states and political subdivisions		1	-	3	-	4	-
Agency mortgage-backed securities		995	(4)	-	-	995	(4)
Other bonds, notes and debentures		1	-	50	(5)	51	(5)
Other securities		-	-	-	-	-	-
Total	$	1,072	(4)	54	(5)	1,126	(9)