Securities (Tables)

12 Months Ended

Dec. 31, 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 December 31:

			2011				2010
			Amortized	Unrealized	Unrealized	Fair	Amortized	Unrealized	Unrealized	Fair
($ in millions)			Cost	Gains	Losses	Value	Cost	Gains	Losses	Value
Available-for-sale and other:
	U.S. Treasury and government agencies	$	171	-	-	171	225	5	0	230
	U.S. Government sponsored agencies		1,782	180	-	1,962	1,564	81	0	1,645
	Obligations of states and political subdivisions		96	5	-	101	170	2	0	172
	Agency mortgage-backed securities		9,743	542	(1)	10,284	10,570	435	(32)	10,973
	Other bonds, notes and debentures		1,792	29	(9)	1,812	1,338	19	(15)	1,342
	Other securities(a)		1,030	2	-	1,032	1,052	0	0	1,052
Total		$	14,614	758	(10)	15,362	14,919	542	(47)	15,414
Held-to-maturity:
	Obligations of states and political subdivisions	$	320	-	-	320	348	0	0	348
	Other debt securities		2	-	-	2	5	0	0	5
Total		$	322	-	-	322	353	0	0	353

(a) Other securities consist of FHLB and FRB restricted stock holdings of $497 and $345, respectively,at December 31, 2011 and, $524 and $344, respectively,at December 31, 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 for the years ended December 31:

($ in millions)		2011	2010	2009
Realized gains	$	75	69	91
Realized losses		0	(13)	(34)
Net realized gains	$	75	56	57

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

The expected maturity distribution of the Bancorp's agency mortgage-backed securities and the contractual maturity distribution of the Bancorp's other available-for-sale and held-to-maturity securities as of December 31, 2011 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	$	884	906	36	36
	1-5 years		10,599	11,197	255	255
	5-10 years		1,351	1,462	16	16
	Over 10 years		750	765	15	15
Other securities			1,030	1,032	0	0
Total		$	14,614	15,362	322	322

(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 December 31:

		Less than 12 months		12 months or more		Total
			Unrealized		Unrealized		Unrealized
($ in millions)		Fair Value	Losses	Fair Value	Losses	Fair Value	Losses
2011
U.S. Treasury and government agencies	$	70	-	1	-	71	-
U.S. Government sponsored agencies		-	-	-	-	-	-
Obligations of states and political subdivisions		-	-	2	-	2	-
Agency mortgage-backed securities		34	(1)	6	-	40	(1)
Other bonds, notes and debentures		523	(4)	38	(5)	561	(9)
Other securities		6	-	-	-	6	-
Total	$	633	(5)	47	(5)	680	(10)
2010
U.S. Treasury and government agencies	$	0	0	1	0	1	0
U.S. Government sponsored agencies		0	0	0	0	0	0
Obligations of states and political subdivisions		11	0	4	0	15	0
Agency mortgage-backed securities		1,555	(32)	0	0	1,555	(32)
Other bonds, notes and debentures		563	(10)	47	(5)	610	(15)
Other securities		0	0	0	0	0	0
Total	$	2,129	(42)	52	(5)	2,181	(47)