Securities (Tables)

3 Months Ended

Mar. 31, 2012

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
March 31, 2012 ($ in millions)			Cost	Gains	Losses	Value
Available-for-sale and other:
	U.S. Treasury and government agencies	$	51	-	-	51
	U.S. Government sponsored agencies		1,782	172	-	1,954
	Obligations of states and political subdivisions		210	4	-	214
	Agency mortgage-backed securities		9,834	525	(1)	10,358
	Other bonds, notes and debentures		2,315	55	(5)	2,365
	Other securities(a)		1,149	2	-	1,151
Total		$	15,341	758	(6)	16,093
Held-to-maturity:
	Obligations of states and political subdivisions	$	319	-	-	319
	Other debt securities		2	-	-	2
Total		$	321	-	-	321

			Amortized	Unrealized	Unrealized	Fair
December 31, 2011 ($ in millions)			Cost	Gains	Losses	Value
Available-for-sale and other:
	U.S. Treasury and government agencies	$	171	-	-	171
	U.S. Government sponsored agencies		1,782	180	-	1,962
	Obligations of states and political subdivisions		96	5	-	101
	Agency mortgage-backed securities		9,743	542	(1)	10,284
	Other bonds, notes and debentures		1,792	29	(9)	1,812
	Other securities(a)		1,030	2	-	1,032
Total		$	14,614	758	(10)	15,362
Held-to-maturity:
	Obligations of states and political subdivisions	$	320	-	-	320
	Other debt securities		2	-	-	2
Total		$	322	-	-	322
			Amortized	Unrealized	Unrealized	Fair
March 31, 2011 ($ in millions)			Cost	Gains	Losses	Value
Available-for-sale and other:
	U.S. Treasury and government agencies	$	225	3	-	228
	U.S. Government sponsored agencies		1,669	70	-	1,739
	Obligations of states and political subdivisions		152	1	-	153
	Agency mortgage-backed securities		10,439	385	(39)	10,785
	Other bonds, notes and debentures		1,177	20	(14)	1,183
	Other securities(a)		1,045	3	(1)	1,047
Total		$	14,707	482	(54)	15,135
Held-to-maturity:
	Obligations of states and political subdivisions	$	341	-	-	341
	Other debt securities		5	-	-	5
Total		$	346	-	-	346

(a) Other securities consist of FHLB and FRB restricted stock holdings of $497 and $345, respectively,at March 31, 2012and December 31, 2011, and $524 and $344, respectively, at March 31, 2011, 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 three months ended
		March 31,
($ in millions)		2012	2011
Realized gains	$	7	12
Realized losses		0	0
Net realized gains	$	7	12

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 March 31, 2012 are shown in the following table.

			Available-for-Sale and Other		Held-to-Maturity
($ in millions)			Amortized Cost	Fair Value	Amortized Cost	Fair Value
Debt securities:(a)
	Under 1 year	$	612	629	36	36
	1-5 years		10,473	11,044	254	254
	5-10 years		1,996	2,125	16	16
	Over 10 years		1,111	1,144	15	15
Other securities			1,149	1,151	0	0
Total		$	15,341	16,093	321	321

(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
March 31, 2012
U.S. Treasury and government agencies	$	-	-	-	-	-	-
U.S. Government sponsored agencies		-	-	-	-	-	-
Obligations of states and political subdivisions		85	-	1	-	86	-
Agency mortgage-backed securities		78	(1)	2	-	80	(1)
Other bonds, notes and debentures		337	(5)	10	-	347	(5)
Other securities		13	-	-	-	13	-
Total	$	513	(6)	13	-	526	(6)
December 31, 2011
U.S. Treasury and government agencies	$	70	0	1	0	71	0
U.S. Government sponsored agencies		0	0	0	0	0	0
Obligations of states and political subdivisions		0	0	2	0	2	0
Agency mortgage-backed securities		34	(1)	6	0	40	(1)
Other bonds, notes and debentures		523	(4)	38	(5)	561	(9)
Other securities		6	0	0	0	6	0
Total	$	633	(5)	47	(5)	680	(10)
March 31, 2011
U.S. Treasury and government agencies	$	0	0	1	0	1	0
U.S. Government sponsored agencies		50	0	0	0	50	0
Obligations of states and political subdivisions		5	0	3	0	8	0
Agency mortgage-backed securities		1,807	(39)	0	0	1,807	(39)
Other bonds, notes and debentures		511	(11)	38	(3)	549	(14)
Other securities		5	(1)	0	0	5	(1)
Total	$	2,378	(51)	42	(3)	2,420	(54)