XML 77 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2016
Investment Securities  
Available-for-Sale and Other 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 other and held-to-maturity investment securities portfolios as of December 31:
20162015
AmortizedUnrealizedUnrealizedFair AmortizedUnrealizedUnrealizedFair
($ in millions)CostGainsLossesValueCostGainsLossesValue
Available-for-sale and other securities:
U.S. Treasury and federal agencies securities$5472-5491,15532-1,187
Obligations of states and political subdivisions securities441-45502-52
Mortgage-backed securities:
Agency residential mortgage-backed securities(a)15,525178(95)15,60814,811283(13)15,081
Agency commercial mortgage-backed securities9,02987(61)9,0557,795100(33)7,862
Non-agency commercial mortgage-backed securities3,07651(15)3,1122,80135(32)2,804
Asset-backed securities and other debt securities2,10628(18)2,1161,36313(21)1,355
Equity securities(b)6973(2)6987032(2)703
Total available-for-sale and other securities$31,024350(191)31,18328,678467(101)29,044
Held-to-maturity securities:
Obligations of states and political subdivisions securities$24--2468--68
Asset-backed securities and other debt securities2--22--2
Total held-to-maturity securities$26--2670--70

  • Includes interest-only mortgage-backed securities of $60 and $50 as of December 31, 2016 and 2015, respectively, recorded at fair value with fair value changes recorded in securities gains, net, in the Consolidated Statements of Income.
  • Equity securities consist of FHLB, FRB and DTCC restricted stock holdings of $248, $358, and $1, respectively, at December 31, 2016 and $248, $355 and $1, respectively, at December 31, 2015, that are carried at cost, and certain mutual fund and equity security holdings.
Realized Gains and Losses Recognized in Income from Securities
The following table presents realized gains and losses that were recognized in income from available-for-sale securities for the years ended December 31:
($ in millions)201620152014
Realized gains$729770
Realized losses(45)(76)(9)
OTTI(16)(5)(24)
Net realized gains(a)$111637

(a) Excludes net losses on interest-only mortgage-backed securities of $4, $4 and $17 for the years ended December 31, 2016, 2015 and 2014, respectively

Trading securities were $410 million as of December 31, 2016, compared to $386 million at December 31, 2015. The following table presents total gains and losses that were recognized in income from trading securities for the years ended December 31:
($ in millions)201620152014
Realized gains(a)$968
Realized losses(b)(13)(10)(7)
Net unrealized gains (losses)(c)4(3)(3)
Total trading securities losses$-(7)(2)

  • Includes realized gains of $7, $6 and $4 for the years ended December 31, 2016, 2015 and 2014, respectively, recorded in corporate banking revenue and wealth and asset management revenue in the Consolidated Statements of Income.
  • Includes realized losses of $10, $10 and $7 for the years ended December 31, 2016, 2015 and 2014, respectively, recorded in corporate banking revenue and wealth and asset management revenue in the Consolidated Statements of Income.
  • Includes an immaterial amount of net unrealized gains for the years ended December 31, 2016 and 2015, respectively, and an immaterial amount of net unrealized losses for the year ended 2014 recorded in corporate banking revenue and wealth and asset management revenue in the Consolidated Statements of Income.
Other Than Temporary Impairment Credit Losses Recognized In Earnings
The following table provides a summary of OTTI by security type:
($ in millions)201620152014
Available-for-sale and other debt securities$(15)(5)(24)
Available-for-sale equity securities(1)--
Total OTTI(a)$(16)(5)(24)

(a) Included in securities gains, net, in the Consolidated Statements of Income.
Amortized Cost and Fair Value of Available-for-Sale and Other and Held-to-Maturity Securities
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 and other and held-to-maturity investment securities as of December 31, 2016 are shown in the following table:
Available-for-Sale and OtherHeld-to-Maturity
($ in millions)Amortized CostFair ValueAmortized CostFair Value
Debt securities:(a)
Less than 1 year$32833222
1-5 years7,2907,3471111
5-10 years20,04320,1461212
Over 10 years2,6662,66011
Equity securities697698--
Total$31,02431,1832626

(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 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 December 31:
Less than 12 months12 months or moreTotal
UnrealizedUnrealizedUnrealized
($ in millions)Fair ValueLossesFair ValueLossesFair ValueLosses
2016
U.S. Treasury and federal agencies securities$199---199-
Agency residential mortgage-backed securities6,223(88)172(7)6,395(95)
Agency commercial mortgage-backed securities3,183(61)--3,183(61)
Non-agency commercial mortgage-backed securities1,052(15)--1,052(15)
Asset-backed securities and other debt securities422(8)336(10)758(18)
Equity securities--37(2)37(2)
Total$11,079(172)545(19)11,624(191)
2015
Agency residential mortgage-backed securities$2,903(13)--2,903(13)
Agency commercial mortgage-backed securities3,111(33)--3,111(33)
Non-agency commercial mortgage-backed securities1,610(32)--1,610(32)
Asset-backed securities and other debt securities623(11)226(10)849(21)
Equity securities1(1)37(1)38(2)
Total$8,248(90)263(11)8,511(101)