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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Investment Securities
The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity investment securities portfolios as of:
AmortizedUnrealizedUnrealizedFair
March 31, 2019 ($ in millions)CostGainsLossesValue
Available-for-sale debt and other securities:
U.S. Treasury and federal agency securities$7961-797
Obligations of states and political subdivisions securities6--6
Mortgage-backed securities:
Agency residential mortgage-backed securities15,614177(102)15,689
Agency commercial mortgage-backed securities12,382181(50)12,513
Non-agency commercial mortgage-backed securities3,33843(6)3,375
Asset-backed securities and other debt securities2,06732(12)2,087
Other securities(a)581--581
Total available-for-sale debt and other securities$34,784434(170)35,048
Held-to-maturity securities:
Obligations of states and political subdivisions securities$16--16
Asset-backed securities and other debt securities5--5
Total held-to-maturity securities$21--21

Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $137, $442 and $2, respectively, at March 31, 2019, that are carried at cost.

AmortizedUnrealizedUnrealizedFair
December 31, 2018 ($ in millions)CostGainsLossesValue
Available-for-sale debt and other securities:
U.S. Treasury and federal agency securities$98-(1)97
Obligations of states and political subdivisions securities2--2
Mortgage-backed securities:
Agency residential mortgage-backed securities16,40386(242)16,247
Agency commercial mortgage-backed securities10,77044(164)10,650
Non-agency commercial mortgage-backed securities3,3059(47)3,267
Asset-backed securities and other debt securities1,99827(10)2,015
Other securities(a)552--552
Total available-for-sale debt and other securities$33,128166(464)32,830
Held-to-maturity securities:
Obligations of states and political subdivisions securities$16--16
Asset-backed securities and other debt securities2--2
Total held-to-maturity securities$18--18

Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $184, $366 and $2, respectively, at December 31, 2018, that are carried at cost.

The following table provides the fair value of trading debt securities and equity securities as of:
March 31,December 31,
($ in millions)20192018
Trading debt securities$325287
Equity securities426452
Realized Gains and Losses Recognized in Income from Investment Securities
The following table presents securities gains (losses) recognized in the Condensed Consolidated Statements of Income:
For the three months ended
March 31,
($ in millions)20192018
Available-for-sale debt and other securities:
Realized gains$1335
Realized losses(14)(43)
OTTI--
Net realized losses on available-for sale debt and other securities$(1)(8)
Total trading debt securities gains (losses)$3(13)
Total equity securities gains (losses)(a) $17(3)
Total gains (losses) recognized in income from available-for-sale debt and other securities,
trading debt securities and equity securities(b)$19(24)

Includes a net unrealized gain of $19 and a net unrealized loss of $2 for the three months ended March 31, 2019 and 2018, respectively.

Excludes an insignificant amount of securities gains (losses) included in corporate banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income related to securities held by FTS to facilitate the timely execution of customer transactions.
Amortized Cost and Fair Value of Available-for-Sale Debt 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 debt and other securities and held-to-maturity investment securities as of March 31, 2019 are shown in the following table:
Available-for-Sale Debt and OtherHeld-to-Maturity
($ in millions)Amortized CostFair ValueAmortized CostFair Value
Debt securities:(a)
Less than 1 year$821819--
1-5 years11,52111,6551616
5-10 years17,14817,253--
Over 10 years4,7134,74055
Other securities581581--
Total$34,78435,0482121

(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 debt 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:
Less than 12 months12 months or moreTotal
UnrealizedUnrealizedUnrealized
($ in millions)Fair ValueLossesFair ValueLossesFair ValueLosses
March 31, 2019
U.S. Treasury and federal agency securities$--74-74-
Obligations of states and political subdivisions3---3-
Agency residential mortgage-backed securities539(1)5,737(101)6,276(102)
Agency commercial mortgage-backed securities358(2)2,992(48)3,350(50)
Non-agency commercial mortgage-backed securities--685(6)685(6)
Asset-backed securities and other debt securities435(7)191(5)626(12)
Total$1,335(10)9,679(160)11,014(170)
December 31, 2018
U.S. Treasury and federal agency securities$--97(1)97(1)
Agency residential mortgage-backed securities3,235(21)7,892(221)11,127(242)
Agency commercial mortgage-backed securities2,022(37)5,260(127)7,282(164)
Non-agency commercial mortgage-backed securities884(6)1,621(41)2,505(47)
Asset-backed securities and other debt securities314(6)241(4)555(10)
Total$6,455(70)15,111(394)21,566(464)