(a)	Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $76 , $478 and $2 , respectively, at December 31, 2019 and $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 December 31:


($ in millions)	2019		2018
Trading debt securities		$ 297		287
Equity securities		564		452

The Bancorp uses investment securities as a means of managing interest rate risk, providing collateral for pledging purposes and for liquidity to satisfy regulatory requirements. As part of managing interest rate risk, the Bancorp acquires securities as a component of

its MSR

non-qualifying

hedging strategy, with net gains or losses recorded in securities gains (losses), net –

non-qualifying

hedges on MSRs in the Consolidated Statements of Income.

The following table presents securities gains (losses) recognized in the Consolidated Statements of Income as of December 31:


($ in millions)	2019			2018			2017
Available-for-sale debt and other securities:
Realized gains	$	60			72			85
Realized losses		(50	)		(82	)		(36)
OTTI		(1	)		-			(54)
Net realized gains (losses) on available-for-sale debt and other securities	$	9			(10	)		(5)
Total trading debt securities gains (losses)	$	3			(15	)		2
Total equity securities gains (losses) (a)	$	31			(44	)		7
Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (b)	$	43			(69	)		4

(a)	Includes $26 of net unrealized gains, $45 of net unrealized losses and $5 of net unrealized gains for the years ended December 31, 2019 , 2018 and 2017, respectively.

(b)

Excludes

of net securities gains for the year ended

December 31,

2019

and an insignificant amount of net securities gains (losses) for both the years ended December 31, 2018 and 2017 included in corporate banking revenue and wealth and asset management revenue in the Consolidated Statements of Income related to securities held by FTS to facilitate the timely execution of customer transactions.

At December 31, 2019 and 2018, investment securities with a fair value of $8.1 billion and $7.0 billion,

respectively, were pledged to secure borrowings,

public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law.

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 December 31, 2019 are shown in the following table:



	Available-for-Sale Debt and Other				Held-to-Maturity
($ in millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value

Debt securities: (a)
Less than 1 year	$	195		200		5		5
1-5 years		10,983		11,288		10		10
5-10 years		17,566		18,173		-		-
Over 10 years		5,666		5,811		2		2
Other securities		556		556		-		-

Total	$	34,966		36,028		17		17

(a)	Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.

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 December 31:



	Less than 12 months				12 months or more				Total
($ in millions)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

2019
Agency residential mortgage-backed securities	$	2,159		(19)		4		-		2,163		(19)
Agency commercial mortgage-backed securities		1,602		(12)		-		-		1,602		(12)
Asset-backed securities and other debt securities		367		(3)		379		(9)		746		(12)

Total	$	4,128		(34)		383		(9)		4,511		(43)

2018
U.S. Treasury and federal agencies securities	$	-		-		97		(1)		97		(1)
Agency residential mortgage-backed securities		3,235		(21)		7,892		(221)		11,127		(242)
Agency commercial mortgage-backed securities		2,022		(37)		5,260		(127)		7,282		(164)
Non-agency commercial mortgage-backed securities		884		(6)		1,621		(41)		2,505		(47)
Asset-backed securities and other debt securities		314		(6)		241		(4)		555		(10)

Total	$	6,455		(70)		15,111		(394)		21,566		(464)

At both December 31, 2019 and 2018, an immaterial amount of unrealized losses in the

available-for-sale

debt and other securities portfolio were comprised of

non-rated

securities.