Other Securities

12 Months Ended

Dec. 31, 2019

Banking and Thrift, Interest [Abstract]

Other Securities

 OTHER SECURITIES

Following is a summary of non-marketable equity securities:

TABLE 4.1

December 31	2019		2018
(in millions)
Federal Home Loan Bank stock	$	256	$	209
Federal Reserve Bank stock	123		122
Other non-marketable equity securities	1		1
Total non-marketable equity securities	$	380	$	332

We are a member of the FHLB of Pittsburgh and the FRB of Cleveland. Both institutions require members to purchase and hold a specified minimum level of stock based upon their membership, level of borrowings, collateral balances or participation in other programs. The FHLB and FRB stock is restricted in that they can only be sold back to the respective institutions. These non-marketable equity securities are included in other assets on the Consolidated Balance Sheets. The investments are carried at cost and evaluated for impairment periodically based on the ultimate recoverability of the par value. We determined there was no impairment at December 31, 2019 and 2018.