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SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available for Sale
The amortized cost and fair value of AFS debt securities for the current period are as follows. There was no ACL in the AFS portfolio during the six months ended June 30, 2020. Accrued interest receivable on AFS debt securities totaled $7.1 million at June 30, 2020 and is excluded from the estimate of credit losses and recorded separately in other assets in the Consolidated Balance Sheets. Accordingly, we have excluded accrued interest receivable from both the fair value and the amortized cost basis of AFS debt securities.
TABLE 3.1
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities AFS:
June 30, 2020
U.S. Treasury$300  $—  $—  $300  
U.S. government agencies153  —  (1) 152  
U.S. government-sponsored entities155  2  —  157  
Residential mortgage-backed securities:
Agency mortgage-backed securities1,156  44  —  1,200  
Agency collateralized mortgage obligations1,045  35  —  1,080  
Commercial mortgage-backed securities385  18  —  403  
States of the U.S. and political subdivisions (municipals)7  —  —  7  
Other debt securities2  —  —  2  
Total debt securities AFS$3,203  $99  $(1) $3,301  
The amortized cost and fair value of debt securities AFS for December 31, 2019 are as follows:
TABLE 3.2
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities AFS:
December 31, 2019
U.S. government agencies$152  $—  $(1) $151  
U.S. government-sponsored entities225  1  —  226  
Residential mortgage-backed securities:
Agency mortgage-backed securities1,310  7  (3) 1,314  
Agency collateralized mortgage obligations1,234  10  (4) 1,240  
Commercial mortgage-backed securities341  6  (2) 345  
States of the U.S. and political subdivisions (municipals)11  —  —  11  
Other debt securities2  —  —  2  
Total debt securities AFS$3,275  $24  $(10) $3,289  
Schedule of Amortized Cost and Fair Value of Securities Held to Maturity
The amortized cost and fair value of HTM debt securities for the current period are presented in the table below. The ACL for the HTM municipal bond portfolio was $0.06 million at June 30, 2020. Accrued interest receivable on HTM debt securities totaled $13.1 million at June 30, 2020 and is excluded from the estimate of credit losses and recorded separately in other assets in the Consolidated Balance Sheets.
TABLE 3.3
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
June 30, 2020
U.S. Treasury$1  $—  $—  $1  
U.S. government agencies1  —  —  1  
U.S. government-sponsored entities160  2  —  162  
Residential mortgage-backed securities:
Agency mortgage-backed securities893  35  —  928  
Agency collateralized mortgage obligations632  21  —  653  
Commercial mortgage-backed securities259  12  —  271  
States of the U.S. and political subdivisions (municipals)1,104  42  —  1,146  
Total debt securities HTM$3,050  $112  $—  $3,162  
The amortized cost and fair value of HTM debt securities for December 31, 2019 are as follows:
TABLE 3.4
(in millions)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
 Value
Debt Securities HTM:
December 31, 2019
U.S. Treasury$1  $—  $—  $1  
U.S. government agencies1  —  —  1  
U.S. government-sponsored entities175  —  —  175  
Residential mortgage-backed securities:
Agency mortgage-backed securities949  8  (2) 955  
Agency collateralized mortgage obligations721  5  (6) 720  
Commercial mortgage-backed securities308  3  (2) 309  
States of the U.S. and political subdivisions (municipals)1,120  26  (2) 1,144  
Total debt securities HTM$3,275  $42  $(12) $3,305  
Amortized Cost and Fair Value of Securities, by Contractual Maturities
As of June 30, 2020, the amortized cost and fair value of debt securities, by contractual maturities, were as follows:
TABLE 3.5
Available for SaleHeld to Maturity
(in millions)Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in one year or less$346  $346  $123  $125  
Due after one year but within five years120  122  54  55  
Due after five years but within ten years71  71  123  126  
Due after ten years80  79  966  1,004  
617  618  1,266  1,310  
Residential mortgage-backed securities:
Agency mortgage-backed securities1,156  1,200  893  928  
Agency collateralized mortgage obligations1,045  1,080  632  653  
Commercial mortgage-backed securities385  403  259  271  
Total debt securities$3,203  $3,301  $3,050  $3,162  
Schedule of Securities Pledged as Collateral
Following is information relating to securities pledged:
TABLE 3.6
(dollars in millions)June 30,
2020		December 31,
2019
Securities pledged (carrying value):
To secure public deposits, trust deposits and for other purposes as required by law$4,778  $4,494  
As collateral for short-term borrowings332  285  
Securities pledged as a percent of total securities80.5 %72.8 %
Summaries of Fair Values and Unrealized Losses of Impaired Securities, Segregated by Length of Impairment
Following are summaries of the fair values of AFS debt securities in an unrealized loss position for which an ACL has not been recorded, segregated by surety type and length of continuous loss position:

TABLE 3.7
Less than 12 Months12 Months or MoreTotal
(dollars in millions)#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses
Debt Securities AFS
June 30, 2020
U.S. government agencies7  $75  $—  14  $52  $(1) 21  $127  $(1) 
Residential mortgage-backed securities:
Agency collateralized mortgage obligations1  13  —  —  —  —  1  13  —  
Other debt securities—  —  —  1  2  —  1  2  —  
Total 8  $88  $—  15  $54  $(1) 23  $142  $(1) 
Less than 12 Months12 Months or MoreTotal
(dollars in millions)#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses
Debt Securities AFS
December 31, 2019
U.S. government agencies5  $48  $—  15  $61  $(1) 20  $109  $(1) 
U.S. government-sponsored entities—  —  —  6  130  —  6  130  —  
Residential mortgage-backed securities:
Agency mortgage-backed securities13  200  (1) 24  314  (2) 37  514  (3) 
Agency collateralized mortgage obligations11  323  (1) 32  205  (3) 43  528  (4) 
Commercial mortgage-backed securities3  114  (2) —  —  —  3  114  (2) 
Other debt securities—  —  —  1  2  —  1  2  —  
Total temporarily impaired debt securities AFS32  $685  $(4) 78  $712  $(6) 110  $1,397  $(10)