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OTHER SECURITIES
 12 Months Ended
Dec. 31, 2022
Banking and Thrift, Interest [Abstract]  
OTHER SECURITIES OTHER SECURITIES
Following is a summary of non-marketable equity securities:
TABLE 5.1
December 3120222021
(in millions)
Federal Home Loan Bank stock$127 $122 
Federal Reserve Bank stock140 123 
Other non-marketable equity securities1 — 
Total non-marketable equity securities$268 $245 
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, 2022 and 2021.