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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2022
Investment Securities Disclosure [Abstract]  
Investment Securities Summary The following table summarizes our available for sale and held to maturity portfolios by major security type:
Table 37: Investment Securities Summary (a)
June 30, 2022December 31, 2021
In millionsAmortized
Cost (b)		UnrealizedFair
Value		Amortized
Cost (b)		UnrealizedFair
Value
GainsLossesGainsLosses
Securities Available for Sale
U.S. Treasury and government agencies$13,877 $15 $(849)$13,043 $46,210 $324 $(370)$46,164 
Residential mortgage-backed
Agency34,240 13 (2,074)32,179 67,326 695 (389)67,632 
Non-agency762 167 (4)925 927 231 1,158 
Commercial mortgage-backed
Agency2,040 1 (94)1,947 1,740 39 (6)1,773 
Non-agency1,396 (46)1,350 3,423 31 (18)3,436 
Asset-backed112 32 (1)143 6,380 60 (31)6,409 
Other 3,548 48 (199)3,397 4,792 186 (14)4,964 
Total securities available for sale $55,975 $276 $(3,267)$52,984 $130,798 $1,566 $(828)$131,536 
Securities Held to Maturity
U.S. Treasury and government agencies$31,582 $13 $(407)$31,188 $814 $76 $890 
Residential mortgage-backed
Agency36,880 8 (840)36,048 
Non-agency288 (6)282 
Commercial mortgage-backed
Agency86 (1)85 
Non-agency1,842 3 (20)1,825 
Asset-backed6,690 3 (72)6,621 
Other2,380 11 (26)2,365 612 27 $(7)632 
Total securities held to maturity (c) (d)$79,748 $38 $(1,372)$78,414 $1,426 $103 $(7)$1,522 
(a) At June 30, 2022, the accrued interest associated with our held to maturity and available for sale portfolios totaled $191 million and $162 million, respectively. The comparable amounts at December 31, 2021 were $5 million and $322 million, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet.
(b) Amortized cost is presented net of allowance of $133 million for securities available for sale and $4 million for securities held to maturity at June 30, 2022. The comparable amounts at December 31, 2021 are $130 million and $3 million, respectively.
(c) Credit ratings represent a primary credit quality indicator used to monitor and manage credit risk. 99% and 86% of our securities held to maturity were rated AAA/AA at June 30, 2022 and December 31, 2021, respectively.
(d) Held to maturity securities transferred from available for sale are included in held to maturity at fair value at the time of the transfer. The amortized cost of held to maturity securities included net unrealized losses of $5.4 billion, at June 30, 2022, related to securities transferred, which are offset in AOCI, net of tax.
Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses
Table 38: Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses
Unrealized loss position
less than 12 months		Unrealized loss position
12 months or more		Total
In millionsUnrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value
June 30, 2022
U.S. Treasury and government agencies$(729)$10,450 $(120)$1,239 $(849)$11,689 
Residential mortgage-backed
Agency(1,811)28,806 (263)2,135 (2,074)30,941 
Non-agency(2)101 (2)19 (4)120 
Commercial mortgage-backed
Agency(88)1,720 (6)136 (94)1,856 
Non-agency(31)1,078 (3)140 (34)1,218 
Asset-backed
Other (153)2,311 (5)36(158)2,347 
Total securities available for sale$(2,814)$44,466 $(399)$3,705 $(3,213)$48,171 
December 31, 2021
U.S. Treasury and government agencies$(370)$32,600 $(370)$32,600 
Agency residential mortgage-backed(369)41,521 $(20)$1,489 (389)43,010 
Commercial mortgage-backed
Agency(5)451 (1)60 (6)511 
Non-agency(4)1,453 (3)474 (7)1,927 
Asset-backed(29)3,465 (2)188 (31)3,653 
Other(13)1,405 (13)1,405 
Total securities available for sale$(790)$80,895 $(26)$2,211 $(816)$83,106 
Gains (losses) on Sales Of Securities Available for Sale
Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table:

Table 39: Gains (Losses) on Sales of Securities Available for Sale
Six months ended June 30
In millions		Gross GainsGross LossesNet Gains (Losses) Tax Expense (Benefit)
2022$11 $(15)$(4)$(1)
2021$201 $(166)$35 $7 
Contractual Maturity of Securities
The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at June 30, 2022:
Table 40: Contractual Maturity of Debt Securities
June 30, 2022
Dollars in millions		1 Year or LessAfter 1 Year
through 5 Years		After 5 Years
through 10 Years		After 10
Years		Total
Securities Available for Sale
U.S. Treasury and government agencies$2,783 $5,835 $3,124 $2,135 $13,877 
Residential mortgage-backed
Agency2 83 3,046 31,109 34,240 
Non-agency2 760 762 
Commercial mortgage-backed
Agency62 243 1,363 372 2,040 
Non-agency7 224 1,165 1,396 
Asset-backed11 101 112 
Other 148 2,243 971 186 3,548 
Total securities available for sale at amortized cost$2,995 $8,411 $8,741 $35,828 $55,975 
Fair value$2,988 $8,056 $8,209 $33,731 $52,984 
Weighted-average yield, GAAP basis (a)2.01 %1.58 %2.16 %2.68 %2.40 %
Securities Held to Maturity
U.S. Treasury and government agencies$474 $23,231 $7,484 $393 $31,582 
Residential mortgage-backed
Agency 12 34 36,834 36,880 
Non-agency288 288 
Commercial mortgage-backed
Agency86 86 
Non-agency137 8 1,697 1,842 
Asset-backed16 1,872 1,609 3,193 6,690 
Other182 906 561 731 2,380 
Total securities held to maturity at amortized cost$672 $26,158 $9,782 $43,136 $79,748 
Fair value$671 $25,964 $9,603 $42,176 $78,414 
Weighted-average yield, GAAP basis (a)1.08 %1.10 %1.76 %2.38 %1.87 %
(a)Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security. Actual maturities and yields may differ as certain securities may be prepaid.
Fair Value of Securities Pledged and Accepted as Collateral
The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings:
Table 41: Fair Value of Securities Pledged and Accepted as Collateral
In millionsJune 30
2022		December 31
2021
Pledged to others$20,603 $27,349 
Accepted from others:
Permitted by contract or custom to sell or repledge$1,588 $707 
Permitted amount repledged to others$1,588 $707