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Investment Securities (Tables)
 9 Months Ended
Sep. 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 35: Investment Securities Summary (a)
September 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$11,093 $9 $(884)$10,218 $46,210 $324 $(370)$46,164 
Residential mortgage-backed
Agency31,993 4 (3,609)28,388 67,326 695 (389)67,632 
Non-agency725 151 (5)871 927 231 1,158 
Commercial mortgage-backed
Agency1,930 1 (176)1,755 1,740 39 (6)1,773 
Non-agency1,363 1 (61)1,303 3,423 31 (18)3,436 
Asset-backed106 27 (1)132 6,380 60 (31)6,409 
Other 3,379 43 (291)3,131 4,792 186 (14)4,964 
Total securities available for sale $50,589 $236 $(5,027)$45,798 $130,798 $1,566 $(828)$131,536 
Securities Held to Maturity
U.S. Treasury and government agencies$36,120 $1 $(1,717)$34,404 $814 $76 $890 
Residential mortgage-backed
Agency42,152  (3,391)38,761 
Non-agency281 (23)258 
Commercial mortgage-backed
Agency663 (27)636 
Non-agency1,746 2 (25)1,723 
Asset-backed6,565  (161)6,404 
Other3,126  (124)3,002 612 27 $(7)632 
Total securities held to maturity (c) (d)$90,653 $3 $(5,468)$85,188 $1,426 $103 $(7)$1,522 
(a) At September 30, 2022, the accrued interest associated with our held to maturity and available for sale portfolios totaled $211 million and $140 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 $7 million for securities held to maturity at September 30, 2022. The comparable amounts at December 31, 2021 were $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 September 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 $5.4 billion, at September 30, 2022, related to securities transferred, which are offset in AOCI, net of tax.
Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses
Table 36: Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses
Unrealized loss position
less than 12 months		Unrealized loss position
12 months or more		Total
In millionsUnrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value
September 30, 2022
U.S. Treasury and government agencies$(817)$9,462 $(67)$404 $(884)$9,866 
Residential mortgage-backed
Agency(2,874)24,373 (735)3,602 (3,609)27,975 
Non-agency(3)71 (1)17 (4)88 
Commercial mortgage-backed
Agency(166)1,588 (10)144 (176)1,732 
Non-agency(42)945 (7)236 (49)1,181 
Asset-backed(1)10 (1)10 
Other (195)2,266 (52)314(247)2,580 
Total securities available for sale$(4,098)$38,715 $(872)$4,717 $(4,970)$43,432 
December 31, 2021
U.S. Treasury and government agencies$(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 37: Gains (Losses) on Sales of Securities Available for Sale
Nine months ended September 30
In millions		Gross GainsGross LossesNet Gains (Losses) Tax Expense (Benefit)
2022$11 $(15)$(4)$(1)
2021$275 $(225)$50 $11 
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 September 30, 2022:
Table 38: Contractual Maturity of Debt Securities
September 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$3,686 $3,265 $2,100 $2,042 $11,093 
Residential mortgage-backed
Agency2 79 2,985 28,927 31,993 
Non-agency7 718 725 
Commercial mortgage-backed
Agency59 454 1,095 322 1,930 
Non-agency6 388 969 1,363 
Asset-backed10 96 106 
Other 134 2,228 859 158 3,379 
Total securities available for sale at amortized cost$3,881 $6,032 $7,444 $33,232 $50,589 
Fair value$3,861 $5,645 $6,681 $29,611 $45,798 
Weighted-average yield, GAAP basis (a)2.38 %1.67 %2.30 %2.75 %2.52 %
Securities Held to Maturity
U.S. Treasury and government agencies$1,212 $25,882 $8,515 $511 $36,120 
Residential mortgage-backed
Agency 9 264 41,879 42,152 
Non-agency281 281 
Commercial mortgage-backed
Agency448 215 663 
Non-agency115 5 1,626 1,746 
Asset-backed99 1,908 1,765 2,793 6,565 
Other230 1,057 592 1,247 3,126 
Total securities held to maturity at amortized cost$1,541 $28,971 $11,589 $48,552 $90,653 
Fair value$1,527 $27,909 $10,879 $44,873 $85,188 
Weighted-average yield, GAAP basis (a)1.25 %1.26 %2.01 %2.66 %2.11 %
(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 39: Fair Value of Securities Pledged and Accepted as Collateral
In millionsSeptember 30
2022		December 31
2021
Pledged to others$19,408 $27,349 
Accepted from others:
Permitted by contract or custom to sell or repledge$1,507 $707 
Permitted amount repledged to others$1,507 $707