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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2015
Investment Securities Disclosure [Abstract]  
Investment Securities Summary
NOTE 6 INVESTMENT SECURITIES
Table 69: Investment Securities Summary
AmortizedUnrealizedFair
In millionsCostGainsLossesValue
June 30, 2015
Securities Available for Sale
Debt securities
U.S. Treasury and government agencies$5,931$166$(2)$6,095
Residential mortgage-backed
Agency20,629331(118)20,842
Non-agency4,357284(89)4,552
Commercial mortgage-backed
Agency1,98021(7)1,994
Non-agency4,36862(8)4,422
Asset-backed5,37782(24)5,435
State and municipal2,01059(11)2,058
Other debt1,82239(7)1,854
Total debt securities46,4741,044(266)47,252
Corporate stocks and other428(1)427
Total securities available for sale$46,902$1,044$(267)$47,679
Securities Held to Maturity (a)
Debt securities
U.S. Treasury and government agencies$253$37$290
Residential mortgage-backed
Agency8,199117$(58)8,258
Non-agency2527259
Commercial mortgage-backed
Agency1,142481,190
Non-agency81213825
Asset-backed7363(6)733
State and municipal1,982782,060
Other debt3076313
Total securities held to maturity$13,683$309$(64)$13,928
December 31, 2014
Securities Available for Sale
Debt securities
U.S. Treasury and government agencies$5,237$186$(1)$5,422
Residential mortgage-backed
Agency17,646438(41)18,043
Non-agency4,723318(99)4,942
Commercial mortgage-backed
Agency2,17823(14)2,187
Non-agency4,08588(11)4,162
Asset-backed5,14178(32)5,187
State and municipal1,95388(3)2,038
Other debt1,77643(6)1,813
Total debt securities42,7391,262(207)43,794
Corporate stocks and other442(1)441
Total securities available for sale$43,181$1,262$(208)$44,235
Securities Held to Maturity (a)
Debt securities
U.S. Treasury and government agencies$248$44$292
Residential mortgage-backed
Agency5,736166$(10)5,892
Non-agency27013283
Commercial mortgage-backed
Agency1,200531,253
Non-agency1,010191,029
Asset-backed7592(8)753
State and municipal2,0421112,153
Other debt3236329
Total securities held to maturity$11,588$414$(18)$11,984
(a)Held to maturity securities transferred from available for sale are included in held to maturity at fair value at the time of transfer. The amortized cost of held to maturity securities included net unrealized gains of $110 million and $125 million at June 30, 2015 and December 31, 2014, respectively, related to securities transferred, which are offset in Accumulated Other Comprehensive Income, net of tax.
Gross Unrealized Loss and Fair Value of Securities Available for Sale
Table 70: Gross Unrealized Loss and Fair Value of Securities Available for Sale
Unrealized loss position lessUnrealized loss position 12
In millionsthan 12 monthsmonths or moreTotal
UnrealizedFairUnrealizedFairUnrealizedFair
LossValueLossValueLossValue
June 30, 2015
Debt securities
U.S. Treasury and government agencies$(2)$1,167$(2)$1,167
Residential mortgage-backed
Agency(94)7,736$(24)$1,259(118)8,995
Non-agency(5)443(84)1,395(89)1,838
Commercial mortgage-backed
Agency(2)429(5)150(7)579
Non-agency(5)1,504(3)339(8)1,843
Asset-backed(5)946(19)605(24)1,551
State and municipal(8)503(3)49(11)552
Other debt(4)332(3)139(7)471
Total debt securities(125)13,060(141)3,936(266)16,996
Corporate stocks and other(1)61(1)61
Total$(125)$13,060$(142)$3,997$(267)$17,057
December 31, 2014
Debt securities
U.S. Treasury and government agencies$(1)$1,426$(1)$1,426
Residential mortgage-backed
Agency(4)644$(37)$1,963(41)2,607
Non-agency(5)276(94)1,487(99)1,763
Commercial mortgage-backed
Agency(2)681(12)322(14)1,003
Non-agency(4)928(7)335(11)1,263
Asset-backed(4)913(28)1,133(32)2,046
State and municipal(a)41(3)77(3)118
Other debt(2)314(4)186(6)500
Total debt securities(22)5,223(185)5,503(207)10,726
Corporate stocks and other(1)15(1)15
Total$(22)$5,223$(186)$5,518$(208)$10,741
(a) The unrealized loss on these securities was less than $.5 million.
Gains (Losses) on Sales Of Securities Available for Sale
Table 71: Gains (Losses) on Sales of Securities Available for Sale
GrossGrossNetTax
In millionsProceedsGainsLossesGainsExpense
Six months ended June 30
2015$2,441$51$(1)$50$17
2014$3,401$29$(25)$4$1
Contractual Maturity of Debt Securities
Table 72: Contractual Maturity of Debt Securities
June 30, 2015After 1 YearAfter 5 YearsAfter 10
Dollars in millions1 Year or Lessthrough 5 Yearsthrough 10 YearsYearsTotal
Securities Available for Sale
U.S. Treasury and government agencies$513$804$3,976$638$5,931
Residential mortgage-backed
Agency 12376019,74620,629
Non-agency 514,3514,357
Commercial mortgage-backed
Agency83136481,7131,980
Non-agency854,2834,368
Asset-backed51,1502,1042,1185,377
State and municipal91293161,5562,010
Other debt1401,1743271811,822
Total debt securities available for sale$750$3,606$7,532$34,586$46,474
Fair value$757$3,682$7,628$35,185$47,252
Weighted-average yield, GAAP basis2.96%2.46%2.33%2.98%2.83%
Securities Held to Maturity
U.S. Treasury and government agencies$253$253
Residential mortgage-backed
Agency$2157,9848,199
Non-agency252252
Commercial mortgage-backed
Agency$940144581,142
Non-agency6806812
Asset-backed9592135736
State and municipal568251,1011,982
Other debt307307
Total debt securities held to maturity$1,011$2,083$10,589$13,683
Fair value$1,050$2,134$10,744$13,928
Weighted-average yield, GAAP basis3.49%3.04%3.56%3.48%
Fair Value of Securities Pledged and Accepted as Collateral
Table 73: Fair Value of Securities Pledged and Accepted as Collateral
June 30December 31
In millions20152014
Pledged to others$10,051$10,874
Accepted from others:
Permitted by contract or custom to sell or repledge1,5691,658
Permitted amount repledged to others1,3991,488