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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2016
Investment Securities Disclosure [Abstract]  
Investment Securities Summary
NOTE 6 INVESTMENT SECURITIES
Table 60: Investment Securities Summary
AmortizedUnrealizedFair
In millionsCostGainsLossesValue
March 31, 2016
Securities Available for Sale
Debt securities
U.S. Treasury and government agencies$10,237$263$(28)$10,472
Residential mortgage-backed
Agency25,241466(22)25,685
Non-agency3,836216(101)3,951
Commercial mortgage-backed
Agency1,85122(3)1,870
Non-agency4,72751(35)4,743
Asset-backed5,63445(54)5,625
State and municipal1,95491(3)2,042
Other debt2,56257(5)2,614
Total debt securities56,0421,211(251)57,002
Corporate stocks and other413413
Total securities available for sale$56,455$1,211$(251)$57,415
Securities Held to Maturity (a)
Debt securities
U.S. Treasury and government agencies$260$57$317
Residential mortgage-backed
Agency10,109194$(7)10,296
Non-agency22711238
Commercial mortgage-backed
Agency1,121481,169
Non-agency68318701
Asset-backed711(11)700
State and municipal1,9431452,088
Other debt100(1)99
Total securities held to maturity$15,154$473$(19)$15,608
December 31, 2015
Securities Available for Sale
Debt securities
U.S. Treasury and government agencies$9,764$152$(42)$9,874
Residential mortgage-backed
Agency24,698250(128)24,820
Non-agency3,992247(88)4,151
Commercial mortgage-backed
Agency1,91711(10)1,918
Non-agency4,90230(29)4,903
Asset-backed5,41754(48)5,423
State and municipal1,98279(5)2,056
Other debt2,00731(12)2,026
Total debt securities54,679854(362)55,171
Corporate stocks and other590(1)589
Total securities available for sale$55,269$854$(363)$55,760
Securities Held to Maturity (a)
Debt securities
U.S. Treasury and government agencies$258$40$298
Residential mortgage-backed
Agency9,552101$(65)9,588
Non-agency2338241
Commercial mortgage-backed
Agency1,128401,168
Non-agency7226(1)727
Asset-backed717(10)707
State and municipal1,9541162,070
Other debt204(1)203
Total securities held to maturity$14,768$311$(77)$15,002
(a)Held to maturity securities transferred from available for sale are recorded 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 $90 million and $97 million at March 31, 2016 and December 31, 2015, respectively, related to securities transferred, which are offset in Accumulated Other Comprehensive Income, net of tax.
Gross Unrealized Loss and Fair Value of Securities Available for Sale
Table 61: Gross Unrealized Loss and Fair Value of Securities Available for Sale
Unrealized loss position lessUnrealized loss position 12
In millionsthan 12 monthsmonths or moreTotal
UnrealizedFairUnrealizedFairUnrealizedFair
LossValueLossValueLossValue
March 31, 2016
Debt securities
U.S. Treasury and government agencies$(21)$3,195$(7)$637$(28)$3,832
Residential mortgage-backed
Agency(6)1,451(16)1,153(22)2,604
Non-agency(8)392(93)1,516(101)1,908
Commercial mortgage-backed
Agency(a)71(3)241(3)312
Non-agency(20)1,839(15)693(35)2,532
Asset-backed(36)3,341(18)477(54)3,818
State and municipal(2)219(1)64(3)283
Other debt(3)160(2)144(5)304
Total debt securities(96)10,668(155)4,925(251)15,593
Corporate stocks and other(a)15(a)15
Total$(96)$10,668$(155)$4,940$(251)$15,608
December 31, 2015
Debt securities
U.S. Treasury and government agencies$(40)$5,885$(2)$120$(42)$6,005
Residential mortgage-backed
Agency(103)11,799(25)1,094(128)12,893
Non-agency(3)368(85)1,527(88)1,895
Commercial mortgage-backed
Agency(7)745(3)120(10)865
Non-agency(22)2,310(7)807(29)3,117
Asset-backed(30)3,477(18)494(48)3,971
State and municipal(3)326(2)60(5)386
Other debt(8)759(4)188(12)947
Total debt securities(216)25,669(146)4,410(362)30,079
Corporate stocks and other(a)46(1)15(1)61
Total$(216)$25,715$(147)$4,425$(363)$30,140
(a) The unrealized loss on these securities was less than $.5 million.
Gains (Losses) on Sales Of Securities Available for Sale
Table 62: Gains (Losses) on Sales of Securities Available for Sale
GrossGrossNetTax
In millionsProceedsGainsLossesGainsExpense
Three months ended March 31
2016$788$9$-$9$3
2015$1,804$43$(1)$42$15
Contractual Maturity of Debt Securities
Table 63: Contractual Maturity of Debt Securities
March 31, 2016After 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$953$4,466$3,756$1,062$10,237
Residential mortgage-backed
Agency 12891924,19425,241
Non-agency 33,8333,836
Commercial mortgage-backed
Agency211242521,4541,851
Non-agency502884,6414,727
Asset-backed181,6221,8142,1805,634
State and municipal21273481,4771,954
Other debt2061,9162981422,562
Total debt securities available for sale$1,250$8,414$7,395$38,983$56,042
Fair value$1,256$8,529$7,510$39,707$57,002
Weighted-average yield, GAAP basis2.79%2.19%2.32%2.90%2.71%
Securities Held to Maturity
U.S. Treasury and government agencies$260$260
Residential mortgage-backed
Agency$7$3769,72610,109
Non-agency227227
Commercial mortgage-backed
Agency$118824122571,121
Non-agency683683
Asset-backed2589120711
State and municipal629489331,943
Other debt100100
Total debt securities held to maturity$118$995$2,035$12,006$15,154
Fair value$118$1,030$2,128$12,332$15,608
Weighted-average yield, GAAP basis3.02%3.48%3.26%3.44%3.42%
Fair Value of Securities Pledged and Accepted as Collateral
Table 64: Fair Value of Securities Pledged and Accepted as Collateral
March 31December 31
In millions20162015
Pledged to others$11,047$9,674
Accepted from others:
Permitted by contract or custom to sell or repledge1,0031,100
Permitted amount repledged to others843943