Debt securities available-for-sale |
9 Months Ended |
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Sep. 30, 2024 | |
Debt securities available-for-sale | |
Schedule of Available-for-sale Securities [Line Items] | |
Investments in debt and marketable equity securities | Note 5 – Debt securities available-for-sale The contractual maturities of debt securities available-for-sale At September 30, 2024 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 8,914,560 $ 1,555 $ 45,154 $ 8,870,961 3.77 % After 1 to 5 years 2,715,749 3,393 65,673 2,653,469 2.35 Total U.S. Treasury 11,630,309 4,948 110,827 11,524,430 3.44 Collateralized mortgage obligations - federal agencies After 1 to 5 years 12,176 - 393 11,783 1.54 After 5 to 10 years 16,512 - 763 15,749 2.25 After 10 years 107,656 403 7,038 101,021 2.76 Total collateralized 136,344 403 8,194 128,553 2.59 Mortgage-backed securities - federal agencies Within 1 year 1,393 - 14 1,379 1.69 After 1 to 5 years 74,263 11 1,993 72,281 2.39 After 5 to 10 years 781,628 244 33,408 748,464 2.36 After 10 years 5,603,282 1,480 895,746 4,709,016 1.67 Total mortgage-backed 6,460,566 1,735 931,161 5,531,140 1.76 Other Within 1 year 500 - - 500 4.00 After 1 to 5 years 1,500 - - 1,500 8.50 Total other 2,000 - - 2,000 7.38 Total debt securities [1] $ 18,229,219 $ 7,086 $ 1,050,182 $ 17,186,123 2.84 % [1] 12.9 servicing agreements that the secured parties are not permitted 12.1 public funds. 4.2 borrowing facilities. At December 31, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 7,103,518 $ 526 $ 59,415 $ 7,044,629 3.51 % After 1 to 5 years 3,598,209 84 170,209 3,428,084 1.35 After 5 to 10 years 307,512 - 33,164 274,348 1.63 Total U.S. Treasury 11,009,239 610 262,788 10,747,061 2.75 Collateralized mortgage obligations - federal agencies After 1 to 5 years 17,899 - 838 17,061 1.55 After 5 to 10 years 20,503 2 1,321 19,184 2.28 After 10 years 108,280 29 9,868 98,441 2.54 Total collateralized 146,682 31 12,027 134,686 2.38 Mortgage-backed securities - federal agencies Within 1 year 637 - 3 634 3.72 After 1 to 5 years 82,310 11 3,536 78,785 2.34 After 5 to 10 years 792,431 75 48,250 744,256 2.28 After 10 years 6,067,353 667 1,046,909 5,021,111 1.64 Total mortgage-backed 6,942,731 753 1,098,698 5,844,786 1.72 Other Within 1 year 1,011 - - 1,011 4.00 After 1 to 5 years 1,500 - - 1,500 8.50 Total other 2,511 - - 2,511 6.69 Total debt securities [1] $ 18,101,163 $ 1,394 $ 1,373,513 $ 16,729,044 2.35 % [1] Includes $ 12 servicing agreements that the secured parties are not permitted 11.1 public funds. The Corporation had unpledged Available 4.6 borrowing facilities. The weighted changes in fair value. Securities obligations, obligations, mortgage-backed securities be subject to prepayments or may be called At September 30, 2024, the Corporation did debt securities no September 30, 2024 and 2023. The aggregated by investment category and length of September 30, 2024 and December 31, 2023. At September 30, 2024 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 651,502 $ 2,369 $ 4,457,595 $ 108,458 $ 5,109,097 $ 110,827 Collateralized mortgage obligations - federal agencies 1,909 2 109,743 8,192 111,652 8,194 Mortgage-backed securities 27,420 569 5,428,612 930,592 5,456,032 931,161 Total debt securities $ 680,831 $ 2,940 $ 9,995,950 $ 1,047,242 $ 10,676,781 $ 1,050,182 At December 31, 2023 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 244,925 $ 5,126 $ 6,550,941 $ 257,662 $ 6,795,866 $ 262,788 Collateralized mortgage obligations - federal agencies 5,234 35 124,930 11,992 130,164 12,027 Mortgage-backed securities 37,118 405 5,779,260 1,098,293 5,816,378 1,098,698 Total debt securities $ 287,277 $ 5,566 $ 12,455,131 $ 1,367,947 $ 12,742,408 $ 1,373,513 As 1.1 (December 31, 1.4 value as a result of the rising interest rate Treasuries Mortgage Association (“GNMA”). As the Corporation applies a zero-credit loss assumption. |