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Securities (Tables)
 6 Months Ended
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Details of Securities
The amortized cost, unrealized gains and losses, and approximate fair value of our securities available for sale and held-to-maturity securities are presented in the following tables. Gross unrealized gains and losses represent the difference between the amortized cost and the fair value of securities on the balance sheet as of the dates indicated. Accordingly, the amount of these gains and losses may change in the future as market conditions change.

 June 30, 2021December 31, 2020
in millions
Amortized
Cost (a)
Gross Unrealized GainsGross Unrealized Losses
Fair
Value
Amortized
Cost (b)
Gross Unrealized GainsGross Unrealized Losses
Fair
Value
SECURITIES AVAILABLE FOR SALE
U.S. Treasury, agencies, and corporations$4,900 — $14 $4,886 $1,000 — — $1,000 
Agency residential collateralized mortgage obligations
14,374 $209 209 14,374 14,001 $297 $25 14,273 
Agency residential mortgage-backed securities4,848 58 28 4,878 2,094 70 — 2,164 
Agency commercial mortgage-backed securities 10,345 298 165 10,478 9,707 432 33 10,106 
Other securities8 14 22 8 5 — 13 
Total securities available for sale $34,475 $579 $416 $34,638 $26,810 $804 $58 $27,556 
HELD-TO-MATURITY SECURITIES
Agency residential collateralized mortgage obligations
$2,861 $91 — $2,952 $3,775 $124 — $3,899 
Agency residential mortgage-backed securities207 8 — 215 271 14 — 285 
Agency commercial mortgage-backed securities3,077 200 — 3,277 3,515 290 — 3,805 
Asset-backed securities14 — — 14 19 — — 19 
Other securities16 — — 16 15 — — 15 
Total held-to-maturity securities$6,175 $299 — $6,474 $7,595 $428 $— $8,023 
(a)Amortized cost amounts exclude accrued interest receivable which is recorded within Other Assets on the balance sheet. At June 30, 2021, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $66 million and $13 million, respectively.
(b)Amortized cost amounts exclude accrued interest receivable which is recorded within Other Assets on the balance sheet. At December 31, 2020, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $42 million and $15 million, respectively.
Schedule of Unrealized Loss on Investments
The following table summarizes available for sale securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of June 30, 2021, and December 31, 2020.

 Duration of Unrealized Loss Position  
 Less than 12 Months12 Months or LongerTotal
in millions
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
June 30, 2021
Securities available for sale:
U.S Treasury, agencies, and corporations
$4,886 $14 — — $4,886 $14 
Agency residential collateralized mortgage obligations
6,366 207 $97 $2 6,463 209 
Agency residential mortgage-backed securities
2,644 28 6 — 
(a)
2,650 28 
Agency commercial mortgage-backed securities
5,421 165 — — 5,421 165 
Held-to-maturity securities:
Asset-backed securities
9 — 
(a)
1 — 10 — 
Other securities
3 — 
(a)
— — 
(a)
3 — 
Total securities in an unrealized loss position$19,329 $414 $104 $2 $19,433 $416 
December 31, 2020
Securities available for sale:
Agency residential collateralized mortgage obligations$2,110 $25 — — $2,110 $25 
Agency residential mortgage-backed securities
6 — 
(b)
$5 — 
(b)
11 — 
Agency commercial mortgage-backed securities 2,709 33 — — 2,709 33 
Held-to-maturity securities:
Agency residential collateralized mortgage obligations— — 24 — 
(b)
24 — 
Other securities
5 — 
(b)
— — 5 — 
Total securities in an unrealized loss position$4,830 $58 $29 — $4,859 $58 
(a)At June 30, 2021, gross unrealized losses totaled less than $1 million for asset-backed securities and other securities held-to-maturity with a loss duration of less than 12 months and asset-backed securities held-to-maturity with a loss duration of 12 months or longer. At June 30, 2021, gross unrealized losses totaled less than $1 million for agency residential mortgage-backed securities available for sale with a loss duration greater than 12 months and other securities available for sale with a loss duration of less than 12 months and a loss duration greater than 12 months.
(b)At December 31, 2020, gross unrealized losses totaled less than $1 million for agency residential mortgage-backed securities available for sale with a loss duration of less than 12 months and less than $1 million for other securities held-to-maturity with a loss duration of less than 12 months. At December 31, 2020, gross unrealized losses totaled less than $1 million for agency residential mortgage-backed securities available for sale with a loss duration greater than 12 months or longer and less than $1 million for agency residential collateralized mortgage obligations held to maturity with a loss duration greater than 12 months or longer.
Securities by Maturity
The following table shows our securities by remaining maturity. CMOs and other mortgage-backed securities in the available for sale portfolio and held-to-maturity portfolio are presented based on their expected average lives. The remaining securities, in both the available-for-sale and held-to-maturity portfolios, are presented based on their remaining contractual maturity. Actual maturities may differ from expected or contractual maturities since borrowers have the right to prepay obligations with or without prepayment penalties.

June 30, 2021Securities Available for SaleHeld to Maturity Securities
in millionsAmortized CostFair ValueAmortized CostFair Value
Due in one year or less$268 $284 $121 $122 
Due after one through five years15,505 15,821 3,934 4,085 
Due after five through ten years14,962 14,923 2,120 2,267 
Due after ten years3,740 3,610 — — 
Total$34,475 $34,638 $6,175 $6,474