Securities (Tables)

9 Months Ended

Sep. 30, 2013

Investments Debt And Equity Securities [Abstract]

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.


	September 30, 2013
in millions	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
SECURITIES AVAILABLE FOR SALE
States and political subdivisions	$	40	$	1		—	$	41
Collateralized mortgage obligations		11,810		194	$	225		11,779
Other mortgage-backed securities		733		31		2		762
Other securities		20		4				24

Total securities available for sale	$	12,603	$	230	$	227	$	12,606

HELD-TO-MATURITY SECURITIES
Collateralized mortgage obligations	$	4,815	$	10	$	115	$	4,710
Other securities		20		—		—		20

Total held-to-maturity securities	$	4,835	$	10	$	115	$	4,730


	December 31, 2012
in millions	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
SECURITIES AVAILABLE FOR SALE
States and political subdivisions	$	47	$	2		—	$	49
Collateralized mortgage obligations		11,148		316		—		11,464
Other mortgage-backed securities		491		47		—		538
Other securities		42		1		—		43

Total securities available for sale	$	11,728	$	366		—	$	12,094

HELD-TO-MATURITY SECURITIES
Collateralized mortgage obligations	$	3,913	$	61		—	$	3,974
Other securities		18		—		—		18

Total held-to-maturity securities	$	3,931	$	61		—	$	3,992


	September 30, 2012
in millions	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
SECURITIES AVAILABLE FOR SALE
States and political subdivisions	$	52	$	2		—	$	54
Collateralized mortgage obligations		10,949		334		—		11,283
Other mortgage-backed securities		543		55		—		598
Other securities		25		2		—		27

Total securities available for sale	$	11,569	$	393		—	$	11,962

HELD-TO-MATURITY SECURITIES
Collateralized mortgage obligations	$	4,135	$	59		—	$	4,194
Other securities		18		—		—		18

Total held-to-maturity securities	$	4,153	$	59		—	$	4,212

Available for Sale Securities (Unrealized Loss Position)

The following table summarizes our securities that were in an unrealized loss position as of September 30, 2013, December 31, 2012, and September 30, 2012.


	Duration of Unrealized Loss Position
	Less than 12 Months				12 Months or Longer				Total
in millions	Fair Value		Gross Unrealized Losses ^(a)		Fair Value		Gross Unrealized Losses ^(b)		Fair Value		Gross Unrealized Losses ^(a)
September 30, 2013
Securities available for sale:
Collateralized mortgage obligations	$	5,380	$	225		—		—	$	5,380	$	225
Other mortgage-backed securities		94		2		—		—		94		2
Other securities		2		—		—		—		2		—
Held-to-maturity:
Collateralized mortgage obligations		3,659		115		—		—		3,659		115
Other securities		5		—		—		—		5		—

Total temporarily impaired securities	$	9,140	$	342		—		—	$	9,140	$	342

December 31, 2012
Securities available for sale:
Other securities	$	31		—	$	3		—	$	34		—

Total temporarily impaired securities	$	31		—	$	3		—	$	34		—

September 30, 2012
Securities available for sale:
Collateralized mortgage obligations	$	7		—		—		—	$	7		—
Other securities		14		—	$	3		—		17		—
Held-to-maturity:
Collateralized mortgage obligations		—		—		—		—		—		—

Total temporarily impaired securities	$	21		—	$	3		—	$	24		—

(a)	There were less than $1 million of gross unrealized losses for the period ended December 31, 2012 and September 30, 2012.

(b)	There were less than $1 million of gross unrealized losses for the period ended September 30, 2013, December 31, 2012 and September 30, 2012.

Cumulative Credit Portion of Impairments on Debt Securities

As shown in the following table, we did not have any impairment losses recognized in earnings for the three months ended September 30, 2013.

Three months ended September 30, 2013


in millions
Balance at June 30, 2013	$	4
Impairment recognized in earnings		—

Balance at September 30, 2013	$	4

Available for Sale Securities Realized Gains and Losses

Realized gains and losses related to securities available for sale were as follows:

Nine months ended September 30, 2013


in millions
Realized gains			—
Realized losses			—

Net securities gains (losses)			—

Securities by Maturity

Actual maturities may differ from expected or contractual maturities since borrowers have the right to prepay obligations with or without prepayment penalties.


	Securities Available for Sale				Held-to-Maturity Securities
September 30, 2013 in millions	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	492	$	500	$	7	$	6
Due after one through five years		10,938		10,982		4,682		4,584
Due after five through ten years		1,169		1,119		146		140
Due after ten years		4		5		—		—

Total	$	12,603	$	12,606	$	4,835	$	4,730

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-1

-Paragraph 21

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 320

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 320

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 19, 20, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 17

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

+ References+ Details