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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2019
Investment Securities Disclosure [Abstract]  
Investment Securities Summary
Table 44: Investment Securities Summary
 
 
March 31, 2019
 
 
December 31, 2018
In millions
 
Amortized
Cost

 
Unrealized
 
Fair
Value

 
 
Amortized
Cost

 
Unrealized
 
Fair
Value

Gains

 
Losses

 
 
 
Gains

 
Losses

 
Securities Available for Sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
$
18,858

 
$
200

 
$
(67
)
 
$
18,991

 
 
$
18,104

 
$
133

 
$
(137
)
 
$
18,100

Residential mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
29,549

 
229

 
(250
)
 
29,528

 
 
29,413

 
104

 
(524
)
 
28,993

Non-agency
 
1,834

 
302

 
(11
)
 
2,125

 
 
1,924

 
300

 
(13
)
 
2,211

Commercial mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
2,598

 
27

 
(52
)
 
2,573

 
 
2,630

 
13

 
(66
)
 
2,577

Non-agency
 
2,831

 
16

 
(15
)
 
2,832

 
 
2,689

 
5

 
(37
)
 
2,657

Asset-backed
 
5,508

 
69

 
(12
)
 
5,565

 
 
4,933

 
59

 
(20
)
 
4,972

Other
 
3,346

 
104

 
(13
)
 
3,437

 
 
3,821

 
96

 
(38
)
 
3,879

Total securities available for sale
 
$
64,524

 
$
947

 
$
(420
)
 
$
65,051

 
 
$
63,514

 
$
710

 
$
(835
)
 
$
63,389

Securities Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
$
763

 
$
35

 
$
(11
)
 
$
787

 
 
$
758

 
$
28

 
$
(23
)
 
$
763

Residential mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
15,317

 
90

 
(185
)
 
15,222

 
 
15,740

 
32

 
(358
)
 
15,414

Non-agency
 
149

 
4

 
 
 
153

 
 
152

 
2

 
 
 
154

Commercial mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
107

 
1

 
 
 
108

 
 
143

 
1

 
(1
)
 
143

Non-agency
 
473

 
3

 
 
 
476

 
 
488

 
1

 
(1
)
 
488

Asset-backed
 
174

 
 
 
 
 
174

 
 
182

 
1

 
 
 
183

Other
 
1,835

 
75

 
(22
)
 
1,888

 
 
1,849

 
53

 
(28
)
 
1,874

Total securities held to maturity
 
$
18,818

 
$
208

 
$
(218
)
 
$
18,808

 
 
$
19,312

 
$
118

 
$
(411
)
 
$
19,019
Gross Unrealized Loss and Fair Value of Securities Available for Sale
Table 45: Gross Unrealized Loss and Fair Value of Securities
 
 
Unrealized loss position less than 12 months
 
Unrealized loss position 12 months or more
 
Total
 
In millions
 
Unrealized
Loss

 
Fair
Value

 
Unrealized
Loss

 
Fair
Value

 
Unrealized
Loss

 
Fair
Value

 
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities Available for Sale
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
$
(2
)
 
$
1,699

 
$
(65
)
 
$
5,908

 
$
(67
)
 
$
7,607

 
Residential mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
(2
)
 
1,230

 
(248
)
 
14,184

 
(250
)
 
15,414

 
Non-agency
 
 
 
 
 
(11
)
 
332

 
(11
)
 
332

 
Commercial mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
 
 
 
 
(52
)
 
1,500

 
(52
)
 
1,500

 
Non-agency
 
(3
)
 
801

 
(12
)
 
646

 
(15
)
 
1,447

 
Asset-backed
 
(5
)
 
1,108

 
(6
)
 
1,178

 
(11
)
 
2,286

 
Other
 
 
 
 
 
(14
)
 
1,324

 
(14
)
 
1,324

 
Total securities available for sale
 
$
(12
)
 
$
4,838

 
$
(408
)
 
$
25,072

 
$
(420
)
 
$
29,910

 
Securities Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
 
 
 
 
$
(11
)
 
$
460

 
$
(11
)
 
$
460

 
Residential mortgage-backed - Agency
 
 
 
 
 
(185
)
 
9,778

 
(185
)
 
9,778

 
Other
 
$
(1
)
 
$
38

 
(21
)
 
137

 
(22
)
 
175

 
Total securities held to maturity
 
$
(1
)
 
$
38

 
$
(217
)
 
$
10,375

 
$
(218
)
 
$
10,413

 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities Available for Sale
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
$
(21
)
 
$
4,125

 
$
(116
)
 
$
5,423

 
$
(137
)
 
$
9,548

 
Residential mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
(57
)
 
4,823

 
(467
)
 
13,830

 
(524
)
 
18,653

 
Non-agency
 
(1
)
 
74

 
(12
)
 
310

 
(13
)
 
384

 
Commercial mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
(1
)
 
65

 
(65
)
 
1,516

 
(66
)
 
1,581

 
Non-agency
 
(23
)
 
1,809

 
(14
)
 
498

 
(37
)
 
2,307

 
Asset-backed
 
(11
)
 
2,149

 
(9
)
 
1,032

 
(20
)
 
3,181

 
Other
 
(12
)
 
868

 
(26
)
 
1,293

 
(38
)
 
2,161

 
Total securities available for sale
 
$
(126
)
 
$
13,913

 
$
(709
)
 
$
23,902

 
$
(835
)
 
$
37,815

 
Securities Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
 
 
 
 
$
(23
)
 
$
446

 
$
(23
)
 
$
446

 
Residential mortgage-backed - Agency
 
$
(58
)
 
$
4,191

 
(300
)
 
7,921

 
(358
)
 
12,112

 
Commercial mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency
 
(1
)
 
88

 
 
 
 
 
(1
)
 
88

 
Non-agency
 
(1
)
 
152

 
 
 
 
 
(1
)
 
152

 
Other
 
(2
)
 
75

 
(26
)
 
123

 
(28
)
 
198

 
Total securities held to maturity
 
$
(62
)
 
$
4,506

 
$
(349
)
 
$
8,490

 
$
(411
)
 
$
12,996

 
Gains (losses) on Sales Of Securities Available for Sale
Table 46: Gains (Losses) on Sales of Securities Available for Sale
Three months ended March 31
In millions
Gross Gains

Gross Losses

Net Gains (Losses)

Tax Expense

 
2019
$
27

$
(14
)
$
13

$
3

 
2018
$
37

$
(38
)
$
(1
)


 
Contractual Maturity of Securities
Table 47: Contractual Maturity of Securities
March 31, 2019
Dollars in millions
 
1 Year or Less

 
After 1 Year
through 5 Years

 
After 5 Years
through 10 Years

 
After 10
Years

 
Total

 
Securities Available for Sale
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
$
679

 
$
13,599

 
$
3,795

 
$
785

 
$
18,858

 
Residential mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
Agency
 
2

 
52

 
867

 
28,628

 
29,549

 
Non-agency
 
 
 
 
 
 
 
1,834

 
1,834

 
Commercial mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
Agency
 
 
 
590

 
309

 
1,699

 
2,598

 
Non-agency
 
 
 
 
 
332

 
2,499

 
2,831

 
Asset-backed
 
31

 
2,529

 
1,616

 
1,332

 
5,508

 
Other
 
476

 
1,522

 
475

 
873

 
3,346

 
Total securities available for sale
 
$
1,188

 
$
18,292

 
$
7,394

 
$
37,650

 
$
64,524

 
Fair value
 
$
1,188

 
$
18,294

 
$
7,484

 
$
38,085

 
$
65,051

 
Weighted-average yield, GAAP basis
 
2.58
%
 
2.29
%
 
2.98
%
 
3.25
%
 
2.93
%
 
Securities Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and government agencies
 
 
 
 
 
$
490

 
$
273

 
$
763

 
Residential mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
Agency
 
 
 
$
78

 
523

 
14,716

 
15,317

 
Non-agency
 
 
 
 
 
 
 
149

 
149

 
Commercial mortgage-backed
 
 
 
 
 
 
 
 
 
 
 
Agency
 
$
11

 
42

 
4

 
50

 
107

 
Non-agency
 
 
 
 
 
 
 
473

 
473

 
Asset-backed
 
 
 
7

 
100

 
67

 
174

 
Other
 
23

 
621

 
749

 
442

 
1,835

 
Total securities held to maturity
 
$
34

 
$
748

 
$
1,866

 
$
16,170

 
$
18,818

 
Fair value
 
$
34

 
$
768

 
$
1,928

 
$
16,078

 
$
18,808

 
Weighted-average yield, GAAP basis
 
4.87
%
 
3.84
%
 
3.45
%
 
3.27
%
 
3.31
%
 
Fair Value of Securities Pledged and Accepted as Collateral
Table 48: Fair Value of Securities Pledged and Accepted as Collateral
In millions
March 31
2019

December 31
2018

Pledged to others
$
6,055

$
7,597

Accepted from others:
 
 
Permitted by contract or custom to sell or repledge (a)
$
2,235

$
6,905

Permitted amount repledged to others
$
1,151

$
923

(a)
Includes $6.0 billion in fair value of securities accepted from others to collateralize short-term investments in resale agreements at December 31, 2018 that were not repledged to others.