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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2015
Investment Securities Disclosure [Abstract]  
Investment Securities Summary
NOTE 6 INVESTMENT SECURITIES
.
Table 69: Investment Securities Summary
AmortizedUnrealizedFair
In millionsCostGainsLossesValue
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
December 31, 2014
Securities Available for Sale
Debt securities
U.S. Treasury and government agencies$5,237$186$(1)$5,422
Residential mortgage-backed
Agency17,646438(41)18,043
Non-agency4,723318(99)4,942
Commercial mortgage-backed
Agency2,17823(14)2,187
Non-agency4,08588(11)4,162
Asset-backed5,14178(32)5,187
State and municipal1,95388(3)2,038
Other debt1,77643(6)1,813
Total debt securities42,7391,262(207)43,794
Corporate stocks and other442(1)441
Total securities available for sale$43,181$1,262$(208)$44,235
Securities Held to Maturity (a)
Debt securities
U.S. Treasury and government agencies$248$44$292
Residential mortgage-backed
Agency5,736166$(10)5,892
Non-agency27013283
Commercial mortgage-backed
Agency1,200531,253
Non-agency1,010191,029
Asset-backed7592(8)753
State and municipal2,0421112,153
Other debt3236329
Total securities held to maturity$11,588$414$(18)$11,984
(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 $97 million and $125 million at December 31, 2015 and December 31, 2014, respectively, related to securities transferred, which are offset in Accumulated Other Comprehensive Income, net of tax.
Gross Unrealized Loss and Fair Value of Securities Available for Sale
Table 70: Gross Unrealized Loss and Fair Value of Securities Available for Sale
Unrealized loss position lessUnrealized loss position 12
In millionsthan 12 monthsmonths or moreTotal
UnrealizedFairUnrealizedFairUnrealizedFair
LossValueLossValueLossValue
December 31, 2015
Debt securities
U.S. Treasury and government agencies$(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)$30,140
December 31, 2014
Debt securities
U.S. Treasury and government agencies$(1)$1,426$(1)$1,426
Residential mortgage-backed
Agency(4)644$(37)$1,963(41)2,607
Non-agency(5)276(94)1,487(99)1,763
Commercial mortgage-backed
Agency(2)681(12)322(14)1,003
Non-agency(4)928(7)335(11)1,263
Asset-backed(4)913(28)1,133(32)2,046
State and municipal(a)41(3)77(3)118
Other debt(2)314(4)186(6)500
Total debt securities(22)5,223(185)5,503(207)10,726
Corporate stocks and other(1)15(1)15
Total$(22)$5,223$(186)$5,518$(208)$10,741
(a) The unrealized loss on these securities was less than $.5 million.
Gains (Losses) on Sales Of Securities Available for Sale
Table 71: Gains (Losses) on Sales of Securities Available for Sale
GrossGrossNetTax
In millionsProceedsGainsLossesGainsExpense
For the year ended December 31
2015$6,829$56$(13)$43$15
20144,48033(29)41
20138,178146(47)9935
Contractual Maturity of Debt Securities
Table 72: Contractual Maturity of Debt Securities
December 31, 2015After 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$586$4,172$4,234$772$9,764
Residential mortgage-backed
Agency 9998623,61324,698
Non-agency 33,9893,992
Commercial mortgage-backed
Agency221092321,5541,917
Non-agency502884,8164,902
Asset-backed91,5261,7872,0955,417
State and municipal11273361,5181,982
Other debt1861,3772891552,007
Total debt securities available for sale$854$7,441$7,872$38,512$54,679
Fair value$861$7,497$7,926$38,887$55,171
Weighted-average yield, GAAP basis2.76%2.23%2.28%2.91%2.73%
Securities Held to Maturity
U.S. Treasury and government agencies$258$258
Residential mortgage-backed
Agency$4$3219,2279,552
Non-agency233233
Commercial mortgage-backed
Agency$119810142571,128
Non-agency722722
Asset-backed3590124717
State and municipal629389541,954
Other debt204204
Total debt securities held to maturity$119$1,083$1,991$11,575$14,768
Fair value$119$1,112$2,059$11,712$15,002
Weighted-average yield, GAAP basis3.02%3.41%3.18%3.46%3.42%
Fair Value of Securities Pledged and Accepted as Collateral
Table 73: Fair Value of Securities Pledged and Accepted as Collateral
December 31December 31
In millions20152014
Pledged to others$9,674$10,874
Accepted from others:
Permitted by contract or custom to sell or repledge1,1001,658
Permitted amount repledged to others9431,488