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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities
The table below presents the amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair value aggregated by major security type as of June 30, 2022 and December 31, 2021. Accrued interest receivable of $204 million and $207 million as of June 30, 2022 and December 31, 2021, respectively, is not included in the table below.
Table 2.1: Investment Securities Available for Sale
June 30, 2022
(Dollars in millions)Amortized
Cost		Allowance
 for Credit
 Losses		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Investment securities available for sale:
U.S. Treasury securities$8,664 $0 $4 $(44)$8,624 
RMBS:
Agency71,215 0 93 (6,603)64,705 
Non-agency687 (3)140 (2)822 
Total RMBS71,902 (3)233 (6,605)65,527 
Agency CMBS8,060 0 8 (494)7,574 
Other securities(1)
1,307 0 1 (11)1,297 
Total investment securities available for sale$89,933 $(3)$246 $(7,154)$83,022 
 December 31, 2021
(Dollars in millions)Amortized
Cost		Allowance
 for Credit
 Losses		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Investment securities available for sale:
U.S. Treasury securities$9,419 $0 $23 $0 $9,442 
RMBS:
Agency72,593 0 958 (931)72,620 
Non-agency792 (1)205 0 996 
Total RMBS73,385 (1)1,163 (931)73,616 
Agency CMBS9,237 0 195 (63)9,369 
Other securities(1)
2,830 0 6 (2)2,834 
Total investment securities available for sale$94,871 $(1)$1,387 $(996)$95,261 
__________    
(1)Includes $566 million and $2.0 billion of asset-backed securities (“ABS”) as of June 30, 2022 and December 31, 2021 respectively. The remaining amount is primarily comprised of supranational bonds and foreign government bonds.
Schedule of Available-for-Sale Securities in Gross Unrealized Loss Position The table below provides the gross unrealized losses and fair value of our securities available for sale aggregated by major security type and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2022 and December 31, 2021. The amounts include securities available for sale without an allowance for credit losses.
Table 2.2: Securities in a Gross Unrealized Loss Position
June 30, 2022
Less than 12 Months12 Months or LongerTotal
(Dollars in millions)Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses
Investment securities available for sale without an allowance for credit losses:
U.S. Treasury securities$4,098 $(44)$0 $0 $4,098 $(44)
RMBS:
Agency45,363 (4,001)16,238 (2,602)61,601 (6,603)
Non-agency19 (1)0 0 19 (1)
Total RMBS45,382 (4,002)16,238 (2,602)61,620 (6,604)
Agency CMBS5,929 (345)1,201 (149)7,130 (494)
Other securities(1)
957 (11)0 0 957 (11)
Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses(2)
$56,366 $(4,402)$17,439 $(2,751)$73,805 $(7,153)
December 31, 2021
Less than 12 Months12 Months or LongerTotal
(Dollars in millions)Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses
Investment securities available for sale without an allowance for credit losses:
RMBS:
Agency$37,492 $(632)$8,606 $(299)$46,098 $(931)
Non-agency3 0 1 0 4 0 
Total RMBS37,495 (632)8,607 (299)46,102 (931)
Agency CMBS2,999 (36)803 (27)3,802 (63)
Other securities(1)
1,207 (2)0 0 1,207 (2)
Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses(2)
$41,701 $(670)$9,410 $(326)$51,111 $(996)
__________
(1)    Includes primarily ABS, foreign government bonds, and supranational bonds.
(2)    Consists of approximately 2,500 and 740 securities in gross unrealized loss positions as of June 30, 2022 and December 31, 2021, respectively.
Schedule of Contractual Maturities for Securities The table below summarizes, as of June 30, 2022, the fair value of our investment securities by major security type and contractual maturity as well as the total fair value, amortized cost and weighted-average yields of our investment securities by contractual maturity. Because borrowers may have the right to call or prepay certain obligations, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented below. The weighted-average yield below represents the effective yield for the investment securities and is calculated based on the amortized cost of each security.
Table 2.3: Contractual Maturities and Weighted-Average Yields of Securities
June 30, 2022
(Dollars in millions)Due in
1 Year or Less		Due > 1 Year
through
5 Years		Due > 5 Years
through
10 Years		Due > 10 YearsTotal
Fair value of securities available for sale:
U.S. Treasury securities$3,893 $4,731 $0 $0 $8,624 
RMBS(1):
Agency0 106 1,100 63,499 64,705 
Non-agency0 0 0 822 822 
Total RMBS0 106 1,100 64,321 65,527 
Agency CMBS(1)
285 1,897 3,690 1,702 7,574 
Other securities221 835 241 0 1,297 
Total securities available for sale$4,399 $7,569 $5,031 $66,023 $83,022 
Amortized cost of securities available for sale$4,399 $7,705 $5,365 $72,464 $89,933 
Weighted-average yield for securities available for sale0.83 %1.27 %2.02 %2.09 %1.95 %
__________
(1)As of June 30, 2022, the weighted-average expected maturities of RMBS and Agency CMBS were 6.7 years and 5.4 years, respectively.