XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.25.3

INVESTMENT SECURITIES AND OTHER SECURITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Amortized Cost, Fair Value, and Gross Unrealized Gains and Losses by Investment Category | The following tables provide amortized cost, fair value, and gross unrealized gains and losses by investment category.
|  |  | Unrealized |  |
(dollar amounts in millions) | Amortized Cost (1)(2) |  | Gross Gains |  | Gross Losses |  | Fair Value
At September 30, 2025 |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |
U.S. Treasury | $ | 5,371 |  |  | $ | 42 |  |  | $ | (3) |  |  | $ | 5,410 |
Federal agencies: |  |  |  |  |  |  |
Residential MBS | 11,133 |  |  | 3 |  |  | (1,461) |  |  | 9,675 |
Residential CMO | 4,761 |  |  | 5 |  |  | (324) |  |  | 4,442 |
Commercial MBS | 2,445 |  |  | — |  |  | (663) |  |  | 1,782 |
Other agencies | 116 |  |  | — |  |  | (3) |  |  | 113 |
Total U.S. Treasury, federal agency, and other agency securities | 23,826 |  |  | 50 |  |  | (2,454) |  |  | 21,422 |
Municipal securities | 4,194 |  |  | 8 |  |  | (87) |  |  | 4,115 |
Corporate debt | 192 |  |  | — |  |  | (17) |  |  | 175 |
Asset-backed securities | 269 |  |  | — |  |  | (10) |  |  | 259 |
Private-label CMO | 111 |  |  | — |  |  | (7) |  |  | 104 |
Other securities/sovereign debt | 10 |  |  | — |  |  | — |  |  | 10 |
Total available-for-sale securities | $ | 28,602 |  |  | $ | 58 |  |  | $ | (2,575) |  |  | $ | 26,085 |
Held-to-maturity securities: |  |  |  |  |  |  |
U.S. Treasury | $ | 2,339 |  |  | $ | 16 |  |  | $ | (1) |  |  | $ | 2,354 |
Federal agencies: |  |  |  |  |  |  |
Residential MBS | 7,919 |  |  | — |  |  | (1,005) |  |  | 6,914 |
Residential CMO | 3,971 |  |  | 4 |  |  | (543) |  |  | 3,432 |
Commercial MBS | 1,314 |  |  | — |  |  | (196) |  |  | 1,118 |
Other agencies | 53 |  |  | — |  |  | (3) |  |  | 50 |
Total U.S. Treasury, federal agency, and other agency securities | 15,596 |  |  | 20 |  |  | (1,748) |  |  | 13,868 |
Municipal securities | 1 |  |  | — |  |  | — |  |  | 1 |
Total held-to-maturity securities | $ | 15,597 |  |  | $ | 20 |  |  | $ | (1,748) |  |  | $ | 13,869 |
Other securities, at cost: |  |  |  |  |  |  |
Non-marketable equity securities: |  |  |  |  |  |  |
FRB stock | $ | 575 |  |  | $ | — |  |  | $ | — |  |  | $ | 575 |
FHLB stock | 237 |  |  | — |  |  | — |  |  | 237 |
Other non-marketable equity securities | 26 |  |  | — |  |  | — |  |  | 26 |
Other securities, at fair value: |  |  |  |  |  |  |
Mutual funds | 30 |  |  | — |  |  | — |  |  | 30 |
Equity securities | 2 |  |  | — |  |  | — |  |  | 2 |
Total other securities | $ | 870 |  |  | $ | — |  |  | $ | — |  |  | $ | 870 |
(1)Amortized cost amounts exclude accrued interest receivable, which is recorded within accrued income and other receivables on the Unaudited Consolidated Balance Sheet s. At September 30, 2025, accrued interest receivable on AFS securities and HTM securities totaled $89 million and $41 million, respectively. (2)Excluded from the amortized cost are portfolio level basis adjustments for securities designated in fair value hedges under the portfolio layer method. The basis adjustments totaled $160 million and represent a reduction to the amortized cost of the securities being hedged. The securities being hedged under the portfolio layer method are primarily Residential CMO and Residential MBS securities.
|  |  | Unrealized |  |
(dollar amounts in millions) | Amortized Cost (1)(2) |  | Gross Gains |  | Gross Losses |  | Fair Value
At December 31, 2024 |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |
U.S. Treasury | $ | 6,588 |  |  | $ | 11 |  |  | $ | (43) |  |  | $ | 6,556 |
Federal agencies: |  |  |  |  |  |  |
Residential MBS | 11,988 |  |  | — |  |  | (1,971) |  |  | 10,017 |
Residential CMO | 3,778 |  |  | 1 |  |  | (434) |  |  | 3,345 |
Commercial MBS | 2,519 |  |  | — |  |  | (767) |  |  | 1,752 |
Other agencies | 135 |  |  | — |  |  | (5) |  |  | 130 |
Total U.S. Treasury, federal agency, and other agency securities | 25,008 |  |  | 12 |  |  | (3,220) |  |  | 21,800 |
Municipal securities | 4,119 |  |  | 1 |  |  | (132) |  |  | 3,988 |
Corporate debt | 1,157 |  |  | — |  |  | (102) |  |  | 1,055 |
Asset-backed securities | 330 |  |  | — |  |  | (19) |  |  | 311 |
Private-label CMO | 119 |  |  | — |  |  | (10) |  |  | 109 |
Other securities/sovereign debt | 10 |  |  | — |  |  | — |  |  | 10 |
Total available-for-sale securities | $ | 30,743 |  |  | $ | 13 |  |  | $ | (3,483) |  |  | $ | 27,273 |
Held-to-maturity securities: |  |  |  |  |  |  |
U.S. Treasury | $ | 2,045 |  |  | $ | — |  |  | $ | (22) |  |  | $ | 2,023 |
Federal agencies: |  |  |  |  |  |  |
Residential MBS | 8,533 |  |  | — |  |  | (1,336) |  |  | 7,197 |
Residential CMO | 4,309 |  |  | 3 |  |  | (691) |  |  | 3,621 |
Commercial MBS | 1,407 |  |  | — |  |  | (231) |  |  | 1,176 |
Other agencies | 73 |  |  | — |  |  | (5) |  |  | 68 |
Total U.S. Treasury, federal agency, and other agency securities | 16,367 |  |  | 3 |  |  | (2,285) |  |  | 14,085 |
Municipal securities | 1 |  |  | — |  |  | — |  |  | 1 |
Total held-to-maturity securities | $ | 16,368 |  |  | $ | 3 |  |  | $ | (2,285) |  |  | $ | 14,086 |
Other securities, at cost: |  |  |  |  |  |  |
Non-marketable equity securities: |  |  |  |  |  |  |
FRB stock | $ | 521 |  |  | $ | — |  |  | $ | — |  |  | $ | 521 |
FHLB stock | 246 |  |  | — |  |  | — |  |  | 246 |
Other non-marketable equity securities | 25 |  |  | — |  |  | — |  |  | 25 |
Other securities, at fair value: |  |  |  |  |  |  |
Mutual funds | 29 |  |  | — |  |  | — |  |  | 29 |
Equity securities | 1 |  |  | 1 |  |  | — |  |  | 2 |
Total other securities | $ | 822 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 823 |
(1)Amortized cost amounts exclude accrued interest receivable, which is recorded within accrued income and other receivables on the Unaudited Consolidated Balance Sheet s. At December 31, 2024, accrued interest receivable on AFS securities and HTM securities totaled $89 million and $46 million, respectively. (2)Excluded from the amortized cost are portfolio level basis adjustments for securities designated in fair value hedges under the portfolio layer method. The basis adjustments totaled $458 million and represent a reduction to the amortized cost of the securities being hedged. The securities being hedged under the portfolio layer method are primarily Residential CMO and Residential MBS securities.
Investments by Contractual Maturity | The following table provides the amortized cost and fair value of securities by contractual maturity. Expected maturities may differ from contractual maturities as issuers may have the right to call or prepay obligations with or without incurring penalties.
| At September 30, 2025 |  | At December 31, 2024
(dollar amounts in millions) | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Available-for-sale securities: |  |  |  |  |  |  |
Under 1 year | $ | 2,101 |  |  | $ | 2,096 |  |  | $ | 3,620 |  |  | $ | 3,624 |
After 1 year through 5 years | 5,628 |  |  | 5,637 |  |  | 5,993 |  |  | 5,844 |
After 5 years through 10 years | 1,921 |  |  | 1,796 |  |  | 1,857 |  |  | 1,732 |
After 10 years | 18,952 |  |  | 16,556 |  |  | 19,273 |  |  | 16,073 |
Total available-for-sale securities | $ | 28,602 |  |  | $ | 26,085 |  |  | $ | 30,743 |  |  | $ | 27,273 |
Held-to-maturity securities: |  |  |  |  |  |  |
Under 1 year | $ | 404 |  |  | $ | 404 |  |  | $ | 255 |  |  | $ | 256 |
After 1 year through 5 years | 1,967 |  |  | 1,981 |  |  | 1,818 |  |  | 1,796 |
After 5 years through 10 years | 146 |  |  | 134 |  |  | 65 |  |  | 60 |
After 10 years | 13,080 |  |  | 11,350 |  |  | 14,230 |  |  | 11,974 |
Total held-to-maturity securities | $ | 15,597 |  |  | $ | 13,869 |  |  | $ | 16,368 |  |  | $ | 14,086 |
Investments with Unrealized Losses by Investment Category | The following tables provide detail on investment securities with unrealized losses aggregated by investment category and the length of time the individual securities have been in a continuous loss position.
| Less than 12 Months |  | Over 12 Months |  | Total
(dollar amounts in millions) | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
At September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury | $ | 98 |  |  | $ | (1) |  |  | $ | 798 |  |  | $ | (2) |  |  | $ | 896 |  |  | $ | (3) |
Federal agencies: |  |  |  |  |  |  |  |  |  |  |
Residential MBS | 15 |  |  | — |  |  | 9,356 |  |  | (1,461) |  |  | 9,371 |  |  | (1,461) |
Residential CMO | 218 |  |  | — |  |  | 2,692 |  |  | (324) |  |  | 2,910 |  |  | (324) |
Commercial MBS | — |  |  | — |  |  | 1,782 |  |  | (663) |  |  | 1,782 |  |  | (663) |
Other agencies | 29 |  |  | — |  |  | 65 |  |  | (3) |  |  | 94 |  |  | (3) |
Total U.S. Treasury, federal agency, and other agency securities | 360 |  |  | (1) |  |  | 14,693 |  |  | (2,453) |  |  | 15,053 |  |  | (2,454) |
Municipal securities | 862 |  |  | (12) |  |  | 2,167 |  |  | (75) |  |  | 3,029 |  |  | (87) |
Corporate debt | — |  |  | — |  |  | 175 |  |  | (17) |  |  | 175 |  |  | (17) |
Asset-backed securities | — |  |  | — |  |  | 254 |  |  | (10) |  |  | 254 |  |  | (10) |
Private-label CMO | — |  |  | — |  |  | 81 |  |  | (7) |  |  | 81 |  |  | (7) |
Total temporarily impaired available-for-sale securities | $ | 1,222 |  |  | $ | (13) |  |  | $ | 17,370 |  |  | $ | (2,562) |  |  | $ | 18,592 |  |  | $ | (2,575) |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury | $ | 94 |  |  | $ | — |  |  | $ | 362 |  |  | $ | (1) |  |  | $ | 456 |  |  | $ | (1) |
Federal agencies: |  |  |  |  |  |  |  |  |  |  |
Residential MBS | 45 |  |  | (1) |  |  | 6,822 |  |  | (1,004) |  |  | 6,867 |  |  | (1,005) |
Residential CMO | 50 |  |  | — |  |  | 3,019 |  |  | (543) |  |  | 3,069 |  |  | (543) |
Commercial MBS | — |  |  | — |  |  | 1,117 |  |  | (196) |  |  | 1,117 |  |  | (196) |
Other agencies | — |  |  | — |  |  | 50 |  |  | (3) |  |  | 50 |  |  | (3) |
Total U.S. Treasury, federal agency, and other agency securities | 189 |  |  | (1) |  |  | 11,370 |  |  | (1,747) |  |  | 11,559 |  |  | (1,748) |
Municipal securities | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |
Total temporarily impaired held-to-maturity securities | $ | 189 |  |  | $ | (1) |  |  | $ | 11,371 |  |  | $ | (1,747) |  |  | $ | 11,560 |  |  | $ | (1,748) |
| Less than 12 Months |  | Over 12 Months |  | Total
(dollar amounts in millions) | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
At December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury | $ | 3,153 |  |  | $ | (43) |  |  | $ | — |  |  | $ | — |  |  | $ | 3,153 |  |  | $ | (43) |
Federal agencies: |  |  |  |  |  |  |  |  |  |  |
Residential MBS | 275 |  |  | (5) |  |  | 9,676 |  |  | (1,966) |  |  | 9,951 |  |  | (1,971) |
Residential CMO | 243 |  |  | (1) |  |  | 2,802 |  |  | (433) |  |  | 3,045 |  |  | (434) |
Commercial MBS | — |  |  | — |  |  | 1,752 |  |  | (767) |  |  | 1,752 |  |  | (767) |
Other agencies | 21 |  |  | — |  |  | 69 |  |  | (5) |  |  | 90 |  |  | (5) |
Total U.S. Treasury, federal agency, and other agency securities | 3,692 |  |  | (49) |  |  | 14,299 |  |  | (3,171) |  |  | 17,991 |  |  | (3,220) |
Municipal securities | 985 |  |  | (25) |  |  | 2,336 |  |  | (107) |  |  | 3,321 |  |  | (132) |
Corporate debt | — |  |  | — |  |  | 1,053 |  |  | (102) |  |  | 1,053 |  |  | (102) |
Asset-backed securities | 49 |  |  | — |  |  | 263 |  |  | (19) |  |  | 312 |  |  | (19) |
Private-label CMO | — |  |  | — |  |  | 87 |  |  | (10) |  |  | 87 |  |  | (10) |
Total temporarily impaired available-for-sale securities | $ | 4,726 |  |  | $ | (74) |  |  | $ | 18,038 |  |  | $ | (3,409) |  |  | $ | 22,764 |  |  | $ | (3,483) |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury | $ | 1,581 |  |  | $ | (22) |  |  | $ | — |  |  | $ | — |  |  | $ | 1,581 |  |  | $ | (22) |
Federal agencies: |  |  |  |  |  |  |  |  |  |  |
Residential MBS | 99 |  |  | (2) |  |  | 7,097 |  |  | (1,334) |  |  | 7,196 |  |  | (1,336) |
Residential CMO | 163 |  |  | (1) |  |  | 3,152 |  |  | (690) |  |  | 3,315 |  |  | (691) |
Commercial MBS | — |  |  | — |  |  | 1,176 |  |  | (231) |  |  | 1,176 |  |  | (231) |
Other agencies | — |  |  | — |  |  | 69 |  |  | (5) |  |  | 69 |  |  | (5) |
Total U.S. Treasury, federal agency, and other agency securities | 1,843 |  |  | (25) |  |  | 11,494 |  |  | (2,260) |  |  | 13,337 |  |  | (2,285) |
Municipal securities | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |
Total temporarily impaired held-to-maturity securities | $ | 1,843 |  |  | $ | (25) |  |  | $ | 11,495 |  |  | $ | (2,260) |  |  | $ | 13,338 |  |  | $ | (2,285) |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration