XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.10.0.1

SECURITIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract] |
Schedule of securities held | The following table presents the major components of securities at amortized cost and fair value:
| June 30, 2018 |  | December 31, 2017
(in millions) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value |  | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
Debt Securities Available for Sale, At Fair Value |  |  |  |  |  |  |  |  |
U.S. Treasury and other |  | $12 |  |  | $— |  |  | $— |  |  | $12 |  |  |  | $12 |  |  | $— |  |  | $— |  |  | $12 |
State and political subdivisions | 6 |  | — |  | — |  | 6 |  |  | 6 |  | — |  | — |  | 6 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |
Federal agencies and U.S. government sponsored entities | 20,559 |  | 17 |  | (705 | ) | 19,871 |  |  | 20,065 |  | 40 |  | (277 | ) | 19,828 |
Other/non-agency | 269 |  | 5 |  | (6 | ) | 268 |  |  | 311 |  | 7 |  | (7 | ) | 311 |
Total mortgage-backed securities | 20,828 |  | 22 |  | (711 | ) | 20,139 |  |  | 20,376 |  | 47 |  | (284 | ) | 20,139 |
Total debt securities available for sale, at fair value |  | $20,846 |  |  | $22 |  |  | ($711 | ) |  | $20,157 |  |  |  | $20,394 |  |  | $47 |  |  | ($284 | ) |  | $20,157 |
Debt Securities Held to Maturity |  |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |
Federal agencies and U.S. government sponsored entities |  | $3,632 |  |  | $— |  |  | ($159 | ) |  | $3,473 |  |  |  | $3,853 |  |  | $7 |  |  | ($46 | ) |  | $3,814 |
Other/non-agency | 785 |  | 5 |  | (3 | ) | 787 |  |  | 832 |  | 22 |  | — |  | 854 |
Total mortgage-backed securities | 4,417 |  | 5 |  | (162 | ) | 4,260 |  |  | 4,685 |  | 29 |  | (46 | ) | 4,668 |
Total debt securities held to maturity |  | $4,417 |  |  | $5 |  |  | ($162 | ) |  | $4,260 |  |  |  | $4,685 |  |  | $29 |  |  | ($46 | ) |  | $4,668 |
Equity Securities, at Fair Value |  |  |  |  |  |  |  |  |
Money market mutual fund investments |  | $170 |  |  | $— |  |  | $— |  |  | $170 |  |  |  | $165 |  |  | $— |  |  | $— |  |  | $165 |
Other investments | — |  | — |  | — |  | — |  |  | 4 |  | — |  | — |  | 4 |
Total equity securities, at fair value |  | $170 |  |  | $— |  |  | $— |  |  | $170 |  |  |  | $169 |  |  | $— |  |  | $— |  |  | $169 |
Equity Securities, at Cost |  |  |  |  |  |  |  |  |
Federal Reserve Bank stock |  | $463 |  |  | $— |  |  | $— |  |  | $463 |  |  |  | $463 |  |  | $— |  |  | $— |  |  | $463 |
Federal Home Loan Bank stock | 299 |  | — |  | — |  | 299 |  |  | 252 |  | — |  | — |  | 252 |
Other equity securities | 7 |  | — |  | — |  | 7 |  |  | 7 |  | — |  | — |  | 7 |
Total equity securities, at cost |  | $769 |  |  | $— |  |  | $— |  |  | $769 |  |  |  | $722 |  |  | $— |  |  | $— |  |  | $722 |
Schedule of investments classified by maturity date | The amortized cost and fair value of debt securities by contractual maturity as of June 30, 2018 are presented below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without incurring penalties.
| June 30, 2018
| Distribution of Maturities
(in millions) | 1 Year or Less | 1-5 Years | 5-10 Years | After 10 Years | Total |
Amortized Cost: |  |  |  |  |
Debt securities available for sale |  |  |  |  |
U.S. Treasury and other |  | $12 |  |  | $— |  |  | $— |  |  | $— |  |  | $12 |
State and political subdivisions | — |  | — |  | — |  | 6 |  | 6 |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | — |  | 326 |  | 1,402 |  | 18,831 |  | 20,559 |
Other/non-agency | 2 |  | 13 |  | — |  | 254 |  | 269 |
Total debt securities available for sale | 14 |  | 339 |  | 1,402 |  | 19,091 |  | 20,846 |
Debt securities held to maturity |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | — |  | — |  | — |  | 3,632 |  | 3,632 |
Other/non-agency | — |  | — |  | — |  | 785 |  | 785 |
Total debt securities held to maturity | — |  | — |  | — |  | 4,417 |  | 4,417 |
Total amortized cost of debt securities |  | $14 |  |  | $339 |  |  | $1,402 |  |  | $23,508 |  |  | $25,263 |
Fair Value: |  |  |  |  |
Debt securities available for sale |  |  |  |  |
U.S. Treasury and other |  | $12 |  |  | $— |  |  | $— |  |  | $— |  |  | $12 |
State and political subdivisions | — |  | — |  | — |  | 6 |  | 6 |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | — |  | 321 |  | 1,372 |  | 18,178 |  | 19,871 |
Other/non-agency | 2 |  | 13 |  | — |  | 253 |  | 268 |
Total debt securities available for sale | 14 |  | 334 |  | 1,372 |  | 18,437 |  | 20,157 |
Debt securities held to maturity |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |
Federal agencies and U.S. government sponsored entities | — |  | — |  | — |  | 3,473 |  | 3,473 |
Other/non-agency | — |  | — |  | — |  | 787 |  | 787 |
Total debt securities held to maturity | — |  | — |  | — |  | 4,260 |  | 4,260 |
Total fair value of debt securities |  | $14 |  |  | $334 |  |  | $1,372 |  |  | $22,697 |  |  | $24,417 |
Schedule of income recognized on investment securities | Realized gains and losses on securities are presented below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Gains on sale of debt securities |  | $2 |  |  |  | $3 |  |  |  | $10 |  |  |  | $7 |
Losses on sale of debt securities | — |  |  | — |  |  | — |  |  | — |
Debt securities gains, net |  | $2 |  |  |  | $3 |  |  |  | $10 |  |  |  | $7 |
Equity securities gains |  | $— |  |  |  | $1 |  |  |  | $— |  |  |  | $1 |
Schedule of financial instruments owned and pledged as collateral | The amortized cost and fair value of debt securities pledged are presented below:
| June 30, 2018 |  | December 31, 2017
(in millions) | Amortized Cost | Fair Value |  |  | Amortized Cost | Fair Value |
Pledged against repurchase agreements |  | $341 |  |  | $328 |  |  |  | $358 |  |  | $357 |
Pledged against FHLB borrowed funds | 791 |  | 792 |  |  | 839 |  | 861 |
Pledged against derivatives, to qualify for fiduciary powers, and to secure public and other deposits as required by law | 4,136 |  | 3,978 |  |  | 3,113 |  | 3,082 |
Schedule of unrealized loss on investments | The following tables present mortgage-backed debt securities whose fair values are below carrying values, segregated by those that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve months or longer:
| June 30, 2018
| Less than 12 Months |  | 12 Months or Longer |  | Total
(dollars in millions) | Number of Issues | Fair Value | Gross Unrealized Losses |  | Number of Issues | Fair Value | Gross Unrealized Losses |  | Number of Issues | Fair Value | Gross Unrealized Losses
Federal agencies and U.S. government sponsored entities | 434 |  |  | $14,384 |  |  | ($434 | ) |  | 155 |  |  | $7,358 |  |  | ($430 | ) |  | 589 |  |  | $21,742 |  |  | ($864 | )
Other/non-agency | 11 |  | 285 |  | (3 | ) |  | 10 |  | 76 |  | (6 | ) |  | 21 |  | 361 |  | (9 | )
Total | 445 |  |  | $14,669 |  |  | ($437 | ) |  | 165 |  |  | $7,434 |  |  | ($436 | ) |  | 610 |  |  | $22,103 |  |  | ($873 | )
| December 31, 2017
| Less than 12 Months |  | 12 Months or Longer |  | Total
(dollars in millions) | Number of Issues | Fair Value | Gross Unrealized Losses |  | Number of Issues | Fair Value | Gross Unrealized Losses |  | Number of Issues | Fair Value | Gross Unrealized Losses
Federal agencies and U.S. government sponsored entities | 294 |  |  | $10,163 |  |  | ($97 | ) |  | 152 |  |  | $8,061 |  |  | ($226 | ) |  | 446 |  |  | $18,224 |  |  | ($323 | )
Other/non-agency | 6 |  | 55 |  | (1 | ) |  | 10 |  | 84 |  | (6 | ) |  | 16 |  | 139 |  | (7 | )
Total | 300 |  |  | $10,218 |  |  | ($98 | ) |  | 162 |  |  | $8,145 |  |  | ($232 | ) |  | 462 |  |  | $18,363 |  |  | ($330 | )
Schedule of credit losses recognized in earnings | The following table presents the cumulative credit-related losses recognized in earnings on debt securities held by the Company:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Cumulative balance at beginning of period |  | $80 |  |  |  | $75 |  |  |  | $80 |  |  |  | $75 |
Credit impairments recognized in earnings on debt securities that have been previously impaired | 1 |  |  | 4 |  |  | 2 |  |  | 5 |
Reductions due to increases in cash flow expectations on impaired debt securities(1) | — |  |  | — |  |  | (1 | ) |  | (1 | )
Cumulative balance at end of period |  | $81 |  |  |  | $79 |  |  |  | $81 |  |  |  | $79 |
(1) Reported in interest income from investment securities on the Consolidated Statements of Operations.

X
- Definition Tabular disclosure of available-for-sale, held to maturity, and other investment 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, and amortized cost basis. + References No definition available. + Details
Name: | cfg_SecuritiesTableTextBlock
Namespace Prefix: | cfg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=75030427&loc=d3e22054-111558 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27405-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.M) -URI http://asc.fasb.org/extlink&oid=65877573&loc=d3e87990-122713 + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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: | nonnum: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 the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27340-111563 + Details
Name: | us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64858031&loc=SL6224234-111729 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728 + Details
Name: | us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: 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=82897076&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration