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Debt securities available-for-sale (Tables) | 6 Months Ended
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Jun. 30, 2022
Investments [Abstract] |
Debt Securities, Available-For-Sale |
|  | At June 30, 2022 |
|  |  |  | Gross | Gross |  |  | Weighted |
|  | Amortized | unrealized | unrealized | Fair | average |
(In thousands) | cost | gains | losses | value | yield |
U.S. Treasury securities |  |  |  |  |  |  |  |  |  |
| Within 1 year | $ | 3,846,972 | $ | 862 | $ | 14,196 | $ | 3,833,638 | 1.40 | %
| After 1 to 5 years |  | 11,863,562 |  | 21 |  | 593,726 |  | 11,269,857 | 1.28 |
| After 5 to 10 years |  | 4,115,435 |  | - |  | 378,448 |  | 3,736,987 | 1.36 |
Total U.S. Treasury securities |  | 19,825,969 |  | 883 |  | 986,370 |  | 18,840,482 | 1.32 |
Obligations of U.S. Government sponsored entities |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 70 |  | - |  | - |  | 70 | 5.51 |
Total obligations of U.S. Government sponsored entities |  | 70 |  | - |  | - |  | 70 | 5.51 |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 1,725 |  | - |  | 27 |  | 1,698 | 2.20 |
| After 5 to 10 years |  | 44,777 |  | 2 |  | 1,484 |  | 43,295 | 1.65 |
| After 10 years |  | 134,231 |  | 312 |  | 6,752 |  | 127,791 | 2.24 |
Total collateralized mortgage obligations - federal agencies |  | 180,733 |  | 314 |  | 8,263 |  | 172,784 | 2.09 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 3 |  | - |  | - |  | 3 | 5.62 |
| After 1 to 5 years |  | 59,826 |  | 150 |  | 991 |  | 58,985 | 2.21 |
| After 5 to 10 years |  | 836,020 |  | 136 |  | 26,286 |  | 809,870 | 2.09 |
| After 10 years |  | 7,297,573 |  | 4,002 |  | 918,113 |  | 6,383,462 | 1.60 |
Total mortgage-backed securities |  | 8,193,422 |  | 4,288 |  | 945,390 |  | 7,252,320 | 1.66 |
Other |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 595 |  | - |  | - |  | 595 | 3.10 |
Total other |  | 595 |  | - |  | - |  | 595 | 3.10 |
Total debt securities available-for-sale[1] | $ | 28,200,789 | $ | 5,485 | $ | 1,940,023 | $ | 26,266,251 | 1.42 | %
[1] | Includes $20.7 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $19.5 billion serve as collateral for public funds.
|  | At December 31, 2021 |
|  |  |  | Gross | Gross |  |  | Weighted |
|  | Amortized | unrealized | unrealized | Fair | average |
(In thousands) | cost | gains | losses | value | yield |
U.S. Treasury securities |  |  |  |  |  |  |  |  |  |
| Within 1 year | $ | 1,225,558 | $ | 13,556 | $ | 69 | $ | 1,239,045 | 2.33 | %
| After 1 to 5 years |  | 10,059,163 |  | 98,808 |  | 65,186 |  | 10,092,785 | 1.18 |
| After 5 to 10 years |  | 4,563,265 |  | 739 |  | 36,804 |  | 4,527,200 | 1.22 |
Total U.S. Treasury securities |  | 15,847,986 |  | 113,103 |  | 102,059 |  | 15,859,030 | 1.27 |
Obligations of U.S. Government sponsored entities |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 70 |  | - |  | - |  | 70 | 5.63 |
Total obligations of U.S. Government sponsored entities |  | 70 |  | - |  | - |  | 70 | 5.63 |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 2,433 |  | 42 |  | - |  | 2,475 | 2.16 |
| After 5 to 10 years |  | 43,241 |  | 295 |  | 6 |  | 43,530 | 1.54 |
| After 10 years |  | 172,176 |  | 3,441 |  | 357 |  | 175,260 | 2.13 |
Total collateralized mortgage obligations - federal agencies |  | 217,850 |  | 3,778 |  | 363 |  | 221,265 | 2.01 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 11 |  | 1 |  | - |  | 12 | 4.79 |
| After 1 to 5 years |  | 65,749 |  | 2,380 |  | 11 |  | 68,118 | 2.23 |
| After 5 to 10 years |  | 665,600 |  | 17,998 |  | 5 |  | 683,593 | 1.97 |
| After 10 years |  | 8,263,835 |  | 68,128 |  | 195,910 |  | 8,136,053 | 1.67 |
Total mortgage-backed securities |  | 8,995,195 |  | 88,507 |  | 195,926 |  | 8,887,776 | 1.69 |
Other |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 123 |  | 5 |  | - |  | 128 | 3.62 |
Total other |  | 123 |  | 5 |  | - |  | 128 | 3.62 |
Total debt securities available-for-sale[1] | $ | 25,061,224 | $ | 205,393 | $ | 298,348 | $ | 24,968,269 | 1.42 | %
[1] | Includes $22.0 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $20.9 billion serve as collateral for public funds.
Debt Securities Available For Sale Unrealized Loss Position Fair Value |
|  | At June 30, 2022
| Less than 12 months | 12 months or more | Total
|  |  |  | Gross |  |  | Gross |  |  | Gross
|  | Fair | unrealized | Fair | unrealized | Fair | unrealized
(In thousands) | value | losses | value | losses | value | losses
U.S. Treasury securities | $ | 15,450,643 | $ | 945,084 | $ | 664,811 | $ | 41,286 | $ | 16,115,454 | $ | 986,370
Collateralized mortgage obligations - federal agencies |  | 148,922 |  | 8,166 |  | 852 |  | 97 |  | 149,774 |  | 8,263
Mortgage-backed securities |  | 2,972,601 |  | 218,959 |  | 4,176,733 |  | 726,431 |  | 7,149,334 |  | 945,390
Total debt securities available-for-sale in an unrealized loss position | $ | 18,572,166 | $ | 1,172,209 | $ | 4,842,396 | $ | 767,814 | $ | 23,414,562 | $ | 1,940,023
|  | At December 31, 2021
| Less than 12 months | 12 months or more | Total
|  |  |  | Gross |  |  | Gross |  |  | Gross
|  | Fair | unrealized | Fair | unrealized | Fair | unrealized
(In thousands) | value | losses | value | losses | value | losses
U.S. Treasury securities | $ | 9,590,448 | $ | 102,059 | $ | - | $ | - | $ | 9,590,448 | $ | 102,059
Collateralized mortgage obligations - federal agencies |  | 35,533 |  | 334 |  | 1,084 |  | 29 |  | 36,617 |  | 363
Mortgage-backed securities |  | 5,767,556 |  | 170,614 |  | 595,051 |  | 25,312 |  | 6,362,607 |  | 195,926
Total debt securities available-for-sale in an unrealized loss position | $ | 15,393,537 | $ | 273,007 | $ | 596,135 | $ | 25,341 | $ | 15,989,672 | $ | 298,348

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + Details
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