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Debt securities available-for-sale (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments [Abstract] |
Debt Securities, Available-For-Sale | At December 31, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 7,103,518 $ 526 $ 59,415 $ 7,044,629 3.51 % After 1 to 5 years 3,598,209 84 170,209 3,428,084 1.35 After 5 to 10 years 307,512 - 33,164 274,348 1.63 Total U.S. Treasury securities 11,009,239 610 262,788 10,747,061 2.75 Collateralized mortgage obligations - federal agencies After 1 to 5 years 17,899 - 838 17,061 1.55 After 5 to 10 years 20,503 2 1,321 19,184 2.28 After 10 years 108,280 29 9,868 98,441 2.54 Total collateralized mortgage obligations - federal agencies 146,682 31 12,027 134,686 2.38 Mortgage-backed securities Within 1 year 637 - 3 634 3.72 After 1 to 5 years 82,310 11 3,536 78,785 2.34 After 5 to 10 years 792,431 75 48,250 744,256 2.28 After 10 years 6,067,353 667 1,046,909 5,021,111 1.64 Total mortgage-backed securities 6,942,731 753 1,098,698 5,844,786 1.72 Other Within 1 year 1,011 - - 1,011 4.00 After 1 to 5 years 1,500 - - 1,500 8.50 Total other 2,511 - - 2,511 6.69 Total debt securities available-for-sale [1] $ 18,101,163 $ 1,394 $ 1,373,513 $ 16,729,044 2.35 % [1] Includes $ 12 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 $ 11.1 billion serve as collateral for public funds. The Corporation had unpledged Available for Sale securities with a fair value of $ 4.6 billion that could be used to increase its borrowing facilities. At December 31, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 4,576,127 $ 506 $ 47,156 $ 4,529,477 2.42 % After 1 to 5 years 6,793,739 - 410,858 6,382,881 1.35 After 5 to 10 years 308,854 - 40,264 268,590 1.63 Total U.S. Treasury securities 11,678,720 506 498,278 11,180,948 1.78 Collateralized mortgage obligations - federal agencies After 1 to 5 years 3,914 - 213 3,701 1.77 After 5 to 10 years 47,979 - 3,428 44,551 1.73 After 10 years 127,639 24 10,719 116,944 2.53 Total collateralized mortgage obligations - federal agencies 179,532 24 14,360 165,196 2.30 Mortgage-backed securities After 1 to 5 years 74,328 11 3,428 70,911 2.33 After 5 to 10 years 866,757 43 58,997 807,803 2.16 After 10 years 6,762,150 932 1,184,626 5,578,456 1.61 Total mortgage-backed securities 7,703,235 986 1,247,051 6,457,170 1.68 Other After 1 to 5 years 1,062 - 2 1,060 3.98 Total other 1,062 - 2 1,060 3.98 Total debt securities available-for-sale [1] $ 19,562,549 $ 1,516 $ 1,759,691 $ 17,804,374 1.75 % [1] Includes $ 11.3 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 $ 10.3 billion serve as collateral for public funds. The Corporation had unpledged Available for Sale securities with a fair value of $ 6.4 billion that could be used to increase its borrowing facilities.
Schedule Of Aggregate Amortized Cost And Fair Value Of Afs By Contractual Maturity | (In thousands) Amortized cost Fair value Within 1 year $ 7,105,166 $ 7,046,274 After 1 to 5 years 3,699,918 3,525,430 After 5 to 10 years 1,120,446 1,037,788 After 10 years 6,175,633 5,119,552 Total debt securities available-for-sale $ 18,101,163 $ 16,729,044
Schedule Of Realized Gain Loss | (In thousands) 2023 2022 2021 Gross realized gains $ - $ - $ 695 Gross realized losses - - (672) Net realized gains (losses) on sale of debt securities available -for-sale $ - $ - $ 23
Debt Securities Available For Sale Unrealized Loss Position Fair Value | At December 31, 2023 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 $ 244,925 $ 5,126 $ 6,550,941 $ 257,662 $ 6,795,866 $ 262,788 Collateralized mortgage obligations - federal agencies 5,234 35 124,930 11,992 130,164 12,027 Mortgage-backed securities 37,118 405 5,779,260 1,098,293 5,816,378 1,098,698 Total debt securities available-for-sale in an unrealized loss position $ 287,277 $ 5,566 $ 12,455,131 $ 1,367,947 $ 12,742,408 $ 1,373,513 At December 31, 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 $ 6,027,786 $ 288,582 $ 3,244,572 $ 209,696 $ 9,272,358 $ 498,278 Collateralized mortgage obligations - federal agencies 139,845 10,655 22,661 3,705 162,506 14,360 Mortgage-backed securities 1,740,214 138,071 4,662,195 1,108,980 6,402,409 1,247,051 Other 60 2 - - 60 2 Total debt securities available-for-sale in an unrealized loss position $ 7,907,905 $ 437,310 $ 7,929,428 $ 1,322,381 $ 15,837,333 $ 1,759,691

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