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Debt securities available-for-sale (Tables) | 6 Months Ended
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Jun. 30, 2024
Investments [Abstract] |
Debt Securities, Available-For-Sale | At June 30, 2024 Allowance Gross Gross Weighted Amortized for credit unrealized unrealized Fair average (In thousands) cost losses gains losses value yield U.S. Treasury securities Within 1 year $ 10,828,370 $ - $ 34 $ 61,019 $ 10,767,385 4.00 % After 1 to 5 years 2,275,875 - 51 123,554 2,152,372 1.33 After 5 to 10 years 99,526 - - 11,897 87,629 1.72 Total U.S. Treasury securities 13,203,771 - 85 196,470 13,007,386 3.52 Collateralized mortgage obligations - federal agencies After 1 to 5 years 14,014 - - 669 13,345 1.54 After 5 to 10 years 17,931 - - 1,214 16,717 2.30 After 10 years 111,701 - 91 10,001 101,791 2.76 Total collateralized mortgage obligations - federal agencies 143,646 - 91 11,884 131,853 2.59 Mortgage-backed securities - federal agencies Within 1 year 1,323 - - 21 1,302 1.75 After 1 to 5 years 73,250 - 5 3,403 69,852 2.40 After 5 to 10 years 828,760 - 140 57,755 771,145 2.35 After 10 years 5,712,046 - 223 1,153,028 4,559,241 1.64 Total mortgage-backed securities - federal agencies 6,615,379 - 368 1,214,207 5,401,540 1.74 Other Within 1 year 1,000 500 - - 500 5.00 After 1 to 5 years 1,500 - - - 1,500 8.50 Total other 2,500 500 - - 2,000 7.10 Total debt securities available-for-sale [1] $ 19,965,296 $ 500 $ 544 $ 1,422,561 $ 18,542,779 2.92 % [1] Includes $ 13.8 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 $ 12.8 billion serve as collateral for public funds. The Corporation had unpledged Available for Sale securities with a fair value of $ 4.7 billion that could be used to increase its borrowing facilities. 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 - federal agencies 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 - federal agencies 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.
Debt Securities Available For Sale Unrealized Loss Position Fair Value | At June 30, 2024 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 $ 6,003,623 $ 4,122 $ 5,111,232 $ 192,348 $ 11,114,855 $ 196,470 Collateralized mortgage obligations - federal agencies 6,982 26 116,418 11,858 123,400 11,884 Mortgage-backed securities 43,617 662 5,337,896 1,213,545 5,381,513 1,214,207 Total debt securities available-for-sale in an unrealized loss position $ 6,054,222 $ 4,810 $ 10,565,546 $ 1,417,751 $ 16,619,768 $ 1,422,561 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

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