XML 133 R29.htm IDEA: XBRL DOCUMENT v3.23.1

Investment Securities (Tables)

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Held-to-Maturity and Available-for-Sale Securities

The following tables summarize the Company’s portfolio of debt securities available for sale and equity investments with readily determinable fair values:

			March 31, 2023
(in millions)			Amortized Cost						Gross Unrealized Gain						Gross Unrealized Loss						Fair Value
Debt securities available-for-sale
Mortgage-Related Debt Securities:
GSE certificates			$	1,388					$	1					$	143					$	1,246
GSE CMOs			3,562						4						284						3,282
Private Label CMOs			183						6						1						188
Total mortgage-related debt securities			$	5,133					$	11					$	428					$	4,716
Other Debt Securities:
U. S. Treasury obligations			$	—					$	—					$	—					$	—
GSE debentures			1,899						—						310						1,589
Asset-backed securities (1)			345						—						10						335
Municipal bonds			18						—						—						18
Corporate bonds			864						2						33						833
Foreign notes			20						—						1						19
Capital trust notes			97						5						13						89
Total other debt securities			$	3,243					$	7					$	367					$	2,883
Total debt securities available for sale			$	8,376					$	18					$	795					$	7,599
Equity securities:
Mutual funds			$	16					$	—					$	2					$	14
Total equity securities			$	16					$	—					$	2					$	14
Total securities (2)			$	8,392					$	18					$	797					$	7,613

(1)The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.

(2)Excludes accrued interest receivable of $30 million included in other assets in the Consolidated Statements of Condition.

			December 31, 2022
(in millions)			Amortized Cost						Gross Unrealized Gain						Gross Unrealized Loss						Fair Value
Debt securities available-for-sale
Mortgage-Related Debt Securities:
GSE certificates			$	1,457					$	—					$	160					$	1,297
GSE CMOs			3,600						1						300						3,301
Private Label CMOs			185						6						—						191
Total mortgage-related debt securities			$	5,242					$	7					$	460					$	4,789
Other Debt Securities:
U. S. Treasury obligations			$	1,491					$	—					$	4					$	1,487
GSE debentures			1,749						—						351						1,398
Asset-backed securities (1)			375						—						14						361
Municipal bonds			30						—						—						30
Corporate bonds			913						2						30						885
Foreign Notes			20						—						—						20
Capital trust notes			97						5						12						90
Total other debt securities			$	4,675					$	7					$	411					$	4,271
Total other securities available for sale			$	9,917					$	14					$	871					$	9,060
Equity securities:
Mutual funds			$	16					$	—					$	2					$	14
Total equity securities			$	16					$	—					$	2					$	14
Total securities (2)			$	9,933					$	14					$	873					$	9,074

(1)The underlying assets of the asset-backed securities are substantially guaranteed by the U.S. Government.

(2)Excludes accrued interest receivable of $31 million included in other assets in the Consolidated Statements of Condition.

Summary of Unrealized Loss Positions on Investment Securities Held-to-Maturity

The following table summarizes, by contractual maturity, the amortized cost of securities at March 31, 2023:

			Mortgage- Related Securities						U.S. Government and GSE Obligations						State, County, and Municipal						Other Debt Securities (1)						Fair Value
( in millions)
Available-for-Sale Debt Securities:
Due within one year			$	21					$	97					$	—					$	20					$	136
Due from one to five years			175						300						—						459						926
Due from five to ten years			328						1,377						18						469						1,839
Due after ten years			4,609						125						—						378						4,698
Total debt securities available for sale			$	5,133					$	1,899					$	18					$	1,326					$	7,599

(1)Includes corporate bonds, capital trust notes, foreign notes, and asset-backed securities.

Schedule of Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity

The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of March 31, 2023:

			Less than Twelve Months												Twelve Months or Longer												Total
(in millions)			Fair Value						Unrealized Loss						Fair Value						Unrealized Loss						Fair Value						Unrealized Loss
Temporarily Impaired Securities:
U.S. Government agency and GSE obligations			$	343					$	4					$	1,196					$	306					$	1,539					$	310
GSE certificates			239						5						757						138						996						143
Private Label CMOs			4						1						—						—						4						1
GSE CMOs			1,378						17						1,215						267						2,593						284
Asset-backed securities			94						1						241						9						335						10
Municipal bonds			—						—						7						—						7						—
Corporate bonds			334						3						373						30						707						33
Foreign notes			19						1						—						—						19						1
Capital trust notes			23						1						56						12						79						13
Equity securities			—						—						14						2						14						2
Total temporarily impaired securities			$	2,434					$	33					$	3,859					$	764					$	6,293					$	797

The following table presents securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2022:

			Less than Twelve Months												Twelve Months or Longer												Total
(in millions)			Fair Value						Unrealized Loss						Fair Value						Unrealized Loss						Fair Value						Unrealized Loss
Temporarily Impaired Securities:
U. S. Treasury obligations			$	1,487					$	4					$	—					$	—					$	1,487					$	4
U.S. Government agency and GSE obligations			243						5						1,156						346						1,399						351
GSE certificates			871						46						420						114						1,291						160
GSE CMOs			2,219						36						925						264						3,144						300
Asset-backed securities			61						2						262						12						323						14
Municipal bonds			9						—						7						—						16						—
Corporate bonds			698						27						97						4						795						31
Foreign notes			20						—						—						—						20						—
Capital trust notes			46						2						34						10						80						12
Equity securities			4						—						10						2						14						2
Total temporarily impaired securities			$	5,658					$	122					$	2,911					$	752					$	8,569					$	874

X

- Definition

The table text block of the schedule of trading and available-for-sale securities.

+ References

No definition available.

+ Details

Name:	fbc_ScheduleOfTradingAndAvailableForSaleSecuritiesTableTextBlock
Namespace Prefix:	fbc_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5B
-URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269825-111563

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5A
-URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269820-111563

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27232-111563

+ Details

Name:	us-gaap_HeldToMaturitySecuritiesTextBlock
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