|
Securities (Tables)
|
6 Months Ended |
|
Jun. 30, 2012
|
| Schedule Of Amortized Cost, Gross Unrealized Gains And Losses, And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30,
2012 |
|
| |
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Estimated
Fair
Value |
|
| |
|
(In
millions) |
|
|
Securities available for
sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury
securities
|
|
$ |
48 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
51 |
|
|
Federal agency
securities
|
|
|
232 |
|
|
|
3 |
|
|
|
— |
|
|
|
235 |
|
|
Obligations of states and
political subdivisions
|
|
|
14 |
|
|
|
— |
|
|
|
— |
|
|
|
14 |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
|
22,923 |
|
|
|
578 |
|
|
|
(7 |
) |
|
|
23,494 |
|
|
Residential
non-agency
|
|
|
13 |
|
|
|
1 |
|
|
|
— |
|
|
|
14 |
|
|
Commercial
agency
|
|
|
499 |
|
|
|
15 |
|
|
|
— |
|
|
|
514 |
|
|
Commercial
non-agency
|
|
|
619 |
|
|
|
18 |
|
|
|
— |
|
|
|
637 |
|
|
Corporate and other debt
securities
|
|
|
1,527 |
|
|
|
29 |
|
|
|
(5 |
) |
|
|
1,551 |
|
|
Equity
securities
|
|
|
722 |
|
|
|
2 |
|
|
|
(2 |
) |
|
|
722 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
26,597 |
|
|
$ |
649 |
|
|
$ |
(14 |
) |
|
$ |
27,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities held to
maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury
securities
|
|
$ |
2 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
3 |
|
|
Federal agency
securities
|
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
|
8 |
|
|
|
— |
|
|
|
— |
|
|
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31,
2011 |
|
| |
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Estimated
Fair
Value |
|
| |
|
(In
millions) |
|
|
Securities available for
sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury
securities
|
|
$ |
95 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
98 |
|
|
Federal agency
securities
|
|
|
147 |
|
|
|
— |
|
|
|
— |
|
|
|
147 |
|
|
Obligations of states and
political subdivisions
|
|
|
24 |
|
|
|
12 |
|
|
|
— |
|
|
|
36 |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
|
21,688 |
|
|
|
494 |
|
|
|
(7 |
) |
|
|
22,175 |
|
|
Residential
non-agency
|
|
|
15 |
|
|
|
1 |
|
|
|
— |
|
|
|
16 |
|
|
Commercial
agency
|
|
|
318 |
|
|
|
8 |
|
|
|
— |
|
|
|
326 |
|
|
Commercial
non-agency
|
|
|
314 |
|
|
|
7 |
|
|
|
— |
|
|
|
321 |
|
|
Corporate and other debt
securities
|
|
|
539 |
|
|
|
5 |
|
|
|
(7 |
) |
|
|
537 |
|
|
Equity
securities
|
|
|
817 |
|
|
|
2 |
|
|
|
(4 |
) |
|
|
815 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
23,957 |
|
|
$ |
532 |
|
|
$ |
(18 |
) |
|
$ |
24,471 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities held to
maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury
securities
|
|
$ |
4 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4 |
|
|
Federal agency
securities
|
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
|
9 |
|
|
|
1 |
|
|
|
— |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule Of Amortized Cost Of Equity Securities Related To Federal Reserve Bank Stock And Federal Home Loan Bank Stock |
|
|
|
|
|
|
|
|
|
| |
|
June 30
2012 |
|
|
December 31
2011 |
|
| |
|
(In
millions) |
|
|
Federal Reserve
Bank
|
|
$ |
480 |
|
|
$ |
481 |
|
|
Federal Home Loan
Bank
|
|
|
135 |
|
|
|
219 |
|
|
| Schedule Of Cost And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity By Contractual Maturity |
|
|
|
|
|
|
|
|
|
| |
|
Amortized
Cost |
|
|
Estimated
Fair Value |
|
| |
|
(In
millions) |
|
|
Securities available for
sale:
|
|
|
|
|
|
|
|
|
|
Due in one year or
less
|
|
$ |
27 |
|
|
$ |
27 |
|
|
Due after one year through
five years
|
|
|
636 |
|
|
|
641 |
|
|
Due after five years
through ten years
|
|
|
910 |
|
|
|
928 |
|
|
Due after ten
years
|
|
|
248 |
|
|
|
255 |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
|
22,923 |
|
|
|
23,494 |
|
|
Residential
non-agency
|
|
|
13 |
|
|
|
14 |
|
|
Commercial
agency
|
|
|
499 |
|
|
|
514 |
|
|
Commercial
non-agency
|
|
|
619 |
|
|
|
637 |
|
|
Equity
securities
|
|
|
722 |
|
|
|
722 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
26,597 |
|
|
$ |
27,232 |
|
|
|
|
|
|
|
|
|
|
|
Securities held to
maturity:
|
|
|
|
|
|
|
|
|
|
Due in one year or
less
|
|
$ |
3 |
|
|
$ |
3 |
|
|
Due after one year through
five years
|
|
|
2 |
|
|
|
3 |
|
|
Due after five years
through ten years
|
|
|
— |
|
|
|
— |
|
|
Due after ten
years
|
|
|
— |
|
|
|
— |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
|
8 |
|
|
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13 |
|
|
$ |
14 |
|
|
|
|
|
|
|
|
|
|
|
| Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Securities Available For Sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30,
2012 |
|
| |
|
Less Than Twelve
Months |
|
|
Twelve Months or
More |
|
|
Total |
|
| |
|
Estimated
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
|
Estimated
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
|
Estimated
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
| |
|
(In
millions) |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
$ |
950 |
|
|
$ |
(8 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
950 |
|
|
$ |
(8 |
) |
|
Commercial
agency
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial
non-agency
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
All other
securities
|
|
|
413 |
|
|
|
(5 |
) |
|
|
18 |
|
|
|
(1 |
) |
|
|
431 |
|
|
|
(6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,363 |
|
|
$ |
(13 |
) |
|
$ |
18 |
|
|
$ |
(1 |
) |
|
$ |
1,381 |
|
|
$ |
(14 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31,
2011 |
|
| |
|
Less Than Twelve
Months |
|
|
Twelve Months or
More |
|
|
Total |
|
| |
|
Estimated
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
|
Estimated
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
|
Estimated
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
| |
|
(In
millions) |
|
|
Mortgage-backed
securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
agency
|
|
$ |
1,778 |
|
|
$ |
(7 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,778 |
|
|
$ |
(7 |
) |
|
All other
securities
|
|
|
291 |
|
|
|
(9 |
) |
|
|
5 |
|
|
|
(2 |
) |
|
|
296 |
|
|
|
(11 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,069 |
|
|
$ |
(16 |
) |
|
$ |
5 |
|
|
$ |
(2 |
) |
|
$ |
2,074 |
|
|
$ |
(18 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule Of Proceeds From Sale, Gross Gains And Gross Losses On Available For Sale Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
June 30 |
|
|
Six Months Ended
June 30 |
|
| |
|
2012 |
|
|
2011 |
|
|
2012 |
|
|
2011 |
|
| |
|
(In
millions) |
|
|
Proceeds
|
|
$ |
272 |
|
|
$ |
4,060 |
|
|
$ |
1,670 |
|
|
$ |
6,479 |
|
|
Gross realized
gains
|
|
|
12 |
|
|
|
24 |
|
|
|
24 |
|
|
|
106 |
|
|
Gross realized
losses
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net securities
gains
|
|
$ |
12 |
|
|
$ |
24 |
|
|
$ |
24 |
|
|
$ |
106 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule Of Net Gains (Losses) For Trading Account Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
June 30 |
|
|
Six Months Ended
June 30 |
|
| |
|
2012 |
|
|
2011 |
|
|
2012 |
|
|
2011 |
|
| |
|
(in
millions) |
|
|
(in
millions) |
|
|
Total net gains
(losses)
|
|
$ |
(1 |
) |
|
$ |
10 |
|
|
$ |
29 |
|
|
$ |
31 |
|
|
Unrealized
portion
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
24 |
|
|
|
13 |
|
|