Quarterly report pursuant to Section 13 or 15(d)

Investment Securities (Tables)

v2.4.0.6
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2012
Investments, Debt and Equity Securities [Abstract]  
Investment
Investment securities reported on the Condensed Consolidated Balance Sheets at June 30, 2012 and December 31, 2011 are presented below.
(dollars in millions)
 
June 30, 2012
 
 
December 31, 2011
Investment securities
 

 
 
 

Available-for-sale
$
699

 
 
$
694

Non-qualifying
 

 
 
 

       Equity investments
3,070

 
 
3,810

       Other investments
2,540

 
 
2,180

Total
$
6,309

 
 
$
6,684

 
 
 
 
 

Available-for-sale Securities
Information regarding investment securities subject to Investment Accounting follows.
(dollars in millions)
 
June 30, 2012
 
Amortized
Cost
 
Fair
Value
Available-for-Sale
 
 
 
Securities, mortgage-backed and asset-backed:
 
 
 
Corporate ABS
$
238

 
$
238

Non-agency mortgage backed securities
57

 
57

Subtotal
295

 
295

U.S. Government and agencies
404

 
404

Total available-for-sale securities
$
699

 
$
699

 
 
 
 

(dollars in millions)
 
December 31, 2011
 
Amortized
Cost
 
Fair
Value
Available-for-Sale
 

 
 

Securities, mortgage-backed and asset-backed:
 

 
 

Corporate ABS
$
47

 
$
47

Non-agency mortgage backed securities
249

 
249

Subtotal
296

 
296

U.S. Government and agencies
398

 
398

Total available-for-sale securities
$
694

 
$
694

 
 
 
 
Investments Classified by Contractual Maturity Date
The amortized cost and fair value of available-for-sale debt securities by expected maturity for mortgage-backed securities and contractual maturity for other debt securities at June 30, 2012 are as follows:
 
 
Available-for-Sale
 
 
Amortized
Cost
 
Fair
Value
 
Due in one year or less
$
413

 
$
413

 
Due after one year through five years
182

 
182

 
Due after five years through ten years
104

 
104

 
Total(1)
$
699

 
$
699

 
 
 
 
 
 
(1)
Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay their obligations with or without prepayment penalties.
Realized Gain (Loss) on Investments
The proceeds and gross realized gains (losses) from the sale of available-for-sale securities during the three and six months ended June 30, 2012 and June 30, 2011 are as follows:
(dollars in millions)
 
 
Three Months Ended June 30, 2012
 
Six Months Ended June 30, 2012
 
Three Months Ended June 30, 2011
 
Six Months Ended June 30, 2011
Proceeds
$
—

 
$
3

 
$
1,866

 
$
3,453

Gross realized gains
—

 
—

 
—

 
44

Gross realized losses
—

 
—

 
4

 
4