The amortized cost, unrealized gains and losses, and approximate fair value of our securities available for sale and held-to-maturity securities are presented in the following tables. Gross unrealized gains and losses represent the difference between the amortized cost and the fair value of securities on the balance sheet as of the dates indicated. Accordingly, the amount of these gains and losses may change in the future as market conditions change.


	June 30, 2026								December 31, 2025
Dollars in millions	Amortized Cost (a)(b)		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost (a)(b)		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
SECURITIES AVAILABLE FOR SALE
U.S. Treasury, agencies, and corporations	$	7,102	$	11	$	38	$	7,075	$	7,842	$	61	$	17	$	7,886

Agency residential collateralized mortgage obligations	9,726		9		1,740		7,995		10,269		4		1,708		8,565
Agency residential mortgage-backed securities	20,028		122		542		19,608		19,451		201		457		19,195
Agency commercial mortgage-backed securities	4,148		—		367		3,781		4,284		1		335		3,950

Total securities available for sale	$	41,004	$	142	$	2,687	$	38,459	$	41,846	$	267	$	2,517	$	39,596

HELD-TO-MATURITY SECURITIES


Agency residential collateralized mortgage obligations	$	3,754	$	2	$	208	$	3,548	$	4,026	$	8	$	176	$	3,858
Agency residential mortgage-backed securities	3,935		5		44		3,896		2,374		12		13		2,373
Agency commercial mortgage-backed securities	1,786		—		144		1,642		2,121		1		139		1,983
Asset-backed securities (c)	19		—		1		18		77		—		2		75
Other securities	21		—		1		20		24		—		—		24
Total held-to-maturity securities	$	9,515	$	7	398		$	9,124	$	8,622	$	21	$	330	$	8,313

(a)Amortized cost amounts exclude accrued interest receivable which is recorded within “Accrued income and other assets” on the balance sheet. At June 30, 2026, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $115 million and $32 million, respectively. At December 31, 2025, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $121 million and $26 million, respectively.


	Duration of Unrealized Loss Position
	Less than 12 Months				12 Months or Longer				Total
Dollars in millions	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
June 30, 2026
Securities available for sale:
U.S. Treasury, agencies, and corporations	$	2,082	$	18	$	522	$	20	$	2,604	$	38

Agency residential collateralized mortgage obligations	—		—		7,219		1,740		7,219		1,740
Agency residential mortgage-backed securities	7,268		85		3,793		457		11,061		542
Agency commercial mortgage-backed securities	250		3		3,531		364		3,781		367

Held-to-maturity securities:


Agency residential collateralized mortgage obligations	493		7		2,854		201		3,347		208
Agency residential mortgage-backed securities	3,056		33		118		11		3,174		44
Agency commercial mortgage-backed securities	—		—		1,574		144		1,574		144
Asset-backed securities	—		—		18		1		18		1
Other securities	12		—		3		1		15		1
Total securities in an unrealized loss position	$	13,161	$	146	$	19,632	$	2,939	$	32,793	$	3,085
December 31, 2025
Securities available for sale:
U.S. Treasury, agencies, and corporations	$	—	$	—	$	525	$	17	$	525	$	17

Agency residential collateralized mortgage obligations	—		—		7,677		1,708		7,677		1,708
Agency residential mortgage-backed securities	1,226		7		5,583		450		6,809		457
Agency commercial mortgage-backed securities	7		—		3,777		335		3,784		335

Held-to-maturity securities:


Agency residential collateralized mortgage obligations	240		2		3,023		174		3,263		176
Agency residential mortgage-backed securities	526		2		125		11		651		13
Agency commercial mortgage-backed securities	—		—		1,914		139		1,914		139
Asset-backed securities	—		—		75		2		75		2
Other securities	5		—		6		—		11		—
Total securities in an unrealized loss position	$	2,004	$	11	$	22,705	$	2,836	$	24,709	$	2,847

Based on our evaluation at June 30, 2026, an allowance for credit losses has not been recorded nor have unrealized losses been recognized into income. The issuers of the securities are of high credit quality and have a history of no credit losses, management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely attributed to changes in interest rates and other market conditions. The security issuers continue to make timely principal and interest payments.

At June 30, 2026 and December 31, 2025, securities available for sale and held-to-maturity securities totaling $18.0 billion and $18.7 billion, respectively, were pledged to secure securities sold under repurchase agreements, to secure public and trust deposits, to facilitate access to secured funding, and for other purposes required or permitted by law.

The following table shows our securities by remaining maturity at June 30, 2026. CMOs, other mortgage-backed securities, and asset-backed securities in the available for sale portfolio and held-to-maturity portfolio are presented based on their expected average lives. The remaining securities, in both the available-for-sale and held-to-maturity portfolios, are presented based on their remaining contractual maturity. Actual maturities may differ from expected or contractual maturities since borrowers have the right to prepay obligations with or without prepayment penalties.


June 30, 2026	Securities Available for Sale				Held to Maturity Securities
Dollars in millions	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	3,347	$	3,351	$	290	$	286
Due after one through five years	9,715		9,311		2,074		2,007
Due after five through ten years	22,458		20,670		6,247		6,048
Due after ten years	5,484		5,127		904		783
Total	$	41,004	$	38,459	$	9,515	$	9,124