The table below presents the carrying value, gross unrealized gains and losses, and fair value of securities held to maturity at December 31, 2013 and 2012.
Table 3.3 Investment Securities Held to Maturity
| December 31, 2013 | ||||||||||||||||||||||||
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(Dollars in millions) |
Amortized Cost |
Unrealized Losses Recorded in AOCI(1) |
Carrying Value |
Gross Unrealized Gains |
Gross Unrealized Losses |
Fair Value |
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Investment securities held to maturity: |
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RMBS |
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Agency |
$ | 18,746 | $ | (1,303 | ) | $ | 17,443 | $ | 72 | $ | (30 | ) | $ | 17,485 | ||||||||||
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CMBS |
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Agency |
1,821 | (132 | ) | 1,689 | 16 | (5 | ) | 1,700 | ||||||||||||||||
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Total investment securities held to maturity |
$ | 20,567 | $ | (1,435 | ) | $ | 19,132 | $ | 88 | $ | (35 | ) | $ | 19,185 | ||||||||||
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| December 31, 2012 | ||||||||||||||||||||||||
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(Dollars in millions) |
Amortized Cost |
Unrealized Losses Recorded in AOCI(1) |
Carrying Value |
Gross Unrealized Gains |
Gross Unrealized Losses |
Fair Value |
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Investment securities held to maturity: |
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Other ABS |
$ | 9 | $ | 0 | $ | 9 | $ | 0 | $ | 0 | $ | 9 | ||||||||||||
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Total investment securities held to maturity |
$ | 9 | $ | 0 | $ | 9 | $ | 0 | $ | 0 | $ | 9 | ||||||||||||
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| (1) |
Represents the unrealized holding gain or loss at the date of transfer from available for sale to held to maturity, net of any accretion. |