PNC Bank 2009 Annual Report Download - page 117

Download and view the complete annual report

Please find page 117 of the 2009 PNC Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

N
OTE
7I
NVESTMENT
S
ECURITIES
Amortized Unrealized Fair
In millions Cost (a) Gains Losses Value
December 31, 2009
S
ECURITIES
A
VAILABLE FOR
S
ALE
Debt securities
US Treasury and government agencies $ 7,548 $ 20 $ (48) $ 7,520
Residential mortgage-backed
Agency 24,076 439 (77) 24,438
Non-agency 10,419 236 (2,353) 8,302
Commercial mortgage-backed
Agency 1,299 10 (12) 1,297
Non-agency 4,028 42 (222) 3,848
Asset-backed 2,019 30 (381) 1,668
State and municipal 1,346 58 (54) 1,350
Other debt 1,984 38 (7) 2,015
Total debt securities 52,719 873 (3,154) 50,438
Corporate stocks and other 360 360
Total securities available for sale $53,079 $873 $(3,154) $50,798
S
ECURITIES
H
ELD TO
M
ATURITY
Debt securities
Commercial mortgage-backed (non-agency) $ 2,030 $195 $ 2,225
Asset-backed 3,040 109 $ (13) 3,136
Other debt 159 1 160
Total securities held to maturity $ 5,229 $305 $ (13) $ 5,521
December 31, 2008
S
ECURITIES
A
VAILABLE FOR
S
ALE
Debt securities
US Treasury and government agencies $ 738 $ 1 $ 739
Residential mortgage-backed
Agency 22,744 371 $ (9) 23,106
Non-agency 13,205 (4,374) 8,831
Commercial mortgage-backed (non-agency) 4,305 (859) 3,446
Asset-backed 2,069 4 (446) 1,627
State and municipal 1,326 13 (76) 1,263
Other debt 563 11 (15) 559
Total debt securities 44,950 400 (5,779) 39,571
Corporate stocks and other 575 (4) 571
Total securities available for sale $45,525 $400 $(5,783) $40,142
S
ECURITIES
H
ELD TO
M
ATURITY
Debt securities
Commercial mortgage-backed (non-agency) $ 1,945 $ 10 $ (59) $ 1,896
Asset-backed 1,376 7 (25) 1,358
Other debt 10 10
Total securities held to maturity $ 3,331 $ 17 $ (84) $ 3,264
December 31, 2007
S
ECURITIES
A
VAILABLE FOR
S
ALE
Debt securities
US Treasury and government agencies $ 151 $ 4 $ 155
Residential mortgage-backed
Agency 9,218 112 $ (16) 9,314
Non-agency 11,929 6 (297) 11,638
Commercial mortgage-backed (non-agency) 5,227 53 (16) 5,264
Asset-backed 2,878 4 (112) 2,770
State and municipal 340 1 (5) 336
Other debt 85 (1) 84
Total debt securities 29,828 180 (447) 29,561
Corporate stocks and other 662 2 664
Total securities available for sale $30,490 $182 $ (447) $30,225
(a) The amortized cost for debt securities for which an OTTI was recorded prior to January 1, 2009 was adjusted for the pretax cumulative effect adjustment recorded under new GAAP
that we adopted as of that date.
113