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Table 27 – Maturity Distribution of Securities Available for Sale
As of December 31, 2008
(Dollars in millions)
1 Year
or Less 1-5 Years 5-10 Years
After 10
Years Total
Distribution of Maturities: Amortized Cost
U.S. Treasury securities $1.1 $124.5 $- $- $125.6
U.S. government-sponsored enterprises 16.3 193.4 129.3 - 339.0
States and political subdivisions 174.0 461.5 200.3 183.1 1,018.9
Asset-backed securities121.5 30.5 2.1 - 54.1
Mortgage-backed securities156.4 2,078.5 2,710.1 10,177.1 15,022.1
Corporate bonds 0.4 17.3 222.7 35.1 275.5
Total debt securities $269.7 $2,905.7 $3,264.5 $10,395.3 $16,835.2
Fair Value
U.S. Treasury securities $1.1 $126.0 $- $- $127.1
U.S. government-sponsored enterprises 16.4 202.2 140.4 - 359.0
States and political subdivisions 175.6 477.7 205.9 178.2 1,037.4
Asset-backed securities122.6 24.5 2.5 - 49.6
Mortgage-backed securities155.0 2,087.2 2,699.6 10,204.5 15,046.3
Corporate bonds 0.4 17.2 219.2 29.0 265.8
Total debt securities $271.1 $2,934.8 $3,267.6 $10,411.7 $16,885.2
Weighted average yield (FTE):
U.S. Treasury securities 1.98 % 1.46 % - % - % 1.47 %
U.S. government-sponsored enterprises 4.79 4.06 5.16 - 4.52
States and political subdivisions 6.05 6.24 6.00 5.93 6.11
Asset-backed securities12.69 39.99 19.60 - 24.36
Mortgage-backed securities14.92 5.74 5.22 4.84 5.04
Corporate bonds 2.46 5.39 6.00 2.85 5.83
Total debt securities 5.45 % 5.88 % 5.33 % 4.86 % 5.14 %
1Distribution of maturities is based on the expected average life of the asset and is based upon amortized cost.
Table 28 – Loan Maturity
As of December 31, 2008
Remaining Maturities of Selected Loans
(Dollars in millions) Total
Within 1
Year
1-5
Years
After 5
Years
Loan Maturity
Commercial and commercial real estate 1$49,870.9 $20,242.6 $26,348.5 $3,279.8
Real estate—construction 9,864.0 7,372.7 2,121.1 370.2
Total $59,734.9 $27,615.3 $28,469.6 $3,650.0
Interest Rate Sensitivity
Selected loans with:
Predetermined interest rates $5,928.6 $1,138.5
Floating or adjustable interest rates 22,541.0 2,511.5
Total $28,469.6 $3,650.0
1Excludes $6.1 billion in lease financing.
Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
See “Market Risk Management” in the MD&A which is incorporated herein by reference.
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