PNC Bank 2008 Annual Report Download - page 112

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N
OTE
7I
NVESTMENT
S
ECURITIES
Amortized Unrealized Fair
In millions Cost Gains Losses Value
December 31, 2008
S
ECURITIES
A
VAILABLE FOR
S
ALE
(a)
Debt securities
US Treasury and government agencies $ 738 $ 1 $ 739
Residential mortgage-backed
Agency 22,744 371 $ (9) 23,106
Nonagency 13,205 (4,374) 8,831
Commercial mortgage-backed 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
(b)
Debt securities
Commercial mortgage-backed $ 1,945 $ 10 $ (59) $ 1,896
Asset-backed 1,376 7 (25) 1,358
Other debt 10 10
Total debt securities 3,331 17 (84) 3,264
Total securities held to maturity $ 3,331 17 (84) $ 3,264
December 31, 2007
S
ECURITIES
A
VAILABLE FOR
S
ALE
Debt securities
U.S. Treasury and government agencies $ 151 $ 4 $ 155
Residential mortgage-backed
Agency 9,218 112 $ (16) 9,314
Nonagency 11,929 6 (297) 11,638
Commercial mortgage-backed 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
December 31, 2006
S
ECURITIES
A
VAILABLE FOR
S
ALE
Debt securities
US Treasury and government agencies $ 611 $ (3) $ 608
Residential mortgage-backed
Agency 4,351 $ 13 (33) 4,331
Nonagency 12,974 26 (123) 12,877
Commercial mortgage-backed 3,231 13 (25) 3,219
Asset-backed 1,615 3 (9) 1,609
State and municipal 140 1 (2) 139
Other debt 90 (3) 87
Total debt securities 23,012 56 (198) 22,870
Corporate stocks and other 321 1 (1) 321
Total securities available for sale $23,333 $ 57 $ (199) $23,191
(a) During the fourth quarter of 2008, we transferred $.6 billion of trading securities to the available for sale portfolio.
(b) During the fourth quarter of 2008, we transferred $3.2 billion of securities available for sale to the securities held to maturity portfolio. At December 31, 2008, the balance of the after-
tax unrealized loss related to the securities transferred was $342 million.
108