Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 389

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 389
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 3 (34)(31)362 Agency MBS – residential60,989 — (9,700)(9,700)51,289 Agency MBS – commercial2,817 — (569)(569)2,248 States and political subdivisions421 17 (13)4 425 Non-agency MBS3,698 — (717)(717)2,981 Other20 — — — 20 Total AFS securities$78,849 $22 $(11,505)$(11,483)$67,366 HTM securities:    Agency MBS – residential$54,107 $— $(9,477)$(9,477)$44,630 (1)Represents fair value hedge basis adjustments related to active portfolio layer method hedges, which are not allocated to individual securities. For additional information, refer to “Note 19. Derivative Financial Instruments.”The amortized cost and estimated fair value of certain MBS securities issued by FNMA and FHLMC that exceeded 10% of shareholders’ equity are shown in the table below:December 31, 2024(Dollars in millions)Amortized CostFair ValueFNMA$29,250 $24,323 FHLMC29,723 24,599 The amortized cost and estimated fair value of the securities portfolio by contractual maturity are shown in the following table. The expected life of MBS may be shorter than the contractual maturities because borrowers have the right to prepay their obligations with or without penalties.Amortized CostFair ValueDecember 31, 2024(Dollars in millions)Due in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten yearsTotalDue in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten yearsTotalAFS securities:U.S. Treasury$4,491 $9,358 $401 $29 $14,279 $4,512 $9,480 $397 $22 $14,411 GSE2 5 12 422 441 2 5 11 385 403 Agency MBS – residential— 91 386 55,292 55,769 — 88 365 49,506 49,959 Agency MBS – commercial—