NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31, 2010, by contractual maturity, are  shown in the following table: The following table provides the fair value and gross unrealized losses on available-for-sale securities in an unrealized loss position, aggregated  by investment category and length of time the individual securities have been in a continuous unrealized loss position, as of December 31:  If the fair value of an available-for-sale or held-to-maturity security  is less than its amortized cost basis, the Bancorp must determine  whether an OTTI has occurred. Under U.S. GAAP, the recognition and measurement requirements related to OTTI differ  for debt and equity securities. See Note 1 for further information  on the Bancorp’s accounting for OTTI.  During the year ended December 31, 2010, the Bancorp  recognized $3 million in OTTI on its available-for-sale debt  securities, however, no OTTI was recognized on held-to-maturity  debt securities. During the year ended December 31, 2009, OTTI  recognized on available-for-sale and held-to-maturity debt securities was immaterial to the Bancorp’s consolidated financial  statements. In addition, for the years ended December 31, 2010,  2009 and 2008, OTTI recognized on available-for-sale equity  securities was immaterial to the Bancorp’s consolidated financial  statements. At December 31, 2010 less than one percent of  unrealized losses in the available-for-sale securities portfolio were  represented by non-rated securities, compared to two percent at  December 31, 2009.  During 2008, the Bancorp recognized a pre-tax OTTI charge  of $67 million on FHLMC and FNMA preferred stock included in  other securities as well as a pre-tax OTTI charge of $37 million on  certain bank trust-preferred debt securities classified as available- for-sale. Upon a change in U.S. GAAP and adoption by the  Bancorp in the second quarter of 2009, the Bancorp concluded  that the OTTI charges on the trust preferred securities were due to  non-credit related factors. Therefore, the Bancorp recognized an  increase of $37 million to the investment balance and related  unrealized losses during the year ended December 31, 2009. Other-Than-Temporary Impairments (OTTI)  Available-for-Sale & Other  Held-to-Maturity  ($ in millions)  Amortized  Cost Fair Value Amortized  Cost Fair Value Debt securities:  (a) Under 1 year  $626 633 21 21 1-5 years 9,535 9,925 190 190 5-10 years 3,546 3,645 116 116 Over 10 years  160 159 26 26  Other securities  1,052 1,052  - - Total  $14,919 15,414 353 353 (a) Actual maturities may differ from contractual maturities when there exists a right to call or prepay obligations with or without call or prepayment penalties. Less than 12 months  12 months or more  Total  ($ in millions)  Fair Value  Unrealized  Losses Fair Value Unrealized  Losses Fair Value Unrealized  Losses  2010  U.S. Treasury and Government agencies  $ - - 1 -  1 - U.S. Government sponsored agencies  - - - - - - Obligations of states and political subdivisions  11 - 4 - 15 - Agency mortgage-backed securities  1,555 (32) - - 1,555 (32) Other bonds, notes and debentures  563 (10) 47 (5) 610 (15) Other securities  - - - - - - Total  $2,129 (42) 52 (5) 2,181 (47) 2009  U.S. Treasury and Government agencies  $288 (8) 1 -  289 (8) U.S. Government sponsored agencies 1,024 (15) 347 (18) 1,371 (33) Obligations of states and political subdivisions  4 - 3 -  7 - Agency mortgage-backed securities  1,583 (7) - 1,583 (7) Other bonds, notes and debentures 782 (15) 108 (14) 890 (29) Other securities  2 - - -  2 - Total $3,683 (45) 459 (32) 4,142 (77) 80 Fifth Third Bancorp