Annual report pursuant to Section 13 and 15(d)

Fair Value Option Election (Details)

v2.4.0.8
Fair Value Option Election (Details) (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Loans and Loan Commitments [Member]
    
Fair Value, Option, Quantitative Disclosures [Line Items]    
Fair Value Option, Changes in Borrower Specific Credit Risk, Gains (Losses) on Assets $ 315 $ 1,200
Loans Reported as Trading Account Assets [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Assets 2,200 [1] 1,663 [1]
Contractual Principal Outstanding Assets 4,315 [1] 2,879 [1]
Fair Value Carrying Amount Less Unpaid Principal Assets (2,115) [1] (1,216) [1]
Trading Inventory - Other [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Assets 5,475 2,170
Consumer and Commercial Loans [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Assets 10,042 9,002
Contractual Principal Outstanding Assets 10,423 9,576
Fair Value Carrying Amount Less Unpaid Principal Assets (381) (574)
Loans Held-for-Sale [Member]
    
Fair Value, Option, Quantitative Disclosures [Line Items]    
Fair Value Option, Changes in Borrower Specific Credit Risk, Gains (Losses) on Assets 225 425
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Assets 6,656 11,659
Contractual Principal Outstanding Assets 6,996 12,676
Fair Value Carrying Amount Less Unpaid Principal Assets (340) (1,017)
Securities Financing Transaction, Fair Value [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Assets 109,298 141,309
Contractual Principal Outstanding Assets 109,032 140,791
Fair Value Carrying Amount Less Unpaid Principal Assets 266 518
Other Assets [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Assets 278 453
Contractual Principal Outstanding Assets 270 270
Fair Value Carrying Amount Less Unpaid Principal Assets 8 183
Long-term Deposits [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Liabilities 1,899 2,262
Contractual Principal Outstanding Liabilities 2,115 2,046
Fair Value Carrying Amount Less Unpaid Principal Liabilities (216) 216
Asset-backed Secured Financings [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Liabilities 0 741
Contractual Principal Outstanding Liabilities 0 1,176
Fair Value Carrying Amount Less Unpaid Principal Liabilities 0 (435)
Unfunded loan commitments [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Liabilities 354 528
Short-term borrowings [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Liabilities 1,520 3,333
Contractual Principal Outstanding Liabilities 1,520 3,333
Fair Value Carrying Amount Less Unpaid Principal Liabilities 0  
Long-term Debt [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Liabilities 47,035 [2],[3] 49,161 [2],[3]
Contractual Principal Outstanding Liabilities 46,669 [2],[3] 50,792 [2],[3]
Fair Value Carrying Amount Less Unpaid Principal Liabilities 366 [2],[3] (1,631) [2],[3]
Structured Finance [Member]
    
Fair Value Option Elections [Abstract]    
Fair Value Carrying Amount Liabilities 40,700 39,300
Contractual Principal Outstanding Liabilities $ 39,700 $ 39,900
[1] A significant portion of the loans reported as trading account assets are distressed loans which trade and were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding.
[2] The majority of the difference between the fair value carrying amount and contractual principal outstanding at December 31, 2013 and 2012 relates to the impact of the Corporation’s credit spreads as well as the fair value of the embedded derivative, where applicable.
[3] Includes structured liabilities with a fair value of $40.7 billion and contractual principal outstanding of $39.7 billion at December 31, 2013 compared to $39.3 billion and $39.9 billion at December 31, 2012.