Derivatives (Tables)

v2.4.0.6

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2011
Derivatives [Abstract]
Schedule of Derivative Instruments [Table Text Block]	The following tables identify derivative instruments included on the Corporation’s Consolidated Balance Sheet in derivative assets and liabilities at December 31, 2011 and 2010. Balances are presented on a gross basis, prior to the application of counterparty and collateral netting. Total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and have been reduced by the cash collateral applied.                                   December 31, 2011       Gross Derivative Assets   Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1)   Trading Derivatives and Economic Hedges   Qualifying Accounting Hedges   Total   Trading Derivatives and Economic Hedges   Qualifying Accounting Hedges (2)   Total Interest rate contracts                           Swaps $ 40,473.7   $ 1,490.7   $ 15.9   $ 1,506.6   $ 1,473.0   $ 12.3   $ 1,485.3 Futures and forwards 12,105.8   2.9   0.2   3.1   3.4   —   3.4 Written options 2,534.0   —   —   —   117.8   —   117.8 Purchased options 2,467.2   120.0   —   120.0   —   —   — Foreign exchange contracts                           Swaps 2,381.6   48.3   2.6   50.9   58.9   2.2   61.1 Spot, futures and forwards 2,548.8   37.2   1.3   38.5   39.2   0.3   39.5 Written options 368.5   —   —   —   9.4   —   9.4 Purchased options 341.0   9.0   —   9.0   —   —   — Equity contracts                           Swaps 75.5   1.5   —   1.5   1.7   —   1.7 Futures and forwards 52.1   1.8   —   1.8   1.5   —   1.5 Written options 367.1   —   —   —   17.7   —   17.7 Purchased options 360.2   19.6   —   19.6   —   —   — Commodity contracts                           Swaps 73.8   4.9   0.1   5.0   5.9   —   5.9 Futures and forwards 470.5   5.3   —   5.3   3.2   —   3.2 Written options 142.3   —   —   —   9.5   —   9.5 Purchased options 141.3   9.5   —   9.5   —   —   — Credit derivatives                           Purchased credit derivatives:                           Credit default swaps 1,944.8   95.8   —   95.8   13.8   —   13.8 Total return swaps/other 17.5   0.6   —   0.6   0.3   —   0.3 Written credit derivatives:                           Credit default swaps 1,885.9   14.1   —   14.1   90.5   —   90.5 Total return swaps/other 17.8   0.5   —   0.5   0.7   —   0.7 Gross derivative assets/liabilities     $ 1,861.7   $ 20.1   $ 1,881.8   $ 1,846.5   $ 14.8   $ 1,861.3 Less: Legally enforceable master netting agreements             (1,749.9 )           (1,749.9 ) Less: Cash collateral applied             (58.9 )           (51.9 ) Total derivative assets/liabilities             $ 73.0           $ 59.5 (1)  Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2)  Excludes $191 million of long-term debt designated as a hedge of foreign currency risk.                                   December 31, 2010       Gross Derivative Assets   Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1)   Trading Derivatives and Economic Hedges   Qualifying Accounting Hedges   Total   Trading Derivatives and Economic Hedges   Qualifying Accounting Hedges (2)   Total Interest rate contracts                           Swaps $ 42,719.2   $ 1,193.9   $ 14.9   $ 1,208.8   $ 1,187.9   $ 2.2   $ 1,190.1 Futures and forwards 9,939.2   6.0   —   6.0   4.7   —   4.7 Written options 2,887.7   —   —   —   82.8   —   82.8 Purchased options 3,026.2   88.0   —   88.0   —   —   — Foreign exchange contracts                           Swaps 630.1   26.5   3.7   30.2   28.5   2.1   30.6 Spot, futures and forwards 2,652.9   41.3   —   41.3   44.2   —   44.2 Written options 439.6   —   —   —   13.2   —   13.2 Purchased options 417.1   13.0   —   13.0   —   —   — Equity contracts                           Swaps 42.4   1.7   —   1.7   2.0   —   2.0 Futures and forwards 78.8   2.9   —   2.9   2.1   —   2.1 Written options 242.7   —   —   —   19.4   —   19.4 Purchased options 193.5   21.5   —   21.5   —   —   — Commodity contracts                           Swaps 90.2   8.8   0.2   9.0   9.3   —   9.3 Futures and forwards 413.7   4.1   —   4.1   2.8   —   2.8 Written options 86.3   —   —   —   6.7   —   6.7 Purchased options 84.6   6.6   —   6.6   —   —   — Credit derivatives                           Purchased credit derivatives:                           Credit default swaps 2,184.7   69.8   —   69.8   34.0   —   34.0 Total return swaps/other 26.0   0.9   —   0.9   0.2   —   0.2 Written credit derivatives:                           Credit default swaps 2,133.5   33.3   —   33.3   63.2   —   63.2 Total return swaps/other 22.5   0.5   —   0.5   0.5   —   0.5 Gross derivative assets/liabilities     $ 1,518.8   $ 18.8   $ 1,537.6   $ 1,501.5   $ 4.3   $ 1,505.8 Less: Legally enforceable master netting agreements             (1,406.3 )           (1,406.3 ) Less: Cash collateral applied             (58.3 )           (43.6 ) Total derivative assets/liabilities             $ 73.0           $ 55.9 (1)  Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2)  Excludes $4.1 billion of long-term debt designated as a hedge of foreign currency risk.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Fair Value Hedges                             2011     (Dollars in millions) Derivative   Hedged Item   Hedge Ineffectiveness Derivatives designated as fair value hedges           Interest rate risk on long-term debt (1) $ 4,384   $ (4,969 )   $ (585 ) Interest rate and foreign currency risk on long-term debt (1) 780   (1,057 )   (277 ) Interest rate risk on available-for-sale securities (2) (11,386 )   10,490   (896 ) Commodity price risk on commodity inventory (3) 16   (16 )   — Total $ (6,206 )   $ 4,448   $ (1,758 )               2010 Derivatives designated as fair value hedges           Interest rate risk on long-term debt (1) $ 2,952   $ (3,496 )   $ (544 ) Interest rate and foreign currency risk on long-term debt (1) (463 )   130   (333 ) Interest rate risk on available-for-sale securities (2) (2,577 )   2,667   90 Commodity price risk on commodity inventory (3) 19   (19 )   — Total $ (69 )   $ (718 )   $ (787 )               2009 Derivatives designated as fair value hedges           Interest rate risk on long-term debt (1) $ (4,858 )   $ 4,082   $ (776 ) Interest rate and foreign currency risk on long-term debt (1) 932   (858 )   74 Interest rate risk on available-for-sale securities (2) 791   (1,141 )   (350 ) Commodity price risk on commodity inventory (3) (51 )   51   — Total $ (3,186 )   $ 2,134   $ (1,052 ) (1)  Amounts are recorded in interest expense on long-term debt and in other income. (2)  Amounts are recorded in interest income on AFS securities. (3)  Amounts are recorded in trading account profits.
Cash Flow and Net Investment Hedges [Table Text Block]	Cash Flow Hedges                         2011 (Dollars in millions, amounts pre-tax) Gains (losses) Recognized in Accumulated OCI on Derivatives   Gains (losses) in Income Reclassified from Accumulated OCI   Hedge Ineffectiveness and Amounts Excluded from Effectiveness Testing (1) Derivatives designated as cash flow hedges           Interest rate risk on variable rate portfolios (2) $ (2,079 )   $ (1,392 )   $ (8 ) Commodity price risk on forecasted purchases and sales (3 )   6   (3 ) Price risk on restricted stock awards (408 )   (231 )   — Total $ (2,490 )   $ (1,617 )   $ (11 ) Net investment hedges           Foreign exchange risk $ 1,055   $ 384   $ (572 )               2010 Derivatives designated as cash flow hedges           Interest rate risk on variable rate portfolios $ (1,876 )   $ (410 )   $ (30 ) Commodity price risk on forecasted purchases and sales 32   25   11 Price risk on restricted stock awards (97 )   (33 )   — Price risk on equity investments included in available-for-sale securities 186   (226 )   — Total $ (1,755 )   $ (644 )   $ (19 ) Net investment hedges           Foreign exchange risk $ (482 )   $ —   $ (315 )               2009 Derivatives designated as cash flow hedges           Interest rate risk on variable rate portfolios $ 502   $ (1,293 )   $ 71 Commodity price risk on forecasted purchases and sales 72   70   (2 ) Price risk on equity investments included in available-for-sale securities (332 )   —   — Total $ 242   $ (1,223 )   $ 69 Net investment hedges           Foreign exchange risk $ (2,997 )   $ —   $ (142 ) (1)  Amounts related to derivatives designated as cash flow hedges represent hedge ineffectiveness and amounts related to net investment hedges represent amounts excluded from effectiveness testing. (2)  Losses reclassified from accumulated OCI to the Consolidated Statement of Income include $38 million, $0 and $44 million in 2011, 2010 and 2009 related to the discontinuance of certain cash flow hedges because it was no longer probable that the original forecasted transaction would occur.
Economic Hedges [Table Text Block]	Economic Hedges                       (Dollars in millions) 2011   2010   2009 Price risk on mortgage banking production income (1, 2) $ 2,852   $ 9,109   $ 8,898 Interest rate risk on mortgage banking servicing income (1) 3,612   3,878   (4,264 ) Credit risk on loans (3) 30   (121 )   (515 ) Interest rate and foreign currency risk on long-term debt and other foreign exchange transactions (4) (48 )   (2,080 )   1,572 Other (5) (329 )   (109 )   16 Total $ 6,117   $ 10,677   $ 5,707 (1)  Gains (losses) on these derivatives are recorded in mortgage banking income. (2)  Includes gains on interest rate lock commitments related to the origination of mortgage loans that are held-for-sale, which are considered derivative instruments, of $3.8 billion, $8.7 billion and $8.4 billion for 2011, 2010 and 2009, respectively. (3)  Gains (losses) on these derivatives are recorded in other income (loss). (4)  The majority of the balance is related to the revaluation of economic hedges on foreign currency-denominated debt which is recorded in other income (loss). (5)  Gains (losses) on these derivatives are recorded in other income (loss), and personnel expense for hedges of certain RSUs, for 2011 and 2010.
Schedule of Derivative Instruments Included in Trading Activities [Table Text Block]	The table below, which includes both derivatives and non-derivative cash instruments, identifies the amounts in the respective income statement line items attributable to the Corporation’s sales and trading revenue in GBAM, categorized by primary risk, for 2011, 2010 and 2009. The difference between total trading account profits in the table below and in the Consolidated Statement of Income relates to trading activities in business segments other than GBAM.                 Sales and Trading Revenue                                 2011 (Dollars in millions) Trading Account Profits   Other Income (Loss) (1, 2)   Net Interest Income   Total Interest rate risk $ 2,118   $ (40 )   $ 923   $ 3,001 Foreign exchange risk 1,088   (65 )   8   1,031 Equity risk 1,450   2,390   128   3,968 Credit risk 1,141   217   2,850   4,208 Other risk 630   (21 )   (183 )   426 Total sales and trading revenue $ 6,427   $ 2,481   $ 3,726   $ 12,634                   2010 Interest rate risk $ 2,005   $ 81   $ 658   $ 2,744 Foreign exchange risk 903   (63 )   —   840 Equity risk 1,670   2,469   15   4,154 Credit risk 4,652   224   3,826   8,702 Other risk 366   101   (169 )   298 Total sales and trading revenue $ 9,596   $ 2,812   $ 4,330   $ 16,738                   2009 Interest rate risk $ 3,143   $ (23 )   $ 1,134   $ 4,254 Foreign exchange risk 950   (3 )   26   973 Equity risk 1,989   2,509   247   4,745 Credit risk 4,486   (2,956 )   4,883   6,413 Other risk 1,100   53   (534 )   619 Total sales and trading revenue $ 11,668   $ (420 )   $ 5,756   $ 17,004 (1)  Represents investment and brokerage services and other income recorded in GBAM that the Corporation includes in its definition of sales and trading revenue. (2)  Other income (loss) includes commissions and brokerage fee revenue of $2.3 billion and $2.4 billion for 2011 and 2010 included in equity risk.
Disclosure of Credit Derivatives [Table Text Block]	Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at December 31, 2011 and 2010 are summarized in the table below. These instruments are classified as investment and non-investment grade based on the credit quality of the underlying reference obligation. The Corporation considers ratings of BBB- or higher as investment grade. Non-investment grade includes non-rated credit derivative instruments.                     Credit Derivative Instruments         December 31, 2011   Carrying Value (Dollars in millions) Less than One Year   One to Three Years   Three to Five Years   Over Five Years   Total Credit default swaps                   Investment grade $ 795   $ 5,011   $ 17,271   $ 7,325   $ 30,402 Non-investment grade 4,236   11,438   18,072   26,339   60,085 Total 5,031   16,449   35,343   33,664   90,487 Total return swaps/other                   Investment grade —   —   30   1   31 Non-investment grade 522   2   33   128   685 Total 522   2   63   129   716 Total credit derivatives $ 5,553   $ 16,451   $ 35,406   $ 33,793   $ 91,203 Credit-related notes (1)                   Investment grade $ —   $ 5   $ 132   $ 1,925   $ 2,062 Non-investment grade 124   74   108   1,286   1,592 Total credit-related notes $ 124   $ 79   $ 240   $ 3,211   $ 3,654   Maximum Payout/Notional Credit default swaps                   Investment grade $ 182,137   $ 401,914   $ 477,924   $ 127,570   $ 1,189,545 Non-investment grade 133,624   228,327   186,522   147,926   696,399 Total 315,761   630,241   664,446   275,496   1,885,944 Total return swaps/other                   Investment grade —   —   9,116   —   9,116 Non-investment grade 305   2,023   4,918   1,476   8,722 Total 305   2,023   14,034   1,476   17,838 Total credit derivatives $ 316,066   $ 632,264   $ 678,480   $ 276,972   $ 1,903,782   December 31, 2010   Carrying Value (Dollars in millions) Less than One Year   One to Three Years   Three to Five Years   Over Five Years   Total Credit default swaps                   Investment grade $ 158   $ 2,607   $ 7,331   $ 14,880   $ 24,976 Non-investment grade 598   6,630   7,854   23,106   38,188 Total 756   9,237   15,185   37,986   63,164 Total return swaps/other                   Investment grade —   —   38   60   98 Non-investment grade 1   2   2   415   420 Total 1   2   40   475   518 Total credit derivatives $ 757   $ 9,239   $ 15,225   $ 38,461   $ 63,682 Credit-related notes (1, 2)                   Investment grade $ —   $ 136   $ —   $ 3,525   $ 3,661 Non-investment grade 9   33   174   2,423   2,639 Total credit-related notes $ 9   $ 169   $ 174   $ 5,948   $ 6,300   Maximum Payout/Notional Credit default swaps                   Investment grade $ 133,691   $ 466,565   $ 475,715   $ 275,434   $ 1,351,405 Non-investment grade 84,851   314,422   178,880   203,930   782,083 Total 218,542   780,987   654,595   479,364   2,133,488 Total return swaps/other                   Investment grade —   10   15,413   4,012   19,435 Non-investment grade 113   78   951   1,897   3,039 Total 113   88   16,364   5,909   22,474 Total credit derivatives $ 218,655   $ 781,075   $ 670,959   $ 485,273   $ 2,155,962 (1)  For credit-related notes, maximum payout/notional is the same as carrying value. (2)  For December 31, 2010, total credit-related note amounts have been revised from $3.6 billion (as previously reported) to $6.3 billion to reflect collateralized debt obligations and collateralized loan obligations held by certain consolidated VIEs.