Securitizations and Other Variable Interest Entities (Tables)

v2.4.0.6

Securitizations and Other Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2012
Variable Interest Entity [Line Items]
Mortgage Related Securitizations [Table Text Block]	The table below summarizes select information related to first-lien mortgage securitizations for 2012 and 2011.                   First-lien Mortgage Securitizations                               Residential Mortgage         Agency   Non-agency   Commercial Mortgage (Dollars in millions) 2012 2011   2012 2011   2012 2011 Cash proceeds from new securitizations (1) $ 39,526 $ 142,910   $ — $ 36   $ 903 $ 4,468 Loss on securitizations, net of hedges (2) (212 ) (373 )   — —   — — (1)  The Corporation sells residential mortgage loans to GSEs in the normal course of business and receives MBS in exchange which may then be sold into the market to third-party investors for cash proceeds. (2)  Substantially all of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. As such, gains are recognized on these LHFS prior to securitization. During 2012 and 2011, the Corporation recognized $1.9 billion and $2.9 billion of gains on these LHFS, net of hedges.
First Lien Mortgages [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities [Table Text Block]	The table below summarizes select information related to first-lien mortgage securitization trusts in which the Corporation held a variable interest at December 31, 2012 and 2011.                               First-lien VIEs                                                       Residential Mortgage               Non-agency         Agency   Prime   Subprime   Alt-A   Commercial Mortgage   December 31   December 31   December 31 (Dollars in millions) 2012 2011   2012 2011   2012 2011   2012 2011   2012 2011 Unconsolidated VIEs                             Maximum loss exposure (1) $ 28,591 $ 37,519   $ 2,038 $ 2,375   $ 410 $ 289   $ 367 $ 506   $ 702 $ 981 On-balance sheet assets                             Senior securities held (2):                             Trading account assets $ 619 $ 8,744   $ 16 $ 94   $ 14 $ 3   $ — $ 343   $ 12 $ 21 Available-for-sale debt securities 25,492 28,775   1,388 2,001   210 174   128 163   581 846 Subordinate securities held (2):                             Trading account assets — —   — —   3 30   — —   13 3 Available-for-sale debt securities — —   21 26   9 30   — —   — — Residual interests held — —   18 8   9 9   — —   40 43 All other assets (3) 2,480 —   64 —   1 —   239 —   — — Total retained positions $ 28,591 $ 37,519   $ 1,507 $ 2,129   $ 246 $ 246   $ 367 $ 506   $ 646 $ 913 Principal balance outstanding (4) $ 797,315 $ 1,198,766   $ 45,819 $ 61,207   $ 53,822 $ 73,949   $ 71,990 $ 101,622   $ 56,733 $ 76,645                               Consolidated VIEs                             Maximum loss exposure (1) $ 46,959 $ 50,648   $ 104 $ 450   $ 390 $ 419   $ — $ —   $ — $ — On-balance sheet assets                             Loans and leases $ 45,991 $ 50,159   $ 283 $ 1,298   $ 722 $ 892   $ — $ —   $ — $ — Allowance for loan and lease losses (4 ) (6 )   — —   — —   — —   — — Loans held-for-sale — —   — —   914 622   — —   — — All other assets 972 495   10 63   91 59   — —   — — Total assets $ 46,959 $ 50,648   $ 293 $ 1,361   $ 1,727 $ 1,573   $ — $ —   $ — $ — On-balance sheet liabilities                             Other short-term borrowings $ — $ —   $ — $ —   $ 741 $ 650   $ — $ —   $ — $ — Long-term debt — —   212 1,360   941 911   — —   — — All other liabilities — —   — —   — 57   — —   — — Total liabilities $ — $ —   $ 212 $ 1,360   $ 1,682 $ 1,618   $ — $ —   $ — $ — (1)  Maximum loss exposure excludes the liability for representations and warranties obligations and corporate guarantees and also excludes servicing advances and MSRs. For more information, see Note 8 – Representations and Warranties Obligations and Corporate Guarantees and Note 24 – Mortgage Servicing Rights. (2)  As a holder of these securities, the Corporation receives scheduled principal and interest payments. During 2012 and 2011, there were no OTTI losses recorded on those securities classified as AFS debt securities. (3)  Not included in the table above are all other assets of $12.1 billion and $11.0 billion, representing the unpaid principal balance of mortgage loans eligible for repurchase from unconsolidated residential mortgage securitization vehicles, principally guaranteed by GNMA, and all other liabilities of $12.1 billion and $11.0 billion, representing the principal amount that would be payable to the securitization vehicles if the Corporation were to exercise the repurchase option, at December 31, 2012 and 2011. (4)  Principal balance outstanding includes loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loans.
Home Equity Line of Credit [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities [Table Text Block]	The table below summarizes select information related to home equity loan securitization trusts in which the Corporation held a variable interest at December 31, 2012 and 2011.                         Home Equity Loan VIEs                                           December 31   2012   2011 (Dollars in millions) Consolidated VIEs   Unconsolidated VIEs   Total   Consolidated VIEs   Unconsolidated VIEs   Total Maximum loss exposure (1) $ 2,004   $ 6,707   $ 8,711   $ 2,672   $ 7,563   $ 10,235 On-balance sheet assets                       Trading account assets $ —   $ 8   $ 8   $ —   $ 5   $ 5 Available-for-sale debt securities —   14   14   —   13   13 Loans and leases 2,197   —   2,197   2,975   —   2,975 Allowance for loan and lease losses (193 )   —   (193 )   (303 )   —   (303 ) Total $ 2,004   $ 22   $ 2,026   $ 2,672   $ 18   $ 2,690 On-balance sheet liabilities                       Long-term debt $ 2,331   $ —   $ 2,331   $ 3,081   $ —   $ 3,081 All other liabilities 92   —   92   66   —   66 Total $ 2,423   $ —   $ 2,423   $ 3,147   $ —   $ 3,147 Principal balance outstanding $ 2,197   $ 12,644   $ 14,841   $ 2,975   $ 14,422   $ 17,397 (1)  For unconsolidated VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves, and excludes the liability for representations and warranties obligations and corporate guarantees.
Credit Card Receivable [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities [Table Text Block]	The table below summarizes select information related to consolidated credit card securitization trusts in which the Corporation held a variable interest at December 31, 2012 and 2011.         Credit Card VIEs       December 31 (Dollars in millions) 2012   2011 Consolidated VIEs       Maximum loss exposure $ 42,487   $ 38,282 On-balance sheet assets       Derivative assets $ 323   $ 788 Loans and leases (1) 66,427   74,793 Allowance for loan and lease losses (3,445 )   (4,742 ) All other assets (2) 1,567   723 Total $ 64,872   $ 71,562 On-balance sheet liabilities       Long-term debt $ 22,291   $ 33,076 All other liabilities 94   204 Total $ 22,385   $ 33,280 (1)  At December 31, 2012 and 2011, loans and leases included $33.5 billion and $28.7 billion of seller’s interest and $124 million and $1.0 billion of discount receivables. (2)  At December 31, 2012 and 2011, all other assets included restricted cash and short-term investment accounts and unbilled accrued interest and fees.
Collateralized Securities, Other [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities [Table Text Block]	The table below summarizes select information related to other asset-backed securitizations in which the Corporation held a variable interest at December 31, 2012 and 2011.                         Other Asset-backed VIEs                                           Resecuritization Trusts   Municipal Bond Trusts   Automobile and Other Securitization Trusts   December 31   December 31   December 31 (Dollars in millions) 2012   2011   2012   2011   2012   2011 Unconsolidated VIEs                       Maximum loss exposure $ 20,715   $ 31,140   $ 3,341   $ 3,752   $ 122   $ 93 On-balance sheet assets                       Senior securities held (1, 2):                       Trading account assets $ 1,281   $ 2,595   $ 12   $ 228   $ 37   $ — Available-for-sale debt securities 19,343   27,616   540   —   74   81 Subordinate securities held (1, 2):                       Available-for-sale debt securities 75   544   —   —   —   — Residual interests held (3) 16   385   —   —   —   — All other assets —   —   —   —   11   12 Total retained positions $ 20,715   $ 31,140   $ 552   $ 228   $ 122   $ 93 Total assets of VIEs (4) $ 42,818   $ 60,459   $ 4,980   $ 5,964   $ 1,890   $ 668                         Consolidated VIEs                       Maximum loss exposure $ 126   $ —   $ 2,505   $ 3,901   $ 1,255   $ 1,087 On-balance sheet assets                       Trading account assets $ 220   $ —   $ 2,505   $ 3,901   $ —   $ — Loans and leases —   —   —   —   2,523   4,923 Allowance for loan and lease losses —   —   —   —   (2 )   (7 ) All other assets —   —   —   —   250   168 Total assets $ 220   $ —   $ 2,505   $ 3,901   $ 2,771   $ 5,084 On-balance sheet liabilities                       Other short-term borrowings $ —   $ —   $ 2,859   $ 5,127   $ —   $ — Long-term debt 94   —   —   —   1,513   3,992 All other liabilities —   —   —   —   82   90 Total liabilities $ 94   $ —   $ 2,859   $ 5,127   $ 1,595   $ 4,082 (1)  As a holder of these securities, the Corporation receives scheduled principal and interest payments. During 2012 and 2011, there were no OTTI losses recorded on those securities classified as AFS debt securities. (2)  The retained senior and subordinate securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy). (3)  The retained residual interests are carried at fair value which was derived using model valuations (Level 2 of the fair value hierarchy). (4)  Total assets include loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loan.
Collateralized Debt Obligations [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities [Table Text Block]	The table below summarizes select information related to CDO vehicles in which the Corporation held a variable interest at December 31, 2012 and 2011.                         CDO Vehicle VIEs                                           December 31   2012   2011 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 2,201   $ 1,376   $ 3,577   $ 1,695   $ 2,272   $ 3,967 On-balance sheet assets                       Trading account assets $ 2,191   $ 258   $ 2,449   $ 1,392   $ 461   $ 1,853 Derivative assets 10   301   311   452   678   1,130 All other assets —   76   76   —   96   96 Total $ 2,201   $ 635   $ 2,836   $ 1,844   $ 1,235   $ 3,079 On-balance sheet liabilities                       Derivative liabilities $ —   $ 9   $ 9   $ —   $ 11   $ 11 Long-term debt 2,806   2   2,808   2,712   2   2,714 Total $ 2,806   $ 11   $ 2,817   $ 2,712   $ 13   $ 2,725 Total assets of VIEs $ 2,201   $ 26,985   $ 29,186   $ 1,844   $ 32,903   $ 34,747
Customer Vehicles [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities [Table Text Block]	The table below summarizes select information related to customer vehicles in which the Corporation held a variable interest at December 31, 2012 and 2011.                         Customer Vehicle VIEs                                           December 31   2012   2011 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 2,994   $ 1,401   $ 4,395   $ 3,264   $ 2,116   $ 5,380 On-balance sheet assets                       Trading account assets $ 2,882   $ 98   $ 2,980   $ 3,302   $ 211   $ 3,513 Derivative assets —   516   516   —   905   905 Loans and leases 523   —   523   —   —   — Loans held-for-sale 950   —   950   907   —   907 All other assets 763   —   763   1,452   —   1,452 Total $ 5,118   $ 614   $ 5,732   $ 5,661   $ 1,116   $ 6,777 On-balance sheet liabilities                       Derivative liabilities $ 26   $ 7   $ 33   $ 4   $ 42   $ 46 Other short-term borrowings 131   —   131   —   —   — Long-term debt 3,179   —   3,179   3,912   —   3,912 All other liabilities 3   382   385   1   448   449 Total $ 3,339   $ 389   $ 3,728   $ 3,917   $ 490   $ 4,407 Total assets of VIEs $ 5,118   $ 4,055   $ 9,173   $ 5,661   $ 5,302   $ 10,963
Other Variable Interest Entity Investment Vehicle [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities [Table Text Block]	The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at December 31, 2012 and 2011.                         Other VIEs                                           December 31   2012   2011 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 5,608   $ 6,492   $ 12,100   $ 7,429   $ 7,286   $ 14,715 On-balance sheet assets                       Trading account assets $ 108   $ —   $ 108   $ —   $ —   $ — Derivative assets —   460   460   394   440   834 Available-for-sale debt securities —   39   39   —   62   62 Loans and leases 4,561   67   4,628   5,154   357   5,511 Allowance for loan and lease losses (14 )   —   (14 )   (8 )   (1 )   (9 ) Loans held-for-sale 105   157   262   106   598   704 All other assets 1,001   5,768   6,769   1,809   5,823   7,632 Total $ 5,761   $ 6,491   $ 12,252   $ 7,455   $ 7,279   $ 14,734 On-balance sheet liabilities                       Derivative liabilities $ —   $ 9   $ 9   $ —   $ —   $ — Long-term debt 889   —   889   10   —   10 All other liabilities 63   1,683   1,746   694   1,705   2,399 Total $ 952   $ 1,692   $ 2,644   $ 704   $ 1,705   $ 2,409 Total assets of VIEs $ 5,761   $ 8,660   $ 14,421   $ 7,455   $ 11,055   $ 18,510