Securitizations and Other Variable Interest Entities (Tables)

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Securitizations and Other Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2013
Variable Interest Entity [Line Items]
Mortgage Related Securitizations	The table below summarizes select information related to first-lien mortgage securitizations for the three months ended March 31, 2013 and 2012. First-lien Mortgage Securitizations       Three Months Ended March 31   Residential Mortgage - Agency   Commercial Mortgage (Dollars in millions) 2013 2012   2013 2012 Cash proceeds from new securitizations (1) $ 12,013 $ 6,338   $ — $ 325 Gain (loss) on securitizations (2) 29 (17 )   — — (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. The Corporation recognized $613 million and $319 million of gains, net of hedges, on loans securitized during the three months ended March 31, 2013 and 2012.
First Lien Mortgages [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to first-lien mortgage securitization trusts in which the Corporation held a variable interest at March 31, 2013 and December 31, 2012. First-lien Mortgage VIEs                 Residential Mortgage             Non-agency       Agency   Prime   Subprime   Alt-A   Commercial Mortgage (Dollars in millions) March 31 2013 December 31 2012   March 31 2013 December 31 2012   March 31 2013 December 31 2012   March 31 2013 December 31 2012   March 31 2013 December 31 2012 Unconsolidated VIEs                             Maximum loss exposure (1) $ 26,834 $ 28,591   $ 1,926 $ 2,038   $ 434 $ 410   $ 366 $ 367   $ 682 $ 702 On-balance sheet assets                             Senior securities held (2):                             Trading account assets $ 968 $ 619   $ 12 $ 16   $ 36 $ 14   $ 1 $ —   $ 5 $ 12 Debt securities carried at fair value 25,192 26,421   1,302 1,388   218 210   131 128   575 581 Subordinate securities held (2):                             Trading account assets — —   — —   9 3   — —   16 13 Debt securities carried at fair value — —   21 21   8 9   — —   — — Residual interests held — —   16 18   4 9   — —   39 40 All other assets (3) 674 1,551   59 64   1 1   234 239   — — Total retained positions $ 26,834 $ 28,591   $ 1,410 $ 1,507   $ 276 $ 246   $ 366 $ 367   $ 635 $ 646 Principal balance outstanding (4) $ 667,970 $ 797,315   $ 42,945 $ 45,819   $ 50,898 $ 53,822   $ 67,679 $ 71,990   $ 60,302 $ 56,733                               Consolidated VIEs                             Maximum loss exposure (1) $ 45,453 $ 46,959   $ 107 $ 104   $ 391 $ 390   $ — $ —   $ 1,369 $ — On-balance sheet assets                             Loans and leases $ 44,539 $ 45,991   $ 282 $ 283   $ 759 $ 722   $ — $ —   $ — $ — Allowance for loan and lease losses (4 ) (4 )   — —   — —   — —   — — Loans held-for-sale — —   — —   762 914   — —   1,369 — All other assets 918 972   5 10   86 91   — —   — — Total assets $ 45,453 $ 46,959   $ 287 $ 293   $ 1,607 $ 1,727   $ — $ —   $ 1,369 $ — On-balance sheet liabilities                             Short-term borrowings $ — $ —   $ — $ —   $ 767 $ 741   $ — $ —   $ — $ — Long-term debt — —   203 212   793 941   — —   — — Total liabilities $ — $ —   $ 203 $ 212   $ 1,560 $ 1,682   $ — $ —   $ — $ — (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 19 – Mortgage Servicing Rights. (2)  As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three months ended March 31, 2013 and 2012, 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 $8.2 billion and $12.1 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 $8.2 billion and $12.1 billion, representing the principal amount that would be payable to the securitization vehicles if the Corporation were to exercise the repurchase option, at March 31, 2013 and December 31, 2012. (4)  Principal balance outstanding includes loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loans.
Home Equity [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to home equity loan securitization trusts in which the Corporation held a variable interest at March 31, 2013 and December 31, 2012. Home Equity Loan VIEs           March 31, 2013   December 31, 2012 (Dollars in millions) Consolidated VIEs   Unconsolidated VIEs   Total   Consolidated VIEs   Unconsolidated VIEs   Total Maximum loss exposure (1) $ 1,449   $ 7,004   $ 8,453   $ 2,004   $ 6,707   $ 8,711 On-balance sheet assets                       Trading account assets $ —   $ 8   $ 8   $ —   $ 8   $ 8 Debt securities carried at fair value —   15   15   —   14   14 Loans and leases 1,566   —   1,566   2,197   —   2,197 Allowance for loan and lease losses (117 )   —   (117 )   (193 )   —   (193 ) Total $ 1,449   $ 23   $ 1,472   $ 2,004   $ 22   $ 2,026 On-balance sheet liabilities                       Long-term debt $ 1,649   $ —   $ 1,649   $ 2,331   $ —   $ 2,331 All other liabilities 85   —   85   92   —   92 Total $ 1,734   $ —   $ 1,734   $ 2,423   $ —   $ 2,423 Principal balance outstanding $ 1,566   $ 10,932   $ 12,498   $ 2,197   $ 12,644   $ 14,841 (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	The table below summarizes select information related to consolidated credit card securitization trusts in which the Corporation held a variable interest at March 31, 2013 and December 31, 2012. Credit Card VIEs       (Dollars in millions) March 31 2013   December 31 2012 Consolidated VIEs       Maximum loss exposure $ 40,931   $ 42,487 On-balance sheet assets       Derivative assets $ 187   $ 323 Loans and leases (1) 62,365   66,427 Allowance for loan and lease losses (3,183 )   (3,445 ) All other assets (2) 1,872   1,567 Total $ 61,241   $ 64,872 On-balance sheet liabilities       Derivative liabilities $ 20   $ — Long-term debt 20,222   22,291 All other liabilities 68   94 Total $ 20,310   $ 22,385 (1)  At March 31, 2013 and December 31, 2012, loans and leases included $31.8 billion and $33.5 billion of seller's interest and $73 million and $124 million of discount receivables. (2)  At March 31, 2013 and December 31, 2012, 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	Other asset-backed securitizations include resecuritization trusts, municipal bond trusts, and automobile and other securitization trusts. The table below summarizes select information related to other asset-backed securitizations in which the Corporation held a variable interest at March 31, 2013 and December 31, 2012. Other Asset-backed VIEs                         Resecuritization Trusts   Municipal Bond Trusts   Automobile and Other Securitization Trusts (Dollars in millions) March 31 2013   December 31 2012   March 31 2013   December 31 2012   March 31 2013   December 31 2012 Unconsolidated VIEs                       Maximum loss exposure $ 18,487   $ 20,715   $ 3,193   $ 3,341   $ 85   $ 122 On-balance sheet assets                       Senior securities held (1, 2):                       Trading account assets $ 1,197   $ 1,281   $ 178   $ 12   $ 3   $ 37 Debt securities carried at fair value 17,210   19,343   541   540   71   74 Subordinate securities held (1, 2):                       Debt securities carried at fair value 74   75   —   —   —   — Residual interests held (3) 6   16   —   —   —   — All other assets —   —   —   —   11   11 Total retained positions $ 18,487   $ 20,715   $ 719   $ 552   $ 85   $ 122 Total assets of VIEs (4) $ 39,300   $ 42,818   $ 4,870   $ 4,980   $ 1,676   $ 1,890                         Consolidated VIEs                       Maximum loss exposure $ 1,249   $ 126   $ 1,881   $ 2,505   $ 525   $ 1,255 On-balance sheet assets                       Trading account assets $ 2,278   $ 220   $ 1,881   $ 2,505   $ —   $ — Loans and leases —   —   —   —   1,475   2,523 Allowance for loan and lease losses —   —   —   —   (1 )   (2 ) All other assets —   —   —   —   149   250 Total assets $ 2,278   $ 220   $ 1,881   $ 2,505   $ 1,623   $ 2,771 On-balance sheet liabilities                       Short-term borrowings $ —   $ —   $ 1,755   $ 2,859   $ —   $ — Long-term debt 1,029   94   —   —   1,096   1,513 All other liabilities —   —   —   —   83   82 Total liabilities $ 1,029   $ 94   $ 1,755   $ 2,859   $ 1,179   $ 1,595 (1)  As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three months ended March 31, 2013 and 2012, 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	The table below summarizes select information related to CDO vehicles in which the Corporation held a variable interest at March 31, 2013 and December 31, 2012. CDO Vehicle VIEs                         March 31, 2013   December 31, 2012 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 2,325   $ 1,302   $ 3,627   $ 2,201   $ 1,376   $ 3,577 On-balance sheet assets                       Trading account assets $ 2,325   $ 307   $ 2,632   $ 2,191   $ 258   $ 2,449 Derivative assets —   233   233   10   301   311 All other assets —   71   71   —   76   76 Total $ 2,325   $ 611   $ 2,936   $ 2,201   $ 635   $ 2,836 On-balance sheet liabilities                       Derivative liabilities $ —   $ 6   $ 6   $ —   $ 9   $ 9 Long-term debt 2,861   2   2,863   2,806   2   2,808 Total $ 2,861   $ 8   $ 2,869   $ 2,806   $ 11   $ 2,817 Total assets of VIEs $ 2,325   $ 26,108   $ 28,433   $ 2,201   $ 26,985   $ 29,186
Customer Vehicles [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to customer vehicles in which the Corporation held a variable interest at March 31, 2013 and December 31, 2012. Customer Vehicle VIEs                         March 31, 2013   December 31, 2012 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 3,442   $ 1,296   $ 4,738   $ 2,994   $ 1,401   $ 4,395 On-balance sheet assets                       Trading account assets $ 2,520   $ 61   $ 2,581   $ 2,882   $ 98   $ 2,980 Derivative assets —   423   423   —   516   516 Loans and leases 784   —   784   523   —   523 Loans held-for-sale 1,003   —   1,003   950   —   950 All other assets 710   —   710   763   —   763 Total $ 5,017   $ 484   $ 5,501   $ 5,118   $ 614   $ 5,732 On-balance sheet liabilities                       Derivative liabilities $ 24   $ 7   $ 31   $ 26   $ 7   $ 33 Short-term borrowings 17   —   17   131   —   131 Long-term debt 2,729   —   2,729   3,179   —   3,179 All other liabilities 2   383   385   3   382   385 Total $ 2,772   $ 390   $ 3,162   $ 3,339   $ 389   $ 3,728 Total assets of VIEs $ 5,017   $ 4,034   $ 9,051   $ 5,118   $ 4,055   $ 9,173
Other Variable Interest Entity Investment Vehicle [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at March 31, 2013 and December 31, 2012. Other VIEs                         March 31, 2013   December 31, 2012 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 5,508   $ 6,629   $ 12,137   $ 5,608   $ 6,492   $ 12,100 On-balance sheet assets                       Trading account assets $ 109   $ —   $ 109   $ 108   $ —   $ 108 Derivative assets —   507   507   —   460   460 Debt securities carried at fair value —   36   36   —   39   39 Loans and leases 4,466   53   4,519   4,561   67   4,628 Allowance for loan and lease losses (5 )   —   (5 )   (14 )   —   (14 ) Loans held-for-sale 95   73   168   105   157   262 All other assets 988   5,959   6,947   1,001   5,768   6,769 Total $ 5,653   $ 6,628   $ 12,281   $ 5,761   $ 6,491   $ 12,252 On-balance sheet liabilities                       Derivative liabilities $ —   $ —   $ —   $ —   $ 9   $ 9 Long-term debt 879   —   879   889   —   889 All other liabilities 63   1,930   1,993   63   1,683   1,746 Total $ 942   $ 1,930   $ 2,872   $ 952   $ 1,692   $ 2,644 Total assets of VIEs $ 5,653   $ 8,599   $ 14,252   $ 5,761   $ 8,660   $ 14,421