Annual report pursuant to Section 13 and 15(d)

Outstanding Loans and Leases - Home Loan TDRs (Details)

v2.4.0.8
Outstanding Loans and Leases - Home Loan TDRs (Details) (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Financing Receivable, Modifications [Line Items]      
Unpaid Principal Balance $ 488 $ 761 $ 1,410
Carrying Value 522 [1] 728 [1] 1,440 [1]
Pre-Modification Interest Rate 18.89% 18.68% 20.09%
Post-Modification Interest Rate 4.37% 4.79% 4.89%
Net Charge-offs 183 287 420
Residential Mortgage [Member]
      
Financing Receivable, Modifications [Line Items]      
Unpaid Principal Balance 11,233 [2] 15,088 [2] 11,764 [2]
Carrying Value 10,016 [2] 12,228 [2] 9,991 [2]
Pre-Modification Interest Rate 5.30% [2] 5.52% [2] 5.94% [2]
Post-Modification Interest Rate 4.27% [2] 4.70% [2] 5.16% [2]
Net Charge-offs 235 [2],[3] 523 [2],[3] 308 [2],[3]
Principal forgiveness 467 778  
TDRs entering payment default that were modified during preceding 12 months 6,911 4,723 3,551
Residential Mortgage [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 1,950 730 1,247
TDRs entering payment default that were modified during preceding 12 months 454 202 352
Residential Mortgage [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 3,505 4,015 5,328
TDRs entering payment default that were modified during preceding 12 months 1,117 942 2,098
Residential Mortgage [Member] | Loans Discharged in Chapter Seven Bankruptcy [Member]
      
Financing Receivable, Modifications [Line Items]      
TDRs entering payment default that were modified during preceding 12 months 964 [4] 1,228 [4]  
Residential Mortgage [Member] | Trial Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 3,410 4,547 3,416
TDRs entering payment default that were modified during preceding 12 months 4,376 2,351 1,101
Home Equity Line of Credit [Member]
      
Financing Receivable, Modifications [Line Items]      
Unpaid Principal Balance 878 [2] 1,721 [2] 1,112 [2]
Carrying Value 521 [2] 858 [2] 556 [2]
Pre-Modification Interest Rate 5.29% [2] 5.22% [2] 6.58% [2]
Post-Modification Interest Rate 3.92% [2] 4.39% [2] 5.25% [2]
Net Charge-offs 192 [2],[3] 716 [2],[3] 239 [2],[3]
Principal forgiveness   9  
TDRs entering payment default that were modified during preceding 12 months 50 95 61
Home Equity Line of Credit [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 72 110 230
TDRs entering payment default that were modified during preceding 12 months 2 8 2
Home Equity Line of Credit [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 84 81 185
TDRs entering payment default that were modified during preceding 12 months 4 14 42
Home Equity Line of Credit [Member] | Loans Discharged in Chapter Seven Bankruptcy [Member]
      
Financing Receivable, Modifications [Line Items]      
TDRs entering payment default that were modified during preceding 12 months 30 [4] 53 [4]  
Home Equity Line of Credit [Member] | Trial Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 87 69 141
TDRs entering payment default that were modified during preceding 12 months 14 20 17
Home Loans [Member]
      
Financing Receivable, Modifications [Line Items]      
Unpaid Principal Balance 12,111 [2] 16,809 [2] 12,876 [2]
Carrying Value 10,537 [2] 13,086 [2] 10,547 [2]
Pre-Modification Interest Rate 5.30% [2] 5.49% [2] 6.01% [2]
Post-Modification Interest Rate 4.24% [2] 4.66% [2] 5.17% [2]
Net Charge-offs 427 [2],[3] 1,239 [2],[3] 547 [2],[3]
Carrying value of loans entering default 2,400 667 514
TDRs entering payment default that were modified during preceding 12 months 6,961 [5] 4,818 [5] 3,612 [5]
Home Loans [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 2,022 840 1,477
TDRs entering payment default that were modified during preceding 12 months 456 [5] 210 [5] 354 [5]
Home Loans [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 3,589 4,096 5,513
TDRs entering payment default that were modified during preceding 12 months 1,121 [5] 956 [5] 2,140 [5]
Home Loans [Member] | Loans Discharged in Chapter Seven Bankruptcy [Member]
      
Financing Receivable, Modifications [Line Items]      
TDRs entering payment default that were modified during preceding 12 months 994 [4],[5] 1,281 [4],[5]  
Home Loans [Member] | Trial Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 3,497 4,616 3,557
TDRs entering payment default that were modified during preceding 12 months 4,390 [5] 2,371 [5] 1,118 [5]
Contractual Interest Rate Reduction [Member] | Residential Mortgage [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 1,815 642 994
Contractual Interest Rate Reduction [Member] | Residential Mortgage [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 2,799 3,350 3,531
Contractual Interest Rate Reduction [Member] | Home Equity Line of Credit [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 48 78 189
Contractual Interest Rate Reduction [Member] | Home Equity Line of Credit [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 40 44 101
Contractual Interest Rate Reduction [Member] | Home Loans [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 1,863 720 1,183
Contractual Interest Rate Reduction [Member] | Home Loans [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 2,839 3,394 3,632
Capitlization Of Past Due Amounts [Member] | Residential Mortgage [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 132 144 410
Capitlization Of Past Due Amounts [Member] | Home Equity Line of Credit [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 2 0 1
Capitlization Of Past Due Amounts [Member] | Home Loans [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 134 144 411
Principal and/or Interest Forbearance [Member] | Residential Mortgage [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 35 51 189
Principal and/or Interest Forbearance [Member] | Residential Mortgage [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 469 424 946
Principal and/or Interest Forbearance [Member] | Home Equity Line of Credit [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 24 31 36
Principal and/or Interest Forbearance [Member] | Home Equity Line of Credit [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 17 16 49
Principal and/or Interest Forbearance [Member] | Home Loans [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 59 82 225
Principal and/or Interest Forbearance [Member] | Home Loans [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 486 440 995
Other Modifications [Member] | Residential Mortgage [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 100 [6] 37 [6] 64 [6]
Other Modifications [Member] | Residential Mortgage [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 105 [6] 97 [6] 441 [6]
Other Modifications [Member] | Home Equity Line of Credit [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 0 [6] 1 [6] 5 [6]
Other Modifications [Member] | Home Equity Line of Credit [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 25 [6] 21 [6] 34 [6]
Other Modifications [Member] | Home Loans [Member] | Government Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 100 [6] 38 [6] 69 [6]
Other Modifications [Member] | Home Loans [Member] | Proprietary Modifications [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 130 [6] 118 [6] 475 [6]
Loans Discharged in Chapter Seven Bankruptcy [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 3,600    
Loans Discharged in Chapter Seven Bankruptcy [Member] | Residential Mortgage [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 1,151 [7] 2,936 [7]  
Loans Discharged in Chapter Seven Bankruptcy [Member] | Home Equity Line of Credit [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 278 [7] 598 [7]  
Loans Discharged in Chapter Seven Bankruptcy [Member] | Home Loans [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value 1,429 [7] 3,534 [7]  
Current or Less Than Sixty Days Past Due [Member] | Loans Discharged in Chapter Seven Bankruptcy [Member] | Home Loans [Member]
      
Financing Receivable, Modifications [Line Items]      
Carrying Value $ 587    
Carrying value of loans discharged, percent 41.00%    
[1] (1) Includes accrued interest and fees.
[2] TDRs entered into during 2013 include residential mortgage modifications with principal forgiveness of $467 million. TDRs entered into during 2012 include residential mortgage modifications with principal forgiveness of $778 million and home equity modifications of $9 million. Prior to 2012, the principal forgiveness amount was not significant.
[3] Net charge-offs include amounts recorded on loans modified during the period that are no longer held by the Corporation at December 31, 2013, 2012 and 2011 due to sales and other dispositions.
[4] (2) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
[5] (1) Total carrying value includes loans with a carrying value of $2.4 billion, $667 million and $514 million that entered into payment default during 2013, 2012 and 2011 but were no longer held by the Corporation as of December 31, 2013, 2012 and 2011 due to sales and other dispositions.
[6] Includes other modifications such as term or payment extensions and repayment plans.
[7] Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The amount for 2012 represents the cumulative impact upon adoption of the regulatory guidance. During 2013, home loans of $587 million, or 41 percent of loans discharged in Chapter 7 bankruptcy were current or less than 60 days past due.