Annual report pursuant to Section 13 and 15(d)

Securitizations and Other Variable Interest Entities - First Lien Mortgages VIE (Details)

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Securitizations and Other Variable Interest Entities - First Lien Mortgages VIE (Details) (USD $)
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
On Balance Sheet Assets [Abstract]        
Debt securities carried at fair value $ 268,795,000,000 $ 310,850,000,000    
Loans and leases 928,233,000,000 907,819,000,000    
Allowance for loan and lease losses (17,428,000,000) (24,179,000,000) (33,783,000,000) (41,885,000,000)
Loans held-for-sale 11,362,000,000 19,413,000,000    
All other assets 124,090,000,000 150,112,000,000    
Total assets 2,102,273,000,000 [1] 2,209,974,000,000 [1]    
On Balance Sheet Liabilities [Abstract]        
Short-term borrowings 45,999,000,000 30,731,000,000    
Long-term debt 249,674,000,000 275,585,000,000    
Total liabilities 1,869,588,000,000 1,973,018,000,000    
In Text Details [Abstract]        
Unpaid principal balance of mortgage loans eligible for repurchase 1,600,000,000 12,100,000,000    
Principal amount that would be payable to the securitization vehicles 1,600,000,000 12,100,000,000    
Unconsolidated VIEs [Member] | Agency MBS [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 21,140,000,000 [2] 28,591,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 0    
All other assets 1,039,000,000 [3] 1,551,000,000 [3]    
Total assets 21,140,000,000 28,591,000,000    
Principal balance outstanding 437,765,000,000 [4] 780,202,000,000 [4]    
Unconsolidated VIEs [Member] | Prime Loan [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 1,527,000,000 [2] 2,038,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 13,000,000 18,000,000    
All other assets 71,000,000 [3] 64,000,000 [3]    
Total assets 1,087,000,000 1,507,000,000    
Principal balance outstanding 25,104,000,000 [4] 47,348,000,000 [4]    
Unconsolidated VIEs [Member] | Subprime Loan [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 406,000,000 [2] 410,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 9,000,000    
All other assets 1,000,000 [3] 1,000,000 [3]    
Total assets 236,000,000 246,000,000    
Principal balance outstanding 36,854,000,000 [4] 63,813,000,000 [4]    
Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 437,000,000 [2] 367,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 0    
All other assets 325,000,000 [3] 239,000,000 [3]    
Total assets 437,000,000 367,000,000    
Principal balance outstanding 56,454,000,000 [4] 80,860,000,000 [4]    
Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 432,000,000 [2] 702,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 16,000,000 40,000,000    
All other assets 0 [3] 0 [3]    
Total assets 402,000,000 646,000,000    
Principal balance outstanding 19,730,000,000 [4] 56,733,000,000 [4]    
Consolidated VIEs [Member]
        
On Balance Sheet Assets [Abstract]        
Loans and leases 109,118,000,000 123,227,000,000    
Allowance for loan and lease losses (2,674,000,000) (3,658,000,000)    
Loans held-for-sale 1,384,000,000 1,969,000,000    
All other assets 4,577,000,000 4,654,000,000    
Total assets 121,002,000,000 134,431,000,000    
On Balance Sheet Liabilities [Abstract]        
Short-term borrowings 1,150,000,000 3,731,000,000    
Long-term debt 19,448,000,000 34,256,000,000    
All other liabilities 253,000,000 360,000,000    
Total liabilities 20,851,000,000 38,347,000,000    
In Text Details [Abstract]        
Number of Securities, Entity has a Loss Sharing Reinsurance Obligation 871,000,000 1,200,000,000    
Consolidated VIEs [Member] | Agency MBS [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 42,420,000,000 [2] 46,959,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 1,640,000,000 0    
Loans and leases 40,316,000,000 45,991,000,000    
Allowance for loan and lease losses (3,000,000) (4,000,000)    
Loans held-for-sale 0 0    
All other assets 474,000,000 972,000,000    
Total assets 42,427,000,000 46,959,000,000    
On Balance Sheet Liabilities [Abstract]        
Short-term borrowings 0 0    
Long-term debt 7,000,000 0    
All other liabilities 0 0    
Total liabilities 7,000,000 0    
Consolidated VIEs [Member] | Prime Loan [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 79,000,000 [2] 104,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 140,000,000 283,000,000    
Allowance for loan and lease losses 0 0    
Loans held-for-sale 0 0    
All other assets 0 10,000,000    
Total assets 140,000,000 293,000,000    
On Balance Sheet Liabilities [Abstract]        
Short-term borrowings 0 0    
Long-term debt 61,000,000 212,000,000    
All other liabilities 0 0    
Total liabilities 61,000,000 212,000,000    
Consolidated VIEs [Member] | Subprime Loan [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 368,000,000 [2] 390,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 803,000,000 722,000,000    
Allowance for loan and lease losses 0 0    
Loans held-for-sale 0 914,000,000    
All other assets 7,000,000 91,000,000    
Total assets 810,000,000 1,727,000,000    
On Balance Sheet Liabilities [Abstract]        
Short-term borrowings 0 741,000,000    
Long-term debt 803,000,000 941,000,000    
All other liabilities 7,000,000 0    
Total liabilities 810,000,000 1,682,000,000    
Consolidated VIEs [Member] | Alt-A Loan [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 0 [2] 0 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 0 0    
Allowance for loan and lease losses 0 0    
Loans held-for-sale 0 0    
All other assets 0 0    
Total assets 0 0    
On Balance Sheet Liabilities [Abstract]        
Short-term borrowings 0 0    
Long-term debt 0 0    
All other liabilities 0 0    
Total liabilities 0 0    
Consolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First-Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 0 [2] 0 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 0 0    
Allowance for loan and lease losses 0 0    
Loans held-for-sale 0 0    
All other assets 0 0    
Total assets 0 0    
On Balance Sheet Liabilities [Abstract]        
Short-term borrowings 0 0    
Long-term debt 0 0    
All other liabilities 0 0    
Total liabilities 0 0    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Agency MBS [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 650,000,000 [5] 619,000,000 [5]    
Debt securities carried at fair value 19,451,000,000 [5] 26,421,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 16,000,000 [5]    
Debt securities carried at fair value 988,000,000 [5] 1,388,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 1,000,000 [5] 14,000,000 [5]    
Debt securities carried at fair value 220,000,000 [5] 210,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 3,000,000 [5] 0 [5]    
Debt securities carried at fair value 109,000,000 [5] 128,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 14,000,000 [5] 12,000,000 [5]    
Debt securities carried at fair value 306,000,000 [5] 581,000,000 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Agency MBS [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 0 [5]    
Debt securities carried at fair value 0 [5] 0 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 0 [5]    
Debt securities carried at fair value 15,000,000 [5] 21,000,000 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 8,000,000 [5] 3,000,000 [5]    
Debt securities carried at fair value 6,000,000 [5] 9,000,000 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 0 [5]    
Debt securities carried at fair value 0 [5] 0 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First-Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 13,000,000 [5] 13,000,000 [5]    
Debt securities carried at fair value $ 53,000,000 [5] $ 0 [5]    
[1] There were no material intersegment revenues.
[2] Maximum loss exposure excludes the liability for representations and warranties obligations and corporate guarantees and also excludes servicing advances and MSRs. For additional information, see Note 7 – Representations and Warranties Obligations and Corporate Guarantees and Note 23 – Mortgage Servicing Rights.
[3] Not included in the table above are all other assets of $1.6 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 $1.6 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 December 31, 2013 and 2012.
[4] Principal balance outstanding includes loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loans.
[5] As a holder of these securities, the Corporation receives scheduled principal and interest payments. During 2013 and 2012, there were no OTTI losses recorded on those securities classified as AFS debt securities.