Securitizations and Other Variable Interest Entities (Tables)

v2.4.0.6

Securitizations and Other Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2011
Variable Interest Entity [Line Items]
Mortgage Related Securitizations [Table Text Block]	The table below summarizes select information related to first-lien mortgage securitizations for 2011 and 2010.                           First-lien Mortgage Securitizations                                               Residential Mortgage               Non-Agency       Agency   Prime Subprime Alt-A   Commercial Mortgage (Dollars in millions) 2011 2010   2011 2010 2011 2010 2011 2010   2011 2010 Cash proceeds from new securitizations (1) $ 142,910 $ 243,901   $ — $ — $ — $ — $ 36 $ 7   $ 4,468 $ 4,227 Loss on securitizations, net of hedges (2) (373 ) (473 )   — — — — — —   — — Cash flows received on residual interests — —   3 18 38 58 6 2   18 20 (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 2011 and 2010, the Corporation recognized $2.9 billion and $5.1 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, 2011 and 2010.                               First-lien VIEs                                                       Residential Mortgage               Non-Agency         Agency   Prime   Subprime   Alt-A   Commercial Mortgage   December 31   December 31   December 31 (Dollars in millions) 2011 2010   2011 2010   2011 2010   2011 2010   2011 2010 Unconsolidated VIEs                             Maximum loss exposure (1) $ 37,519 $ 46,093   $ 2,375 $ 2,794   $ 289 $ 416   $ 506 $ 651   $ 981 $ 1,199 On-balance sheet assets                             Senior securities held (2):                             Trading account assets $ 8,744 $ 10,693   $ 94 $ 147   $ 3 $ 126   $ 343 $ 645   $ 21 $ 146 AFS debt securities 28,775 35,400   2,001 2,593   174 234   163 —   846 984 Subordinate securities held (2):                             Trading account assets — —   — —   30 12   — —   3 8 AFS debt securities — —   26 39   30 35   — 6   — — Residual interests held — —   8 6   9 9   — —   43 61 All other assets — —   — 9   — —   — —   — — Total retained positions $ 37,519 $ 46,093   $ 2,129 $ 2,794   $ 246 $ 416   $ 506 $ 651   $ 913 $ 1,199 Principal balance outstanding (3) $ 1,198,766 $ 1,297,159   $ 61,207 $ 75,762   $ 73,949 $ 92,710   $ 101,622 $ 116,233   $ 76,645 $ 73,597                               Consolidated VIEs                             Maximum loss exposure (1) $ 50,648 $ 32,746   $ 450 $ 46   $ 419 $ 42   $ — $ —   $ — $ — On-balance sheet assets                             Loans and leases $ 50,159 $ 32,563   $ 1,298 $ —   $ 892 $ —   $ — $ —   $ — $ — Allowance for loan and lease losses (6 ) (37 )   — —   — —   — —   — — Loans held-for-sale — —   — —   622 732   — —   — — All other assets 495 220   63 46   59 16   — —   — — Total assets $ 50,648 $ 32,746   $ 1,361 $ 46   $ 1,573 $ 748   $ — $ —   $ — $ — On-balance sheet liabilities                             Commercial paper and other short-term borrowings $ — $ —   $ — $ —   $ 650 $ 706   $ — $ —   $ — $ — Long-term debt — —   1,360 —   911 —   — —   — — All other liabilities — 3   — 9   57 62   — —   — — Total liabilities $ — $ 3   $ 1,360 $ 9   $ 1,618 $ 768   $ — $ —   $ — $ — (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 9 – Representations and Warranties Obligations and Corporate Guarantees and Note 25 – Mortgage Servicing Rights. (2)  As a holder of these securities, the Corporation receives scheduled principal and interest payments. During 2011 and 2010, there were no OTTI losses recorded on those securities classified as AFS debt securities. (3)  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 [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, 2011 and 2010.                         Home Equity Loan VIEs                                           December 31   2011   2010 (Dollars in millions) Consolidated VIEs   Unconsolidated VIEs   Total   Consolidated VIEs   Unconsolidated VIEs   Total Maximum loss exposure (1) $ 2,672   $ 7,563   $ 10,235   $ 3,192   $ 9,132   $ 12,324 On-balance sheet assets                       Trading account assets (2, 3) $ —   $ 5   $ 5   $ —   $ 209   $ 209 Available-for-sale debt securities (3, 4) —   13   13   —   35   35 Loans and leases 2,975   —   2,975   3,529   —   3,529 Allowance for loan and lease losses (303 )   —   (303 )   (337 )   —   (337 ) Total $ 2,672   $ 18   $ 2,690   $ 3,192   $ 244   $ 3,436 On-balance sheet liabilities                       Long-term debt $ 3,081   $ —   $ 3,081   $ 3,635   $ —   $ 3,635 All other liabilities 66   —   66   23   —   23 Total $ 3,147   $ —   $ 3,147   $ 3,658   $ —   $ 3,658 Principal balance outstanding $ 2,975   $ 14,422   $ 17,397   $ 3,529   $ 20,095   $ 23,624 (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. (2)  At December 31, 2011 and 2010, $3 million and $204 million of the debt securities classified as trading account assets were senior securities and $2 million and $5 million were subordinate securities. (3)  As a holder of these securities, the Corporation receives scheduled principal and interest payments. During 2011 and 2010, there were no OTTI losses recorded on those securities classified as AFS debt securities. (4)  At December 31, 2011 and 2010, $13 million and $35 million were subordinate debt securities.
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 credit card securitization trusts in which the Corporation held a variable interest at December 31, 2011 and 2010.         Credit Card VIEs       December 31 (Dollars in millions) 2011   2010 Consolidated VIEs       Maximum loss exposure $ 38,282   $ 36,596 On-balance sheet assets       Derivative assets $ 788   $ 1,778 Loans and leases (1) 74,793   92,104 Allowance for loan and lease losses (4,742 )   (8,505 ) All other assets (2) 723   4,259 Total $ 71,562   $ 89,636 On-balance sheet liabilities       Long-term debt $ 33,076   $ 52,781 All other liabilities 204   259 Total $ 33,280   $ 53,040 Trust loans $ 74,793   $ 92,104 (1)  At December 31, 2011 and 2010, loans and leases included $28.7 billion and $20.4 billion of seller’s interest and $1.0 billion and $3.8 billion of discount receivables. (2)  At December 31, 2011 and 2010, all other assets included restricted cash 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, 2011 and 2010.                         Other Asset-backed VIEs                                           Resecuritization Trusts   Municipal Bond Trusts   Automobile and Other Securitization Trusts   December 31   December 31   December 31 (Dollars in millions) 2011   2010   2011   2010   2011   2010 Unconsolidated VIEs                       Maximum loss exposure $ 31,140   $ 20,320   $ 3,752   $ 4,261   $ 93   $ 141 On-balance sheet assets                       Senior securities held (1, 2):                       Trading account assets $ 2,595   $ 1,219   $ 228   $ 255   $ —   $ — AFS debt securities 27,616   17,989   —   —   81   109 Subordinate securities held (1, 2):                       Trading account assets —   2   —   —   —   — AFS debt securities 544   1,036   —   —   —   — Residual interests held (3) 385   74   —   —   —   — All other assets —   —   —   —   12   17 Total retained positions $ 31,140   $ 20,320   $ 228   $ 255   $ 93   $ 126 Total assets of VIEs $ 60,459   $ 39,830   $ 5,964   $ 6,108   $ 668   $ 774                         Consolidated VIEs                       Maximum loss exposure $ —   $ —   $ 3,901   $ 4,716   $ 1,087   $ 2,061 On-balance sheet assets                       Trading account assets $ —   $ 68   $ 3,901   $ 4,716   $ —   $ — Loans and leases —   —   —   —   4,923   9,583 Allowance for loan and lease losses —   —   —   —   (7 )   (29 ) All other assets —   —   —   —   168   196 Total assets $ —   $ 68   $ 3,901   $ 4,716   $ 5,084   $ 9,750 On-balance sheet liabilities                       Commercial paper and other short-term borrowings $ —   $ —   $ 5,127   $ 4,921   $ —   $ — Long-term debt —   68   —   —   3,992   7,681 All other liabilities —   —   —   —   90   101 Total liabilities $ —   $ 68   $ 5,127   $ 4,921   $ 4,082   $ 7,782 (1)  As a holder of these securities, the Corporation receives scheduled principal and interest payments. During 2011 and 2010, 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).
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, 2011 and 2010.                         CDO Vehicle VIEs                                           December 31   2011   2010 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 1,695   $ 2,272   $ 3,967   $ 2,971   $ 3,828   $ 6,799 On-balance sheet assets                       Trading account assets $ 1,392   $ 461   $ 1,853   $ 2,485   $ 884   $ 3,369 Derivative assets 452   678   1,130   207   890   1,097 AFS debt securities —   —   —   769   338   1,107 All other assets —   96   96   24   123   147 Total $ 1,844   $ 1,235   $ 3,079   $ 3,485   $ 2,235   $ 5,720 On-balance sheet liabilities                       Derivative liabilities $ —   $ 11   $ 11   $ —   $ 58   $ 58 Long-term debt 2,712   2   2,714   3,162   —   3,162 Total $ 2,712   $ 13   $ 2,725   $ 3,162   $ 58   $ 3,220 Total assets of VIEs $ 1,844   $ 32,903   $ 34,747   $ 3,485   $ 43,476   $ 46,961
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, 2011 and 2010.                         Customer Vehicle VIEs                                           December 31   2011   2010 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 3,264   $ 2,116   $ 5,380   $ 4,449   $ 2,735   $ 7,184 On-balance sheet assets                       Trading account assets $ 3,302   $ 211   $ 3,513   $ 3,458   $ 876   $ 4,334 Derivative assets —   905   905   1   722   723 Loans held-for-sale 907   —   907   959   —   959 All other assets 1,452   —   1,452   1,429   —   1,429 Total $ 5,661   $ 1,116   $ 6,777   $ 5,847   $ 1,598   $ 7,445 On-balance sheet liabilities                       Derivative liabilities $ 4   $ 42   $ 46   $ 1   $ 23   $ 24 Commercial paper and other short-term borrowings —   —   —   —   —   — Long-term debt 3,912   —   3,912   3,457   —   3,457 All other liabilities 1   448   449   —   140   140 Total $ 3,917   $ 490   $ 4,407   $ 3,458   $ 163   $ 3,621 Total assets of VIEs $ 5,661   $ 5,302   $ 10,963   $ 5,847   $ 6,090   $ 11,937
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, 2011 and 2010.                         Other VIEs                                           December 31   2011   2010 (Dollars in millions) Consolidated   Unconsolidated   Total   Consolidated   Unconsolidated   Total Maximum loss exposure $ 7,429   $ 7,286   $ 14,715   $ 19,248   $ 8,796   $ 28,044 On-balance sheet assets                       Trading account assets $ —   $ —   $ —   $ 8,900   $ —   $ 8,900 Derivative assets 394   440   834   —   228   228 AFS debt securities —   62   62   1,832   73   1,905 Loans and leases 5,154   357   5,511   7,690   1,122   8,812 Allowance for loan and lease losses (8 )   (1 )   (9 )   (27 )   (22 )   (49 ) Loans held-for-sale 106   598   704   262   949   1,211 All other assets 1,809   5,823   7,632   937   6,440   7,377 Total $ 7,455   $ 7,279   $ 14,734   $ 19,594   $ 8,790   $ 28,384 On-balance sheet liabilities                       Commercial paper and other short-term borrowings $ —   $ —   $ —   $ 1,115   $ —   $ 1,115 Long-term debt 10   —   10   229   —   229 All other liabilities 694   1,705   2,399   8,683   1,666   10,349 Total $ 704   $ 1,705   $ 2,409   $ 10,027   $ 1,666   $ 11,693 Total assets of VIEs $ 7,455   $ 11,055   $ 18,510   $ 19,594   $ 13,416   $ 33,010