Quarterly report pursuant to Section 13 or 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 $)
Sep. 30, 2013
Jun. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Dec. 31, 2011
Variable Interest Entity [Line Items]            
Unpaid principal balance of mortgage loans eligible for repurchase $ 2,300,000,000   $ 12,100,000,000      
Principal amount that would be payable to the securitization vehicles (2,300,000,000)   (12,100,000,000)      
On Balance Sheet Assets [Abstract]            
Other Assets 122,068,000,000   150,112,000,000      
Total assets 2,126,653,000,000   2,209,974,000,000 2,166,162,000,000    
Loans and leases 934,392,000,000   907,819,000,000      
Allowance for loan and lease losses (19,432,000,000) (21,235,000,000) (24,179,000,000) (26,233,000,000) (30,288,000,000) (33,783,000,000)
Loans held-for-sale 15,001,000,000   19,413,000,000      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 40,769,000,000   30,731,000,000      
Long-term debt 255,331,000,000   275,585,000,000      
Total liabilities 1,894,371,000,000   1,973,018,000,000      
Unconsolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 21,362,000,000 [1]   28,591,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0 [2]   0 [2]      
Other Assets 561,000,000 [3]   1,551,000,000 [3]      
Total assets 21,362,000,000   28,591,000,000      
Principal balance outstanding 479,193,000,000 [4]   797,315,000,000 [4]      
Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 1,623,000,000 [1]   2,038,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 13,000,000 [2]   18,000,000 [2]      
Other Assets 75,000,000 [3]   64,000,000 [3]      
Total assets 1,193,000,000   1,507,000,000      
Principal balance outstanding 29,592,000,000 [4]   45,819,000,000 [4]      
Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 407,000,000 [1]   410,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0 [2]   9,000,000 [2]      
Other Assets 1,000,000 [3]   1,000,000 [3]      
Total assets 242,000,000   246,000,000      
Principal balance outstanding 34,084,000,000 [4]   53,822,000,000 [4]      
Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 448,000,000 [1]   367,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0 [2]   0 [2]      
Other Assets 328,000,000 [3]   239,000,000 [3]      
Total assets 448,000,000   367,000,000      
Principal balance outstanding 54,045,000,000 [4]   71,990,000,000 [4]      
Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 607,000,000 [1]   702,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 177,000,000 [2]   40,000,000 [2]      
Other Assets 0 [3]   0 [3]      
Total assets 572,000,000   646,000,000      
Principal balance outstanding 21,883,000,000 [4]   56,733,000,000 [4]      
Consolidated VIEs [Member]
            
On Balance Sheet Assets [Abstract]            
Other Assets 4,314,000,000   4,654,000,000      
Total assets 122,165,000,000   134,431,000,000      
Loans and leases 109,996,000,000   123,227,000,000      
Allowance for loan and lease losses (2,962,000,000)   (3,658,000,000)      
Loans held-for-sale 1,875,000,000   1,969,000,000      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 2,180,000,000   3,731,000,000      
Long-term debt 24,481,000,000   34,256,000,000      
Total liabilities 27,043,000,000   38,347,000,000      
Consolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 42,509,000,000 [1]   46,959,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Trading account assets 927,000,000   0      
Other Assets 478,000,000   972,000,000      
Total assets 42,516,000,000   46,959,000,000      
Loans and leases 41,114,000,000   45,991,000,000      
Allowance for loan and lease losses (3,000,000)   (4,000,000)      
Loans held-for-sale 0   0      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 0   0      
Long-term debt 7,000,000   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 102,000,000 [1]   104,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Other Assets 0   10,000,000      
Total assets 247,000,000   293,000,000      
Loans and leases 247,000,000   283,000,000      
Allowance for loan and lease losses 0   0      
Loans held-for-sale 0   0      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 0   0      
Long-term debt 168,000,000   212,000,000      
Total liabilities 168,000,000   212,000,000      
Consolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 389,000,000 [1]   390,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Other Assets 4,000,000   91,000,000      
Total assets 1,575,000,000   1,727,000,000      
Loans and leases 811,000,000   722,000,000      
Allowance for loan and lease losses 0   0      
Loans held-for-sale 760,000,000   914,000,000      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 762,000,000   741,000,000      
Long-term debt 804,000,000   941,000,000      
Total liabilities 1,566,000,000   1,682,000,000      
Consolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0 [1]   0 [1]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Other Assets 0   0      
Total assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
Loans held-for-sale 0   0      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 0   0      
Long-term debt 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 [1]   0 [1]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Other Assets 0   0      
Total assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
Loans held-for-sale 0   0      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 0   0      
Long-term debt 0   0      
Total liabilities 0   0      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 976,000,000 [2]   619,000,000 [2]      
AFS Debt Securities 19,825,000,000 [2]   26,421,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   16,000,000 [2]      
AFS Debt Securities 1,088,000,000 [2]   1,388,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 8,000,000 [2]   14,000,000 [2]      
AFS Debt Securities 219,000,000 [2]   210,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 1,000,000 [2]   0 [2]      
AFS Debt Securities 119,000,000 [2]   128,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 18,000,000 [2]   12,000,000 [2]      
AFS Debt Securities 359,000,000 [2]   581,000,000 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   0 [2]      
AFS Debt Securities 0 [2]   0 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   0 [2]      
AFS Debt Securities 17,000,000 [2]   21,000,000 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 7,000,000 [2]   3,000,000 [2]      
AFS Debt Securities 7,000,000 [2]   9,000,000 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   0 [2]      
AFS Debt Securities 0 [2]   0 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 18,000,000 [2]   13,000,000 [2]      
AFS Debt Securities $ 0 [2]   $ 0 [2]      
[1] 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 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 and nine months ended September 30, 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 $2.3 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 $2.3 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 September 30, 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.