Fair Value Measurements (Tables)

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Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value Assets and liabilities measured on Recurring basis	Assets and liabilities carried at fair value on a recurring basis at March 31, 2014 and December 31, 2013, including financial instruments which the Corporation accounts for under the fair value option, are summarized in the following tables.   March 31, 2014   Fair Value Measurements         (Dollars in millions) Level 1 (1)   Level 2 (1)   Level 3   Netting Adjustments (2)   Assets/Liabilities at Fair Value Assets                   Federal funds sold and securities borrowed or purchased under agreements to resell $ —   $ 68,091   $ —   $ —   $ 68,091 Trading account assets:                   U.S. government and agency securities (3) 34,181   19,819   —   —   54,000 Corporate securities, trading loans and other 1,132   29,886   2,617   —   33,635 Equity securities 32,732   20,587   343   —   53,662 Non-U.S. sovereign debt 28,641   11,369   533   —   40,543 Mortgage trading loans and ABS —   9,822   4,287   —   14,109 Total trading account assets 96,686   91,483   7,780   —   195,949 Derivative assets (4) 2,094   815,234   6,908   (778,934 )   45,302 AFS debt securities:                   U.S. Treasury and agency securities 27,293   2,274   —   —   29,567 Mortgage-backed securities:                   Agency —   165,747   —   —   165,747 Agency-collateralized mortgage obligations —   18,572   —   —   18,572 Non-agency residential —   5,258   —   —   5,258 Commercial —   1,734   —   —   1,734 Non-U.S. securities 3,738   3,384   —   —   7,122 Corporate/Agency bonds —   845   —   —   845 Other taxable securities 20   11,265   3,437   —   14,722 Tax-exempt securities —   5,631   783   —   6,414 Total AFS debt securities 31,051   214,710   4,220   —   249,981 Other debt securities carried at fair value:                   U.S. Treasury and agency securities 4,182   —   —   —   4,182 Mortgage-backed securities:                   Agency —   16,290   —   —   16,290 Agency-collateralized mortgage obligations —   123   —   —   123 Commercial —   770   —   —   770 Non-U.S. securities 12,779   1,451   —   —   14,230 Total other debt securities carried at fair value 16,961   18,634   —   —   35,595 Loans and leases —   8,010   3,053   —   11,063 Mortgage servicing rights —   —   4,765   —   4,765 Loans held-for-sale —   5,436   736   —   6,172 Other assets 15,567   2,482   1,132   —   19,181 Total assets $ 162,359   $ 1,224,080   $ 28,594   $ (778,934 )   $ 636,099 Liabilities                   Interest-bearing deposits in U.S. offices $ —   $ 1,835   $ —   $ —   $ 1,835 Federal funds purchased and securities loaned or sold under agreements to repurchase —   34,044   —   —   34,044 Trading account liabilities:                   U.S. government and agency securities 23,733   418   —   —   24,151 Equity securities 28,675   4,170   —   —   32,845 Non-U.S. sovereign debt 22,324   1,860   —   —   24,184 Corporate securities and other 781   7,079   36   —   7,896 Total trading account liabilities 75,513   13,527   36   —   89,076 Derivative liabilities (4) 2,529   799,499   7,483   (772,600 )   36,911 Short-term borrowings —   2,305   —   —   2,305 Accrued expenses and other liabilities 11,004   1,692   8   —   12,704 Long-term debt —   43,732   1,841   —   45,573 Total liabilities $ 89,046   $ 896,634   $ 9,368   $ (772,600 )   $ 222,448 (1)  During the three months ended March 31, 2014, gross transfers between Level 1 and Level 2 were not significant. (2)  Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (3)  Includes $25.2 billion of government-sponsored enterprise obligations. (4)  For further disaggregation of derivative assets and liabilities, see Note 2 – Derivatives.   December 31, 2013   Fair Value Measurements         (Dollars in millions) Level 1 (1)   Level 2 (1)   Level 3   Netting Adjustments (2)   Assets/Liabilities at Fair Value Assets                   Federal funds sold and securities borrowed or purchased under agreements to resell $ —   $ 75,614   $ —   $ —   $ 75,614 Trading account assets:                   U.S. government and agency securities (3) 34,222   14,625   —   —   48,847 Corporate securities, trading loans and other 1,147   27,746   3,559   —   32,452 Equity securities 41,324   22,741   386   —   64,451 Non-U.S. sovereign debt 24,357   12,399   468   —   37,224 Mortgage trading loans and ABS —   13,388   4,631   —   18,019 Total trading account assets 101,050   90,899   9,044   —   200,993 Derivative assets (4) 2,374   910,602   7,277   (872,758 )   47,495 AFS debt securities:                   U.S. Treasury and agency securities 6,591   2,363   —   —   8,954 Mortgage-backed securities:                   Agency —   164,935   —   —   164,935 Agency-collateralized mortgage obligations —   22,492   —   —   22,492 Non-agency residential —   6,239   —   —   6,239 Commercial —   2,480   —   —   2,480 Non-U.S. securities 3,698   3,415   107   —   7,220 Corporate/Agency bonds —   873   —   —   873 Other taxable securities 20   12,963   3,847   —   16,830 Tax-exempt securities —   5,122   806   —   5,928 Total AFS debt securities 10,309   220,882   4,760   —   235,951 Other debt securities carried at fair value:                   U.S. Treasury and agency securities 4,062   —   —   —   4,062 Mortgage-backed securities:                   Agency —   16,500   —   —   16,500 Agency-collateralized mortgage obligations —   218   —   —   218 Commercial —   749   —   —   749 Non-U.S. securities 7,457   3,858   —   —   11,315 Total other debt securities carried at fair value 11,519   21,325   —   —   32,844 Loans and leases —   6,985   3,057   —   10,042 Mortgage servicing rights —   —   5,042   —   5,042 Loans held-for-sale —   5,727   929   —   6,656 Other assets 14,474   1,912   1,669   —   18,055 Total assets $ 139,726   $ 1,333,946   $ 31,778   $ (872,758 )   $ 632,692 Liabilities                   Interest-bearing deposits in U.S. offices $ —   $ 1,899   $ —   $ —   $ 1,899 Federal funds purchased and securities loaned or sold under agreements to repurchase —   33,684   —   —   33,684 Trading account liabilities:                   U.S. government and agency securities 26,915   348   —   —   27,263 Equity securities 23,874   3,711   —   —   27,585 Non-U.S. sovereign debt 20,755   1,387   —   —   22,142 Corporate securities and other 518   5,926   35   —   6,479 Total trading account liabilities 72,062   11,372   35   —   83,469 Derivative liabilities (4) 1,968   897,107   7,301   (868,969 )   37,407 Short-term borrowings —   1,520   —   —   1,520 Accrued expenses and other liabilities 10,130   1,093   10   —   11,233 Long-term debt —   45,045   1,990   —   47,035 Total liabilities $ 84,160   $ 991,720   $ 9,336   $ (868,969 )   $ 216,247 (1)  During 2013, $500 million of other assets were transferred from Level 1 to Level 2 primarily due to a restriction that became effective for a private equity investment that was subsequently sold once the restriction was lifted. (2)  Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (3)  Includes $17.2 billion of government-sponsored enterprise obligations. (4)  For further disaggregation of derivative assets and liabilities, see Note 2 – Derivatives.
Level 3 Total Realized and Unrealized Gains (Losses) Included in Earnings	The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2014 and 2013, including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Level 3 – Fair Value Measurements (1)   Three Months Ended March 31, 2014         Gross       (Dollars in millions) Balance January 1 2014 Gains (Losses) in Earnings Gains (Losses) in OCI Purchases Sales Issuances Settlements Gross Transfers into Level 3 Gross Transfers out of Level 3 Balance March 31 2014 Trading account assets:                     Corporate securities, trading loans and other $ 3,559 $ 122 $ — $ 286 $ (354 ) $ — $ (238 ) $ 148 $ (906 ) $ 2,617 Equity securities 386 19 — 30 (29 ) — — 7 (70 ) 343 Non-U.S. sovereign debt 468 55 — 23 (6 ) — (6 ) — (1 ) 533 Mortgage trading loans and ABS 4,631 78 — 366 (552 ) — (224 ) — (12 ) 4,287 Total trading account assets 9,044 274 — 705 (941 ) — (468 ) 155 (989 ) 7,780 Net derivative assets (2) (24 ) 5 — 125 (618 ) — (101 ) 12 26 (575 ) AFS debt securities:                     Non-U.S. securities 107 — — — — — (107 ) — — — Other taxable securities 3,847 8 (2 ) 47 — — (463 ) — — 3,437 Tax-exempt securities 806 1 1 — — — (25 ) — — 783 Total AFS debt securities 4,760 9 (1 ) 47 — — (595 ) — — 4,220 Loans and leases (3, 4) 3,057 32 — — (3 ) 689 (723 ) 6 (5 ) 3,053 Mortgage servicing rights (4) 5,042 (290 ) — — (20 ) 265 (232 ) — — 4,765 Loans held-for-sale (3) 929 12 — — (3 ) — (201 ) — (1 ) 736 Other assets (5) 1,669 (60 ) — — (269 ) — (208 ) — — 1,132 Trading account liabilities – Corporate securities and other (35 ) 1 — 3 (7 ) — — — 2 (36 ) Accrued expenses and other liabilities (3) (10 ) 1 — — — — — — 1 (8 ) Long-term debt (3) (1,990 ) (67 ) — 46 — (9 ) 119 (144 ) 204 (1,841 ) (1)  Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2)  Net derivatives include derivative assets of $6.9 billion and derivative liabilities of $7.5 billion. (3)  Amounts represent instruments that are accounted for under the fair value option. (4)  Issuances represent loan originations and mortgage servicing rights retained following securitizations or whole-loan sales. (5)  Other assets is primarily comprised of private equity investments and certain long-term fixed-rate margin loans that are accounted for under the fair value option. Level 3 – Fair Value Measurements (1)   Three Months Ended March 31, 2013         Gross       (Dollars in millions) Balance January 1 2013 Gains (Losses) in Earnings Gains (Losses) in OCI Purchases Sales Issuances Settlements Gross Transfers into Level 3 Gross Transfers out of Level 3 Balance March 31 2013 Trading account assets:                     Corporate securities, trading loans and other $ 3,726 $ 88 $ — $ 805 $ (966 ) $ — $ (140 ) $ 218 $ (124 ) $ 3,607 Equity securities 545 42 — 29 (109 ) — — 8 (18 ) 497 Non-U.S. sovereign debt 353 51 — 15 (1 ) — — — (1 ) 417 Mortgage trading loans and ABS 4,935 162 — 653 (643 ) — (631 ) 5 (1 ) 4,480 Total trading account assets 9,559 343 — 1,502 (1,719 ) — (771 ) 231 (144 ) 9,001 Net derivative assets (2) 1,468 293 — 179 (466 ) — (660 ) 52 197 1,063 AFS debt securities:                     Non-agency commercial MBS 10 — — — — — — — — 10 Non-U.S securities — — — 1 — — — — — 1 Corporate/Agency bonds 92 — 4 — — — — — — 96 Other taxable securities 3,928 — 2 243 — — (128 ) — — 4,045 Tax-exempt securities 1,061 1 3 — — — (24 ) — — 1,041 Total AFS debt securities 5,091 1 9 244 — — (152 ) — — 5,193 Loans and leases (3, 4) 2,287 51 — 71 — 5 (41 ) — (10 ) 2,363 Mortgage servicing rights (4) 5,716 434 — — (183 ) 123 (314 ) — — 5,776 Loans held-for-sale (3) 2,733 (39 ) — — (210 ) — (101 ) 22 — 2,405 Other assets (5) 3,129 (448 ) — 17 (27 ) — (42 ) — — 2,629 Trading account liabilities – Corporate securities and other (64 ) — — 7 (14 ) — — (8 ) 21 (58 ) Accrued expenses and other liabilities (3) (15 ) 29 — — — (586 ) 116 — 1 (455 ) Long-term debt (3) (2,301 ) 11 — 89 (4 ) (36 ) 60 (381 ) 207 (2,355 ) (1)  Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2)  Net derivatives include derivative assets of $8.0 billion and derivative liabilities of $6.9 billion. (3)  Amounts represent instruments that are accounted for under the fair value option. (4)  Issuances represent loan originations and mortgage servicing rights retained following securitizations or whole-loan sales. (5)  Other assets is primarily comprised of net monoline exposure to a single counterparty and private equity investments.
Level 3 Changes in Unrealized Gains (Losses) Relating to Assets and Liabilities Still Held at Reporting Date	The table below summarizes changes in unrealized gains (losses) recorded in earnings during the three months ended March 31, 2014 and 2013 for Level 3 assets and liabilities that were still held at March 31, 2014 and 2013. These amounts include changes in fair value on loans, LHFS, loan commitments and structured liabilities that are accounted for under the fair value option. Level 3 – Changes in Unrealized Gains (Losses) Relating to Assets and Liabilities Still Held at Reporting Date   Three Months Ended March 31, 2014 (Dollars in millions) Trading Account Profits (Losses)   Mortgage Banking Income (Loss) (1)   Other (2)   Total Trading account assets:               Corporate securities, trading loans and other $ 111   $ —   $ —   $ 111 Equity securities 17   —   —   17 Non-U.S. sovereign debt 55   —   —   55 Mortgage trading loans and ABS 16   —   —   16 Total trading account assets 199   —   —   199 Net derivative assets (212 )   44   —   (168 ) Loans and leases (3) —   —   28   28 Mortgage servicing rights (5 )   (468 )   —   (473 ) Loans held-for-sale (3) —   —   4   4 Other assets —   (28 )   6   (22 ) Trading account liabilities – Corporate securities and other 1   —   —   1 Accrued expenses and other liabilities (3) —   —   1   1 Long-term debt (3) (53 )   —   (14 )   (67 ) Total $ (70 )   $ (452 )   $ 25   $ (497 )                   Three Months Ended March 31, 2013 Trading account assets:               Corporate securities, trading loans and other $ 48   $ —   $ —   $ 48 Equity securities 33   —   —   33 Non-U.S. sovereign debt 51   —   —   51 Mortgage trading loans and ABS 89   —   —   89 Total trading account assets 221   —   —   221 Net derivative assets (169 )   246   —   77 Loans and leases (3) —   —   43   43 Mortgage servicing rights —   336   —   336 Loans held-for-sale (3) —   10   (52 )   (42 ) Other assets —   12   (462 )   (450 ) Accrued expenses and other liabilities (3) —   25   —   25 Long-term debt (3) 21   —   (11 )   10 Total $ 73   $ 629   $ (482 )   $ 220 (1)  Mortgage banking income does not reflect the impact of Level 1 and Level 2 hedges on MSRs. (2)  Amounts included are primarily recorded in other income (loss). Equity investment gains of $9 million and losses of $15 million recorded on other assets were also included for the three months ended March 31, 2014 and 2013. (3)  Amounts represent instruments that are accounted for under the fair value option.
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis	The amounts below represent only balances measured at fair value during the three months ended March 31, 2014 and 2013, and still held as of the reporting date. Assets Measured at Fair Value on a Nonrecurring Basis   March 31, 2014   Three Months Ended March 31, 2014 (Dollars in millions) Level 2   Level 3   Gains (Losses) Assets           Loans held-for-sale $ 4,325   $ 104   $ (3 ) Loans and leases 17   1,733   (330 ) Foreclosed properties (1) 4   1,179   (14 ) Other assets 77   —   —               March 31, 2013   Three Months Ended March 31, 2013 Assets           Loans held-for-sale $ 3,902   $ 795   $ (96 ) Loans and leases 20   3,619   (640 ) Foreclosed properties (1) 48   1,981   (19 ) Other assets 65   12   (6 ) (1)  Amounts are included in other assets on the Consolidated Balance Sheet and represent fair value of, and related losses on, foreclosed properties that were written down subsequent to their initial classification as foreclosed properties.
Fair Value Inputs, Assets and Liabilities, Quantitative Information	The following tables present information about significant unobservable inputs related to the Corporation's material categories of Level 3 financial assets and liabilities at March 31, 2014 and December 31, 2013. Quantitative Information about Level 3 Fair Value Measurements at March 31, 2014   (Dollars in millions)     Inputs Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted Average Loans and Securities (1)           Instruments backed by residential real estate assets $ 3,864 Discounted cash flow, Market comparables Yield 1% to 25% 6  % Trading account assets – Mortgage trading loans and ABS 326 Prepayment speed 0% to 35% CPR 9  % Loans and leases 2,802 Default rate 1% to 15% CDR 6  % Loans held-for-sale 736 Loss severity 21% to 80% 33  % Commercial loans, debt securities and other $ 10,027 Discounted cash flow, Market comparables Yield 0% to 40% 4  % Trading account assets – Corporate securities, trading loans and other 2,488 Enterprise value/EBITDA multiple 1x to 31x 8x Trading account assets – Non-U.S. sovereign debt 533 Prepayment speed 5% to 40% 19  % Trading account assets – Mortgage trading loans and ABS 3,961 Default rate 1% to 5% 4  % AFS debt securities – Other taxable securities 2,794 Loss severity 25% to 42% 36  % Loans and leases 251 Duration 0 years to 5 years 4 years Auction rate securities $ 1,555 Discounted cash flow, Market comparables Projected tender price/Refinancing level 60% to 100% 96  % Trading account assets – Corporate securities, trading loans and other 129     AFS debt securities – Other taxable securities 643       AFS debt securities – Tax-exempt securities 783       Structured liabilities           Long-term debt $ (1,841 ) Industry standard derivative pricing (2, 3) Equity correlation 22% to 98% 68  %     Long-dated equity volatilities 6% to 58% 22  %     Long-dated volatilities (IR) 0% to 2% 1  % Net derivatives assets           Credit derivatives $ 529 Discounted cash flow, Stochastic recovery correlation model Yield 0% to 25% 15  %     Upfront points 1 point to 100 points 61 points     Spread to index 0 bps to 475 bps 97 bps     Credit correlation 24% to 99% 51  %     Prepayment speed 3% to 40% CPR 14  %     Default rate 1% to 5% CDR 3  %     Loss severity 20% to 42% 35  % Equity derivatives $ (1,782 ) Industry standard derivative pricing (2) Equity correlation 22% to 98% 68 %     Long-dated equity volatilities 6% to 58% 22 % Commodity derivatives $ 48 Discounted cash flow, Industry standard derivative pricing (2) Natural gas forward price $3/MMBtu to $8/MMBtu $5/MMBtu     Correlation 47% to 89% 81  %     Volatilities 11% to 111% 29  % Interest rate derivatives $ 630 Industry standard derivative pricing (3) Correlation (IR/IR) 20% to 99% 60  %     Correlation (FX/IR) -30% to 40% -5  %     Long-dated inflation rates 0% to 3% 2  %     Long-dated inflation volatilities 0% to 2% 1  % Total net derivative assets $ (575 )         (1)  The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 213: Trading account assets – Corporate securities, trading loans and other of $2.6 billion, Trading account assets – Non-U.S. sovereign debt of $533 million, Trading account assets – Mortgage trading loans and ABS of $4.3 billion, AFS debt securities – Other taxable securities of $3.4 billion, AFS debt securities – Tax-exempt securities of $783 million, Loans and leases of $3.1 billion and LHFS of $736 million. (2)  Includes models such as Monte Carlo simulation and Black-Scholes. (3)  Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. CPR = Constant Prepayment Rate CDR = Constant Default Rate EBITDA = Earnings before interest, taxes, depreciation and amortization MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange Quantitative Information about Level 3 Fair Value Measurements at December 31, 2013   (Dollars in millions)     Inputs Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted Average Loans and Securities (1)           Instruments backed by residential real estate assets $ 3,443 Discounted cash flow, Market comparables Yield 2% to 25% 6  % Trading account assets – Mortgage trading loans and ABS 363 Prepayment speed 0% to 35% CPR 9  % Loans and leases 2,151 Default rate 1% to 20% CDR 6  % Loans held-for-sale 929 Loss severity 21% to 80% 35  % Commercial loans, debt securities and other $ 12,135 Discounted cash flow, Market comparables Yield 0% to 45% 5  % Trading account assets – Corporate securities, trading loans and other 3,462 Enterprise value/EBITDA multiple 0x to 24x 7x Trading account assets – Non-U.S. sovereign debt 468 Prepayment speed 5% to 40% 19  % Trading account assets – Mortgage trading loans and ABS 4,268 Default rate 1% to 5% 4  % AFS debt securities – Other taxable securities 3,031 Loss severity 25% to 42% 36  % Loans and leases 906 Duration 1 year to 5 years 4 years Auction rate securities $ 1,719 Discounted cash flow, Market comparables Project tender price/Refinancing level 60% to 100% 96  % Trading account assets – Corporate securities, trading loans and other 97     AFS debt securities – Other taxable securities 816       AFS debt securities – Tax-exempt securities 806       Structured liabilities           Long-term debt  $ (1,990 ) Industry standard derivative pricing (2, 3) Equity correlation 18% to 98% 70  %     Long-dated equity volatilities 4% to 63% 27  %     Long-dated volatilities (IR) 0% to 2% 1  % Net derivatives assets           Credit derivatives $ 1,008 Discounted cash flow, Stochastic recovery correlation model Yield 3% to 25% 14  %     Upfront points 0 points to 100 points 63 points     Spread to index -1,407 bps to 1,741 bps 91 bps     Credit correlation 14% to 99% 47  %     Prepayment speed 3% to 40% CPR 13  %     Default rate 1% to 5% CDR 3  %     Loss severity 20% to 42% 35  % Equity derivatives $ (1,596 ) Industry standard derivative pricing (2) Equity correlation 18% to 98% 70  %     Long-dated equity volatilities 4% to 63% 27  % Commodity derivatives $ 6 Discounted cash flow, Industry standard derivative pricing (2) Natural gas forward price $3/MMBtu to $11/MMBtu $6/MMBtu     Correlation 47% to 89% 81  %     Volatilities 9% to 109% 30  % Interest rate derivatives $ 558 Industry standard derivative pricing (3) Correlation (IR/IR) 24% to 99% 60  %     Correlation (FX/IR) -30% to 40% -4  %     Long-dated inflation rates 0% to 3% 2  %     Long-dated inflation volatilities 0% to 2% 1  % Total net derivative assets $ (24 )         (1) The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 214: Trading account assets – Corporate securities, trading loans and other of $3.6 billion, Trading account assets – Non-U.S. sovereign debt of $468 million, Trading account assets – Mortgage trading loans and ABS of $4.6 billion, AFS debt securities – Other taxable securities of $3.8 billion, AFS debt securities – Tax-exempt securities of $806 million, Loans and leases of $3.1 billion and LHFS of $929 million. (2)  Includes models such as Monte Carlo simulation and Black-Scholes. (3)  Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. CPR = Constant Prepayment Rate CDR = Constant Default Rate EBITDA = Earnings before interest, taxes, depreciation and amortization MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange
Fair Value Inputs, Assets, Quantitative Information	The table below presents information about significant unobservable inputs related to the Corporation's nonrecurring Level 3 financial assets and liabilities at March 31, 2014 and December 31, 2013. Quantitative Information about Nonrecurring Level 3 Fair Value Measurements         March 31, 2014 (Dollars in millions)     Inputs Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted Average Instruments backed by residential real estate assets $ 1,733 Market comparables OREO discount 0% to 25% 10 % Loans and leases 1,733 Cost to sell 8% n/a   December 31, 2013 Instruments backed by residential real estate assets $ 5,240 Market comparables OREO discount 0% to 19% 8 % Loans and leases 5,240 Cost to sell 8% n/a n/a = not applicable
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Total Realized and Unrealized Gains (Losses) Included in Earnings	The table below summarizes gains (losses) due to changes in fair value, including both realized and unrealized gains (losses), recorded in earnings for Level 3 assets and liabilities during the three months ended March 31, 2014 and 2013. These amounts include gains (losses) on loans, LHFS, loan commitments and structured liabilities that are accounted for under the fair value option. Level 3 – Total Realized and Unrealized Gains (Losses) Included in Earnings   Three Months Ended March 31, 2014 (Dollars in millions) Trading Account Profits (Losses)   Mortgage Banking Income (Loss) (1)   Other (2)   Total Trading account assets:               Corporate securities, trading loans and other $ 122   $ —   $ —   $ 122 Equity securities 19   —   —   19 Non-U.S. sovereign debt 55   —   —   55 Mortgage trading loans and ABS 78   —   —   78 Total trading account assets 274   —   —   274 Net derivative assets (168 )   173   —   5 AFS debt securities:               Other taxable securities —   —   8   8 Tax-exempt securities —   —   1   1 Total AFS debt securities —   —   9   9 Loans and leases (3) —   —   32   32 Mortgage servicing rights (5 )   (285 )   —   (290 ) Loans held-for-sale (3) —   —   12   12 Other assets —   (36 )   (24 )   (60 ) Trading account liabilities – Corporate securities and other 1   —   —   1 Accrued expenses and other liabilities (3) —   —   1   1 Long-term debt (3) (53 )   —   (14 )   (67 ) Total $ 49   $ (148 )   $ 16   $ (83 )                   Three Months Ended March 31, 2013 Trading account assets:               Corporate securities, trading loans and other $ 88   $ —   $ —   $ 88 Equity securities 42   —   —   42 Non-U.S. sovereign debt 51   —   —   51 Mortgage trading loans and ABS 162   —   —   162 Total trading account assets 343   —   —   343 Net derivative assets (114 )   407   —   293 AFS debt securities – Tax-exempt securities —   —   1   1 Loans and leases (3) —   —   51   51 Mortgage servicing rights —   434   —   434 Loans held-for-sale (3) —   4   (43 )   (39 ) Other assets —   (3 )   (445 )   (448 ) Accrued expenses and other liabilities (3) —   29   —   29 Long-term debt (3) 22   —   (11 )   11 Total $ 251   $ 871   $ (447 )   $ 675 (1)  Mortgage banking income (loss) does not reflect the impact of Level 1 and Level 2 hedges on MSRs. (2)  Amounts included are primarily recorded in other income (loss). Equity investment losses of $23 million and gains of $2 million recorded on other assets were also included for the three months ended March 31, 2014 and 2013. (3)  Amounts represent instruments that are accounted for under the fair value option.