Quarterly report pursuant to Section 13 or 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
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Financing Receivable, Modifications [Line Items]        
Carrying Value $ 153 $ 161 $ 303 $ 307
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, No Longer Held     545 410
Residential Mortgage [Member]
        
Financing Receivable, Modifications [Line Items]        
Troubled Debt Restructurings Unpaid Principal Balance 1,677 [1] 3,988 [1] 2,873 [1] 8,843 [1]
Carrying Value 1,475 [1] 3,518 [1] 2,513 [1] 7,798 [1]
Troubled Debt Restructurings Pre Modification Interest Rate 5.07% [1] 5.29% [1] 5.09% [1] 5.38% [1]
Troubled Debt Restructuring Post Modification Interest Rate 4.69% [1] 4.56% [1] 4.59% [1] 4.55% [1]
Troubled Debt Restructuring Net Charge Offs 24 [1],[2] 78 [1],[2] 41 [1],[2] 117 [1],[2]
Troubled Debt Restructuring Modifications, Principal Forgiveness 22 125 39 344
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 1,058 1,880 2,384 3,245
Residential Mortgage [Member] | Government Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 315 198 536 842
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 186 68 344 158
Residential Mortgage [Member] | Government Modifications [Member] | Contractual Interest Rate Reduction [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 262 187 456 779
Residential Mortgage [Member] | Government Modifications [Member] | Principal and/or Interest Forbearance [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 1 2 10 16
Residential Mortgage [Member] | Government Modifications [Member] | Other Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 52 [3] 9 [3] 70 [3] 47 [3]
Residential Mortgage [Member] | Proprietary Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 77 1,126 255 2,747
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 203 264 475 546
Residential Mortgage [Member] | Proprietary Modifications [Member] | Contractual Interest Rate Reduction [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 53 896 161 2,299
Residential Mortgage [Member] | Proprietary Modifications [Member] | Capitlization Of Past Due Amounts [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 5 26 31 57
Residential Mortgage [Member] | Proprietary Modifications [Member] | Principal and/or Interest Forbearance [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 15 100 41 264
Residential Mortgage [Member] | Proprietary Modifications [Member] | Other Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 4 [3] 104 [3] 22 [3] 127 [3]
Residential Mortgage [Member] | Loans Discharged in Chapter Seven Bankruptcy [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 166 [4] 383 [4]    
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 153 [4] 163 [4] 274 [4] 604 [4]
Residential Mortgage [Member] | Trial Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 917 1,811 1,389 3,301
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 516 1,385 1,291 1,937
Home Equity [Member]
        
Financing Receivable, Modifications [Line Items]        
Troubled Debt Restructurings Unpaid Principal Balance 236 [1] 268 [1] 420 [1] 519 [1]
Carrying Value 163 [1] 169 [1] 281 [1] 306 [1]
Troubled Debt Restructurings Pre Modification Interest Rate 3.97% [1] 6.23% [1] 4.17% [1] 5.83% [1]
Troubled Debt Restructuring Post Modification Interest Rate 3.58% [1] 5.20% [1] 3.47% [1] 4.59% [1]
Troubled Debt Restructuring Net Charge Offs 29 [1],[2] 45 [1],[2] 44 [1],[2] 109 [1],[2]
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 60 7 65 35
Home Equity [Member] | Government Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 14 20 44 38
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 1    2 2
Home Equity [Member] | Government Modifications [Member] | Contractual Interest Rate Reduction [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 11 14 33 25
Home Equity [Member] | Government Modifications [Member] | Principal and/or Interest Forbearance [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 3 6 11 13
Home Equity [Member] | Government Modifications [Member] | Other Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value      [3]    
Home Equity [Member] | Proprietary Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 7 7 21 45
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 3 1 3 4
Home Equity [Member] | Proprietary Modifications [Member] | Contractual Interest Rate Reduction [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 4 4 8 31
Home Equity [Member] | Proprietary Modifications [Member] | Capitlization Of Past Due Amounts [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value      1  
Home Equity [Member] | Proprietary Modifications [Member] | Principal and/or Interest Forbearance [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 3 3 8 8
Home Equity [Member] | Proprietary Modifications [Member] | Other Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 0 [3] 0 [3] 4 [3] 6 [3]
Home Equity [Member] | Loans Discharged in Chapter Seven Bankruptcy [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 48 [4] 106 [4]    
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 41 [4] 5 [4] 42 [4] 24 [4]
Home Equity [Member] | Trial Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 94 36 115 49
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 15 1 18 5
Home Loans [Member]
        
Financing Receivable, Modifications [Line Items]        
Troubled Debt Restructurings Unpaid Principal Balance 1,913 [1] 4,256 [1] 3,293 [1] 9,362 [1]
Carrying Value 1,638 [1] 3,687 [1] 2,794 [1] 8,104 [1]
Troubled Debt Restructurings Pre Modification Interest Rate 4.94% [1] 5.35% [1] 4.98% [1] 5.41% [1]
Troubled Debt Restructuring Post Modification Interest Rate 4.55% [1] 4.60% [1] 4.45% [1] 4.55% [1]
Troubled Debt Restructuring Net Charge Offs 53 [1],[2] 123 [1],[2] 85 [1],[2] 226 [1],[2]
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 1,118 [5] 1,887 [5] 2,449 [5] 3,280 [5]
Home Loans [Member] | Government Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 329 218 580 880
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 187 [5] 68 [5] 346 [5] 160 [5]
Home Loans [Member] | Government Modifications [Member] | Contractual Interest Rate Reduction [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 273 201 489 804
Home Loans [Member] | Government Modifications [Member] | Principal and/or Interest Forbearance [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 4 8 21 29
Home Loans [Member] | Government Modifications [Member] | Other Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 52 [3] 9 [3] 70 [3] 47 [3]
Home Loans [Member] | Proprietary Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 84 1,133 276 2,792
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 206 [5] 265 [5] 478 [5] 550 [5]
Home Loans [Member] | Proprietary Modifications [Member] | Contractual Interest Rate Reduction [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 57 900 169 2,330
Home Loans [Member] | Proprietary Modifications [Member] | Capitlization Of Past Due Amounts [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 5 26 32 57
Home Loans [Member] | Proprietary Modifications [Member] | Principal and/or Interest Forbearance [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 18 103 49 272
Home Loans [Member] | Proprietary Modifications [Member] | Other Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 4 [3] 104 [3] 26 [3] 133 [3]
Home Loans [Member] | Loans Discharged in Chapter Seven Bankruptcy [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 214 [4] 489 [4]    
Financing Receivable, Modifications, Subsequent Default, Recorded Investment 194 [4],[5] 168 [4],[5] 316 [4],[5] 628 [4],[5]
Home Loans [Member] | Trial Modifications [Member]
        
Financing Receivable, Modifications [Line Items]        
Carrying Value 1,011 1,847 1,504 3,350
Financing Receivable, Modifications, Subsequent Default, Recorded Investment $ 531 [5] $ 1,386 [5] $ 1,309 [5] $ 1,942 [5]
[1] TDRs entered into during the three and six months ended June 30, 2014 include residential mortgage modifications with principal forgiveness of $22 million and $39 million. TDRs entered into during the three and six months ended June 30, 2013 include residential mortgage modifications with principal forgiveness of $125 million and $344 million.
[2] Net charge-offs include amounts recorded on loans modified during the period that are no longer held by the Corporation at June 30, 2014 and 2013 due to sales and other dispositions.
[3] Includes other modifications such as term or payment extensions and repayment plans.
[4] Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
[5] Total carrying value includes loans with a carrying value of $545 million and $410 million that entered into payment default during the six months ended June 30, 2014 and 2013 but were no longer held by the Corporation as of June 30, 2014 and 2013 due to sales and other dispositions.