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 $)
In Millions, unless otherwise specified
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
On Balance Sheet Assets [Abstract]            
Held-to-maturity securities $ 60,022 [1]   $ 55,150      
Loans and leases 911,899   928,233      
Allowance for loan and lease losses (15,811) (16,618) (17,428) (21,235) (22,441) (24,179)
All other Assets 121,651   124,090      
Total assets 2,170,557 [2]   2,102,273 [2] 2,123,320 [2]    
On Balance Sheet Liabilities [Abstract]            
Long-term debt 257,071   249,674      
Total liabilities 1,933,146   1,869,588      
In Text Details [Abstract]            
Unpaid principal balance of mortgage loans eligible for repurchase 999   1,600      
Principal amount that would be payable to the securitization vehicles (999)   (1,600)      
Unconsolidated VIEs [Member] | Agency MBS [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 12,611 [3]   21,140 [3]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0   0      
All other Assets 25 [4]   27 [4]      
Total assets 12,611   21,140      
Principal balance outstanding 417,123 [5]   437,765 [5]      
Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 1,446 [3]   1,527 [3]      
On Balance Sheet Assets [Abstract]            
Residual interests held 27   13      
All other Assets 56 [4]   71 [4]      
Total assets 1,032   1,087      
Principal balance outstanding 23,564 [5]   25,104 [5]      
Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 2,905 [3]   591 [3]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0   0      
All other Assets 1 [4]   1 [4]      
Total assets 2,553   236      
Principal balance outstanding 35,790 [5]   36,854 [5]      
Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 699 [3]   437 [3]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0   0      
All other Assets 268 [4]   325 [4]      
Total assets 699   437      
Principal balance outstanding 53,870 [5]   56,454 [5]      
Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 341 [3]   432 [3]      
On Balance Sheet Assets [Abstract]            
Residual interests held 53   16      
All other Assets 0 [4]   0 [4]      
Total assets 314   402      
Principal balance outstanding 22,978 [5]   19,730 [5]      
Consolidated VIEs [Member]
            
On Balance Sheet Assets [Abstract]            
Loans and leases 102,799   109,118      
Allowance for loan and lease losses (2,326)   (2,674)      
All other Assets 3,946   4,577      
Total assets 112,281   121,002      
On Balance Sheet Liabilities [Abstract]            
Long-term debt 16,333   19,448      
All other liabilities 93   253      
Total liabilities 17,353   20,851      
Consolidated VIEs [Member] | Agency MBS [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 39,795 [3]   42,420 [3]      
On Balance Sheet Assets [Abstract]            
Trading account assets 727   1,640      
Loans and leases 38,427   40,316      
Allowance for loan and lease losses (2)   (3)      
All other Assets 649   474      
Total assets 39,801   42,427      
On Balance Sheet Liabilities [Abstract]            
Long-term debt 6   7      
All other liabilities 0   0      
Total liabilities 6   7      
Consolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 77 [3]   79 [3]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Loans and leases 138   140      
Allowance for loan and lease losses 0   0      
All other Assets 1   0      
Total assets 139   140      
On Balance Sheet Liabilities [Abstract]            
Long-term debt 59   61      
All other liabilities 3   0      
Total liabilities 62   61      
Consolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 181 [3]   183 [3]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Loans and leases 796   803      
Allowance for loan and lease losses 0   0      
All other Assets 10   7      
Total assets 806   810      
On Balance Sheet Liabilities [Abstract]            
Long-term debt 795   803      
All other liabilities 11   7      
Total liabilities 806   810      
Consolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0 [3]   0 [3]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other Assets 0   0      
Total assets 0   0      
On Balance Sheet Liabilities [Abstract]            
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 [3]   0 [3]      
On Balance Sheet Assets [Abstract]            
Trading account assets 0   0      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
All other Assets 0   0      
Total assets 0   0      
On Balance Sheet Liabilities [Abstract]            
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 512 [6]   650 [6]      
Debt securities carried at fair value 11,142 [6]   19,451 [6]      
Held-to-maturity securities 932 [6]   1,012 [6]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 4 [6]   0 [6]      
Debt securities carried at fair value 932 [6]   988 [6]      
Held-to-maturity securities 0 [6]   0 [6]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 29 [6]   1 [6]      
Debt securities carried at fair value 2,490 [6]   220 [6]      
Held-to-maturity securities 0 [6]   0 [6]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 52 [6]   3 [6]      
Debt securities carried at fair value 378 [6]   109 [6]      
Held-to-maturity securities 0 [6]   0 [6]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 53 [6]   14 [6]      
Debt securities carried at fair value 79 [6]   306 [6]      
Held-to-maturity securities 65 [6]   0 [6]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Agency MBS [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [6]   0 [6]      
Debt securities carried at fair value 0 [6]   0 [6]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [6]   0 [6]      
Debt securities carried at fair value 13 [6]   15 [6]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 28 [6]   8 [6]      
Debt securities carried at fair value 5 [6]   6 [6]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 1 [6]   0 [6]      
Debt securities carried at fair value 0 [6]   0 [6]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 12 [6]   13 [6]      
Debt securities carried at fair value $ 52 [6]   $ 53 [6]      
[1] Substantially all U.S. agency MBS.
[2] There were no material intersegment revenues.
[3] Maximum loss exposure excludes the liability for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For additional information, see Note 7 – Representations and Warranties Obligations and Corporate Guarantees and Note 17 – Mortgage Servicing Rights.
[4] Not included in the table above are all other assets of $999 million and $1.6 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 $999 million and $1.6 billion, representing the principal amount that would be payable to the securitization vehicles if the Corporation were to exercise the repurchase option, at June 30, 2014 and December 31, 2013.
[5] Principal balance outstanding includes loans the Corporation transferred with which it has continuing involvement, which may include servicing the loans.
[6] As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three and six months ended June 30, 2014 and 2013, there were no OTTI losses recorded on those securities classified as AFS debt securities.