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
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2011
Dec. 31, 2010
On Balance Sheet Assets [Abstract]        
AFS Debt Securities $ 297,040 $ 276,151    
Other Assets 150,410 145,686    
Total assets 2,181,449 2,129,046 2,274,532 [1]  
Loans and leases 902,294 926,200    
Allowance for loan and lease losses (32,211) (33,783) (39,843) (41,885)
Loans held-for-sale 12,973 13,762    
On Balance Sheet Liabilities [Abstract]        
Commercial paper and other short-term borrowings 39,254 35,698    
Long-term debt 354,912 372,265    
Total liabilities 1,948,950 1,898,945    
Unconsolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 35,849 [2] 37,519 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 [3] 0 [3]    
Total assets 35,849 37,519    
Principal balance outstanding 1,092,283 [4] 1,198,766 [4]    
Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 2,005 [2] 2,375 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 11 [3] 8 [3]    
Total assets 1,772 2,129    
Principal balance outstanding 58,205 [4] 61,207 [4]    
Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 276 [2] 289 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 [3] 9 [3]    
Total assets 266 246    
Principal balance outstanding 71,581 [4] 73,949 [4]    
Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 471 [2] 506 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 [3] 0 [3]    
Total assets 471 506    
Principal balance outstanding 97,814 [4] 101,622 [4]    
Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 751 [2] 981 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 26 [3] 43 [3]    
Total assets 687 913    
Principal balance outstanding 70,151 [4] 76,645 [4]    
Consolidated VIEs [Member]
        
On Balance Sheet Assets [Abstract]        
Other Assets 3,118 4,769    
Total assets 143,957 151,761    
Loans and leases 133,742 140,194    
Allowance for loan and lease losses (4,509) (5,066)    
Loans held-for-sale 1,577 1,635    
On Balance Sheet Liabilities [Abstract]        
Commercial paper and other short-term borrowings 5,598 5,777    
Long-term debt 44,267 49,054    
Other Liabilities 978 1,116    
Total liabilities 50,843 55,947    
Consolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 50,033 [2] 50,648 [2]    
On Balance Sheet Assets [Abstract]        
Other Assets 708 495    
Total assets 50,033 50,648    
Loans and leases 49,331 50,159    
Allowance for loan and lease losses (6) (6)    
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    
Other Liabilities 0 0    
Total liabilities 0 0    
Consolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 421 [2] 450 [2]    
On Balance Sheet Assets [Abstract]        
Other Assets 90 63    
Total assets 1,348 1,361    
Loans and leases 1,258 1,298    
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 1,347 1,360    
Other Liabilities 0 0    
Total liabilities 1,347 1,360    
Consolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 422 [2] 419 [2]    
On Balance Sheet Assets [Abstract]        
Other Assets 63 59    
Total assets 1,641 1,573    
Loans and leases 946 892    
Allowance for loan and lease losses 0 0    
Loans held-for-sale 632 622    
On Balance Sheet Liabilities [Abstract]        
Commercial paper and other short-term borrowings 663 650    
Long-term debt 961 911    
Other Liabilities 0 57    
Total liabilities 1,624 1,618    
Consolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 0 [2] 0 [2]    
On Balance Sheet Assets [Abstract]        
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    
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 [2] 0 [2]    
On Balance Sheet Assets [Abstract]        
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    
Other Liabilities 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 8,828 [5] 8,744 [5]    
AFS Debt Securities 27,021 [5] 28,775 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 88 [5] 94 [5]    
AFS Debt Securities 1,648 [5] 2,001 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 13 [5] 3 [5]    
AFS Debt Securities 177 [5] 174 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 327 [5] 343 [5]    
AFS Debt Securities 144 [5] 163 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 10 [5] 21 [5]    
AFS Debt Securities 649 [5] 846 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [3] 0 [3]    
AFS Debt Securities 0 [3] 0 [3]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [3] 0 [3]    
AFS Debt Securities 25 [3] 26 [3]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 64 [3] 30 [3]    
AFS Debt Securities 12 [3] 30 [3]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [3] 0 [3]    
AFS Debt Securities 0 [3] 0 [3]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 2 [3] 3 [3]    
AFS Debt Securities $ 0 [3] $ 0 [3]    
[1] There were no material intersegment revenues.
[2] 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 8 – Representations and Warranties Obligations and Corporate Guarantees and Note 18 – Mortgage Servicing Rights.
[3] As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three months ended March 31, 2012 and 2011, there were no OTTI losses recorded on those securities classified as AFS debt securities.
[4] Principal balance outstanding includes loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loans.
[5] 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 the three months ended March 31, 2012 and 2011, the Corporation recognized $319 million and $1.1 billion of gains on these LHFS, net of hedges.