Quarterly report pursuant to Section 13 or 15(d)

Securitizations and Other Variable Interest Entities (Details 1)

v2.3.0.15
Securitizations and Other Variable Interest Entities (Details 1) (USD $)
In Millions
Sep. 30, 2011
Jun. 30, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Dec. 31, 2009
On-balance sheet assets            
Derivative assets $ 79,044   $ 73,000      
AFS debt securities 324,267   337,627      
Loans and leases 932,531   940,440      
Allowance for loan and lease losses (35,082) (37,312) (41,885) (43,581) (45,255) (47,988)
All other assets 151,247   182,124      
Total assets 2,219,628 [1]   2,264,909 2,339,660 [1]    
On-balance sheet liabilities            
Derivative liabilities 59,304   55,914      
Commercial paper and other short-term borrowings 33,869   59,962      
Long-term debt 398,965   448,431      
Total liabilities 1,989,376   2,036,661      
Total Consolidated VIEs [Member] | Home Equity [Member]
            
Securitizations related information            
Maximum loss exposure 2,793 [2]   3,192 [2]      
On-balance sheet assets            
Trading account assets 0 [3],[4]   0 [3],[4]      
AFS debt securities 0 [3],[5]   0 [3],[5]      
Loans and leases 3,095   3,529      
Allowance for loan and lease losses (302)   (337)      
Total assets 2,793   3,192      
On-balance sheet liabilities            
Long-term debt 3,193   3,635      
All other liabilities 55   23      
Total liabilities 3,248   3,658      
Principal balance outstanding 3,095   3,529      
Total Unconsolidated VIEs [Member] | Home Equity [Member]
            
Securitizations related information            
Maximum loss exposure 7,920 [2]   9,132 [2]      
On-balance sheet assets            
Trading account assets 111 [3],[4]   209 [3],[4]      
AFS debt securities 12 [3],[5]   35 [3],[5]      
Loans and leases 0   0      
Allowance for loan and lease losses 0   0      
Total assets 123   244      
On-balance sheet liabilities            
Long-term debt 0   0      
All other liabilities 0   0      
Total liabilities 0   0      
Principal balance outstanding 17,046   20,095      
Home Equity [Member]
            
Securitizations related information            
Maximum loss exposure 10,713 [2]   12,324 [2]      
On-balance sheet assets            
Trading account assets 111 [3],[4]   209 [3],[4]      
AFS debt securities 12 [3],[5]   35 [3],[5]      
Loans and leases 3,095   3,529      
Allowance for loan and lease losses (302)   (337)      
Total assets 2,916   3,436      
On-balance sheet liabilities            
Long-term debt 3,193   3,635      
All other liabilities 55   23      
Total liabilities 3,248   3,658      
Principal balance outstanding 20,141   23,624      
Total Consolidated VIEs [Member] | Credit Card Securitization Trusts [Member]
            
Securitizations related information            
Maximum loss exposure 40,318   36,596      
On-balance sheet assets            
Derivative assets 1,047   1,778      
Loans and leases 77,412 [6]   92,104 [6]      
Allowance for loan and lease losses (5,312)   (8,505)      
Loans held-for-sale 2,385   0      
All other assets 2,634 [7]   4,259 [7]      
Total assets 78,166   89,636      
On-balance sheet liabilities            
Long-term debt 37,653   52,781      
All other liabilities 195   259      
Total liabilities 37,848   53,040      
Trust loans 79,797   92,104      
Total Consolidated VIEs [Member] | Collateralized Debt Obligations [Member]
            
Securitizations related information            
Maximum loss exposure 1,972   2,971      
On-balance sheet assets            
Trading account assets 1,636   2,485      
Derivative assets 195   207      
AFS debt securities 256   769      
All other assets 15   24      
Total assets 2,102   3,485      
On-balance sheet liabilities            
Derivative liabilities 0   0      
Long-term debt 2,437   3,162      
Total liabilities 2,437   3,162      
Total assets of VIEs 2,102   3,485      
Total Unconsolidated VIEs [Member] | Collateralized Debt Obligations [Member]
            
Securitizations related information            
Maximum loss exposure 2,564   3,828      
On-balance sheet assets            
Trading account assets 502   884      
Derivative assets 771   890      
AFS debt securities 0   338      
All other assets 130   123      
Total assets 1,403   2,235      
On-balance sheet liabilities            
Derivative liabilities 13   58      
Long-term debt 2   0      
Total liabilities 15   58      
Total assets of VIEs 34,164   43,476      
Collateralized Debt Obligations [Member]
            
Securitizations related information            
Maximum loss exposure 4,536   6,799      
On-balance sheet assets            
Trading account assets 2,138   3,369      
Derivative assets 966   1,097      
AFS debt securities 256   1,107      
All other assets 145   147      
Total assets 3,505   5,720      
On-balance sheet liabilities            
Derivative liabilities 13   58      
Long-term debt 2,439   3,162      
Total liabilities 2,452   3,220      
Total assets of VIEs 36,266   46,961      
Total Consolidated VIEs [Member] | Customer Vehicles [Member]
            
Securitizations related information            
Maximum loss exposure 2,722   4,449      
On-balance sheet assets            
Trading account assets 2,657   3,458      
Derivative assets 0   1      
Loans held-for-sale 736   959      
All other assets 1,441   1,429      
Total assets 4,834   5,847      
On-balance sheet liabilities            
Derivative liabilities 3   1      
Commercial paper and other short-term borrowings 40   0      
Long-term debt 3,215   3,457      
All other liabilities 0   0      
Total liabilities 3,258   3,458      
Total assets of VIEs 4,834   5,847      
Total Unconsolidated VIEs [Member] | Customer Vehicles [Member]
            
Securitizations related information            
Maximum loss exposure 2,340   2,735      
On-balance sheet assets            
Trading account assets 245   876      
Derivative assets 1,183   722      
Loans held-for-sale 0   0      
All other assets 0   0      
Total assets 1,428   1,598      
On-balance sheet liabilities            
Derivative liabilities 45   23      
Commercial paper and other short-term borrowings 0   0      
Long-term debt 0   0      
All other liabilities 456   140      
Total liabilities 501   163      
Total assets of VIEs 5,154   6,090      
Customer Vehicles [Member]
            
Securitizations related information            
Maximum loss exposure 5,062   7,184      
On-balance sheet assets            
Trading account assets 2,902   4,334      
Derivative assets 1,183   723      
Loans held-for-sale 736   959      
All other assets 1,441   1,429      
Total assets 6,262   7,445      
On-balance sheet liabilities            
Derivative liabilities 48   24      
Commercial paper and other short-term borrowings 40   0      
Long-term debt 3,215   3,457      
All other liabilities 456   140      
Total liabilities 3,759   3,621      
Total assets of VIEs 9,988   11,937      
Total Consolidated VIEs [Member] | Other VIE's [Member]
            
Securitizations related information            
Maximum loss exposure 6,193   19,248      
On-balance sheet assets            
Trading account assets 31   8,900      
Derivative assets 369   0      
AFS debt securities 0   1,832      
Loans and leases 5,295   7,690      
Allowance for loan and lease losses (7)   (27)      
Loans held-for-sale 128   262      
All other assets 402   937      
Total assets 6,218   19,594      
On-balance sheet liabilities            
Commercial paper and other short-term borrowings 0   1,115      
Long-term debt 10   229      
All other liabilities 668   8,683      
Total liabilities 678   10,027      
Total assets of VIEs 6,218   19,594      
Total Unconsolidated VIEs [Member] | Other VIE's [Member]
            
Securitizations related information            
Maximum loss exposure 7,161   8,796      
On-balance sheet assets            
Trading account assets 13   0      
Derivative assets 337   228      
AFS debt securities 63   73      
Loans and leases 432   1,122      
Allowance for loan and lease losses (8)   (22)      
Loans held-for-sale 741   949      
All other assets 5,580   6,440      
Total assets 7,158   8,790      
On-balance sheet liabilities            
Commercial paper and other short-term borrowings 0   0      
Long-term debt 0   0      
All other liabilities 1,488   1,666      
Total liabilities 1,488   1,666      
Total assets of VIEs 10,850   13,416      
Other VIE's [Member]
            
Securitizations related information            
Maximum loss exposure 13,354   28,044      
On-balance sheet assets            
Trading account assets 44   8,900      
Derivative assets 706   228      
AFS debt securities 63   1,905      
Loans and leases 5,727   8,812      
Allowance for loan and lease losses (15)   (49)      
Loans held-for-sale 869   1,211      
All other assets 5,982   7,377      
Total assets 13,376   28,384      
On-balance sheet liabilities            
Commercial paper and other short-term borrowings 0   1,115      
Long-term debt 10   229      
All other liabilities 2,156   10,349      
Total liabilities 2,166   11,693      
Total assets of VIEs $ 17,068   $ 33,010      
[1] There were no material intersegment revenues.
[2] For unconsolidated VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves, and excludes the liability for representations and warranties and corporate guarantees.
[3] As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three and nine months ended September 30, 2011 and 2010, there were no OTTI losses recorded on those securities classified as AFS debt securities.
[4] At September 30, 2011 and December 31, 2010, $109 million and $204 million of the debt securities classified as trading account assets were senior securities and $2 million and $5 million were subordinate securities.
[5] At September 30, 2011 and December 31, 2010, $12 million and $35 million represented subordinate debt securities held.
[6] At September 30, 2011 and December 31, 2010, loans and leases included $27.0 billion and $20.4 billion of seller’s interest and $1.7 billion and $3.8 billion of discount receivables.
[7] At September 30, 2011 and December 31, 2010, all other assets included restricted cash accounts and unbilled accrued interest and fees.