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 $)
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Variable Interest Entity [Line Items]            
Unpaid principal balance of mortgage loans eligible for repurchase $ 4,200,000,000   $ 12,100,000,000      
On Balance Sheet Assets [Abstract]            
Other Assets 127,880,000,000   150,112,000,000      
Total assets 2,123,320,000,000   2,209,974,000,000 2,160,854,000,000    
Loans and leases 921,570,000,000   907,819,000,000      
Allowance for loan and lease losses (21,235,000,000) (22,441,000,000) (24,179,000,000) (30,288,000,000) (32,211,000,000) (33,783,000,000)
Loans held-for-sale 14,549,000,000   19,413,000,000      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 46,470,000,000   30,731,000,000      
Long-term debt 262,480,000,000   275,585,000,000      
Total liabilities 1,892,288,000,000   1,973,018,000,000      
Principal amount that would be payable to the securitization vehicles (4,200,000,000)   (12,100,000,000)      
Unconsolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 24,560,000,000 [1]   28,591,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0 [2]   0 [2]      
Other Assets 594,000,000 [3]   1,551,000,000 [3]      
Total assets 24,560,000,000   28,591,000,000      
Principal balance outstanding 540,197,000,000 [4]   797,315,000,000 [4]      
Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 1,774,000,000 [1]   2,038,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 14,000,000 [2]   18,000,000 [2]      
Other Assets 80,000,000 [3]   64,000,000 [3]      
Total assets 1,304,000,000   1,507,000,000      
Principal balance outstanding 38,685,000,000 [4]   45,819,000,000 [4]      
Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 416,000,000 [1]   410,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0 [2]   9,000,000 [2]      
Other Assets 1,000,000 [3]   1,000,000 [3]      
Total assets 258,000,000   246,000,000      
Principal balance outstanding 47,884,000,000 [4]   53,822,000,000 [4]      
Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 460,000,000 [1]   367,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 0 [2]   0 [2]      
Other Assets 330,000,000 [3]   239,000,000 [3]      
Total assets 460,000,000   367,000,000      
Principal balance outstanding 62,326,000,000 [4]   71,990,000,000 [4]      
Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 814,000,000 [1]   702,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Residual interests held 191,000,000 [2]   40,000,000 [2]      
Other Assets 0 [3]   0 [3]      
Total assets 778,000,000   646,000,000      
Principal balance outstanding 31,600,000,000 [4]   56,733,000,000 [4]      
Consolidated VIEs [Member]
            
On Balance Sheet Assets [Abstract]            
Other Assets 3,927,000,000   4,654,000,000      
Total assets 122,371,000,000   134,431,000,000      
Loans and leases 113,045,000,000   123,227,000,000      
Allowance for loan and lease losses (3,157,000,000)   (3,658,000,000)      
Loans held-for-sale 1,876,000,000   1,969,000,000      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 1,421,000,000   3,731,000,000      
Long-term debt 25,946,000,000   34,256,000,000      
Other Liabilities 390,000,000   360,000,000      
Total liabilities 27,757,000,000   38,347,000,000      
Consolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 43,562,000,000 [1]   46,959,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Other Assets 892,000,000   972,000,000      
Total assets 43,562,000,000   46,959,000,000      
Loans and leases 42,673,000,000   45,991,000,000      
Allowance for loan and lease losses (3,000,000)   (4,000,000)      
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      
Total liabilities 0   0      
Consolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 102,000,000 [1]   104,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Other Assets 2,000,000   10,000,000      
Total assets 260,000,000   293,000,000      
Loans and leases 258,000,000   283,000,000      
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 181,000,000   212,000,000      
Total liabilities 181,000,000   212,000,000      
Consolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 371,000,000 [1]   390,000,000 [1]      
On Balance Sheet Assets [Abstract]            
Other Assets 14,000,000   91,000,000      
Total assets 1,560,000,000   1,727,000,000      
Loans and leases 794,000,000   722,000,000      
Allowance for loan and lease losses 0   0      
Loans held-for-sale 752,000,000   914,000,000      
On Balance Sheet Liabilities [Abstract]            
Commercial paper and other short-term borrowings 758,000,000   741,000,000      
Long-term debt 798,000,000   941,000,000      
Total liabilities 1,556,000,000   1,682,000,000      
Consolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
Variable Interest Entity [Line Items]            
Maximum loss exposure 0 [1]   0 [1]      
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      
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 [1]   0 [1]      
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      
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 1,368,000,000 [2]   619,000,000 [2]      
AFS Debt Securities 22,598,000,000 [2]   26,421,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   16,000,000 [2]      
AFS Debt Securities 1,190,000,000 [2]   1,388,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 14,000,000 [2]   14,000,000 [2]      
AFS Debt Securities 223,000,000 [2]   210,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 2,000,000 [2]   0 [2]      
AFS Debt Securities 128,000,000 [2]   128,000,000 [2]      
Senior Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 5,000,000 [2]   12,000,000 [2]      
AFS Debt Securities 565,000,000 [2]   581,000,000 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Agency Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   0 [2]      
AFS Debt Securities 0 [2]   0 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   0 [2]      
AFS Debt Securities 20,000,000 [2]   21,000,000 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 12,000,000 [2]   3,000,000 [2]      
AFS Debt Securities 8,000,000 [2]   9,000,000 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 0 [2]   0 [2]      
AFS Debt Securities 0 [2]   0 [2]      
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
            
On Balance Sheet Assets [Abstract]            
Trading account assets 17,000,000 [2]   13,000,000 [2]      
AFS Debt Securities $ 0 [2]   $ 0 [2]      
[1] Maximum loss exposure excludes the liability for representations and warranties obligations and corporate guarantees and also excludes servicing advances and MSRs. For additional information, see Note 8 – Representations and Warranties Obligations and Corporate Guarantees and Note 19 – Mortgage Servicing Rights.
[2] As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three and six months ended June 30, 2013 and 2012, there were no OTTI losses recorded on those securities classified as AFS debt securities.
[3] Not included in the table above are all other assets of $4.2 billion and $12.1 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 $4.2 billion and $12.1 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, 2013 and December 31, 2012.
[4] Principal balance outstanding includes loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loans.