SUNTRUST BANKS INC, 10-Q filed on 11/6/2015
Quarterly Report
Document and Entity Information
9 Months Ended
Sep. 30, 2015
Oct. 30, 2015
Entity Registrant Name
SUNTRUST BANKS INC 
 
Entity Central Index Key
0000750556 
 
Current Fiscal Year End Date
--12-31 
 
Entity Filer Category
Large Accelerated Filer 
 
Document Type
10-Q 
 
Document Period End Date
Sep. 30, 2015 
 
Document Fiscal Year Focus
2015 
 
Document Fiscal Period Focus
Q3 
 
Amendment Flag
false 
 
Entity Common Stock, Shares Outstanding
 
509,612,975 
Entity Well-known Seasoned Issuer
Yes 
 
Entity Voluntary Filers
No 
 
Entity Current Reporting Status
Yes 
 
Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income
 
 
 
 
Interest and fees on loans
$ 1,139 
$ 1,152 
$ 3,345 
$ 3,464 
Interest and fees on loans held for sale
20 
30 
66 
61 
Interest and Dividend Income, Securities, Available-for-sale
153 
153 
430 
456 
Trading account interest and other
21 
18 
61 
55 
Total interest income
1,333 
1,353 
3,902 
4,036 
Interest Expense
 
 
 
 
Interest on deposits
54 
54 
165 
180 
Interest Expense, Long-term Debt
60 
74 
196 
198 
Interest on other borrowings
8 
10 
23 
29 
Total interest expense
122 
138 
384 
407 
Net, interest income
1,211 
1,215 
3,518 
3,629 
Provision for Loan, Lease, and Other Losses
32 1
93 1
114 1
268 1
Interest Income (Expense), after Provision for Loan Loss
1,179 
1,122 
3,404 
3,361 
Noninterest Income
 
 
 
 
Service charges on deposit accounts
159 
169 
466 
483 
Fees and Commissions, Other
97 
95 
285 
274 
Fees and Commissions, Credit and Debit Cards
83 
81 
247 
239 
Investment Banking Revenue
115 
88 
357 
296 
Trading Gain (Loss)
31 
46 
140 
141 
Fees and Commissions, Fiduciary and Trust Activities
86 
93 
255 
339 
Investment Advisory, Management and Administrative Fees
77 
76 
229 
224 
Fees and Commissions, Mortgage Banking
58 
45 
217 
140 
Servicing Fees, Net
40 
44 
113 
143 
Gain (Loss) on Disposition of Business
0 
0 
0 
105 
Gain (Loss) on Sale of Securities, Net
7 
(9)
21 
(11)
Noninterest Income, Other Operating Income
58 
52 
173 
155 
Total noninterest income
811 
780 
2,503 
2,528 
Noninterest Expense
 
 
 
 
Employee compensation
641 
649 
1,926 
1,967 
Other Labor-related Expenses
84 
81 
326 
326 
Outside processing and software
200 
184 
593 
535 
Net occupancy expense
86 
84 
255 
254 
Equipment Expense
41 
41 
123 
127 
Federal Deposit Insurance Corporation Premium Expense
32 
29 
104 
109 
Marketing and Advertising Expense
42 
35 
104 
91 
Credit and collection services
8 
21 
52 
67 
Professional Fees
23 
16 
48 
43 
Operating losses
3 
29 
33 
268 
Amortization
9 
7 
22 
14 
Other Noninterest Expense
(95)
(83)
(286)
(333)
Noninterest Expense
1,264 
1,259 
3,872 
4,134 
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest
726 
643 
2,035 
1,755 
Income Tax Expense (Benefit)
187 
67 
579 
364 
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
539 
576 
1,456 
1,391 
Net Income (Loss) Attributable to Noncontrolling Interest
2 
0 
7 
11 
Net Income (Loss) Attributable to Parent
537 
576 
1,449 
1,380 
Net Income (Loss) Available to Common Stockholders, Basic
$ 519 
$ 563 
$ 1,396 
$ 1,343 
Earnings Per Share, Diluted
$ 1.00 
$ 1.06 
$ 2.67 
$ 2.51 
Earnings Per Share, Basic
$ 1.01 
$ 1.07 
$ 2.70 
$ 2.54 
Common Stock, Dividends, Per Share, Declared
$ 0.24 
$ 0.20 
$ 0.68 
$ 0.50 
Weighted Average Number of Shares Outstanding, Diluted
518,677 
533,230 
522,634 
535,222 
Weighted Average Number of Shares Outstanding, Basic
513,010 
527,402 
516,970 
529,429 
Consolidated Statements of Comprehensive Income Consolidated Statement of Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
 
 
 
 
Net Income (Loss) Attributable to Parent
$ 537 
$ 576 
$ 1,449 
$ 1,380 
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
119 
(37)
4 
246 
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax
84 
(82)
94 
(168)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax
3 
1 
(64)
34 
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
206 
(118)
34 
112 
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
$ 743 
$ 458 
$ 1,483 
$ 1,492 
Consolidated Statements of Comprehensive Income Consolidated Statement of Comprehensive Income (Parenthetical) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
 
 
 
 
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax
$ 70 
$ (21)
$ 6 
$ 144 
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax
50 
(48)
57 
(98)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Tax
$ 1 
$ 1 
$ (44)
$ 20 
Consolidated Balance Sheets (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Assets
 
 
Cash and Due from Banks
$ 3,788 
$ 7,047 
Federal Funds Sold and Securities Purchased under Agreements to Resell
1,105 
1,160 
Interest-bearing Deposits in Banks and Other Financial Institutions
23 
22 
Cash and cash equivalents
4,916 
8,229 
Trading assets
6,537 1
6,202 1
Available-for-sale Securities
27,270 2
26,770 2
Loans Held for Sale
2,032 3
3,232 3
Loans held for investment
133,560 4
133,112 4
Loans and Leases Receivable, Allowance
(1,786)
(1,937)
Net loans
131,774 
131,175 
Premises and equipment
1,430 
1,508 
Goodwill
6,337 
6,337 
Intangible Assets, Net (Excluding Goodwill)
1,282 
1,219 
Other Assets
5,458 
5,656 
Total assets
187,036 
190,328 
Liabilities and Shareholders' Equity
 
 
Noninterest-bearing consumer and commercial deposits
41,487 
41,096 
Interest-bearing Deposit Liabilities
104,884 
99,471 
Total deposits
146,371 
140,567 
Funds purchased
1,329 
1,276 
Securities Sold under Agreements to Repurchase
1,536 
2,276 
Other Short-term Borrowings
1,077 
5,634 
Long-term Debt
8,444 5
13,022 5
Trading liabilities
1,330 
1,227 
Other Liabilities
3,285 
3,321 
Total liabilities
163,372 
167,323 
Preferred Stock, Value, Outstanding
1,225 
1,225 
Common Stock, Value, Outstanding
550 
550 
Additional paid in capital
9,087 
9,089 
Retained earnings
14,341 
13,295 
Treasury stock, at cost, and other
(1,451)6
(1,032)6
Accumulated Other Comprehensive Income (Loss), Net of Tax
(88)
(122)
Total shareholders' equity
23,664 
23,005 
Total liabilities and shareholders' equity
187,036 
190,328 
Common Stock, Shares, Outstanding
514,106 7
524,540 7
Common shares authorized
750,000 
750,000 
Preferred Stock, Shares Outstanding
12 
12 
Preferred Stock, Shares Authorized
50,000 
50,000 
Treasury shares of common stock
35,815 
25,381 
Treasury Stock and Other
 
 
Liabilities and Shareholders' Equity
 
 
Treasury stock, at cost, and other
(1,550)
 
Total shareholders' equity
(1,451)8
(1,032)8
Stockholders' Equity Attributable to Noncontrolling Interest
(106)
108 
Variable Interest Entity, Primary Beneficiary [Member]
 
 
Assets
 
 
Loans held for investment
256 
288 
Liabilities and Shareholders' Equity
 
 
Long-term Debt
270 
302 
Restricted Stock [Member]
 
 
Liabilities and Shareholders' Equity
 
 
Common Stock, Shares, Outstanding
1,556 
2,930 
Trading Securities [Member]
 
 
Liabilities and Shareholders' Equity
 
 
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value
1,152 
1,316 
Available-for-sale Securities [Member]
 
 
Liabilities and Shareholders' Equity
 
 
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value
$ 0 
$ 369 
Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Loans Held-for-sale, Fair Value Disclosure
$ 1,883 
$ 1,892 
Loans Receivable, Fair Value Disclosure
262 
272 
Servicing Asset at Fair Value, Amount
1,262 
1,206 
Long-term Debt, Fair Value
986 
1,283 
Common stock, par value
$ 1.00 
$ 1.00 
Loans Receivable Held-for-sale, Net
2,032 1
3,232 1
Loans held for investment
133,560 2
133,112 2
Long-term Debt
8,444 3
13,022 3
Common Stock, Shares, Outstanding
514,106 4
524,540 4
Variable Interest Entity, Primary Beneficiary [Member]
 
 
Loans held for investment
256 
288 
Long-term Debt
270 
302 
Treasury Stock and Other
 
 
Stockholders' Equity Attributable to Noncontrolling Interest
(106)
108 
Residential Portfolio Segment [Member]
 
 
Loans Receivable, Fair Value Disclosure
262 
272 
Loans held for investment
38,788 
38,775 
Restricted Stock [Member]
 
 
Common Stock, Shares, Outstanding
1,556 
2,930 
Trading Securities [Member]
 
 
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value
1,152 
1,316 
Available-for-sale Securities [Member]
 
 
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value
$ 0 
$ 369 
Consolidated Statements of Shareholders' Equity (USD $)
In Millions, except Share data, unless otherwise specified
Total
USD ($)
Preferred Stock [Member]
USD ($)
Common Stock [Member]
USD ($)
Additional Paid-in Capital [Member]
USD ($)
Retained Earnings [Member]
USD ($)
Treasury Stock and Other
USD ($)
Accumulated Other Comprehensive Income (Loss) [Member]
USD ($)
Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, beginning of period at Dec. 31, 2013
$ 21,422 
$ 725 
$ 550 
$ 9,115 
$ 11,936 
$ (615)1
$ (289)
 
Common Stock, Shares, Outstanding, beginning of period at Dec. 31, 2013
 
 
536,000,000 
 
 
 
 
 
Increase (Decrease) in Stockholders' Equity [Roll Forward]
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Parent
1,380 
 
 
 
1,380 
 
 
 
Other Comprehensive Income (Loss), Net of Tax
112 
 
 
 
 
 
112 
 
Dividends, Common Stock, Cash
(266)
 
 
 
(266)
 
 
 
Dividends, Preferred Stock, Cash
(28)
 
 
 
(28)2
 
 
 
Treasury Stock, Shares, Acquired
 
 
 
 
 
 
 
(9,000,000)
Treasury Stock, Value, Acquired, Cost Method
(348)
 
 
 
 
(348)1
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
 
 
 
 
 
 
 
0 
Stock Issued During Period, Value, Stock Options Exercised
1 
 
 
(14)
 
15 1
 
 
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures
 
 
 
 
 
 
 
0 
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures
12 
 
 
13 
(2)
1 1
 
 
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition
21 
 
 
 
 
21 1
 
 
Stock Issued During Period, Shares, Employee Benefit Plan
 
 
 
 
 
 
 
0 
Stock Issued During Period, Value, Employee Benefit Plan
2 
 
 
(1)
 
3 1
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value
(39)
 
 
(23)
 
(16)1
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Sep. 30, 2014
22,269 
725 
550 
9,090 
13,020 
(939)1
(177)
 
Common Stock, Shares, Outstanding, end of period at Sep. 30, 2014
 
 
527,000,000 
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, beginning of period at Dec. 31, 2014
23,005 
1,225 
550 
9,089 
13,295 
(1,032)1
(122)
 
Common Stock, Shares, Outstanding, beginning of period at Dec. 31, 2014
524,540,000 3
 
525,000,000 
 
 
 
 
 
Increase (Decrease) in Stockholders' Equity [Roll Forward]
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Parent
1,449 
 
 
 
1,449 
 
 
 
Other Comprehensive Income (Loss), Net of Tax
34 
 
 
 
 
 
34 
 
Noncontrolling Interest, Period Increase (Decrease)
(2)
 
 
 
 
(2)1
 
 
Dividends, Common Stock, Cash
(352)
 
 
 
(352)
 
 
 
Dividends, Preferred Stock, Cash
(48)
 
 
 
(48)2
 
 
 
Treasury Stock, Shares, Acquired
 
 
 
 
 
 
 
(11,000,000)
Treasury Stock, Value, Acquired, Cost Method
(465)
 
 
 
 
(465)1
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
 
 
 
 
 
 
 
0 
Stock Issued During Period, Value, Stock Options Exercised
9 
 
 
(16)
 
25 1
 
 
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures
 
 
 
 
 
 
 
0 
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures
18 
 
 
14 
(3)
7 1
 
 
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition
13 
 
 
 
 
13 1
 
 
Stock Issued During Period, Shares, Employee Benefit Plan
 
 
 
 
 
 
 
0 
Stock Issued During Period, Value, Employee Benefit Plan
3 
 
 
0 
 
3 1
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Sep. 30, 2015
$ 23,664 
$ 1,225 
$ 550 
$ 9,087 
$ 14,341 
$ (1,451)1
$ (88)
 
Common Stock, Shares, Outstanding, end of period at Sep. 30, 2015
514,106,000 3
 
514,000,000 
 
 
 
 
 
Consolidated Statements of Shareholders' Equity (Parenthetical) (USD $)
In Millions, except Per Share data, unless otherwise specified
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Treasury Stock, Value
$ (1,451)1
 
Common stock dividends, per share
$ 0.68 
$ 0.50 
Treasury Stock and Other
 
 
Treasury Stock, Value
(1,550)
(1,015)
Deferred Compensation Equity
(7)
(27)
Stockholders' Equity Attributable to Noncontrolling Interest
$ 106 
$ 103 
Series A Preferred Stock [Member]
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
$ 3,044 
$ 3,044 
Series B Preferred Stock [Member]
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
$ 3,044 
$ 3,044 
Series E Preferred Stock [Member]
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
$ 4,406 
$ 4,406 
Series F Preferred Stock [Member]
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
$ 4,813 
$ 0 
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:
 
 
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
$ 1,456 
$ 1,391 
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
 
 
Gain (Loss) on Disposition of Business
0 
(105)
Depreciation, Amortization and Accretion, Net
596 
504 
Payments to Acquire Mortgage Servicing Rights (MSR)
(185)
(137)
Provisions For Credit Losses And Foreclosed Properties
122 
286 
Stock Option Compensation And Amortization Of Restricted Stock Compensation
65 
50 
Excess Tax Benefit from Share-based Compensation, Operating Activities
18 
5 
Gain (Loss) on Sale of Securities, Net
(21)
11 
Gain (Loss) on Sale of Loans and Leases
249 
239 
Net decrease/(increase) in loans held for sale
644 
(139)
Increase (Decrease) in Trading Securities
(183)
(1,088)
Net (increase)/decrease in other assets
(26)
189 
Increase (Decrease) in Other Operating Liabilities
(196)
(155)
Net Cash Provided by (Used in) Operating Activities
2,005 
563 
Cash Flows from Investing Activities:
 
 
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities
4,621 
2,788 
Proceeds from sales of securities available for sale
2,708 
793 
Purchases of securities available for sale
(7,861)
(6,986)
Proceeds from sales of trading securities
0 
59 
Proceeds from (payments for) Originations and Purchases of Loans Held-for-investment
(2,097)
(7,698)
Proceeds from sales of loans
2,048 
3,029 
Payments for (Proceeds from) Mortgage Servicing Rights
113 
109 
Capital expenditures
(74)
(96)
Payments related to acquisitions, including contingent consideration
(30)
(11)
Proceeds from Divestiture of Businesses
0 
193 
Proceeds from Sale of Other Real Estate
179 
279 
Net cash (used in)/provided by investing activities
(619)
(7,759)
Cash Flows from Financing Activities:
 
 
Net (decrease)/increase in total deposits
5,804 
6,748 
Net increase/(decrease) in funds purchased, securities sold under agreements to repurchase, and other short-term borrowings
(5,244)
1,633 
Proceeds from Issuance of Long-term Debt
1,237 
2,574 
Repayment of long-term debt
(5,670)
(67)
Payments for Repurchase of Common Stock
(465)
(348)
Common and preferred dividends paid
(393)
(294)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options
32 
12 
Net cash provided by/(used in) financing activities
(4,699)
10,258 
Net (decrease)/increase in cash and cash equivalents
(3,313)
3,062 
Cash and cash equivalents at beginning of period
8,229 
5,263 
Cash and cash equivalents at end of period
4,916 
8,325 
Supplemental Disclosures:
 
 
Transfer of Loans Held-for-sale to Portfolio Loans
726 
39 
Loans transferred from loans to loans held for sale
1,734 
3,183 
Transfer to Other Real Estate
52 
113 
non-cash impact of deconsolidated assets
0 
282 
Non-cash impact of debt acquired by purchaser in leverage lease sale
$ 129 
$ 29 
Significant Accounting Policies
Significant Accounting Policies [Text Block]
NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation and Basis of Presentation
The unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made.
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could vary from these estimates. Certain reclassifications have been made to prior period amounts to conform to the current period presentation.
The Company evaluated subsequent events through the date its financial statements were issued.
These financial statements should be read in conjunction with the Company’s 2014 Annual Report on Form 10-K. In the third quarter of 2015, the Company elected to prospectively change the date of its annual goodwill impairment test from September 30 to October 1 to better align the timing of the test with the availability of key inputs. There have been no other significant changes to the Company’s accounting policies as disclosed in the 2014 Annual Report on Form 10-K.

Pending Accounting Pronouncements
The following table provides a brief description of recent accounting pronouncements that could have a material effect on the Company's financial statements:
Standard
Description
Date of Adoption
Effect on the Financial Statements or Other Significant Matters
Standards Not Yet Adopted
 
 
ASU 2014-09, Revenue from Contracts with Customers
The ASU supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU may be adopted either retrospectively or on a modified retrospective basis to new contracts and existing contracts with remaining performance obligations as of the effective date.
January 1, 2018

(early adoption permitted beginning January 1, 2017)
The Company is continuing to evaluate the alternative methods of adoption and the anticipated effects on the financial statements and related disclosures.

ASU 2015-02, Amendments to the Consolidation Analysis
The ASU rescinds the indefinite deferral of previous amendments to ASC Topic 810 for certain entities and amends components of the consolidation analysis under ASC Topic 810, including evaluating limited partnerships and similar legal entities, evaluating fees paid to a decision maker or service provider as a variable interest, the effects of fee arrangements and/or related parties on the primary beneficiary determination and investment fund specific matters. The ASU may be adopted either retrospectively or on a modified retrospective basis.
January 1, 2016
The Company will adopt this ASU on a modified retrospective basis. The Company is continuing to evaluate the impact of this ASU on the financial statements and related disclosures; however, adoption is not expected to materially impact the Company's financial position, results of operations, or EPS.
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]
NOTE 2 - FEDERAL FUNDS SOLD AND SECURITIES FINANCING ACTIVITIES
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell
Fed funds sold and securities borrowed or purchased under agreements to resell were as follows:
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Fed funds sold

$55

 

$38

Securities borrowed
221

 
290

Securities purchased under agreements to resell
829

 
832

Total Fed funds sold and securities borrowed or purchased under agreements to resell

$1,105

 

$1,160

Securities purchased under agreements to resell are primarily collateralized by U.S. government or agency securities and are carried at the amounts at which the securities will be subsequently resold. Securities borrowed are primarily collateralized by corporate securities. The Company borrows securities and purchases securities under agreements to resell as part of its securities financing activities. On the acquisition date of these securities, the Company and the related counterparty agree on the amount of collateral required to secure the principal amount loaned under these arrangements. The Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the agreement. At both September 30, 2015 and December 31, 2014, the total market value of collateral held was $1.1 billion, of which $219 million and $222 million was repledged, respectively.
Securities Sold Under Agreements to Repurchase
Securities sold under agreements to repurchase are accounted for as secured borrowings. The following table presents the Company’s related activity, by collateral type and remaining contractual maturity:
 
September 30, 2015
 
December 31, 2014
(Dollars in millions)
Overnight and Continuous
 
Overnight and Continuous
 
Up to 30 days
 
Total
U.S. Treasury securities

$84

 

$376

 

$—

 

$376

Federal agency securities
223

 
231

 
—

 
231

MBS - agency
868

 
1,059

 
45

 
1,104

CP
37

 
238

 
—

 
238

Corporate and other debt securities
324

 
327

 
—

 
327

Total securities sold under agreements to repurchase

$1,536

 

$2,231

 

$45

 

$2,276



For these securities sold under agreements to repurchase, the Company would be obligated to provide additional collateral in the event of a significant decline in fair value of the collateral pledged. This risk is managed by monitoring the liquidity and credit quality of the collateral, as well as the maturity profile of the transactions.
Netting of Securities - Repurchase and Resell Agreements
The Company has various financial assets and financial liabilities that are subject to enforceable master netting agreements or similar agreements. The Company's derivatives that are subject to enforceable master netting agreements or similar agreements are discussed in Note 13, "Derivative Financial Instruments." The following table presents the Company's securities borrowed or purchased under agreements to resell and securities sold under agreements to repurchase that are subject to MRAs. Under the terms of the MRA, all transactions between the Company and a counterparty constitute a single business relationship such that in the event of default, the nondefaulting party is entitled to set off claims and apply property held against obligations owed. Any payments, deliveries, or other transfers may be applied against each other and presented net on the Company's Consolidated Balance Sheets, provided criteria are met that permit balance sheet netting. At September 30, 2015 and December 31, 2014, there were no such transactions subject to a legally enforceable MRAs that were eligible for balance sheet netting.
Financial instrument collateral received or pledged related to exposures subject to legally enforceable MRAs are not netted on the Consolidated Balance Sheets, but are presented in the following table as a reduction to the net amount presented in the Consolidated Balance Sheets to derive the aggregate collateral deficits by counterparty. The collateral amounts held/pledged are limited for presentation purposes to the related recognized asset/liability balance for each counterparty, and accordingly, do not include excess collateral received/pledged.
(Dollars in millions)
Gross
Amount
 
Amount
Offset
 
Net Amount
Presented in
Consolidated
Balance Sheets
 
Held/Pledged Financial
Instruments
 
Net
Amount
September 30, 2015
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell

$1,050

 

$—

 

$1,050

1 

$1,043

 

$7

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
1,536

 
—

 
1,536

 
1,536

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell

$1,122

 

$—

 

$1,122

1 

$1,112

 

$10

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
2,276

 
—

 
2,276

 
2,276

 
—


1 Excludes $55 million and $38 million of Fed funds sold, which are not subject to a master netting agreement at September 30, 2015 and December 31, 2014, respectively.

Trading Assets and Liabilities and Derivatives Trading Assets and Liabilities and Derivatives (Notes)
Trading Assets and Liabilities and Derivatives [Text Block]
NOTE 3 - TRADING ASSETS AND LIABILITIES AND DERIVATIVE INSTRUMENTS

The fair values of the components of trading assets and liabilities and derivative instruments were as follows:
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Trading Assets and Derivative Instruments:
 
 
 
U.S. Treasury securities

$443

 

$267

Federal agency securities
532

 
547

U.S. states and political subdivisions
40

 
42

MBS - agency
565

 
545

CLO securities
2

 
3

Corporate and other debt securities
390

 
509

CP
312

 
327

Equity securities
65

 
45

Derivative instruments 1
1,449

 
1,307

Trading loans 2
2,739

 
2,610

Total trading assets and derivative instruments

$6,537

 

$6,202

 
 
 
 
Trading Liabilities and Derivative Instruments:
 
 
 
U.S. Treasury securities

$584

 

$485

MBS - agency
4

 
1

Corporate and other debt securities
177

 
279

Derivative instruments 1
565

 
462

Total trading liabilities and derivative instruments

$1,330

 

$1,227

1 Amounts include the impact of offsetting cash collateral received from and paid to the same derivative counterparties and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.
2 Includes loans related to TRS.

Various trading products and derivative instruments are used as part of the Company’s overall balance sheet management strategies and to support client requirements executed through the Bank and/or its broker/dealer subsidiary. The Company manages the potential market volatility associated with trading instruments with appropriate risk management strategies. The size, volume, and nature of the trading products and derivative instruments can vary based on economic conditions as well as client-specific and Company-specific asset or liability positions. Product offerings to clients include debt securities, loans traded in the secondary market, equity securities, derivative contracts, and other similar financial instruments. Other trading-related activities include acting as a market maker for certain debt and equity security transactions and derivative instrument transactions. The Company also uses derivatives to manage its interest rate and market risk from non-trading activities. The Company has policies and procedures to manage market risk associated with client trading and non-trading activities, and assumes a limited degree of market risk by managing the size and nature of its exposure.
The Company has pledged $857 million and $1.1 billion of trading securities to secure $825 million and $1.1 billion of repurchase agreements at September 30, 2015 and December 31, 2014, respectively. Additionally, the Company has pledged $298 million and $202 million of trading securities to secure certain derivative agreements at September 30, 2015 and December 31, 2014, respectively, and has pledged $40 million of trading securities under other arrangements at both September 30, 2015 and December 31, 2014.
Securities Available for Sale
Securities Available for Sale
NOTE 4 – SECURITIES AVAILABLE FOR SALE
Securities Portfolio Composition
 
September 30, 2015
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$3,020

 

$45

 

$—

 

$3,065

Federal agency securities
408

 
13

 
1

 
420

U.S. states and political subdivisions
167

 
7

 
—

 
174

MBS - agency
22,452

 
511

 
58

 
22,905

MBS - private
100

 
2

 
—

 
102

ABS
13

 
2

 
—

 
15

Corporate and other debt securities
36

 
2

 
—

 
38

Other equity securities 1
551

 
1

 
1

 
551

Total securities AFS

$26,747

 

$583

 

$60

 

$27,270

 
 
 
 
 
 
 
 
 
December 31, 2014
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$1,913

 

$9

 

$1

 

$1,921

Federal agency securities
471

 
15

 
2

 
484

U.S. states and political subdivisions
200

 
9

 
—

 
209

MBS - agency
22,573

 
558

 
83

 
23,048

MBS - private
122

 
2

 
1

 
123

ABS
19

 
2

 
—

 
21

Corporate and other debt securities
38

 
3

 
—

 
41

Other equity securities 1
921

 
2

 
—

 
923

Total securities AFS

$26,257

 

$600

 

$87

 

$26,770

1 At September 30, 2015, the fair value of other equity securities was comprised of the following: $32 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $111 million of mutual fund investments, and $6 million of other. At December 31, 2014, the fair value of other equity securities was comprised of the following: $376 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $138 million of mutual fund investments, and $7 million of other.

The following table presents interest and dividends on securities AFS:
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Taxable interest

$143

 

$142

 

$397

 

$421

Tax-exempt interest
2

 
2

 
5

 
8

Dividends
8

 
9

 
28

 
27

Total interest and dividends

$153

 

$153

 

$430

 

$456




Securities AFS pledged to secure public deposits, repurchase agreements, trusts, and other funds had a fair value of $2.9 billion and $2.6 billion at September 30, 2015 and December 31, 2014, respectively.

The amortized cost and fair value of investments in debt securities AFS at September 30, 2015, by estimated average life, are shown below. Receipt of cash flows may differ from estimated average lives and contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.
 
Distribution of Maturities
(Dollars in millions)
1 Year
or Less
 
1-5
Years
 
5-10
Years
 
After 10
Years
 
Total
Amortized Cost:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$25

 

$921

 

$2,074

 

$—

 

$3,020

Federal agency securities
159

 
109

 
14

 
126

 
408

U.S. states and political subdivisions
38

 
13

 
101

 
15

 
167

MBS - agency
2,462

 
11,098

 
3,756

 
5,136

 
22,452

MBS - private
3

 
89

 
8

 
—

 
100

ABS
—

 
12

 
1

 
—

 
13

Corporate and other debt securities
—

 
36

 
—

 
—

 
36

Total debt securities AFS

$2,687

 

$12,278

 

$5,954

 

$5,277

 

$26,196

 
 
 
 
 
 
 
 
 
 
Fair Value:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$25

 

$931

 

$2,109

 

$—

 

$3,065

Federal agency securities
163

 
116

 
14

 
127

 
420

U.S. states and political subdivisions
39

 
13

 
106

 
16

 
174

MBS - agency
2,605

 
11,391

 
3,772

 
5,137

 
22,905

MBS - private
3

 
91

 
8

 
—

 
102

ABS
—

 
13

 
2

 
—

 
15

Corporate and other debt securities
—

 
38

 
—

 
—

 
38

Total debt securities AFS

$2,835

 

$12,593

 

$6,011

 

$5,280

 

$26,719

 Weighted average yield 1
2.35
%
 
2.41
%
 
2.57
%
 
2.80
%
 
2.52
%
1 Weighted average yields are based on amortized cost and presented on an FTE basis.

Securities AFS in an Unrealized Loss Position
The Company held certain investment securities AFS where amortized cost exceeded fair market value, resulting in unrealized loss positions. Market changes in interest rates and credit spreads may result in temporary unrealized losses as the market price of securities fluctuates. At September 30, 2015, the Company did not intend to sell these securities nor was it more-likely-than-not that the Company would be required to sell these securities before their anticipated recovery or maturity. The Company reviewed its portfolio for OTTI in accordance with the accounting policies described in the Company's 2014 Annual Report on Form 10-K. The following tables show securities AFS in an unrealized loss position at period end.
 
September 30, 2015
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
Value
 
Unrealized
Losses 2
 
Fair
Value
 
Unrealized
Losses 2
 
Fair
Value
 
Unrealized
Losses 2
Temporarily impaired securities AFS:
 
 
 
 
 
 
 
 
 
 
 
Federal agency securities

$33

 

$—

 

$35

 

$1

 

$68

 

$1

MBS - agency
3,996

 
35

 
982

 
23

 
4,978

 
58

ABS
—

 
—

 
9

 
—

 
9

 
—

Other equity securities
4

 
1

 
—

 
—

 
4

 
1

Total temporarily impaired securities AFS
4,033

 
36


1,026


24


5,059


60

OTTI securities AFS 1:
 
 
 
 
 
 
 
 
 
 
 
Total OTTI securities AFS
—

 
—

 
—

 
—

 
—

 
—

Total impaired securities AFS

$4,033

 

$36

 

$1,026

 

$24

 

$5,059

 

$60


 
December 31, 2014
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
Value
 
Unrealized
 Losses 2
 
Fair
Value
 
Unrealized
Losses 2
 
Fair
Value
 
Unrealized
 Losses 2
Temporarily impaired securities AFS:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$150

 

$1

 

$—

 

$—

 

$150

 

$1

Federal agency securities
20

 
—

 
132

 
2

 
152

 
2

MBS - agency
2,347

 
6

 
4,911

 
77

 
7,258

 
83

ABS
—

 
—

 
14

 
—

 
14

 
—

Total temporarily impaired securities AFS
2,517

 
7

 
5,057

 
79

 
7,574

 
86

OTTI securities AFS 1:
 
 
 
 
 
 
 
 
 
 
 
MBS - private
69

 
1

 
—

 
—

 
69

 
1

Total OTTI securities AFS
69

 
1

 
—

 
—

 
69

 
1

Total impaired securities AFS

$2,586

 

$8

 

$5,057

 

$79

 

$7,643

 

$87

1 Includes OTTI securities AFS for which credit losses have been recorded in earnings in current or prior periods.
2 Unrealized losses less than $0.5 million are presented as zero within the table.

At September 30, 2015, unrealized losses on securities that have been in a temporarily impaired position for longer than twelve months included agency MBS, federal agency securities, and one ABS collateralized by 2004 vintage home equity loans. Unrealized losses on federal agency securities and agency MBS securities at September 30, 2015 were due to market interest rates being higher than the securities' stated yields. The ABS continues to receive timely principal and interest payments, and is evaluated quarterly for credit impairment. Cash flow analysis shows that the underlying collateral can withstand highly stressed loss assumptions without incurring a credit loss.
The portion of unrealized losses on OTTI securities that relates to factors other than credit is recorded in AOCI. Any unrealized losses related to credit impairment on these securities are determined through estimated cash flow analyses and are recorded in earnings.
Realized Gains and Losses and Other-Than-Temporarily Impaired Securities
Net securities gains/(losses) are comprised of gross realized gains, gross realized losses, and OTTI credit losses recognized in earnings. Gross realized gains of $11 million and $25 million were recognized for the three and nine months ended September 30, 2015, respectively. Gross realized losses of $3 million were recognized for both the three and nine months ended September 30, 2015, and OTTI losses recognized in earnings were immaterial for both periods. For both the three and nine months ended September 30, 2014, gross realized gains of $3 million were recognized. Gross realized losses of $12 million and $13 million were recognized for the three and nine months ended September 30, 2014, respectively, and OTTI losses recognized in earnings were immaterial for the nine months ended September 30, 2014.
Credit impairment that is determined through the use of models is estimated using cash flows on security specific collateral and the transaction structure. Future expected credit losses are determined by using various assumptions, the most significant of which include default rates, prepayment rates, and loss severities. If, based on this analysis, a security is in an unrealized loss position and the Company does not expect to recover the entire amortized cost basis of the security, the expected cash flows are then discounted at the security’s initial effective interest rate to arrive at a present value amount. OTTI credit losses reflect the difference between the present value of cash flows expected to be collected and the amortized cost basis of these securities.
The Company continues to reduce existing exposure on OTTI securities primarily through paydowns. In certain instances, the amount of impairment losses recognized in earnings includes credit losses on debt securities that exceeds the total unrealized losses, and as a result, the securities may have unrealized gains in AOCI relating to factors other than credit.
During the three and nine months ended September 30, 2015, credit impairment recognized on securities AFS still held at the end of each period was immaterial, all of which related to one private MBS with a fair value of approximately $22 million at September 30, 2015. Securities that gave rise to credit impairments recognized during the nine months ended September 30, 2014, consisted of one private MBS with a fair value of approximately $19 million at September 30, 2014. The accumulated balance of credit losses recognized in earnings on securities AFS held at period end was $25 million at both September 30, 2015 and 2014. Subsequent credit losses may be recorded on securities without a corresponding further decline in fair value when there has been a decline in expected cash flows.

Loans
Loans
NOTE 5 - LOANS
Composition of Loan Portfolio
(Dollars in millions)
September 30,
2015
 
December 31, 2014
Commercial loans:
 
 
 
C&I

$65,371

 

$65,440

CRE
6,168

 
6,741

Commercial construction
1,763

 
1,211

Total commercial loans
73,302

 
73,392

Residential loans:
 
 
 
Residential mortgages - guaranteed
627

 
632

Residential mortgages - nonguaranteed 1
24,351

 
23,443

Home equity products
13,416

 
14,264

Residential construction
394

 
436

Total residential loans
38,788

 
38,775

Consumer loans:
 
 
 
Guaranteed student
4,588

 
4,827

Other direct
5,771

 
4,573

Indirect
10,119

 
10,644

Credit cards
992

 
901

Total consumer loans
21,470

 
20,945

LHFI

$133,560

 

$133,112

LHFS 2

$2,032

 

$3,232

1 Includes $262 million and $272 million of LHFI measured at fair value at September 30, 2015 and December 31, 2014, respectively.
2 Includes $1.9 billion of LHFS measured at fair value at both September 30, 2015 and December 31, 2014.
During the three months ended September 30, 2015 and 2014, the Company transferred $38 million and $362 million in LHFI to LHFS, and $75 million and $19 million in LHFS to LHFI, respectively. Additionally, during the three months ended September 30, 2015 and 2014, the Company sold $178 million and $2.3 billion in loans and leases for gains of $9 million and $40 million, respectively.
During the nine months ended September 30, 2015 and 2014, the Company transferred $1.7 billion and $3.2 billion in LHFI to LHFS, and $726 million and $39 million in LHFS to LHFI, respectively. Additionally, during the nine months ended September 30, 2015 and 2014, the Company sold $2.0 billion and $3.0 billion in loans and leases for gains of $22 million and $71 million, respectively.
At September 30, 2015 and December 31, 2014, the Company had $23.3 billion and $26.5 billion of net eligible loan collateral pledged to the Federal Reserve discount window to support $17.0 billion and $18.4 billion of available, unused borrowing capacity, respectively.
At September 30, 2015 and December 31, 2014, the Company had $32.0 billion and $31.2 billion of net eligible loan collateral pledged to the FHLB of Atlanta to support $26.2 billion and $24.3 billion of available borrowing capacity, respectively. The available FHLB borrowing capacity at September 30, 2015 was used to support $408 million of long-term debt and $6.2 billion of letters of credit issued on the Company's behalf. At December 31, 2014, the available FHLB borrowing capacity was used to support $4.0 billion of long-term debt, $4.0 billion of short-term debt, and $7.9 billion of letters of credit issued on the Company's behalf.
Credit Quality Evaluation
The Company evaluates the credit quality of its loan portfolio by employing a dual internal risk rating system, which assigns both PD and LGD ratings to derive expected losses. Assignment of PD and LGD ratings are predicated upon numerous factors, including consumer credit risk scores, rating agency information, borrower/guarantor financial capacity, LTV ratios, collateral type, debt service coverage ratios, collection experience, other internal metrics/analyses, and/or qualitative assessments.
For the commercial portfolio, the Company believes that the most appropriate credit quality indicator is an individual loan’s risk assessment expressed according to the broad regulatory agency classifications of Pass or Criticized. The Company's risk rating system is granular, with multiple risk ratings in both the Pass and Criticized categories. Pass ratings reflect relatively low PDs, whereas, Criticized assets have higher PDs. The granularity in Pass ratings assists in the establishment of pricing, loan structures, approval requirements, reserves, and ongoing credit management requirements. The Company conforms to the following regulatory classifications for Criticized assets: Other Assets Especially Mentioned (or Special Mention), Adversely Classified, Doubtful, and Loss. However, for the purposes of disclosure, management believes the most meaningful distinction within the Criticized categories is between Accruing Criticized (which includes Special Mention and a portion of Adversely Classified) and Nonaccruing Criticized (which includes a portion of Adversely Classified and Doubtful and Loss). This distinction identifies those relatively higher risk loans for which there is a basis to believe that the Company will collect all amounts due from those where full collection is less certain. Commercial risk ratings are refreshed at least annually, or more frequently as appropriate, based upon considerations such as market conditions, borrower characteristics, and portfolio trends. Additionally, management routinely reviews portfolio risk ratings, trends, and concentrations to support risk identification and mitigation activities. The increase in criticized accruing C&I loans at September 30, 2015 compared to December 31, 2014, as presented in the following risk rating table, was due to loans primarily in the energy industry vertical that were downgraded to substandard during the first nine months of 2015.
For consumer and residential loans, the Company monitors credit risk based on indicators such as delinquencies and FICO scores. The Company believes that consumer credit risk, as assessed by the industry-wide FICO scoring method, is a relevant credit quality indicator. Borrower-specific FICO scores are obtained at origination as part of the Company’s formal underwriting process, and refreshed FICO scores are obtained by the Company at least quarterly.
For government-guaranteed loans, the Company monitors the credit quality based primarily on delinquency status, as it is a more relevant indicator of credit quality due to the government guarantee. At September 30, 2015 and December 31, 2014, 32% and 28%, respectively, of the guaranteed residential loan portfolio was current with respect to payments. At September 30, 2015 and December 31, 2014, 81% and 79%, respectively, of the guaranteed student loan portfolio was current with respect to payments. The Company's loss exposure on guaranteed residential and student loans is mitigated by the government guarantee.

LHFI by credit quality indicator are shown in the tables below:
 
Commercial Loans
 
C&I
 
CRE
 
Commercial Construction
(Dollars in millions)
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
Pass

$63,826

 

$64,228

 

$6,033

 

$6,586

 

$1,739

 

$1,196

Criticized accruing
1,423

 
1,061

 
120

 
134

 
23

 
14

Criticized nonaccruing
122

 
151

 
15

 
21

 
1

 
1

Total

$65,371

 

$65,440

 

$6,168

 

$6,741

 

$1,763

 

$1,211


 
Residential Loans 1
 
Residential Mortgages -
Nonguaranteed
 
Home Equity Products
 
Residential Construction
(Dollars in millions)
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$19,936

 

$18,780

 

$10,897

 

$11,475

 

$321

 

$347

620 - 699
3,330

 
3,369

 
1,827

 
1,991

 
59

 
70

Below 620 2
1,085

 
1,294

 
692

 
798

 
14

 
19

Total

$24,351

 

$23,443

 

$13,416

 

$14,264

 

$394

 

$436


 
Consumer Loans 3
 
Other Direct
 
Indirect
 
Credit Cards
(Dollars in millions)
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$5,180

 

$4,023

 

$7,053

 

$7,661

 

$690

 

$639

620 - 699
536

 
476

 
2,426

 
2,335

 
245

 
212

Below 620 2
55

 
74

 
640

 
648

 
57

 
50

Total

$5,771

 

$4,573

 

$10,119

 

$10,644

 

$992

 

$901


1 Excludes $627 million and $632 million of guaranteed residential loans at September 30, 2015 and December 31, 2014, respectively.
2 For substantially all loans with refreshed FICO scores below 620, the borrower’s FICO score at the time of origination exceeded 620 but has since deteriorated as the loan has seasoned.
3 Excludes $4.6 billion and $4.8 billion of guaranteed student loans at September 30, 2015 and December 31, 2014, respectively.

The payment status for the LHFI portfolio is shown in the tables below:

 
September 30, 2015
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$65,148

 

$89

 

$12

 

$122

 

$65,371

CRE
6,150

 
2

 
1

 
15

 
6,168

Commercial construction
1,762

 
—

 
—

 
1

 
1,763

Total commercial loans
73,060

 
91

 
13

 
138

 
73,302

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
200

 
51

 
376

 
—

 
627

Residential mortgages - nonguaranteed 1
24,081

 
105

 
9

 
156

 
24,351

Home equity products
13,189

 
81

 
—

 
146

 
13,416

Residential construction
375

 
3

 
—

 
16

 
394

Total residential loans
37,845

 
240

 
385

 
318

 
38,788

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student
3,724

 
367

 
497

 
—

 
4,588

Other direct
5,742

 
22

 
3

 
4

 
5,771

Indirect
10,032

 
83

 
1

 
3

 
10,119

Credit cards
978

 
8

 
6

 
—

 
992

Total consumer loans
20,476

 
480

 
507

 
7

 
21,470

Total LHFI

$131,381

 

$811

 

$905

 

$463

 

$133,560

1 Includes $262 million of loans measured at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $278 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans which are classified as nonaccrual when the first lien loan is nonperforming. 


 
December 31, 2014
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$65,246

 

$36

 

$7

 

$151

 

$65,440

CRE
6,716

 
3

 
1

 
21

 
6,741

Commercial construction
1,209

 
1

 
—

 
1

 
1,211

Total commercial loans
73,171

 
40

 
8

 
173

 
73,392

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
176

 
34

 
422

 
—

 
632

Residential mortgages - nonguaranteed 1
23,067

 
108

 
14

 
254

 
23,443

Home equity products
13,989

 
101

 
—

 
174

 
14,264

Residential construction
402

 
7

 
—

 
27

 
436

Total residential loans
37,634

 
250

 
436

 
455

 
38,775

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student
3,801

 
425

 
601

 
—

 
4,827

Other direct
4,545

 
19

 
3

 
6

 
4,573

Indirect
10,537

 
104

 
3

 
—

 
10,644

Credit cards
887

 
8

 
6

 
—

 
901

Total consumer loans
19,770

 
556

 
613

 
6

 
20,945

Total LHFI

$130,575

 

$846

 

$1,057

 

$634

 

$133,112

1 Includes $272 million of loans measured at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $388 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans which are classified as nonaccrual when the first lien loan is nonperforming.

Impaired Loans
A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the agreement. Commercial nonaccrual loans greater than $3 million and certain commercial, residential, and consumer loans whose terms have been modified in a TDR are individually evaluated for impairment. Smaller-balance homogeneous loans that are collectively evaluated for impairment are not included in the following tables. Additionally, the tables below exclude guaranteed student loans and guaranteed residential mortgages for which there was nominal risk of principal loss.

 
September 30, 2015
 
December 31, 2014
(Dollars in millions)
Unpaid
Principal
Balance
 
Amortized
 Cost 1
 
Related
Allowance
 
Unpaid
Principal
Balance
 
Amortized
 Cost 1
 
Related
Allowance
Impaired loans with no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I

$59

 

$49

 

$—

 

$70

 

$51

 

$—

CRE
11

 
9

 
—

 
12

 
11

 
—

Total commercial loans
70

 
58

 
—

 
82

 
62

 
—

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
431

 
326

 
—

 
592

 
425

 
—

Residential construction
24

 
9

 
—

 
31

 
9

 
—

Total residential loans
455

 
335

 
—

 
623

 
434

 
—

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I
14

 
12

 
7

 
27

 
26

 
7

CRE
—

 
—

 
—

 
4

 
4

 
4

Total commercial loans
14

 
12

 
7

 
31

 
30

 
11

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
1,451

 
1,395

 
181

 
1,381

 
1,354

 
215

Home equity products
709

 
637

 
60

 
703

 
630

 
66

Residential construction
128

 
124

 
14

 
145

 
145

 
19

Total residential loans
2,288

 
2,156

 
255

 
2,229

 
2,129

 
300

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
Other direct
11

 
11

 
1

 
13

 
13

 
1

Indirect
113

 
112

 
5

 
105

 
105

 
5

Credit cards
24

 
6

 
1

 
25

 
8

 
2

Total consumer loans
148

 
129

 
7

 
143

 
126

 
8

Total impaired loans

$2,975

 

$2,690

 

$269

 

$3,108

 

$2,781

 

$319

1 Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce the net book balance.



Included in the impaired loan balances above at both September 30, 2015 and December 31, 2014 were $2.5 billion of accruing TDRs at amortized cost, of which 97% and 96% were current, respectively. See Note 1, “Significant Accounting Policies,” to the Company's 2014 Annual Report on Form 10-K for further information regarding the Company’s loan impairment policy.



 
Three Months Ended September 30
 
Nine Months Ended September 30
 
2015
 
2014
 
2015
 
2014
(Dollars in millions)
Average
Amortized
Cost
 
Interest
Income
Recognized1
 
Average
Amortized
Cost
 
Interest
Income
Recognized1
 
Average
Amortized
Cost
 
Interest
Income
Recognized1
 
Average
Amortized
Cost
 
Interest
Income
Recognized1
Impaired loans with no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I

$51

 

$—

 

$65

 

$—

 

$53

 

$1

 

$68

 

$1

CRE
9

 
—

 
15

 
—

 
10

 
—

 
16

 
—

Total commercial loans
60

 
—

 
80

 
—

 
63

 
1

 
84

 
1

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
330

 
4

 
454

 
5

 
335

 
11

 
467

 
14

Residential construction
9

 
—

 
14

 
—

 
11

 
—

 
15

 
—

Total residential loans
339

 
4

 
468

 
5

 
346

 
11

 
482

 
14

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
20

 
—

 
45

 
—

 
23

 
1

 
46

 
1

CRE
—

 
—

 
10

 
—

 
—

 
—

 
9

 
—

Total commercial loans
20

 
—

 
55

 
—

 
23

 
1

 
55

 
1

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
1,393

 
17

 
1,467

 
18

 
1,396

 
52

 
1,443

 
59

Home equity products
640

 
7

 
668

 
7

 
646

 
21

 
662

 
20

Residential construction
124

 
2

 
164

 
2

 
125

 
6

 
162

 
6

Total residential loans
2,157

 
26

 
2,299

 
27

 
2,167

 
79

 
2,267

 
85

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other direct
12

 
—

 
14

 
—

 
12

 
—

 
14

 
—

Indirect
114

 
1

 
116

 
1

 
119

 
4

 
110

 
4

Credit cards
6

 
—

 
10

 
—

 
7

 
—

 
11

 
1

Total consumer loans
132

 
1

 
140

 
1

 
138

 
4

 
135

 
5

Total impaired loans

$2,708

 

$31

 

$3,042

 

$33

 

$2,737

 

$96

 

$3,023

 

$106

1 Of the interest income recognized during the three and nine months ended September 30, 2015, cash basis interest income was $1 million and $3 million, respectively.
Of the interest income recognized during the three and nine months ended September 30, 2014, cash basis interest income was less than $1 million and $2 million, respectively.


NPAs are shown in the following table:

(Dollars in millions)
September 30, 2015
 
December 31, 2014
Nonaccrual/NPLs:
 
 
 
Commercial loans:
 
 
 
C&I

$122

 

$151

CRE
15

 
21

Commercial construction
1

 
1

Residential loans:
 
 
 
Residential mortgages - nonguaranteed
156

 
254

Home equity products
146

 
174

Residential construction
16

 
27

Consumer loans:
 
 
 
Other direct
4

 
6

Indirect
3

 
—

Total nonaccrual/NPLs 1
463

 
634

OREO 2
62

 
99

Other repossessed assets
7

 
9

Nonperforming LHFS
—

 
38

Total NPAs

$532

 

$780

1 Nonaccruing restructured loans are included in total nonaccrual/NPLs.
2 Does not include foreclosed real estate related to loans insured by the FHA or the VA. Proceeds due from the FHA and the VA are recorded as a receivable in other assets in the Consolidated Balance Sheets until the funds are received and the property is conveyed. The receivable amount related to proceeds due from the FHA or the VA totaled $50 million and $57 million at September 30, 2015 and December 31, 2014, respectively.



The Company's recorded investment of nonaccruing loans secured by residential real estate properties for which formal foreclosure proceedings are in process at September 30, 2015 and December 31, 2014 was $99 million and $152 million, respectively, included in NPLs in the table above. The Company's recorded investment of accruing loans secured by residential real estate properties for which formal foreclosure proceedings are in process at September 30, 2015 and December 31, 2014 was $169 million and $194 million, of which $158 million and $179 million were insured by the FHA or the VA, respectively.
At September 30, 2015 and December 31, 2014, OREO was comprised of $50 million and $75 million of foreclosed residential real estate properties and $8 million and $16 million of foreclosed commercial real estate properties, respectively, with the remainder related to land and other properties.


Restructured Loans
A TDR is a loan for which the Company has granted an economic concession to the borrower, in response to certain instances of financial difficulty experienced by the borrower that the Company would not have otherwise considered. When a loan is modified under the terms of a TDR, the Company typically offers the borrower an extension of the loan maturity date and/or a reduction in the original contractual interest rate. In certain situations, the Company may offer to restructure a loan in a manner that ultimately results in the forgiveness of a contractually specified principal balance.
At both September 30, 2015 and December 31, 2014, the Company had an immaterial amount of commitments to lend additional funds to debtors whose terms have been modified in a TDR. The number and amortized cost of loans modified under the terms of a TDR by type of modification are shown in the following tables.
 
Three Months Ended September 30, 2015 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
18
 

$—

 

$—

 

$—

 

$—

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
175
 
3

 
32

 
10

 
45

Home equity products
419
 
—

 
7

 
21

 
28

Residential construction
6
 
—

 
—

 
—

 
—

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
10
 
—

 
—

 
—

 
—

Indirect
611
 
—

 
—

 
13

 
13

Credit cards
157
 
—

 
1

 
—

 
1

Total TDRs
1,396
 

$3

 

$40

 

$44

 

$87


 
Nine Months Ended September 30, 2015 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
63
 

$—

 

$1

 

$5

 

$6

CRE
1
 
—

 
—

 
—

 
—

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
632
 
10

 
95

 
20

 
125

Home equity products
1,386
 
—

 
20

 
62

 
82

Residential construction
17
 
—

 
—

 
—

 
—

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
47
 
—

 
—

 
1

 
1

Indirect
1,999
 
—

 
—

 
39

 
39

Credit cards
529
 
—

 
2

 
—

 
2

Total TDRs
4,674
 

$10

 

$118

 

$127

 

$255

1 Includes loans modified under the terms of a TDR that were charged-off during the period.
2 Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during both the three and nine months ended September 30, 2015 was immaterial.


 
Three Months Ended September 30, 2014 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
23
 

$—

 

$—

 

$8

 

$8

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
266
 
2

 
26

 
8

 
36

Home equity products
503
 
—

 
1

 
22

 
23

Residential construction
1
 
—

 
—

 
—

 
—

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
21
 
—

 
—

 
—

 
—

Indirect
638
 
—

 
—

 
12

 
12

Credit cards
123
 
—

 
1

 
—

 
1

Total TDRs
1,575
 

$2

 

$28

 

$50

 

$80


 
Nine Months Ended September 30, 2014 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
66
 

$—

 

$—

 

$22

 

$22

CRE
4
 
3

 
—

 
3

 
6

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
944
 
8

 
105

 
38

 
151

Home equity products
1,407
 
—

 
6

 
59

 
65

Residential construction
11
 
—

 
1

 
—

 
1

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
59
 
—

 
—

 
1

 
1

Indirect
2,189
 
—

 
—

 
43

 
43

Credit cards
350
 
—

 
2

 
—

 
2

Total TDRs
5,030
 

$11

 

$114

 

$166

 

$291

1 Includes loans modified under the terms of a TDR that were charged-off during the period.
2 Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during both the three and nine months ended September 30, 2014 was immaterial.


For the three and nine months ended September 30, 2015, the table below represents defaults on loans that were first modified between the periods January 1, 2014 and September 30, 2015 that became 90 days or more delinquent or were charged-off during the period.
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
(Dollars in millions)
Number of Loans
 
Amortized Cost
 
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
 
 
 
 
C&I
13

 

$—

 
25

 

$1

Residential loans:
 
 
 
 
 
 
 
Residential mortgages
25

 
3

 
80

 
12

Home equity products
33

 
2

 
95

 
4

Consumer loans:
 
 
 
 
 
 
 
Other direct
2

 
—

 
3

 
—

Indirect
47

 
—

 
118

 
1

Credit cards
22

 
—

 
45

 
—

Total TDRs
142

 

$5

 
366

 

$18



For the three and nine months ended September 30, 2014, the table below represents defaults on loans that were first modified between the periods January 1, 2013 and September 30, 2014 that became 90 days or more delinquent or were charged-off during the period.
 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2014
(Dollars in millions)
Number of Loans
 
Amortized Cost
 
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
 
 
 
 
C&I
30
 

$3

 
77
 

$8

Residential loans:
 
 
 
 
 
 
 
Residential mortgages
46
 
6

 
135
 
16

Home equity products
28
 
1

 
75
 
4

Residential construction
—

 
—

 
6
 
—

Consumer loans:
 
 
 
 
 
 
 
Other direct
3

 
—

 
8
 
—

Indirect
45
 
—

 
134
 
1

Credit cards
60
 
—

 
143
 
1

Total TDRs
212

 

$10

 
578
 

$30


The majority of loans that were modified and subsequently became 90 days or more delinquent have remained on nonaccrual status since the time of modification.
Concentrations of Credit Risk
The Company does not have a significant concentration of risk to any individual client except for the U.S. government and its agencies. However, a geographic concentration arises because the Company operates primarily in the Southeastern and Mid-Atlantic regions of the U.S. The Company engages in limited international banking activities. The Company’s total cross-border outstanding loans were $1.4 billion and $1.3 billion at September 30, 2015 and December 31, 2014, respectively.
With respect to collateral concentration, at September 30, 2015, the Company owned $38.8 billion in loans secured by residential real estate, representing 29% of total LHFI. Additionally, the Company had $10.6 billion in commitments to extend credit on home equity lines and $4.0 billion in mortgage loan commitments at September 30, 2015. At December 31, 2014, the Company owned $38.8 billion in loans secured by residential real estate, representing 29% of total LHFI, and had $10.9 billion in commitments to extend credit on home equity lines and $3.3 billion in mortgage loan commitments. At both September 30, 2015 and December 31, 2014, 2% of residential loans owned were guaranteed by a federal agency or a GSE.
The following table presents loans in the residential mortgage portfolio that included a high original LTV ratio (in excess of 80%), an interest only feature, and/or a second lien position that may increase the Company’s exposure to credit risk and result in a concentration of credit risk. At September 30, 2015 and December 31, 2014, borrowers' current weighted average FICO score on these loans was 744 and 738, respectively.
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Interest only mortgages with MI or
with combined original LTV ≤ 80% 1

$1,892

 

$3,180

Interest only mortgages with no MI
and with combined original LTV > 80% 1
620

 
873

Total interest only mortgages 1
2,512

 
4,053

Amortizing mortgages with combined original LTV > 80% and/or second liens 2
8,154

 
7,368

Total mortgages with potential concentration of credit risk

$10,666

 

$11,421

1 Comprised of first and/or second liens, primarily with an initial 10 year interest only period.
2 Comprised of loans with no MI.
Allowance for Credit Losses
Allowance for Credit Losses
NOTE 6 - ALLOWANCE FOR CREDIT LOSSES
The allowance for credit losses consists of the ALLL and the unfunded commitments reserve. Activity in the allowance for credit losses is summarized in the following table:
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Balance, beginning of period

$1,886

 

$2,046

 

$1,991

 

$2,094

Provision for loan losses
23

 
93

 
107

 
275

Provision/(benefit) for unfunded commitments
9

 
—

 
7

 
(7
)
Loan charge-offs
(102
)
 
(164
)
 
(356
)
 
(473
)
Loan recoveries
31

 
36

 
98

 
122

Balance, end of period

$1,847

 

$2,011

 

$1,847

 

$2,011

 
 
 
 
 
 
 
 
Components:
 
 
 
 
 
 
 
ALLL
 
 
 
 

$1,786

 

$1,968

Unfunded commitments reserve 1
 
 
 
 
61

 
43

Allowance for credit losses
 
 
 
 

$1,847

 

$2,011

1 The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.
Activity in the ALLL by loan segment for the three and nine months ended September 30, 2015 and 2014 is presented in the following tables:
 
Three Months Ended September 30, 2015
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$993

 

$676

 

$165

 

$1,834

Provision/(benefit) for loan losses
33

 
(39
)
 
29

 
23

Loan charge-offs
(23
)
 
(47
)
 
(32
)
 
(102
)
Loan recoveries
10

 
11

 
10

 
31

Balance, end of period

$1,013

 

$601

 

$172

 

$1,786

 
 
 
 
 

 

 
Three Months Ended September 30, 2014
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$958

 

$875

 

$170

 

$2,003

Provision for loan losses
25

 
34

 
34

 
93

Loan charge-offs
(26
)
 
(104
)
 
(34
)
 
(164
)
Loan recoveries
14

 
12

 
10

 
36

Balance, end of period

$971

 

$817

 

$180

 

$1,968

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$986

 

$777

 

$174

 

$1,937

Provision/(benefit) for loan losses
74

 
(30
)
 
63

 
107

Loan charge-offs
(82
)
 
(177
)
 
(97
)
 
(356
)
Loan recoveries
35

 
31

 
32

 
98

Balance, end of period

$1,013

 

$601

 

$172

 

$1,786

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$946

 

$930

 

$168

 

$2,044

Provision for loan losses
82

 
114

 
79

 
275

Loan charge-offs
(97
)
 
(279
)
 
(97
)
 
(473
)
Loan recoveries
40

 
52

 
30

 
122

Balance, end of period

$971

 

$817

 

$180

 

$1,968



As discussed in Note 1, “Significant Accounting Policies,” to the Company's 2014 Annual Report on Form 10-K, the ALLL is composed of both specific allowances for certain nonaccrual loans and TDRs and general allowances grouped into loan pools based on similar characteristics. No allowance is required for loans measured at fair value. Additionally, the Company records an immaterial allowance for loan products that are guaranteed by government agencies, as there is nominal risk of principal loss. The Company’s LHFI portfolio and related ALLL is presented in the following tables.

 
September 30, 2015
 
Commercial
 
Residential
 
Consumer
 
Total
(Dollars in millions)
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
Individually evaluated

$70

 

$7

 

$2,491

 

$255

 

$129

 

$7

 

$2,690

 

$269

Collectively evaluated
73,232

 
1,006

 
36,035

 
346

 
21,341

 
165

 
130,608

 
1,517

Total evaluated
73,302

 
1,013

 
38,526

 
601

 
21,470

 
172

 
133,298

 
1,786

LHFI at fair value
—

 
—

 
262

 
—

 
—

 
—

 
262

 
—

Total LHFI

$73,302

 

$1,013

 

$38,788

 

$601

 

$21,470

 

$172

 

$133,560

 

$1,786


 
December 31, 2014
 
Commercial
 
Residential
 
Consumer
 
Total
(Dollars in millions)
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
Individually evaluated

$92

 

$11

 

$2,563

 

$300

 

$126

 

$8

 

$2,781

 

$319

Collectively evaluated
73,300

 
975

 
35,940

 
477

 
20,819

 
166

 
130,059

 
1,618

Total evaluated
73,392

 
986

 
38,503

 
777

 
20,945

 
174

 
132,840

 
1,937

LHFI at fair value
—

 
—

 
272

 
—

 
—

 
—

 
272

 
—

Total LHFI

$73,392

 

$986

 

$38,775

 

$777

 

$20,945

 

$174

 

$133,112

 

$1,937

Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
NOTE 7 – GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The Company conducts a goodwill impairment test at the reporting unit level at least annually, or more frequently as events occur or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. In the third quarter of 2015, the Company performed a quantitative assessment of its goodwill and concluded that the fair values of its reporting units exceeded their respective carrying values. Additionally, in the third quarter of 2015, the Company elected to prospectively change the date of its annual goodwill impairment test from September 30 to October 1 to better align the timing of the test with the availability of key inputs. See Note 1, "Significant Accounting Policies" to the Company's 2014 Annual Report on Form 10-K for additional information regarding the Company's goodwill accounting policy.
There were no changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2015. Changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2014 are as follows:
(Dollars in millions)
Consumer Banking and Private Wealth Management
 
Wholesale Banking
 
Total
Balance, January 1, 2014

$4,262

 

$2,107

 

$6,369

Acquisition of Lantana Oil and Gas Partners, Inc.
—

 
8

 
8

Sale of RidgeWorth
—

 
(40
)
 
(40
)
Balance, September 30, 2014

$4,262

 

$2,075

 

$6,337



Other Intangible Assets
Changes in the carrying amounts of other intangible assets for the nine months ended September 30 are as follows:
(Dollars in millions)
 MSRs -
Fair Value
 
Other
 
Total
Balance, January 1, 2015

$1,206

 

$13

 

$1,219

Amortization 1
—

 
(6
)
 
(6
)
Servicing rights originated
185

 
13

 
198

Servicing rights purchased
109

 
—

 
109

Changes in fair value:
 
 
 
 

Due to changes in inputs and assumptions 2
(74
)
 
—

 
(74
)
Other changes in fair value 3
(161
)
 
—

 
(161
)
Servicing rights sold
(3
)
 
—

 
(3
)
Balance, September 30, 2015

$1,262

 

$20

 

$1,282

 
 
 
 
 
 
Balance, January 1, 2014

$1,300

 

$34

 

$1,334

Amortization 1
—

 
(10
)
 
(10
)
Servicing rights originated
137

 
—

 
137

Servicing rights purchased
109

 
—

 
109

Changes in fair value:
 
 
 
 


Due to changes in inputs and assumptions 2
(117
)
 
—

 
(117
)
Other changes in fair value 3
(123
)
 
—

 
(123
)
Servicing rights sold
(1
)
 
—

 
(1
)
Sale of RidgeWorth
—

 
(9
)
 
(9
)
Balance, September 30, 2014

$1,305

 

$15

 

$1,320

1 Does not include amortization of tax credits for non-qualified community development investments. See Note 8, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.
2 Primarily reflects changes in option adjusted spreads and prepayment speed assumptions, due to changes in interest rates.
3 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.


The Company's estimated future amortization of intangible assets subject to amortization was immaterial at September 30, 2015.

Servicing Rights
The Company retains servicing rights for certain of its sales or securitizations of residential mortgage and consumer indirect loans. MSRs on residential mortgage loans and servicing rights on consumer indirect loans are the only servicing assets capitalized by the Company and are classified within other intangible assets on the Company's Consolidated Balance Sheets.

Mortgage Servicing Rights
Income earned by the Company on its MSRs is derived primarily from contractually specified mortgage servicing fees and late fees, net of curtailment costs. Such income earned for the three and nine months ended September 30, 2015 was $89 million and $254 million, respectively, and $81 million and $241 million for the three and nine months ended September 30, 2014, respectively. These amounts are reported in mortgage servicing related income in the Consolidated Statements of Income.
At September 30, 2015 and December 31, 2014, the total UPB of mortgage loans serviced was $149.2 billion and $142.1 billion, respectively. Included in these amounts were $122.0 billion and $115.5 billion at September 30, 2015 and December 31, 2014, respectively, of loans serviced for third parties. The Company purchased MSRs on residential loans with a UPB of $10.3 billion during the nine months ended September 30, 2015, all of which are reflected in the UPB amounts above. The Company purchased MSRs on residential loans with a UPB of $9.0 billion during the nine months ended September 30, 2014. During the nine months ended September 30, 2015 and 2014, the Company sold MSRs on residential loans, at a price approximating their fair value, with a UPB of $590 million and $612 million, respectively.
The Company calculates the fair value of MSRs using a valuation model that calculates the present value of estimated future net servicing income using prepayment projections, spreads, and other assumptions. Senior management and the STM Valuation Committee review all significant assumptions at least quarterly, comparing these inputs to various sources of market data. Changes to valuation model inputs are reflected in the periods' results. See Note 14, “Fair Value Election and Measurement,” for further information regarding the Company's MSR valuation methodology.
A summary of the key inputs used to estimate the fair value of the Company’s MSRs at September 30, 2015 and December 31, 2014, and the sensitivity of the fair values to immediate 10% and 20% adverse changes in those inputs, are presented in the following table.
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Fair value of MSRs

$1,262

 

$1,206

Prepayment rate assumption (annual)
11
%
 
11
%
Decline in fair value from 10% adverse change

$51

 

$46

Decline in fair value from 20% adverse change
98

 
88

Option adjusted spread (annual)
8
%
 
10
%
Decline in fair value from 10% adverse change

$55

 

$55

Decline in fair value from 20% adverse change
105

 
105

Weighted-average life (in years)
6.4

 
6.4

Weighted-average coupon
4.1
%
 
4.2
%


These MSR sensitivities are hypothetical and should be used with caution. Changes in fair value based on variations in assumptions generally cannot be extrapolated because (i) the relationship of the change in an assumption to the change in fair value may not be linear and (ii) changes in one assumption may result in changes in another, which might magnify or counteract the sensitivities. The sensitivities do not reflect the effect of hedging activity undertaken by the Company to offset changes in the fair value of MSRs. See Note 13, “Derivative Financial Instruments,” for further information regarding these hedging activities.

Consumer Loan Servicing Rights
In June 2015, the Company completed the securitization of $1.0 billion of indirect auto loans, with servicing rights retained, and recognized a $13 million servicing asset at the time of sale. See Note 8, “Certain Transfers of Financial Assets and Variable Interest Entities," for additional information on the Company's securitization transactions.
Income earned by the Company on its consumer loan servicing rights is derived primarily from contractually specified servicing fees and other ancillary fees. Such income earned for the three and nine months ended September 30, 2015 was $2 million and $3 million, respectively, and is reported in other noninterest income in the Consolidated Statements of Income. There was no income earned on consumer loan servicing rights for the three and nine months ended September 30, 2014.
At September 30, 2015, the total UPB of consumer indirect loans serviced was $889 million, all of which were serviced for third parties. No consumer loan servicing rights were purchased or sold during the nine months ended September 30, 2015 and 2014.
Consumer loan servicing rights are accounted for at amortized cost and are monitored for impairment on an ongoing basis. The Company calculates the fair value of consumer servicing rights using a valuation model that calculates the present value of estimated future net servicing income using prepayment projections and other assumptions. Impairment, if any, is recognized when changes in valuation model inputs reflect a fair value for the servicing asset that is below its respective carrying value. At September 30, 2015, both the amortized cost and the fair value of the Company's consumer loan servicing rights were $11 million.
Certain Transfers of Financial Assets and Variable Interest Entities
Transfers and Servicing of Financial Assets [Text Block]
NOTE 8 - CERTAIN TRANSFERS OF FINANCIAL ASSETS AND VARIABLE INTEREST ENTITIES
Certain Transfers of Financial Assets and Related Variable
Interest Entities
The Company has transferred loans and securities in sale or securitization transactions in which the Company has, or had, continuing involvement such as owning certain beneficial interests and servicing rights. Cash receipts on interests held related to these transfers were $6 million and $14 million for the three and nine months ended September 30, 2015, and $2 million and $14 million for the three and nine months ended September 30, 2014, respectively. The servicing and management fees related to these asset transfers (excluding servicing fees for residential mortgage loan transfers to GSEs, which are discussed in Note 7, “Goodwill and Other Intangible Assets”) were immaterial for the three and nine months ended September 30, 2015 and 2014. Except as specifically noted herein, the Company is not required to provide additional financial support to any of the entities to which the Company has transferred financial assets, nor has the Company provided any support it was not otherwise obligated to provide.
When a transfer or other transaction occurs with a VIE, the Company first determines whether it has a VI in the VIE. A VI is typically in the form of securities representing retained interests in transferred assets and, at times, servicing rights and collateral manager fees. If the Company has a VI in an entity, it then evaluates whether or not it has both (1) the power to direct the activities that most significantly impact the economic performance of the VIE, and (2) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE to determine if the Company should consolidate the VIE. If the entity is not consolidated, then an evaluation of whether the transfer is a sale or a secured borrowing is necessary.
To determine whether a transfer should be accounted for as a sale, the Company evaluates whether: (i) the transferred assets are legally isolated, (ii) the transferee has the right to pledge or exchange the transferred assets, and (iii) the Company has relinquished effective control of the transferred assets. If these three conditions are met, then the transfer is accounted for as a sale.
No events occurred during the nine months ended September 30, 2015 that changed the Company’s previous conclusions regarding whether it is the primary beneficiary of the VIEs described herein. Likewise, no events occurred during the nine months ended September 30, 2015 that changed the Company’s sale accounting conclusion in regards to previously transferred residential mortgage loans, indirect auto loans, student loans, or commercial and corporate loans.
Below is a summary of transfers of financial assets to VIEs for which the Company has retained some level of continuing involvement, which supplements Note 10, "Certain Transfers of Financial Assets and Variable Interest Entities," to the Consolidated Financial Statements in the Company's 2014 Annual Report on Form 10-K.

Residential Mortgage Loans
The Company typically transfers first lien residential mortgage loans in conjunction with Ginnie Mae, Fannie Mae, and Freddie Mac securitization transactions, whereby the loans are exchanged for cash or securities that are readily redeemable for cash and servicing rights are retained.
The Company sold residential mortgage loans to the GSEs noted above, which resulted in pre-tax net gains of $48 million and $50 million for the three months ended September 30, 2015 and 2014, respectively, and $171 million and $155 million for the nine months ended September 30, 2015 and 2014, respectively. Net gains on the sale of residential mortgage loans are recorded at inception of the associated IRLCs within mortgage production related income in the Consolidated Statements of Income. The net gains reflect the change in value of the loans resulting from changes in interest rates from the time the Company enters into the related IRLCs with borrowers, but do not include the results of hedging activities initiated by the Company to mitigate this market risk. See Note 13, “Derivative Financial Instruments,” for further discussion of the Company’s hedging activities. As the seller, the Company has made certain representations and warranties with respect to the originally transferred loans, including those transferred under Ginnie Mae, Fannie Mae, and Freddie Mac programs; these representations and warranties are discussed in Note 12, “Guarantees.”
In a limited number of securitizations, the Company has received securities in addition to cash (while also retaining servicing rights) in exchange for the transferred loans. The securities received are measured at fair value and classified as securities AFS. At September 30, 2015 and December 31, 2014, the fair value of securities received totaled $43 million and $55 million, respectively.
The Company evaluated its securitization entities, which were deemed VIEs, for potential consolidation. Notwithstanding the Company's role as servicer, the Company typically does not have power over the securitization entities as a result of rights held by the master servicer. However, in certain transactions, the Company does have power as the servicer, but does not have an obligation to absorb losses or the right to receive benefits that could potentially be significant. In all such cases, the Company does not consolidate the securitization entity. Total assets at September 30, 2015 and December 31, 2014, of the unconsolidated trusts in which the Company has a VI were $251 million and $288 million, respectively.
The Company’s maximum exposure to loss related to the unconsolidated residential mortgage loan VIEs in which it holds a VI is comprised of the loss of value of any interests it retains, and any repurchase obligations it incurs as a result of a breach of representations and warranties, discussed further in Note 12, “Guarantees.”
Commercial and Corporate Loans
The Company holds securities issued by CLO entities that own commercial leveraged loans and bonds, certain of which were transferred to the entities by the Company. These entities had estimated assets of $584 million and $704 million and estimated liabilities of $541 million and $654 million at September 30, 2015 and December 31, 2014, respectively. The Company's holdings include a preference share exposure valued at $2 million and $3 million at September 30, 2015 and December 31, 2014, respectively, and a senior interest exposure valued at $11 million and $18 million at September 30, 2015 and December 31, 2014, respectively. The Company has determined that the CLO entities are VIEs and that it is not the primary beneficiary of these entities because it does not possess the power to direct the activities that most significantly impact the economic performance of the entities.
Consumer Loans
Guaranteed Student Loans
During 2006, the Company securitized government-guaranteed student loans through a transfer of loans to a securitization entity and retained the residual interest in the entity. The Company concluded that this entity should be consolidated since it has the power to direct the activities that most significantly impact the economic performance of the VIE, and has the obligation to absorb losses and the right to receive benefits that could potentially be significant. At September 30, 2015 and December 31, 2014, the Company’s Consolidated Balance Sheets reflected $273 million and $306 million, respectively, of assets held by the securitization entity and $270 million and $302 million, respectively, of debt issued by the entity.
To the extent that the securitization entity incurs losses on its assets, the securitization entity has recourse to the guarantor of the underlying loan, which is backed by the Department of Education up to a maximum guarantee of 100%. Losses in excess of the government guarantee reduce the amount of available cash payable to the Company as the owner of the residual interest. To the extent that losses result from a breach of servicing responsibilities, the securitization entity has recourse to the Company, which functions as the master servicer; the Company may be required to repurchase the defaulting loan(s) from the securitization entity at par value. If the breach was caused by the subservicer, the Company would seek reimbursement from the subservicer up to the guaranteed amount. The Company’s maximum exposure to loss related to the securitization entity would arise from a breach of its servicing responsibilities. To date, loss claims filed with the guarantor that have been denied due to servicing errors have either been, or are in the process of being cured, or reimbursement has been provided to the Company by the subservicer or in very limited cases, absorbed by the Company.
Indirect Auto Loans
In June 2015, the Company transferred indirect auto loans to a securitization entity and accounted for the transfer as a sale. The Company retained servicing rights for the transferred loans, but did not retain any debt or equity interest in the securitization entity, which was determined to be a VIE. Although the Company has the power to direct the activities that most significantly impact the economic performance of the VIE through its servicing rights, it was determined that this entity should not be consolidated since the Company does not have the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.
At the time of the transfer, the UPB of the transferred loans was $1.0 billion and the consideration received was $1.0 billion, resulting in an immaterial pre-tax loss for the nine months ended September 30, 2015, recorded within other noninterest income in the Consolidated Statements of Income. Additional details regarding the servicing asset recognized in this transaction can be found in Note 7, "Goodwill and Other Intangible Assets."
To the extent that any losses on the transferred loans are the result of a breach of representations and warranties related to either the initial transfer or the Company's ongoing servicing responsibilities, the securitization entity has recourse to the Company whereby the Company may be obligated to either cure the breach or repurchase the affected loans. The Company’s maximum exposure to loss related to the loans transferred to the securitization entity would arise from a breach of representations and warranties and/or a breach of the Company's servicing obligations, and any resulting potential losses suffered by the securitization entity that the Company may be liable for, the amount of which would be limited to the initial UPB of transferred loans and the carrying value of the related servicing asset.

The Company's managed loans, including portfolio loans as well as securitized loans, are presented in the following table by portfolio balance and delinquency (accruing loans 90 days or more past due and all nonaccrual loans) at September 30, 2015 and December 31, 2014, as well as related net charge-offs for the three and nine months ended September 30, 2015 and 2014.
 
Portfolio Balance 1
 
Past Due and Nonaccrual 2
 
Net Charge-offs
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
 
2015
 
2014
 
2015
 
2014
Portfolio LHFI by type:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial

$73,302

 

$73,392

 

$151

 

$181

 

$13

 

$12

 

$47

 

$57

Residential
38,788

 
38,775

 
703

 
891

 
36

 
92

 
146

 
227

Consumer
21,470

 
20,945

 
514

 
619

 
22

 
24

 
65

 
67

Total portfolio LHFI
133,560

 
133,112

 
1,368

 
1,691

 
71

 
128

 
258

 
351

Managed securitized loans by type:
 
 
 
 
 
 
 
 
 
 
 
 
Residential
117,774

 
110,591

 
135

3 
183

3 
4

 
6

 
10

 
13

Consumer
889

 
—

 
1

 
—

 
1

 
—

 
1

 
—

Total managed securitized loans
118,663

 
110,591

 
136

 
183

 
5

 
6

 
11

 
13

Managed unsecuritized loans
4,238

 
4,943

 
587

 
705

 
—

 
—

 
—

 
—

Total managed loans

$256,461

 

$248,646

 

$2,091

 

$2,579

 

$76

 

$134

 

$269

 

$364


1 Excludes $2.0 billion and $3.2 billion of LHFS at September 30, 2015 and December 31, 2014, respectively.
2 Excludes $1 million and $39 million of past due LHFS at September 30, 2015 and December 31, 2014, respectively.
3 Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

Other Variable Interest Entities
In addition to exposure to VIEs arising from transfers of financial assets, the Company also has involvement with VIEs from other business activities.
Total Return Swaps
At September 30, 2015 and December 31, 2014, the outstanding notional amounts of TRS contracts that VIEs entered into with the Company totaled $2.4 billion and $2.3 billion, respectively, and the Company's related senior financing outstanding to VIEs were also $2.4 billion and $2.3 billion, respectively. These financings were classified within trading assets and derivative instruments on the Consolidated Balance Sheets and were measured at fair value. The Company entered into TRS contracts with third parties with the same outstanding notional amounts. The notional amounts of the TRS contracts with the VIEs represent the Company’s maximum exposure to loss, although such exposure to loss has been mitigated via the TRS contracts with third parties. For additional information on the Company’s TRS contracts and its involvement with these VIEs, see Note 13, “Derivative Financial Instruments,” in this Form 10-Q, as well as Note 10, “Certain Transfers of Financial Assets and Variable Interest Entities,” to the Company's 2014 Annual Report on Form 10-K.
Community Development Investments
As part of its community reinvestment initiatives, the Company invests in multi-family affordable housing developments and other community development entities as a limited and/or general partner and/or a debt provider. The Company receives tax credits for its limited partner investments. The Company has determined that the vast majority of the related partnerships are VIEs.
In limited circumstances, the Company owns both the limited partner and general partner interests, in which case the related partnerships are not considered VIEs and are consolidated by the Company. The Company sold properties with a carrying value of $72 million for gains of $19 million during the nine months ended September 30, 2015. No properties were sold during the third quarter of 2015 and the remaining properties held for sale at September 30, 2015 were immaterial. One property was sold during the three and nine months ended September 30, 2014 for an immaterial gain.
The Company has concluded that it is not the primary beneficiary of affordable housing partnerships when it invests as a limited partner and there is a third party general partner. The investments are accounted for in accordance with the accounting requirements for investments in affordable housing projects. The general partner or an affiliate of the general partner often provides guarantees to the limited partner, which protects the Company from losses attributable to operating deficits, construction deficits, and tax credit allocation deficits. Assets of $1.9 billion and $1.6 billion in these partnerships were not included in the Consolidated Balance Sheets at September 30, 2015 and December 31, 2014, respectively. The Company's limited partner interests had carrying values of $552 million and $363 million at September 30, 2015 and December 31, 2014, respectively, and are recorded in other assets in the Company’s Consolidated Balance Sheets. The Company’s maximum exposure to loss for these investments totaled $1.1 billion and $910 million at September 30, 2015 and December 31, 2014, respectively. The Company’s maximum exposure to loss would result from the loss of its limited partner investments along with $396 million and $412 million of loans, interest-rate swap fair value exposures, or letters of credit issued by the Company to the entities at September 30, 2015 and December 31, 2014, respectively. The difference between the maximum exposure to loss and the investment and loan balances is primarily attributable to the unfunded equity commitments. Unfunded equity commitments are amounts that the Company has committed to the entities upon the entities meeting certain conditions. If these conditions are met, the Company will invest these additional amounts in the entities.
The Company also owns noncontrolling interests in funds whose purpose is to invest in community developments. At September 30, 2015 and December 31, 2014, the Company's investment in these funds totaled $130 million and $113 million, respectively, and the Company's maximum exposure to loss on its equity investments, which is comprised of its investments in the funds plus any additional unfunded equity commitments, was $255 million and $236 million, respectively.
During the three months ended September 30, 2015 and 2014, the Company recognized $18 million and $15 million of tax credits for qualified affordable housing projects, and $17 million and $14 million of amortization on qualified affordable housing projects in the provision for income taxes, respectively. During the nine months ended September 30, 2015 and 2014, the Company recognized $46 million and $45 million of tax credits for qualified affordable housing projects, and $45 million and $41 million of amortization on qualified affordable housing projects in the provision for income taxes, respectively. During the three and nine months ended September 30, 2015, the Company recorded $8 million and $18 million, respectively, of amortization expense (a component of noninterest expense) related to community development investments not within the scope of the accounting guidance for investments in qualified affordable housing projects. During the three and nine months ended September 30, 2014, the Company recorded $4 million and $9 million, respectively, of amortization related to these non-qualified investments; $0 and $5 million was recorded within other noninterest expense on the Company's Consolidated Statements of Income for the three and nine months ended September 30, 2014, respectively, and $4 million was recorded within amortization expense for both the three and nine months ended September 30, 2014.
Net Income/(Loss) Per Common Share
Net Income/(Loss) Per Share
NOTE 9 – NET INCOME PER COMMON SHARE
Equivalent shares of 14 million and 15 million related to common stock options and common stock warrants outstanding at September 30, 2015 and 2014, respectively, were excluded from the computations of diluted net income per average common share because they would have been anti-dilutive.
Reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding are presented below.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars and shares in millions, except per share data)
2015
 
2014
 
2015
 
2014
Net income

$537

 

$576

 

$1,449

 

$1,380

Preferred dividends
(16
)
 
(9
)
 
(48
)
 
(28
)
Dividends and undistributed earnings allocated to unvested shares
(2
)
 
(4
)
 
(5
)
 
(9
)
Net income available to common shareholders

$519

 

$563

 

$1,396

 

$1,343

Average basic common shares
513

 
527

 
517

 
529

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
2

 
2

 
2

 
2

Restricted stock, RSUs, and warrants
4

 
4

 
4

 
4

Average diluted common shares
519

 
533

 
523

 
535

Net income per average common share - diluted

$1.00

 

$1.06

 

$2.67

 

$2.51

Net income per average common share - basic

$1.01

 

$1.07

 

$2.70

 

$2.54

Income Taxes
Income Tax Disclosure [Text Block]
NOTE 10 - INCOME TAXES
For the three months ended September 30, 2015 and 2014, the provision for income taxes was $187 million and $67 million, representing effective tax rates of 26% and 10%, respectively. The effective tax rates for the three months ended September 30, 2015 and 2014 were favorably impacted by discrete income tax benefits of $35 million and $130 million, respectively. For the nine months ended September 30, 2015 and 2014, the provision for income taxes was $579 million and $364 million, representing effective tax rates of 29% and 21%, respectively.
The provision for income taxes includes both federal and state income taxes and differs from the provision using statutory rates primarily due to favorable permanent tax items such as income from lending to tax exempt entities and federal tax credits from community reinvestment activities. The Company calculated the provision for income taxes for the three and nine months ended September 30, 2015 and 2014 by applying the estimated annual effective tax rate to year-to-date pre-tax income and adjusting for discrete items that occurred during the period.
The Company's liability for UTBs was $152 million and $210 million at September 30, 2015 and December 31, 2014, respectively. The decrease in the liability for UTBs during the nine months ended September 30, 2015 was primarily due to completion of a tax authority examination. It is reasonably possible that the liability for UTBs could decrease by as much as $65 million during the next 12 months due to completion of tax authority examinations. It is uncertain how much, if any, of this potential decrease will impact the Company’s effective tax rate.
Employee Benefit Plans
Employee Benefit Plans
NOTE 11 - EMPLOYEE BENEFIT PLANS
The Company sponsors incentive programs which are delivered through various plans, such as defined contribution, noncontributory pension, and other postretirement benefit plans, as well as through the issuance of RSUs, restricted stock, and LTI cash. See Note 15, “Employee Benefit Plans,” to the Company's 2014 Annual Report on Form 10-K for further information regarding the employee benefit plans.

Stock-based compensation expense recognized in noninterest expense consisted of the following:
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Stock options

$—

 

$—

 

$1

 

$1

Restricted stock
4

 
7

 
13

 
21

Performance stock units
5

 
4

 
21

 
9

RSUs
7

 
5

 
35

 
27

Total stock-based compensation

$16

 

$16

 

$70

 

$58

 
 
 
 
 
 
 
 
Stock-based compensation tax benefit

$6

 

$6

 

$27

 

$22



Components of net periodic benefit related to the Company's pension and other postretirement benefits plans consisted of the following:
 
Pension Benefits 1
 
Other Postretirement Benefits
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Service cost

$2

 

$2

 

$4

 

$4

 

$—

 

$—

 

$—

 

$—

Interest cost
29

 
31

 
87

 
93

 
1

 
1

 
2

 
2

Expected return on plan assets
(52
)
 
(50
)
 
(155
)
 
(150
)
 
(2
)
 
(1
)
 
(4
)
 
(4
)
Amortization of prior service credit
—

 
—

 
—

 
—

 
(1
)
 
(2
)
 
(4
)
 
(4
)
Amortization of actuarial loss
5

 
4

 
16

 
12

 
—

 
—

 
—

 
—

Net periodic benefit

($16
)
 

($13
)
 

($48
)
 

($41
)
 

($2
)
 

($2
)
 

($6
)
 

($6
)

1 Administrative fees are recognized in service cost for each of the periods presented.
Guarantees
Guarantees
NOTE 12 – GUARANTEES
The Company has undertaken certain guarantee obligations in the ordinary course of business. The issuance of a guarantee imposes an obligation for the Company to stand ready to perform and make future payments should certain triggering events occur. Payments may be in the form of cash, financial instruments, other assets, shares of stock, or provision of the Company’s services. The following is a discussion of the guarantees that the Company has issued at September 30, 2015. The Company has also entered into certain contracts that are similar to guarantees, but that are accounted for as derivatives as discussed in Note 13, “Derivative Financial Instruments.”
Letters of Credit
Letters of credit are conditional commitments issued by the Company, generally to guarantee the performance of a client to a third party in borrowing arrangements, such as CP, bond financing, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients and may be reduced by selling participations to third parties. The Company issues letters of credit that are classified as financial standby, performance standby, or commercial letters of credit.
At September 30, 2015 and December 31, 2014, the maximum potential amount of the Company’s obligation for issued financial and performance standby letters of credit was $2.9 billion and $3.0 billion, respectively. The Company’s outstanding letters of credit generally have a term of less than one year but may extend longer. Some standby letters of credit are designed to be drawn upon in the normal course of business and others are drawn upon only in circumstances of dispute or default in the underlying transaction to which the Company is not a party. In all cases, the Company is entitled to reimbursement from the applicant. If a letter of credit is drawn upon and reimbursement is not provided by the applicant, the Company may take possession of the collateral securing the line of credit, where applicable.
The Company monitors its credit exposure under standby letters of credit in the same manner as it monitors other extensions of credit in accordance with its credit policies. An internal assessment of the PD and loss severity in the event of default is performed, consistent with the methodologies used for all commercial borrowers. The management of credit risk for letters of credit leverages the risk rating process to focus greater visibility on higher risk and/or higher dollar letters of credit. The allowance for credit losses associated with letters of credit is a component of the unfunded commitments reserve recorded in other liabilities in the Consolidated Balance Sheets and is included in the allowance for credit losses as disclosed in Note 6, “Allowance for Credit Losses.” Additionally, unearned fees relating to letters of credit are recorded in other liabilities. The net carrying amount of unearned fees was immaterial at September 30, 2015 and December 31, 2014.
Loan Sales and Servicing
STM, a consolidated subsidiary of the Company, originates and purchases residential mortgage loans, a portion of which are sold to outside investors in the normal course of business, through a combination of whole loan sales to GSEs, Ginnie Mae, and non-agency investors. Prior to 2008, the Company also sold mortgage loans through a limited number of Company-sponsored securitizations. When mortgage loans are sold, representations and warranties regarding certain attributes of the loans are made to third party purchasers. Subsequent to the sale, if a material underwriting deficiency or documentation defect is discovered, STM may be obligated to repurchase the mortgage loan or to reimburse an investor for losses incurred (make whole requests) if such deficiency or defect cannot be cured by STM within the specified period following discovery. Additionally, defects in the securitization process or breaches of underwriting and servicing representations and warranties can result in loan repurchases, as well as adversely affect the valuation of MSRs, servicing advances, or other mortgage loan-related exposures, such as OREO. These representations and warranties may extend through the life of the mortgage loan. STM’s risk of loss under its representations and warranties is partially driven by borrower payment performance since investors will perform extensive reviews of delinquent loans as a means of mitigating losses.
Non-agency loan sales include whole loan sales and loans sold in private securitization transactions. While representations and warranties have been made related to these sales, they differ from those made in connection with loans sold to the GSEs in that non-agency loans may not be required to meet the same underwriting standards and non-agency investors may be required to demonstrate that an alleged breach is material and caused the investors' loss.
Loans sold to Ginnie Mae are insured by the FHA and guaranteed by the VA. As servicer, the Company may elect to repurchase delinquent loans in accordance with Ginnie Mae guidelines; however, the loans continue to be insured. The Company indemnifies the FHA and VA for losses related to loans not originated in accordance with their guidelines.
See Note 15, "Contingencies," for additional information on current legal matters related to loan sales.

The Company previously reached agreements in principle with Freddie Mac and Fannie Mae that relieve the Company of certain existing and future repurchase obligations related to 2000-2008 vintages for Freddie Mac and 2000-2012 vintages for Fannie Mae. Repurchase requests have declined significantly as a result of the settlements. Repurchase requests from GSEs, Ginnie Mae, and non-agency investors, for all vintages, are illustrated in the following table that summarizes demand activity for the nine months ended September 30.
(Dollars in millions)
2015
 
2014
Beginning pending repurchase requests

$47

 

$126

Repurchase requests received
58

 
139

Repurchase requests resolved:
 
 
 
Repurchased
(17
)
 
(22
)
Cured
(72
)
 
(198
)
Total resolved
(89
)
 
(220
)
Ending pending repurchase requests 1

$16

 

$45

 
 
 
 
Percent from non-agency investors:
 
 
Pending repurchase requests
6.0
%
 
7.0
%
Repurchase requests received
0.6
%
 
0.8
%
1 Comprised of $15 million and $42 million from the GSEs, and $1 million and $3 million from non-agency investors at September 30, 2015 and 2014, respectively.
The repurchase and make whole requests received have been primarily due to alleged material breaches of representations related to compliance with the applicable underwriting standards, including borrower misrepresentation and appraisal issues. STM performs a loan-by-loan review of all requests and contests demands to the extent they are not considered valid. The following table summarizes the changes in the Company’s reserve for mortgage loan repurchases:
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Balance, at beginning of period

$60

 

$77

 

$85

 

$78

Repurchase (benefit)/provision
(1
)
 
2

 
(9
)
 
12

Charge-offs, net of recoveries
—

 
(2
)
 
(17
)
 
(13
)
Balance, at end of period

$59

 

$77

 

$59

 

$77



A significant degree of judgment is used to estimate the mortgage repurchase liability as the estimation process is inherently uncertain and subject to imprecision. The Company believes that its reserve appropriately estimates incurred losses based on its current analysis and assumptions, inclusive of the Freddie Mac and Fannie Mae settlement agreements, GSE owned loans serviced by third party servicers, loans sold to private investors, and future indemnifications.
Notwithstanding the aforementioned agreements with Freddie Mac and Fannie Mae settling certain aspects of the Company's repurchase obligations, those institutions preserve their right to require repurchases arising from certain types of events, and that preservation of rights can impact future losses of the Company. While the repurchase reserve includes the estimated cost of settling claims related to required repurchases, the Company's estimate of losses depends on its assumptions regarding GSE and other counterparty behavior, loan performance, home prices, and other factors. The related liability is recorded in other liabilities in the Consolidated Balance Sheets, and the related repurchase (benefit)/provision is recognized in mortgage production related income in the Consolidated Statements of Income.
The following table summarizes the carrying value of the Company's outstanding repurchased mortgage loans at September 30, 2015 and December 31, 2014:
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Outstanding repurchased mortgage loans:
 
 
Performing LHFI

$262

 

$271

Nonperforming LHFI
15

 
29

Nonperforming LHFS
—

 
12

Total carrying value of outstanding repurchased mortgage loans

$277

 

$312



In addition to representations and warranties related to loan sales, the Company makes representations and warranties that it will service the loans in accordance with investor servicing guidelines and standards, which may include (i) collection and remittance of principal and interest, (ii) administration of escrow for taxes and insurance, (iii) advancing principal, interest, taxes, insurance, and collection expenses on delinquent accounts, (iv) loss mitigation strategies including loan modifications, and (v) foreclosures.
The Company normally retains servicing rights when loans are transferred; however, servicing rights are occasionally sold to third parties. When MSRs are sold, the Company makes representations and warranties related to servicing standards and obligations, and recognizes a liability for contingent losses recorded in other liabilities in the Consolidated Balance Sheets, separate from the reserve for mortgage loan repurchases, which totaled $18 million and $25 million at September 30, 2015 and December 31, 2014, respectively.

Contingent Consideration
The Company has contingent payment obligations related to certain business combination transactions. Payments are calculated using certain post-acquisition performance criteria. The potential obligation is recorded as an other liability, measured at the fair value of the contingent payments, which totaled $23 million and $27 million at September 30, 2015 and December 31, 2014, respectively.

Visa
The Company issues credit and debit transactions through Visa and MasterCard. The Company is a defendant, along with Visa and MasterCard (the “Card Associations”), as well as several other banks, in one of several antitrust lawsuits challenging the practices of the Card Associations (the “Litigation”). The Company entered into judgment and loss sharing agreements with Visa and certain other banks in order to apportion financial responsibilities arising from any potential adverse judgment or negotiated settlements related to the Litigation. Additionally, in connection with Visa's restructuring in 2007, shares of Visa common stock were issued to its financial institution members and the Company received its proportionate number of shares of Visa Inc. common stock, which were subsequently converted to Class B shares of Visa Inc. upon completion of Visa’s IPO in 2008. A provision of the original Visa By-Laws, which was restated in Visa's certificate of incorporation, contains a general indemnification provision between a Visa member and Visa that explicitly provides that each member's indemnification obligation is limited to losses arising from its own conduct and the specifically defined Litigation.
Agreements associated with Visa's IPO have provisions that Visa will fund a litigation escrow account, established for the purpose of funding judgments in, or settlements of, the Litigation. If the escrow account is insufficient to cover the Litigation losses, then Visa will issue additional Class A shares (“loss shares”). The proceeds from the sale of the loss shares would then be deposited in the escrow account. The issuance of the loss shares will cause a dilution of Visa's Class B shares as a result of an adjustment to lower the conversion factor of the Class B shares to Class A shares. Visa U.S.A.'s members are responsible for any portion of the settlement or loss on the Litigation after the escrow account is depleted and the value of the Class B shares is fully diluted.
In May 2009, the Company sold its 3.2 million Class B shares to the Visa Counterparty and entered into a derivative with the Visa Counterparty. Under the derivative, the Visa Counterparty is compensated by the Company for any decline in the conversion factor as a result of the outcome of the Litigation. Conversely, the Company is compensated by the Visa Counterparty for any increase in the conversion factor. The amount of payments made or received under the derivative is a function of the 3.2 million shares sold to the Visa Counterparty, the change in conversion rate, and Visa’s share price. The Visa Counterparty, as a result of its ownership of the Class B shares, is impacted by dilutive adjustments to the conversion factor of the Class B shares caused by the Litigation losses. The fair value of the derivative liability was approximately $6 million and $5 million at September 30, 2015 and December 31, 2014, respectively; however, the ultimate impact to the Company could be significantly different based on the outcome of the Litigation.

Tax Credit Investments Sold
STCC, one of the Company's subsidiaries, previously obtained state and federal tax credits through the construction and development of affordable housing properties and continues to obtain state and federal tax credits through investments in affordable housing developments. STCC or its subsidiaries are limited and/or general partners in various partnerships established for the properties. Some of the investments that generate state tax credits may be sold to outside investors.
At September 30, 2015, STCC had four transactions outstanding that contain guarantee provisions stating that STCC will make payment to the outside investors if the tax credits become ineligible. STCC also guarantees that the general partner under the transaction will perform on the delivery of the credits. The guarantees are expected to expire within a 15 year period from inception and have remaining years to expiry ranging from three to seven years. At September 30, 2015, the maximum potential amount that STCC could be obligated to pay under these guarantees is $19 million; however, STCC can seek recourse against the general partner. Additionally, STCC can seek reimbursement from cash flow and residual values of the underlying affordable housing properties, provided that the properties retain value. At September 30, 2015 and December 31, 2014, an immaterial amount was accrued related to the obligation to deliver tax credits, and was recorded in other liabilities in the Consolidated Balance Sheets.
Derivative Financial Instruments
Derivative Financial Instruments
NOTE 13 - DERIVATIVE FINANCIAL INSTRUMENTS
The Company enters into various derivative financial instruments, both in a dealer capacity to facilitate client transactions and as an end user as a risk management tool. The ALCO monitors all derivative activities. When derivatives have been entered into with clients, the Company generally manages the risk associated with these derivatives within the framework of its VAR methodology that monitors total daily exposure and seeks to manage the exposure on an overall basis. Derivatives are also used as a risk management tool to hedge the Company’s balance sheet exposure to changes in identified cash flow and fair value risks, either economically or in accordance with hedge accounting provisions. The Company’s Corporate Treasury function is responsible for employing the various hedge accounting strategies to manage these objectives. Additionally, as a normal part of its operations, the Company enters into IRLCs on mortgage loans that are accounted for as freestanding derivatives and has certain contracts containing embedded derivatives that are measured, in their entirety, at fair value. All freestanding derivatives and any embedded derivatives that the Company bifurcates from the host contracts are measured at fair value in the Consolidated Balance Sheets in trading assets and derivative instruments and trading liabilities and derivative instruments. The associated gains and losses are either recognized in AOCI, net of tax, or within the Consolidated Statements of Income, depending upon the use and designation of the derivatives.

Credit and Market Risk Associated with Derivative Instruments
Derivatives expose the Company to counterparty credit risk if the counterparty to the derivative contract does not perform as expected. The Company minimizes the credit risk of derivatives by entering into transactions with counterparties with defined exposure limits based on their credit quality and in accordance with established policies and procedures. All counterparties are regularly reviewed by the Company’s Credit Risk Management division and appropriate action is taken to adjust the exposure to certain counterparties as necessary. The Company’s derivative transactions may also be governed by ISDA documentation or other legally enforceable industry standard master netting agreements. In certain cases and depending on the nature of the underlying derivative transactions, bilateral collateral agreements are also utilized. Furthermore, the Company and its subsidiaries are subject to OTC derivative clearing requirements, which require certain derivatives to be cleared through central clearinghouses with which the Company and other counterparties are required to post initial margin. To mitigate the risk of non-payment, variation margin is received or paid daily based on the net asset or liability position of the contracts.
When the Company has more than one outstanding derivative transaction with a single counterparty, and there exists a legal right of offset with that counterparty, the Company considers its exposure to the counterparty to be the net fair value of its derivative positions with that counterparty. If the net fair value is positive, then the counterparty asset value also reflects cash collateral held. At September 30, 2015, these net asset positions were $1.1 billion, reflecting $1.7 billion of net derivative gains adjusted for cash and other collateral of $592 million that the Company held in relation to these gain positions. At December 31, 2014, reported net derivative assets were $1.1 billion, reflecting $1.5 billion of net derivative gains, adjusted for cash and other collateral of $386 million that the Company held in relation to these gain positions.
Derivatives also expose the Company to market risk. Market risk is the adverse effect that a change in market factors, such as interest rates, currency rates, equity prices, commodity prices, or implied volatility, has on the value of a derivative. Under an established risk governance framework, the Company comprehensively manages the market risk associated with its derivatives by establishing and monitoring limits on the types and degree of risk that may be undertaken. The Company continually measures this risk associated with its derivatives designated as trading instruments using a VAR methodology. Other tools and risk measures are also used to actively manage derivatives risk including scenario analysis and stress testing.
Derivative instruments are priced using observable market inputs at a mid-market valuation point and take into consideration appropriate valuation adjustments for collateral, market liquidity, and counterparty credit risk. For purposes of determining fair value adjustments to its OTC derivative positions, the Company takes into consideration the credit profile and likelihood of default by counterparties and itself, as well as its net exposure, which considers legally enforceable master netting agreements and collateral along with remaining maturities. For purposes of estimating the DVA, which is the Company’s own credit risk on derivative liability positions, the Company uses financials sector/ratings CDS spreads. To determine counterparty default probabilities, the Company leverages publicly available counterparty information when data of acceptable quality is available. In particular, for purposes of determining the CVA, the Company incorporates market-based views of counterparty default probabilities derived from observed credit spreads in the CDS market, when available. Absent available market-derived counterparty information, the expected loss associated with each counterparty is estimated using the Company's internal risk rating system. The risk rating system utilizes counterparty-specific PD and LGD estimates to derive the expected loss. The Company adjusted the net fair value of its derivative contracts for estimates of net counterparty credit risk by approximately $5 million and $7 million at September 30, 2015 and December 31, 2014, respectively. The Company's approach toward determining fair value adjustments of derivative instruments is subject to ongoing internal review and enhancement.
Currently, the majority of the Company’s derivatives contain contingencies that relate to the creditworthiness of the Bank. These contingencies, which are contained in industry standard master netting agreements, may be considered events of default. Should the Bank be in default under any of these provisions, the Bank’s counterparties would be permitted to close-out net, at amounts that would approximate the fair values of the derivatives, resulting in a single sum due by one party to the other. The counterparties would have the right to apply any collateral posted by the Bank against any net amount owed by the Bank. Additionally, certain of the Company’s derivative liability positions, totaling $1.1 billion in fair value at both September 30, 2015 and December 31, 2014, contain provisions conditioned on downgrades of the Bank’s credit rating. These provisions, if triggered, would either give rise to an ATE that permits the counterparties to close-out net and apply collateral or, where a CSA is present, require the Bank to post additional collateral. At September 30, 2015, the Bank carried senior long-term debt credit ratings of Baal/A-/BBB+ from Moody’s, S&P, and Fitch, respectively. On October 5, 2015, Fitch announced that it had upgraded the Bank's senior long-term debt rating from BBB+ to A-. At September 30, 2015, ATEs have been triggered for less than $1 million in fair value liabilities. The maximum additional liability that could be triggered from ATEs was approximately $15 million at September 30, 2015. At September 30, 2015, $1.1 billion in fair value of derivative liabilities were subject to CSAs, against which the Bank has posted $1.1 billion in collateral, primarily in the form of cash. At September 30, 2015, if requested by the counterparty pursuant to the terms of the CSA, the Bank would be required to post additional collateral of approximately $7 million against these contracts if the Bank were downgraded to Baa3/BBB-. Further downgrades to Ba1/BB+ or below do not contain predetermined collateral posting levels.

Notional and Fair Value of Derivative Positions
The following tables present the Company’s derivative positions at September 30, 2015 and December 31, 2014. The notional amounts in the tables are presented on a gross basis and have been classified within derivative assets or derivative liabilities based on the estimated fair value of the individual contract at September 30, 2015 and December 31, 2014. Gross positive and gross negative fair value amounts associated with respective notional amounts are presented without consideration of any netting agreements, including collateral arrangements. Net fair value derivative amounts are adjusted on an aggregate basis, where applicable, to take into consideration the effects of legally enforceable master netting agreements, including any cash collateral received or paid, and are recognized in trading assets and derivative instruments or trading liabilities and derivative instruments on the Consolidated Balance Sheets. For contracts constituting a combination of options that contain a written option and a purchased option (such as a collar), the notional amount of each option is presented separately, with the purchased notional amount generally being presented as a derivative asset and the written notional amount being presented as a derivative liability. For contracts that contain a combination of options, the fair value is generally presented as a single value with the purchased notional amount if the combined fair value is positive, and with the written notional amount if the combined fair value is negative.
 
September 30, 2015
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivative instruments designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans

$15,500

 

$262

 

$—

 

$—

Derivative instruments designated in fair value hedging relationships 2
 
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt
1,700

 
27

 
600

 
—

Interest rate contracts hedging brokered CDs
30

 
—

 
—

 
—

Total
1,730

 
27

 
600

 
—

Derivative instruments not designated as hedging instruments 3
 
 
 
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
 
 
MSRs
18,209

 
285

 
6,009

 
159

LHFS, IRLCs 4
2,638

 
13

 
4,478

 
40

Trading activity 5
69,745

 
2,449

 
63,113

 
2,237

Foreign exchange rate contracts hedging trading activity
3,634

 
127

 
3,303

 
123

Credit contracts hedging:
 
 
 
 
 
 
 
Loans
—

 
—

 
215

 
3

Trading activity 6
2,568

 
16

 
2,735

 
13

Equity contracts hedging trading activity 5
22,911

 
1,944

 
28,546

 
2,253

Other contracts:
 
 
 
 
 
 
 
IRLCs and other 7
2,672

 
38

 
81

 
6

Commodities
466

 
97

 
463

 
96

Total
122,843

 
4,969

 
108,943

 
4,930

Total derivative instruments

$140,073

 

$5,258

 

$109,543

 

$4,930

 
 
 
 
 
 
 
 
Total gross derivative instruments, before netting
 
 

$5,258

 
 
 

$4,930

Less: Legally enforceable master netting agreements
 
 
(3,268
)
 
 
 
(3,268
)
Less: Cash collateral received/paid
 
 
(541
)
 
 
 
(1,097
)
Total derivative instruments, after netting
 
 

$1,449

 
 
 

$565

1 See “Cash Flow Hedges” in this Note for further discussion.
2 See “Fair Value Hedges” in this Note for further discussion.
3 See “Economic Hedging and Trading Activities” in this Note for further discussion.
4 Amount includes $848 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.
5 Amounts include $12.7 billion and $536 million of notional amounts related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.
6 Asset and liability amounts include $6 million and $9 million of notional amounts from purchased and written credit risk participation agreements, respectively, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.
7 Includes $49 million notional amount that is based on the number of Visa Class B shares, 3.2 million, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 12, “Guarantees” for additional information.

 
December 31, 2014
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivative instruments designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans

$18,150

 

$208

 

$2,850

 

$8

Derivative instruments designated in fair value hedging relationships 2
 
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt
2,700

 
30

 
2,600

 
1

Interest rate contracts hedging brokered CDs
30

 
—

 
—

 
—

Total
2,730

 
30

 
2,600

 
1

Derivative instruments not designated as hedging instruments 3
 
 
 
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
 
 
MSRs
5,172

 
163

 
8,807

 
30

LHFS, IRLCs 4
1,840

 
4

 
4,923

 
23

Trading activity 5
61,049

 
2,405

 
61,065

 
2,225

Foreign exchange rate contracts hedging trading activity
2,429

 
104

 
2,414

 
100

Credit contracts hedging:
 
 
 
 
 
 
 
Loans
—

 
—

 
392

 
5

Trading activity 6
2,282

 
20

 
2,452

 
20

Equity contracts hedging trading activity 5
21,875

 
2,809

 
28,128

 
3,090

Other contracts:
 
 
 
 
 
 
 
IRLCs and other 7
2,231

 
25

 
139

 
5

Commodities
381

 
71

 
374

 
70

Total
97,259

 
5,601

 
108,694

 
5,568

Total derivative instruments

$118,139

 

$5,839

 

$114,144

 

$5,577

 
 
 
 
 
 
 
 
Total gross derivative instruments, before netting
 
 

$5,839

 
 
 

$5,577

Less: Legally enforceable master netting agreements
 
 
(4,083
)
 
 
 
(4,083
)
Less: Cash collateral received/paid
 
 
(449
)
 
 
 
(1,032
)
Total derivative instruments, after netting
 
 

$1,307

 
 
 

$462

1 See “Cash Flow Hedges” in this Note for further discussion.
2 See “Fair Value Hedges” in this Note for further discussion.
3 See “Economic Hedging and Trading Activities” in this Note for further discussion.
4 Amount includes $791 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.
5 Amounts include $10.3 billion and $563 million of notional amounts related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.
6 Asset and liability amounts both include $4 million of notional amounts from purchased and written interest rate swap risk participation agreements, respectively, whose notional is calculated as the notional of the interest rate swap participated adjusted by the relevant RWA conversion factor.
7 Includes $49 million notional amount that is based on the number of Visa Class B shares, 3.2 million, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 12, “Guarantees” for additional information.

Impact of Derivative Instruments on the Consolidated Statements of Income and Shareholders’ Equity
The impacts of derivative instruments on the Consolidated Statements of Income and the Consolidated Statements of Shareholders’ Equity for the three and nine months ended September 30 are presented below. The impacts are segregated between derivatives that are designated in hedge accounting relationships and those that are used for economic hedging or trading purposes, with further identification of the underlying risks in the derivatives and the hedged items, where appropriate. The tables do not disclose the financial impact of the activities that these derivative instruments are intended to hedge.

 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
 
 
(Dollars in millions)
Amount of 
Pre-tax Gain
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain
Reclassified from AOCI
into Income
(Effective Portion)
 
Amount of 
Pre-tax Gain
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain
Reclassified from AOCI
into Income
(Effective Portion)
 
Classification of Pre-tax Gain
Reclassified
from AOCI
into Income
(Effective Portion)
Derivative instruments in cash flow hedging relationships:
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans 1

$204

 

$47

 

$338

 

$126

 
Interest and fees on loans
1 During the three and nine months ended September 30, 2015, the Company also reclassified $23 million and $61 million, respectively, of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
(Dollars in millions)
Amount of Gain/(Loss) on Derivatives
Recognized in Income
 
Amount of Loss on Related
Hedged Items
Recognized in Income
 
Amount of Loss Recognized in Income on Hedges
(Ineffective Portion)
 
Amount of
Gain on Derivatives
Recognized in Income
 
Amount of Loss on
Related Hedged Items
Recognized in Income
 
Amount of Loss
Recognized in Income
on Hedges
(Ineffective Portion)
Derivative instruments in fair value hedging relationships:
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt 1

$—

 

($1
)
 

($1
)
 

$7

 

($8
)
 

($1
)
1 Amounts are recognized in trading income in the Consolidated Statements of Income.

 
(Dollars in millions)
Classification of Gain/(Loss) Recognized
in Income on Derivatives
 
Amount of Gain/(Loss) Recognized in Income on Derivatives
During the Three Months Ended
September 30, 2015
 
Amount of Gain/(Loss) Recognized in Income on Derivatives
During the Nine Months Ended
September 30, 2015
Derivative instruments not designated as hedging instruments:
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
MSRs
Mortgage servicing related income
 

$298

 

$223

LHFS, IRLCs
Mortgage production related income
 
(69
)
 
(60
)
LHFI
Other noninterest income
 
(2
)
 
(2
)
Trading activity
Trading income
 
5

 
46

Foreign exchange rate contracts hedging trading activity
Trading income
 
21

 
57

Credit contracts hedging:
 
 
 
 
 
Loans
Other noninterest income
 
—

 
(1
)
Trading activity
Trading income
 
6

 
19

Equity contracts hedging trading activity
Trading income
 
—

 
3

Other contracts hedging:
 
 
 
 
 
IRLCs
Mortgage production related income
 
58

 
151

Commodities
Trading income
 
1

 
2

Total
 
 

$318

 

$438




 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2014
 
 
(Dollars in millions)
Amount of 
Pre-tax Loss
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain Reclassified from AOCI into Income
(Effective Portion)
 
Amount of 
Pre-tax Gain
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain
Reclassified from AOCI into Income
(Effective Portion)
 
Classification of Pre-tax Gain
Reclassified
from AOCI
into Income
(Effective Portion)
Derivative instruments in cash flow hedging relationships:
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans 1

($31
)
 

$76

 

$36

 

$225

 
Interest and fees on loans
1 During the three and nine months ended September 30, 2014, the Company also reclassified $23 million and $77 million, respectively, of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2014
(Dollars in millions)
Amount of Loss on Derivatives
Recognized in Income
 
Amount of Gain on Related
Hedged Items
Recognized in Income
 
Amount of Gain/(Loss) Recognized in Income on Hedges
(Ineffective Portion)
 
Amount of
Gain on Derivatives
Recognized in Income
 
Amount of Loss on Related
Hedged Items
Recognized in Income
 
Amount of Gain
Recognized in Income
on Hedges
(Ineffective Portion)
Derivative instruments in fair value hedging relationships:
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt 1

($7
)
 

$7

 

$—

 

$10

 

($9
)
 

$1

1 Amounts are recognized in trading income in the Consolidated Statements of Income.


(Dollars in millions)
Classification of Gain/(Loss) Recognized
in Income on Derivatives
 
Amount of Gain
Recognized in Income
on Derivatives
During the Three Months Ended
September 30, 2014
 
Amount of Gain/(Loss)
Recognized in Income
on Derivatives
During the Nine
Months Ended
September 30, 2014
Derivative instruments not designated as hedging instruments:
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
MSRs
Mortgage servicing related income
 

$17

 

$138

LHFS, IRLCs
Mortgage production related income
 
4

 
(92
)
Trading activity
Trading income
 
9

 
34

Foreign exchange rate contracts hedging trading activity
Trading income
 
44

 
43

Credit contracts hedging:
 
 

 

Loans
Other noninterest income
 
1

 
—

Trading activity
Trading income
 
4

 
13

Equity contracts hedging trading activity
Trading income
 
1

 
4

Other contracts - IRLCs
Mortgage production related income
 
52

 
190

Total
 
 

$132

 

$330





Netting of Derivative Instruments
The Company has various financial assets and financial liabilities that are subject to enforceable master netting agreements or similar agreements. The Company's securities borrowed or purchased under agreements to resell, and securities sold under agreements to repurchase, that are subject to enforceable master netting agreements or similar agreements, are discussed in Note 2, "Federal Funds Sold and Securities Financing Activities." The Company enters into ISDA or other legally enforceable industry standard master netting agreements with derivative counterparties. Under the terms of the master netting agreements, all transactions between the Company and the counterparty constitute a single business relationship such that in the event of default, the nondefaulting party is entitled to set off claims and apply property held by that party in respect of any transaction against obligations owed. Any payments, deliveries, or other transfers may be applied against each other and netted.
The following tables present total gross derivative instrument assets and liabilities at September 30, 2015 and December 31, 2014, which are adjusted to reflect the effects of legally enforceable master netting agreements and cash collateral received or paid on the net amount reported in the Consolidated Balance Sheets. Also included in the tables are financial instrument collateral related to legally enforceable master netting agreements that represents securities collateral received or pledged and customer cash collateral held at third party custodians. These amounts are not offset on the Consolidated Balance Sheets but are shown as a reduction to total derivative instrument assets and liabilities to derive net derivative assets and liabilities. These amounts are limited to the derivative asset/liability balance, and accordingly, do not include excess collateral received/pledged.
(Dollars in millions)
Gross
Amount
 
Amount
Offset
 
Net Amount
Presented in
Consolidated
Balance Sheets
 
Held/Pledged
Financial
Instruments
 
Net
Amount
September 30, 2015
 
 
 
 
 
 
 
 
 
Derivative instrument assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$4,748

 

$3,455

 

$1,293

 

$51

 

$1,242

Derivatives not subject to master netting arrangement or similar arrangement
38

 
—

 
38

 
—

 
38

Exchange traded derivatives
472

 
354

 
118

 
—

 
118

Total derivative instrument assets

$5,258

 

$3,809

 

$1,449

1 

$51

 

$1,398

 
 
 
 
 
 
 
 
 
 
Derivative instrument liabilities:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$4,488

 

$4,011

 

$477

 

$20

 

$457

Derivatives not subject to master netting arrangement or similar arrangement
88

 
—

 
88

 
—

 
88

Exchange traded derivatives
354

 
354

 
—

 
—

 
—

Total derivative instrument liabilities

$4,930

 

$4,365

 

$565

2 

$20

 

$545

 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Derivative instrument assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$5,127

 

$4,095

 

$1,032

 

$63

 

$969

Derivatives not subject to master netting arrangement or similar arrangement
25

 
—

 
25

 
—

 
25

Exchange traded derivatives
687

 
437

 
250

 
—

 
250

Total derivative instrument assets

$5,839

 

$4,532

 

$1,307

1 

$63

 

$1,244

 
 
 
 
 
 
 
 
 
 
Derivative instrument liabilities:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$5,001

 

$4,678

 

$323

 

$12

 

$311

Derivatives not subject to master netting arrangement or similar arrangement
133

 
—

 
133

 
—

 
133

Exchange traded derivatives
443

 
437

 
6

 
—

 
6

Total derivative instrument liabilities

$5,577

 

$5,115

 

$462

2 

$12

 

$450

1 At September 30, 2015, $1.4 billion, net of $541 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2014, $1.3 billion, net of $449 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.
2 At September 30, 2015, $565 million, net of $1.1 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2014, $462 million, net of $1.0 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.

Credit Derivative Instruments
As part of SunTrust's trading businesses, the Company enters into contracts that are, in form or substance, written guarantees: specifically, CDS, risk participations, and TRS. The Company accounts for these contracts as derivatives and, accordingly, records these contracts at fair value, with changes in fair value recognized in trading income in the Consolidated Statements of Income.
The Company writes CDS, which are agreements under which the Company receives premium payments from its counterparty for protection against an event of default of a reference asset. In the event of default under the CDS, the Company would either settle its obligation net cash or make a cash payment to its counterparty and take delivery of the defaulted reference asset, from which the Company may recover all, a portion, or none of the credit loss, depending on the performance of the reference asset. Events of default, as defined in the CDS agreements, are generally triggered upon the failure to pay and similar events related to the issuer(s) of the reference asset. When the Company has written CDS, all written CDS contracts reference single name corporate credits or corporate credit indices. The Company generally enters into offsetting CDS for the underlying reference asset, under which the Company pays a premium to its counterparty for protection against an event of default on the reference asset. The counterparties to these purchased CDS are generally of high creditworthiness and typically have ISDA master netting agreements in place that subject the CDS to master netting provisions, thereby mitigating the risk of non-payment to the Company. As such, at September 30, 2015, the Company did not have any material risk of making a non-recoverable payment on any written CDS. During 2015 and 2014, the only instances of default on written CDS were driven by credit indices with constituent credit default. In all cases where the Company made resulting cash payments to settle, the Company collected like amounts from the counterparties to the offsetting purchased CDS.
At September 30, 2015 and December 31, 2014, written CDS had remaining terms of five years and four years, respectively. The fair values of written CDS were under $1 million and $1 million at September 30, 2015 and December 31, 2014, respectively. The maximum guarantees outstanding at September 30, 2015 and December 31, 2014, as measured by the gross notional amounts of written CDS, were $150 million and $20 million, respectively, which represent the curtailment of mirror purchase CDS positions. At September 30, 2015 and December 31, 2014, the gross notional amounts of purchased CDS contracts, which protect the Company against default of a reference asset, were $315 million and $190 million, respectively. The fair values of purchased CDS were $2 million and $5 million at September 30, 2015 and December 31, 2014, respectively.
The Company has also entered into TRS contracts on loans. The Company’s TRS business consists of matched trades, such that when the Company pays depreciation on one TRS, it receives the same amount on the matched TRS. To mitigate its credit risk, the Company typically receives initial cash collateral from the counterparty upon entering into the TRS and is entitled to additional collateral if the fair value of the underlying reference assets deteriorates. There were $2.4 billion and $2.3 billion of outstanding TRS notional balances at September 30, 2015 and December 31, 2014, respectively. The fair values of these TRS assets and liabilities at September 30, 2015 were $16 million and $11 million, respectively, and related collateral held at September 30, 2015 was $462 million. The fair values of the TRS assets and liabilities at December 31, 2014 were $19 million and $14 million, respectively, and related collateral held at December 31, 2014 was $373 million. For additional information on the Company's TRS contracts, see Note 8, "Certain Transfers of Financial Assets and Variable Interest Entities," as well as Note 14, "Fair Value Election and Measurement."
The Company writes risk participations, which are credit derivatives, whereby the Company has guaranteed payment to a dealer counterparty in the event the counterparty experiences a loss on a derivative, such as an interest rate swap, due to a failure to pay by the counterparty’s customer (the “obligor”) on that derivative. The Company monitors its payment risk on its risk participations by monitoring the creditworthiness of the obligors, which is based on the normal credit review process the Company would have performed had it entered into a derivative directly with the obligors. The obligors are all corporations or partnerships. The Company continues to monitor the creditworthiness of the obligors and the likelihood of payment could change at any time due to unforeseen circumstances. To date, no material losses have been incurred related to the Company’s written risk participations. At September 30, 2015, the remaining terms for these risk participations generally ranged from zero to eight years, with a weighted average on the maximum estimated exposure of 4 years. The Company’s maximum estimated exposure to written risk participations, as measured by projecting a maximum value of the guaranteed derivative instruments based on interest rate curve simulations and assuming 100% default by all obligors on the maximum values, was approximately $73 million and $31 million at September 30, 2015 and December 31, 2014, respectively. The fair values of the written risk participations were immaterial at both September 30, 2015 and December 31, 2014. As part of its trading activities, the Company may enter into purchased risk participations to mitigate credit exposure to a derivative counterparty.

Cash Flow Hedging Instruments
The Company utilizes a comprehensive risk management strategy to monitor sensitivity of earnings to movements in interest rates. Specific types of funding and principal amounts hedged are determined based on prevailing market conditions and the shape of the yield curve. In conjunction with this strategy, the Company may employ various interest rate derivatives as risk management tools to hedge interest rate risk from recognized assets and liabilities or from forecasted transactions. The terms and notional amounts of derivatives are determined based on management’s assessment of future interest rates, as well as other factors.
Interest rate swaps have been designated as hedging the exposure to the benchmark interest rate risk associated with floating rate loans. At September 30, 2015, the maturities for hedges of floating rate loans ranged from one to seven years, with the weighted average being 3.2 years. These hedges have been highly effective in offsetting the designated risks, yielding an immaterial amount of ineffectiveness for the three and nine months ended September 30, 2015 and 2014. At September 30, 2015, $211 million of the deferred net pre-tax gains on derivative instruments that are recognized in AOCI are expected to be reclassified to net interest income over the next twelve months in connection with the recognition of interest income on these hedged items. The amount to be reclassified into income includes both active and terminated or de-designated cash flow hedges. The Company may choose to terminate or de-designate a hedging relationship in this program due to a change in the risk management objective for that specific hedge item, which may arise in conjunction with an overall balance sheet management strategy.
Fair Value Hedging Instruments
The Company enters into interest rate swap agreements as part of the Company’s risk management objectives for hedging its exposure to changes in fair value due to changes in interest rates. These hedging arrangements convert Company-issued fixed rate, long-term debt to floating rates. Consistent with this objective, the Company reflects the accrued contractual interest on the hedged item and the related swaps as part of current period interest expense. There were no components of derivative gains or losses excluded in the Company’s assessment of hedge effectiveness related to the fair value hedges.
Economic Hedging Instruments and Trading Activities
In addition to designated hedge accounting relationships, the Company also enters into derivatives as an end user to economically hedge risks associated with certain non-derivative and derivative instruments, along with entering into derivatives in a trading capacity with its clients.
The primary risks that the Company economically hedges are interest rate risk, foreign exchange risk, and credit risk. Economic hedging objectives are accomplished by entering into offsetting derivatives either on an individual basis or collectively on a macro basis and generally accomplish the Company’s goal of mitigating the targeted risk.
The Company utilizes interest rate derivatives to mitigate exposures from various instruments, including:
•
MSRs. The Company hedges these instruments with a combination of mortgage and interest rate derivatives, including forward and option contracts, futures, and forward rate agreements.
•
IRLCs and mortgage LHFS. The Company hedges these instruments using forward contracts, futures, and option contracts.
The Company is exposed to volatility and changes in foreign exchange rates associated with certain commercial loans. To hedge against this foreign exchange rate risk, the Company enters into foreign exchange rate contracts that provide for the future receipt and delivery of foreign currency at previously agreed-upon terms.
The Company enters into CDS to hedge credit risk associated with certain loans held within its Wholesale Banking segment. The Company accounts for these contracts as derivatives and, accordingly, recognizes these contracts at fair value, with changes in fair value recognized in other noninterest income in the Consolidated Statements of Income.
Trading activity primarily includes interest rate swaps, equity derivatives, CDS, futures, options, foreign currency contracts, and commodities. These derivatives are entered into in a dealer capacity to facilitate client transactions, or are utilized as a risk management tool by the Company as an end user (predominantly in certain macro-hedging strategies). The macro-hedging strategies are focused on managing the Company’s overall interest rate risk exposure that is not otherwise hedged by derivatives or in connection with specific hedges and, therefore, the Company does not specifically associate individual derivatives with specific assets or liabilities.
Fair Value Election and Measurement
Fair Value Election and Measurement
NOTE 14 - FAIR VALUE ELECTION AND MEASUREMENT
The Company measures certain assets and liabilities at fair value, which are classified as level 1, 2, or 3 within the fair value hierarchy, as shown below, on the basis of whether the measurement employs observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s own assumptions taking into account information about market participant assumptions that is readily available.
•
Level 1: Quoted prices for identical instruments in active markets.
•
Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.
•
Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company’s recurring fair value measurements are based on a requirement to measure such assets and liabilities at fair value or the Company’s election to measure certain financial assets and liabilities at fair value. Assets and liabilities that are required to be measured at fair value on a recurring basis include trading securities, securities AFS, and derivative financial instruments. Assets and liabilities that the Company has elected to measure at fair value on a recurring basis include MSRs and certain LHFS, LHFI, trading loans, and issuances of fixed rate debt.
The Company elects to measure certain assets and liabilities at fair value to better align its financial performance with the economic value of actively traded or hedged assets or liabilities. The use of fair value also enables the Company to mitigate non-economic earnings volatility caused from financial assets and liabilities being carried at different bases of accounting, as well as to more accurately portray the active and dynamic management of the Company’s balance sheet.
The Company uses various valuation techniques and assumptions in estimating fair value. The assumptions used to estimate the value of an instrument have varying degrees of impact to the overall fair value of an asset or liability. This process involves the gathering of multiple sources of information, including broker quotes, values provided by pricing services, trading activity in other identical or similar securities, market indices, and pricing matrices. When observable market prices for the asset or liability are not available, the Company employs various modeling techniques, such as discounted cash flow analyses to estimate fair value. Models used to produce material financial reporting information are validated prior to use and following any material change in methodology. Their performance is monitored quarterly, and any material deterioration in model performance is addressed. This review is performed by an internal group that reports to the Corporate Risk Function.
The Company has formal processes and controls in place to support the appropriateness of its fair value estimates. For fair values obtained from a third party, or those that include certain trader estimates of fair value, there is an independent price validation function that provides oversight for these estimates. For level 2 instruments and certain level 3 instruments, the validation generally involves evaluating pricing received from two or more other third party pricing sources that are widely used by market participants. The Company evaluates this pricing information from both a qualitative and quantitative perspective and determines whether any pricing differences exceed acceptable thresholds. If these thresholds are exceeded, the Company assesses differences in valuation approaches used, which may include contacting a pricing service to gain further insight into the valuation of a particular security or class of securities to resolve the pricing variance, which could include an adjustment to the price used for financial reporting purposes.
The Company classifies instruments within level 2 in the fair value hierarchy when it determines that external pricing sources estimated fair value using prices for similar instruments trading in active markets. A wide range of quoted values from pricing sources may imply a reduced level of market activity and indicate that significant adjustments to price indications have been made. In such cases, the Company evaluates whether the asset or liability should be classified as level 3.
Determining whether to classify an instrument as level 3 involves judgment and is based on a variety of subjective factors, including whether a market is inactive. A market is considered inactive if significant decreases in the volume and level of activity for the asset or liability have been observed. In making this determination the Company evaluates the number of recent transactions in either the primary or secondary market, whether price quotations are current, the nature of market participants, the variability of price quotations, the breadth of bid/ask spreads, declines in (or the absence of) new issuances, and the availability of public information. When a market is determined to be inactive, significant adjustments may be made to price indications when estimating fair value. In making these adjustments the Company seeks to employ assumptions a market participant would use to value the asset or liability, including consideration of illiquidity in the referenced market.

Recurring Fair Value Measurements
The following tables present certain information regarding assets and liabilities measured at fair value on a recurring basis and the changes in fair value for those specific financial instruments for which fair value has been elected.
 
September 30, 2015
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$443

 

$—

 

$—

 

$—

 

$443

Federal agency securities
—

 
532

 
—

 
—

 
532

U.S. states and political subdivisions
—

 
40

 
—

 
—

 
40

MBS - agency
—

 
565

 
—

 
—

 
565

CLO securities
—

 
2

 
—

 
—

 
2

Corporate and other debt securities
—

 
390

 
—

 
—

 
390

CP
—

 
312

 
—

 
—

 
312

Equity securities
65

 
—

 
—

 
—

 
65

Derivative instruments
474

 
4,746

 
38

 
(3,809
)
 
1,449

Trading loans
—

 
2,739

 
—

 
—

 
2,739

Total trading assets and derivative instruments
982

 
9,326

 
38

 
(3,809
)
 
6,537

 
 
 
 
 
 
 
 
 
 
Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
3,065

 
—

 
—

 
—

 
3,065

Federal agency securities
—

 
420

 
—

 
—

 
420

U.S. states and political subdivisions
—

 
169

 
5

 
—

 
174

MBS - agency
—

 
22,905

 
—

 
—

 
22,905

MBS - private
—

 
—

 
102

 
—

 
102

ABS
—

 
—

 
15

 
—

 
15

Corporate and other debt securities
—

 
33

 
5

 
—

 
38

Other equity securities 2
111

 
—

 
440

 
—

 
551

Total securities AFS
3,176

 
23,527

 
567

 
—

 
27,270


 
 
 
 
 
 
 
 
 
Residential LHFS
—

 
1,881

 
2

 
—

 
1,883

LHFI
—

 
—

 
262

 
—

 
262

MSRs
—

 
—

 
1,262

 
—

 
1,262

 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
584

 
—

 
—

 
—

 
584

MBS - agency
—

 
4

 
—

 
—

 
4

Corporate and other debt securities
—

 
177

 
—

 
—

 
177

Derivative instruments
355

 
4,569

 
6

 
(4,365
)
 
565

Total trading liabilities and derivative instruments
939

 
4,750

 
6

 
(4,365
)
 
1,330

 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
986

 
—

 
—

 
986

Other liabilities 3
—

 
—

 
23

 
—

 
23


1 Amounts represent offsetting cash collateral received from, and paid to, the same derivative counterparties, and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.
2 Includes $111 million of mutual fund investments, $32 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.
3 Includes contingent consideration obligations related to acquisitions.










 
December 31, 2014
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$267

 

$—

 

$—

 

$—

 

$267

Federal agency securities
—

 
547

 
—

 
—

 
547

U.S. states and political subdivisions
—

 
42

 
—

 
—

 
42

MBS - agency
—

 
545

 
—

 
—

 
545

CLO securities
—

 
3

 
—

 
—

 
3

Corporate and other debt securities
—

 
509

 
—

 
—

 
509

CP
—

 
327

 
—

 
—

 
327

Equity securities
45

 
—

 
—

 
—

 
45

Derivative instruments
688

 
5,126

 
25

 
(4,532
)
 
1,307

Trading loans
—

 
2,610

 
—

 
—

 
2,610

Total trading assets and derivative instruments
1,000

 
9,709

 
25

 
(4,532
)
 
6,202

 
 
 
 
 
 
 
 
 
 
Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
1,921

 
—

 
—

 
—

 
1,921

Federal agency securities
—

 
484

 
—

 
—

 
484

U.S. states and political subdivisions
—

 
197

 
12

 
—

 
209

MBS - agency
—

 
23,048

 
—

 
—

 
23,048

MBS - private
—

 
—

 
123

 
—

 
123

ABS
—

 
—

 
21

 
—

 
21

Corporate and other debt securities
—

 
36

 
5

 
—

 
41

Other equity securities 2
138

 
—

 
785

 
—

 
923

Total securities AFS
2,059

 
23,765

 
946

 
—

 
26,770

 
 
 
 
 
 
 
 
 
 
Residential LHFS
—

 
1,891

 
1

 
—

 
1,892

LHFI
—

 
—

 
272

 
—

 
272

MSRs
—

 
—

 
1,206

 
—

 
1,206

 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
485

 
—

 
—

 
—

 
485

MBS - agency
—

 
1

 
—

 
—

 
1

Corporate and other debt securities
—

 
279

 
—

 
—

 
279

Derivative instruments
444

 
5,128

 
5

 
(5,115
)
 
462

Total trading liabilities and derivative instruments
929

 
5,408

 
5

 
(5,115
)
 
1,227

 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
1,283

 
—

 
—

 
1,283

Other liabilities 3
—

 
—

 
27

 
—

 
27


1 Amounts represent offsetting cash collateral received from, and paid to, the same derivative counterparties, and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.
2 Includes $138 million of mutual fund investments, $376 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $7 million of other.
3 Includes contingent consideration obligations related to acquisitions.



The following tables present the difference between fair value and the aggregate UPB of trading loans, LHFS, LHFI, and long-term debt instruments for which the FVO has been elected. For LHFS and LHFI for which the FVO has been elected, the tables also include the difference between fair value and the aggregate UPB of loans in nonaccrual status.

(Dollars in millions)
Fair Value at September 30, 2015
 
Aggregate UPB under FVO at September 30, 2015
 
Fair Value
Over/(Under)
Unpaid Principal
Assets:
 
 
 
 
 
Trading loans

$2,739

 

$2,687

 

$52

LHFS:
 
 
 
 
 
Accrual
1,883

 
1,806

 
77

LHFI:
 
 
 
 
 
Accrual
260

 
269

 
(9
)
Nonaccrual
2

 
3

 
(1
)

Liabilities:
 
 
 
 
 
Long-term debt
986

 
907

 
79

 
 
 
 
 
 
(Dollars in millions)
Fair Value at December 31, 2014
 
Aggregate UPB under FVO at December 31, 2014
 

Fair Value
Over/(Under)
Unpaid Principal
Assets:
 
 
 
 
 
Trading loans

$2,610

 

$2,589

 

$21

LHFS:
 
 
 
 
 
Accrual
1,891

 
1,817

 
74

Nonaccrual
1

 
1

 
—

LHFI:
 
 
 
 
 
Accrual
269

 
281

 
(12
)
Nonaccrual
3

 
5

 
(2
)

Liabilities:
 
 
 
 
 
Long-term debt
1,283

 
1,176

 
107





The following tables present the change in fair value during the three and nine months ended September 30, 2015 and 2014 of financial instruments for which the FVO has been elected, as well as MSRs. The tables do not reflect the change in fair value attributable to the related economic hedges the Company uses to mitigate the market-related risks associated with the financial instruments. Generally, the changes in the fair value of economic hedges are recognized in trading income, mortgage production related income, or mortgage servicing related income, as appropriate, and are designed to partially offset the change in fair value of the financial instruments referenced in the tables below. The Company’s economic hedging activities are deployed at both the instrument and portfolio level.

 
Fair Value Gain/(Loss) for the Three Months Ended
September 30, 2015 for Items Measured at Fair Value
Pursuant to Election of the FVO
 
Fair Value Gain/(Loss) for the Nine Months Ended
September 30, 2015 for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading Income
Mortgage
Production
Related
Income 1
Mortgage
Servicing
Related
Income
Other Noninterest Income
Total Changes
in Fair Values
Included in
Current Period
  Earnings 2
 
Trading
Income
Mortgage Production Related
 Income 1
Mortgage
Servicing
Related
Income
Other Noninterest Income
Total Changes
in Fair Values
Included in
Current
Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
 
 
 
 
Trading loans

($1
)

$—


$—


$—


($1
)
 

$1


$—


$—


$—


$1

LHFS
—

20

—

—

20

 
—

32

—

—

32

LHFI
—

—

—

4

4

 
—

—

—

3

3

MSRs
—

—

(198
)
—

(198
)
 
—

1

(235
)
—

(234
)
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
9

—

—

—

9

 
28

—

—

—

28

1 Income related to LHFS does not include income from IRLCs. For the three and nine months ended September 30, 2015, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the three and nine months ended September 30, 2015 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.


 
Fair Value Gain/(Loss) for the Three Months Ended
September 30, 2014 for Items Measured at Fair Value
Pursuant to Election of the FVO
 
Fair Value Gain/(Loss) for the Nine Months Ended
September 30, 2014 for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading Income
Mortgage
Production
Related
Income 1
Mortgage
Servicing
Related
Income
Total Changes
in Fair Values
Included in
Current
Period
  Earnings 2
 
Trading
Income
Mortgage Production Related
 Income 1
Mortgage
Servicing
Related
Income
Total Changes
in Fair Values
Included in
Current
Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
 
 
Trading loans

$1


$—


$—


$1

 

$10


$—


$—


$10

LHFS
—

(32
)
—

(32
)
 
—

(18
)
—

(18
)
LHFI
—

—

—

—

 
—

8

—

8

MSRs
—

—

(55
)
(55
)
 
—

2

(240
)
(238
)
 
Liabilities:
 
 
 
 
 
 
 
 
 
Brokered time deposits
1

—

—

1

 
6

—

—

6

Long-term debt
9

—

—

9

 
6

—

—

6

1 Income related to LHFS does not include income from IRLCs. For the three and nine months ended September 30, 2014, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the three and nine months ended September 30, 2014 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, brokered time deposits, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

The following is a discussion of the valuation techniques and inputs used in estimating fair value measurements for assets and liabilities measured at fair value on a recurring basis and classified as level 2 or 3.
Trading Assets and Derivative Instruments and Securities Available for Sale
Unless otherwise indicated, trading assets are priced by the trading desk and securities AFS are valued by an independent third party pricing service.

Federal agency securities
The Company includes in this classification securities issued by federal agencies and GSEs. Agency securities consist of debt obligations issued by HUD, FHLB, and other agencies or collateralized by loans that are guaranteed by the SBA and are, therefore, backed by the full faith and credit of the U.S. government. For SBA instruments, the Company estimated fair value based on pricing from observable trading activity for similar securities or obtained fair values from a third party pricing service. Accordingly, the Company classified these instruments as level 2.
U.S. states and political subdivisions
The Company’s investments in U.S. states and political subdivisions (collectively “municipals”) include obligations of county and municipal authorities and agency bonds, which are general obligations of the municipality or are supported by a specified revenue source. Holdings were geographically dispersed, with no significant concentrations in any one state or municipality. Additionally, all AFS municipal obligations classified as level 2 are highly rated or are otherwise collateralized by securities backed by the full faith and credit of the federal government.
Level 3 AFS municipal securities at September 30, 2015 and December 31, 2014 includes bonds that are only redeemable with the issuer at par and cannot be traded in the market. As such, no significant observable market data for these instruments is available; therefore these securities are priced at par.

MBS – agency
Agency MBS includes pass-through securities and collateralized mortgage obligations issued by GSEs and U.S. government agencies, such as Fannie Mae, Freddie Mac, and Ginnie Mae. Each security contains a guarantee by the issuing GSE or agency. For agency MBS, the Company estimated fair value based on pricing from observable trading activity for similar securities or obtained fair values from a third party pricing service; accordingly, the Company has classified these instruments as level 2.
MBS – private
Private MBS includes purchased interests in third party securitizations, as well as retained interests in Company-sponsored securitizations of 2006 and 2007 vintage residential mortgages (including both prime jumbo fixed rate collateral and floating rate collateral). At the time of purchase or origination, these securities had high investment grade ratings; however, through the credit crisis, they have experienced deterioration in credit quality leading to downgrades to non-investment grade levels. Generally, the Company obtains pricing for its securities from an independent pricing service. The Company evaluates third party pricing to determine the reasonableness of the information relative to changes in market data, such as any recent trades, information received from market participants and analysts, and/or changes in the underlying collateral performance. The Company continued to classify private MBS as level 3, as the Company believes that available third party pricing relies on significant unobservable assumptions, as evidenced by a persistently wide bid-ask price range and variability in pricing from the pricing services, particularly for the vintage and exposures held by the Company.

Asset-Backed Securities
ABS classified as securities AFS includes purchased interests in third party securitizations collateralized by home equity loans and are valued based on third party pricing with significant unobservable assumptions; thus, they are classified as level 3.
Corporate and other debt securities
Corporate debt securities are predominantly comprised of senior and subordinate debt obligations of domestic corporations and are classified as level 2. Other debt securities in level 3 primarily include bonds that are redeemable with the issuer at par and cannot be traded in the market; as such, observable market data for these instruments is not available.
Commercial Paper
From time to time, the Company acquires third party CP that is generally short-term in nature (less than 30 days) and highly rated. The Company estimates the fair value of this CP based on observable pricing from executed trades of similar instruments; thus, CP is classified as level 2.
Equity securities
Equity securities classified as securities AFS include FHLB of Atlanta stock and Federal Reserve Bank of Atlanta stock, which are redeemable with the issuer at cost and cannot be traded in the market. As such, observable market data for these instruments is not available and they are classified as level 3. The Company accounts for the stock based on industry guidance that requires these investments be carried at cost and evaluated for impairment based on the ultimate recovery of cost.

Derivative instruments
The Company holds derivative instruments for both trading and risk management purposes. Level 1 derivative instruments generally include exchange-traded futures or option contracts for which pricing is readily available. The Company’s level 2 instruments are predominantly OTC swaps, options, and forwards, measured using observable market assumptions for interest rates, foreign exchange, equity, and credit. Because fair values for OTC contracts are not readily available, the Company estimates fair values using internal, but standard, valuation models. The selection of valuation models is driven by the type of contract: for option-based products, the Company uses an appropriate option pricing model such as Black-Scholes. For forward-based products, the Company’s valuation methodology is generally a discounted cash flow approach.
The Company's derivative instruments classified as level 2 are primarily transacted in the institutional dealer market and priced with observable market assumptions at a mid-market valuation point, with appropriate valuation adjustments for liquidity and credit risk. To this end, the Company has evaluated liquidity premiums required by market participants, as well as the credit risk of its counterparties and its own credit. The Company has considered factors such as the likelihood of default by itself and its counterparties, its net exposures, and remaining maturities in determining the appropriate fair value adjustments to record. See Note 13, “Derivative Financial Instruments,” for additional information on the Company's derivative instruments.
The Company's derivative instruments classified as level 3 include IRLCs that satisfy the criteria to be treated as derivative financial instruments. The fair value of IRLCs on residential LHFS, while based on interest rates observable in the market, is highly dependent on the ultimate closing of the loans. These “pull-through” rates are based on the Company’s historical data and reflect the Company’s best estimate of the likelihood that a commitment will ultimately result in a closed loan. As pull-through rates increase, the fair value of IRLCs also increases. Servicing value is included in the fair value of IRLCs, and the fair value of servicing is determined by projecting cash flows, which are then discounted to estimate an expected fair value. The fair value of servicing is impacted by a variety of factors, including prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. Because these inputs are not transparent in market trades, IRLCs are considered to be level 3 assets. During the three and nine months ended September 30, 2015, the Company transferred $41 million and $138 million, respectively, of net IRLCs out of level 3 as the associated loans were closed. During the three and nine months ended September 30, 2014 the Company transferred $64 million and $181 million, respectively, of net IRLCs out of level 3 as the associated loans were closed.
    
Trading loans
The Company engages in certain businesses whereby the election to measure loans at fair value for financial reporting aligns with the underlying business purpose. Specifically, the loans that are included within this classification are: (i) loans made or acquired in connection with the Company’s TRS business, (ii) loans backed by the SBA, and (iii) the loan sales and trading business within the Company’s Wholesale Banking segment. See Note 8, "Certain Transfers of Financial Assets and Variable Interest Entities," and Note 13, “Derivative Financial Instruments,” for further discussion of this business. All of these loans are classified as level 2, due to the market data that the Company uses in the estimate of fair value.
The loans made in connection with the Company’s TRS business are short-term, senior demand loans that are collateralized by cash. While these loans do not trade in the market, the Company believes that the par amount of the loans approximates fair value and no unobservable assumptions are used by the Company to value these loans. At September 30, 2015 and December 31, 2014, the Company had outstanding $2.4 billion and $2.3 billion, respectively, of such short-term loans measured at fair value.
SBA loans are similar to SBA securities discussed herein under “Federal agency securities,” except for their legal form. In both cases, the Company trades instruments that are fully guaranteed by the U.S. government as to contractual principal and interest and there is sufficient observable trading activity upon which to base the estimate of fair value. As these SBA loans are fully guaranteed, the changes in fair value are attributable to factors other than instrument-specific credit risk.
The loans from the Company’s sales and trading business are commercial and corporate leveraged loans that are either traded in the market or for which similar loans trade. The Company elected to measure these loans at fair value since they are actively traded. For both the three and nine months ended September 30, 2015 and 2014, the Company recognized an immaterial amount of gains/(losses) in the Consolidated Statements of Income due to changes in fair value attributable to instrument-specific credit risk. The Company is able to obtain fair value estimates for substantially all of these loans through a third party valuation service that is broadly used by market participants. While most of the loans are traded in the market, the Company does not believe that trading activity qualifies the loans as level 1 instruments, as the volume and level of trading activity is subject to variability and the loans are not exchange-traded. At September 30, 2015 and December 31, 2014, $261 million and $284 million, respectively, of loans related to the Company’s trading business were held in inventory.

Loans Held for Sale and Loans Held for Investment
Residential LHFS
The Company values certain newly-originated mortgage LHFS predominantly at fair value based upon defined product criteria. The Company chooses to fair value these mortgage LHFS to eliminate the complexities and inherent difficulties of achieving hedge accounting and to better align reported results with the underlying economic changes in value of the loans and related hedge instruments. Origination fees are recognized within mortgage production related income in the Consolidated Statements of Income when earned at the time of closing. The servicing value is included in the fair value of the loan and initially recognized at the time the Company enters into IRLCs with borrowers. The Company uses derivative instruments to economically hedge changes in interest rates and the related impact on servicing value in the fair value of the loan. The mark-to-market adjustments related to LHFS and the associated economic hedges are captured in mortgage production related income.
LHFS classified as level 2 are primarily agency loans which trade in active secondary markets and are priced using current market pricing for similar securities, adjusted for servicing, interest rate risk, and credit risk. Non-agency residential mortgages are also included in level 2 LHFS. Transfers of certain mortgage LHFS into level 3 during the three and nine months ended September 30, 2015 and 2014 were largely due to borrower defaults or the identification of other loan defects impacting the marketability of the loans.
For residential loans that the Company has elected to measure at fair value, the Company considers the component of the fair value changes due to instrument-specific credit risk, which is intended to be an approximation of the fair value change attributable to changes in borrower-specific credit risk. For both the three and nine months ended September 30, 2015 and 2014, the Company recognized an immaterial amount of gains/(losses) in the Consolidated Statements of Income due to changes in fair value attributable to borrower-specific credit risk. In addition to borrower-specific credit risk, there are other, more significant, variables that drive changes in the fair values of the loans, including interest rates and general conditions in the markets for the loans.
LHFI
LHFI classified as level 3 includes predominantly mortgage loans that are not marketable, largely due to the identification of loan defects. The Company values these loans using a discounted cash flow approach based on assumptions that are generally not observable in current markets, such as prepayment speeds, default rates, loss severity rates, and discount rates. These assumptions have an inverse relationship to the overall fair value. Level 3 LHFI also includes mortgage loans that are valued using collateral based pricing. Changes in the applicable housing price index since the time of the loan origination are considered and applied to the loan's collateral value. An additional discount representing the return that a buyer would require is also considered in the overall fair value.
Mortgage Servicing Rights
The Company records MSR assets at fair value using a discounted cash flow approach. The fair values of MSRs are impacted by a variety of factors, including prepayment assumptions, spreads, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. The underlying assumptions and estimated values are corroborated by values received from independent third parties based on their review of the servicing portfolio, and comparisons to market transactions. Because these inputs are not transparent in market trades, MSRs are classified as level 3 assets. For additional information see Note 7, "Goodwill and Other Intangible Assets."

Liabilities
Trading liabilities and derivative instruments
Trading liabilities are primarily comprised of derivative contracts, but also include various contracts (primarily U.S. Treasury securities, corporate and other debt securities) that the Company uses in certain of its trading businesses. The Company employs the same valuation methodologies for these derivative contracts and securities as are discussed within the corresponding sections herein under “Trading Assets and Derivative Instruments and Securities Available for Sale.”
During the second quarter of 2009, in connection with its sale of Visa Class B shares, the Company entered into a derivative contract whereby the ultimate cash payments received or paid, if any, under the contract are based on the ultimate resolution of litigation involving Visa. The value of the derivative was estimated based on the Company’s expectations regarding the ultimate resolution of that litigation, which involved a high degree of judgment and subjectivity. Accordingly, the value of the related derivative liability is classified as a level 3 instrument. See Note 12, "Guarantees," for a discussion of the valuation assumptions.
Long-term debt
The Company has elected to measure at fair value certain fixed rate debt issuances of public debt which are valued by obtaining price indications from a third party pricing service and utilizing broker quotes to corroborate the reasonableness of those marks. Additionally, information from market data of recent observable trades and indications from buy side investors, if available, are taken into consideration as additional support for the value. Due to the availability of this information, the Company determined that the appropriate classification for the debt is level 2. The election to fair value the debt was made to align the accounting for the debt with the accounting for offsetting derivative positions without having to apply hedge accounting, thus avoiding the complex and time consuming fair value hedge accounting requirements.
The Company’s public debt measured at fair value impacts earnings predominantly through changes in the Company’s credit spreads as the Company has entered into derivative financial instruments that economically convert the interest rate on the debt from a fixed to a floating rate. The estimated earnings impact from changes in credit spreads above U.S. Treasury rates resulted in an immaterial amount of gains for the three and nine months ended September 30, 2015, respectively, and gains of $2 million and losses of $24 million for the three and nine months ended September 30, 2014, respectively.

Other liabilities
The Company’s other liabilities that are measured at fair value on a recurring basis include contingent consideration obligations related to acquisitions. Contingent consideration associated with acquisitions is adjusted to fair value until settled. As the assumptions used to measure fair value are based on internal metrics that are not market observable, the earn-out is considered a level 3 liability.

The valuation technique and range, including weighted average, of the unobservable inputs associated with the Company's level 3 assets and liabilities are as follows:
 
 Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)
Fair value
September 30, 2015
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
Derivative instruments, net 2

$32

 
Internal model
 
Pull through rate
 
39-100% (75%)
 
MSR value
 
26-201 bps (100 bps)
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
5

 
Cost
 
N/A
 
 
MBS - private
102

 
Third party pricing
 
N/A
 
 
ABS
15

 
Third party pricing
 
N/A
 
 
Corporate and other debt securities
5

 
Cost
 
N/A
 
 
Other equity securities
440

 
Cost
 
N/A
 
 
Residential LHFS
2

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
143-162 bps (156 bps)
Conditional prepayment rate
3-17 CPR (11 CPR)
Conditional default rate
0-2 CDR (0.5 CDR)
LHFI
260

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-452 bps (269 bps)
Conditional prepayment rate
5-36 CPR (13 CPR)
Conditional default rate
0-5 CDR (2 CDR)
2

Collateral based pricing
Appraised value
NM 4
MSRs
1,262

 
Monte Carlo/Discounted cash flow
 
Conditional prepayment rate
 
2-21 CPR (11 CPR)
 
Option adjusted spread
 
(5)-107% (8%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 3
23

 
Internal model
 
Loan production volume
 
150% (150%)

1 For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available to the Company, and therefore, have been noted as not applicable, "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment and includes the derivative liability associated with the Company's sale of Visa shares.
3 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. See Note 12, "Guarantees," for additional information.
4 Not meaningful.


 
 Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)
Fair value December 31, 2014
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
Derivative instruments, net 2

$20

 
Internal model
 
Pull through rate
 
40-100% (75%)
 
MSR value
 
39-218 bps (107 bps)
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
12

 
Cost
 
N/A
 
 
MBS - private
123

 
Third party pricing
 
N/A
 
 
ABS
21

 
Third party pricing
 
N/A
 
 
Corporate and other debt securities
5

 
Cost
 
N/A
 
 
Other equity securities
785

 
Cost
 
N/A
 
 
Residential LHFS
1

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
145-225 bps (157 bps)
 
Conditional prepayment rate
 
1-30 CPR (15 CPR)
 
Conditional default rate
 
0-3 CDR (0.75 CDR)
LHFI
269

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-450 bps (286 bps)
 
Conditional prepayment rate
 
4-30 CPR (14 CPR)
 
Conditional default rate
 
0-7 CDR (2 CDR)
3

 
Collateral based pricing
 
Appraised value
 
NM 4
MSRs
1,206

 
Monte Carlo/Discounted cash flow
 
Conditional prepayment rate
 
2-47 CPR (11 CPR)
 
Option adjusted spread
 
(1)-122% (10%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 3
27

 
Internal model
 
Loan production volume
 
0-150% (107%)

1 For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available to the Company, and therefore, have been noted as not applicable, "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment and includes the derivative liability associated with the Company's sale of Visa shares.
3 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. See Note 12, "Guarantees," for additional information.
4 Not meaningful.


The following tables present a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (other than servicing rights which are disclosed in Note 7, “Goodwill and Other Intangible Assets”). Transfers into and out of the fair value hierarchy levels are assumed to be as of the end of the quarter in which the transfer occurred. None of the transfers into or out of level 3 have been the result of using alternative valuation approaches to estimate fair values. There were no transfers between level 1 and 2 during the three and nine months ended September 30, 2015 and 2014.
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
July 1,
2015
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers
to/from
other
balance sheet
line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2015
 
Included in earnings (held at September 30, 2015) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instruments, net

$14

 

$58

2 

$—

 

$—

 

$—

 

$1

 

($41
)
 

$—

 

$—

 

$32

 

($1
)
2 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

 
MBS - private
112

 
(1
)
 
1

5 
—

 
—

 
(10
)
 
—

 
—

 
—

 
102

 
(1
)
 
ABS
17

 
—

 
—

 
—

 
—

 
(2
)
 
—

 
—

 
—

 
15

 
—

 
Corporate and other debt securities
3

 
—

 
—

 
5

 
—

 
(3
)
 
—

 
—

 
—

 
5

 
—

 
Other equity securities
582

 
—

 
(2
)
5 
—

 
—

 
(140
)
 
—

 
—

 
—

 
440

 
—

 
Total securities AFS
719

 
(1
)
 
(1
)
 
5

 
—

 
(155
)
 
—

 
—

 
—

 
567

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
2

 
—

 
—

 
—

 
(7
)
 
—

 
(1
)
 
8

 
—

 
2

 
—

 
LHFI
263

 
3

3 
—

 
—

 
—

 
(8
)
 
—

 
4

 
—

 
262

 
3

3 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
23

 
—


—

 
—

 
—

 
—

 
—

 
—

 
—

 
23

 
—

 
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2015
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers to/from other balance sheet line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2015
 
Included in earnings (held at September 30, 2015) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instruments, net

$20

 

$148

2 

$—

 

$—

 

$—

 

$2

 

($138
)
 

$—

 

$—

 

$32

 

($5
)
2 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
12

 
—

 
—

   
—

 
—

 
(7
)
 
—

 
—

 
—

 
5

 
—

   
MBS - private
123

 
(1
)
 
2

5 
—

 
—

 
(22
)
 
—

 
—

 
—

 
102

 
(1
)
 
ABS
21

 
—

   
—

   
—

 
—

 
(6
)
 
—

 
—

 
—

 
15

 
—

   
Corporate and other debt securities
5

 
—

   
—

   
5

 
—

 
(5
)
 
—

 
—

 
—

 
5

 
—

   
Other equity securities
785

 
—

 
(2
)
5 
104

 
—

 
(447
)
 
—

 
—

 
—

 
440

 
—

 
Total securities AFS
946

 
(1
)

—

 
109

 
—

 
(487
)
 
—

 
—

 
—

 
567

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
1

 
—

 
—

   
—

 
(16
)
 
—

 
(2
)
 
19

 
—

 
2

 
—

 
LHFI
272

 
3

3 
—

   
—

 
—

 
(32
)
 
(1
)
 
20

 
—

 
262

 
1

3 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
27

 
6

4 
—

   
—

 
—

 
(10
)
 
—

 
—

 
—

 
23

 
6

4 

1 Change in unrealized gains/(losses) included in earnings during the period related to financial assets/liabilities still held at September 30, 2015.
2 Includes issuances, fair value changes, and expirations and are recognized in mortgage production related income.
3 Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in other noninterest income.
4 Amounts included in earnings are recognized in other noninterest expense.
5 Amount recognized in OCI is included in change in net unrealized gains/(losses) on securities AFS, net of tax.

 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
July 1,
2014
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers
to/from other
balance sheet
line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2014
 
Included in earnings (held at September 30, 2014) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instruments, net

$21

 

$47

2 

$—

 

$—

 

$—

 

$1

 

($64
)
 

$—

 

$—

 

$5

 

$16

2 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
12

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
12

 
—

 
MBS - private
140

 
(1
)
 
(1
)
5 
—

 
—

 
(6
)
 
—

 
—

 
—

 
132

 
(1
)
 
ABS
22

 
—

 
—

 
—

 
—

 
(1
)
 
—

 
—

 
—

 
21

 
—

 
Corporate and other debt securities
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

 
Other equity securities
779

 
—

 
—

 
135

 
—

 
(90
)
 
6

 
—

 
—

 
830

 
—

 
Total securities AFS
958

 
(1
)
4 
(1
)
 
135

 
—

 
(97
)
 
6

 
—

 
—

 
1,000

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
3

 
—


—

 
—

 
(3
)
 
—

 
—

 
1

 
—

 
1

 
—


LHFI
292

 
1

6 
—

 
—

 
—

 
(8
)
 
(2
)
 
1

 
—

 
284

 
1

6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
27

 
—

 
—

 
—

 
—

 
(3
)
 
—

 
—

 
—

 
24

 
—

 
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2014
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers to/from other balance sheet line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2014
 
Included in earnings (held at September 30, 2014) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDO/CLO securities

$54

 

$11

3 

$—

 

$—

 

($65
)
 

$—

 

$—

 

$—

 

$—

 

$—

 

$—

 
ABS
6

 
1

3 
—

 
—

 
(7
)
 
—

 
—

 
—

 
—

 
—

 
—

 
Derivative instruments, net
8

 
180

2 
—

 
—

 
—

 
2

 
(185
)
 
—

 
—

 
5

 
(10
)
2 
Total trading assets
68

 
192

 
—

 
—

   
(72
)
 
2

 
(185
)
 
—

 
—

 
5

 
(10
)
 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
34

 
(2
)
 
—

 
—

 
(20
)
 
—

 
—

 
—

 
—

 
12

 
—

   
MBS - private
154

 
(1
)
 
4

5 
—

 
—

 
(25
)
 
—

 
—

 
—

 
132

 
(1
)
   
ABS
21

 
—

 
1

5 
—

 
—

 
(1
)
 
—

 
—

 
—

 
21

 
—

   
Corporate and other debt securities
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

   
Other equity securities
739

 
—

 
—

 
270

 
—

 
(185
)
 
6

 
—

 
—

 
830

 
—

   
Total securities AFS
953

 
(3
)
4 
5

 
270

   
(20
)
 
(211
)
 
6

 
—

 
—

 
1,000

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
3

 
—

 
—

 
—

 
(7
)
 
—

 
(6
)
 
12

 
(1
)
 
1

 
—

 
LHFI
302

 
9

6 
—

 
—

 
—

 
(31
)
 
3

 
1

 
—

 
284

 
6

6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
29

 
1

7 
—

 
—

 
—

 
(3
)
 
(3
)
 
—

 
—

 
24

 
—

 

1 Change in unrealized gains/(losses) included in earnings for the period related to financial assets/liabilities still held at September 30, 2014.
2 Includes issuances, fair value changes, and expirations and are recognized in mortgage production related income.
3 Amounts included in earnings are recognized in trading income.
4 Amounts included in earnings are recognized in net securities gains/(losses).
5 Amounts recognized in OCI are included in change in net unrealized gains/(losses) on securities AFS, net of tax.
6 Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in trading income.
7 Amounts included in earnings are recognized in other noninterest expense.


Non-recurring Fair Value Measurements
The following tables present losses recognized on assets still held at period end and measured at fair value on a non-recurring basis for the three and nine months ended September 30, 2015 and for the year ended December 31, 2014. Adjustments to fair value generally result from the application of LOCOM or through write-downs of individual assets. The tables do not reflect changes in fair value attributable to economic hedges the Company may have used to mitigate interest rate risk associated with LHFS and MSRs.
 
 
 
Fair Value Measurements
 
Losses for the Three Months Ended September 30, 2015
 
Losses for the Nine Months Ended September 30, 2015
(Dollars in millions)
September 30, 2015
 
Level 1
 
Level 2
 
Level 3
 
 
LHFI

$17

 

$—

 

$—

 

$17

 

$—

 

$—

OREO
17

 
—

 
1

 
16

 
(2
)
 
(3
)
Other assets
39

 
—

 
32

 
7

 
(1
)
 
(7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
Losses for the
Year Ended
December 31, 2014
 
 
(Dollars in millions)
December 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
 

LHFS

$1,108

 

$121

 

$45

 

$942

 

($6
)
 
 
LHFI
24

 
—

 
—

 
24

 
—

 
 
OREO
29

 
—

 
1

 
28

 
(6
)
 
 
Affordable housing
77

 
—

 
—

 
77

 
(21
)
 
 
Other assets
225

 
—

 
216

 
9

 
(64
)
 
 

Discussed below are the valuation techniques and inputs used in developing fair value measurements for assets measured at fair value on a non-recurring basis and classified as level 1, 2, and/or 3.
Loans Held for Sale
During the second quarter of 2015, the Company transferred certain residential mortgage NPLs to LHFS and valued the loans at LOCOM as the Company elected to actively market these loans for sale. These nonperforming mortgages were predominantly reported at amortized cost prior to transferring to LHFS; however, a portion of the NPLs were measured at fair value. In the third quarter of 2015, the Company sold $92 million of these nonperforming LHFS at a value that exceeded their carrying amount by $10 million.
At December 31, 2014, LHFS classified as level 1 consisted of commercial and industrial loans for which pricing is readily available, and level 2 assets consisted primarily of agency and non-agency residential mortgages, which were measured using observable collateral valuations, and corporate loans, all of which are accounted for at LOCOM. Level 3 assets at December 31, 2014 consisted primarily of indirect auto loans and tax-exempt municipal leases that incurred fair value adjustments upon being transferred to LHFS, as the Company elected to actively market these loans for sale. These loans were valued consistent with the methodology discussed in the Recurring Fair Value Measurements section of this footnote.

Loans Held for Investment
At September 30, 2015 and December 31, 2014, LHFI consisted primarily of consumer and residential real estate loans discharged in Chapter 7 bankruptcy that had not been reaffirmed by the borrower, as well as nonperforming CRE loans for which specific reserves had been recognized. As these loans have been classified as nonperforming, cash proceeds from the sale of the underlying collateral is the expected source of repayment for a majority of these loans. Accordingly, the fair value of these loans is derived from the estimated fair value of the underlying collateral, incorporating market data if available. There were no gains or losses during the three and nine months ended September 30, 2015 or the year ended December 31, 2014, as the charge-offs related to these loans are a component of the ALLL. Due to the lack of market data for similar assets, all of these loans are considered level 3.

OREO
OREO is measured at the lower of cost, or fair value less costs to sell. OREO classified as level 2 consists primarily of residential homes, commercial properties, and vacant lots and land for which binding purchase agreements exist. OREO classified as level 3 consists primarily of residential homes, commercial properties, and vacant lots and land for which initial valuations are based on property-specific appraisals, broker pricing opinions, or other available market information. Updated value estimates are received regularly on level 3 OREO.

Affordable Housing
The Company evaluates its consolidated affordable housing properties for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment is recognized if the carrying amount of the property exceeds its fair value. During the three and nine months ended September 30, 2015, the Company did not recognize impairment on any of its affordable housing properties. During the first quarter of 2014, the Company decided to actively market for sale certain consolidated affordable housing properties, and accordingly, recognized an initial impairment charge of $36 million to adjust the carrying values of these properties to their estimated net realizable values, which were obtained from a third party broker opinion and were considered level 3. Subsequently during 2014, the Company recognized recoveries of $15 million on these affordable housing properties as a result of increased estimated net realizable values. Additionally, the Company recognized gains of $19 million during the nine months ended September 30, 2015 on the sale of these affordable housing investments. There were no related gains recognized on the sale of affordable housing investments for the three months ended September 30, 2015.

Other Assets
Other assets consist of other repossessed assets, assets under operating leases where the Company is the lessor, land held for sale, and equity method investments.
Other repossessed assets consist of repossessed personal property that is measured at fair value less cost to sell. These assets are considered level 3 as their fair value is determined based on a variety of subjective unobservable factors. There were no losses recognized by the Company on other repossessed assets during the three and nine months ended September 30, 2015 or the year ended December 31, 2014, as the impairment charges on repossessed personal property are a component of the ALLL.
The Company monitors the fair value of assets under operating leases where the Company is the lessor and recognizes impairment on the leased asset to the extent the carrying value is not recoverable and the fair value is less than its carrying value. Fair value is determined using collateral specific pricing digests, external appraisals, broker opinions, recent sales data from industry equipment dealers, and the discounted cash flows derived from the underlying lease agreement. As market data for similar assets and lease arrangements is available and used in the valuation, these assets are considered level 2. During the nine months ended September 30, 2015, the Company recognized impairment charges of $6 million attributable to the fair value of various personal property under operating leases. There were no related impairment charges for the three months ended September 30, 2015. During the year ended December 31, 2014, the Company recognized impairment charges of $59 million attributable to the fair value of various personal property under operating leases.
Land held for sale is recorded at the lesser of carrying value or fair value less cost to sell. Land held for sale is considered level 2 as its fair value is determined based on market comparables and broker opinions. The Company recognized $1 million in impairment charges on land held for sale during the three and nine months ended September 30, 2015. The Company recognized $5 million in impairment charges on land held for sale during the year ended December 31, 2014.

Fair Value of Financial Instruments
The measured amounts and fair values of the Company’s financial instruments are as follows:
 
September 30, 2015
 
Fair Value Measurements
 
(Dollars in millions)
Measured
Amount
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$4,916

 

$4,916

 

$4,916

 

$—

 

$—

(a) 
Trading assets and derivative instruments
6,537

 
6,537

 
982

 
5,517

 
38

(b) 
Securities AFS
27,270

 
27,270

 
3,176

 
23,527

 
567

(b) 
LHFS
2,032

 
2,034

 
—

 
2,007

 
27

(c) 
LHFI, net
131,774

 
129,046

 
—

 
406

 
128,640

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
146,371

 
146,407

 
—

 
146,407

 
—

(e) 
Short-term borrowings
3,942

 
3,942

 
—

 
3,942

 
—

(f) 
Long-term debt
8,444

 
8,403

 
—

 
7,852

 
551

(f) 
Trading liabilities and derivative instruments
1,330

 
1,330

 
939

 
385

 
6

(b) 

 
December 31, 2014
 
Fair Value Measurements
 
(Dollars in millions)
Measured
Amount
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$8,229

 

$8,229

 

$8,229

 

$—

 

$—

(a) 
Trading assets and derivative instruments
6,202

 
6,202

 
1,000

 
5,177

 
25

(b) 
Securities AFS
26,770

 
26,770

 
2,059

 
23,765

 
946

(b) 
LHFS
3,232

 
3,240

 
—

 
2,063

 
1,177

(c) 
LHFI, net
131,175

 
126,855

 
—

 
545

 
126,310

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
140,567

 
140,562

 
—

 
140,562

 
—

(e) 
Short-term borrowings
9,186

 
9,186

 
—

 
9,186

 
—

(f) 
Long-term debt
13,022

 
13,056

 
—

 
12,398

 
658

(f) 
Trading liabilities and derivative instruments
1,227

 
1,227

 
929

 
293

 
5

(b) 

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:
(a)
Cash and cash equivalents are valued at their carrying amounts, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.
(b)
Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.
(c)
LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally-developed and considers risk premiums that a market participant would require under then-current market conditions.
(d)
LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid or nonexistent requires significant judgment.
Generally, the Company measures fair value for LHFI based on estimated future discounted cash flows using current origination rates for loans with similar terms and credit quality, which derived an estimated value of 100% on the loan portfolio’s net carrying value at both September 30, 2015 and December 31, 2014. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was applied when estimating the fair value of these loans. The discounted value is a function of a market participant’s required yield in the current environment and is not a reflection of the expected cumulative losses on the loans.
(e)
Deposit liabilities with no defined maturity such as DDAs, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow approach that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values.
(f)
Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated discounted cash flows utilizing the Company’s current incremental borrowing rate for similar types of instruments. For long-term debt that the Company measures at fair value, refer to the respective valuation section within this footnote. For level 3 debt, the terms are unique in nature or there are otherwise no similar instruments that can be used to value the instrument without using significant unobservable assumptions. In this situation, the Company reviews current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.
Unfunded loan commitments and letters of credit are not included in the table above. At September 30, 2015 and December 31, 2014, the Company had $63.9 billion and $56.5 billion, respectively, of unfunded commercial loan commitments and letters of credit. A reasonable estimate of the fair value of these instruments is the carrying value of deferred fees plus the related unfunded commitments reserve, which was a combined $64 million and $59 million at September 30, 2015 and December 31, 2014, respectively. No active trading market exists for these instruments, and the estimated fair value does not include any value associated with the borrower relationship. The Company does not estimate the fair values of consumer unfunded lending commitments which can generally be canceled by providing notice to the borrower.
Contingencies
Contingencies
NOTE 15 – CONTINGENCIES
Litigation and Regulatory Matters
In the ordinary course of business, the Company and its subsidiaries are parties to numerous civil claims and lawsuits and subject to regulatory examinations, investigations, and requests for information. Some of these matters involve claims for substantial amounts. The Company’s experience has shown that the damages alleged by plaintiffs or claimants are often overstated, based on unsubstantiated legal theories, unsupported by facts, and/or bear no relation to the ultimate award that a court might grant. Additionally, the outcome of litigation and regulatory matters and the timing of ultimate resolution are inherently difficult to predict. These factors make it difficult for the Company to provide a meaningful estimate of the range of reasonably possible outcomes of claims in the aggregate or by individual claim. However, on a case-by-case basis, reserves are established for those legal claims in which it is probable that a loss will be incurred and the amount of such loss can be reasonably estimated. The Company's financial statements at September 30, 2015 reflect the Company's current best estimate of probable losses associated with these matters, including costs to comply with various settlement agreements, where applicable. The actual costs of resolving these claims may be substantially higher or lower than the amounts reserved.
For a limited number of legal matters in which the Company is involved, the Company is able to estimate a range of reasonably possible losses in excess of related reserves, if any. Management currently estimates these losses to range from $0 to approximately $160 million. This estimated range of reasonably possible losses represents the estimated possible losses over the life of such legal matters, which may span a currently indeterminable number of years, and is based on information available at September 30, 2015. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from this estimate. Those matters for which an estimate is not possible are not included within this estimated range; therefore, this estimated range does not represent the Company’s maximum loss exposure. Based on current knowledge, it is the opinion of management that liabilities arising from legal claims in excess of the amounts currently reserved, if any, will not have a material impact on the Company’s financial condition, results of operations, or cash flows. However, in light of the significant uncertainties involved in these matters and the large or indeterminate damages sought in some of these matters, an adverse outcome in one or more of these matters could be material to the Company’s financial condition, results of operations, or cash flows for any given reporting period.
The following is a description of certain litigation and regulatory matters:
Card Association Antitrust Litigation
The Company is a defendant, along with Visa and MasterCard, as well as several other banks, in several antitrust lawsuits challenging their practices. For a discussion regarding the Company’s involvement in this litigation matter, see Note 12, “Guarantees.”

Lehman Brothers Holdings, Inc. Litigation
Beginning in October 2008, STRH, along with other underwriters and individuals, were named as defendants in several individual and putative class action complaints filed in the U.S. District Court for the Southern District of New York and state and federal courts in Arkansas, California, Texas, and Washington. Plaintiffs alleged violations of Sections 11 and 12 of the Securities Act of 1933 and/or state law for allegedly false and misleading disclosures in connection with various debt and preferred stock offerings of Lehman Brothers Holdings, Inc. ("Lehman Brothers") and sought unspecified damages. All cases were transferred for coordination to the multi-district litigation captioned In re Lehman Brothers Equity/Debt Securities Litigation pending in the U.S. District Court for the Southern District of New York. Defendants filed a motion to dismiss all claims asserted in the class action. On July 27, 2011, the District Court granted in part and denied in part the motion to dismiss the claims against STRH and the other underwriter defendants in the class action. A settlement with the class plaintiffs was approved by the Court and the class settlement approval process was completed. A number of individual lawsuits and smaller putative class actions remained following the class settlement. STRH settled two such individual actions. The other individual lawsuits were dismissed. In two of such dismissed individual actions, the plaintiffs were unable to appeal the dismissals of their claims until their claims against a third party were resolved. In one of these individual actions, the plaintiffs have filed a notice of appeal to the Second Circuit Court of Appeals. Oral argument in that appeal is expected to occur in 2016. In the other remaining action, it is unclear whether the plaintiffs will file a notice of appeal.

Bickerstaff v. SunTrust Bank
This case was filed in the Fulton County State Court on July 12, 2010, and an amended complaint was filed on August 9, 2010. Plaintiff asserts that all overdraft fees charged to his account which related to debit card and ATM transactions are actually interest charges and therefore subject to the usury laws of Georgia. Plaintiff has brought claims for violations of civil and criminal usury laws, conversion, and money had and received, and purports to bring the action on behalf of all Georgia citizens who incurred such overdraft fees within the four years before the complaint was filed where the overdraft fee resulted in an interest rate being charged in excess of the usury rate. SunTrust filed a motion to compel arbitration and on March 16, 2012, the Court entered an order holding that SunTrust's arbitration provision is enforceable but that the named plaintiff in the case had opted out of that provision pursuant to its terms. The Court explicitly stated that it was not ruling at that time on the question of whether the named plaintiff could have opted out for the putative class members. SunTrust filed an appeal of this decision, but this appeal was dismissed based on a finding that the appeal was prematurely granted. On April 8, 2013, the plaintiff filed a motion for class certification and that motion was denied on February 19, 2014. Plaintiff appealed the denial of class certification and on September 8, 2015, the Georgia Supreme Court agreed to hear the appeal.
Putative ERISA Class Actions
Company Stock Class Action
Beginning in July 2008, the Company and certain officers, directors, and employees of the Company were named in a putative class action alleging that they breached their fiduciary duties under ERISA by offering the Company's common stock as an investment option in the SunTrust Banks, Inc. 401(k) Plan (the “Plan”). The plaintiffs purport to represent all current and former Plan participants who held the Company stock in their Plan accounts from May 2007 to the present and seek to recover alleged losses these participants supposedly incurred as a result of their investment in Company stock.
This case was originally filed in the U.S. District Court for the Southern District of Florida but was transferred to the U.S. District Court for the Northern District of Georgia, Atlanta Division, (the “District Court”) in November 2008. On October 26, 2009, an amended complaint was filed. On December 9, 2009, defendants filed a motion to dismiss the amended complaint. On October 25, 2010, the District Court granted in part and denied in part defendants' motion to dismiss the amended complaint.
On April 14, 2011, the U.S. Court of Appeals for the Eleventh Circuit (“the Circuit Court”) granted defendants and plaintiffs permission to pursue interlocutory review in separate appeals. The Circuit Court subsequently stayed these appeals pending decision of a separate appeal involving The Home Depot in which substantially similar issues are presented. On May 8, 2012, the Circuit Court decided this appeal in favor of The Home Depot. On March 5, 2013, the Circuit Court issued an order remanding the case to the District Court for further proceedings in light of its decision in The Home Depot case. On September 26, 2013, the District Court granted the defendants' motion to dismiss plaintiffs' claims. Plaintiffs filed an appeal of this decision in the Circuit Court. Subsequent to the filing of this appeal, the U.S. Supreme Court decided Fifth Third Bancorp v. Dudenhoeffer, which held that employee stock ownership plan fiduciaries receive no presumption of prudence with respect to employer stock plans. The Eleventh Circuit remanded the case back to the District Court for further proceedings in light of Dudenhoeffer. On June 18, 2015, the Court entered an order granting in part and denying in part the Company’s motion to dismiss. The discovery process has begun.

Mutual Funds Class Actions
On March 11, 2011, the Company and certain officers, directors, and employees of the Company were named in a putative class action alleging that they breached their fiduciary duties under ERISA by offering certain STI Classic Mutual Funds as investment options in the Plan. The plaintiffs purport to represent all current and former Plan participants who held the STI Classic Mutual Funds in their Plan accounts from April 2002 through December 2010 and seek to recover alleged losses these Plan participants supposedly incurred as a result of their investment in the STI Classic Mutual Funds. This action is pending in the U.S. District Court for the Northern District of Georgia, Atlanta Division (the “District Court”). On June 6, 2011, plaintiffs filed an amended complaint, and, on June 20, 2011, defendants filed a motion to dismiss the amended complaint. On March 12, 2012, the Court granted in part and denied in part the motion to dismiss. The Company filed a subsequent motion to dismiss the remainder of the case on the ground that the Court lacked subject matter jurisdiction over the remaining claims. On October 30, 2012, the Court dismissed all claims in this action. Immediately thereafter, plaintiffs' counsel initiated a substantially similar lawsuit against the Company naming two new plaintiffs and also filed an appeal of the dismissal with the U.S. Court of Appeals for the Eleventh Circuit. SunTrust filed a motion to dismiss in the new action and this motion was granted. On February 26, 2014, the U.S. Court of Appeals for the Eleventh Circuit upheld the District Court's dismissal. On March 18, 2014, the plaintiffs' counsel filed a motion for reconsideration with the Eleventh Circuit. On August 26, 2014, plaintiffs in the original action filed a Motion for Consolidation of Appeals requesting that the Court consider this appeal jointly with the appeal in the second action. This motion was granted on October 9, 2014 and plaintiffs filed their consolidated appeal on December 16, 2014.
On June 27, 2014, the Company and certain current and former officers, directors, and employees of the Company were named in another putative class action alleging breach of fiduciary duties associated with the inclusion of STI Classic Mutual Funds as investment options in the Plan. This case, Brown, et al. v. SunTrust Banks, Inc., et al., was filed in the U.S. District Court for the District of Columbia. On September 3, 2014, the U.S. District Court for the District of Columbia issued an order transferring the case to the U.S. District Court for the Northern District of Georgia. On November 12, 2014, the Court granted plaintiffs’ motion to stay this case until the U.S. Supreme Court issues a decision in Tibble v. Eidson International. On May 18, 2015, the U.S. Supreme Court decided Tibble and held that plan fiduciaries have a duty, separate and apart from investment selection, to monitor and remove imprudent investments. After Tibble, the cases pending on appeal were remanded to the District Court.

Intellectual Ventures II v. SunTrust Banks, Inc. and SunTrust Bank
This action was filed in the U.S. District Court for the Northern District of Georgia on July 24, 2013. Plaintiff alleges that SunTrust violates one or more of several patents held by plaintiff in connection with SunTrust’s provision of online banking services and other systems and services. Plaintiff seeks damages for alleged patent infringement of an unspecified amount, as well as attorney’s fees and expenses. The matter was stayed on October 7, 2014 pending inter partes review of a number of the claims asserted against SunTrust.

Consent Order with the Federal Reserve
On April 13, 2011, SunTrust, SunTrust Bank, and STM entered into a Consent Order with the FRB in which SunTrust, SunTrust Bank, and STM agreed to strengthen oversight of, and improve risk management, internal audit, and compliance programs concerning the residential mortgage loan servicing, loss mitigation, and foreclosure activities of STM. SunTrust continues its engagement with the FRB to demonstrate compliance with its commitments under the Consent Order.
On July 25, 2014, the FRB imposed a $160 million civil money penalty as a result of the FRB’s review of the Company’s residential mortgage loan servicing and foreclosure processing practices that preceded the Consent Order. The Company expects to satisfy the entirety of this assessed penalty by providing consumer relief and certain cash payments as contemplated by the settlement with the U.S. and the States Attorneys' General regarding certain mortgage servicing claims, discussed below at “United States Mortgage Servicing Settlement.”
United States Mortgage Servicing Settlement
In the second quarter of 2014, STM and the U.S., through the DOJ, HUD, and Attorneys General for several states reached a final settlement agreement related to the National Mortgage Servicing Settlement. The settlement agreement became effective on September 30, 2014 when the court entered the Consent Judgment. Pursuant to the settlements, STM made $50 million in cash payments and committed to provide $500 million of consumer relief by the fourth quarter of 2017 and to implement certain mortgage servicing standards. While subject to confirmation by the independent Office of Mortgage Settlement Oversight (“OMSO”) appointed to review and certify compliance with the provisions of the settlement, through September 30, 2015, the Company believes it has substantially fulfilled its consumer relief commitments. STM also implemented all of the prescribed servicing standards within the required timeframes. Compliance with the servicing standards continues to be monitored, tested, and reported quarterly by an internal review group and semi-annually by the OMSO. As a result, the Company does not expect to incur additional costs in satisfying its consumer relief obligations or implementation of the servicing standards associated with the settlement.

DOJ Investigation of GSE Loan Origination Practices
In January 2014, STM received notice from the DOJ of an investigation regarding the origination and underwriting of single family residential mortgage loans sold by STM to Fannie Mae and Freddie Mac. The DOJ and STM have not yet engaged in any material dialogue about how this matter may proceed and no allegations have been raised against STM. STM continues to cooperate with the investigation.

Mortgage Modification Investigation
In the third quarter of 2014, STM resolved claims by the United States Attorney’s Office for the Western District of Virginia and the Office of the Special Inspector General for the Troubled Asset Relief Program relating to STM's administration of HAMP. Pursuant to the settlement, SunTrust paid $46 million, including $20 million to fund housing counseling for homeowners, $10 million in restitution to Fannie Mae and Freddie Mac, and $16 million to the U.S. Treasury, and transferred its minimum consumer remediation obligation of $179 million (which may increase to a maximum of $274 million) to the required deposit account to be controlled by a third party claims administrator. STM continues to cooperate with the government and the claims administrator regarding administration of the consumer remediation payment process, which currently is expected to resolve in early 2016. The Company incurred a $204 million pre-tax charge in the second quarter of 2014 in connection with this matter, which included its estimate of the consumer remediation obligation.
Residential Funding Company, LLC v. SunTrust Mortgage, Inc.
STM has been named as a defendant in a complaint filed December 17, 2013 in the Southern District of New York by Residential Funding Company, LLC ("RFC"), a Chapter 11 debtor-affiliate of GMAC Mortgage, LLC, alleging breaches of representations and warranties made in connection with loan sales and seeking indemnification against losses allegedly suffered by RFC as a result of such alleged breaches. The case was transferred to the United States Bankruptcy Court for the Southern District of New York. The litigation remains active in the Bankruptcy Court and discovery has commenced.

SunTrust Mortgage Reinsurance Class Actions
STM and Twin Rivers Insurance Company ("Twin Rivers") have been named as defendants in two putative class actions alleging that the companies entered into illegal “captive reinsurance” arrangements with private mortgage insurers. More specifically, plaintiffs allege that SunTrust’s selection of private mortgage insurers who agree to reinsure with Twin Rivers certain loans referred to them by SunTrust results in illegal “kickbacks” in the form of the insurance premiums paid to Twin Rivers. Plaintiffs contend that this arrangement violates the Real Estate Settlement Procedures Act (“RESPA”) and results in unjust enrichment to the detriment of borrowers. The first of these cases, Thurmond, Christopher, et al. v. SunTrust Banks, Inc. et al., was filed in February 2011 in the U.S. District Court for the Eastern District of Pennsylvania. This case was stayed by the Court pending the outcome of Edwards v. First American Financial Corporation, a captive reinsurance case that was pending before the U.S. Supreme Court at the time. The second of these cases, Acosta, Lemuel & Maria Ventrella et al. v. SunTrust Bank, SunTrust Mortgage, Inc., et al., was filed in the U.S. District Court for the Central District of California in December 2011. This case was stayed pending a decision in the Edwards case also. In June 2012, the U.S. Supreme Court withdrew its grant of certiorari in Edwards and, as a result, the stays in these cases were lifted. SunTrust has filed a motion to dismiss the Thurmond case which was granted in part and denied in part, allowing limited discovery surrounding the argument that the statute of limitations for certain claims should be equitably tolled. Thurmond has been stayed pending a ruling in a similar case currently before the Third Circuit. The Acosta plaintiffs have voluntarily dismissed their case.

United States Attorney’s Office for the Southern District of New York Foreclosure Expense Investigation
STM has been cooperating with the United States Attorney's Office for the Southern District of New York (the "Southern District") in a broad-based industry investigation regarding claims for foreclosure-related expenses charged by law firms in connection with the foreclosure of loans guaranteed or insured by Fannie Mae, Freddie Mac, or FHA. The investigation relates to a private litigant qui tam lawsuit filed under seal and remains in early stages. The Southern District has not yet advised STM how it will proceed in this matter. The Southern District and STM engaged in dialogue regarding potential resolution of this matter as part of the National Mortgage Servicing Settlement, but were unable to reach agreement.
Business Segment Reporting
Business Segment Reporting
NOTE 16 - BUSINESS SEGMENT REPORTING
The Company measures business activity across three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking, with functional activities included in Corporate Other. The business segments are determined based on the products and services provided or the type of client served, and they reflect the manner in which financial information is evaluated by management. The following is a description of the segments and their composition.
The Consumer Banking and Private Wealth Management segment is made up of two primary businesses: Consumer Banking and Private Wealth Management.
•
Consumer Banking provides services to consumers and branch-managed small business clients through an extensive network of traditional and in-store branches, ATMs, the internet (www.suntrust.com), mobile banking, and telephone (1-800-SUNTRUST). Financial products and services offered to consumers and small business clients include deposits, home equity lines and loans, credit lines, indirect auto, student lending, bank card, other lending products, and various fee-based services. Consumer Banking also serves as an entry point for clients and provides services for other lines of business.
•
PWM provides a full array of wealth management products and professional services to both individual and institutional clients including loans, deposits, brokerage, professional investment management, and trust services to clients seeking active management of their financial resources. Institutional clients are served by the Institutional Investment Solutions business. Discount/online and full-service brokerage products are offered to individual clients through STIS. PWM also includes GenSpring, which provides family office solutions to ultra-high net worth individuals and their families. Utilizing teams of multi-disciplinary specialists with expertise in investments, tax, accounting, estate planning, and other wealth management disciplines, GenSpring helps families manage and sustain wealth across multiple generations.

The Wholesale Banking segment includes the following four businesses:
•
CIB delivers comprehensive capital markets solutions, including advisory, capital raising, and financial risk management, with the goal of serving the needs of both public and private companies in the Wholesale Banking segment and PWM business. Investment Banking and Corporate Banking teams within CIB serve clients across the nation, offering a full suite of traditional banking and investment banking products and services to companies with annual revenues typically greater than $150 million. Investment Banking serves select industry segments including consumer and retail, energy, financial services, healthcare, industrials, media and communications, real estate, and technology. Corporate Banking serves clients across diversified industry sectors based on size, complexity, and frequency of capital markets issuance. Also managed within CIB is the Equipment Finance Group, which provides lease financing solutions (through SunTrust Equipment Finance & Leasing).
•
Commercial & Business Banking offers an array of traditional banking products, including cash management services and investment banking solutions via STRH to commercial clients (generally those with average revenues $1 million to $150 million), not-for-profit organizations, and governmental entities, as well as auto dealer financing (floor plan inventory financing). Also managed within Commercial & Business Banking is the Premium Assignment Corporation, which creates corporate insurance premium financing solutions.
•
Commercial Real Estate provides a full range of financial solutions for commercial real estate developers, owners, and investors, including construction, mini-perm, and permanent real estate financing as well as tailored financing and equity investment solutions via STRH, primarily through the REIT group focused on Real Estate Investment Trusts. The Institutional Real Estate team targets relationships with institutional advisors, private funds, and insurance companies and the Regional team focuses on real estate owners and developers through a regional delivery structure. Commercial Real Estate also offers tailored financing and equity investment solutions for community development and affordable housing projects through STCC, with particular expertise in Low Income Housing Tax Credits and New Market Tax Credits.
•
Treasury & Payment Solutions provides all SunTrust business clients with services required to manage their payments and receipts, combined with the ability to manage and optimize their deposits across all aspects of their business. Treasury & Payment Solutions operates all electronic and paper payment types, including card, wire transfer, ACH, check, and cash. It also provides clients the means to manage their accounts electronically online, both domestically and internationally.
Mortgage Banking offers residential mortgage products nationally through its retail and correspondent channels, as well as via the internet (www.suntrust.com) and by telephone (1-800-SUNTRUST). These products are either sold in the secondary market, primarily with servicing rights retained, or held in the Company’s loan portfolio. Mortgage Banking also services loans for itself and for other investors.
Corporate Other includes management of the Company’s investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. Additionally, it includes Enterprise Information Services, which is the primary information technology and operations group; Corporate Real Estate, Marketing, SunTrust Online, Human Resources, Finance, Corporate Risk Management, Legal and Compliance, Communications, Procurement, and Executive Management. The financial results of RidgeWorth, including the gain on sale, are reflected in the Corporate Other segment for the nine months ended September 30, 2014. Prior to the sale of RidgeWorth in the second quarter of 2014, RidgeWorth's financial performance was reported in the Wholesale Banking segment.
Because the business segment results are presented based on management accounting practices, the transition to the consolidated results, which are prepared under U.S. GAAP, creates certain differences which are reflected in Reconciling Items. Business segment reporting conventions are described below.
•
Net interest income – Net interest income is presented on an FTE basis to make income from tax-exempt assets comparable to other taxable products. The segment results reflect matched maturity funds transfer pricing, which ascribes credits or charges based on the economic value or cost created by the assets and liabilities of each segment. The mismatch between funds credits and funds charges at the segment level resides in Reconciling Items. The change in this mismatch is generally attributable to corporate balance sheet management strategies.
•
Provision/(benefit) for credit losses – Represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to each segment's quarterly change in the ALLL and unfunded commitment reserve balances.
•
Provision/(benefit) for income taxes – Calculated using a blended income tax rate for each segment. This calculation includes the impact of various adjustments, such as the reversal of the FTE gross up on tax-exempt assets, tax adjustments, and credits that are unique to each segment. The difference between the calculated provision/(benefit) for income taxes at the segment level and the consolidated provision/(benefit) for income taxes is reported in Reconciling Items.
The segment’s financial performance is comprised of direct financial results, as well as various allocations that for internal management reporting purposes provide an enhanced view of the segment’s financial performance. The internal allocations include the following:
•
Operational costs – Expenses are charged to the segments based on various statistical volumes multiplied by activity based cost rates. As a result of the activity based costing process, residual expenses are also allocated to the segments. The recoveries for the majority of these costs are reported in Corporate Other.
•
Support and overhead costs – Expenses not directly attributable to a specific segment are allocated based on various drivers (e.g., number of equivalent employees, number of PCs/Laptops, and net revenue). The recoveries for these allocations are reported in Corporate Other.
•
Sales and referral credits – Segments may compensate another segment for referring or selling certain products. The majority of the revenue resides in the segment where the product is ultimately managed.
The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. The implementation of these enhancements to the internal management reporting methodology may materially affect the results disclosed for each segment, with no impact on consolidated results. Whenever significant changes to management reporting methodologies take place, the impact of these changes is quantified and prior period information is reclassified wherever practicable.

 
Three Months Ended September 30, 2015
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$40,206

 

$67,274

 

$25,299

 

$70

 

($12
)
 

$132,837

Average consumer and commercial deposits
91,016

 
51,237

 
2,918

 
84

 
(29
)
 
145,226

Average total assets
45,874

 
80,097

 
29,280

 
29,878

 
3,212

 
188,341

Average total liabilities
91,671

 
56,611

 
3,290

 
13,397

 
(12
)
 
164,957

Average total equity
—

 
—

 
—

 
—

 
23,384

 
23,384

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income:
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$688

 

$447

 

$123

 

$40

 

($87
)
 

$1,211

FTE adjustment
—

 
35

 
—

 
1

 
—

 
36

Net interest income - FTE 1
688

 
482

 
123

 
41

 
(87
)
 
1,247

Provision/(benefit) for credit losses 2
22

 
47

 
(38
)
 
—

 
1

 
32

Net interest income after provision/(benefit) for credit losses - FTE
666

 
435

 
161

 
41

 
(88
)
 
1,215

Total noninterest income
384

 
293

 
109

 
29

 
(4
)
 
811

Total noninterest expense
720

 
388

 
154

 
6

 
(4
)
 
1,264

Income before provision for income taxes - FTE
330

 
340

 
116

 
64

 
(88
)
 
762

Provision for income taxes - FTE 3
123

 
109

 
11

 
22

 
(42
)
 
223

Net income including income attributable to noncontrolling interest
207

 
231

 
105

 
42

 
(46
)
 
539

Net income attributable to noncontrolling interest
—

 
—

 
—

 
2

 
—

 
2

Net income

$207

 

$231

 

$105

 

$40

 

($46
)
 

$537

 
 
 
 
 
 
 
 
 
 
 
 


 
Three Months Ended September 30, 2014
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$41,904

 

$63,542

 

$25,261

 

$46

 

($6
)
 

$130,747

Average consumer and commercial deposits
86,194

 
43,319

 
2,664

 
83

 
(65
)
 
132,195

Average total assets
47,586

 
75,156

 
30,447

 
27,326

 
2,918

 
183,433

Average total liabilities
86,888

 
49,955

 
3,085

 
21,356

 
(42
)
 
161,242

Average total equity
—

 
—

 
—

 
—

 
22,191

 
22,191

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(Loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$666

 

$419

 

$148

 

$70

 

($88
)
 

$1,215

FTE adjustment
—

 
34

 
—

 
1

 
1

 
36

Net interest income - FTE 1
666

 
453

 
148

 
71

 
(87
)
 
1,251

Provision for credit losses 2
40

 
9

 
44

 
—

 
—

 
93

Net interest income after provision for credit losses - FTE
626

 
444

 
104

 
71

 
(87
)
 
1,158

Total noninterest income
399

 
241

 
130

 
14

 
(4
)
 
780

Total noninterest expense
720

 
367

 
166

 
12

 
(6
)
 
1,259

Income before provision/(benefit) for income taxes - FTE
305

 
318

 
68

 
73

 
(85
)
 
679

Provision/(benefit) for income taxes - FTE 3
112

 
94

 
25

 
(108
)
 
(20
)
 
103

Net income including income attributable to noncontrolling interest
193

 
224

 
43

 
181

 
(65
)
 
576

Net income attributable to noncontrolling interest
—

 
—

 
—

 
—

 
—

 
—

Net income

$193

 

$224

 

$43

 

$181

 

($65
)
 

$576

1 Presented on a matched maturity funds transfer price basis for the segments.
2 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
3 Includes regular income tax provision/(benefit) and taxable-equivalent income adjustment reversal.

 
Nine Months Ended September 30, 2015
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$40,556

 

$67,547

 

$24,847

 

$59

 

($9
)
 

$133,000

Average consumer and commercial deposits
90,935

 
49,147

 
2,754

 
85

 
(52
)
 
142,869

Average total assets
46,493

 
80,777

 
28,595

 
29,469

 
3,301

 
188,635

Average total liabilities
91,578

 
54,826

 
3,139

 
15,894

 
(68
)
 
165,369

Average total equity
—

 
—

 
—

 
—

 
23,266

 
23,266

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income:
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,029

 

$1,321

 

$366

 

$103

 

($301
)
 

$3,518

FTE adjustment
—

 
103

 
—

 
2

 
2

 
107

Net interest income - FTE 1
2,029

 
1,424

 
366

 
105

 
(299
)
 
3,625

Provision/(benefit) for credit losses 2
101

 
73

 
(61
)
 
—

 
1

 
114

Net interest income after provision/(benefit) for credit losses - FTE
1,928

 
1,351

 
427

 
105

 
(300
)
 
3,511

Total noninterest income
1,136

 
949

 
346

 
84

 
(12
)
 
2,503

Total noninterest expense
2,167

 
1,189

 
511

 
18

 
(13
)
 
3,872

Income before provision for income taxes - FTE
897

 
1,111

 
262

 
171

 
(299
)
 
2,142

Provision for income taxes - FTE 3
334

 
371

 
45

 
61

 
(125
)
 
686

Net income including income attributable to noncontrolling interest
563

 
740

 
217

 
110

 
(174
)
 
1,456

Net income attributable to noncontrolling interest
—

 
—

 
—

 
7

 
—

 
7

Net income

$563

 

$740

 

$217

 

$103

 

($174
)
 

$1,449

 
 
 
 
 
 
 
 
 
 
 
 

 
Nine Months Ended September 30, 2014
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$41,564

 

$61,297

 

$27,106

 

$50

 

($7
)
 

$130,010

Average consumer and commercial deposits
85,190

 
42,899

 
2,260

 
85

 
(65
)
 
130,369

Average total assets
47,244

 
72,646

 
31,078

 
26,313

 
2,817

 
180,098

Average total liabilities
85,931

 
49,594

 
2,763

 
19,869

 
(31
)
 
158,126

Average total equity
—

 
—

 
—

 
—

 
21,972

 
21,972

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(Loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$1,957

 

$1,220

 

$422

 

$220

 

($190
)
 

$3,629

FTE adjustment
—

 
102

 
—

 
2

 
1

 
105

Net interest income - FTE 1
1,957

 
1,322

 
422

 
222

 
(189
)
 
3,734

Provision for credit losses 2
135

 
39

 
94

 
—

 
—

 
268

Net interest income after provision for credit losses - FTE
1,822

 
1,283

 
328

 
222

 
(189
)
 
3,466

Total noninterest income
1,141

 
828

 
350

 
222

 
(13
)
 
2,528

Total noninterest expense
2,154

 
1,180

 
717

 
95

 
(12
)
 
4,134

Income/(loss) before provision/(benefit) for income taxes - FTE
809

 
931

 
(39
)
 
349

 
(190
)
 
1,860

Provision/(benefit) for income taxes - FTE 3
297

 
296

 
(16
)
 
(41
)
 
(67
)
 
469

Net income/(loss) including income attributable to noncontrolling interest
512

 
635

 
(23
)
 
390

 
(123
)
 
1,391

Net income attributable to noncontrolling interest
—

 
—

 
—

 
11

 
—

 
11

Net income/(loss)

$512

 

$635

 

($23
)
 

$379

 

($123
)
 

$1,380


1 Presented on a matched maturity funds transfer price basis for the segments.
2 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
3 Includes regular income tax provision/(benefit) and taxable-equivalent income adjustment reversal.
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
NOTE 17 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
Components of AOCI, net of tax, were calculated as follows:
(Dollars in millions)
Securities AFS
 
Derivative Instruments
 
Employee Benefit Plans
 
Total
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
Balance, beginning of period

$183

 

$107

 

($584
)
 

($294
)
Net unrealized gains arising during the period
123

 
128

 
—

 
251

Amounts reclassified from AOCI
(4
)
 
(44
)
 
3

 
(45
)
Other comprehensive income, net of tax
119

 
84

 
3

 
206

Balance, end of period

$302

 

$191

 

($581
)
 

($88
)
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
 
 
 
 
 
 
Balance, beginning of period

$206

 

$193

 

($458
)
 

($59
)
Net unrealized losses arising during the period
(43
)
 
(19
)
 
—

 
(62
)
Amounts reclassified from AOCI
6

 
(63
)
 
1

 
(56
)
Other comprehensive (loss)/income, net of tax
(37
)
 
(82
)
 
1

 
(118
)
Balance, end of period

$169

 

$111

 

($457
)
 

($177
)
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
Balance, beginning of period

$298

 

$97

 

($517
)
 

($122
)
Net unrealized gains arising during the period
17

 
212

 
—

 
229

Amounts reclassified from AOCI
(13
)
 
(118
)
 
(64
)
 
(195
)
Other comprehensive income/(loss), net of tax
4

 
94

 
(64
)
 
34

Balance, end of period

$302

 

$191

 

($581
)
 

($88
)
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
Balance, beginning of period

($77
)
 

$279

 

($491
)


($289
)
Net unrealized gains arising during the period
239

 
23

 
—

 
262

Amounts reclassified from AOCI
7

 
(191
)
 
34

 
(150
)
Other comprehensive income/(loss), net of tax
246

 
(168
)
 
34

 
112

Balance, end of period

$169

 

$111

 

($457
)
 

($177
)



Reclassifications from AOCI, and the related tax effects, were as follows:
(Dollars in millions)
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
Affected Line Item in the Statement Where Net Income is Presented
Details About AOCI Components
 
2015
 
2014
 
2015
 
2014
 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
Realized (gains)/losses on securities AFS
 

($7
)
 

$9

 

($21
)
 

$11

 
Net securities gains/(losses)
Tax effect
 
3

 
(3
)
 
8

 
(4
)
 
Provision for income taxes
 
 
(4
)
 
6

 
(13
)
 
7

 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative Instruments:
 
 
 
 
 
 
 
 
 
 
Realized gains on cash flow hedges
 
(70
)
 
(99
)
 
(187
)
 
(302
)
 
Interest and fees on loans
Tax effect
 
26

 
36

 
69

 
111

 
Provision for income taxes
 
 
(44
)
 
(63
)
 
(118
)
 
(191
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee Benefit Plans:
 
 
 
 
 
 
 
 
 
 
Amortization of prior service credit
 
(1
)
 
(2
)
 
(4
)
 
(4
)
 
Employee benefits
Amortization of actuarial loss
 
5

 
4

 
16

 
12

 
Employee benefits
Adjustment to funded status of employee benefit obligation
 
—

 
—

 
(120
)
 
46

 
Other assets/other liabilities
 
 
4

 
2

 
(108
)
 
54

 
 
Tax effect
 
(1
)
 
(1
)
 
44

 
(20
)
 
Provision for income taxes
 
 
3

 
1

 
(64
)
 
34

 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCI
 

($45
)
 

($56
)
 

($195
)


($150
)
 
 
Significant Accounting Policies (Policies)
Accounting Policies Recently Adopted and Pending Accounting Pronouncements
Pending Accounting Pronouncements
The following table provides a brief description of recent accounting pronouncements that could have a material effect on the Company's financial statements:
Standard
Description
Date of Adoption
Effect on the Financial Statements or Other Significant Matters
Standards Not Yet Adopted
 
 
ASU 2014-09, Revenue from Contracts with Customers
The ASU supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU may be adopted either retrospectively or on a modified retrospective basis to new contracts and existing contracts with remaining performance obligations as of the effective date.
January 1, 2018

(early adoption permitted beginning January 1, 2017)
The Company is continuing to evaluate the alternative methods of adoption and the anticipated effects on the financial statements and related disclosures.

ASU 2015-02, Amendments to the Consolidation Analysis
The ASU rescinds the indefinite deferral of previous amendments to ASC Topic 810 for certain entities and amends components of the consolidation analysis under ASC Topic 810, including evaluating limited partnerships and similar legal entities, evaluating fees paid to a decision maker or service provider as a variable interest, the effects of fee arrangements and/or related parties on the primary beneficiary determination and investment fund specific matters. The ASU may be adopted either retrospectively or on a modified retrospective basis.
January 1, 2016
The Company will adopt this ASU on a modified retrospective basis. The Company is continuing to evaluate the impact of this ASU on the financial statements and related disclosures; however, adoption is not expected to materially impact the Company's financial position, results of operations, or EPS.
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell (Tables)
Schedule of Resale Agreements [Table Text Block] 
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Fed funds sold

$55

 

$38

Securities borrowed
221

 
290

Securities purchased under agreements to resell
829

 
832

Total Fed funds sold and securities borrowed or purchased under agreements to resell

$1,105

 

$1,160

Securities sold under agreements to repurchase remaining contractual maturity [Table Text Block] 
 
September 30, 2015
 
December 31, 2014
(Dollars in millions)
Overnight and Continuous
 
Overnight and Continuous
 
Up to 30 days
 
Total
U.S. Treasury securities

$84

 

$376

 

$—

 

$376

Federal agency securities
223

 
231

 
—

 
231

MBS - agency
868

 
1,059

 
45

 
1,104

CP
37

 
238

 
—

 
238

Corporate and other debt securities
324

 
327

 
—

 
327

Total securities sold under agreements to repurchase

$1,536

 

$2,231

 

$45

 

$2,276

Netting of Financial Instruments - Repurchase Agreements [Table Text Block] 
(Dollars in millions)
Gross
Amount
 
Amount
Offset
 
Net Amount
Presented in
Consolidated
Balance Sheets
 
Held/Pledged Financial
Instruments
 
Net
Amount
September 30, 2015
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell

$1,050

 

$—

 

$1,050

1 

$1,043

 

$7

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
1,536

 
—

 
1,536

 
1,536

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell

$1,122

 

$—

 

$1,122

1 

$1,112

 

$10

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
2,276

 
—

 
2,276

 
2,276

 
—


1 Excludes $55 million and $38 million of Fed funds sold, which are not subject to a master netting agreement at September 30, 2015 and December 31, 2014, respectively.
Trading Assets and Liabilities and Derivatives(Tables)
Trading Securities (and Certain Trading Assets) [Table Text Block] 
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Trading Assets and Derivative Instruments:
 
 
 
U.S. Treasury securities

$443

 

$267

Federal agency securities
532

 
547

U.S. states and political subdivisions
40

 
42

MBS - agency
565

 
545

CLO securities
2

 
3

Corporate and other debt securities
390

 
509

CP
312

 
327

Equity securities
65

 
45

Derivative instruments 1
1,449

 
1,307

Trading loans 2
2,739

 
2,610

Total trading assets and derivative instruments

$6,537

 

$6,202

 
 
 
 
Trading Liabilities and Derivative Instruments:
 
 
 
U.S. Treasury securities

$584

 

$485

MBS - agency
4

 
1

Corporate and other debt securities
177

 
279

Derivative instruments 1
565

 
462

Total trading liabilities and derivative instruments

$1,330

 

$1,227

1 Amounts include the impact of offsetting cash collateral received from and paid to the same derivative counterparties and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.
2 Includes loans related to TRS.
Trading Assets and Liabilities and Derivatives [Text Block] 
NOTE 3 - TRADING ASSETS AND LIABILITIES AND DERIVATIVE INSTRUMENTS

The fair values of the components of trading assets and liabilities and derivative instruments were as follows:
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Trading Assets and Derivative Instruments:
 
 
 
U.S. Treasury securities

$443

 

$267

Federal agency securities
532

 
547

U.S. states and political subdivisions
40

 
42

MBS - agency
565

 
545

CLO securities
2

 
3

Corporate and other debt securities
390

 
509

CP
312

 
327

Equity securities
65

 
45

Derivative instruments 1
1,449

 
1,307

Trading loans 2
2,739

 
2,610

Total trading assets and derivative instruments

$6,537

 

$6,202

 
 
 
 
Trading Liabilities and Derivative Instruments:
 
 
 
U.S. Treasury securities

$584

 

$485

MBS - agency
4

 
1

Corporate and other debt securities
177

 
279

Derivative instruments 1
565

 
462

Total trading liabilities and derivative instruments

$1,330

 

$1,227

1 Amounts include the impact of offsetting cash collateral received from and paid to the same derivative counterparties and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.
2 Includes loans related to TRS.

Various trading products and derivative instruments are used as part of the Company’s overall balance sheet management strategies and to support client requirements executed through the Bank and/or its broker/dealer subsidiary. The Company manages the potential market volatility associated with trading instruments with appropriate risk management strategies. The size, volume, and nature of the trading products and derivative instruments can vary based on economic conditions as well as client-specific and Company-specific asset or liability positions. Product offerings to clients include debt securities, loans traded in the secondary market, equity securities, derivative contracts, and other similar financial instruments. Other trading-related activities include acting as a market maker for certain debt and equity security transactions and derivative instrument transactions. The Company also uses derivatives to manage its interest rate and market risk from non-trading activities. The Company has policies and procedures to manage market risk associated with client trading and non-trading activities, and assumes a limited degree of market risk by managing the size and nature of its exposure.
The Company has pledged $857 million and $1.1 billion of trading securities to secure $825 million and $1.1 billion of repurchase agreements at September 30, 2015 and December 31, 2014, respectively. Additionally, the Company has pledged $298 million and $202 million of trading securities to secure certain derivative agreements at September 30, 2015 and December 31, 2014, respectively, and has pledged $40 million of trading securities under other arrangements at both September 30, 2015 and December 31, 2014.
Securities Available for Sale (Tables)
Securities Portfolio Composition 
 
September 30, 2015
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$3,020

 

$45

 

$—

 

$3,065

Federal agency securities
408

 
13

 
1

 
420

U.S. states and political subdivisions
167

 
7

 
—

 
174

MBS - agency
22,452

 
511

 
58

 
22,905

MBS - private
100

 
2

 
—

 
102

ABS
13

 
2

 
—

 
15

Corporate and other debt securities
36

 
2

 
—

 
38

Other equity securities 1
551

 
1

 
1

 
551

Total securities AFS

$26,747

 

$583

 

$60

 

$27,270

 
 
 
 
 
 
 
 
 
December 31, 2014
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$1,913

 

$9

 

$1

 

$1,921

Federal agency securities
471

 
15

 
2

 
484

U.S. states and political subdivisions
200

 
9

 
—

 
209

MBS - agency
22,573

 
558

 
83

 
23,048

MBS - private
122

 
2

 
1

 
123

ABS
19

 
2

 
—

 
21

Corporate and other debt securities
38

 
3

 
—

 
41

Other equity securities 1
921

 
2

 
—

 
923

Total securities AFS

$26,257

 

$600

 

$87

 

$26,770

1 At September 30, 2015, the fair value of other equity securities was comprised of the following: $32 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $111 million of mutual fund investments, and $6 million of other. At December 31, 2014, the fair value of other equity securities was comprised of the following: $376 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $138 million of mutual fund investments, and $7 million of other.
Investment Income [Table Text Block] 
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Taxable interest

$143

 

$142

 

$397

 

$421

Tax-exempt interest
2

 
2

 
5

 
8

Dividends
8

 
9

 
28

 
27

Total interest and dividends

$153

 

$153

 

$430

 

$456

Amortized Cost and Fair Value of Investments in Debt Securities by Estimated Average Life 
 
Distribution of Maturities
(Dollars in millions)
1 Year
or Less
 
1-5
Years
 
5-10
Years
 
After 10
Years
 
Total
Amortized Cost:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$25

 

$921

 

$2,074

 

$—

 

$3,020

Federal agency securities
159

 
109

 
14

 
126

 
408

U.S. states and political subdivisions
38

 
13

 
101

 
15

 
167

MBS - agency
2,462

 
11,098

 
3,756

 
5,136

 
22,452

MBS - private
3

 
89

 
8

 
—

 
100

ABS
—

 
12

 
1

 
—

 
13

Corporate and other debt securities
—

 
36

 
—

 
—

 
36

Total debt securities AFS

$2,687

 

$12,278

 

$5,954

 

$5,277

 

$26,196

 
 
 
 
 
 
 
 
 
 
Fair Value:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$25

 

$931

 

$2,109

 

$—

 

$3,065

Federal agency securities
163

 
116

 
14

 
127

 
420

U.S. states and political subdivisions
39

 
13

 
106

 
16

 
174

MBS - agency
2,605

 
11,391

 
3,772

 
5,137

 
22,905

MBS - private
3

 
91

 
8

 
—

 
102

ABS
—

 
13

 
2

 
—

 
15

Corporate and other debt securities
—

 
38

 
—

 
—

 
38

Total debt securities AFS

$2,835

 

$12,593

 

$6,011

 

$5,280

 

$26,719

 Weighted average yield 1
2.35
%
 
2.41
%
 
2.57
%
 
2.80
%
 
2.52
%
1 Weighted average yields are based on amortized cost and presented on an FTE basis.
Securities in a Continuous Unrealized Loss Position 
 
September 30, 2015
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
Value
 
Unrealized
Losses 2
 
Fair
Value
 
Unrealized
Losses 2
 
Fair
Value
 
Unrealized
Losses 2
Temporarily impaired securities AFS:
 
 
 
 
 
 
 
 
 
 
 
Federal agency securities

$33

 

$—

 

$35

 

$1

 

$68

 

$1

MBS - agency
3,996

 
35

 
982

 
23

 
4,978

 
58

ABS
—

 
—

 
9

 
—

 
9

 
—

Other equity securities
4

 
1

 
—

 
—

 
4

 
1

Total temporarily impaired securities AFS
4,033

 
36


1,026


24


5,059


60

OTTI securities AFS 1:
 
 
 
 
 
 
 
 
 
 
 
Total OTTI securities AFS
—

 
—

 
—

 
—

 
—

 
—

Total impaired securities AFS

$4,033

 

$36

 

$1,026

 

$24

 

$5,059

 

$60


 
December 31, 2014
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
Value
 
Unrealized
 Losses 2
 
Fair
Value
 
Unrealized
Losses 2
 
Fair
Value
 
Unrealized
 Losses 2
Temporarily impaired securities AFS:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$150

 

$1

 

$—

 

$—

 

$150

 

$1

Federal agency securities
20

 
—

 
132

 
2

 
152

 
2

MBS - agency
2,347

 
6

 
4,911

 
77

 
7,258

 
83

ABS
—

 
—

 
14

 
—

 
14

 
—

Total temporarily impaired securities AFS
2,517

 
7

 
5,057

 
79

 
7,574

 
86

OTTI securities AFS 1:
 
 
 
 
 
 
 
 
 
 
 
MBS - private
69

 
1

 
—

 
—

 
69

 
1

Total OTTI securities AFS
69

 
1

 
—

 
—

 
69

 
1

Total impaired securities AFS

$2,586

 

$8

 

$5,057

 

$79

 

$7,643

 

$87

1 Includes OTTI securities AFS for which credit losses have been recorded in earnings in current or prior periods.
2 Unrealized losses less than $0.5 million are presented as zero within the table.
Loans (Tables)
Concentration Risk, Credit Risk, Loan Products 
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Interest only mortgages with MI or
with combined original LTV ≤ 80% 1

$1,892

 

$3,180

Interest only mortgages with no MI
and with combined original LTV > 80% 1
620

 
873

Total interest only mortgages 1
2,512

 
4,053

Amortizing mortgages with combined original LTV > 80% and/or second liens 2
8,154

 
7,368

Total mortgages with potential concentration of credit risk

$10,666

 

$11,421

1 Comprised of first and/or second liens, primarily with an initial 10 year interest only period.
2 Comprised of loans with no MI.
Composition of Loan Portfolio 
(Dollars in millions)
September 30,
2015
 
December 31, 2014
Commercial loans:
 
 
 
C&I

$65,371

 

$65,440

CRE
6,168

 
6,741

Commercial construction
1,763

 
1,211

Total commercial loans
73,302

 
73,392

Residential loans:
 
 
 
Residential mortgages - guaranteed
627

 
632

Residential mortgages - nonguaranteed 1
24,351

 
23,443

Home equity products
13,416

 
14,264

Residential construction
394

 
436

Total residential loans
38,788

 
38,775

Consumer loans:
 
 
 
Guaranteed student
4,588

 
4,827

Other direct
5,771

 
4,573

Indirect
10,119

 
10,644

Credit cards
992

 
901

Total consumer loans
21,470

 
20,945

LHFI

$133,560

 

$133,112

LHFS 2

$2,032

 

$3,232

1 Includes $262 million and $272 million of LHFI measured at fair value at September 30, 2015 and December 31, 2014, respectively.
2 Includes $1.9 billion of LHFS measured at fair value at both September 30, 2015 and December 31, 2014.
LHFI by Credit Quality Indicator 
 
Commercial Loans
 
C&I
 
CRE
 
Commercial Construction
(Dollars in millions)
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
Pass

$63,826

 

$64,228

 

$6,033

 

$6,586

 

$1,739

 

$1,196

Criticized accruing
1,423

 
1,061

 
120

 
134

 
23

 
14

Criticized nonaccruing
122

 
151

 
15

 
21

 
1

 
1

Total

$65,371

 

$65,440

 

$6,168

 

$6,741

 

$1,763

 

$1,211


 
Residential Loans 1
 
Residential Mortgages -
Nonguaranteed
 
Home Equity Products
 
Residential Construction
(Dollars in millions)
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$19,936

 

$18,780

 

$10,897

 

$11,475

 

$321

 

$347

620 - 699
3,330

 
3,369

 
1,827

 
1,991

 
59

 
70

Below 620 2
1,085

 
1,294

 
692

 
798

 
14

 
19

Total

$24,351

 

$23,443

 

$13,416

 

$14,264

 

$394

 

$436


 
Consumer Loans 3
 
Other Direct
 
Indirect
 
Credit Cards
(Dollars in millions)
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$5,180

 

$4,023

 

$7,053

 

$7,661

 

$690

 

$639

620 - 699
536

 
476

 
2,426

 
2,335

 
245

 
212

Below 620 2
55

 
74

 
640

 
648

 
57

 
50

Total

$5,771

 

$4,573

 

$10,119

 

$10,644

 

$992

 

$901


1 Excludes $627 million and $632 million of guaranteed residential loans at September 30, 2015 and December 31, 2014, respectively.
2 For substantially all loans with refreshed FICO scores below 620, the borrower’s FICO score at the time of origination exceeded 620 but has since deteriorated as the loan has seasoned.
3 Excludes $4.6 billion and $4.8 billion of guaranteed student loans at September 30, 2015 and December 31, 2014, respectively.
Payment Status for the LHFI Portfolio 
 
September 30, 2015
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$65,148

 

$89

 

$12

 

$122

 

$65,371

CRE
6,150

 
2

 
1

 
15

 
6,168

Commercial construction
1,762

 
—

 
—

 
1

 
1,763

Total commercial loans
73,060

 
91

 
13

 
138

 
73,302

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
200

 
51

 
376

 
—

 
627

Residential mortgages - nonguaranteed 1
24,081

 
105

 
9

 
156

 
24,351

Home equity products
13,189

 
81

 
—

 
146

 
13,416

Residential construction
375

 
3

 
—

 
16

 
394

Total residential loans
37,845

 
240

 
385

 
318

 
38,788

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student
3,724

 
367

 
497

 
—

 
4,588

Other direct
5,742

 
22

 
3

 
4

 
5,771

Indirect
10,032

 
83

 
1

 
3

 
10,119

Credit cards
978

 
8

 
6

 
—

 
992

Total consumer loans
20,476

 
480

 
507

 
7

 
21,470

Total LHFI

$131,381

 

$811

 

$905

 

$463

 

$133,560

1 Includes $262 million of loans measured at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $278 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans which are classified as nonaccrual when the first lien loan is nonperforming. 


 
December 31, 2014
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$65,246

 

$36

 

$7

 

$151

 

$65,440

CRE
6,716

 
3

 
1

 
21

 
6,741

Commercial construction
1,209

 
1

 
—

 
1

 
1,211

Total commercial loans
73,171

 
40

 
8

 
173

 
73,392

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
176

 
34

 
422

 
—

 
632

Residential mortgages - nonguaranteed 1
23,067

 
108

 
14

 
254

 
23,443

Home equity products
13,989

 
101

 
—

 
174

 
14,264

Residential construction
402

 
7

 
—

 
27

 
436

Total residential loans
37,634

 
250

 
436

 
455

 
38,775

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student
3,801

 
425

 
601

 
—

 
4,827

Other direct
4,545

 
19

 
3

 
6

 
4,573

Indirect
10,537

 
104

 
3

 
—

 
10,644

Credit cards
887

 
8

 
6

 
—

 
901

Total consumer loans
19,770

 
556

 
613

 
6

 
20,945

Total LHFI

$130,575

 

$846

 

$1,057

 

$634

 

$133,112

1 Includes $272 million of loans measured at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $388 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans which are classified as nonaccrual when the first lien loan is nonperforming.

LHFI Considered Impaired 
 
September 30, 2015
 
December 31, 2014
(Dollars in millions)
Unpaid
Principal
Balance
 
Amortized
 Cost 1
 
Related
Allowance
 
Unpaid
Principal
Balance
 
Amortized
 Cost 1
 
Related
Allowance
Impaired loans with no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I

$59

 

$49

 

$—

 

$70

 

$51

 

$—

CRE
11

 
9

 
—

 
12

 
11

 
—

Total commercial loans
70

 
58

 
—

 
82

 
62

 
—

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
431

 
326

 
—

 
592

 
425

 
—

Residential construction
24

 
9

 
—

 
31

 
9

 
—

Total residential loans
455

 
335

 
—

 
623

 
434

 
—

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I
14

 
12

 
7

 
27

 
26

 
7

CRE
—

 
—

 
—

 
4

 
4

 
4

Total commercial loans
14

 
12

 
7

 
31

 
30

 
11

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
1,451

 
1,395

 
181

 
1,381

 
1,354

 
215

Home equity products
709

 
637

 
60

 
703

 
630

 
66

Residential construction
128

 
124

 
14

 
145

 
145

 
19

Total residential loans
2,288

 
2,156

 
255

 
2,229

 
2,129

 
300

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
Other direct
11

 
11

 
1

 
13

 
13

 
1

Indirect
113

 
112

 
5

 
105

 
105

 
5

Credit cards
24

 
6

 
1

 
25

 
8

 
2

Total consumer loans
148

 
129

 
7

 
143

 
126

 
8

Total impaired loans

$2,975

 

$2,690

 

$269

 

$3,108

 

$2,781

 

$319

1 Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce the net book balance.



Included in the impaired loan balances above at both September 30, 2015 and December 31, 2014 were $2.5 billion of accruing TDRs at amortized cost, of which 97% and 96% were current, respectively. See Note 1, “Significant Accounting Policies,” to the Company's 2014 Annual Report on Form 10-K for further information regarding the Company’s loan impairment policy.



 
Three Months Ended September 30
 
Nine Months Ended September 30
 
2015
 
2014
 
2015
 
2014
(Dollars in millions)
Average
Amortized
Cost
 
Interest
Income
Recognized1
 
Average
Amortized
Cost
 
Interest
Income
Recognized1
 
Average
Amortized
Cost
 
Interest
Income
Recognized1
 
Average
Amortized
Cost
 
Interest
Income
Recognized1
Impaired loans with no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I

$51

 

$—

 

$65

 

$—

 

$53

 

$1

 

$68

 

$1

CRE
9

 
—

 
15

 
—

 
10

 
—

 
16

 
—

Total commercial loans
60

 
—

 
80

 
—

 
63

 
1

 
84

 
1

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
330

 
4

 
454

 
5

 
335

 
11

 
467

 
14

Residential construction
9

 
—

 
14

 
—

 
11

 
—

 
15

 
—

Total residential loans
339

 
4

 
468

 
5

 
346

 
11

 
482

 
14

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C&I
20

 
—

 
45

 
—

 
23

 
1

 
46

 
1

CRE
—

 
—

 
10

 
—

 
—

 
—

 
9

 
—

Total commercial loans
20

 
—

 
55

 
—

 
23

 
1

 
55

 
1

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
1,393

 
17

 
1,467

 
18

 
1,396

 
52

 
1,443

 
59

Home equity products
640

 
7

 
668

 
7

 
646

 
21

 
662

 
20

Residential construction
124

 
2

 
164

 
2

 
125

 
6

 
162

 
6

Total residential loans
2,157

 
26

 
2,299

 
27

 
2,167

 
79

 
2,267

 
85

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other direct
12

 
—

 
14

 
—

 
12

 
—

 
14

 
—

Indirect
114

 
1

 
116

 
1

 
119

 
4

 
110

 
4

Credit cards
6

 
—

 
10

 
—

 
7

 
—

 
11

 
1

Total consumer loans
132

 
1

 
140

 
1

 
138

 
4

 
135

 
5

Total impaired loans

$2,708

 

$31

 

$3,042

 

$33

 

$2,737

 

$96

 

$3,023

 

$106

1 Of the interest income recognized during the three and nine months ended September 30, 2015, cash basis interest income was $1 million and $3 million, respectively.
Of the interest income recognized during the three and nine months ended September 30, 2014, cash basis interest income was less than $1 million and $2 million, respectively.
Nonperforming Assets 
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Nonaccrual/NPLs:
 
 
 
Commercial loans:
 
 
 
C&I

$122

 

$151

CRE
15

 
21

Commercial construction
1

 
1

Residential loans:
 
 
 
Residential mortgages - nonguaranteed
156

 
254

Home equity products
146

 
174

Residential construction
16

 
27

Consumer loans:
 
 
 
Other direct
4

 
6

Indirect
3

 
—

Total nonaccrual/NPLs 1
463

 
634

OREO 2
62

 
99

Other repossessed assets
7

 
9

Nonperforming LHFS
—

 
38

Total NPAs

$532

 

$780

1 Nonaccruing restructured loans are included in total nonaccrual/NPLs.
2 Does not include foreclosed real estate related to loans insured by the FHA or the VA. Proceeds due from the FHA and the VA are recorded as a receivable in other assets in the Consolidated Balance Sheets until the funds are received and the property is conveyed. The receivable amount related to proceeds due from the FHA or the VA totaled $50 million and $57 million at September 30, 2015 and December 31, 2014, respectively.



Troubled Debt Restructurings on Financing Receivables [Table Text Block] 
 
Three Months Ended September 30, 2015 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
18
 

$—

 

$—

 

$—

 

$—

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
175
 
3

 
32

 
10

 
45

Home equity products
419
 
—

 
7

 
21

 
28

Residential construction
6
 
—

 
—

 
—

 
—

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
10
 
—

 
—

 
—

 
—

Indirect
611
 
—

 
—

 
13

 
13

Credit cards
157
 
—

 
1

 
—

 
1

Total TDRs
1,396
 

$3

 

$40

 

$44

 

$87


 
Nine Months Ended September 30, 2015 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
63
 

$—

 

$1

 

$5

 

$6

CRE
1
 
—

 
—

 
—

 
—

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
632
 
10

 
95

 
20

 
125

Home equity products
1,386
 
—

 
20

 
62

 
82

Residential construction
17
 
—

 
—

 
—

 
—

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
47
 
—

 
—

 
1

 
1

Indirect
1,999
 
—

 
—

 
39

 
39

Credit cards
529
 
—

 
2

 
—

 
2

Total TDRs
4,674
 

$10

 

$118

 

$127

 

$255

1 Includes loans modified under the terms of a TDR that were charged-off during the period.
2 Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during both the three and nine months ended September 30, 2015 was immaterial.


 
Three Months Ended September 30, 2014 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
23
 

$—

 

$—

 

$8

 

$8

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
266
 
2

 
26

 
8

 
36

Home equity products
503
 
—

 
1

 
22

 
23

Residential construction
1
 
—

 
—

 
—

 
—

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
21
 
—

 
—

 
—

 
—

Indirect
638
 
—

 
—

 
12

 
12

Credit cards
123
 
—

 
1

 
—

 
1

Total TDRs
1,575
 

$2

 

$28

 

$50

 

$80


 
Nine Months Ended September 30, 2014 1
(Dollars in millions)
Number of Loans Modified
 
Principal
Forgiveness 2
 
Rate Modification
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
66
 

$—

 

$—

 

$22

 

$22

CRE
4
 
3

 
—

 
3

 
6

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
944
 
8

 
105

 
38

 
151

Home equity products
1,407
 
—

 
6

 
59

 
65

Residential construction
11
 
—

 
1

 
—

 
1

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
59
 
—

 
—

 
1

 
1

Indirect
2,189
 
—

 
—

 
43

 
43

Credit cards
350
 
—

 
2

 
—

 
2

Total TDRs
5,030
 

$11

 

$114

 

$166

 

$291

1 Includes loans modified under the terms of a TDR that were charged-off during the period.
2 Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during both the three and nine months ended September 30, 2014 was immaterial.

TroubledDebtRestructuingDefault [Table Text Block] 
For the three and nine months ended September 30, 2015, the table below represents defaults on loans that were first modified between the periods January 1, 2014 and September 30, 2015 that became 90 days or more delinquent or were charged-off during the period.
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
(Dollars in millions)
Number of Loans
 
Amortized Cost
 
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
 
 
 
 
C&I
13

 

$—

 
25

 

$1

Residential loans:
 
 
 
 
 
 
 
Residential mortgages
25

 
3

 
80

 
12

Home equity products
33

 
2

 
95

 
4

Consumer loans:
 
 
 
 
 
 
 
Other direct
2

 
—

 
3

 
—

Indirect
47

 
—

 
118

 
1

Credit cards
22

 
—

 
45

 
—

Total TDRs
142

 

$5

 
366

 

$18



For the three and nine months ended September 30, 2014, the table below represents defaults on loans that were first modified between the periods January 1, 2013 and September 30, 2014 that became 90 days or more delinquent or were charged-off during the period.
 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2014
(Dollars in millions)
Number of Loans
 
Amortized Cost
 
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
 
 
 
 
C&I
30
 

$3

 
77
 

$8

Residential loans:
 
 
 
 
 
 
 
Residential mortgages
46
 
6

 
135
 
16

Home equity products
28
 
1

 
75
 
4

Residential construction
—

 
—

 
6
 
—

Consumer loans:
 
 
 
 
 
 
 
Other direct
3

 
—

 
8
 
—

Indirect
45
 
—

 
134
 
1

Credit cards
60
 
—

 
143
 
1

Total TDRs
212

 

$10

 
578
 

$30


Allowance for Credit Losses (Tables)
Activity in the Allowance for Credit Losses 
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Balance, beginning of period

$1,886

 

$2,046

 

$1,991

 

$2,094

Provision for loan losses
23

 
93

 
107

 
275

Provision/(benefit) for unfunded commitments
9

 
—

 
7

 
(7
)
Loan charge-offs
(102
)
 
(164
)
 
(356
)
 
(473
)
Loan recoveries
31

 
36

 
98

 
122

Balance, end of period

$1,847

 

$2,011

 

$1,847

 

$2,011

 
 
 
 
 
 
 
 
Components:
 
 
 
 
 
 
 
ALLL
 
 
 
 

$1,786

 

$1,968

Unfunded commitments reserve 1
 
 
 
 
61

 
43

Allowance for credit losses
 
 
 
 

$1,847

 

$2,011

1 The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.
Activity in the ALLL by Segment 
 
Three Months Ended September 30, 2015
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$993

 

$676

 

$165

 

$1,834

Provision/(benefit) for loan losses
33

 
(39
)
 
29

 
23

Loan charge-offs
(23
)
 
(47
)
 
(32
)
 
(102
)
Loan recoveries
10

 
11

 
10

 
31

Balance, end of period

$1,013

 

$601

 

$172

 

$1,786

 
 
 
 
 

 

 
Three Months Ended September 30, 2014
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$958

 

$875

 

$170

 

$2,003

Provision for loan losses
25

 
34

 
34

 
93

Loan charge-offs
(26
)
 
(104
)
 
(34
)
 
(164
)
Loan recoveries
14

 
12

 
10

 
36

Balance, end of period

$971

 

$817

 

$180

 

$1,968

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$986

 

$777

 

$174

 

$1,937

Provision/(benefit) for loan losses
74

 
(30
)
 
63

 
107

Loan charge-offs
(82
)
 
(177
)
 
(97
)
 
(356
)
Loan recoveries
35

 
31

 
32

 
98

Balance, end of period

$1,013

 

$601

 

$172

 

$1,786

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance, beginning of period

$946

 

$930

 

$168

 

$2,044

Provision for loan losses
82

 
114

 
79

 
275

Loan charge-offs
(97
)
 
(279
)
 
(97
)
 
(473
)
Loan recoveries
40

 
52

 
30

 
122

Balance, end of period

$971

 

$817

 

$180

 

$1,968

Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses 
 
September 30, 2015
 
Commercial
 
Residential
 
Consumer
 
Total
(Dollars in millions)
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
Individually evaluated

$70

 

$7

 

$2,491

 

$255

 

$129

 

$7

 

$2,690

 

$269

Collectively evaluated
73,232

 
1,006

 
36,035

 
346

 
21,341

 
165

 
130,608

 
1,517

Total evaluated
73,302

 
1,013

 
38,526

 
601

 
21,470

 
172

 
133,298

 
1,786

LHFI at fair value
—

 
—

 
262

 
—

 
—

 
—

 
262

 
—

Total LHFI

$73,302

 

$1,013

 

$38,788

 

$601

 

$21,470

 

$172

 

$133,560

 

$1,786


 
December 31, 2014
 
Commercial
 
Residential
 
Consumer
 
Total
(Dollars in millions)
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
 
Carrying
Value
 
Associated
ALLL
Individually evaluated

$92

 

$11

 

$2,563

 

$300

 

$126

 

$8

 

$2,781

 

$319

Collectively evaluated
73,300

 
975

 
35,940

 
477

 
20,819

 
166

 
130,059

 
1,618

Total evaluated
73,392

 
986

 
38,503

 
777

 
20,945

 
174

 
132,840

 
1,937

LHFI at fair value
—

 
—

 
272

 
—

 
—

 
—

 
272

 
—

Total LHFI

$73,392

 

$986

 

$38,775

 

$777

 

$20,945

 

$174

 

$133,112

 

$1,937

Goodwill and Other Intangible Assets (Tables)
Schedule of Goodwill [Table Text Block] 
(Dollars in millions)
Consumer Banking and Private Wealth Management
 
Wholesale Banking
 
Total
Balance, January 1, 2014

$4,262

 

$2,107

 

$6,369

Acquisition of Lantana Oil and Gas Partners, Inc.
—

 
8

 
8

Sale of RidgeWorth
—

 
(40
)
 
(40
)
Balance, September 30, 2014

$4,262

 

$2,075

 

$6,337

Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block] 
(Dollars in millions)
 MSRs -
Fair Value
 
Other
 
Total
Balance, January 1, 2015

$1,206

 

$13

 

$1,219

Amortization 1
—

 
(6
)
 
(6
)
Servicing rights originated
185

 
13

 
198

Servicing rights purchased
109

 
—

 
109

Changes in fair value:
 
 
 
 

Due to changes in inputs and assumptions 2
(74
)
 
—

 
(74
)
Other changes in fair value 3
(161
)
 
—

 
(161
)
Servicing rights sold
(3
)
 
—

 
(3
)
Balance, September 30, 2015

$1,262

 

$20

 

$1,282

 
 
 
 
 
 
Balance, January 1, 2014

$1,300

 

$34

 

$1,334

Amortization 1
—

 
(10
)
 
(10
)
Servicing rights originated
137

 
—

 
137

Servicing rights purchased
109

 
—

 
109

Changes in fair value:
 
 
 
 


Due to changes in inputs and assumptions 2
(117
)
 
—

 
(117
)
Other changes in fair value 3
(123
)
 
—

 
(123
)
Servicing rights sold
(1
)
 
—

 
(1
)
Sale of RidgeWorth
—

 
(9
)
 
(9
)
Balance, September 30, 2014

$1,305

 

$15

 

$1,320

1 Does not include amortization of tax credits for non-qualified community development investments. See Note 8, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.
2 Primarily reflects changes in option adjusted spreads and prepayment speed assumptions, due to changes in interest rates.
3 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.
Key Characteristics, Inputs, and Economic Assumptions Used to Estimate the Fair Value of the Company's MSRs 
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Fair value of MSRs

$1,262

 

$1,206

Prepayment rate assumption (annual)
11
%
 
11
%
Decline in fair value from 10% adverse change

$51

 

$46

Decline in fair value from 20% adverse change
98

 
88

Option adjusted spread (annual)
8
%
 
10
%
Decline in fair value from 10% adverse change

$55

 

$55

Decline in fair value from 20% adverse change
105

 
105

Weighted-average life (in years)
6.4

 
6.4

Weighted-average coupon
4.1
%
 
4.2
%
Certain Transfers of Financial Assets and Variable Interest Entities (Tables)
Portfolio Balances and Delinquency Balances Based on 90 Days or More Past Due and Net Charge-offs Related to Managed Portfolio Loans
 
Portfolio Balance 1
 
Past Due and Nonaccrual 2
 
Net Charge-offs
 
September 30, 2015
 
December 31, 2014
 
September 30, 2015
 
December 31, 2014
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
 
2015
 
2014
 
2015
 
2014
Portfolio LHFI by type:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial

$73,302

 

$73,392

 

$151

 

$181

 

$13

 

$12

 

$47

 

$57

Residential
38,788

 
38,775

 
703

 
891

 
36

 
92

 
146

 
227

Consumer
21,470

 
20,945

 
514

 
619

 
22

 
24

 
65

 
67

Total portfolio LHFI
133,560

 
133,112

 
1,368

 
1,691

 
71

 
128

 
258

 
351

Managed securitized loans by type:
 
 
 
 
 
 
 
 
 
 
 
 
Residential
117,774

 
110,591

 
135

3 
183

3 
4

 
6

 
10

 
13

Consumer
889

 
—

 
1

 
—

 
1

 
—

 
1

 
—

Total managed securitized loans
118,663

 
110,591

 
136

 
183

 
5

 
6

 
11

 
13

Managed unsecuritized loans
4,238

 
4,943

 
587

 
705

 
—

 
—

 
—

 
—

Total managed loans

$256,461

 

$248,646

 

$2,091

 

$2,579

 

$76

 

$134

 

$269

 

$364


1 Excludes $2.0 billion and $3.2 billion of LHFS at September 30, 2015 and December 31, 2014, respectively.
2 Excludes $1 million and $39 million of past due LHFS at September 30, 2015 and December 31, 2014, respectively.
3 Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).
Net Income/(Loss) Per Common Share (Tables)
Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars and shares in millions, except per share data)
2015
 
2014
 
2015
 
2014
Net income

$537

 

$576

 

$1,449

 

$1,380

Preferred dividends
(16
)
 
(9
)
 
(48
)
 
(28
)
Dividends and undistributed earnings allocated to unvested shares
(2
)
 
(4
)
 
(5
)
 
(9
)
Net income available to common shareholders

$519

 

$563

 

$1,396

 

$1,343

Average basic common shares
513

 
527

 
517

 
529

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
2

 
2

 
2

 
2

Restricted stock, RSUs, and warrants
4

 
4

 
4

 
4

Average diluted common shares
519

 
533

 
523

 
535

Net income per average common share - diluted

$1.00

 

$1.06

 

$2.67

 

$2.51

Net income per average common share - basic

$1.01

 

$1.07

 

$2.70

 

$2.54

Employee Benefit Plans (Tables)
Stock-Based Compensation Expense Recognized in Noninterest Expense 
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Stock options

$—

 

$—

 

$1

 

$1

Restricted stock
4

 
7

 
13

 
21

Performance stock units
5

 
4

 
21

 
9

RSUs
7

 
5

 
35

 
27

Total stock-based compensation

$16

 

$16

 

$70

 

$58

 
 
 
 
 
 
 
 
Stock-based compensation tax benefit

$6

 

$6

 

$27

 

$22

Schedule of Net Benefit Costs [Table Text Block] 
 
Pension Benefits 1
 
Other Postretirement Benefits
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Service cost

$2

 

$2

 

$4

 

$4

 

$—

 

$—

 

$—

 

$—

Interest cost
29

 
31

 
87

 
93

 
1

 
1

 
2

 
2

Expected return on plan assets
(52
)
 
(50
)
 
(155
)
 
(150
)
 
(2
)
 
(1
)
 
(4
)
 
(4
)
Amortization of prior service credit
—

 
—

 
—

 
—

 
(1
)
 
(2
)
 
(4
)
 
(4
)
Amortization of actuarial loss
5

 
4

 
16

 
12

 
—

 
—

 
—

 
—

Net periodic benefit

($16
)
 

($13
)
 

($48
)
 

($41
)
 

($2
)
 

($2
)
 

($6
)
 

($6
)
Guarantees (Tables)
Repurchase Requests [Abstract] 
(Dollars in millions)
2015
 
2014
Beginning pending repurchase requests

$47

 

$126

Repurchase requests received
58

 
139

Repurchase requests resolved:
 
 
 
Repurchased
(17
)
 
(22
)
Cured
(72
)
 
(198
)
Total resolved
(89
)
 
(220
)
Ending pending repurchase requests 1

$16

 

$45

 
 
 
 
Percent from non-agency investors:
 
 
Pending repurchase requests
6.0
%
 
7.0
%
Repurchase requests received
0.6
%
 
0.8
%
1 Comprised of $15 million and $42 million from the GSEs, and $1 million and $3 million from non-agency investors at September 30, 2015 and 2014, respectively.
Mortgage Loan Repurchase Losses 
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2015
 
2014
 
2015
 
2014
Balance, at beginning of period

$60

 

$77

 

$85

 

$78

Repurchase (benefit)/provision
(1
)
 
2

 
(9
)
 
12

Charge-offs, net of recoveries
—

 
(2
)
 
(17
)
 
(13
)
Balance, at end of period

$59

 

$77

 

$59

 

$77

Repurchased Mortgage Loan [Table Text Block] 
(Dollars in millions)
September 30, 2015
 
December 31, 2014
Outstanding repurchased mortgage loans:
 
 
Performing LHFI

$262

 

$271

Nonperforming LHFI
15

 
29

Nonperforming LHFS
—

 
12

Total carrying value of outstanding repurchased mortgage loans

$277

 

$312

Derivative Financial Instruments (Tables)
Derivative Positions 
 
September 30, 2015
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivative instruments designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans

$15,500

 

$262

 

$—

 

$—

Derivative instruments designated in fair value hedging relationships 2
 
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt
1,700

 
27

 
600

 
—

Interest rate contracts hedging brokered CDs
30

 
—

 
—

 
—

Total
1,730

 
27

 
600

 
—

Derivative instruments not designated as hedging instruments 3
 
 
 
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
 
 
MSRs
18,209

 
285

 
6,009

 
159

LHFS, IRLCs 4
2,638

 
13

 
4,478

 
40

Trading activity 5
69,745

 
2,449

 
63,113

 
2,237

Foreign exchange rate contracts hedging trading activity
3,634

 
127

 
3,303

 
123

Credit contracts hedging:
 
 
 
 
 
 
 
Loans
—

 
—

 
215

 
3

Trading activity 6
2,568

 
16

 
2,735

 
13

Equity contracts hedging trading activity 5
22,911

 
1,944

 
28,546

 
2,253

Other contracts:
 
 
 
 
 
 
 
IRLCs and other 7
2,672

 
38

 
81

 
6

Commodities
466

 
97

 
463

 
96

Total
122,843

 
4,969

 
108,943

 
4,930

Total derivative instruments

$140,073

 

$5,258

 

$109,543

 

$4,930

 
 
 
 
 
 
 
 
Total gross derivative instruments, before netting
 
 

$5,258

 
 
 

$4,930

Less: Legally enforceable master netting agreements
 
 
(3,268
)
 
 
 
(3,268
)
Less: Cash collateral received/paid
 
 
(541
)
 
 
 
(1,097
)
Total derivative instruments, after netting
 
 

$1,449

 
 
 

$565

1 See “Cash Flow Hedges” in this Note for further discussion.
2 See “Fair Value Hedges” in this Note for further discussion.
3 See “Economic Hedging and Trading Activities” in this Note for further discussion.
4 Amount includes $848 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.
5 Amounts include $12.7 billion and $536 million of notional amounts related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.
6 Asset and liability amounts include $6 million and $9 million of notional amounts from purchased and written credit risk participation agreements, respectively, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.
7 Includes $49 million notional amount that is based on the number of Visa Class B shares, 3.2 million, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 12, “Guarantees” for additional information.

 
December 31, 2014
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivative instruments designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans

$18,150

 

$208

 

$2,850

 

$8

Derivative instruments designated in fair value hedging relationships 2
 
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt
2,700

 
30

 
2,600

 
1

Interest rate contracts hedging brokered CDs
30

 
—

 
—

 
—

Total
2,730

 
30

 
2,600

 
1

Derivative instruments not designated as hedging instruments 3
 
 
 
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
 
 
MSRs
5,172

 
163

 
8,807

 
30

LHFS, IRLCs 4
1,840

 
4

 
4,923

 
23

Trading activity 5
61,049

 
2,405

 
61,065

 
2,225

Foreign exchange rate contracts hedging trading activity
2,429

 
104

 
2,414

 
100

Credit contracts hedging:
 
 
 
 
 
 
 
Loans
—

 
—

 
392

 
5

Trading activity 6
2,282

 
20

 
2,452

 
20

Equity contracts hedging trading activity 5
21,875

 
2,809

 
28,128

 
3,090

Other contracts:
 
 
 
 
 
 
 
IRLCs and other 7
2,231

 
25

 
139

 
5

Commodities
381

 
71

 
374

 
70

Total
97,259

 
5,601

 
108,694

 
5,568

Total derivative instruments

$118,139

 

$5,839

 

$114,144

 

$5,577

 
 
 
 
 
 
 
 
Total gross derivative instruments, before netting
 
 

$5,839

 
 
 

$5,577

Less: Legally enforceable master netting agreements
 
 
(4,083
)
 
 
 
(4,083
)
Less: Cash collateral received/paid
 
 
(449
)
 
 
 
(1,032
)
Total derivative instruments, after netting
 
 

$1,307

 
 
 

$462

1 See “Cash Flow Hedges” in this Note for further discussion.
2 See “Fair Value Hedges” in this Note for further discussion.
3 See “Economic Hedging and Trading Activities” in this Note for further discussion.
4 Amount includes $791 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.
5 Amounts include $10.3 billion and $563 million of notional amounts related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.
6 Asset and liability amounts both include $4 million of notional amounts from purchased and written interest rate swap risk participation agreements, respectively, whose notional is calculated as the notional of the interest rate swap participated adjusted by the relevant RWA conversion factor.
7 Includes $49 million notional amount that is based on the number of Visa Class B shares, 3.2 million, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 12, “Guarantees” for additional information.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] 
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
 
 
(Dollars in millions)
Amount of 
Pre-tax Gain
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain
Reclassified from AOCI
into Income
(Effective Portion)
 
Amount of 
Pre-tax Gain
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain
Reclassified from AOCI
into Income
(Effective Portion)
 
Classification of Pre-tax Gain
Reclassified
from AOCI
into Income
(Effective Portion)
Derivative instruments in cash flow hedging relationships:
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans 1

$204

 

$47

 

$338

 

$126

 
Interest and fees on loans
1 During the three and nine months ended September 30, 2015, the Company also reclassified $23 million and $61 million, respectively, of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
(Dollars in millions)
Amount of Gain/(Loss) on Derivatives
Recognized in Income
 
Amount of Loss on Related
Hedged Items
Recognized in Income
 
Amount of Loss Recognized in Income on Hedges
(Ineffective Portion)
 
Amount of
Gain on Derivatives
Recognized in Income
 
Amount of Loss on
Related Hedged Items
Recognized in Income
 
Amount of Loss
Recognized in Income
on Hedges
(Ineffective Portion)
Derivative instruments in fair value hedging relationships:
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt 1

$—

 

($1
)
 

($1
)
 

$7

 

($8
)
 

($1
)
1 Amounts are recognized in trading income in the Consolidated Statements of Income.

 
(Dollars in millions)
Classification of Gain/(Loss) Recognized
in Income on Derivatives
 
Amount of Gain/(Loss) Recognized in Income on Derivatives
During the Three Months Ended
September 30, 2015
 
Amount of Gain/(Loss) Recognized in Income on Derivatives
During the Nine Months Ended
September 30, 2015
Derivative instruments not designated as hedging instruments:
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
MSRs
Mortgage servicing related income
 

$298

 

$223

LHFS, IRLCs
Mortgage production related income
 
(69
)
 
(60
)
LHFI
Other noninterest income
 
(2
)
 
(2
)
Trading activity
Trading income
 
5

 
46

Foreign exchange rate contracts hedging trading activity
Trading income
 
21

 
57

Credit contracts hedging:
 
 
 
 
 
Loans
Other noninterest income
 
—

 
(1
)
Trading activity
Trading income
 
6

 
19

Equity contracts hedging trading activity
Trading income
 
—

 
3

Other contracts hedging:
 
 
 
 
 
IRLCs
Mortgage production related income
 
58

 
151

Commodities
Trading income
 
1

 
2

Total
 
 

$318

 

$438




 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2014
 
 
(Dollars in millions)
Amount of 
Pre-tax Loss
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain Reclassified from AOCI into Income
(Effective Portion)
 
Amount of 
Pre-tax Gain
Recognized
in OCI on Derivatives
(Effective Portion)
 
Amount of
Pre-tax Gain
Reclassified from AOCI into Income
(Effective Portion)
 
Classification of Pre-tax Gain
Reclassified
from AOCI
into Income
(Effective Portion)
Derivative instruments in cash flow hedging relationships:
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans 1

($31
)
 

$76

 

$36

 

$225

 
Interest and fees on loans
1 During the three and nine months ended September 30, 2014, the Company also reclassified $23 million and $77 million, respectively, of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2014
(Dollars in millions)
Amount of Loss on Derivatives
Recognized in Income
 
Amount of Gain on Related
Hedged Items
Recognized in Income
 
Amount of Gain/(Loss) Recognized in Income on Hedges
(Ineffective Portion)
 
Amount of
Gain on Derivatives
Recognized in Income
 
Amount of Loss on Related
Hedged Items
Recognized in Income
 
Amount of Gain
Recognized in Income
on Hedges
(Ineffective Portion)
Derivative instruments in fair value hedging relationships:
 
 
 
 
 
 
Interest rate contracts hedging fixed rate debt 1

($7
)
 

$7

 

$—

 

$10

 

($9
)
 

$1

1 Amounts are recognized in trading income in the Consolidated Statements of Income.


(Dollars in millions)
Classification of Gain/(Loss) Recognized
in Income on Derivatives
 
Amount of Gain
Recognized in Income
on Derivatives
During the Three Months Ended
September 30, 2014
 
Amount of Gain/(Loss)
Recognized in Income
on Derivatives
During the Nine
Months Ended
September 30, 2014
Derivative instruments not designated as hedging instruments:
 
 
 
 
Interest rate contracts hedging:
 
 
 
 
 
MSRs
Mortgage servicing related income
 

$17

 

$138

LHFS, IRLCs
Mortgage production related income
 
4

 
(92
)
Trading activity
Trading income
 
9

 
34

Foreign exchange rate contracts hedging trading activity
Trading income
 
44

 
43

Credit contracts hedging:
 
 

 

Loans
Other noninterest income
 
1

 
—

Trading activity
Trading income
 
4

 
13

Equity contracts hedging trading activity
Trading income
 
1

 
4

Other contracts - IRLCs
Mortgage production related income
 
52

 
190

Total
 
 

$132

 

$330





Netting of financial instruments - derivatives [Table Text Block] 
(Dollars in millions)
Gross
Amount
 
Amount
Offset
 
Net Amount
Presented in
Consolidated
Balance Sheets
 
Held/Pledged
Financial
Instruments
 
Net
Amount
September 30, 2015
 
 
 
 
 
 
 
 
 
Derivative instrument assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$4,748

 

$3,455

 

$1,293

 

$51

 

$1,242

Derivatives not subject to master netting arrangement or similar arrangement
38

 
—

 
38

 
—

 
38

Exchange traded derivatives
472

 
354

 
118

 
—

 
118

Total derivative instrument assets

$5,258

 

$3,809

 

$1,449

1 

$51

 

$1,398

 
 
 
 
 
 
 
 
 
 
Derivative instrument liabilities:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$4,488

 

$4,011

 

$477

 

$20

 

$457

Derivatives not subject to master netting arrangement or similar arrangement
88

 
—

 
88

 
—

 
88

Exchange traded derivatives
354

 
354

 
—

 
—

 
—

Total derivative instrument liabilities

$4,930

 

$4,365

 

$565

2 

$20

 

$545

 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Derivative instrument assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$5,127

 

$4,095

 

$1,032

 

$63

 

$969

Derivatives not subject to master netting arrangement or similar arrangement
25

 
—

 
25

 
—

 
25

Exchange traded derivatives
687

 
437

 
250

 
—

 
250

Total derivative instrument assets

$5,839

 

$4,532

 

$1,307

1 

$63

 

$1,244

 
 
 
 
 
 
 
 
 
 
Derivative instrument liabilities:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$5,001

 

$4,678

 

$323

 

$12

 

$311

Derivatives not subject to master netting arrangement or similar arrangement
133

 
—

 
133

 
—

 
133

Exchange traded derivatives
443

 
437

 
6

 
—

 
6

Total derivative instrument liabilities

$5,577

 

$5,115

 

$462

2 

$12

 

$450

1 At September 30, 2015, $1.4 billion, net of $541 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2014, $1.3 billion, net of $449 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.
2 At September 30, 2015, $565 million, net of $1.1 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2014, $462 million, net of $1.0 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.
Fair Value Election and Measurement (Tables)
Assets and Liabilities Measured at Fair Value on a Recurring Basis 
Recurring Fair Value Measurements
The following tables present certain information regarding assets and liabilities measured at fair value on a recurring basis and the changes in fair value for those specific financial instruments for which fair value has been elected.
 
September 30, 2015
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$443

 

$—

 

$—

 

$—

 

$443

Federal agency securities
—

 
532

 
—

 
—

 
532

U.S. states and political subdivisions
—

 
40

 
—

 
—

 
40

MBS - agency
—

 
565

 
—

 
—

 
565

CLO securities
—

 
2

 
—

 
—

 
2

Corporate and other debt securities
—

 
390

 
—

 
—

 
390

CP
—

 
312

 
—

 
—

 
312

Equity securities
65

 
—

 
—

 
—

 
65

Derivative instruments
474

 
4,746

 
38

 
(3,809
)
 
1,449

Trading loans
—

 
2,739

 
—

 
—

 
2,739

Total trading assets and derivative instruments
982

 
9,326

 
38

 
(3,809
)
 
6,537

 
 
 
 
 
 
 
 
 
 
Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
3,065

 
—

 
—

 
—

 
3,065

Federal agency securities
—

 
420

 
—

 
—

 
420

U.S. states and political subdivisions
—

 
169

 
5

 
—

 
174

MBS - agency
—

 
22,905

 
—

 
—

 
22,905

MBS - private
—

 
—

 
102

 
—

 
102

ABS
—

 
—

 
15

 
—

 
15

Corporate and other debt securities
—

 
33

 
5

 
—

 
38

Other equity securities 2
111

 
—

 
440

 
—

 
551

Total securities AFS
3,176

 
23,527

 
567

 
—

 
27,270


 
 
 
 
 
 
 
 
 
Residential LHFS
—

 
1,881

 
2

 
—

 
1,883

LHFI
—

 
—

 
262

 
—

 
262

MSRs
—

 
—

 
1,262

 
—

 
1,262

 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
584

 
—

 
—

 
—

 
584

MBS - agency
—

 
4

 
—

 
—

 
4

Corporate and other debt securities
—

 
177

 
—

 
—

 
177

Derivative instruments
355

 
4,569

 
6

 
(4,365
)
 
565

Total trading liabilities and derivative instruments
939

 
4,750

 
6

 
(4,365
)
 
1,330

 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
986

 
—

 
—

 
986

Other liabilities 3
—

 
—

 
23

 
—

 
23


1 Amounts represent offsetting cash collateral received from, and paid to, the same derivative counterparties, and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.
2 Includes $111 million of mutual fund investments, $32 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.
3 Includes contingent consideration obligations related to acquisitions.










 
December 31, 2014
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$267

 

$—

 

$—

 

$—

 

$267

Federal agency securities
—

 
547

 
—

 
—

 
547

U.S. states and political subdivisions
—

 
42

 
—

 
—

 
42

MBS - agency
—

 
545

 
—

 
—

 
545

CLO securities
—

 
3

 
—

 
—

 
3

Corporate and other debt securities
—

 
509

 
—

 
—

 
509

CP
—

 
327

 
—

 
—

 
327

Equity securities
45

 
—

 
—

 
—

 
45

Derivative instruments
688

 
5,126

 
25

 
(4,532
)
 
1,307

Trading loans
—

 
2,610

 
—

 
—

 
2,610

Total trading assets and derivative instruments
1,000

 
9,709

 
25

 
(4,532
)
 
6,202

 
 
 
 
 
 
 
 
 
 
Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
1,921

 
—

 
—

 
—

 
1,921

Federal agency securities
—

 
484

 
—

 
—

 
484

U.S. states and political subdivisions
—

 
197

 
12

 
—

 
209

MBS - agency
—

 
23,048

 
—

 
—

 
23,048

MBS - private
—

 
—

 
123

 
—

 
123

ABS
—

 
—

 
21

 
—

 
21

Corporate and other debt securities
—

 
36

 
5

 
—

 
41

Other equity securities 2
138

 
—

 
785

 
—

 
923

Total securities AFS
2,059

 
23,765

 
946

 
—

 
26,770

 
 
 
 
 
 
 
 
 
 
Residential LHFS
—

 
1,891

 
1

 
—

 
1,892

LHFI
—

 
—

 
272

 
—

 
272

MSRs
—

 
—

 
1,206

 
—

 
1,206

 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivative instruments:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
485

 
—

 
—

 
—

 
485

MBS - agency
—

 
1

 
—

 
—

 
1

Corporate and other debt securities
—

 
279

 
—

 
—

 
279

Derivative instruments
444

 
5,128

 
5

 
(5,115
)
 
462

Total trading liabilities and derivative instruments
929

 
5,408

 
5

 
(5,115
)
 
1,227

 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
1,283

 
—

 
—

 
1,283

Other liabilities 3
—

 
—

 
27

 
—

 
27


1 Amounts represent offsetting cash collateral received from, and paid to, the same derivative counterparties, and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.
2 Includes $138 million of mutual fund investments, $376 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $7 million of other.
3 Includes contingent consideration obligations related to acquisitions.
Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance 
(Dollars in millions)
Fair Value at September 30, 2015
 
Aggregate UPB under FVO at September 30, 2015
 
Fair Value
Over/(Under)
Unpaid Principal
Assets:
 
 
 
 
 
Trading loans

$2,739

 

$2,687

 

$52

LHFS:
 
 
 
 
 
Accrual
1,883

 
1,806

 
77

LHFI:
 
 
 
 
 
Accrual
260

 
269

 
(9
)
Nonaccrual
2

 
3

 
(1
)

Liabilities:
 
 
 
 
 
Long-term debt
986

 
907

 
79

 
 
 
 
 
 
(Dollars in millions)
Fair Value at December 31, 2014
 
Aggregate UPB under FVO at December 31, 2014
 

Fair Value
Over/(Under)
Unpaid Principal
Assets:
 
 
 
 
 
Trading loans

$2,610

 

$2,589

 

$21

LHFS:
 
 
 
 
 
Accrual
1,891

 
1,817

 
74

Nonaccrual
1

 
1

 
—

LHFI:
 
 
 
 
 
Accrual
269

 
281

 
(12
)
Nonaccrual
3

 
5

 
(2
)

Liabilities:
 
 
 
 
 
Long-term debt
1,283

 
1,176

 
107

Change in Fair Value of Financial Instruments for which the FVO has been Elected 
 
Fair Value Gain/(Loss) for the Three Months Ended
September 30, 2015 for Items Measured at Fair Value
Pursuant to Election of the FVO
 
Fair Value Gain/(Loss) for the Nine Months Ended
September 30, 2015 for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading Income
Mortgage
Production
Related
Income 1
Mortgage
Servicing
Related
Income
Other Noninterest Income
Total Changes
in Fair Values
Included in
Current Period
  Earnings 2
 
Trading
Income
Mortgage Production Related
 Income 1
Mortgage
Servicing
Related
Income
Other Noninterest Income
Total Changes
in Fair Values
Included in
Current
Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
 
 
 
 
Trading loans

($1
)

$—


$—


$—


($1
)
 

$1


$—


$—


$—


$1

LHFS
—

20

—

—

20

 
—

32

—

—

32

LHFI
—

—

—

4

4

 
—

—

—

3

3

MSRs
—

—

(198
)
—

(198
)
 
—

1

(235
)
—

(234
)
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
9

—

—

—

9

 
28

—

—

—

28

1 Income related to LHFS does not include income from IRLCs. For the three and nine months ended September 30, 2015, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the three and nine months ended September 30, 2015 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.


 
Fair Value Gain/(Loss) for the Three Months Ended
September 30, 2014 for Items Measured at Fair Value
Pursuant to Election of the FVO
 
Fair Value Gain/(Loss) for the Nine Months Ended
September 30, 2014 for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading Income
Mortgage
Production
Related
Income 1
Mortgage
Servicing
Related
Income
Total Changes
in Fair Values
Included in
Current
Period
  Earnings 2
 
Trading
Income
Mortgage Production Related
 Income 1
Mortgage
Servicing
Related
Income
Total Changes
in Fair Values
Included in
Current
Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
 
 
Trading loans

$1


$—


$—


$1

 

$10


$—


$—


$10

LHFS
—

(32
)
—

(32
)
 
—

(18
)
—

(18
)
LHFI
—

—

—

—

 
—

8

—

8

MSRs
—

—

(55
)
(55
)
 
—

2

(240
)
(238
)
 
Liabilities:
 
 
 
 
 
 
 
 
 
Brokered time deposits
1

—

—

1

 
6

—

—

6

Long-term debt
9

—

—

9

 
6

—

—

6

1 Income related to LHFS does not include income from IRLCs. For the three and nine months ended September 30, 2014, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the three and nine months ended September 30, 2014 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, brokered time deposits, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.
Fair Value Level 3 Significant Unobservable Input Assumptions [Table Text Block] 
 
 Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)
Fair value
September 30, 2015
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
Derivative instruments, net 2

$32

 
Internal model
 
Pull through rate
 
39-100% (75%)
 
MSR value
 
26-201 bps (100 bps)
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
5

 
Cost
 
N/A
 
 
MBS - private
102

 
Third party pricing
 
N/A
 
 
ABS
15

 
Third party pricing
 
N/A
 
 
Corporate and other debt securities
5

 
Cost
 
N/A
 
 
Other equity securities
440

 
Cost
 
N/A
 
 
Residential LHFS
2

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
143-162 bps (156 bps)
Conditional prepayment rate
3-17 CPR (11 CPR)
Conditional default rate
0-2 CDR (0.5 CDR)
LHFI
260

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-452 bps (269 bps)
Conditional prepayment rate
5-36 CPR (13 CPR)
Conditional default rate
0-5 CDR (2 CDR)
2

Collateral based pricing
Appraised value
NM 4
MSRs
1,262

 
Monte Carlo/Discounted cash flow
 
Conditional prepayment rate
 
2-21 CPR (11 CPR)
 
Option adjusted spread
 
(5)-107% (8%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 3
23

 
Internal model
 
Loan production volume
 
150% (150%)

1 For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available to the Company, and therefore, have been noted as not applicable, "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment and includes the derivative liability associated with the Company's sale of Visa shares.
3 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. See Note 12, "Guarantees," for additional information.
4 Not meaningful.


 
 Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)
Fair value December 31, 2014
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivative instruments:
 
 
 
 
 
 
 
Derivative instruments, net 2

$20

 
Internal model
 
Pull through rate
 
40-100% (75%)
 
MSR value
 
39-218 bps (107 bps)
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
12

 
Cost
 
N/A
 
 
MBS - private
123

 
Third party pricing
 
N/A
 
 
ABS
21

 
Third party pricing
 
N/A
 
 
Corporate and other debt securities
5

 
Cost
 
N/A
 
 
Other equity securities
785

 
Cost
 
N/A
 
 
Residential LHFS
1

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
145-225 bps (157 bps)
 
Conditional prepayment rate
 
1-30 CPR (15 CPR)
 
Conditional default rate
 
0-3 CDR (0.75 CDR)
LHFI
269

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-450 bps (286 bps)
 
Conditional prepayment rate
 
4-30 CPR (14 CPR)
 
Conditional default rate
 
0-7 CDR (2 CDR)
3

 
Collateral based pricing
 
Appraised value
 
NM 4
MSRs
1,206

 
Monte Carlo/Discounted cash flow
 
Conditional prepayment rate
 
2-47 CPR (11 CPR)
 
Option adjusted spread
 
(1)-122% (10%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 3
27

 
Internal model
 
Loan production volume
 
0-150% (107%)

1 For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available to the Company, and therefore, have been noted as not applicable, "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment and includes the derivative liability associated with the Company's sale of Visa shares.
3 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. See Note 12, "Guarantees," for additional informatio
Reconciliation of the Beginning and Ending Balances for Fair Valued Assets and Liabilities Measured on a Recurring Basis Using Significant Unobservable Inputs 
three and nine months ended September 30, 2015 and 2014.
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
July 1,
2015
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers
to/from
other
balance sheet
line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2015
 
Included in earnings (held at September 30, 2015) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instruments, net

$14

 

$58

2 

$—

 

$—

 

$—

 

$1

 

($41
)
 

$—

 

$—

 

$32

 

($1
)
2 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

 
MBS - private
112

 
(1
)
 
1

5 
—

 
—

 
(10
)
 
—

 
—

 
—

 
102

 
(1
)
 
ABS
17

 
—

 
—

 
—

 
—

 
(2
)
 
—

 
—

 
—

 
15

 
—

 
Corporate and other debt securities
3

 
—

 
—

 
5

 
—

 
(3
)
 
—

 
—

 
—

 
5

 
—

 
Other equity securities
582

 
—

 
(2
)
5 
—

 
—

 
(140
)
 
—

 
—

 
—

 
440

 
—

 
Total securities AFS
719

 
(1
)
 
(1
)
 
5

 
—

 
(155
)
 
—

 
—

 
—

 
567

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
2

 
—

 
—

 
—

 
(7
)
 
—

 
(1
)
 
8

 
—

 
2

 
—

 
LHFI
263

 
3

3 
—

 
—

 
—

 
(8
)
 
—

 
4

 
—

 
262

 
3

3 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
23

 
—


—

 
—

 
—

 
—

 
—

 
—

 
—

 
23

 
—

 
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2015
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers to/from other balance sheet line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2015
 
Included in earnings (held at September 30, 2015) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instruments, net

$20

 

$148

2 

$—

 

$—

 

$—

 

$2

 

($138
)
 

$—

 

$—

 

$32

 

($5
)
2 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
12

 
—

 
—

   
—

 
—

 
(7
)
 
—

 
—

 
—

 
5

 
—

   
MBS - private
123

 
(1
)
 
2

5 
—

 
—

 
(22
)
 
—

 
—

 
—

 
102

 
(1
)
 
ABS
21

 
—

   
—

   
—

 
—

 
(6
)
 
—

 
—

 
—

 
15

 
—

   
Corporate and other debt securities
5

 
—

   
—

   
5

 
—

 
(5
)
 
—

 
—

 
—

 
5

 
—

   
Other equity securities
785

 
—

 
(2
)
5 
104

 
—

 
(447
)
 
—

 
—

 
—

 
440

 
—

 
Total securities AFS
946

 
(1
)

—

 
109

 
—

 
(487
)
 
—

 
—

 
—

 
567

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
1

 
—

 
—

   
—

 
(16
)
 
—

 
(2
)
 
19

 
—

 
2

 
—

 
LHFI
272

 
3

3 
—

   
—

 
—

 
(32
)
 
(1
)
 
20

 
—

 
262

 
1

3 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
27

 
6

4 
—

   
—

 
—

 
(10
)
 
—

 
—

 
—

 
23

 
6

4 

1 Change in unrealized gains/(losses) included in earnings during the period related to financial assets/liabilities still held at September 30, 2015.
2 Includes issuances, fair value changes, and expirations and are recognized in mortgage production related income.
3 Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in other noninterest income.
4 Amounts included in earnings are recognized in other noninterest expense.
5 Amount recognized in OCI is included in change in net unrealized gains/(losses) on securities AFS, net of tax.

 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
July 1,
2014
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers
to/from other
balance sheet
line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2014
 
Included in earnings (held at September 30, 2014) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instruments, net

$21

 

$47

2 

$—

 

$—

 

$—

 

$1

 

($64
)
 

$—

 

$—

 

$5

 

$16

2 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
12

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
12

 
—

 
MBS - private
140

 
(1
)
 
(1
)
5 
—

 
—

 
(6
)
 
—

 
—

 
—

 
132

 
(1
)
 
ABS
22

 
—

 
—

 
—

 
—

 
(1
)
 
—

 
—

 
—

 
21

 
—

 
Corporate and other debt securities
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

 
Other equity securities
779

 
—

 
—

 
135

 
—

 
(90
)
 
6

 
—

 
—

 
830

 
—

 
Total securities AFS
958

 
(1
)
4 
(1
)
 
135

 
—

 
(97
)
 
6

 
—

 
—

 
1,000

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
3

 
—


—

 
—

 
(3
)
 
—

 
—

 
1

 
—

 
1

 
—


LHFI
292

 
1

6 
—

 
—

 
—

 
(8
)
 
(2
)
 
1

 
—

 
284

 
1

6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
27

 
—

 
—

 
—

 
—

 
(3
)
 
—

 
—

 
—

 
24

 
—

 
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2014
 
Included
in
earnings
 
OCI
 
Purchases
 
Sales
 
Settlements
 
Transfers to/from other balance sheet line items
 
Transfers
into
Level 3
 
Transfers
out of
Level 3
 
Fair value September 30, 2014
 
Included in earnings (held at September 30, 2014) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDO/CLO securities

$54

 

$11

3 

$—

 

$—

 

($65
)
 

$—

 

$—

 

$—

 

$—

 

$—

 

$—

 
ABS
6

 
1

3 
—

 
—

 
(7
)
 
—

 
—

 
—

 
—

 
—

 
—

 
Derivative instruments, net
8

 
180

2 
—

 
—

 
—

 
2

 
(185
)
 
—

 
—

 
5

 
(10
)
2 
Total trading assets
68

 
192

 
—

 
—

   
(72
)
 
2

 
(185
)
 
—

 
—

 
5

 
(10
)
 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
34

 
(2
)
 
—

 
—

 
(20
)
 
—

 
—

 
—

 
—

 
12

 
—

   
MBS - private
154

 
(1
)
 
4

5 
—

 
—

 
(25
)
 
—

 
—

 
—

 
132

 
(1
)
   
ABS
21

 
—

 
1

5 
—

 
—

 
(1
)
 
—

 
—

 
—

 
21

 
—

   
Corporate and other debt securities
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

   
Other equity securities
739

 
—

 
—

 
270

 
—

 
(185
)
 
6

 
—

 
—

 
830

 
—

   
Total securities AFS
953

 
(3
)
4 
5

 
270

   
(20
)
 
(211
)
 
6

 
—

 
—

 
1,000

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
3

 
—

 
—

 
—

 
(7
)
 
—

 
(6
)
 
12

 
(1
)
 
1

 
—

 
LHFI
302

 
9

6 
—

 
—

 
—

 
(31
)
 
3

 
1

 
—

 
284

 
6

6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
29

 
1

7 
—

 
—

 
—

 
(3
)
 
(3
)
 
—

 
—

 
24

 
—

 

Change in Carrying Value of Assets Measured at Fair Value on a Non-Recurring Basis 
 
 
 
Fair Value Measurements
 
Losses for the Three Months Ended September 30, 2015
 
Losses for the Nine Months Ended September 30, 2015
(Dollars in millions)
September 30, 2015
 
Level 1
 
Level 2
 
Level 3
 
 
LHFI

$17

 

$—

 

$—

 

$17

 

$—

 

$—

OREO
17

 
—

 
1

 
16

 
(2
)
 
(3
)
Other assets
39

 
—

 
32

 
7

 
(1
)
 
(7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
Losses for the
Year Ended
December 31, 2014
 
 
(Dollars in millions)
December 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
 

LHFS

$1,108

 

$121

 

$45

 

$942

 

($6
)
 
 
LHFI
24

 
—

 
—

 
24

 
—

 
 
OREO
29

 
—

 
1

 
28

 
(6
)
 
 
Affordable housing
77

 
—

 
—

 
77

 
(21
)
 
 
Other assets
225

 
—

 
216

 
9

 
(64
)
 
 
Carrying Amounts and Fair Values of the Company's Financial Instruments 
 
September 30, 2015
 
Fair Value Measurements
 
(Dollars in millions)
Measured
Amount
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$4,916

 

$4,916

 

$4,916

 

$—

 

$—

(a) 
Trading assets and derivative instruments
6,537

 
6,537

 
982

 
5,517

 
38

(b) 
Securities AFS
27,270

 
27,270

 
3,176

 
23,527

 
567

(b) 
LHFS
2,032

 
2,034

 
—

 
2,007

 
27

(c) 
LHFI, net
131,774

 
129,046

 
—

 
406

 
128,640

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
146,371

 
146,407

 
—

 
146,407

 
—

(e) 
Short-term borrowings
3,942

 
3,942

 
—

 
3,942

 
—

(f) 
Long-term debt
8,444

 
8,403

 
—

 
7,852

 
551

(f) 
Trading liabilities and derivative instruments
1,330

 
1,330

 
939

 
385

 
6

(b) 

 
December 31, 2014
 
Fair Value Measurements
 
(Dollars in millions)
Measured
Amount
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$8,229

 

$8,229

 

$8,229

 

$—

 

$—

(a) 
Trading assets and derivative instruments
6,202

 
6,202

 
1,000

 
5,177

 
25

(b) 
Securities AFS
26,770

 
26,770

 
2,059

 
23,765

 
946

(b) 
LHFS
3,232

 
3,240

 
—

 
2,063

 
1,177

(c) 
LHFI, net
131,175

 
126,855

 
—

 
545

 
126,310

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
140,567

 
140,562

 
—

 
140,562

 
—

(e) 
Short-term borrowings
9,186

 
9,186

 
—

 
9,186

 
—

(f) 
Long-term debt
13,022

 
13,056

 
—

 
12,398

 
658

(f) 
Trading liabilities and derivative instruments
1,227

 
1,227

 
929

 
293

 
5

(b) 

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:
(a)
Cash and cash equivalents are valued at their carrying amounts, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.
(b)
Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.
(c)
LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally-developed and considers risk premiums that a market participant would require under then-current market conditions.
(d)
LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid or nonexistent requires significant judgment.
Generally, the Company measures fair value for LHFI based on estimated future discounted cash flows using current origination rates for loans with similar terms and credit quality, which derived an estimated value of 100% on the loan portfolio’s net carrying value at both September 30, 2015 and December 31, 2014. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was applied when estimating the fair value of these loans. The discounted value is a function of a market participant’s required yield in the current environment and is not a reflection of the expected cumulative losses on the loans.
(e)
Deposit liabilities with no defined maturity such as DDAs, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow approach that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values.
(f)
Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated discounted cash flows utilizing the Company’s current incremental borrowing rate for similar types of instruments. For long-term debt that the Company measures at fair value, refer to the respective valuation section within this footnote. For level 3 debt, the terms are unique in nature or there are otherwise no similar instruments that can be used to value the instrument without using significant unobservable assumptions. In this situation, the Company reviews current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.
Business Segment Reporting (Tables)
Business Segment Reporting
 
Three Months Ended September 30, 2015
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$40,206

 

$67,274

 

$25,299

 

$70

 

($12
)
 

$132,837

Average consumer and commercial deposits
91,016

 
51,237

 
2,918

 
84

 
(29
)
 
145,226

Average total assets
45,874

 
80,097

 
29,280

 
29,878

 
3,212

 
188,341

Average total liabilities
91,671

 
56,611

 
3,290

 
13,397

 
(12
)
 
164,957

Average total equity
—

 
—

 
—

 
—

 
23,384

 
23,384

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income:
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$688

 

$447

 

$123

 

$40

 

($87
)
 

$1,211

FTE adjustment
—

 
35

 
—

 
1

 
—

 
36

Net interest income - FTE 1
688

 
482

 
123

 
41

 
(87
)
 
1,247

Provision/(benefit) for credit losses 2
22

 
47

 
(38
)
 
—

 
1

 
32

Net interest income after provision/(benefit) for credit losses - FTE
666

 
435

 
161

 
41

 
(88
)
 
1,215

Total noninterest income
384

 
293

 
109

 
29

 
(4
)
 
811

Total noninterest expense
720

 
388

 
154

 
6

 
(4
)
 
1,264

Income before provision for income taxes - FTE
330

 
340

 
116

 
64

 
(88
)
 
762

Provision for income taxes - FTE 3
123

 
109

 
11

 
22

 
(42
)
 
223

Net income including income attributable to noncontrolling interest
207

 
231

 
105

 
42

 
(46
)
 
539

Net income attributable to noncontrolling interest
—

 
—

 
—

 
2

 
—

 
2

Net income

$207

 

$231

 

$105

 

$40

 

($46
)
 

$537

 
 
 
 
 
 
 
 
 
 
 
 


 
Three Months Ended September 30, 2014
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$41,904

 

$63,542

 

$25,261

 

$46

 

($6
)
 

$130,747

Average consumer and commercial deposits
86,194

 
43,319

 
2,664

 
83

 
(65
)
 
132,195

Average total assets
47,586

 
75,156

 
30,447

 
27,326

 
2,918

 
183,433

Average total liabilities
86,888

 
49,955

 
3,085

 
21,356

 
(42
)
 
161,242

Average total equity
—

 
—

 
—

 
—

 
22,191

 
22,191

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(Loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$666

 

$419

 

$148

 

$70

 

($88
)
 

$1,215

FTE adjustment
—

 
34

 
—

 
1

 
1

 
36

Net interest income - FTE 1
666

 
453

 
148

 
71

 
(87
)
 
1,251

Provision for credit losses 2
40

 
9

 
44

 
—

 
—

 
93

Net interest income after provision for credit losses - FTE
626

 
444

 
104

 
71

 
(87
)
 
1,158

Total noninterest income
399

 
241

 
130

 
14

 
(4
)
 
780

Total noninterest expense
720

 
367

 
166

 
12

 
(6
)
 
1,259

Income before provision/(benefit) for income taxes - FTE
305

 
318

 
68

 
73

 
(85
)
 
679

Provision/(benefit) for income taxes - FTE 3
112

 
94

 
25

 
(108
)
 
(20
)
 
103

Net income including income attributable to noncontrolling interest
193

 
224

 
43

 
181

 
(65
)
 
576

Net income attributable to noncontrolling interest
—

 
—

 
—

 
—

 
—

 
—

Net income

$193

 

$224

 

$43

 

$181

 

($65
)
 

$576

1 Presented on a matched maturity funds transfer price basis for the segments.
2 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
3 Includes regular income tax provision/(benefit) and taxable-equivalent income adjustment reversal.

 
Nine Months Ended September 30, 2015
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$40,556

 

$67,547

 

$24,847

 

$59

 

($9
)
 

$133,000

Average consumer and commercial deposits
90,935

 
49,147

 
2,754

 
85

 
(52
)
 
142,869

Average total assets
46,493

 
80,777

 
28,595

 
29,469

 
3,301

 
188,635

Average total liabilities
91,578

 
54,826

 
3,139

 
15,894

 
(68
)
 
165,369

Average total equity
—

 
—

 
—

 
—

 
23,266

 
23,266

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income:
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,029

 

$1,321

 

$366

 

$103

 

($301
)
 

$3,518

FTE adjustment
—

 
103

 
—

 
2

 
2

 
107

Net interest income - FTE 1
2,029

 
1,424

 
366

 
105

 
(299
)
 
3,625

Provision/(benefit) for credit losses 2
101

 
73

 
(61
)
 
—

 
1

 
114

Net interest income after provision/(benefit) for credit losses - FTE
1,928

 
1,351

 
427

 
105

 
(300
)
 
3,511

Total noninterest income
1,136

 
949

 
346

 
84

 
(12
)
 
2,503

Total noninterest expense
2,167

 
1,189

 
511

 
18

 
(13
)
 
3,872

Income before provision for income taxes - FTE
897

 
1,111

 
262

 
171

 
(299
)
 
2,142

Provision for income taxes - FTE 3
334

 
371

 
45

 
61

 
(125
)
 
686

Net income including income attributable to noncontrolling interest
563

 
740

 
217

 
110

 
(174
)
 
1,456

Net income attributable to noncontrolling interest
—

 
—

 
—

 
7

 
—

 
7

Net income

$563

 

$740

 

$217

 

$103

 

($174
)
 

$1,449

 
 
 
 
 
 
 
 
 
 
 
 

 
Nine Months Ended September 30, 2014
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average loans

$41,564

 

$61,297

 

$27,106

 

$50

 

($7
)
 

$130,010

Average consumer and commercial deposits
85,190

 
42,899

 
2,260

 
85

 
(65
)
 
130,369

Average total assets
47,244

 
72,646

 
31,078

 
26,313

 
2,817

 
180,098

Average total liabilities
85,931

 
49,594

 
2,763

 
19,869

 
(31
)
 
158,126

Average total equity
—

 
—

 
—

 
—

 
21,972

 
21,972

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(Loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$1,957

 

$1,220

 

$422

 

$220

 

($190
)
 

$3,629

FTE adjustment
—

 
102

 
—

 
2

 
1

 
105

Net interest income - FTE 1
1,957

 
1,322

 
422

 
222

 
(189
)
 
3,734

Provision for credit losses 2
135

 
39

 
94

 
—

 
—

 
268

Net interest income after provision for credit losses - FTE
1,822

 
1,283

 
328

 
222

 
(189
)
 
3,466

Total noninterest income
1,141

 
828

 
350

 
222

 
(13
)
 
2,528

Total noninterest expense
2,154

 
1,180

 
717

 
95

 
(12
)
 
4,134

Income/(loss) before provision/(benefit) for income taxes - FTE
809

 
931

 
(39
)
 
349

 
(190
)
 
1,860

Provision/(benefit) for income taxes - FTE 3
297

 
296

 
(16
)
 
(41
)
 
(67
)
 
469

Net income/(loss) including income attributable to noncontrolling interest
512

 
635

 
(23
)
 
390

 
(123
)
 
1,391

Net income attributable to noncontrolling interest
—

 
—

 
—

 
11

 
—

 
11

Net income/(loss)

$512

 

$635

 

($23
)
 

$379

 

($123
)
 

$1,380


1 Presented on a matched maturity funds transfer price basis for the segments.
2 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
3 Includes regular income tax provision/(benefit) and taxable-equivalent income adjustment reversal.
Accumulated Other Comprehensive Income (Tables)
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] 
(Dollars in millions)
Securities AFS
 
Derivative Instruments
 
Employee Benefit Plans
 
Total
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
Balance, beginning of period

$183

 

$107

 

($584
)
 

($294
)
Net unrealized gains arising during the period
123

 
128

 
—

 
251

Amounts reclassified from AOCI
(4
)
 
(44
)
 
3

 
(45
)
Other comprehensive income, net of tax
119

 
84

 
3

 
206

Balance, end of period

$302

 

$191

 

($581
)
 

($88
)
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
 
 
 
 
 
 
Balance, beginning of period

$206

 

$193

 

($458
)
 

($59
)
Net unrealized losses arising during the period
(43
)
 
(19
)
 
—

 
(62
)
Amounts reclassified from AOCI
6

 
(63
)
 
1

 
(56
)
Other comprehensive (loss)/income, net of tax
(37
)
 
(82
)
 
1

 
(118
)
Balance, end of period

$169

 

$111

 

($457
)
 

($177
)
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
Balance, beginning of period

$298

 

$97

 

($517
)
 

($122
)
Net unrealized gains arising during the period
17

 
212

 
—

 
229

Amounts reclassified from AOCI
(13
)
 
(118
)
 
(64
)
 
(195
)
Other comprehensive income/(loss), net of tax
4

 
94

 
(64
)
 
34

Balance, end of period

$302

 

$191

 

($581
)
 

($88
)
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
Balance, beginning of period

($77
)
 

$279

 

($491
)


($289
)
Net unrealized gains arising during the period
239

 
23

 
—

 
262

Amounts reclassified from AOCI
7

 
(191
)
 
34

 
(150
)
Other comprehensive income/(loss), net of tax
246

 
(168
)
 
34

 
112

Balance, end of period

$169

 

$111

 

($457
)
 

($177
)
schedule of reclassifications from AOCI [Table Text Block] 
(Dollars in millions)
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
Affected Line Item in the Statement Where Net Income is Presented
Details About AOCI Components
 
2015
 
2014
 
2015
 
2014
 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
Realized (gains)/losses on securities AFS
 

($7
)
 

$9

 

($21
)
 

$11

 
Net securities gains/(losses)
Tax effect
 
3

 
(3
)
 
8

 
(4
)
 
Provision for income taxes
 
 
(4
)
 
6

 
(13
)
 
7

 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative Instruments:
 
 
 
 
 
 
 
 
 
 
Realized gains on cash flow hedges
 
(70
)
 
(99
)
 
(187
)
 
(302
)
 
Interest and fees on loans
Tax effect
 
26

 
36

 
69

 
111

 
Provision for income taxes
 
 
(44
)
 
(63
)
 
(118
)
 
(191
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee Benefit Plans:
 
 
 
 
 
 
 
 
 
 
Amortization of prior service credit
 
(1
)
 
(2
)
 
(4
)
 
(4
)
 
Employee benefits
Amortization of actuarial loss
 
5

 
4

 
16

 
12

 
Employee benefits
Adjustment to funded status of employee benefit obligation
 
—

 
—

 
(120
)
 
46

 
Other assets/other liabilities
 
 
4

 
2

 
(108
)
 
54

 
 
Tax effect
 
(1
)
 
(1
)
 
44

 
(20
)
 
Provision for income taxes
 
 
3

 
1

 
(64
)
 
34

 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCI
 

($45
)
 

($56
)
 

($195
)


($150
)
 
 


Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Securities Purchased under Agreements to Resell [Abstract]
 
 
Federal Funds Sold
$ 55 
$ 38 
Securities Borrowed
221 
290 
Securities Purchased under Agreements to Resell
829 
832 
Federal Funds Sold and Securities Purchased under Agreements to Resell
$ 1,105 
$ 1,160 
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell - Additional Information (Details) (USD $)
Sep. 30, 2015
Dec. 31, 2014
Securities Purchased under Agreements to Resell [Abstract]
 
 
Fair Value of Securities Received as Collateral that Can be Resold or Repledged
$ 1,100,000,000 
$ 1,100,000,000 
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged
$ 219,000,000 
$ 222,000,000 
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell Securities Sold Under Agreements to Repurchase (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
$ 1,536 
$ 2,276 
US Treasury Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
376 
US Government Agencies Debt Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
231 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
1,104 
Commercial Paper [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
238 
Corporate Debt Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
327 
Maturity Overnight [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
1,536 
2,231 
Maturity Overnight [Member] |
US Treasury Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
84 
376 
Maturity Overnight [Member] |
US Government Agencies Debt Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
223 
231 
Maturity Overnight [Member] |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
868 
1,059 
Maturity Overnight [Member] |
Commercial Paper [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
37 
238 
Maturity Overnight [Member] |
Corporate Debt Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
324 
327 
Maturity up to 30 days [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
45 
Maturity up to 30 days [Member] |
US Treasury Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
0 
Maturity up to 30 days [Member] |
US Government Agencies Debt Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
0 
Maturity up to 30 days [Member] |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
45 
Maturity up to 30 days [Member] |
Commercial Paper [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
0 
Maturity up to 30 days [Member] |
Corporate Debt Securities [Member]
 
 
securities sold under agreement to repurchase maturity [Line Items]
 
 
Securities Sold under Agreements to Repurchase
 
$ 0 
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell Netting of financial instruments - repurchase agreements (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Assets Sold under Agreements to Repurchase [Line Items]
 
 
Carrying Value of Securities Purchased under Agreements to Resell and Deposits Paid for Securities Borrowed
$ 1,050 
$ 1,122 
Securities Purchased under Agreements to Resell, Amount Offset Against Collateral
0 
0 
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure
1,050 1
1,122 1
Held Financial Instruments, Not Separately Reported, Securities for Reverse Repurchase Agreements
1,043 
1,112 
Securities Borrowed or Purchased Under Agreements to Resell, Amount Not Offset Against Collateral
7 
10 
Securities Sold under Agreements to Repurchase, Gross
1,536 
2,276 
Securities Sold Under Agreements to Repurchase, Amount Offset Against Collateral
0 
0 
Securities Sold under Agreements to Repurchase
1,536 
2,276 
Pledged Financial Instruments, Not Separately Reported, Securities for Repurchase Agreements
1,536 
2,276 
Securities Sold Under Agreements to Repurchase, Amount Not Offset Against Collateral
$ 0 
$ 0 
Trading Assets and Liabilities and Derivatives(Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
$ 6,537 1
$ 6,202 1
Trading liabilities
1,330 
1,227 
US Treasury Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
443 
267 
Trading liabilities
584 
485 
US Government Agencies Debt Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
532 
547 
US States and Political Subdivisions Debt Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
40 
42 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
565 
545 
Trading liabilities
4 
1 
Collateralized Loan Obligations [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
2 
3 
Corporate Debt Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
390 
509 
Trading liabilities
177 
279 
Commercial Paper [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
312 
327 
Equity Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
65 
45 
Derivative Financial Instruments, Assets
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
1,449 2
1,307 2
Loans [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
2,739 3
2,610 3
Derivative Financial Instruments, Liabilities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading liabilities
$ 565 2
$ 462 2
Trading Assets and Liabilities and Derivatives - Additional Information (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral
$ 825 
$ 1,064 
Repurchase Agreements [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading Securities Pledged as Collateral
857 
1,126 
Equity Trading [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading Securities Pledged as Collateral
40 
40 
Derivative [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading Securities Pledged as Collateral
$ 298 
$ 202 
Securities Available for Sale (Detail) (USD $)
In Millions, unless otherwise specified
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
$ 26,747 
$ 26,257 
Unrealized Gains
583 
600 
Unrealized Losses
60 
87 
Available-for-sale Securities
27,270 1
26,770 1
US Treasury Securities [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
3,020 
1,913 
Unrealized Gains
45 
9 
Unrealized Losses
0 
1 
Available-for-sale Securities
3,065 
1,921 
US Government Agencies Debt Securities [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
408 
471 
Unrealized Gains
13 
15 
Unrealized Losses
1 
2 
Available-for-sale Securities
420 
484 
US States and Political Subdivisions Debt Securities [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
167 
200 
Unrealized Gains
7 
9 
Unrealized Losses
0 
0 
Available-for-sale Securities
174 
209 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
22,452 
22,573 
Unrealized Gains
511 
558 
Unrealized Losses
58 
83 
Available-for-sale Securities
22,905 
23,048 
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
100 
122 
Unrealized Gains
2 
2 
Unrealized Losses
0 
1 
Available-for-sale Securities
102 
123 
Asset-backed Securities [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
13 
19 
Unrealized Gains
2 
2 
Unrealized Losses
0 
0 
Available-for-sale Securities
15 
21 
Other Debt Obligations [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
36 
38 
Unrealized Gains
2 
3 
Unrealized Losses
0 
0 
Available-for-sale Securities
38 
41 
Equity Securities [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Amortized Cost
551 2
921 2
Unrealized Gains
1 2
2 2
Unrealized Losses
1 2
0 2
Available-for-sale Securities
$ 551 2
$ 923 2
Securities Available for Sale (Addition Information) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities, Gross Realized Gains
$ 11 
$ 3 
$ 25 
$ 3 
 
Available-for-sale Securities, Gross Realized Losses
(3)
12 
3 
13 
 
Available-for-sale Securities
27,270 1
 
27,270 1
 
26,770 1
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities
102 
 
102 
 
123 
Equity Securities [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities
551 2
 
551 2
 
923 2
Federal Home Loan Bank (FHLB) of Atlanta stock (par value)
32 
 
32 
 
376 
Federal Reserve Bank Stock
402 
 
402 
 
402 
Mutual fund investments (par value)
111 
 
111 
 
138 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities
567 
 
567 
 
946 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member] |
Equity Securities [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
6 
 
6 
 
7 
Other Than Temporarily Impaired Securities [Member] |
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities
22 
19 
22 
19 
 
Equity Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities
$ 440 3
 
$ 440 3
 
$ 785 4
Interest and dividends on SAFS (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
Interest Income, Securities, Taxable
$ 143 
$ 142 
$ 397 
$ 421 
Interest Income, Securities, Tax Exempt
2 
2 
5 
8 
Dividend Income, Operating
8 
9 
28 
27 
Interest and Dividend Income, Securities, Available-for-sale
$ 153 
$ 153 
$ 430 
$ 456 
Securities Available for Sale - Additional Information (Detail) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities, Gross Realized Gains
$ 11,000,000 
$ 3,000,000 
$ 25,000,000 
$ 3,000,000 
 
Available-for-sale Securities, Gross Realized Losses
(3,000,000)
12,000,000 
3,000,000 
13,000,000 
 
Available-for-sale Securities Pledged as Collateral
2,900,000,000 
 
2,900,000,000 
 
2,600,000,000 
Available-for-sale Securities
27,270,000,000 1
 
27,270,000,000 1
 
26,770,000,000 1
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities
102,000,000 
 
102,000,000 
 
123,000,000 
Other Than Temporarily Impaired Securities [Member] |
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
 
 
Available-for-sale Securities
$ 22,000,000 
$ 19,000,000 
$ 22,000,000 
$ 19,000,000 
 
Amortized Cost and Fair Value of Investments in Debt Securities by Estimated Average Life (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Distribution of Maturities: Amortized Cost, 1 Year or Less
$ 2,687 
Distribution of Maturities: Amortized Cost, 1-5 Years
12,278 
Distribution of Maturities: Amortized Cost, 5-10 Years
5,954 
Distribution of Maturities: Amortized Cost, After 10 Years
5,277 
Distribution of Maturities: Amortized Cost, Total
26,196 
Distribution of Maturities: Fair Value, 1 Year or Less
2,835 
Distribution of Maturities: Fair Value, 1-5 Years
12,593 
Distribution of Maturities: Fair Value, 5-10 Years
6,011 
Distribution of Maturities: Fair Value, After 10 Years
5,280 
Distribution of Maturities: Fair Value, Total
26,719 
Available For Sale Securities Debt Maturities, Yield, One Year Or Less
2.35% 1
Available For Sale Securities Debt Maturities, Yield, After One Through Five Years
2.41% 1
Available For Sale Securities Debt Maturities, Yield, After Five Through Ten Years
2.57% 1
Available For Sale Securities Debt Maturities, Yield, After Ten Years
2.80% 1
Available For Sale Securities Debt Maturities, Yield
2.52% 1
US Treasury Securities [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
25 
Distribution of Maturities: Amortized Cost, 1-5 Years
921 
Distribution of Maturities: Amortized Cost, 5-10 Years
2,074 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
3,020 
Distribution of Maturities: Fair Value, 1 Year or Less
25 
Distribution of Maturities: Fair Value, 1-5 Years
931 
Distribution of Maturities: Fair Value, 5-10 Years
2,109 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
3,065 
US Government Agencies Debt Securities [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
159 
Distribution of Maturities: Amortized Cost, 1-5 Years
109 
Distribution of Maturities: Amortized Cost, 5-10 Years
14 
Distribution of Maturities: Amortized Cost, After 10 Years
126 
Distribution of Maturities: Amortized Cost, Total
408 
Distribution of Maturities: Fair Value, 1 Year or Less
163 
Distribution of Maturities: Fair Value, 1-5 Years
116 
Distribution of Maturities: Fair Value, 5-10 Years
14 
Distribution of Maturities: Fair Value, After 10 Years
127 
Distribution of Maturities: Fair Value, Total
420 
US States and Political Subdivisions Debt Securities [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
38 
Distribution of Maturities: Amortized Cost, 1-5 Years
13 
Distribution of Maturities: Amortized Cost, 5-10 Years
101 
Distribution of Maturities: Amortized Cost, After 10 Years
15 
Distribution of Maturities: Amortized Cost, Total
167 
Distribution of Maturities: Fair Value, 1 Year or Less
39 
Distribution of Maturities: Fair Value, 1-5 Years
13 
Distribution of Maturities: Fair Value, 5-10 Years
106 
Distribution of Maturities: Fair Value, After 10 Years
16 
Distribution of Maturities: Fair Value, Total
174 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
2,462 
Distribution of Maturities: Amortized Cost, 1-5 Years
11,098 
Distribution of Maturities: Amortized Cost, 5-10 Years
3,756 
Distribution of Maturities: Amortized Cost, After 10 Years
5,136 
Distribution of Maturities: Amortized Cost, Total
22,452 
Distribution of Maturities: Fair Value, 1 Year or Less
2,605 
Distribution of Maturities: Fair Value, 1-5 Years
11,391 
Distribution of Maturities: Fair Value, 5-10 Years
3,772 
Distribution of Maturities: Fair Value, After 10 Years
5,137 
Distribution of Maturities: Fair Value, Total
22,905 
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
3 
Distribution of Maturities: Amortized Cost, 1-5 Years
89 
Distribution of Maturities: Amortized Cost, 5-10 Years
8 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
100 
Distribution of Maturities: Fair Value, 1 Year or Less
3 
Distribution of Maturities: Fair Value, 1-5 Years
91 
Distribution of Maturities: Fair Value, 5-10 Years
8 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
102 
Asset-backed Securities [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
0 
Distribution of Maturities: Amortized Cost, 1-5 Years
12 
Distribution of Maturities: Amortized Cost, 5-10 Years
1 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
13 
Distribution of Maturities: Fair Value, 1 Year or Less
0 
Distribution of Maturities: Fair Value, 1-5 Years
13 
Distribution of Maturities: Fair Value, 5-10 Years
2 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
15 
Other Debt Obligations [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
0 
Distribution of Maturities: Amortized Cost, 1-5 Years
36 
Distribution of Maturities: Amortized Cost, 5-10 Years
0 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
36 
Distribution of Maturities: Fair Value, 1 Year or Less
0 
Distribution of Maturities: Fair Value, 1-5 Years
38 
Distribution of Maturities: Fair Value, 5-10 Years
0 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
$ 38 
Securities with Unrealized Losses (Detail) (USD $)
In Millions, unless otherwise specified
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
$ 4,033 
$ 2,586 
Less than twelve months, Unrealized Losses
36 
8 
Twelve months or longer, Fair Value
1,026 
5,057 
Twelve months or longer, Unrealized Losses
24 
79 
Total, Fair Value
5,059 
7,643 
Total, Unrealized Losses
60 
87 
Temporarily Impaired Securities
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
4,033 
2,517 
Less than twelve months, Unrealized Losses
36 
7 
Twelve months or longer, Fair Value
1,026 
5,057 
Twelve months or longer, Unrealized Losses
24 
79 
Total, Fair Value
5,059 
7,574 
Total, Unrealized Losses
60 
86 
Temporarily Impaired Securities |
US Treasury Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
 
150 
Less than twelve months, Unrealized Losses
 
1 
Twelve months or longer, Fair Value
 
0 
Twelve months or longer, Unrealized Losses
 
0 
Total, Fair Value
 
150 
Total, Unrealized Losses
 
1 
Temporarily Impaired Securities |
US Government Agencies Debt Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
33 
20 
Less than twelve months, Unrealized Losses
0 
0 1
Twelve months or longer, Fair Value
35 
132 
Twelve months or longer, Unrealized Losses
1 
2 
Total, Fair Value
68 
152 
Total, Unrealized Losses
1 
2 
Temporarily Impaired Securities |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
3,996 
2,347 
Less than twelve months, Unrealized Losses
35 
6 
Twelve months or longer, Fair Value
982 
4,911 
Twelve months or longer, Unrealized Losses
23 
77 
Total, Fair Value
4,978 
7,258 
Total, Unrealized Losses
58 
83 
Temporarily Impaired Securities |
Asset-backed Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
0 
0 
Less than twelve months, Unrealized Losses
0 
0 
Twelve months or longer, Fair Value
9 
14 
Twelve months or longer, Unrealized Losses
0 1
0 1
Total, Fair Value
9 
14 
Total, Unrealized Losses
0 1
0 1
Temporarily Impaired Securities |
Equity Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
4 
 
Less than twelve months, Unrealized Losses
1 
 
Twelve months or longer, Fair Value
0 
 
Twelve months or longer, Unrealized Losses
0 1
 
Total, Fair Value
4 
 
Total, Unrealized Losses
1 1
 
Other Than Temporarily Impaired Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
0 2
69 2
Less than twelve months, Unrealized Losses
0 2
1 2
Twelve months or longer, Fair Value
0 
0 
Twelve months or longer, Unrealized Losses
0 
0 
Total, Fair Value
0 2
69 2
Total, Unrealized Losses
0 2
1 2
Other Than Temporarily Impaired Securities [Member] |
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
 
69 2
Less than twelve months, Unrealized Losses
 
1 2
Twelve months or longer, Fair Value
 
0 
Twelve months or longer, Unrealized Losses
 
0 
Total, Fair Value
 
69 2
Total, Unrealized Losses
 
$ 1 2
Gross Realized Gains and Losses on Sales and OTTI on Securities Available for Sale (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Available-for-sale Securities, Gross Realized Gains
$ 11 
$ 3 
$ 25 
$ 3 
 
Available-for-sale Securities
27,270 1
 
27,270 1
 
26,770 1
Available-for-sale Securities, Gross Realized Losses
3 
(12)
(3)
(13)
 
Gain (Loss) on Sale of Securities, Net
(7)
9 
(21)
11 
 
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
 
 
Available-for-sale Securities
102 
 
102 
 
123 
Mortgage-backed Securities, Issued by Private Enterprises [Member] |
Other Than Temporarily Impaired Securities [Member]
 
 
 
 
 
Available-for-sale Securities
$ 22 
$ 19 
$ 22 
$ 19 
 
OTTI Losses on Available for Sale Securities (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Sep. 30, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held
$ 25 
$ 25 
Loans - Additional Information (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Other Real Estate
$ 62,000,000 1
 
$ 62,000,000 1
 
$ 99,000,000 1
Loans transferred from loans to loans held for sale
38,000,000 
362,000,000 
1,734,000,000 
3,183,000,000 
 
Transfer of Loans Held-for-sale to Portfolio Loans
75,000,000 
19,000,000 
726,000,000 
39,000,000 
 
Loans held for investment sold
178,000,000 
2,300,000,000 
1,994,000,000 
2,954,000,000 
 
Gain (Loss) on Sales of Loans, Net
9,000,000 
40,000,000 
22,000,000 
71,000,000 
 
Long-term Debt
8,444,000,000 2
 
8,444,000,000 2
 
13,022,000,000 2
Other Short-term Borrowings
1,077,000,000 
 
1,077,000,000 
 
5,634,000,000 
Letters of Credit Outstanding, Amount
6,200,000,000 
 
6,200,000,000 
 
7,900,000,000 
Loans held for investment
133,560,000,000 3
 
133,560,000,000 3
 
133,112,000,000 3
Accrual Loans [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Mortgage Loans in Process of Foreclosure, Amount
169,000,000 4
 
169,000,000 4
 
194,000,000 4
Financing Receivable, Modifications, Recorded Investment
2,500,000,000 
 
2,500,000,000 
 
2,500,000,000 
Accruing TDRs current
96.73% 
 
96.73% 
 
96.00% 
Nonaccrual loans [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Mortgage Loans in Process of Foreclosure, Amount
99,000,000 4
 
99,000,000 4
 
152,000,000 4
Proceeds due from FHA or VA [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Mortgage Loans in Process of Foreclosure, Amount
158,000,000 4
 
158,000,000 4
 
179,000,000 4
Other Real Estate
50,000,000 4
 
50,000,000 4
 
57,000,000 4
Federal National Mortgage Association (FNMA) Insured Loans [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Percentage of Loan Portfolio Current
32.00% 
 
32.00% 
 
28.00% 
Loans held for investment
627,000,000 
 
627,000,000 
 
632,000,000 
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Percentage of Loan Portfolio Current
81.00% 
 
81.00% 
 
79.00% 
Loans held for investment
4,588,000,000 
 
4,588,000,000 
 
4,827,000,000 
Commercial Portfolio Segment [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loans held for investment
73,302,000,000 
 
73,302,000,000 
 
73,392,000,000 
Residential Portfolio Segment [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loans held for investment
38,788,000,000 
 
38,788,000,000 
 
38,775,000,000 
Home Equity Line of Credit [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loans held for investment
13,416,000,000 5
 
13,416,000,000 5
 
14,264,000,000 5
Minimum [Member] |
Commercial Portfolio Segment [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loans And Leases Receivable Individually Evaluated For Impairment
3,000,000 
 
3,000,000 
 
 
Cross-Border Outstanding Loans
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loans and Leases Receivable, Gross, Foreign
1,400,000,000 
 
1,400,000,000 
 
1,300,000,000 
Residential Portfolio Segment [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loan subcategory as a percent of total loans
29.00% 
 
29.00% 
 
29.00% 
Government Guarantee Percent
2.00% 
 
2.00% 
 
2.00% 
Home Equity Line of Credit [Member] |
Credit Concentration Risk [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Unused Commitments to Extend Credit
10,600,000,000 
 
10,600,000,000 
 
10,900,000,000 
Mortgage Loans on Real Estate [Member] |
Credit Concentration Risk [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Unused Commitments to Extend Credit
4,000,000,000 
 
4,000,000,000 
 
3,300,000,000 
Federal Home Loan Bank Advances [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Other Short-term Borrowings
 
 
 
 
4,000,000,000 
Federal Home Loan Bank Advances [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Long-term Debt
408,000,000 
 
408,000,000 
 
4,000,000,000 
Federal Reserve Bank Advances [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loans Pledged as Collateral
23,300,000,000 
 
23,300,000,000 
 
26,500,000,000 
Line of Credit Facility, Remaining Borrowing Capacity
17,000,000,000 
 
17,000,000,000 
 
18,400,000,000 
Federal Home Loan Bank Advances [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Loans Pledged as Collateral
32,000,000,000 
 
32,000,000,000 
 
31,200,000,000 
Line of Credit Facility, Remaining Borrowing Capacity
26,200,000,000 
 
26,200,000,000 
 
24,300,000,000 
Foreclosed [Member] |
Commercial Portfolio Segment [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Other Real Estate
8,000,000 1
 
8,000,000 1
 
16,000,000 1
Foreclosed [Member] |
Residential Portfolio Segment [Member]
 
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
 
Other Real Estate
$ 50,000,000 1
 
$ 50,000,000 1
 
$ 75,000,000 1
Composition of the Company's Loan Portfolio (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 133,560 1
$ 133,112 1
Loans Held for Sale
2,032 2
3,232 2
Commercial and Industrial Sector [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
65,371 
65,440 
Commercial Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
73,302 
73,392 
Residential Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
38,788 
38,775 
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
4,588 
4,827 
Consumer Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
21,470 
20,945 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
6,168 
6,741 
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,763 
1,211 
Federal National Mortgage Association (FNMA) Insured Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
627 
632 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
24,351 3 4
23,443 3 4
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
13,416 3
14,264 3
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
394 3
436 3
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,771 5
4,573 5
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
10,119 5
10,644 5
Credit Card Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 992 5
$ 901 5
Composition of the Company's Loan Portfolio (Additional Information) (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Current Weighted Average FICO Score on Mortgages With Potential Concentration of Credit Risk
744 
738 
Loans Receivable, Fair Value Disclosure
$ 262 
$ 272 
Loans Held-for-sale, Fair Value Disclosure
1,883 
1,892 
Residential Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
$ 262 
$ 272 
LHFI by Credit Quality Indicator (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 133,560 1
$ 133,112 1
Financing Receivable, Recorded Investment, Nonaccrual Status
463 2 3
634 2 3
Commercial and Industrial Sector [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
65,371 
65,440 
Financing Receivable, Recorded Investment, Nonaccrual Status
122 
151 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
6,168 
6,741 
Financing Receivable, Recorded Investment, Nonaccrual Status
15 
21 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
6,168 
6,741 
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,763 
1,211 
Financing Receivable, Recorded Investment, Nonaccrual Status
1 
1 
Federal National Mortgage Association (FNMA) Insured Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
627 
632 
Financing Receivable, Recorded Investment, Nonaccrual Status
0 
0 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
24,351 4 5
23,443 4 5
Financing Receivable, Recorded Investment, Nonaccrual Status
156 
254 
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
13,416 4
14,264 4
Financing Receivable, Recorded Investment, Nonaccrual Status
146 
174 
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
394 4
436 4
Financing Receivable, Recorded Investment, Nonaccrual Status
16 
27 
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
4,588 
4,827 
Financing Receivable, Recorded Investment, Nonaccrual Status
0 
0 
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,771 6
4,573 6
Financing Receivable, Recorded Investment, Nonaccrual Status
4 
6 
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
10,119 6
10,644 6
Financing Receivable, Recorded Investment, Nonaccrual Status
3 
0 
Credit Card Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
992 6
901 6
Financing Receivable, Recorded Investment, Nonaccrual Status
0 
0 
Pass |
Commercial and Industrial Sector [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
63,826 
64,228 
Pass |
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
6,033 
6,586 
Pass |
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,739 
1,196 
Criticized Accruing |
Commercial and Industrial Sector [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,423 
1,061 
Criticized Accruing |
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
120 
134 
Criticized Accruing |
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
23 
14 
FICO Score 700 and Above [Member] |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
19,936 4
18,780 4
FICO Score 700 and Above [Member] |
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
10,897 4
11,475 4
FICO Score 700 and Above [Member] |
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
321 4
347 4
FICO Score 700 and Above [Member] |
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,180 6
4,023 6
FICO Score 700 and Above [Member] |
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
7,053 6
7,661 6
FICO Score 700 and Above [Member] |
Credit Card Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
690 6
639 6
FICO Score Between 620 and 699 |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
3,330 4
3,369 4
FICO Score Between 620 and 699 |
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,827 4
1,991 4
FICO Score Between 620 and 699 |
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
59 4
70 4
FICO Score Between 620 and 699 |
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
536 6
476 6
FICO Score Between 620 and 699 |
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
2,426 6
2,335 6
FICO Score Between 620 and 699 |
Credit Card Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
245 6
212 6
FICO Score Below 620 |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,085 4 7
1,294 4 7
FICO Score Below 620 |
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
692 4 7
798 4 7
FICO Score Below 620 |
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
14 4 7
19 4 7
FICO Score Below 620 |
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
55 6 7
74 6 7
FICO Score Below 620 |
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
640 6 7
648 6 7
FICO Score Below 620 |
Credit Card Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 57 6 7
$ 50 6 7
LHFI by Credit Quality Indicator (Additional Information) (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans and Leases Receivable, Gross
$ 133,560 1
$ 133,112 1
Federal National Mortgage Association (FNMA) Insured Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans and Leases Receivable, Gross
627 
632 
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans and Leases Receivable, Gross
$ 4,588 
$ 4,827 
Payment Status for the LHFI Portfolio (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
$ 131,381 
$ 130,575 
Accruing 30-89 Days Past Due
811 
846 
Accruing 90+ Days Past Due
905 
1,057 
Nonaccruing
463 1 2
634 1 2
Total
133,560 3
133,112 3
Commercial and Industrial Sector [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
65,148 
65,246 
Accruing 30-89 Days Past Due
89 
36 
Accruing 90+ Days Past Due
12 
7 
Nonaccruing
122 
151 
Total
65,371 
65,440 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
6,150 
6,716 
Accruing 30-89 Days Past Due
2 
3 
Accruing 90+ Days Past Due
1 
1 
Nonaccruing
15 
21 
Total
6,168 
6,741 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Total
6,168 
6,741 
Commercial Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
73,060 
73,171 
Accruing 30-89 Days Past Due
91 
40 
Accruing 90+ Days Past Due
13 
8 
Nonaccruing
138 2
173 2
Total
73,302 
73,392 
Federal National Mortgage Association (FNMA) Insured Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
200 
176 
Accruing 30-89 Days Past Due
51 
34 
Accruing 90+ Days Past Due
376 
422 
Nonaccruing
0 
0 
Total
627 
632 
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
1,762 
1,209 
Accruing 30-89 Days Past Due
0 
1 
Accruing 90+ Days Past Due
0 
0 
Nonaccruing
1 
1 
Total
1,763 
1,211 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
24,081 4
23,067 4
Accruing 30-89 Days Past Due
105 4
108 4
Accruing 90+ Days Past Due
9 4
14 4
Nonaccruing
156 
254 
Total
24,351 4 5
23,443 4 5
Residential Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
37,845 
37,634 
Accruing 30-89 Days Past Due
240 
250 
Accruing 90+ Days Past Due
385 
436 
Nonaccruing
318 2
455 2
Total
38,788 
38,775 
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
13,189 
13,989 
Accruing 30-89 Days Past Due
81 
101 
Accruing 90+ Days Past Due
0 
0 
Nonaccruing
146 
174 
Total
13,416 5
14,264 5
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
375 
402 
Accruing 30-89 Days Past Due
3 
7 
Accruing 90+ Days Past Due
0 
0 
Nonaccruing
16 
27 
Total
394 5
436 5
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
3,724 
3,801 
Accruing 30-89 Days Past Due
367 
425 
Accruing 90+ Days Past Due
497 
601 
Nonaccruing
0 
0 
Total
4,588 
4,827 
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
5,742 
4,545 
Accruing 30-89 Days Past Due
22 
19 
Accruing 90+ Days Past Due
3 
3 
Nonaccruing
4 
6 
Total
5,771 6
4,573 6
Consumer Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
20,476 
19,770 
Accruing 30-89 Days Past Due
480 
556 
Accruing 90+ Days Past Due
507 
613 
Nonaccruing
7 2
6 2
Total
21,470 
20,945 
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
10,032 
10,537 
Accruing 30-89 Days Past Due
83 
104 
Accruing 90+ Days Past Due
1 
3 
Nonaccruing
3 
0 
Total
10,119 6
10,644 6
Credit Card Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
978 
887 
Accruing 30-89 Days Past Due
8 
8 
Accruing 90+ Days Past Due
6 
6 
Nonaccruing
0 
0 
Total
$ 992 6
$ 901 6
Payment Status for the LHFI Portfolio (Additional Information) (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
$ 262 
$ 272 
Nonaccruing 90 Plus Days Past Due
278 
388 
Residential Portfolio Segment [Member]
 
 
Financing Receivable, Impaired [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
$ 262 
$ 272 
LHFI Considered Impaired (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
$ 269 
 
$ 269 
 
$ 319 
Impaired Financing Receivable, Unpaid Principal Balance
2,975 
 
2,975 
 
3,108 
Impaired Financing Receivable, Recorded Investment
2,690 1
 
2,690 1
 
2,781 1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
2,708 
3,042 
2,737 
3,023 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
31 2
33 2
96 2
106 2
 
Commercial and Industrial Sector [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
59 
 
59 
 
70 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
49 1
 
49 1
 
51 1
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
7 
 
7 
 
7 
Impaired Financing Receivable, Unpaid Principal Balance
14 
 
14 
 
27 
Impaired Financing Receivable, Recorded Investment
12 1
 
12 1
 
26 1
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
51 
65 
53 
68 
 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
0 2
0 
1 2
1 2
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
20 
45 
23 
46 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
0 
0 
1 2
1 2
 
Commercial Portfolio Segment [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
70 
 
70 
 
82 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
58 1
 
58 1
 
62 1
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
7 
 
7 
 
11 
Impaired Financing Receivable, Unpaid Principal Balance
14 
 
14 
 
31 
Impaired Financing Receivable, Recorded Investment
12 1
 
12 1
 
30 1
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
60 
80 
63 
84 
 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
0 2
0 
1 2
1 2
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
20 
55 
23 
55 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
0 
0 
1 2
1 2
 
Residential Portfolio Segment [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
455 
 
455 
 
623 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
335 1
 
335 1
 
434 1
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
255 
 
255 
 
300 
Impaired Financing Receivable, Unpaid Principal Balance
2,288 
 
2,288 
 
2,229 
Impaired Financing Receivable, Recorded Investment
2,156 1
 
2,156 1
 
2,129 1
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
339 
468 
346 
482 
 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
4 2
5 2
11 2
14 2
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
2,157 
2,299 
2,167 
2,267 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
26 2
27 2
79 2
85 2
 
Consumer Portfolio Segment [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
7 
 
7 
 
8 
Impaired Financing Receivable, Unpaid Principal Balance
148 
 
148 
 
143 
Impaired Financing Receivable, Recorded Investment
129 1
 
129 1
 
126 1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
132 
140 
138 
135 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
1 2
1 2
4 2
5 2
 
Commercial Real Estate [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
11 
 
11 
 
12 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
9 1
 
9 1
 
11 1
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
0 
 
0 
 
4 
Impaired Financing Receivable, Unpaid Principal Balance
0 
 
0 
 
4 
Impaired Financing Receivable, Recorded Investment
0 
 
0 
 
4 1
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
9 
15 
10 
16 
 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
0 
0 
0 
0 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
0 
10 
0 
9 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
0 
0 
0 
0 
 
Residential Nonguaranteed [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
431 
 
431 
 
592 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
326 1
 
326 1
 
425 1
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
181 
 
181 
 
215 
Impaired Financing Receivable, Unpaid Principal Balance
1,451 
 
1,451 
 
1,381 
Impaired Financing Receivable, Recorded Investment
1,395 1
 
1,395 1
 
1,354 1
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
330 
454 
335 
467 
 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
4 2
5 2
11 2
14 2
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
1,393 
1,467 
1,396 
1,443 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
17 2
18 2
52 2
59 2
 
Home Equity Line of Credit [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
60 
 
60 
 
66 
Impaired Financing Receivable, Unpaid Principal Balance
709 
 
709 
 
703 
Impaired Financing Receivable, Recorded Investment
637 1
 
637 1
 
630 1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
640 
668 
646 
662 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
7 2
7 2
21 2
20 2
 
Residential Construction [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
24 
 
24 
 
31 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
9 1
 
9 1
 
9 1
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
14 
 
14 
 
19 
Impaired Financing Receivable, Unpaid Principal Balance
128 
 
128 
 
145 
Impaired Financing Receivable, Recorded Investment
124 1
 
124 1
 
145 1
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
9 
14 
11 
15 
 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
0 
0 
0 
0 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
124 
164 
125 
162 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
2 2
2 2
6 2
6 2
 
Consumer Other Direct [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
1 
 
1 
 
1 
Impaired Financing Receivable, Unpaid Principal Balance
11 
 
11 
 
13 
Impaired Financing Receivable, Recorded Investment
11 1
 
11 1
 
13 1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
12 
14 
12 
14 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
0 
0 
0 
0 
 
Consumer Indirect [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
5 
 
5 
 
5 
Impaired Financing Receivable, Unpaid Principal Balance
113 
 
113 
 
105 
Impaired Financing Receivable, Recorded Investment
112 1
 
112 1
 
105 1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
114 
116 
119 
110 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
1 2
1 2
4 2
4 2
 
Credit Card Receivable [Member]
 
 
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
 
 
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
1 
 
1 
 
2 
Impaired Financing Receivable, Unpaid Principal Balance
24 
 
24 
 
25 
Impaired Financing Receivable, Recorded Investment
6 1
 
6 1
 
8 1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
6 
10 
7 
11 
 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
$ 0 
$ 0 
$ 0 
$ 1 2
 
LHFI Considered Impaired (Additional Information) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Financing Receivable, Impaired [Line Items]
 
 
 
 
Impaired Financing Receivable, Interest Income, Cash Basis Method
$ 1 
$ 1 
$ 3 
$ 2 
Nonperforming Assets (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Nonaccruing
$ 463 1 2
$ 634 1 2
OREO
62 3
99 3
Other repossessed assets
7 
9 
Loans Held-for-sale, Other
0 
38 
Total nonperforming assets
532 
780 
Commercial and Industrial Sector [Member]
 
 
Nonaccruing
122 
151 
Commercial Real Estate [Member]
 
 
Nonaccruing
15 
21 
Commercial Construction [Member]
 
 
Nonaccruing
1 
1 
Residential Nonguaranteed [Member]
 
 
Nonaccruing
156 
254 
Home Equity Line of Credit [Member]
 
 
Nonaccruing
146 
174 
Residential Construction [Member]
 
 
Nonaccruing
16 
27 
Consumer Other Direct [Member]
 
 
Nonaccruing
4 
6 
Consumer Indirect [Member]
 
 
Nonaccruing
$ 3 
$ 0 
Loans TDR Modifications (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
contracts
Sep. 30, 2014
contracts
Sep. 30, 2015
contracts
Sep. 30, 2014
contracts
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
1,396 1
1,575 1
4,674 1
5,030 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
$ 3 1 2
$ 2 1 3
$ 10 1 2
$ 11 1 3
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
40 1
28 1
118 1
114 1
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
44 1
50 1
127 1
166 1
Financing Receivable, Amount Restructured During Period
87 1
80 1
255 1
291 1
Commercial and Industrial Sector [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
18 1
23 1
63 1
66 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
0 
0 
1 1
0 
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
0 
8 1
5 1
22 1
Financing Receivable, Amount Restructured During Period
0 
8 1
6 1
22 1
Credit Card Receivable [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
157 1
123 1
529 1
350 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
1 1
1 1
2 1
2 1
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period
1 1
1 1
2 1
2 1
Commercial Real Estate [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
 
 
1 1
4 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
 
 
0 
3 1 3
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
 
 
0 
0 
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
 
 
0 
3 1
Financing Receivable, Amount Restructured During Period
 
 
0 
6 1
Residential Nonguaranteed [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
175 1
266 1
632 1
944 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
3 1 2
2 1 3
10 1 2
8 1 3
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
32 1
26 1
95 1
105 1
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
10 1
8 1
20 1
38 1
Financing Receivable, Amount Restructured During Period
45 1
36 1
125 1
151 1
Home Equity Line of Credit [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
419 1
503 1
1,386 1
1,407 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
7 1
1 1
20 1
6 1
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
21 1
22 1
62 1
59 1
Financing Receivable, Amount Restructured During Period
28 1
23 1
82 1
65 1
Residential Construction [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
6 1
1 1
17 1
11 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
0 
0 
0 
1 1
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period
0 
0 
0 
1 1
Consumer Other Direct [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
10 1
21 1
47 1
59 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
0 
0 
1 1
1 1
Financing Receivable, Amount Restructured During Period
0 
0 
1 1
1 1
Consumer Indirect [Member]
 
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
611 1
638 1
1,999 1
2,189 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
0 
0 
0 
0 
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
13 1
12 1
39 1
43 1
Financing Receivable, Amount Restructured During Period
$ 13 1
$ 12 1
$ 39 1
$ 43 1
Loans Troubled Debt Restructurings (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
contracts
Sep. 30, 2014
contracts
Sep. 30, 2015
contracts
Sep. 30, 2014
contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
142 
212 
366 
578 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
$ 5 
$ 10 
$ 18 
$ 30 
Commercial and Industrial Sector [Member]
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
13 
30 
25 
77 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
0 
3 
1 
8 
Residential Nonguaranteed [Member]
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
25 
46 
80 
135 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
3 
6 
12 
16 
Home Equity Line of Credit [Member]
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
33 
28 
95 
75 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
2 
1 
4 
4 
Residential Construction [Member]
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
 
0 
 
6 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
 
0 
 
0 
Consumer Other Direct [Member]
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
2 
3 
3 
8 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
0 
0 
0 
0 
Consumer Indirect [Member]
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
47 
45 
118 
134 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
0 
0 
1 
1 
Credit Card Receivable [Member]
 
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
22 
60 
45 
143 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
$ 0 
$ 0 
$ 0 
$ 1 
Loans Mortgages With Potential Concentration of Credit Risk (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Fair Value, Concentration of Risk, Loans Receivable
$ 10,666 
$ 11,421 
Current Weighted Average FICO Score on Mortgages With Potential Concentration of Credit Risk
744 
738 
Residential Mortgage Amortizing Loans [Member] |
Mortgages With LTV Ratio Greater Than 80% and/or second liens [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Fair Value, Concentration of Risk, Loans Receivable
8,154 1
7,368 1
Residential Mortgage Interest Only Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Fair Value, Concentration of Risk, Loans Receivable
2,512 2
4,053 2
Residential Mortgage Interest Only Loans [Member] |
Mortgages With Mortgage Insurance or With LTV Ratio Less Than or Equal to 80% [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Fair Value, Concentration of Risk, Loans Receivable
1,892 2
3,180 2
Residential Mortgage Interest Only Loans [Member] |
Mortgages With No Mortgage Insurance and With LTV Ratio Greater Than 80% [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Fair Value, Concentration of Risk, Loans Receivable
$ 620 2
$ 873 2
Activity in the Allowance for Credit Losses (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Dec. 31, 2013
Components:
 
 
 
 
 
 
 
 
Balance at beginning of period
$ 1,886 
$ 2,046 
$ 1,991 
$ 2,094 
 
 
 
 
Provision for loan losses
23 
93 
107 
275 
 
 
 
 
Provision for Other Credit Losses
(9)
0 
(7)
7 
 
 
 
 
Allowance for Loan and Lease Losses, Write-offs
(102)
(164)
(356)
(473)
 
 
 
 
Loan recoveries
31 
36 
98 
122 
 
 
 
 
Balance at end of period
1,847 
2,011 
1,847 
2,011 
 
 
 
 
Loans and Leases Receivable, Allowance
1,786 
1,968 
1,786 
1,968 
1,834 
1,937 
2,003 
2,044 
Unfunded commitments reserve
61 1
43 1
61 1
43 1
 
 
 
 
Allowance for credit losses
$ 1,847 
$ 2,011 
$ 1,847 
$ 2,011 
 
 
 
 
Activity in the ALLL by segment (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
 
Balance at beginning of period
$ 1,834 
$ 2,003 
$ 1,937 
$ 2,044 
Provision for loan losses
23 
93 
107 
275 
Allowance for Loan and Lease Losses, Write-offs
(102)
(164)
(356)
(473)
Loan recoveries
31 
36 
98 
122 
Balance at end of period
1,786 
1,968 
1,786 
1,968 
Commercial Portfolio Segment [Member]
 
 
 
 
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
 
Balance at beginning of period
993 
958 
986 
946 
Provision for loan losses
33 
25 
74 
82 
Allowance for Loan and Lease Losses, Write-offs
(23)
(26)
(82)
(97)
Loan recoveries
10 
14 
35 
40 
Balance at end of period
1,013 
971 
1,013 
971 
Residential Portfolio Segment [Member]
 
 
 
 
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
 
Balance at beginning of period
676 
875 
777 
930 
Provision for loan losses
(39)
34 
(30)
114 
Allowance for Loan and Lease Losses, Write-offs
(47)
(104)
(177)
(279)
Loan recoveries
11 
12 
31 
52 
Balance at end of period
601 
817 
601 
817 
Consumer Portfolio Segment [Member]
 
 
 
 
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
 
Balance at beginning of period
165 
170 
174 
168 
Provision for loan losses
29 
34 
63 
79 
Allowance for Loan and Lease Losses, Write-offs
(32)
(34)
(97)
(97)
Loan recoveries
10 
10 
32 
30 
Balance at end of period
$ 172 
$ 180 
$ 172 
$ 180 
Goodwill and Intangible Assets - Additional Information (Details) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Sep. 30, 2015
Asset-backed Securities, Securitized Loans and Receivables [Member]
Dec. 31, 2014
Asset-backed Securities, Securitized Loans and Receivables [Member]
Sep. 30, 2015
Mortgage Servicing Rights, Fair Value [Member]
Sep. 30, 2014
Mortgage Servicing Rights, Fair Value [Member]
Sep. 30, 2015
Mortgage Servicing Rights, Fair Value [Member]
Sep. 30, 2014
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2014
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2013
Mortgage Servicing Rights, Fair Value [Member]
Sep. 30, 2015
indirect auto loan servicing rights [Member]
Sep. 30, 2014
indirect auto loan servicing rights [Member]
Sep. 30, 2015
indirect auto loan servicing rights [Member]
Sep. 30, 2014
indirect auto loan servicing rights [Member]
Jun. 30, 2015
indirect auto loan servicing rights [Member]
Sep. 30, 2015
Consumer Portfolio Segment [Member]
Asset-backed Securities, Securitized Loans and Receivables [Member]
Dec. 31, 2014
Consumer Portfolio Segment [Member]
Asset-backed Securities, Securitized Loans and Receivables [Member]
Bank Servicing Fees
$ 40,000,000 
$ 44,000,000 
$ 113,000,000 
$ 143,000,000 
 
 
 
$ 89,000,000 
$ 81,000,000 
$ 254,000,000 
$ 241,000,000 
 
 
$ 2,000,000 
$ 0 
$ 3,000,000 
$ 0 
 
 
 
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement
256,461,000,000 1
 
256,461,000,000 1
 
248,646,000,000 1
118,663,000,000 1
110,591,000,000 1
149,200,000,000 
 
149,200,000,000 
 
142,100,000,000 
 
 
 
 
 
 
889,000,000 1
0 1
Principal Amount Outstanding of Loans Serviced For Third Parties
 
 
 
 
 
 
 
122,000,000,000 
 
122,000,000,000 
 
115,500,000,000 
 
 
 
 
 
 
 
 
Unpaid Principal Balance of Outstanding Underlying MSRs Purchased
 
 
 
 
 
 
 
 
 
10,300,000,000 
9,000,000,000 
 
 
 
 
 
 
 
 
 
Unpaid Principal Balance of Outstanding Underlying MSRs Transferred
 
 
 
 
 
 
 
 
 
10,300,000,000 
 
 
 
 
 
 
 
 
 
 
Principal Amount Sold on Loans Serviced for Third Parties
 
 
 
 
 
 
 
 
 
590,000,000 
612,000,000 
 
 
 
 
 
 
 
 
 
Proceeds from Securitizations of Consumer Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,000,000,000 
 
Servicing Asset
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
13,000,000 
 
 
Servicing Asset at Fair Value, Amount
1,262,000,000 
 
1,262,000,000 
 
1,206,000,000 
 
 
1,262,000,000 
1,305,000,000 
1,262,000,000 
1,305,000,000 
1,206,000,000 
1,300,000,000 
11,000,000 
 
11,000,000 
 
 
 
 
Servicing Asset at Amortized Cost
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 11,000,000 
 
$ 11,000,000 
 
 
 
 
Goodwill and Other Intangible Assets - Changes in the Carrying Amount of Goodwill by Reportable Segment (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2014
Sep. 30, 2015
Dec. 31, 2014
Goodwill [Line Items]
 
 
 
 
Goodwill
 
$ 6,369 
$ 6,337 
$ 6,337 
Goodwill, Transfers
 
8 
 
 
Goodwill, Written off Related to Sale of Business Unit
40 
 
 
 
Goodwill
6,337 
6,337 
6,337 
6,337 
Consumer Banking and Private Wealth Management [Member]
 
 
 
 
Goodwill [Line Items]
 
 
 
 
Goodwill
 
4,262 
 
 
Goodwill, Transfers
 
0 
 
 
Goodwill, Written off Related to Sale of Business Unit
0 
 
 
 
Goodwill
4,262 
4,262 
 
 
Wholesale Banking [Member]
 
 
 
 
Goodwill [Line Items]
 
 
 
 
Goodwill
 
2,107 
 
 
Goodwill, Transfers
 
8 
 
 
Goodwill, Written off Related to Sale of Business Unit
40 
 
 
 
Goodwill
$ 2,075 
$ 2,075 
 
 
Goodwill and Other Intangible Assets - Changes in the Carrying Amounts of Other Intangible Assets (Detail) (USD $)
9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Sep. 30, 2015
indirect auto loan servicing rights [Member]
Jun. 30, 2015
indirect auto loan servicing rights [Member]
Sep. 30, 2015
Mortgage Servicing Rights, Fair Value [Member]
Sep. 30, 2014
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2014
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2013
Mortgage Servicing Rights, Fair Value [Member]
Sep. 30, 2015
Other Intangible Assets [Member]
Sep. 30, 2014
Other Intangible Assets [Member]
Dec. 31, 2014
Other Intangible Assets [Member]
Dec. 31, 2013
Other Intangible Assets [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement
$ 256,461,000,000 1
 
$ 248,646,000,000 1
 
 
 
$ 149,200,000,000 
 
$ 142,100,000,000 
 
 
 
 
 
Servicing Asset
 
 
 
 
 
13,000,000 
 
 
 
 
 
 
 
 
Servicing Asset at Fair Value, Amount
1,262,000,000 
 
1,206,000,000 
 
11,000,000 
 
1,262,000,000 
1,305,000,000 
1,206,000,000 
1,300,000,000 
 
 
 
 
Intangible Assets, Net (Excluding Goodwill)
1,282,000,000 
1,320,000,000 
1,219,000,000 
1,334,000,000 
 
 
 
 
 
 
20,000,000 
15,000,000 
13,000,000 
34,000,000 
Amortization
(6,000,000)2
(10,000,000)2
 
 
 
 
0 
0 
 
 
(6,000,000)2
(10,000,000)2
 
 
Origination of Mortgage Servicing Rights (MSRs)
198,000,000 
137,000,000 
 
 
 
 
185,000,000 
137,000,000 
 
 
13,000,000 
0 
 
 
Servicing Assets at Fair Value, Purchased
109,000,000 
109,000,000 
 
 
 
 
109,000,000 
109,000,000 
 
 
0 
0 
 
 
Due to changes in inputs or assumptions
(74,000,000)3
(117,000,000)3
 
 
 
 
(74,000,000)2
(117,000,000)3
 
 
0 
0 
 
 
Servicing Asset at Fair Value, Other Changes in Fair Value
(161,000,000)4
(123,000,000)4
 
 
 
 
(161,000,000)4
(123,000,000)4
 
 
0 
0 
 
 
Servicing Asset at Fair Value, Disposals
(3,000,000)
(1,000,000)
 
 
 
 
(3,000,000)
(1,000,000)
 
 
0 
0 
 
 
Intangible Assets, Written off Related to Sale of Business Unit
 
(9,000,000)
 
 
 
 
 
0 
 
 
 
(9,000,000)
 
 
Principal Amount Outstanding of Loans Serviced For Third Parties
 
 
 
 
 
 
122,000,000,000 
 
115,500,000,000 
 
 
 
 
 
Unpaid Principal Balance of Outstanding Underlying MSRs Purchased
 
 
 
 
 
 
10,300,000,000 
9,000,000,000 
 
 
 
 
 
 
Principal Amount Sold on Loans Serviced for Third Parties
 
 
 
 
 
 
$ 590,000,000 
$ 612,000,000 
 
 
 
 
 
 
Goodwill and Other Intangible Assets - Summary of the Key Characteristics, Inputs, and Economic Assumptions Used to Estimate the Fair Value of the Company's MSRs (Detail) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Document Period End Date
 
 
Sep. 30, 2015 
 
 
 
Servicing Asset at Fair Value, Amount
$ 1,262,000,000 
 
$ 1,262,000,000 
 
$ 1,206,000,000 
 
Bank Servicing Fees
40,000,000 
44,000,000 
113,000,000 
143,000,000 
 
 
Mortgage Servicing Rights, Fair Value [Member]
 
 
 
 
 
 
Prepayment rate assumption (annual)
 
 
11.00% 
11.00% 
 
 
Decline in fair value from 10% adverse change
51,000,000 
 
51,000,000 
 
46,000,000 
 
Decline in fair value from 20% adverse change
98,000,000 
 
98,000,000 
 
88,000,000 
 
Discount rate (annual)
 
 
8.00% 
10.00% 
 
 
Decline in fair value from 10% adverse change
55,000,000 
 
55,000,000 
 
55,000,000 
 
Decline in fair value from 20% adverse change
105,000,000 
 
105,000,000 
 
105,000,000 
 
Weighted-average life (in years)
 
 
6 years 5 months 
6 years 5 months 
 
 
Weighted-average coupon
 
 
4.10% 
4.20% 
 
 
indirect auto loan servicing rights [Member]
 
 
 
 
 
 
Servicing Asset at Fair Value, Amount
11,000,000 
 
11,000,000 
 
 
 
Bank Servicing Fees
2,000,000 
0 
3,000,000 
0 
 
 
Servicing Asset at Fair Value, Amount
(11,000,000)
 
(11,000,000)
 
 
 
Mortgage Servicing Rights, Fair Value [Member]
 
 
 
 
 
 
Servicing Asset at Fair Value, Amount
1,262,000,000 
1,305,000,000 
1,262,000,000 
1,305,000,000 
1,206,000,000 
1,300,000,000 
Bank Servicing Fees
89,000,000 
81,000,000 
254,000,000 
241,000,000 
 
 
Unpaid Principal Balance of Outstanding Underlying MSRs Transferred
 
 
$ 10,300,000,000 
 
 
 
Certain Transfers of Financial Assets and Variable Interest Entities - Additional Information (Detail) (USD $)
3 Months Ended 9 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Sep. 30, 2015
Affordable Housing Investment [Member]
Sep. 30, 2015
Variable Interest Entity, Not Primary Beneficiary [Member]
Community Development Investments [Member]
Sep. 30, 2014
Variable Interest Entity, Not Primary Beneficiary [Member]
Community Development Investments [Member]
Sep. 30, 2015
Variable Interest Entity, Not Primary Beneficiary [Member]
Community Development Investments [Member]
Sep. 30, 2014
Variable Interest Entity, Not Primary Beneficiary [Member]
Community Development Investments [Member]
Sep. 30, 2015
Variable Interest Entity, Primary Beneficiary [Member]
Dec. 31, 2014
Variable Interest Entity, Primary Beneficiary [Member]
Sep. 30, 2015
Residential Mortgage [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2014
Residential Mortgage [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2015
Residential Mortgage [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2014
Residential Mortgage [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Dec. 31, 2014
Residential Mortgage [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2015
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Dec. 31, 2014
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2015
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Preference Shares [Member]
Dec. 31, 2014
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Preference Shares [Member]
Sep. 30, 2015
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Senior Subordinated Notes [Member]
Dec. 31, 2014
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Senior Subordinated Notes [Member]
Sep. 30, 2015
Student Loans [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Dec. 31, 2014
Student Loans [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Sep. 30, 2015
Student Loans [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Maximum [Member]
Dec. 31, 2014
Student Loans [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Maximum [Member]
Sep. 30, 2015
Total Return Swap
Variable Interest Entity, Not Primary Beneficiary [Member]
Dec. 31, 2014
Total Return Swap
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2015
Community Development Investments [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Dec. 31, 2014
Community Development Investments [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2015
Limited Partner [Member]
Community Development Investments [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Dec. 31, 2014
Limited Partner [Member]
Community Development Investments [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2015
Affordable Housing [Member]
Sep. 30, 2015
Affordable Housing [Member]
Sep. 30, 2014
Other Expense [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Community Development Investments [Member]
Sep. 30, 2014
Other Expense [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Community Development Investments [Member]
Sep. 30, 2015
Consumer Portfolio Segment [Member]
Asset-backed Securities, Securitized Loans and Receivables [Member]
Jun. 1, 2015
Consumer Portfolio Segment [Member]
Asset-backed Securities, Securitized Loans and Receivables [Member]
Cash Flows Between Transferor and Transferee, Receipts on Transferor's Interest in Transferred Financial Assets, Other
$ 6,000,000 
$ 2,000,000 
$ 14,000,000 
$ 14,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and Leases Receivable, Gain (Loss) on Sales, Net
 
 
 
 
 
 
 
 
 
 
 
 
48,000,000 
50,000,000 
171,000,000 
155,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Transferor's Interests in Transferred Financial Assets, Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
43,000,000 
 
43,000,000 
 
55,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt
8,444,000,000 1
 
8,444,000,000 1
 
13,022,000,000 1
 
 
 
 
 
270,000,000 
302,000,000 
 
 
 
 
 
 
 
 
 
 
 
270,000,000 
302,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities
163,372,000,000 
 
163,372,000,000 
 
167,323,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
541,000,000 
654,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
187,036,000,000 
 
187,036,000,000 
 
190,328,000,000 
 
 
 
 
 
 
 
251,000,000 
 
251,000,000 
 
288,000,000 
584,000,000 
704,000,000 
2,000,000 
3,000,000 
11,000,000 
18,000,000 
 
 
 
 
 
 
1,900,000,000 
1,600,000,000 
 
 
 
 
 
 
 
 
Loans Receivable, Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
273,000,000 
306,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government Guarantee Percent
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
100.00% 
   
 
 
 
 
 
 
 
 
 
 
 
 
LHFS excluded from managed loans disclosure
2,000,000,000 
 
2,000,000,000 
 
3,200,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets
6,537,000,000 2
 
6,537,000,000 2
 
6,202,000,000 2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,400,000,000 
2,300,000,000 
 
 
 
 
 
 
 
 
 
 
Derivative, Notional Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,400,000,000 
2,300,000,000 
 
 
 
 
 
 
 
 
 
 
Gains (Losses) on Sales of Investment Real Estate
 
 
 
 
 
19,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0 
(19,000,000)
 
 
 
 
Derivative Asset, Fair Value, Gross Asset
5,258,000,000 
 
5,258,000,000 
 
5,839,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative Liability, Fair Value, Gross Liability
4,930,000,000 
 
4,930,000,000 
 
5,577,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Properties sold, carrying value
 
 
 
 
 
72,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Assets
5,458,000,000 
 
5,458,000,000 
 
5,656,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
552,000,000 
363,000,000 
 
 
 
 
 
 
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
255,000,000 
236,000,000 
1,079,000,000 
910,000,000 
 
 
 
 
 
 
Loans issued by the Company to the limited partnerships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
396,000,000 
412,000,000 
 
 
 
 
 
 
Affordable Housing Tax Credits and Other Tax Benefits, Amount
18,000,000 
15,000,000 
46,000,000 
45,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization Method Qualified Affordable Housing Project Investments, Amortization
17,000,000 
14,000,000 
45,000,000 
(41,000,000)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Variable Interest Entity Borrowings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
130,000,000 
113,000,000 
 
 
 
 
 
 
 
 
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,000,000,000 
Proceeds from Securitizations of Consumer Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,000,000,000 
 
Amortization of Intangible Assets
 
 
6,000,000 3
10,000,000 3
 
 
8,000,000 
4,000,000 
18,000,000 
9,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
9,000,000 
7,000,000 
22,000,000 
14,000,000 
 
 
 
4,000,000 
 
4,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0 
5,000,000 
 
 
Other Noninterest Expense
$ 95,000,000 
$ 83,000,000 
$ 286,000,000 
$ 333,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Transfers in Which the Company has Continuing Economic Involvement (Detail) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement
$ 2,091,000,000 1
 
$ 2,091,000,000 1
 
$ 2,579,000,000 1
Cash flows on interests held
(6,000,000)
(2,000,000)
(14,000,000)
(14,000,000)
 
Other Noninterest Expense
95,000,000 
83,000,000 
286,000,000 
333,000,000 
 
Amortization
9,000,000 
7,000,000 
22,000,000 
14,000,000 
 
Community Development Investments [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
 
 
Real Estate Variable Interest Entity Borrowings
130,000,000 
 
130,000,000 
 
113,000,000 
Residential Mortgage [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
 
 
Loans and Leases Receivable, Gain (Loss) on Sales, Net
48,000,000 
50,000,000 
171,000,000 
155,000,000 
 
Transferor's Interests in Transferred Financial Assets, Fair Value
43,000,000 
 
43,000,000 
 
55,000,000 
Affordable Housing [Member]
 
 
 
 
 
Gains (Losses) on Sales of Investment Real Estate
0 
 
(19,000,000)
 
 
Affordable Housing Investment [Member]
 
 
 
 
 
Properties sold, carrying value
 
 
72,000,000 
 
 
Gains (Losses) on Sales of Investment Real Estate
 
 
19,000,000 
 
 
Residential Portfolio Segment [Member]
 
 
 
 
 
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement
$ 703,000,000 1
 
$ 703,000,000 1
 
$ 891,000,000 1
Net Income(loss) per common share - Additonal Information (Details)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
14 
15 
Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders (Detail) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net Income (Loss) Attributable to Parent
$ 537 
$ 576 
$ 1,449 
$ 1,380 
Dividends, Preferred Stock, Cash
(16)
(9)
(48)
(28)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
(2)
(4)
(5)
(9)
Net Income (Loss) Available to Common Stockholders, Basic
$ 519 
$ 563 
$ 1,396 
$ 1,343 
Average basic common shares
513,010 
527,402 
516,970 
529,429 
Stock options
2,000 
2,000 
2,000 
2,000 
Restricted stock
4,000 
4,000 
4,000 
4,000 
Weighted Average Number of Shares Outstanding, Diluted
518,677 
533,230 
522,634 
535,222 
Net income/(loss) per average common share - diluted
$ 1.00 
$ 1.06 
$ 2.67 
$ 2.51 
Earnings Per Share, Basic
$ 1.01 
$ 1.07 
$ 2.70 
$ 2.54 
Income Taxes - Additional Information (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Income Taxes Other Information [Line Items]
 
 
 
 
 
Income Tax Expense (Benefit)
$ 187 
$ 67 
$ 579 
$ 364 
 
Effective Income Tax Rate Reconciliation, Percent
26.00% 
10.00% 
29.00% 
21.00% 
 
discrete income tax benefit
(35)
(130)
 
 
 
Unrecognized Tax Benefits
152 
 
152 
 
210 
Decrease in Unrecognized Tax Benefits is Reasonably Possible
$ 65 
 
$ 65 
 
 
Stock-Based Compensation Expense Recognized in Noninterest Expense (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Stock-based compensation expense:
 
 
 
 
Stock options
$ 0 
$ 0 
$ 1 
$ 1 
Restricted Stock Expense
4 
7 
13 
21 
Phantom stock expense
5 
4 
21 
9 
Restricted stock units
7 
5 
35 
27 
Total stock-based compensation expense
16 
16 
70 
58 
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options
$ 6 
$ 6 
$ 27 
$ 22 
Defined Benefit Plan, Net Periodic Benefit Cost (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Pension Plans, Defined Benefit
 
 
 
 
Defined Benefit Plan, Service Cost
$ 2 1
$ 2 1
$ 4 1
$ 4 1
Defined Benefit Plan, Interest Cost
29 
31 1
87 1
93 1
Defined Benefit Plan, Expected Return on Plan Assets
(52)1
(50)1
(155)1
(150)1
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)
0 
0 
0 
0 
Defined Benefit Plan, Amortization of Gains (Losses)
5 1
4 1
16 1
12 1
Defined Benefit Plan, Net Periodic Benefit Cost
(16)
(13)
(48)
(41)
Other Postretirement Benefit Plans, Defined Benefit
 
 
 
 
Defined Benefit Plan, Service Cost
0 
0 
0 
0 
Defined Benefit Plan, Interest Cost
1 
1 
2 
2 
Defined Benefit Plan, Expected Return on Plan Assets
(2)
(1)
(4)
(4)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)
(1)
(2)
(4)
(4)
Defined Benefit Plan, Amortization of Gains (Losses)
0 
0 
0 
0 
Other Postretirement Benefit Expense
$ (2)
$ (2)
$ (6)
$ (6)
Guarantees - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
9 Months Ended 1 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2015
Standby Letters of Credit
Dec. 31, 2014
Standby Letters of Credit
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Dec. 31, 2014
Mortgage Servicing Rights [Member]
Sep. 30, 2015
Visa Interest [Member]
Dec. 31, 2014
Visa Interest [Member]
Sep. 30, 2015
Tax Credit Sales [Member]
May 31, 2009
Derivative Financial Instruments, Liabilities [Member]
Visa Interest [Member]
May 31, 2009
Not Designated as Hedging Instrument [Member]
Derivative Financial Instruments, Liabilities [Member]
Visa Interest [Member]
Sep. 30, 2015
Non-Government Sponsored Agency [Member]
Sep. 30, 2014
Non-Government Sponsored Agency [Member]
Document Period End Date
Sep. 30, 2015 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Guarantee, Expiry Range of Tax Credits Sold, Minimum
3 years 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Maximum potential amount obligation
 
 
 
 
$ 2,900 
$ 3,000 
 
 
 
 
$ 19 
 
 
 
 
Guarantee Period of Tax Credits Sold, Maximum
15 years 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss Contingency Accrual, at Carrying Value
 
 
 
 
 
 
18 
25 
 
 
 
 
 
 
 
Business Combination, Contingent Consideration, Liability
23 
27 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number Of Shares Sold To Selected Financial Institutions
 
 
 
 
 
 
 
 
 
 
 
3.0 
3.2 
 
 
Derivative Liability, Current
 
 
 
 
 
 
 
 
6 
5 
 
 
 
 
 
Unpaid Principal Balance Of Unresolved Repurchase Requests
$ 16 1
$ 47 
$ 45 1
$ 126 
 
 
 
 
 
 
 
 
 
$ 1 
$ 3 
Guarantee, Expiry Range of Tax Credits Sold, Maximum
7 years 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Guarantees Repurchase Requests (Details) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Gurantees [Abstract]
 
 
 
 
Unpaid Principal Balance Of Unresolved Repurchase Requests
$ 16 1
$ 45 1
$ 47 
$ 126 
Unpaid Principal Balance of Repurchase Requests Received
58 
139 
 
 
Unpaid Principal Balance of Repurchase Requests Resolved by Repurchase
17 
22 
 
 
Unpaid Principal Balance of Repurchase Requests Resolved by Settlement
72 
198 
 
 
Unpaid Principal Balance of Repurchase Request Loans Resolved
$ 89 
$ 220 
 
 
Guarantees Repurchase Requests (Additional Information) (Details) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Unpaid Principal Balance of Repurchase Requests Resolved by Repurchase
$ 17 
$ 22 
 
 
Unpaid Principal Balance Of Unresolved Repurchase Requests
16 1
45 1
47 
126 
Unpaid Principal Balance of Repurchase Requests Received
58 
139 
 
 
Unpaid Principal Balance of Repurchase Requests Resolved by Settlement
72 
198 
 
 
Unpaid Principal Balance of Repurchase Request Loans Resolved
89 
220 
 
 
Pending Repurchase Requests from Non-Agency Investors
6.00% 
7.00% 
 
 
Repurchase Requests Received from Non-Agency Investors
0.60% 
0.80% 
 
 
US Government Sponsored Agency [Member]
 
 
 
 
Unpaid Principal Balance Of Unresolved Repurchase Requests
15 
42 
 
 
Non-Government Sponsored Agency [Member]
 
 
 
 
Unpaid Principal Balance Of Unresolved Repurchase Requests
$ 1 
$ 3 
 
 
Guarantees Mortgage Loans Repurchase Reserve Rollforward (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Dec. 31, 2013
Guarantees [Abstract]
 
 
 
 
 
 
 
 
Reserve For Mortgage Loan Repurchase Losses
$ 59 
$ 77 
$ 59 
$ 77 
$ 60 
$ 85 
$ 77 
$ 78 
Mortgage Repurchase Reserve, Provision for Mortgage Loan Repurchase Losses
(1)
(2)
(9)
(12)
 
 
 
 
Charge Offs For Mortgage Loan Repurchase Losses
$ 0 
$ 2 
$ 17 
$ 13 
 
 
 
 
Guarantees Repurchased Mortgage Loan (Details) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Document Period End Date
Sep. 30, 2015 
 
Repurchased mortgage loans, carrying value
$ 277 
$ 312 
Performing Financial Instruments [Member] |
Loans Held For Investment [Member]
 
 
Repurchased mortgage loans, carrying value
262 
271 
Nonperforming Financing Receivable [Member] |
Loans Held For Investment [Member]
 
 
Repurchased mortgage loans, carrying value
15 
29 
Nonperforming Financing Receivable [Member] |
Residential Mortgage, Loans Held For Sale [Member]
 
 
Repurchased mortgage loans, carrying value
$ 0 
$ 12 
Derivative Financial Instruments - Additional Information (Detail) (USD $)
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Derivative Liability, Fair Value, Gross Liability
$ 4,930,000,000 
$ 5,577,000,000 
Derivative Asset, Fair Value, Gross Asset
5,258,000,000 
5,839,000,000 
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net
211,000,000 
 
Derivative Asset, Notional Amount
140,073,000,000 
118,139,000,000 
Derivative Liability, Notional Amount
109,543,000,000 
114,144,000,000 
Netted counterparty balance [Member]
 
 
Fair Value, Concentration of Risk, Derivative Instruments, Assets
1,100,000,000 
1,100,000,000 
Derivative Asset, Fair Value of Collateral
(592,000,000)
386,000,000 
Derivative Credit Risk Valuation Adjustment, Derivative Assets
5,000,000 
7,000,000 
Derivative liability positions containing provisions conditioned on downgrades [Member]
 
 
Derivative Liability, Fair Value, Gross Liability
1,100,000,000 
1,092,000,000 
Netted counterparty balance gains [Member]
 
 
Fair Value, Concentration of Risk, Derivative Instruments, Assets
1,700,000,000 
1,500,000,000 
Additional Termination Event [Member]
 
 
Derivative Liability, Fair Value, Gross Liability
1,000,000 
 
Credit Support Annex
 
 
Derivative Liability, Fair Value, Gross Liability
1,100,000,000 
 
Collateral Already Posted, Aggregate Fair Value
1,100,000,000 
 
Additional Collateral, Aggregate Fair Value
7,000,000 
 
Credit Default Swap, Selling Protection [Member]
 
 
Maximum Term of Credit Risk Derivatives
5 years 
4 years 
Credit Derivative, Maximum Exposure, Undiscounted
150,000,000 
20,000,000 
Credit Risk Derivatives, at Fair Value, Net
1,000,000 
1,000,000 
Credit Default Swap, Buying Protection [Member]
 
 
Derivative, Notional Amount
315,000,000 
190,000,000 
Credit Risk Derivatives, at Fair Value, Net
2,000,000 
5,000,000 
Total Return Swap
 
 
Derivative Liability, Fair Value, Gross Liability
11,000,000 
14,000,000 
Collateral Already Posted, Aggregate Fair Value
462,000,000 
373,000,000 
Derivative, Notional Amount
2,400,000,000 
2,300,000,000 
Derivative Asset, Fair Value, Gross Asset
16,000,000 
19,000,000 
Financial Guarantee [Member]
 
 
Credit Derivative, Maximum Exposure, Undiscounted
73,000,000 
31,000,000 
Derivative, Lower Remaining Maturity Range
0 years 
 
Derivative, Higher Remaining Maturity Range
8 years 
 
Weighted Average of Maturities of Cash Flow Hedges
4 years 
 
Interest Rate Contract [Member] |
Cash Flow Hedging [Member]
 
 
Derivative, Lower Remaining Maturity Range
1 year 
 
Derivative, Higher Remaining Maturity Range
7 years 
 
Weighted Average of Maturities of Cash Flow Hedges
3 years 2 months 
 
Maximum [Member] |
Additional Termination Event [Member]
 
 
Derivative Liability, Fair Value, Gross Liability
$ 15,000,000 
 
Derivative Positions (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Derivative Asset, Notional Amount
$ 140,073 
$ 118,139 
Derivative Asset, Fair Value, Gross Asset
5,258 
5,839 
Derivative Liability, Notional Amount
109,543 
114,144 
Derivative Liability, Fair Value, Gross Liability
4,930 
5,577 
Derivative, Fair Value, Amount Offset Against Collateral, Net
(3,268)
(4,083)
Derivative Asset, Collateral, Obligation to Return Cash, Offset
(541)
(449)
Derivative Liability, Collateral, Right to Reclaim Cash, Offset
(1,097)
(1,032)
Derivative Assets
(1,449)1
(1,307)1
Derivative Liabilities
565 2
462 2
Other Trading [Member]
 
 
Derivative Assets
(1,449)
(1,307)
Derivative Liabilities
565 
462 
Credit Risk Contract [Member] |
Other Trading [Member]
 
 
Derivative Asset, Notional Amount
6 
4 
Derivative Liability, Notional Amount
9 3 4
4 
Not Designated as Hedging Instrument [Member]
 
 
Derivative Asset, Notional Amount
122,843 3
97,259 
Derivative Asset, Fair Value, Gross Asset
4,969 3
5,601 
Derivative Liability, Notional Amount
108,943 3
108,694 
Derivative Liability, Fair Value, Gross Liability
4,930 3
5,568 
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Mortgage Servicing Rights [Member]
 
 
Derivative Asset, Notional Amount
18,209 3
5,172 3
Derivative Asset, Fair Value, Gross Asset
285 3
163 3
Derivative Liability, Notional Amount
6,009 3
8,807 3
Derivative Liability, Fair Value, Gross Liability
159 3
30 3
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Loans [Member]
 
 
Derivative Asset, Notional Amount
2,638 3 5
1,840 3 4
Derivative Asset, Fair Value, Gross Asset
13 3 5
4 3 4
Derivative Liability, Notional Amount
4,478 3 5
4,923 3 4
Derivative Liability, Fair Value, Gross Liability
40 3 5
23 3 4
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Other Trading [Member]
 
 
Derivative Asset, Notional Amount
69,745 3 6
61,049 3 7
Derivative Asset, Fair Value, Gross Asset
2,449 3 6
2,405 3 7
Derivative Liability, Notional Amount
63,113 3 6
61,065 3 7
Derivative Liability, Fair Value, Gross Liability
2,237 3 6
2,225 3 7
Not Designated as Hedging Instrument [Member] |
Foreign Exchange Contract |
Other Trading [Member]
 
 
Derivative Asset, Notional Amount
3,634 3
2,429 3
Derivative Asset, Fair Value, Gross Asset
127 3
104 3
Derivative Liability, Notional Amount
3,303 3
2,414 3
Derivative Liability, Fair Value, Gross Liability
123 3
100 3
Not Designated as Hedging Instrument [Member] |
Credit Risk Contract [Member] |
Loans [Member]
 
 
Derivative Asset, Notional Amount
0 
0 
Derivative Asset, Fair Value, Gross Asset
0 
0 
Derivative Liability, Notional Amount
215 3
392 3
Derivative Liability, Fair Value, Gross Liability
3 3
5 3
Not Designated as Hedging Instrument [Member] |
Credit Risk Contract [Member] |
Other Trading [Member]
 
 
Derivative Asset, Notional Amount
2,568 3 8
2,282 3 9
Derivative Asset, Fair Value, Gross Asset
16 3 8
20 3 9
Derivative Liability, Notional Amount
2,735 3 8
2,452 3 9
Derivative Liability, Fair Value, Gross Liability
13 3 8
20 3 9
Not Designated as Hedging Instrument [Member] |
Equity Contract [Member] |
Other Trading [Member]
 
 
Derivative Asset, Notional Amount
22,911 3 6
21,875 3 7
Derivative Asset, Fair Value, Gross Asset
1,944 3 6
2,809 3 7
Derivative Liability, Notional Amount
28,546 3 6
28,128 3 7
Derivative Liability, Fair Value, Gross Liability
2,253 3 6
3,090 3 7
Not Designated as Hedging Instrument [Member] |
Other Contract [Member] |
Loans [Member]
 
 
Derivative Asset, Notional Amount
2,672 10 3
2,231 10 3
Derivative Asset, Fair Value, Gross Asset
38 10 3
25 10 3
Derivative Liability, Notional Amount
81 10 3
139 10 3
Derivative Liability, Fair Value, Gross Liability
6 10 3
5 10 3
Not Designated as Hedging Instrument [Member] |
Other Contract [Member] |
Other Trading [Member]
 
 
Derivative Asset, Notional Amount
466 3
381 3
Derivative Asset, Fair Value, Gross Asset
97 3
71 3
Derivative Liability, Notional Amount
463 3
374 3
Derivative Liability, Fair Value, Gross Liability
96 3
70 3
Cash Flow Hedging [Member] |
Interest Rate Contract [Member] |
Adjustable Rate Loans [Member]
 
 
Derivative Asset, Notional Amount
15,500 11
18,150 11
Derivative Asset, Fair Value, Gross Asset
262 11
208 11
Derivative Liability, Notional Amount
0 
2,850 11
Derivative Liability, Fair Value, Gross Liability
0 
8 11
Fair Value Hedging |
Interest Rate Contract [Member]
 
 
Derivative Asset, Notional Amount
1,730 12
2,730 12
Derivative Asset, Fair Value, Gross Asset
27 12
30 12
Derivative Liability, Notional Amount
600 12
2,600 12
Derivative Liability, Fair Value, Gross Liability
0 
1 12
Fair Value Hedging |
Interest Rate Contract [Member] |
Fixed Income Interest Rate [Member]
 
 
Derivative Asset, Notional Amount
1,700 12
2,700 12
Derivative Asset, Fair Value, Gross Asset
27 12
30 12
Derivative Liability, Notional Amount
600 12
2,600 12
Derivative Liability, Fair Value, Gross Liability
0 
1 12
Fair Value Hedging |
Interest Rate Contract [Member] |
Brokered Deposits [Member]
 
 
Derivative Asset, Notional Amount
30 12
30 12
Derivative Asset, Fair Value, Gross Asset
0 
0 
Derivative Liability, Notional Amount
0 
0 
Derivative Liability, Fair Value, Gross Liability
0 
0 
Interest rate futures [Member] |
Interest Rate Contract [Member] |
Loans [Member]
 
 
Derivative Asset, Notional Amount
848 3 4
 
Derivative Liability, Notional Amount
 
791 3 4
Interest rate futures [Member] |
Interest Rate Contract [Member] |
Other Trading [Member]
 
 
Derivative Asset, Notional Amount
$ 12,700 
$ 10,300 
Derivative Positions (Additional Information) (Detail) (USD $)
In Millions, unless otherwise specified
1 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2015
Other Trading [Member]
Credit Risk Contract [Member]
Dec. 31, 2014
Other Trading [Member]
Credit Risk Contract [Member]
May 31, 2009
Derivative Financial Instruments, Liabilities [Member]
Visa Interest [Member]
Sep. 30, 2015
Visa Interest [Member]
Loans [Member]
Other Contract [Member]
Dec. 31, 2014
Visa Interest [Member]
Loans [Member]
Other Contract [Member]
Sep. 30, 2015
Interest rate futures [Member]
Loans [Member]
Interest Rate Contract [Member]
Dec. 31, 2014
Interest rate futures [Member]
Loans [Member]
Interest Rate Contract [Member]
Sep. 30, 2015
Interest rate futures [Member]
Other Trading [Member]
Interest Rate Contract [Member]
Dec. 31, 2014
Interest rate futures [Member]
Other Trading [Member]
Interest Rate Contract [Member]
Sep. 30, 2015
Equity futures [Member]
Other Trading [Member]
Equity Contract [Member]
Dec. 31, 2014
Equity futures [Member]
Other Trading [Member]
Equity Contract [Member]
Derivative Asset, Notional Amount
$ 140,073 
$ 118,139 
$ 6 
$ 4 
 
 
 
$ 848 1 2
 
$ 12,700 
$ 10,300 
$ 536 
$ 563 
Derivative Liability, Notional Amount
$ 109,543 
$ 114,144 
$ 9 1 2
$ 4 
 
$ 49 1 2
$ 49 
 
$ 791 1 2
 
 
 
 
Number Of Shares Sold To Selected Financial Institutions
 
 
 
 
3.0 
 
 
 
 
 
 
 
 
Impacts of Derivative Financial Instruments on the Consolidated Statements of Income/(Loss) and the Consolidated Statements of Shareholders' Equity (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
$ 318 
$ 132 
$ 438 
$ 330 
Interest Income [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
23 
 
61 
 
Other Trading [Member] |
Other Trading [Member]
 
 
 
 
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments
5 
9 
46 
34 
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments
21 
44 
57 
43 
Other Trading [Member] |
Credit Risk Contract [Member] |
Other Trading [Member]
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
6 
4 
19 
13 
Other Trading [Member] |
Equity Contract [Member] |
Other Trading [Member]
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
0 
1 
3 
4 
Other Trading [Member] |
Other Contract [Member] |
Other Trading [Member]
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
1 
 
2 
 
Mortgage Servicing Income [Member] |
Mortgage Servicing Rights [Member]
 
 
 
 
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments
298 
17 
223 
138 
Mortgage Production Income [Member] |
Loans [Member]
 
 
 
 
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments
(69)
4 
(60)
(92)
Mortgage Production Income [Member] |
Other Contract [Member] |
Loans [Member]
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
58 
52 
151 
190 
Other Income [Member] |
Loans [Member]
 
 
 
 
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments
(2)
 
(2)
 
Other Income [Member] |
Credit Risk Contract [Member] |
Loans [Member]
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
0 
1 
(1)
0 
Cash Flow Hedging [Member] |
Interest Income [Member] |
Interest Rate Contract [Member] |
Adjustable Rate Loans [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
204 1
(31)2
338 
36 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
47 1
76 2
126 1
225 2
Fair Value Hedging |
Other Trading [Member] |
Interest Rate Contract [Member] |
Fixed Income Interest Rate [Member]
 
 
 
 
Derivative, Gain (Loss) on Derivative, Net
0 3
(7)3
7 3
10 3
Gain (Loss) on Fair Value Hedges Recognized in Earnings
(1)3
7 3
(8)3
(9)3
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net
$ (1)3
$ 0 
$ (1)
$ 1 3
Impacts of Derivative Financial Instruments on the Consolidated Statements of Income/(Loss) and the Consolidated Statements of Shareholders' Equity (Additional Information) (Detail) (Interest Income [Member], USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2015
Sep. 30, 2014
Terminated or dedesignated hedges [Member]
Sep. 30, 2014
Terminated or dedesignated hedges [Member]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
$ 23 
$ 61 
$ 23 
$ 77 
Derivative Financial Instruments Netting of Financial Instruments - Derivatives (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset
$ 5,258 
$ 5,839 
Derivative Asset, Fair Value, Amount Offset Against Collateral
3,809 
4,532 
Derivative Assets
1,449 1
1,307 1
Collateral Held by The Company Against Derivative Asset Positions
51 
63 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
1,398 
1,244 
Derivative Liability, Fair Value, Gross Liability
4,930 
5,577 
Derivative Liability, Fair Value, Amount Offset Against Collateral
4,365 
5,115 
Derivative Liabilities
565 2
462 2
Derivative, Collateral, Right to Reclaim Securities
20 
12 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
545 
450 
Derivatives Subject to Master Netting Arrangement or Similar Arrangement [Member]
 
 
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset
4,748 
5,127 
Derivative Asset, Fair Value, Amount Offset Against Collateral
3,455 
4,095 
Derivative Assets
1,293 
1,032 
Collateral Held by The Company Against Derivative Asset Positions
51 
63 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
1,242 
969 
Derivative Liability, Fair Value, Gross Liability
4,488 
5,001 
Derivative Liability, Fair Value, Amount Offset Against Collateral
4,011 
4,678 
Derivative Liabilities
477 
323 
Derivative, Collateral, Right to Reclaim Securities
20 
12 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
457 
311 
Derivatives Not Subject to Master Netting Arrangement or Similar Arrangement [Member] [Member]
 
 
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement
38 
25 
Derivative Asset, Fair Value, Amount Offset Against Collateral
0 
0 
Derivative Assets
38 
25 
Collateral Held by The Company Against Derivative Asset Positions
0 
0 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
38 
25 
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement
88 
133 
Derivative Liability, Fair Value, Amount Offset Against Collateral
0 
0 
Derivative Liabilities
88 
133 
Derivative, Collateral, Right to Reclaim Securities
0 
0 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
88 
133 
Exchange Traded [Member]
 
 
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset
472 
687 
Derivative Asset, Fair Value, Amount Offset Against Collateral
354 
437 
Derivative Assets
118 
250 
Collateral Held by The Company Against Derivative Asset Positions
0 
0 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
118 
250 
Derivative Liability, Fair Value, Gross Liability
354 
443 
Derivative Liability, Fair Value, Amount Offset Against Collateral
354 
437 
Derivative Liabilities
0 
6 
Derivative, Collateral, Right to Reclaim Securities
0 
0 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
$ 0 
$ 6 
Derivative Financial Instruments Netting of Financial Instruments - Derivatives (Additional Information) (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Derivative [Line Items]
 
 
Derivative Assets
$ 1,449 1
$ 1,307 1
Derivative Asset, Collateral, Obligation to Return Cash, Offset
541 
449 
Derivative Liabilities
565 2
462 2
Derivative Liability, Collateral, Right to Reclaim Cash, Offset
1,097 
1,032 
Trading Securities [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
1,449 
1,307 
Trading Liabilities [Member]
 
 
Derivative [Line Items]
 
 
Derivative Liabilities
$ 565 
$ 462 
Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2015
Netting [Member]
Dec. 31, 2014
Netting [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Other Liabilities [Member]
Sep. 30, 2014
Other Liabilities [Member]
Sep. 30, 2015
Other Liabilities [Member]
Sep. 30, 2014
Other Liabilities [Member]
Sep. 30, 2015
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Collateralized Loan Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Investment in Federal Home Loan Bank Stock [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Investment in Federal Home Loan Bank Stock [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Interest Rate Lock Commitments [Member]
Sep. 30, 2014
Interest Rate Lock Commitments [Member]
Sep. 30, 2015
Interest Rate Lock Commitments [Member]
Sep. 30, 2014
Interest Rate Lock Commitments [Member]
Sep. 30, 2015
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Trading Loans [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Derivative Financial Instruments, Assets
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Derivative Financial Instruments, Assets
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Derivative Financial Instruments, Assets
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Derivative Financial Instruments, Assets
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Derivative Financial Instruments, Assets
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Derivative Financial Instruments, Assets
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Commercial Paper [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Other Debt Obligations [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Asset-backed Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
US Government Agencies Debt Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
US Treasury Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Federal Reserve Bank Stock [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Federal Reserve Bank Stock [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Equity Funds [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Equity Funds [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Sep. 30, 2015
Estimate of Fair Value Measurement [Member]
Dec. 31, 2014
Estimate of Fair Value Measurement [Member]
Sep. 30, 2015
Estimate of Fair Value Measurement [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Estimate of Fair Value Measurement [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Estimate of Fair Value Measurement [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Estimate of Fair Value Measurement [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Estimate of Fair Value Measurement [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Estimate of Fair Value Measurement [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Reported Value Measurement [Member]
Dec. 31, 2014
Reported Value Measurement [Member]
Dec. 31, 2014
Affordable Housing [Member]
Mar. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Assets [Member]
Property Subject to Operating Lease [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Land [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Land [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Assets [Member]
Land [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Trading [Member]
Dec. 31, 2014
Other Trading [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Commercial and Corporate Leveraged Loans [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Trading Account Assets [Member]
Commercial and Corporate Leveraged Loans [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Equity Securities [Member]
Dec. 31, 2014
Equity Securities [Member]
Sep. 30, 2015
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Equity Securities [Member]
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents, Fair Value Disclosure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 4,916 
$ 8,229 
$ 4,916 
$ 8,229 
$ 0 
$ 0 
$ 0 
$ 0 
$ 4,916 
$ 8,229 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
41 
64 
138 
181 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Transfers to other balance sheet line items
 
 
 
 
 
 
 
 
 
 
 
 
0 
0 
0 
(3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(185)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Impairment Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
15 
36 
0 
21 
1 
7 
64 
59 
1 
1 
5 
 
 
 
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32 
376 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
402 
402 
111 
138 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6 
7 
Trading assets
6,537 1
6,202 1
(3,809)2
(4,532)2
 
 
982 
1,000 
9,326 
9,709 
38 
25 
 
 
 
 
2 
3 
0 
0 
2 
3 
0 
0 
 
 
 
 
 
 
2,739 
2,610 
0 
0 
2,739 
2,610 
0 
0 
65 
45 
65 
45 
0 
0 
0 
0 
474 
688 
4,746 
5,126 
38 
25 
312 
327 
0 
0 
312 
327 
0 
0 
390 
509 
0 
0 
390 
509 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
565 
545 
0 
0 
565 
545 
0 
0 
40 
42 
0 
0 
40 
42 
0 
0 
532 
547 
0 
0 
532 
547 
0 
0 
443 
267 
443 
267 
0 
0 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6,537 
6,202 
982 
1,000 
5,517 
5,177 
38 
25 
6,537 
6,202 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
65 
45 
 
 
Derivative Assets
1,449 3
1,307 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,449 
1,307 
 
 
 
 
 
 
Available-for-sale Securities
27,270 4
26,770 4
 
 
27,270 
26,770 
3,176 
2,059 
23,527 
23,765 
567 
946 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
551 5
923 6
111 5
138 6
0 
0 
440 5
785 6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
38 
41 
0 
0 
33 
36 
5 
5 
15 
21 
0 
0 
0 
0 
15 
21 
102 
123 
0 
0 
0 
0 
102 
123 
22,905 
23,048 
0 
0 
22,905 
23,048 
0 
0 
174 
209 
0 
0 
169 
197 
5 
12 
420 
484 
0 
0 
420 
484 
0 
0 
3,065 
1,921 
3,065 
1,921 
0 
0 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
27,270 
26,770 
3,176 
2,059 
23,527 
23,765 
567 
946 
27,270 
26,770 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
551 7
923 7
 
 
Loans Held-for-sale, Fair Value Disclosure
1,883 
1,892 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,883 
1,892 
0 
0 
1,881 
1,891 
2 
1 
 
2,034 
3,240 
0 
0 
2,007 
2,063 
27 
1,177 
2,032 
3,232 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable, Fair Value Disclosure
262 
272 
 
 
262 
272 
0 
0 
0 
0 
262 
272 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
261 
284 
 
 
 
 
Servicing Asset at Fair Value, Amount
1,262 
1,206 
 
 
1,262 
1,206 
0 
0 
0 
0 
1,262 
1,206 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading Liabilities, Fair Value Disclosure
1,330 
1,227 
(4,365)2
(5,115)2
 
 
939 
929 
4,750 
5,408 
6 
5 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
177 
279 
0 
0 
177 
279 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4 
1 
0 
0 
4 
1 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
584 
485 
584 
485 
0 
0 
0 
0 
355 
444 
4,569 
5,128 
6 
5 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,330 
1,227 
939 
929 
385 
293 
6 
5 
1,330 
1,227 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative Liabilities
565 8
462 8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
565 
462 
 
 
 
 
 
 
Long-term Debt, Fair Value
986 
1,283 
 
 
986 
1,283 
0 
0 
986 
1,283 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8,403 
13,056 
0 
0 
7,852 
12,398 
551 
658 
8,444 
13,022 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Liabilities, Fair Value Disclosure
23 9
27 9
 
 
 
 
0 
0 
0 
0 
23 9
27 9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Net Fair Value Disclosure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
129,046 
126,855 
0 
0 
406 
545 
128,640 
126,310 
131,774 
131,175 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer And Commercial Deposits, Fair Value Disclosure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
146,407 
140,562 
0 
0 
146,407 
140,562 
0 
0 
146,371 
140,567 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term Debt, Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 3,942 
$ 9,186 
$ 0 
$ 0 
$ 3,942 
$ 9,186 
$ 0 
$ 0 
$ 3,942 
$ 9,186 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets and Liabilities Measured at Fair Value on a Recurring Basis (Additional Information) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2015
Interest Rate Lock Commitments [Member]
Sep. 30, 2014
Interest Rate Lock Commitments [Member]
Sep. 30, 2015
Interest Rate Lock Commitments [Member]
Sep. 30, 2014
Interest Rate Lock Commitments [Member]
Sep. 30, 2015
Federal Reserve Bank Stock [Member]
Fair Value, Inputs, Level 3 [Member]
Fair Value, Measurements, Recurring [Member]
Dec. 31, 2014
Federal Reserve Bank Stock [Member]
Fair Value, Inputs, Level 3 [Member]
Fair Value, Measurements, Recurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Assets [Member]
Property Subject to Operating Lease [Member]
Fair Value, Measurements, Nonrecurring [Member]
Asset Impairment Charges
 
 
 
 
 
 
 
 
$ 1 
$ 7 
$ 64 
$ 59 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3
 
 
41 
64 
138 
181 
 
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
 
 
 
 
402 
402 
 
 
 
 
Derivative Assets
1,449 1
1,307 1
 
 
 
 
 
 
 
 
 
 
Derivative Liabilities
$ 565 2
$ 462 2
 
 
 
 
 
 
 
 
 
 
Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Loans Receivable, Fair Value Disclosure
$ 262 
 
$ 262 
 
$ 272 
Fair Value, Option, Aggregate Differences, Long-term Debt Instruments
79 
 
79 
 
107 
Trading Loans [Member]
 
 
 
 
 
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables
52 
 
52 
 
21 
Loans Receivable, Fair Value Disclosure
2,739 
 
2,739 
 
2,610 
Aggregate Unpaid Principal Balance Under the Fair Value Option
(2,687)
 
(2,687)
 
(2,589)
Loans Held For Sale [Member]
 
 
 
 
 
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables
77 
 
77 
 
74 
Loans Receivable, Fair Value Disclosure
1,883 
 
1,883 
 
1,891 
Aggregate Unpaid Principal Balance Under the Fair Value Option
(1,806)
 
(1,806)
 
(1,817)
Loans Held For Investment [Member]
 
 
 
 
 
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables
(9)
 
(9)
 
(12)
Fair Value, Option, Loans Held as Assets, Aggregate Amount in Nonaccrual Status, Aggregated Difference
(1)
 
(1)
 
(2)
Loans Receivable, Fair Value Disclosure
260 
 
260 
 
269 
Aggregate Unpaid Principal Balance Under the Fair Value Option
(269)
 
(269)
 
(281)
Long-Term Debt [Domain]
 
 
 
 
 
Obligations, Fair Value Disclosure
986 
 
986 
 
1,283 
Aggregate Unpaid Principal Balance Under the Fair Value Option
907 
 
907 
 
1,176 
Loans Held For Investment [Member]
 
 
 
 
 
Fair Value, Option, Changes in Fair Value, Gain (Loss)
4 
0 1
3 2
8 1
 
Nonaccrual loans
2 
 
2 
 
3 
Loans Held For Investment [Member] |
Aggregate Unpaid Principal Balance Under Fair Value Option
 
 
 
 
 
Nonaccrual loans
3 
 
3 
 
5 
Loans Held For Sale [Member]
 
 
 
 
 
Fair Value, Option, Changes in Fair Value, Gain (Loss)
20 2
(32)1
32 2
(18)1
 
Nonaccrual loans
 
 
 
 
1 
Fair Value, Option, Loans Held as Assets, Aggregate Amount in Nonaccrual Status, Aggregated Difference
 
 
 
 
0 
Loans Held For Sale [Member] |
Aggregate Unpaid Principal Balance Under Fair Value Option
 
 
 
 
 
Nonaccrual loans
 
 
 
 
1 
Mortgage Servicing Income [Member] |
Loans Held For Investment [Member]
 
 
 
 
 
Fair Value, Option, Changes in Fair Value, Gain (Loss)
0 
0 
0 
0 
 
Mortgage Servicing Income [Member] |
Loans Held For Sale [Member]
 
 
 
 
 
Fair Value, Option, Changes in Fair Value, Gain (Loss)
$ 0 
$ 0 
$ 0 
$ 0 
 
Change in Fair Value of Financial Instruments for which the FVO has been Elected (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Other Income [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Other Income [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Trading Revenue [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Trading Revenue [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Trading Revenue [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Trading Revenue [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Mortgage Servicing Rights [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Mortgage Servicing Rights [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Long-term Debt [Member]
Sep. 30, 2014
Long-term Debt [Member]
Sep. 30, 2015
Long-term Debt [Member]
Sep. 30, 2014
Long-term Debt [Member]
Sep. 30, 2015
Long-term Debt [Member]
Other Income [Member]
Sep. 30, 2015
Long-term Debt [Member]
Other Income [Member]
Sep. 30, 2015
Long-term Debt [Member]
Trading Revenue [Member]
Sep. 30, 2014
Long-term Debt [Member]
Trading Revenue [Member]
Sep. 30, 2015
Long-term Debt [Member]
Trading Revenue [Member]
Sep. 30, 2014
Long-term Debt [Member]
Trading Revenue [Member]
Sep. 30, 2015
Long-term Debt [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Long-term Debt [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Long-term Debt [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Long-term Debt [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Long-term Debt [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Long-term Debt [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Long-term Debt [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Long-term Debt [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Trading Revenue [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Trading Revenue [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Brokered Deposits [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Other Income [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Other Income [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Trading Revenue [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Trading Revenue [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Trading Revenue [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Trading Revenue [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Loans Held For Investment [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Other Income [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Other Income [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Trading Revenue [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Trading Revenue [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Trading Revenue [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Trading Revenue [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Loans Held For Sale [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Other Income [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Other Income [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Trading Revenue [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Trading Revenue [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Trading Revenue [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Trading Revenue [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Mortgage Production Income [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Mortgage Production Income [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Mortgage Servicing Income [Member]
Sep. 30, 2014
Trading Account Assets [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2014
Affordable Housing [Member]
Asset Impairment Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 15 
Fair Value, Option, Changes in Fair Value, Gain (Loss)
$ 198 1
$ 55 2
$ 234 1
$ 238 2
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ (1)
$ (2)
$ 198 
$ 55 
$ 235 
$ 240 
$ (9)1
$ (9)2
$ (28)1
$ (6)2
$ 0 
$ 0 
$ (9)
$ (9)
$ (28)
$ (6)
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ (1)2
$ (6)2
$ (1)
$ (6)
$ 0 
$ 0 
$ 0 
$ 0 
$ (4)
$ 0 2
$ (3)1
$ (8)2
$ (4)
$ (3)
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ (8)
$ 0 
$ 0 
$ 0 
$ 0 
$ (20)1
$ 32 2
$ (32)1
$ 18 2
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ (20)
$ 32 
$ (32)
$ 18 
$ 0 
$ 0 
$ 0 
$ 0 
$ 1 1
$ (1)2
$ (1)1
$ (10)2
$ 0 
$ 0 
$ 1 
$ (1)
$ (1)
$ (10)
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
$ 0 
 
Change in Fair Value of Financial Instruments for which the FVO has been Elected (Additional Information) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Fair Value, Measurements, Nonrecurring [Member]
Other Assets [Member]
Sep. 30, 2015
Fair Value, Measurements, Nonrecurring [Member]
Other Assets [Member]
Dec. 31, 2014
Fair Value, Measurements, Nonrecurring [Member]
Other Assets [Member]
Sep. 30, 2015
Fair Value, Measurements, Nonrecurring [Member]
Other Assets [Member]
Land [Member]
Sep. 30, 2015
Fair Value, Measurements, Nonrecurring [Member]
Other Assets [Member]
Land [Member]
Dec. 31, 2014
Fair Value, Measurements, Nonrecurring [Member]
Other Assets [Member]
Land [Member]
Income recognized upon the sale of loans
$ 9 
$ 40 
$ 22 
$ 71 
 
 
 
 
 
 
Asset Impairment Charges
 
 
 
 
$ 1 
$ 7 
$ 64 
$ 1 
$ 1 
$ 5 
Fair Value Measurement and Election - Additional Information (Detail) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Sep. 30, 2015
Total Return Swap
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Total Return Swap
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Interest Rate Lock Commitments [Member]
Sep. 30, 2014
Interest Rate Lock Commitments [Member]
Sep. 30, 2015
Interest Rate Lock Commitments [Member]
Sep. 30, 2014
Interest Rate Lock Commitments [Member]
Sep. 30, 2015
Trading Account Assets [Member]
Commercial and Corporate Leveraged Loans [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Trading Account Assets [Member]
Commercial and Corporate Leveraged Loans [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2014
Long-term Debt [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2014
Long-term Debt [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Dec. 31, 2014
Loans Held For Sale [Member]
Sep. 30, 2015
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Dec. 31, 2014
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2015
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Preference Shares [Member]
Dec. 31, 2014
Commercial and Corporate Loans [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Preference Shares [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Land [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Land [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Land [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Property Subject to Operating Lease [Member]
Sep. 30, 2015
Affordable Housing [Member]
Sep. 30, 2015
Affordable Housing [Member]
Dec. 31, 2014
Affordable Housing [Member]
Mar. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
ALLL Impact for NPL Loans Transferred to Loans Held for Sale
$ 11,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Estimated Fair Value of Loan Portfolio's Net Carrying Value, Percentage
100.00% 
 
100.00% 
 
100.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
187,036,000,000 
 
187,036,000,000 
 
190,328,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
584,000,000 
704,000,000 
2,000,000 
3,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable, Fair Value Disclosure
262,000,000 
 
262,000,000 
 
272,000,000 
2,400,000,000 
2,300,000,000 
 
 
 
 
261,000,000 
284,000,000 
 
 
1,883,000,000 
1,891,000,000 
 
 
 
 
0 
0 
262,000,000 
272,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3
 
 
 
 
 
 
 
41,000,000 
64,000,000 
138,000,000 
181,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan and Lease Losses, Write-offs
102,000,000 
164,000,000 
356,000,000 
473,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans held for investment sold
178,000,000 
2,300,000,000 
1,994,000,000 
2,954,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain (Loss) on Sales of Loans, Net
9,000,000 
40,000,000 
22,000,000 
71,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Impairment Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,000,000 
3,000,000 
6,000,000 
1,000,000 
7,000,000 
64,000,000 
1,000,000 
1,000,000 
5,000,000 
59,000,000 
 
 
15,000,000 
36,000,000 
0 
21,000,000 
Gains (Losses) on Sales of Investment Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0 
19,000,000 
 
 
 
 
Unfunded loan commitments and letters of credit
63,900,000,000 
 
63,900,000,000 
 
56,500,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for unfunded loan commitments and letters of credit
64,000,000 
 
64,000,000 
 
59,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 2,000,000 
$ 24,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Election and Measurement Level 3 Significant Unobservable Input Assumptions (Details) (USD $)
In Millions, unless otherwise specified
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
level 3 fair value assumptions [Line Items]
 
 
Trading assets
$ 6,537 1
$ 6,202 1
Available-for-sale Securities
27,270 2
26,770 2
Loans Held-for-sale, Fair Value Disclosure
1,883 
1,892 
Loans Receivable, Fair Value Disclosure
262 
272 
Servicing Asset at Fair Value, Amount
1,262 
1,206 
Other Liabilities, Fair Value Disclosure
23 3
27 3
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Trading assets
38 
25 
Available-for-sale Securities
567 
946 
Loans Receivable, Fair Value Disclosure
262 
272 
Servicing Asset at Fair Value, Amount
1,262 
1,206 
Other Liabilities, Fair Value Disclosure
23 3
27 3
Fair Value, Measurements, Recurring [Member] |
Market Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Other Assets, Fair Value Disclosure
32 4
20 4
Fair Value, Measurements, Recurring [Member] |
Other Liabilities [Member] |
Income Approach Valuation Technique [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
fair value inputs, loan production volume
0.00% 
0.00% 
Fair Value, Measurements, Recurring [Member] |
Other Liabilities [Member] |
Income Approach Valuation Technique [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
fair value inputs, loan production volume
150.00% 
150.00% 
Fair Value, Measurements, Recurring [Member] |
Other Liabilities [Member] |
Income Approach Valuation Technique [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
fair value inputs, loan production volume
150.00% 
1.07% 
Fair Value, Measurements, Recurring [Member] |
Other Liabilities [Member] |
Income Approach Valuation Technique [Member] |
Loan Production Volume [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Other Liabilities, Fair Value Disclosure
23 5
27 5
Fair Value, Measurements, Recurring [Member] |
Equity Securities [Member] |
Cost Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Available-for-sale Securities
440 
785 
Fair Value, Measurements, Recurring [Member] |
Collateralized Debt Obligations [Member] |
Market Approach Valuation Technique [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, indicative pricing based on overcollateralization ratio
 
0 
Fair Value Inputs, Estimated Collateral Losses
 
0.00% 
Fair Value, Measurements, Recurring [Member] |
Collateralized Debt Obligations [Member] |
Market Approach Valuation Technique [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, indicative pricing based on overcollateralization ratio
 
0 
Fair Value Inputs, Estimated Collateral Losses
 
0.00% 
Fair Value, Measurements, Recurring [Member] |
Collateralized Debt Obligations [Member] |
Market Approach Valuation Technique [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, indicative pricing based on overcollateralization ratio
 
0 
Fair Value Inputs, Estimated Collateral Losses
 
0.00% 
Fair Value, Measurements, Recurring [Member] |
Asset-backed Securities [Member] |
Market Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Available-for-sale Securities
15 
21 
Fair Value, Measurements, Recurring [Member] |
Asset-backed Securities [Member] |
Market Approach Valuation Technique [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Indicative Pricing
 
0 
Fair Value, Measurements, Recurring [Member] |
Asset-backed Securities [Member] |
Market Approach Valuation Technique [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Indicative Pricing
 
0 
Fair Value, Measurements, Recurring [Member] |
Other Debt Obligations [Member] |
Cost Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Available-for-sale Securities
5 
5 
Fair Value, Measurements, Recurring [Member] |
US States and Political Subdivisions Debt Securities [Member] |
Market Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Available-for-sale Securities
 
12 
Fair Value, Measurements, Recurring [Member] |
US States and Political Subdivisions Debt Securities [Member] |
Cost Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Available-for-sale Securities
5 
 
Fair Value, Measurements, Recurring [Member] |
Mortgage-backed Securities, Issued by Private Enterprises [Member] |
Market Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Available-for-sale Securities
102 
123 
Fair Value, Measurements, Recurring [Member] |
Residential Mortgage, Loans Held For Sale [Member] |
Income Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Loans Held-for-sale, Fair Value Disclosure
2 
1 
Fair Value, Measurements, Recurring [Member] |
Residential Mortgage, Loans Held For Sale [Member] |
Income Approach Valuation Technique [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
1.43% 
1.45% 
Fair Value Inputs, Prepayment Rate
3.00% 
1.00% 
Fair Value Inputs, Probability of Default
0.00% 
0.00% 
Fair Value, Measurements, Recurring [Member] |
Residential Mortgage, Loans Held For Sale [Member] |
Income Approach Valuation Technique [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
1.62% 
2.25% 
Fair Value Inputs, Prepayment Rate
17.00% 
30.00% 
Fair Value Inputs, Probability of Default
2.00% 
3.00% 
Fair Value, Measurements, Recurring [Member] |
Residential Mortgage, Loans Held For Sale [Member] |
Income Approach Valuation Technique [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
1.56% 
1.57% 
Fair Value Inputs, Prepayment Rate
11.00% 
15.00% 
Fair Value Inputs, Probability of Default
0.50% 
0.75% 
Fair Value, Measurements, Recurring [Member] |
Loans Held For Investment [Member] |
Market Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
2 
3 
Fair Value, Measurements, Recurring [Member] |
Loans Held For Investment [Member] |
Income Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
260 
269 
Fair Value, Measurements, Recurring [Member] |
Loans Held For Investment [Member] |
Income Approach Valuation Technique [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
0.00% 
0.00% 
Fair Value Inputs, Prepayment Rate
5.00% 
4.00% 
Fair Value Inputs, Probability of Default
0.00% 
0.00% 
Fair Value, Measurements, Recurring [Member] |
Loans Held For Investment [Member] |
Income Approach Valuation Technique [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
4.52% 
4.50% 
Fair Value Inputs, Prepayment Rate
36.00% 
30.00% 
Fair Value Inputs, Probability of Default
5.00% 
7.00% 
Fair Value, Measurements, Recurring [Member] |
Loans Held For Investment [Member] |
Income Approach Valuation Technique [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
2.69% 
2.86% 
Fair Value Inputs, Prepayment Rate
13.00% 
13.75% 
Fair Value Inputs, Probability of Default
1.68% 
1.75% 
Fair Value, Measurements, Recurring [Member] |
Mortgage Servicing Rights [Member] |
Income Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Servicing Asset at Fair Value, Amount
$ 1,262 
$ 1,206 
Fair Value, Measurements, Recurring [Member] |
Mortgage Servicing Rights [Member] |
Income Approach Valuation Technique [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
(5.00%)
 
Fair Value Inputs, Prepayment Rate
2.00% 
2.00% 
Fair Value Inputs, Discount Rate
 
(1.00%)
Fair Value, Measurements, Recurring [Member] |
Mortgage Servicing Rights [Member] |
Income Approach Valuation Technique [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
107.00% 
 
Fair Value Inputs, Prepayment Rate
21.00% 
47.00% 
Fair Value Inputs, Discount Rate
 
122.00% 
Fair Value, Measurements, Recurring [Member] |
Mortgage Servicing Rights [Member] |
Income Approach Valuation Technique [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Option Adjusted Spread
8.00% 
 
Fair Value Inputs, Prepayment Rate
11.00% 
11.00% 
Fair Value Inputs, Discount Rate
 
10.00% 
Fair Value, Measurements, Recurring [Member] |
Other Assets [Member] |
Market Approach Valuation Technique [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Pull Through Rate
39.00% 
40.00% 
Fair Value Inputs, Msr Value
0.26% 
0.39% 
Fair Value, Measurements, Recurring [Member] |
Other Assets [Member] |
Market Approach Valuation Technique [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Pull Through Rate
100.00% 
100.00% 
Fair Value Inputs, Msr Value
2.01% 
2.18% 
Fair Value, Measurements, Recurring [Member] |
Other Assets [Member] |
Market Approach Valuation Technique [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Fair Value Inputs, Pull Through Rate
75.00% 
75.00% 
Fair Value Inputs, Msr Value
1.00% 
1.07% 
Fair Value Election and Measurement Level 3 Significant Unobservable Input Assumptions (Additional Information) (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2015
Dec. 31, 2014
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
 
 
Other Liabilities, Fair Value Disclosure
$ 23 1
$ 27 1
Reconciliation of the Beginning and Ending Balances for Fair Valued Assets and Liabilities Measured on a Recurring Basis Using Significant Unobservable Inputs (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Dec. 31, 2013
Loans Held For Sale [Member] |
Residential Mortgage, Loans Held For Sale [Member]
 
 
 
 
 
 
 
 
Included in earnings
$ 0 
$ 0 
$ 0 
$ 0 
 
 
 
 
OCI
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
0 
0 
 
 
 
 
Sales
(7)
(3)
(16)
(7)
 
 
 
 
Settlements
0 
0 
0 
0 
 
 
 
 
Transfers to other balance sheet line items
(1)
0 
(2)
(6)
 
 
 
 
Transfers into Level 3
8 
1 
19 
12 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
(1)
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
2 
1 
2 
1 
2 
1 
3 
3 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
0 
0 
 
 
 
 
Trading Account Assets [Member]
 
 
 
 
 
 
 
 
Included in earnings
 
 
 
192 
 
 
 
 
OCI
 
 
 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
 
 
 
0 
 
 
 
 
Sales
 
 
 
(72)
 
 
 
 
Settlements
 
 
 
2 
 
 
 
 
Transfers to other balance sheet line items
 
 
 
(185)
 
 
 
 
Transfers into Level 3
 
 
 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
 
 
 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
 
5 
 
5 
 
 
 
68 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
 
 
 
(10)
 
 
 
 
Trading Account Assets [Member] |
Asset-backed Securities [Member]
 
 
 
 
 
 
 
 
Included in earnings
 
 
 
1 1
 
 
 
 
OCI
 
 
 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
 
 
 
0 
 
 
 
 
Sales
 
 
 
(7)
 
 
 
 
Settlements
 
 
 
0 
 
 
 
 
Transfers to other balance sheet line items
 
 
 
0 
 
 
 
 
Transfers into Level 3
 
 
 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
 
 
 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
 
0 
 
0 
 
 
 
6 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
 
 
 
0 
 
 
 
 
Trading Account Assets [Member] |
Collateralized Debt Obligations [Member]
 
 
 
 
 
 
 
 
Included in earnings
 
 
 
11 1
 
 
 
 
OCI
 
 
 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
 
 
 
0 
 
 
 
 
Sales
 
 
 
(65)
 
 
 
 
Settlements
 
 
 
0 
 
 
 
 
Transfers to other balance sheet line items
 
 
 
0 
 
 
 
 
Transfers into Level 3
 
 
 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
 
 
 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
 
0 
 
0 
 
 
 
54 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
 
 
 
0 
 
 
 
 
Trading Assets [Member] |
Derivative contracts, net [Member]
 
 
 
 
 
 
 
 
Included in earnings
58 2
47 2
148 2
180 2
 
 
 
 
OCI
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
0 
0 
 
 
 
 
Sales
0 
0 
0 
0 
 
 
 
 
Settlements
1 
1 
2 
2 
 
 
 
 
Transfers into Level 3
0 
0 
0 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
32 
5 
32 
5 
14 
20 
21 
8 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
(1)2 3
16 2 4
(5)2 3
(10)2 4
 
 
 
 
Available-for-sale Securities [Member]
 
 
 
 
 
 
 
 
Included in earnings
(1)
(1)
(1)
(3)5
 
 
 
 
OCI
(1)
(1)
0 
5 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
5 
135 
109 
270 
 
 
 
 
Sales
0 
0 
0 
(20)
 
 
 
 
Settlements
(155)
(97)
(487)
(211)
 
 
 
 
Transfers to other balance sheet line items
0 
6 
0 
6 
 
 
 
 
Transfers into Level 3
0 
0 
0 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
567 
1,000 
567 
1,000 
719 
946 
958 
953 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
(1)
(1)
(1)
(1)
 
 
 
 
Available-for-sale Securities [Member] |
US States and Political Subdivisions Debt Securities [Member]
 
 
 
 
 
 
 
 
Included in earnings
0 
0 
0 
(2)
 
 
 
 
OCI
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
0 
0 
 
 
 
 
Sales
0 
0 
0 
(20)
 
 
 
 
Settlements
0 
0 
(7)
0 
 
 
 
 
Transfers to other balance sheet line items
0 
0 
0 
0 
 
 
 
 
Transfers into Level 3
0 
0 
0 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
5 
12 
5 
12 
5 
12 
12 
34 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
0 
0 
 
 
 
 
Available-for-sale Securities [Member] |
Asset-backed Securities [Member]
 
 
 
 
 
 
 
 
Included in earnings
0 
0 
0 
0 
 
 
 
 
OCI
0 
0 
0 
1 6
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
0 
0 
 
 
 
 
Sales
0 
0 
0 
0 
 
 
 
 
Settlements
(2)
(1)
(6)
(1)
 
 
 
 
Transfers to other balance sheet line items
0 
0 
0 
0 
 
 
 
 
Transfers into Level 3
0 
0 
0 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
15 
21 
15 
21 
17 
21 
22 
21 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
0 
0 
 
 
 
 
Available-for-sale Securities [Member] |
Other Debt Obligations [Member]
 
 
 
 
 
 
 
 
Included in earnings
0 
0 
0 
0 
 
 
 
 
OCI
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
5 
0 
5 
0 
 
 
 
 
Sales
0 
0 
0 
0 
 
 
 
 
Settlements
(3)
0 
(5)
0 
 
 
 
 
Transfers to other balance sheet line items
0 
0 
0 
0 
 
 
 
 
Transfers into Level 3
0 
0 
0 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
5 
5 
5 
5 
3 
5 
5 
5 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
0 
0 
 
 
 
 
Available-for-sale Securities [Member] |
Equity Securities [Member]
 
 
 
 
 
 
 
 
Included in earnings
0 
0 
0 
0 
 
 
 
 
OCI
(2)7
0 
2 7
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
135 
104 
270 
 
 
 
 
Sales
0 
0 
0 
0 
 
 
 
 
Settlements
(140)
(90)
(447)
(185)
 
 
 
 
Transfers to other balance sheet line items
0 
6 
0 
6 
 
 
 
 
Transfers into Level 3
0 
0 
0 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
440 
830 
440 
830 
582 
785 
779 
739 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
0 
0 
 
 
 
 
Available-for-sale Securities [Member] |
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
 
 
 
 
 
Included in earnings
(1)
(1)
(1)
(1)
 
 
 
 
OCI
1 7
(1)6
2 7
4 6
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
0 
0 
 
 
 
 
Sales
0 
0 
0 
0 
 
 
 
 
Settlements
(10)
(6)
(22)
(25)
 
 
 
 
Transfers to other balance sheet line items
0 
0 
0 
0 
 
 
 
 
Transfers into Level 3
0 
0 
0 
0 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
102 
132 
102 
132 
112 
123 
140 
154 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
(1)
(1)
(1)
(1)
 
 
 
 
Loans Held For Investment [Member]
 
 
 
 
 
 
 
 
Included in earnings
3 8
(1)9
3 8
9 9
 
 
 
 
OCI
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
0 
0 
 
 
 
 
Sales
0 
0 
0 
0 
 
 
 
 
Settlements
(8)
(8)
(32)
(31)
 
 
 
 
Transfers to other balance sheet line items
0 
(2)
(1)
3 
 
 
 
 
Transfers into Level 3
4 
1 
20 
1 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
262 
284 
262 
284 
263 
272 
292 
302 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
3 3 8
1 4 9
1 3 8
6 4 9
 
 
 
 
Other Liabilities [Member]
 
 
 
 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales
0 
0 
0 
0 
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements
0 
(3)
(10)
(3)
 
 
 
 
Transfers to other balance sheet line items
0 
0 
0 
(3)
 
 
 
 
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liabilities Transfers Into Level 3
0 
0 
0 
0 
 
 
 
 
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liabilities Transfers Out Of Level 3
0 
0 
0 
0 
 
 
 
 
Change in unrealized gains / (losses) included in earnings for the period related to financial assets still held at the end of period
0 10 3
0 11 4
6 10 3
0 11 4
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value
23 
24 
23 
24 
23 
27 
27 
29 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings
0 
0 11
6 10
1 11
 
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)
0 
0 
0 
0 
 
 
 
 
Interest Rate Lock Commitments [Member]
 
 
 
 
 
 
 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
(41)
(64)
(138)
(181)
 
 
 
 
Interest Rate Lock Commitments [Member] |
Trading Assets [Member] |
Derivative contracts, net [Member]
 
 
 
 
 
 
 
 
Transfers to other balance sheet line items
$ (41)
$ (64)
$ (138)
$ (185)
 
 
 
 
Carrying Value of Those Assets Measured at Fair Value on a Non-Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2014
Loans Held For Sale [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Loans Held For Sale [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Loans Held For Sale [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Loans Held For Sale [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Loans Held For Investment [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Other Real Estate Owned [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Affordable Housing [Member]
Sep. 30, 2015
Affordable Housing [Member]
Dec. 31, 2014
Affordable Housing [Member]
Mar. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Affordable Housing [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Loans Held For Sale [Member]
Dec. 31, 2014
Loans Held For Sale [Member]
Sep. 30, 2015
Total Return Swap
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Total Return Swap
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Land [Member]
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Sep. 30, 2015
Land [Member]
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Dec. 31, 2014
Land [Member]
Other Assets [Member]
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LHFS Nonperforming Loans Sold
$ 92 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain on Sale of Nonrecurring Nonperforming LHFS
10 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL Impact for NPL Loans Transferred to Loans Held for Sale
11 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gains (Losses) on Sales of Investment Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0 
19 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans held for investment sold
178 
2,300 
1,994 
2,954 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets, Fair Value Disclosure
 
 
 
 
 
1,108 
121 
45 
942 
17 
24 
0 
0 
0 
0 
17 
24 
17 
17 
29 
0 
0 
1 
1 
16 
28 
 
 
 
 
 
77 
0 
0 
77 
39 
39 
225 
0 
0 
32 
216 
7 
9 
 
 
 
 
 
 
 
Asset Impairment Charges
 
 
 
 
 
(6)
 
 
 
0 
0 
 
 
 
 
 
 
(2)
(3)
(6)
 
 
 
 
 
 
 
 
(15)
(36)
0 
(21)
 
 
 
(1)
(7)
(64)
 
 
 
 
 
 
 
 
 
 
(1)
(1)
(5)
Loans Receivable, Fair Value Disclosure
262 
 
262 
 
272 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,883 
1,891 
2,400 
2,300 
 
 
 
Gain (Loss) on Sales of Loans, Net
$ 9 
$ 40 
$ 22 
$ 71 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying Amounts and Fair Values of the Company's Financial Instruments (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2015
Reported Value Measurement [Member]
Dec. 31, 2014
Reported Value Measurement [Member]
Sep. 30, 2015
Affordable Housing [Member]
Sep. 30, 2015
Affordable Housing [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Inputs, Level 1 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Inputs, Level 2 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Inputs, Level 2 [Member]
Sep. 30, 2015
Fair Value, Measurements, Recurring [Member]
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2014
Fair Value, Measurements, Recurring [Member]
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Inputs, Level 3 [Member]
Gains (Losses) on Sales of Investment Real Estate
 
 
 
 
$ 0 
$ (19)
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents, Fair Value Disclosure
 
 
4,916 
8,229 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets
6,537 1
6,202 1
6,537 
6,202 
 
 
982 
1,000 
9,326 
9,709 
38 
25 
0 
0 
565 
545 
0 
0 
Available-for-sale Securities
27,270 2
26,770 2
27,270 
26,770 
 
 
3,176 
2,059 
23,527 
23,765 
567 
946 
0 
0 
22,905 
23,048 
0 
0 
Loans Held-for-sale, Fair Value Disclosure
1,883 
1,892 
2,032 
3,232 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Net Fair Value Disclosure
 
 
131,774 
131,175 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer And Commercial Deposits, Fair Value Disclosure
 
 
146,371 
140,567 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, Fair Value
986 
1,283 
8,444 
13,022 
 
 
0 
0 
986 
1,283 
0 
0 
 
 
 
 
 
 
Trading liabilities
$ 1,330 
$ 1,227 
$ 1,330 
$ 1,227 
 
 
$ 939 
$ 929 
$ 4,750 
$ 5,408 
$ 6 
$ 5 
$ 0 
$ 0 
$ 4 
$ 1 
$ 0 
$ 0 
Contingencies - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 0 Months Ended 9 Months Ended 3 Months Ended
Sep. 30, 2015
Minimum [Member]
Sep. 30, 2015
Maximum [Member]
Jun. 30, 2014
Mortgage Modification Investigation and HAMP [Member]
Sep. 30, 2014
Total Cash Payment for Settlement [Domain]
Mortgage Modification Investigation and HAMP [Member]
Sep. 30, 2014
Consumer Remediation [Member]
Mortgage Modification Investigation and HAMP [Member]
Sep. 30, 2014
Consumer Remediation [Member]
Mortgage Modification Investigation and HAMP [Member]
Maximum [Member]
Sep. 30, 2015
Cash payment for litigation [Member]
Potential Mortgage Servicing Settlement and Claims [Member]
Sep. 30, 2014
Housing counseling for homeowners [Member]
Mortgage Modification Investigation and HAMP [Member]
Jul. 25, 2014
Civil money penalty [Member]
Consent Order Foreclosure Actions [Member]
Sep. 30, 2015
Consumer relief obligation [Member]
Potential Mortgage Servicing Settlement and Claims [Member]
Sep. 30, 2014
Mortgage Modification Investigation and HAMP [Member]
Restitution to Fannie Mae and Freddie Mac [Member]
Sep. 30, 2014
Mortgage Modification Investigation and HAMP [Member]
Cash payment for litigation [Member]
Aggregate range of reasonably possible losses on legal matters in excess of the accrued liability
$ 0 
$ 160 
 
 
 
 
 
 
 
 
 
 
Loss Contingency, Damages Awarded, Value
 
 
$ 204 
$ 46 
$ 179 
$ 274 
$ 50 
$ 20 
$ 160 
$ 500 
$ 10 
$ 16 
Business Segment Reporting (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
segments
Sep. 30, 2014
Number of Operating Segments
 
 
3 
 
Segment Reporting Information Average Total Loans
$ 132,837 
$ 130,747 
$ 133,000 
$ 130,010 
Segment Reporting Information Average Total Deposits
145,226 
132,195 
142,869 
130,369 
Average total assets
188,341 
183,433 
188,635 
180,098 
Average total liabilities
164,957 
161,242 
165,369 
158,126 
Average total equity
23,384 
22,191 
23,266 
21,972 
Net, interest income
1,211 
1,215 
3,518 
3,629 
FTE adjustment
36 
36 
107 
105 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
1,247 1
1,251 1
3,625 1
3,734 1
Provision for Loan, Lease, and Other Losses
32 2
93 2
114 2
268 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
1,215 
1,158 
3,511 
3,466 
Total noninterest income
811 
780 
2,503 
2,528 
Noninterest Expense
1,264 
1,259 
3,872 
4,134 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
762 
679 
2,142 
1,860 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
223 3
103 3
686 3
469 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
539 
576 
1,456 
1,391 
Net Income (Loss) Attributable to Noncontrolling Interest
2 
0 
7 
11 
Net Income (Loss) Attributable to Parent
537 
576 
1,449 
1,380 
Consumer Banking and Private Wealth Management [Member]
 
 
 
 
Segment Reporting Information Average Total Loans
40,206 
41,904 
40,556 
41,564 
Segment Reporting Information Average Total Deposits
91,016 
86,194 
90,935 
85,190 
Average total assets
45,874 
47,586 
46,493 
47,244 
Average total liabilities
91,671 
86,888 
91,578 
85,931 
Average total equity
0 
0 
0 
0 
Net, interest income
688 
666 
2,029 
1,957 
FTE adjustment
0 
0 
0 
0 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
688 1
666 1
2,029 1
1,957 1
Provision for Loan, Lease, and Other Losses
22 2
40 2
101 2
135 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
666 
626 
1,928 
1,822 
Total noninterest income
384 
399 
1,136 
1,141 
Noninterest Expense
720 
720 
2,167 
2,154 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
330 
305 
897 
809 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
123 3
112 3
334 3
297 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
207 
193 
563 
512 
Net Income (Loss) Attributable to Noncontrolling Interest
0 
0 
0 
0 
Net Income (Loss) Attributable to Parent
207 
193 
563 
512 
Wholesale Banking [Member]
 
 
 
 
Segment Reporting Information Average Total Loans
67,274 
63,542 
67,547 
61,297 
Segment Reporting Information Average Total Deposits
51,237 
43,319 
49,147 
42,899 
Average total assets
80,097 
75,156 
80,777 
72,646 
Average total liabilities
56,611 
49,955 
54,826 
49,594 
Average total equity
0 
0 
0 
0 
Net, interest income
447 
419 
1,321 
1,220 
FTE adjustment
35 
34 
103 
102 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
482 1
453 1
1,424 1
1,322 1
Provision for Loan, Lease, and Other Losses
47 2
9 2
73 2
39 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
435 
444 
1,351 
1,283 
Total noninterest income
293 
241 
949 
828 
Noninterest Expense
388 
367 
1,189 
1,180 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
340 
318 
1,111 
931 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
109 3
94 3
371 3
296 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
231 
224 
740 
635 
Net Income (Loss) Attributable to Noncontrolling Interest
0 
0 
0 
0 
Net Income (Loss) Attributable to Parent
231 
224 
740 
635 
Mortgage Banking
 
 
 
 
Segment Reporting Information Average Total Loans
25,299 
25,261 
24,847 
27,106 
Segment Reporting Information Average Total Deposits
2,918 
2,664 
2,754 
2,260 
Average total assets
29,280 
30,447 
28,595 
31,078 
Average total liabilities
3,290 
3,085 
3,139 
2,763 
Average total equity
0 
0 
0 
0 
Net, interest income
123 
148 
366 
422 
FTE adjustment
0 
0 
0 
0 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
123 1
148 1
366 1
422 1
Provision for Loan, Lease, and Other Losses
(38)2
44 2
(61)2
94 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
161 
104 
427 
328 
Total noninterest income
109 
130 
346 
350 
Noninterest Expense
154 
166 
511 
717 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
116 
68 
262 
(39)
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
11 3
25 3
45 3
(16)3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
105 
43 
217 
(23)
Net Income (Loss) Attributable to Noncontrolling Interest
0 
0 
0 
0 
Net Income (Loss) Attributable to Parent
105 
43 
217 
(23)
Corporate Other
 
 
 
 
Segment Reporting Information Average Total Loans
70 
46 
59 
50 
Segment Reporting Information Average Total Deposits
84 
83 
85 
85 
Average total assets
29,878 
27,326 
29,469 
26,313 
Average total liabilities
13,397 
21,356 
15,894 
19,869 
Average total equity
0 
0 
0 
0 
Net, interest income
40 
70 
103 
220 
FTE adjustment
1 
1 
2 
2 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
41 1
71 1
105 1
222 1
Provision for Loan, Lease, and Other Losses
0 
0 
0 
0 
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
41 
71 
105 
222 
Total noninterest income
29 
14 
84 
222 
Noninterest Expense
6 
12 
18 
95 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
64 
73 
171 
349 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
22 3
(108)3
61 3
(41)3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
42 
181 
110 
390 
Net Income (Loss) Attributable to Noncontrolling Interest
2 
0 
7 
11 
Net Income (Loss) Attributable to Parent
40 
181 
103 
379 
Reconciling Items
 
 
 
 
Segment Reporting Information Average Total Loans
(12)
(6)
(9)
(7)
Segment Reporting Information Average Total Deposits
(29)
(65)
(52)
(65)
Average total assets
3,212 
2,918 
3,301 
2,817 
Average total liabilities
(12)
(42)
(68)
(31)
Average total equity
23,384 
22,191 
23,266 
21,972 
Net, interest income
(87)
(88)
(301)
(190)
FTE adjustment
0 
1 
2 
1 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
(87)1
(87)1
(299)1
(189)1
Provision for Loan, Lease, and Other Losses
1 2
0 
1 2
0 
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
(88)
(87)
(300)
(189)
Total noninterest income
(4)
(4)
(12)
(13)
Noninterest Expense
(4)
(6)
(13)
(12)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
(88)
(85)
(299)
(190)
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
(42)3
(20)3
(125)3
(67)3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
(46)
(65)
(174)
(123)
Net Income (Loss) Attributable to Noncontrolling Interest
0 
0 
0 
0 
Net Income (Loss) Attributable to Parent
$ (46)
$ (65)
$ (174)
$ (123)
Accumulated Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
$ 302 
$ 169 
$ 302 
$ 169 
$ 183 
$ 298 
$ 206 
$ (77)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax
191 
111 
191 
111 
107 
97 
193 
279 
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax
(581)
(457)
(581)
(457)
(584)
(517)
(458)
(491)
Accumulated Other Comprehensive Income (Loss), Net of Tax
(88)
(177)
(88)
(177)
(294)
(122)
(59)
(289)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax
123 
(43)
17 
239 
 
 
 
 
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax
128 
(19)
212 
23 
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax
0 
0 
0 
0 
 
 
 
 
Other Comprehensive Income (Loss), Total Unrealized Gain (Loss) Arising During Period, Net of Tax
251 
(62)
229 
262 
 
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax
(4)
6 
(13)
7 
 
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax
(44)
(63)
(118)
(191)
 
 
 
 
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax
3 
1 
(64)
34 
 
 
 
 
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax
(45)
(56)
(195)
(150)
 
 
 
 
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
119 
(37)
4 
246 
 
 
 
 
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax
84 
(82)
94 
(168)
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax
3 
1 
(64)
34 
 
 
 
 
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
$ 206 
$ (118)
$ 34 
$ 112 
 
 
 
 
Accumulated Other Comprehensive Income Reclassifications out of AOCI (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
$ 302 
$ 169 
$ 302 
$ 169 
$ 183 
$ 298 
$ 206 
$ (77)
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, before Tax
(7)
9 
(21)
11 
 
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax
3 
(3)
8 
(4)
 
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax
(4)
6 
(13)
7 
 
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax
(70)
(99)
(187)
(302)
 
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax
26 
36 
69 
111 
 
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax
(44)
(63)
(118)
(191)
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
4 
2 
(108)
54 
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax
(1)
(1)
44 
(20)
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax
3 
1 
(64)
34 
 
 
 
 
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax
(45)
(56)
(195)
(150)
 
 
 
 
Other Assets And Liabilities, Net [Member]
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
0 
0 
(120)
46 
 
 
 
 
Amortization of Actuarial Loss [Member]
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
5 
4 
16 
12 
 
 
 
 
Amortization of Prior Service Credit [Member]
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
$ (1)
$ (2)
$ (4)
$ (4)