SUNTRUST BANKS INC, 10-K filed on 2/24/2014
Annual Report
Document and Entity Information (USD $)
In Billions, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Feb. 19, 2014
Jun. 28, 2013
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-K 
 
 
Document Period End Date
Dec. 31, 2012 
Dec. 31, 2013 
 
 
Document Fiscal Year Focus
 
2013 
 
 
Document Fiscal Period Focus
 
Q4 
 
 
Amendment Flag
 
false 
 
 
Entity Common Stock, Shares Outstanding
 
 
534,671,799 
 
Entity Well-known Seasoned Issuer
 
Yes 
 
 
Entity Voluntary Filers
 
No 
 
 
Entity Current Reporting Status
 
Yes 
 
 
Entity Public Float
 
 
 
$ 17.0 
Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest Income
 
 
 
Interest and fees on loans
$ 4,633 
$ 5,035 
$ 5,219 
Interest and fees on loans held for sale
107 
112 
93 
Interest and Dividend Income, Securities, Available-for-sale
579 
655 1
791 1
Trading account interest and other
69 
65 
78 
Total interest income
5,388 
5,867 
6,181 
Interest Expense
 
 
 
Interest on deposits
291 
429 
624 
Interest Expense, Long-term Debt
210 
299 
449 
Interest on other borrowings
34 
37 
43 
Total interest expense
535 
765 
1,116 
Net, interest income
4,853 
5,102 
5,065 
Provision for Loan, Lease, and Other Losses
553 
1,395 2
1,513 2
Interest Income (Expense), after Provision for Loan Loss
4,300 
3,707 
3,552 
Noninterest Income
 
 
 
Service charges on deposit accounts
657 
676 
685 
Fees and Commissions, Other
369 
402 
415 
Fees and Commissions, Credit and Debit Cards
310 
316 
463 
Fees and Commissions, Fiduciary and Trust Activities
518 
512 
531 
Investment Advisory, Management and Administrative Fees
267 
241 
230 
Investment Banking Revenue
356 
342 
317 
Trading Gain (Loss)
182 
211 
248 
Fees and Commissions, Mortgage Banking
314 
343 
(5)
Servicing Fees, Net
87 
260 
224 
Gain (Loss) on Sale of Securities, Net
2 3
1,974 3
117 3
Noninterest Income, Other Operating Income
152 
96 
196 
Total noninterest income
3,214 
5,373 
3,421 
Noninterest Expense
 
 
 
Employee compensation
2,488 
2,603 
2,494 
Other Labor-related Expenses
413 
474 
382 
Outside processing and software
746 
710 
653 
Net occupancy expense
348 
359 
356 
Operating losses
503 
277 
377 
Credit and collection services
264 
239 
275 
Federal Deposit Insurance Corporation Premium Expense
181 
233 
300 
Equipment Expense
181 
188 
178 
Marketing and Advertising Expense
135 
184 
184 
Professional Fees
73 
165 
120 
Amortization of Intangible Assets and Impairment of Goodwill
23 
46 
43 
Gains (Losses) on Sales of Other Real Estate
(4)
(140)
(264)
Net loss/(gain) on extinguishment of debt
0 
(16)
3 
Other Noninterest Expense
521 
689 
611 
Noninterest Expense
5,880 
6,323 
6,234 
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest
1,634 
2,757 
739 
Income Tax Expense (Benefit)
273 
773 
79 
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,361 
1,984 
660 
Net Income (Loss) Attributable to Noncontrolling Interest
17 
26 
13 
Net Income (Loss) Attributable to Parent
1,344 
1,958 
647 
Net Income (Loss) Available to Common Stockholders, Basic
$ 1,297 
$ 1,931 
$ 495 
Earnings Per Share, Diluted
$ 2.41 
$ 3.59 
$ 0.94 
Earnings Per Share, Basic
$ 2.43 
$ 3.62 
$ 0.94 
Common Stock, Dividends, Per Share, Declared
$ 0.35 
$ 0.20 
$ 0.12 
Weighted Average Number of Shares Outstanding, Diluted
539,093 
538,061 
527,618 
Weighted Average Number of Shares Outstanding, Basic
534,283 
534,149 
523,995 
Consolidated Statements of Income (Parenthetical) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dividends on common stock of The Coca-Cola Company
 
$ 31 1
$ 56 
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities
1 
7 
6 
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities
0 2
1 2
2 2
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities
1 
7 
6 
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities
$ 1 
$ 6 
$ 4 
Consolidated Statement of Comprehensive Income (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net Income (Loss) Attributable to Parent
$ 1,344 
$ 1,958 
$ 647 
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
(597)
(1,343)
337 
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax
(253)
(37)
37 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax
252 
(60)
(241)
Other Comprehensive Income (Loss), Net of Tax
(598)
(1,440)
133 
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
$ 746 
$ 518 
$ 780 
Consolidated Statement of Comprehensive Income (Parenthetical) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax
$ (349)
$ (738)
$ 199 
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Effect
(148)
(25)
22 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Tax
$ 147 
$ (35)
$ (141)
Consolidated Balance Sheets (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets
 
 
Cash and Due from Banks
$ 4,258 
$ 7,134 
Federal Funds Sold and Securities Purchased under Agreements to Resell
983 
1,101 
Interest-bearing Deposits in Banks and Other Financial Institutions
22 
22 
Cash and cash equivalents
5,263 
8,257 
Trading assets
5,040 
6,227 
Available-for-sale Securities
22,542 
21,953 
Loans Held for Sale
1,699 1
3,399 1
Loans held for investment
127,877 2
121,470 2
Loans and Leases Receivable, Allowance
(2,044)
(2,174)
Net loans
125,833 
119,296 
Premises and equipment
1,565 
1,564 
Goodwill
6,369 
6,369 
Intangible Assets, Net (Excluding Goodwill)
1,334 
956 
Other real estate owned
170 
264 
Other Assets
5,520 
5,157 
Total assets
175,335 
173,442 
Liabilities and Shareholders' Equity
 
 
Noninterest-bearing consumer and commercial deposits
38,800 
39,481 
Interest-bearing Deposit Liabilities
90,959 
92,835 
Total deposits
129,759 
132,316 
Funds purchased
1,192 
617 
Securities Sold under Agreements to Repurchase
1,759 3
1,574 3
Other Short-term Borrowings
5,788 
3,303 
Long-term Debt
10,700 4
9,357 4
Trading liabilities
1,181 
1,176 
Other Liabilities
3,534 
4,114 
Total liabilities
153,913 
152,457 
Preferred Stock, Value, Outstanding
725 
725 
Common Stock, Value, Outstanding
550 
550 
Additional paid in capital
9,115 
9,174 
Retained earnings
11,936 
10,817 
Treasury stock, at cost, and other
(615)5
(590)5
Accumulated Other Comprehensive Income (Loss), Net of Tax
(289)
309 
Total shareholders' equity
21,422 
20,985 
Total liabilities and shareholders' equity
$ 175,335 
$ 173,442 
Common Stock, Shares, Outstanding
536,097 
538,959 
Common shares authorized
750,000 
750,000 
Preferred Stock, Shares Outstanding
7 
7 
Preferred Stock, Shares Authorized
50,000 
50,000 
Treasury shares of common stock
13,824 
10,962 
Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Per Share data, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Loans Held-for-sale, Fair Value Disclosure
$ 1,378 
$ 3,243 
Loans Receivable, Fair Value Disclosure
302 
379 
Servicing Asset at Fair Value, Amount
1,300 
899 
Deposits, Fair Value Disclosure
764 
832 
Long-term Debt, Fair Value
1,556 
1,622 
Common stock, par value
$ 1.00 
$ 1.00 
Loans Receivable Held-for-sale, Net
1,699 1
3,399 1
Loans held for investment
127,877 2
121,470 2
Long-term Debt
10,700 3
9,357 3
Stockholders' Equity Attributable to Noncontrolling Interest
119 
114 
Variable Interest Entity, Primary Beneficiary [Member]
 
 
Long-term Debt, Fair Value
256 
286 
Loans Receivable Held-for-sale, Net
 
319 
Loans held for investment
327 
365 
Long-term Debt
597 
666 
Repurchase Agreements [Member]
 
 
Trading Securities Pledged as Collateral
731 
727 
Portion at Fair Value Measurement [Member] |
Variable Interest Entity, Primary Beneficiary [Member]
 
 
Loans Receivable Held-for-sale, Net
$ 261 
$ 319 
Consolidated Statements of Shareholders' Equity (USD $)
In Millions, except Share data, unless otherwise specified
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock and Other
Accumulated Other Comprehensive Income (Loss) [Member]
Common Stock [Member]
Common Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Series C and Series D Preferred Stock [Member]
Preferred Stock [Member]
Series C and Series D Preferred Stock [Member]
Retained Earnings [Member]
Series B Preferred Stock [Member]
Series B Preferred Stock [Member]
Preferred Stock [Member]
Series E Preferred Stock [Member]
Series E Preferred Stock [Member]
Preferred Stock [Member]
Series E Preferred Stock [Member]
Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, beginning of period at Dec. 31, 2010
$ 23,130 
$ 4,942 
$ 515 
$ 8,403 
$ 8,542 
$ (888)1
$ 1,616 2
 
 
 
 
 
 
 
 
 
 
Common Stock, Shares, Outstanding, beginning of period at Dec. 31, 2010
 
 
500,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Increase (Decrease) in Stockholders' Equity [Roll Forward]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Parent
647 
 
 
 
647 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), Net of Tax
133 
 
 
 
 
 
133 2
 
 
 
 
 
 
 
 
 
 
Noncontrolling Interest, Period Increase (Decrease)
(22)
 
 
 
 
(22)1
 
 
 
 
 
 
 
 
 
 
 
Dividends, Common Stock, Cash
(64)
 
 
 
(64)
 
 
 
 
 
 
 
 
 
 
 
 
Dividends, Preferred Stock, Cash
(7)
 
 
 
(7)
 
 
 
 
 
 
 
 
 
 
 
 
Dividends Us Treasury Preferred Stock Dividends
(60)
 
 
 
(60)
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock, Accretion of Redemption Discount
0 
 
 
 
 
 
 
 
 
 
6 
(6)
 
 
 
 
 
Stock Redeemed or Called During Period, Value
(4,850)
 
 
 
 
 
 
 
 
 
(4,776)
(74)
 
 
 
 
 
Adjustments to Additional Paid in Capital, Other
(11)
 
 
(11)
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, New Issues
 
 
 
 
 
 
 
1,017 
35 
982 
 
 
103 
103 
 
 
 
Stock Issued During Period, Shares, New Issues
 
 
 
 
 
 
 
 
35,000,000 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Stock Options Exercised
12 
 
 
11 
 
1 1
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures
 
 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures
(8)
 
 
(58)
 
50 1
 
 
 
 
 
 
 
 
 
 
 
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition
32 
 
 
 
 
32 1
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Shares, Employee Benefit Plan
 
 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Employee Benefit Plan
14 
 
 
(21)
 
35 1
 
 
 
 
 
 
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Dec. 31, 2011
20,066 
275 
550 
9,306 
8,978 
(792)1
1,749 2
 
 
 
 
 
 
 
 
 
 
Common Stock, Shares, Outstanding, end of period at Dec. 31, 2011
 
 
537,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Increase (Decrease) in Stockholders' Equity [Roll Forward]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Parent
1,958 
 
 
 
1,958 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), Net of Tax
(1,440)
 
 
 
 
 
(1,440)2
 
 
 
 
 
 
 
 
 
 
Noncontrolling Interest, Period Increase (Decrease)
7 
 
 
 
 
7 1
 
 
 
 
 
 
 
 
 
 
 
Dividends, Common Stock, Cash
(107)
 
 
 
(107)
 
 
 
 
 
 
 
 
 
 
 
 
Dividends, Preferred Stock, Cash
(12)
 
 
 
(12)
 
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, New Issues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
438 
450 
(12)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
 
 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Stock Options Exercised
21 
 
 
(44)
 
65 1
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures
 
 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures
6 
 
 
(63)
 
69 1
 
 
 
 
 
 
 
 
 
 
 
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition
30 
 
 
 
 
30 1
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Employee Benefit Plan
18 
 
 
(13)
 
31 1
 
 
 
 
 
 
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Dec. 31, 2012
20,985 
725 
550 
9,174 
10,817 
(590)1
309 2
 
 
 
 
 
 
 
 
 
 
Common Stock, Shares, Outstanding, end of period at Dec. 31, 2012
538,959,000 
 
539,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Increase (Decrease) in Stockholders' Equity [Roll Forward]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Parent
1,344 
 
 
 
1,344 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), Net of Tax
(598)
 
 
 
 
 
(598)2
 
 
 
 
 
 
 
 
 
 
Noncontrolling Interest, Period Increase (Decrease)
5 
 
 
 
 
5 1
 
 
 
 
 
 
 
 
 
 
 
Dividends, Common Stock, Cash
(188)
 
 
 
(188)
 
 
 
 
 
 
 
 
 
 
 
 
Dividends, Preferred Stock, Cash3
(37)
 
 
 
(37)
 
 
 
 
 
 
 
 
 
 
 
 
Treasury Stock, Shares, Acquired
 
 
 
 
 
 
 
 
(5,000,000)
 
 
 
 
 
 
 
 
Treasury Stock, Value, Acquired, Cost Method
(150)
 
 
 
 
(150)1
 
 
 
 
 
 
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
 
 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Stock Options Exercised
16 
 
 
(27)
 
43 1
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures
 
 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures
4 
 
 
(35)
 
39 1
 
 
 
 
 
 
 
 
 
 
 
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition
32 
 
 
 
 
32 1
 
 
 
 
 
 
 
 
 
 
 
Stock Issued During Period, Value, Employee Benefit Plan
9 
 
 
3 
 
6 1
 
 
 
 
 
 
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, end of period at Dec. 31, 2013
$ 21,422 
$ 725 
$ 550 
$ 9,115 
$ 11,936 
$ (615)1
$ (289)2
 
 
 
 
 
 
 
 
 
 
Common Stock, Shares, Outstanding, end of period at Dec. 31, 2013
536,097,000 
 
536,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Statements of Shareholders' Equity (Parenthetical) (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Common stock dividends, per share
$ 0.35 
$ 0.20 
$ 0.12 
Treasury Stock, Value
$ (615)1
$ (590)1
 
Stockholders' Equity Attributable to Noncontrolling Interest
119 
114 
 
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
(77)
520 
1,863 
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax
279 
532 
569 
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax
(491)
(743)
(683)
Treasury Stock and Other
 
 
 
Treasury Stock, Value
(684)
(656)
(851)
Deferred Compensation Equity
(50)
(48)
(48)
Stockholders' Equity Attributable to Noncontrolling Interest
 
$ 114 
$ 107 
Series A Preferred Stock [Member]
 
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
$ 4,056 
$ 4,052 
$ 4,056 
Series B Preferred Stock [Member]
 
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
$ 4,056 
$ 4,052 
 
Series E Preferred Stock [Member]
 
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
$ 5,793 
$ 0 
 
Series C and Series D Preferred Stock [Member]
 
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
 
 
$ 1,236 
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities:
 
 
 
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
$ 1,361 
$ 1,984 
$ 660 
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
 
 
 
Depreciation, Amortization and Accretion, Net
708 
757 
760 
Goodwill impairment
0 
7 
0 
Origination of Mortgage Servicing Rights (MSRs)
352 
336 
224 
Provisions for credit losses and foreclosed property
605 
1,535 
1,664 
Mortgage repurchase provision
114 
713 
502 
Deferred Income Tax Expense (Benefit)
495 
194 
83 
Stock Option Compensation And Amortization Of Restricted Stock Compensation
34 
35 
44 
Net loss/(gain) on extinguishment of debt
0 
(16)
3 
Gain (Loss) on Sale of Securities, Net
2 1
1,974 1
117 1
Net gain on sale of assets
(267)
(1,063)
(390)
Gain on pension curtailment
0 
0 
88 
Net decrease/(increase) in loans held for sale
2,104 
194 
2,234 
Net (increase)/decrease in other assets
235 
974 
(604)
Increase (Decrease) in Other Operating Liabilities
(827)
(1,026)
18 
Net Cash Provided by (Used in) Operating Activities
4,208 
2,010 
4,539 
Cash Flows from Investing Activities:
 
 
 
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities
5,522 
7,371 
5,557 
Proceeds from sales of securities available for sale
2,063 
4,300 
12,557 
Purchases of securities available for sale
(9,215)
(5,814)
(18,872)
Proceeds from maturities, calls, and paydowns of trading securities
2 
3 
139 
Proceeds from sales of trading securities
8 
0 
102 
Proceeds from (payments for) Originations and Purchases of Loans Held-for-investment
(8,409)
(6,400)
(10,575)
Proceeds from sales of loans
819 
4,916 
270 
Capital expenditures
(200)
(206)
(131)
Payments related to acquisitions, including contingent consideration
3 
12 
24 
Proceeds from Sale of Other Real Estate
472 
585 
735 
Net cash (used in)/provided by investing activities
(8,941)
4,743 
(10,242)
Cash Flows from Financing Activities:
 
 
 
Net (decrease)/increase in total deposits
(2,557)
4,394 
4,878 
Net increase/(decrease) in funds purchased, securities sold under agreements to repurchase, and other short-term borrowings
3,245 
(5,972)
6,650 
Proceeds from Issuance of Long-term Debt
1,564 
4,000 
1,749 
Repayment of long-term debt
(155)
(5,772)
(4,571)
Proceeds from the issuance of common stock
0 
0 
1,017 
Proceeds from Issuance of Preferred Stock and Preference Stock
0 
438 
103 
Repurchase of preferred stock
0 
0 
4,850 
Payments for Repurchase of Warrants
0 
0 
(11)
Payments for Repurchase of Common Stock
(150)
0 
0 
Common and preferred dividends paid
(225)
(119)
(131)
Stock option activity
17 
26 
0 
Net cash provided by/(used in) financing activities
1,739 
(3,005)
4,834 
Net (decrease)/increase in cash and cash equivalents
(2,994)
3,748 
(869)
Cash and cash equivalents at beginning of period
8,257 
4,509 
5,378 
Cash and cash equivalents at end of period
5,263 
8,257 
4,509 
Supplemental Disclosures:
 
 
 
Interest Paid
533 
774 
1,138 
Income Taxes Paid
168 
607 
68 
Proceeds from Income Tax Refunds
99 
1 
1 
Transfer of Loans Held-for-sale to Portfolio Loans
43 
71 
63 
Loans transferred from loans to loans held for sale
280 
3,695 
754 
Transfer to Other Real Estate
255 
399 
725 
Amortization Of Deferred Gain On Sale Lease Back Of Premises
58 
67 
59 
Accretion of discount for preferred stock issued to the U.S. Treasury
$ 0 
$ 0 
$ 80 
Acquisitions/Dispositions Acquisitions/Dispositions (Notes)
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
NOTE 2 - ACQUISITIONS/DISPOSITIONS
During the three years ended December 31, 2013, the Company consummated the following acquisitions:
 
(Dollars in millions)
 
Date
 
Cash paid
 
Goodwill
 
Other Intangibles
 
Gain
 
Comments
2012
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition of assets of FirstAgain, LLC
 
6/22/2012
 

($12
)
 

$32

 

$—

 

$—

 
Goodwill recorded is tax-deductible.
2011
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition of certain additional assets of CSI Capital Management
 
5/9/2011
 
(19
)
 
20

 
7

 
—

 
Goodwill and intangibles  recorded are tax-deductible.

There were no material acquisitions or dispositions during the year ended December 31, 2013; however, the Company reached a definitive agreement in 2013 to sell RidgeWorth, and the sale is expected to close in the second quarter of 2014. See Note 20, "Business Segment Reporting," for additional detail.
Significant Accounting Policies
Significant Accounting Policies [Text Block]
NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES
General

SunTrust, one of the nation's largest commercial banking organizations, is a financial services holding company with its headquarters in Atlanta, Georgia. Through its principal subsidiary, SunTrust Bank, the Company offers a full line of financial services for consumers and businesses including deposit, credit, mortgage banking, and trust and investment services. Additional subsidiaries provide asset management, securities brokerage, and capital market services. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. In certain businesses, SunTrust also operates in select markets nationally. SunTrust provides clients with a selection of technology-based banking channels, including the internet, mobile, ATMs, and telebanking. SunTrust’s client base encompasses a broad range of individuals and families, businesses, institutions, and governmental agencies. Within its geographic footprint, SunTrust operated under the following business segments during 2013: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking, with the other activities included in Corporate Other. For additional information on the Company’s business segments, see Note 20, “Business Segment Reporting.”

Principles of Consolidation and Basis of Presentation

The consolidated financial statements include the accounts of the Company and its subsidiaries after elimination of all significant intercompany accounts and transactions.

The Company holds VIs, which are contractual ownership or other interests that change with changes in the fair value of a VIE's net assets. The Company consolidates a VIE if it is the primary beneficiary, which is the party that has both the power to direct the activities that most significantly impact the financial performance of the VIE and the obligation to absorb losses or rights to receive benefits through its VIs that could potentially be significant to the VIE. To determine whether or not a VI held by the Company could potentially be significant to the VIE, both qualitative and quantitative factors regarding the nature, size, and form of the Company's involvement with the VIE are considered. The assessment of whether or not the Company is the primary beneficiary of a VIE is performed on an on-going basis. The Company consolidates VOEs, which are entities that are not VIEs, that are controlled through the Company's equity interests.

Investments in companies which are not VIEs, or where the Company is not the primary beneficiary of a VIE, that the Company has the ability to exercise significant influence over operating and financing decisions, are accounted for using the equity method of accounting. These investments are included in other assets in the Consolidated Balance Sheets at cost, adjusted to reflect the Company's portion of income, loss, or dividends of the investee. Unconsolidated equity investments that do not meet the criteria to be accounted for under the equity method are accounted for under the cost method. Cost method investments are included in other assets in the Consolidated Balance Sheets and dividends received or receivable from these investments are included as a component of other noninterest income in the Consolidated Statements of Income.

Results of operations of companies purchased are included from the date of acquisition. Results of operations associated with companies or net assets sold are included through the date of disposition. The Company reports any noncontrolling interests in its subsidiaries in the equity section of the Consolidated Balance Sheets and separately presents the income or loss attributable to the noncontrolling interest of a consolidated subsidiary in its Consolidated Statements of Income. Assets and liabilities of purchased companies are initially recorded at estimated fair values at the date of acquisition.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. 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.

Cash and Cash Equivalents

Cash and cash equivalents include cash and due from banks, interest-bearing deposits in other banks, Fed funds sold, securities borrowed and purchased under agreements to resell. Cash and cash equivalents have maturities of three months or less, and accordingly, the carrying amount of these instruments is deemed to be a reasonable estimate of fair value.

Securities and Trading Activities

Debt securities and marketable equity securities are classified at trade date as trading or securities AFS. Trading account assets and liabilities are carried at fair value with changes in fair value recognized within noninterest income. Securities AFS are used as part of the overall asset and liability management process to optimize income and market performance over an entire interest rate cycle. Interest income and dividends on securities are recognized in interest income on an accrual basis. Premiums and discounts on debt securities are amortized as an adjustment to yield over the estimated life of the security. Securities AFS are carried at fair value with unrealized gains and losses, net of any tax effect, included in AOCI as a component of shareholders’ equity. Realized gains and losses, including OTTI, are determined using the specific identification method and are recognized as a component of noninterest income in the Consolidated Statements of Income.

On a quarterly basis, securities AFS are reviewed for possible OTTI. In determining whether OTTI exists for securities in an unrealized loss position, the Company assesses whether it has the intent to sell the security or, for debt securities, the Company assesses the likelihood of selling the security prior to the recovery of its amortized cost basis. If the Company intends to sell the debt security or it is more-likely-than-not that the Company will be required to sell the debt security prior to the recovery of its amortized cost basis, the debt security is written down to fair value, and the full amount of any impairment charge is recognized as a component of noninterest income in the Consolidated Statements of Income. If the Company does not intend to sell the debt security and it is more-likely-than-not that the Company will not be required to sell the debt security prior to recovery of its amortized cost basis, only the credit component of any impairment of a debt security is recognized as a component of noninterest income in the Consolidated Statements of Income, with the remaining impairment recorded in OCI.

The OTTI review for marketable equity securities includes an analysis of the facts and circumstances of each individual investment and focuses on the severity of loss, the length of time the fair value has been below cost, the expectation for that security's performance, the financial condition and near-term prospects of the issuer, and management's intent and ability to hold the security to recovery. A decline in value of an equity security that is considered to be other-than-temporary is recognized as a component of noninterest income in the Consolidated Statements of Income.

Nonmarketable equity securities are accounted for under the cost or equity method and are included in other assets in the Consolidated Balance Sheets. The Company reviews nonmarketable securities accounted for under the cost method on a quarterly basis, and reduces the asset value when declines in value are considered to be other-than-temporary. Equity method investments are recorded at cost, adjusted to reflect the Company’s portion of income, loss, or dividends of the investee. Realized income, realized losses, and estimated other-than-temporary unrealized losses on cost and equity method investments are recognized in noninterest income in the Consolidated Statements of Income.

For additional information on the Company’s securities activities, see Note 4, “Trading Assets and Liabilities and Derivatives,” and Note 5, “Securities Available for Sale.”

Loans Held for Sale

The Company’s LHFS generally includes certain residential mortgage loans, commercial loans, and student loans. Loans are initially classified as LHFS when they are identified as being available for immediate sale and a formal plan exists to sell them. LHFS are recorded at either fair value, if elected, or the lower of cost or fair value on an individual loan basis. Origination fees and costs for LHFS recorded at LOCOM are capitalized in the basis of the loan and are included in the calculation of realized gains and losses upon sale. Origination fees and costs are recognized in earnings at the time of origination for LHFS that are recorded at fair value. Fair value is derived from observable current market prices, when available, and includes loan servicing value. When observable market prices are not available, the Company uses judgment and estimates fair value using internal models, in which the Company uses its best estimates of assumptions it believes would be used by market participants in estimating fair value. Adjustments to reflect unrealized gains and losses resulting from changes in fair value and realized gains and losses upon ultimate sale of the loans are classified as noninterest income in the Consolidated Statements of Income.

The Company may transfer certain residential mortgage loans, commercial loans, and student loans to a held for sale classification at LOCOM. At the time of transfer, any credit losses are recorded as a reduction in the ALLL. Subsequent credit losses, as well as incremental interest rate or liquidity related valuation adjustments, are recorded as a component of noninterest income in the Consolidated Statements of Income. The Company may also transfer loans from held for sale to held for investment. At the time of transfer, any difference between the carrying amount of the loan and its outstanding principal balance is recognized as an adjustment to yield using the interest method, unless the loan was elected upon origination to be accounted for at fair value. If a held for sale loan is transferred to held for investment for which fair value accounting was elected, it will continue to be accounted for at fair value in the held for investment portfolio. For additional information on the Company’s LHFS activities, see Note 6, “Loans.”

Loans

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are considered LHFI. The Company’s loan balance is comprised of loans held in portfolio, including commercial loans, consumer loans, and residential loans. Interest income on all types of loans, except those classified as nonaccrual, is accrued based upon the outstanding principal amounts using the effective yield method.

Commercial loans (commercial & industrial, commercial real estate, and commercial construction) are considered to be past due when payment is not received from the borrower by the contractually specified due date. The Company typically classifies commercial loans as nonaccrual when one of the following events occurs: (i) interest or principal has been past due 90 days or more, unless the loan is both well secured and in the process of collection; (ii) collection of recorded interest or principal is not anticipated; or (iii) income for the loan is recognized on a cash basis due to the deterioration in the financial condition of the debtor. When a loan is placed on nonaccrual, unpaid interest is reversed against interest income. Interest income on nonaccrual loans, if recognized, is recognized after the principal has been reduced to zero. If and when commercial borrowers demonstrate the ability to repay a loan in accordance with the contractual terms of a loan classified as nonaccrual, the loan may be returned to accrual status upon meeting all regulatory, accounting, and internal policy requirements.

Consumer loans (guaranteed and private student loans, other direct, indirect, and credit card) are considered to be past due when payment is not received from the borrower by the contractually specified due date. Guaranteed student loans continue to accrue interest regardless of delinquency status because collection of principal and interest is reasonably assured. Other direct and indirect loans are typically placed on nonaccrual when payments have been past due for 90 days or more except when the borrower has declared bankruptcy, in which case, they are moved to nonaccrual status once they become 60 days past due. When a loan is placed on nonaccrual, unpaid interest is reversed against interest income. Interest income on nonaccrual loans, if recognized, is recognized on a cash basis. Nonaccrual consumer loans are typically returned to accrual status once they are no longer past due.

Residential loans (guaranteed and nonguaranteed residential mortgages, home equity products, and residential construction) are considered to be past due when a monthly payment is due and unpaid for one month. Guaranteed residential mortgages continue to accrue interest regardless of delinquency status because collection of principal and interest is reasonably assured. Nonguaranteed residential mortgages and residential construction loans are generally placed on nonaccrual when three payments are past due. Home equity products are generally placed on nonaccrual when payments are 90 days past due. The exceptions for nonguaranteed residential mortgages, residential construction loans, and home equity products are: (i) when the borrower has declared bankruptcy, in which case, they are moved to nonaccrual status once they become 60 days past due; (ii) loans discharged in Chapter 7 bankruptcy that have not been reaffirmed by the borrower, in which case, they are moved to nonaccrual status immediately; and (iii) second lien loans which are classified as nonaccrual when the first lien loan is classified as nonaccrual even if the second lien loan is performing. When a loan is placed on nonaccrual, unpaid interest is reversed against interest income. Interest income on nonaccrual loans, if recognized, is recognized on a cash basis. Nonaccrual residential loans are typically returned to accrual status once they no longer meet the delinquency threshold that resulted in them initially being moved to nonaccrual status, with the exception of the aforementioned Chapter 7 bankruptcy loans, which remain on nonaccrual until there is six months of payment performance following discharge by the bankruptcy court.

TDRs are loans in which the borrower is experiencing financial difficulty at the time of restructure and the borrower received an economic concession either from the Company or as the product of a bankruptcy court order. To date, the Company’s TDRs have been predominantly first and second lien residential mortgages and home equity lines of credit. Prior to granting a modification of a borrower’s loan terms, the Company performs an evaluation of the borrower’s financial condition and ability to service under the potential modified loan terms. The types of concessions generally granted are extensions of the loan maturity date and/or reductions in the original contractual interest rate. Typically, if a loan is accruing interest at the time of modification, the loan remains on accrual status and is subject to the Company’s charge-off and nonaccrual policies. See the “Allowance for Credit Losses” section below for further information regarding these policies. If a loan is on nonaccrual before it is determined to be a TDR then the loan remains on nonaccrual. Typically, TDRs may be returned to accrual status if there has been at least a six month sustained period of repayment performance by the borrower. Generally, once a residential loan becomes a TDR, the Company expects that the loan will continue to be reported as a TDR for its remaining life even after returning to accruing status unless the modified rates and terms at the time of modification were available in the market. Interest income recognition on impaired loans is dependent upon nonaccrual status, TDR designation, and loan type as discussed above.

For loans accounted for at amortized cost, fees and incremental direct costs associated with the loan origination and pricing process, as well as premiums and discounts, are deferred and amortized as level yield adjustments over the respective loan terms. Fees received for providing loan commitments that result in funded loans are recognized over the term of the loan as an adjustment of the yield. If a loan is never funded, the commitment fee is recognized into noninterest income at the expiration of the commitment period. Origination fees and costs are recognized in noninterest income and expense at the time of origination for newly-originated loans that are accounted for at fair value. For additional information on the Company's loans activities, see Note 6, “Loans.”

Allowance for Credit Losses

The allowance for credit losses is composed of the ALLL and the reserve for unfunded commitments. The Company’s ALLL is the amount considered adequate to absorb probable current inherent losses within the portfolio based on management’s evaluation of the size and current risk characteristics of the loan portfolio. In addition to the review of credit quality through ongoing credit review processes, the Company employs a variety of modeling and estimation techniques to measure credit risk and construct an appropriate and adequate ALLL. Numerous asset quality measures, both quantitative and qualitative, are considered in estimating the ALLL. Such evaluation considers numerous factors for each of the loan portfolio segments, including, but not limited to net charge-off trends, internal risk ratings, changes in internal risk ratings, loss forecasts, collateral values, geographic location, delinquency rates, nonperforming and restructured loan status, origination channel, product mix, underwriting practices, industry conditions, and economic trends. Additionally, refreshed FICO scores are considered for consumer and residential loans and single name borrower concentration is considered for commercial loans. These credit quality factors are incorporated into various loss estimation models and analytical tools utilized in the ALLL process and/or are qualitatively considered in evaluating the overall reasonableness of the ALLL.

Large commercial (all loan classes) nonaccrual loans and certain consumer (other direct, indirect, and credit card), residential (nonguaranteed residential mortgages, home equity products, and residential construction), and commercial (all classes) loans whose terms have been modified in a TDR are individually identified for evaluation of impairment. 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. If necessary, a specific allowance is established for individually evaluated impaired loans. The specific allowance established for these loans is based on a thorough analysis of the most probable source of repayment, including the present value of the loan’s expected future cash flows, the loan’s estimated market value, or the estimated fair value of the underlying collateral depending on the most likely source of repayment. Any change in the present value attributable to the passage of time is recognized through the provision for credit losses.

General allowances are established for loans and leases grouped into pools based on similar characteristics. In this process, general allowance factors are based on an analysis of historical charge-off experience, portfolio trends, regional and national economic conditions, and expected LGD derived from the Company’s internal risk rating process. Other adjustments may be made to the ALLL after an assessment of internal and external influences on credit quality that are not fully reflected in the historical loss or other risk rating data. These influences may include elements such as changes in credit underwriting, concentration risk, macroeconomic conditions, and/or recent observable asset quality trends.

The Company’s charge-off policy meets regulatory minimums. Commercial loans are charged-off when they are considered uncollectible. Losses on unsecured consumer loans are generally recognized at 120 days past due, except for losses on guaranteed student loans which are recognized at 270 days past due. However, if the borrower is in bankruptcy, the loan is charged-off in the month the loan becomes 60 days past due. Losses, as appropriate, on secured consumer loans, including residential real estate, are typically recognized at 120 or 180 days past due, depending on the loan and collateral type, in compliance with the FFIEC guidelines. However, if the borrower is in bankruptcy, the secured asset is evaluated once the loan becomes 60 days past due. The loan value in excess of the secured asset value is written down or charged-off after the valuation occurs. Additionally, if a residential loan is discharged in Chapter 7 bankruptcy and not reaffirmed by the borrower, the Company's policy is to immediately charge-off the excess of the carrying amount over the fair value of the collateral. Chapter 7 bankruptcy loans are placed on nonaccrual status and remain on nonaccrual status, regardless of collateral value, until there is at least a six month period of repayment performance by the borrower following discharge by the bankruptcy court.

The Company uses numerous sources of information in order to make an appropriate evaluation of a property’s value. Estimated collateral valuations are based on appraisals, broker price opinions, recent sales of foreclosed properties, automated valuation models, other property-specific information, and relevant market information, supplemented by the Company’s internal property valuation professionals. The value estimate is based on an orderly disposition inclusive of marketing the property. In limited instances, the Company adjusts externally provided appraisals for justifiable and well-supported reasons, such as an appraiser not being aware of certain property-specific factors or recent sales information. Appraisals generally represent the “as is” value of the property but may be adjusted based on the intended disposition strategy of the property.

For CRE loans secured by property, an acceptable third party appraisal or other form of evaluation, as permitted by regulation, is obtained prior to the origination of the loan and upon a subsequent transaction involving a material change in terms. In addition, updated valuations may be obtained during the life of a transaction, as appropriate, such as when a loan's performance materially deteriorates. In situations where an updated appraisal has not been received or a formal evaluation performed, the Company monitors factors that can positively or negatively impact property value, such as the date of the last valuation, the volatility of property values in specific markets, changes in the value of similar properties, and changes in the characteristics of individual properties. Changes in collateral value affect the ALLL through the risk rating or impaired loan evaluation process. Charge-offs are recognized when the amount of the loss is quantifiable and timing is known. The charge-off is measured based on the difference between the loan’s carrying value, including deferred fees, and the estimated net realizable value of the loan, net of estimated selling costs. When assessing property value for the purpose of determining a charge-off, a third party appraisal or an independently derived internal evaluation is generally employed.

For mortgage loans secured by residential property where the Company is proceeding with a foreclosure action, a new valuation is obtained prior to the loan becoming 180 days past due and, if required, the loan is written down to net realizable value, net of estimated selling costs. In the event the Company decides not to proceed with a foreclosure action, the full balance of the loan is charged-off. If a loan remains in the foreclosure process for 12 months past the original charge-off, the Company obtains a new valuation annually. Any additional loss based on the new valuation is either charged-off or provided for through the ALLL. At foreclosure, a new valuation is obtained and the loan is transferred to OREO at the new valuation less estimated selling costs; any loan balance in excess of the transfer value is charged-off. Estimated declines in value of the residential collateral between these formal evaluation events are captured in the ALLL based on changes in the house price index in the applicable MSA or other market information.

In addition to the ALLL, the Company also estimates probable losses related to unfunded lending commitments, such as letters of credit and binding unfunded loan commitments. Unfunded lending commitments are analyzed and segregated by risk similar to funded loans based on the Company’s internal risk rating scale. These risk classifications, in combination with probability of commitment usage, existing economic conditions, and any other pertinent information, result in the estimation of the reserve for unfunded lending commitments. The reserve for unfunded lending commitments is reported on the Consolidated Balance Sheets in other liabilities and the provision associated with changes in the unfunded lending commitment reserve is reported in the Consolidated Statements of Income in provision for credit losses. For additional information on the Company's allowance for credit loss activities, see Note 7, “Allowance for Credit Losses.”

Premises and Equipment

Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is calculated predominantly using the straight-line method over the assets’ estimated useful lives. Leasehold improvements are amortized using the straight-line method over the shorter of the improvements’ estimated useful lives or the lease term, depending on whether the lease meets the transfer of ownership or bargain-purchase option criterion. Certain leases are capitalized as assets for financial reporting purposes and are amortized using the straight-line method of amortization over the assets’ estimated useful lives or the lease terms, depending on the criteria that gave rise to the capitalization of the assets. Construction and software in process includes in process branch expansion, branch renovation, and software development projects. Upon completion, branch and office related projects are maintained in premises and equipment while completed software projects are reclassified to other assets in the Consolidated Balance Sheets. Maintenance and repairs are charged to expense, and improvements that extend the useful life of an asset are capitalized and depreciated over the remaining useful life. Premises and equipment are evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. For additional information on the Company’s premises and equipment activities, see Note 8, “Premises and Equipment.”

Goodwill and Other Intangible Assets

Goodwill represents the excess purchase price over the fair value of identifiable net assets of acquired companies. Goodwill is assigned to reporting units, which are operating segments or one level below an operating segment, as of the acquisition date. Goodwill is assigned to the Company’s reporting units that are expected to benefit from the synergies of the business combination.

Goodwill is not amortized and instead is tested by reporting unit for impairment, at least annually, or as events and circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount or indicate that it is more likely than not that a goodwill impairment exists when the carrying amount of a reporting unit is zero or negative. If, after considering all relevant events and circumstances, the Company determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two step impairment test is not necessary. If the Company determines via qualitative analysis that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a two step goodwill impairment test is performed. The first step is used to identify potential impairment and the second step, if required, measures the amount of impairment by comparing the carrying amount of goodwill to its implied fair value. If the implied fair value of the goodwill exceeds the carrying amount, there is no impairment. If the goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded for the excess. Identified intangible assets that have a designated finite life are amortized over their useful lives and are evaluated for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. For additional information on the Company’s activities related to goodwill and other intangibles, see Note 9, “Goodwill and Other Intangible Assets.”

MSRs

The Company recognizes as assets the rights to service mortgage loans based on the estimated fair value of the MSRs when loans are sold and the associated servicing rights are retained. The Company has elected to record all MSRs at fair value. Fair value is determined by projecting net servicing cash flows, which are then discounted to estimate the fair value. The Company actively hedges its MSRs. The fair values of MSRs are impacted by a variety of factors, including prepayment assumptions, discount rates, 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. The carrying value of MSRs is reported on the Consolidated Balance Sheets in other intangible assets. Servicing fees are recognized as they are received and changes in fair value are also reported in mortgage servicing related income in the Consolidated Statements of Income. For additional information on the Company’s servicing fees, see Note 9, “Goodwill and Other Intangible Assets.”

Other Real Estate Owned

Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the lower of the loan’s cost basis or the asset’s fair value at the date of foreclosure, less estimated selling costs. To the extent fair value, less cost to sell, is less than the loan’s cost basis, the difference is charged to the ALLL at the date of transfer into OREO. The Company estimates market values primarily based on appraisals and other market information. Subsequent changes in value of the assets are reported as adjustments to the asset’s carrying amount. Subsequent to foreclosure, changes in value along with gains or losses from the disposition on these assets are reported in noninterest expense in the Consolidated Statements of Income. For additional information on the Company's activities related to OREO, see Note 18, “Fair Value Election and Measurement.”

Loan Sales and Securitizations

The Company sells and at times may securitize loans and other financial assets. When the Company securitizes assets, it may hold a portion of the securities issued, including senior interests, subordinated and other residual interests, interest-only strips, and principal-only strips, all of which are considered retained interests in the transferred assets. Retained securitized interests are recognized and initially measured at fair value. The interests in securitized assets held by the Company are typically classified as either securities AFS or trading assets and carried at fair value, which is based on independent, third party market prices, market prices for similar assets, or discounted cash flow analyses. If market prices are not available, fair value is calculated using management’s best estimates of key assumptions, including credit losses, loan repayment speeds and discount rates commensurate with the risks involved. For additional information on the Company’s securitization activities, see Note 10, “Certain Transfers of Financial Assets and Variable Interest Entities.”

Income Taxes

The provision for income taxes is based on income and expense reported for financial statement purposes after adjustment for permanent differences such as interest income from lending to tax-exempt entities and tax credits from community reinvestment activities. Deferred income tax assets and liabilities result from differences between the timing of the recognition of assets and liabilities for financial reporting purposes and for income tax return purposes. These assets and liabilities are measured using the enacted tax rates and laws that are currently in effect. Subsequent changes in the tax laws require adjustment to these assets and liabilities with the cumulative effect included in the provision for income taxes for the period in which the change is enacted. A valuation allowance is recognized for a DTA if, based on the weight of available evidence, it is more likely than not that some portion or all of the DTA will not be realized. In computing the income tax provision, the Company evaluates the technical merits of its income tax positions based on current legislative, judicial and regulatory guidance. Interest and penalties related to the Company’s tax positions are recognized as a component of the income tax provision. For additional information on the Company’s activities related to income taxes, see Note 14, “Income Taxes.”

Earnings Per Share

Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period, plus common share equivalents calculated for stock options, warrants, and restricted stock outstanding using the treasury stock method.

The Company has issued certain restricted stock awards, which are unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents. These restricted shares are considered participating securities. Accordingly, the Company calculated net income available to common shareholders pursuant to the two-class method, whereby net income is allocated between common shareholders and participating securities.

Net income available to common shareholders represents net income after preferred stock dividends, accretion of the discount on preferred stock issuances, gains or losses from any repurchases of preferred stock, and dividends and allocation of undistributed earnings to the participating securities. For additional information on the Company’s EPS, see Note 12, “Net Income Per Common Share.”

Securities Sold Under Agreements to Repurchase and Securities Purchased Under Agreements to Resell

Securities sold under agreements to repurchase and securities purchased under agreements to resell are accounted for as collateralized financing transactions and are recorded at the amounts at which the securities were sold or acquired, plus accrued interest. The fair value of collateral pledged or received is continually monitored and additional collateral is obtained or requested to be returned to the Company as deemed appropriate. For additional information on the collateral pledged to secure repurchase agreements, see Note 3, "Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell," Note 4, "Trading Assets and Liabilities and Derivatives," and Note 5, "Securities Available for Sale."

Guarantees

The Company recognizes a liability at the inception of a guarantee, at an amount equal to the estimated fair value of the obligation. A guarantee is defined as a contract that contingently requires a company to make payment to a guaranteed party based upon changes in an underlying asset, liability, or equity security of the guaranteed party, or upon failure of a third party to perform under a specified agreement. The Company considers the following arrangements to be guarantees: certain asset purchase/sale agreements, standby letters of credit and financial guarantees, certain indemnification agreements included within third party contractual arrangements, and certain derivative contracts. For additional information on the Company’s guarantor obligations, see Note 17, “Guarantees.”

Derivative Financial Instruments and Hedging Activities

The Company records all contracts that satisfy the definition of a derivative at fair value in the Consolidated Balance Sheets. Accounting for changes in the fair value of a derivative is dependent upon whether or not it has been designated in a formal, qualifying hedging relationship. The Company offsets all outstanding derivative transactions with a single counterparty as well as any cash collateral paid to and received from that counterparty for derivative contracts that are subject to ISDA or other legally enforceable master netting arrangements and meet accounting guidance for offsetting treatment. 

Changes in the fair value of derivatives not designated in a hedging relationship are recorded in noninterest income. This includes derivatives that the Company enters into in a dealer capacity to facilitate client transactions and as a risk management tool to economically hedge certain identified market risks, along with certain IRLCs on residential mortgage loans that are a normal part of the Company’s operations. The Company also evaluates contracts, such as brokered deposits and short-term debt, to determine whether any embedded derivatives are required to be bifurcated and separately accounted for as freestanding derivatives. For certain contracts containing embedded derivatives, the Company has elected not to bifurcate the embedded derivative and instead carry the entire contract at fair value.

Certain derivatives used as risk management tools are also designated as accounting hedges of the Company’s exposure to changes in interest rates or other identified market risks. The Company prepares written hedge documentation for all derivatives which are designated as hedges of (1) changes in the fair value of a recognized asset or liability (fair value hedge) attributable to a specified risk or (2) a forecasted transaction, such as the variability of cash flows to be received or paid related to a recognized asset or liability (cash flow hedge). The written hedge documentation includes identification of, among other items, the risk management objective, hedging instrument, hedged item and methodologies for assessing and measuring hedge effectiveness and ineffectiveness, along with support for management’s assertion that the hedge will be highly effective. Methodologies related to hedge effectiveness and ineffectiveness are consistent between similar types of hedge transactions and have included (i) statistical regression analysis of changes in the cash flows of the actual derivative and a perfectly effective hypothetical derivative, and (ii) statistical regression analysis of changes in the fair values of the actual derivative and the hedged item.

For designated hedging relationships, the Company performs retrospective and prospective effectiveness testing using quantitative methods and does not assume perfect effectiveness through the matching of critical terms. Assessments of hedge effectiveness and measurements of hedge ineffectiveness are performed at least quarterly for ongoing effectiveness. Changes in the fair value of a derivative that is highly effective and that has been designated and qualifies as a fair value hedge are recorded in current period earnings, along with the changes in the fair value of the hedged item that are attributable to the hedged risk. The effective portion of the changes in the fair value of a derivative that is highly effective and that has been designated and qualifies as a cash flow hedge are initially recorded in AOCI and reclassified to earnings in the same period that the hedged item impacts earnings; any ineffective portion is recorded in current period earnings.

Hedge accounting ceases on transactions that are no longer deemed effective, or for which the derivative has been terminated or de-designated. For discontinued fair value hedges where the hedged item remains outstanding, the hedged item would cease to be remeasured at fair value attributable to changes in the hedged risk and any existing basis adjustment would be recognized as an adjustment to earnings over the remaining life of the hedged item. For discontinued cash flow hedges, the unrealized gains and losses recorded in AOCI would be reclassified to earnings in the period when the previously designated hedged cash flows occur unless it was determined that transaction was probable to not occur, whereby any unrealized gains and losses in AOCI would be immediately reclassified to earnings. For additional information on the Company’s derivative activities, see Note 16, “Derivative Financial Instruments,” and Note 18, “Fair Value Election and Measurement.”

Stock-Based Compensation

The Company sponsors stock plans under which incentive and nonqualified stock options and restricted stock may be granted periodically to certain employees. The Company accounts for stock-based compensation under the fair value recognition provisions whereby the fair value of the award at grant date is expensed over the award’s vesting period. Additionally, the Company estimates the number of awards for which it is probable that service will be rendered and adjusts compensation cost accordingly. Estimated forfeitures are subsequently adjusted to reflect actual forfeitures. For additional information on the Company’s stock-based employee compensation plans, see Note 15, “Employee Benefit Plans.”

Employee Benefits

Employee benefits expense includes the net periodic benefit costs associated with the pension, supplemental retirement, and other postretirement benefit plans, as well as contributions under the defined contribution plan, the amortization of restricted stock, stock option awards, and costs of other employee benefits. For additional information on the Company's employee benefit plans, see Note 15, “Employee Benefit Plans.”

Foreign Currency Transactions

Foreign denominated assets and liabilities resulting from foreign currency transactions are valued using period end foreign exchange rates and the associated interest income or expense is determined using approximate weighted average exchange rates for the period. The Company may elect to enter into foreign currency derivatives to mitigate its exposure to changes in foreign exchange rates. The derivative contracts are accounted for at fair value. Gains and losses resulting from such valuations are included in noninterest income in the Consolidated Statements of Income.

Fair Value

Certain assets and liabilities are measured at fair value on a recurring basis. Examples of these include derivative instruments, AFS and trading securities, certain LHFI and LHFS, certain issuances of long-term debt, brokered deposits, and MSR assets. Fair value is used on a non-recurring basis as a measurement basis either when assets are evaluated for impairment, the basis of accounting is LOCOM, or for disclosure purposes. Examples of these non-recurring uses of fair value include certain LHFS and LHFI, OREO, goodwill, intangible assets, certain cost or equity method investments and long-lived assets. 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. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value.

The Company applies the following fair value hierarchy:

•
Level 1 – Assets or liabilities valued using unadjusted quoted prices in active markets for identical assets or liabilities that the Company can access at the measurement date, such as publicly-traded instruments or futures contracts.

•
Level 2 – Assets and liabilities valued based on observable market data for similar instruments.

•
Level 3 – Assets or liabilities for which significant valuation assumptions are not readily observable in the market; instruments valued based on the best available data, some of which may be internally developed, and considers risk premiums that a market participant would require.

To determine the fair value measurement for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. If available, the Company looks to active and observable markets to price identical assets or liabilities. If identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Nevertheless, the Company uses alternative valuation techniques to derive a fair value measurement for those assets and liabilities that are either not actively traded in observable markets or for which market observable inputs are not available. For additional information on the Company’s valuation of its assets and liabilities held at fair value, see Note 18, “Fair Value Election and Measurement.”
Accounting Policies Recently Adopted and Pending Accounting Pronouncements
In December 2011, the FASB issued ASU 2011-11, "Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities." The ASU requires additional disclosures about financial instruments and derivative instruments that are offset or subject to an enforceable master netting arrangement or similar agreement. In January 2013, the FASB issued ASU 2013-01, “Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities”, which more narrowly defined the scope of financial instruments to only include derivatives, repurchase and reverse repurchase agreements, and securities borrowing and lending transactions. The Company adopted these ASUs at January 1, 2013, and the adoption did not have an impact on the Company's financial position, results of operations, or EPS. See Note 3, "Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell" and Note 16, "Derivative Financial Instruments."
In February 2013, the FASB issued ASU 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" which provides disclosure guidance on amounts reclassified out of AOCI by component. The Company adopted the ASU at January 1, 2013, and the adoption did not have an impact on the Company's financial position, results of operations, or EPS. See Note 21, "Accumulated Other Comprehensive Income."
In March 2013, the FASB issued ASU 2013-04, "Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the FASB Emerging Issues Task Force)." The ASU requires additional disclosures about joint and several liability arrangements and requires the Company to measure obligations resulting from joint and several liability arrangements as the sum of the amount the Company agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the Company expects to pay on behalf of its co-obligors. The ASU is effective for the fiscal years and interim periods beginning after December 15, 2013. The Company adopted the ASU at January 1, 2014 and the adoption did not have an impact on the Company's financial position, results of operations, or EPS.
In June 2013, the FASB issued ASU 2013-08, "Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements." The ASU clarifies the characteristics of an investment company and requires an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. The ASU is effective for the fiscal years and interim periods beginning after December 15, 2013. The Company adopted the ASU at January 1, 2014 and the adoption did not have a significant impact on the Company's financial position, results of operations, or EPS.

In July 2013, the FASB issued ASU 2013-10, “Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (a consensus of the Emerging Issues Task Force).” The ASU permits the Fed Funds Effective Swap Rate (OIS) to be used as a benchmark interest rate for hedge accounting purposes, in addition to U.S. Treasury rates, and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The ASU was effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of the ASU had no impact on the Company's current hedging relationships and, thus, no impact on the Company's financial position, results of operations, or EPS.

In July 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the Emerging Issues Task Force).” Prior to this ASU, U.S. GAAP did not include explicit guidance on the financial statement presentation of a UTB when a NOL carryforward, a similar tax loss, or a tax credit carryforward exists. The ASU requires, with limited exceptions, that a UTB, or a portion of a UTB, should be presented in the financial statements as a reduction to a DTA for a NOL carryforward, a similar tax loss, or a tax credit carryforward. The ASU is effective for fiscal years and interim periods beginning after December 15, 2013. As early adoption is permitted, the Company adopted this ASU upon issuance and applied it retrospectively as permitted. As this ASU only impacts financial statement presentation and related footnote disclosures, there is no impact on the Company's financial position, results of operations, or EPS.

In January 2014, the FASB issued ASU 2014-01, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force)." The ASU allows for use of the proportional amortization method for qualified affordable housing projects if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the tax credits and other tax benefits received and the net investment performance is recognized in the income statement as a component of income tax expense. The ASU provides for a practical expedient, which allows for amortization of only expected tax credits over the period tax credits are expected to be received. This method is permitted if it produces a measurement that is substantially similar to the measurement that would result from using both tax credits and other tax benefits. The ASU is effective for fiscal years and interim periods beginning after December 15, 2014. As early adoption is permitted, the Company adopted this ASU upon issuance and expects to use the practical expedient method. The standard is required to be applied retrospectively, therefore prior period amounts included in noninterest expense prior to adoption will be reclassified in prior period presentations during 2014. During the year ended December 31, 2013, prior to adoption, $49 million of initial investment costs were included in other noninterest expense in the Consolidated Statements of Income. No other impact is expected on the Company's financial position, results of operations, or EPS.

In January 2014, the FASB issued ASU 2014-04, "Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)." The update clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU is effective for fiscal years and interim periods beginning after December 15, 2014. The adoption of this ASU is not expected to have a significant impact on 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 3 - 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 at December 31:
(Dollars in millions)
2013
 
2012
Fed funds sold

$75

 

$29

Securities borrowed
184

 
155

Resell agreements
724

 
917

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

$983

 

$1,101


Securities purchased under agreements to resell are primarily collateralized by U.S. government or agency securities and are carried at the amounts at which securities will be subsequently resold. Securities borrowed are primarily collateralized by corporate securities. The Company takes possession of all securities purchased under agreements to resell and securities borrowed and performs the appropriate margin evaluation on the acquisition date based on market volatility, as necessary. It is the Company's policy to obtain possession of collateral with a fair value between 95% to 110% of the principal amount loaned under resale and securities borrowing agreements. The total market value of the collateral held was $913 million and $1.1 billion at December 31, 2013 and 2012, respectively, of which $234 million and $246 million was repledged, respectively.

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 16, "Derivative Financial Instruments." Securities purchased under agreements to resell and securities sold under agreements to repurchase are governed by a MRA. Under the terms of the MRA, 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. These amounts are limited to the contract asset/liability balance, and accordingly, do not include excess collateral received/pledged.

The following table presents the Company's eligible securities borrowed or purchased under agreements to resell and securities sold under agreements to repurchase at December 31, 2013 and 2012:
(Dollars in millions)
Gross
Amount
 
Amount
Offset
 
Net Amount
Presented in
Consolidated
Balance Sheets
 
Held/Pledged Financial Instruments
 
Net
Amount
December 31, 2013
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell
$908
 
$—
 
$908
1, 2 
$899
 

$9

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
1,759
 
—
 
1,759
1 
1,759
 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell
$1,072
 
$—
 
$1,072
1,2 
$1,069
 

$3

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
1,574
 
—
 
1,574
1 
1,574
 
—


1 None of the Company's repurchase and reverse repurchase transactions met the right of setoff criteria for net balance sheet presentation at December 31, 2013 and 2012.
2 Excludes $75 million and $29 million of Fed funds sold which are not subject to a master netting agreement at December 31, 2013 and 2012, respectively.
Securities Available for Sale
Securities Available for Sale
NOTE 5 – SECURITIES AVAILABLE FOR SALE

Securities Portfolio Composition
 
December 31, 2013
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$1,334

 

$6

 

$47

 

$1,293

Federal agency securities
1,028

 
13

 
57

 
984

U.S. states and political subdivisions
232

 
7

 
2

 
237

MBS - agency
18,915

 
421

 
425

 
18,911

MBS - private
155

 
1

 
2

 
154

ABS
78

 
2

 
1

 
79

Corporate and other debt securities
39

 
3

 
—

 
42

Other equity securities1
841

 
1

 
—

 
842

Total securities AFS

$22,622

 

$454

 

$534

 

$22,542

 
 
 
 
 
 
 
 
 
December 31, 2012
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$212

 

$10

 

$—

 

$222

Federal agency securities
1,987

 
85

 
3

 
2,069

U.S. states and political subdivisions
310

 
15

 
5

 
320

MBS - agency
17,416

 
756

 
3

 
18,169

MBS - private
205

 
4

 
—

 
209

ABS
214

 
5

 
3

 
216

Corporate and other debt securities
42

 
4

 
—

 
46

Other equity securities1
701

 
1

 
—

 
702

Total securities AFS

$21,087

 

$880

 

$14

 

$21,953

1 At December 31, 2013, other equity securities was comprised of the following: $336 million in FHLB of Atlanta stock, $402 million in Federal Reserve Bank stock, $103 million in mutual fund investments, and $1 million of other. At December 31, 2012, other equity securities was comprised of the following: $229 million in FHLB of Atlanta stock, $402 million in Federal Reserve Bank stock, $69 million in mutual fund investments, and $2 million of other.

The following table presents interest and dividends on securities AFS:
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
2011
Taxable interest

$537

 

$579


$688

Tax-exempt interest
10

 
15

21

Dividends1
32

 
61

82

Total interest and dividends

$579

 

$655


$791


1 Includes dividends on the Coke common stock of $31 million and $56 million, for the years ended December 31, 2012 and 2011, respectively.

Securities AFS that were pledged to secure public deposits, repurchase agreements, trusts, and other funds had a fair value of $11.0 billion and $10.6 billion at December 31, 2013 and 2012, respectively. At December 31, 2013 and 2012, there were no securities AFS pledged under secured borrowing arrangements under which the secured party has possession of the collateral and would customarily sell or repledge that collateral, other than in an event of default of the Company.

During the year ended December 31, 2012, the Company accelerated the termination of the Agreements that hedged the Coke common stock, and the Company sold, in the market or to the Coke Counterparty, 59 million of its 60 million shares of Coke and contributed the remaining 1 million shares of Coke to the SunTrust Foundation for a net gain of $1.9 billion. The $38 million contribution to the SunTrust Foundation was recognized in noninterest expense. Details of the transactions are discussed in Note 16, "Derivative Financial Instruments."

The amortized cost and fair value of investments in debt securities at December 31, 2013, by estimated average life, are shown below. Actual 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

$1

 

$645

 

$688

 

$—

 

$1,334

Federal agency securities
51

 
261

 
566

 
150

 
1,028

U.S. states and political subdivisions
102

 
66

 
21

 
43

 
232

MBS - agency
1,575

 
5,780

 
7,800

 
3,760

 
18,915

MBS - private
—

 
155

 
—

 
—

 
155

ABS
58

 
18

 
2

 
—

 
78

Corporate and other debt securities
—

 
22

 
17

 
—

 
39

Total debt securities

$1,787

 

$6,947

 

$9,094

 

$3,953

 

$21,781

Fair Value:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$1

 

$647

 

$645

 

$—

 

$1,293

Federal agency securities
51

 
271

 
518

 
144

 
984

U.S. states and political subdivisions
104

 
70

 
21

 
42

 
237

MBS - agency
1,665

 
5,969

 
7,756

 
3,521

 
18,911

MBS - private
—

 
154

 
—

 
—

 
154

ABS
57

 
20

 
2

 
—

 
79

Corporate and other debt securities
—

 
25

 
17

 
—

 
42

Total debt securities

$1,878

 

$7,156

 

$8,959

 

$3,707

 

$21,700

 Weighted average yield1
2.95
%
 
2.72
%
 
2.83
%
 
2.85
%
 
2.81
%
1Average yields are based on amortized cost and presented on a FTE basis.

Securities in an Unrealized Loss Position
The Company held certain investment securities 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 December 31, 2013, 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 has reviewed its portfolio for OTTI in accordance with the accounting policies in Note 1, "Significant Accounting Policies."
 
December 31, 2013
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized  
Losses
Temporarily impaired securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$1,036

 

$47

 

$—

 

$—

 

$1,036

 

$47

Federal agency securities
398

 
29

 
264

 
28

 
662

 
57

U.S. states and political subdivisions
12

 
—

 
20

 
2

 
32

 
2

MBS - agency
9,173

 
358

 
618

 
67

 
9,791

 
425

ABS
—

 
—

 
13

 
1

 
13

 
1

Total temporarily impaired securities
10,619

 
434

 
915

 
98

 
11,534

 
532

OTTI securities1:
 
 
 
 
 
 
 
 
 
 
 
MBS - private
105

 
2

 
—

 
—

 
105

 
2

Total OTTI securities
105

 
2

 
—

 
—

 
105

 
2

Total impaired securities

$10,724

 

$436

 

$915

 

$98

 

$11,639

 

$534


 
December 31, 2012
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
   Value   
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Temporarily impaired securities:
 
 
 
 
 
 
 
 
 
 
 
Federal agency securities

$298

 

$3

 

$—

 

$—

 

$298

 

$3

U.S. states and political subdivisions
1

 
—

 
24

 
5

 
25

 
5

MBS - agency
1,212

 
3

 
—

 
—

 
1,212

 
3

ABS
—

 
—

 
13

 
2

 
13

 
2

Total temporarily impaired securities
1,511

 
6

 
37

 
7

 
1,548

 
13

OTTI securities1:
 
 
 
 
 
 
 
 
 
 
 
ABS
—

 
—

 
3

 
1

 
3

 
1

Total OTTI securities
—

 
—

 
3

 
1

 
3

 
1

Total impaired securities

$1,511

 

$6

 

$40

 

$8

 

$1,551

 

$14

1Includes OTTI securities for which credit losses have been recorded in earnings in current or prior periods.

Unrealized losses on securities that have been in a temporarily impaired position for longer than twelve months included municipal ARS, federal agency securities, agency MBS, and one ABS collateralized by 2004 vintage home equity loans. The municipal securities are backed by investment grade rated obligors; however, the fair value of these securities continues to be impacted by the lack of a functioning ARS market and the extension of time for expected refinance and repayment. No credit loss is expected on these securities. The fair value of federal agency and agency MBS securities has declined due to the increase in market interest rates. 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 securities that have been OTTI that relates to factors other than credit is recorded in AOCI. Losses related to credit impairment on these securities are determined through estimated cash flow analyses and have been recorded in earnings in current or prior periods. The unrealized OTTI loss at December 31, 2013 is related to one security within the portfolio that is collateralized by residential mortgage loans securitized in 2007.

Realized Gains and Losses and Other-than-Temporarily Impaired Securities
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Gross realized gains

$39

 

$1,981

1 

$210

Gross realized losses
(36
)
 
—

 
(87
)
OTTI
(1
)
 
(7
)
 
(6
)
Net securities gains

$2

 

$1,974

 

$117


1 Included in this amount is $305 million in losses recognized during the year ended December 31, 2012 related to the termination of the Agreements that hedged the Coke common stock.

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, the 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. During the years ended December 31, 2013, 2012, and 2011, all OTTI recognized in earnings related to private MBS that have underlying collateral of residential mortgage loans securitized in 2007 or ABS collateralized by 2004 vintage home equity loans.

The Company continues to reduce existing exposure 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.

The securities that gave rise to credit impairments recognized during the years ended December 31, 2013, 2012, and 2011, as shown in the table below, consisted of private MBS and ABS with a fair value of approximately $22 million, $209 million, and $167 million, respectively.
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
OTTI1

$—

 

$1

 

$2

Portion of gains/(losses) recognized in OCI (before taxes)
1

 
6

 
4

Net impairment losses recognized in earnings

$1

 

$7

 

$6

1 The initial OTTI amount represents the excess of the amortized cost over the fair value of AFS debt securities. For subsequent impairments of the same security, amount includes additional declines in the fair value subsequent to the previously recorded OTTI, if applicable, until such time the security is no longer in an unrealized loss position.

The following is a rollforward of credit losses recognized in earnings for the years ended December 31, 2013, 2012, and 2011, related to securities for which the Company does not intend to sell and it is not more-likely-than-not that the Company will be required to sell as of the end of each period presented. 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.
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Balance, beginning of period

$31

 

$25

 

$20

Additions:
 
 
 
 
 
OTTI credit losses on previously impaired securities
1

 
7

 
6

Reductions:
 
 
 
 
 
Credit impaired securities sold, matured, or written off
(6
)
 
—

 
—

Increases in expected cash flows recognized over the remaining life of the securities
(1
)
 
(1
)
 
(1
)
Balance, end of period

$25

 

$31

 

$25


The following table presents a summary of the significant inputs used in determining the measurement of credit losses recognized in earnings for private MBS and ABS for the year ended December 31:
 
2013
 
2012
 
2011
Default rate
2 - 9%
 
2 - 9%
 
4 - 8%
Prepayment rate
7 - 21%
 
7 - 21%
 
12 - 22%
Loss severity
46 - 74%
 
40 - 56%
 
39 - 46%


Assumption ranges represent the lowest and highest lifetime average estimates of each security for which credit losses were recognized in earnings. Ranges may vary from period to period as the securities for which credit losses are recognized vary. Additionally, severity may vary widely when losses are few and large.
Loans
Loans
NOTE 6 - LOANS
Composition of Loan Portfolio
The composition of the Company's loan portfolio is shown in the following table at December 31:
(Dollars in millions)
2013
 
2012
Commercial loans:
 
 
 
C&I

$57,974

 

$54,048

CRE
5,481

 
4,127

Commercial construction
855

 
713

Total commercial loans
64,310

 
58,888

Residential loans:
 
 
 
Residential mortgages - guaranteed
3,416

 
4,252

Residential mortgages - nonguaranteed 1
24,412

 
23,389

Home equity products
14,809

 
14,805

Residential construction
553

 
753

Total residential loans
43,190

 
43,199

Consumer loans:
 
 
 
Guaranteed student loans
5,545

 
5,357

Other direct
2,829

 
2,396

Indirect
11,272

 
10,998

Credit cards
731

 
632

Total consumer loans
20,377

 
19,383

LHFI 2

$127,877

 

$121,470

LHFS

$1,699

 

$3,399

1 Includes $302 million and $379 million of loans carried at fair value at December 31, 2013 and 2012, respectively.
2 Loans are presented net of unearned income, unamortized discounts and premiums, and net deferred loan costs of $739 million and $805 million at December 31, 2013 and 2012, respectively.

During the years ended December 31, 2013 and 2012, the Company transferred $280 million and $3.7 billion in LHFI to LHFS, and $43 million and $71 million in LHFS to LHFI, respectively. Additionally, during the years ended December 31, 2013 and 2012, the Company sold $807 million and $4.8 billion in loans and leases for a gain of $1 million and a loss of $3 million, respectively.

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/analysis, and 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 a higher PD. 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.
Risk ratings are refreshed at least annually, or more frequently as appropriate, based upon considerations such as market conditions, loan characteristics, and portfolio trends. Additionally, management routinely reviews portfolio risk ratings, trends, and concentrations to support risk identification and mitigation activities.
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 December 31, 2013 and 2012, 81% and 89%, respectively, of the guaranteed student loan portfolio was current with respect to payments. At December 31, 2013 and 2012, 82% and 83%, respectively, of the guaranteed residential loan portfolio was current with respect to payments. Loss exposure to the Company on these loans is mitigated by the government guarantee.
LHFI by credit quality indicator are shown in the tables below at December 31:
 
Commercial Loans
 
C&I
 
CRE
 
Commercial construction
(Dollars in millions)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Credit rating:
 
 
 
 
 
 
 
 
 
 
 
Pass

$56,443

 

$52,292

 

$5,245

 

$3,564

 

$798

 

$506

Criticized accruing
1,335

 
1,562

 
197

 
497

 
45

 
173

Criticized nonaccruing
196

 
194

 
39

 
66

 
12

 
34

Total

$57,974

 

$54,048

 

$5,481

 

$4,127

 

$855

 

$713

 
Residential Loans 1
 
Residential mortgages -
nonguaranteed
 
Home equity products
 
Residential construction
(Dollars in millions)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$19,100

 

$17,410

 

$11,661

 

$11,339

 

$423

 

$561

620 - 699
3,652

 
3,850

 
2,186

 
2,297

 
90

 
123

Below 6202
1,660

 
2,129

 
962

 
1,169

 
40

 
69

Total

$24,412

 

$23,389

 

$14,809

 

$14,805

 

$553

 

$753

 
Consumer Loans 3
 
Other direct
 
Indirect
 
Credit cards
(Dollars in millions)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$2,370

 

$1,980

 

$8,420

 

$8,300

 

$512

 

$435

620 - 699
397

 
350

 
2,228

 
2,038

 
176

 
152

Below 6202
62

 
66

 
624

 
660

 
43

 
45

Total

$2,829

 

$2,396

 

$11,272

 

$10,998

 

$731

 

$632


1 Excludes $3.4 billion and $4.3 billion at December 31, 2013 and 2012, respectively, of guaranteed residential loans. At December 31, 2013 and 2012, the majority of these loans had FICO scores of 700 and above.
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 $5.5 billion and $5.4 billion at December 31, 2013 and 2012, respectively, of guaranteed student loans.

The payment status for the LHFI portfolio is shown in the tables below:
 
December 31, 2013
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$57,713

 

$47

 

$18

 

$196

 

$57,974

CRE
5,430

 
5

 
7

 
39

 
5,481

Commercial construction
842

 
1

 
—

 
12

 
855

Total commercial loans
63,985

 
53

 
25

 
247

 
64,310

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
2,787

 
58

 
571

 
—

 
3,416

Residential mortgages - nonguaranteed1
23,808

 
150

 
13

 
441

 
24,412

Home equity products
14,480

 
119

 
—

 
210

 
14,809

Residential construction
488

 
4

 
—

 
61

 
553

Total residential loans
41,563

 
331

 
584

 
712

 
43,190

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student loans
4,475

 
461

 
609

 
—

 
5,545

Other direct
2,803

 
18

 
3

 
5

 
2,829

Indirect
11,189

 
75

 
1

 
7

 
11,272

Credit cards
718

 
7

 
6

 
—

 
731

Total consumer loans
19,185

 
561

 
619

 
12

 
20,377

Total LHFI

$124,733

 

$945

 

$1,228

 

$971

 

$127,877

1 Includes $302 million of loans carried at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $653 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, 2012
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$53,747

 

$81

 

$26

 

$194

 

$54,048

CRE
4,050

 
11

 
—

 
66

 
4,127

Commercial construction
679

 
—

 
—

 
34

 
713

Total commercial loans
58,476

 
92

 
26

 
294

 
58,888

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
3,523

 
39

 
690

 
—

 
4,252

Residential mortgages - nonguaranteed1
22,401

 
192

 
21

 
775

 
23,389

Home equity products
14,314

 
149

 
1

 
341

 
14,805

Residential construction
625

 
15

 
1

 
112

 
753

Total residential loans
40,863

 
395

 
713

 
1,228

 
43,199

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student loans
4,769

 
556

 
32

 
—

 
5,357

Other direct
2,372

 
15

 
3

 
6

 
2,396

Indirect
10,909

 
68

 
2

 
19

 
10,998

Credit cards
619

 
7

 
6

 
—

 
632

Total consumer loans
18,669

 
646

 
43

 
25

 
19,383

Total LHFI

$118,008

 

$1,133

 

$782

 

$1,547

 

$121,470

1 Includes $379 million of loans carried at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $975 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 consumer, residential, and commercial 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.
 
December 31, 2013
 
December 31, 2012
(Dollars in millions)
Unpaid
Principal
Balance
 
Amortized   
Cost1
 
Related
Allowance
 
Unpaid
Principal
Balance
 
Amortized   
Cost1
 
Related
Allowance
Impaired loans with no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I

$81

 

$56

 

$—

 

$59

 

$40

 

$—

CRE
61

 
60

 
—

 
6

 
5

 
—

Commercial construction
—

 
—

 
—

 
45

 
45

 
—

Total commercial loans
142

 
116

 
—

 
110

 
90

 
—

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I
51

 
49

 
10

 
46

 
38

 
6

CRE
8

 
3

 
—

 
15

 
7

 
1

Commercial construction
6

 
3

 
—

 
5

 
3

 
—

Total commercial loans
65

 
55

 
10

 
66

 
48

 
7

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
2,357

 
2,051

 
226

 
2,346

 
2,046

 
234

Home equity products
710

 
638

 
96

 
661

 
612

 
88

Residential construction
241

 
189

 
23

 
259

 
201

 
26

Total residential loans
3,308

 
2,878

 
345

 
3,266

 
2,859

 
348

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
Other direct
14

 
14

 
—

 
14

 
14

 
2

Indirect
83

 
83

 
5

 
46

 
46

 
2

Credit cards
13

 
13

 
3

 
21

 
21

 
5

Total consumer loans
110

 
110

 
8

 
81

 
81

 
9

Total impaired loans

$3,625

 

$3,159

 

$363

 

$3,523

 

$3,078

 

$364


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 were $2.7 billion and $2.4 billion of accruing TDRs, at amortized cost, at December 31, 2013 and 2012, respectively, of which 96% and 95% were current, respectively. See Note 1, “Significant Accounting Policies,” for further information regarding the Company’s loan impairment policy.




 
Year Ended December 31
 
2013
 
2012
 
2011
(Dollars in millions)
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

$75

 

$1

 

$48

 

$1

 

$109

 

$3

CRE
60

 
2

 
9

 
—

 
56

 
1

Commercial construction
—

 
—

 
45

 
1

 
47

 
1

Total commercial loans
135

 
3

 
102

 
2

 
212

 
5

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I
45

 
1

 
51

 
1

 
68

 
1

CRE
3

 
—

 
9

 
—

 
103

 
2

Commercial construction
5

 
—

 
4

 
—

 
121

 
2

Total commercial loans
53

 
1

 
64

 
1

 
292

 
5

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
2,025

 
94

 
2,063

 
83

 
2,451

 
88

Home equity products
649

 
23

 
627

 
26

 
528

 
23

Residential construction
193

 
11

 
209

 
10

 
229

 
8

Total residential loans
2,867

 
128

 
2,899

 
119

 
3,208

 
119

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
Other direct
15

 
1

 
15

 
1

 
13

 
1

Indirect
89

 
4

 
50

 
2

 
—

 
—

Credit cards
16

 
1

 
24

 
2

 
26

 
2

Total consumer loans
120

 
6

 
89

 
5

 
39

 
3

Total impaired loans

$3,175

 

$138

 

$3,154

 

$127

 

$3,751

 

$132

1 Of the interest income recognized during the year ended December 31, 2013, 2012, and 2011, cash basis interest income was $10 million, $18 million, and $25 million, respectively.


NPAs are shown in the following table at December 31:
(Dollars in millions)
2013
 
2012
Nonaccrual/NPLs:
 
 
 
Commercial loans:
 
 
 
C&I

$196

 

$194

CRE
39

 
66

Commercial construction
12

 
34

Residential loans:
 
 
 
Residential mortgages - nonguaranteed
441

 
775

Home equity products
210

 
341

Residential construction
61

 
112

Consumer loans:
 
 
 
Other direct
5

 
6

Indirect
7

 
19

Total nonaccrual/NPLs2
971

 
1,547

OREO1
170

 
264

Other repossessed assets
7

 
9

Nonperforming LHFS
17

 
37

Total NPAs

$1,165

 

$1,857

1 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 $88 million and $140 million at December 31, 2013 and 2012, respectively.
2 Nonaccruing restructured loans are included in total nonaccrual/NPLs.

Restructured Loans
TDRs are loans in which the borrower is experiencing financial difficulty and the Company has granted an economic concession to the borrower that it would not otherwise consider. When loans are 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 contractually specified principal balances.
At December 31, 2013 and 2012, the Company had $8 million and $1 million, respectively, in 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 during the years ended December 31, 2013, 2012, and 2011, by type of modification, are shown in the following tables:
 
 
 
 
 
 
 
 
 
 
 
20131
(Dollars in millions)
Number of Loans Modified
 
Principal
 Forgiveness 2
 
Rate
 Modification 3
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
152
 

$18

 

$2

 

$105

 

$125

CRE
6
 
—

 
3

 
1

 
4

Commercial construction
1
 
—

 
—

 
—

 
—

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
1,584
 
1

 
166

 
94

 
261

Home equity products
2,630
 
—

 
71

 
75

 
146

Residential construction
259
 
—

 
24

 
3

 
27

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
140
 
—

 
1

 
3

 
4

Indirect
3,409
 
—

 
—

 
65

 
65

Credit cards
593
 
—

 
3

 
—

 
3

Total TDRs
8,774
 

$19

 

$270

 

$346

 

$635

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 the year ended December 31, 2013 was $2 million.
3 Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year ended December 31, 2013.
 
 
 
 
 
 
 
 
 
 

 
20121
(Dollars in millions)
Number of Loans Modified
 
Principal
 Forgiveness 2
 
Rate
 Modification 3
 
Term Extension and/or Other Concessions 4
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
358
 

$5

 

$4

 

$23

 

$32

CRE
33
 
20

 
7

 
6

 
33

Commercial construction
16
 
4

 
—

 
14

 
18

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
2,804
 
—

 
72

 
125

 
197

Home equity products
3,790
 
—

 
110

 
91

 
201

Residential construction
564
 
—

 
1

 
73

 
74

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
127
 
—

 
—

 
4

 
4

Indirect
2,803
 
—

 
—

 
49

 
49

Credit cards
1,421
 
—

 
8

 
—

 
8

Total TDRs
11,916
 

$29

 

$202

 

$385

 

$616

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 the year ended December 31, 2012, was $9 million.
3 Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year ended December 31, 2012.
4 4,231 of the residential loans, with an amortized cost of $201 million at December 31, 2012, relate to loans discharged in Chapter 7 bankruptcy that were reclassified as TDRs during 2012.


 
20111
(Dollars in millions)
Number of Loans Modified
 
Principal
 Forgiveness 2
 
Rate
 Modification 3
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
510
 

$28

 

$45

 

$55

 

$128

CRE
43
 
40

 
26

 
22

 
88

Commercial construction
102
 
38

 
8

 
97

 
143

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
967
 
—

 
233

 
16

 
249

Home equity products
1,737
 
—

 
134

 
6

 
140

Residential construction
367
 
—

 
17

 
36

 
53

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
78
 
—

 
1

 
3

 
4

Credit cards
2,468
 
—

 
14

 
—

 
14

Total TDRs
6,272
 

$106

 

$478

 

$235

 

$819

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 the year ended December 31, 2011, was $17 million.
3 Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year ended December 31, 2011.

For the year ended December 31, 2013, the table below represents defaults on loans that were first modified between the periods January 1, 2012 and December 31, 2013, that became 90 days or more delinquent or were charged-off during 2013.
 
Year Ended December 31, 2013
(Dollars in millions)
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
C&I
55
 

$5

CRE
5
 
3

Commercial construction
1
 
—

Residential loans:
 
 
 
Residential mortgages
287
 
23

Home equity products
188
 
10

Residential construction
48
 
3

Consumer loans:
 
 
 
Other direct
15
 
1

Indirect
207
 
2

Credit cards
169
 
1

Total TDRs
975
 

$48




For the year ended December 31, 2012, the table below represents defaults on loans that were first modified between the periods January 1, 2011 and December 31, 2012, that became 90 days or more delinquent or were charged-off during 2012.
 
Year Ended December 31, 2012
(Dollars in millions)
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
C&I
84
 

$5

CRE
9
 
5

Commercial construction
10
 
7

Residential loans:
 
 
 
Residential mortgages
141
 
20

Home equity products
164
 
11

Residential construction
24
 
3

Consumer loans:
 
 
 
Other direct
4
 
—

Indirect
43
 
—

Credit cards
204
 
1

Total TDRs
683
 

$52




For the year ended December 31, 2011, the table below represents defaults on loans that were first modified between the periods January 1, 2010 and December 31, 2011, that became 90 days or more delinquent or were charged-off during 2011.
 
Year Ended December 31, 2011
(Dollars in millions)
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
C&I
71
 

$14

CRE
14
 
22

Commercial construction
32
 
28

Residential loans:
 
 
 
Residential mortgages
455
 
108

Home equity products
220
 
22

Residential construction
33
 
7

Consumer loans:
 
 
 
Other direct
10
 
—

Credit cards
403
 
3

Total TDRs
1,238
 

$204



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 $956 million and $562 million at December 31, 2013 and 2012, respectively.
The major concentrations of credit risk for the Company arise by collateral type in relation to loans and credit commitments. The only significant concentration that exists is in loans secured by residential real estate. At December 31, 2013, the Company owned $43.2 billion in residential loans, representing 34% of total LHFI, and had $11.2 billion in commitments to extend credit on home equity lines and $2.7 billion in mortgage loan commitments. Of the residential loans owned at December 31, 2013, 8% were guaranteed by a federal agency or a GSE. At December 31, 2012, the Company owned $43.2 billion in residential loans, representing 36% of total LHFI, and had $11.7 billion in commitments to extend credit on home equity lines and $9.2 billion in mortgage loan commitments. Of the residential loans owned at December 31, 2012, 10% were guaranteed by a federal agency or a GSE.
Included in the residential mortgage portfolio were $12.4 billion and $13.7 billion of mortgage loans at December 31, 2013 and 2012, respectively, that included terms such as an interest only feature, a high original LTV ratio, or a second lien position that may increase the Company’s exposure to credit risk and result in a concentration of credit risk. Of these mortgage loans, $5.5 billion and $7.6 billion, respectively, were interest only loans, primarily with a ten year interest only period. Approximately $1.1 billion of those interest only loans at December 31, 2013, and $1.5 billion at December 31, 2012, were loans with no mortgage insurance and were either first liens with combined original LTV ratios in excess of 80% or were second liens. Additionally, the Company owned approximately $6.9 billion and $6.1 billion of amortizing loans with no mortgage insurance at December 31, 2013 and 2012, respectively, comprised of first liens with combined original LTV ratios in excess of 80% and second liens. Despite changes in underwriting guidelines that have curtailed the origination of high LTV loans, the balances of such loans have increased due to lending to high credit quality clients.
Allowance for Credit Losses
Allowance for Credit Losses
NOTE 7 - ALLOWANCE FOR CREDIT LOSSES
The allowance for credit losses consists of the ALLL and the reserve for unfunded commitments. Activity in the allowance for credit losses for the years ended December 31 is summarized in the table below:
(Dollars in millions)
2013
 
2012
 
2011
Balance at beginning of period

$2,219

 

$2,505

 

$3,032

Provision for loan losses
548

 
1,398

 
1,523

Provision/(benefit) for unfunded commitments
5

 
(3
)
 
(10
)
Loan charge-offs
(869
)
 
(1,907
)
 
(2,241
)
Loan recoveries
191

 
226

 
201

Balance at end of period

$2,094

 

$2,219

 

$2,505

 
 
 
 
 
 
Components:
 
 
 
 
 
ALLL

$2,044

 

$2,174

 

$2,457

Unfunded commitments reserve1
50

 
45

 
48

Allowance for credit losses

$2,094

 

$2,219

 

$2,505

1 The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.

Activity in the ALLL by segment for the years ended December 31 is presented in the tables below:
 
 
 
 
 
 
 
 
 
2013
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance at beginning of period

$902

 

$1,131

 

$141

 

$2,174

Provision for loan losses
197

 
243

 
108

 
548

Loan charge-offs
(219
)
 
(531
)
 
(119
)
 
(869
)
Loan recoveries
66

 
87

 
38

 
191

Balance at end of period

$946

 

$930

 

$168

 

$2,044

 
 
 
 
 
 
 
 
 
2012
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance at beginning of period

$964

 

$1,354

 

$139

 

$2,457

Provision for loan losses
241

 
1,062

 
95

 
1,398

Loan charge-offs
(457
)
 
(1,316
)
 
(134
)
 
(1,907
)
Loan recoveries
154

 
31

 
41

 
226

Balance at end of period

$902

 

$1,131

 

$141

 

$2,174



As discussed in Note 1, “Significant Accounting Policies,” 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 carried 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 shown in the tables below:
 
December 31, 2013
 
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

$171

 

$10

 

$2,878

 

$345

 

$110

 

$8

 

$3,159

 

$363

Collectively evaluated
64,139

 
936

 
40,010

 
585

 
20,267

 
160

 
124,416

 
1,681

Total evaluated
64,310

 
946

 
42,888

 
930

 
20,377

 
168

 
127,575

 
2,044

LHFI at fair value
—

 
—

 
302

 
—

 
—

 
—

 
302

 
—

Total LHFI

$64,310

 

$946

 

$43,190

 

$930

 

$20,377

 

$168

 

$127,877

 

$2,044

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
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

$138

 

$7

 

$2,859

 

$348

 

$81

 

$9

 

$3,078

 

$364

Collectively evaluated
58,750

 
895

 
39,961

 
783

 
19,302

 
132

 
118,013

 
1,810

Total evaluated
58,888

 
902

 
42,820

 
1,131

 
19,383

 
141

 
121,091

 
2,174

LHFI at fair value
—

 
—

 
379

 
—

 
—

 
—

 
379

 
—

Total LHFI

$58,888

 

$902

 

$43,199

 

$1,131

 

$19,383

 

$141

 

$121,470

 

$2,174

Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets

NOTE 9 – GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
Goodwill is required to be tested for impairment on an annual basis, which is performed by the Company during the third quarter, or as events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount or indicate that it is more likely than not that a goodwill impairment exists when the carrying amount of a reporting unit is zero or negative. The fair value of the reporting unit is determined by using discounted cash flow analyses and, when applicable, guideline company information. When the reporting unit is not a legal entity with a stand-alone equity balance, the carrying value of the reporting unit is determined using an equity allocation methodology that allocates the total equity of the Company to each of its reporting units considering both regulatory risk-based capital and tangible assets relative to tangible equity. See Note 1, "Significant Accounting Policies," for further information regarding the Company's goodwill accounting policy. The Company performed a goodwill impairment analysis for all of its reporting units with goodwill balances at September 30, 2013 and determined that the fair values were in excess of the respective carrying values by the following percentages:

Consumer Banking and Private Wealth Management    56%
Wholesale Banking    14%
RidgeWorth Capital Management     141%


The Company monitored events and circumstances during the fourth quarter of 2013 and did not observe any factors that would more likely than not reduce the fair value of a reporting unit below its respective carrying value. During the second quarter of 2013, branch-managed business banking clients were transferred from Wholesale Banking to Consumer Banking and Private Wealth Management, resulting in the reallocation of $300 million in goodwill. Additionally, during the first quarter of 2012, the Company reorganized its segment reporting structure and goodwill reporting units. For additional information on the Company's segment reporting structure, see Note 20, "Business Segment Reporting."

The changes in the carrying amount of goodwill by reportable segment for the years ended December 31 are as follows:
(Dollars in millions)
Retail
Banking
 
Diversified
Commercial
Banking
 
CIB
 
W&IM
 
Consumer Banking and Private Wealth Management
 
Wholesale Banking
 
Total
Balance, January 1, 2013

$—

 

$—

 

$—

 

$—

 

$3,962

 

$2,407

 

$6,369

Intersegment transfers
—

 
—

 
—

 
—

 
300

 
(300
)
 
—

Balance, December 31, 2013

$—

 

$—

 

$—

 

$—

 

$4,262

 

$2,107

 

$6,369

Balance, January 1, 2012

$4,854

 

$928

 

$180

 

$382

 

$—

 

$—

 

$6,344

Intersegment transfers
(4,854
)
 
(928
)
 
(180
)
 
(382
)
 
3,930

 
2,414

 
—

Acquisition of FirstAgain, LLC
—

 
—

 
—

 
—

 
32

 
—

 
32

Impairment of GenSpring
—

 
—

 
—

 
—

 
—

 
(7
)
 
(7
)
Balance, December 31, 2012

$—

 

$—

 

$—

 

$—

 

$3,962

 

$2,407

 

$6,369




Other Intangible Assets
Changes in the carrying amounts of other intangible assets for the years ended December 31 are as follows:
(Dollars in millions)
Core Deposit
Intangibles
 
 MSRs -
Fair Value
 
Other
 
Total
Balance, January 1, 2013

$17

 

$899

 

$40

 

$956

Amortization
(13
)
 
—

 
(10
)
 
(23
)
MSRs originated
—

 
352

 
—

 
352

Changes in fair value:
 
 
 
 
 
 
 
Due to changes in inputs and assumptions 1
—

 
302

 
—

 
302

Other changes in fair value 2
—

 
(252
)
 
—

 
(252
)
Sale of MSRs
—

 
(1
)
 
—

 
(1
)
Balance, December 31, 2013

$4

 

$1,300

 

$30

 

$1,334

Balance, January 1, 2012

$38

 

$921

 

$58

 

$1,017

Amortization
(21
)
 
—

 
(18
)
 
(39
)
MSRs originated
—

 
336

 
—

 
336

Changes in fair value:
 
 
 
 
 
 
 
Due to changes in inputs and assumptions 1
—

 
(112
)
 
—

 
(112
)
Other changes in fair value 2
—

 
(241
)
 
—

 
(241
)
Sale of MSRs
—

 
(5
)
 
—

 
(5
)
Balance, December 31, 2012

$17

 

$899

 

$40

 

$956

1 Primarily reflects changes in discount rates and prepayment speed assumptions, due to changes in interest rates.
2 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.

The estimated future amortization expense for intangible assets is as follows:
 
 
 
 
 
 
(Dollars in millions)
Core Deposit
Intangibles
 
Other
 
Total
2014

$4

 

$7

 

$11

2015
—

 
5

 
5

2016
—

 
2

 
2

2017
—

 
2

 
2

2018
—

 
2

 
2

Thereafter
—

 
3

 
3

Total 1

$4

 

$21

 

$25


1 Estimated future amortization expense is less than the intangible asset balance at December 31, 2013, due to the anticipated sale of RidgeWorth, including its intangible assets, in 2014. See additional discussion of the planned sale in Note 20, “Business Segment Reporting.” 

Mortgage Servicing Rights
The Company retains MSRs from certain of its sales or securitizations of residential mortgage loans. MSRs on residential mortgage loans are the only servicing assets capitalized by the Company and are classified within intangible assets on the Company's Consolidated Balance Sheets.
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 years ended December 31, 2013, 2012, and 2011 was $317 million, $333 million, and $364 million, respectively. These amounts are reported in mortgage servicing related income in the Consolidated Statements of Income.
At December 31, 2013 and 2012, the total UPB of mortgage loans serviced was $136.7 billion and $144.9 billion, respectively. Included in these amounts were $106.8 billion and $113.2 billion at December 31, 2013 and 2012, respectively, of loans serviced for third parties. During the years ended December 31, 2013 and 2012, the Company sold MSRs, at a price approximating their fair value, on residential loans with a UPB of $2.8 billion and $2.1 billion, respectively.
At the end of each quarter, the Company determines the fair value of the MSRs using a valuation model that calculates the present value of the estimated future net servicing income. The model incorporates a number of assumptions as MSRs do not trade in an active and open market with readily observable prices. The Company determines fair value using market based prepayment rates, discount rates, and other assumptions that are compared to various sources of market data including independent third party valuations and industry surveys. Senior management and the STM valuation committee review all significant assumptions quarterly since many factors can affect the fair value of MSRs. Changes to the valuation model inputs and assumptions are reflected in the periods' results.

A summary of the key characteristics, inputs, and economic assumptions used to estimate the fair value of the Company’s MSRs at December 31, 2013 and 2012, and the sensitivity of the fair values to immediate 10% and 20% adverse changes in those assumptions are shown in the table below. The overall change in MSRs during the year ended December 31, 2013 was primarily due to originations and an increase in prevailing interest rates during the period.
(Dollars in millions)
December 31, 2013
 
December 31, 2012
Fair value of retained MSRs

$1,300

 

$899

Prepayment rate assumption (annual)
8
%
 
16
%
Decline in fair value from 10% adverse change

$38

 

$50

Decline in fair value from 20% adverse change
74

 
95

Discount rate (annual)
12
%
 
11
%
Decline in fair value from 10% adverse change

$66

 

$37

Decline in fair value from 20% adverse change
126

 
70

Weighted-average life (in years)
7.7

 
4.9

Weighted-average coupon
4.4
%
 
4.8
%


The above sensitivities are hypothetical and should be used with caution. As the amounts indicate, changes in fair value based on variations in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another, which might magnify or counteract the sensitivities. Additionally, the sensitivities above do not include the effect of hedging activity undertaken by the Company to offset changes in the fair value of MSRs. See Note 16, “Derivative Financial Instruments,” for further information regarding these hedging activities.
Certain Transfers of Financial Assets and Variable Interest Entities
Transfers and Servicing of Financial Assets [Text Block]
NOTE 10 - CERTAIN TRANSFERS OF FINANCIAL ASSETS AND VARIABLE INTEREST ENTITIES
Certain Transfers of Financial Assets and related Variable Interest Entities
The Company has transferred residential mortgage loans, student loans, commercial and corporate loans, and CDO securities in sale or securitization transactions in which the Company has, or had, continuing involvement. All such transfers have been accounted for as sales by the Company. The Company’s continuing involvement in such transfers includes owning certain beneficial interests, including senior and subordinate debt instruments, as well as equity interests, servicing or collateral manager responsibilities, and guarantee or recourse arrangements. 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. Upon completion of transfers of assets that satisfy the conditions to be reported as a sale, the Company derecognizes the transferred assets and recognizes at fair value any beneficial interests in the transferred financial assets, such as trading assets or securities AFS, as well as servicing rights retained and guarantee liabilities incurred. See Note 18, “Fair Value Election and Measurement,” for further discussion of the Company’s fair value methodologies. No events occurred during the year ended December 31, 2013 that changed the Company’s sale accounting conclusion in regards to the residential mortgage loans, student loans, commercial and corporate loans, or CDO securities.
When evaluating transfers and other transactions with VIEs for consolidation, the Company first determines if it has a VI in the VIE. A VI is typically in the form of securities representing retained interests in the transferred assets and, at times, servicing rights and collateral manager fees. If the Company has a VI in the 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.
Below is a summary of transfers of financial assets to VIEs for which the Company has retained some level of continuing involvement:
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 proceeds and servicing rights. The Company sold residential mortgage loans to these entities, which resulted in pre-tax net gains of $186 million, $1.0 billion, and $397 million, including servicing rights, for the years ended December 31, 2013, 2012, and 2011, respectively. These net gains are included within mortgage production related income/(loss) in the Consolidated Statements of Income. These net gains include the change in value of the loans as a result of changes in interest rates from the time the related IRLCs were issued to the borrowers but do not include the results of hedging activities initiated by the Company to mitigate this market risk. See Note 16, “Derivative Financial Instruments,” for further discussion of the Company’s hedging activities. As 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, and those representations and warranties are discussed in Note 17, “Guarantees.”
In a limited number of securitizations, the Company has received securities representing retained interests in the transferred loans in addition to cash and servicing rights in exchange for the transferred loans. The received securities are carried at fair value as either trading assets or securities AFS. At December 31, 2013 and 2012, the fair value of securities received totaled $71 million and $98 million, respectively, and were valued using a third party pricing service.
The Company evaluated these securitization transactions for consolidation under the VIE consolidation guidance. As servicer of the underlying loans, the Company is generally deemed to have power over the securitization. However, if a single party, such as the issuer or the master servicer, effectively controls the servicing activities or has the unilateral ability to terminate the Company as servicer without cause, then that party is deemed to have power over the securitization. In almost all of its securitization transactions, the Company does not have power over the VIE as a result of these rights held by the master servicer. In certain transactions, the Company does have power as the servicer; however, the Company does not also have an obligation to absorb losses or the right to receive benefits that could potentially be significant to the securitization. The absorption of losses and the receipt of benefits would generally manifest itself through the retention of senior or subordinated interests. Total assets at December 31, 2013 and 2012, of the unconsolidated trusts in which the Company has a VI are $350 million and $445 million, respectively.
The Company’s maximum exposure to loss related to the unconsolidated 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 its representations and warranties, which is discussed in Note 17, “Guarantees.”
Commercial and Corporate Loans
The Company has involvement with CLO entities that own commercial leveraged loans and bonds, certain of which were transferred by the Company to the CLOs. In addition to retaining certain securities issued by the CLOs, the Company also acts as collateral manager for these CLOs. The securities retained by the Company and the fees received as collateral manager represent a VI in the CLOs, which are considered to be VIEs. The Company has determined that it is the primary beneficiary of and, thus, has consolidated one of these CLOs as it has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses and the right to receive benefits from the entity that could potentially be significant to the CLO. The Company's involvement with the CLO includes receiving fees for its duties as collateral manager, including eligibility for performance fees, as well as ownership in one of the senior interests in the CLO and certain preference shares of the CLO. Substantially all of the assets and liabilities of the CLO are loans and issued debt, respectively. The loans are classified within LHFS at fair value and the debt is included within long-term debt at fair value on the Company’s Consolidated Balance Sheets. See Note 18, “Fair Value Election and Measurement,” for a discussion of the Company’s methodologies for estimating the fair values of these financial instruments. At December 31, 2013, the Company’s Consolidated Balance Sheets reflected $261 million of loans held by the CLO and $256 million of debt issued by the CLO. At December 31, 2012, the Company’s Consolidated Balance Sheets reflected $319 million of loans held by the CLO and $286 million of debt issued by the CLO. Although the Company consolidates the CLO, its creditors have no recourse to the general credit of the Company, as the liabilities of the CLO are paid only to the extent of available cash flows from the CLO’s assets.
For the remaining CLOs, which are also considered to be VIEs, the Company has determined that it is not the primary beneficiary as it does not have an obligation to absorb losses or the right to receive benefits from the entities that could potentially be significant to the VIE. The Company's preference share exposure was valued at $3 million at December 31, 2013 and 2012. The Company’s only remaining involvement with these VIEs is through its collateral manager role. The Company receives fees for managing the assets of these vehicles; these fees are considered adequate compensation and are commensurate with the level of effort required to provide such services. The fees received by the Company from these entities are recorded as trust and investment management income in the Consolidated Statements of Income. Senior fees earned by the Company are generally not considered at risk; however, subordinate fees earned by the Company are subject to the availability of cash flows and to the priority of payments. At December 31, 2013 and 2012, these VIEs had $1.6 billion and $1.8 billion of estimated assets, respectively, and $1.6 billion and $1.7 billion of estimated liabilities, respectively.
Student Loans
During 2006, the Company completed a securitization of government-guaranteed student loans through a transfer of loans to a securitization SPE, which previously qualified as a QSPE, and retained the related residual interest in the SPE. The Company concluded that this securitization of government-guaranteed student loans (the “Student Loan entity”) should be consolidated. At December 31, 2013 and 2012, the Company’s Consolidated Balance Sheets reflected $344 million and $384 million, respectively, of assets held by the Student Loan entity and $341 million and $380 million, respectively, of debt issued by the Student Loan entity.
Payments from the assets in the SPE must first be used to settle the obligations of the SPE, with any remaining payments remitted to the Company as the owner of the residual interest. To the extent that losses occur on the SPE’s assets, the SPE has recourse to the federal government as the guarantor up to a maximum guarantee amount of 97%. 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 the master servicer’s servicing responsibilities, the SPE has recourse to the Company; the SPE may require the Company to repurchase the loan from the SPE at par value. If the breach was caused by the subservicer, the Company has recourse to seek reimbursement from the subservicer up to the guaranteed amount. The Company’s maximum exposure to loss related to the SPE is represented by the potential losses resulting from a breach of servicing responsibilities. To date, all loss claims filed with the guarantor that have been denied due to servicing errors have either been cured or reimbursement has been provided to the Company by the subservicer.
CDO Securities
The Company has transferred bank trust preferred securities in securitization transactions. The Company's maximum exposure to loss at December 31, 2013 and 2012, includes current senior interests held in trading securities, which have fair values of $54 million and $52 million, respectively.
As further discussed in Note 18, "Fair Value Election and Measurement," the Company valued these interests by constructing a pricing matrix of values based on a range of overcollateralization levels that are derived from discussions with the dealer community along with limited trade data. The primary inputs and assumptions considered by the Company in valuing these retained interests were overcollateralization levels (impacted by credit losses) and the discount margin over LIBOR. While all the underlying collateral is currently eligible for repayment by the obligor, given the nature of the collateral and the current repricing environment, the Company assumed no prepayment would occur before the final maturity, which is approximately 20 years on a weighted average basis. The expected discount margin over LIBOR ranged from 4.3% to 5.5% at December 31, 2013 based on discussion with the dealer community with limited trade data adjusted for specific deal factors. At December 31, 2013, a 10% and 20% adverse change in the assumed market yield results in declines of approximately $4 million and $7 million, respectively, in the fair value of these securities. In evaluating the impact of credit losses, consideration was given to the underlying collateral of the VIEs, which is highly concentrated, and as a result, the default or deferral of certain large exposures adversely impacts the value of the interests. The Company estimates that if each of the VIEs in which the Company holds retained positions experienced three additional large deferrals or defaults, it should not have a significant impact on the fair value of the retained securities.
At December 31, 2013 and 2012, the total assets of the trust preferred CDO entities in which the Company has remaining exposure to loss were $816 million and $1.2 billion, respectively. The Company determined that it was not the primary beneficiary of any of these VIEs as the Company lacks the power to direct the significant activities of any of the VIEs. Subsequent to December 31, 2013, the Company sold all interests in these VIEs.
The following tables present certain information for the years ended December 31, related to the Company’s asset transfers in which it has continuing economic involvement.
(Dollars in millions)
2013
 
2012
 
2011
Cash flows on interests held1:
 
 
 
 
 
  Residential Mortgage Loans2

$32

 

$27

 

$48

  Commercial and Corporate Loans
1

 
1

 
1

  CDO Securities
3

 
2

 
2

    Total cash flows on interests held

$36

 

$30

 

$51

Servicing or management fees1:
 
 
 
 
 
  Residential Mortgage Loans2

$2

 

$3

 

$3

  Commercial and Corporate Loans
9

 
10

 
10

    Total servicing or management fees

$11

 

$13

 

$13


1 The transfer activity is related to unconsolidated VIEs.
2 Does not include GSE mortgage loan transfers

Portfolio balances and delinquency balances based on accruing loans 90 days or more past due and all nonaccrual loans at December 31, 2013 and 2012, and net charge-offs related to managed portfolio loans (both those that are owned or consolidated by the Company and those that have been transferred) for the year ended December 31, 2013 and 2012 are as follows:

 
Portfolio Balance1
 
Past Due2
 
Net Charge-offs
 
December 31, 2013
 
December 31, 2012
 
December 31, 2013
 
December 31, 2012
 
Year Ended December 31
 
(Dollars in millions)
 
2013
 
2012
Type of loan:
 
 
 
 
 
 
 
 
 
 
 
Commercial

$64,310

 

$58,888

 

$272

 

$320

 

$153

 

$303

Residential
43,190

 
43,199

 
1,296

 
1,941

 
444

 
1,285

Consumer
20,377

 
19,383

 
631

 
68

 
81

 
93

Total loan portfolio
127,877

 
121,470

 
2,199

 
2,329

 
678

 
1,681

Managed securitized loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial
1,617

 
1,767

 
29

 
23

 
—

 
—

Residential
100,695

 
104,877

 
493

3 
2,186

3 
23

 
30

Total managed loans

$230,189

 

$228,114

 

$2,721

 

$4,538

 

$701

 

$1,711


1Excludes $1.7 billion and $3.4 billion of LHFS at December 31, 2013 and 2012, respectively.
2Excludes $17 million and $38 million of past due LHFS at December 31, 2013 and 2012, respectively.
3Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

Other Variable Interest Entities
In addition to the Company’s involvement with certain VIEs related to transfers of financial assets, the Company also has involvement with VIEs from other business activities.
Total Return Swaps
The Company has involvement with various VIEs related to its TRS business. Under the matched book TRS business model, the VIEs purchase assets (typically commercial leveraged loans) from the market, which are identified by third party clients, that serve as the underlying reference assets for a TRS between the VIE and the Company and a mirror TRS between the Company and its third party clients. The TRS contracts between the VIEs and the Company hedge the Company’s exposure to the TRS contracts with its third party clients. These third parties are not related parties to the Company, nor are they and the Company de facto agents of each other. In order for the VIEs to purchase the reference assets, the Company provides senior financing, in the form of demand notes, to these VIEs. The TRS contracts pass through interest and other cash flows on the assets owned by the VIEs to the third parties, along with exposing the third parties to depreciation on the assets and providing them with the rights to appreciation on the assets. The terms of the TRS contracts require the third parties to post initial collateral, in addition to ongoing margin as the fair values of the underlying assets change. Although the Company has always caused the VIEs to purchase a reference asset in response to the addition of a reference asset by its third party clients, there is no legal obligation between the Company and its third party clients for the Company to purchase the reference assets or for the Company to cause the VIEs to purchase the assets.
The Company considered the VIE consolidation guidance, which requires an evaluation of the substantive contractual and non-contractual aspects of transactions involving VIEs established subsequent to January 1, 2010. The Company and its third party clients are the only VI holders. As such, the Company evaluated the nature of all VIs and other interests and involvement with the VIEs, in addition to the purpose and design of the VIEs, relative to the risks they were designed to create. The purpose and design of a VIE are key components of a consolidation analysis and any power should be analyzed based on the substance of that power relative to the purpose and design of the VIE. The VIEs were designed for the benefit of the third parties and would not exist if the Company did not enter into the TRS contracts with the third parties. The activities of the VIEs are restricted to buying and selling reference assets with respect to the TRS contracts entered into between the Company and its third party clients and the risks/benefits of any such assets owned by the VIEs are passed to the third party clients via the TRS contracts. The TRS contracts between the Company and its third party clients have a substantive effect on the design of the overall transaction and the VIEs. Based on its evaluation, the Company has determined that it is not the primary beneficiary of the VIEs, as the design of the TRS business results in the Company having no substantive power to direct the significant activities of the VIEs.
At December 31, 2013 and 2012, the Company had $1.5 billion and $1.9 billion, respectively, in senior financing outstanding to VIEs, which was classified within trading assets and derivatives on the Consolidated Balance Sheets and carried at fair value. These VIEs had entered into TRS contracts with the Company with outstanding notional amounts of $1.5 billion and $1.9 billion at December 31, 2013 and 2012, respectively, and the Company had entered into mirror TRS contracts with third parties with the same outstanding notional amounts. At December 31, 2013, the fair values of these TRS assets and liabilities were $35 million and $31 million, respectively, and at December 31, 2012, the fair values of these TRS assets and liabilities were $51 million and $46 million, respectively, reflecting the pass-through nature of these structures. 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 with these VIEs, see Note 16, “Derivative Financial Instruments.”
Community Development Investments
As part of its community reinvestment initiatives, the Company invests primarily within its footprint 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 various investments. The Company has determined that the related partnerships are VIEs. For partnerships where the Company operates strictly as the general partner, the Company consolidates these partnerships on its Consolidated Balance Sheets. As the general partner, the Company typically guarantees the tax credits due to the limited partner and is responsible for funding construction and operating deficits. At December 31, 2013 and 2012, total assets, which consist primarily of fixed assets and cash attributable to the consolidated entities, were $3 million, and total liabilities, excluding intercompany liabilities, were $1 million. Security deposits from the tenants are recorded as liabilities on the Company’s Consolidated Balance Sheets. The Company maintains separate cash accounts to fund these liabilities and these assets are considered restricted. The tenant liabilities and corresponding restricted cash assets were not material at December 31, 2013 and 2012. While the obligations of the general partner are generally non-recourse to the Company, as the general partner, the Company may from time to time step in when needed to fund deficits. During the years ended December 31, 2013 and 2012, the Company did not provide any significant amount of funding as the general partner or to cover any deficits the partnerships may have generated.
For other partnerships, the Company acts only in a limited partnership capacity. The Company has determined that it is not the primary beneficiary of these partnerships and accounts for its interests in accordance with the accounting guidance for investments in affordable housing projects. The general partner or an affiliate of the general partner provides guarantees to the limited partner, which protects the Company from losses attributable to operating deficits, construction deficits, and tax credit allocation deficits. Partnership assets of $1.5 billion and $1.2 billion in these partnerships were not included in the Consolidated Balance Sheets at December 31, 2013 and 2012, respectively. The limited partner interests had carrying values of $252 million and $186 million at December 31, 2013 and 2012, 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 $697 million and $505 million at December 31, 2013 and 2012, respectively. The Company’s maximum exposure to loss would be borne by the loss of the equity investments along with $303 million and $236 million of loans, interest-rate swaps, or letters of credit issued by the Company to the entities at December 31, 2013 and 2012, 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.
Additionally, the Company owns noncontrolling interests in funds whose purpose is to invest in community developments. At December 31, 2013 and 2012, the Company's investment in these funds totaled $138 million and $63 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 $217 million and $110 million, respectively.
When the Company owns both the limited partner and general partner interests or acts as the indemnifying party, the Company consolidates the entities. At December 31, 2013 and 2012, total assets, which consist primarily of fixed assets and cash, attributable to the consolidated non-VIE partnerships were $151 million and $239 million, respectively, and total liabilities, excluding intercompany liabilities, primarily representing third party borrowings, were $58 million and $100 million, respectively.
During 2012, the Company decided to sell certain consolidated affordable housing properties, and accordingly, recorded an impairment charge to adjust the carrying values to their estimated net realizable values. Upon moving to held for sale, most of these affordable housing properties were sold during 2013 resulting in an aggregate gain recognized upon sale of $17 million. At December 31, 2013, market indicators remain consistent with the carrying values of the remaining properties to be sold and marketing efforts continue with an expected disposition in the first quarter of 2014.
Registered and Unregistered Funds Advised by RidgeWorth
RidgeWorth, a registered investment advisor and majority owned subsidiary of the Company, serves as the investment advisor for various private placement, common and collective funds, and registered mutual funds (collectively the “Funds”). The Company evaluates these Funds to determine if the Funds are VIEs. In February 2010, the FASB issued guidance that defers the application of the existing VIE consolidation guidance for investment funds meeting certain criteria. All of the registered and unregistered Funds advised by RidgeWorth meet the scope exception criteria, thus, are not evaluated for consolidation under the guidance. Accordingly, the Company continues to apply the consolidation guidance in effect prior to the issuance of the existing guidance to interests in funds that qualify for the deferral.
The Company has concluded that some of the Funds are VIEs. However, the Company has determined that it is not the primary beneficiary of these funds as the Company does not absorb a majority of the expected losses nor expected returns of the funds. The Company’s exposure to loss is limited to the investment advisor and other administrative fees it earns and if applicable, any equity investments. The total unconsolidated assets of these funds at December 31, 2013 and 2012, were $247 million and $372 million, respectively.
On December 11, 2013, it was publicly announced that the Company had reached a definitive agreement to sell RidgeWorth to an investor group led by a private equity fund managed by Lightyear Capital LLC. The sale is expected to close during the second quarter of 2014. See additional discussion of the planned sale in Note 20 , "Business Segment Reporting."
Borrowings and Contractual Commitments (Notes)
Debt Disclosure [Text Block]
NOTE 11 - BORROWINGS AND CONTRACTUAL COMMITMENTS
Short-term borrowings
Other short-term borrowings at December 31 was as follows:
 
 
 
 
 
 
 
 
 
2013
 
2012
(Dollars in millions)
Balance
 
Interest Rate
 
Balance
 
Interest Rate
FHLB advances

$4,000

 
0.21
%
 

$1,500

 
0.34
%
Master notes
1,554

 
0.28

 
1,512

 
0.30

Dealer collateral
232

 
0.10

 
282

 
0.17

Other
2

 
2.70

 
9

 
2.70

Total other short-term borrowings

$5,788

 
 
 

$3,303

 
 

At December 31, 2013 and 2012, the Company had $27.1 billion and $23.8 billion of collateral pledged to the Federal Reserve discount window to support $20.8 billion and $18.0 billion of available, unused borrowing capacity, respectively.
Long-term debt
Long-term debt at December 31 was as follows: 
 
 
 
 
 
 
 
 
(Dollars in millions)
2013
 
2012
 
Interest Rates
 
Maturities
Parent Company Only
 
 
 
 
 
 
 
Senior, fixed rate

$3,001

 

$2,270

 
1.00% - 6.05%
 
2014 - 2028
Senior, variable rate
283

 
152

 
0.39 - 3.25
 
2015 - 2019
Subordinated, fixed rate
200

 
200

 
6.00
 
2026
Junior subordinated, variable rate
627

 
627

 
0.89 - 1.23
 
2027 - 2028
Total Parent Company debt (excluding intercompany
of $160 at December 31, 2013 and 2012)
4,111

 
3,249

 
 
 
 
Subsidiaries
 
 
 
 
 
 
 
Senior, fixed rate 1
1,006

 
426

 
0.00 - 9.65
 
2014 - 2053
Senior, variable rate 2
3,783

 
3,846

 
0.36 - 6.98
 
2015 - 2043
Subordinated, fixed rate 3
1,300

 
1,336

 
5.00 - 7.25
 
2015 - 2020
Subordinated, variable rate
500

 
500

 
0.53 - 0.55
 
2015
Total subsidiaries debt
6,589

 
6,108

 
 
 
 
Total long-term debt

$10,700

 

$9,357

 
 
 
 

1 Includes leases and other obligations that do not have a stated interest rate.
2 Includes $256 million and $286 million of debt recorded at fair value at December 31, 2013 and 2012, respectively.
3 Debt recorded at fair value.
Maturities of long-term debt are: 2014 – $9 million; 2015 – $817 million; 2016 – $1.1 billion; 2017 – $4.7 billion; 2018 – $1.6 billion; and thereafter – $2.4 billion. During 2013, the Company issued $600 million of 2.75% senior notes under the Global Bank Note program that will mature in 2023 and $750 million of Parent Company 2.35% senior notes that will mature in 2018. The Company may call these notes beginning one month prior to each issuance's maturity date. The Company had no additional material issuances, repurchases, or extinguishments of long-term debt during the year.
Restrictive provisions of several long-term debt agreements prevent the Company from creating liens on, disposing of, or issuing (except to related parties) voting stock of subsidiaries. Further, there are restrictions on mergers, consolidations, certain leases, sales or transfers of assets, minimum shareholders’ equity, and maximum borrowings by the Company. At December 31, 2013, the Company was in compliance with all covenants and provisions of long-term debt agreements. As currently defined by federal bank regulators, long-term debt of $627 million qualified as Tier 1 capital at both December 31, 2013 and 2012, and long-term debt of $1.1 billion and $1.5 billion qualified as Tier 2 capital at December 31, 2013 and 2012, respectively. At December 31, 2013, the Company had collateral pledged to the FHLB of Atlanta to support $12.3 billion of available borrowing capacity with $3.0 billion of long-term debt and $4.0 billion of short-term debt outstanding at December 31, 2013.

The Company does not consolidate certain wholly-owned trusts which had been formed for the sole purpose of issuing trust preferred securities. The proceeds from the trust preferred securities issuances were invested in junior subordinated debentures of the Parent Company. The obligations of these debentures constitute a full and unconditional guarantee by the Parent Company of the trust preferred securities.
Contractual Commitments
In the normal course of business, the Company enters into certain contractual arrangements. Such arrangements include obligations to make future payments on lease arrangements, contractual commitments for capital expenditures, and service contracts. At December 31, 2013, the Company had the following unconditional obligations: 
 
 
(Dollars in millions)
1 year or less
 
1-3 years
 
3-5 years
 
After 5 years
 
Total
Operating lease obligations

$208

 

$386

 

$262

 

$354

 

$1,210

Capital lease obligations 1
1

 
3

 
4

 
2

 
10

Purchase obligations 2
284

 
65

 
31

 
8

 
388

Total

$493

 

$454

 

$297

 

$364

 

$1,608

1 Amounts do not include accrued interest.
2 Represents aggregation of termination fees on legally binding contracts to purchase goods or services that have a minimum termination fee of $5 million or more. Amounts paid under these contracts totaled $194 million during 2013; however, there is no minimum annual payment other than termination fees required.
Net Income/(Loss) Per Common Share
Net Income/(Loss) Per Share
NOTE 12 – NET INCOME PER COMMON SHARE
Equivalent shares of 18 million, 23 million, and 26 million related to common stock options and common stock warrants outstanding at December 31, 2013, 2012, and 2011, 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 included below.
 
Year Ended December 31
(In millions, except per share data)
2013
 
2012
 
2011
Net income

$1,344

 

$1,958

 

$647

Preferred dividends
(37
)
 
(12
)
 
(7
)
Dividends and accretion of discount on preferred stock
issued to the U.S. Treasury
—

 
—

 
(66
)
Accelerated accretion associated with repurchase of preferred stock
issued to the U.S. Treasury
—

 
—

 
(74
)
Dividends and undistributed earnings allocated to unvested shares
(10
)
 
(15
)
 
(5
)
Net income available to common shareholders

$1,297

 

$1,931

 

$495

Average basic common shares
534

 
534

 
524

Effect of dilutive securities:
 
 
 
 
 
Stock options
1

 
1

 
2

Restricted stock and warrants
4

 
3

 
2

Average diluted common shares
539

 
538

 
528

Net income per average common share - diluted

$2.41

 

$3.59

 

$0.94

Net income per average common share - basic

$2.43

 

$3.62

 

$0.94

Capital
Capital
CAPITAL
During 2013, the Company submitted its CCAR capital plans for review by the Federal Reserve. Upon completion of the Federal Reserve's review, they did not object to the Company's capital actions. Accordingly, during 2013, the Company maintained dividend payments on its preferred stock, increased its quarterly common stock dividend from $0.05 to $0.10 per share beginning in the second quarter, and repurchased a total of $150 million, or approximately 4.6 million shares, of its outstanding common stock. Also pursuant to its capital plan, the Company repurchased an additional $50 million of its outstanding common stock in early 2014. The Company has submitted its 2014 capital plan for review by the Federal Reserve in conjunction with the 2014 CCAR process and awaits the completion of their review.

The Company remains subject to certain restrictions on its ability to increase the dividend on common shares as a result of participating in the U.S. Treasury’s CPP. If the Company increases its dividend above $0.54 per share per quarter prior to the tenth anniversary of its participation in the CPP, then the anti-dilution provision within the warrants issued in connection with the Company’s participation in the CPP will require the exercise price and number of shares to be issued upon exercise to be proportionately adjusted. The amount of such adjustment is determined by a formula and depends in part on the extent to which the Company raises its dividend. The formulas are contained in the warrant agreements which were filed as exhibits to Form 8-K filed on September 23, 2011.

During the years ended December 31, 2013, 2012, and 2011, the Company declared and paid common dividends totaling $188 million, or $0.35 per common share, $107 million, or $0.20 per common share, and $64 million, or $0.12 per common share, respectively. The Company also paid cash dividends on perpetual preferred stock totaling $37 million, $12 million, and $67 million during the years ended December 31, 2013, 2012, and 2011, respectively. During 2013, the dividend per share for Series A and Series B Perpetual Preferred Stock was $4,056, and $5,793 for the Series E Perpetual Preferred Stock.

Substantially all of the Company’s retained earnings are undistributed earnings of the Bank, which are restricted by various regulations administered by federal and state bank regulatory authorities. At December 31, 2013 and 2012, retained earnings of the Bank available for payment of cash dividends to the Parent Company under these regulations totaled approximately $2.6 billion and $1.8 billion, respectively. Additionally, the Federal Reserve requires the Company to maintain cash reserves. At December 31, 2013 and 2012, these reserve requirements totaled $2.0 billion and $1.9 billion, respectively and were fulfilled with a combination of cash on hand and deposits at the Federal Reserve.

Capital Ratios
The Company is subject to various regulatory capital requirements which involve quantitative measures of the Company’s assets. Capital ratios at December 31 consisted of the following:
 
 
 
 
 
 
 
 
 
2013
 
2012
(Dollars in millions)
Amount      
 
Ratio      
 
Amount      
 
Ratio      
SunTrust Banks, Inc.
 
 
 
 
 
 
 
Tier 1 common

$14,602

 
9.82
%
 
$13,509
 
10.04
%
Tier 1 capital
16,073

 
10.81

 
14,975

 
11.13

Total capital
19,052

 
12.81

 
18,131

 
13.48

Tier 1 leverage
 
 
9.58

 
 
 
8.91

SunTrust Bank
 
 
 
 
 
 
 
Tier 1 capital

$16,059

 
10.96
%
 
$15,121
 
11.38
%
Total capital
18,810

 
12.84

 
18,056

 
13.59

Tier 1 leverage
 
 
9.78

 
 
 
9.23



On October 11, 2013, the Federal Reserve published final rules in the Federal Register related to required minimum capital ratios that become effective for the Company and the Bank on January 1, 2015. Under the final Basel III rules in the U.S., the minimum capital requirements contain thresholds for Common Equity Tier 1 ratio of 4.5%; Tier 1 Capital ratio of 6%; Total Capital ratio of 8%; U.S. Leverage ratio of 4%; and a capital conservation buffer of 2.5% of RWA.
At December 31, 2013, the Company had $627 million in trust preferred securities outstanding. The final Basel III capital rules require the phase out of non-qualifying Tier 1 Capital instruments such as trust preferred securities. As such, over a 2-year period beginning on January 1, 2015, approximately $627 million in principal amount of the Company's trust preferred and other hybrid capital securities currently outstanding will no longer qualify for Tier 1 capital treatment, but instead will qualify for Tier 2 capital treatment. Accordingly, the Company anticipates that, by January 1, 2016, all $627 million of its outstanding trust preferred securities will lose Tier 1 capital treatment, and will be reclassified as Tier 2 capital.
Preferred Stock
Preferred stock at December 31 consisted of the following:
 
 
 
 
 
(Dollars in millions)
 
2013
 
2012
Series A (1,725 shares outstanding)
 

$172

 

$172

Series B (1,025 shares outstanding)
 
103

 
103

Series E (4,500 shares outstanding)
 
450

 
450

Total preferred stock
 

$725

 

$725


In September 2006, the Company authorized and issued depositary shares representing ownership interests in 5,000 shares of Perpetual Preferred Stock, Series A, no par value and $100,000 liquidation preference per share (the Series A Preferred Stock). The Series A Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends on the Series A Preferred Stock, if declared, will accrue and be payable quarterly at a rate per annum equal to the greater of three-month LIBOR plus 0.53%, or 4.00%. Dividends on the shares are noncumulative. Shares of the Series A Preferred Stock have priority over the Company’s common stock with regard to the payment of dividends and, as such, the Company may not pay dividends on or repurchase, redeem, or otherwise acquire for consideration shares of its common stock unless dividends for the Series A Preferred Stock have been declared for that period and sufficient funds have been set aside to make payment. During 2009, the Company repurchased 3,275 shares of the Series A Preferred Stock. In September 2011, the Series A Preferred Stock became redeemable at the Company’s option at a redemption price equal to $100,000 per share, plus any declared and unpaid dividends. Except in certain limited circumstances, the Series A Preferred Stock does not have any voting rights.
In December 2011, the Company authorized 5,010 shares and issued 1,025 shares of Perpetual Preferred Stock, Series B, no par value and $100,000 liquidation preference per share (the Series B Preferred Stock). The Series B Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends on the shares are noncumulative and, if declared, will accrue and be payable quarterly at a rate per annum equal to the greater of three-month LIBOR plus 0.65%, or 4.00%. Shares of the Series B Preferred Stock have priority over the Company's common stock with regard to the payment of dividends and, as such, the Company may not pay dividends on or repurchase, redeem, or otherwise acquire for consideration shares of its common stock unless dividends for the Series B Preferred Stock have been declared for that period and sufficient funds have been set aside to make payment. The Series B Preferred Stock was immediately redeemable upon issuance at the Company's option at a redemption price equal to $100,000 per share, plus any declared and unpaid dividends. Except in certain limited circumstances, the Series B Preferred Stock does not have any voting rights.
In December 2012, the Company authorized 5,000 shares and issued 4,500 shares of Perpetual Preferred Stock, Series E, no par value and $100,000 liquidation preference per share (the Series E Preferred Stock). The Series E Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company to redeem, repurchase, or retire the shares. Dividends on the shares are noncumulative and, if declared, will accrue and be payable quarterly at a rate per annum of 5.875%. Shares of the Series E Preferred Stock have priority over the Company's common stock with regard to the payment of dividends and rank equally with the Company's outstanding Perpetual Preferred Stock, Series A and Series B and, as such, the Company may not pay dividends on or repurchase, redeem, or otherwise acquire for consideration shares of its common stock unless dividends for the Series E Preferred Stock have been declared for that period and sufficient funds have been set aside to make payment. The Series E Preferred Stock is redeemable, at the option of the Company, on any dividend payment date occurring on or after March 15, 2018, at a redemption price equal to $100,000 per share, plus any declared and unpaid dividends, without regard to any undeclared dividends. Except in certain limited circumstances, the Series E Preferred Stock does not have any voting rights.
The Company repurchased its Series C and D Cumulative Perpetual Preferred Stock from the U.S. Treasury in March 2011. In September 2011, the U.S. Treasury sold, in a public auction, a total of 17.9 million of the Company's warrants to purchase 11.9 million shares of the Company's common stock at an exercise price of $44.15 per share (Series B warrants) and 6 million shares of the Company's common stock at an exercise price of $33.70 per share (Series A warrants). The warrants were issued by the Company to the U.S. Treasury in connection with its investment in the Company under the CPP and have expiration dates of November 2018 (Series B) and December 2018 (Series A). In conjunction with the U.S. Treasury's auction, the Company acquired 4 million of the Series A warrants for $11 million and retired them.
Income Taxes
Income Taxes
NOTE 14 - INCOME TAXES
The components of income tax provision included in the Consolidated Statements of Income during the years ended December 31 were as follows:
(Dollars in millions)
 
2013
 
2012
 
2011
Current income tax (benefit)/expense:
 
 
 
 
 
 
Federal
 

($206
)
 

$553

 

($4
)
State
 
(16
)
 
26

 
—

Total
 

($222
)
 

$579

 

($4
)
Deferred income tax expense/(benefit):
 
 
 
 
 
 
Federal
 

$444

 

$229

 

$81

State
 
51

 
(35
)
 
2

Total
 
495

 
194

 
83

Total income tax expense
 

$273

 

$773

 

$79



The income tax provision does not reflect the tax effects of unrealized gains and losses and other income and expenses recorded in AOCI. For additional information on AOCI, see Note 21, “Accumulated Other Comprehensive Income.”

A reconciliation of the expected income tax expense at the statutory federal income tax rate of 35% to the Company’s actual provision for income taxes and the effective tax rate during the years ended December 31 were as follows:
 
 
2013
 
2012
 
2011
(Dollars in millions)
 
Amount
 
Percent of
Pre-Tax
Income
 
Amount
 
Percent of
Pre-Tax
Income
 
Amount
 
Percent of
Pre-Tax
Income
Income tax expense at federal statutory rate
 

$566

 
35.0
 %
 

$956

 
35.0
 %
 

$254

 
35.0
 %
Increase (decrease) resulting from:
 
 
 
 
 
 
 
 
 
 
 
 
State income taxes, net
 
20

 
1.2

 
(9
)
 
(0.3
)
 
1

 
0.1

Tax-exempt interest
 
(80
)
 
(4.9
)
 
(77
)
 
(2.8
)
 
(72
)
 
(9.9
)
Internal restructuring
 
(343
)
 
(21.3
)
 
—

 
—

 
—

 
—

Changes in UTBs (including interest), net
 
152

 
9.4

 
1

 
—

 
1

 
0.1

Income tax credits
 
(84
)
 
(5.2
)
 
(83
)
 
(3.0
)
 
(88
)
 
(12.1
)
Non-deductible expenses
 
49

 
3.1

 
16

 
0.6

 
6

 
0.8

Dividends received deduction
 
(1
)
 
—

 
(8
)
 
(0.3
)
 
(14
)
 
(1.9
)
Other
 
(6
)
 
(0.4
)
 
(23
)
 
(0.9
)
 
(9
)
 
(1.2
)
Total income tax expense and rate
 

$273

 
16.9
 %
 

$773

 
28.3
 %
 

$79

 
10.9
 %


Deferred income tax assets and liabilities result from differences between the timing of the recognition of assets and liabilities for financial reporting purposes and for income tax return purposes. These assets and liabilities are measured using the enacted federal and state tax rates expected to apply in the periods in which the deferred tax assets or liabilities are expected to be realized. The net deferred income tax liability is recorded in other liabilities in the Consolidated Balance Sheets. The significant components of the DTAs and DTLs, net of the federal impact for state taxes, at December 31 were as follows:
(Dollars in millions)
 
2013
 
2012
DTAs:
 
 
 
 
ALLL
 

$795

 

$861

Accrued expenses
 
463

 
685

State NOL and other carryforwards
 
208

 
169

Net unrealized losses in AOCI
 
153

 
—

Other
 
131

 
173

Total gross DTAs
 
1,750

 
1,888

Valuation allowance
 
(102
)
 
(56
)
Total DTAs
 

$1,648

 

$1,832

DTLs:
 
 
 
 
Leasing
 

$804

 

$786

Net unrealized gains in AOCI
 
—

 
197

Compensation and employee benefits
 
97

 
74

MSRs
 
566

 
623

Loans
 
98

 
72

Goodwill and intangible assets
 
151

 
141

Fixed assets
 
153

 
196

Other
 
53

 
62

Total DTLs
 

$1,922

 

$2,151

Net DTL
 

($274
)
 

($319
)


The DTAs include state NOLs and other state carryforwards that will expire, if not utilized, in varying amounts from 2014 to 2033. At December 31, 2013 and 2012, the Company had a valuation allowance recorded against its state carryforwards and certain state DTAs of $102 million and $56 million, respectively. The increase in the valuation allowance was primarily due to an increase in the valuation allowance recorded against STM’s state NOLs. The Company determined that a valuation allowance is not required for the federal and the remaining state DTAs because it is more likely than not these assets will be realized.

The following table provides a rollforward of the Company's federal and state UTBs, excluding interest and penalties, during the years ended December 31:
(Dollars in millions)
2013
 
2012
Balance at January 1

$137

 

$133

Increases in UTBs related to prior years
4

 
1

Decreases in UTBs related to prior years
(10
)
 
(2
)
Increases in UTBs related to the current year
171

 
45

Decreases in UTBs related to settlements
(2
)
 
(34
)
Decreases in UTBs related to lapse of the applicable statutes of limitations
(9
)
 
(6
)
Balance at December 31

$291

 

$137



The amount of UTBs that, if recognized, would affect the Company's effective tax rate was $237 million at December 31, 2013. The remainder of the UTBs have offsetting amounts in other jurisdictions or would be offset by the recording of a valuation allowance.
Interest related to UTBs is recorded as a component of the income tax provision. The Company had a liability of $17 million and $18 million for interest related to its UTBs at December 31, 2013 and 2012, respectively. During the years ended December 31, 2013 and 2012, the Company recognized a benefit of approximately $1 million and $3 million, respectively, for interest on the UTBs.

The Company files U.S. federal, state, and local income tax returns. The Company's federal income tax returns are no longer subject to examination by the IRS for taxable years prior to 2010. With limited exceptions, the Company is no longer subject to examination by state and local taxing authorities for taxable years prior to 2006. It is reasonably possible that the liability for UTBs could decrease by as much as $75 million during the next 12 months due to completion of tax authority examinations, receipt of a private letter ruling from the IRS, and the expiration of statutes of limitations.
Employee Benefit Plans
Employee Benefit Plans
NOTE 15 - EMPLOYEE BENEFIT PLANS
The Company sponsors various short-term incentive plans and LTIs for eligible employees, which may be delivered through various incentive programs, including stock options, RSUs, restricted stock, and LTI cash. AIP is the Company's short-term cash incentive plan for key employees that provides for potential annual cash awards based on the Company's performance and/or the achievement of business unit and individual performance objectives. Awards under the LTI cash plan generally cliff vest over a period of three years from the date of the award and are paid in cash. All incentive awards are subject to clawback provisions. Compensation expense for the AIP and LTI cash plans was $150 million, $155 million, and $116 million for the years ended December 31, 2013, 2012, and 2011, respectively.
Previously, TARP prohibited the payment of any bonus, incentive compensation, or stock option award to the Company's five NEOs and certain other highly-compensated executives. As a result, beginning in January 2010, the Company paid additional base salary amounts in the form of stock (salary shares) to the NEOs and some of the other employees who were among the next 20 most highly-compensated executives. The Company did this each pay period in the form of stock units under the SunTrust Banks, Inc. 2009 Stock Plan (the "2009 Stock Plan") until the Company repaid the U.S. government's TARP investment. The Company settled the stock units in cash; for the 2010 salary shares, one half was settled on March 31, 2011, and one half was settled on March 31, 2012. The 2011 salary shares were settled on March 30, 2011, the date the Company repaid the U.S. government's TARP investment. The amount paid upon settlement of the stock units was equal to the value of a share of SunTrust common stock on the settlement date. The value of salary shares paid was $4 million and $7 million during 2012 and 2011, respectively.

Stock-Based Compensation
The Company provides stock-based awards through the 2009 Stock Plan (as amended and restated effective January 1, 2011) under which the Compensation Committee of the Board of Directors has the authority to grant stock options, restricted stock, and RSUs to key employees of the Company. Some awards may have performance or other conditions, such as vesting tied to the Company's total shareholder return relative to a peer group or vesting tied to the achievement of an absolute financial performance target. Under the 2009 Stock Plan, approximately 21 million shares of common stock are authorized and reserved for issuance, of which no more than 17 million shares may be issued as restricted stock or stock units. At December 31, 2013, 17,274,016 shares were available for grant, including 8,971,619 shares available to be issued as restricted stock.

Shares or units of restricted stock may be granted to employees and directors and typically cliff vest after three years. Restricted stock grants may be subject to one or more criteria, including employment, performance, or other conditions as established by the Compensation Committee at the time of grant. Any shares of restricted stock that are forfeited will again become available for issuance under the Stock Plan. An employee or director has the right to vote the shares of restricted stock after grant unless and until they are forfeited. Compensation cost for restricted stock is equal to the fair market value of the shares on the grant date of the award and is amortized to compensation expense over the vesting period. Dividends are paid on awarded but unvested restricted stock. We do not pay dividends on unvested RSU awards but instead accrue and reinvest them in equivalent shares of SunTrust common stock and pay them only if the underlying RSU award vests. Generally, RSU awards are classified as equity. During 2012, however, there were 574,257 RSUs granted that were classified as a liability because the grant date had not been achieved as defined under U.S. GAAP. They were granted with a fair value of $21.67 per unit on the grant date. The balance of these RSUs classified as a liability at December 31, 2013 and 2012 was $17 million and $12 million, respectively.

The fair value of each stock option award is estimated on the date of grant using a Black-Scholes option pricing model. The expected volatility represents the implied volatility of SunTrust stock. The expected term represents the period of time that the stock options granted are expected to be outstanding and is derived from historical data that is used to evaluate patterns such as stock option exercise and employee termination. Through the repurchase of preferred stock issued to the U.S. Treasury in the first quarter of 2011, the expected dividend yield was based on the current rate in effect at the grant date. Beginning in second quarter 2011, the Company began using the projected dividend to be paid as the dividend yield assumption. The risk-free interest rate is derived from the U.S. Treasury yield curve in effect at the time of grant based on the expected life of the option. Stock options are granted at an exercise price that is no less than the fair market value of a share of SunTrust common stock on the grant date and may be either tax-qualified incentive stock options or non-qualified stock options. Stock options typically vest pro-rata over three years and generally have a maximum contractual life of ten years. Upon exercise, shares are generally issued from treasury stock. The weighted average fair value of options granted during 2013, 2012, and 2011 were $7.37, $7.83, and $10.51 per share, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model based on the following assumptions:
 
Year Ended December 31
 
2013
 
2012
 
2011
Dividend yield
1.28
%
 
0.91
%
 
0.75
%
Expected stock price volatility
30.98

 
39.88

 
34.87

Risk-free interest rate (weighted average)
1.02

 
1.07

 
2.48

Expected life of options
6 years

 
6 years

 
6 years    



The following table presents a summary of stock option and restricted stock activity:
 
Stock Options
 
Restricted Stock
 
Restricted Stock Units
(Dollars in millions, except per share data)
Shares
 
Price
Range
 
Weighted
Average
Exercise
Price
 
Shares
 
Deferred
Compensation
 
Weighted
Average
Grant
Price
 
Shares
 
Weighted
Average
Grant
Price
Balance, January 1, 2011
17,142,500

 
$9.06 - 150.45

 

$51.17

 
4,620,809

 

$43

 

$25.32

 
65,190

 

$26.96

Granted
813,265

 
19.98 - 32.27

 
29.70

 
1,400,305

 
44

 
31.27

 
344,590

 
37.57

Exercised/vested
(20,000
)
 
9.06

 
9.06

 
(1,085,252
)
 
—

 
50.37

 
—

 
—

Cancelled/expired/forfeited
(2,066,348
)
 
9.06 - 140.40

 
63.40

 
(313,695
)
 
(7
)
 
22.07

 
(4,305
)
 
26.96

Amortization of restricted stock compensation
—

 
—

 
—

 
—

 
(32
)
 
—

 
—

 
—

Balance, December 31, 2011
15,869,417

 
9.06 - 150.45

 
48.53

 
4,622,167

 
48

 
21.46

 
405,475

 
35.98

Granted
859,390

 
21.67 - 23.68

 
21.92

 
1,737,202

 
38

 
21.97

 
1,717,148

 
22.65

Exercised/vested
(973,048
)
 
9.06 - 22.69

 
9.90

 
(2,148,764
)
 
—

 
14.62

 
(109,149
)
 
27.73

Cancelled/expired/forfeited
(2,444,107
)
 
9.06 - 85.06

 
45.73

 
(524,284
)
 
(8
)
 
19.91

 
(82,828
)
 
22.79

Amortization of restricted stock compensation
—

 
—

 
—

 
—

 
(30
)
 
—

 
—

 
—

Balance, December 31, 2012
13,311,652

 
9.06 - 150.45

 
50.15

 
3,686,321

 
48

 
25.56

 
1,930,646

 
25.16

Granted
552,998

 
27.41

 
27.41

 
1,314,277

 
39

 
29.58

 
593,093

 
24.65

Exercised/vested
(712,981
)
 
9.06 - 27.79

 
16.94

 
(821,636
)
 
—

 
25.95

 
(41,790
)
 
28.73

Cancelled/expired/forfeited
(2,222,298
)
 
21.67 - 118.18

 
56.55

 
(195,424
)
 
(5
)
 
27.41

 
14,229

 
20.54

Amortization of restricted stock compensation
—

 
—

 
—

 
—

 
(32
)
 
—

 
—

 
—

Balance, December 31, 2013
10,929,371

 
$9.06 - 150.45

 

$49.86

 
3,983,538

 

$50

 

$27.04

 
2,496,178

 

$26.69

Exercisable, December 31, 2013
9,351,182

 
 
 

$53.89

 
 
 
 
 
 
 
 
 
 


The following table presents information on stock options by range of exercise prices at December 31, 2013:
(Dollars in millions, except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
  
 
Options Outstanding
 
Options Exercisable
Range of Exercise
Prices
 
Number
Outstanding
at
December 31, 2013
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
 
Number
Exercisable
at
December 31, 2013
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
$9.06 to 49.46
 
4,548,172

 

$19.57

 
6.22

 

$78

 
2,969,983

 

$16.14

 
5.22

 

$61

$49.47 to 64.57
 
424,131

 
56.16

 
0.07

 
—

 
424,131

 
56.16

 
0.07

 
—

$64.58 to 150.45
 
5,957,068

 
72.54

 
1.37

 
—

 
5,957,068

 
72.54

 
1.37

 
—

 
 
10,929,371

 

$49.86

 
3.34

 

$78

 
9,351,182

 

$53.89

 
2.54

 

$61


The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of 2013 and the exercise price, multiplied by the number of in-the-money stock options) that would have been received by the option holders had all option holders exercised their options on December 31, 2013. This amount changes based on the fair market value of the Company’s stock. Total intrinsic value of options exercised for the years ended December 31, 2013 and 2012 was $11 million and $15 million, respectively, and less than $1 million for the year ended 2011. Total fair value, measured as of the grant date, of vested restricted shares was $21 million, $31 million, and $55 million, for the years ended December 31, 2013, 2012, and 2011, respectively. Total fair value, measured as of the grant date, of vested RSUs was $1 million and $3 million for the years ended December 31, 2013 and 2012, respectively, and none for the year ended December 31, 2011.
At December 31, 2013 and 2012, there was $66 million and $67 million, respectively, of unrecognized stock-based compensation expense related to unvested stock options, restricted stock, and RSUs. The unrecognized stock compensation expense at December 31, 2013 is expected to be recognized over a weighted average period of 1.85 years.

Stock-based compensation expense recognized in noninterest expense for the years ended December 31 was as follows:
(Dollars in millions)
2013
 
2012
 
2011
Stock-based compensation expense:
 
 
 
 
 
Stock options

$6

 

$11

 

$15

Restricted stock
32

 
30

 
32

RSUs
18

 
27

 
10

Total stock-based compensation expense

$56

 

$68

 

$57



The recognized stock-based compensation tax benefit was $21 million, $26 million, and $22 million for the years ended December 31, 2013, 2012, and 2011, respectively.
In addition to the SunTrust stock-based compensation awards, the Company has two subsidiaries which sponsor separate equity plans where subsidiary restricted stock or restricted membership interests are granted to key employees of the subsidiaries. These awards may be subject to one or more vesting criteria, including employment, performance, or other conditions as established by the board of directors or executive of the subsidiary at the time of grant. Compensation cost for these restricted awards is equal to the fair market value of the shares on the grant date of the award and is amortized to compensation expense over the vesting period considering an estimation of forfeitures. As the equity of these subsidiaries is not traded in public markets, fair market value of the shares on the grant date is determined based on an external valuation. Depending on the specific terms of the awards, unvested awards may or may not be entitled to receive dividends or distributions during the vesting period. The restricted stock awards and restricted membership interest awards are subject to certain fair value put and call provisions subsequent to vesting. Stock-based compensation expense recognized in noninterest expense for the subsidiary equity plans totaled $6 million for the year ended December 31, 2013 and totaled $8 million for both years ended December 31, 2012 and 2011. During 2011, one of the subsidiaries converted all unvested membership interest awards into LTI cash awards for a fixed dollar amount equal to the fair value of the membership interest at the date of modification. The modified awards will continue to vest based on their original vesting schedule, and compensation expense will be recognized based on the higher of the original grant date value or the modified value.

Retirement Plans
Defined Contribution Plan
SunTrust's employee benefit program includes a qualified defined contribution plan. For 2013 and 2012, the plan provided a dollar for dollar match on the first 6% of eligible pay that a participant, including executive participants, elected to defer to the 401(k) plan. Compensation expense related to this plan for each year ended December 31, 2013 and 2012 was $96 million. SunTrust also maintains the SunTrust Banks, Inc. Deferred Compensation Plan in which key executives of the Company are eligible. In accordance with the terms of the plan, the matching contribution to the Deferred Compensation Plan is the same percentage of match as provided in the 401(k) Plan subject to such limitations as may be imposed by the plans' provisions and applicable laws and regulations. Effective January 1, 2012, the Company's 401(k) plan and the Deferred Compensation Plan were amended to permit an additional discretionary Company contribution equal to a fixed percentage of eligible pay, as defined in the respective plan. For the 2012 performance year, the Company made a discretionary contribution on March 15, 2013, in the amount of 2% of 2012 eligible pay to the 401(k) Plan and the Deferred Compensation Plan, which was $38 million. For the 2013 performance year, the Company anticipates making a discretionary contribution on March 15, 2014, in the amount of 1% of 2013 eligible pay to the 401(k) Plan and the Deferred Compensation Plan of $19 million.
During 2011 the Company's 401(k) plan and the Deferred Compensation Plan provided a dollar for dollar match on the first 5% of eligible pay that a participant elected to defer to the 401(k) plan. Compensation expense related to the 401(k) plan for the year ended December 31, 2011 totaled $81 million, excluding the special contribution during 2011 described below. Effective January 1, 2011, employees hired on or after January 1, 2011 will vest in all Company 401(k) matching contributions and matching contributions under the Deferred Compensation Plan upon completion of two years of vesting service. During 2011, the Company's 401(k) plan and the Deferred Compensation Plan were amended to provide for a special one-time contribution equal to 5% of eligible 2011 earnings, which was $28 million, for employees who have: (1) at least 20 years of service at December 31, 2011, or (2) 10 years of service and the sum of age and service equaled or exceeded 60 at December 31, 2011. This contribution was made subsequent to the retirement pension benefit curtailment described below.
Noncontributory Pension Plans
The Company maintains a funded, noncontributory qualified retirement plan (the "Retirement Plan") covering employees meeting certain service requirements. The plan provides benefits based on salary and years of service and, effective January 1, 2008, either a traditional pension benefit formula, a cash balance formula (the Personal Pension Account), or a combination of both. Participants are 100% vested after 3 years of service. The interest crediting rate applied to each Personal Pension Account was 3% for 2013. The Company monitors the funded status of the plan closely and due to the current funded status, the Company did not contribute to either of its noncontributory qualified retirement plans ("Retirement Benefit Plans") for the 2013 plan year.
The Company also maintains unfunded, noncontributory nonqualified supplemental defined benefit pension plans that cover key executives of the Company (the "SERP", the "ERISA Excess Plan", and the "Restoration Plan"). The plans provide defined benefits based on years of service and salary. The Company's obligations for these nonqualified supplemental defined benefit pension plans are included within the qualified Pension Plans in the tables presented in this section under “Pension Benefits.”
The SunTrust Banks, Inc. Restoration Plan (the “Restoration Plan”), effective January 1, 2011, is a nonqualified defined benefit cash balance plan designed to restore benefits to certain employees that are limited under provisions of the Internal Revenue Code and are not otherwise provided for under the ERISA Excess Plan. The benefit formula under the Restoration Plan is the same as the Personal Pension Account under the Retirement Plan.
On October 1, 2004, the Company acquired NCF. Prior to the acquisition, NCF sponsored a funded qualified retirement plan, an unfunded nonqualified retirement plan for some of its participants, and certain other postretirement health benefits for its employees. Similar to the Company's Retirement Plan, due to the current funded status of the NCF qualified Retirement Plan, the Company did not make a contribution for the 2013 plan year.

Effective January 1, 2011, a separate retirement plan was created exclusively for inactive and retired employees (“SunTrust Banks, Inc. Retirement Plan for Inactive Participants”). Obligations and related plan assets were transferred from the SunTrust Banks, Inc. Retirement Plan to the new separate retirement plan. As described in the following paragraph, effective January 1, 2012, the plans were combined into one Retirement Plan.

The Retirement Plan, the SERP, the ERISA Excess Plan, and the Restoration Plan were each amended on November 14, 2011 to cease all future benefit accruals. As a result, the traditional pension benefit formulas (final average pay formulas) do not reflect future salary increases and benefit service after December 31, 2011, and compensation credits under the Personal Pension Accounts (cash balance formula) ceased. However, interest credits under the Personal Pension Accounts continue to accrue until benefits are distributed and service continues to be recognized for vesting and eligibility requirements for early retirement. Additionally, the NCF Retirement Plan, which had been previously curtailed with respect to future benefit accruals, was amended to cease any adjustments for pay increases after December 31, 2011. As a result of the curtailment, the SunTrust Banks, Inc. Retirement Plan for Inactive Participants was merged into the Retirement Plan effective January 1, 2012. The Company recorded a curtailment gain of $88 million during 2011, which is reflected in employee benefits expense in the Consolidated Statements of Income, and a reduction to the pension benefit obligation of $96 million, which is reflected in the Consolidated Balance Sheets. The curtailment gain was partially offset by the $28 million special 401(k) contribution discussed above.
The Company contributed less than $1 million to the Postretirement Welfare Plan during the year ended December 31, 2013. Additionally, the Company expects to receive a Medicare Part D Subsidy reimbursement for 2014 of less than $1 million. The expected pre-tax long-term rate of return on plan assets for the Postretirement Welfare Plan is 5.25% for 2014.
Other Postretirement Benefits
Although not under contractual obligation, the Company provides certain health care and life insurance benefits to retired employees (“Other Postretirement Benefits” in the tables below). At the option of the Company, retirees may continue certain health and life insurance benefits if they meet specific age and service requirements at the time of retirement. The health care plans are contributory with participant contributions adjusted annually, and the life insurance plans are noncontributory. Certain retiree health benefits are funded in a Retiree Health Trust. Additionally, certain retiree life insurance benefits are funded in a VEBA. The Company reserves the right to amend or terminate any of the benefits at any time. During the fourth quarter of 2013, the Company communicated a change in its retiree medical plan effective April 1, 2014. Retirees age 65 and older will enroll in individual Medicare supplemental plans and will no longer participate in a Company-sponsored group health plan.  In addition, the Company will fund a tax-advantaged Health Reimbursement Arrangement (HRA) to assist some retirees with medical expenses. The plan amendment was measured as of December 31, 2013 and resulted in a decrease of $76 million in liability and AOCI for the postretirement benefits plan.
Assumptions
Each year, the SunTrust Benefits Finance Committee, which includes several members of senior management, reviews and approves the assumptions used in the year-end measurement calculations for each plan. The discount rate for each plan, used to determine the present value of future benefit obligations, is determined by matching the expected cash flows of each plan to a yield curve based on long-term, high quality fixed income debt instruments available as of the measurement date. A series of benefit payments projected to be paid by the plan is developed based on the most recent census data, plan provisions, and assumptions. The benefit payments at each future maturity are discounted by the year-appropriate spot interest rates. The model then solves for the discount rate that produces the same present value of the projected benefit payments as generated by discounting each year’s payments by the spot interest rate. Prior to curtailment, a rate of compensation growth was used to determine future obligations for those plans whose benefits vary by pay.
Actuarial gains and losses are created when actual experience deviates from assumptions. The actuarial gains on obligations generated within the Pension Plans during 2013 resulted primarily from higher interest rates and better than expected asset returns. The actuarial losses during 2012 resulted primarily from lower interest rates.

The change in benefit obligations during the year ended December 31 was as follows:
 
 
Pension Benefits
 
Other Postretirement Benefits
(Dollars in millions)
2013
 
2012
 
2013
 
2012
Benefit obligation, beginning of year

$2,838

 

$2,661

 

$167

 

$173

Interest cost
113

 
119

 
6

 
7

Plan participants’ contributions
—

 
—

 
21

 
22

Actuarial loss/(gain)
(195
)
 
242

 
1

 
(2
)
Benefits paid
(181
)
 
(184
)
 
(41
)
 
(36
)
Less federal Medicare drug subsidy
—

 
—

 
3

 
3

Plan amendments
—

 
—

 
(76
)
 
—

Benefit obligation, end of year

$2,575

 

$2,838

 

$81

 

$167


The accumulated benefit obligation for the Pension Benefits at December 31, 2013 and 2012 was $2.6 billion and $2.8 billion, respectively.

Pension benefits with a projected benefit obligation, in excess of plan assets at December 31 were as follows:
 
(Dollars in millions)
2013
 
2012
Projected benefit obligation

$80

 

$2,701

Accumulated benefit obligation
79

 
2,701




 
Pension Benefits
 
Other Postretirement Benefits
(Weighted average assumptions used to determine benefit
obligations, end of year)
2013
 
2012
 
2013
 
2012
Discount rate
4.98
%
 
4.08
%
 
4.15
%
 
3.45
%

The changes in plan assets during the year ended December 31 were as follows:
 
 
Pension Benefits
 
Other Postretirement Benefits
(Dollars in millions)
2013
 
2012
 
2013
 
2012
Fair value of plan assets, beginning of year

$2,742

 

$2,550

 

$164

 

$161

Actual return on plan assets
304

 
350

 
14

 
17

Employer contributions
8

 
26

 
—

 
—

Plan participants’ contributions
—

 
—

 
21

 
22

Benefits paid
(181
)
 
(184
)
 
(41
)
 
(36
)
Fair value of plan assets, end of year

$2,873

 

$2,742

 

$158

 

$164


Employer contributions indicated under pension benefits represent the benefits that were paid to nonqualified plan participants. SERPs are not funded through plan assets.
The fair value of plan assets is measured based on the fair value hierarchy which is discussed in Note 18, “Fair Value Election and Measurement.” The valuations are based on third party data received as of the balance sheet date. Level 1 assets such as money market funds, equity securities, and mutual funds are instruments that are traded in active markets and are valued based on identical instruments. Fixed income securities are primarily classified as level 2 assets because there is not an identical asset in the market upon which to base the valuation; however, there are no significant unobservable assumptions used to value level 2 instruments. Corporate, foreign bonds, and preferred securities are valued based on quoted market prices obtained from external pricing sources where trading in an active market exists for level 2 assets. Level 3 assets are assets where limited visible market activity exists for these instruments or similar instruments, and therefore, significant unobservable assumptions are used to value the securities.
The following tables set forth by level, within the fair value hierarchy, plan assets at fair value related to Pension Benefits at December 31, 2013 and 2012:
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements at December 31, 2013 using 1
(Dollars in millions)
Assets Measured at
Fair Value at
December 31, 2013
Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
Money market funds
 

$83

 

$83

 

$—

 

$—

Equity securities:
 
 
 
 
 
 
 
 
Consumer
 
297

 
297

 
—

 
—

Energy and utilities
 
163

 
163

 
—

 
—

Financials
 
268

 
268

 
—

 
—

Healthcare
 
166

 
166

 
—

 
—

Industrials
 
157

 
157

 
—

 
—

Information technology
 
244

 
244

 
—

 
—

Materials
 
51

 
51

 
—

 
—

Telecommunications services
 
28

 
28

 
—

 
—

Futures contracts
 
8

 
—

 
8

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. Treasuries
 
157

 
157

 
—

 
—

Corporate - investment grade
 
932

 
—

 
932

 
—

Foreign bonds
 
183

 
—

 
183

 
—

Government agencies
 
2

 
—

 
2

 
—

Foreign governments
 
4

 
—

 
4

 
—

Municipal taxable
 
53

 
—

 
53

 
—

Corporate obligations CMO and REMIC
 
56

 
—

 
56

 
—

Other assets
 
 
 
 
 
 
 
 
Other assets
 
2

 
2

 
—

 
—

Total plan assets
 

$2,854

 

$1,616

 

$1,238

 

$—

1 Schedule does not include accrued income amounting to less than 0.7% of total plan assets.

 
 
 
 
Fair Value Measurements at December 31, 2012 using 1
(Dollars in millions)
Assets Measured at
Fair Value at
December 31, 2012
Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Money market funds
 

$48

 

$48

 

$—

 

$—

Mutual funds:
 
 
 
 
 
 
 
 
International diversified funds
 
401

 
401

 
—

 
—

Equity securities:
 
 
 
 
 
 
 
 
Consumer
 
218

 
218

 
—

 
—

Energy and utilities
 
127

 
127

 
—

 
—

Financials
 
136

 
136

 
—

 
—

Healthcare
 
111

 
111

 
—

 
—

Industrials
 
197

 
197

 
—

 
—

Information technology
 
199

 
199

 
—

 
—

Materials
 
45

 
45

 
—

 
—

Telecommunications Services
 
17

 
17

 
—

 
—

Exchange traded funds
 
172

 
172

 
—

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. Treasuries
 
534

 
534

 
—

 
—

Corporate - investment grade
 
412

 
—

 
412

 
—

Foreign bonds
 
77

 
—

 
77

 
—

Preferred Securities - Domestic
 
33

 
—

 
33

 
—

Preferred Securities - Foreign
 
2

 
—

 
2

 
—

Total plan assets
 

$2,729

 

$2,205

 

$524

 

$—

1 Schedule does not include accrued income amounting to less than 0.5% of total plan assets.


The following tables set forth by level, within the fair value hierarchy, plan assets at fair value related to Other Postretirement Benefits at December 31, 2013 and 2012:

(Dollars in millions)
 
 
 
Fair Value
Measurements at
December 31, 2013 1
Assets Measured
at Fair Value at December 31, 2013
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Mutual funds:
 
 
 
 
 
 
 
 
Equity index fund
 

$52

 

$52

 

$—

 

$—

Tax exempt municipal bond funds
 
85

 
85

 
—

 
—

Taxable fixed income index funds
 
14

 
14

 
—

 
—

Money market funds
 
7

 
7

 
—

 
—

Total plan assets
 

$158

 

$158

 

$—

 

$—

1 Schedule does not include accrued income.

(Dollars in millions)
 
 
 
Fair Value
Measurements at
December 31, 2012 1
Assets Measured
at Fair Value at December 31, 2012
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Mutual funds:
 
 
 
 
 
 
 
 
Equity index fund
 

$49

 

$49

 

$—

 

$—

Tax exempt municipal bond funds
 
86

 
86

 
—

 
—

Taxable fixed income index funds
 
14

 
14

 
—

 
—

Money market funds
 
15

 
15

 
—

 
—

Total plan assets
 

$164

 

$164

 

$—

 

$—

1 Schedule does not include accrued income.

The SunTrust Benefits Finance Committee establishes investment policies and strategies and formally monitors the performance of the investments throughout the year. The Company’s investment strategy with respect to pension assets is to invest the assets in accordance with ERISA and related fiduciary standards. The long-term primary investment objectives for the Pension Plans are to provide for a reasonable amount of long term growth of capital (both principal and income) without undue exposure to risk in any single asset class or investment category and to enable the Pension Plan to provide benefits to participants thereof. The objectives are accomplished through investments in equities, fixed income, and cash equivalents in a mix that is conducive to participation in a rising market while allowing for protection in a declining market. The portfolio is viewed as long-term in its entirety, avoiding decisions regarding short-term concerns and any single investment. Asset allocation, as a percent of the total market value of the total portfolio, is set with the target percentages and ranges presented in the investment policy statement. Rebalancing occurs on a periodic basis to maintain the target allocation, but normal market activity may result in deviations. During 2013 and 2012, there was no SunTrust common stock held in the Pension Plans.
The basis for determining the overall expected long-term rate of return on plan assets considers past experience, current market conditions, and expectations on future trends. A building block approach is used that considers long-term inflation, real returns, equity risk premiums, target asset allocations, market corrections (for example, narrowing of fixed income spreads between corporate bonds and U.S. Treasuries), and expenses. Capital market simulations from internal and external sources, survey data, economic forecasts, and actuarial judgment are all used in this process.
The expected long-term rate of return on plan assets for the SunTrust Retirement Plan and the NCF Retirement Plan was 7.00% for 2013 and 2012. The expected long-term rate of return is 7.00% for the SunTrust Retirement Plan and 6.5% for the NCF Retirement Plan for 2014. The asset allocation for the Pension Plans combined and the target allocation for each, by asset category, are as follows:
 
 
Target
Allocation
 
Percentage of Plan Assets
at December 31
Asset Category
 
2014
 
2013
 
2012
Equity securities
 
0-60
%
 
48
%
 
59
%
Debt securities
 
40-100
 
 
49

 
39

Cash equivalents
 
0-10
 
 
3

 
2

Total
 
 
 
 
100
%
 
100
%


The investment strategy for the Other Postretirement Benefit Plans is maintained separately from the strategy for the Pension Plans. The Company’s investment strategy is to create a series of investment returns sufficient to provide for a reasonable amount of long term growth of capital (both principal and income) to enable the Plans to provide benefits to participants thereof. During 2012, the assets were diversified among equity funds and fixed income investments according to the asset mix approved by the SunTrust Benefits Finance Committee, which is presented in the target allocation table below. With the Other Post Retirement Benefits having a shorter time horizon, a lower equity profile is appropriate. The pre-tax expected long-term rate of return on retiree life plan assets was 5% for 2013 and 6.25% for 2012. The 2014 pre-tax expected long-term rate of return on retiree life plan assets is 5.25%. The after-tax expected long-term rate of return on retiree health plan assets was 3.25% for 2013 and 4.06% for 2012. The 2014 after-tax expected long-term rate of return on retiree health plan assets is 3.41%. During 2013 and 2012, there was no SunTrust common stock held in the Other Postretirement Benefit Plans.

The asset allocation for Other Postretirement Benefit Plans and the target allocation, by asset category, are as follows:
 
 
Target
Allocation
 
Percentage of Plan Assets
at December 31
Asset Category
 
2014
 
2013
 
2012
Equity securities
 
20-40
%
 
33
%
 
30
%
Debt securities
 
50-70
 
 
62

 
61

Cash equivalents
 
5-15
 
 
5

 
9

Total
 
 
 
 
100
%
 
100
%


Funded Status
The funded status of the plans at December 31 was as follows:
 
 
Pension Benefits
 
Other Postretirement Benefits 2  
(Dollars in millions)
 
2013
 
2012
 
2013
 
2012
Fair value of plan assets
 

$2,873

 

$2,742

 

$158

 

$164

Benefit obligations 1
 
(2,575
)
 
(2,838
)
 
(81
)
 
(167
)
Funded status
 

$298

 

($96
)
 

$77

 

($3
)
1 Includes $80 million and $91 million of benefit obligations for the unfunded nonqualified supplemental pension plans at December 31, 2013 and 2012, respectively.
2 Plan remeasured at December 31, 2013 due to plan amendment.

 
 
 
 
 
 
 
 
 
At December 31, the AOCI balance includes net actuarial losses and prior service costs and credits. The amounts recognized in AOCI were as follows:
 
 
Pension Benefits
 
Other Postretirement Benefits    
(Dollars in millions)
 
2013
 
2012
 
2013
 
2012
Net actuarial loss/(gain)
 

$807

 

$1,145

 

($1
)
 

$5

Prior service credit
 
—

 
—

 
(76
)
 
—

Total AOCI, pre-tax
 

$807

 

$1,145

 

($77
)
 

$5



The key sources of the cumulative net losses to be recognized in future years for all pension benefits are attributable to lower discount rates for the past several years and lower return on assets, predominantly during 2008. As discussed previously, the Company reviews its assumptions annually to ensure they represent the best estimates for the future and will, therefore, minimize future gains and losses.

Expected Cash Flows
Information about the expected cash flows for the Pension Benefit and Other Postretirement Benefit plans is as follows:
(Dollars in millions)
 
Pension
Benefits1,2
 
Other Postretirement
Benefits (excluding
  Medicare Subsidy) 3
 
Value to Company
of Expected
Medicare Subsidy
Employer Contributions
 
 
 
 
 
 
2014 (expected) to plan trusts
 

$—

 

$—

 

$—

2014 (expected) to plan participants
 
7

 
—

 
(1
)
Expected Benefit Payments
 
 
 
 
 
 
2014
 
171

 
12

 
(1
)
2015
 
153

 
9

 
—

2016
 
153

 
8

 
—

2017
 
155

 
8

 
—

2018
 
155

 
7

 
—

2019-2023
 
817

 
25

 
—

1 At this time, the Company anticipates contributions to the Retirement Plan will be permitted (but not required) during 2014 based on the funded status and contribution limitations under the ERISA.
2 The expected benefit payments for the SERP will be paid directly from the Company's corporate assets.
3 Expected benefit payments under Other Postretirement Benefits Plans are shown net of participant contributions.

Net Periodic (Benefit)/Cost

Components of net periodic (benefit)/cost for the year ended December 31 were as follows:
 
Pension Benefits
 
Other Postretirement Benefits
 
(Dollars in millions)
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
Service cost
$
—

 
$
—

 
$
62

 
$
—

 
$
—

 
$
—

 
Interest cost
113

 
119

 
128

 
6

 
7

 
9

 
Expected return on plan assets
(187
)
 
(173
)
 
(188
)
 
(6
)
 
(7
)
 
(7
)
 
Amortization of prior service credit
—

 
—

 
(16
)
 
—

 
—

 
—

 
Recognized net actuarial loss
26

 
25

 
39

 
—

 
—

 
1

 
Curtailment gain
—

 
—

 
(88
)
 
—

 
—

 
—

 
Settlement loss
—

 
2

 
—

 
—

 
—

 
—

 
Net periodic (benefit)/cost

($48
)
 

($27
)
 

($63
)
 

$—

 

$—

 

$3

 
Weighted average assumptions used to determine net (benefit)/cost:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.08
%
 
4.63
%
1 
5.59
%
2 
3.45
%
 
4.10
%
 
5.10
%
 
Expected return on plan assets
7.00

 
7.00

 
7.72

3 
3.25

4 

4.06

4 
4.39

4 
Rate of compensation increase 5
N/A

 
N/A

 
4.00

 
N/A

 
N/A

 
N/A

 
1 Interim remeasurement was required on September 15, 2012, for the SunTrust SERP to reflect settlement accounting.
2 Interim remeasurement was required on November 14, 2011 due to plan amendments adopted at that time. The discount rate as of the remeasurement date was selected based on economic conditions on that date.
3As part of the interim remeasurement on November 14, 2011, the expected return on plan assets was reduced from 7.75% to 7.25% for the SunTrust Pension Plan and the NCF Retirement Plan.
4 The weighted average shown for the Other Postretirement Benefit plan is determined on an after-tax basis.
5 "N/A" - Not applicable


Other changes in plan assets and benefit obligations recognized in OCI during 2013 were as follows:
(Dollars in millions)
Pension
Benefits
 
Other Postretirement
Benefits
Current year actuarial gain

($312
)
 

($6
)
Recognition of actuarial loss
(26
)
 
—

Amortization of prior service credit
—

 
(76
)
Total recognized in OCI, pre-tax

($338
)
 

($82
)
Total recognized in net periodic (benefit)/cost and OCI, pre-tax

($386
)
 

($82
)


For the Pension Plans, the estimated actuarial loss that will be amortized from AOCI into net periodic (benefit)/cost in 2014 is $16 million. For the Other Postretirement Plans, the estimated prior service credit to be amortized from AOCI into net periodic (benefit)/cost in 2014 is $6 million.

Additionally, the Company sets pension asset values equal to their market value, in contrast to the use of a smoothed asset value that incorporates gains and losses over a period of years. Utilization of market value of assets provides a more realistic economic measure of the plan’s funded status and cost. Assumed discount rates and expected returns on plan assets affect the amounts of net periodic (benefit)/cost. A 25 basis point increase/decrease in the expected long-term return on plan assets would decrease/increase the net periodic (benefit)/cost by $7 million for all Pension and Other Postretirement Plans. A 25 basis point increase/decrease in the discount rate would change the net periodic (benefit)/cost by less than $1 million for all Pension and Other Postretirement Plans.
Assumed healthcare cost trend rates have a significant effect on the amounts reported for the Other Postretirement Benefit plans. At December 31, 2013, the Company assumed that pre-65 retiree health care costs will increase at an initial rate of 7.75% per year. The Company assumed a healthcare cost trend that recognizes expected inflation, technology advancements, rising cost of prescription drugs, regulatory requirements, and Medicare cost shifting. The Company expects this annual cost increase to decrease over a 7-year period to 5.00% per year.
Due to changing medical inflation, it is important to understand the effect of a one percentage point change in assumed healthcare cost trend rates. The effects of a 1% increase or 1% decrease on Other Postretirement Benefit obligation and total service and interest cost are less than $1 million, respectively.
Derivative Financial Instruments
Derivative Financial Instruments
NOTE 16 - 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. 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 approach 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 carried, in their entirety, at fair value. All freestanding derivatives and any embedded derivatives that the Company bifurcates from the host contracts are carried at fair value in the Consolidated Balance Sheets in trading assets and derivatives and trading liabilities and derivatives. 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 Derivatives
Derivatives expose the Company to credit risk. The Company minimizes the credit risk of derivatives by entering into transactions with counterparties with defined exposure limits based on credit quality that are reviewed periodically by the Company’s Credit Risk Management division. The Company’s derivatives may also be governed by an ISDA or other master agreement, and depending on the nature of the derivative, bilateral collateral agreements are typically in place as well. In 2013, the Company became subject to OTC derivative clearing requirements as a registered swap dealer. As a result, certain derivatives are now required to be cleared through central clearing members in which the Company is required to post initial margin and, in addition, to further 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 market value of its derivative positions with that counterparty if an asset, adjusted for held collateral. At December 31, 2013, these net derivative asset positions were $1.0 billion, representing the $1.5 billion of derivative net gains adjusted for cash and other collateral of $0.5 billion that the Company held in relation to these gain positions. At December 31, 2012, net derivative asset positions were $1.8 billion, representing $2.6 billion of derivative net gains, adjusted for cash and other collateral of $0.8 billion 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, or implied volatility, has on the value of a derivative. The Company 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.
Derivative instruments are priced with observable market assumptions at a mid-market valuation point, with appropriate valuation adjustments for liquidity and credit risk. For purposes of valuation adjustments to its derivative positions, the Company has evaluated liquidity premiums that may be demanded 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 recognize. Generally, the expected loss of 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. For counterparties that are rated by national rating agencies, those ratings are also considered in estimating the credit risk. Additionally, counterparty exposure is evaluated by offsetting positions that are subject to master netting arrangements, as well as by considering the amount of marketable collateral securing the position. All counterparties and defined exposure limits are explicitly approved. Counterparties are regularly reviewed and appropriate business action is taken to adjust the exposure to certain counterparties, as necessary. This approach is also used by the Company to estimate its own credit risk on derivative liability positions. The Company adjusted the net fair value of its derivative contracts for estimates of net counterparty credit risk by approximately $16 million and $29 million at December 31, 2013 and 2012, respectively.
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 then-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 $941 million in fair value at December 31, 2013 and $1.3 billion at December 31, 2012, 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 December 31, 2013, the Bank carried senior long-term debt ratings of A3/BBB+ from three of the major ratings agencies. At the current rating level, ATEs have been triggered for approximately $3 million in fair value liabilities at December 31, 2013. For illustrative purposes, if the Bank were downgraded to BB+, ATEs would be triggered in derivative liability contracts that had a total fair value of $9 million at December 31, 2013; ATEs do not exist at lower ratings levels. At December 31, 2013, $938 million in fair value of derivative liabilities were subject to CSAs, against which the Bank has posted $864 million in collateral, primarily in the form of cash. If requested by the counterparty pursuant to the terms of the CSA, the Bank would be required to post estimated additional collateral against these contracts at December 31, 2013, of $10 million if the Bank were downgraded to Baa3/BBB-, and any 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 December 31, 2013 and 2012. The notional amounts in the tables are presented on a gross basis and have been classified within Asset Derivatives or Liability Derivatives based on the estimated fair value of the individual contract at December 31, 2013 and 2012. Gross positive and gross negative fair value amounts associated with respective notional amounts are presented without consideration of any netting agreements, including collateral arrangements. 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 an Asset Derivative and the written notional amount being presented as a Liability Derivative. 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.
 
December 31, 2013
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
 
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivatives designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans
 

$17,250

  

$471

 

$—

  

$—

Derivatives designated in fair value hedging relationships 2
 
 
 
 
 
 
 
 
Interest rate contracts covering fixed rate debt
 
2,000

 
52

 
900

 
24

Derivatives not designated as hedging instruments 3
 
 
 
 
 
 
 
 
Interest rate contracts covering:
 
 
 
 
 
 
 
 
Fixed rate debt
 
—

  
—

 
60

  
7

MSRs
 
1,425

  
27

 
6,898

  
79

LHFS, IRLCs 4
 
4,561

 
30

 
1,317

 
5

Trading activity 5
 
70,615

 
2,917

 
65,299

 
2,742

Foreign exchange rate contracts covering trading activity
 
2,449

  
61

 
2,624

  
57

Credit contracts covering:
 
 
 
 
 
 
 
 
Loans
 
—

  
—

 
427

  
5

Trading activity 6
 
1,568

 
37

 
1,579

 
34

Equity contracts - Trading activity 5
 
19,595

 
2,504

 
24,712

 
2,702

Other contracts:
 
 
 
 
 
 
 
 
IRLCs and other 7
 
1,114

  
12

 
755

 
4

Commodities
 
241

  
14

 
228

  
14

Total
 
101,568

  
5,602

 
103,899

  
5,649

Total derivatives
 

$120,818

  

$6,125

 

$104,799

  

$5,673

Total gross derivatives, before netting
 
 
 

$6,125

 
 
 

$5,673

Less: Legally enforceable master netting agreements
 
 
 
(4,284
)
 
 
 
(4,284
)
Less: Cash collateral received/paid
 
 
 
(457
)
 
 
 
(864
)
Total derivatives, after netting
 
 
 

$1,384

 
 
 

$525

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 $885 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 $15.2 billion and $0.2 billion of notional related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative assets/liabilities associated with the one day lag are included in the fair value column of this table.
6 Asset and liability amounts include $4 million and $5 million, respectively, of notional 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 a 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 as discussed in Note 17, “Guarantees.” The fair value of the derivative liability, which relates to a notional amount of $55 million, is immaterial and is recognized in other liabilities in the Consolidated Balance Sheets.


 
December 31, 2012
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
 
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivatives designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans
 

$17,350

  

$771

 

$—

 

$—

Derivatives designated in fair value hedging relationships 2
Interest rate contracts covering fixed rate debt
 
1,000

 
61

 
—

 
—

Derivatives not designated as hedging instruments 3
Interest rate contracts covering:
 
 
 
 
 
 
 
 
Fixed rate debt
 
—

  
—

 
60

  
10

MSRs
 
6,185

  
150

 
12,643

  
33

LHFS, IRLCs, LHFI-FV 4
 
2,333

 
6

 
7,076

 
15

Trading activity 5
 
81,930

 
6,044

 
86,037

  
5,777

Foreign exchange rate contracts covering:
 
 
 
 
 
 
 
 
Foreign-denominated debt and commercial loans
 
—

   
—

 
34

  
—

Trading activity
 
2,451

   
66

 
2,326

  
63

Credit contracts covering:
 
 
 
 
 
 
 
 
Loans
 
—

   
—

 
445

  
8

Trading activity 6
 
1,958

 
55

 
2,081

 
49

Equity contracts - Trading activity 5
 
15,748

 
1,342

 
22,184

   
1,529

Other contracts:
 
 
 
 
 
 
 
 
IRLCs and other 7
 
6,783

  
132

 
142

 
1

Commodities
 
255

  
29

 
255

   
29

Total
 
117,643

 
7,824

 
133,283

 
7,514

Total derivatives
 

$135,993

 

$8,656

 

$133,283

 

$7,514

Total gross derivatives, before netting
 
 
 

$8,656

 
 
 

$7,514

Less: Legally enforceable master netting agreements
 
 
 
(5,843
)
 
 
 
(5,843
)
Less: Cash collateral received/paid
 
 
 
(730
)
 
 
 
(1,259
)
Total derivatives, after netting
 
 
 

$2,083

 
 
 

$412

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 $1.7 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative liability associated with the one day lag is included in the fair value column of this table.
5 Amounts include $16.2 billion and $0.8 billion of notional related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative asset associated with the one day lag is included in the fair value column of this table.
6 Asset and liability amounts each include $3 million of notional 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 a 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 as discussed in Note 17, “Guarantees.” The fair value of the derivative liability, which relates to a notional amount of $134 million, is immaterial and is recognized in other liabilities in the Consolidated Balance Sheets.


Impact of Derivatives on the Consolidated Statements of Income and Shareholders’ Equity
The impacts of derivatives on the Consolidated Statements of Income and the Consolidated Statements of Shareholders’ Equity for the years ended December 31, 2013, 2012, and 2011, are presented below. The impacts are segregated between those derivatives that are designated in hedging 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.  
 
 
 
 
 
 
 
Year Ended December 31, 2013
(Dollars in millions)
Amount of pre-tax gain/(loss)
recognized in
OCI on Derivatives
(Effective  Portion)
 
Classification of gain/(loss)
reclassified from    
AOCI into Income
(Effective Portion)
 
Amount of pre-tax gain
reclassified from
AOCI into Income
(Effective Portion)
Derivatives in cash flow hedging relationships:
 
 
 
 
 
Interest rate contracts hedging forecasted debt

($2
)
 
Interest on long-term debt
 

$—

Interest rate contracts hedging floating rate loans1
18

 
Interest and fees on loans
 
327

Total

$16

 
 
 

$327

1 During the year ended December 31, 2013, the Company also reclassified $90 million pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been previously terminated or de-designated and are reclassified into earnings in the same period in which the forecasted transaction occurs.

 
Year Ended December 31, 2013
(Dollars in millions)
Amount of loss on Derivatives
recognized in Income
 
Amount of gain on related Hedged Items
recognized in Income
 
Amount of loss recognized in
Income on Hedges
(Ineffective Portion)
Derivatives in fair value hedging relationships:
 
 
 
 
 
Interest rate contracts hedging fixed rate debt1

($36
)
 

$33

 

($3
)
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
Year Ended December 31, 2013
Derivatives not designated as hedging instruments:
 
 
 
Interest rate contracts covering:
 
 
 
Fixed rate debt
Trading income
 

$2

MSRs
Mortgage servicing related income
 
(284
)
LHFS, IRLCs
Mortgage production related income/(loss)
 
289

Trading activity
Trading income
 
59

Foreign exchange rate contracts covering:
 
 
 
Commercial loans
Trading income
 
1

Trading activity
Trading income
 
23

Credit contracts covering:
 
 
 
Loans
Other noninterest income
 
(4
)
Trading activity
Trading income
 
21

Equity contracts - trading activity
Trading income
 
(15
)
Other contracts - IRLCs
Mortgage production related income/(loss)
 
98

Total
 
 

$190




The impacts of derivatives on the Consolidated Statements of Income and the Consolidated Statements of Shareholders' Equity for the year ended December 31, 2012, are presented below:

 
Year Ended December 31, 2012
(Dollars in millions)
Amount of pre-tax gain/(loss)
recognized in
OCI on Derivatives
(Effective Portion)
 
Classification of gain/(loss)reclassified from
AOCI into Income
(Effective Portion)
 
Amount of pre-tax gain/(loss)
reclassified from
AOCI into Income
(Effective Portion)
Derivatives in cash flow hedging relationships:
 
 
 

 
Equity contracts hedging Securities AFS 1

($171
)
 
Net securities gains
 

($365
)
Interest rate contracts hedging Floating rate loans 2
252

 
Interest and fees on loans
 
337

Total

$81

 
 
 

($28
)
1 During the year ended December 31, 2012, the Company also recognized $60 million of pre-tax gains directly into net securities gains related to mark-to-market changes of the Coke hedging contracts when the cash flow hedging relationship failed to qualify for hedge accounting.
2 During the year ended December 31, 2012, the Company also reclassified $171 million pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been previously terminated or de-designated and are reclassified into earnings in the same period in which the forecasted transaction occurs.

 
Year Ended December 31, 2012
(Dollars in millions)
Amount of gain on Derivatives recognized in Income
 
Amount of loss on related Hedged Items
recognized in Income
 
Amount of gain/(loss) recognized in Income on Hedges (Ineffective Portion)
Derivatives in fair value hedging relationships1:
 
 
 
 
 
   Interest rate contracts hedging Fixed rate debt

$5

 

($5
)
 

$—

Interest rate contracts hedging Securities AFS
1

 
(1
)
 
—

Total

$6

 

($6
)
 

$—

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
Year Ended December 31, 2012
Derivatives not designated as hedging instruments:
 
Interest rate contracts covering:
 
 
 
Fixed rate debt
Trading income
 

($2
)
MSRs
Mortgage servicing related income
 
284

LHFS, IRLCs, LHFI-FV
Mortgage production related income/(loss)
 
(331
)
Trading activity
Trading income
 
86

Foreign exchange rate contracts covering:
 
 

Commercial loans and foreign-denominated debt
Trading income
 
129

Trading activity
Trading income
 
14

Credit contracts covering:
 
 

Loans 1
Other noninterest income
 
(8
)
Trading activity
Trading income
 
24

Equity contracts - trading activity
Trading income
 
8

Other contracts - IRLCs
Mortgage production related income/(loss)
 
930

Total
 
 

$1,134

1 For the six months ended June 30, 2012, losses of $3 million were recorded in trading income.


The impacts of derivatives on the Consolidated Statements of Income and the Consolidated Statements of Shareholders' Equity for the year ended December 31, 2011, are presented below:

 
Year Ended December 31, 2011
(Dollars in millions)
Amount of pre-tax gain/(loss)
recognized in
OCI on Derivatives
(Effective Portion)
 
Classification of gain
reclassified from
AOCI into Income
(Effective Portion)
 
Amount of pre-tax gain
reclassified from
AOCI into Income
(Effective Portion)
Derivatives in cash flow hedging relationships:
 
 
 
 
 
Equity contracts hedging Securities AFS

($46
)
 
Net securities gains
 

$—

Interest rate contracts hedging Floating rate loans 1
730

 
Interest and fees on loans
 
423

Total

$684

 
 
 

$423

1 During the year ended December 31, 2011, the Company also reclassified $202 million pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been previously terminated or de-designated and are reclassified into earnings in the same period in which the forecasted transaction occurs.

 
Year Ended December 31, 2011
(Dollars in millions)
Amount of loss on Derivatives
recognized in Income
 
Amount of gain on related Hedged Items
recognized in Income
 
Amount of loss recognized in
Income on Hedges
(Ineffective Portion)
Derivatives in fair value hedging relationships:
 
 
 
 
 
Interest rate contracts hedging fixed rate debt1

$51

 

($52
)
 

($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
Year Ended December 31, 2011
Derivatives not designated as hedging instruments:
 
 
Interest rate contracts covering:
 
 
 
Fixed rate debt
Trading income
 

($5
)
MSRs
Mortgage servicing related income
 
572

LHFS, IRLCs, LHFI-FV
Mortgage production related income/(loss)
 
(281
)
Trading activity
Trading income
 
113

Foreign exchange rate contracts covering:
 
 
 
Commercial loans and foreign-denominated debt
Trading income
 
(4
)
Trading activity
Trading income
 
18

Credit contracts covering:
 
 
 
Loans
Trading income
 
(1
)
Trading activity
Trading income
 
15

Equity contracts - trading activity
Trading income
 
(3
)
Other contracts - IRLCs
Mortgage production related income/(loss)
 
355

Total
 
 

$779




Netting of Derivatives
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 3, "Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell." The Company enters into ISDA or other legally enforceable industry standard master netting arrangements with derivative counterparties. Under the terms of the master netting arrangements, 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 table below shows total gross derivative assets and liabilities which 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, for the net reported amount in the Consolidated Balance Sheets. Also included in the table is 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 assets and liabilities in the table 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.
The following tables present the Company's gross derivative financial assets and liabilities at December 31, 2013 and December 31, 2012, and the related impact of enforceable master netting arrangements, where applicable:
(Dollars in millions)
Gross
Amount
 
Amount
Offset
 
Net Amount
Presented in
Consolidated
Balance Sheets
 
Held/Pledged
Financial
Instruments
 
Net
Amount
December 31, 2013
 
 
 
 
 
 
 
 
 
Derivative financial assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$5,285

 

$4,239

 

$1,046

 

$51

 

$995

Derivatives not subject to master netting arrangement or similar arrangement
12

 
—

 
12

 
—

 
12

Exchange traded derivatives
828

 
502

 
326

 
—

 
326

Total derivative financial assets

$6,125

 

$4,741

 

$1,384

1 

$51

 

$1,333

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

$4,982

 

$4,646

 

$336

 

$13

 

$323

Derivatives not subject to master netting arrangement or similar arrangement
189

 
—

 
189

 
—

 
189

Exchange traded derivatives
502

 
502

 
—

 
—

 
—

Total derivative financial liabilities

$5,673

 

$5,148

 

$525

2 

$13

 

$512

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Derivative financial assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$8,041

 

$6,273

 

$1,768

 

$94

 

$1,674

Derivatives not subject to master netting arrangement or similar arrangement
132

 
—

 
132

 
—

 
132

Exchange traded derivatives
483

 
300

 
183

 
—

 
183

Total derivative financial assets

$8,656

 

$6,573

 

$2,083

1 

$94

 

$1,989

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

$7,051

 

$6,802

 

$249

 

$37

 

$212

Derivatives not subject to master netting arrangement or similar arrangement
163

 
—

 
163

 
—

 
163

Exchange traded derivatives
300

 
300

 
—

 
—

 
—

Total derivative financial liabilities

$7,514

 

$7,102

 

$412

2 

$37

 

$375

1 At December 31, 2013, $1.4 billion, net of $457 million offsetting cash collateral, is recognized in trading assets and derivatives within the Company's Consolidated Balance Sheets. At December 31, 2012, $2.1 billion, net of $730 million offsetting cash collateral, is recognized in trading assets and derivatives within the Company's Consolidated Balance Sheets.
2 At December 31, 2013, $525 million, net of $864 million offsetting cash collateral, is recognized in trading liabilities and derivatives within the Company's Consolidated Balance Sheets. At December 31, 2012, $412 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivatives within the Company's Consolidated Balance Sheets.

Credit Derivatives
As part of its trading businesses, the Company enters into contracts that are, in form or substance, written guarantees: specifically, CDS, swap participations, and TRS. The Company accounts for these contracts as derivatives and, accordingly, recognizes 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 net cash settle 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. At December 31, 2013 and 2012, all written CDS contracts reference single name corporate credits or corporate credit indices. When the Company has written CDS, it has generally entered into offsetting CDS for the underlying reference asset, under which the Company paid 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 December 31, 2013 the Company did not have any material risk of making a non-recoverable payment on any written CDS. During 2013 and 2012, 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 December 31, 2013 and 2012, the written CDS had remaining terms of four years and ranging from less than one year to three years, respectively. The maximum guarantees outstanding at December 31, 2013 and 2012, as measured by the gross notional amounts of written CDS, were $60 million and $52 million, respectively. At December 31, 2013 and 2012, the gross notional amounts of purchased CDS contracts, which represent benefits to, rather than obligations of, the Company, were $70 million and $175 million, respectively. The fair values of written CDS were $3 million and $1 million at December 31, 2013 and 2012, respectively, and the fair values of purchased CDS were $3 million and less than $1 million at December 31, 2013 and 2012, 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. At December 31, 2013 and 2012, there were $1.5 billion and $1.9 billion of outstanding and offsetting TRS notional balances, respectively. The fair values of the TRS derivative assets and liabilities at December 31, 2013, were $35 million and $31 million, respectively, and related collateral held at December 31, 2013, was $228 million. The fair values of the TRS derivative assets and liabilities at December 31, 2012, were $51 million and $46 million, respectively, and related collateral held at December 31, 2012, was $282 million.
The Company writes risk participations, which are credit derivatives, whereby the Company has guaranteed payment to a dealer counterparty in the event that 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 the derivatives directly with the obligors. The obligors are all corporations or partnerships. However, the Company continues to monitor the creditworthiness of its 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 December 31, 2013 and 2012, the remaining terms on these risk participations generally ranged from less than one year to twelve years and ten years, respectively, with a weighted average on the maximum estimated exposure of 6.9 years and 4.4 years, respectively. 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 $33 million and $20 million at December 31, 2013 and 2012, respectively. The fair values of the written risk participations were less than $1 million at December 31, 2013 and 2012. As part of its trading activities, the Company may enter into purchased risk participations to mitigate credit exposure to a derivative counterparty.

Cash Flow Hedges
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 December 31, 2013 and 2012, the range of hedge maturities for hedges of floating rate loans was between less than one year and five years, with the weighted average being 2.0 years and 2.4 years, respectively. Ineffectiveness on these hedges was less than $1 million during the years ended December 31, 2013, 2012, and 2011. At December 31, 2013, $371 million of the deferred net gains on derivatives 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.
The Company also designated interest rate swaps to hedge exposure to changes in probable interest payments attributable to changes in the benchmark interest rate associated with a forecasted issuance of fixed rate debt.
During 2008, the Company executed the Agreements on 60 million common shares of Coke. The Agreements were zero-cost equity collars at inception, which caused the Agreements to be derivatives in their entirety. The Company designated the Agreements as cash flow hedges of the Company's probable forecasted sales of its Coke common shares, and the risk management objective was to hedge the cash flows on the forecasted sales of the Coke common shares at market values equal to or above the call strike price and equal to or below the put strike price. The Company assessed hedge effectiveness on a quarterly basis and measured hedge ineffectiveness with the effective portion of the changes in fair value of the Agreements recognized in AOCI and any ineffective portions recognized in trading income. None of the components of the Agreements' fair values were excluded from the Company's assessments of hedge effectiveness. Ineffectiveness gains on the Agreements of $1 million and $2 million were recognized in trading income during the years ended December 31, 2012 and 2011, respectively, and related to changes in market dividends.
During 2012, the Company and the Coke Counterparty accelerated the termination of the Agreements, and the Company sold in the market or to the Coke Counterparty 59 million of its 60 million shares of Coke and contributed the remaining 1 million shares to the SunTrust Foundation for a net gain of $1.9 billion, which is net of a $305 million loss related to the derivative contract termination of the Agreements. Upon approval by the Board to terminate the Agreements and sell and donate the Coke shares, the Agreements no longer qualified as cash flow hedges. Thus, subsequent changes in value of the Agreements until termination totaled $60 million and were recognized in net securities gains in the Consolidated Statements of Income. Amounts recognized in AOCI in the Consolidated Statements of Shareholders' Equity during the period the Agreements qualified as cash flow hedges totaled $365 million in losses. These amounts remained in AOCI until the sale of the Coke shares, at which time the amounts were reclassified to net securities gains in the Consolidated Statements of Income.

Fair Value Hedges
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. 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 and Trading Activities
In addition to designated hedging relationships, the Company also enters into derivatives as an end user as a risk management tool 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. To the extent that specific derivatives are associated with specific hedged items, the notional amounts, fair values, and gains/(losses) on the derivatives are illustrated in the tables in this footnote.
•
The Company utilizes interest rate derivatives to mitigate exposures from various instruments.
◦
The Company is subject to interest rate risk on its fixed rate debt. As market interest rates move, the fair value of the Company’s debt is affected. To protect against this risk on certain debt issuances that the Company has elected to carry at fair value, the Company has entered into pay variable-receive fixed interest rate swaps that decrease in value in a rising rate environment and increase in value in a declining rate environment.
◦
The Company is exposed to risk on the returns of certain of its brokered deposits that are carried at fair value. To hedge against this risk, the Company has entered into interest rate derivatives that mirror the risk profile of the returns on these instruments.
◦
The Company is exposed to interest rate risk associated with MSRs, which the Company hedges with a combination of mortgage and interest rate derivatives, including forward and option contracts, futures, and forward rate agreements.
◦
The Company enters into mortgage and interest rate derivatives, including forward contracts, futures, and option contracts to mitigate interest rate risk associated with IRLCs and mortgage LHFS.
•
The Company is exposed to foreign exchange rate risk associated with certain commercial loans.
•
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, as illustrated in the tables within this footnote, 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 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.
Reinsurance Arrangements and Guarantees
Reinsurance Arrangements and Guarantees
NOTE 17 – 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 provisions of the Company’s services. The following is a discussion of the guarantees that the Company had issued at December 31, 2013. The Company has also entered into certain contracts that are similar to guarantees, but that are accounted for as derivatives as discussed in Note 16, “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 December 31, 2013 and 2012, the maximum potential amount of the Company’s obligation was $3.3 billion and $4.0 billion, respectively, for issued financial and performance standby letters of credit. The Company’s outstanding letters of credit generally have a term of less than one year but may extend longer. If a letter of credit is drawn upon, the Company may seek recourse through the client’s underlying obligation. If the client’s line of credit is also in default, 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. Some standby letters of credit are designed to be drawn upon and others are drawn upon only under circumstances of dispute or default in the underlying transaction to which the Company is not a party. In all cases, the Company holds the right to reimbursement from the applicant and may or may not also hold collateral to secure that right. 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 regarding letters of credit leverages the risk rating process to focus higher visibility on the higher risk and/or higher dollar letters of credit. The associated reserve is a component of the unfunded commitments reserve recorded in other liabilities in the Consolidated Balance Sheets and included in the allowance for credit losses as disclosed in Note 7, “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 December 31, 2013 and 2012.

Loan Sales
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 loans through a limited number of Company sponsored securitizations. When mortgage loans are sold, representations and warranties regarding certain attributes of the loans sold are made to these 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 the 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 largely driven by borrower payment performance since investors will perform extensive reviews of delinquent loans as a means of mitigating losses.
Loan repurchase requests generally arise from loans sold during the period from January 1, 2005 to December 31, 2013, which totaled $295.6 billion at the time of sale, consisting of $230.9 billion and $30.3 billion of agency and non-agency loans, respectively, as well as $34.4 billion of loans sold to Ginnie Mae. The composition of the remaining outstanding balance by vintage and type of buyer at December 31, 2013, is shown in the following table:
 
 
Remaining Outstanding Balance by Year of Sale
(Dollars in billions)
2005
 
2006
 
2007
 
2008
 
2009
 
2010
 
2011
 
2012
 
2013

 
Total    
GSE1

$1.9

 

$2.0

 

$3.9

 

$3.7

 

$11.0

 

$7.3

 

$8.2

 

$17.7

 

$21.3

 

$77.0

Ginnie Mae1
0.4

 
0.3

 
0.3

 
1.2

 
3.1

 
2.5

 
2.1

 
3.9

 
3.5

 
17.3

Non-agency
3.2

 
4.7

 
3.1

 
—

 
—

 
—

 
—

 
—

 
—

 
11.0

Total

$5.5

 

$7.0

 

$7.3

 

$4.9

 

$14.1

 

$9.8

 

$10.3

 

$21.6

 

$24.8

 

$105.3

1 Balances based on loans currently serviced by the Company and excludes loans serviced by others and certain loans in foreclosure.

Non-agency loan sales include whole loans and loans sold in private securitization transactions. While representations and warranties have been made related to these sales, they can differ in many cases 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 the alleged breach was material and caused the investors' loss. Loans sold to Ginnie Mae are insured by either the FHA or VA. As servicer, we may elect to repurchase delinquent loans in accordance with Ginnie Mae guidelines; however, the loans continue to be insured. We indemnify the FHA and VA for losses related to loans not originated in accordance with their guidelines. See Note 19, "Contingencies," for additional information on current legal matters related to representations and warranties made in connection with loan sales (Residential Funding Company, LLC matter) and the HUD Investigation regarding origination practices for FHA loans.
Although the timing and volume has varied, repurchase and make whole requests have increased over the past several years. Repurchase requests from GSEs, Ginnie Mae, and non-agency investors, for all vintages, were $1.5 billion during the year ended December 31, 2013, and $1.7 billion during the years ended December 31, 2012 and 2011, respectively, and requests received since 2005 on a cumulative basis for all vintages totaled $8.5 billion. The majority of these requests were from GSEs, with a limited number of requests from non-agency investors. Repurchase requests from non-agency investors were $18 million, $22 million, and $50 million during the years ended December 31, 2013, 2012, and 2011, respectively. Additionally, loans originated during 2006 - 2008 have consistently comprised the vast majority of total repurchase requests during the past three years.
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.
At December 31, 2013, the original UPB of loans related to unresolved requests previously received from investors was $126 million, comprised of $122 million from the GSEs and $4 million from non-agency investors. Comparable amounts at December 31, 2012, were $655 million, comprised of $639 million from the GSEs and $16 million from non-agency investors.
During the third quarter of 2013, the Company reached agreements with Freddie Mac and Fannie Mae under which they released the Company from certain existing and future repurchase obligations for loans funded by Freddie Mac between 2000 and 2008 and Fannie Mae between 2000 and 2012. While the majority of both repurchase settlements was covered by the Company's existing mortgage repurchase liability, the Company increased the reserve during 2013 by $63 million related to the settlement agreements with the GSEs. Also during 2013, the Company made payments to the GSEs in accordance with the terms of the agreements, resulting in a reserve balance of $78 million at December 31, 2013.

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. At December 31, 2013 and 2012, the Company's estimate of the liability for incurred losses related to all vintages of mortgage loans sold totaled $78 million and $632 million, respectively. However, the 2013 agreements with Fannie Mae and Freddie Mac settling certain aspects of the Company's repurchase obligations 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 liability is recorded in other liabilities in the Consolidated Balance Sheets, and the related repurchase provision is recognized in mortgage production related income/(loss) in the Consolidated Statements of Income. See Part I., "Item 1A. Risk Factors," in this Form 10-K for further information regarding potential additional liability.
 

The following table summarizes the changes in the Company’s reserve for mortgage loan repurchases:
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Balance at beginning of period

$632

 

$320

 

$265

Repurchase provision
114

 
713

 
502

Charge-offs
(668
)
 
(401
)
 
(447
)
Balance at end of period

$78

 

$632

 

$320



During the years ended December 31, 2013 and 2012, the Company repurchased or otherwise settled mortgages with original loan balances of $1.1 billion and $769 million, respectively, related to investor demands. At December 31, 2013, the carrying value of outstanding repurchased mortgage loans, net of any allowance for loan losses, was $339 million, comprised of $325 million LHFI and $14 million LHFS, respectively, of which $54 million LHFI and $14 million LHFS, were nonperforming. At December 31, 2012, the carrying value of outstanding repurchased mortgage loans, net of any allowance for loan losses, was $240 million, comprised of $209 million LHFI and $31 million LHFS, respectively, of which $70 million LHFI and $31 million LHFS, were nonperforming.
The Company normally retains servicing rights when loans are transferred. As servicer, 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 recognizes a liability for contingent losses when MSRs are sold, which totaled $21 million and $12 million at December 31, 2013 and 2012.
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 and amount recorded as a liability representing the fair value of the contingent payments was $26 million and $30 million at December 31, 2013 and 2012, respectively. If required, these contingent payments will be payable within the next three years.
Visa
The Company issues credit and debit transactions through Visa and MasterCard International. The Company is a defendant, along with Visa and MasterCard International (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, a provision of the original Visa By-Laws, Section 2.05j, was restated in Visa's certificate of incorporation. Section 2.05j contains a general indemnification provision between a Visa member and Visa, and explicitly provides that after the closing of the restructuring, 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. Since inception of the escrow account, Visa has funded over $8.5 billion into the escrow account, approximately $4.1 billion of which has been paid out in Litigation settlements and another $4.4 billion which was paid into a settlement fund during 2012. 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. The Company received $112 million and recognized a gain of $112 million in connection with these transactions. 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 conversion factor at the inception of the derivative in May 2009 was 0.6296 and at December 31, 2013 the conversion factor was 0.4206 due to Visa’s funding of the litigation escrow account since 2009. Decreases in the conversion factor triggered payments by the Company to the Visa Counterparty of $0, $26 million and $8 million for the years ended December 31, 2013, 2012, and 2011, respectively.
During 2012, the Card Associations and defendants signed a memorandum of understanding to enter into a settlement agreement to resolve the plaintiffs' claims in the Litigation. Visa's share of the claims represents approximately $4.4 billion, which was paid from the escrow account into a settlement fund during 2012. During 2013, various members of the putative class elected to opt out of the settlement. This will result in a proportional decrease in the amount of the settlement. While the estimated fair value of the derivative liability was immaterial at December 31, 2013 and 2012, the ultimate impact to the Company could be significantly different if the settlement is not approved and/or based on the ultimate resolution with the plaintiffs that opted out of the settlement. 

Tax Credit Investments Sold
SunTrust Community Capital, 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. SunTrust Community Capital 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 December 31, 2013, SunTrust Community Capital has completed six sales containing guarantee provisions stating that SunTrust Community Capital will make payment to the outside investors if the tax credits become ineligible. SunTrust Community Capital 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 fifteen year period from inception. At December 31, 2013, the maximum potential amount that SunTrust Community Capital could be obligated to pay under these guarantees is $37 million; however, SunTrust Community Capital can seek recourse against the general partner. Additionally, SunTrust Community Capital can seek reimbursement from cash flow and residual values of the underlying affordable housing properties provided that the properties retain value. At December 31, 2013 and 2012, $1 million and $3 million, respectively, was accrued, representing the remainder of tax credits to be delivered, and were recorded in other liabilities in the Consolidated Balance Sheets.

Public Deposits
The Company holds public deposits from various states in which it does business. Individual state laws require banks to collateralize public deposits, typically as a percentage of their public deposit balance in excess of FDIC insurance and may also require a cross-guarantee among all banks holding public deposits of the individual state. The amount of collateral required varies by state and may also vary by institution within each state, depending on the individual state's risk assessment of depository institutions. Certain of the states in which the Company holds public deposits use a pooled collateral method, whereby in the event of default of a bank holding public deposits, the collateral of the defaulting bank is liquidated to the extent necessary to recover the loss of public deposits of the defaulting bank. To the extent the collateral is insufficient, the remaining public deposit balances of the defaulting bank are recovered through an assessment of the other banks holding public deposits in that state. The maximum potential amount of future payments the Company could be required to make is dependent on a variety of factors, including the amount of public funds held by banks in the states in which the Company also holds public deposits and the amount of collateral coverage associated with any defaulting bank. Individual states appear to be monitoring this risk relative to the current economic environment and evaluating collateral requirements; therefore, the likelihood that the Company would have to perform under this guarantee is dependent on whether any banks holding public funds default as well as the adequacy of collateral coverage.

Other
In the normal course of business, the Company enters into indemnification agreements and provides standard representations and warranties in connection with numerous transactions. These transactions include those arising from securitization activities, underwriting agreements, merger and acquisition agreements, swap clearing agreements, loan sales, contractual commitments, payment processing, sponsorship agreements, and various other business transactions or arrangements. The extent of the Company's obligations under these indemnification agreements depends upon the occurrence of future events; therefore, the Company's potential future liability under these arrangements is not determinable.

STIS and STRH, broker-dealer affiliates of the Company, use a common third-party clearing broker to clear and execute their customers' securities transactions and to hold customer accounts. Under their respective agreements, STIS and STRH agree to indemnify the clearing broker for losses that result from a customer's failure to fulfill its contractual obligations. As the clearing broker's rights to charge STIS and STRH have no maximum amount, the Company believes that the maximum potential obligation cannot be estimated. However, to mitigate exposure, the affiliate may seek recourse from the customer through cash or securities held in the defaulting customers' account. For the years ended December 31, 2013, 2012, and 2011, STIS and STRH experienced minimal net losses as a result of the indemnity. The clearing agreements expire in May 2015 for both STIS and STRH.
Fair Value Election and Measurement
Fair Value Election and Measurement
NOTE 18 - FAIR VALUE ELECTION AND MEASUREMENT
The Company carries certain assets and liabilities at fair value on a recurring basis and appropriately classifies them as level 1, 2, or 3 within the fair value hierarchy. The Company’s recurring fair value measurements are based on a requirement to carry such assets and liabilities at fair value or the Company’s election to carry certain financial assets and liabilities at fair value. Assets and liabilities that are required to be carried 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 carry at fair value on a recurring basis include certain LHFS and LHFI, MSRs, certain brokered time deposits, and certain issuances of fixed rate debt.
In certain circumstances, fair value enables a company to more accurately align its financial performance with the economic value of actively traded or hedged assets or liabilities. Fair value also enables a company to mitigate the 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 a company’s balance sheet.
Depending on the nature of the asset or liability, 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 the 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 similar securities, market indices, pricing matrices along with employing various modeling techniques, such as discounted cash flow analyses, in arriving at the best estimate of fair value. Any model used to produce material financial reporting information is required to have a satisfactory independent review performed on an annual basis, or more frequently, when significant modifications to the functionality of the model are made. This review is performed by an internal group that separately reports to the Corporate Risk Function.

The Company has formal processes and controls in place to ensure the appropriateness of all fair value estimates. For fair values obtained from a third party or those that include certain trader estimates of fair value, there is an internal independent price validation function within the Finance organization that provides oversight for fair value 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 reviews pricing validation information from both a qualitative and quantitative perspective and determines whether pricing differences exceed acceptable thresholds. If the pricing differences exceed acceptable thresholds, then the Company reviews differences in valuation approaches used, which may include contacting a pricing service to gain further information on the valuation of a particular security or class of securities to determine the ultimate resolution of the pricing variance, which could include an adjustment to the price used for financial reporting purposes.

The Company classifies instruments as level 2 in the fair value hierarchy if it is able to determine that external pricing sources are using similar instruments trading in the markets as the basis for estimating fair value. One way the Company determines this is by the number of pricing services that will provide a quote on the instrument along with the range of values provided by those pricing services. A wide range of quoted values may indicate that significant adjustments to the trades in the market are being made by the pricing services. The Company maintains a cross-functional approach if the fair value estimates for level 3 securities AFS and trading assets and liabilities are internally developed, since the selection of unobservable inputs is subjective. This cross-functional approach includes input on assumptions not only from the related business unit, but also from risk management and finance. A consensus of the estimate of the instrument's fair value is reached after evaluating all available information pertaining to fair value. Inputs, assumptions, and overall conclusions on internally priced level 3 valuations are formally documented on a quarterly basis. This cross-functional approach is limited primarily to the remaining ARS instruments that are valued internally.
The classification of an instrument as level 3 involves judgment and is based on a variety of subjective factors. These factors are used in the assessment of whether a market is inactive, resulting in the application of significant unobservable assumptions in the valuation of a financial instrument. A market is considered inactive if significant decreases in the volume and level of activity for the asset or liability have been observed. In determining whether a market is inactive, the Company evaluates such factors as the number of recent transactions in either the primary or secondary markets, whether price quotations are current, the nature of the market participants, the variability of price quotations, the significance of bid/ask spreads, declines in (or the absence of) new issuances, and the availability of public information. Inactive markets necessitate the use of additional judgment in valuing financial instruments, such as pricing matrices, cash flow modeling, and the selection of an appropriate discount rate. The assumptions used to estimate the value of an instrument where the market was inactive are based on the Company’s assessment of the assumptions a market participant would use to value the instrument in an orderly transaction and includes consideration of illiquidity in the current market environment.
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 in which fair value has been elected.
 
December 31, 2013
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$219

 

$—

 

$—

 

$—

 

$219

Federal agency securities
—

 
426

 
—

 
—

 
426

U.S. states and political subdivisions
—

 
65

 
—

 
—

 
65

MBS - agency
—

 
323

 
—

 
—

 
323

CDO/CLO securities
—

 
3

 
54

 
—

 
57

ABS
—

 
—

 
6

 
—

 
6

Corporate and other debt securities
—

 
534

 
—

 
—

 
534

CP
—

 
29

 
—

 
—

 
29

Equity securities
109

 
—

 
—

 
—

 
109

Derivative contracts 2
828

 
5,285

 
12

 
(4,741
)
 
1,384

Trading loans
—

 
1,888

 
—

 
—

 
1,888

Total trading assets and derivatives
1,156

 
8,553

 
72

 
(4,741
)
 
5,040

Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
1,293

 
—

 
—

 
—

 
1,293

Federal agency securities
—

 
984

 
—

 
—

 
984

U.S. states and political subdivisions
—

 
203

 
34

 
—

 
237

MBS - agency
—

 
18,911

 
—

 
—

 
18,911

MBS - private
—

 
—

 
154

 
—

 
154

ABS
—

 
58

 
21

 
—

 
79

Corporate and other debt securities
—

 
37

 
5

 
—

 
42

Other equity securities 3
103

 
—

 
739

 
—

 
842

Total securities AFS
1,396

 
20,193

 
953

 
—

 
22,542

LHFS:
 
 
 
 
 
 
 
 
 
Residential loans
—

 
1,114

 
3

 
—

 
1,117

Corporate and other loans
—

 
261

 
—

 
—

 
261

Total LHFS
—

 
1,375

 
3

 
—

 
1,378

LHFI
—

 
—

 
302

 
—

 
302

MSRs
—

 
—

 
1,300

 
—

 
1,300

Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
472

 
—

 
—

 
—

 
472

Corporate and other debt securities
—

 
179

 
—

 
—

 
179

Equity securities
5

 
—

 
—

 
—

 
5

Derivative contracts 2
502

 
5,167

 
4

 
(5,148
)
 
525

Total trading liabilities and derivatives
979

 
5,346

 
4

 
(5,148
)
 
1,181

Brokered time deposits
—

 
764

 
—

 
—

 
764

Long-term debt
—

 
1,556

 
—

 
—

 
1,556

Other liabilities 4
—

 
—

 
29

 
—

 
29


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 These amounts include IRLCs and derivative financial instruments entered into by the Mortgage Banking segment to hedge its interest rate risk. See Note 16, "Derivative Financial Instruments," for further disaggregation of derivative assets and liabilities.
3 Includes $336 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank stock, $103 million in mutual fund investments, and $1 million of other.
4 Includes contingent consideration obligations related to acquisitions, as well as the derivative associated with the Company's sale of Visa shares during the year ended December 31, 2009.










 
December 31, 2012
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$111

 

$—

 

$—

 

$—

 

$111

Federal agency securities
—

 
462

 
—

 
—

 
462

U.S. states and political subdivisions
—

 
34

 
—

 
—

 
34

MBS - agency
—

 
432

 
—

 
—

 
432

CDO/CLO securities
—

 
3

 
52

 
—

 
55

ABS
—

 
31

 
5

 
—

 
36

Corporate and other debt securities
—

 
566

 
1

 
—

 
567

CP
—

 
28

 
—

 
—

 
28

Equity securities
100

 
—

 
—

 
—

 
100

Derivative contracts 2, 3
485

 
8,039

 
132

 
(6,573
)
 
2,083

Trading loans
—

 
2,319

 
—

 
—

 
2,319

Total trading assets and derivatives
696

 
11,914

 
190

 
(6,573
)
 
6,227

Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
222

 
—

 
—

 
—

 
222

Federal agency securities
—

 
2,069

 
—

 
—

 
2,069

U.S. states and political subdivisions
—

 
274

 
46

 
—

 
320

MBS - agency
—

 
18,169

 
—

 
—

 
18,169

MBS - private
—

 
—

 
209

 
—

 
209

ABS
—

 
195

 
21

 
—

 
216

Corporate and other debt securities
—

 
41

 
5

 
—

 
46

Other equity securities 4
69

 
—

 
633

 
—

 
702

Total securities AFS
291

 
20,748

 
914

 
—

 
21,953

LHFS:
 
 
 
 
 
 
 
 
 
Residential loans
—

 
2,916

 
8

 
—

 
2,924

Corporate and other loans
—

 
319

 
—

 
—

 
319

Total LHFS
—

 
3,235

 
8

 
—

 
3,243

LHFI
—

 
—

 
379

 
—

 
379

MSRs
—

 
—

 
899

 
—

 
899

Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
582

 
—

 
—

 
—

 
582

Corporate and other debt securities
—

 
173

 
—

 
—

 
173

Equity securities
9

 
—

 
—

 
—

 
9

Derivative contracts 2, 3
300

 
7,214

 
—

 
(7,102
)
 
412

Total trading liabilities and derivatives
891

 
7,387

 
—

 
(7,102
)
 
1,176

Brokered time deposits
—

 
832

 
—

 
—

 
832

Long-term debt
—

 
1,622

 
—

 
—

 
1,622

Other liabilities 5
—

 
—

 
31

 
—

 
31


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 These amounts include IRLCs and derivative financial instruments entered into by the Mortgage Banking segment to hedge its interest rate risk. See Note 16, "Derivative Financial Instruments," for further disaggregation of derivative assets and liabilities.
3 Certain derivative assets of $178 million and derivative liabilities of $15 million have been reclassified to trading assets and derivatives and trading liabilities and derivatives, respectively, at December 31, 2012, for comparability to the same classification of these assets and liabilities at December 31, 2013. Previously, these derivative assets and liabilities were recorded in other assets and other liabilities, respectively.
4 Includes $229 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank stock, $69 million in mutual fund investments, and $2 million of other.
5 Includes contingent consideration obligations related to acquisitions, as well as the derivative associated with the Company's sale of Visa shares during the year ended December 31, 2009.





The following tables present the difference between the aggregate fair value and the UPB of trading loans, LHFS, LHFI, brokered time deposits, 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 aggregate fair value and the UPB of loans that are 90 days or more past due, as well as loans in nonaccrual status.

(Dollars in millions)
Aggregate Fair Value at
December 31, 2013
 
Aggregate Unpaid Principal
Balance under FVO at
December 31, 2013
 
Fair Value
Over/(Under)
Unpaid Principal
Assets:
 
 
 
 
 
Trading loans

$1,888

 

$1,858

 

$30

LHFS
1,375

 
1,359

 
16

Past due loans of 90 days or more
1

 
2

 
(1
)
Nonaccrual loans
2

 
15

 
(13
)
LHFI
294

 
317

 
(23
)
Nonaccrual loans
8

 
12

 
(4
)

Liabilities:
 
 
 
 
 
Brokered time deposits
764

 
761

 
3

Long-term debt
1,556

 
1,432

 
124

(Dollars in millions)
Aggregate Fair Value at
December 31, 2012
 

Aggregate Unpaid Principal
Balance under FVO at
December 31, 2012
 

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

$2,319

 

$2,285

 

$34

LHFS
3,237

 
3,109

 
128

Past due loans of 90 days or more
3

 
5

 
(2
)
Nonaccrual loans
3

 
12

 
(9
)
LHFI
360

 
371

 
(11
)
Past due loans of 90 days or more
1

 
3

 
(2
)
Nonaccrual loans
18

 
28

 
(10
)

Liabilities:
 
 
 
 
 
Brokered time deposits
832

 
825

 
7

Long-term debt
1,622

 
1,462

 
160


The following tables present the change in fair value during the years ended December 31, 2013, 2012, and 2011, 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 used to mitigate the market-related risks associated with the financial instruments. Generally, the changes in the fair value of economic hedges are also recognized in trading income, mortgage production related income/(loss), 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 Year Ended
December 31, 2013, for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading
Income
 
Mortgage
Production
Related
Income/(Loss) 1
 
Mortgage
Servicing
Related
Income
 
Total Changes
in Fair Values  
Included in
Current Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
Trading loans

$13

 

$—

 

$—

 

$13

LHFS
1

 
(135
)
 
—

 
(134
)
LHFI
—

 
(10
)
 
—

 
(10
)
MSRs
—

 
4

 
50

 
54

 
Liabilities:
 
 
 
 
 
 
 
Brokered time deposits
8

 
—

 
—

 
8

Long-term debt
36

 
—

 
—

 
36

1 Income related to LHFS does not include income from IRLCs. For the year ended December 31, 2013, income related to MSRs includes MSRs recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the year ended December 31, 2013 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 carried at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.



 
Fair Value Gain/(Loss) for the Year Ended
December 31, 2012, for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading
Income
 
Mortgage
Production
Related
Income/(Loss) 1
 
Mortgage
Servicing
Related
Income
 
Total Changes
in Fair Values  
Included in
Current
Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
Trading loans

$8

 

$—

 

$—

 

$8

LHFS
10

 
161

 
—

 
171

LHFI
1

 
20

 
—

 
21

MSRs
—

 
31

 
(353
)
 
(322
)
 
Liabilities:
 
 
 
 
 
 
 
Brokered time deposits
5

 
—

 
—

 
5

Long-term debt
(65
)
 
—

 
—

 
(65
)
1 Income related to LHFS does not include income from IRLCs. For the year ended December 31, 2012, income related to MSRs includes MSRs recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the year ended December 31, 2012 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 carried at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.
 
Fair Value Gain/(Loss) for the Year Ended
December 31, 2011, for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading income
 
Mortgage
Production  
Related
  Income/(Loss) 1 
 
Mortgage
Servicing  
Related
Income
 
Total Changes
in Fair Values  
Included in
Current
Period
Earnings 2
Assets:
 
 
 
 
 
 
 
Trading loans

$21

 

$—

 

$—

 

$21

LHFS
(10
)
 
179

 
—

 
169

LHFI
3

 
11

 
—

 
14

MSRs
—

 
7

 
(733
)
 
(726
)
 
Liabilities:
 
 
 
 
 
 
 
Brokered time deposits
32

 
—

 
—

 
32

Long-term debt
(12
)
 
—

 
—

 
(12
)
1 Income related to LHFS does not include income from IRLCs. For the year ended December 31, 2011, income related to MSRs includes MSRs recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the year ended December 31, 2011 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 carried 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 developing fair value measurements for assets and liabilities classified as level 2 or 3 that are measured at fair value on a recurring basis, based on the class of asset or liability as determined by the nature and risks of the instrument.
Trading Assets and Derivatives 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 has 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 but an immaterial amount of 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 includes ARS purchased since the auction rate market began failing in February 2008 and have been considered level 3 securities due to the significant decrease in the volume and level of activity in these markets, which has necessitated the use of significant unobservable inputs into the Company’s valuations. These securities were valued based on comparisons to similar ARS for which auctions are currently successful and/or to longer term, non-ARS issued by similar municipalities. The Company also evaluated the relative strength of the municipality and made appropriate downward adjustments in price based on the credit rating of the municipality as well as the relative financial strength of the insurer on those bonds. Although auctions for several municipal ARS have been operating successfully, ARS owned by the Company at December 31, 2013, continued to be classified as level 3 as they are those ARS for which the auctions continued to fail; accordingly, due to the uncertainty around the success rates for auctions and the absence of any successful auctions for these identical securities, the Company continued to price the ARS below par. Subsequent to December 31, 2013, the Company sold these remaining ARS securities.
Level 3 AFS municipal securities also include 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. To estimate pricing on these securities, the Company utilized a third party municipal bond yield curve for the lowest investment grade bonds and priced each bond based on the yield associated with that maturity.
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 a 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, market information received from outside market participants and analysts, and/or changes in the underlying collateral performance. Even though third party pricing has been available, the Company continued to classify private MBS as level 3, as the Company believes that this 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.

Securities that are classified as AFS and are in an unrealized loss position are included as part of the Company's quarterly OTTI evaluation process. See Note 5, “Securities Available for Sale,” for details regarding assumptions used to assess impairment and impairment amounts recognized through earnings on private MBS.

CDO/CLO securities
The Company’s investments in level 3 trading CDOs consisted of senior ARS interests in Company-sponsored securitizations of trust preferred collateral. The auctions related to these securities continue to fail and the Company continues to make significant adjustments to valuation assumptions based on information available from observable secondary market trading of similar term securities; therefore, the Company continues to classify these as level 3 investments. The Company values these interests utilizing a pricing matrix based on a range of overcollateralization levels that is periodically updated based on discussions with the dealer community along with limited trade data. Under this modified approach, at December 31, 2013 all CDO ARS were valued using a simplified discounted cash flow approach that prices the securities to their expected maturity. The primary inputs and assumptions considered by the Company in valuing these retained interests were overcollateralization levels (impacted by credit losses) and the discount margin over LIBOR. See the level 3 assumptions table in this note, as well as Note 10, "Certain Transfers of Financial Assets and Variable Interest Entities," for discussion of the sensitivity of these interests to changes in the assumptions. Subsequent to December 31, 2013, the Company sold all of its level 3 investments in trading CDOs.
Asset-Backed Securities
Level 2 ABS classified as securities AFS are primarily interests collateralized by third party securitizations of 2009 through 2011 vintage auto loans. These ABS are either publicly traded or are 144A privately placed bonds. The Company utilizes an independent pricing service to obtain fair values for publicly traded securities and similar securities for estimating the fair value of the privately placed bonds. No significant unobservable assumptions were used in pricing the auto loan ABS; therefore, the Company classified these bonds as level 2. Level 3 ABS classified as securities AFS are valued based on third party pricing with significant unobservable assumptions. Additionally, any trading ARS are classified as level 2 due to observable market trades and bids for similar senior securities. These ARS consisted of student loan ABS that were generally collateralized by FFELP student loans, the majority of which benefited from a maximum guarantee amount of 97%. During 2013, the Company sold the remaining senior student loan ARS. For valuations of subordinate securities in the same structure, the Company adjusts valuations on the senior securities based on the likelihood that the issuer will refinance in the near term, a security’s level of subordination in the structure, and/or the perceived risk of the issuer as determined by credit ratings or total leverage of the trust. These adjustments may be significant; therefore, the subordinate student loan ARS held as trading assets continue to be 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, no significant observable market data for these instruments is available.
Commercial Paper
From time to time, the Company trades 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
Level 3 equity securities classified as securities AFS include FHLB stock and Federal Reserve Bank stock, which are redeemable with the issuer at cost and cannot be traded in the market. As such, no significant observable market data for these instruments is available. 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 contracts
The Company holds derivative instruments used for both trading purposes and risk management purposes.

Level 1 derivative contracts generally include exchange-traded futures or option contracts for which pricing is readily available. The Company’s level 2 instruments are predominantly standard OTC swaps, options, and forwards, with underlying market variables of 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 that incorporate market-observable inputs. The valuation model 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 primary drivers of the fair values of derivative instruments are the underlying variables, such as interest rates, exchange rates, equity, or credit. As such, the Company uses market-based assumptions for all of its significant inputs, such as interest rate yield curves, quoted exchange rates and spot prices, market implied volatilities, and credit curves.
Level 2 derivative instruments 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. For purposes of valuation adjustments to its derivative positions, the Company has evaluated liquidity premiums that may be demanded 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. Generally, the expected loss of each counterparty is estimated using the Company's proprietary internal risk rating system. The risk rating system utilizes counterparty-specific probabilities of default and LGD estimates to derive the expected loss. For counterparties that are rated by national rating agencies, those ratings are also considered in estimating the credit risk. In addition, counterparty exposure is evaluated by netting positions that are subject to master netting arrangements, as well as considering the amount of marketable collateral securing the position. Specifically approved counterparties and exposure limits are defined. Creditworthiness of the approved counterparties is regularly reviewed and appropriate business action is taken to adjust the exposure to certain counterparties, as necessary. This approach used to estimate exposures to counterparties is also used by the Company to estimate its own credit risk on derivative liability positions. See Note 16, “Derivative Financial Instruments,” for additional information on the Company's derivative contracts.
The Company's level 3 derivatives 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 years ended December 31, 2013 and 2012, the Company transferred $222 million and $882 million, respectively, of IRLCs out of level 3 as the associated loans were closed.

Trading loans
The Company engages in certain businesses whereby the election to carry 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 (see Note 10, "Certain Transfers of Financial Assets and Variable Interest Entities," and Note 16, “Derivative Financial Instruments,” for further discussion of this business), (ii) loans backed by the SBA, and (iii) the loan sales and trading business within the Company’s Wholesale Banking segment. 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, demand loans, whereby the repayment is senior in priority and whose value is collateralized. 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 made by the Company to arrive at this conclusion. At December 31, 2013 and 2012, the Company had outstanding $1.5 billion and $1.9 billion, respectively, of such short-term loans carried 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 carry these loans at fair value since they are actively traded. For the years ended December 31, 2013, 2012, and 2011, the Company recognized gains of $5 million and $3 million, and losses of $3 million, respectively, in fair value attributable to instrument-specific credit risk in the Consolidated Statements of Income. 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, such that the Company believes that level 2 is a more appropriate presentation of the underlying market activity for the loans. At December 31, 2013 and 2012, $313 million and $357 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 and costs are recognized in earnings when earned or incurred. 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 derivatives to economically hedge changes in interest rates and 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/(loss).
Level 2 LHFS 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. As disclosed in the tabular level 3 rollforwards, transfers of certain mortgage LHFS into level 3 during the years ended December 31, 2013 and 2012 were not due to using alternative valuation approaches, but 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 carry 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 the years ended December 31, 2013, 2012, and 2011, the Company recognized losses of $2 million, gains of $12 million, and losses of $15 million, respectively, due to changes in fair value attributable to borrower-specific credit risk in the Consolidated Statements of Income. 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 principal markets for the loans.
Corporate and other LHFS
As discussed in Note 10, “Certain Transfers of Financial Assets and Variable Interest Entities,” the Company has determined that it is the primary beneficiary of a CLO vehicle, which resulted in the Company consolidating the loans of that vehicle. Because the CLO trades its loans from time to time and to fairly present the economics of the CLO, the Company elected to carry the loans of the CLO at fair value. For the years ended December 31, 2013, 2012, and 2011, the Company recognized gains of $1 million and $10 million, and losses of $4 million, respectively, due to changes in fair value attributable to borrower-specific credit risk in the Consolidated Statements of Income. The Company obtains fair value estimates for substantially all of these loans using a third party valuation service that is broadly used by market participants. While most of the loans are traded in the markets, the Company does not believe the loans qualify as level 1 instruments, as the volume and level of trading activity is subject to variability and the loans are not exchange-traded, such that the Company believes that level 2 is more representative of the general market activity for the loans.
LHFI
Level 3 LHFI predominantly includes mortgage loans that are deemed 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 the 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.

Other Intangible Assets
Other intangible assets that the Company records at fair value are the Company’s MSR assets. The fair values of MSRs are determined by projecting cash flows, which are then discounted to estimate an expected fair value. The fair values of MSRs are impacted by a variety of factors, including prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. For additional information, see Note 9, "Goodwill and Other Intangible Assets." The underlying assumptions and estimated values are corroborated by values received from independent third parties based on their review of the servicing portfolio. Because these inputs are not transparent in market trades, MSRs are considered to be level 3 assets.

Liabilities
Trading liabilities and derivatives
Trading liabilities are primarily comprised of derivative contracts, but also include various contracts involving U.S. Treasury securities, equity securities, and 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 Derivatives and Securities Available for Sale.”
Brokered time deposits
The Company has elected to measure certain CDs at fair value. These debt instruments include embedded derivatives that are generally based on underlying equity securities or equity indices, but may be based on other underlyings that may or may not be clearly and closely related to the host debt instrument. The Company elected to carry certain of these instruments at fair value to better align the economics of the CDs with the Company’s risk management strategies. The Company evaluated, on an instrument by instrument basis, whether a new issuance would be carried at fair value.

The Company classified these CDs as level 2 instruments due to the Company’s ability to reasonably measure all significant inputs based on observable market variables. The Company employs a discounted cash flow approach to the host debt component of the CD, based on observable market interest rates for the term of the CD and an estimate of the Bank’s credit risk. For the embedded derivative features, the Company uses the same valuation methodologies as if the derivative were a standalone derivative, as discussed herein under “Derivative contracts.”
For brokered time deposits carried at fair value, the Company estimated credit spreads above LIBOR, based on credit spreads from actual or estimated trading levels of the debt or other relevant market data. For the years ended December 31, 2013, 2012, and 2011, the Company recognized $3 million and $15 million of losses and $2 million of gains, respectively, due to changes in its own credit spread on its brokered time deposits carried at fair value.
Long-term debt
The Company has elected to carry at fair value certain fixed rate debt issuances of public debt which are valued by obtaining quotes 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 the derivatives without having to account for the debt under hedge accounting, thus avoiding the complex and time consuming fair value hedge accounting requirements.
The Company’s public debt carried 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 fixed to floating. The estimated earnings impact from changes in credit spreads above U.S. Treasury rates were $40 million and $78 million of losses and $57 million of gains for the years ended December 31, 2013, 2012, and 2011, respectively.
The Company also carries approximately $256 million of issued securities contained in a consolidated CLO at fair value to recognize the nonrecourse nature of these liabilities to the Company. Specifically, the holders of the liabilities are only paid interest and principal to the extent of the cash flows from the assets of the vehicle, and the Company has no current or future obligations to fund any of the CLO vehicle’s liabilities. The Company classified these securities as level 2, as the primary driver of their fair values are the loans owned by the CLO, which the Company also elected to carry at fair value, as discussed herein under “Loans Held for Sale and Loans Held for Investment–Corporate and other LHFS.”
Other liabilities
The Company’s other liabilities that are carried at fair value on a recurring basis include contingent consideration obligations related to acquisitions, as well as the derivative that the Company obtained as a result of its sale of Visa Class B shares. 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. 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 derivative liability is classified as a level 3 instrument. See Note 17, "Guarantees," for a discussion of the valuation assumptions.
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
December 31, 2013 
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
CDO/CLO securities

$54

 
Matrix pricing/Discounted cash flow
 
Indicative pricing based on overcollateralization ratio
 
$50-$60 ($54)
 
Discount margin
 
4-6% (5%)
ABS
6

 
Matrix pricing
 
Indicative pricing
 
$55 ($55)
Derivative contracts, net 2
8

 
Internal model
 
Pull through rate
 
1-99% (74%)
 
MSR value
 
42-222 bps (111 bps)
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
34

 
Matrix pricing
 
Indicative pricing
 
$80-$111 ($95)
MBS - private
154

 
Third party pricing
 
N/A
 

ABS
21

 
Third party pricing
 
N/A
 

Corporate and other debt securities
5

 
Cost
 
N/A
 

Other equity securities
739

 
Cost
 
N/A
 

Residential LHFS
3

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
250-675 bps (277 bps)
 
Conditional prepayment rate
 
2-10 CPR (7 CPR)
 
Conditional default rate
 
0-4 CDR (0.5 CDR)
LHFI
292

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-675 bps (307 bps)
 
Conditional prepayment rate
 
1-30 CPR (13 CPR)
 
Conditional default rate
 
0-7 CDR (2.5 CDR)
10

 
Collateral based pricing
 
Appraised value
 
NM 3
MSRs
1,300

 
Discounted cash flow
 
Conditional prepayment rate
 
4-25 CPR (8 CPR)
 
Discount rate
 
9-28% (12%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 4
23

 
Internal model
 
Loan production volume
 
0-150% (92%)
3

 
Internal model
 
Revenue run rate
 
NM 3
1 For certain assets and liabilities that 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 "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment to hedge its interest rate risk.
3 Not meaningful.
4 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. Excludes $3 million of Other Liabilities. See Note 17, "Guarantees," for additional information.

 
 Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)
Fair value
December 31, 2012 
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
CDO/CLO securities

$52

 
Matrix pricing
 
Indicative pricing based on overcollateralization ratio
 
$33-$45 ($40)
 
Estimated collateral losses
 
34-45% (39%)
ABS
5

 
Matrix pricing
 
Indicative pricing
 
$45 ($45)
Derivative contracts, net 2
132

 
Internal model
 
Pull through rate
 
9-98% (71%)
 
MSR value
 
6-244 bps (104 bps)
Corporate and other debt securities
1

 
Third party pricing
 
N/A
 
 
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
46

 
Matrix pricing
 
Indicative pricing
 
$72-$115 ($92)
MBS - private
209

 
Third party pricing
 
N/A
 
 
ABS
21

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

 
Cost
 
N/A
 
 
Other equity securities
633

 
Cost
 
N/A
 
 
Residential LHFS
8

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-622 bps (251 bps)
 
Conditional prepayment rate
 
5-30 CPR (15 CPR)
 
Conditional default rate
 
0-20 CDR (3.5 CDR)
LHFI
369

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-622 bps (251 bps)
 
Conditional prepayment rate
 
5-30 CPR (15 CPR)
 
Conditional default rate
 
0-20 CDR (3.5 CDR)
10

 
Collateral based pricing
 
Appraised value
 
NM 3
MSRs
899

 
Discounted cash flow
 
Conditional prepayment rate
 
6-31 CPR (16 CPR)
 
Discount rate
 
9-28% (11%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 4
24

 
Internal model
 
Loan production volume
 
0-150% (92%)
7

 
Internal model
 
Revenue run rate
 
NM 3
1 For certain assets and liabilities that 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 "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment to hedge its interest rate risk.
3 Not meaningful.
4 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. See Note 17, "Guarantees," for additional information.

The following tables present a reconciliation of the beginning and ending balances for fair valued assets and liabilities measured on a recurring basis using significant unobservable inputs (other than MSRs which are disclosed in Note 9, “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 years ended December 31, 2013 and 2012.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2013
 
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
December 31,
2013
 
Included in earnings (held at December 31, 2013) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDO/CLO securities

$52

 

$23

 

$—

  

$—

 

($20
)
 

($1
)
 

$—

 

$—

 

$—

 

$54

 

$15

 
ABS
5

 
1

  
—

  
—

 
—

 
—

 
—

 
—

 
—

 
6

 
1

  
Derivative contracts, net
132

 
98

2 
—

 
—

 
—

 
—

 
(222
)
 
—

 
—

 
8

 
—

 
Corporate and other debt securities
1

 
—

  
—

  
—

 
—

 
(1
)
 
—

 
—

 
—

 
—

 
—

 
Total trading assets and derivatives
190

 
122

3 
—

  
—

 
(20
)
 
(2
)
 
(222
)
 
—

 
—

 
68

 
16

3 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
46

 
—

  
2

  
—

 
(6
)
 
(8
)
 
—

 
—

 
—

 
34

 
—

  
MBS - private
209

 
—

  
(5
)
  
—

 
—

 
(50
)
 
—

 
—

 
—

 
154

 
—

  
ABS
21

 
(1
)
  
4

  
—

 
—

 
(3
)
 
—

 
—

 
—

 
21

 
(1
)
  
Corporate and other debt securities
5

 
—

  
—

  
4

 
—

 
(4
)
 
—

 
—

 
—

 
5

 
—

  
Other equity securities
633

 
—

  
—

  
200

 
—

 
(94
)
 
—

 
—

 
—

 
739

 
—

  
Total securities AFS
914

 
(1
)
4 
1

5 
204

 
(6
)
 
(159
)
 
—

 
—

 
—

 
953

 
(1
)
4 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
8

 
1

6 
—

  
—

 
(25
)
 
(1
)
 
(8
)
 
32

 
(4
)
 
3

 
—

 
LHFI
379

 
(5
)
6 
—

  
—

 
—

 
(55
)
 
(17
)
 
—

 
—

 
302

 
(11
)
6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
31

 
4

7 
—

  
—

 
—

 
(6
)
 
—

 
—

 
—

 
29

 
4

7 
1 Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at December 31, 2013.
2 Amounts included in earnings are net of issuances, fair value changes, and expirations and are recognized in mortgage production related income/(loss).
3 Amounts included in earnings are recognized in trading income.
4 Amounts included in earnings are recognized in net securities gains.
5 Amount recognized in OCI is recognized in change in net unrealized gains on securities, net of tax.
6 Amounts are generally included in mortgage production related income/(loss); however, the mark on certain fair value loans is included in trading income.
7 Amounts included in earnings are recognized in other noninterest expense.


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2012
 
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
December 31,
2012
 
Included in earnings (held at December
 31, 2012) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDO/CLO securities

$43

 

$11

 

$—

 

$—

 

$—

 

($2
)
 

$—

 

$—

 

$—

 

$52

 

$9

 
ABS
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

  
Derivative contracts, net
84

 
930

2 
—

 
—

 
—

 
—

 
(882
)
 
—

 
—

 
132

 
—

 
Corporate and other debt securities
1

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
1

 
—

  
Total trading assets and derivatives
133

 
941

3 
—

 
—

  
—

 
(2
)
 
(882
)
 
—

 
—

 
190

 
9

3 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
58

 
—

 
—

 
—

 
—

 
(12
)
 
—

 
—

 
—

 
46

 
—

  
MBS - private
221

 
(7
)
 
35

 
—

 
—

 
(40
)
 
—

 
—

 
—

 
209

 
(7
)
  
ABS
16

 
—

 
7

 
—

 
—

 
(2
)
 
—

 
—

 
—

 
21

 
—

  
Corporate and other debt securities
5

 
—

 
—

 
2

 
—

 
(2
)
 
—

 
—

 
—

 
5

 
—

  
Other equity securities
741

 
—

 
—

 
164

 
—

 
(272
)
 
—

 
—

 
—

 
633

 
—

  
Total securities AFS
1,041

 
(7
)
4 
42

5 
166

  
—

 
(328
)
 
—

 
—

 
—

 
914

 
(7
)
4 
Residential LHFS
1

 
—

 
—

 
—

 
(11
)
 
—

 
4

 
22

 
(8
)
 
8

 
(1
)
6 
LHFI
433

 
7

6 
—

 
—

 
—

 
(49
)
 
(15
)
 
4

 
(1
)
 
379

 
11

6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
211

 
308

2, 4 
(194
)
7 
31

 
—

 
(325
)
 
—

 
—

 
—

 
31

 
—

 
1 Change in unrealized gains/(losses) included in earnings for the period related to financial assets still held at December 31, 2012.
2 Amounts included in earnings are net of issuances, fair value changes, and expirations and are recognized in mortgage production related income/(loss).
3 Amounts included in earnings are recognized in trading income.
4 Amounts included in earnings are generally recognized in net securities gains; however, any related hedge ineffectiveness is recognized in trading income.
5 Amounts recognized in OCI are recognized in change in net unrealized gains on securities, net of tax.
6 Amounts are generally included in mortgage production related income/(loss); however, the mark on certain fair value loans is included in trading income.
7 Amounts recognized in OCI are recognized in change in net unrealized gains on derivatives, net of tax, and are the effective portions of the cash flow hedges related to the Company’s probable forecasted sale of its shares of Coke common stock as discussed in Note 16, “Derivative Financial Instruments.”







Non-recurring Fair Value Measurements
The following tables present those assets measured at fair value on a non-recurring basis at December 31, 2013 and 2012, respectively, as well as loans for which impairment has been recognized during the years ended December 31, 2013 and 2012. The changes in fair value when comparing balances at December 31, 2013 to those at December 31, 2012, generally result from the application of LOCOM or through write-downs of individual assets. The table does not reflect the change in fair value attributable to any related economic hedges the Company may have used to mitigate the interest rate risk associated with LHFS and MSRs.
(Dollars in millions)
December 31, 2013
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Losses for the
Year Ended
December 31, 2013
LHFS

$278

 

$—

 

$278

 

$—

 

($3
)
LHFI
75

 
—

 
—

 
75

 
—

OREO
49

 
—

 
1

 
48

 
(10
)
Affordable Housing
7

 
—

 
—

 
7

 
(3
)
Other Assets
171

 
—

 
158

 
13

 
(61
)
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
December 31, 2012
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Losses for the
Year Ended
December 31, 2012
LHFS

$65

 

$—

 

$65

 

$—

 

$—

LHFI
308

 
—

 
—

 
308

 
(79
)
OREO
264

 
—

 
205

 
59

 
(48
)
Affordable Housing
82

 
—

 
—

 
82

 
(96
)
Other Assets
65

 
—

 
42

 
23

 
(13
)

The following is a discussion of the valuation techniques and inputs used in developing fair value measurements for assets classified as level 2 or 3 that are measured at fair value on a non-recurring basis, as determined by the nature and risks of the instrument.
Loans Held for Sale
At December 31, 2013 and 2012, level 2 LHFS consisted primarily of agency and non-agency residential mortgages, which were measured using observable collateral valuations, and corporate loans that are accounted for at LOCOM. These loans were valued consistent with the methodology discussed in the Recurring Fair Value Measurement section of this footnote.
During 2013, the Company transferred $25 million of residential mortgage NPLs to LHFS, as the Company elected to actively market these loans for sale. These loans were predominantly reported at amortized cost prior to transferring to LHFS; however, a portion of the NPLs was carried at fair value. As a result of transferring the loans to LHFS, the Company recognized a $3 million charge-off to reflect the loans' estimated market value. These transferred NPL loans were sold at approximately their carrying value during 2013. The Company also sold an additional $63 million of residential mortgage NPLs which had either been transferred to LHFS in a prior period or repurchased into LHFS directly. These additional loans were sold at a gain of approximately $12 million.
During 2012, the Company transferred $700 million of residential mortgage NPLs to LHFS, as the Company elected to actively market these loans for sale. These loans were predominantly reported at amortized cost prior to transferring to LHFS; however, a portion of the NPLs was carried at fair value. As a result of transferring the loans to LHFS, the Company recognized a $199 million charge-off to reflect the loans' estimated market value. Of these transferred loans, $486 million were sold at approximately their carrying value during the year, $6 million remained in LHFS, $7 million were returned to LHFI as they were no longer deemed marketable for sale, and $2 million were removed as a result of various loss mitigation events.
Loans Held for Investment
At December 31, 2013, 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 have 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. At December 31, 2012, LHFI also consisted primarily of residential real estate loans discharged in Chapter 7 bankruptcy that had not been reaffirmed by the borrower and nonperforming CRE loans for which specific reserves have been recognized. A majority of these Chapter 7 bankruptcy loans were returned to accruing status during 2013 as a result of exhibiting at least six months of payment performance following discharge by the bankruptcy court. There were no gains or losses during 2013 and 2012 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 its fair value less costs to sell. Level 2 OREO consists primarily of residential homes, commercial properties, and vacant lots and land for which binding purchase agreements exist. Level 3 OREO 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. Due to the lower dollar value per property and geographic dispersion of the portfolio, certain vacant lots and land properties (approximately 11% of level 3 OREO at December 31, 2013) are re-evaluated using a pooled approach, which applies geographic factors to adjust carrying values for estimated further declines in value. Land and lots have proven to be the most challenging asset class to accurately value due in part to the low balance per property composition of the asset class. The pooled discount methodology provides a means to reserve for losses across a broad band of assets rather than rely on potentially unreliable asset-specific valuations. The pooled discount methodology is applied to land and lot assets that have valuations older than six months. The Company's independent internal valuation group determines the discounts to be applied and the discount percentages are segregated by state and by asset class (residential or commercial). The range of discount percentages applied to residential properties was 10% to 60% with a weighted average of 29%. The range of discount percentages applied to commercial properties was 5% to 45% with a weighted average of 24%. The discount percentages reflect the general market decline/increase in a particular state for a particular asset class and are determined by examining various valuation sources, including but not limited to, recent appraisals or sales prices of similar assets within each state.
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. An impairment is recognized if the carrying amount of the property exceeds its fair value. Fair value measurements for affordable housing properties are derived from internal analyses using market assumptions if available. Significant assumptions utilized in these analyses include cash flows, market capitalization rates, and tax credit market pricing. Due to the lack of comparable sales in the marketplace, these valuations are considered level 3. During 2012, the Company decided to actively market for sale certain consolidated affordable housing properties, and accordingly, recorded an impairment charge of $96 million to adjust the carrying values of these properties to their estimated net realizable values obtained from a third party broker opinion. The majority of the properties held for sale were sold in 2013. During 2013, the Company recognized losses of $3 million on affordable housing properties not held for sale.
Other Assets
Other assets consist of private equity and other equity method investments, other repossessed assets, assets under operating leases where the Company is the lessor, and land held for sale.
Investments in private equity partnerships and other equity method investments are valued based on the expected remaining cash flows to be received from these assets discounted at a market rate that is commensurate with the expected risk. Based on the valuation methodology and the lack of observable inputs, these investments are considered level 3. During 2013, the Company recognized impairment charges on its equity investments of $11 million. The Company did not recognize impairment charges on its equity investments during 2012. 
Other repossessed assets consist of repossessed personal property that is measured at fair value less cost to sell. These assets are considered level 2 as their fair value is determined based on market comparables and broker opinions. During 2013 and 2012, the Company recognized impairment charges of $19 million and $2 million on other repossessed assets, respectively.
The Company monitors the fair value of assets under operating leases where the Company is the lessor and recognizes impairment 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, and recent sales data from industry equipment dealers as well as 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 2013 and 2012, the Company recognized impairment charges of $31 million and $2 million, respectively, attributable to the fair value of various personal property under operating leases.
Land held for sale is measured at the lesser of carrying value or fair value less cost to sell. The fair value of the land is determined using broker opinions, and based on the lack of observable inputs, the land is considered level 3. No impairment charges were recognized on the land during 2013. During 2012, the Company recognized a $7 million impairment charge on the land.

Fair Value of Financial Instruments
The carrying amounts and fair values of the Company’s financial instruments are as follows:
 
 
December 31, 2013
 
Fair Value Measurement Using
 
(Dollars in millions)
Carrying
Amount
 
Fair
Value
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$5,263

 

$5,263

 

$5,263

 

$—

 

$—

(a) 
Trading assets and derivatives
5,040

 
5,040

 
1,156

 
3,812

 
72

(b) 
Securities AFS
22,542

 
22,542

 
1,396

 
20,193

 
953

(b) 
LHFS
1,699

 
1,700

 
—

 
1,666

 
34

(c) 
LHFI, net
125,833

 
121,341

 
—

 
2,860

 
118,481

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
129,759

 
129,801

 
—

 
129,801

 
—

(e) 
Short-term borrowings
8,739

 
8,739

 
—

 
8,739

 
—

(f) 
Long-term debt
10,700

 
10,678

 
—

 
10,086

 
592

(f) 
Trading liabilities and derivatives
1,181

 
1,181

 
979

 
198

 
4

(b) 

 
December 31, 2012
 
Fair Value Measurement Using
 
(Dollars in millions)
Carrying
Amount
 
Fair
Value
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$8,257

 

$8,257

 

$8,257

 

$—

 

$—

(a) 
Trading assets and derivatives
6,227

 
6,227

 
696

 
5,341

 
190

(b) 
Securities AFS
21,953

 
21,953

 
291

 
20,748

 
914

(b) 
LHFS
3,399

 
3,399

 
—

 
3,375

 
24

(c) 
LHFI, net
119,296

 
115,690

 
—

 
4,041

 
111,649

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
132,316

 
132,613

 
—

 
132,613

 
—

(e) 
Short-term borrowings
5,494

 
5,494

 
—

 
5,494

 
—

(f) 
Long-term debt
9,357

 
9,413

 
—

 
8,829

 
584

(f) 
Trading liabilities and derivatives
1,176

 
1,176

 
891

 
285

 
—

(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 reported in the balance sheet, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.
(b)
Securities AFS, trading assets and derivatives, and trading liabilities and derivatives 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, on quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion of the LHFS carried at fair value. In instances for which significant 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 for certain loan types, nonexistent, requires significant judgment. Therefore, the estimated fair value can vary significantly depending on a market participant’s ultimate considerations and assumptions. The final value yields a market participant’s expected return on investment that is indicative of the current market conditions, but it does not take into consideration the Company’s estimated value from continuing to hold these loans or its lack of willingness to transact at these estimated values.
The Company generally estimated fair value for LHFI based on estimated future cash flows discounted, initially, at current origination rates for loans with similar terms and credit quality, which derived an estimated value of 99% and 101% on the loan portfolio’s net carrying value at December 31, 2013 and 2012, respectively. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was subtracted from the initial value at December 31, 2013 and 2012. 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. Loan prepayments are used to adjust future cash flows based on historical experience and prepayment model forecasts. The value of related accrued interest on loans approximates fair value; however, it is not included in the carrying amount or fair value of loans. The value of long-term customer relationships is not permitted under current U.S. GAAP to be included in the estimated fair value.
(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 measurement 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. For valuation of brokered time deposits that the Company carries at fair value as well as those that are carried at amortized cost, refer to the respective valuation section within this footnote.
(f)
Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated using discounted cash flow analysis and the Company’s current incremental borrowing rates for similar types of instruments. For long-term debt that the Company carries 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, we look at 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 December 31, 2013 and 2012, the Company had $48.9 billion and $42.7 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 $53 million and $49 million at December 31, 2013 and 2012, 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 19 – 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 novel or 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. Because of these factors, the Company typically cannot 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 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. For other matters for which a loss is probable or reasonably possible, such an estimate is not possible. For those matters where a loss is both estimable and reasonably possible, management currently estimates the aggregate range of reasonably possible losses as $0 to approximately $300 million in excess of the reserves, if any, related to those matters. 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 currently available at December 31, 2013. 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, 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 U.S.A. and MasterCard International, 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 17, “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. The appeal period in one such case expired in January 2014 and in the other two will expire once the plaintiffs' claims against a third party have been resolved.

Colonial BancGroup Securities Litigation
Beginning in July 2009, STRH, certain other underwriters, the Colonial BancGroup, Inc. (“Colonial BancGroup”) and certain officers and directors of Colonial BancGroup were named as defendants in a putative class action filed in the U.S. District Court for the Middle District of Alabama entitled In re Colonial BancGroup, Inc. Securities Litigation. The complaint was brought by purchasers of certain debt and equity securities of Colonial BancGroup and seeks unspecified damages. Plaintiffs allege violations of Sections 11 and 12 of the Securities Act of 1933 due to allegedly false and misleading disclosures in the relevant registration statement and prospectus relating to Colonial BancGroup’s goodwill impairment, mortgage underwriting standards, and credit quality. On August 28, 2009, the Colonial BancGroup filed for bankruptcy. The defendants’ motion to dismiss was denied in May 2010, but the Court subsequently ordered Plaintiffs to file an amended complaint. This amended complaint was filed and the defendants filed a motion to dismiss. In October 2013, the Court granted in part and denied in part this motion.

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 have incurred such overdraft fees within the last four years 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 is pending.

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.
The Company Stock Class Action 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. Defendants and plaintiffs filed separate motions for the District Court to certify its October 25, 2010 order for immediate interlocutory appeal. On January 3, 2011, the District Court granted both motions.
On January 13, 2011, defendants and plaintiffs filed separate petitions seeking permission to pursue interlocutory appeals with the U.S. Court of Appeals for the Eleventh Circuit (“the Circuit Court”). On April 14, 2011, 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 have filed an appeal of this decision in the Circuit Court.
Mutual Funds Class Action
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 plaintiff purports 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 seeks to recover alleged losses these Plan participants supposedly incurred as a result of their investment in the STI Classic Mutual Funds. This action was pending in the U.S. District Court for the Northern District of Georgia, Atlanta Division (the “District Court”). On June 6, 2011, plaintiff 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 substituting 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. This decision also is now on appeal to the Eleventh Circuit.

Consent Order with the Federal Reserve
On April 13, 2011, SunTrust Banks, Inc., SunTrust Bank, and STM entered into a Consent Order with the FRB in which SunTrust Banks, Inc., 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. Under the terms of the Consent Order, SunTrust Bank and STM agreed, among other things, to: (a) strengthen the coordination of communications between borrowers and STM concerning ongoing loss mitigation and foreclosure activities; (b) submit a plan to enhance processes for oversight and management of third party vendors used in connection with residential mortgage servicing, loss mitigation and foreclosure activities; (c) enhance and strengthen the enterprise-wide compliance program with respect to oversight of residential mortgage loan servicing, loss mitigation and foreclosure activities; (d) ensure appropriate oversight of STM's activities with respect to the Mortgage Electronic Registration System; (e) review and remediate, if necessary, STM's management information systems for its residential mortgage loan servicing, loss mitigation, and foreclosure activities; (f) improve the training of STM officers and staff concerning applicable law, supervisory guidance and internal procedures concerning residential mortgage loan servicing, loss mitigation and foreclosure activities, including the single point of contact for foreclosure and loss mitigation; (g) retain an independent consultant to conduct a comprehensive assessment of STM's risks, including, but not limited to, operational, compliance, transaction, legal, and reputational risks particularly in the areas of residential mortgage loan servicing, loss mitigation and foreclosure; (h) enhance and strengthen the enterprise-wide risk management program with respect to oversight of residential mortgage loan servicing, loss mitigation and foreclosure activities; and (i) enhance and strengthen the internal audit program with respect to residential loan servicing, loss mitigation and foreclosure activities. The comprehensive third party risk assessment was completed in August 2011, action plans designed to complete the above enhancements were accepted by the FRB, and the Company has implemented enhancements consistent with such plans. During the second quarter of 2013, an independent third party consultant approved by the FRB completed its review and submitted to the FRB a validation report with respect to compliance with the aspects of the Consent Order referenced above. The Company continues its implementation of the recommendations noted in this report.

Under the terms of the Consent Order, SunTrust Bank and STM also retained an independent foreclosure consultant approved by the FRB to conduct a review of residential foreclosure actions pending at any time during the period from January 1, 2009 through December 31, 2010, for loans serviced by STM, to identify any errors, misrepresentations, or deficiencies, determine whether any instances so identified resulted in financial injury, and prepare a written report detailing the findings. On January 7, 2013, the Company, as well as nine other mortgage servicers, entered into an amendment to the Consent Order with the OCC and the FRB to amend the 2011 Consent Order. This agreement ended the independent foreclosure review process created by the Consent Order, replacing it with an accelerated remediation program. As a result of the amendment, the Company is no longer incurring the consulting and legal costs of the independent third parties providing file review, borrower outreach, and legal services associated with the Consent Order foreclosure file review. The Company has taken actions to satisfy its commitments under the amendment to the Consent Order, and the Company's financial results at December 31, 2013 reflect the expected costs of satisfying its financial obligations under the amendment to the Consent Order.

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 FRB announced that it would impose a $160 million civil money penalty. The Company expects to satisfy this obligation 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, which is discussed below at "United States Mortgage Servicing Settlement and HUD Investigation of Origination Practices (FHA).”

United States Mortgage Servicing Settlement and HUD Investigation of Origination Practices (FHA)
In January 2012, the Company commenced discussions related to a mortgage servicing settlement with the U.S., through the DOJ, and Attorneys General for several states regarding various potential claims primarily relating to the Company's mortgage servicing activities. Since that time, the parties continued discussions regarding potential resolution. In September 2013, the Company reached agreements in principle with the HUD and the DOJ to settle certain alleged civil claims regarding our mortgage servicing and origination practices as part of the National Mortgage Servicing Settlement.
Separately, on April 25, 2012, the Company was informed of the commencement of an investigation by the HUD OIG relating to STM's origination practices for FHA loans. Since that time, STM has provided documents as part of the investigation. During the first quarter of 2013, the HUD OIG, together with the U.S. DOJ (collectively, the “Government”), advised STM of their preliminary investigation findings, including alleged violations of the False Claims Act. Throughout 2013, the Government and the Company engaged in discussions that accelerated in the third quarter and resulted in agreements in principle to resolve certain civil and administrative claims arising from FHA-insured mortgage loans originated by STM from January 1, 2006 through March 31, 2012. Pursuant to these two combined agreements in principle, the Company committed to provide $500 million of consumer relief, to make a $468 million cash payment, and to implement certain mortgage servicing standards.
The Company is continuing to negotiate definitive settlement terms for each of these matters and has certain substantive disagreements with some of the positions being taken by the Government. The Company may be unable to resolve its disagreements with the Government and may not reach a definitive settlement agreement as it relates to the FHA matter.  If the Company does not reach a definitive settlement agreement, then the Government may sue the Company alleging deficiencies in the Company's FHA loan origination practices.  The Company is not able to predict the effect that a failure to resolve the FHA matter will have on the agreement in principle to settle the alleged claims regarding its mortgage servicing and origination practices.

The Company's financial statements at December 31, 2013 reflected its estimated cost of the settlements, and the Company is not able to predict what its ultimate cost to resolve these matters will be if it is not able to reach definitive settlement agreements. Even if the Company were to reach a definitive settlement agreement with the Government to resolve the alleged mortgage servicing and origination claims as contemplated by the agreement in principle, the Company faces the risk of being unable to meet certain consumer relief commitments, resulting in increased costs to resolve this matter. Additionally, while the Company does not expect the consumer relief efforts or implementation of certain servicing standards associated with the settlements to have a material impact on its future financial results, this expectation is based on anticipated requirements of the definitive agreements which the parties have not finalized.

DOJ Investigation of GSE Loan Origination Practices
In January 2014, the DOJ notified STM of an investigation of the origination and underwriting of single family residential mortgage loans sold by STM to Fannie Mae and Freddie Mac. STM is cooperating with the investigation, which is in its preliminary stages. The DOJ and STM have not yet engaged in any dialogue about how this matter may proceed and no allegations have been raised against STM.

Mortgage Modification Investigation
STM has been cooperating with 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 (collectively, the “Western District”) in their investigation of STM's administration of HAMP. More specifically, the Western District investigation focuses on whether, during 2009 and 2010, STM harmed borrowers and violated civil or criminal laws by failing to properly process applications for modifications of certain mortgages owned by the GSEs by devoting insufficient resources to its loss mitigation function and making misrepresentations to borrowers about timelines and other features associated with the HAMP modification process. The Western District and STM are engaged in dialogue about how this matter may proceed. While no determinations have been made, the Western District has indicated that they intend to pursue some form of action and may impose substantial penalties on STM. STM continues to cooperate with the investigation and believes that it has substantial defenses to the asserted allegations.

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.

SunTrust Mortgage Lender Placed Insurance Class Actions
STM has been named in three putative class actions similar to those that other financial institutions are facing which allege that the Company acted improperly in connection with the practice of force placing homeowners’ insurance in certain instances. Generally, the plaintiffs in these actions allege that STM has violated various duties by failing to properly negotiate pricing for force placed insurance and by receiving kickbacks or other improper benefits from the providers of such insurance. The first case, Timothy Smith v. SunTrust Mortgage, Inc. et al., is pending in the United States District Court for the Central District of California. STM filed a motion to dismiss this case and this motion was granted in part and denied in part. The second case, Carina Hamilton v. SunTrust Mortgage, Inc. et al., is pending in the U.S. District Court for the Southern District of Florida. STM filed a motion to dismiss in this case that remains pending. The third case, Yaghoub Mahdavieh et al. v. SunTrust Mortgage, Inc. et al., is pending in the U.S. District Court for the Northern District of Georgia. STM has filed a motion to dismiss and a motion to transfer in this case. The Court granted the motion to transfer this case to the Southern District of Florida.

SunTrust Mortgage, Inc. v. United Guaranty Residential Insurance Company of North Carolina
STM filed suit in the Eastern District of Virginia in July 2009 against United Guaranty Residential Insurance Company of North Carolina (“UGRIC”) seeking payment of denied mortgage insurance claims on second lien mortgages. STM's claims were in two counts. Count One involved a common reason for denial of claims by UGRIC for a group of loans. Count Two involved a group of loans with individualized reasons for the claim denials asserted by UGRIC. UGRIC counterclaimed for declaratory relief involving interpretation of the insurance policy involving certain caps on the amount of claims covered and whether STM was obligated to continue to pay premiums after any caps were met. The Court granted STM's motion for summary judgment as to liability on Count One and, after a trial on damages, awarded STM $34 million along with $6 million in prejudgment interest on August 19, 2011. The Court stayed Count Two pending final resolution of Count One. On September 13, 2011, the Court awarded an additional $5 million to the Count One judgment for fees on certain issues. On UGRIC's counterclaim, the Court agreed that UGRIC's interpretation was correct regarding STM's continued obligations to pay premiums in the future after coverage caps are met. However, on August 19, 2011, the Court found for STM on its affirmative defense that UGRIC can no longer enforce the contract due to its prior breaches and, consequently, denied UGRIC's request for a declaration that it was entitled to continue to collect premiums after caps are met.
On February 1, 2013, the Fourth Circuit Court of Appeals (i) upheld the judgment to STM of $45 million ($34 million in claims, $6 million in interest, and $5 million in additional fees); and (ii) vacated the ruling in STM's favor regarding the defense STM asserted to UGRIC's claim that STM owes continued premium after the caps are reached. On February 15, 2013, UGRIC filed a motion asking the Fourth Circuit Court of Appeals to re-hear its appeal. This request was denied on March 4, 2013. The case has returned to the District Court for further proceedings regarding STM's defense to UGRIC's claims for additional premiums.

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 loans referred to them by SunTrust with Twin Rivers 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. The plaintiffs in Acosta voluntarily dismissed this case. A motion to dismiss is pending in the Thurmond case.
Business Segment Reporting
Business Segment Reporting
NOTE 20 - BUSINESS SEGMENT REPORTING

The Company has three segments used to measure business activity: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking, with the remainder in Corporate Other. The business segments are determined based on the products and services provided or the type of customer served, and they reflect the manner in which financial information is evaluated by management. During the second quarter of 2013, branch-managed business banking clients were transferred from Wholesale Banking to Consumer Banking and Private Wealth Management, and all periods presented in the tables below reflect this transfer. The following is a description of the segments and their composition, which reflects the transfer of branch-managed business banking clients.

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.

•
Private Wealth Management 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 IIS business. Discount/online and full service brokerage products are offered to individual clients through STIS. Private Wealth Management 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 five businesses:

•
CIB delivers comprehensive capital markets, corporate and investment banking solutions, including advisory, capital raising, and financial risk management, to clients in the Wholesale Banking segment and Private Wealth Management 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 $100 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 are the Equipment Finance Group, which provides lease financing solutions (through SunTrust Equipment Finance & Leasing), and Premium Assignment Corporation, which create corporate insurance premium financing solutions.

•
Commercial & Business Banking offers an array of traditional banking products and investment banking services as needed by Commercial clients with annual revenues generally from $1 to $150 million as well as the dealer services (financing dealer floor plan inventories) and not-for-profit and government sectors.

•
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, sovereign wealth 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 owners/developers projects through SunTrust Community Capital with special expertise in Low Income Housing Tax Credits and New Market Tax Credits.

•
RidgeWorth, an SEC registered investment advisor, serves as investment manager for the RidgeWorth Funds as well as individual clients. RidgeWorth is also a holding company with ownership in other institutional asset management boutiques offering a wide array of equity and fixed income capabilities. These boutiques include Ceredex Value Advisors, Certium Asset Management, Seix Investment Advisors, Silvant Capital Management, StableRiver Capital Management, and Zevenbergen Capital Investments. On December 11, 2013, the Company announced that it had reached a definitive agreement to sell RidgeWorth to an investor group led by a private equity fund managed by Lightyear Capital LLC. The sale is expected to close during the second quarter of 2014. It is subject to various customary closing conditions including consents of certain RidgeWorth investment advisory clients. RidgeWorth results are included in the Wholesale Banking Segment and will continue to be reported as part of Wholesale Banking until the sale closes.

•
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, plus 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 services loans for itself and for other investors and includes ValuTree Real Estate Services, LLC, a tax service subsidiary.

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, Branch Operations, Communications, Procurement, and Executive Management.
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.
For business segment reporting purposes, the basis of presentation in the accompanying discussion includes the following:
•
Net interest income – Net interest income is presented on a FTE basis to make tax-exempt assets comparable to other taxable products. The segments have also been matched maturity funds transfer priced, generating 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 the matched maturity funds mismatch is generally attributable to corporate balance sheet management strategies.
•
Provision for credit losses – Represents net charge-offs by segment. The difference between the segment's total net charge-offs and the consolidated provision for credit losses is reported in Reconciling Items.
•
Provision/(benefit) for income taxes – Calculated using a blended income tax rate for each segment. This calculation includes the impact of various income 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 analyzing 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, planned residual expenses are also allocated to the segments. The recoveries for the majority of these costs are 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 full-time equivalent employees and volume of loans and deposits). The recoveries for these allocations are 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. Prior year results have been restated to reflect the 2013 transfer of branch-managed business banking clients from Wholesale Banking to Consumer Banking and Private Wealth Management.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Year Ended December 31, 2013
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average total assets

$45,487

 

$66,618

 

$32,708

 

$26,033

 

$1,651

 

$172,497

Average total liabilities
84,977

 
47,310

 
3,845

 
15,293

 
(95
)
 
151,330

Average total equity
—

 
—

 
—

 
—

 
21,167

 
21,167

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,601

 

$1,605

 

$539

 

$306

 

($198
)
 

$4,853

FTE adjustment
1

 
124

 
—

 
3

 
(1
)
 
127

Net interest income - FTE 1
2,602

 
1,729

 
539

 
309

 
(199
)
 
4,980

Provision for credit losses 2
362

 
79

 
238

 
—

 
(126
)
 
553

Net interest income after provision for credit losses
2,240

 
1,650

 
301

 
309

 
(73
)
 
4,427

Total noninterest income
1,480

 
1,290

 
402

 
56

 
(14
)
 
3,214

Total noninterest expense
2,797

 
1,638

 
1,503

 
(46
)
 
(12
)
 
5,880

Income/(loss) before provision/(benefit) for income taxes
923

 
1,302

 
(800
)
 
411

 
(75
)
 
1,761

Provision/(benefit) for income taxes 3
340

 
395

 
(232
)
 
(83
)
 
(20
)
 
400

Net income/(loss) including income attributable to noncontrolling interest
583

 
907

 
(568
)
 
494

 
(55
)
 
1,361

Net income attributable to noncontrolling interest
—

 
7

 
—

 
9

 
1

 
17

Net income/(loss)

$583

 

$900

 

($568
)
 

$485

 

($56
)
 

$1,344




 
Year Ended December 31, 2012
(Dollars in millions)
Consumer Banking and Private Wealth Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average total assets

$47,024

 

$63,782

 

$35,153

 

$27,830

 

$2,345

 

$176,134

Average total liabilities
84,677

 
46,935

 
4,484

 
19,706

 
(163
)
 
155,639

Average total equity
—

 
—

 
—

 
—

 
20,495

 
20,495

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,723

 

$1,538

 

$512

 

$389

 

($60
)
 

$5,102

FTE adjustment
—

 
119

 
—

 
4

 
—

 
123

Net interest income - FTE 1
2,723

 
1,657

 
512

 
393

 
(60
)
 
5,225

Provision for credit losses 2
645

 
266

 
770

 
—

 
(286
)
 
1,395

Net interest income/(loss) after provision for credit losses
2,078

 
1,391

 
(258
)
 
393

 
226

 
3,830

Total noninterest income
1,500

 
1,413

 
502

 
1,969

 
(11
)
 
5,373

Total noninterest expense
3,088

 
1,810

 
1,369

 
68

 
(12
)
 
6,323

Income/(loss) before provision/(benefit) for income taxes
490

 
994

 
(1,125
)
 
2,294

 
227

 
2,880

Provision/(benefit) for income taxes 3
180

 
280

 
(429
)
 
767

 
98

 
896

Net income/(loss) including income attributable to noncontrolling interest
310

 
714

 
(696
)
 
1,527

 
129

 
1,984

Net income attributable to noncontrolling interest
—

 
16

 
—

 
10

 
—

 
26

Net income/(loss)

$310

 

$698

 

($696
)
 

$1,517

 

$129

 

$1,958




 
Year Ended December 31, 2011
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average total assets

$45,221

 

$61,323

 

$33,719

 

$30,876

 

$1,301

 

$172,440

Average total liabilities
85,335

 
47,181

 
3,838

 
15,598

 
(208
)
 
151,744

Average total equity
—

 
—

 
—

 
—

 
20,696

 
20,696

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,729

 

$1,385

 

$471

 

$498

 

($18
)
 

$5,065

FTE adjustment
—

 
107

 
—

 
6

 
1

 
114

Net interest income - FTE 1
2,729

 
1,492

 
471

 
504

 
(17
)
 
5,179

Provision for credit losses 2
789

 
559

 
693

 
—

 
(528
)
 
1,513

Net interest income/(loss) after provision for credit losses
1,940

 
933

 
(222
)
 
504

 
511

 
3,666

Total noninterest income
1,678

 
1,231

 
241

 
297

 
(26
)
 
3,421

Total noninterest expense
3,066

 
1,874

 
1,190

 
133

 
(29
)
 
6,234

Income/(loss) before provision/(benefit) for income taxes
552

 
290

 
(1,171
)
 
668

 
514

 
853

Provision/(benefit) for income taxes 3
202

 
17

 
(454
)
 
227

 
201

 
193

Net income/(loss) including income attributable to noncontrolling interest
350

 
273

 
(717
)
 
441

 
313

 
660

Net income attributable to noncontrolling interest
—

 
3

 
—

 
9

 
1

 
13

Net income/(loss)

$350

 

$270

 

($717
)
 

$432

 

$312

 

$647

1 Presented on a matched maturity funds transfer price basis for the segments.
2 Provision for credit losses represents net charge-offs for the segments.
3 Includes regular income tax provision/(benefit) and taxable-equivalent income adjustment reversal.
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
NOTE 21 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
AOCI was calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
Pre-tax
Amount
 
Income Tax
(Expense)/
Benefit
 
After-tax
Amount
AOCI, January 1, 2011

$2,531

 

($915
)
 

$1,616

Unrealized gains/(losses) on AFS securities:
 
 
 
 
 
Unrealized net gains
653

 
(242
)
 
411

Less: Reclassification adjustment for realized net gains
(117
)
 
43

 
(74
)
Unrealized gains/(losses) on cash flow hedges:
 
 
 
 
 
Unrealized net gains
684

 
(253
)
 
431

Less: Reclassification adjustment for realized net gains
(625
)
 
231

 
(394
)
Change related to employee benefit plans
(382
)
 
141

 
(241
)
AOCI, December 31, 2011
2,744

 
(995
)
 
1,749

Unrealized gains/(losses) on AFS securities:
 
 
 
 
 
Unrealized net gains
198

 
(72
)
 
126

Less: Reclassification adjustment for realized net gains 1
(2,279
)
 
810

 
(1,469
)
Unrealized gains/(losses) on cash flow hedges:
 
 
 
 
 
Unrealized net gains
81

 
(28
)
 
53

Less: Reclassification adjustment for realized net gains
(143
)
 
53

 
(90
)
Change related to employee benefit plans
(95
)
 
35

 
(60
)
AOCI, December 31, 2012

$506

 

($197
)
 

$309

Unrealized (losses)/gains on AFS securities:
 
 
 
 
 
Unrealized net losses
(944
)
 
348

 
(596
)
Less: Reclassification adjustment for realized net gains
(2
)
 
1

 
(1
)
Unrealized gains/(losses) on cash flow hedges:
 
 
 
 
 
Unrealized net gains
16

 
(6
)
 
10

Less: Reclassification adjustment for realized net gains
(417
)
 
154

 
(263
)
Change related to employee benefit plans
399

 
(147
)
 
252

AOCI, December 31, 2013

($442
)
 

$153

 

($289
)

1 Excludes $305 million of losses related to derivatives associated with the Coke Agreements termination that was recorded in securities gains on the Consolidated Statements of Income.
The reclassification from AOCI consisted of the following:
 
 
 
 
 
 
 
(Dollars in millions)
 
Year Ended December 31
 
Affected line item in the Consolidated Statements of Income
Details about AOCI components
 
2013
 
2012
 
2011
 
Realized gains on AFS securities:
 
 
 
 
 
 
 
 
 
 

($2
)
 

($2,279
)
 

($117
)
 
Net securities gains
 
 
1

 
810

 
43

 
Provision for income taxes
 
 

($1
)
 

($1,469
)
 

($74
)
 

Gains on cash flow hedges:
 
 
 
 
 
 
 
 

 

($417
)
 

($143
)
 

($625
)
 
Interest and fees on loans
 
 
154

 
53

 
231

 
Provision for income taxes
 
 

($263
)
 

($90
)
 

($394
)
 

Change related to employee benefit plans:
 
 
 
 
 
 
 
 
Amortization of actuarial losses
 

$26

 

$27

 

($64
)
 
Employee benefits
 
 
373

 
(122
)
 
(318
)
 
Other assets/other liabilities 1
 
 
399

 
(95
)
 
(382
)
 

 
 
(147
)
 
35

 
141

 
Provision for income taxes
 
 

$252

 

($60
)
 

($241
)
 

1 This AOCI component is recognized as an adjustment to the funded status of employee benefit plans in the Company's Consolidated Balance Sheets. (For additional information, see Note 15, "Employee Benefit Plans").
SunTrust Banks, Inc. (Parent Company Only) Financial Information
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
NOTE 22 - SUNTRUST BANKS, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

Statements of Income - Parent Company Only
 
 
 
 
 
 
 
 
 
Year Ended December 31
(Dollars in millions)
 
2013
 
2012
 
2011
Income
 
 
 
 
 
 
Dividends1
 

$1,200

 

$27

 

$29

Interest on loans
 
10

 
36

 
11

Trading income
 
16

 
18

 
53

Other income
 
7

 
23

 
132

Total income
 
1,233

 
104

 
225

Expense
 
 
 
 
 
 
Interest on short-term borrowings
 
12

 
13

 
9

Interest on long-term debt
 
96

 
177

 
226

Employee compensation and benefits2
 
24

 
111

 
(7
)
Service fees to subsidiaries
 
3

 
3

 
11

Other expense
 
(113
)
3 
43

 
133

Total expense
 
22

 
347

 
372

Income/(loss) before income tax benefit and equity in undistributed income of subsidiaries
 
1,211

 
(243
)
 
(147
)
Income tax benefit
 
8

 
91

 
49

Income/(loss) before equity in undistributed income of subsidiaries
 
1,219

 
(152
)
 
(98
)
Equity in undistributed income of subsidiaries
 
125

 
2,110

 
745

Net income
 
1,344

 
1,958

 
647

Preferred dividends
 
(37
)
 
(12
)
 
(7
)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury
 
—

 
—

 
(66
)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury
 
—

 
—

 
(74
)
Dividends and undistributed earnings allocated to unvested shares
 
(10
)
 
(15
)
 
(5
)
Net income available to common shareholders
 

$1,297

 

$1,931

 

$495

1 Substantially all dividend income received from subsidiaries.
2 Includes incentive compensation allocations between the Parent Company and subsidiaries.
3 Includes the transfer to STM of certain mortgage legal-related expenses recorded at the Parent Company in prior years.
Balance Sheets - Parent Company Only

 
 
 
 
 
 
 
December 31    
(Dollars in millions)
 
2013
 
2012
Assets
 
 
 
 
Cash held at SunTrust Bank
 

$238

 

$137

Interest-bearing deposits held at SunTrust Bank
 
2,756

 
604

Interest-bearing deposits held at other banks
 
20

 
20

Cash and cash equivalents
 
3,014

 
761

Trading assets and derivatives
 
92

 
103

Securities available for sale
 
316

 
279

Loans to subsidiaries
 
1,311

 
2,733

Investment in capital stock of subsidiaries stated on the
basis of the Company’s equity in subsidiaries’ capital accounts:
 
 
 
 
Banking subsidiaries
 
21,772

 
22,521

Nonbanking subsidiaries
 
1,465

 
1,368

Goodwill
 
99

 
99

Other assets
 
534

 
561

Total assets
 

$28,603

 

$28,425

Liabilities and Shareholders’ Equity
 

 
 
Short-term borrowings:
 
 
 
 
Subsidiaries
 

$656

 

$1,525

Non-affiliated companies
 
1,554

 
1,512

Long-term debt:
 
 
 
 
Subsidiaries
 
160

 
160

Non-affiliated companies
 
4,111

 
3,249

Other liabilities
 
819

 
1,108

Total liabilities
 
7,300

 
7,554

Preferred stock
 
725

 
725

Common stock
 
550

 
550

Additional paid in capital
 
9,115

 
9,174

Retained earnings
 
11,936

 
10,817

Treasury stock, at cost, and other1
 
(734
)
 
(704
)
AOCI, net of tax
 
(289
)
 
309

Total shareholders’ equity
 
21,303

 
20,871

Total liabilities and shareholders’ equity
 

$28,603

 

$28,425

1 At December 31, 2013, includes ($684) million for treasury stock and ($50) million for compensation element of restricted stock.
At December 31, 2012, includes ($656) million for treasury stock and ($48) million for compensation element of restricted stock.
Statements of Cash Flows - Parent Company Only

 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Cash Flows from Operating Activities:
 
 
 
 
 
Net income

$1,344

 

$1,958

 

$647

Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
 
 
 
 
 
Equity in undistributed income of subsidiaries
(125
)
 
(2,110
)
 
(745
)
Depreciation, amortization, and accretion
5

 
10

 
17

Deferred income tax provision/(benefit)
74

 
18

 
(56
)
Excess tax benefits from stock-based compensation
(4
)
 
(11
)
 
—

Stock option compensation and amortization of restricted stock compensation
34

 
35

 
44

Net loss/(gain) on extinguishment of debt
—

 
15

 
(3
)
Net securities gains
(2
)
 
(6
)
 
(92
)
Contributions to retirement plans
(8
)
 
(26
)
 
(8
)
Net decrease/(increase) in other assets
50

 
(190
)
 
(192
)
Net (decrease)/increase in other liabilities
(327
)
 
369

 
130

Net cash provided by/(used in) operating activities
1,041

 
62

 
(258
)
Cash Flows from Investing Activities:
 
 
 
 
 
Proceeds from maturities, calls, and repayments of securities available for sale
55

 
65

 
61

Proceeds from sales of securities available for sale
57

 
47

 
6,700

Purchases of securities available for sale
(25
)
 
(68
)
 
(2,374
)
Proceeds from maturities, calls, and repayments of trading securities
1

 
2

 
137

Proceeds from sales of trading securities
8

 
—

 
75

Net change in loans to subsidiaries
1,422

 
940

 
(3,185
)
Capital contributions to subsidiaries
—

 
(150
)
 
(250
)
Net cash provided by investing activities
1,518

 
836

 
1,164

Cash Flows from Financing Activities:
 
 
 
 
 
Net (decrease)/increase in short-term borrowings
(827
)
 
935

 
463

Proceeds from the issuance of long-term debt
888

 
15

 
1,749

Repayment of long-term debt
(9
)
 
(3,073
)
 
(482
)
Proceeds from the issuance of preferred stock
—

 
438

 
103

Proceeds from the issuance of common stock
—

 
—

 
1,017

Repurchase of preferred stock
—

 
—

 
(4,850
)
Repurchase of common stock
(150
)
 
—

 
—

Stock option activity
17

 
26

 
—

Dividends paid
(225
)
 
(119
)
 
(131
)
Purchase of outstanding warrants
—

 
—

 
(11
)
Net cash used in financing activities
(306
)
 
(1,778
)
 
(2,142
)
Net increase/(decrease) in cash and cash equivalents
2,253

 
(880
)
 
(1,236
)
Cash and cash equivalents at beginning of period
761

 
1,641

 
2,877

Cash and cash equivalents at end of period

$3,014

 

$761

 

$1,641

Supplemental Disclosures:
 
 
 
 
 
Income taxes (paid to)/received from subsidiaries

($195
)
 

$621

 

($2
)
Income taxes received/(paid) by Parent Company
55

 
(605
)
 
(66
)
Net income taxes (paid)/received by Parent Company

($140
)
 

$16

 

($68
)
 
 
 
 
 
 
Interest paid

$112

 

$189

 

$246

Accretion of discount for preferred stock issued to the U.S. Treasury
—

 
—

 
80

Significant Accounting Policies (Policies)
Nature of Operations [Text Block] 
General

SunTrust, one of the nation's largest commercial banking organizations, is a financial services holding company with its headquarters in Atlanta, Georgia. Through its principal subsidiary, SunTrust Bank, the Company offers a full line of financial services for consumers and businesses including deposit, credit, mortgage banking, and trust and investment services. Additional subsidiaries provide asset management, securities brokerage, and capital market services. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. In certain businesses, SunTrust also operates in select markets nationally. SunTrust provides clients with a selection of technology-based banking channels, including the internet, mobile, ATMs, and telebanking. SunTrust’s client base encompasses a broad range of individuals and families, businesses, institutions, and governmental agencies. Within its geographic footprint, SunTrust operated under the following business segments during 2013: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking, with the other activities included in Corporate Other. For additional information on the Company’s business segments, see Note 20, “Business Segment Reporting.”
Consolidation, Variable Interest Entity, Policy [Policy Text Block] 
Principles of Consolidation and Basis of Presentation

The consolidated financial statements include the accounts of the Company and its subsidiaries after elimination of all significant intercompany accounts and transactions.

The Company holds VIs, which are contractual ownership or other interests that change with changes in the fair value of a VIE's net assets. The Company consolidates a VIE if it is the primary beneficiary, which is the party that has both the power to direct the activities that most significantly impact the financial performance of the VIE and the obligation to absorb losses or rights to receive benefits through its VIs that could potentially be significant to the VIE. To determine whether or not a VI held by the Company could potentially be significant to the VIE, both qualitative and quantitative factors regarding the nature, size, and form of the Company's involvement with the VIE are considered. The assessment of whether or not the Company is the primary beneficiary of a VIE is performed on an on-going basis. The Company consolidates VOEs, which are entities that are not VIEs, that are controlled through the Company's equity interests.

Investments in companies which are not VIEs, or where the Company is not the primary beneficiary of a VIE, that the Company has the ability to exercise significant influence over operating and financing decisions, are accounted for using the equity method of accounting. These investments are included in other assets in the Consolidated Balance Sheets at cost, adjusted to reflect the Company's portion of income, loss, or dividends of the investee. Unconsolidated equity investments that do not meet the criteria to be accounted for under the equity method are accounted for under the cost method. Cost method investments are included in other assets in the Consolidated Balance Sheets and dividends received or receivable from these investments are included as a component of other noninterest income in the Consolidated Statements of Income.

Results of operations of companies purchased are included from the date of acquisition. Results of operations associated with companies or net assets sold are included through the date of disposition. The Company reports any noncontrolling interests in its subsidiaries in the equity section of the Consolidated Balance Sheets and separately presents the income or loss attributable to the noncontrolling interest of a consolidated subsidiary in its Consolidated Statements of Income. Assets and liabilities of purchased companies are initially recorded at estimated fair values at the date of acquisition.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. 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.
Cash and Cash Equivalents, Policy [Policy Text Block] 
Cash and Cash Equivalents

Cash and cash equivalents include cash and due from banks, interest-bearing deposits in other banks, Fed funds sold, securities borrowed and purchased under agreements to resell. Cash and cash equivalents have maturities of three months or less, and accordingly, the carrying amount of these instruments is deemed to be a reasonable estimate of fair value.
Marketable Securities, Policy [Policy Text Block] 
Securities and Trading Activities

Debt securities and marketable equity securities are classified at trade date as trading or securities AFS. Trading account assets and liabilities are carried at fair value with changes in fair value recognized within noninterest income. Securities AFS are used as part of the overall asset and liability management process to optimize income and market performance over an entire interest rate cycle. Interest income and dividends on securities are recognized in interest income on an accrual basis. Premiums and discounts on debt securities are amortized as an adjustment to yield over the estimated life of the security. Securities AFS are carried at fair value with unrealized gains and losses, net of any tax effect, included in AOCI as a component of shareholders’ equity. Realized gains and losses, including OTTI, are determined using the specific identification method and are recognized as a component of noninterest income in the Consolidated Statements of Income.

On a quarterly basis, securities AFS are reviewed for possible OTTI. In determining whether OTTI exists for securities in an unrealized loss position, the Company assesses whether it has the intent to sell the security or, for debt securities, the Company assesses the likelihood of selling the security prior to the recovery of its amortized cost basis. If the Company intends to sell the debt security or it is more-likely-than-not that the Company will be required to sell the debt security prior to the recovery of its amortized cost basis, the debt security is written down to fair value, and the full amount of any impairment charge is recognized as a component of noninterest income in the Consolidated Statements of Income. If the Company does not intend to sell the debt security and it is more-likely-than-not that the Company will not be required to sell the debt security prior to recovery of its amortized cost basis, only the credit component of any impairment of a debt security is recognized as a component of noninterest income in the Consolidated Statements of Income, with the remaining impairment recorded in OCI.

The OTTI review for marketable equity securities includes an analysis of the facts and circumstances of each individual investment and focuses on the severity of loss, the length of time the fair value has been below cost, the expectation for that security's performance, the financial condition and near-term prospects of the issuer, and management's intent and ability to hold the security to recovery. A decline in value of an equity security that is considered to be other-than-temporary is recognized as a component of noninterest income in the Consolidated Statements of Income.

Nonmarketable equity securities are accounted for under the cost or equity method and are included in other assets in the Consolidated Balance Sheets. The Company reviews nonmarketable securities accounted for under the cost method on a quarterly basis, and reduces the asset value when declines in value are considered to be other-than-temporary. Equity method investments are recorded at cost, adjusted to reflect the Company’s portion of income, loss, or dividends of the investee. Realized income, realized losses, and estimated other-than-temporary unrealized losses on cost and equity method investments are recognized in noninterest income in the Consolidated Statements of Income.

For additional information on the Company’s securities activities, see Note 4, “Trading Assets and Liabilities and Derivatives,” and Note 5, “Securities Available for Sale.”
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] 
Loans Held for Sale

The Company’s LHFS generally includes certain residential mortgage loans, commercial loans, and student loans. Loans are initially classified as LHFS when they are identified as being available for immediate sale and a formal plan exists to sell them. LHFS are recorded at either fair value, if elected, or the lower of cost or fair value on an individual loan basis. Origination fees and costs for LHFS recorded at LOCOM are capitalized in the basis of the loan and are included in the calculation of realized gains and losses upon sale. Origination fees and costs are recognized in earnings at the time of origination for LHFS that are recorded at fair value. Fair value is derived from observable current market prices, when available, and includes loan servicing value. When observable market prices are not available, the Company uses judgment and estimates fair value using internal models, in which the Company uses its best estimates of assumptions it believes would be used by market participants in estimating fair value. Adjustments to reflect unrealized gains and losses resulting from changes in fair value and realized gains and losses upon ultimate sale of the loans are classified as noninterest income in the Consolidated Statements of Income.

The Company may transfer certain residential mortgage loans, commercial loans, and student loans to a held for sale classification at LOCOM. At the time of transfer, any credit losses are recorded as a reduction in the ALLL. Subsequent credit losses, as well as incremental interest rate or liquidity related valuation adjustments, are recorded as a component of noninterest income in the Consolidated Statements of Income. The Company may also transfer loans from held for sale to held for investment. At the time of transfer, any difference between the carrying amount of the loan and its outstanding principal balance is recognized as an adjustment to yield using the interest method, unless the loan was elected upon origination to be accounted for at fair value. If a held for sale loan is transferred to held for investment for which fair value accounting was elected, it will continue to be accounted for at fair value in the held for investment portfolio. For additional information on the Company’s LHFS activities, see Note 6, “Loans.”
Finance, Loans and Leases Receivable, Policy [Policy Text Block] 
Loans

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are considered LHFI. The Company’s loan balance is comprised of loans held in portfolio, including commercial loans, consumer loans, and residential loans. Interest income on all types of loans, except those classified as nonaccrual, is accrued based upon the outstanding principal amounts using the effective yield method.

Commercial loans (commercial & industrial, commercial real estate, and commercial construction) are considered to be past due when payment is not received from the borrower by the contractually specified due date. The Company typically classifies commercial loans as nonaccrual when one of the following events occurs: (i) interest or principal has been past due 90 days or more, unless the loan is both well secured and in the process of collection; (ii) collection of recorded interest or principal is not anticipated; or (iii) income for the loan is recognized on a cash basis due to the deterioration in the financial condition of the debtor. When a loan is placed on nonaccrual, unpaid interest is reversed against interest income. Interest income on nonaccrual loans, if recognized, is recognized after the principal has been reduced to zero. If and when commercial borrowers demonstrate the ability to repay a loan in accordance with the contractual terms of a loan classified as nonaccrual, the loan may be returned to accrual status upon meeting all regulatory, accounting, and internal policy requirements.

Consumer loans (guaranteed and private student loans, other direct, indirect, and credit card) are considered to be past due when payment is not received from the borrower by the contractually specified due date. Guaranteed student loans continue to accrue interest regardless of delinquency status because collection of principal and interest is reasonably assured. Other direct and indirect loans are typically placed on nonaccrual when payments have been past due for 90 days or more except when the borrower has declared bankruptcy, in which case, they are moved to nonaccrual status once they become 60 days past due. When a loan is placed on nonaccrual, unpaid interest is reversed against interest income. Interest income on nonaccrual loans, if recognized, is recognized on a cash basis. Nonaccrual consumer loans are typically returned to accrual status once they are no longer past due.

Residential loans (guaranteed and nonguaranteed residential mortgages, home equity products, and residential construction) are considered to be past due when a monthly payment is due and unpaid for one month. Guaranteed residential mortgages continue to accrue interest regardless of delinquency status because collection of principal and interest is reasonably assured. Nonguaranteed residential mortgages and residential construction loans are generally placed on nonaccrual when three payments are past due. Home equity products are generally placed on nonaccrual when payments are 90 days past due. The exceptions for nonguaranteed residential mortgages, residential construction loans, and home equity products are: (i) when the borrower has declared bankruptcy, in which case, they are moved to nonaccrual status once they become 60 days past due; (ii) loans discharged in Chapter 7 bankruptcy that have not been reaffirmed by the borrower, in which case, they are moved to nonaccrual status immediately; and (iii) second lien loans which are classified as nonaccrual when the first lien loan is classified as nonaccrual even if the second lien loan is performing. When a loan is placed on nonaccrual, unpaid interest is reversed against interest income. Interest income on nonaccrual loans, if recognized, is recognized on a cash basis. Nonaccrual residential loans are typically returned to accrual status once they no longer meet the delinquency threshold that resulted in them initially being moved to nonaccrual status, with the exception of the aforementioned Chapter 7 bankruptcy loans, which remain on nonaccrual until there is six months of payment performance following discharge by the bankruptcy court.

TDRs are loans in which the borrower is experiencing financial difficulty at the time of restructure and the borrower received an economic concession either from the Company or as the product of a bankruptcy court order. To date, the Company’s TDRs have been predominantly first and second lien residential mortgages and home equity lines of credit. Prior to granting a modification of a borrower’s loan terms, the Company performs an evaluation of the borrower’s financial condition and ability to service under the potential modified loan terms. The types of concessions generally granted are extensions of the loan maturity date and/or reductions in the original contractual interest rate. Typically, if a loan is accruing interest at the time of modification, the loan remains on accrual status and is subject to the Company’s charge-off and nonaccrual policies. See the “Allowance for Credit Losses” section below for further information regarding these policies. If a loan is on nonaccrual before it is determined to be a TDR then the loan remains on nonaccrual. Typically, TDRs may be returned to accrual status if there has been at least a six month sustained period of repayment performance by the borrower. Generally, once a residential loan becomes a TDR, the Company expects that the loan will continue to be reported as a TDR for its remaining life even after returning to accruing status unless the modified rates and terms at the time of modification were available in the market. Interest income recognition on impaired loans is dependent upon nonaccrual status, TDR designation, and loan type as discussed above.

For loans accounted for at amortized cost, fees and incremental direct costs associated with the loan origination and pricing process, as well as premiums and discounts, are deferred and amortized as level yield adjustments over the respective loan terms. Fees received for providing loan commitments that result in funded loans are recognized over the term of the loan as an adjustment of the yield. If a loan is never funded, the commitment fee is recognized into noninterest income at the expiration of the commitment period. Origination fees and costs are recognized in noninterest income and expense at the time of origination for newly-originated loans that are accounted for at fair value. For additional information on the Company's loans activities, see Note 6, “Loans.”
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] 
Allowance for Credit Losses

The allowance for credit losses is composed of the ALLL and the reserve for unfunded commitments. The Company’s ALLL is the amount considered adequate to absorb probable current inherent losses within the portfolio based on management’s evaluation of the size and current risk characteristics of the loan portfolio. In addition to the review of credit quality through ongoing credit review processes, the Company employs a variety of modeling and estimation techniques to measure credit risk and construct an appropriate and adequate ALLL. Numerous asset quality measures, both quantitative and qualitative, are considered in estimating the ALLL. Such evaluation considers numerous factors for each of the loan portfolio segments, including, but not limited to net charge-off trends, internal risk ratings, changes in internal risk ratings, loss forecasts, collateral values, geographic location, delinquency rates, nonperforming and restructured loan status, origination channel, product mix, underwriting practices, industry conditions, and economic trends. Additionally, refreshed FICO scores are considered for consumer and residential loans and single name borrower concentration is considered for commercial loans. These credit quality factors are incorporated into various loss estimation models and analytical tools utilized in the ALLL process and/or are qualitatively considered in evaluating the overall reasonableness of the ALLL.

Large commercial (all loan classes) nonaccrual loans and certain consumer (other direct, indirect, and credit card), residential (nonguaranteed residential mortgages, home equity products, and residential construction), and commercial (all classes) loans whose terms have been modified in a TDR are individually identified for evaluation of impairment. 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. If necessary, a specific allowance is established for individually evaluated impaired loans. The specific allowance established for these loans is based on a thorough analysis of the most probable source of repayment, including the present value of the loan’s expected future cash flows, the loan’s estimated market value, or the estimated fair value of the underlying collateral depending on the most likely source of repayment. Any change in the present value attributable to the passage of time is recognized through the provision for credit losses.

General allowances are established for loans and leases grouped into pools based on similar characteristics. In this process, general allowance factors are based on an analysis of historical charge-off experience, portfolio trends, regional and national economic conditions, and expected LGD derived from the Company’s internal risk rating process. Other adjustments may be made to the ALLL after an assessment of internal and external influences on credit quality that are not fully reflected in the historical loss or other risk rating data. These influences may include elements such as changes in credit underwriting, concentration risk, macroeconomic conditions, and/or recent observable asset quality trends.

The Company’s charge-off policy meets regulatory minimums. Commercial loans are charged-off when they are considered uncollectible. Losses on unsecured consumer loans are generally recognized at 120 days past due, except for losses on guaranteed student loans which are recognized at 270 days past due. However, if the borrower is in bankruptcy, the loan is charged-off in the month the loan becomes 60 days past due. Losses, as appropriate, on secured consumer loans, including residential real estate, are typically recognized at 120 or 180 days past due, depending on the loan and collateral type, in compliance with the FFIEC guidelines. However, if the borrower is in bankruptcy, the secured asset is evaluated once the loan becomes 60 days past due. The loan value in excess of the secured asset value is written down or charged-off after the valuation occurs. Additionally, if a residential loan is discharged in Chapter 7 bankruptcy and not reaffirmed by the borrower, the Company's policy is to immediately charge-off the excess of the carrying amount over the fair value of the collateral. Chapter 7 bankruptcy loans are placed on nonaccrual status and remain on nonaccrual status, regardless of collateral value, until there is at least a six month period of repayment performance by the borrower following discharge by the bankruptcy court.

The Company uses numerous sources of information in order to make an appropriate evaluation of a property’s value. Estimated collateral valuations are based on appraisals, broker price opinions, recent sales of foreclosed properties, automated valuation models, other property-specific information, and relevant market information, supplemented by the Company’s internal property valuation professionals. The value estimate is based on an orderly disposition inclusive of marketing the property. In limited instances, the Company adjusts externally provided appraisals for justifiable and well-supported reasons, such as an appraiser not being aware of certain property-specific factors or recent sales information. Appraisals generally represent the “as is” value of the property but may be adjusted based on the intended disposition strategy of the property.

For CRE loans secured by property, an acceptable third party appraisal or other form of evaluation, as permitted by regulation, is obtained prior to the origination of the loan and upon a subsequent transaction involving a material change in terms. In addition, updated valuations may be obtained during the life of a transaction, as appropriate, such as when a loan's performance materially deteriorates. In situations where an updated appraisal has not been received or a formal evaluation performed, the Company monitors factors that can positively or negatively impact property value, such as the date of the last valuation, the volatility of property values in specific markets, changes in the value of similar properties, and changes in the characteristics of individual properties. Changes in collateral value affect the ALLL through the risk rating or impaired loan evaluation process. Charge-offs are recognized when the amount of the loss is quantifiable and timing is known. The charge-off is measured based on the difference between the loan’s carrying value, including deferred fees, and the estimated net realizable value of the loan, net of estimated selling costs. When assessing property value for the purpose of determining a charge-off, a third party appraisal or an independently derived internal evaluation is generally employed.

For mortgage loans secured by residential property where the Company is proceeding with a foreclosure action, a new valuation is obtained prior to the loan becoming 180 days past due and, if required, the loan is written down to net realizable value, net of estimated selling costs. In the event the Company decides not to proceed with a foreclosure action, the full balance of the loan is charged-off. If a loan remains in the foreclosure process for 12 months past the original charge-off, the Company obtains a new valuation annually. Any additional loss based on the new valuation is either charged-off or provided for through the ALLL. At foreclosure, a new valuation is obtained and the loan is transferred to OREO at the new valuation less estimated selling costs; any loan balance in excess of the transfer value is charged-off. Estimated declines in value of the residential collateral between these formal evaluation events are captured in the ALLL based on changes in the house price index in the applicable MSA or other market information.

In addition to the ALLL, the Company also estimates probable losses related to unfunded lending commitments, such as letters of credit and binding unfunded loan commitments. Unfunded lending commitments are analyzed and segregated by risk similar to funded loans based on the Company’s internal risk rating scale. These risk classifications, in combination with probability of commitment usage, existing economic conditions, and any other pertinent information, result in the estimation of the reserve for unfunded lending commitments. The reserve for unfunded lending commitments is reported on the Consolidated Balance Sheets in other liabilities and the provision associated with changes in the unfunded lending commitment reserve is reported in the Consolidated Statements of Income in provision for credit losses. For additional information on the Company's allowance for credit loss activities, see Note 7, “Allowance for Credit Losses.”
Property, Plant and Equipment, Policy [Policy Text Block] 
Premises and Equipment

Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is calculated predominantly using the straight-line method over the assets’ estimated useful lives. Leasehold improvements are amortized using the straight-line method over the shorter of the improvements’ estimated useful lives or the lease term, depending on whether the lease meets the transfer of ownership or bargain-purchase option criterion. Certain leases are capitalized as assets for financial reporting purposes and are amortized using the straight-line method of amortization over the assets’ estimated useful lives or the lease terms, depending on the criteria that gave rise to the capitalization of the assets. Construction and software in process includes in process branch expansion, branch renovation, and software development projects. Upon completion, branch and office related projects are maintained in premises and equipment while completed software projects are reclassified to other assets in the Consolidated Balance Sheets. Maintenance and repairs are charged to expense, and improvements that extend the useful life of an asset are capitalized and depreciated over the remaining useful life. Premises and equipment are evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. For additional information on the Company’s premises and equipment activities, see Note 8, “Premises and Equipment.”

Goodwill and Intangible Assets, Policy [Policy Text Block] 
Goodwill and Other Intangible Assets

Goodwill represents the excess purchase price over the fair value of identifiable net assets of acquired companies. Goodwill is assigned to reporting units, which are operating segments or one level below an operating segment, as of the acquisition date. Goodwill is assigned to the Company’s reporting units that are expected to benefit from the synergies of the business combination.

Goodwill is not amortized and instead is tested by reporting unit for impairment, at least annually, or as events and circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount or indicate that it is more likely than not that a goodwill impairment exists when the carrying amount of a reporting unit is zero or negative. If, after considering all relevant events and circumstances, the Company determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two step impairment test is not necessary. If the Company determines via qualitative analysis that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a two step goodwill impairment test is performed. The first step is used to identify potential impairment and the second step, if required, measures the amount of impairment by comparing the carrying amount of goodwill to its implied fair value. If the implied fair value of the goodwill exceeds the carrying amount, there is no impairment. If the goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded for the excess. Identified intangible assets that have a designated finite life are amortized over their useful lives and are evaluated for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. For additional information on the Company’s activities related to goodwill and other intangibles, see Note 9, “Goodwill and Other Intangible Assets.”
Transfers and Servicing of Financial Assets, Servicing of Financial Assets, Policy [Policy Text Block] 
MSRs

The Company recognizes as assets the rights to service mortgage loans based on the estimated fair value of the MSRs when loans are sold and the associated servicing rights are retained. The Company has elected to record all MSRs at fair value. Fair value is determined by projecting net servicing cash flows, which are then discounted to estimate the fair value. The Company actively hedges its MSRs. The fair values of MSRs are impacted by a variety of factors, including prepayment assumptions, discount rates, 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. The carrying value of MSRs is reported on the Consolidated Balance Sheets in other intangible assets. Servicing fees are recognized as they are received and changes in fair value are also reported in mortgage servicing related income in the Consolidated Statements of Income. For additional information on the Company’s servicing fees, see Note 9, “Goodwill and Other Intangible Assets.”
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block] 
Other Real Estate Owned

Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the lower of the loan’s cost basis or the asset’s fair value at the date of foreclosure, less estimated selling costs. To the extent fair value, less cost to sell, is less than the loan’s cost basis, the difference is charged to the ALLL at the date of transfer into OREO. The Company estimates market values primarily based on appraisals and other market information. Subsequent changes in value of the assets are reported as adjustments to the asset’s carrying amount. Subsequent to foreclosure, changes in value along with gains or losses from the disposition on these assets are reported in noninterest expense in the Consolidated Statements of Income. For additional information on the Company's activities related to OREO, see Note 18, “Fair Value Election and Measurement.”
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Sales, Policy [Policy Text Block] 
Loan Sales and Securitizations

The Company sells and at times may securitize loans and other financial assets. When the Company securitizes assets, it may hold a portion of the securities issued, including senior interests, subordinated and other residual interests, interest-only strips, and principal-only strips, all of which are considered retained interests in the transferred assets. Retained securitized interests are recognized and initially measured at fair value. The interests in securitized assets held by the Company are typically classified as either securities AFS or trading assets and carried at fair value, which is based on independent, third party market prices, market prices for similar assets, or discounted cash flow analyses. If market prices are not available, fair value is calculated using management’s best estimates of key assumptions, including credit losses, loan repayment speeds and discount rates commensurate with the risks involved. For additional information on the Company’s securitization activities, see Note 10, “Certain Transfers of Financial Assets and Variable Interest Entities.”
Income Tax, Policy [Policy Text Block] 
Income Taxes

The provision for income taxes is based on income and expense reported for financial statement purposes after adjustment for permanent differences such as interest income from lending to tax-exempt entities and tax credits from community reinvestment activities. Deferred income tax assets and liabilities result from differences between the timing of the recognition of assets and liabilities for financial reporting purposes and for income tax return purposes. These assets and liabilities are measured using the enacted tax rates and laws that are currently in effect. Subsequent changes in the tax laws require adjustment to these assets and liabilities with the cumulative effect included in the provision for income taxes for the period in which the change is enacted. A valuation allowance is recognized for a DTA if, based on the weight of available evidence, it is more likely than not that some portion or all of the DTA will not be realized. In computing the income tax provision, the Company evaluates the technical merits of its income tax positions based on current legislative, judicial and regulatory guidance. Interest and penalties related to the Company’s tax positions are recognized as a component of the income tax provision. For additional information on the Company’s activities related to income taxes, see Note 14, “Income Taxes.”
Earnings Per Share, Policy [Policy Text Block] 
Earnings Per Share

Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period, plus common share equivalents calculated for stock options, warrants, and restricted stock outstanding using the treasury stock method.

The Company has issued certain restricted stock awards, which are unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents. These restricted shares are considered participating securities. Accordingly, the Company calculated net income available to common shareholders pursuant to the two-class method, whereby net income is allocated between common shareholders and participating securities.

Net income available to common shareholders represents net income after preferred stock dividends, accretion of the discount on preferred stock issuances, gains or losses from any repurchases of preferred stock, and dividends and allocation of undistributed earnings to the participating securities. For additional information on the Company’s EPS, see Note 12, “Net Income Per Common Share.”

Repurchase and Resale Agreements Policy [Policy Text Block] 
Securities Sold Under Agreements to Repurchase and Securities Purchased Under Agreements to Resell

Securities sold under agreements to repurchase and securities purchased under agreements to resell are accounted for as collateralized financing transactions and are recorded at the amounts at which the securities were sold or acquired, plus accrued interest. The fair value of collateral pledged or received is continually monitored and additional collateral is obtained or requested to be returned to the Company as deemed appropriate. For additional information on the collateral pledged to secure repurchase agreements, see Note 3, "Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell," Note 4, "Trading Assets and Liabilities and Derivatives," and Note 5, "Securities Available for Sale."
Guarantees, Indemnifications and Warranties Policies [Policy Text Block] 
Guarantees

The Company recognizes a liability at the inception of a guarantee, at an amount equal to the estimated fair value of the obligation. A guarantee is defined as a contract that contingently requires a company to make payment to a guaranteed party based upon changes in an underlying asset, liability, or equity security of the guaranteed party, or upon failure of a third party to perform under a specified agreement. The Company considers the following arrangements to be guarantees: certain asset purchase/sale agreements, standby letters of credit and financial guarantees, certain indemnification agreements included within third party contractual arrangements, and certain derivative contracts. For additional information on the Company’s guarantor obligations, see Note 17, “Guarantees.”
Derivatives, Policy [Policy Text Block] 
Derivative Financial Instruments and Hedging Activities

The Company records all contracts that satisfy the definition of a derivative at fair value in the Consolidated Balance Sheets. Accounting for changes in the fair value of a derivative is dependent upon whether or not it has been designated in a formal, qualifying hedging relationship. The Company offsets all outstanding derivative transactions with a single counterparty as well as any cash collateral paid to and received from that counterparty for derivative contracts that are subject to ISDA or other legally enforceable master netting arrangements and meet accounting guidance for offsetting treatment. 

Changes in the fair value of derivatives not designated in a hedging relationship are recorded in noninterest income. This includes derivatives that the Company enters into in a dealer capacity to facilitate client transactions and as a risk management tool to economically hedge certain identified market risks, along with certain IRLCs on residential mortgage loans that are a normal part of the Company’s operations. The Company also evaluates contracts, such as brokered deposits and short-term debt, to determine whether any embedded derivatives are required to be bifurcated and separately accounted for as freestanding derivatives. For certain contracts containing embedded derivatives, the Company has elected not to bifurcate the embedded derivative and instead carry the entire contract at fair value.

Certain derivatives used as risk management tools are also designated as accounting hedges of the Company’s exposure to changes in interest rates or other identified market risks. The Company prepares written hedge documentation for all derivatives which are designated as hedges of (1) changes in the fair value of a recognized asset or liability (fair value hedge) attributable to a specified risk or (2) a forecasted transaction, such as the variability of cash flows to be received or paid related to a recognized asset or liability (cash flow hedge). The written hedge documentation includes identification of, among other items, the risk management objective, hedging instrument, hedged item and methodologies for assessing and measuring hedge effectiveness and ineffectiveness, along with support for management’s assertion that the hedge will be highly effective. Methodologies related to hedge effectiveness and ineffectiveness are consistent between similar types of hedge transactions and have included (i) statistical regression analysis of changes in the cash flows of the actual derivative and a perfectly effective hypothetical derivative, and (ii) statistical regression analysis of changes in the fair values of the actual derivative and the hedged item.

For designated hedging relationships, the Company performs retrospective and prospective effectiveness testing using quantitative methods and does not assume perfect effectiveness through the matching of critical terms. Assessments of hedge effectiveness and measurements of hedge ineffectiveness are performed at least quarterly for ongoing effectiveness. Changes in the fair value of a derivative that is highly effective and that has been designated and qualifies as a fair value hedge are recorded in current period earnings, along with the changes in the fair value of the hedged item that are attributable to the hedged risk. The effective portion of the changes in the fair value of a derivative that is highly effective and that has been designated and qualifies as a cash flow hedge are initially recorded in AOCI and reclassified to earnings in the same period that the hedged item impacts earnings; any ineffective portion is recorded in current period earnings.

Hedge accounting ceases on transactions that are no longer deemed effective, or for which the derivative has been terminated or de-designated. For discontinued fair value hedges where the hedged item remains outstanding, the hedged item would cease to be remeasured at fair value attributable to changes in the hedged risk and any existing basis adjustment would be recognized as an adjustment to earnings over the remaining life of the hedged item. For discontinued cash flow hedges, the unrealized gains and losses recorded in AOCI would be reclassified to earnings in the period when the previously designated hedged cash flows occur unless it was determined that transaction was probable to not occur, whereby any unrealized gains and losses in AOCI would be immediately reclassified to earnings. For additional information on the Company’s derivative activities, see Note 16, “Derivative Financial Instruments,” and Note 18, “Fair Value Election and Measurement.”
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] 
Stock-Based Compensation

The Company sponsors stock plans under which incentive and nonqualified stock options and restricted stock may be granted periodically to certain employees. The Company accounts for stock-based compensation under the fair value recognition provisions whereby the fair value of the award at grant date is expensed over the award’s vesting period. Additionally, the Company estimates the number of awards for which it is probable that service will be rendered and adjusts compensation cost accordingly. Estimated forfeitures are subsequently adjusted to reflect actual forfeitures. For additional information on the Company’s stock-based employee compensation plans, see Note 15, “Employee Benefit Plans.”
Stock-Based Compensation
The Company provides stock-based awards through the 2009 Stock Plan (as amended and restated effective January 1, 2011) under which the Compensation Committee of the Board of Directors has the authority to grant stock options, restricted stock, and RSUs to key employees of the Company. Some awards may have performance or other conditions, such as vesting tied to the Company's total shareholder return relative to a peer group or vesting tied to the achievement of an absolute financial performance target. Under the 2009 Stock Plan, approximately 21 million shares of common stock are authorized and reserved for issuance, of which no more than 17 million shares may be issued as restricted stock or stock units. At December 31, 2013, 17,274,016 shares were available for grant, including 8,971,619 shares available to be issued as restricted stock.

Shares or units of restricted stock may be granted to employees and directors and typically cliff vest after three years. Restricted stock grants may be subject to one or more criteria, including employment, performance, or other conditions as established by the Compensation Committee at the time of grant. Any shares of restricted stock that are forfeited will again become available for issuance under the Stock Plan. An employee or director has the right to vote the shares of restricted stock after grant unless and until they are forfeited. Compensation cost for restricted stock is equal to the fair market value of the shares on the grant date of the award and is amortized to compensation expense over the vesting period. Dividends are paid on awarded but unvested restricted stock. We do not pay dividends on unvested RSU awards but instead accrue and reinvest them in equivalent shares of SunTrust common stock and pay them only if the underlying RSU award vests. Generally, RSU awards are classified as equity. During 2012, however, there were 574,257 RSUs granted that were classified as a liability because the grant date had not been achieved as defined under U.S. GAAP. They were granted with a fair value of $21.67 per unit on the grant date. The balance of these RSUs classified as a liability at December 31, 2013 and 2012 was $17 million and $12 million, respectively.

The fair value of each stock option award is estimated on the date of grant using a Black-Scholes option pricing model. The expected volatility represents the implied volatility of SunTrust stock. The expected term represents the period of time that the stock options granted are expected to be outstanding and is derived from historical data that is used to evaluate patterns such as stock option exercise and employee termination. Through the repurchase of preferred stock issued to the U.S. Treasury in the first quarter of 2011, the expected dividend yield was based on the current rate in effect at the grant date. Beginning in second quarter 2011, the Company began using the projected dividend to be paid as the dividend yield assumption. The risk-free interest rate is derived from the U.S. Treasury yield curve in effect at the time of grant based on the expected life of the option. Stock options are granted at an exercise price that is no less than the fair market value of a share of SunTrust common stock on the grant date and may be either tax-qualified incentive stock options or non-qualified stock options. Stock options typically vest pro-rata over three years and generally have a maximum contractual life of ten years. Upon exercise, shares are generally issued from treasury stock. The weighted average fair value of options granted during 2013, 2012, and 2011 were $7.37, $7.83, and $10.51 per share, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model based on the following assumptions:
 
Year Ended December 31
 
2013
 
2012
 
2011
Dividend yield
1.28
%
 
0.91
%
 
0.75
%
Expected stock price volatility
30.98

 
39.88

 
34.87

Risk-free interest rate (weighted average)
1.02

 
1.07

 
2.48

Expected life of options
6 years

 
6 years

 
6 years    

Compensation Related Costs, Policy [Policy Text Block] 
Employee Benefits

Employee benefits expense includes the net periodic benefit costs associated with the pension, supplemental retirement, and other postretirement benefit plans, as well as contributions under the defined contribution plan, the amortization of restricted stock, stock option awards, and costs of other employee benefits. For additional information on the Company's employee benefit plans, see Note 15, “Employee Benefit Plans.”
Foreign Currency Transactions and Translations Policy [Policy Text Block] 
Foreign Currency Transactions

Foreign denominated assets and liabilities resulting from foreign currency transactions are valued using period end foreign exchange rates and the associated interest income or expense is determined using approximate weighted average exchange rates for the period. The Company may elect to enter into foreign currency derivatives to mitigate its exposure to changes in foreign exchange rates. The derivative contracts are accounted for at fair value. Gains and losses resulting from such valuations are included in noninterest income in the Consolidated Statements of Income.
Fair Value of Financial Instruments, Policy [Policy Text Block] 
Fair Value

Certain assets and liabilities are measured at fair value on a recurring basis. Examples of these include derivative instruments, AFS and trading securities, certain LHFI and LHFS, certain issuances of long-term debt, brokered deposits, and MSR assets. Fair value is used on a non-recurring basis as a measurement basis either when assets are evaluated for impairment, the basis of accounting is LOCOM, or for disclosure purposes. Examples of these non-recurring uses of fair value include certain LHFS and LHFI, OREO, goodwill, intangible assets, certain cost or equity method investments and long-lived assets. 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. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value.

The Company applies the following fair value hierarchy:

•
Level 1 – Assets or liabilities valued using unadjusted quoted prices in active markets for identical assets or liabilities that the Company can access at the measurement date, such as publicly-traded instruments or futures contracts.

•
Level 2 – Assets and liabilities valued based on observable market data for similar instruments.

•
Level 3 – Assets or liabilities for which significant valuation assumptions are not readily observable in the market; instruments valued based on the best available data, some of which may be internally developed, and considers risk premiums that a market participant would require.

To determine the fair value measurement for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. If available, the Company looks to active and observable markets to price identical assets or liabilities. If identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Nevertheless, the Company uses alternative valuation techniques to derive a fair value measurement for those assets and liabilities that are either not actively traded in observable markets or for which market observable inputs are not available. For additional information on the Company’s valuation of its assets and liabilities held at fair value, see Note 18, “Fair Value Election and Measurement.”
Accounting Policies Recently Adopted and Pending Accounting Pronouncements 
Accounting Policies Recently Adopted and Pending Accounting Pronouncements
In December 2011, the FASB issued ASU 2011-11, "Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities." The ASU requires additional disclosures about financial instruments and derivative instruments that are offset or subject to an enforceable master netting arrangement or similar agreement. In January 2013, the FASB issued ASU 2013-01, “Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities”, which more narrowly defined the scope of financial instruments to only include derivatives, repurchase and reverse repurchase agreements, and securities borrowing and lending transactions. The Company adopted these ASUs at January 1, 2013, and the adoption did not have an impact on the Company's financial position, results of operations, or EPS. See Note 3, "Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell" and Note 16, "Derivative Financial Instruments."
In February 2013, the FASB issued ASU 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" which provides disclosure guidance on amounts reclassified out of AOCI by component. The Company adopted the ASU at January 1, 2013, and the adoption did not have an impact on the Company's financial position, results of operations, or EPS. See Note 21, "Accumulated Other Comprehensive Income."
In March 2013, the FASB issued ASU 2013-04, "Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the FASB Emerging Issues Task Force)." The ASU requires additional disclosures about joint and several liability arrangements and requires the Company to measure obligations resulting from joint and several liability arrangements as the sum of the amount the Company agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the Company expects to pay on behalf of its co-obligors. The ASU is effective for the fiscal years and interim periods beginning after December 15, 2013. The Company adopted the ASU at January 1, 2014 and the adoption did not have an impact on the Company's financial position, results of operations, or EPS.
In June 2013, the FASB issued ASU 2013-08, "Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements." The ASU clarifies the characteristics of an investment company and requires an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. The ASU is effective for the fiscal years and interim periods beginning after December 15, 2013. The Company adopted the ASU at January 1, 2014 and the adoption did not have a significant impact on the Company's financial position, results of operations, or EPS.

In July 2013, the FASB issued ASU 2013-10, “Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (a consensus of the Emerging Issues Task Force).” The ASU permits the Fed Funds Effective Swap Rate (OIS) to be used as a benchmark interest rate for hedge accounting purposes, in addition to U.S. Treasury rates, and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The ASU was effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of the ASU had no impact on the Company's current hedging relationships and, thus, no impact on the Company's financial position, results of operations, or EPS.

In July 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the Emerging Issues Task Force).” Prior to this ASU, U.S. GAAP did not include explicit guidance on the financial statement presentation of a UTB when a NOL carryforward, a similar tax loss, or a tax credit carryforward exists. The ASU requires, with limited exceptions, that a UTB, or a portion of a UTB, should be presented in the financial statements as a reduction to a DTA for a NOL carryforward, a similar tax loss, or a tax credit carryforward. The ASU is effective for fiscal years and interim periods beginning after December 15, 2013. As early adoption is permitted, the Company adopted this ASU upon issuance and applied it retrospectively as permitted. As this ASU only impacts financial statement presentation and related footnote disclosures, there is no impact on the Company's financial position, results of operations, or EPS.

In January 2014, the FASB issued ASU 2014-01, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force)." The ASU allows for use of the proportional amortization method for qualified affordable housing projects if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the tax credits and other tax benefits received and the net investment performance is recognized in the income statement as a component of income tax expense. The ASU provides for a practical expedient, which allows for amortization of only expected tax credits over the period tax credits are expected to be received. This method is permitted if it produces a measurement that is substantially similar to the measurement that would result from using both tax credits and other tax benefits. The ASU is effective for fiscal years and interim periods beginning after December 15, 2014. As early adoption is permitted, the Company adopted this ASU upon issuance and expects to use the practical expedient method. The standard is required to be applied retrospectively, therefore prior period amounts included in noninterest expense prior to adoption will be reclassified in prior period presentations during 2014. During the year ended December 31, 2013, prior to adoption, $49 million of initial investment costs were included in other noninterest expense in the Consolidated Statements of Income. No other impact is expected on the Company's financial position, results of operations, or EPS.

In January 2014, the FASB issued ASU 2014-04, "Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)." The update clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU is effective for fiscal years and interim periods beginning after December 15, 2014. The adoption of this ASU is not expected to have a significant impact on the Company's financial position, results of operations, or EPS.
Employee Benefit Plans Employee Benefits - Policies (Policies)
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]
Stock-Based Compensation

The Company sponsors stock plans under which incentive and nonqualified stock options and restricted stock may be granted periodically to certain employees. The Company accounts for stock-based compensation under the fair value recognition provisions whereby the fair value of the award at grant date is expensed over the award’s vesting period. Additionally, the Company estimates the number of awards for which it is probable that service will be rendered and adjusts compensation cost accordingly. Estimated forfeitures are subsequently adjusted to reflect actual forfeitures. For additional information on the Company’s stock-based employee compensation plans, see Note 15, “Employee Benefit Plans.”
Stock-Based Compensation
The Company provides stock-based awards through the 2009 Stock Plan (as amended and restated effective January 1, 2011) under which the Compensation Committee of the Board of Directors has the authority to grant stock options, restricted stock, and RSUs to key employees of the Company. Some awards may have performance or other conditions, such as vesting tied to the Company's total shareholder return relative to a peer group or vesting tied to the achievement of an absolute financial performance target. Under the 2009 Stock Plan, approximately 21 million shares of common stock are authorized and reserved for issuance, of which no more than 17 million shares may be issued as restricted stock or stock units. At December 31, 2013, 17,274,016 shares were available for grant, including 8,971,619 shares available to be issued as restricted stock.

Shares or units of restricted stock may be granted to employees and directors and typically cliff vest after three years. Restricted stock grants may be subject to one or more criteria, including employment, performance, or other conditions as established by the Compensation Committee at the time of grant. Any shares of restricted stock that are forfeited will again become available for issuance under the Stock Plan. An employee or director has the right to vote the shares of restricted stock after grant unless and until they are forfeited. Compensation cost for restricted stock is equal to the fair market value of the shares on the grant date of the award and is amortized to compensation expense over the vesting period. Dividends are paid on awarded but unvested restricted stock. We do not pay dividends on unvested RSU awards but instead accrue and reinvest them in equivalent shares of SunTrust common stock and pay them only if the underlying RSU award vests. Generally, RSU awards are classified as equity. During 2012, however, there were 574,257 RSUs granted that were classified as a liability because the grant date had not been achieved as defined under U.S. GAAP. They were granted with a fair value of $21.67 per unit on the grant date. The balance of these RSUs classified as a liability at December 31, 2013 and 2012 was $17 million and $12 million, respectively.

The fair value of each stock option award is estimated on the date of grant using a Black-Scholes option pricing model. The expected volatility represents the implied volatility of SunTrust stock. The expected term represents the period of time that the stock options granted are expected to be outstanding and is derived from historical data that is used to evaluate patterns such as stock option exercise and employee termination. Through the repurchase of preferred stock issued to the U.S. Treasury in the first quarter of 2011, the expected dividend yield was based on the current rate in effect at the grant date. Beginning in second quarter 2011, the Company began using the projected dividend to be paid as the dividend yield assumption. The risk-free interest rate is derived from the U.S. Treasury yield curve in effect at the time of grant based on the expected life of the option. Stock options are granted at an exercise price that is no less than the fair market value of a share of SunTrust common stock on the grant date and may be either tax-qualified incentive stock options or non-qualified stock options. Stock options typically vest pro-rata over three years and generally have a maximum contractual life of ten years. Upon exercise, shares are generally issued from treasury stock. The weighted average fair value of options granted during 2013, 2012, and 2011 were $7.37, $7.83, and $10.51 per share, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model based on the following assumptions:
 
Year Ended December 31
 
2013
 
2012
 
2011
Dividend yield
1.28
%
 
0.91
%
 
0.75
%
Expected stock price volatility
30.98

 
39.88

 
34.87

Risk-free interest rate (weighted average)
1.02

 
1.07

 
2.48

Expected life of options
6 years

 
6 years

 
6 years    

Acquisitions/Dispositions Acquisitions/Dispositions (Tables)
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
(Dollars in millions)
 
Date
 
Cash paid
 
Goodwill
 
Other Intangibles
 
Gain
 
Comments
2012
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition of assets of FirstAgain, LLC
 
6/22/2012
 

($12
)
 

$32

 

$—

 

$—

 
Goodwill recorded is tax-deductible.
2011
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition of certain additional assets of CSI Capital Management
 
5/9/2011
 
(19
)
 
20

 
7

 
—

 
Goodwill and intangibles  recorded are tax-deductible.

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell (Tables)
Schedule of Resale Agreements [Table Text Block] 
(Dollars in millions)
2013
 
2012
Fed funds sold

$75

 

$29

Securities borrowed
184

 
155

Resell agreements
724

 
917

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

$983

 

$1,101


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
December 31, 2013
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell
$908
 
$—
 
$908
1, 2 
$899
 

$9

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
1,759
 
—
 
1,759
1 
1,759
 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
Securities borrowed or purchased under agreements to resell
$1,072
 
$—
 
$1,072
1,2 
$1,069
 

$3

Financial liabilities:
 
 
 
 
 
 
 
 
 
Securities sold under agreements to repurchase
1,574
 
—
 
1,574
1 
1,574
 
—


1 None of the Company's repurchase and reverse repurchase transactions met the right of setoff criteria for net balance sheet presentation at December 31, 2013 and 2012.
2 Excludes $75 million and $29 million of Fed funds sold which are not subject to a master netting agreement at December 31, 2013 and 2012, respectively.
Trading Assets and Liabilities and Derivatives(Tables)
Trading Securities (and Certain Trading Assets) [Table Text Block] 
(Dollars in millions)
2013
 
2012
Trading Assets and Derivatives:
 
 
 
U.S. Treasury securities

$219

 

$111

Federal agency securities
426

 
462

U.S. states and political subdivisions
65

 
34

MBS - agency
323

 
432

CDO/CLO securities
57

 
55

ABS
6

 
36

Corporate and other debt securities
534

 
567

CP
29

 
28

Equity securities
109

 
100

Derivatives 1, 2
1,384

 
2,083

Trading loans 3
1,888

 
2,319

Total trading assets and derivatives

$5,040

 

$6,227

Trading Liabilities and Derivatives:
 
 
 
U.S. Treasury securities

$472

 

$582

Corporate and other debt securities
179

 
173

Equity securities
5

 
9

Derivatives 1, 2
525

 
412

Total trading liabilities and derivatives

$1,181

 

$1,176

1 Certain derivative assets of $37 million and derivative liabilities of $49 million are presented in trading assets and derivatives and trading liabilities and derivatives, respectively, at December 31, 2013. Previously, these derivative assets and liabilities were presented in other assets and other liabilities, respectively, in the Consolidated Balance Sheets. For comparative purposes, $178 million of derivative assets and $15 million of derivative liabilities have been reclassified to trading assets and derivatives and trading liabilities and derivatives, respectively, at December 31, 2012.
2 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.
3 Includes loans related to TRS.
Trading Assets and Liabilities and Derivatives [Text Block] 
NOTE 4 - TRADING ASSETS AND LIABILITIES AND DERIVATIVES

The fair values of the components of trading assets and liabilities and derivatives at December 31 were as follows:
(Dollars in millions)
2013
 
2012
Trading Assets and Derivatives:
 
 
 
U.S. Treasury securities

$219

 

$111

Federal agency securities
426

 
462

U.S. states and political subdivisions
65

 
34

MBS - agency
323

 
432

CDO/CLO securities
57

 
55

ABS
6

 
36

Corporate and other debt securities
534

 
567

CP
29

 
28

Equity securities
109

 
100

Derivatives 1, 2
1,384

 
2,083

Trading loans 3
1,888

 
2,319

Total trading assets and derivatives

$5,040

 

$6,227

Trading Liabilities and Derivatives:
 
 
 
U.S. Treasury securities

$472

 

$582

Corporate and other debt securities
179

 
173

Equity securities
5

 
9

Derivatives 1, 2
525

 
412

Total trading liabilities and derivatives

$1,181

 

$1,176

1 Certain derivative assets of $37 million and derivative liabilities of $49 million are presented in trading assets and derivatives and trading liabilities and derivatives, respectively, at December 31, 2013. Previously, these derivative assets and liabilities were presented in other assets and other liabilities, respectively, in the Consolidated Balance Sheets. For comparative purposes, $178 million of derivative assets and $15 million of derivative liabilities have been reclassified to trading assets and derivatives and trading liabilities and derivatives, respectively, at December 31, 2012.
2 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.
3 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 the trading instruments that are utilized for balance sheet management with appropriate risk management strategies. The size, volume, and nature of the trading products and derivative instruments can vary based on economic, client specific, and Company specific asset or liability conditions. Product offerings to clients include debt securities, loans traded in the secondary market, equity securities, derivative and foreign exchange contracts, and similar financial instruments. Other trading-related activities include acting as a market maker in certain debt and equity securities and related derivatives. The Company also uses end user derivatives to manage interest rate and market risk from non-trading activities. The Company has policies and procedures to manage market risk associated with client trading activities as well as non-trading activities and assumes a limited degree of market risk by managing the size and nature of its exposure. The Company has pledged $731 million and $727 million of certain trading securities to secure $717 million and $703 million of repurchase agreements at December 31, 2013 and 2012, respectively. Additionally, the Company has pledged $97 million and $86 million of certain trading securities to secure certain derivative agreements at December 31, 2013 and 2012, respectively.
Securities Available for Sale (Tables)
Securities Portfolio Composition 
 
December 31, 2013
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$1,334

 

$6

 

$47

 

$1,293

Federal agency securities
1,028

 
13

 
57

 
984

U.S. states and political subdivisions
232

 
7

 
2

 
237

MBS - agency
18,915

 
421

 
425

 
18,911

MBS - private
155

 
1

 
2

 
154

ABS
78

 
2

 
1

 
79

Corporate and other debt securities
39

 
3

 
—

 
42

Other equity securities1
841

 
1

 
—

 
842

Total securities AFS

$22,622

 

$454

 

$534

 

$22,542

 
 
 
 
 
 
 
 
 
December 31, 2012
(Dollars in millions)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities

$212

 

$10

 

$—

 

$222

Federal agency securities
1,987

 
85

 
3

 
2,069

U.S. states and political subdivisions
310

 
15

 
5

 
320

MBS - agency
17,416

 
756

 
3

 
18,169

MBS - private
205

 
4

 
—

 
209

ABS
214

 
5

 
3

 
216

Corporate and other debt securities
42

 
4

 
—

 
46

Other equity securities1
701

 
1

 
—

 
702

Total securities AFS

$21,087

 

$880

 

$14

 

$21,953

1 At December 31, 2013, other equity securities was comprised of the following: $336 million in FHLB of Atlanta stock, $402 million in Federal Reserve Bank stock, $103 million in mutual fund investments, and $1 million of other. At December 31, 2012, other equity securities was comprised of the following: $229 million in FHLB of Atlanta stock, $402 million in Federal Reserve Bank stock, $69 million in mutual fund investments, and $2 million of other.
Investment Income [Table Text Block] 
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
2011
Taxable interest

$537

 

$579


$688

Tax-exempt interest
10

 
15

21

Dividends1
32

 
61

82

Total interest and dividends

$579

 

$655


$791


1 Includes dividends on the Coke common stock of $31 million and $56 million, for the years ended December 31, 2012 and 2011, respectively.
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

$1

 

$645

 

$688

 

$—

 

$1,334

Federal agency securities
51

 
261

 
566

 
150

 
1,028

U.S. states and political subdivisions
102

 
66

 
21

 
43

 
232

MBS - agency
1,575

 
5,780

 
7,800

 
3,760

 
18,915

MBS - private
—

 
155

 
—

 
—

 
155

ABS
58

 
18

 
2

 
—

 
78

Corporate and other debt securities
—

 
22

 
17

 
—

 
39

Total debt securities

$1,787

 

$6,947

 

$9,094

 

$3,953

 

$21,781

Fair Value:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$1

 

$647

 

$645

 

$—

 

$1,293

Federal agency securities
51

 
271

 
518

 
144

 
984

U.S. states and political subdivisions
104

 
70

 
21

 
42

 
237

MBS - agency
1,665

 
5,969

 
7,756

 
3,521

 
18,911

MBS - private
—

 
154

 
—

 
—

 
154

ABS
57

 
20

 
2

 
—

 
79

Corporate and other debt securities
—

 
25

 
17

 
—

 
42

Total debt securities

$1,878

 

$7,156

 

$8,959

 

$3,707

 

$21,700

 Weighted average yield1
2.95
%
 
2.72
%
 
2.83
%
 
2.85
%
 
2.81
%
1Average yields are based on amortized cost and presented on a FTE basis.
Securities in a Continuous Unrealized Loss Position 
 
December 31, 2013
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized  
Losses
Temporarily impaired securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$1,036

 

$47

 

$—

 

$—

 

$1,036

 

$47

Federal agency securities
398

 
29

 
264

 
28

 
662

 
57

U.S. states and political subdivisions
12

 
—

 
20

 
2

 
32

 
2

MBS - agency
9,173

 
358

 
618

 
67

 
9,791

 
425

ABS
—

 
—

 
13

 
1

 
13

 
1

Total temporarily impaired securities
10,619

 
434

 
915

 
98

 
11,534

 
532

OTTI securities1:
 
 
 
 
 
 
 
 
 
 
 
MBS - private
105

 
2

 
—

 
—

 
105

 
2

Total OTTI securities
105

 
2

 
—

 
—

 
105

 
2

Total impaired securities

$10,724

 

$436

 

$915

 

$98

 

$11,639

 

$534


 
December 31, 2012
 
Less than twelve months
 
Twelve months or longer
 
Total
(Dollars in millions)
Fair
   Value   
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Temporarily impaired securities:
 
 
 
 
 
 
 
 
 
 
 
Federal agency securities

$298

 

$3

 

$—

 

$—

 

$298

 

$3

U.S. states and political subdivisions
1

 
—

 
24

 
5

 
25

 
5

MBS - agency
1,212

 
3

 
—

 
—

 
1,212

 
3

ABS
—

 
—

 
13

 
2

 
13

 
2

Total temporarily impaired securities
1,511

 
6

 
37

 
7

 
1,548

 
13

OTTI securities1:
 
 
 
 
 
 
 
 
 
 
 
ABS
—

 
—

 
3

 
1

 
3

 
1

Total OTTI securities
—

 
—

 
3

 
1

 
3

 
1

Total impaired securities

$1,511

 

$6

 

$40

 

$8

 

$1,551

 

$14

1Includes OTTI securities for which credit losses have been recorded in earnings in current or prior periods.
Gross Realized Gains and Losses on Sales and OTTI on Securities AFS 
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Gross realized gains

$39

 

$1,981

1 

$210

Gross realized losses
(36
)
 
—

 
(87
)
OTTI
(1
)
 
(7
)
 
(6
)
Net securities gains

$2

 

$1,974

 

$117


1 Included in this amount is $305 million in losses recognized during the year ended December 31, 2012 related to the termination of the Agreements that hedged the Coke common stock.
Other Than Temporary Impairment Losses On Investment Securities [Table Text Block] 
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
OTTI1

$—

 

$1

 

$2

Portion of gains/(losses) recognized in OCI (before taxes)
1

 
6

 
4

Net impairment losses recognized in earnings

$1

 

$7

 

$6

1 The initial OTTI amount represents the excess of the amortized cost over the fair value of AFS debt securities. For subsequent impairments of the same security, amount includes additional declines in the fair value subsequent to the previously recorded OTTI, if applicable, until such time the security is no longer in an unrealized loss position.
Rollforward of Credit Losses Recognized in Earnings Related to Securities 
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Balance, beginning of period

$31

 

$25

 

$20

Additions:
 
 
 
 
 
OTTI credit losses on previously impaired securities
1

 
7

 
6

Reductions:
 
 
 
 
 
Credit impaired securities sold, matured, or written off
(6
)
 
—

 
—

Increases in expected cash flows recognized over the remaining life of the securities
(1
)
 
(1
)
 
(1
)
Balance, end of period

$25

 

$31

 

$25


Measurement Of Investment Credit Losses Assumptions [Table Text Block] 
 
2013
 
2012
 
2011
Default rate
2 - 9%
 
2 - 9%
 
4 - 8%
Prepayment rate
7 - 21%
 
7 - 21%
 
12 - 22%
Loss severity
46 - 74%
 
40 - 56%
 
39 - 46%
Loans (Tables)
Composition of Loan Portfolio 
(Dollars in millions)
2013
 
2012
Commercial loans:
 
 
 
C&I

$57,974

 

$54,048

CRE
5,481

 
4,127

Commercial construction
855

 
713

Total commercial loans
64,310

 
58,888

Residential loans:
 
 
 
Residential mortgages - guaranteed
3,416

 
4,252

Residential mortgages - nonguaranteed 1
24,412

 
23,389

Home equity products
14,809

 
14,805

Residential construction
553

 
753

Total residential loans
43,190

 
43,199

Consumer loans:
 
 
 
Guaranteed student loans
5,545

 
5,357

Other direct
2,829

 
2,396

Indirect
11,272

 
10,998

Credit cards
731

 
632

Total consumer loans
20,377

 
19,383

LHFI 2

$127,877

 

$121,470

LHFS

$1,699

 

$3,399

1 Includes $302 million and $379 million of loans carried at fair value at December 31, 2013 and 2012, respectively.
2 Loans are presented net of unearned income, unamortized discounts and premiums, and net deferred loan costs of $739 million and $805 million at December 31, 2013 and 2012, respectively.

LHFI by Credit Quality Indicator 
 
Commercial Loans
 
C&I
 
CRE
 
Commercial construction
(Dollars in millions)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Credit rating:
 
 
 
 
 
 
 
 
 
 
 
Pass

$56,443

 

$52,292

 

$5,245

 

$3,564

 

$798

 

$506

Criticized accruing
1,335

 
1,562

 
197

 
497

 
45

 
173

Criticized nonaccruing
196

 
194

 
39

 
66

 
12

 
34

Total

$57,974

 

$54,048

 

$5,481

 

$4,127

 

$855

 

$713

 
Residential Loans 1
 
Residential mortgages -
nonguaranteed
 
Home equity products
 
Residential construction
(Dollars in millions)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$19,100

 

$17,410

 

$11,661

 

$11,339

 

$423

 

$561

620 - 699
3,652

 
3,850

 
2,186

 
2,297

 
90

 
123

Below 6202
1,660

 
2,129

 
962

 
1,169

 
40

 
69

Total

$24,412

 

$23,389

 

$14,809

 

$14,805

 

$553

 

$753

 
Consumer Loans 3
 
Other direct
 
Indirect
 
Credit cards
(Dollars in millions)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Current FICO score range:
 
 
 
 
 
 
 
 
 
 
 
700 and above

$2,370

 

$1,980

 

$8,420

 

$8,300

 

$512

 

$435

620 - 699
397

 
350

 
2,228

 
2,038

 
176

 
152

Below 6202
62

 
66

 
624

 
660

 
43

 
45

Total

$2,829

 

$2,396

 

$11,272

 

$10,998

 

$731

 

$632


1 Excludes $3.4 billion and $4.3 billion at December 31, 2013 and 2012, respectively, of guaranteed residential loans. At December 31, 2013 and 2012, the majority of these loans had FICO scores of 700 and above.
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 $5.5 billion and $5.4 billion at December 31, 2013 and 2012, respectively, of guaranteed student loans
Payment Status for the LHFI Portfolio 
 
December 31, 2013
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$57,713

 

$47

 

$18

 

$196

 

$57,974

CRE
5,430

 
5

 
7

 
39

 
5,481

Commercial construction
842

 
1

 
—

 
12

 
855

Total commercial loans
63,985

 
53

 
25

 
247

 
64,310

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
2,787

 
58

 
571

 
—

 
3,416

Residential mortgages - nonguaranteed1
23,808

 
150

 
13

 
441

 
24,412

Home equity products
14,480

 
119

 
—

 
210

 
14,809

Residential construction
488

 
4

 
—

 
61

 
553

Total residential loans
41,563

 
331

 
584

 
712

 
43,190

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student loans
4,475

 
461

 
609

 
—

 
5,545

Other direct
2,803

 
18

 
3

 
5

 
2,829

Indirect
11,189

 
75

 
1

 
7

 
11,272

Credit cards
718

 
7

 
6

 
—

 
731

Total consumer loans
19,185

 
561

 
619

 
12

 
20,377

Total LHFI

$124,733

 

$945

 

$1,228

 

$971

 

$127,877

1 Includes $302 million of loans carried at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $653 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, 2012
(Dollars in millions)
Accruing
Current
 
Accruing
30-89 Days
Past Due
 
Accruing
90+ Days
Past Due
 
 Nonaccruing 2
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I

$53,747

 

$81

 

$26

 

$194

 

$54,048

CRE
4,050

 
11

 
—

 
66

 
4,127

Commercial construction
679

 
—

 
—

 
34

 
713

Total commercial loans
58,476

 
92

 
26

 
294

 
58,888

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - guaranteed
3,523

 
39

 
690

 
—

 
4,252

Residential mortgages - nonguaranteed1
22,401

 
192

 
21

 
775

 
23,389

Home equity products
14,314

 
149

 
1

 
341

 
14,805

Residential construction
625

 
15

 
1

 
112

 
753

Total residential loans
40,863

 
395

 
713

 
1,228

 
43,199

Consumer loans:
 
 
 
 
 
 
 
 
 
Guaranteed student loans
4,769

 
556

 
32

 
—

 
5,357

Other direct
2,372

 
15

 
3

 
6

 
2,396

Indirect
10,909

 
68

 
2

 
19

 
10,998

Credit cards
619

 
7

 
6

 
—

 
632

Total consumer loans
18,669

 
646

 
43

 
25

 
19,383

Total LHFI

$118,008

 

$1,133

 

$782

 

$1,547

 

$121,470

1 Includes $379 million of loans carried at fair value, the majority of which were accruing current.
2 Nonaccruing loans past due 90 days or more totaled $975 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 
 
December 31, 2013
 
December 31, 2012
(Dollars in millions)
Unpaid
Principal
Balance
 
Amortized   
Cost1
 
Related
Allowance
 
Unpaid
Principal
Balance
 
Amortized   
Cost1
 
Related
Allowance
Impaired loans with no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I

$81

 

$56

 

$—

 

$59

 

$40

 

$—

CRE
61

 
60

 
—

 
6

 
5

 
—

Commercial construction
—

 
—

 
—

 
45

 
45

 
—

Total commercial loans
142

 
116

 
—

 
110

 
90

 
—

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I
51

 
49

 
10

 
46

 
38

 
6

CRE
8

 
3

 
—

 
15

 
7

 
1

Commercial construction
6

 
3

 
—

 
5

 
3

 
—

Total commercial loans
65

 
55

 
10

 
66

 
48

 
7

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
2,357

 
2,051

 
226

 
2,346

 
2,046

 
234

Home equity products
710

 
638

 
96

 
661

 
612

 
88

Residential construction
241

 
189

 
23

 
259

 
201

 
26

Total residential loans
3,308

 
2,878

 
345

 
3,266

 
2,859

 
348

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
Other direct
14

 
14

 
—

 
14

 
14

 
2

Indirect
83

 
83

 
5

 
46

 
46

 
2

Credit cards
13

 
13

 
3

 
21

 
21

 
5

Total consumer loans
110

 
110

 
8

 
81

 
81

 
9

Total impaired loans

$3,625

 

$3,159

 

$363

 

$3,523

 

$3,078

 

$364


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 were $2.7 billion and $2.4 billion of accruing TDRs, at amortized cost, at December 31, 2013 and 2012, respectively, of which 96% and 95% were current, respectively. See Note 1, “Significant Accounting Policies,” for further information regarding the Company’s loan impairment policy.




 
Year Ended December 31
 
2013
 
2012
 
2011
(Dollars in millions)
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

$75

 

$1

 

$48

 

$1

 

$109

 

$3

CRE
60

 
2

 
9

 
—

 
56

 
1

Commercial construction
—

 
—

 
45

 
1

 
47

 
1

Total commercial loans
135

 
3

 
102

 
2

 
212

 
5

Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
C&I
45

 
1

 
51

 
1

 
68

 
1

CRE
3

 
—

 
9

 
—

 
103

 
2

Commercial construction
5

 
—

 
4

 
—

 
121

 
2

Total commercial loans
53

 
1

 
64

 
1

 
292

 
5

Residential loans:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
2,025

 
94

 
2,063

 
83

 
2,451

 
88

Home equity products
649

 
23

 
627

 
26

 
528

 
23

Residential construction
193

 
11

 
209

 
10

 
229

 
8

Total residential loans
2,867

 
128

 
2,899

 
119

 
3,208

 
119

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
Other direct
15

 
1

 
15

 
1

 
13

 
1

Indirect
89

 
4

 
50

 
2

 
—

 
—

Credit cards
16

 
1

 
24

 
2

 
26

 
2

Total consumer loans
120

 
6

 
89

 
5

 
39

 
3

Total impaired loans

$3,175

 

$138

 

$3,154

 

$127

 

$3,751

 

$132

1 Of the interest income recognized during the year ended December 31, 2013, 2012, and 2011, cash basis interest income was $10 million, $18 million, and $25 million, respectively.
Nonperforming Assets 
(Dollars in millions)
2013
 
2012
Nonaccrual/NPLs:
 
 
 
Commercial loans:
 
 
 
C&I

$196

 

$194

CRE
39

 
66

Commercial construction
12

 
34

Residential loans:
 
 
 
Residential mortgages - nonguaranteed
441

 
775

Home equity products
210

 
341

Residential construction
61

 
112

Consumer loans:
 
 
 
Other direct
5

 
6

Indirect
7

 
19

Total nonaccrual/NPLs2
971

 
1,547

OREO1
170

 
264

Other repossessed assets
7

 
9

Nonperforming LHFS
17

 
37

Total NPAs

$1,165

 

$1,857

1 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 $88 million and $140 million at December 31, 2013 and 2012, respectively.
2 Nonaccruing restructured loans are included in total nonaccrual/NPLs.

Troubled Debt Restructurings on Financing Receivables [Table Text Block] 
 
 
 
 
 
 
 
 
 
 
 
20131
(Dollars in millions)
Number of Loans Modified
 
Principal
 Forgiveness 2
 
Rate
 Modification 3
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
152
 

$18

 

$2

 

$105

 

$125

CRE
6
 
—

 
3

 
1

 
4

Commercial construction
1
 
—

 
—

 
—

 
—

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
1,584
 
1

 
166

 
94

 
261

Home equity products
2,630
 
—

 
71

 
75

 
146

Residential construction
259
 
—

 
24

 
3

 
27

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
140
 
—

 
1

 
3

 
4

Indirect
3,409
 
—

 
—

 
65

 
65

Credit cards
593
 
—

 
3

 
—

 
3

Total TDRs
8,774
 

$19

 

$270

 

$346

 

$635

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 the year ended December 31, 2013 was $2 million.
3 Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year ended December 31, 2013.
 
 
 
 
 
 
 
 
 
 

 
20121
(Dollars in millions)
Number of Loans Modified
 
Principal
 Forgiveness 2
 
Rate
 Modification 3
 
Term Extension and/or Other Concessions 4
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
358
 

$5

 

$4

 

$23

 

$32

CRE
33
 
20

 
7

 
6

 
33

Commercial construction
16
 
4

 
—

 
14

 
18

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
2,804
 
—

 
72

 
125

 
197

Home equity products
3,790
 
—

 
110

 
91

 
201

Residential construction
564
 
—

 
1

 
73

 
74

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
127
 
—

 
—

 
4

 
4

Indirect
2,803
 
—

 
—

 
49

 
49

Credit cards
1,421
 
—

 
8

 
—

 
8

Total TDRs
11,916
 

$29

 

$202

 

$385

 

$616

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 the year ended December 31, 2012, was $9 million.
3 Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year ended December 31, 2012.
4 4,231 of the residential loans, with an amortized cost of $201 million at December 31, 2012, relate to loans discharged in Chapter 7 bankruptcy that were reclassified as TDRs during 2012.


 
20111
(Dollars in millions)
Number of Loans Modified
 
Principal
 Forgiveness 2
 
Rate
 Modification 3
 
Term Extension and/or Other Concessions
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
C&I
510
 

$28

 

$45

 

$55

 

$128

CRE
43
 
40

 
26

 
22

 
88

Commercial construction
102
 
38

 
8

 
97

 
143

Residential loans:
 
 
 
 
 
 
 
 
 
Residential mortgages - nonguaranteed
967
 
—

 
233

 
16

 
249

Home equity products
1,737
 
—

 
134

 
6

 
140

Residential construction
367
 
—

 
17

 
36

 
53

Consumer loans:
 
 
 
 
 
 
 
 
 
Other direct
78
 
—

 
1

 
3

 
4

Credit cards
2,468
 
—

 
14

 
—

 
14

Total TDRs
6,272
 

$106

 

$478

 

$235

 

$819

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 the year ended December 31, 2011, was $17 million.
3 Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the year ended December 31, 2011.

TroubledDebtRestructuingDefault [Table Text Block] 
For the year ended December 31, 2013, the table below represents defaults on loans that were first modified between the periods January 1, 2012 and December 31, 2013, that became 90 days or more delinquent or were charged-off during 2013.
 
Year Ended December 31, 2013
(Dollars in millions)
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
C&I
55
 

$5

CRE
5
 
3

Commercial construction
1
 
—

Residential loans:
 
 
 
Residential mortgages
287
 
23

Home equity products
188
 
10

Residential construction
48
 
3

Consumer loans:
 
 
 
Other direct
15
 
1

Indirect
207
 
2

Credit cards
169
 
1

Total TDRs
975
 

$48




For the year ended December 31, 2012, the table below represents defaults on loans that were first modified between the periods January 1, 2011 and December 31, 2012, that became 90 days or more delinquent or were charged-off during 2012.
 
Year Ended December 31, 2012
(Dollars in millions)
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
C&I
84
 

$5

CRE
9
 
5

Commercial construction
10
 
7

Residential loans:
 
 
 
Residential mortgages
141
 
20

Home equity products
164
 
11

Residential construction
24
 
3

Consumer loans:
 
 
 
Other direct
4
 
—

Indirect
43
 
—

Credit cards
204
 
1

Total TDRs
683
 

$52




For the year ended December 31, 2011, the table below represents defaults on loans that were first modified between the periods January 1, 2010 and December 31, 2011, that became 90 days or more delinquent or were charged-off during 2011.
 
Year Ended December 31, 2011
(Dollars in millions)
Number of Loans
 
Amortized Cost
Commercial loans:
 
 
 
C&I
71
 

$14

CRE
14
 
22

Commercial construction
32
 
28

Residential loans:
 
 
 
Residential mortgages
455
 
108

Home equity products
220
 
22

Residential construction
33
 
7

Consumer loans:
 
 
 
Other direct
10
 
—

Credit cards
403
 
3

Total TDRs
1,238
 

$204

Allowance for Credit Losses (Tables)
Activity in the Allowance for Credit Losses 
(Dollars in millions)
2013
 
2012
 
2011
Balance at beginning of period

$2,219

 

$2,505

 

$3,032

Provision for loan losses
548

 
1,398

 
1,523

Provision/(benefit) for unfunded commitments
5

 
(3
)
 
(10
)
Loan charge-offs
(869
)
 
(1,907
)
 
(2,241
)
Loan recoveries
191

 
226

 
201

Balance at end of period

$2,094

 

$2,219

 

$2,505

 
 
 
 
 
 
Components:
 
 
 
 
 
ALLL

$2,044

 

$2,174

 

$2,457

Unfunded commitments reserve1
50

 
45

 
48

Allowance for credit losses

$2,094

 

$2,219

 

$2,505

1 The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.
Activity in the ALLL by Segment 
 
 
 
 
 
 
 
 
 
2013
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance at beginning of period

$902

 

$1,131

 

$141

 

$2,174

Provision for loan losses
197

 
243

 
108

 
548

Loan charge-offs
(219
)
 
(531
)
 
(119
)
 
(869
)
Loan recoveries
66

 
87

 
38

 
191

Balance at end of period

$946

 

$930

 

$168

 

$2,044

 
 
 
 
 
 
 
 
 
2012
(Dollars in millions)
Commercial
 
Residential
 
Consumer
 
Total
Balance at beginning of period

$964

 

$1,354

 

$139

 

$2,457

Provision for loan losses
241

 
1,062

 
95

 
1,398

Loan charge-offs
(457
)
 
(1,316
)
 
(134
)
 
(1,907
)
Loan recoveries
154

 
31

 
41

 
226

Balance at end of period

$902

 

$1,131

 

$141

 

$2,174

Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses 
 
December 31, 2013
 
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

$171

 

$10

 

$2,878

 

$345

 

$110

 

$8

 

$3,159

 

$363

Collectively evaluated
64,139

 
936

 
40,010

 
585

 
20,267

 
160

 
124,416

 
1,681

Total evaluated
64,310

 
946

 
42,888

 
930

 
20,377

 
168

 
127,575

 
2,044

LHFI at fair value
—

 
—

 
302

 
—

 
—

 
—

 
302

 
—

Total LHFI

$64,310

 

$946

 

$43,190

 

$930

 

$20,377

 

$168

 

$127,877

 

$2,044

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
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

$138

 

$7

 

$2,859

 

$348

 

$81

 

$9

 

$3,078

 

$364

Collectively evaluated
58,750

 
895

 
39,961

 
783

 
19,302

 
132

 
118,013

 
1,810

Total evaluated
58,888

 
902

 
42,820

 
1,131

 
19,383

 
141

 
121,091

 
2,174

LHFI at fair value
—

 
—

 
379

 
—

 
—

 
—

 
379

 
—

Total LHFI

$58,888

 

$902

 

$43,199

 

$1,131

 

$19,383

 

$141

 

$121,470

 

$2,174

Premises and Equipment (Tables)
Premises and Equipment Table 
 
 
 
 
 
 
(Dollars in millions)
Useful Life
 
2013
 
2012
Land
Indefinite
 

$345

 

$349

Buildings and improvements
2 - 40 years
 
1,045

 
1,041

Leasehold improvements
1 - 30 years
 
609

 
622

Furniture and equipment
1 - 20 years
 
1,399

 
1,357

Construction in progress
 
 
206

 
111

Total premises and equipment
 
 
3,604

 
3,480

Less: Accumulated depreciation and amortization
 
 
2,039

 
1,916

Premises and equipment, net
 
 

$1,565

 

$1,564

Operating Leases of Lessee Disclosure [Table Text Block] 
 
 
 
 
(Dollars in millions)
Operating
Leases
 
Capital
Leases
2014

$208

 

$2

2015
196

 
2

2016
190

 
2

2017
171

 
2

2018
91

 
2

Thereafter
354

 
3

Total minimum lease payments

$1,210

 
13

Less: Amounts representing interest
 
 
3

Present value of net minimum lease payments
 
 

$10

Goodwill and Other Intangible Assets (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
 
 
Schedule of Goodwill [Table Text Block]
 
Text Block 
Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block]
 
Text Block 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Text Block 
 
Key Characteristics, Inputs, and Economic Assumptions Used to Estimate the Fair Value of the Company's MSRs
 
Text Block 
Schedule of Goodwill [Table Text Block] 
(Dollars in millions)
Retail
Banking
 
Diversified
Commercial
Banking
 
CIB
 
W&IM
 
Consumer Banking and Private Wealth Management
 
Wholesale Banking
 
Total
Balance, January 1, 2013

$—

 

$—

 

$—

 

$—

 

$3,962

 

$2,407

 

$6,369

Intersegment transfers
—

 
—

 
—

 
—

 
300

 
(300
)
 
—

Balance, December 31, 2013

$—

 

$—

 

$—

 

$—

 

$4,262

 

$2,107

 

$6,369

Balance, January 1, 2012

$4,854

 

$928

 

$180

 

$382

 

$—

 

$—

 

$6,344

Intersegment transfers
(4,854
)
 
(928
)
 
(180
)
 
(382
)
 
3,930

 
2,414

 
—

Acquisition of FirstAgain, LLC
—

 
—

 
—

 
—

 
32

 
—

 
32

Impairment of GenSpring
—

 
—

 
—

 
—

 
—

 
(7
)
 
(7
)
Balance, December 31, 2012

$—

 

$—

 

$—

 

$—

 

$3,962

 

$2,407

 

$6,369

Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block] 
(Dollars in millions)
Core Deposit
Intangibles
 
 MSRs -
Fair Value
 
Other
 
Total
Balance, January 1, 2013

$17

 

$899

 

$40

 

$956

Amortization
(13
)
 
—

 
(10
)
 
(23
)
MSRs originated
—

 
352

 
—

 
352

Changes in fair value:
 
 
 
 
 
 
 
Due to changes in inputs and assumptions 1
—

 
302

 
—

 
302

Other changes in fair value 2
—

 
(252
)
 
—

 
(252
)
Sale of MSRs
—

 
(1
)
 
—

 
(1
)
Balance, December 31, 2013

$4

 

$1,300

 

$30

 

$1,334

Balance, January 1, 2012

$38

 

$921

 

$58

 

$1,017

Amortization
(21
)
 
—

 
(18
)
 
(39
)
MSRs originated
—

 
336

 
—

 
336

Changes in fair value:
 
 
 
 
 
 
 
Due to changes in inputs and assumptions 1
—

 
(112
)
 
—

 
(112
)
Other changes in fair value 2
—

 
(241
)
 
—

 
(241
)
Sale of MSRs
—

 
(5
)
 
—

 
(5
)
Balance, December 31, 2012

$17

 

$899

 

$40

 

$956

1 Primarily reflects changes in discount rates and prepayment speed assumptions, due to changes in interest rates.
2 Represents changes due to the collection of expected cash flows, net of accretion, due to the passage of time.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] 
 
 
 
 
 
 
(Dollars in millions)
Core Deposit
Intangibles
 
Other
 
Total
2014

$4

 

$7

 

$11

2015
—

 
5

 
5

2016
—

 
2

 
2

2017
—

 
2

 
2

2018
—

 
2

 
2

Thereafter
—

 
3

 
3

Total 1

$4

 

$21

 

$25


1 Estimated future amortization expense is less than the intangible asset balance at December 31, 2013, due to the anticipated sale of RidgeWorth, including its intangible assets, in 2014. See additional discussion of the planned sale in Note 20, “Business Segment Reporting.” 
Key Characteristics, Inputs, and Economic Assumptions Used to Estimate the Fair Value of the Company's MSRs 
(Dollars in millions)
December 31, 2013
 
December 31, 2012
Fair value of retained MSRs

$1,300

 

$899

Prepayment rate assumption (annual)
8
%
 
16
%
Decline in fair value from 10% adverse change

$38

 

$50

Decline in fair value from 20% adverse change
74

 
95

Discount rate (annual)
12
%
 
11
%
Decline in fair value from 10% adverse change

$66

 

$37

Decline in fair value from 20% adverse change
126

 
70

Weighted-average life (in years)
7.7

 
4.9

Weighted-average coupon
4.4
%
 
4.8
%
Certain Transfers of Financial Assets and Variable Interest Entities (Tables)
Asset Transfers in Which the Company has Continuing Economic Involvement 
(Dollars in millions)
2013
 
2012
 
2011
Cash flows on interests held1:
 
 
 
 
 
  Residential Mortgage Loans2

$32

 

$27

 

$48

  Commercial and Corporate Loans
1

 
1

 
1

  CDO Securities
3

 
2

 
2

    Total cash flows on interests held

$36

 

$30

 

$51

Servicing or management fees1:
 
 
 
 
 
  Residential Mortgage Loans2

$2

 

$3

 

$3

  Commercial and Corporate Loans
9

 
10

 
10

    Total servicing or management fees

$11

 

$13

 

$13


1 The transfer activity is related to unconsolidated VIEs.
2 Does not include GSE mortgage loan transfers
Portfolio Balances and Delinquency Balances Based on 90 Days or More Past Due and Net Charge-offs Related to Managed Portfolio Loans 
 
Portfolio Balance1
 
Past Due2
 
Net Charge-offs
 
December 31, 2013
 
December 31, 2012
 
December 31, 2013
 
December 31, 2012
 
Year Ended December 31
 
(Dollars in millions)
 
2013
 
2012
Type of loan:
 
 
 
 
 
 
 
 
 
 
 
Commercial

$64,310

 

$58,888

 

$272

 

$320

 

$153

 

$303

Residential
43,190

 
43,199

 
1,296

 
1,941

 
444

 
1,285

Consumer
20,377

 
19,383

 
631

 
68

 
81

 
93

Total loan portfolio
127,877

 
121,470

 
2,199

 
2,329

 
678

 
1,681

Managed securitized loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial
1,617

 
1,767

 
29

 
23

 
—

 
—

Residential
100,695

 
104,877

 
493

3 
2,186

3 
23

 
30

Total managed loans

$230,189

 

$228,114

 

$2,721

 

$4,538

 

$701

 

$1,711


1Excludes $1.7 billion and $3.4 billion of LHFS at December 31, 2013 and 2012, respectively.
2Excludes $17 million and $38 million of past due LHFS at December 31, 2013 and 2012, respectively.
3Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).
Borrowings and Contractual Commitments (Tables)
Schedule of Short-term Debt [Table Text Block] 
 
 
 
 
 
 
 
 
 
2013
 
2012
(Dollars in millions)
Balance
 
Interest Rate
 
Balance
 
Interest Rate
FHLB advances

$4,000

 
0.21
%
 

$1,500

 
0.34
%
Master notes
1,554

 
0.28

 
1,512

 
0.30

Dealer collateral
232

 
0.10

 
282

 
0.17

Other
2

 
2.70

 
9

 
2.70

Total other short-term borrowings

$5,788

 
 
 

$3,303

 
 
Schedule of Long-term Debt Instruments [Table Text Block] 
 
 
 
 
 
 
 
 
(Dollars in millions)
2013
 
2012
 
Interest Rates
 
Maturities
Parent Company Only
 
 
 
 
 
 
 
Senior, fixed rate

$3,001

 

$2,270

 
1.00% - 6.05%
 
2014 - 2028
Senior, variable rate
283

 
152

 
0.39 - 3.25
 
2015 - 2019
Subordinated, fixed rate
200

 
200

 
6.00
 
2026
Junior subordinated, variable rate
627

 
627

 
0.89 - 1.23
 
2027 - 2028
Total Parent Company debt (excluding intercompany
of $160 at December 31, 2013 and 2012)
4,111

 
3,249

 
 
 
 
Subsidiaries
 
 
 
 
 
 
 
Senior, fixed rate 1
1,006

 
426

 
0.00 - 9.65
 
2014 - 2053
Senior, variable rate 2
3,783

 
3,846

 
0.36 - 6.98
 
2015 - 2043
Subordinated, fixed rate 3
1,300

 
1,336

 
5.00 - 7.25
 
2015 - 2020
Subordinated, variable rate
500

 
500

 
0.53 - 0.55
 
2015
Total subsidiaries debt
6,589

 
6,108

 
 
 
 
Total long-term debt

$10,700

 

$9,357

 
 
 
 

1 Includes leases and other obligations that do not have a stated interest rate.
2 Includes $256 million and $286 million of debt recorded at fair value at December 31, 2013 and 2012, respectively.
3 Debt recorded at fair value.
Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block] 
 
 
(Dollars in millions)
1 year or less
 
1-3 years
 
3-5 years
 
After 5 years
 
Total
Operating lease obligations

$208

 

$386

 

$262

 

$354

 

$1,210

Capital lease obligations 1
1

 
3

 
4

 
2

 
10

Purchase obligations 2
284

 
65

 
31

 
8

 
388

Total

$493

 

$454

 

$297

 

$364

 

$1,608

1 Amounts do not include accrued interest.
2 Represents aggregation of termination fees on legally binding contracts to purchase goods or services that have a minimum termination fee of $5 million or more. Amounts paid under these contracts totaled $194 million during 2013; however, there is no minimum annual payment other than termination fees required.
Net Income/(Loss) Per Common Share (Tables)
Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders
 
Year Ended December 31
(In millions, except per share data)
2013
 
2012
 
2011
Net income

$1,344

 

$1,958

 

$647

Preferred dividends
(37
)
 
(12
)
 
(7
)
Dividends and accretion of discount on preferred stock
issued to the U.S. Treasury
—

 
—

 
(66
)
Accelerated accretion associated with repurchase of preferred stock
issued to the U.S. Treasury
—

 
—

 
(74
)
Dividends and undistributed earnings allocated to unvested shares
(10
)
 
(15
)
 
(5
)
Net income available to common shareholders

$1,297

 

$1,931

 

$495

Average basic common shares
534

 
534

 
524

Effect of dilutive securities:
 
 
 
 
 
Stock options
1

 
1

 
2

Restricted stock and warrants
4

 
3

 
2

Average diluted common shares
539

 
538

 
528

Net income per average common share - diluted

$2.41

 

$3.59

 

$0.94

Net income per average common share - basic

$2.43

 

$3.62

 

$0.94

Capital (Tables)
Assets Subject to Regulatory Capital Requirements 
 
 
 
 
 
 
 
 
 
2013
 
2012
(Dollars in millions)
Amount      
 
Ratio      
 
Amount      
 
Ratio      
SunTrust Banks, Inc.
 
 
 
 
 
 
 
Tier 1 common

$14,602

 
9.82
%
 
$13,509
 
10.04
%
Tier 1 capital
16,073

 
10.81

 
14,975

 
11.13

Total capital
19,052

 
12.81

 
18,131

 
13.48

Tier 1 leverage
 
 
9.58

 
 
 
8.91

SunTrust Bank
 
 
 
 
 
 
 
Tier 1 capital

$16,059

 
10.96
%
 
$15,121
 
11.38
%
Total capital
18,810

 
12.84

 
18,056

 
13.59

Tier 1 leverage
 
 
9.78

 
 
 
9.23

Preferred Stock 
 
 
 
 
 
(Dollars in millions)
 
2013
 
2012
Series A (1,725 shares outstanding)
 

$172

 

$172

Series B (1,025 shares outstanding)
 
103

 
103

Series E (4,500 shares outstanding)
 
450

 
450

Total preferred stock
 

$725

 

$725

Income Taxes (Tables)
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] 
(Dollars in millions)
 
2013
 
2012
 
2011
Current income tax (benefit)/expense:
 
 
 
 
 
 
Federal
 

($206
)
 

$553

 

($4
)
State
 
(16
)
 
26

 
—

Total
 

($222
)
 

$579

 

($4
)
Deferred income tax expense/(benefit):
 
 
 
 
 
 
Federal
 

$444

 

$229

 

$81

State
 
51

 
(35
)
 
2

Total
 
495

 
194

 
83

Total income tax expense
 

$273

 

$773

 

$79

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] 
 
 
2013
 
2012
 
2011
(Dollars in millions)
 
Amount
 
Percent of
Pre-Tax
Income
 
Amount
 
Percent of
Pre-Tax
Income
 
Amount
 
Percent of
Pre-Tax
Income
Income tax expense at federal statutory rate
 

$566

 
35.0
 %
 

$956

 
35.0
 %
 

$254

 
35.0
 %
Increase (decrease) resulting from:
 
 
 
 
 
 
 
 
 
 
 
 
State income taxes, net
 
20

 
1.2

 
(9
)
 
(0.3
)
 
1

 
0.1

Tax-exempt interest
 
(80
)
 
(4.9
)
 
(77
)
 
(2.8
)
 
(72
)
 
(9.9
)
Internal restructuring
 
(343
)
 
(21.3
)
 
—

 
—

 
—

 
—

Changes in UTBs (including interest), net
 
152

 
9.4

 
1

 
—

 
1

 
0.1

Income tax credits
 
(84
)
 
(5.2
)
 
(83
)
 
(3.0
)
 
(88
)
 
(12.1
)
Non-deductible expenses
 
49

 
3.1

 
16

 
0.6

 
6

 
0.8

Dividends received deduction
 
(1
)
 
—

 
(8
)
 
(0.3
)
 
(14
)
 
(1.9
)
Other
 
(6
)
 
(0.4
)
 
(23
)
 
(0.9
)
 
(9
)
 
(1.2
)
Total income tax expense and rate
 

$273

 
16.9
 %
 

$773

 
28.3
 %
 

$79

 
10.9
 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] 
(Dollars in millions)
 
2013
 
2012
DTAs:
 
 
 
 
ALLL
 

$795

 

$861

Accrued expenses
 
463

 
685

State NOL and other carryforwards
 
208

 
169

Net unrealized losses in AOCI
 
153

 
—

Other
 
131

 
173

Total gross DTAs
 
1,750

 
1,888

Valuation allowance
 
(102
)
 
(56
)
Total DTAs
 

$1,648

 

$1,832

DTLs:
 
 
 
 
Leasing
 

$804

 

$786

Net unrealized gains in AOCI
 
—

 
197

Compensation and employee benefits
 
97

 
74

MSRs
 
566

 
623

Loans
 
98

 
72

Goodwill and intangible assets
 
151

 
141

Fixed assets
 
153

 
196

Other
 
53

 
62

Total DTLs
 

$1,922

 

$2,151

Net DTL
 

($274
)
 

($319
)
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] 
(Dollars in millions)
2013
 
2012
Balance at January 1

$137

 

$133

Increases in UTBs related to prior years
4

 
1

Decreases in UTBs related to prior years
(10
)
 
(2
)
Increases in UTBs related to the current year
171

 
45

Decreases in UTBs related to settlements
(2
)
 
(34
)
Decreases in UTBs related to lapse of the applicable statutes of limitations
(9
)
 
(6
)
Balance at December 31

$291

 

$137

Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Employee Benefit Plans [Abstract]
 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Text Block 
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
Text Block 
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Text Block 
 
Stock-Based Compensation Expense Recognized in Noninterest Expense
Text Block 
 
Postretirement Benefit Obligation [Table Text Block]
Text Block 
 
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
Text Block 
 
Schedule of Assumptions Used [Table Text Block]
Text Block 
 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
Text Block 
 
Net Pension Plan Assets at Fair Value Disclosure [Table Text Block]
Text Block 
Text Block 
Fair Value Measurement Disclosure of Other Postretirement Benefits [Table Text Block]
Text Block 
Text Block 
Allocation of Assets Related to Pension Plan Disclosure [Table Text Block]
Text Block 
 
Allocation of Assets Related to Other Postretirement Benefits Disclosure [Table Text Block]
Text Block 
 
Pension and Other Retirement Benefits Funded Status Disclosure [Table Text Block]
Text Block 
 
Pension and Other Postretirement Benefits Adjustments to Other Comprehensive Loss Income Disclosure [Table Text Block]
Text Block 
 
Pension and Other Postretirement Benefits Employer Contributions and Expected Benefit Payments Disclosure [Table Text Block]
Text Block 
 
Schedule of Net Benefit Costs [Table Text Block]
Text Block 
 
Pension and Other Postretirement Benefits Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss Income Disclosure [Table Text Block]
Text Block 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] 
 
Year Ended December 31
 
2013
 
2012
 
2011
Dividend yield
1.28
%
 
0.91
%
 
0.75
%
Expected stock price volatility
30.98

 
39.88

 
34.87

Risk-free interest rate (weighted average)
1.02

 
1.07

 
2.48

Expected life of options
6 years

 
6 years

 
6 years    

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] 
 
Stock Options
 
Restricted Stock
 
Restricted Stock Units
(Dollars in millions, except per share data)
Shares
 
Price
Range
 
Weighted
Average
Exercise
Price
 
Shares
 
Deferred
Compensation
 
Weighted
Average
Grant
Price
 
Shares
 
Weighted
Average
Grant
Price
Balance, January 1, 2011
17,142,500

 
$9.06 - 150.45

 

$51.17

 
4,620,809

 

$43

 

$25.32

 
65,190

 

$26.96

Granted
813,265

 
19.98 - 32.27

 
29.70

 
1,400,305

 
44

 
31.27

 
344,590

 
37.57

Exercised/vested
(20,000
)
 
9.06

 
9.06

 
(1,085,252
)
 
—

 
50.37

 
—

 
—

Cancelled/expired/forfeited
(2,066,348
)
 
9.06 - 140.40

 
63.40

 
(313,695
)
 
(7
)
 
22.07

 
(4,305
)
 
26.96

Amortization of restricted stock compensation
—

 
—

 
—

 
—

 
(32
)
 
—

 
—

 
—

Balance, December 31, 2011
15,869,417

 
9.06 - 150.45

 
48.53

 
4,622,167

 
48

 
21.46

 
405,475

 
35.98

Granted
859,390

 
21.67 - 23.68

 
21.92

 
1,737,202

 
38

 
21.97

 
1,717,148

 
22.65

Exercised/vested
(973,048
)
 
9.06 - 22.69

 
9.90

 
(2,148,764
)
 
—

 
14.62

 
(109,149
)
 
27.73

Cancelled/expired/forfeited
(2,444,107
)
 
9.06 - 85.06

 
45.73

 
(524,284
)
 
(8
)
 
19.91

 
(82,828
)
 
22.79

Amortization of restricted stock compensation
—

 
—

 
—

 
—

 
(30
)
 
—

 
—

 
—

Balance, December 31, 2012
13,311,652

 
9.06 - 150.45

 
50.15

 
3,686,321

 
48

 
25.56

 
1,930,646

 
25.16

Granted
552,998

 
27.41

 
27.41

 
1,314,277

 
39

 
29.58

 
593,093

 
24.65

Exercised/vested
(712,981
)
 
9.06 - 27.79

 
16.94

 
(821,636
)
 
—

 
25.95

 
(41,790
)
 
28.73

Cancelled/expired/forfeited
(2,222,298
)
 
21.67 - 118.18

 
56.55

 
(195,424
)
 
(5
)
 
27.41

 
14,229

 
20.54

Amortization of restricted stock compensation
—

 
—

 
—

 
—

 
(32
)
 
—

 
—

 
—

Balance, December 31, 2013
10,929,371

 
$9.06 - 150.45

 

$49.86

 
3,983,538

 

$50

 

$27.04

 
2,496,178

 

$26.69

Exercisable, December 31, 2013
9,351,182

 
 
 

$53.89

 
 
 
 
 
 
 
 
 
 

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] 
(Dollars in millions, except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
  
 
Options Outstanding
 
Options Exercisable
Range of Exercise
Prices
 
Number
Outstanding
at
December 31, 2013
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
 
Number
Exercisable
at
December 31, 2013
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
$9.06 to 49.46
 
4,548,172

 

$19.57

 
6.22

 

$78

 
2,969,983

 

$16.14

 
5.22

 

$61

$49.47 to 64.57
 
424,131

 
56.16

 
0.07

 
—

 
424,131

 
56.16

 
0.07

 
—

$64.58 to 150.45
 
5,957,068

 
72.54

 
1.37

 
—

 
5,957,068

 
72.54

 
1.37

 
—

 
 
10,929,371

 

$49.86

 
3.34

 

$78

 
9,351,182

 

$53.89

 
2.54

 

$61

Stock-Based Compensation Expense Recognized in Noninterest Expense 
(Dollars in millions)
2013
 
2012
 
2011
Stock-based compensation expense:
 
 
 
 
 
Stock options

$6

 

$11

 

$15

Restricted stock
32

 
30

 
32

RSUs
18

 
27

 
10

Total stock-based compensation expense

$56

 

$68

 

$57

Postretirement Benefit Obligation [Table Text Block] 
 
Pension Benefits
 
Other Postretirement Benefits
(Dollars in millions)
2013
 
2012
 
2013
 
2012
Benefit obligation, beginning of year

$2,838

 

$2,661

 

$167

 

$173

Interest cost
113

 
119

 
6

 
7

Plan participants’ contributions
—

 
—

 
21

 
22

Actuarial loss/(gain)
(195
)
 
242

 
1

 
(2
)
Benefits paid
(181
)
 
(184
)
 
(41
)
 
(36
)
Less federal Medicare drug subsidy
—

 
—

 
3

 
3

Plan amendments
—

 
—

 
(76
)
 
—

Benefit obligation, end of year

$2,575

 

$2,838

 

$81

 

$167

Schedule of Accumulated and Projected Benefit Obligations [Table Text Block] 
(Dollars in millions)
2013
 
2012
Projected benefit obligation

$80

 

$2,701

Accumulated benefit obligation
79

 
2,701

Schedule of Assumptions Used [Table Text Block] 
 
Pension Benefits
 
Other Postretirement Benefits
(Weighted average assumptions used to determine benefit
obligations, end of year)
2013
 
2012
 
2013
 
2012
Discount rate
4.98
%
 
4.08
%
 
4.15
%
 
3.45
%
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] 
 
Pension Benefits
 
Other Postretirement Benefits
(Dollars in millions)
2013
 
2012
 
2013
 
2012
Fair value of plan assets, beginning of year

$2,742

 

$2,550

 

$164

 

$161

Actual return on plan assets
304

 
350

 
14

 
17

Employer contributions
8

 
26

 
—

 
—

Plan participants’ contributions
—

 
—

 
21

 
22

Benefits paid
(181
)
 
(184
)
 
(41
)
 
(36
)
Fair value of plan assets, end of year

$2,873

 

$2,742

 

$158

 

$164

Net Pension Plan Assets at Fair Value Disclosure [Table Text Block] 
 
 
 
 
Fair Value Measurements at December 31, 2013 using 1
(Dollars in millions)
Assets Measured at
Fair Value at
December 31, 2013
Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
Money market funds
 

$83

 

$83

 

$—

 

$—

Equity securities:
 
 
 
 
 
 
 
 
Consumer
 
297

 
297

 
—

 
—

Energy and utilities
 
163

 
163

 
—

 
—

Financials
 
268

 
268

 
—

 
—

Healthcare
 
166

 
166

 
—

 
—

Industrials
 
157

 
157

 
—

 
—

Information technology
 
244

 
244

 
—

 
—

Materials
 
51

 
51

 
—

 
—

Telecommunications services
 
28

 
28

 
—

 
—

Futures contracts
 
8

 
—

 
8

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. Treasuries
 
157

 
157

 
—

 
—

Corporate - investment grade
 
932

 
—

 
932

 
—

Foreign bonds
 
183

 
—

 
183

 
—

Government agencies
 
2

 
—

 
2

 
—

Foreign governments
 
4

 
—

 
4

 
—

Municipal taxable
 
53

 
—

 
53

 
—

Corporate obligations CMO and REMIC
 
56

 
—

 
56

 
—

Other assets
 
 
 
 
 
 
 
 
Other assets
 
2

 
2

 
—

 
—

Total plan assets
 

$2,854

 

$1,616

 

$1,238

 

$—

1 Schedule does not include accrued income amounting to less than 0.7% of total plan assets.
Net Pension Plan Assets at Fair Value Disclosure [Table Text Block] 
 
 
 
 
Fair Value Measurements at December 31, 2012 using 1
(Dollars in millions)
Assets Measured at
Fair Value at
December 31, 2012
Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Money market funds
 

$48

 

$48

 

$—

 

$—

Mutual funds:
 
 
 
 
 
 
 
 
International diversified funds
 
401

 
401

 
—

 
—

Equity securities:
 
 
 
 
 
 
 
 
Consumer
 
218

 
218

 
—

 
—

Energy and utilities
 
127

 
127

 
—

 
—

Financials
 
136

 
136

 
—

 
—

Healthcare
 
111

 
111

 
—

 
—

Industrials
 
197

 
197

 
—

 
—

Information technology
 
199

 
199

 
—

 
—

Materials
 
45

 
45

 
—

 
—

Telecommunications Services
 
17

 
17

 
—

 
—

Exchange traded funds
 
172

 
172

 
—

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. Treasuries
 
534

 
534

 
—

 
—

Corporate - investment grade
 
412

 
—

 
412

 
—

Foreign bonds
 
77

 
—

 
77

 
—

Preferred Securities - Domestic
 
33

 
—

 
33

 
—

Preferred Securities - Foreign
 
2

 
—

 
2

 
—

Total plan assets
 

$2,729

 

$2,205

 

$524

 

$—

1 Schedule does not include accrued income amounting to less than 0.5% of total plan assets.

Fair Value Measurement Disclosure of Other Postretirement Benefits [Table Text Block] 
(Dollars in millions)
 
 
 
Fair Value
Measurements at
December 31, 2013 1
Assets Measured
at Fair Value at December 31, 2013
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Mutual funds:
 
 
 
 
 
 
 
 
Equity index fund
 

$52

 

$52

 

$—

 

$—

Tax exempt municipal bond funds
 
85

 
85

 
—

 
—

Taxable fixed income index funds
 
14

 
14

 
—

 
—

Money market funds
 
7

 
7

 
—

 
—

Total plan assets
 

$158

 

$158

 

$—

 

$—

1 Schedule does not include accrued income.

Fair Value Measurement Disclosure of Other Postretirement Benefits [Table Text Block] 
(Dollars in millions)
 
 
 
Fair Value
Measurements at
December 31, 2012 1
Assets Measured
at Fair Value at December 31, 2012
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Mutual funds:
 
 
 
 
 
 
 
 
Equity index fund
 

$49

 

$49

 

$—

 

$—

Tax exempt municipal bond funds
 
86

 
86

 
—

 
—

Taxable fixed income index funds
 
14

 
14

 
—

 
—

Money market funds
 
15

 
15

 
—

 
—

Total plan assets
 

$164

 

$164

 

$—

 

$—

1 Schedule does not include accrued income.

Allocation of Assets Related to Pension Plan Disclosure [Table Text Block] 
 
 
Target
Allocation
 
Percentage of Plan Assets
at December 31
Asset Category
 
2014
 
2013
 
2012
Equity securities
 
0-60
%
 
48
%
 
59
%
Debt securities
 
40-100
 
 
49

 
39

Cash equivalents
 
0-10
 
 
3

 
2

Total
 
 
 
 
100
%
 
100
%
Allocation of Assets Related to Other Postretirement Benefits Disclosure [Table Text Block] 
 
 
Target
Allocation
 
Percentage of Plan Assets
at December 31
Asset Category
 
2014
 
2013
 
2012
Equity securities
 
20-40
%
 
33
%
 
30
%
Debt securities
 
50-70
 
 
62

 
61

Cash equivalents
 
5-15
 
 
5

 
9

Total
 
 
 
 
100
%
 
100
%
Pension and Other Retirement Benefits Funded Status Disclosure [Table Text Block] 
 
 
Pension Benefits
 
Other Postretirement Benefits 2  
(Dollars in millions)
 
2013
 
2012
 
2013
 
2012
Fair value of plan assets
 

$2,873

 

$2,742

 

$158

 

$164

Benefit obligations 1
 
(2,575
)
 
(2,838
)
 
(81
)
 
(167
)
Funded status
 

$298

 

($96
)
 

$77

 

($3
)
1 Includes $80 million and $91 million of benefit obligations for the unfunded nonqualified supplemental pension plans at December 31, 2013 and 2012, respectively.
2 Plan remeasured at December 31, 2013 due to plan amendment
Pension and Other Postretirement Benefits Adjustments to Other Comprehensive Loss Income Disclosure [Table Text Block] 
 
 
Pension Benefits
 
Other Postretirement Benefits    
(Dollars in millions)
 
2013
 
2012
 
2013
 
2012
Net actuarial loss/(gain)
 

$807

 

$1,145

 

($1
)
 

$5

Prior service credit
 
—

 
—

 
(76
)
 
—

Total AOCI, pre-tax
 

$807

 

$1,145

 

($77
)
 

$5

Pension and Other Postretirement Benefits Employer Contributions and Expected Benefit Payments Disclosure [Table Text Block] 
(Dollars in millions)
 
Pension
Benefits1,2
 
Other Postretirement
Benefits (excluding
  Medicare Subsidy) 3
 
Value to Company
of Expected
Medicare Subsidy
Employer Contributions
 
 
 
 
 
 
2014 (expected) to plan trusts
 

$—

 

$—

 

$—

2014 (expected) to plan participants
 
7

 
—

 
(1
)
Expected Benefit Payments
 
 
 
 
 
 
2014
 
171

 
12

 
(1
)
2015
 
153

 
9

 
—

2016
 
153

 
8

 
—

2017
 
155

 
8

 
—

2018
 
155

 
7

 
—

2019-2023
 
817

 
25

 
—

1 At this time, the Company anticipates contributions to the Retirement Plan will be permitted (but not required) during 2014 based on the funded status and contribution limitations under the ERISA.
2 The expected benefit payments for the SERP will be paid directly from the Company's corporate assets.
3 Expected benefit payments under Other Postretirement Benefits Plans are shown net of participant contributions.
Schedule of Net Benefit Costs [Table Text Block] 
 
Pension Benefits
 
Other Postretirement Benefits
 
(Dollars in millions)
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
Service cost
$
—

 
$
—

 
$
62

 
$
—

 
$
—

 
$
—

 
Interest cost
113

 
119

 
128

 
6

 
7

 
9

 
Expected return on plan assets
(187
)
 
(173
)
 
(188
)
 
(6
)
 
(7
)
 
(7
)
 
Amortization of prior service credit
—

 
—

 
(16
)
 
—

 
—

 
—

 
Recognized net actuarial loss
26

 
25

 
39

 
—

 
—

 
1

 
Curtailment gain
—

 
—

 
(88
)
 
—

 
—

 
—

 
Settlement loss
—

 
2

 
—

 
—

 
—

 
—

 
Net periodic (benefit)/cost

($48
)
 

($27
)
 

($63
)
 

$—

 

$—

 

$3

 
Weighted average assumptions used to determine net (benefit)/cost:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.08
%
 
4.63
%
1 
5.59
%
2 
3.45
%
 
4.10
%
 
5.10
%
 
Expected return on plan assets
7.00

 
7.00

 
7.72

3 
3.25

4 

4.06

4 
4.39

4 
Rate of compensation increase 5
N/A

 
N/A

 
4.00

 
N/A

 
N/A

 
N/A

 
1 Interim remeasurement was required on September 15, 2012, for the SunTrust SERP to reflect settlement accounting.
2 Interim remeasurement was required on November 14, 2011 due to plan amendments adopted at that time. The discount rate as of the remeasurement date was selected based on economic conditions on that date.
3As part of the interim remeasurement on November 14, 2011, the expected return on plan assets was reduced from 7.75% to 7.25% for the SunTrust Pension Plan and the NCF Retirement Plan.
4 The weighted average shown for the Other Postretirement Benefit plan is determined on an after-tax basis.
Pension and Other Postretirement Benefits Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss Income Disclosure [Table Text Block] 
(Dollars in millions)
Pension
Benefits
 
Other Postretirement
Benefits
Current year actuarial gain

($312
)
 

($6
)
Recognition of actuarial loss
(26
)
 
—

Amortization of prior service credit
—

 
(76
)
Total recognized in OCI, pre-tax

($338
)
 

($82
)
Total recognized in net periodic (benefit)/cost and OCI, pre-tax

($386
)
 

($82
)
Derivative Financial Instruments (Tables)
Derivative Positions 
 
December 31, 2013
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
 
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivatives designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans
 

$17,250

  

$471

 

$—

  

$—

Derivatives designated in fair value hedging relationships 2
 
 
 
 
 
 
 
 
Interest rate contracts covering fixed rate debt
 
2,000

 
52

 
900

 
24

Derivatives not designated as hedging instruments 3
 
 
 
 
 
 
 
 
Interest rate contracts covering:
 
 
 
 
 
 
 
 
Fixed rate debt
 
—

  
—

 
60

  
7

MSRs
 
1,425

  
27

 
6,898

  
79

LHFS, IRLCs 4
 
4,561

 
30

 
1,317

 
5

Trading activity 5
 
70,615

 
2,917

 
65,299

 
2,742

Foreign exchange rate contracts covering trading activity
 
2,449

  
61

 
2,624

  
57

Credit contracts covering:
 
 
 
 
 
 
 
 
Loans
 
—

  
—

 
427

  
5

Trading activity 6
 
1,568

 
37

 
1,579

 
34

Equity contracts - Trading activity 5
 
19,595

 
2,504

 
24,712

 
2,702

Other contracts:
 
 
 
 
 
 
 
 
IRLCs and other 7
 
1,114

  
12

 
755

 
4

Commodities
 
241

  
14

 
228

  
14

Total
 
101,568

  
5,602

 
103,899

  
5,649

Total derivatives
 

$120,818

  

$6,125

 

$104,799

  

$5,673

Total gross derivatives, before netting
 
 
 

$6,125

 
 
 

$5,673

Less: Legally enforceable master netting agreements
 
 
 
(4,284
)
 
 
 
(4,284
)
Less: Cash collateral received/paid
 
 
 
(457
)
 
 
 
(864
)
Total derivatives, after netting
 
 
 

$1,384

 
 
 

$525

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 $885 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 $15.2 billion and $0.2 billion of notional related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative assets/liabilities associated with the one day lag are included in the fair value column of this table.
6 Asset and liability amounts include $4 million and $5 million, respectively, of notional 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 a 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 as discussed in Note 17, “Guarantees.” The fair value of the derivative liability, which relates to a notional amount of $55 million, is immaterial and is recognized in other liabilities in the Consolidated Balance Sheets.


 
December 31, 2012
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
 
Notional
Amounts
 
Fair
Value
 
Notional
Amounts
 
Fair
Value
Derivatives designated in cash flow hedging relationships 1
 
 
 
 
 
 
 
 
Interest rate contracts hedging floating rate loans
 

$17,350

  

$771

 

$—

 

$—

Derivatives designated in fair value hedging relationships 2
Interest rate contracts covering fixed rate debt
 
1,000

 
61

 
—

 
—

Derivatives not designated as hedging instruments 3
Interest rate contracts covering:
 
 
 
 
 
 
 
 
Fixed rate debt
 
—

  
—

 
60

  
10

MSRs
 
6,185

  
150

 
12,643

  
33

LHFS, IRLCs, LHFI-FV 4
 
2,333

 
6

 
7,076

 
15

Trading activity 5
 
81,930

 
6,044

 
86,037

  
5,777

Foreign exchange rate contracts covering:
 
 
 
 
 
 
 
 
Foreign-denominated debt and commercial loans
 
—

   
—

 
34

  
—

Trading activity
 
2,451

   
66

 
2,326

  
63

Credit contracts covering:
 
 
 
 
 
 
 
 
Loans
 
—

   
—

 
445

  
8

Trading activity 6
 
1,958

 
55

 
2,081

 
49

Equity contracts - Trading activity 5
 
15,748

 
1,342

 
22,184

   
1,529

Other contracts:
 
 
 
 
 
 
 
 
IRLCs and other 7
 
6,783

  
132

 
142

 
1

Commodities
 
255

  
29

 
255

   
29

Total
 
117,643

 
7,824

 
133,283

 
7,514

Total derivatives
 

$135,993

 

$8,656

 

$133,283

 

$7,514

Total gross derivatives, before netting
 
 
 

$8,656

 
 
 

$7,514

Less: Legally enforceable master netting agreements
 
 
 
(5,843
)
 
 
 
(5,843
)
Less: Cash collateral received/paid
 
 
 
(730
)
 
 
 
(1,259
)
Total derivatives, after netting
 
 
 

$2,083

 
 
 

$412

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 $1.7 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative liability associated with the one day lag is included in the fair value column of this table.
5 Amounts include $16.2 billion and $0.8 billion of notional related to interest rate futures and equity futures, respectively. These futures contracts settle in cash daily, one day in arrears. The derivative asset associated with the one day lag is included in the fair value column of this table.
6 Asset and liability amounts each include $3 million of notional 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 a 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 as discussed in Note 17, “Guarantees.” The fair value of the derivative liability, which relates to a notional amount of $134 million, is immaterial and is recognized in other liabilities in the Consolidated Balance Sheets.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] 
 
 
 
 
 
 
 
Year Ended December 31, 2013
(Dollars in millions)
Amount of pre-tax gain/(loss)
recognized in
OCI on Derivatives
(Effective  Portion)
 
Classification of gain/(loss)
reclassified from    
AOCI into Income
(Effective Portion)
 
Amount of pre-tax gain
reclassified from
AOCI into Income
(Effective Portion)
Derivatives in cash flow hedging relationships:
 
 
 
 
 
Interest rate contracts hedging forecasted debt

($2
)
 
Interest on long-term debt
 

$—

Interest rate contracts hedging floating rate loans1
18

 
Interest and fees on loans
 
327

Total

$16

 
 
 

$327

1 During the year ended December 31, 2013, the Company also reclassified $90 million pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been previously terminated or de-designated and are reclassified into earnings in the same period in which the forecasted transaction occurs.

 
Year Ended December 31, 2013
(Dollars in millions)
Amount of loss on Derivatives
recognized in Income
 
Amount of gain on related Hedged Items
recognized in Income
 
Amount of loss recognized in
Income on Hedges
(Ineffective Portion)
Derivatives in fair value hedging relationships:
 
 
 
 
 
Interest rate contracts hedging fixed rate debt1

($36
)
 

$33

 

($3
)
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
Year Ended December 31, 2013
Derivatives not designated as hedging instruments:
 
 
 
Interest rate contracts covering:
 
 
 
Fixed rate debt
Trading income
 

$2

MSRs
Mortgage servicing related income
 
(284
)
LHFS, IRLCs
Mortgage production related income/(loss)
 
289

Trading activity
Trading income
 
59

Foreign exchange rate contracts covering:
 
 
 
Commercial loans
Trading income
 
1

Trading activity
Trading income
 
23

Credit contracts covering:
 
 
 
Loans
Other noninterest income
 
(4
)
Trading activity
Trading income
 
21

Equity contracts - trading activity
Trading income
 
(15
)
Other contracts - IRLCs
Mortgage production related income/(loss)
 
98

Total
 
 

$190




The impacts of derivatives on the Consolidated Statements of Income and the Consolidated Statements of Shareholders' Equity for the year ended December 31, 2012, are presented below:

 
Year Ended December 31, 2012
(Dollars in millions)
Amount of pre-tax gain/(loss)
recognized in
OCI on Derivatives
(Effective Portion)
 
Classification of gain/(loss)reclassified from
AOCI into Income
(Effective Portion)
 
Amount of pre-tax gain/(loss)
reclassified from
AOCI into Income
(Effective Portion)
Derivatives in cash flow hedging relationships:
 
 
 

 
Equity contracts hedging Securities AFS 1

($171
)
 
Net securities gains
 

($365
)
Interest rate contracts hedging Floating rate loans 2
252

 
Interest and fees on loans
 
337

Total

$81

 
 
 

($28
)
1 During the year ended December 31, 2012, the Company also recognized $60 million of pre-tax gains directly into net securities gains related to mark-to-market changes of the Coke hedging contracts when the cash flow hedging relationship failed to qualify for hedge accounting.
2 During the year ended December 31, 2012, the Company also reclassified $171 million pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been previously terminated or de-designated and are reclassified into earnings in the same period in which the forecasted transaction occurs.

 
Year Ended December 31, 2012
(Dollars in millions)
Amount of gain on Derivatives recognized in Income
 
Amount of loss on related Hedged Items
recognized in Income
 
Amount of gain/(loss) recognized in Income on Hedges (Ineffective Portion)
Derivatives in fair value hedging relationships1:
 
 
 
 
 
   Interest rate contracts hedging Fixed rate debt

$5

 

($5
)
 

$—

Interest rate contracts hedging Securities AFS
1

 
(1
)
 
—

Total

$6

 

($6
)
 

$—

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
Year Ended December 31, 2012
Derivatives not designated as hedging instruments:
 
Interest rate contracts covering:
 
 
 
Fixed rate debt
Trading income
 

($2
)
MSRs
Mortgage servicing related income
 
284

LHFS, IRLCs, LHFI-FV
Mortgage production related income/(loss)
 
(331
)
Trading activity
Trading income
 
86

Foreign exchange rate contracts covering:
 
 

Commercial loans and foreign-denominated debt
Trading income
 
129

Trading activity
Trading income
 
14

Credit contracts covering:
 
 

Loans 1
Other noninterest income
 
(8
)
Trading activity
Trading income
 
24

Equity contracts - trading activity
Trading income
 
8

Other contracts - IRLCs
Mortgage production related income/(loss)
 
930

Total
 
 

$1,134

1 For the six months ended June 30, 2012, losses of $3 million were recorded in trading income.


The impacts of derivatives on the Consolidated Statements of Income and the Consolidated Statements of Shareholders' Equity for the year ended December 31, 2011, are presented below:

 
Year Ended December 31, 2011
(Dollars in millions)
Amount of pre-tax gain/(loss)
recognized in
OCI on Derivatives
(Effective Portion)
 
Classification of gain
reclassified from
AOCI into Income
(Effective Portion)
 
Amount of pre-tax gain
reclassified from
AOCI into Income
(Effective Portion)
Derivatives in cash flow hedging relationships:
 
 
 
 
 
Equity contracts hedging Securities AFS

($46
)
 
Net securities gains
 

$—

Interest rate contracts hedging Floating rate loans 1
730

 
Interest and fees on loans
 
423

Total

$684

 
 
 

$423

1 During the year ended December 31, 2011, the Company also reclassified $202 million pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been previously terminated or de-designated and are reclassified into earnings in the same period in which the forecasted transaction occurs.

 
Year Ended December 31, 2011
(Dollars in millions)
Amount of loss on Derivatives
recognized in Income
 
Amount of gain on related Hedged Items
recognized in Income
 
Amount of loss recognized in
Income on Hedges
(Ineffective Portion)
Derivatives in fair value hedging relationships:
 
 
 
 
 
Interest rate contracts hedging fixed rate debt1

$51

 

($52
)
 

($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
Year Ended December 31, 2011
Derivatives not designated as hedging instruments:
 
 
Interest rate contracts covering:
 
 
 
Fixed rate debt
Trading income
 

($5
)
MSRs
Mortgage servicing related income
 
572

LHFS, IRLCs, LHFI-FV
Mortgage production related income/(loss)
 
(281
)
Trading activity
Trading income
 
113

Foreign exchange rate contracts covering:
 
 
 
Commercial loans and foreign-denominated debt
Trading income
 
(4
)
Trading activity
Trading income
 
18

Credit contracts covering:
 
 
 
Loans
Trading income
 
(1
)
Trading activity
Trading income
 
15

Equity contracts - trading activity
Trading income
 
(3
)
Other contracts - IRLCs
Mortgage production related income/(loss)
 
355

Total
 
 

$779



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
December 31, 2013
 
 
 
 
 
 
 
 
 
Derivative financial assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$5,285

 

$4,239

 

$1,046

 

$51

 

$995

Derivatives not subject to master netting arrangement or similar arrangement
12

 
—

 
12

 
—

 
12

Exchange traded derivatives
828

 
502

 
326

 
—

 
326

Total derivative financial assets

$6,125

 

$4,741

 

$1,384

1 

$51

 

$1,333

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

$4,982

 

$4,646

 

$336

 

$13

 

$323

Derivatives not subject to master netting arrangement or similar arrangement
189

 
—

 
189

 
—

 
189

Exchange traded derivatives
502

 
502

 
—

 
—

 
—

Total derivative financial liabilities

$5,673

 

$5,148

 

$525

2 

$13

 

$512

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Derivative financial assets:
 
 
 
 
 
 
 
 
 
Derivatives subject to master netting arrangement or similar arrangement

$8,041

 

$6,273

 

$1,768

 

$94

 

$1,674

Derivatives not subject to master netting arrangement or similar arrangement
132

 
—

 
132

 
—

 
132

Exchange traded derivatives
483

 
300

 
183

 
—

 
183

Total derivative financial assets

$8,656

 

$6,573

 

$2,083

1 

$94

 

$1,989

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

$7,051

 

$6,802

 

$249

 

$37

 

$212

Derivatives not subject to master netting arrangement or similar arrangement
163

 
—

 
163

 
—

 
163

Exchange traded derivatives
300

 
300

 
—

 
—

 
—

Total derivative financial liabilities

$7,514

 

$7,102

 

$412

2 

$37

 

$375

1 At December 31, 2013, $1.4 billion, net of $457 million offsetting cash collateral, is recognized in trading assets and derivatives within the Company's Consolidated Balance Sheets. At December 31, 2012, $2.1 billion, net of $730 million offsetting cash collateral, is recognized in trading assets and derivatives within the Company's Consolidated Balance Sheets.
2 At December 31, 2013, $525 million, net of $864 million offsetting cash collateral, is recognized in trading liabilities and derivatives within the Company's Consolidated Balance Sheets. At December 31, 2012, $412 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivatives within the Company's Consolidated Balance Sheets.
Reinsurance Arrangements and Guarantees (Tables)
Schedule Of Remaining Outstanding Balance Of Loans Sold [Table Text Block] 
 
Remaining Outstanding Balance by Year of Sale
(Dollars in billions)
2005
 
2006
 
2007
 
2008
 
2009
 
2010
 
2011
 
2012
 
2013

 
Total    
GSE1

$1.9

 

$2.0

 

$3.9

 

$3.7

 

$11.0

 

$7.3

 

$8.2

 

$17.7

 

$21.3

 

$77.0

Ginnie Mae1
0.4

 
0.3

 
0.3

 
1.2

 
3.1

 
2.5

 
2.1

 
3.9

 
3.5

 
17.3

Non-agency
3.2

 
4.7

 
3.1

 
—

 
—

 
—

 
—

 
—

 
—

 
11.0

Total

$5.5

 

$7.0

 

$7.3

 

$4.9

 

$14.1

 

$9.8

 

$10.3

 

$21.6

 

$24.8

 

$105.3

1 Balances based on loans currently serviced by the Company and excludes loans serviced by others and certain loans in foreclosure.
Mortgage Loan Repurchase Losses 
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Balance at beginning of period

$632

 

$320

 

$265

Repurchase provision
114

 
713

 
502

Charge-offs
(668
)
 
(401
)
 
(447
)
Balance at end of period

$78

 

$632

 

$320

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 in which fair value has been elected.
 
December 31, 2013
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$219

 

$—

 

$—

 

$—

 

$219

Federal agency securities
—

 
426

 
—

 
—

 
426

U.S. states and political subdivisions
—

 
65

 
—

 
—

 
65

MBS - agency
—

 
323

 
—

 
—

 
323

CDO/CLO securities
—

 
3

 
54

 
—

 
57

ABS
—

 
—

 
6

 
—

 
6

Corporate and other debt securities
—

 
534

 
—

 
—

 
534

CP
—

 
29

 
—

 
—

 
29

Equity securities
109

 
—

 
—

 
—

 
109

Derivative contracts 2
828

 
5,285

 
12

 
(4,741
)
 
1,384

Trading loans
—

 
1,888

 
—

 
—

 
1,888

Total trading assets and derivatives
1,156

 
8,553

 
72

 
(4,741
)
 
5,040

Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
1,293

 
—

 
—

 
—

 
1,293

Federal agency securities
—

 
984

 
—

 
—

 
984

U.S. states and political subdivisions
—

 
203

 
34

 
—

 
237

MBS - agency
—

 
18,911

 
—

 
—

 
18,911

MBS - private
—

 
—

 
154

 
—

 
154

ABS
—

 
58

 
21

 
—

 
79

Corporate and other debt securities
—

 
37

 
5

 
—

 
42

Other equity securities 3
103

 
—

 
739

 
—

 
842

Total securities AFS
1,396

 
20,193

 
953

 
—

 
22,542

LHFS:
 
 
 
 
 
 
 
 
 
Residential loans
—

 
1,114

 
3

 
—

 
1,117

Corporate and other loans
—

 
261

 
—

 
—

 
261

Total LHFS
—

 
1,375

 
3

 
—

 
1,378

LHFI
—

 
—

 
302

 
—

 
302

MSRs
—

 
—

 
1,300

 
—

 
1,300

Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
472

 
—

 
—

 
—

 
472

Corporate and other debt securities
—

 
179

 
—

 
—

 
179

Equity securities
5

 
—

 
—

 
—

 
5

Derivative contracts 2
502

 
5,167

 
4

 
(5,148
)
 
525

Total trading liabilities and derivatives
979

 
5,346

 
4

 
(5,148
)
 
1,181

Brokered time deposits
—

 
764

 
—

 
—

 
764

Long-term debt
—

 
1,556

 
—

 
—

 
1,556

Other liabilities 4
—

 
—

 
29

 
—

 
29


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 These amounts include IRLCs and derivative financial instruments entered into by the Mortgage Banking segment to hedge its interest rate risk. See Note 16, "Derivative Financial Instruments," for further disaggregation of derivative assets and liabilities.
3 Includes $336 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank stock, $103 million in mutual fund investments, and $1 million of other.
4 Includes contingent consideration obligations related to acquisitions, as well as the derivative associated with the Company's sale of Visa shares during the year ended December 31, 2009.










 
December 31, 2012
 
Fair Value Measurements
 
 
 
 
(Dollars in millions)
Level 1
 
Level 2
 
Level 3
 
Netting
 Adjustments 1
 
Assets/Liabilities
at Fair Value
Assets
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities

$111

 

$—

 

$—

 

$—

 

$111

Federal agency securities
—

 
462

 
—

 
—

 
462

U.S. states and political subdivisions
—

 
34

 
—

 
—

 
34

MBS - agency
—

 
432

 
—

 
—

 
432

CDO/CLO securities
—

 
3

 
52

 
—

 
55

ABS
—

 
31

 
5

 
—

 
36

Corporate and other debt securities
—

 
566

 
1

 
—

 
567

CP
—

 
28

 
—

 
—

 
28

Equity securities
100

 
—

 
—

 
—

 
100

Derivative contracts 2, 3
485

 
8,039

 
132

 
(6,573
)
 
2,083

Trading loans
—

 
2,319

 
—

 
—

 
2,319

Total trading assets and derivatives
696

 
11,914

 
190

 
(6,573
)
 
6,227

Securities AFS:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
222

 
—

 
—

 
—

 
222

Federal agency securities
—

 
2,069

 
—

 
—

 
2,069

U.S. states and political subdivisions
—

 
274

 
46

 
—

 
320

MBS - agency
—

 
18,169

 
—

 
—

 
18,169

MBS - private
—

 
—

 
209

 
—

 
209

ABS
—

 
195

 
21

 
—

 
216

Corporate and other debt securities
—

 
41

 
5

 
—

 
46

Other equity securities 4
69

 
—

 
633

 
—

 
702

Total securities AFS
291

 
20,748

 
914

 
—

 
21,953

LHFS:
 
 
 
 
 
 
 
 
 
Residential loans
—

 
2,916

 
8

 
—

 
2,924

Corporate and other loans
—

 
319

 
—

 
—

 
319

Total LHFS
—

 
3,235

 
8

 
—

 
3,243

LHFI
—

 
—

 
379

 
—

 
379

MSRs
—

 
—

 
899

 
—

 
899

Liabilities
 
 
 
 
 
 
 
 
 
Trading liabilities and derivatives:
 
 
 
 
 
 
 
 
 
U.S. Treasury securities
582

 
—

 
—

 
—

 
582

Corporate and other debt securities
—

 
173

 
—

 
—

 
173

Equity securities
9

 
—

 
—

 
—

 
9

Derivative contracts 2, 3
300

 
7,214

 
—

 
(7,102
)
 
412

Total trading liabilities and derivatives
891

 
7,387

 
—

 
(7,102
)
 
1,176

Brokered time deposits
—

 
832

 
—

 
—

 
832

Long-term debt
—

 
1,622

 
—

 
—

 
1,622

Other liabilities 5
—

 
—

 
31

 
—

 
31


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 These amounts include IRLCs and derivative financial instruments entered into by the Mortgage Banking segment to hedge its interest rate risk. See Note 16, "Derivative Financial Instruments," for further disaggregation of derivative assets and liabilities.
3 Certain derivative assets of $178 million and derivative liabilities of $15 million have been reclassified to trading assets and derivatives and trading liabilities and derivatives, respectively, at December 31, 2012, for comparability to the same classification of these assets and liabilities at December 31, 2013. Previously, these derivative assets and liabilities were recorded in other assets and other liabilities, respectively.
4 Includes $229 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank stock, $69 million in mutual fund investments, and $2 million of other.
5 Includes contingent consideration obligations related to acquisitions, as well as the derivative associated with the Company's sale of Visa shares during the year ended December 31, 2009.
Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance 
(Dollars in millions)
Aggregate Fair Value at
December 31, 2013
 
Aggregate Unpaid Principal
Balance under FVO at
December 31, 2013
 
Fair Value
Over/(Under)
Unpaid Principal
Assets:
 
 
 
 
 
Trading loans

$1,888

 

$1,858

 

$30

LHFS
1,375

 
1,359

 
16

Past due loans of 90 days or more
1

 
2

 
(1
)
Nonaccrual loans
2

 
15

 
(13
)
LHFI
294

 
317

 
(23
)
Nonaccrual loans
8

 
12

 
(4
)

Liabilities:
 
 
 
 
 
Brokered time deposits
764

 
761

 
3

Long-term debt
1,556

 
1,432

 
124

(Dollars in millions)
Aggregate Fair Value at
December 31, 2012
 

Aggregate Unpaid Principal
Balance under FVO at
December 31, 2012
 

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

$2,319

 

$2,285

 

$34

LHFS
3,237

 
3,109

 
128

Past due loans of 90 days or more
3

 
5

 
(2
)
Nonaccrual loans
3

 
12

 
(9
)
LHFI
360

 
371

 
(11
)
Past due loans of 90 days or more
1

 
3

 
(2
)
Nonaccrual loans
18

 
28

 
(10
)

Liabilities:
 
 
 
 
 
Brokered time deposits
832

 
825

 
7

Long-term debt
1,622

 
1,462

 
160


Change in Fair Value of Financial Instruments for which the FVO has been Elected 
 
Fair Value Gain/(Loss) for the Year Ended
December 31, 2013, for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading
Income
 
Mortgage
Production
Related
Income/(Loss) 1
 
Mortgage
Servicing
Related
Income
 
Total Changes
in Fair Values  
Included in
Current Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
Trading loans

$13

 

$—

 

$—

 

$13

LHFS
1

 
(135
)
 
—

 
(134
)
LHFI
—

 
(10
)
 
—

 
(10
)
MSRs
—

 
4

 
50

 
54

 
Liabilities:
 
 
 
 
 
 
 
Brokered time deposits
8

 
—

 
—

 
8

Long-term debt
36

 
—

 
—

 
36

1 Income related to LHFS does not include income from IRLCs. For the year ended December 31, 2013, income related to MSRs includes MSRs recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the year ended December 31, 2013 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 carried at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.



 
Fair Value Gain/(Loss) for the Year Ended
December 31, 2012, for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading
Income
 
Mortgage
Production
Related
Income/(Loss) 1
 
Mortgage
Servicing
Related
Income
 
Total Changes
in Fair Values  
Included in
Current
Period
  Earnings 2
Assets:
 
 
 
 
 
 
 
Trading loans

$8

 

$—

 

$—

 

$8

LHFS
10

 
161

 
—

 
171

LHFI
1

 
20

 
—

 
21

MSRs
—

 
31

 
(353
)
 
(322
)
 
Liabilities:
 
 
 
 
 
 
 
Brokered time deposits
5

 
—

 
—

 
5

Long-term debt
(65
)
 
—

 
—

 
(65
)
1 Income related to LHFS does not include income from IRLCs. For the year ended December 31, 2012, income related to MSRs includes MSRs recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the year ended December 31, 2012 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 carried at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.
 
Fair Value Gain/(Loss) for the Year Ended
December 31, 2011, for Items Measured at Fair Value
Pursuant to Election of the FVO
(Dollars in millions)
Trading income
 
Mortgage
Production  
Related
  Income/(Loss) 1 
 
Mortgage
Servicing  
Related
Income
 
Total Changes
in Fair Values  
Included in
Current
Period
Earnings 2
Assets:
 
 
 
 
 
 
 
Trading loans

$21

 

$—

 

$—

 

$21

LHFS
(10
)
 
179

 
—

 
169

LHFI
3

 
11

 
—

 
14

MSRs
—

 
7

 
(733
)
 
(726
)
 
Liabilities:
 
 
 
 
 
 
 
Brokered time deposits
32

 
—

 
—

 
32

Long-term debt
(12
)
 
—

 
—

 
(12
)
1 Income related to LHFS does not include income from IRLCs. For the year ended December 31, 2011, income related to MSRs includes MSRs recognized upon the sale of loans reported at LOCOM.
2 Changes in fair value for the year ended December 31, 2011 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 carried 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
December 31, 2013 
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
CDO/CLO securities

$54

 
Matrix pricing/Discounted cash flow
 
Indicative pricing based on overcollateralization ratio
 
$50-$60 ($54)
 
Discount margin
 
4-6% (5%)
ABS
6

 
Matrix pricing
 
Indicative pricing
 
$55 ($55)
Derivative contracts, net 2
8

 
Internal model
 
Pull through rate
 
1-99% (74%)
 
MSR value
 
42-222 bps (111 bps)
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
34

 
Matrix pricing
 
Indicative pricing
 
$80-$111 ($95)
MBS - private
154

 
Third party pricing
 
N/A
 

ABS
21

 
Third party pricing
 
N/A
 

Corporate and other debt securities
5

 
Cost
 
N/A
 

Other equity securities
739

 
Cost
 
N/A
 

Residential LHFS
3

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
250-675 bps (277 bps)
 
Conditional prepayment rate
 
2-10 CPR (7 CPR)
 
Conditional default rate
 
0-4 CDR (0.5 CDR)
LHFI
292

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-675 bps (307 bps)
 
Conditional prepayment rate
 
1-30 CPR (13 CPR)
 
Conditional default rate
 
0-7 CDR (2.5 CDR)
10

 
Collateral based pricing
 
Appraised value
 
NM 3
MSRs
1,300

 
Discounted cash flow
 
Conditional prepayment rate
 
4-25 CPR (8 CPR)
 
Discount rate
 
9-28% (12%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 4
23

 
Internal model
 
Loan production volume
 
0-150% (92%)
3

 
Internal model
 
Revenue run rate
 
NM 3
1 For certain assets and liabilities that 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 "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment to hedge its interest rate risk.
3 Not meaningful.
4 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. Excludes $3 million of Other Liabilities. See Note 17, "Guarantees," for additional information.

 
 Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)
Fair value
December 31, 2012 
 
Valuation Technique
 
Unobservable Input 1
 
Range
(weighted average)
Assets
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
CDO/CLO securities

$52

 
Matrix pricing
 
Indicative pricing based on overcollateralization ratio
 
$33-$45 ($40)
 
Estimated collateral losses
 
34-45% (39%)
ABS
5

 
Matrix pricing
 
Indicative pricing
 
$45 ($45)
Derivative contracts, net 2
132

 
Internal model
 
Pull through rate
 
9-98% (71%)
 
MSR value
 
6-244 bps (104 bps)
Corporate and other debt securities
1

 
Third party pricing
 
N/A
 
 
Securities AFS:
 
 
 
 
 
 
 
U.S. states and political subdivisions
46

 
Matrix pricing
 
Indicative pricing
 
$72-$115 ($92)
MBS - private
209

 
Third party pricing
 
N/A
 
 
ABS
21

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

 
Cost
 
N/A
 
 
Other equity securities
633

 
Cost
 
N/A
 
 
Residential LHFS
8

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-622 bps (251 bps)
 
Conditional prepayment rate
 
5-30 CPR (15 CPR)
 
Conditional default rate
 
0-20 CDR (3.5 CDR)
LHFI
369

 
Monte Carlo/Discounted cash flow
 
Option adjusted spread
 
0-622 bps (251 bps)
 
Conditional prepayment rate
 
5-30 CPR (15 CPR)
 
Conditional default rate
 
0-20 CDR (3.5 CDR)
10

 
Collateral based pricing
 
Appraised value
 
NM 3
MSRs
899

 
Discounted cash flow
 
Conditional prepayment rate
 
6-31 CPR (16 CPR)
 
Discount rate
 
9-28% (11%)
Liabilities
 
 
 
 
 
 
 
Other liabilities 4
24

 
Internal model
 
Loan production volume
 
0-150% (92%)
7

 
Internal model
 
Revenue run rate
 
NM 3
1 For certain assets and liabilities that 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 "N/A."
2 Represents the net of IRLC assets and liabilities entered into by the Mortgage Banking segment to hedge its interest rate risk.
3 Not meaningful.
4 Input assumptions relate to the Company's contingent consideration obligations related to acquisitions. See Note 17, "Guarantees," for additional information.

Reconciliation of the Beginning and Ending Balances for Fair Valued Assets and Liabilities Measured on a Recurring Basis Using Significant Unobservable Inputs 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2013
 
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
December 31,
2013
 
Included in earnings (held at December 31, 2013) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDO/CLO securities

$52

 

$23

 

$—

  

$—

 

($20
)
 

($1
)
 

$—

 

$—

 

$—

 

$54

 

$15

 
ABS
5

 
1

  
—

  
—

 
—

 
—

 
—

 
—

 
—

 
6

 
1

  
Derivative contracts, net
132

 
98

2 
—

 
—

 
—

 
—

 
(222
)
 
—

 
—

 
8

 
—

 
Corporate and other debt securities
1

 
—

  
—

  
—

 
—

 
(1
)
 
—

 
—

 
—

 
—

 
—

 
Total trading assets and derivatives
190

 
122

3 
—

  
—

 
(20
)
 
(2
)
 
(222
)
 
—

 
—

 
68

 
16

3 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
46

 
—

  
2

  
—

 
(6
)
 
(8
)
 
—

 
—

 
—

 
34

 
—

  
MBS - private
209

 
—

  
(5
)
  
—

 
—

 
(50
)
 
—

 
—

 
—

 
154

 
—

  
ABS
21

 
(1
)
  
4

  
—

 
—

 
(3
)
 
—

 
—

 
—

 
21

 
(1
)
  
Corporate and other debt securities
5

 
—

  
—

  
4

 
—

 
(4
)
 
—

 
—

 
—

 
5

 
—

  
Other equity securities
633

 
—

  
—

  
200

 
—

 
(94
)
 
—

 
—

 
—

 
739

 
—

  
Total securities AFS
914

 
(1
)
4 
1

5 
204

 
(6
)
 
(159
)
 
—

 
—

 
—

 
953

 
(1
)
4 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential LHFS
8

 
1

6 
—

  
—

 
(25
)
 
(1
)
 
(8
)
 
32

 
(4
)
 
3

 
—

 
LHFI
379

 
(5
)
6 
—

  
—

 
—

 
(55
)
 
(17
)
 
—

 
—

 
302

 
(11
)
6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
31

 
4

7 
—

  
—

 
—

 
(6
)
 
—

 
—

 
—

 
29

 
4

7 
1 Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at December 31, 2013.
2 Amounts included in earnings are net of issuances, fair value changes, and expirations and are recognized in mortgage production related income/(loss).
3 Amounts included in earnings are recognized in trading income.
4 Amounts included in earnings are recognized in net securities gains.
5 Amount recognized in OCI is recognized in change in net unrealized gains on securities, net of tax.
6 Amounts are generally included in mortgage production related income/(loss); however, the mark on certain fair value loans is included in trading income.
7 Amounts included in earnings are recognized in other noninterest expense.


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Fair Value Measurements
Using Significant Unobservable Inputs
 
(Dollars in millions)
Beginning
balance
January 1,
2012
 
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
December 31,
2012
 
Included in earnings (held at December
 31, 2012) 1
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading assets and derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CDO/CLO securities

$43

 

$11

 

$—

 

$—

 

$—

 

($2
)
 

$—

 

$—

 

$—

 

$52

 

$9

 
ABS
5

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
—

  
Derivative contracts, net
84

 
930

2 
—

 
—

 
—

 
—

 
(882
)
 
—

 
—

 
132

 
—

 
Corporate and other debt securities
1

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
1

 
—

  
Total trading assets and derivatives
133

 
941

3 
—

 
—

  
—

 
(2
)
 
(882
)
 
—

 
—

 
190

 
9

3 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. states and political subdivisions
58

 
—

 
—

 
—

 
—

 
(12
)
 
—

 
—

 
—

 
46

 
—

  
MBS - private
221

 
(7
)
 
35

 
—

 
—

 
(40
)
 
—

 
—

 
—

 
209

 
(7
)
  
ABS
16

 
—

 
7

 
—

 
—

 
(2
)
 
—

 
—

 
—

 
21

 
—

  
Corporate and other debt securities
5

 
—

 
—

 
2

 
—

 
(2
)
 
—

 
—

 
—

 
5

 
—

  
Other equity securities
741

 
—

 
—

 
164

 
—

 
(272
)
 
—

 
—

 
—

 
633

 
—

  
Total securities AFS
1,041

 
(7
)
4 
42

5 
166

  
—

 
(328
)
 
—

 
—

 
—

 
914

 
(7
)
4 
Residential LHFS
1

 
—

 
—

 
—

 
(11
)
 
—

 
4

 
22

 
(8
)
 
8

 
(1
)
6 
LHFI
433

 
7

6 
—

 
—

 
—

 
(49
)
 
(15
)
 
4

 
(1
)
 
379

 
11

6 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other liabilities
211

 
308

2, 4 
(194
)
7 
31

 
—

 
(325
)
 
—

 
—

 
—

 
31

 
—

 
1 Change in unrealized gains/(losses) included in earnings for the period related to financial assets still held at December 31, 2012.
2 Amounts included in earnings are net of issuances, fair value changes, and expirations and are recognized in mortgage production related income/(loss).
3 Amounts included in earnings are recognized in trading income.
4 Amounts included in earnings are generally recognized in net securities gains; however, any related hedge ineffectiveness is recognized in trading income.
5 Amounts recognized in OCI are recognized in change in net unrealized gains on securities, net of tax.
6 Amounts are generally included in mortgage production related income/(loss); however, the mark on certain fair value loans is included in trading income.
7 Amounts recognized in OCI are recognized in change in net unrealized gains on derivatives, net of tax, and are the effective portions of the cash flow hedges related to the Company’s probable forecasted sale of its shares of Coke common stock as discussed in Note 16, “Derivative Financial Instruments.”
Change in Carrying Value of Assets Measured at Fair Value on a Non-Recurring Basis 
(Dollars in millions)
December 31, 2013
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Losses for the
Year Ended
December 31, 2013
LHFS

$278

 

$—

 

$278

 

$—

 

($3
)
LHFI
75

 
—

 
—

 
75

 
—

OREO
49

 
—

 
1

 
48

 
(10
)
Affordable Housing
7

 
—

 
—

 
7

 
(3
)
Other Assets
171

 
—

 
158

 
13

 
(61
)
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
December 31, 2012
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Losses for the
Year Ended
December 31, 2012
LHFS

$65

 

$—

 

$65

 

$—

 

$—

LHFI
308

 
—

 
—

 
308

 
(79
)
OREO
264

 
—

 
205

 
59

 
(48
)
Affordable Housing
82

 
—

 
—

 
82

 
(96
)
Other Assets
65

 
—

 
42

 
23

 
(13
)

Carrying Amounts and Fair Values of the Company's Financial Instruments 
The carrying amounts and fair values of the Company’s financial instruments are as follows:
 
 
December 31, 2013
 
Fair Value Measurement Using
 
(Dollars in millions)
Carrying
Amount
 
Fair
Value
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$5,263

 

$5,263

 

$5,263

 

$—

 

$—

(a) 
Trading assets and derivatives
5,040

 
5,040

 
1,156

 
3,812

 
72

(b) 
Securities AFS
22,542

 
22,542

 
1,396

 
20,193

 
953

(b) 
LHFS
1,699

 
1,700

 
—

 
1,666

 
34

(c) 
LHFI, net
125,833

 
121,341

 
—

 
2,860

 
118,481

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
129,759

 
129,801

 
—

 
129,801

 
—

(e) 
Short-term borrowings
8,739

 
8,739

 
—

 
8,739

 
—

(f) 
Long-term debt
10,700

 
10,678

 
—

 
10,086

 
592

(f) 
Trading liabilities and derivatives
1,181

 
1,181

 
979

 
198

 
4

(b) 

 
December 31, 2012
 
Fair Value Measurement Using
 
(Dollars in millions)
Carrying
Amount
 
Fair
Value
 
Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

$8,257

 

$8,257

 

$8,257

 

$—

 

$—

(a) 
Trading assets and derivatives
6,227

 
6,227

 
696

 
5,341

 
190

(b) 
Securities AFS
21,953

 
21,953

 
291

 
20,748

 
914

(b) 
LHFS
3,399

 
3,399

 
—

 
3,375

 
24

(c) 
LHFI, net
119,296

 
115,690

 
—

 
4,041

 
111,649

(d)
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
132,316

 
132,613

 
—

 
132,613

 
—

(e) 
Short-term borrowings
5,494

 
5,494

 
—

 
5,494

 
—

(f) 
Long-term debt
9,357

 
9,413

 
—

 
8,829

 
584

(f) 
Trading liabilities and derivatives
1,176

 
1,176

 
891

 
285

 
—

(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 reported in the balance sheet, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.
(b)
Securities AFS, trading assets and derivatives, and trading liabilities and derivatives 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, on quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion of the LHFS carried at fair value. In instances for which significant 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 for certain loan types, nonexistent, requires significant judgment. Therefore, the estimated fair value can vary significantly depending on a market participant’s ultimate considerations and assumptions. The final value yields a market participant’s expected return on investment that is indicative of the current market conditions, but it does not take into consideration the Company’s estimated value from continuing to hold these loans or its lack of willingness to transact at these estimated values.
The Company generally estimated fair value for LHFI based on estimated future cash flows discounted, initially, at current origination rates for loans with similar terms and credit quality, which derived an estimated value of 99% and 101% on the loan portfolio’s net carrying value at December 31, 2013 and 2012, respectively. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was subtracted from the initial value at December 31, 2013 and 2012. 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. Loan prepayments are used to adjust future cash flows based on historical experience and prepayment model forecasts. The value of related accrued interest on loans approximates fair value; however, it is not included in the carrying amount or fair value of loans. The value of long-term customer relationships is not permitted under current U.S. GAAP to be included in the estimated fair value.
(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 measurement 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. For valuation of brokered time deposits that the Company carries at fair value as well as those that are carried at amortized cost, refer to the respective valuation section within this footnote.
(f)
Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated using discounted cash flow analysis and the Company’s current incremental borrowing rates for similar types of instruments. For long-term debt that the Company carries 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, we look at 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
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Year Ended December 31, 2013
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average total assets

$45,487

 

$66,618

 

$32,708

 

$26,033

 

$1,651

 

$172,497

Average total liabilities
84,977

 
47,310

 
3,845

 
15,293

 
(95
)
 
151,330

Average total equity
—

 
—

 
—

 
—

 
21,167

 
21,167

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,601

 

$1,605

 

$539

 

$306

 

($198
)
 

$4,853

FTE adjustment
1

 
124

 
—

 
3

 
(1
)
 
127

Net interest income - FTE 1
2,602

 
1,729

 
539

 
309

 
(199
)
 
4,980

Provision for credit losses 2
362

 
79

 
238

 
—

 
(126
)
 
553

Net interest income after provision for credit losses
2,240

 
1,650

 
301

 
309

 
(73
)
 
4,427

Total noninterest income
1,480

 
1,290

 
402

 
56

 
(14
)
 
3,214

Total noninterest expense
2,797

 
1,638

 
1,503

 
(46
)
 
(12
)
 
5,880

Income/(loss) before provision/(benefit) for income taxes
923

 
1,302

 
(800
)
 
411

 
(75
)
 
1,761

Provision/(benefit) for income taxes 3
340

 
395

 
(232
)
 
(83
)
 
(20
)
 
400

Net income/(loss) including income attributable to noncontrolling interest
583

 
907

 
(568
)
 
494

 
(55
)
 
1,361

Net income attributable to noncontrolling interest
—

 
7

 
—

 
9

 
1

 
17

Net income/(loss)

$583

 

$900

 

($568
)
 

$485

 

($56
)
 

$1,344




 
Year Ended December 31, 2012
(Dollars in millions)
Consumer Banking and Private Wealth Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average total assets

$47,024

 

$63,782

 

$35,153

 

$27,830

 

$2,345

 

$176,134

Average total liabilities
84,677

 
46,935

 
4,484

 
19,706

 
(163
)
 
155,639

Average total equity
—

 
—

 
—

 
—

 
20,495

 
20,495

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,723

 

$1,538

 

$512

 

$389

 

($60
)
 

$5,102

FTE adjustment
—

 
119

 
—

 
4

 
—

 
123

Net interest income - FTE 1
2,723

 
1,657

 
512

 
393

 
(60
)
 
5,225

Provision for credit losses 2
645

 
266

 
770

 
—

 
(286
)
 
1,395

Net interest income/(loss) after provision for credit losses
2,078

 
1,391

 
(258
)
 
393

 
226

 
3,830

Total noninterest income
1,500

 
1,413

 
502

 
1,969

 
(11
)
 
5,373

Total noninterest expense
3,088

 
1,810

 
1,369

 
68

 
(12
)
 
6,323

Income/(loss) before provision/(benefit) for income taxes
490

 
994

 
(1,125
)
 
2,294

 
227

 
2,880

Provision/(benefit) for income taxes 3
180

 
280

 
(429
)
 
767

 
98

 
896

Net income/(loss) including income attributable to noncontrolling interest
310

 
714

 
(696
)
 
1,527

 
129

 
1,984

Net income attributable to noncontrolling interest
—

 
16

 
—

 
10

 
—

 
26

Net income/(loss)

$310

 

$698

 

($696
)
 

$1,517

 

$129

 

$1,958




 
Year Ended December 31, 2011
(Dollars in millions)
Consumer
Banking and
Private Wealth
Management
 
Wholesale Banking
 
Mortgage Banking
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Average total assets

$45,221

 

$61,323

 

$33,719

 

$30,876

 

$1,301

 

$172,440

Average total liabilities
85,335

 
47,181

 
3,838

 
15,598

 
(208
)
 
151,744

Average total equity
—

 
—

 
—

 
—

 
20,696

 
20,696

 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income/(loss):
 
 
 
 
 
 
 
 
 
 
 
Net interest income

$2,729

 

$1,385

 

$471

 

$498

 

($18
)
 

$5,065

FTE adjustment
—

 
107

 
—

 
6

 
1

 
114

Net interest income - FTE 1
2,729

 
1,492

 
471

 
504

 
(17
)
 
5,179

Provision for credit losses 2
789

 
559

 
693

 
—

 
(528
)
 
1,513

Net interest income/(loss) after provision for credit losses
1,940

 
933

 
(222
)
 
504

 
511

 
3,666

Total noninterest income
1,678

 
1,231

 
241

 
297

 
(26
)
 
3,421

Total noninterest expense
3,066

 
1,874

 
1,190

 
133

 
(29
)
 
6,234

Income/(loss) before provision/(benefit) for income taxes
552

 
290

 
(1,171
)
 
668

 
514

 
853

Provision/(benefit) for income taxes 3
202

 
17

 
(454
)
 
227

 
201

 
193

Net income/(loss) including income attributable to noncontrolling interest
350

 
273

 
(717
)
 
441

 
313

 
660

Net income attributable to noncontrolling interest
—

 
3

 
—

 
9

 
1

 
13

Net income/(loss)

$350

 

$270

 

($717
)
 

$432

 

$312

 

$647

1 Presented on a matched maturity funds transfer price basis for the segments.
2 Provision for credit losses represents net charge-offs for the segments.
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)
Pre-tax
Amount
 
Income Tax
(Expense)/
Benefit
 
After-tax
Amount
AOCI, January 1, 2011

$2,531

 

($915
)
 

$1,616

Unrealized gains/(losses) on AFS securities:
 
 
 
 
 
Unrealized net gains
653

 
(242
)
 
411

Less: Reclassification adjustment for realized net gains
(117
)
 
43

 
(74
)
Unrealized gains/(losses) on cash flow hedges:
 
 
 
 
 
Unrealized net gains
684

 
(253
)
 
431

Less: Reclassification adjustment for realized net gains
(625
)
 
231

 
(394
)
Change related to employee benefit plans
(382
)
 
141

 
(241
)
AOCI, December 31, 2011
2,744

 
(995
)
 
1,749

Unrealized gains/(losses) on AFS securities:
 
 
 
 
 
Unrealized net gains
198

 
(72
)
 
126

Less: Reclassification adjustment for realized net gains 1
(2,279
)
 
810

 
(1,469
)
Unrealized gains/(losses) on cash flow hedges:
 
 
 
 
 
Unrealized net gains
81

 
(28
)
 
53

Less: Reclassification adjustment for realized net gains
(143
)
 
53

 
(90
)
Change related to employee benefit plans
(95
)
 
35

 
(60
)
AOCI, December 31, 2012

$506

 

($197
)
 

$309

Unrealized (losses)/gains on AFS securities:
 
 
 
 
 
Unrealized net losses
(944
)
 
348

 
(596
)
Less: Reclassification adjustment for realized net gains
(2
)
 
1

 
(1
)
Unrealized gains/(losses) on cash flow hedges:
 
 
 
 
 
Unrealized net gains
16

 
(6
)
 
10

Less: Reclassification adjustment for realized net gains
(417
)
 
154

 
(263
)
Change related to employee benefit plans
399

 
(147
)
 
252

AOCI, December 31, 2013

($442
)
 

$153

 

($289
)

1 Excludes $305 million of losses related to derivatives associated with the Coke Agreements termination that was recorded in securities gains on the Consolidated Statements of Income.
schedule of reclassifications from AOCI [Table Text Block] 
 
 
 
 
 
 
 
(Dollars in millions)
 
Year Ended December 31
 
Affected line item in the Consolidated Statements of Income
Details about AOCI components
 
2013
 
2012
 
2011
 
Realized gains on AFS securities:
 
 
 
 
 
 
 
 
 
 

($2
)
 

($2,279
)
 

($117
)
 
Net securities gains
 
 
1

 
810

 
43

 
Provision for income taxes
 
 

($1
)
 

($1,469
)
 

($74
)
 

Gains on cash flow hedges:
 
 
 
 
 
 
 
 

 

($417
)
 

($143
)
 

($625
)
 
Interest and fees on loans
 
 
154

 
53

 
231

 
Provision for income taxes
 
 

($263
)
 

($90
)
 

($394
)
 

Change related to employee benefit plans:
 
 
 
 
 
 
 
 
Amortization of actuarial losses
 

$26

 

$27

 

($64
)
 
Employee benefits
 
 
373

 
(122
)
 
(318
)
 
Other assets/other liabilities 1
 
 
399

 
(95
)
 
(382
)
 

 
 
(147
)
 
35

 
141

 
Provision for income taxes
 
 

$252

 

($60
)
 

($241
)
 

1 This AOCI component is recognized as an adjustment to the funded status of employee benefit plans in the Company's Consolidated Balance Sheets. (For additional information, see Note 15, "Employee Benefit Plans").
SunTrust Banks, Inc. (Parent Company Only) Financial Information (Tables)
Condensed Financial Information Of Parent Company Only Statement of Income [Table Text Block] 
 
 
 
 
 
 
 
 
 
Year Ended December 31
(Dollars in millions)
 
2013
 
2012
 
2011
Income
 
 
 
 
 
 
Dividends1
 

$1,200

 

$27

 

$29

Interest on loans
 
10

 
36

 
11

Trading income
 
16

 
18

 
53

Other income
 
7

 
23

 
132

Total income
 
1,233

 
104

 
225

Expense
 
 
 
 
 
 
Interest on short-term borrowings
 
12

 
13

 
9

Interest on long-term debt
 
96

 
177

 
226

Employee compensation and benefits2
 
24

 
111

 
(7
)
Service fees to subsidiaries
 
3

 
3

 
11

Other expense
 
(113
)
3 
43

 
133

Total expense
 
22

 
347

 
372

Income/(loss) before income tax benefit and equity in undistributed income of subsidiaries
 
1,211

 
(243
)
 
(147
)
Income tax benefit
 
8

 
91

 
49

Income/(loss) before equity in undistributed income of subsidiaries
 
1,219

 
(152
)
 
(98
)
Equity in undistributed income of subsidiaries
 
125

 
2,110

 
745

Net income
 
1,344

 
1,958

 
647

Preferred dividends
 
(37
)
 
(12
)
 
(7
)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury
 
—

 
—

 
(66
)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury
 
—

 
—

 
(74
)
Dividends and undistributed earnings allocated to unvested shares
 
(10
)
 
(15
)
 
(5
)
Net income available to common shareholders
 

$1,297

 

$1,931

 

$495

1 Substantially all dividend income received from subsidiaries.
2 Includes incentive compensation allocations between the Parent Company and subsidiaries.
3 Includes the transfer to STM of certain mortgage legal-related expenses recorded at the Parent Company in prior years.
Condensed Financial Information of Parent Company Only, Statements of Financial Condition [Table Text Block] 
 
 
 
 
 
 
 
December 31    
(Dollars in millions)
 
2013
 
2012
Assets
 
 
 
 
Cash held at SunTrust Bank
 

$238

 

$137

Interest-bearing deposits held at SunTrust Bank
 
2,756

 
604

Interest-bearing deposits held at other banks
 
20

 
20

Cash and cash equivalents
 
3,014

 
761

Trading assets and derivatives
 
92

 
103

Securities available for sale
 
316

 
279

Loans to subsidiaries
 
1,311

 
2,733

Investment in capital stock of subsidiaries stated on the
basis of the Company’s equity in subsidiaries’ capital accounts:
 
 
 
 
Banking subsidiaries
 
21,772

 
22,521

Nonbanking subsidiaries
 
1,465

 
1,368

Goodwill
 
99

 
99

Other assets
 
534

 
561

Total assets
 

$28,603

 

$28,425

Liabilities and Shareholders’ Equity
 

 
 
Short-term borrowings:
 
 
 
 
Subsidiaries
 

$656

 

$1,525

Non-affiliated companies
 
1,554

 
1,512

Long-term debt:
 
 
 
 
Subsidiaries
 
160

 
160

Non-affiliated companies
 
4,111

 
3,249

Other liabilities
 
819

 
1,108

Total liabilities
 
7,300

 
7,554

Preferred stock
 
725

 
725

Common stock
 
550

 
550

Additional paid in capital
 
9,115

 
9,174

Retained earnings
 
11,936

 
10,817

Treasury stock, at cost, and other1
 
(734
)
 
(704
)
AOCI, net of tax
 
(289
)
 
309

Total shareholders’ equity
 
21,303

 
20,871

Total liabilities and shareholders’ equity
 

$28,603

 

$28,425

1 At December 31, 2013, includes ($684) million for treasury stock and ($50) million for compensation element of restricted stock.
At December 31, 2012, includes ($656) million for treasury stock and ($48) million for compensation element of restricted stock.
Condensed Financial Information of Parent Company Only, Statements of Cash Flows [Table Text Block] 
 
Year Ended December 31
(Dollars in millions)
2013
 
2012
 
2011
Cash Flows from Operating Activities:
 
 
 
 
 
Net income

$1,344

 

$1,958

 

$647

Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
 
 
 
 
 
Equity in undistributed income of subsidiaries
(125
)
 
(2,110
)
 
(745
)
Depreciation, amortization, and accretion
5

 
10

 
17

Deferred income tax provision/(benefit)
74

 
18

 
(56
)
Excess tax benefits from stock-based compensation
(4
)
 
(11
)
 
—

Stock option compensation and amortization of restricted stock compensation
34

 
35

 
44

Net loss/(gain) on extinguishment of debt
—

 
15

 
(3
)
Net securities gains
(2
)
 
(6
)
 
(92
)
Contributions to retirement plans
(8
)
 
(26
)
 
(8
)
Net decrease/(increase) in other assets
50

 
(190
)
 
(192
)
Net (decrease)/increase in other liabilities
(327
)
 
369

 
130

Net cash provided by/(used in) operating activities
1,041

 
62

 
(258
)
Cash Flows from Investing Activities:
 
 
 
 
 
Proceeds from maturities, calls, and repayments of securities available for sale
55

 
65

 
61

Proceeds from sales of securities available for sale
57

 
47

 
6,700

Purchases of securities available for sale
(25
)
 
(68
)
 
(2,374
)
Proceeds from maturities, calls, and repayments of trading securities
1

 
2

 
137

Proceeds from sales of trading securities
8

 
—

 
75

Net change in loans to subsidiaries
1,422

 
940

 
(3,185
)
Capital contributions to subsidiaries
—

 
(150
)
 
(250
)
Net cash provided by investing activities
1,518

 
836

 
1,164

Cash Flows from Financing Activities:
 
 
 
 
 
Net (decrease)/increase in short-term borrowings
(827
)
 
935

 
463

Proceeds from the issuance of long-term debt
888

 
15

 
1,749

Repayment of long-term debt
(9
)
 
(3,073
)
 
(482
)
Proceeds from the issuance of preferred stock
—

 
438

 
103

Proceeds from the issuance of common stock
—

 
—

 
1,017

Repurchase of preferred stock
—

 
—

 
(4,850
)
Repurchase of common stock
(150
)
 
—

 
—

Stock option activity
17

 
26

 
—

Dividends paid
(225
)
 
(119
)
 
(131
)
Purchase of outstanding warrants
—

 
—

 
(11
)
Net cash used in financing activities
(306
)
 
(1,778
)
 
(2,142
)
Net increase/(decrease) in cash and cash equivalents
2,253

 
(880
)
 
(1,236
)
Cash and cash equivalents at beginning of period
761

 
1,641

 
2,877

Cash and cash equivalents at end of period

$3,014

 

$761

 

$1,641

Supplemental Disclosures:
 
 
 
 
 
Income taxes (paid to)/received from subsidiaries

($195
)
 

$621

 

($2
)
Income taxes received/(paid) by Parent Company
55

 
(605
)
 
(66
)
Net income taxes (paid)/received by Parent Company

($140
)
 

$16

 

($68
)
 
 
 
 
 
 
Interest paid

$112

 

$189

 

$246

Accretion of discount for preferred stock issued to the U.S. Treasury
—

 
—

 
80

Acquisitions/Dispositions Acquisitions/Dispositions (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
FirstAgain, LLC [Member]
Dec. 31, 2011
CSI Capital Management [Member]
Significant Acquisitions and Disposals [Line Items]
 
 
 
 
Significant Acquisitions and Disposals, Acquisition Costs or Sale Proceeds
 
$ 0 
 
 
Significant Acquisitions and Disposals, Type
 
 
Acquisition of assets of FirstAgain, LLC 
Acquisition of certain additional assets of CSI Capital Management 
Acquisitions and Disposals, Date of Transaction for Acquisition or Disposal
 
 
Jun. 22, 2012 
May 09, 2011 
Payments for (Proceeds from) Businesses and Interest in Affiliates
 
 
(12)
(19)
Goodwill, Acquired During Period
32 
 
32 
20 
Finite-lived Intangible Assets Acquired
 
 
0 
7 
Business Combination, Bargain Purchase, Gain Recognized, Amount
 
 
$ 0 
$ 0 
Acquisitions And Disposals Additional Comments
 
 
Goodwill recorded is tax-deductible. 
Goodwill and intangibles  recorded are tax-deductible. 
Significant Accounting Policies Significant Accounting Policies - additional information (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
 
 
 
Other Noninterest Expense
$ 521 
$ 689 
$ 611 
Other Expense [Member]
 
 
 
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
 
 
 
Other Noninterest Expense
$ 49 
 
 
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets Sold under Agreements to Repurchase [Line Items]
 
 
Federal Funds Sold
$ 75 
$ 29 
Securities Borrowed
184 
155 
Securities Purchased under Agreements to Resell
724 
917 
Federal Funds Sold and Securities Purchased under Agreements to Resell
$ 983 
$ 1,101 
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell - Additional Information (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets Sold under Agreements to Repurchase [Line Items]
 
 
Collateral Requirements Minimum Percentage Collateral To Fair Value Of Securities Purchased Under Repurchase Agreements
95.00% 
95.00% 
Collateral Requirements Maximum Percentage Collateral To Fair Value Of Securities Purchased Under Repurchase Agreements
110.00% 
110.00% 
Fair Value of Securities Received as Collateral that Can be Resold or Repledged
$ 913 
$ 1,100 
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged
$ 234 
$ 246 
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
Dec. 31, 2013
Dec. 31, 2012
Assets Sold under Agreements to Repurchase [Line Items]
 
 
Carrying Value of Securities Purchased under Agreements to Resell and Deposits Paid for Securities Borrowed
$ 908 
$ 1,072 
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
908 1 2
1,072 1 2
Held Financial Instruments, Not Separately Reported, Securities for Reverse Repurchase Agreements
899 
1,069 
Securities Borrowed or Purchased Under Agreements to Resell, Amount Not Offset Against Collateral
9 
3 
Carrying Value of Securities Sold under Repurchase Agreements and Deposits Received for Securities Loaned
1,759 
1,574 
Securities Sold Under Agreements to Repurchase, Amount Offset Against Collateral
0 
0 
Securities Sold under Agreements to Repurchase
1,759 2
1,574 2
Pledged Financial Instruments, Not Separately Reported, Securities for Repurchase Agreements
1,759 
1,574 
Securities Sold Under Agreements to Repurchase, Amount Not Offset Against Collateral
$ 0 
$ 0 
Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell Netting of financial instruments - repurchase agreements (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets Sold under Agreements to Repurchase [Line Items]
 
 
Federal Funds Sold
$ 75 
$ 29 
Trading Assets and Liabilities and Derivatives(Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
$ 5,040 
$ 6,227 
Trading liabilities
1,181 
1,176 
Derivative Assets
1,384 1
2,083 1
Derivative Liabilities
525 2
412 2
US Treasury Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
219 
111 
Trading liabilities
472 
582 
US Government Agencies Debt Securities
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
426 
462 
US States and Political Subdivisions Debt Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
65 
34 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
323 
432 
Collateralized Debt Obligations [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
57 
55 
Asset-backed Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
6 
36 
Corporate And Other Debt Securities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
534 
567 
Trading liabilities
179 
173 
Commercial Paper [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
29 
28 
Equity Securities
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
109 
100 
Trading liabilities
5 
9 
Derivative Financial Instruments, Assets
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
1,384 3
2,083 3
Loans
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading assets
1,888 4
2,319 4
Derivative Financial Instruments, Liabilities [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading liabilities
525 3
412 3
Other Credit Derivatives [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Derivative Assets
37 
178 
Derivative Liabilities
$ 49 
$ 15 
Trading Assets and Liabilities and Derivatives - Additional Information (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Amount of Repurchase Agreements Secured by Trading Assets
$ 717 
$ 703 
Repurchase Agreements [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading Securities Pledged as Collateral
731 
727 
Derivative [Member]
 
 
Schedule of Trading Securities and Other Trading Assets [Line Items]
 
 
Trading Securities Pledged as Collateral
$ 97 
$ 86 
Securities Available for Sale (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Document Period End Date
Dec. 31, 2012 
Dec. 31, 2013 
 
Amortized Cost
$ 21,087 
$ 22,622 
$ 21,087 
Unrealized Gains
 
454 
880 
Unrealized Losses
 
534 
14 
Available-for-sale Securities
21,953 
22,542 
21,953 
US Treasury Securities [Member]
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
212 
1,334 
212 
Unrealized Gains
 
6 
10 
Unrealized Losses
 
47 
0 
Available-for-sale Securities
222 
1,293 
222 
US Government Agencies Debt Securities
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
1,987 
1,028 
1,987 
Unrealized Gains
 
13 
85 
Unrealized Losses
 
57 
3 
Available-for-sale Securities
2,069 
984 
2,069 
US States and Political Subdivisions Debt Securities [Member]
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
310 
232 
310 
Unrealized Gains
 
7 
15 
Unrealized Losses
 
2 
5 
Available-for-sale Securities
320 
237 
320 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
17,416 
18,915 
17,416 
Unrealized Gains
 
421 
756 
Unrealized Losses
 
425 
3 
Available-for-sale Securities
18,169 
18,911 
18,169 
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
205 
155 
205 
Unrealized Gains
 
1 
4 
Unrealized Losses
 
2 
0 
Available-for-sale Securities
209 
154 
209 
Asset-backed Securities [Member]
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
214 
78 
214 
Unrealized Gains
 
2 
5 
Unrealized Losses
 
1 
3 
Available-for-sale Securities
216 
79 
216 
Other Debt Obligations [Member]
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
42 
39 
42 
Unrealized Gains
 
3 
4 
Unrealized Losses
 
0 
0 
Available-for-sale Securities
46 
42 
46 
Equity Securities
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Amortized Cost
701 1
841 1
701 1
Unrealized Gains
 
1 1
1 1
Unrealized Losses
 
0 1
0 1
Available-for-sale Securities
$ 702 1
$ 842 1
$ 702 1
Securities Available for Sale (Parenthetical) (Detail) (Equity Securities, USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
 
 
Federal Home Loan Bank (FHLB) of Atlanta stock (par value)
$ 336 
$ 229 
Federal Reserve Bank Stock
402 
402 
Mutual fund investments (par value)
103 
69 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
Investments, Fair Value Disclosure
$ 1 
$ 2 
Interest and dividends on SAFS (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Interest Income, Securities, Taxable
$ 537 
$ 579 
$ 688 
Interest Income, Securities, Tax Exempt
10 
15 
21 
Dividend Income, Operating
32 
61 1
82 1
Interest and Dividend Income, Securities, Available-for-sale
$ 579 
$ 655 2
$ 791 2
Interest and dividends on SAFS (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
 
 
Dividends On Certain Equity Securities
$ 31 1
$ 56 
Securities Available for Sale - Additional Information (Detail) (USD $)
Share data in Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2013
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Dec. 31, 2012
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Dec. 31, 2013
Other Than Temporarily Impaired Securities [Member]
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Dec. 31, 2012
Other Than Temporarily Impaired Securities [Member]
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Dec. 31, 2011
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 Pledged as Collateral
$ 10,600,000,000 
$ 11,000,000,000 
 
 
 
 
 
Securities AFS Pledged Transferee Can Transfer
0 
0 
 
 
 
 
 
Sold equity forward agreement underlying shares
59 
 
 
 
 
 
 
Executed equity forward agreement underlying shares
60 
 
 
 
 
 
 
Contributed equity forward agreement underlying shares
1 
 
 
 
 
 
 
Net gain on sale of certain other equity securities
1,900,000,000 
 
 
 
 
 
 
Noncash Contribution Expense
38,000,000 
 
 
 
 
 
 
Available-for-sale Securities
$ 21,953,000,000 
$ 22,542,000,000 
$ 154,000,000 
$ 209,000,000 
$ 22,000,000 
$ 209,000,000 
$ 167,000,000 
Amortized Cost and Fair Value of Investments in Debt Securities by Estimated Average Life (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Distribution of Maturities: Amortized Cost, 1 Year or Less
$ 1,787 
Distribution of Maturities: Amortized Cost, 1-5 Years
6,947 
Distribution of Maturities: Amortized Cost, 5-10 Years
9,094 
Distribution of Maturities: Amortized Cost, After 10 Years
3,953 
Distribution of Maturities: Amortized Cost, Total
21,781 
Distribution of Maturities: Fair Value, 1 Year or Less
1,878 
Distribution of Maturities: Fair Value, 1-5 Years
7,156 
Distribution of Maturities: Fair Value, 5-10 Years
8,959 
Distribution of Maturities: Fair Value, After 10 Years
3,707 
Distribution of Maturities: Fair Value, Total
21,700 
Available For Sale Securities Debt Maturities, Yield, One Year Or Less
2.95% 1
Available For Sale Securities Debt Maturities, Yield, After One Through Five Years
2.72% 1
Available For Sale Securities Debt Maturities, Yield, After Five Through Ten Years
2.83% 1
Available For Sale Securities Debt Maturities, Yield, After Ten Years
2.85% 1
Available For Sale Securities Debt Maturities, Yield
2.81% 1
US Treasury Securities [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
1 
Distribution of Maturities: Amortized Cost, 1-5 Years
645 
Distribution of Maturities: Amortized Cost, 5-10 Years
688 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
1,334 
Distribution of Maturities: Fair Value, 1 Year or Less
1 
Distribution of Maturities: Fair Value, 1-5 Years
647 
Distribution of Maturities: Fair Value, 5-10 Years
645 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
1,293 
US Government Agencies Debt Securities
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
51 
Distribution of Maturities: Amortized Cost, 1-5 Years
261 
Distribution of Maturities: Amortized Cost, 5-10 Years
566 
Distribution of Maturities: Amortized Cost, After 10 Years
150 
Distribution of Maturities: Amortized Cost, Total
1,028 
Distribution of Maturities: Fair Value, 1 Year or Less
51 
Distribution of Maturities: Fair Value, 1-5 Years
271 
Distribution of Maturities: Fair Value, 5-10 Years
518 
Distribution of Maturities: Fair Value, After 10 Years
144 
Distribution of Maturities: Fair Value, Total
984 
US States and Political Subdivisions Debt Securities [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
102 
Distribution of Maturities: Amortized Cost, 1-5 Years
66 
Distribution of Maturities: Amortized Cost, 5-10 Years
21 
Distribution of Maturities: Amortized Cost, After 10 Years
43 
Distribution of Maturities: Amortized Cost, Total
232 
Distribution of Maturities: Fair Value, 1 Year or Less
104 
Distribution of Maturities: Fair Value, 1-5 Years
70 
Distribution of Maturities: Fair Value, 5-10 Years
21 
Distribution of Maturities: Fair Value, After 10 Years
42 
Distribution of Maturities: Fair Value, Total
237 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
1,575 
Distribution of Maturities: Amortized Cost, 1-5 Years
5,780 
Distribution of Maturities: Amortized Cost, 5-10 Years
7,800 
Distribution of Maturities: Amortized Cost, After 10 Years
3,760 
Distribution of Maturities: Amortized Cost, Total
18,915 
Distribution of Maturities: Fair Value, 1 Year or Less
1,665 
Distribution of Maturities: Fair Value, 1-5 Years
5,969 
Distribution of Maturities: Fair Value, 5-10 Years
7,756 
Distribution of Maturities: Fair Value, After 10 Years
3,521 
Distribution of Maturities: Fair Value, Total
18,911 
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
0 
Distribution of Maturities: Amortized Cost, 1-5 Years
155 
Distribution of Maturities: Amortized Cost, 5-10 Years
0 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
155 
Distribution of Maturities: Fair Value, 1 Year or Less
0 
Distribution of Maturities: Fair Value, 1-5 Years
154 
Distribution of Maturities: Fair Value, 5-10 Years
0 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
154 
Asset-backed Securities [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
58 
Distribution of Maturities: Amortized Cost, 1-5 Years
18 
Distribution of Maturities: Amortized Cost, 5-10 Years
2 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
78 
Distribution of Maturities: Fair Value, 1 Year or Less
57 
Distribution of Maturities: Fair Value, 1-5 Years
20 
Distribution of Maturities: Fair Value, 5-10 Years
2 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
79 
Other Debt Obligations [Member]
 
Distribution of Maturities: Amortized Cost, 1 Year or Less
0 
Distribution of Maturities: Amortized Cost, 1-5 Years
22 
Distribution of Maturities: Amortized Cost, 5-10 Years
17 
Distribution of Maturities: Amortized Cost, After 10 Years
0 
Distribution of Maturities: Amortized Cost, Total
39 
Distribution of Maturities: Fair Value, 1 Year or Less
0 
Distribution of Maturities: Fair Value, 1-5 Years
25 
Distribution of Maturities: Fair Value, 5-10 Years
17 
Distribution of Maturities: Fair Value, After 10 Years
0 
Distribution of Maturities: Fair Value, Total
$ 42 
Securities with Unrealized Losses (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
$ 10,724 
$ 1,511 
Less than twelve months, Unrealized Losses
436 
6 
Twelve months or longer, Fair Value
915 
40 
Twelve months or longer, Unrealized Losses
98 
8 
Total, Fair Value
11,639 
1,551 
Total, Unrealized Losses
534 
14 
Temporarily Impaired Securities
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
10,619 
1,511 
Less than twelve months, Unrealized Losses
434 
6 
Twelve months or longer, Fair Value
915 
37 
Twelve months or longer, Unrealized Losses
98 
7 
Total, Fair Value
11,534 
1,548 
Total, Unrealized Losses
532 
13 
Temporarily Impaired Securities |
US Treasury Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
1,036 
 
Less than twelve months, Unrealized Losses
47 
 
Twelve months or longer, Fair Value
0 
 
Twelve months or longer, Unrealized Losses
0 
 
Total, Fair Value
1,036 
 
Total, Unrealized Losses
47 
 
Temporarily Impaired Securities |
US Government Agencies Debt Securities
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
398 
298 
Less than twelve months, Unrealized Losses
29 
3 
Twelve months or longer, Fair Value
264 
0 
Twelve months or longer, Unrealized Losses
28 
0 
Total, Fair Value
662 
298 
Total, Unrealized Losses
57 
3 
Temporarily Impaired Securities |
US States and Political Subdivisions Debt Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
12 
1 
Less than twelve months, Unrealized Losses
0 
0 
Twelve months or longer, Fair Value
20 
24 
Twelve months or longer, Unrealized Losses
2 
5 
Total, Fair Value
32 
25 
Total, Unrealized Losses
2 
5 
Temporarily Impaired Securities |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
9,173 
1,212 
Less than twelve months, Unrealized Losses
358 
3 
Twelve months or longer, Fair Value
618 
0 
Twelve months or longer, Unrealized Losses
67 
0 
Total, Fair Value
9,791 
1,212 
Total, Unrealized Losses
425 
3 
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
13 
13 
Twelve months or longer, Unrealized Losses
1 
2 
Total, Fair Value
13 
13 
Total, Unrealized Losses
1 
2 
Other Than Temporarily Impaired Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
105 1
0 1
Less than twelve months, Unrealized Losses
2 1
0 1
Twelve months or longer, Fair Value
0 1
3 1
Twelve months or longer, Unrealized Losses
0 1
1 1
Total, Fair Value
105 1
3 1
Total, Unrealized Losses
2 1
1 1
Other Than Temporarily Impaired Securities [Member] |
Asset-backed Securities [Member]
 
 
Investments, Unrealized Loss Position [Line Items]
 
 
Less than twelve months, Fair Value
 
0 1
Less than twelve months, Unrealized Losses
 
0 1
Twelve months or longer, Fair Value
 
3 1
Twelve months or longer, Unrealized Losses
 
1 1
Total, Fair Value
 
3 1
Total, Unrealized Losses
 
1 1
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
105 1
 
Less than twelve months, Unrealized Losses
2 1
 
Twelve months or longer, Fair Value
0 1
 
Twelve months or longer, Unrealized Losses
0 1
 
Total, Fair Value
105 1
 
Total, Unrealized Losses
$ 2 1
 
Gross Realized Gains and Losses on Sales and OTTI on Securities Available for Sale (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Gross realized gains
$ 39 
$ 1,981 1
$ 210 
Available-for-sale Securities, Gross Realized Losses
(36)
0 
(87)
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities
(1)
(7)
(6)
Gain (Loss) on Sale of Securities, Net
$ 2 2
$ 1,974 2
$ 117 2
Gross Realized Gains and Losses on Sales and OTTI on Securities Available for Sale (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Gain (Loss) on Investments [Line Items]
 
Gain (Loss) on Contract Termination
$ (305)
OTTI Losses on Available for Sale Securities (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities
$ 1 
$ 7 
$ 6 
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities
0 1
(1)1
(2)1
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities
1 
6 
4 
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities
$ 1 
$ 7 
$ 6 
Significant Inputs Considered in Determining the Measurement of Credit Losses Recognized in Earnings for Securities (Detail)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Minimum [Member]
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Current default rate
2.00% 
2.00% 
4.00% 
Prepayment rate
7.00% 
7.00% 
12.00% 
Inputs Considered In Determining Measurement Of Credit Losses Loss Severity
46.00% 
40.00% 
39.00% 
Maximum [Member]
 
 
 
Schedule of Available-for-sale Securities [Line Items]
 
 
 
Current default rate
9.00% 
9.00% 
8.00% 
Prepayment rate
21.00% 
21.00% 
22.00% 
Inputs Considered In Determining Measurement Of Credit Losses Loss Severity
74.00% 
56.00% 
46.00% 
Loans - Additional Information (Detail) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loans and Leases Receivable, Net Amount
$ 125,833,000,000 
$ 119,296,000,000 
 
Value of loans transferred from LHFI to LHFS
(280,000,000)
(3,695,000,000)
(754,000,000)
Transfer of Loans Held-for-sale to Portfolio Loans
43,000,000 
71,000,000 
63,000,000 
Loans held for investment sold
807,000,000 
4,800,000,000 
 
Gain (Loss) on Sales of Loans, Net
1,000,000 
(3,000,000)
 
Loans and Leases Receivable, Impaired, Commitment to Lend
8,000,000 
1,000,000 
 
Loans held for investment
127,877,000,000 1
121,470,000,000 1
 
Accrual Loans [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Modifications, Recorded Investment
2,700,000,000 
2,400,000,000 
 
Accruing TDRs current
96.00% 
95.00% 
 
Commercial Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loans held for investment
64,310,000,000 
58,888,000,000 
 
Consumer Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loans held for investment
20,377,000,000 
19,383,000,000 
 
Residential Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loans held for investment
43,190,000,000 
43,199,000,000 
 
Home Equity Line of Credit [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loans held for investment
14,809,000,000 2
14,805,000,000 2
 
Federally Guaranteed Student Loans [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Percentage of Loan Portfolio Current
81.00% 
89.00% 
 
Loans held for investment
5,545,000,000 
5,357,000,000 
 
Residential Guaranteed [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Percentage of Loan Portfolio Current
82.00% 
83.00% 
 
Loans held for investment
3,416,000,000 
4,252,000,000 
 
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 
 
 
Cross-Border Outstanding Loans
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loans and Leases Receivable, Gross, Foreign
956,000,000 
562,000,000 
 
Credit Concentration Risk [Member] |
Residential Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loans held for investment
43,200,000,000 
43,200,000,000 
 
ResidentialLoansInterestOnlyHighOriginalLTVAndOrSecondLien
12,400,000,000 
13,700,000,000 
 
Residential Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Loan subcategory as a percent of total loans
34.00% 
36.00% 
 
Government guaranteed percent
8.00% 
10.00% 
 
Home Equity Line of Credit [Member] |
Credit Concentration Risk [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Unused Commitments to Extend Credit
11,200,000,000 
11,700,000,000 
 
Mortgage Loans on Real Estate [Member] |
Credit Concentration Risk [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Unused Commitments to Extend Credit
2,700,000,000 
9,200,000,000 
 
Residential Mortgage Interest Only Loans [Member] |
Credit Concentration Risk [Member] |
Residential Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
ResidentialLoansInterestOnlyHighOriginalLTVAndOrSecondLien
5,500,000,000 
7,600,000,000 
 
LoansWithNoMortgageInsuranceAndFirstLienHighOriginalLTVOrSecondLien [Member] |
Residential Mortgage Interest Only Loans [Member] |
Credit Concentration Risk [Member] |
Residential Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
ResidentialLoansInterestOnlyHighOriginalLTVAndOrSecondLien
1,100,000,000 
1,500,000,000 
 
LoansWithNoMortgageInsuranceAndFirstLienHighOriginalLTVOrSecondLien [Member] |
Residential Mortgage Amortizing Loans [Member] |
Credit Concentration Risk [Member] |
Residential Portfolio Segment [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
ResidentialLoansInterestOnlyHighOriginalLTVAndOrSecondLien
$ 6,900,000,000 
$ 6,100,000,000 
 
Composition of the Company's Loan Portfolio (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 127,877 1
$ 121,470 1
Loans Held for Sale
1,699 2
3,399 2
Commercial Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
64,310 
58,888 
Residential Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
43,190 
43,199 
Consumer Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
20,377 
19,383 
Commercial and Industrial [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
57,974 
54,048 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,481 
4,127 
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
855 
713 
Residential Guaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
3,416 
4,252 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
24,412 3 4
23,389 3 5
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
14,809 3
14,805 3
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
553 3
753 3
Federally Guaranteed Student Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,545 
5,357 
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
2,829 6
2,396 6
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
11,272 6
10,998 6
Consumer Credit Card Financing Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
731 6
632 6
Loans Held For Investment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
127,877 7
121,470 7
Loans Held For Investment [Member] |
Commercial and Industrial [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
57,974 
54,048 
Loans Held For Investment [Member] |
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,481 
4,127 
Loans Held For Investment [Member] |
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
855 
713 
Loans Held For Investment [Member] |
Residential Guaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
3,416 
4,252 
Loans Held For Investment [Member] |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
24,412 8
23,389 8
Loans Held For Investment [Member] |
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
14,809 
14,805 
Loans Held For Investment [Member] |
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
553 
753 
Loans Held For Investment [Member] |
Federally Guaranteed Student Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,545 
5,357 
Loans Held For Investment [Member] |
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
2,829 
2,396 
Loans Held For Investment [Member] |
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
11,272 
10,998 
Loans Held For Investment [Member] |
Consumer Credit Card Financing Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
731 
632 
Commercial Portfolio Segment [Member] |
Loans |
Loans Held For Investment [Member] |
Commercial Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
64,310 
58,888 
Residential Portfolio Segment [Member] |
Loans |
Loans Held For Investment [Member] |
Residential Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
43,190 
43,199 
Consumer Portfolio Segment [Member] |
Loans |
Loans Held For Investment [Member] |
Consumer Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 20,377 
$ 19,383 
Composition of the Company's Loan Portfolio (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
$ 302 
$ 379 
Loans and Leases Receivable, Net of Deferred Income
739 
805 
Residential Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
302 
379 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
$ 302 
$ 379 
LHFI by Credit Quality Indicator (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 127,877 1
$ 121,470 1
Commercial and Industrial [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
57,974 
54,048 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,481 
4,127 
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
855 
713 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
24,412 2 3
23,389 2 4
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
14,809 2
14,805 2
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
553 2
753 2
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
2,829 5
2,396 5
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
11,272 5
10,998 5
Consumer Credit Card Financing Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
731 5
632 5
Pass |
Commercial and Industrial [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
56,443 
52,292 
Pass |
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,245 
3,564 
Pass |
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
798 
506 
Criticized Accruing |
Commercial and Industrial [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,335 
1,562 
Criticized Accruing |
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
197 
497 
Criticized Accruing |
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
45 
173 
Criticized Nonaccruing |
Commercial and Industrial [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
196 
194 
Criticized Nonaccruing |
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
39 
66 
Criticized Nonaccruing |
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
12 
34 
FICO Score 700 and Above [Member] |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
19,100 2
17,410 2
FICO Score 700 and Above [Member] |
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
11,661 2
11,339 2
FICO Score 700 and Above [Member] |
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
423 2
561 2
FICO Score 700 and Above [Member] |
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
2,370 5
1,980 5
FICO Score 700 and Above [Member] |
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
8,420 5
8,300 5
FICO Score 700 and Above [Member] |
Consumer Credit Card Financing Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
512 5
435 5
FICO Score Between 620 and 699 |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
3,652 2
3,850 2
FICO Score Between 620 and 699 |
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
2,186 2
2,297 2
FICO Score Between 620 and 699 |
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
90 2
123 2
FICO Score Between 620 and 699 |
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
397 5
350 5
FICO Score Between 620 and 699 |
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
2,228 5
2,038 5
FICO Score Between 620 and 699 |
Consumer Credit Card Financing Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
176 5
152 5
FICO Score Below 620 |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
1,660 2 6
2,129 2 6
FICO Score Below 620 |
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
962 2 6
1,169 2 6
FICO Score Below 620 |
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
40 2 6
69 2 6
FICO Score Below 620 |
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
62 5 6
66 5 6
FICO Score Below 620 |
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
624 5 6
660 5 6
FICO Score Below 620 |
Consumer Credit Card Financing Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 43 5 6
$ 45 5 6
LHFI by Credit Quality Indicator (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 127,877 1
$ 121,470 1
Residential Guaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
3,416 
4,252 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
24,412 2 3
23,389 2 4
Federally Guaranteed Student Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
5,545 
5,357 
FICO Score 700 and Above [Member] |
Residential Guaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
3,400 
4,300 
FICO Score 700 and Above [Member] |
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Loans held for investment
$ 19,100 2
$ 17,410 2
Payment Status for the LHFI Portfolio (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
$ 124,733 
$ 118,008 
Accruing 30-89 Days Past Due
945 
1,133 
Accruing 90+ Days Past Due
1,228 
782 
Nonaccruing
971 1 2
1,547 1 3
Total
127,877 4
121,470 4
Commercial Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
63,985 
58,476 
Accruing 30-89 Days Past Due
53 
92 
Accruing 90+ Days Past Due
25 
26 
Nonaccruing
247 2
294 3
Total
64,310 
58,888 
Residential Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
41,563 
40,863 
Accruing 30-89 Days Past Due
331 
395 
Accruing 90+ Days Past Due
584 
713 
Nonaccruing
712 2
1,228 3
Total
43,190 
43,199 
Consumer Portfolio Segment [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
19,185 
18,669 
Accruing 30-89 Days Past Due
561 
646 
Accruing 90+ Days Past Due
619 
43 
Nonaccruing
12 2
25 3
Total
20,377 
19,383 
Commercial and Industrial [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
57,713 
53,747 
Accruing 30-89 Days Past Due
47 
81 
Accruing 90+ Days Past Due
18 
26 
Nonaccruing
196 2
194 3
Total
57,974 
54,048 
Commercial Real Estate [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
5,430 
4,050 
Accruing 30-89 Days Past Due
5 
11 
Accruing 90+ Days Past Due
7 
0 
Nonaccruing
39 2
66 3
Total
5,481 
4,127 
Commercial Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
842 
679 
Accruing 30-89 Days Past Due
1 
0 
Accruing 90+ Days Past Due
0 
0 
Nonaccruing
12 2
34 3
Total
855 
713 
Residential Guaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
2,787 
3,523 
Accruing 30-89 Days Past Due
58 
39 
Accruing 90+ Days Past Due
571 
690 
Nonaccruing
0 2
0 3
Total
3,416 
4,252 
Residential Nonguaranteed [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
23,808 5
22,401 6
Accruing 30-89 Days Past Due
150 5
192 6
Accruing 90+ Days Past Due
13 5
21 6
Nonaccruing
441 2 5
775 3 6
Total
24,412 5 7
23,389 6 7
Home Equity Line of Credit [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
14,480 
14,314 
Accruing 30-89 Days Past Due
119 
149 
Accruing 90+ Days Past Due
0 
1 
Nonaccruing
210 2
341 3
Total
14,809 7
14,805 7
Residential Construction [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
488 
625 
Accruing 30-89 Days Past Due
4 
15 
Accruing 90+ Days Past Due
0 
1 
Nonaccruing
61 2
112 3
Total
553 7
753 7
Federally Guaranteed Student Loans [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
4,475 
4,769 
Accruing 30-89 Days Past Due
461 
556 
Accruing 90+ Days Past Due
609 
32 
Nonaccruing
0 2
0 3
Total
5,545 
5,357 
Consumer Other Direct [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
2,803 
2,372 
Accruing 30-89 Days Past Due
18 
15 
Accruing 90+ Days Past Due
3 
3 
Nonaccruing
5 2
6 3
Total
2,829 8
2,396 8
Consumer Indirect [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
11,189 
10,909 
Accruing 30-89 Days Past Due
75 
68 
Accruing 90+ Days Past Due
1 
2 
Nonaccruing
7 2
19 3
Total
11,272 8
10,998 8
Consumer Credit Card Financing Receivable [Member]
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
Accruing Current
718 
619 
Accruing 30-89 Days Past Due
7 
7 
Accruing 90+ Days Past Due
6 
6 
Nonaccruing
0 2
0 3
Total
$ 731 8
$ 632 8
Payment Status for the LHFI Portfolio (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Financing Receivable, Impaired [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
$ 302 
$ 379 
Nonaccruing 90 Plus Days Past Due
653 
975 
Residential Portfolio Segment [Member]
 
 
Financing Receivable, Impaired [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
302 
379 
Residential Nonguaranteed [Member]
 
 
Financing Receivable, Impaired [Line Items]
 
 
Loans Receivable, Fair Value Disclosure
$ 302 
$ 379 
LHFI Considered Impaired (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Interest Income, Cash Basis Method
$ 10 
$ 18 
$ 25 
Impaired Financing Receivable, Unpaid Principal Balance
3,625 
3,523 
 
Impaired Financing Receivable, Recorded Investment
3,159 1
3,078 1
 
Impaired Financing Receivable, Related Allowance
363 
364 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
3,175 
3,154 
3,751 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
138 2
127 2
132 2
Commercial Portfolio Segment [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
135 
102 
212 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
3 2
2 2
5 2
Impaired Financing Receivable, Unpaid Principal Balance
65 
66 
 
Impaired Financing Receivable, Recorded Investment
55 1
48 1
 
Impaired Financing Receivable, Related Allowance
10 
7 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
53 
64 
292 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
1 2
1 2
5 2
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
142 
110 
 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
116 1
90 1
 
Residential Portfolio Segment [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
3,308 
3,266 
 
Impaired Financing Receivable, Recorded Investment
2,878 1
2,859 1
 
Impaired Financing Receivable, Related Allowance
345 
348 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
2,867 
2,899 
3,208 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
128 2
119 2
119 2
Consumer Portfolio Segment [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
110 
81 
 
Impaired Financing Receivable, Recorded Investment
110 1
81 1
 
Impaired Financing Receivable, Related Allowance
8 
9 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
120 
89 
39 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
6 2
5 2
3 2
Commercial and Industrial [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
75 
48 
109 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
1 2
1 2
3 2
Impaired Financing Receivable, Unpaid Principal Balance
51 
46 
 
Impaired Financing Receivable, Recorded Investment
49 1
38 1
 
Impaired Financing Receivable, Related Allowance
10 
6 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
45 
51 
68 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
1 2
1 2
1 2
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
81 
59 
 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
56 1
40 1
 
Commercial Real Estate [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
60 
9 
56 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
2 2
0 2
1 2
Impaired Financing Receivable, Unpaid Principal Balance
8 
15 
 
Impaired Financing Receivable, Recorded Investment
3 1
7 1
 
Impaired Financing Receivable, Related Allowance
0 
1 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
3 
9 
103 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
0 2
0 2
2 2
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
61 
6 
 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
60 1
5 1
 
Commercial Construction [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment
0 
45 
47 
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
0 2
1 2
1 2
Impaired Financing Receivable, Unpaid Principal Balance
6 
5 
 
Impaired Financing Receivable, Recorded Investment
3 1
3 1
 
Impaired Financing Receivable, Related Allowance
0 
0 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
5 
4 
121 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
0 2
0 2
2 2
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
0 
45 
 
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
0 1
45 1
 
Residential Nonguaranteed [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
2,357 
2,346 
 
Impaired Financing Receivable, Recorded Investment
2,051 1
2,046 1
 
Impaired Financing Receivable, Related Allowance
226 
234 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
2,025 
2,063 
2,451 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
94 2
83 2
88 2
Home Equity Line of Credit [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
710 
661 
 
Impaired Financing Receivable, Recorded Investment
638 1
612 1
 
Impaired Financing Receivable, Related Allowance
96 
88 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
649 
627 
528 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
23 2
26 2
23 2
Residential Construction [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
241 
259 
 
Impaired Financing Receivable, Recorded Investment
189 1
201 1
 
Impaired Financing Receivable, Related Allowance
23 
26 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
193 
209 
229 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
11 2
10 2
8 2
Consumer Other Direct [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
14 
14 
 
Impaired Financing Receivable, Recorded Investment
14 1
14 1
 
Impaired Financing Receivable, Related Allowance
0 
2 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
15 
15 
13 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
1 2
1 2
1 2
Consumer Indirect [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
83 
46 
 
Impaired Financing Receivable, Recorded Investment
83 1
46 1
 
Impaired Financing Receivable, Related Allowance
5 
2 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
89 
50 
0 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
4 2
2 2
0 2
Consumer Credit Card Financing Receivable [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Unpaid Principal Balance
13 
21 
 
Impaired Financing Receivable, Recorded Investment
13 1
21 1
 
Impaired Financing Receivable, Related Allowance
3 
5 
 
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
16 
24 
26 
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
1 2
2 2
2 2
Impaired Financing Receivables With No Related Allowance [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Related Allowance
 
0 
 
Impaired Financing Receivables With No Related Allowance [Member] |
Commercial Portfolio Segment [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Related Allowance
0 
 
 
Impaired Financing Receivables With No Related Allowance [Member] |
Commercial and Industrial [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Related Allowance
0 
0 
 
Impaired Financing Receivables With No Related Allowance [Member] |
Commercial Real Estate [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Related Allowance
0 
0 
 
Impaired Financing Receivables With No Related Allowance [Member] |
Commercial Construction [Member]
 
 
 
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Related Allowance
$ 0 
$ 0 
 
LHFI Considered Impaired (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
 
 
 
Impaired Financing Receivable, Interest Income, Cash Basis Method
$ 10 
$ 18 
$ 25 
Nonperforming Assets (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Nonaccrual/NPLs
$ 971 1 2
$ 1,547 1 3
OREO
170 4
264 4
Other repossessed assets
7 
9 
Loans Held-for-sale, Other
17 
37 
Total nonperforming assets
1,165 
1,857 
Commercial and Industrial [Member]
 
 
Nonaccrual/NPLs
196 2
194 3
Commercial Real Estate [Member]
 
 
Nonaccrual/NPLs
39 2
66 3
Commercial Construction [Member]
 
 
Nonaccrual/NPLs
12 2
34 3
Residential Nonguaranteed [Member]
 
 
Nonaccrual/NPLs
441 2 5
775 3 6
Home Equity Line of Credit [Member]
 
 
Nonaccrual/NPLs
210 2
341 3
Residential Construction [Member]
 
 
Nonaccrual/NPLs
61 2
112 3
Consumer Other Direct [Member]
 
 
Nonaccrual/NPLs
5 2
6 3
Consumer Indirect [Member]
 
 
Nonaccrual/NPLs
$ 7 2
$ 19 3
Nonperforming Assets (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Receivables on federally insured FHA/VA foreclosures
$ 88 
$ 140 
Loans TDR Modifications (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
contracts
Dec. 31, 2012
contracts
Dec. 31, 2011
contracts
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
8,774 1
11,916 1
6,272 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
$ 19 1 2
$ 29 1 3
$ 106 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
270 1 5
202 1 6
478 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
346 1
385 1 8
235 1
Financing Receivable, Amount Restructured During Period
635 1
616 1
819 1
Consumer Indirect [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
3,409 1
2,803 1
 
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 1 2
0 1 3
 
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
0 1 5
0 1 6
 
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
65 1
49 1 8
 
Financing Receivable, Amount Restructured During Period
65 1
49 1
 
Commercial and Industrial [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
152 1
358 1
510 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
18 1 2
5 1 3
28 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
2 1 5
4 1 6
45 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
105 1
23 1 8
55 1
Financing Receivable, Amount Restructured During Period
125 1
32 1
128 1
Commercial Real Estate [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
6 1
33 1
43 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 1 2
20 1 3
40 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
3 1 5
7 1 6
26 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
1 1
6 1 8
22 1
Financing Receivable, Amount Restructured During Period
4 1
33 1
88 1
Commercial Construction [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
1 1
16 1
102 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 1 2
4 1 3
38 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
0 1 5
0 1 6
8 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
0 1
14 1 8
97 1
Financing Receivable, Amount Restructured During Period
0 1
18 1
143 1
Residential Nonguaranteed [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
1,584 1
2,804 1
967 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
1 1 2
0 1 3
0 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
166 1 5
72 1 6
233 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
94 1
125 1 8
16 1
Financing Receivable, Amount Restructured During Period
261 1
197 1
249 1
Home Equity Line of Credit [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
2,630 1
3,790 1
1,737 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 1 2
0 1 3
0 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
71 1 5
110 1 6
134 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
75 1
91 1 8
6 1
Financing Receivable, Amount Restructured During Period
146 1
201 1
140 1
Residential Construction [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
259 1
564 1
367 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 1 2
0 1 3
0 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
24 1 5
1 1 6
17 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
3 1
73 1 8
36 1
Financing Receivable, Amount Restructured During Period
27 1
74 1
53 1
Consumer Other Direct [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
140 1
127 1
78 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 1 2
0 1 3
0 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
1 1 5
0 1 6
1 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
3 1
4 1 8
3 1
Financing Receivable, Amount Restructured During Period
4 1
4 1
4 1
Consumer Credit Card Financing Receivable [Member]
 
 
 
Financing Receivable, Modifications [Line Items]
 
 
 
Financing Receivable, Restructured During Period, Number Of Contracts
593 1
1,421 1
2,468 1
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted
0 1 2
0 1 3
0 1 4
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted
3 1 5
8 1 6
14 1 7
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted
0 1
0 1 8
0 1
Financing Receivable, Amount Restructured During Period
$ 3 1
$ 8 1
$ 14 1
Loans TDR modifications (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
ones
Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
 
 
 
PrincipalForgivenessRestructuringImpact
$ 2 
$ 9 
$ 17 
NumberOfLoansDischargedButNotReaffirmedInChapter7BankruptcyMovedToNonaccrual
 
4,231 
 
LoansDischargedButNotReaffirmedInChapter7BankruptcyMovedtoNonaccrual
 
$ 201 
 
Loans Troubled Debt Restructurings (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
contracts
Dec. 31, 2012
contracts
Dec. 31, 2011
contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
975 
683 
1,238 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
$ 48 
$ 52 
$ 204 
Commercial and Industrial [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
55 
84 
71 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
5 
5 
14 
Commercial Real Estate [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
5 
9 
14 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
3 
5 
22 
Commercial Construction [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
1 
10 
32 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
0 
7 
28 
Residential Nonguaranteed [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
287 
141 
455 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
23 
20 
108 
Home Equity Line of Credit [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
188 
164 
220 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
10 
11 
22 
Residential Construction [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
48 
24 
33 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
3 
3 
7 
Consumer Other Direct [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
15 
4 
10 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
1 
0 
0 
Consumer Indirect [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
207 
43 
 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
2 
 
 
Consumer Credit Card Financing Receivable [Member]
 
 
 
Accounts, Notes, Loans and Financing Receivable [Line Items]
 
 
 
Financing Receivable, Restructured, Payment Default During Peiriod, Number of Contracts
169 
204 
403 
Financing Receivable, Restructured, Payment Default During Period, Amortized Cost at Default
$ 1 
$ 1 
$ 3 
Activity in the Allowance for Credit Losses (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Components:
 
 
 
Balance at beginning of period
$ 2,219 
$ 2,505 
$ 3,032 
Provision for loan losses
548 
1,398 
1,523 
Provision(Benefit) for unfunded commitments
(5)
3 
10 
Loan charge-offs
(869)
(1,907)
(2,241)
Loan recoveries
191 
226 
201 
Balance at end of period
2,094 
2,219 
2,505 
Loans and Leases Receivable, Allowance
2,044 
2,174 
2,457 
Unfunded commitments reserve
50 1
45 1
48 1
Allowance for credit losses
$ 2,094 
$ 2,219 
$ 2,505 
Activity in the ALLL by segment (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
Balance at beginning of period
$ 2,174 
$ 2,457 
 
Provision for loan losses
548 
1,398 
1,523 
Loan charge-offs
(869)
(1,907)
(2,241)
Loan recoveries
191 
226 
201 
Balance at end of period
2,044 
2,174 
2,457 
Commercial Portfolio Segment [Member]
 
 
 
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
Balance at beginning of period
902 
964 
 
Provision for loan losses
197 
241 
 
Loan charge-offs
(219)
(457)
 
Loan recoveries
66 
154 
 
Balance at end of period
946 
902 
 
Residential Portfolio Segment [Member]
 
 
 
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
Balance at beginning of period
1,131 
1,354 
 
Provision for loan losses
243 
1,062 
 
Loan charge-offs
(531)
(1,316)
 
Loan recoveries
87 
31 
 
Balance at end of period
930 
1,131 
 
Consumer Portfolio Segment [Member]
 
 
 
Allowance for Loan and Lease Losses [Roll Forward]
 
 
 
Balance at beginning of period
141 
139 
 
Provision for loan losses
108 
95 
 
Loan charge-offs
(119)
(134)
 
Loan recoveries
38 
41 
 
Balance at end of period
$ 168 
$ 141 
 
Premises and Equipment - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Property, Plant and Equipment [Line Items]
 
 
 
Capital Leased Assets, Gross
$ 5 
$ 6 
 
Operating Leases, Rent Expense, Net
220 
228 
225 
Depreciation, Depletion and Amortization
$ 185 
$ 188 
$ 181 
Premises and Equipment (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Property, Plant and Equipment [Abstract]
 
 
Premises and Equipment
Text Block 
 
Property, Plant and Equipment [Line Items]
 
 
Land
$ 345 
$ 349 
Buildings and Improvements, Gross
1,045 
1,041 
Leasehold improvements
609 
622 
Furniture and equipment
1,399 
1,357 
Construction in progress
206 
111 
Property, Plant and Equipment, Gross, Total
3,604 
3,480 
Less accumulated depreciation and amortization
2,039 
1,916 
Premises and equipment
$ 1,565 
$ 1,564 
Land [Member] |
Minimum [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, Plant and Equipment, Estimated Useful Lives
indefinite 
indefinite 
Building and Building Improvements |
Minimum [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, Plant and Equipment, Estimated Useful Lives
2 
2 
Building and Building Improvements |
Maximum [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, Plant and Equipment, Estimated Useful Lives
40 
40 
Leasehold Improvements |
Minimum [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, Plant and Equipment, Estimated Useful Lives
1 
1 
Leasehold Improvements |
Maximum [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, Plant and Equipment, Estimated Useful Lives
30 
30 
Furniture and Fixtures |
Minimum [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, Plant and Equipment, Estimated Useful Lives
1 
1 
Furniture and Fixtures |
Maximum [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, Plant and Equipment, Estimated Useful Lives
20 
20 
Premises and Equipment 
NOTE 8 - PREMISES AND EQUIPMENT
Premises and equipment at December 31 consisted of the following:
 
 
 
 
 
 
(Dollars in millions)
Useful Life
 
2013
 
2012
Land
Indefinite
 

$345

 

$349

Buildings and improvements
2 - 40 years
 
1,045

 
1,041

Leasehold improvements
1 - 30 years
 
609

 
622

Furniture and equipment
1 - 20 years
 
1,399

 
1,357

Construction in progress
 
 
206

 
111

Total premises and equipment
 
 
3,604

 
3,480

Less: Accumulated depreciation and amortization
 
 
2,039

 
1,916

Premises and equipment, net
 
 

$1,565

 

$1,564


The carrying amounts of premises and equipment subject to mortgage indebtedness (included in long-term debt) were immaterial at December 31, 2013 and 2012. Net premises and equipment included $5 million and $6 million related to capital leases at December 31, 2013 and 2012, respectively. Aggregate rent expense (principally for offices), including contingent rent expense and sublease income, totaled $220 million, $228 million, and $225 million for the years ended December 31, 2013, 2012, and 2011, respectively. Depreciation and amortization expense for the years ended December 31, 2013, 2012, and 2011 totaled $185 million, $188 million, and $181 million, respectively.

Various Company facilities are leased under both capital and noncancelable operating leases with initial remaining terms in excess of one year. Minimum payments, by year and in aggregate, at December 31, 2013, were as follows:
 
 
 
 
(Dollars in millions)
Operating
Leases
 
Capital
Leases
2014

$208

 

$2

2015
196

 
2

2016
190

 
2

2017
171

 
2

2018
91

 
2

Thereafter
354

 
3

Total minimum lease payments

$1,210

 
13

Less: Amounts representing interest
 
 
3

Present value of net minimum lease payments
 
 

$10

Premises and Equipment Leases (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Operating Leased Assets [Line Items]
 
Operating Leases, Future Minimum Payments Due, Next Twelve Months
$ 208 
Capital Leases, Future Minimum Payments Due, Next Twelve Months
2 
Operating Leases, Future Minimum Payments, Due in Two Years
196 
Capital Leases, Future Minimum Payments Due in Two Years
2 
Operating Leases, Future Minimum Payments, Due in Three Years
190 
Capital Leases, Future Minimum Payments Due in Three Years
2 
Operating Leases, Future Minimum Payments, Due in Four Years
171 
Capital Leases, Future Minimum Payments Due in Four Years
2 
Operating Leases, Future Minimum Payments, Due in Five Years
91 
Capital Leases, Future Minimum Payments Due in Five Years
2 
Operating Leases, Future Minimum Payments, Due Thereafter
354 
Capital Leases, Future Minimum Payments Due Thereafter
3 
Operating Leases, Future Minimum Payments Due
1,210 
Capital Leases, Future Minimum Payments Due
13 
Capital Leases, Future Minimum Payments, Interest Included in Payments
3 
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments
$ 10 1
Goodwill and Intangible Assets - Additional Information (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Bank Servicing Fees
$ 87 
$ 260 
$ 224 
Goodwill, Transfers
0 
0 
 
Consumer Banking and Private Wealth Management [Member]
 
 
 
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount
56.00% 
 
 
Wholesale Banking [Member]
 
 
 
Goodwill, Transfers
(300)
2,414 
 
Wholesale Banking [Member] |
Consumer Banking and Private Wealth Management [Member]
 
 
 
Goodwill, Transfers
300 
 
 
Mortgage Servicing Rights, Fair Value [Member]
 
 
 
Bank Servicing Fees
317 
333 
364 
Qualitative and Quantitative Information, Transferor's Continuing Involvement, Principal Amount Outstanding
136,700 
144,900 
 
Principal Amount Outstanding of Loans Serviced For Third Parties
106,800 
113,200 
 
Loan Principal Amount Outstanding Underlying Mortgage Servicing Rights Sold
$ 2,800 
$ 2,100 
 
Goodwill and Other Intangible Assets - Changes in the Carrying Amount of Goodwill by Reportable Segment (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Goodwill [Line Items]
 
 
 
Goodwill
$ 6,369 
$ 6,369 
$ 6,344 
Goodwill, Transfers
0 
0 
 
Goodwill, Acquired During Period
 
32 
 
Goodwill, Impairment Loss
0 
(7)
0 
Retail Banking [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Goodwill
0 
0 
4,854 
Goodwill, Transfers
0 
(4,854)
 
Goodwill, Acquired During Period
 
0 
 
Goodwill, Impairment Loss
 
0 
 
Diversified Commercial Banking [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Goodwill
0 
0 
928 
Goodwill, Transfers
0 
(928)
 
Goodwill, Acquired During Period
 
0 
 
Goodwill, Impairment Loss
 
0 
 
Corporate and Investment Banking [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Goodwill
0 
0 
180 
Goodwill, Transfers
0 
(180)
 
Goodwill, Acquired During Period
 
0 
 
Goodwill, Impairment Loss
 
0 
 
Wealth and Investment Management [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Goodwill
0 
0 
382 
Goodwill, Transfers
0 
(382)
 
Goodwill, Acquired During Period
 
0 
 
Goodwill, Impairment Loss
 
0 
 
Consumer Banking and Private Wealth Management [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Goodwill
4,262 
3,962 
0 
Goodwill, Transfers
300 
3,930 
 
Goodwill, Acquired During Period
 
32 
 
Goodwill, Impairment Loss
 
0 
 
Wholesale Banking [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Goodwill
2,107 
2,407 
0 
Goodwill, Transfers
(300)
2,414 
 
Goodwill, Acquired During Period
 
0 
 
Goodwill, Impairment Loss
 
$ (7)
 
Consumer Banking and Private Wealth Management [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount
56.00% 
 
 
Wholesale Banking [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount
14.00% 
 
 
Ridgeworth Capital Management [Member]
 
 
 
Goodwill [Line Items]
 
 
 
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount
141.00% 
 
 
Goodwill and Other Intangible Assets - Changes in the Carrying Amounts of Other Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Servicing Asset at Fair Value, Amount
$ 1,300 
$ 899 
 
Amortization
(23)
(39)
 
Origination of Mortgage Servicing Rights (MSRs)
352 
336 
224 
Due to changes in inputs or assumptions
302 1
(112)1
 
Servicing Asset at Fair Value, Other Changes in Fair Value
(252)2
(241)2
 
Servicing Asset at Fair Value, Disposals
1 
5 
 
Ending Balance
1,334 
956 
1,017 
Mortgage Servicing Rights, Fair Value [Member]
 
 
 
Servicing Asset at Fair Value, Amount
1,300 
899 
921 
Amortization
0 
0 
 
Origination of Mortgage Servicing Rights (MSRs)
352 
336 
 
Due to changes in inputs or assumptions
302 1
(112)1
 
Servicing Asset at Fair Value, Other Changes in Fair Value
(252)2
(241)2
 
Servicing Asset at Fair Value, Disposals
1 
5 
 
Other Intangible Assets [Member]
 
 
 
Amortization
(10)
(18)
 
Origination of Mortgage Servicing Rights (MSRs)
0 
0 
 
Due to changes in inputs or assumptions
0 
0 
 
Servicing Asset at Fair Value, Other Changes in Fair Value
0 
0 
 
Servicing Asset at Fair Value, Disposals
0 
0 
 
Ending Balance
30 
40 
58 
Core Deposits [Member]
 
 
 
Amortization
(13)
(21)
 
Origination of Mortgage Servicing Rights (MSRs)
0 
0 
 
Due to changes in inputs or assumptions
0 
0 
 
Servicing Asset at Fair Value, Other Changes in Fair Value
0 
0 
 
Servicing Asset at Fair Value, Disposals
0 
0 
 
Ending Balance
$ 4 
$ 17 
$ 38 
Goodwill and Other Intangible Assets Intangible Assets Schedule of Future Amortization (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
 
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months
$ 11 
Finite-Lived Intangible Assets, Amortization Expense, Year Two
5 
Finite-Lived Intangible Assets, Amortization Expense, Year Three
2 
Finite-Lived Intangible Assets, Amortization Expense, Year Four
2 
Finite-Lived Intangible Assets, Amortization Expense, Year Five
2 
Finite-Lived Intangible Assets, Amortization Expense, after Year Five
3 
Finite-Lived Intangible Assets, Net
25 1
Core Deposits [Member]
 
Finite-Lived Intangible Assets [Line Items]
 
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months
4 
Finite-Lived Intangible Assets, Amortization Expense, Year Two
0 
Finite-Lived Intangible Assets, Amortization Expense, Year Three
0 
Finite-Lived Intangible Assets, Amortization Expense, Year Four
0 
Finite-Lived Intangible Assets, Amortization Expense, Year Five
0 
Finite-Lived Intangible Assets, Amortization Expense, after Year Five
0 
Finite-Lived Intangible Assets, Net
4 1
Other Intangible Assets [Member]
 
Finite-Lived Intangible Assets [Line Items]
 
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months
7 
Finite-Lived Intangible Assets, Amortization Expense, Year Two
5 
Finite-Lived Intangible Assets, Amortization Expense, Year Three
2 
Finite-Lived Intangible Assets, Amortization Expense, Year Four
2 
Finite-Lived Intangible Assets, Amortization Expense, Year Five
2 
Finite-Lived Intangible Assets, Amortization Expense, after Year Five
3 
Finite-Lived Intangible Assets, Net
$ 21 1
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 $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2012
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2013
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2012
Mortgage Servicing Rights, Fair Value [Member]
Dec. 31, 2011
Mortgage Servicing Rights, Fair Value [Member]
Servicing Asset at Fair Value, Amount
$ 1,300 
$ 899 
 
 
$ 1,300 
$ 899 
$ 921 
Prepayment rate assumption (annual)
 
 
8.00% 
16.00% 
 
 
 
Decline in fair value from 10% adverse change
 
 
38 
50 
 
 
 
Decline in fair value from 20% adverse change
 
 
74 
95 
 
 
 
Discount rate (annual)
 
 
12.00% 
11.00% 
 
 
 
Decline in fair value from 10% adverse change
 
 
66 
37 
 
 
 
Decline in fair value from 20% adverse change
 
 
$ 126 
$ 70 
 
 
 
Weighted-average life (in years)
 
 
7 years 7 months 
4 years 9 months 
 
 
 
Weighted-average coupon
 
 
4.40% 
4.80% 
 
 
 
Certain Transfers of Financial Assets and Variable Interest Entities - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Total assets
$ 175,335 
$ 173,442 
 
Loans Receivable Held-for-sale, Net
1,699 1
3,399 1
 
Long-term Debt
10,700 2
9,357 2
 
Total liabilities
153,913 
152,457 
 
Trading assets
5,040 
6,227 
 
Derivative Asset, Fair Value, Gross Asset
6,125 
8,656 
 
Derivative Liability, Fair Value, Gross Liability
5,673 
7,514 
 
Other Assets
5,520 
5,157 
 
Noninterest Income
3,214 
5,373 
3,421 
Affordable Housing Investment [Member]
 
 
 
Gain (Loss) on Sale of Properties
17 
 
 
Variable Interest Entity, Primary Beneficiary [Member]
 
 
 
Loans Receivable Held-for-sale, Net
 
319 
 
Long-term Debt
597 
666 
 
Residential Mortgage |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
Loans and Leases Receivable, Gain (Loss) on Sales, Net
186 
1,000 
397 
Transferor's Interests in Transferred Financial Assets, Fair Value
71 
98 
 
Total assets
350 
445 
 
Commercial and Corporate Loans [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
Total assets
1,600 
1,800 
 
Total liabilities
1,600 
1,700 
 
Commercial and Corporate Loans [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member] |
Preference Shares
 
 
 
Total assets
3 
3 
 
Commercial and Corporate Loans [Member] |
Variable Interest Entity, Primary Beneficiary [Member]
 
 
 
Long-term Debt
256 
286 
 
Student Loans [Member] |
Variable Interest Entity, Primary Beneficiary [Member]
 
 
 
Long-term Debt
341 
380 
 
Loans Receivable, Net
344 
384 
 
Student Loans [Member] |
Variable Interest Entity, Primary Beneficiary [Member] |
Maximum [Member]
 
 
 
Government guaranteed percent
97.00% 
97.00% 
 
Collateralized Debt Obligations [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
Total assets
816 
1,200 
 
Collateralized Debt Obligations [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member] |
Trading Assets [Member]
 
 
 
Transferor's Interests in Transferred Financial Assets, Fair Value
54 
52 
 
CDO Securities Weighted Average Expected Maturity in Years
20 
 
 
Collateralized Debt Obligations [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member] |
Minimum [Member]
 
 
 
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Other Assumption
4 
 
 
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 20 Percent Adverse Change in Other Assumption
7 
 
 
Collateralized Debt Obligations [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member] |
Minimum [Member] |
Trading Assets [Member]
 
 
 
Fair Value Inputs, Market Yield
4.30% 
 
 
Collateralized Debt Obligations [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member] |
Maximum [Member] |
Trading Assets [Member]
 
 
 
Fair Value Inputs, Market Yield
5.50% 
 
 
Total Return Swap |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
Trading assets
1,500 
1,900 
 
Derivative, Notional Amount
1,500 
1,900 
 
Derivative Asset, Fair Value, Gross Asset
35 
51 
 
Derivative Liability, Fair Value, Gross Liability
31 
46 
 
Community Development Investments [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
Total assets
1,500 
1,200 
 
Other Assets
138 
63 
 
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount
217 
110 
 
Ridgeworth Capital Management [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
Total assets
247 
372 
 
General Partner [Member] |
Community Development Investments [Member]
 
 
 
Total assets
3 
3 
 
Total liabilities
1 
1 
 
Limited Partner [Member] |
Community Development Investments [Member] |
Variable Interest Entity, Not Primary Beneficiary [Member]
 
 
 
Other Assets
252 
186 
 
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount
697 
505 
 
Loans issued by the Company to the limited partnerships
303 
236 
 
Partnership [Member] |
Community Development Investments [Member]
 
 
 
Total assets
151 
239 
 
Total liabilities
$ 58 
$ 100 
 
Asset Transfers in Which the Company has Continuing Economic Involvement (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows on interests held
$ 36 
$ 30 
$ 51 
Servicing or management fees
11 
13 
13 
Residential Mortgage
 
 
 
Cash flows on interests held
32 1 2
27 1 2
48 1 2
Servicing or management fees
2 1 2
3 1 2
3 1 2
Commercial and Corporate Loans [Member]
 
 
 
Cash flows on interests held
1 1
1 1
1 1
Servicing or management fees
9 1
10 1
10 1
Collateralized Debt Obligations [Member]
 
 
 
Cash flows on interests held
$ 3 1
$ 2 1
$ 2 1
Borrowings and Contractual Commitments Short-Term Borrowings (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Short-term Debt [Line Items]
 
 
Federal Home Loan Bank, Advances, Short-term
$ 4,000 
$ 1,500 
Other Short-term Borrowings
5,788 
3,303 
Federal Home Loan Bank Advances [Member]
 
 
Short-term Debt [Line Items]
 
 
Short-term Debt, Weighted Average Interest Rate
0.21% 
0.34% 
Master Notes [Member]
 
 
Short-term Debt [Line Items]
 
 
Other Short-term Borrowings
1,554 
1,512 
Short-term Debt, Weighted Average Interest Rate
0.28% 
0.30% 
Dealer Collateral [Member]
 
 
Short-term Debt [Line Items]
 
 
Other Short-term Borrowings
232 
282 
Short-term Debt, Weighted Average Interest Rate
0.10% 
0.17% 
Other Short Term Borrowings [Member]
 
 
Short-term Debt [Line Items]
 
 
Other Short-term Borrowings
$ 2 
$ 9 
Short-term Debt, Weighted Average Interest Rate
2.70% 
2.70% 
Borrowings and Contractual Commitments Borrowings and Contractual Commitments - Additional Information (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Debt Instrument [Line Items]
 
 
Loans Pledged as Collateral
$ 27,100,000,000 
$ 23,800,000,000 
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months
9,000,000 
 
Long-term Debt, Maturities, Repayments of Principal in Year Two
817,000,000 
 
Long-term Debt, Maturities, Repayments of Principal in Year Three
1,137,000,000 
 
Long-term Debt, Maturities, Repayments of Principal in Year Four
4,700,000,000 
 
Long-term Debt, Maturities, Repayments of Principal in Year Five
1,600,000,000 
 
Long-term Debt, Maturities, Repayments of Principal after Year Five
2,400,000,000 
 
Long-term Debt
10,700,000,000 1
9,357,000,000 1
Long-term Federal Home Loan Bank Advances
3,000,000,000 
 
Federal Home Loan Bank, Advances, Short-term
4,000,000,000 
1,500,000,000 
Tier two risk based capital [Member]
 
 
Debt Instrument [Line Items]
 
 
Long-term Debt
1,100,000,000 
1,500,000,000 
Subsidiaries [Member]
 
 
Debt Instrument [Line Items]
 
 
Proceeds from Issuance of Senior Long-term Debt
600,000,000 
 
Long-term Debt
6,589,000,000 
6,108,000,000 
Parent Company [Member]
 
 
Debt Instrument [Line Items]
 
 
Proceeds from Issuance of Senior Long-term Debt
750,000,000 
 
Long-term Debt
4,111,000,000 
3,249,000,000 
Parent Company [Member] |
Junior Subordinated Debt [Member]
 
 
Debt Instrument [Line Items]
 
 
Long-term Debt, Percentage Bearing Variable Interest, Amount
 
627,000,000 
Parent Company [Member] |
Tier one risk based capital [Member] |
Junior Subordinated Debt [Member]
 
 
Debt Instrument [Line Items]
 
 
Long-term Debt, Percentage Bearing Variable Interest, Amount
 
627,000,000 
Federal Reserve Bank Advances [Member]
 
 
Debt Instrument [Line Items]
 
 
Line of Credit Facility, Remaining Borrowing Capacity
20,800,000,000 
18,000,000,000 
Federal Home Loan Bank Advances [Member]
 
 
Debt Instrument [Line Items]
 
 
Line of Credit Facility, Remaining Borrowing Capacity
$ 12,300,000,000 
 
Borrowings and Contractual Commitments Long-term debt (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Parent Company [Member]
Dec. 31, 2012
Parent Company [Member]
Dec. 31, 2013
Parent Company [Member]
Senior Notes [Member]
Dec. 31, 2012
Parent Company [Member]
Senior Notes [Member]
Dec. 31, 2013
Parent Company [Member]
Fixed Interest Rate Debt [Member]
Dec. 31, 2013
Parent Company [Member]
Fixed Interest Rate Debt [Member]
Senior Notes [Member]
Dec. 31, 2013
Parent Company [Member]
Fixed Interest Rate Debt [Member]
Subordinated Debt [Member]
Dec. 31, 2013
Parent Company [Member]
Subordinated Debt [Member]
Dec. 31, 2012
Parent Company [Member]
Subordinated Debt [Member]
Dec. 31, 2012
Parent Company [Member]
Junior Subordinated Debt [Member]
Dec. 31, 2013
Parent Company [Member]
Variable Rate Debt [Member]
Senior Notes [Member]
Dec. 31, 2013
Parent Company [Member]
Variable Rate Debt [Member]
Junior Subordinated Debt [Member]
Dec. 31, 2013
Subsidiaries [Member]
Dec. 31, 2012
Subsidiaries [Member]
Dec. 31, 2013
Subsidiaries [Member]
Senior Notes [Member]
Dec. 31, 2012
Subsidiaries [Member]
Senior Notes [Member]
Dec. 31, 2013
Subsidiaries [Member]
Fixed Interest Rate Debt [Member]
Senior Notes [Member]
Dec. 31, 2013
Subsidiaries [Member]
Fixed Interest Rate Debt [Member]
Subordinated Debt [Member]
Dec. 31, 2013
Subsidiaries [Member]
Subordinated Debt [Member]
Dec. 31, 2012
Subsidiaries [Member]
Subordinated Debt [Member]
Dec. 31, 2013
Subsidiaries [Member]
Variable Rate Debt [Member]
Senior Notes [Member]
Dec. 31, 2013
Subsidiaries [Member]
Variable Rate Debt [Member]
Subordinated Debt [Member]
Dec. 31, 2013
Minimum [Member]
Parent Company [Member]
Senior Notes [Member]
Dec. 31, 2013
Minimum [Member]
Parent Company [Member]
Junior Subordinated Debt [Member]
Dec. 31, 2013
Minimum [Member]
Subsidiaries [Member]
Senior Notes [Member]
Dec. 31, 2013
Minimum [Member]
Subsidiaries [Member]
Subordinated Debt [Member]
Dec. 31, 2013
Maximum [Member]
Parent Company [Member]
Senior Notes [Member]
Dec. 31, 2013
Maximum [Member]
Parent Company [Member]
Junior Subordinated Debt [Member]
Dec. 31, 2013
Maximum [Member]
Subsidiaries [Member]
Senior Notes [Member]
Dec. 31, 2013
Maximum [Member]
Subsidiaries [Member]
Subordinated Debt [Member]
Dec. 31, 2012
Tier one risk based capital [Member]
Parent Company [Member]
Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, Percentage Bearing Fixed Interest, Amount
 
 
 
 
$ 3,001,000,000 
$ 2,270,000,000 
$ 0.06 
 
 
$ 200,000,000 
$ 200,000,000 
 
 
 
 
 
$ 1,006,000,000 1
$ 426,000,000 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, Percentage Bearing Variable Interest, Amount
 
 
 
 
283,000,000 
152,000,000 
 
 
 
 
 
627,000,000 
 
 
 
 
3,783,000,000 2
3,846,000,000 2
 
 
500,000,000 
500,000,000 
 
 
 
 
 
 
 
 
 
 
627,000,000 
Debt Instrument, Fair Value Disclosure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,300,000,000 3
1,336,000,000 3
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt
$ 10,700,000,000 4
$ 9,357,000,000 4
$ 4,111,000,000 
$ 3,249,000,000 
 
 
 
 
 
 
 
 
 
 
$ 6,589,000,000 
$ 6,108,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.39% 
0.89% 
0.36% 
0.53% 
3.25% 
1.23% 
6.98% 
0.55% 
 
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1.00% 
 
0.00% 
5.00% 
6.05% 
 
9.65% 
7.25% 
 
Debt Instrument, Maturity Date
 
 
 
 
 
 
 
 
Feb. 15, 2026 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Aug. 24, 2015 
 
 
 
 
 
 
 
 
 
Debt Instrument, Maturity Date Range, Start
 
 
 
 
 
 
 
Jul. 29, 2014 
 
 
 
 
May 29, 2015 
Apr. 01, 2027 
 
 
 
 
Jan. 02, 2014 
Sep. 01, 2015 
 
 
Dec. 01, 2015 
 
 
 
 
 
 
 
 
 
 
Debt Instrument, Maturity Date Range, End
 
 
 
 
 
 
 
Jan. 15, 2028 
 
 
 
 
Aug. 01, 2019 
Mar. 15, 2028 
 
 
 
 
Dec. 29, 2053 
Apr. 01, 2020 
 
 
Dec. 19, 2043 
 
 
 
 
 
 
 
 
 
 
Borrowings and Contractual Commitments Long-term debt (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Parent Company [Member]
 
 
Debt Instrument [Line Items]
 
 
Intercompany Debt, Amount
$ 160 
$ 160 
Subsidiaries [Member] |
Variable Rate Debt [Member] |
Senior Loans [Member]
 
 
Debt Instrument [Line Items]
 
 
Debt Instrument, Fair Value Disclosure
$ 256 
$ 286 
Borrowings and Contractual Commitments Contractual Commitments (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Long-term Purchase Commitment [Line Items]
 
Operating Leases, Future Minimum Payments Due, Next Twelve Months
$ 208 
Capital Lease Obligations, Current
1 1
Purchase Obligation, Due in Next Twelve Months
284 2
Contractual Obligation, Due in Next Twelve Months
493 
Operating Leases, Future Minimum Payments, Due in Two and Three Years
386 
Capital Leases, Future Minimum Payments Due in Two and Three Years
3 1
Purchase Obligation, Due in Second and Third Year
65 2
Contractual Obligation, Due in Second and Third Year
454 
Operating Leases, Future Minimum Payments, Due in Four and Five Years
262 
Capital Leases, Future Minimum Payments Due in Four and Five Years
4 1
Purchase Obligation, Due in Fourth and Fifth Year
31 2
Contractual Obligation, Due in Fourth and Fifth Year
297 
Operating Leases, Future Minimum Payments, Due Thereafter
354 
Capital Leases, Future Minimum Payments, Due in Rolling after Year Five
2 1
Purchase Obligation, Due after Fifth Year
8 2
Contractual Obligation, Due after Fifth Year
364 
Operating Leases, Future Minimum Payments Due
1,210 
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments
10 1
Purchase Obligation
388 2
Contractual Obligation
$ 1,608 
Borrowings and Contractual Commitments Contractual Commitments (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Long-term Purchase Commitment [Line Items]
 
Minimum Termination Fee for Contractual Commitments
$ 5 
Amount paid during period related to purchase obligations
$ 194 
Net Income(loss) per common share - Additonal Information (Details)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
18 
23 
26 
Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders (Detail) (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net Income (Loss) Attributable to Parent
$ 1,344 
$ 1,958 
$ 647 
Dividends, Preferred Stock, Cash
(37)1
(12)
(7)
United States Treasury Preferred Dividends
0 
0 
(66)
Accelerated Accretion On US Treasury Preferred Stock
0 
0 
74 
Undistributed Earnings Allocated to Participating Securities
(10)
(15)
(5)
Net Income (Loss) Available to Common Stockholders, Basic
$ 1,297 
$ 1,931 
$ 495 
Average basic common shares
534,283,000 
534,149,000 
523,995,000 
Stock options
1,000,000 
1,000,000 
2,000,000 
Restricted stock
4,000,000 
3,000,000 
2,000,000 
Average diluted common shares
539,093,000 
538,061,000 
527,618,000 
Net income/(loss) per average common share - diluted
$ 2.41 
$ 3.59 
$ 0.94 
Earnings Per Share, Basic
$ 2.43 
$ 3.62 
$ 0.94 
Capital - Additional Information (Details) (USD $)
3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Mar. 31, 2014
Common Stock [Member]
Dec. 31, 2013
Common Stock [Member]
Dec. 31, 2013
Series A Preferred Stock [Member]
Dec. 31, 2012
Series A Preferred Stock [Member]
Dec. 31, 2011
Series A Preferred Stock [Member]
Dec. 31, 2009
Series A Preferred Stock [Member]
Sep. 30, 2006
Series A Preferred Stock [Member]
Dec. 31, 2013
Series B Preferred Stock [Member]
Dec. 31, 2012
Series B Preferred Stock [Member]
Dec. 31, 2011
Series B Preferred Stock [Member]
Dec. 31, 2011
Series C and Series D Preferred Stock [Member]
Dec. 31, 2013
Series E Preferred Stock [Member]
Dec. 31, 2012
Series E Preferred Stock [Member]
Dec. 31, 2013
Retained Earnings [Member]
Dec. 31, 2012
Retained Earnings [Member]
Dec. 31, 2011
Retained Earnings [Member]
Dec. 31, 2013
Sun Trust Bank [Member]
Dec. 31, 2012
Sun Trust Bank [Member]
Dec. 31, 2013
Parent Company [Member]
Dec. 31, 2012
Parent Company [Member]
Dec. 31, 2011
Parent Company [Member]
Sep. 22, 2011
Group 1 [Member]
Dec. 31, 2011
Group 2 [Member]
Sep. 22, 2011
Group 2 [Member]
Dec. 31, 2011
Group 2 [Member]
Additional Paid-in Capital [Member]
Sep. 22, 2011
Warrant [Member]
Oct. 11, 2013
Minimum [Member]
Schedule of Capitalization, Equity [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common Stock, Dividends, Per Share, Declared
$ 0.10 
$ 0.05 
$ 0.35 
$ 0.20 
$ 0.12 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock Repurchased During Period, Value
 
 
 
 
 
$ 50,000,000 
$ 150,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock Repurchased During Period, Shares
 
 
 
 
 
 
4,600,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividend Per Quarter Threshold Prior To Tenth Anniversay Triggering Execise Of Warrants
 
 
$ 0.54 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends, Common Stock, Cash
 
 
(188,000,000)
(107,000,000)
(64,000,000)
 
 
 
 
 
 
 
 
 
 
 
 
 
(188,000,000)
(107,000,000)
(64,000,000)
 
 
 
 
 
 
 
 
 
 
 
Common Stock, Dividends, Per Share, Cash Paid
 
 
$ 0.35 
$ 0.20 
$ 0.12 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends, Preferred Stock, Cash
 
 
(37,000,000)1
(12,000,000)
(7,000,000)
 
 
 
 
 
 
 
 
 
 
 
 
 
(37,000,000)1
(12,000,000)
(7,000,000)
 
 
(37,000,000)
(12,000,000)
(7,000,000)
 
 
 
 
 
 
Dividends, Preferred Stock
 
 
 
 
67,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock, Dividends, Per Share, Cash Paid
 
 
 
 
 
 
 
$ 4,056 
$ 4,052 
$ 4,056 
 
 
$ 4,056 
$ 4,052 
 
$ 1,236 
$ 5,793 
$ 0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retained Earnings, Unappropriated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,600,000,000 
1,800,000,000 
 
 
 
 
 
 
 
 
 
Cash Reserve Deposit Required and Made
 
 
2,000,000,000 
1,900,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tier One Common Capital to Risk Weighted Assets
 
 
9.82% 
10.04% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4.50% 
Tier One Risk Based Capital to Risk Weighted Assets
 
 
10.81% 
11.13% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10.96% 
11.38% 
 
 
 
 
 
 
 
 
6.00% 
Capital to Risk Weighted Assets
 
 
12.81% 
13.48% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12.84% 
13.59% 
 
 
 
 
 
 
 
 
8.00% 
Tier One Leverage Capital to Average Assets
 
 
9.58% 
8.91% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9.78% 
9.23% 
 
 
 
 
 
 
 
 
4.00% 
Capital Required for Capital Adequacy to Risk Weighted Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2.50% 
Tier One Risk Based Capital
 
 
16,073,000,000 
14,975,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
16,059,000,000 
15,121,000,000 
 
 
 
 
 
 
 
 
 
Preferred Stock, Shares Authorized
 
 
50,000,000 
50,000,000 
 
 
 
 
 
 
 
5,000 
 
 
5,010 
 
 
5,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock, Shares Issued
 
 
 
 
 
 
 
 
 
 
 
5,000 
 
 
1,025 
 
 
4,500 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock, No Par Value
 
 
 
 
 
 
 
 
 
 
 
$ 0 
 
 
$ 0 
 
 
$ 0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock, Liquidation Preference Per Share
 
 
 
 
 
 
 
 
 
 
 
$ 100,000 
 
 
$ 100,000 
 
 
$ 100,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock dividends, variable rate basis, three month LIBOR
 
 
 
 
 
 
 
three-month LIBOR 
 
 
 
 
three-month LIBOR 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Declared And Accrued Preferred Stock Dividend Basis Spread on Variable Rate
 
 
 
 
 
 
 
0.53% 
 
 
 
 
0.65% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Declared And Accrued Preferred Stock Dividend Fixed Rate
 
 
 
 
 
 
 
4.00% 
 
 
 
 
4.00% 
 
 
 
 
5.875% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock Redeemed or Called During Period, Shares
 
 
 
 
 
 
 
 
 
 
3,275 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock, Redemption Price Per Share
 
 
 
 
 
 
 
 
 
 
 
$ 100,000 
 
 
$ 100,000 
 
 
$ 100,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Class of Warrant or Right, Outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
17,900,000 
 
Class of Warrant or Right, Number of Securities Called by Warrants or Rights
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11,900,000 
 
6,000,000 
 
 
 
Class of Warrant or Right, Exercise Price of Warrants or Rights
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
44.15 
 
33.70 
 
 
 
warrants purchased
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,000,000 
 
 
 
 
Payments for Repurchase of Warrants
 
 
$ 0 
$ 0 
$ 11,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 0 
$ 0 
$ 11,000,000 
 
 
 
$ 11,000,000 
 
 
Capital Ratios (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Tier 1 common
$ 14,602 
$ 13,509 
Tier 1 capital
16,073 
14,975 
Total capital
19,052 
18,131 
Tier 1 common
9.82% 
10.04% 
Tier 1 capital
10.81% 
11.13% 
Total capital
12.81% 
13.48% 
Tier 1 leverage
9.58% 
8.91% 
Sun Trust Bank [Member]
 
 
Tier 1 capital
16,059 
15,121 
Total capital
18,810 
18,056 
Tier 1 capital
10.96% 
11.38% 
Total capital
12.84% 
13.59% 
Tier 1 leverage
9.78% 
9.23% 
Junior Subordinated Debt [Member] |
Parent Company [Member]
 
 
Long-term Debt, Percentage Bearing Variable Interest, Amount
 
627 
Tier one risk based capital [Member] |
Junior Subordinated Debt [Member] |
Parent Company [Member]
 
 
Long-term Debt, Percentage Bearing Variable Interest, Amount
 
627 
Tier one risk based capital [Member] |
Long-term Debt [Member] |
Junior Subordinated Debt [Member] |
Parent Company [Member]
 
 
Long-term Debt, Percentage Bearing Variable Interest, Amount
$ 627 
 
Capital Preferred Stock (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Class of Stock [Line Items]
 
 
Preferred Stock, Value, Outstanding
$ 725 
$ 725 
Series A Preferred Stock [Member]
 
 
Class of Stock [Line Items]
 
 
Preferred Stock, Value, Outstanding
172 
172 
Series B Preferred Stock [Member]
 
 
Class of Stock [Line Items]
 
 
Preferred Stock, Value, Outstanding
103 
103 
Series E Preferred Stock [Member]
 
 
Class of Stock [Line Items]
 
 
Preferred Stock, Value, Outstanding
$ 450 
$ 450 
Capital Preferred Stock (parenthetical) (Details)
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Series A Preferred Stock [Member]
Dec. 31, 2012
Series A Preferred Stock [Member]
Sep. 30, 2006
Series A Preferred Stock [Member]
Dec. 31, 2013
Series B Preferred Stock [Member]
Dec. 31, 2012
Series B Preferred Stock [Member]
Dec. 31, 2011
Series B Preferred Stock [Member]
Dec. 31, 2013
Series E Preferred Stock [Member]
Dec. 31, 2012
Series E Preferred Stock [Member]
Class of Stock [Line Items]
 
 
 
 
 
 
 
 
 
 
Preferred Stock, Shares Authorized
50,000,000 
50,000,000 
 
 
5,000 
 
 
5,010 
 
5,000 
Preferred Stock, Shares Outstanding
7,000 
7,000 
1,725 
1,725 
 
1,025 
1,025 
 
4,500 
4,500 
Income Taxes Components of Income Tax Provision (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Components of income tax provision [Line Items]
 
 
 
Current Federal Tax Expense (Benefit)
$ (206)
$ 553 
$ (4)
Current State and Local Tax Expense (Benefit)
(16)
26 
0 
Current Income Tax Expense (Benefit)
(222)
579 
(4)
Deferred Federal Income Tax Expense (Benefit)
444 
229 
81 
Deferred State and Local Income Tax Expense (Benefit)
51 
(35)
2 
Deferred Income Tax Expense (Benefit)
495 
194 
83 
Income Tax Expense (Benefit)
$ 273 
$ 773 
$ 79 
Income Taxes - Additional Information (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Taxes Other Information [Line Items]
 
 
 
Income Tax Expense (Benefit)
$ 273 
$ 773 
$ 79 
Deferred Tax Assets, Valuation Allowance
(102)
(56)
 
Unrecognized Tax Benefits that Would Impact Effective Tax Rate
237 
 
 
Unrecognized Tax Benefits, Interest on Income Taxes Accrued
17 
18 
 
Unrecognized Tax Benefits, Interest on Income Taxes Expense
(1)
(3)
 
Summary of Income Tax Examinations [Table Text Block]
The Company files U.S. federal, state, and local income tax returns. The Company's federal income tax returns are no longer subject to examination by the IRS for taxable years prior to 2010. With limited exceptions, the Company is no longer subject to examination by state and local taxing authorities for taxable years prior to 2006.  
 
 
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound
$ 75 
 
 
Income Taxes Income Tax Rate Reconciliation (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Tax Rate Reconciliation [Line Items]
 
 
 
Income Tax Reconciliation, Income Tax Expense (Benefit), at Federal Statutory Income Tax Rate
$ 566 
$ 956 
$ 254 
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate
35.00% 
35.00% 
35.00% 
Income Tax Reconciliation, State and Local Income Taxes
20 
(9)
1 
Effective Income Tax Rate Reconciliation, State and Local Income Taxes
1.20% 
(0.30%)
0.10% 
Income Tax Reconciliation, Tax Exempt Income
80 
77 
72 
Effective Income Tax Rate Reconciliation, Tax Exempt Income
(4.90%)
(2.80%)
(9.90%)
Effective Income Tax Rate Reconciliation, Internal Restructuring
(343)
0 
0 
Effective Income Tax Rate Reconciliation, Internal Restructuring Percentage
(21.30%)
0.00% 
0.00% 
Effective Income Tax Rate Reconciliation, Changes in UTBs, Amount
152 
1 
1 
Effective Income Tax Rate Reconciliation, Internal Restructuring Percent
9.40% 
0.00% 
0.10% 
Income Tax Reconciliation, Tax Credits
84 
83 
88 
Effective Income Tax Rate Reconciliation, Tax Credits
(5.20%)
(3.00%)
(12.10%)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount
49 
16 
6 
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent
3.10% 
0.60% 
0.80% 
Income Tax Reconciliation, Deductions, Dividends
1 
8 
14 
Effective Income Tax Rate Reconciliation, Deductions, Dividends
0.00% 
(0.30%)
(1.90%)
Income Tax Reconciliation, Other Adjustments
(6)
(23)
(9)
Effective Income Tax Rate Reconciliation, Other Adjustments
(0.40%)
(0.90%)
(1.20%)
Income Tax Expense (Benefit)
$ 273 
$ 773 
$ 79 
Effective Income Tax Rate, Continuing Operations
16.90% 
28.30% 
10.90% 
Income Taxes Deferred Tax Assets and Liabilities (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Deferred Tax Assets and Liabilities [Line Items]
 
 
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses
$ 795 
$ 861 
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities
463 
685 
Deferred Tax Assets, Operating Loss Carryforwards, State and Local
208 
169 
Deferred Tax Assets, Other Comprehensive Loss
153 
0 
Deferred Tax Assets, Other
131 
173 
Deferred Tax Assets, Gross
1,750 
1,888 
Deferred Tax Assets, Valuation Allowance
(102)
(56)
Deferred Tax Assets, Net of Valuation Allowance
1,648 
1,832 
Deferred Tax Liabilities, Leasing Arrangements
804 
786 
Deferred Tax Liabilities, Other Comprehensive Income
0 
197 
Deferred Tax Liabilities, Compensation and Benefits
97 
74 
Deferred Tax Liabilities, Mortgage Servicing Rights
566 
623 
Deferred Tax Liabilities Loans
98 
72 
Deferred Tax Liabilities, Goodwill and Intangible Assets
151 
141 
Deferred Tax Liabilities, Property, Plant and Equipment
153 
196 
Deferred Tax Liabilities, Other
53 
62 
Deferred Tax Liabilities, Gross
1,922 
2,151 
Deferred Tax Liabilities, Net
$ 274 
$ 319 
Income Taxes Changes in Unrecognized Tax Benefits (Details) (Federal and State [Member], USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Federal and State [Member]
 
 
 
Changes in Unrecognized Tax Benefits [Line Items]
 
 
 
Unrecognized Tax Benefits
$ 291 
$ 137 
$ 133 
Unrecognized Tax Benefits, Increases Resulting from Prior Period Tax Positions
4 
1 
 
Unrecognized Tax Benefits, Decreases Resulting from Prior Period Tax Positions
(10)
(2)
 
Unrecognized Tax Benefits, Increases Resulting from Current Period Tax Positions
171 
45 
 
Unrecognized Tax Benefits, Decreases Resulting from Settlements with Taxing Authorities
(2)
(34)
 
Unrecognized Tax Benefits, Reductions Resulting from Lapse of Applicable Statute of Limitations
$ (9)
$ (6)
 
Employee Benefit Plans - Additional Information (Detail) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Nov. 15, 2011
Nov. 14, 2011
Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation
$ 0 
 
 
 
 
Defined Benefit Plan, Effect of One Percentage Point Decrease on Service and Interest Cost Components
0 
 
 
 
 
Defined Benefit Plan, Effect of One Percentage Point Increase on Service and Interest Cost Components
0 
 
 
 
 
Long Term Incentive Deferred Cash Expense
150,000,000 
155,000,000 
116,000,000 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized
21 
 
 
 
 
Share Based Compensation Arrangement By Share Based Payment Award Options Available For Additional Grant
17 
 
 
 
 
Number of Restricted Stock Units Granted
 
574,257 
 
 
 
Fair Value of Restricted Stock Units Per Unit
 
21.67 
 
 
 
Balance of Restricted Stock Units
17,000,000 
12,000,000 
 
 
 
Fair value of options granted per share
$ 7.37 
$ 7.83 
$ 10.51 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value
11,000,000 
15,000,000 
1,000,000 
 
 
Fair Value of Vested Restricted Stock Units
 
 
0 
 
 
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized
66,000,000 
67,000,000 
 
 
 
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense
21,000,000 
26,000,000 
22,000,000 
 
 
Allocated Share-based Compensation Expense
 
 
0 
 
 
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition
1 year 8 months 
 
 
 
 
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay
6.00% 
6.00% 
 
 
 
Defined Contribution Plan, Cost Recognized
96,000,000 
96,000,000 
81,000,000 
 
 
Defined Contribution Plan, Employer Discretionary Contribution Amount
19,000,000 
38,000,000 
28,000,000 
 
 
Pension Account Effective Interest Crediting Rate
3.00% 
 
 
 
 
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments
0 
0 
(88,000,000)
 
 
Contributed To Postretirement Welfare Plan
1,000,000 
 
 
 
 
Expected Medicare Subsidy Reimbursement Amount
1,000,000 
 
 
 
 
Defined Benefit Plan, Accumulated Benefit Obligation
2,600,000,000 
2,800,000,000 
 
 
 
Defined Benefit Plan Effect of 25 Basis Point Decrease in Expected Return on Plan Assets
7,000,000 
 
 
 
 
Defined Benefit Plan Effect of 25 Basis Point Decrease in Discount Rate
1,000,000 
 
 
 
 
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate
5.00% 
 
 
 
 
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation
1,000,000 
 
 
 
 
Participants Younger Than 65 [Member]
 
 
 
 
 
Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year
7.75% 
 
 
 
 
Discretionary One-time Contribution, Employer Matching Percent [Member]
 
 
 
 
 
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay
1.00% 
2.00% 
5.00% 
 
 
Pension Plans, Defined Benefit
 
 
 
 
 
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments
0 
0 
(88,000,000)
 
 
Defined Benefit Plan, Effect of Settlements and Curtailments on Accumulated Benefit Obligation
 
 
(96,000,000)
 
 
Defined Benefit Plan, Plan Amendments
0 
0 
 
 
 
Defined Benefit Plan Basis Used To Determine Overall Expected Long Term Rate Of Returns On Assets Assumption Historical
7.00% 
0.00% 
 
7.25% 
7.75% 
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year
(16,000,000)
 
 
 
 
Other Postretirement Benefit Plans, Defined Benefit
 
 
 
 
 
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments
0 
0 
0 
 
 
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Expected Long Term Return on Assets
5.25% 
 
 
 
 
Defined Benefit Plan, Plan Amendments
76,000,000 
0 
 
 
 
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year
(6,000,000)
 
 
 
 
Other Postretirement Benefit Plan, Defined Benefit, Pre-tax [Member]
 
 
 
 
 
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Expected Long Term Return on Assets
5.25% 
 
 
 
 
Defined Benefit Plan Basis Used To Determine Overall Expected Long Term Rate Of Returns On Assets Assumption Historical
5.00% 
6.25% 
 
 
 
Other Postretirement Benefit Plan, Defined Benefit, After-tax [Member] [Member]
 
 
 
 
 
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Expected Long Term Return on Assets
3.41% 
 
 
 
 
Defined Benefit Plan Basis Used To Determine Overall Expected Long Term Rate Of Returns On Assets Assumption Historical
3.25% 
4.06% 
 
 
 
Subsidiary Issuer [Member]
 
 
 
 
 
Allocated Share-based Compensation Expense
6,000,000 
8,000,000 
 
 
 
Suntrust Retirement Plan [Member] |
Pension Plans, Defined Benefit
 
 
 
 
 
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Expected Long Term Return on Assets
7.00% 
 
 
 
 
NCF Retirement Plan [Member] |
Pension Plans, Defined Benefit
 
 
 
 
 
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Expected Long Term Return on Assets
6.50% 
 
 
 
 
salary shares [Member]
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid
 
4,000,000 
7,000,000 
 
 
Restricted Stock [Member]
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized
17 
 
 
 
 
Share Based Compensation Arrangement By Share Based Payment Award Options Available For Additional Grant
9 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value
21,000,000 
31,000,000 
55,000,000 
 
 
Restricted Stock Units (RSUs) [Member]
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value
$ 1,000,000 
$ 3,000,000 
 
 
 
Employee Benefit Plans Assumptions Used in Estimating the Grant Date Fair Value of Options Using the Black-Scholes Option Pricing Model (Detail)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dividend yield
1.28% 
0.91% 
0.75% 
Expected stock price volatility
30.98% 
39.88% 
34.87% 
Risk-free interest rate (weighted average)
1.02% 
1.07% 
2.48% 
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term
6 years 
6 years 
6 years 
Summary of Stock Option and Restricted Stock Activity (Detail) (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross
552,998 
859,390 
813,265 
 
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit
$ 9.06 
$ 9.06 
$ 9.06 
$ 9.06 
Stock Options Shares
 
 
 
 
Beginning balance
13,311,652 
15,869,417 
17,142,500 
 
Exercised/vested
(712,981)
(973,048)
(20,000)
 
Cancelled/expired/forfeited
(2,222,298)
(2,444,107)
(2,066,348)
 
Ending balance
10,929,371 
13,311,652 
15,869,417 
17,142,500 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number
9,351,182 
 
 
 
Stock Options Weighted Average Exercise Price
 
 
 
 
Beginning balance
$ 50.15 
$ 48.53 
$ 51.17 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
$ 27.41 
$ 21.92 
$ 29.70 
 
Cancelled/expired/forfeited
$ 56.55 
$ 45.73 
$ 63.40 
 
Ending balance
$ 49.86 
$ 50.15 
$ 48.53 
$ 51.17 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price
$ 53.89 
 
 
 
Restricted Stock Shares
 
 
 
 
Beginning balance
3,686,321 
4,622,167 
4,620,809 
 
Ending balance
3,983,538 
3,686,321 
4,622,167 
4,620,809 
Restricted Stock Deferred Compensation
 
 
 
 
Beginning balance
$ 48 
$ 48 
$ 43 
 
Ending balance
50 
48 
48 
43 
Restricted Stock Weighted Average Grant Price
 
 
 
 
Beginning balance
$ 25.56 
$ 21.46 
$ 25.32 
 
Ending balance
$ 27.04 
$ 25.56 
$ 21.46 
$ 25.32 
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price
$ 16.94 
$ 9.90 
$ 9.06 
 
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit
$ 150.45 
$ 150.45 
$ 150.45 
$ 150.45 
Share Based Compensation Shares Authorized Under Stock Option Plans Grants in Period Exercise Price Range Lower Range Limit
$ 27.41 
$ 21.67 
$ 19.98 
 
Share Based Compensation Shares Authorized Under Stock Option Plans Grants in Period Exercise Price Range Upper Range Limit
$ 27.41 
$ 23.68 
$ 32.27 
 
Share Based Compensation Shares Authorized Under Stock Option Plans Vested in Period Exercise Price Range Lower Range Limit
$ 9.06 
$ 9.06 
$ 9.06 
 
Share Based Compensation Shares Authorized Under Stock Option Plans Vested in Period Exercise Price Range Upper Range Limit
$ 27.79 
$ 22.69 
$ 9.06 
 
Share Based Compensation Shares Authorized Under Stock Option Plans Forfeitures and Expirations in Period Exercise Price Range Lower Range Limit
$ 21.67 
$ 9.06 
$ 9.06 
 
Share Based Compensation Shares Authorized Under Stock Option Plans Forfeitures and Expirations in Period Exercise Price Range Upper Range Limit
$ 118.18 
$ 85.06 
$ 140.40 
 
Restricted Stock [Member]
 
 
 
 
Restricted Stock Shares
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period
1,314,277 
1,737,202 
1,400,305 
 
Exercised/vested
(821,636)
(2,148,764)
(1,085,252)
 
Cancelled/expired/forfeited
(195,424)
(524,284)
(313,695)
 
Restricted Stock Deferred Compensation
 
 
 
 
Granted
39 
38 
44 
 
Cancelled/expired/forfeited
(5)
(8)
(7)
 
Amortization of restricted stock compensation
(32)
(30)
(32)
 
Restricted Stock Weighted Average Grant Price
 
 
 
 
Granted
$ 29.58 
$ 21.97 
$ 31.27 
 
Exercised/vested
$ 25.95 
$ 14.62 
$ 50.37 
 
Cancelled/expired/forfeited
$ 27.41 
$ 19.91 
$ 22.07 
 
Deferred Compensation Arrangement, Vested
$ 0 
$ 0 
$ 0 
 
Restricted Stock Units (RSUs) [Member]
 
 
 
 
Restricted Stock Shares
 
 
 
 
Beginning balance
1,930,646 
405,475 
65,190 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period
593,093 
1,717,148 
344,590 
 
Exercised/vested
(41,790)
(109,149)
0 
 
Cancelled/expired/forfeited
(14,229)
(82,828)
(4,305)
 
Ending balance
2,496,178 
1,930,646 
405,475 
 
Restricted Stock Weighted Average Grant Price
 
 
 
 
Beginning balance
$ 25.16 
$ 35.98 
$ 26.96 
 
Granted
$ 24.65 
$ 22.65 
$ 37.57 
 
Exercised/vested
$ 28.73 
$ 27.73 
$ 0.00 
 
Cancelled/expired/forfeited
$ 20.54 
$ 22.79 
$ 26.96 
 
Ending balance
$ 26.69 
$ 25.16 
$ 35.98 
 
Stock Options by Ranges of Exercise Price (Detail) (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
10,929,371 
13,311,652 
15,869,417 
17,142,500 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
$ 49.86 
$ 50.15 
$ 48.53 
$ 51.17 
Share Based Compensation Options Outstanding Weighted Average Remaining Contractual Term
3 years 3 months 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value
$ 78.00 
 
 
 
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options
9,351,182 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price
$ 53.89 
 
 
 
Share Based Compensation Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term
2 years 5 months 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value
61.00 
 
 
 
Range 1 [Member]
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
4,548,172 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
$ 19.57 
 
 
 
Share Based Compensation Options Outstanding Weighted Average Remaining Contractual Term
6 years 2 months 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value
78.00 
 
 
 
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options
2,969,983 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price
$ 16.14 
 
 
 
Share Based Compensation Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term
5 years 2 months 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value
61.00 
 
 
 
Range 2 [Member]
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
424,131 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
$ 56.16 
 
 
 
Share Based Compensation Options Outstanding Weighted Average Remaining Contractual Term
0 years 1 month 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value
0 
 
 
 
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options
424,131 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price
$ 56.16 
 
 
 
Share Based Compensation Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term
0 years 1 month 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value
0 
 
 
 
Range 3 [Member]
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
5,957,068 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
$ 72.54 
 
 
 
Share Based Compensation Options Outstanding Weighted Average Remaining Contractual Term
1 year 4 months 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value
0 
 
 
 
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options
5,957,068 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price
$ 72.54 
 
 
 
Share Based Compensation Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term
1 year 4 months 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value
$ 0 
 
 
 
Stock-Based Compensation Expense Recognized in Noninterest Expense (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Stock-based compensation expense:
 
 
 
Stock options
$ 6 
$ 11 
$ 15 
Restricted Stock Expense
32 
30 
32 
Restricted stock units
18 
27 
10 
Total stock-based compensation expense
$ 56 
$ 68 
$ 57 
Change in Benefit Obligations (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Pension Plans, Defined Benefit
 
 
 
Benefit obligation, beginning of year
$ 2,838 1
$ 2,661 
 
Defined Benefit Plan, Interest Cost
113 
119 
128 
Defined Benefit Plan, Contributions by Plan Participants
0 
0 
 
Defined Benefit Plan, Actuarial Gain (Loss)
(195)
242 
 
Defined Benefit Plan, Benefits Paid
(181)
(184)
 
Defined Benefit Plan, Gross Prescription Drug Subsidy Receipts Received
0 
0 
 
Defined Benefit Plan, Plan Amendments
0 
0 
 
Benefit obligation, end of year
2,575 1
2,838 1
2,661 
Other Postretirement Benefit Plans, Defined Benefit
 
 
 
Benefit obligation, beginning of year
167 1 2
173 
 
Defined Benefit Plan, Interest Cost
6 
7 
9 
Defined Benefit Plan, Contributions by Plan Participants
21 
22 
 
Defined Benefit Plan, Actuarial Gain (Loss)
1 
(2)
 
Defined Benefit Plan, Benefits Paid
(41)
(36)
 
Defined Benefit Plan, Gross Prescription Drug Subsidy Receipts Received
3 
3 
 
Defined Benefit Plan, Plan Amendments
(76)
0 
 
Benefit obligation, end of year
$ 81 1 2
$ 167 1 2
$ 173 
Pension Benefits with a Projected Benefit Obligation, in Excess of Plan Assets (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation
$ 80 
$ 2,701 
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation
$ 79 
$ 2,701 
Weighted Average Assumptions Used to Determine Benefit Obligations (Detail)
Dec. 31, 2013
Dec. 31, 2012
Pension Plans, Defined Benefit
 
 
Discount rate
4.98% 
4.08% 
Other Postretirement Benefit Plans, Defined Benefit
 
 
Discount rate
4.15% 
3.45% 
Change in Plan Assets (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Pension Plans, Defined Benefit
 
 
Defined Benefit Plan, Fair Value of Plan Assets
$ 2,742 
$ 2,550 
Defined Benefit Plan, Actual Return on Plan Assets
304 
350 
Defined Benefit Plan, Contributions by Employer
8 
26 
Defined Benefit Plan, Contributions by Plan Participants
0 
0 
Defined Benefit Plan, Benefits Paid
(181)
(184)
Defined Benefit Plan, Fair Value of Plan Assets
2,873 
2,742 
Other Postretirement Benefit Plans, Defined Benefit
 
 
Defined Benefit Plan, Fair Value of Plan Assets
164 1 2
161 
Defined Benefit Plan, Actual Return on Plan Assets
14 
17 
Defined Benefit Plan, Contributions by Employer
0 
0 
Defined Benefit Plan, Contributions by Plan Participants
21 
22 
Defined Benefit Plan, Benefits Paid
(41)
(36)
Defined Benefit Plan, Fair Value of Plan Assets
$ 158 1 2
$ 164 1 2
Asset Allocation for the Pension Plans and the Target Allocation, by Asset Category (Detail) (Pension Plans, Defined Benefit)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Defined Benefit Plan, Actual Plan Asset Allocations
100.00% 
100.00% 
Equity Securities
 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum
0.00% 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum
60.00% 
 
Defined Benefit Plan, Actual Plan Asset Allocations
48.00% 
59.00% 
Debt Securities [Member]
 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum
40.00% 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum
100.00% 
 
Defined Benefit Plan, Actual Plan Asset Allocations
49.00% 
39.00% 
Cash Equivalents [Member]
 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum
0.00% 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum
10.00% 
 
Defined Benefit Plan, Actual Plan Asset Allocations
3.00% 
2.00% 
Asset Allocation for the Other Postretirment Benefit Plan and the Target Allocation, by Asset Catergory (Detail) (Other Postretirement Benefit Plans, Defined Benefit)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Defined Benefit Plan, Actual Plan Asset Allocations
100.00% 
100.00% 
Equity Securities
 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum
20.00% 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum
40.00% 
 
Defined Benefit Plan, Actual Plan Asset Allocations
33.00% 
30.00% 
Debt Securities [Member]
 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum
50.00% 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum
70.00% 
 
Defined Benefit Plan, Actual Plan Asset Allocations
62.00% 
61.00% 
Cash Equivalents [Member]
 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum
5.00% 
 
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum
15.00% 
 
Defined Benefit Plan, Actual Plan Asset Allocations
5.00% 
9.00% 
Funded Status of Plans (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Pension Plans, Defined Benefit
 
 
 
Defined Benefit Plan, Fair Value of Plan Assets
$ 2,873 
$ 2,742 
$ 2,550 
Defined Benefit Plan, Benefit Obligation
(2,575)1
(2,838)1
(2,661)
Defined Benefit Plan, Funded Status of Plan
298 
(96)
 
Other Postretirement Benefit Plans, Defined Benefit
 
 
 
Defined Benefit Plan, Fair Value of Plan Assets
158 2 3
164 2 3
161 
Defined Benefit Plan, Benefit Obligation
(81)1 2
(167)1 2
(173)
Defined Benefit Plan, Funded Status of Plan
$ 77 2
$ (3)2
 
Employee Benefit Plans Funded Status of Plans (parenthetical) (Details) (Pension Plans, Defined Benefit, USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Pension Plans, Defined Benefit
 
 
Pension and Other Postretirement Defined Benefit Plans, Liabilities
$ 80 
$ 91 
Amounts Recognized in Accumulated Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Pension Plans, Defined Benefit
 
 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax
$ 807 
$ 1,145 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax
0 
0 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax
807 
1,145 
Other Postretirement Benefit Plans, Defined Benefit
 
 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax
(1)
5 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax
(76)
0 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax
$ (77)
$ 5 
Expected Cash Flows for the Pension Benefit and Other Postretirement Benefit Plans (Detail) (USD $)
12 Months Ended
Dec. 31, 2013
Pension Plans, Defined Benefit
 
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months
$ 171,000,000 1 2
Defined Benefit Plan, Expected Future Benefit Payments, Year Two
153,000,000 1 2
Defined Benefit Plan, Expected Future Benefit Payments, Year Three
153,000,000 1 2
Defined Benefit Plan, Expected Future Benefit Payments, Year Four
155,000,000 1 2
Defined Benefit Plan, Expected Future Benefit Payments, Year Five
155,000,000 1 2
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter
817,000,000 1 2
Pension Plans, Defined Benefit |
Plan Participants
 
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year
7,000,000 1 2
Other Postretirement Benefit Plans, Defined Benefit
 
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months
12,000,000 3
Defined Benefit Plan, Expected Future Benefit Payments, Year Two
9,000,000 3
Defined Benefit Plan, Expected Future Benefit Payments, Year Three
8,000,000 3
Defined Benefit Plan, Expected Future Benefit Payments, Year Four
8,000,000 3
Defined Benefit Plan, Expected Future Benefit Payments, Year Five
7,000,000 3
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter
25,000,000 3
Other Postretirement Benefit Plans, Defined Benefit |
Plan Participants
 
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year
0 3
Medicare Part D
 
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months
(1,000,000)
Defined Benefit Plan, Expected Future Benefit Payments, Year Two
0 
Defined Benefit Plan, Expected Future Benefit Payments, Year Three
0 
Defined Benefit Plan, Expected Future Benefit Payments, Year Four
0 
Defined Benefit Plan, Expected Future Benefit Payments, Year Five
0 
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter
0 
Medicare Part D |
Plan Participants
 
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year
$ (1,000,000)
Components of Net Periodic Benefit Cost (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments
$ 0 
$ 0 
$ (88)
Pension Plans, Defined Benefit
 
 
 
Defined Benefit Plan, Service Cost
0 
0 
62 
Defined Benefit Plan, Interest Cost
113 
119 
128 
Defined Benefit Plan, Expected Return on Plan Assets
(187)
(173)
(188)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)
0 
0 
(16)
Defined Benefit Plan, Amortization of Gains (Losses)
(26)
(25)
(39)
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments
0 
0 
(88)
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements
0 
2 
0 
Net periodic benefit cost
(48)
(27)
(63)
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate
4.08% 
4.63% 1
5.59% 2
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets
7.00% 
7.00% 
7.72% 3
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase
 
 
4.00% 
Other Postretirement Benefit Plans, Defined Benefit
 
 
 
Defined Benefit Plan, Service Cost
0 
0 
0 
Defined Benefit Plan, Interest Cost
6 
7 
9 
Defined Benefit Plan, Expected Return on Plan Assets
(6)
(7)
(7)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)
0 
0 
0 
Defined Benefit Plan, Amortization of Gains (Losses)
0 
0 
(1)
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments
0 
0 
0 
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements
0 
0 
0 
Net periodic benefit cost
$ 0 
$ 0 
$ 3 
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate
3.45% 
4.10% 
5.10% 
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets
3.25% 4
4.06% 4
4.39% 4
Components of Net Periodic Benefit Cost (parenthetical) (Details) (Pension Plans, Defined Benefit)
Dec. 31, 2013
Dec. 31, 2012
Nov. 15, 2011
Nov. 14, 2011
Pension Plans, Defined Benefit
 
 
 
 
Defined Benefit Plan Basis Used To Determine Overall Expected Long Term Rate Of Returns On Assets Assumption Historical
7.00% 
0.00% 
7.25% 
7.75% 
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
$ (399)
$ 95 
$ 382 
Pension Plans, Defined Benefit
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax
(312)
 
 
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Before Tax
(26)
 
 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax
0 
 
 
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
338 
 
 
Defined Benefit Plans Recognized in Periodic Benefit Cost and Accumulated Comprehensive Income
(386)
 
 
Other Postretirement Benefit Plans, Defined Benefit
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax
(6)
 
 
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Before Tax
0 
 
 
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax
(76)
 
 
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
82 
 
 
Defined Benefit Plans Recognized in Periodic Benefit Cost and Accumulated Comprehensive Income
$ (82)
 
 
Derivative Financial Instruments - Additional Information (Detail) (USD $)
Share data in Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Derivative Liability, Fair Value, Gross Liability
$ 5,673,000,000 
$ 7,514,000,000 
 
Derivative Liability, Fair Value of Collateral
864,000,000 
1,259,000,000 
 
Derivative Asset, Fair Value, Gross Asset
6,125,000,000 
8,656,000,000 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net
 
60,000,000 
 
Executed equity forward agreement underlying shares
 
60 
 
Sold equity forward agreement underlying shares
 
59 
 
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net
 
1,000,000 
2,000,000 
Contributed equity forward agreement underlying shares
 
1 
 
Net gain on sale of certain other equity securities
 
1,900,000,000 
 
Gain (Loss) on Contract Termination
 
(305,000,000)
 
Cash Flow Hedging
 
 
 
Deferred net gains on derivatives that are recorded in AOCI are expected to be reclassified to net interest income over the next twelve months in connection with the recognition of interest income or interest expense on these hedged items
371,000,000 
 
 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
327,000,000 
(28,000,000)
423,000,000 
written risk participations [Member]
 
 
 
Minimum Term of Credit Risk Derivatives
1 year 
1 year 
 
Maximum Term of Credit Risk Derivatives
12 years 
10 years 
 
Weighted Average Term of Credit Risk Derivatives
6.9 
4.4 
 
Credit and Market Risk
 
 
 
Derivative asset positions
1,000,000,000 
1,800,000,000 
 
Net derivative asset positions to which the Company was exposed to risk of its counterparties, netted by counterparty where formal netting arrangements exist
1,500,000,000 
2,600,000,000 
 
Collateral Held by The Company Against Derivative Asset Positions
500,000,000 
800,000,000 
 
Adjusted the fair value of its net derivative asset position for estimates of counterparty credit risk
16,000,000 
29,000,000 
 
Derivative Liability, Fair Value, Gross Liability
941,000,000 
1,300,000,000 
 
Credit and Market Risk |
Additional Termination Event [Member]
 
 
 
Derivative Liability, Fair Value, Gross Liability
3,000,000 
 
 
Credit and Market Risk |
Additional Termination Event [Member] |
Credit Downgrade [Member]
 
 
 
Derivative Liability, Fair Value, Gross Liability
9,000,000 
 
 
Credit and Market Risk |
Credit Support Annex
 
 
 
Derivative Liability, Fair Value, Gross Liability
938,000,000 
 
 
Credit and Market Risk |
Credit Support Annex |
Credit Downgrade [Member]
 
 
 
Posted collateral
10,000,000 
 
 
Credit Default Swap
 
 
 
Minimum Term of Credit Risk Derivatives
 
1 year 
 
Maximum Term of Credit Risk Derivatives
4 years 
3 years 
 
Maximum exposure
60,000,000 
52,000,000 
 
Derivative, Notional Amount
70,000,000 
175,000,000 
 
Credit Risk Derivatives, at Fair Value, Net
3,000,000 
1,000,000 
 
Credit Derivatives Swap Participation
 
 
 
Maximum exposure
33,000,000 
20,000,000 
 
Credit Risk Derivatives, at Fair Value, Net
1,000,000 
1,000,000 
 
Cash Flow Derivatives Hedges [Member]
 
 
 
Derivative, Lower Remaining Maturity Range
1 year 
1 year 
 
Derivative, Higher Remaining Maturity Range
5 years 
5 years 
 
Weighted Average of Maturities of Cash Flow Hedges
2.0 
2.4 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net
1,000,000 
1,000,000 
 
Total Return Swap
 
 
 
Derivative Liability, Fair Value, Gross Liability
31,000,000 
46,000,000 
 
Derivative, Notional Amount
1,500,000,000 
1,900,000,000 
 
Derivative Asset, Fair Value, Gross Asset
35,000,000 
51,000,000 
 
Collateral held
228,000,000 
282,000,000 
 
Derivatives Sold |
Credit Default Swap
 
 
 
Credit Risk Derivatives, at Fair Value, Net
3,000,000 
1,000,000 
 
Interest Income (Expense), Net [Member]
 
 
 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
$ 90,000,000 
$ 171,000,000 
$ 202,000,000 
Derivative Positions (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Derivative Asset, Fair Value, Gross Asset
$ 6,125 
$ 8,656 
Derivative liability positions, fair value
5,673 
7,514 
Derivative Asset, Collateral, Obligation to Return Cash, Offset
(4,284)
(5,843)
Derivative Liability, Collateral, Right to Reclaim Cash, Offset
(4,284)
(5,843)
Derivative Asset, Fair Value of Collateral
(457)
(730)
Derivative Liability, Fair Value of Collateral
(864)
(1,259)
Derivative Assets
1,384 1
2,083 1
Derivative Liabilities
525 2
412 2
Derivative Financial Instruments, Assets
 
 
Derivative, Notional Amount
120,818 
135,993 
Derivative Asset, Fair Value, Gross Asset
6,125 
8,656 
Derivative Assets
1,384 
2,083 3
Derivative Financial Instruments, Assets |
Designated as Hedging Instrument |
Cash Flow Hedging |
Interest Rate Contract [Member] |
Floating Rate Loans |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
471 4
771 4
Derivative Asset, Notional Amount
17,250 4
17,350 4
Derivative Financial Instruments, Assets |
Designated as Hedging Instrument |
Fair Value Hedging |
Interest Rate Contract [Member] |
Fixed Rate Debt |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
52 5
61 5
Derivative Asset, Notional Amount
2,000 5
1,000 5
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
5,602 
7,824 
Derivative Asset, Notional Amount
101,568 
117,643 
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Fixed Rate Debt |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
0 
0 
Derivative Asset, Notional Amount
0 
0 
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Mortgage Servicing Rights [Member] |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
27 6
150 6
Derivative Asset, Notional Amount
1,425 6
6,185 6
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Loans |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
30 6 7
6 6 8
Derivative Asset, Notional Amount
4,561 6 7
2,333 6 8
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Trading Activity |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
2,917 6 9
6,044 10 6
Derivative Asset, Notional Amount
70,615 6 9
81,930 10 6
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Foreign Exchange Contract |
Trading Activity |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
61 6
66 6
Derivative Asset, Notional Amount
2,449 6
2,451 6
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Foreign Exchange Contract |
Foreign-Denominated Debt and Commercial Loans |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
 
0 
Derivative Asset, Notional Amount
 
0 
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Credit Risk Contract [Member] |
Loans |
Other Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
0 
0 
Derivative Asset, Notional Amount
0 
0 
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Credit Risk Contract [Member] |
Trading Activity |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
37 11 6
55 12 6
Derivative Asset, Notional Amount
1,568 11 6
1,958 12 6
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Equity Contract [Member] |
Trading Activity |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
2,504 6 9
1,342 10 6
Derivative Asset, Notional Amount
19,595 6 9
15,748 10 6
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Other Contract |
Loans |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
12 13 6
132 14 6
Derivative Asset, Notional Amount
1,114 13 6
6,783 14 6
Derivative Financial Instruments, Assets |
Not Designated as Hedging Instrument [Member] |
Other Contract |
Trading Activity |
Trading Account Assets [Member]
 
 
Derivative Asset, Fair Value, Gross Asset
14 6
29 6
Derivative Asset, Notional Amount
241 6
255 6
Derivative Financial Instruments, Liabilities [Member]
 
 
Derivative, Notional Amount
104,799 
133,283 
Derivative liability positions, fair value
5,673 
7,514 
Derivative Liabilities
525 
412 3
Derivative Financial Instruments, Liabilities [Member] |
Designated as Hedging Instrument |
Cash Flow Hedging |
Interest Rate Contract [Member] |
Floating Rate Loans |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
0 
0 
Derivative liability positions, fair value
0 
0 4
Derivative Financial Instruments, Liabilities [Member] |
Designated as Hedging Instrument |
Fair Value Hedging |
Interest Rate Contract [Member] |
Fixed Rate Debt |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
900 5
0 
Derivative liability positions, fair value
24 5
0 
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member]
 
 
Derivative Liability, Notional Amount
103,899 
133,283 
Derivative liability positions, fair value
5,649 
7,514 
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Fixed Rate Debt |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
60 6
60 6
Derivative liability positions, fair value
7 6
10 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Mortgage Servicing Rights [Member] |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
6,898 6
12,643 6
Derivative liability positions, fair value
79 6
33 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Loans |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
1,317 6 7
7,076 6 8
Derivative liability positions, fair value
5 6 7
15 6 8
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Interest Rate Contract [Member] |
Trading Activity |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
65,299 6 9
86,037 10 6
Derivative liability positions, fair value
2,742 6 9
5,777 10 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Foreign Exchange Contract |
Trading Activity |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
2,624 6
2,326 6
Derivative liability positions, fair value
57 6
63 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Foreign Exchange Contract |
Foreign-Denominated Debt and Commercial Loans |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
 
34 6
Derivative liability positions, fair value
 
0 
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Credit Risk Contract [Member] |
Loans |
Other Liabilities [Member]
 
 
Derivative Liability, Notional Amount
427 6
445 6
Derivative liability positions, fair value
5 6
8 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Credit Risk Contract [Member] |
Trading Activity |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
1,579 11 6
2,081 12 6
Derivative liability positions, fair value
34 11 6
49 12 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Equity Contract [Member] |
Trading Activity |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
24,712 6 9
22,184 10 6
Derivative liability positions, fair value
2,702 6 9
1,529 10 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Other Contract |
Loans |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
755 13 6
142 14 6
Derivative liability positions, fair value
4 13 6
1 14 6
Derivative Financial Instruments, Liabilities [Member] |
Not Designated as Hedging Instrument [Member] |
Other Contract |
Trading Activity |
Trading Liabilities [Member]
 
 
Derivative Liability, Notional Amount
228 6
255 6
Derivative liability positions, fair value
$ 14 6
$ 29 6
Derivative Positions (Parenthetical) (Detail) (Not Designated as Hedging Instrument [Member], USD $)
Share data in Millions, unless otherwise specified
1 Months Ended
Dec. 31, 2013
Trading Activity
Dec. 31, 2012
Trading Activity
Dec. 31, 2013
Derivative Financial Instruments, Assets
Trading Activity
Dec. 31, 2012
Derivative Financial Instruments, Assets
Trading Activity
Dec. 31, 2013
Derivative Financial Instruments, Liabilities [Member]
Dec. 31, 2012
Derivative Financial Instruments, Liabilities [Member]
Dec. 31, 2013
Derivative Financial Instruments, Liabilities [Member]
Future [Member]
Dec. 31, 2012
Derivative Financial Instruments, Liabilities [Member]
Future [Member]
May 31, 2009
Derivative Financial Instruments, Liabilities [Member]
Visa Interest [Member]
Notional Amount Of Interest Rate Future Derivatives
 
 
$ 15,200,000,000 
$ 16,200,000,000 
 
 
$ 885,000,000 
$ 1,700,000,000 
 
Notional related to equity futures
 
 
200,000,000 
800,000,000 
 
 
 
 
 
Asset amount notional from purchased and written interest rate swap risk participation agreements
4,000,000 
3,000,000 
 
 
 
 
 
 
 
Notional Amount Liability Purchased And Written Interest Rate Swap Risk Participation Agreements
5,000,000 
3,000,000 
 
 
 
 
 
 
 
Number Of Shares Sold To Selected Financial Institutions
 
 
 
 
 
 
 
 
3.2 
Notional Amount Derivative Liability Sale Of Shares
 
 
 
 
$ 55,000,000 
$ 134,000,000 
 
 
 
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
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flow Hedging
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
$ 16 
$ 81 
$ 684 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
327 
(28)
423 
Cash Flow Hedging |
Equity Contract [Member] |
Available-for-sale Securities [Member]
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
 
(171)1
(46)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
 
(365)1
0 
Cash Flow Hedging |
Interest Income, Interest and Fees on Loans |
Interest Rate Contract [Member] |
forecasted debt [Member]
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
(2)
 
 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
0 
 
 
Cash Flow Hedging |
Interest Income, Interest and Fees on Loans |
Interest Rate Contract [Member] |
Floating Rate Loans
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
18 2
252 3
730 4
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
327 2
337 3
423 4
Fair Value Hedging
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
 
6 5
 
Amount of gain on related Hedged Items recognized in Income
 
(6)5
 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
 
0 5
 
Fair Value Hedging |
Trading Account Profits And Commissions [Member] |
Interest Rate Contract [Member] |
Available-for-sale Securities [Member]
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
 
1 5
 
Amount of gain on related Hedged Items recognized in Income
 
(1)5
 
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
 
0 5
 
Fair Value Hedging |
Trading Account Profits And Commissions [Member] |
Interest Rate Contract [Member] |
Fixed Rate Debt
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
(36)5
5 5
51 5
Amount of gain on related Hedged Items recognized in Income
33 5
(5)5
(52)5
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net
(3)5
0 5
(1)5
Not Designated as Hedging Instrument [Member]
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
190 
1,134 
779 
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member] |
Interest Rate Contract [Member] |
Fixed Rate Debt
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
2 
(2)
(5)
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member] |
Interest Rate Contract [Member] |
Trading Activity
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
59 
86 
113 
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member] |
Foreign Exchange Contract |
Trading Activity
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
23 
14 
18 
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member] |
Foreign Exchange Contract |
Foreign-Denominated Debt and Commercial Loans
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
1 
129 
(4)
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member] |
Credit Risk Contract [Member] |
Loans
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
 
(3)
(1)
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member] |
Credit Risk Contract [Member] |
Trading Activity
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
21 
24 
15 
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member] |
Equity Contract [Member] |
Trading Activity
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
(15)
8 
(3)
Not Designated as Hedging Instrument [Member] |
Other Income [Member] |
Credit Risk Contract [Member] |
Loans
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
(4)
(8)6
 
Not Designated as Hedging Instrument [Member] |
Mortgage Servicing Income [Member] |
Interest Rate Contract [Member] |
Mortgage Servicing Rights [Member]
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
(284)
284 
572 
Not Designated as Hedging Instrument [Member] |
Mortgage Production Income [Member] |
Interest Rate Contract [Member] |
Loans
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
289 
(331)
(281)
Not Designated as Hedging Instrument [Member] |
Mortgage Production Income [Member] |
Other Contract |
Loans
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
$ 98 
$ 930 
$ 355 
Impacts of Derivative Financial Instruments on the Consolidated Statements of Income/(Loss) and the Consolidated Statements of Shareholders' Equity (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net
 
$ 60 
 
Interest Income (Expense), Net [Member]
 
 
 
Reclassified in pre-tax gains from AOCI into net interest income
90 
171 
202 
Not Designated as Hedging Instrument [Member]
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
190 
1,134 
779 
Loans |
Credit Risk Contract [Member] |
Not Designated as Hedging Instrument [Member] |
Trading Account Profits And Commissions [Member]
 
 
 
Derivative Instruments, Gain (Loss) Recognized in Income, Net
 
$ (3)
$ (1)
Derivative Financial Instruments Netting of Financial Instruments - Derivatives (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset
$ 6,125 
$ 8,656 
Derivative Asset, Fair Value, Amount Offset Against Collateral
4,741 
6,573 
Derivative Assets
1,384 1
2,083 1
Collateral Held by The Company Against Derivative Asset Positions
51 
94 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
1,333 
1,989 
Derivative Liability, Fair Value, Gross Liability
5,673 
7,514 
Derivative Liability, Fair Value, Amount Offset Against Collateral
5,148 
7,102 
Derivative Liabilities
525 2
412 2
Financial Instruments, Owned and Pledged as Collateral, at Fair Value
13 
37 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
512 
375 
Derivatives Subject to Master Netting Arrangement or Similar Arrangement [Member]
 
 
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset
5,285 
8,041 
Derivative Asset, Fair Value, Amount Offset Against Collateral
4,239 
6,273 
Derivative Assets
1,046 
1,768 
Collateral Held by The Company Against Derivative Asset Positions
51 
94 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
995 
1,674 
Derivative Liability, Fair Value, Gross Liability
4,982 
7,051 
Derivative Liability, Fair Value, Amount Offset Against Collateral
4,646 
6,802 
Derivative Liabilities
336 
249 
Financial Instruments, Owned and Pledged as Collateral, at Fair Value
13 
37 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
323 
212 
Derivatives Not Subject to Master Netting Arrangement or Similar Arrangement [Member] [Member]
 
 
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset
12 
132 
Derivative Asset, Fair Value, Amount Offset Against Collateral
0 
0 
Derivative Assets
12 
132 
Collateral Held by The Company Against Derivative Asset Positions
0 
0 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
12 
132 
Derivative Liability, Fair Value, Gross Liability
189 
163 
Derivative Liability, Fair Value, Amount Offset Against Collateral
0 
0 
Derivative Liabilities
189 
163 
Financial Instruments, Owned and Pledged as Collateral, at Fair Value
0 
0 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
189 
163 
Exchange Traded [Member]
 
 
Derivative [Line Items]
 
 
Derivative Asset, Fair Value, Gross Asset
828 
483 
Derivative Asset, Fair Value, Amount Offset Against Collateral
502 
300 
Derivative Assets
326 
183 
Collateral Held by The Company Against Derivative Asset Positions
0 
0 
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
326 
183 
Derivative Liability, Fair Value, Gross Liability
502 
300 
Derivative Liability, Fair Value, Amount Offset Against Collateral
502 
300 
Derivative Liabilities
0 
0 
Financial Instruments, Owned and Pledged as Collateral, at Fair Value
0 
0 
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
$ 0 
$ 0 
Derivative Financial Instruments Netting of Financial Instruments - Derivatives (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Derivative [Line Items]
 
 
Derivative Assets
$ 1,384 1
$ 2,083 1
Derivative Asset, Fair Value of Collateral
(457)
(730)
Derivative Liabilities
525 2
412 2
Derivative Liability, Fair Value of Collateral
(864)
(1,259)
Trading Liabilities [Member]
 
 
Derivative [Line Items]
 
 
Derivative Liabilities
525 
412 
Derivative Liability, Fair Value of Collateral
(864)
(1,300)
Trading Account Assets [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
1,400 
2,100 
Derivative Asset, Fair Value of Collateral
$ (457)
$ (730)
Reinsurance Arrangements and Guarantees - Additional Information (Detail) (USD $)
Share data in Millions, unless otherwise specified
3 Months Ended 12 Months Ended 108 Months Ended 108 Months Ended 12 Months Ended 108 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2009
Dec. 31, 2013
Dec. 31, 2010
Dec. 31, 2013
Ginnie Mae
Dec. 31, 2013
Non Government Sponsored Agency [Member]
Dec. 31, 2012
Non Government Sponsored Agency [Member]
Dec. 31, 2011
Non Government Sponsored Agency [Member]
Dec. 31, 2013
Non Government Sponsored Agency [Member]
Dec. 31, 2013
US Government Sponsored Agency [Member]
Dec. 31, 2012
US Government Sponsored Agency [Member]
Dec. 31, 2013
Standby Letters of Credit
Dec. 31, 2012
Standby Letters of Credit
Dec. 31, 2013
Mortgage Servicing Rights [Member]
Dec. 31, 2012
Mortgage Servicing Rights [Member]
Dec. 31, 2013
Visa Interest [Member]
Dec. 31, 2012
Visa Interest [Member]
Dec. 31, 2011
Visa Interest [Member]
May 31, 2009
Visa Interest [Member]
Dec. 31, 2013
Tax Credit Sales [Member]
Dec. 31, 2012
Tax Credit Sales [Member]
May 31, 2009
Not Designated as Hedging Instrument [Member]
Derivative Financial Instruments, Liabilities [Member]
Visa Interest [Member]
Dec. 31, 2013
Loans Held For Investment [Member]
Dec. 31, 2012
Loans Held For Investment [Member]
Dec. 31, 2013
Loans Held For Investment [Member]
Nonperforming Financing Receivable [Member]
Dec. 31, 2012
Loans Held For Investment [Member]
Nonperforming Financing Receivable [Member]
Dec. 31, 2013
Residential Mortgage, Loans Held For Sale [Member]
Dec. 31, 2012
Residential Mortgage, Loans Held For Sale [Member]
Dec. 31, 2013
Residential Mortgage, Loans Held For Sale [Member]
Nonperforming Financing Receivable [Member]
Dec. 31, 2012
Residential Mortgage, Loans Held For Sale [Member]
Nonperforming Financing Receivable [Member]
Maximum potential amount obligation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 3,300,000,000 
$ 4,000,000,000 
 
 
 
 
 
 
$ 37,000,000 
 
 
 
 
 
 
 
 
 
 
Loans sold from January 1, 2005 to September 30, 2011
 
 
 
 
 
295,600,000,000 
 
34,400,000,000 
 
 
 
30,300,000,000 
230,900,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Sold Repurchased Request Amount
 
1,500,000,000 
1,700,000,000 
1,700,000,000 
 
8,500,000,000 
 
 
18,000,000 
22,000,000 
50,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unpaid principal balance of loans related to unresolved requests previously received from investors
126,000,000 
126,000,000 
655,000,000 
 
 
126,000,000 
 
 
4,000,000 
16,000,000 
 
4,000,000 
122,000,000 
639,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage Repurchase Reserve, Provision for Mortgage Loan Repurchase Losses
63,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve For Mortgage Loan Repurchase Losses
78,000,000 
78,000,000 
632,000,000 
320,000,000 
 
78,000,000 
265,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Repurchased or otherwise settled mortgages
 
1,100,000,000 
769,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Repurchased mortgage loans
339,000,000 
339,000,000 
240,000,000 
 
 
339,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
325,000,000 
209,000,000 
54,000,000 
70,000,000 
14,000,000 
31,000,000 
14,000,000 
31,000,000 
Loss Contingency Accrual, at Carrying Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21,000,000 
12,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Business Combination, Contingent Consideration, Liability
26,000,000 
26,000,000 
30,000,000 
 
 
26,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Third Party Escrow, Gross Funded Since Inception
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8,500,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Third Party Escrow, Amount Paid From Escrow
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,100,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Third Party litigation claims paid from escrow
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,400,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number Of Shares Sold To Selected Financial Institutions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.2 
 
 
 
 
 
 
 
 
Shares of Class B Visa Inc Common Stock Sold to Another FinancialIinstitution, Value
 
 
 
 
112,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain (Loss) on Sale of Other Investments
 
 
 
 
112,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock conversion rate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.4206 
 
 
0.6296 
 
 
 
 
 
 
 
 
 
 
 
Payments to derivative counterparty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0 
26,000,000 
8,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
Visa Share of Claims in Settlement Agreement Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,400,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax Credits To Be Delivered
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 1,000,000 
$ 3,000,000 
 
 
 
 
 
 
 
 
 
Outstanding Balance of Loans Sold by Vintage and Type of Buyer (Detail) (USD $)
In Billions, unless otherwise specified
Dec. 31, 2013
Outstanding balance remaining of loans sold to outside investors
$ 105.3 
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
77.0 1
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
17.3 1
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
11.0 
Vintage 2005
 
Outstanding balance remaining of loans sold to outside investors
5.5 
Vintage 2005 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
1.9 1
Vintage 2005 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
0.4 1
Vintage 2005 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
3.2 
Vintage 2006
 
Outstanding balance remaining of loans sold to outside investors
7.0 
Vintage 2006 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
2.0 1
Vintage 2006 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
0.3 1
Vintage 2006 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
4.7 
Vintage 2007
 
Outstanding balance remaining of loans sold to outside investors
7.3 
Vintage 2007 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
3.9 1
Vintage 2007 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
0.3 1
Vintage 2007 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
3.1 
Vintage 2008
 
Outstanding balance remaining of loans sold to outside investors
4.9 
Vintage 2008 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
3.7 1
Vintage 2008 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
1.2 1
Vintage 2008 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
0 
Vintage 2009
 
Outstanding balance remaining of loans sold to outside investors
14.1 
Vintage 2009 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
11.0 1
Vintage 2009 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
3.1 1
Vintage 2009 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
0 
Vintage 2010
 
Outstanding balance remaining of loans sold to outside investors
9.8 
Vintage 2010 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
7.3 1
Vintage 2010 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
2.5 1
Vintage 2010 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
0 
Vintage 2011
 
Outstanding balance remaining of loans sold to outside investors
10.3 
Vintage 2011 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
8.2 1
Vintage 2011 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
2.1 1
Vintage 2011 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
0 
Vintage 2012
 
Outstanding balance remaining of loans sold to outside investors
21.6 
Vintage 2012 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
17.7 1
Vintage 2012 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
3.9 1
Vintage 2012 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
0 
Vintage 2013
 
Outstanding balance remaining of loans sold to outside investors
24.8 
Vintage 2013 |
US Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
21.3 1
Vintage 2013 |
Ginnie Mae
 
Outstanding balance remaining of loans sold to outside investors
3.5 1
Vintage 2013 |
Non Government Sponsored Agency [Member]
 
Outstanding balance remaining of loans sold to outside investors
$ 0 
Mortgage Loan Repurchase Losses (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Reserve for mortgage loan repurchase losses
 
 
 
Balance at beginning of period
$ 632 
$ 320 
$ 265 
Repurchase provision
114 
713 
502 
Charge-offs
(668)
(401)
(447)
Balance at end of period
$ 78 
$ 632 
$ 320 
Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
$ 5,040 
$ 6,227 
 
Derivative Assets
1,384 1
2,083 1
 
Available-for-sale Securities
22,542 
21,953 
 
Loans Held-for-sale, Fair Value Disclosure
1,378 
3,243 
 
Loans Receivable, Fair Value Disclosure
302 
379 
 
Servicing Asset at Fair Value, Amount
1,300 
899 
 
Trading Liabilities, Fair Value Disclosure
1,181 
1,176 
 
Derivative Liabilities
525 2
412 2
 
Deposits, Fair Value Disclosure
764 
832 
 
Long-term Debt, Fair Value
1,556 
1,622 
 
Other Liabilities, Fair Value Disclosure
29 3 4
31 5 6 7
 
Netting [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
(4,741)3 8
(6,573)5 8
 
Trading Liabilities, Fair Value Disclosure
(5,148)3 8
(7,102)5 8
 
Other Liabilities, Fair Value Disclosure
0 3 4 8
0 5 6 7 8
 
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Available-for-sale Securities
22,542 
21,953 
 
Loans Held-for-sale, Fair Value Disclosure
1,378 
3,243 
 
Loans Receivable, Fair Value Disclosure
302 
379 
 
Servicing Asset at Fair Value, Amount
1,300 
899 
 
Deposits, Fair Value Disclosure
764 
832 
 
Long-term Debt, Fair Value
1,556 
1,622 
 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
1,156 
696 
 
Available-for-sale Securities
1,396 
291 
 
Loans Held-for-sale, Fair Value Disclosure
0 
0 
 
Loans Receivable, Fair Value Disclosure
0 
0 
 
Servicing Asset at Fair Value, Amount
0 
0 
 
Trading Liabilities, Fair Value Disclosure
979 
891 
 
Deposits, Fair Value Disclosure
0 
0 
 
Long-term Debt, Fair Value
0 
0 
 
Other Liabilities, Fair Value Disclosure
0 
0 
 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
8,553 
11,914 
 
Available-for-sale Securities
20,193 
20,748 
 
Loans Held-for-sale, Fair Value Disclosure
1,375 
3,235 
 
Loans Receivable, Fair Value Disclosure
0 
0 
 
Servicing Asset at Fair Value, Amount
0 
0 
 
Trading Liabilities, Fair Value Disclosure
5,346 
7,387 
 
Deposits, Fair Value Disclosure
764 
832 
 
Long-term Debt, Fair Value
1,556 
1,622 
 
Other Liabilities, Fair Value Disclosure
0 3 4
0 5 6 7
 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
72 
190 
 
Available-for-sale Securities
953 
914 
 
Loans Held-for-sale, Fair Value Disclosure
3 
8 
 
Loans Receivable, Fair Value Disclosure
302 
379 
 
Servicing Asset at Fair Value, Amount
1,300 
899 
 
Trading Liabilities, Fair Value Disclosure
4 
0 
 
Deposits, Fair Value Disclosure
0 
0 
 
Long-term Debt, Fair Value
0 
0 
 
Other Liabilities, Fair Value Disclosure
29 3 4
31 5 6 7
 
Trading Loans [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
1,888 
2,319 
 
Trading Loans [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Trading Loans [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
1,888 
2,319 
 
Trading Loans [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]
 
 
 
Trading assets
0 
0 
 
Equity Securities |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
109 
100 
 
Available-for-sale Securities
842 9
702 10
 
Trading Liabilities, Fair Value Disclosure
5 
9 
 
Equity Securities |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
109 
100 
 
Available-for-sale Securities
103 9
69 10
 
Trading Liabilities, Fair Value Disclosure
5 
9 
 
Equity Securities |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
Trading Liabilities, Fair Value Disclosure
0 
0 
 
Equity Securities |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
739 9
633 10
 
Trading Liabilities, Fair Value Disclosure
0 
0 
 
Derivative Financial Instruments, Assets |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
828 3
485 5
 
Derivative Financial Instruments, Assets |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
5,285 3
8,039 5
 
Derivative Financial Instruments, Assets |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
12 
132 
 
Commercial Paper [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
29 
28 
 
Commercial Paper [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Commercial Paper [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
29 
28 
 
Commercial Paper [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]
 
 
 
Trading assets
0 
0 
 
Other Debt Obligations [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
534 
567 
 
Available-for-sale Securities
42 
46 
 
Trading Liabilities, Fair Value Disclosure
179 
173 
 
Other Debt Obligations [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
Trading Liabilities, Fair Value Disclosure
0 
0 
 
Other Debt Obligations [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
534 
566 
 
Available-for-sale Securities
37 
41 
 
Trading Liabilities, Fair Value Disclosure
179 
173 
 
Other Debt Obligations [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]
 
 
 
Trading assets
0 
1 
 
Available-for-sale Securities
5 
5 
 
Trading Liabilities, Fair Value Disclosure
0 
0 
 
Asset-backed Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
6 
36 
 
Available-for-sale Securities
79 
216 
 
Asset-backed Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
Asset-backed Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
31 
 
Available-for-sale Securities
58 
195 
 
Asset-backed 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]
 
 
 
Trading assets
6 
5 
 
Available-for-sale Securities
21 
21 
 
Collateralized Debt Obligations [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
57 
55 
 
Collateralized Debt Obligations [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Collateralized Debt Obligations [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
3 
3 
 
Collateralized Debt Obligations [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]
 
 
 
Trading assets
54 
52 
 
Mortgage-backed Securities, Issued by Private Enterprises [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Available-for-sale Securities
154 
209 
 
Mortgage-backed Securities, Issued by Private Enterprises [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Available-for-sale Securities
0 
0 
 
Mortgage-backed Securities, Issued by Private Enterprises [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Available-for-sale Securities
0 
0 
 
Mortgage-backed Securities, Issued by Private Enterprises [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]
 
 
 
Available-for-sale Securities
154 
209 
 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
323 
432 
 
Available-for-sale Securities
18,911 
18,169 
 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
323 
432 
 
Available-for-sale Securities
18,911 
18,169 
 
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
US States and Political Subdivisions Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
65 
34 
 
Available-for-sale Securities
237 
320 
 
US States and Political Subdivisions Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
US States and Political Subdivisions Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
65 
34 
 
Available-for-sale Securities
203 
274 
 
US States and Political Subdivisions Debt 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]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
34 
46 
 
US Government Agencies Debt Securities |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
426 
462 
 
Available-for-sale Securities
984 
2,069 
 
US Government Agencies Debt Securities |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
US Government Agencies Debt Securities |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
426 
462 
 
Available-for-sale Securities
984 
2,069 
 
US Government Agencies Debt Securities |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
US Treasury Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
219 
111 
 
Available-for-sale Securities
1,293 
222 
 
Trading Liabilities, Fair Value Disclosure
472 
582 
 
US Treasury Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
219 
111 
 
Available-for-sale Securities
1,293 
222 
 
Trading Liabilities, Fair Value Disclosure
472 
582 
 
US Treasury Securities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
Trading Liabilities, Fair Value Disclosure
0 
0 
 
US Treasury 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]
 
 
 
Trading assets
0 
0 
 
Available-for-sale Securities
0 
0 
 
Trading Liabilities, Fair Value Disclosure
0 
0 
 
Derivative Financial Instruments, Liabilities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading Liabilities, Fair Value Disclosure
502 3
300 5
 
Derivative Financial Instruments, Liabilities [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Trading Liabilities, Fair Value Disclosure
5,167 3
7,214 5
 
Derivative Financial Instruments, Liabilities [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]
 
 
 
Trading Liabilities, Fair Value Disclosure
4 
0 
 
Corporate and Other [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
261 
319 
 
Corporate and Other [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
0 
0 
 
Corporate and Other [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
261 
319 
 
Corporate and Other [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]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
0 
0 
 
Residential Mortgage, Loans Held For Sale [Member] |
Fair Value, Measurements, Recurring [Member] |
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
1,117 
2,924 
 
Residential Mortgage, Loans Held For Sale [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
0 
0 
 
Residential Mortgage, Loans Held For Sale [Member] |
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
1,114 
2,916 
 
Residential Mortgage, Loans Held For Sale [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]
 
 
 
Loans Held-for-sale, Fair Value Disclosure
3 
8 
 
Trading Account Assets [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3
 
0 
 
Other Trading [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Derivative Assets
1,384 3
2,083 5
 
Derivative Liabilities
525 3
412 5
 
Derivative Financial Instruments, Assets
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Derivative Assets
1,384 
2,083 11
 
Brokered Deposits [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Liabilities
(3)
(15)
2 
Residential Mortgage, Loans Held For Sale [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Assets
$ (2)
$ 12 
$ 15 
Assets and Liabilities Measured at Fair Value on a Recurring Basis (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Derivative Assets
$ 1,384 1
$ 2,083 1
Derivative Liabilities
525 2
412 2
Equity Funds [Member] |
Fair Value, Inputs, Level 1 [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
Investments, Fair Value Disclosure
103 
69 
Federal Reserve Bank Stock [Member] |
Fair Value, Inputs, Level 3 [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
Investments, Fair Value Disclosure
402 
402 
Investment in Federal Home Loan Bank Stock [Member] |
Fair Value, Inputs, Level 3 [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
Investments, Fair Value Disclosure
$ 336 
$ 229 
Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Trading assets
$ 5,040 
$ 6,227 
Loans Held-for-sale, Fair Value Disclosure
1,378 
3,243 
Deposits, Fair Value Disclosure
764 
832 
Loans Receivable, Fair Value Disclosure
302 
379 
Long-term Debt, Fair Value
1,556 
1,622 
Aggregate Fair Value Under Fair Value Option
 
 
Trading assets
1,888 
2,319 
Loans Held-for-sale, Fair Value Disclosure
1,375 
3,237 
Deposits, Fair Value Disclosure
764 
832 
Loans Receivable, Fair Value Disclosure
294 
360 
Long-term Debt, Fair Value
1,556 
1,622 
Aggregate Unpaid Principal Balance Under Fair Value Option
 
 
Trading assets
1,858 
2,285 
Loans Held-for-sale, Fair Value Disclosure
1,359 
3,109 
Deposits, Fair Value Disclosure
761 
825 
Loans Receivable, Fair Value Disclosure
317 
371 
Long-term Debt, Fair Value
1,432 
1,462 
Fair Value Over/(Under) Unpaid Principal
 
 
Trading assets
30 
34 
Loans Held-for-sale, Fair Value Disclosure
16 
128 
Deposits, Fair Value Disclosure
3 
7 
Loans Receivable, Fair Value Disclosure
(23)
(11)
Long-term Debt, Fair Value
124 
160 
Loans Held For Sale [Member] |
Aggregate Fair Value Under Fair Value Option
 
 
Past due loans of 90 days or more
1 
3 
Nonaccrual loans
2 
3 
Loans Held For Sale [Member] |
Aggregate Unpaid Principal Balance Under Fair Value Option
 
 
Past due loans of 90 days or more
2 
5 
Nonaccrual loans
15 
12 
Loans Held For Sale [Member] |
Fair Value Over/(Under) Unpaid Principal
 
 
Past due loans of 90 days or more
(1)
(2)
Nonaccrual loans
(13)
(9)
Loans Held For Investment [Member] |
Aggregate Fair Value Under Fair Value Option
 
 
Past due loans of 90 days or more
 
1 
Nonaccrual loans
8 
18 
Loans Held For Investment [Member] |
Aggregate Unpaid Principal Balance Under Fair Value Option
 
 
Past due loans of 90 days or more
 
3 
Nonaccrual loans
12 
28 
Loans Held For Investment [Member] |
Fair Value Over/(Under) Unpaid Principal
 
 
Past due loans of 90 days or more
 
(2)
Nonaccrual loans
$ (4)
$ (10)
Change in Fair Value of Financial Instruments for which the FVO has been Elected (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Trading Account Assets [Member]
Dec. 31, 2012
Trading Account Assets [Member]
Dec. 31, 2013
Trading Account Assets [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2012
Trading Account Assets [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2013
Trading Account Assets [Member]
Mortgage Production Income [Member]
Dec. 31, 2012
Trading Account Assets [Member]
Mortgage Production Income [Member]
Dec. 31, 2013
Trading Account Assets [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2012
Trading Account Assets [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2013
Loans Held For Sale [Member]
Dec. 31, 2012
Loans Held For Sale [Member]
Dec. 31, 2013
Loans Held For Sale [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2012
Loans Held For Sale [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2013
Loans Held For Sale [Member]
Mortgage Production Income [Member]
Dec. 31, 2012
Loans Held For Sale [Member]
Mortgage Production Income [Member]
Dec. 31, 2013
Loans Held For Sale [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2012
Loans Held For Sale [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2013
Loans Held For Investment [Member]
Dec. 31, 2012
Loans Held For Investment [Member]
Dec. 31, 2013
Loans Held For Investment [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2012
Loans Held For Investment [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2013
Loans Held For Investment [Member]
Mortgage Production Income [Member]
Dec. 31, 2012
Loans Held For Investment [Member]
Mortgage Production Income [Member]
Dec. 31, 2013
Loans Held For Investment [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2012
Loans Held For Investment [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2013
Mortgage Servicing Rights [Member]
Dec. 31, 2012
Mortgage Servicing Rights [Member]
Dec. 31, 2013
Mortgage Servicing Rights [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2012
Mortgage Servicing Rights [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2013
Mortgage Servicing Rights [Member]
Mortgage Production Income [Member]
Dec. 31, 2012
Mortgage Servicing Rights [Member]
Mortgage Production Income [Member]
Dec. 31, 2013
Mortgage Servicing Rights [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2012
Mortgage Servicing Rights [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2013
Brokered Deposits [Member]
Dec. 31, 2012
Brokered Deposits [Member]
Dec. 31, 2013
Brokered Deposits [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2012
Brokered Deposits [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2013
Brokered Deposits [Member]
Mortgage Production Income [Member]
Dec. 31, 2012
Brokered Deposits [Member]
Mortgage Production Income [Member]
Dec. 31, 2013
Brokered Deposits [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2012
Brokered Deposits [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2013
Long-term Debt [Member]
Dec. 31, 2012
Long-term Debt [Member]
Dec. 31, 2013
Long-term Debt [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2012
Long-term Debt [Member]
Trading Account Profits And Commissions [Member]
Dec. 31, 2013
Long-term Debt [Member]
Mortgage Production Income [Member]
Dec. 31, 2012
Long-term Debt [Member]
Mortgage Production Income [Member]
Dec. 31, 2013
Long-term Debt [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2012
Long-term Debt [Member]
Mortgage Servicing Income [Member]
Dec. 31, 2011
Brokered Deposits [Member]
Dec. 31, 2011
Mortgage Servicing Rights [Member]
Dec. 31, 2011
Loans Held For Investment [Member]
Dec. 31, 2011
Loans Held For Sale [Member]
Dec. 31, 2011
Trading Account Assets [Member]
Dec. 31, 2011
Long-term Debt [Member]
Dec. 31, 2011
Mortgage Production Income [Member]
Brokered Deposits [Member]
Dec. 31, 2011
Mortgage Production Income [Member]
Mortgage Servicing Rights [Member]
Dec. 31, 2011
Mortgage Production Income [Member]
Loans Held For Investment [Member]
Dec. 31, 2011
Mortgage Production Income [Member]
Loans Held For Sale [Member]
Dec. 31, 2011
Mortgage Production Income [Member]
Trading Account Assets [Member]
Dec. 31, 2011
Mortgage Production Income [Member]
Long-term Debt [Member]
Dec. 31, 2011
Mortgage Servicing Income [Member]
Brokered Deposits [Member]
Dec. 31, 2011
Mortgage Servicing Income [Member]
Mortgage Servicing Rights [Member]
Dec. 31, 2011
Mortgage Servicing Income [Member]
Loans Held For Investment [Member]
Dec. 31, 2011
Mortgage Servicing Income [Member]
Loans Held For Sale [Member]
Dec. 31, 2011
Mortgage Servicing Income [Member]
Trading Account Assets [Member]
Dec. 31, 2011
Mortgage Servicing Income [Member]
Long-term Debt [Member]
Dec. 31, 2011
Trading Account Profits And Commissions [Member]
Brokered Deposits [Member]
Dec. 31, 2011
Trading Account Profits And Commissions [Member]
Mortgage Servicing Rights [Member]
Dec. 31, 2011
Trading Account Profits And Commissions [Member]
Loans Held For Investment [Member]
Dec. 31, 2011
Trading Account Profits And Commissions [Member]
Loans Held For Sale [Member]
Dec. 31, 2011
Trading Account Profits And Commissions [Member]
Trading Account Assets [Member]
Dec. 31, 2011
Trading Account Profits And Commissions [Member]
Long-term Debt [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)
$ 13 1
$ 8 2
$ 13 
$ 8 
$ 0 
$ 0 
$ 0 
$ 0 
$ (134)1
$ 171 2
$ 1 
$ 10 
$ (135)3
$ 161 4
$ 0 
$ 0 
$ (10)1
$ 21 2
$ 0 
$ 1 
$ (10)3
$ 20 4
$ 0 
$ 0 
$ 54 1
$ (322)2
$ 0 
$ 0 
$ 4 3
$ 31 4
$ 50 
$ (353)
$ 8 1
$ 5 2
$ 8 
$ 5 
$ 0 
$ 0 
$ 0 
$ 0 
$ 36 1
$ (65)2
$ 36 
$ (65)
$ 0 
$ 0 
$ 0 
$ 0 
$ 32 5
$ (726)5
$ 14 5
$ 169 5
$ 21 5
$ (12)5
$ 0 6
$ 7 6
$ 11 6
$ 179 6
$ 0 6
$ 0 6
$ 0 
$ (733)
$ 0 
$ 0 
$ 0 
$ 0 
$ 32 
$ 0 
$ 3 
$ (10)
$ 21 
$ (12)
Change in Fair Value of Financial Instruments for which the FVO has been Elected (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Income recognized upon the sale of loans
$ 1 
$ (3)
Fair Value Measurement and Election - Additional Information (Detail) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Transfer of Loans Held-for-sale to Portfolio Loans
$ 43,000,000 
$ 71,000,000 
$ 63,000,000 
Loans Receivable, Fair Value Disclosure
302,000,000 
379,000,000 
 
Allowance for Loan and Lease Losses, Write-offs
(869,000,000)
(1,907,000,000)
(2,241,000,000)
Loans held for investment sold
807,000,000 
4,800,000,000 
 
Gain (Loss) on Sales of Loans, Net
1,000,000 
(3,000,000)
 
Unfunded loan commitments and letters of credit
48,900,000,000 
42,700,000,000 
 
Allowance for unfunded loan commitments and letters of credit
53,000,000 
49,000,000 
 
Total Return Swap |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Loans Receivable, Fair Value Disclosure
1,500,000,000 
1,900,000,000 
 
Interest Rate Lock Commitments
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3
222,000,000 
882,000,000 
 
Asset-backed Securities [Member] |
Student Loans [Member]
 
 
 
Government guaranteed percent
97.00% 
97.00% 
 
Trading Account Assets [Member] |
Commercial and Corporate Leveraged Loans [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Loans Receivable, Fair Value Disclosure
313,000,000 
357,000,000 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Assets
5,000,000 
3,000,000 
(3,000,000)
Residential Mortgage, Loans Held For Sale [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Assets
(2,000,000)
12,000,000 
15,000,000 
Residential Mortgage, Loans Held For Sale [Member] |
Nonperforming Financing Receivable [Member]
 
 
 
Other than Temporary Impairment Losses, Investments
 
2,000,000 
 
Loans held for investment sold
 
486,000,000 
 
Collateralized Loan Obligations [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Assets
1,000,000 
10,000,000 
(4,000,000)
Brokered Deposits [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Liabilities
(3,000,000)
(15,000,000)
2,000,000 
Long-term Debt [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Fair Value, Option, Credit Risk, Gains (Losses) on Liabilities
(40,000,000)
78,000,000 
57,000,000 
Loans Held For Sale [Member] |
Nonperforming Financing Receivable [Member]
 
 
 
Transfer Of Portfolio Loans And Leases To Held For Sale Net Of Impairment
25,000,000 
700,000,000 
 
Loans Held For Sale [Member] |
Residential Portfolio Segment [Member]
 
 
 
Loans sold at carrying value
63,000,000 
 
 
Gain (Loss) on Sales of Loans, Net
12,000,000 
 
 
Loans Held For Sale [Member] |
Nonperforming Residential Mortgages Transferred To Held For Sale During Period [Member]
 
 
 
Transfer of Loans Held-for-sale to Portfolio Loans
 
7,000,000 
 
Allowance for Loan and Lease Losses, Write-offs
(3,000,000)
(199,000,000)
 
Net Carrying Value of Loans Held For Sale, Portion Remaining in Held For Sale at Period End
 
6,000,000 
 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Loans Receivable, Fair Value Disclosure
0 
0 
 
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Loans Receivable, Fair Value Disclosure
302,000,000 
379,000,000 
 
Collateralized Debt Obligations [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
 
Debt Instrument, Fair Value Disclosure
256,000,000 
 
 
Other Real Estate Owned [Member] |
Fair Value, Measurements, Nonrecurring [Member]
 
 
 
Asset Impairment Charges
10,000,000 
48,000,000 
 
Other Real Estate Owned [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Assets Re-valued Using Pooled Approach, Percentage
11.00% 
 
 
Other real estate owned residential properties [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value Inputs, Discount Rate, Variable Spread
10.00% 
 
 
Other real estate owned residential properties [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value Inputs, Discount Rate, Variable Spread
60.00% 
 
 
Other real estate owned residential properties [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value Inputs, Discount Rate, Variable Spread
29.00% 
 
 
Other Assets [Member] |
Fair Value, Measurements, Nonrecurring [Member]
 
 
 
Asset Impairment Charges
61,000,000 
13,000,000 
 
Other Assets [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Repossessed Personal Property [Member]
 
 
 
Asset Impairment Charges
19,000,000 
2,000,000 
 
Other Assets [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Land [Member]
 
 
 
Asset Impairment Charges
0 
7,000,000 
 
Other Assets [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Property Subject to Operating Lease [Member]
 
 
 
Asset Impairment Charges
31,000,000 
2,000,000 
 
Other Assets [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Private Equity Partnership Investments [Member]
 
 
 
Asset Impairment Charges
11,000,000 
0 
 
Affordable Housing [Member] |
Fair Value, Measurements, Nonrecurring [Member]
 
 
 
Asset Impairment Charges
$ 3,000,000 
$ 96,000,000 
 
Other real estate owned commercial properties [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Minimum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value Inputs, Discount Rate, Variable Spread
5.00% 
 
 
Other real estate owned commercial properties [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Maximum [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value Inputs, Discount Rate, Variable Spread
45.00% 
 
 
Other real estate owned commercial properties [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Weighted Average [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
 
Fair Value Inputs, Discount Rate, Variable Spread
24.00% 
 
 
Fair Value Election and Measurement Level 3 Significant Unobservable Input Assumptions (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
level 3 fair value assumptions [Line Items]
 
 
Trading assets
$ 5,040 
$ 6,227 
Available-for-sale Securities
22,542 
21,953 
Loans Held-for-sale, Fair Value Disclosure
1,378 
3,243 
Loans Receivable, Fair Value Disclosure
302 
379 
Servicing Asset at Fair Value, Amount
1,300 
899 
Other Liabilities, Fair Value Disclosure
29 1 2
31 3 4 5
Fair Value, Measurements, Recurring [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Trading assets
72 
190 
Available-for-sale Securities
953 
914 
Loans Held-for-sale, Fair Value Disclosure
3 
8 
Loans Receivable, Fair Value Disclosure
302 
379 
Servicing Asset at Fair Value, Amount
1,300 
899 
Other Liabilities, Fair Value Disclosure
29 1 2
31 3 4 5
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
8 6
132 6
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
92.00% 
92.00% 
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 7
24 6
Fair Value, Measurements, Recurring [Member] |
Other Liabilities [Member] |
Income Approach Valuation Technique [Member] |
Revenue Run Rate [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Other Liabilities, Fair Value Disclosure
3 7
7 6
Fair Value, Measurements, Recurring [Member] |
Equity Securities |
Cost Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Available-for-sale Securities
739 
633 
Fair Value, Measurements, Recurring [Member] |
Collateralized Debt Obligations [Member] |
Market Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Trading assets
54 
52 
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
42 
33 
Fair Value Inputs, Estimated Collateral Losses
32.00% 
34.00% 
Fair Value Inputs, Market Yield
5.00% 
 
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
54 
45 
Fair Value Inputs, Estimated Collateral Losses
38.00% 
45.00% 
Fair Value Inputs, Market Yield
7.00% 
 
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
48 
40 
Fair Value Inputs, Estimated Collateral Losses
34.00% 
39.00% 
Fair Value Inputs, Market Yield
6.00% 
 
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]
 
 
Trading assets
6 
5 
Available-for-sale Securities
21 
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
55 
45 
Fair Value, Measurements, Recurring [Member] |
Asset-backed Securities [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
55 
45 
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
55 
45 
Fair Value, Measurements, Recurring [Member] |
Other Debt Obligations [Member] |
Market Approach Valuation Technique [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
level 3 fair value assumptions [Line Items]
 
 
Trading assets
 
1 
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
34 
46 
Fair Value, Measurements, Recurring [Member] |
US States and Political Subdivisions Debt 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
80 
72 
Fair Value, Measurements, Recurring [Member] |
US States and Political Subdivisions Debt Securities [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
108 
115 
Fair Value, Measurements, Recurring [Member] |
US States and Political Subdivisions Debt 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
94 
92 
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
154 
209 
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
3 
8 
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
2.50% 
0.00% 
Fair Value Inputs, Conditional Prepayment Rate
2.00% 
5.00% 
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
6.75% 
6.22% 
Fair Value Inputs, Conditional Prepayment Rate
11.00% 
30.00% 
Fair Value Inputs, Probability of Default
4.00% 
20.00% 
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
3.60% 
2.51% 
Fair Value Inputs, Conditional Prepayment Rate
6.00% 
15.00% 
Fair Value Inputs, Probability of Default
1.00% 
3.50% 
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
10 
10 
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
292 
369 
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, Conditional Prepayment Rate
1.00% 
5.00% 
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
6.75% 
6.22% 
Fair Value Inputs, Conditional Prepayment Rate
35.00% 
30.00% 
Fair Value Inputs, Probability of Default
8.00% 
20.00% 
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
3.01% 
2.51% 
Fair Value Inputs, Conditional Prepayment Rate
12.00% 
15.00% 
Fair Value Inputs, Probability of Default
3.00% 
3.50% 
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
$ 1,300 
$ 899 
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, Conditional Prepayment Rate
5.00% 
6.00% 
Fair Value Inputs, Discount Rate
8.00% 
9.00% 
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, Conditional Prepayment Rate
26.00% 
31.00% 
Fair Value Inputs, Discount Rate
28.00% 
28.00% 
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, Conditional Prepayment Rate
9.00% 
16.00% 
Fair Value Inputs, Discount Rate
12.00% 
11.00% 
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
1.00% 
9.00% 
Fair Value Inputs, Msr Value
0.11% 
0.06% 
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
99.00% 
98.00% 
Fair Value Inputs, Msr Value
2.33% 
2.44% 
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
73.00% 
71.00% 
Fair Value Inputs, Msr Value
1.04% 
1.04% 
Fair Value Election and Measurement Level 3 Significant Unobservable Input Assumptions (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
 
 
Other Liabilities, Fair Value Disclosure
$ 29 1 2
$ 31 3 4 5
Not Designated as Hedging Instrument [Member] |
Derivative Financial Instruments, Liabilities [Member] |
Visa Interest [Member] |
Other Liabilities [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
 
 
Other Liabilities, Fair Value Disclosure
$ 3 
 
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
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Loans Held For Sale [Member] |
Residential Mortgage, Loans Held For Sale [Member]
 
 
 
Included in earnings
$ 1 
$ 0 
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
(25)
(11)
 
Settlements
(1)
0 
 
Transfers to other balance sheet line items
(8)
4 
 
Transfers into Level 3
32 
22 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
(4)
(8)
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
3 
8 
1 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
(1)
 
Trading Account Assets [Member]
 
 
 
Included in earnings
 
941 1
 
OCI
 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
 
0 
 
Sales
 
0 
 
Settlements
 
(2)
 
Transfers to other balance sheet line items
 
(882)
 
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
 
190 
133 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
 
9 1 2
 
Trading Account Assets [Member] |
Asset-backed Securities [Member]
 
 
 
Included in earnings
1 1
0 
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
0 
0 
 
Settlements
0 
0 
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
6 
5 
5 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
1 1 3
0 
 
Trading Account Assets [Member] |
Other Debt Obligations [Member]
 
 
 
Included in earnings
0 
0 
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
0 
0 
 
Settlements
(1)
0 
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
0 
1 
1 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
 
Trading Account Assets [Member] |
Collateralized Debt Obligations [Member]
 
 
 
Included in earnings
23 1
11 1
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
(20)
0 
 
Settlements
(1)
(2)
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
54 
52 
43 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
15 1 3
9 1 2
 
Trading Assets [Member]
 
 
 
Included in earnings
122 1
 
 
OCI
0 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
 
 
Sales
(20)
 
 
Settlements
(2)
 
 
Transfers to other balance sheet line items
(222)
 
 
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
68 
190 
 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
16 1 3
 
 
Trading Assets [Member] |
Derivative contracts, net [Member]
 
 
 
Included in earnings
98 1
930 1
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
0 
0 
 
Settlements
0 
0 
 
Transfers to other balance sheet line items
(222)
(882)
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
8 
132 
84 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 1 3
0 1 3
 
Available-for-sale Securities [Member]
 
 
 
Included in earnings
(1)4
(7)4
 
OCI
1 
42 5
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
204 
166 
 
Sales
(6)
0 
 
Settlements
(159)
(328)
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
953 
914 
1,041 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
(1)3 4
(7)2 4
 
Available-for-sale Securities [Member] |
US States and Political Subdivisions Debt Securities [Member]
 
 
 
Included in earnings
0 
0 
 
OCI
2 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
(6)
0 
 
Settlements
(8)
(12)
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
34 
46 
58 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
 
Available-for-sale Securities [Member] |
Asset-backed Securities [Member]
 
 
 
Included in earnings
(1)4
0 
 
OCI
4 
7 5
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
0 
0 
 
Settlements
(3)
(2)
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
21 
21 
16 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
(1)3 4
0 
 
Available-for-sale Securities [Member] |
Other Debt Obligations [Member]
 
 
 
Included in earnings
0 
0 
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
4 
2 
 
Sales
0 
0 
 
Settlements
(4)
(2)
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
5 
5 
5 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
 
Available-for-sale Securities [Member] |
Equity Securities
 
 
 
Included in earnings
0 
0 
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
200 
164 
 
Sales
0 
0 
 
Settlements
(94)
(272)
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
739 
633 
741 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
0 
 
Available-for-sale Securities [Member] |
Mortgage-backed Securities, Issued by Private Enterprises [Member]
 
 
 
Included in earnings
0 
(7)4
 
OCI
(5)
35 5
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
0 
0 
 
Settlements
(50)
(40)
 
Transfers to other balance sheet line items
0 
0 
 
Transfers into Level 3
0 
0 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
154 
209 
221 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
0 
(7)2 4
 
Loans Held For Investment [Member]
 
 
 
Included in earnings
(5)6
7 7
 
OCI
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
0 
0 
 
Sales
0 
0 
 
Settlements
(55)
(49)
 
Transfers to other balance sheet line items
(17)
(15)
 
Transfers into Level 3
0 
4 
 
Transferred Out of Level 3 in The Fair Value Hierarchy
0 
(1)
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
302 
379 
433 
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income
(11)3 6
11 2 7
 
Other Liabilities [Member]
 
 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases
0 
31 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales
0 
0 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements
(6)
325 
 
Transfers to other balance sheet line items
0 
0 
 
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liabilities Transfers Into Level 3
0 
0 
 
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liabilities Transfers Out Of Level 3
0 
0 
 
Change in unrealized gains / (losses) included in earnings for the period related to financial assets still held at the end of period
4 3 8
0 3 8
 
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value
29 
31 
211 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings
4 8
308 8
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)
$ 0 
$ (194)
 
Carrying Value of Those Assets Measured at Fair Value on a Non-Recurring Basis (Detail) (Fair Value, Measurements, Nonrecurring [Member], USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Loans Held For Sale [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
$ 278 
$ 65 
Asset Impairment Charges
(3)
0 
Loans Held For Sale [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Loans Held For Sale [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
278 
65 
Loans Held For Sale [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Loans Held For Investment [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
75 
308 
Asset Impairment Charges
0 
(79)
Loans Held For Investment [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Loans Held For Investment [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Loans Held For Investment [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
75 
308 
Other Real Estate Owned [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
49 
264 
Asset Impairment Charges
(10)
(48)
Other Real Estate Owned [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Other Real Estate Owned [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
1 
205 
Other Real Estate Owned [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
48 
59 
Affordable Housing [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
7 
82 
Asset Impairment Charges
(3)
(96)
Affordable Housing [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Affordable Housing [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Affordable Housing [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
7 
82 
Other Assets [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
171 
65 
Asset Impairment Charges
(61)
(13)
Other Assets [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
0 
0 
Other Assets [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
158 
42 
Other Assets [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
Assets, Fair Value Disclosure
$ 13 
$ 23 
Carrying Amounts and Fair Values of the Company's Financial Instruments (Detail) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Financial assets
 
 
Trading assets
$ 5,040 
$ 6,227 
Available-for-sale Securities
22,542 
21,953 
Loans Held-for-sale, Fair Value Disclosure
1,378 
3,243 
Financial liabilities
 
 
Long-term Debt, Fair Value
1,556 
1,622 
Trading liabilities
1,181 
1,176 
Carrying (Reported) Amount, Fair Value Disclosure
 
 
Financial assets
 
 
Cash and cash equivalents
5,263 
8,257 
Trading assets
5,040 
6,227 
Available-for-sale Securities
22,542 
21,953 
Loans Held-for-sale, Fair Value Disclosure
1,699 
3,399 
Loans Net Fair Value Disclosure
125,833 
119,296 
Financial liabilities
 
 
Consumer and commercial deposits
129,759 
132,316 
Short-term borrowings
8,739 
5,494 
Long-term Debt, Fair Value
10,700 
9,357 
Trading liabilities
1,181 
1,176 
Estimate of Fair Value, Fair Value Disclosure [Member]
 
 
Financial assets
 
 
Cash and cash equivalents
5,263 1
8,257 1
Trading assets
5,040 2
6,227 2
Available-for-sale Securities
22,542 2
21,953 2
Loans Held-for-sale, Fair Value Disclosure
1,700 3
3,399 3
Loans Net Fair Value Disclosure
121,341 4
115,690 4
Financial liabilities
 
 
Consumer and commercial deposits
129,801 5
132,613 5
Short-term borrowings
8,739 6
5,494 6
Long-term Debt, Fair Value
10,678 6
9,413 6
Trading liabilities
1,181 2
1,176 2
Estimate of Fair Value, Fair Value Disclosure [Member] |
Fair Value, Inputs, Level 1 [Member]
 
 
Financial assets
 
 
Cash and cash equivalents
5,263 1
8,257 1
Trading assets
1,156 2
696 2
Available-for-sale Securities
1,396 2
291 2
Loans Held-for-sale, Fair Value Disclosure
0 
0 
Loans Net Fair Value Disclosure
0 
0 
Financial liabilities
 
 
Consumer and commercial deposits
0 
0 
Short-term borrowings
0 
0 
Long-term Debt, Fair Value
0 
0 
Trading liabilities
979 2
891 2
Estimate of Fair Value, Fair Value Disclosure [Member] |
Fair Value, Inputs, Level 2 [Member]
 
 
Financial assets
 
 
Cash and cash equivalents
0 
0 
Trading assets
3,812 2
5,341 2
Available-for-sale Securities
20,193 2
20,748 2
Loans Held-for-sale, Fair Value Disclosure
1,666 3
3,375 3
Loans Net Fair Value Disclosure
2,860 4
4,041 4
Financial liabilities
 
 
Consumer and commercial deposits
129,801 5
132,613 5
Short-term borrowings
8,739 6
5,494 6
Long-term Debt, Fair Value
10,086 6
8,829 6
Trading liabilities
198 2
285 2
Estimate of Fair Value, Fair Value Disclosure [Member] |
Fair Value, Inputs, Level 3 [Member]
 
 
Financial assets
 
 
Cash and cash equivalents
0 
0 
Trading assets
72 2
190 2
Available-for-sale Securities
953 2
914 2
Loans Held-for-sale, Fair Value Disclosure
34 3
24 3
Loans Net Fair Value Disclosure
118,481 4
111,649 4
Financial liabilities
 
 
Consumer and commercial deposits
0 
0 
Short-term borrowings
0 
0 
Long-term Debt, Fair Value
592 6
584 6
Trading liabilities
$ 4 
$ 0 
[4] 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 for certain loan types, nonexistent, requires significant judgment. Therefore, the estimated fair value can vary significantly depending on a market participant’s ultimate considerations and assumptions. The final value yields a market participant’s expected return on investment that is indicative of the current market conditions, but it does not take into consideration the Company’s estimated value from continuing to hold these loans or its lack of willingness to transact at these estimated values.The Company generally estimated fair value for LHFI based on estimated future cash flows discounted, initially, at current origination rates for loans with similar terms and credit quality, which derived an estimated value of 99% and 101% on the loan portfolio’s net carrying value at December 31, 2013 and 2012, respectively. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was subtracted from the initial value at December 31, 2013 and 2012. 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. Loan prepayments are used to adjust future cash flows based on historical experience and prepayment model forecasts. The value of related accrued interest on loans approximates fair value; however, it is not included in the carrying amount or fair value of loans. The value of long-term customer relationships is not permitted under current U.S. GAAP to be included in the estimated fair value
[5] 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 measurement 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. For valuation of brokered time deposits that the Company carries at fair value as well as those that are carried at amortized cost, refer to the respective valuation section within this footnote.
Carrying Amounts and Fair Values of the Company's Financial Instruments (Parenthetical) (Detail)
Dec. 31, 2013
Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
 
 
Estimated Fair Value of Loan Portfolio's Net Carrying Value, Percentage
99.00% 
101.00% 
Contingencies - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Minimum [Member]
Dec. 31, 2013
Maximum [Member]
Aug. 19, 2011
United Guaranty [Member]
Dec. 31, 2013
Cash payment for litigation [Member]
Potential Mortgage Servicing Settlement and Claims [Member]
Dec. 31, 2013
Civil money penalty [Member]
Consent Order Foreclosure Actions [Member]
Dec. 31, 2013
Consumer relief obligation [Member]
Potential Mortgage Servicing Settlement and Claims [Member]
Aggregate range of reasonably possible losses on legal matters in excess of the accrued liability
$ 0 
$ 300 
 
 
 
 
Loss Contingency, Damages Awarded, Value
 
 
 
468 
160 
500 
Contingent Receipt, Judgement Award for Damages
 
 
34 
 
 
 
Contingent Receipt, Judgement Interest Award
 
 
6 
 
 
 
Contingent Receipt, Judgement Award for Claims Fees
 
 
5 
 
 
 
Contingent Receipt, Total Judgment Award
 
 
$ 45 
 
 
 
Business Segment Reporting (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Average total assets
$ 172,497 
$ 176,134 
$ 172,440 
Average total liabilities
151,330 
155,639 
151,744 
Average total equity
21,167 
20,495 
20,696 
Net, interest income
4,853 
5,102 
5,065 
FTE adjustment
127 
123 
114 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
4,980 
5,225 1
5,179 1
Provision for Loan, Lease, and Other Losses
553 
1,395 2
1,513 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
4,427 
3,830 
3,666 
Total noninterest income
3,214 
5,373 
3,421 
Noninterest Expense
5,880 
6,323 
6,234 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
1,761 
2,880 
853 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
400 
896 3
193 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,361 
1,984 
660 
Net Income (Loss) Attributable to Noncontrolling Interest
17 
26 
13 
Net Income (Loss) Attributable to Parent
1,344 
1,958 
647 
Consumer Banking and Private Wealth Management [Member]
 
 
 
Average total assets
45,487 
47,024 
45,221 
Average total liabilities
84,977 
84,677 
85,335 
Average total equity
0 
0 
0 
Net, interest income
2,601 
2,723 
2,729 
FTE adjustment
1 
0 
0 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
2,602 
2,723 1
2,729 1
Provision for Loan, Lease, and Other Losses
362 
645 2
789 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
2,240 
2,078 
1,940 
Total noninterest income
1,480 
1,500 
1,678 
Noninterest Expense
2,797 
3,088 
3,066 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
923 
490 
552 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
340 
180 3
202 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
583 
310 
350 
Net Income (Loss) Attributable to Noncontrolling Interest
0 
0 
0 
Net Income (Loss) Attributable to Parent
583 
310 
350 
Wholesale Banking [Member]
 
 
 
Average total assets
66,618 
63,782 
61,323 
Average total liabilities
47,310 
46,935 
47,181 
Average total equity
0 
0 
0 
Net, interest income
1,605 
1,538 
1,385 
FTE adjustment
124 
119 
107 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
1,729 
1,657 1
1,492 1
Provision for Loan, Lease, and Other Losses
79 
266 2
559 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
1,650 
1,391 
933 
Total noninterest income
1,290 
1,413 
1,231 
Noninterest Expense
1,638 
1,810 
1,874 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
1,302 
994 
290 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
395 
280 3
17 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
907 
714 
273 
Net Income (Loss) Attributable to Noncontrolling Interest
7 
16 
3 
Net Income (Loss) Attributable to Parent
900 
698 
270 
Mortgage Banking
 
 
 
Average total assets
32,708 
35,153 
33,719 
Average total liabilities
3,845 
4,484 
3,838 
Average total equity
0 
0 
0 
Net, interest income
539 
512 
471 
FTE adjustment
0 
0 
0 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
539 
512 1
471 1
Provision for Loan, Lease, and Other Losses
238 
770 2
693 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
301 
(258)
(222)
Total noninterest income
402 
502 
241 
Noninterest Expense
1,503 
1,369 
1,190 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
(800)
(1,125)
(1,171)
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
(232)
(429)3
(454)3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
(568)
(696)
(717)
Net Income (Loss) Attributable to Noncontrolling Interest
0 
0 
0 
Net Income (Loss) Attributable to Parent
(568)
(696)
(717)
Corporate Other
 
 
 
Average total assets
26,033 
27,830 
30,876 
Average total liabilities
15,293 
19,706 
15,598 
Average total equity
0 
0 
0 
Net, interest income
306 
389 
498 
FTE adjustment
3 
4 
6 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
309 
393 1
504 1
Provision for Loan, Lease, and Other Losses
0 
0 2
0 2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
309 
393 
504 
Total noninterest income
56 
1,969 
297 
Noninterest Expense
(46)
68 
133 
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
411 
2,294 
668 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
(83)
767 3
227 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
494 
1,527 
441 
Net Income (Loss) Attributable to Noncontrolling Interest
9 
10 
9 
Net Income (Loss) Attributable to Parent
485 
1,517 
432 
Reconciling Items
 
 
 
Average total assets
1,651 
2,345 
1,301 
Average total liabilities
(95)
(163)
(208)
Average total equity
21,167 
20,495 
20,696 
Net, interest income
(198)
(60)
(18)
FTE adjustment
(1)
0 
1 
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment
(199)
(60)1
(17)1
Provision for Loan, Lease, and Other Losses
(126)
(286)2
(528)2
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment
(73)
226 
511 
Total noninterest income
(14)
(11)
(26)
Noninterest Expense
(12)
(12)
(29)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
(75)
227 
514 
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal
(20)
98 3
201 3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
(55)
129 
313 
Net Income (Loss) Attributable to Noncontrolling Interest
1 
0 
1 
Net Income (Loss) Attributable to Parent
$ (56)
$ 129 
$ 312 
Accumulated Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
 
 
 
Accumulated Other Comprehensive Income (Loss), before Tax, beginning balance
$ (506)
$ (2,744)
$ (2,531)
Unrealized net gain on securities
(944)
198 
653 
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, before Tax
(2)
(2,279)1
(117)1
Unrealized net gain on derivatives
16 
81 
684 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax
(417)
(143)
(625)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
399 
(95)
(382)
Accumulated Other Comprehensive Income (Loss), before Tax, ending balance
442 
(506)
(2,744)
Accumulated Other Comprehensive Income Loss Tax [Abstract]
 
 
 
AOCI, beginning balance
(197)
(995)
(915)
Unrealized net gain on securities
348 
(72)
(242)
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax
1 
810 1
43 1
Unrealized net gain on derivatives
(6)
(28)
(253)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax
154 
53 
231 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax
(147)
35 
141 
AOCI, ending balance
153 
(197)
(995)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
 
 
 
AOCI, beginning balance
309 
1,749 
1,616 
Unrealized net gain on securities
(596)
126 
411 
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax
(1)
(1,469)1
(74)1
Unrealized net gain on derivatives
10 
53 
431 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax
(263)
(90)
(394)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax
252 
(60)
(241)
AOCI, ending balance
$ (289)
$ 309 
$ 1,749 
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
Gain (Loss) on Contract Termination
$ 305 
Accumulated Other Comprehensive Income Reclassifications out of AOCI (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, before Tax
$ (2)
$ (2,279)1
$ (117)1
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax
1 
810 1
43 1
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax
(1)
(1,469)1
(74)1
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax
(417)
(143)
(625)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax
154 
53 
231 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax
(263)
(90)
(394)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
399 
(95)
(382)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax
(147)
35 
141 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax
252 
(60)
(241)
Other Assets And Liabilities, Net [Member]
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
373 2
(122)2
(318)2
Net securities gains [Member]
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, before Tax
(2)
(2,279)
(117)
provision for income taxes [Member]
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax
1 
810 
43 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax
154 
53 
231 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax
(147)
35 
141 
Interest Income, Interest and Fees on Loans
 
 
 
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax
(417)
(143)
(625)
employee benefits [Member]
 
 
 
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax
$ 26 
$ 27 
$ (64)
Statements of Income/(Loss) - Parent Company Only (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Trading Gain (Loss)
$ 182 
$ 211 
$ 248 
Interest Expense, Long-term Debt
210 
299 
449 
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest
1,634 
2,757 
739 
Income Tax Expense (Benefit)
(273)
(773)
(79)
Net Income (Loss) Attributable to Parent
1,344 
1,958 
647 
Dividends, Preferred Stock, Cash
(37)1
(12)
(7)
United States Treasury Preferred Dividends
0 
0 
(66)
Accelerated Accretion On US Treasury Preferred Stock
0 
0 
74 
Undistributed Earnings Allocated to Participating Securities
(10)
(15)
(5)
Net Income (Loss) Available to Common Stockholders, Basic
1,297 
1,931 
495 
Parent Company [Member]
 
 
 
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries
1,200 2
27 2
29 2
Interest and Fee Income, Other Loans
10 
36 
11 
Trading Gain (Loss)
16 
18 
53 
Other Income
7 
23 
132 
Revenues
1,233 
104 
225 
Interest Expense, Short-term Borrowings
12 
13 
9 
Interest Expense, Long-term Debt
96 
177 
226 
Labor and Related Expense
24 3
111 3
(7)3
Fees and Commision Expenses
3 
3 
11 
Other Expenses
(113)4
43 
133 
Operating Expenses
22 
347 
372 
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest
1,211 
(243)
(147)
Income Tax Expense (Benefit)
8 
91 
49 
Income (Loss) Before Equity in Undistributed Earnings of Subsidiaries
1,219 
(152)
(98)
Equity in Undistributed Earnings of Subsidiaries
125 
2,110 
745 
Net Income (Loss) Attributable to Parent
1,344 
1,958 
647 
Dividends, Preferred Stock, Cash
(37)
(12)
(7)
United States Treasury Preferred Dividends
0 
0 
(66)
Accelerated Accretion On US Treasury Preferred Stock
0 
0 
74 
Undistributed Earnings Allocated to Participating Securities
(10)
(15)
(5)
Net Income (Loss) Available to Common Stockholders, Basic
$ 1,297 
$ 1,931 
$ 495 
Balance Sheets - Parent Company Only (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Assets [Abstract]
 
 
 
 
Cash and Due from Banks
$ 4,258 
$ 7,134 
 
 
Interest-bearing Deposits in Banks and Other Financial Institutions
22 
22 
 
 
Cash and Cash Equivalents, at Carrying Value
5,263 
8,257 
4,509 
5,378 
Trading assets
5,040 
6,227 
 
 
Available-for-sale Securities
22,542 
21,953 
 
 
Goodwill
6,369 
6,369 
6,344 
 
Other Assets
5,520 
5,157 
 
 
Assets
175,335 
173,442 
 
 
Liabilities and Shareholders' Equity
 
 
 
 
Long-term Debt
10,700 1
9,357 1
 
 
Other Liabilities
3,534 
4,114 
 
 
Liabilities
153,913 
152,457 
 
 
Preferred Stock, Value, Outstanding
725 
725 
 
 
Common Stock, Value, Outstanding
550 
550 
 
 
Retained Earnings (Accumulated Deficit)
11,936 
10,817 
 
 
Treasury Stock, Value
615 2
590 2
 
 
Accumulated Other Comprehensive Income (Loss), Net of Tax
(289)
309 
1,749 
1,616 
Liabilities and Equity
175,335 
173,442 
 
 
Parent Company [Member]
 
 
 
 
Assets [Abstract]
 
 
 
 
Cash and Due from Banks
238 
137 
 
 
Cash and Cash Equivalents, at Carrying Value
3,014 
761 
1,641 
2,877 
Trading assets
92 
103 
 
 
Available-for-sale Securities
316 
279 
 
 
Due from Affiliates
1,311 
2,733 
 
 
Goodwill
99 
99 
 
 
Other Assets
534 
561 
 
 
Assets
28,603 
28,425 
 
 
Liabilities and Shareholders' Equity
 
 
 
 
Long-term Debt
4,111 
3,249 
 
 
Other Liabilities
819 
1,108 
 
 
Liabilities
7,300 
7,554 
 
 
Preferred Stock, Value, Outstanding
725 
725 
 
 
Common Stock, Value, Outstanding
550 
550 
 
 
Additional Paid in Capital, Common Stock
9,115 
9,174 
 
 
Retained Earnings (Accumulated Deficit)
11,936 
10,817 
 
 
Treasury Stock, Value
734 3
704 3
 
 
Accumulated Other Comprehensive Income (Loss), Net of Tax
(289)
309 
 
 
Stockholders' Equity Attributable to Parent
21,303 
20,871 
 
 
Liabilities and Equity
28,603 
28,425 
 
 
Parent Company [Member] |
Unaffiliated Entity - Other banking institutions [Member]
 
 
 
 
Assets [Abstract]
 
 
 
 
Interest-bearing Deposits in Banks and Other Financial Institutions
20 
20 
 
 
Parent Company [Member] |
non-affiliated entity [Member]
 
 
 
 
Liabilities and Shareholders' Equity
 
 
 
 
Short-term Debt
1,554 
1,512 
 
 
Long-term Debt
4,111 
3,249 
 
 
Parent Company [Member] |
Bank Subsidiaries [Member]
 
 
 
 
Assets [Abstract]
 
 
 
 
Interest-bearing Deposits in Banks and Other Financial Institutions
2,756 
604 
 
 
Investments in and Advances to Affiliates, Amount of Equity
21,772 
22,521 
 
 
Parent Company [Member] |
Nonbank Subsidiaries [Member]
 
 
 
 
Assets [Abstract]
 
 
 
 
Investments in and Advances to Affiliates, Amount of Equity
1,465 
1,368 
 
 
Parent Company [Member] |
Subsidiaries [Member]
 
 
 
 
Liabilities and Shareholders' Equity
 
 
 
 
Short-term Debt
656 
1,525 
 
 
Long-term Debt
$ 160 
$ 160 
 
 
Balance Sheet - Parent Company Only (parenthetical) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Treasury Stock, Value
$ 615 1
$ 590 1
 
Treasury Stock and Other
 
 
 
Treasury Stock, Value
684 
656 
851 
Deferred Compensation Equity
$ 50 
$ 48 
$ 48 
Statements of Cash Flow - Parent Company Only (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net Income (Loss) Attributable to Parent
$ 1,344 
$ 1,958 
$ 647 
Adjustments to reconcile net income/(loss) to net cash used in by operating activities:
 
 
 
Deferred Income Tax Expense (Benefit)
495 
194 
83 
Net gain on sale of assets
(267)
(1,063)
(390)
Net (increase)/decrease in other assets
235 
974 
(604)
Cash Flows from Investing Activities:
 
 
 
Proceeds from sales of securities available for sale
2,063 
4,300 
12,557 
Purchases of securities available for sale
(9,215)
(5,814)
(18,872)
Net cash (used in)/provided by investing activities
(8,941)
4,743 
(10,242)
Cash Flows from Financing Activities:
 
 
 
Proceeds from Issuance of Preferred Stock and Preference Stock
0 
438 
103 
Payments for Repurchase of Warrants
0 
0 
(11)
Net cash provided by/(used in) financing activities
1,739 
(3,005)
4,834 
Supplemental Disclosures:
 
 
 
Income Taxes Paid
168 
607 
68 
Accretion of discount for preferred stock issued to the U.S. Treasury
0 
0 
80 
Depreciation, Amortization and Accretion, Net
708 
757 
760 
Stock Option Compensation And Amortization Of Restricted Stock Compensation
34 
35 
44 
Gains (Losses) on Extinguishment of Debt
0 
16 
(3)
Gain (Loss) on Sale of Securities, Net
(2)1
(1,974)1
(117)1
Increase (Decrease) in Other Operating Liabilities
(827)
(1,026)
18 
Net Cash Provided by (Used in) Operating Activities
4,208 
2,010 
4,539 
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities
5,522 
7,371 
5,557 
Proceeds from maturities, calls, and paydowns of trading securities
2 
3 
139 
Proceeds from Sale of Other Investments
8 
0 
102 
Proceeds from Issuance of Long-term Debt
1,564 
4,000 
1,749 
Repayments of Long-term Debt
(155)
(5,772)
(4,571)
Proceeds from the issuance of common stock
0 
0 
1,017 
Payments for Repurchase of Preferred Stock and Preference Stock
0 
0 
(4,850)
Payments for Repurchase of Common Stock
(150)
0 
0 
Net (decrease)/increase in cash and cash equivalents
(2,994)
3,748 
(869)
Cash and Cash Equivalents, at Carrying Value
5,263 
8,257 
4,509 
Interest Paid
533 
774 
1,138 
Parent Company [Member]
 
 
 
Net Income (Loss) Attributable to Parent
1,344 
1,958 
647 
Adjustments to reconcile net income/(loss) to net cash used in by operating activities:
 
 
 
Deferred Income Tax Expense (Benefit)
74 
18 
(56)
Contributions to retirement plans
(8)
(26)
(8)
Net (increase)/decrease in other assets
50 
(190)
(192)
Cash Flows from Investing Activities:
 
 
 
Proceeds from sales of securities available for sale
57 
47 
6,700 
Purchases of securities available for sale
(25)
(68)
(2,374)
Capital contributions to subsidiaries
0 
(150)
(250)
Net cash (used in)/provided by investing activities
1,518 
836 
1,164 
Cash Flows from Financing Activities:
 
 
 
Proceeds from Issuance of Preferred Stock and Preference Stock
0 
438 
103 
Payments for Repurchase of Warrants
0 
0 
(11)
Net cash provided by/(used in) financing activities
(306)
(1,778)
(2,142)
Supplemental Disclosures:
 
 
 
Income taxes (paid to)/received from subsidiaries
(195)
621 
(2)
Income Taxes Paid
55 
(605)
(66)
Income taxes received/(paid) by Parent Company
(140)
16 
(68)
Accretion of discount for preferred stock issued to the U.S. Treasury
0 
0 
80 
Equity in Undistributed Earnings of Subsidiaries
(125)
(2,110)
(745)
Depreciation, Amortization and Accretion, Net
5 
10 
17 
Excess Tax Benefit from Share-based Compensation, Operating Activities
(4)
(11)
0 
Stock Option Compensation And Amortization Of Restricted Stock Compensation
34 
35 
44 
Gains (Losses) on Extinguishment of Debt
0 
15 
(3)
Gain (Loss) on Sale of Securities, Net
(2)
(6)
(92)
Increase (Decrease) in Other Operating Liabilities
(327)
369 
130 
Net Cash Provided by (Used in) Operating Activities
1,041 
62 
(258)
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities
55 
65 
61 
Proceeds from maturities, calls, and paydowns of trading securities
1 
2 
137 
Proceeds from Sale of Other Investments
8 
0 
75 
Payments for (Proceeds from) Loans Receivable
1,422 
940 
(3,185)
Proceeds from (Repayments of) Short-term Debt
(827)
935 
463 
Proceeds from Issuance of Long-term Debt
888 
15 
1,749 
Repayments of Long-term Debt
(9)
(3,073)
(482)
Proceeds from the issuance of common stock
0 
0 
1,017 
Payments for Repurchase of Preferred Stock and Preference Stock
0 
0 
(4,850)
Payments for Repurchase of Common Stock
(150)
0 
0 
Proceeds from Stock Options Exercised
17 
26 
0 
Payments of Dividends
(225)
(119)
(131)
Net (decrease)/increase in cash and cash equivalents
2,253 
(880)
(1,236)
Cash and Cash Equivalents, at Carrying Value
3,014 
761 
1,641 
Interest Paid
$ 112 
$ 189 
$ 246