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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Trading Symbol	COF
Entity Registrant Name	CAPITAL ONE FINANCIAL CORP
Entity Central Index Key	0000927628
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		542,428,939

CONSOLIDATED STATEMENTS OF INCOME(UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Loans, including loans held for sale	$ 4,531	$ 4,279	$ 9,071	$ 8,586
Investment securities	382	409	788	825
Other	24	24	52	54
Total interest income	4,937	4,712	9,911	9,465
Interest expense:
Deposits	272	272	543	548
Securitized debt obligations	36	39	69	77
Senior and subordinated notes	80	78	159	155
Other borrowings	12	8	27	20
Total interest expense	400	397	798	800
Net interest income	4,537	4,315	9,113	8,665
Provision for Loan, lease and Other losses	1,129	704	2,064	1,439
Net interest income after provision for credit losses	3,408	3,611	7,049	7,226
Non-interest income:
Service charges and other customer-related fees	429	460	866	934
Interchange fees, net	567	535	1,063	975
Total other-than-temporary impairment	(12)	(3)	(21)	(6)
Less: Portion of other-than-temporary impairment recorded in AOCI	5	2	(1)	0
Net other-than-temporary impairment recognized in earnings	(7)	(1)	(22)	(6)
Other	146	159	299	270
Total non-interest income	1,135	1,153	2,206	2,173
Non-interest expense:
Salaries and associate benefits	1,360	1,125	2,571	2,286
Occupancy and equipment	439	447	874	852
Marketing	387	335	762	660
Professional services	334	296	630	583
Communications and data processing	208	203	410	399
Amortization of intangibles	111	136	221	279
Other	468	437	888	852
Total non-interest expense	3,307	2,979	6,356	5,911
Income from continuing operations before income taxes	1,236	1,785	2,899	3,488
Income tax provision	384	581	913	1,160
Income from continuing operations, net of tax	852	1,204	1,986	2,328
Income from discontinued operations, net of tax	11	(10)	30	20
Net income	863	1,194	2,016	2,348
Dividends and undistributed earnings allocated to participating securities	(4)	(4)	(10)	(9)
Preferred stock dividends	(29)	(13)	(61)	(26)
Net income available to common stockholders	$ 830	$ 1,177	$ 1,945	$ 2,313
Basic earnings per common share:
Net income from continuing operations (in dollars per share)	$ 1.50	$ 2.09	$ 3.49	$ 4.03
Income (loss) from discontinued operations (in dollars per share)	0.02	(0.02)	0.06	0.03
Net income per basic common share (in dollars per share)	1.52	2.07	3.55	4.06
Diluted earnings per common share:
Net income from continuing operations (in dollars per share)	1.48	2.06	3.45	3.97
Income (loss) from discontinued operations (in dollars per share)	0.02	(0.02)	0.06	0.03
Net income per diluted common share (in dollars per share)	1.50	2.04	3.51	4.00
Dividends paid per common share (in dollars per share)	$ 0.40	$ 0.30	$ 0.70	$ 0.60

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 863	$ 1,194	$ 2,016	$ 2,348
Other comprehensive (loss) income before taxes:
Net unrealized (losses) gains on securities available for sale	(259)	269	(69)	498
Net changes in securities held to maturity	40	33	73	61
Net unrealized (losses) gains on cash flow hedges	(129)	114	129	144
Foreign currency translation adjustments	(21)	79	(62)	66
Other	0	(3)	(4)	(4)
Other comprehensive income before taxes	(369)	492	67	765
Income tax provision related to other comprehensive income	(184)	153	34	264
Other comprehensive (loss) income, net of tax	(185)	339	33	501
Comprehensive income	$ 678	$ 1,533	$ 2,049	$ 2,849

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Cash and cash equivalents:
Cash and due from banks	$ 2,879	$ 3,147
Interest-bearing deposits with banks	4,275	4,095
Federal Funds Sold and Securities Purchased under Agreements to Resell	2	0
Total cash and cash equivalents	7,156	7,242
Restricted cash for securitization investors	253	234
Securities available for sale, at fair value	39,136	39,508
Securities held to maturity, at carrying value	23,668	22,500
Loans held for investment:
Total loans held for investment	209,705	208,316
Allowance for Loan and Lease losses	(4,676)	(4,383)
Net loans held for investment	205,029	203,933
Loans held for sale, at lower of cost or fair value	1,066	626
Premises and equipment, net	3,602	3,685
Interest receivable	1,056	1,079
Goodwill	13,984	13,978
Other assets	15,560	15,382
Total assets	310,510	308,167
Liabilities:
Interest payable	262	254
Deposits:
Non-interest bearing deposits	25,123	25,081
Interest-bearing deposits	183,657	180,467
Total deposits	208,780	205,548
Securitized debt obligations	13,785	11,624
Other debt:
Federal funds purchased and securities loaned or sold under agreements to repurchase	1,888	880
Senior and subordinated notes	19,987	18,684
Other borrowings	10,106	17,269
Total other debt	31,981	36,833
Other liabilities	9,043	8,855
Total liabilities	263,851	263,114
Commitments and Contingencies and Guarantees (See Note 14)
Stockholders’ equity:
Preferred stock (par value $.01 per share; 50,000,000 shares authorized; 2,875,000 and 1,875,000 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively)	0	0
Common stock (par value $.01 per share; 1,000,000,000 shares authorized; 647,262,316 and 643,557,048 shares issued as of June 30, 2015 and December 31, 2014, respectively, and 542,460,867 and 553,391,311 shares outstanding as of June 30, 2015 and December 31, 2014, respectively)	6	6
Additional paid-in capital, net	29,063	27,869
Retained earnings	25,540	23,973
Accumulated other comprehensive loss	(397)	(430)
Treasury stock at cost (par value $.01 per share; 104,801,449 and 90,165,737 shares as of June 30, 2015 and December 31, 2014, respectively)	(7,553)	(6,365)
Total stockholders’ equity	46,659	45,053
Total liabilities and stockholders’ equity	310,510	308,167
Unsecuritized loans held for investment
Loans held for investment:
Total loans held for investment	175,407	171,771
Restricted loans for securitization investors
Loans held for investment:
Total loans held for investment	$ 34,298	$ 36,545

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	2,875,000	1,875,000
Preferred stock, shares outstanding	2,875,000	1,875,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	647,262,316	643,557,048
Common stock, shares outstanding	542,460,867	553,391,311
Treasury stock, at cost; shares	104,801,449	90,165,737

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total	Series C Preferred Stock	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 1,822	$ 484
Beginning balance at Dec. 31, 2014	45,053		$ 0	$ 6	$ 27,869	$ 23,973	$ (430)	$ (6,365)
Beginning balance (shares) at Dec. 31, 2014			1,875,000	643,557,048
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	2,049					2,016	33
Common Stock Dividends, Shares				35,028
Dividends, Common Stock	(385)			$ 0	(3)	(388)
Cash dividends - preferred series	(61)					(61)
Purchases of treasury stock	(1,188)							(1,188)
Issuances of common stock and restricted stock, net of forfeitures				1,847,636
Issuances of common stock and restricted stock, net of forfeitures	53			$ 0	53
Exercise of stock options and warrants, tax effects of exercises and restricted stock vesting				1,822,604
Exercise of stock options and warrants, tax effects of exercises and restricted stock vesting	56			$ 0	56
Stock Issued During Period, Shares, New Issues			1,000,000
Stock Issued During Period, Value, New Issues	988		$ 0		988
Compensation expense for restricted stock awards and stock options	94				94
Ending balance at Jun. 30, 2015	46,659		$ 0	$ 6	$ 29,063	$ 25,540	$ (397)	$ (7,553)
Ending balance (shares) at Jun. 30, 2015			2,875,000	647,262,316
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 2,810	$ 484

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cash dividends-common stock (in dollars per share)	$ 0.40	$ 0.30	$ 0.70	$ 0.60
Series B Preferred Stock
Non-cumulative Fixed Dividend Rate per Annum (as percent)			6.00%
Series C Preferred Stock
Non-cumulative Fixed Dividend Rate per Annum (as percent)			6.25%

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Income from continuing operations, net of tax	$ 1,986	$ 2,328
Income from discontinued operations, net of tax	30	20
Net income	2,016	2,348
Adjustments to reconcile net income to cash provided by operating activities:
Provision for Loan, lease and Other losses	2,064	1,439
Depreciation and amortization, net	1,012	1,017
Net gain on sales of securities available for sale	(1)	(12)
Impairment losses on securities available for sale	22	6
Gain on sales of loans held for sale	(39)	(20)
Stock plan compensation expense	124	137
Loans held for sale:
Originations and purchases	(3,784)	(1,920)
Proceeds from sales and paydowns	3,562	1,449
Changes in operating assets and liabilities:
Decrease in interest receivable	26	38
(Increase) decrease in other assets	(707)	1,148
Increase in interest payable	8	2
Decrease in other liabilities	(20)	(682)
Net cash provided (used) by discontinued operations	65	(30)
Net cash provided by operating activities	4,348	4,920
Securities available for sale:
Purchases	(6,035)	(5,767)
Proceeds from paydowns and maturities	3,963	3,386
Proceeds from sales	2,313	3,559
Securities held to maturity:
Purchases	(2,233)	(2,140)
Proceeds from paydowns and maturities	1,067	590
Loans:
Net increase in loans held for investment	(3,783)	(4,047)
Principal recoveries of loans previously charged off	783	802
Purchases of premises and equipment	(229)	(250)
Net cash used by other investing activities	(317)	0
Net cash used by investing activities	(4,471)	(3,867)
Financing activities:
(Decrease) increase in restricted cash for securitization investors	(19)	513
Net increase in deposits	3,228	1,363
Issuance of securitized debt obligations	2,319	2,446
Maturities and paydowns of securitized debt obligations	(175)	(2,791)
Issuance of senior and subordinated notes and long-term FHLB advances	13,042	4,731
Repayments of Unsecured Debt and Long Term FHLB Advances	(2,641)	(1,374)
Net decrease in other short-term borrowings	(15,192)	(4,755)
Common stock:
Net proceeds from issuances	53	51
Dividends paid	(385)	(344)
Preferred stock:
Proceeds from Issuance of Preferred Stock and Preference Stock	988	484
Dividends paid	(61)	(26)
Purchases of treasury stock	(1,188)	(980)
Proceeds from share-based payment activities	68	70
Net cash provided (used) by financing activities	37	(612)
Increase (decrease) in cash and cash equivalents	(86)	441
Cash and cash equivalents at beginning of the period	7,242	6,291
Cash and cash equivalents at end of the period	7,156	6,732
Non-cash items:
Net transfers from loans held for investment to loans held for sale	229	22
Interest paid	853	798
Income tax paid	$ 715	$ 884

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Capital One Financial Corporation, a Delaware Corporation established in 1994 and headquartered in McLean, Virginia, is a diversified financial services holding company with banking and non-banking subsidiaries. Capital One Financial Corporation and its subsidiaries (the “Company”) offer a broad array of financial products and services to consumers, small businesses and commercial clients through branches, the internet and other distribution channels. As of June 30, 2015, our principal subsidiaries included:


•	Capital One Bank (USA), National Association (“COBNA”), which offers credit and debit card products, other lending products and deposit products; and


•	Capital One, National Association (“CONA”), which offers a broad spectrum of banking products and financial services to consumers, small businesses and commercial clients.

The Company and its subsidiaries are hereafter collectively referred to as “we,” “us” or “our.” COBNA and CONA are collectively referred to as the “Banks.”

We also offer products outside of the United States of America (“U.S.”) principally through Capital One (Europe) plc (“COEP”), an indirect subsidiary of COBNA organized and located in the United Kingdom (“U.K.”), and through a branch of COBNA in Canada. COEP has authority, among other things, to provide credit card loans. Our branch of COBNA in Canada also has the authority to provide credit card loans.

Our principal operations are currently organized for management reporting purposes into three major business segments, which are defined based on the products and services provided or the type of customer served: Credit Card, Consumer Banking and Commercial Banking. We provide details on our business segments, the integration of recent acquisitions into our business segments, and the allocation methodologies and accounting policies used to derive our business segment results in “Note 13—Business Segments.”

Basis of Presentation and Use of Estimates

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates. Certain prior period amounts have been reclassified to conform to the current period presentation.

Principles of Consolidation

The consolidated financial statements include the accounts of Capital One Financial Corporation and all other entities in which we have a controlling financial interest. We determine whether we have a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (“VIE”). All significant intercompany account balances and transactions have been eliminated.

Change in Accounting Principle

As of January 1, 2015, we changed our accounting principle to move from a gross basis of presentation to a net basis for presenting qualifying derivative assets and liabilities, as well as the related fair value amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable), for instruments executed with the same counterparty where a right of setoff exists. This newly adopted policy is preferable as it more accurately reflects the Company’s counterparty credit risk as well as our contractual rights and obligations under these arrangements. Further, this change will align our presentation with that of the majority of our peer institutions.

We retrospectively adopted this change in accounting principle and our consolidated balance sheet has been recast for all prior periods presented. As a result, our interest receivable, other assets and total assets as of December 31, 2014 were reduced by $356 million, $331 million and $687 million, respectively. Interest payable, other liabilities and total liabilities decreased as of December 31, 2014 by $63 million, $624 million and $687 million, respectively. There was no impact to operating activities in the consolidated statement of cash flows or any line item within the consolidated statements of income. See “Note 9—Derivative Instruments and Hedging Activities” for additional detail on the accounting for derivative instruments.

New Accounting Standards Adopted

Accounting for Repurchase Transactions

In June 2014, the Financial Accounting Standards Board (“FASB”) issued guidance that requires repurchase-to-maturity transactions to be accounted for as secured borrowings rather than sales. New disclosures are also required for certain transactions accounted for as secured borrowings and transfers accounted for as sales when the transferor retains substantially all of the exposure to the economic return on the transferred financial assets. Our adoption of the accounting guidance in the first quarter of 2015 did not have a significant impact on our financial condition, results of operations or liquidity as the guidance is consistent with our current practice. As required by the new guidance, the new disclosures are effective and have been provided beginning in the second quarter of 2015.

Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period

In June 2014, the FASB issued guidance clarifying that a performance target contained within a share-based payment award that affects vesting and can be achieved after the requisite service period has been completed is to be accounted for as a performance condition. Accordingly, the grantor of such awards should recognize compensation cost in the period in which it becomes probable that the performance target will be achieved. The amount of the compensation cost recognized should represent the cost attributable to the requisite service period fulfilled. The guidance is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. Our adoption of this guidance in the first quarter of 2015 did not have a significant impact on our financial condition, results of operations or liquidity as the guidance is consistent with our current practice.

Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity

In April 2014, the FASB issued guidance raising the threshold for a disposal to qualify as a discontinued operation. Under the new guidance, a component of an entity or group of components that has been disposed by sale, disposed of other than by sale or is classified as held for sale and that represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results should be reported as discontinued operations. The guidance should be applied prospectively for disposals or classifications as held for sale of components of an entity that occur within annual and interim periods beginning after December 15, 2014, with early adoption permitted in certain circumstances. Our adoption of this guidance in the first quarter of 2015 did not have any effect on our consolidated financial statements due to the prospective transition provisions.

Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure

In January 2014, the FASB issued guidance clarifying when an entity should reclassify a consumer mortgage loan collateralized by residential real estate to foreclosed property. Reclassification should occur when the creditor obtains legal title to the residential real estate property or when the borrower conveys 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. An entity should not wait until a redemption period, if any, has expired to reclassify a consumer mortgage loan to foreclosed property. The guidance was effective for annual and interim periods beginning after December 15, 2014. Our adoption of this guidance in the first quarter of 2015 did not have a significant impact on our financial condition, results of operations or liquidity as the guidance is materially consistent with our current practice.

Recently Issued but Not Yet Adopted Accounting Standards

Simplifying the Presentation of Debt Issuance Costs

In April 2015, the FASB issued guidance simplifying the presentation of debt issuance costs. Under the new guidance, the debt issuance costs related to a recognized debt liability will be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance should be applied retrospectively and is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. We are currently evaluating the potential impact of the new guidance on the consolidated financial statements.

Discontinued Operations

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

NOTE 2—DISCONTINUED OPERATIONS

Shutdown of Mortgage Origination Operations of our Wholesale Mortgage Banking Unit

In the third quarter of 2007, we closed the mortgage origination operations of our wholesale mortgage banking unit, GreenPoint, which we acquired in December 2006 as part of the North Fork Bancorporation, Inc. (“North Fork”) acquisition. The results of the wholesale banking unit have been accounted for as a discontinued operation and are therefore not included in our results from continuing operations for the three and six months ended June 30, 2015 and 2014. We have no significant continuing involvement in these operations.

The following table summarizes the results from discontinued operations related to the closure of the mortgage origination operations of our wholesale mortgage banking unit:

Table 2.1: Results of Discontinued Operations



	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in millions)	2015		2014			2015		2014
Non-interest income (expense), net	$	18	$	(15	)	$	48	$	32
Income (loss) from discontinued operations before income taxes	18		(15		)	48		32
Income tax provision (benefit)	7		(5		)	18		12
Income (loss) from discontinued operations, net of tax	$	11	$	(10	)	$	30	$	20

The discontinued mortgage origination operations of our wholesale mortgage banking unit had remaining assets which primarily consisted of the deferred tax asset related to the reserve for representations and warranties; and liabilities which primarily consisted of reserves for representations and warranties on loans previously sold to third parties. See “Note 14—Commitments, Contingencies, Guarantees and Others” for information related to reserves we have established for our mortgage representation and warranty exposure.

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 45
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230

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-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

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-Topic 205
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-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

+ Details

Investment Securities

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Investment Securities

NOTE 3—INVESTMENT SECURITIES

Our investment portfolio consists primarily of the following: U.S. Treasury securities; corporate debt securities guaranteed by U.S. government agencies; U.S. government-sponsored enterprise or agency (“Agency”) and non-agency residential mortgage-backed securities (“RMBS”) and commercial mortgage-backed securities (“CMBS”); other asset-backed securities (“ABS”); and other investments. The carrying value of our investments in U.S. Treasury securities, Agency securities and other securities guaranteed by the U.S. government or U.S. government agencies represented 89% and 86% of our total investment securities as of June 30, 2015 and December 31, 2014, respectively.

Our investment portfolio includes securities available for sale and securities held to maturity. We classify securities as available for sale or held to maturity based on our investment strategy and management’s assessment of our intent and ability to hold the securities until maturity.

The table below presents the overview of our investment portfolio at June 30, 2015 and December 31, 2014.

Table 3.1: Overview of Investment Portfolio



(Dollars in millions)	June 30, 2015		December 31, 2014
Securities available for sale, at fair value	$	39,136	$	39,508
Securities held to maturity, at carrying value	23,668		22,500
Total investments	$	62,804	$	62,008

The table below presents the amortized cost, gross unrealized gains and losses, and fair value of securities available for sale at June 30, 2015 and December 31, 2014.

Table 3.2: Investment Securities Available for Sale



	June 30, 2015
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses⁽¹⁾			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	4,411	$	27	$	0		$	4,438
Corporate debt securities guaranteed by U.S. government agencies	425		2		(6		)	421
RMBS:
Agency⁽²⁾	23,529		252		(129		)	23,652
Non-agency	2,857		448		(11		)	3,294
Total RMBS	26,386		700		(140		)	26,946
CMBS:
Agency⁽²⁾	3,501		28		(45		)	3,484
Non-agency	1,765		28		(14		)	1,779
Total CMBS	5,266		56		(59		)	5,263
Other ABS⁽³⁾	1,728		3		(4		)	1,727
Other securities⁽⁴⁾	340		2		(1		)	341
Total investment securities available for sale	$	38,556	$	790	$	(210	)	$	39,136



	December 31, 2014
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses⁽¹⁾			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	4,114	$	5	$	(1	)	$	4,118
Corporate debt securities guaranteed by U.S. government agencies	819		1		(20		)	800
RMBS:
Agency⁽²⁾	21,804		296		(105		)	21,995
Non-agency	2,938		461		(13		)	3,386
Total RMBS	24,742		757		(118		)	25,381
CMBS:
Agency⁽²⁾	3,751		32		(60		)	3,723
Non-agency	1,780		31		(15		)	1,796
Total CMBS	5,531		63		(75		)	5,519
Other ABS⁽³⁾	2,618		54		(10		)	2,662
Other securities⁽⁴⁾	1,035		6		(13		)	1,028
Total investment securities available for sale	$	38,859	$	886	$	(237	)	$	39,508

__________


⁽¹⁾	Includes non-credit related other-than-temporary impairment (“OTTI”) that remains in accumulated other comprehensive income (“AOCI”) of $10 million and $8 million as of June 30, 2015 and December 31, 2014, respectively. Substantially all of this amount is related to non-agency RMBS.


⁽²⁾	Includes Federal National Mortgage Association (“Fannie Mae”), Federal Home Loan Mortgage Corporation (“Freddie Mac”) and Government National Mortgage Association (“Ginnie Mae”).


⁽³⁾	ABS collateralized by credit card loans constituted approximately 63% and 56% of the other ABS portfolio as of June 30, 2015 and December 31, 2014, respectively, and ABS collateralized by auto dealer floor plan inventory loans and leases constituted approximately 13% and 16% of the other ABS portfolio as of June 30, 2015 and December 31, 2014, respectively.


⁽⁴⁾	Includes foreign government bonds, corporate bonds, municipal securities and equity investments primarily related to activities under the Community Reinvestment Act (“CRA”).

The table below presents the carrying value, gross unrealized gains and losses, and fair value of securities held to maturity at June 30, 2015 and December 31, 2014.

Table 3.3: Investment Securities Held to Maturity



	June 30, 2015
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI⁽¹⁾			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	198	$	0		$	198	$	1	$	0		$	199
Agency RMBS	21,732		(1,118		)	20,614		804		(47		)	21,371
Agency CMBS	2,969		(113		)	2,856		92		(7		)	2,941
Total investment securities held to maturity	$	24,899	$	(1,231	)	$	23,668	$	897	$	(54	)	$	24,511



	December 31, 2014
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI⁽¹⁾			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Agency RMBS	$	21,347	$	(1,184	)	$	20,163	$	1,047	$	0		$	21,210
Agency CMBS	2,457		(120		)	2,337		93		(6		)	2,424
Total investment securities held to maturity	$	23,804	$	(1,304	)	$	22,500	$	1,140	$	(6	)	$	23,634

__________


⁽¹⁾	Represents the unrealized holding gain or loss at the date of transfer from available for sale to held to maturity, net of any subsequent accretion. Any bonds purchased into the securities held for maturity portfolio rather than transferred, will not have unrealized losses recognized in AOCI.

Investment Securities in a Gross Unrealized Loss Position

The table below provides, by major security type, information about our securities available for sale in a gross unrealized loss position and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2015 and December 31, 2014.

Table 3.4: Securities in an Unrealized Loss Position



	June 30, 2015
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Investment securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	28	$	0		$	301	$	(6	)	$	329	$	(6	)
RMBS:
Agency	7,942		(59		)	3,479		(70		)	11,421		(129		)
Non-agency	355		(6		)	99		(5		)	454		(11		)
Total RMBS	8,297		(65		)	3,578		(75		)	11,875		(140		)
CMBS:
Agency	506		(3		)	1,458		(42		)	1,964		(45		)
Non-agency	560		(6		)	307		(8		)	867		(14		)
Total CMBS	1,066		(9		)	1,765		(50		)	2,831		(59		)
Other ABS	432		0			428		(4		)	860		(4		)
Other securities	26		0			20		(1		)	46		(1		)
Total investment securities available for sale in a gross unrealized loss position	$	9,849	$	(74	)	$	6,092	$	(136	)	$	15,941	$	(210	)



	December 31, 2014
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Investment securities available for sale:
U.S. Treasury securities	$	1,499	$	(1	)	$	0	$	0		$	1,499	$	(1	)
Corporate debt securities guaranteed by U.S. government agencies	113		(2		)	557		(18		)	670		(20		)
RMBS:
Agency	3,917		(15		)	4,413		(90		)	8,330		(105		)
Non-agency	412		(9		)	90		(4		)	502		(13		)
Total RMBS	4,329		(24		)	4,503		(94		)	8,832		(118		)
CMBS:
Agency	294		(2		)	1,993		(58		)	2,287		(60		)
Non-agency	258		(1		)	681		(14		)	939		(15		)
Total CMBS	552		(3		)	2,674		(72		)	3,226		(75		)
Other ABS	783		(1		)	586		(9		)	1,369		(10		)
Other securities	106		0			551		(13		)	657		(13		)
Total investment securities available for sale in a gross unrealized loss position	$	7,382	$	(31	)	$	8,871	$	(206	)	$	16,253	$	(237	)

As of June 30, 2015, the amortized cost of approximately 470 securities available for sale exceeded their fair value by $210 million , of which $136 million related to investment securities that had been in a loss position for 12 months or longer. As of June 30, 2015, our investments in non-agency RMBS and CMBS, other ABS, and other securities accounted for $30 million, or 14%, of total gross unrealized losses on securities available for sale. As of June 30, 2015, the carrying value of approximately 60 securities classified as held to maturity exceeded their fair value by $54 million.

Gross unrealized losses on our investment securities have remained relatively consistent to those at December 31, 2014. The unrealized losses related to investment securities for which we have not recognized credit impairment were primarily attributable to changes in market interest rates. As discussed in more detail below, we conduct periodic reviews of all investment securities with unrealized losses to assess whether impairment is other-than-temporary. We believe the securities with an unrealized loss in AOCI are not other-than-temporarily impaired as of June 30, 2015.

Maturities and Yields of Investment Securities

The following tables summarize the remaining scheduled contractual maturities, assuming no prepayments, of our investment securities as of June 30, 2015.

Table 3.5: Contractual Maturities of Securities Available for Sale



	June 30, 2015
(Dollars in millions)	Amortized Cost		Fair Value
Due in 1 year or less	$	841	$	841
Due after 1 year through 5 years	5,724		5,758
Due after 5 years through 10 years	2,031		2,058
Due after 10 years⁽¹⁾	29,960		30,479
Total	$	38,556	$	39,136

__________


⁽¹⁾	Investments with no stated maturities, which consist of equity securities, are included with contractual maturities due after 10 years.

Table 3.6: Contractual Maturities of Securities Held to Maturity



	June 30, 2015
(Dollars in millions)	Carrying Value		Fair Value
Due after 1 year through 5 years	$	198	$	199
Due after 5 years through 10 years	1,148		1,221
Due after 10 years	22,322		23,091
Total	$	23,668	$	24,511

Because borrowers may have the right to call or prepay certain obligations, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented above. The table below summarizes, by major security type, the expected maturities and weighted-average yields of our investment securities as of June 30, 2015.

Table 3.7: Expected Maturities and Weighted-Average Yields of Securities



	June 30, 2015
(Dollars in millions)	Due in 1 Year or Less			Due > 1 Year through 5 Years			Due > 5 Years through 10 Years			Due > 10 Years			Total
Fair value of securities available for sale:
U.S. Treasury securities	$	551		$	3,887		$	0		$	0		$	4,438
Corporate debt securities guaranteed by U.S. government agencies	0			295			126			0			421
RMBS:
Agency	216			11,642			11,794			0			23,652
Non-agency	9			950			1,664			671			3,294
Total RMBS	225			12,592			13,458			671			26,946
CMBS:
Agency	88			1,931			1,446			19			3,484
Non-agency	158			478			1,143			0			1,779
Total CMBS	246			2,409			2,589			19			5,263
Other ABS	358			1,177			192			0			1,727
Other securities	64			62			126			89			341
Total securities available for sale	$	1,444		$	20,422		$	16,491		$	779		$	39,136
Amortized cost of securities available for sale	$	1,448		$	20,184		$	16,226		$	698		$	38,556
Weighted-average yield for securities available for sale⁽¹⁾	1.12		%	2.18		%	2.94		%	5.60		%	2.52		%
Carrying value of securities held to maturity:
U.S. Treasury securities	$	0		$	198		$	0		$	0		$	198
Agency RMBS	13			638			16,658			3,305			20,614
Agency CMBS	0			60			2,457			339			2,856
Total securities held for maturity	$	13		$	896		$	19,115		$	3,644		$	23,668
Fair value of securities held to maturity	$	14		$	917		$	19,846		$	3,734		$	24,511
Weighted-average yield for securities held to maturity⁽¹⁾	5.67		%	2.95		%	2.53		%	3.44		%	2.69		%

__________


⁽¹⁾	The weighted-average yield represents the effective yield for the investment securities and is calculated based on the amortized cost of each security.

Other-Than-Temporary Impairment

We evaluate all securities in an unrealized loss position at least on a quarterly basis, and more often as market conditions require, to assess whether the impairment is other-than-temporary. Our OTTI assessment is based on a discounted cash flow analysis which requires careful use of judgments and assumptions. A number of qualitative and quantitative criteria may be considered in our assessment as applicable, including the size and the nature of the portfolio; historical and projected performance such as prepayment, default and loss severity for the RMBS portfolio; recent credit events specific to the issuer and/or industry to which the issuer belongs; the payment structure of the security; external credit ratings of the issuer and any failure or delay of the issuer to make scheduled interest or principal payments; the value of underlying collateral; our intent and ability to hold the security; and current and projected market and macro-economic conditions.

If we intend to sell a security in an unrealized loss position or it is more likely than not that we will be required to sell the security prior to recovery of its amortized cost basis, the entire difference between the amortized cost basis of the security and its fair value is recognized in earnings. As of June 30, 2015, for any securities with unrealized losses recorded in AOCI, we do not intend to sell nor believe that we will be required to sell these securities prior to recovery of their amortized cost.

For those securities that we do not intend to sell nor expect to be required to sell, an analysis is performed to determine if any of the impairment is due to credit-related factors or whether it is due to other factors, such as interest rates. Credit-related impairment is recognized in earnings, with the remaining unrealized non-credit-related impairment recorded in AOCI. We determine the credit component based on the difference between the security’s amortized cost basis and the present value of its expected cash flows, discounted based on the effective yield.

The table below presents a rollforward of the credit-related OTTI recognized in earnings for the three and six months ended June 30, 2015 and 2014 on investment securities for which we had no intent to sell.

Table 3.8: Credit Impairment Rollforward



	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in millions)	2015		2014			2015		2014
Credit loss component, beginning of period	$	190	$	165		$	175	$	160
Additions:
Initial credit impairment	0		0			5		1
Subsequent credit impairment	2		1			12		5
Total additions	2		1			17		6
Reductions due to payoffs, disposals, transfers and other	0		(1		)	0		(1		)
Credit loss component, end of period	$	192	$	165		$	192	$	165

Realized Gains and Losses on Securities and OTTI Recognized in Earnings

The following table presents the gross realized gains and losses on the sale and redemption of securities available for sale, and the OTTI losses recognized in earnings for the three and six months ended June 30, 2015 and 2014. We also present the proceeds from the sale of securities available for sale for the periods presented. We did not sell any investment securities that are held to maturity.

Table 3.9: Realized Gains and Losses and OTTI Recognized in Earnings



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Realized gains (losses):
Gross realized gains	$	8		$	2		$	17		$	34
Gross realized losses	(9		)	(3		)	(16		)	(22		)
Net realized (losses) gains	(1		)	(1		)	1			12
OTTI recognized in earnings:
Credit-related OTTI	(2		)	(1		)	(17		)	(6		)
Intent-to-sell OTTI	(5		)	0			(5		)	0
Total OTTI recognized in earnings	(7		)	(1		)	(22		)	(6		)
Net securities (losses) gains	$	(8	)	$	(2	)	$	(21	)	$	6

Total proceeds from sales	$	971		$	583		$	2,313		$	3,559

Securities Pledged and Received

As part of our liquidity management strategy, we pledge securities to secure borrowings from counterparties including the Federal Home Loan Banks and the Federal Reserve. We also pledge securities to secure trust and public deposits and for other purposes as required or permitted by law. We pledged securities available for sale with a fair value of $2.1 billion and $3.5 billion as of June 30, 2015 and December 31, 2014, respectively. We pledged securities held to maturity with a carrying value of $9.3 billion and $9.0 billion as of June 30, 2015 and December 31, 2014, respectively. Of the total securities pledged as collateral, we have encumbered $11.0 billion and $10.6 billion as of June 30, 2015 and December 31, 2014, respectively, primarily related to Public Fund deposits and our derivative transactions. We accepted pledges of securities with a fair value of $16 million and $91 million as of June 30, 2015 and December 31, 2014, respectively, primarily related to our derivative transactions.

Acquired Securities

The table below presents the outstanding balance and carrying value of the acquired credit-impaired debt securities as of June 30, 2015 and December 31, 2014.

Table 3.10: Outstanding Balance and Carrying Value of Acquired Securities



(Dollars in millions)	June 30, 2015		December 31, 2014
Outstanding balance	$	3,526	$	3,768
Carrying value	2,677		2,839

Changes in Accretable Yield of Acquired Securities

The following table presents changes in the accretable yield related to the acquired credit-impaired debt securities:

Table 3.11: Changes in the Accretable Yield of Acquired Credit-Impaired Debt Securities



(Dollars in millions)	Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
Accretable yield, beginning of period	$	1,171		$	1,250
Accretion recognized in earnings	(62		)	(123		)
Reduction due to payoffs, disposals, transfers and other	0			(1		)
Net reclassifications from nonaccretable difference	83			66
Accretable yield, end of period	$	1,192		$	1,192

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

Loans

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Loans

NOTE 4—LOANS

Loan Portfolio Composition

Our loan portfolio consists of loans held for investment, including restricted loans underlying our consolidated securitization trusts, and loans held for sale, and is divided into three portfolio segments: credit card, consumer banking and commercial banking loans. Credit card loans consist of domestic and international credit card loans. Consumer banking loans consist of auto, home and retail banking loans. Commercial banking loans consist of commercial and multifamily real estate, commercial and industrial, and small-ticket commercial real estate loans.

Our portfolio of loans held for investment also includes loans acquired in the ING Direct, CCB and 2012 U.S. card acquisitions. These loans were recorded at fair value at the date of each acquisition and are referred to as Acquired Loans. The substantial majority of the loans purchased in the 2012 U.S. card acquisition had existing revolving privileges; therefore, they were excluded from Acquired Loans and accounted for based on contractual cash flows at acquisition. See “Note 1—Summary of Significant Accounting Policies” in our 2014 Form 10-K for additional information on accounting guidance for these loans.

Credit Quality

We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk. Trends in delinquency ratios are an indicator, among other considerations, of credit risk within our loan portfolio. The level of nonperforming loans represents another indicator of the potential for future credit losses. Accordingly, key metrics we track and use in evaluating the credit quality of our loan portfolio include delinquency and nonperforming loan rates, as well as net charge-off rates and our internal risk ratings of larger balance commercial loans. The table below presents the composition and an aging analysis of our loans held for investment portfolio, which includes restricted loans for securitization investors, as of June 30, 2015 and December 31, 2014. The delinquency aging includes all past due loans, both performing and nonperforming.

Table 4.1: Loan Portfolio Composition and Aging Analysis



	June 30, 2015
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans			Acquired Loans		Total Loans
Credit Card:
Domestic credit card⁽¹⁾	$	76,741	$	777	$	489	$	977	$	2,243		$	0	$	78,984
International credit card	7,949		108		60		102		270			0		8,219
Total credit card	84,690		885		549		1,079		2,513			0		87,203
Consumer Banking:
Auto	37,598		1,573		660		160		2,393			0		39,991
Home loan	6,553		45		27		191		263			20,779		27,595
Retail banking	3,507		16		10		20		46			37		3,590
Total consumer banking	47,658		1,634		697		371		2,702			20,816		71,176
Commercial Banking:
Commercial and multifamily real estate	22,809		19		0		21		40			37		22,886
Commercial and industrial	27,267		101		12		163		276			117		27,660
Total commercial lending	50,076		120		12		184		316			154		50,546
Small-ticket commercial real estate	680		2		2		1		5			0		685
Total commercial banking	50,756		122		14		185		321			154		51,231
Other loans	82		4		2		7		13			0		95
Total loans⁽²⁾	$	183,186	$	2,645	$	1,262	$	1,642	$	5,549		$	20,970	$	209,705
% of Total loans	87.35%		1.26%		0.60%		0.79%		2.65		%	10.00%		100.00		%



	December 31, 2014
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans			Acquired Loans		Total Loans
Credit Card:
Domestic credit card⁽¹⁾	$	75,143	$	790	$	567	$	1,181	$	2,538		$	23	$	77,704
International credit card	7,878		114		69		111		294			0		8,172
Total credit card	83,021		904		636		1,292		2,832			23		85,876
Consumer Banking:
Auto	35,142		1,751		734		197		2,682			0		37,824
Home loan	6,492		57		27		218		302			23,241		30,035
Retail banking	3,496		17		7		16		40			44		3,580
Total consumer banking	45,130		1,825		768		431		3,024			23,285		71,439
Commercial Banking:
Commercial and multifamily real estate	22,974		74		7		36		117			46		23,137
Commercial and industrial	26,753		29		10		34		73			146		26,972
Total commercial lending	49,727		103		17		70		190			192		50,109
Small-ticket commercial real estate	771		6		1		3		10			0		781
Total commercial banking	50,498		109		18		73		200			192		50,890
Other loans	97		3		2		9		14			0		111
Total loans⁽²⁾	$	178,746	$	2,841	$	1,424	$	1,805	$	6,070		$	23,500	$	208,316
% of Total loans	85.81%		1.36%		0.68%		0.87%		2.91		%	11.28%		100.00		%

__________


⁽¹⁾	Includes installment loans of $107 million and $144 million as of June 30, 2015 and December 31, 2014, respectively.


⁽²⁾	Loans as presented are net of unearned income, unamortized premiums and discounts, and unamortized deferred fees and costs totaling $935 million and $1.1 billion as of June 30, 2015 and December 31, 2014, respectively.

We had total loans held for sale of $1.1 billion and $626 million as of June 30, 2015 and December 31, 2014, respectively.

Table 4.2 presents loans 90 days or more past due that continue to accrue interest and loans classified as nonperforming as of June 30, 2015 and December 31, 2014.

Table 4.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans⁽¹⁾



	June 30, 2015				December 31, 2014
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Credit Card:
Domestic credit card	$	977	$	0	$	1,181	$	0
International credit card	64		68		73		70
Total credit card	1,041		68		1,254		70
Consumer Banking:
Auto	0		160		0		197
Home loan	0		313		0		330
Retail banking	1		28		1		22
Total consumer banking	1		501		1		549
Commercial Banking:
Commercial and multifamily real estate	0		27		7		62
Commercial and industrial	6		433		1		106
Total commercial lending	6		460		8		168



	June 30, 2015				December 31, 2014
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Small-ticket commercial real estate	0		3		0		7
Total commercial banking	6		463		8		175
Other loans	0		10		0		15
Total	$	1,048	$	1,042	$	1,263	$	809
% of Total loans	0.50%		0.50%		0.61%		0.39%

__________


⁽¹⁾	Nonperforming loans generally include loans that have been placed on nonaccrual status. Acquired Loans are excluded from loans reported as 90 days and accruing interest as well as nonperforming loans.

Credit Card

Our credit card loan portfolio is generally highly diversified across millions of accounts and numerous geographies without significant individual exposure. We therefore generally manage credit risk on a portfolio basis. The risk in our credit card portfolio correlates to broad economic trends, such as unemployment rates, gross domestic product (“GDP”), and home values, as well as customer liquidity, which can have a material effect on credit performance. The primary factors we assess in monitoring the credit quality and risk of our credit card portfolio are delinquency and charge-off trends, including an analysis of the migration of loans between delinquency categories over time.

The table below displays the geographic profile of our credit card loan portfolio and delinquency statistics as of June 30, 2015 and December 31, 2014. We also present net charge-offs for the three and six months ended June 30, 2015 and 2014.

Table 4.3: Credit Card: Risk Profile by Geographic Region and Delinquency Status



	June 30, 2015			December 31, 2014
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Domestic credit card:
California	$	8,891	10.2%	$	8,574	10.0%
New York	5,785		6.6	5,610		6.5
Texas	5,581		6.4	5,382		6.3
Florida	4,968		5.7	4,794		5.6
Illinois	3,733		4.3	3,747		4.4
Pennsylvania	3,430		3.9	3,581		4.2
Ohio	3,050		3.5	3,075		3.6
New Jersey	2,903		3.3	2,868		3.3
Michigan	2,665		3.1	2,681		3.1
Other	37,978		43.6	37,392		43.5
Total domestic credit card	78,984		90.6	77,704		90.5
International credit card:
Canada	4,867		5.6	4,747		5.5
United Kingdom	3,352		3.8	3,425		4.0
Total international credit card	8,219		9.4	8,172		9.5
Total credit card	$	87,203	100.0%	$	85,876	100.0	%
Selected credit metrics:⁽²⁾
30+ day delinquencies	$	2,513	2.88%	$	2,832	3.30%
90+ day delinquencies	1,079		1.24	1,292		1.50

__________


⁽¹⁾	Percentages by geographic region within the domestic and international credit card portfolios are calculated based on the total held for investment credit card loans as of the end of the reported period.


⁽²⁾	Calculated by dividing delinquent credit card loans by the total balance of credit card loans held for investment as of the end of the reported period.

Table 4.4: Credit Card: Net Charge-offs



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
(Dollars in millions)	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾
Net charge-offs:
Domestic credit card	$	650	3.42%	$	610	3.52%	$	1,314	3.49%	$	1,310	3.77%
International credit card	53		2.65	75		3.93	108		2.73	155		4.05
Total credit card	$	703	3.35	$	685	3.56	$	1,422	3.42	$	1,465	3.79

__________


⁽¹⁾	Calculated for each loan category by dividing annualized net charge-offs for the period by average loans held for investment during the period.

Consumer Banking

Our consumer banking loan portfolio consists of auto, home loan and retail banking loans. Similar to our credit card loan portfolio, the risk in our consumer banking loan portfolio correlates to broad economic trends, such as unemployment rates, GDP, and home values, as well as customer liquidity, all of which can have a material effect on credit performance. Delinquency, nonperforming loans and charge-off trends are key factors we assess in monitoring the credit quality and risk of our consumer banking loan portfolio.

The table below displays the geographic profile of our consumer banking loan portfolio, including Acquired Loans. We also present the delinquency and nonperforming loan rates of our consumer banking loan portfolio as of June 30, 2015 and December 31, 2014, and net charge-offs for the three and six months ended June 30, 2015 and 2014.

Table 4.5: Consumer Banking: Risk Profile by Geographic Region, Delinquency Status and Performing Status



	June 30, 2015			December 31, 2014
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Auto:
Texas	$	5,383	7.6%	$	5,248	7.4%
California	4,367		6.1	4,081		5.7
Florida	3,062		4.3	2,737		3.8
Georgia	2,169		3.1	2,066		2.9
Louisiana	1,872		2.6	1,773		2.5
Illinois	1,784		2.5	1,676		2.4
Ohio	1,654		2.3	1,566		2.2
Other	19,700		27.7	18,677		26.1
Total auto	39,991		56.2	37,824		53.0
Home loan:
California	6,412		9.0	6,943		9.7
New York	2,313		3.2	2,452		3.4
Illinois	1,697		2.4	1,873		2.6
Maryland	1,624		2.3	1,720		2.4
Virginia	1,452		2.0	1,538		2.2
New Jersey	1,405		2.0	1,529		2.1
Florida	1,253		1.8	1,375		1.9



	June 30, 2015			December 31, 2014
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Other	11,439		16.1	12,605		17.7
Total home loan	27,595		38.8	30,035		42.0
Retail banking:
Louisiana	1,128		1.6	1,120		1.5
New York	891		1.2	881		1.2
Texas	752		1.0	756		1.1
New Jersey	255		0.4	265		0.4
Maryland	170		0.2	167		0.2
Virginia	142		0.2	132		0.2
California	49		0.1	52		0.1
Other	203		0.3	207		0.3
Total retail banking	3,590		5.0	3,580		5.0
Total consumer banking	$	71,176	100.0%	$	71,439	100.0%



	June 30, 2015										December 31, 2014
	30+ day Delinquencies			90+ day Delinquencies				Nonperforming Loans			30+ day Delinquencies			90+ day Delinquencies			Nonperforming Loans
(Dollars in millions)	Amount		Rate	Amount		Rate		Amount		Rate	Amount		Rate	Amount		Rate	Amount		Rate
Auto	$	2,393	5.98%	$	160	0.40	%	$	160	0.40%	$	2,682	7.09%	$	197	0.52%	$	197	0.52	%
Home Loan⁽²⁾	263		0.95	191		0.69		313		1.13	302		1.01	218		0.73	330		1.10
Retail Banking	46		1.28	20		0.55		28		0.79	40		1.11	16		0.44	22		0.61
Total Consumer Banking⁽²⁾	$	2,702	3.80	$	371	0.52		$	501	0.70	$	3,024	4.23	$	431	0.60	$	549	0.77

__________


⁽¹⁾	Percentages by geographic region are calculated based on the total held for investment consumer banking loans as of the end of the reported period.

⁽²⁾

Excluding the impact of Acquired Loans, the 30+ day delinquency rates, 90+ day delinquency rates, and the nonperforming loans rates for our home loan portfolio were 3.85%, 2.81% and 4.59% as of June 30, 2015; and 4.45%, 3.21% and 4.86% as of December 31, 2014; and for the total consumer banking loan portfolio were 5.36%, 0.74% and 1.00% as of June 30, 2015; and 6.28%, 0.89% and 1.14% as of December 31, 2014.

Table 4.6: Consumer Banking: Net Charge-offs



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
(Dollars in millions)	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾
Net charge-offs:
Auto	$	121	1.22%	$	111	1.31%	$	269	1.38%	$	245	1.48%
Home loan	3		0.04	5		0.05	5		0.03	10		0.06
Retail banking	12		1.39	6		0.70	21		1.18	15		0.82
Total consumer banking	$	136	0.76	$	122	0.69	$	295	0.83	$	270	0.76

__________

⁽¹⁾

Calculated for each loan category by dividing annualized net charge-offs for the period by average loans held for investment during the period. Excluding the impact of Acquired Loans, the net charge-off rates for our home loan portfolio and the total consumer banking loan portfolio were 0.16% and 1.09%, respectively, for the three months ended June 30, 2015, compared to 0.25% and1.09%, respectively, for the three months ended June 30, 2014; and 0.13% and 1.19%, respectively, for the six months ended June 30, 2015, compared to 0.27% and 1.23%, respectively, for the six months ended June 30, 2014.

Home Loan

Our home loan portfolio consists of both first-lien and second-lien residential mortgage loans. In evaluating the credit quality and risk of our home loan portfolio, we continually monitor a variety of mortgage loan characteristics that may affect the default experience on our overall home loan portfolio, such as vintage, geographic concentrations, lien priority and product type. Certain loan concentrations have experienced higher delinquency rates as a result of the significant decline in home prices after the peak in 2006 and subsequent rise in unemployment. These loan concentrations include loans originated between 2006 and 2008 in an environment of decreasing home sales, broadly declining home prices and more relaxed underwriting standards.

The following table presents the distribution of our home loan portfolio as of June 30, 2015 and December 31, 2014, based on selected key risk characteristics.

Table 4.7: Home Loan: Risk Profile by Vintage, Geography, Lien Priority and Interest Rate Type



	June 30, 2015
	Loans			Acquired Loans			Total Home Loans
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Origination year:⁽²⁾
< = 2006	$	2,554	9.3%	$	5,271	19.1%	$	7,825	28.4%
2007	294		1.1	4,475		16.2	4,769		17.3
2008	172		0.6	3,155		11.4	3,327		12.0
2009	106		0.4	1,735		6.3	1,841		6.7
2010	107		0.4	2,590		9.4	2,697		9.8
2011	196		0.7	2,963		10.7	3,159		11.4
2012	1,443		5.2	461		1.7	1,904		6.9
2013	604		2.2	75		0.3	679		2.5
2014	720		2.6	31		0.1	751		2.7
2015	620		2.2	23		0.1	643		2.3
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0%
Geographic concentration:⁽³⁾
California	$	939	3.4%	$	5,473	19.8%	$	6,412	23.2%
New York	1,336		4.9	977		3.5	2,313		8.4
Illinois	94		0.3	1,603		5.8	1,697		6.1
Maryland	484		1.8	1,140		4.1	1,624		5.9
Virginia	410		1.5	1,042		3.8	1,452		5.3
New Jersey	334		1.2	1,071		3.9	1,405		5.1
Florida	163		0.6	1,090		3.9	1,253		4.5
Arizona	87		0.3	1,109		4.0	1,196		4.3
Louisiana	1,140		4.1	33		0.2	1,173		4.3
Washington	110		0.4	913		3.3	1,023		3.7
Other	1,719		6.2	6,328		23.0	8,047		29.2
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0	%
Lien type:
1^st lien	$	5,807	21.0%	$	20,444	74.1%	$	26,251	95.1%
2^nd lien	1,009		3.7	335		1.2	1,344		4.9
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0%
Interest rate type:
Fixed rate	$	2,654	9.6%	$	2,516	9.1%	$	5,170	18.7%
Adjustable rate	4,162		15.1	18,263		66.2	22,425		81.3
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0%



	December 31, 2014
	Loans				Acquired Loans				Total Home Loans
(Dollars in millions)	Amount		% of Total⁽¹⁾		Amount		% of Total⁽¹⁾		Amount		% of Total⁽¹⁾
Origination year:⁽²⁾
< = 2006	$	2,827	9.4%		$	5,715	19.1	%	$	8,542	28.5	%
2007	320		1.1		4,766		15.8		5,086		16.9
2008	187		0.6		3,494		11.7		3,681		12.3
2009	107		0.4		1,999		6.6		2,106		7.0
2010	120		0.4		3,108		10.3		3,228		10.7
2011	221		0.7		3,507		11.7		3,728		12.4
2012	1,620		5.4		533		1.8		2,153		7.2
2013	661		2.2		85		0.3		746		2.5
2014	731		2.4		34		0.1		765		2.5
Total	$	6,794	22.6	%	$	23,241	77.4%		$	30,035	100.0%
Geographic concentration:⁽³⁾
California	$	924	3.1%		$	6,019	20.0%		$	6,943	23.1%
New York	1,379		4.6		1,073		3.6		2,452		8.2
Illinois	86		0.3		1,787		5.9		1,873		6.2
Maryland	457		1.5		1,263		4.2		1,720		5.7
Virginia	385		1.3		1,153		3.8		1,538		5.1
New Jersey	341		1.1		1,188		4.0		1,529		5.1
Florida	161		0.5		1,214		4.1		1,375		4.6
Arizona	89		0.3		1,215		4.1		1,304		4.4
Louisiana	1,205		4.0		38		0.1		1,243		4.1
Washington	109		0.4		1,038		3.4		1,147		3.8
Other	1,658		5.5		7,253		24.2		8,911		29.7
Total	$	6,794	22.6%		$	23,241	77.4%		$	30,035	100.0%
Lien type:
1^st lien	$	5,756	19.2%		$	22,883	76.2%		$	28,639	95.4%
2^nd lien	1,038		3.4		358		1.2		1,396		4.6
Total	$	6,794	22.6	%	$	23,241	77.4	%	$	30,035	100.0	%
Interest rate type:
Fixed rate	$	2,446	8.1%		$	2,840	9.5%		$	5,286	17.6%
Adjustable rate	4,348		14.5		20,401		67.9		24,749		82.4
Total	$	6,794	22.6	%	$	23,241	77.4%		$	30,035	100.0%

__________


⁽¹⁾	Percentages within each risk category are calculated based on total home loans held for investment.


⁽²⁾	The Acquired Loans origination balances in the years subsequent to 2012 are related to refinancing of previously acquired home loans.


⁽³⁾	Represents the ten states in which we have the highest concentration of home loans.

Our recorded investment in home loans for properties that are in process of foreclosure was $543 million as of June 30, 2015. We commence the foreclosure process on home loans when a borrower becomes at least 120 days delinquent in accordance with Consumer Financial Protection Bureau regulations. Foreclosure procedures and time lines vary according to state law. As of June 30, 2015 and December 31, 2014, the carrying value of the foreclosed residential real estate properties which we hold and report as other assets on our consolidated balance sheet totaled $125 million and $131 million, respectively.

Commercial Banking

We evaluate the credit risk of commercial loans individually and use a risk-rating system to determine the credit quality of our commercial loans. We assign internal risk ratings to loans based on relevant information about the ability of borrowers to service their debt. In determining the risk rating of a particular loan, among the factors considered are the borrower’s current financial condition, historical credit performance, projected future credit performance, prospects for support from financially responsible guarantors, the estimated realizable value of any collateral and current economic trends. The ratings scale based on our internal risk-rating system is as follows:


•	Noncriticized: Loans that have not been designated as criticized, frequently referred to as “pass” loans.


•	Criticized performing: Loans in which the financial condition of the obligor is stressed, affecting earnings, cash flows or collateral values. The borrower currently has adequate capacity to meet near-term obligations; however, the stress, left unabated, may result in deterioration of the repayment prospects at some future date.

•

Criticized nonperforming: Loans that are not adequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Loans classified as criticized nonperforming have a well-defined weakness, or weaknesses, which jeopardize the repayment of the debt. These loans are characterized by the distinct possibility that we will sustain a credit loss if the deficiencies are not corrected and are generally placed on nonaccrual status.

We use our internal risk-rating system for regulatory reporting, determining the frequency of credit exposure reviews, and evaluating and determining the allowance for loan and lease losses for commercial loans. Loans of $1 million or more designated as criticized performing and criticized nonperforming are reviewed quarterly by management for further deterioration or improvement to determine if they are appropriately classified/graded and whether impairment exists. Noncriticized loans greater than $1 million are specifically reviewed, at least annually, to determine the appropriate loan grading. In addition, we evaluate the risk rating during the renewal process of any loan or if a loan becomes past due.

The following table presents the geographic distribution and internal risk ratings of our commercial loan portfolio as of June 30, 2015 and December 31, 2014.

Table 4.8: Commercial Banking: Risk Profile by Geographic Region and Internal Risk Rating



	June 30, 2015
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total⁽¹⁾	Commercial and Industrial		% of Total⁽¹⁾		Small-ticket Commercial Real Estate		% of Total⁽¹⁾		Total Commercial Banking		% of Total⁽¹⁾
Geographic concentration:⁽²⁾
Loans:
Northeast	$	14,514	63.4%	$	6,498	23.5%		$	419	61.2	%	$	21,431	41.8	%
Mid-Atlantic	2,558		11.2	2,084		7.5		27		3.9		4,669		9.1
South	3,436		15.0	12,028		43.5		43		6.3		15,507		30.3
Other	2,378		10.4	7,050		25.5		196		28.6		9,624		18.8
Total	$	22,886	100.0%	$	27,660	100.0%		$	685	100.0%		$	51,231	100.0%
Internal risk rating:⁽³⁾
Loans:
Noncriticized	$	22,453	98.1%	$	25,869	93.5%		$	679	99.1%		$	49,001	95.7%
Criticized performing	406		1.8	1,358		4.9		3		0.4		1,767		3.4
Criticized nonperforming	27		0.1	433		1.6		3		0.5		463		0.9
Total	$	22,886	100.0%	$	27,660	100.0	%	$	685	100.0%		$	51,231	100.0%



	December 31, 2014
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total⁽¹⁾	Commercial and Industrial		% of Total⁽¹⁾	Small-ticket Commercial Real Estate		% of Total⁽¹⁾	Total Commercial Banking		% of Total⁽¹⁾
Geographic concentration:⁽²⁾
Loans:
Northeast	$	15,135	65.4%	$	6,384	23.7%	$	478	61.2%	$	21,997	43.2%
Mid-Atlantic	2,491		10.8	2,121		7.9	30		3.8	4,642		9.1
South	3,070		13.3	12,310		45.6	48		6.2	15,428		30.3
Other	2,441		10.5	6,157		22.8	225		28.8	8,823		17.4
Total	$	23,137	100.0%	$	26,972	100.0%	$	781	100.0%	$	50,890	100.0%
Internal risk rating:⁽³⁾
Loans:
Noncriticized	$	22,535	97.4%	$	25,982	96.3%	$	767	98.2%	$	49,284	96.9%
Criticized performing	540		2.3	884		3.3	7		0.9	1,431		2.8
Criticized nonperforming	62		0.3	106		0.4	7		0.9	175		0.3
Total	$	23,137	100.0%	$	26,972	100.0%	$	781	100.0%	$	50,890	100.0%

__________


⁽¹⁾	Percentages calculated based on total held for investment commercial loans in each respective loan category as of the end of the reported period.


⁽²⁾	Northeast consists of CT, ME, MA, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DE, DC, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MS, MO, NC, SC, TN and TX.


⁽³⁾	Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by banking regulatory authorities.

Impaired Loans

The following table presents information about our impaired loans, excluding the impact of Acquired Loans, which is reported separately as of June 30, 2015 and December 31, 2014, and for the three and six months ended June 30, 2015 and 2014:

Table 4.9: Impaired Loans⁽¹⁾



	June 30, 2015
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance
Credit Card:
Domestic credit card	$	532	$	0	$	532	$	139	$	393	$	517
International credit card	138		0		138		67		71		133
Total credit card⁽²⁾	670		0		670		206		464		650
Consumer Banking:
Auto⁽³⁾	254		207		461		21		440		732
Home loan	215		148		363		15		348		460
Retail banking	51		6		57		11		46		59
Total consumer banking	520		361		881		47		834		1,251
Commercial Banking:
Commercial and multifamily real estate	95		11		106		19		87		118
Commercial and industrial	299		265		564		53		511		592
Total commercial lending	394		276		670		72		598		710
Small-ticket commercial real estate	4		0		4		0		4		4
Total commercial banking	398		276		674		72		602		714
Total	$	1,588	$	637	$	2,225	$	325	$	1,900	$	2,615



	Three Months Ended				Six Months Ended
	June 30, 2015				June 30, 2015
(Dollars in millions)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Credit Card:
Domestic credit card	$	535	$	14	$	539	$	28
International credit card	136		3		139		5
Total credit card⁽²⁾	671		17		678		33
Consumer Banking:
Auto⁽³⁾	457		20		450		41
Home loan	364		1		365		2
Retail banking	56		1		54		1
Total consumer banking	877		22		869		44
Commercial Banking:
Commercial and multifamily real estate	113		1		124		2
Commercial and industrial	388		1		330		2
Total commercial lending	501		2		454		4
Small-ticket commercial real estate	8		0		8		0
Total commercial banking	509		2		462		4
Total	$	2,057	$	41	$	2,009	$	81



	December 31, 2014
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance
Credit Card:
Domestic credit card	$	546	$	0	$	546	$	145	$	401	$	531
International credit card	146		0		146		74		72		141
Total credit card⁽²⁾	692		0		692		219		473		672
Consumer Banking:
Auto⁽³⁾	230		205		435		19		416		694
Home loan	218		149		367		17		350		472
Retail banking	45		5		50		6		44		52
Total consumer banking	493		359		852		42		810		1,218
Commercial Banking:
Commercial and multifamily real estate	120		26		146		23		123		163
Commercial and industrial	161		55		216		16		200		233
Total commercial lending	281		81		362		39		323		396
Small-ticket commercial real estate	3		5		8		0		8		10
Total commercial banking	284		86		370		39		331		406
Total	$	1,469	$	445	$	1,914	$	300	$	1,614	$	2,296



	Three Months Ended				Six Months Ended
	June 30, 2014				June 30, 2014
(Dollars in millions)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Credit Card:
Domestic credit card	$	573	$	15	$	585	$	30
International credit card	165		3		167		6
Total credit card⁽²⁾	738		18		752		36
Consumer Banking:
Auto⁽³⁾	373		17		367		34
Home loan	408		2		404		3
Retail banking	77		0		81		1
Total consumer banking	858		19		852		38
Commercial Banking:
Commercial and multifamily real estate	200		1		180		3
Commercial and industrial	178		1		180		2
Total commercial lending	378		2		360		5
Small-ticket commercial real estate	11		0		9		0
Total commercial banking	389		2		369		5
Total	$	1,985	$	39	$	1,973	$	79

__________


⁽¹⁾	Impaired loans include loans modified in Troubled Debt Restructurings (“TDRs”), all nonperforming commercial loans, and nonperforming home loans with a specific impairment.


⁽²⁾	Credit card loans include finance charges and fees.


⁽³⁾	Although auto loans from loan recovery inventory are not reported in our loans held for investment, they are included as impaired loans above since they are reported as TDRs.

Loans modified in TDRs accounted for $1.7 billion of the impaired loans presented above as of both June 30, 2015 and December 31, 2014. Consumer TDRs classified as performing totaled $1.0 billion as of both June 30, 2015 and December 31, 2014. Commercial TDRs classified as performing totaled $211 million and $194 million as of June 30, 2015 and December 31, 2014, respectively.

As part of our loan modifications to borrowers experiencing financial difficulty, we may provide multiple concessions to minimize our economic loss and improve long-term loan performance and collectability. The following tables present the types, recorded investment amounts and financial effects of loans modified in TDRs during the three and six months ended June 30, 2015 and 2014:

Table 4.10: Troubled Debt Restructurings



	Total Loans Modified⁽¹⁾		Three Months Ended June 30, 2015
			Reduced Interest Rate			Term Extension			Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾		% of TDR Activity⁽³⁾⁽⁵⁾		Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾		Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	68	100%	12.03	%	0	%	0	0	%	$	0
International credit card	30		100	25.95		0		0	0		0
Total credit card	98		100	16.25		0		0	0		0
Consumer Banking:
Auto	81		40	4.11		68		7	31		23
Home loan	10		37	3.17		60		188	23		0
Retail banking	5		3	6.93		76		7	0		0
Total consumer banking	96		37	4.03		67		23	29		23
Commercial Banking:
Commercial and multifamily real estate	0		0	0.00		0		0	100		0
Commercial and industrial	30		0	1.14		98		4	0		0
Total commercial lending	30		0	1.14		98		4	0		0
Small-ticket commercial real estate	1		0	0.00		0		0	0		0
Total commercial banking	31		0	1.14		97		4	0		0
Total	$	225	60	12.98		42		17	12		$	23



	Total Loans Modified⁽¹⁾		Six Months Ended June 30, 2015
			Reduced Interest Rate		Term Extension		Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾	% of TDR Activity⁽³⁾⁽⁵⁾	Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾		Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	140	100%	12.08%	0%	0	0	%	$	0
International credit card	62		100	25.86	0	0	0		0
Total credit card	202		100	16.32	0	0	0		0
Consumer Banking:
Auto	169		41	2.82	69	8	30		45
Home loan	17		50	2.98	62	181	13		0
Retail banking	10		31	8.09	83	6	0		0
Total consumer banking	196		41	3.05	70	22	27		45
Commercial Banking:
Commercial and multifamily real estate	3		0	0.00	97	34	78		1
Commercial and industrial	51		0	1.50	59	5	0		0
Total commercial lending	54		0	1.50	61	7	4		1
Small-ticket commercial real estate	1		0	0.00	0	0	0		0
Total commercial banking	55		0	1.50	60	7	4		1
Total	$	453	62	12.55	37	19	12		$	46



	Total Loans Modified⁽¹⁾		Three Months Ended June 30, 2014
			Reduced Interest Rate		Term Extension		Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾	% of TDR Activity⁽³⁾⁽⁵⁾	Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾	Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	64	100%	11.54%	0%	0	0%	$	0
International credit card	38		100	25.46	0	0	0	0
Total credit card	102		100	16.83	0	0	0	0
Consumer Banking:
Auto	69		32	1.45	58	9	41	25
Home loan	11		38	2.32	33	164	4	0
Retail banking	2		5	7.57	95	10	0	0
Total consumer banking	82		32	1.62	56	22	34	25
Commercial Banking:
Commercial and multifamily real estate	4		0	0.00	0	0	100	2
Commercial and industrial	12		0	0.00	57	11	0	0
Total commercial lending	16		0	0.00	42	11	26	2
Small-ticket commercial real estate	1		0	0.00	0	0	0	0
Total commercial banking	17		0	0.00	39	11	24	2
Total	$	201	64	13.73	26	20	16	$	27



	Total Loans Modified⁽¹⁾		Six Months Ended June 30, 2014
			Reduced Interest Rate		Term Extension			Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾	% of TDR Activity⁽³⁾⁽⁵⁾		Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾	Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	131	100%	11.52%	0	%	0	0%	$	0
International credit card	81		100	25.33	0		0	0	0
Total credit card	212		100	16.83	0		0	0	0
Consumer Banking:
Auto	146		36	1.02	63		9	36	47
Home loan	19		30	2.04	32		153	8	1
Retail banking	8		7	5.07	71		7	0	0
Total consumer banking	173		34	1.16	60		18	31	48
Commercial Banking:
Commercial and multifamily real estate	66		31	1.28	94		8	6	2
Commercial and industrial	13		0	0.00	58		11	0	0
Total commercial lending	79		26	1.10	88		9	5	2
Small-ticket commercial real estate	1		0	0.00	0		0	0	0
Total commercial banking	80		26	1.08	87		9	5	2
Total	$	465	63	12.55	37		14	13	$	50

__________


⁽¹⁾	Represents total loans modified and accounted for as TDRs during the period. Paydowns, net charge-offs and any other changes in the loan carrying value subsequent to the loan entering TDR status are not reflected.


⁽²⁾	Represents percentage of loans modified and accounted for as TDRs during the period that were granted a reduced interest rate.


⁽³⁾	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.


⁽⁴⁾	Represents weighted average interest rate reduction for those loans that received an interest rate concession.


⁽⁵⁾	Represents percentage of loans modified and accounted for as TDRs during the period that were granted a maturity date extension.


⁽⁶⁾	Represents weighted average change in maturity date for those loans that received a maturity date extension.


⁽⁷⁾	Represents percentage of loans modified and accounted for as TDRs during the period that were granted forgiveness or forbearance of a portion of their balance.


⁽⁸⁾	Total amount represents the gross balance forgiven. For loans modified in bankruptcy, the gross balance reduction represents collateral value write downs associated with the discharge of the borrower’s obligations.

TDR—Subsequent Defaults of Completed TDR Modifications

The following table presents the type, number and recorded investment amount of loans modified in TDRs that experienced a default during the period and had completed a modification event in the twelve months prior to the default. A default occurs if the loan is either 90 days or more delinquent, has been charged-off as of the end of the period presented, or has been reclassified from accrual to nonaccrual status.

Table 4.11: TDR - Subsequent Defaults



	Three Months Ended			Six Months Ended
	June 30, 2015			June 30, 2015
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	9,661	$	16	19,328	$	32
International credit card⁽¹⁾	8,624	23		17,172	43
Total credit card	18,285	39		36,500	75
Consumer Banking:
Auto	2,128	24		3,875	44
Home loan	2	0		7	0
Retail banking	4	0		14	1
Total consumer banking	2,134	24		3,896	45
Commercial Banking:
Commercial and multifamily real estate	0	0		0	0
Commercial and industrial	3	17		3	17
Total commercial lending	3	17		3	17
Small-ticket commercial real estate	0	0		0	0
Total commercial banking	3	17		3	17
Total	20,422	$	80	40,399	$	137



	Three Months Ended			Six Months Ended
	June 30, 2014			June 30, 2014
(Dollars in millions)	Number of Contracts	Total Loans		Number of Contracts	Total Loans
Credit Card:
Domestic credit card	9,559	$	15	20,620	$	31
International credit card⁽¹⁾	9,883	30		20,404	60
Total credit card	19,442	45		41,024	91
Consumer Banking:
Auto	1,651	18		2,973	31
Home loan	4	0		10	2
Retail banking	15	2		40	9
Total consumer banking	1,670	20		3,023	42
Commercial Banking:
Commercial and multifamily real estate	1	0		4	6
Commercial and industrial	1	1		2	1
Total commercial lending	2	1		6	7
Small-ticket commercial real estate	2	1		8	3
Total commercial banking	4	2		14	10
Total	21,116	$	67	44,061	$	143

_______________


⁽¹⁾	The regulatory regime in the U.K. requires U.K. credit card businesses to accept payment plan proposals even when the proposed payments are less than the contractual minimum amount. As a result, loans entering long-term TDR payment programs in the U.K. typically continue to age and ultimately charge-off even when fully in compliance with the TDR program terms.

Acquired Loans Accounted for Based on Expected Cash Flows

Outstanding Balance and Carrying Value of Acquired Loans

The table below presents the outstanding balance and the carrying value of loans from the ING Direct, CCB and 2012 U.S. card acquisitions accounted for based on expected cash flows as of June 30, 2015 and December 31, 2014. The table separately displays loans considered credit-impaired at acquisition and loans not considered credit-impaired at acquisition.

Table 4.12: Acquired Loans Accounted for Based on Expected Cash Flows



	June 30, 2015						December 31, 2014
(Dollars in millions)	Total		Impaired Loans		Non-Impaired Loans		Total		Impaired Loans		Non-Impaired Loans
Outstanding balance	$	22,604	$	4,006	$	18,598	$	25,201	$	4,279	$	20,922
Carrying value⁽¹⁾	20,974		2,699		18,275		23,519		2,882		20,637

__________


⁽¹⁾	Includes $34 million and $27 million of allowance for loan and lease losses for these loans as of June 30, 2015 and December 31, 2014, respectively. We recorded a $7 million provision and a $6 million release of the allowance for credit losses for the six months ended June 30, 2015 and 2014, respectively, for certain pools of Acquired Loans.

Changes in Accretable Yield

The following table presents changes in the accretable yield on loans related to the CCB, ING Direct, and 2012 U.S. card acquisitions:

Table 4.13: Changes in Accretable Yield on Acquired Loans



	Three Months Ended June 30, 2015									Six Months Ended June 30, 2015
(Dollars in millions)	Total Loans			Impaired Loans			Non-Impaired Loans			Total Loans			Impaired Loans			Non-Impaired Loans
Accretable yield, beginning of period	$	4,561		$	1,527		$	3,034		$	4,653		$	1,485		$	3,168
Accretion recognized in earnings	(208		)	(70		)	(138		)	(445		)	(157		)	(288		)
Reclassifications from (to) nonaccretable difference for loans with changing cash flows⁽¹⁾	(1		)	0			(1		)	34			45			(11		)
Changes in accretable yield for non-credit related changes in expected cash flows⁽²⁾	(355		)	(45		)	(310		)	(245		)	39			(284		)
Accretable yield, end of period	$	3,997		$	1,412		$	2,585		$	3,997		$	1,412		$	2,585

__________


⁽¹⁾	Represents changes in accretable yield for those loans in pools that are driven primarily by credit performance.


⁽²⁾	Represents changes in accretable yield for those loans in pools that are driven primarily by changes in actual and estimated prepayments.

Unfunded Lending Commitments

We manage the potential risk in credit commitments by limiting the total amount of arrangements, both by individual customer and in total, by monitoring the size and maturity structure of these portfolios and by applying the same credit standards for all of our credit activities. Unused credit card lines available to our customers totaled $306.5 billion and $292.9 billion as of June 30, 2015 and December 31, 2014, respectively. While these amounts represented the total available unused credit card lines, we have not experienced and do not anticipate that all of our customers will access their entire available line at any given point in time.

In addition to available unused credit card lines, we enter into commitments to extend credit that are legally binding conditional agreements having fixed expirations or termination dates and specified interest rates and purposes. These commitments generally require customers to maintain certain credit standards. Collateral requirements and loan-to-value (“LTV”) ratios are the same as those for funded transactions and are established based on management’s credit assessment of the customer. These commitments may expire without being drawn upon; therefore, the total commitment amount does not necessarily represent future funding requirements. The outstanding unfunded commitments to extend credit, other than credit card lines, were approximately $23.8 billion and $24.5 billion, which included $1.2 billion and $924 million advised lines of credit as of June 30, 2015 and December 31, 2014, respectively. Advised lines of credit are not considered legally binding commitments as funding is subject to our satisfactory evaluation of the customer at the time credit is requested.

Allowance for Loan and Lease Losses

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable, Allowance [Abstract]

Allowance for Loans and Lease Losses

NOTE 5—ALLOWANCE FOR LOAN AND LEASE LOSSES

Our allowance for loan and lease losses represents management’s best estimate of incurred loan and lease losses inherent in our loans held for investment portfolio as of each balance sheet date. In addition to the allowance for loan and lease losses, we also estimate probable losses related to unfunded lending commitments, such as letters of credit, financial guarantees, and binding unfunded loan commitments. The provision for unfunded lending commitments is included in the provision for credit losses in our consolidated statements of income and the related reserve for unfunded lending commitments is included in other liabilities on our consolidated balance sheets. See “Note 1—Summary of Significant Accounting Policies” of our 2014 Form 10-K for further discussion on the methodology and policy for determining our allowance for loan and lease losses for each of our loan portfolio segments.

Allowance for Loan and Lease Losses Activity

The allowance for loan and lease losses is increased through the provision for credit losses and reduced by net charge-offs. The provision for credit losses, which is recorded in earnings, reflects credit losses we believe have been incurred and will eventually be reflected over time in our net charge-offs. Charge-offs of uncollectible amounts are deducted from the allowance for loan and lease losses and subsequent recoveries are included.

We have certain credit card partnership arrangements in which our partner agrees to share in a portion of the credit losses associated with the partnership. The loss sharing amounts due from these partners resulted in reductions in reported charge-offs of $45 million and $39 million for the three months ended June 30, 2015 and 2014, respectively, and $89 million and $81 million for the six months ended June 30, 2015 and 2014, respectively, and reductions in the provision for loan and lease losses of $62 million and $46 million for the three months ended June 30, 2015 and 2014, respectively, and $119 million and $81 million for the six months ended June 30, 2015 and 2014, respectively. The expected reimbursement from these partners, which is netted against our allowance for loan and lease losses, was approximately $173 million and $143 million as of June 30, 2015 and December 31, 2014, respectively. See “Note 1—Summary of Significant Accounting Policies” of our 2014 Form 10-K for further discussion on our card partnership agreements.

The table below summarizes changes in the allowance for loan and lease losses, by portfolio segment, for the three and six months ended June 30, 2015 and 2014.

Table 5.1: Allowance for Loan and Lease Losses



	Three Months Ended June 30, 2015
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of March 31, 2015	$	3,130		$	697		$	68		$	61		$	826		$	444		$	5		$	4,405		$	121	$	4,526
Provision for credit losses	895			168			0			17			185			35			0			1,115			14		1,129
Charge-offs	(988		)	(203		)	(5		)	(17		)	(225		)	(11		)	(2		)	(1,226		)	0		(1,226		)
Recoveries	285			82			2			5			89			4			2			380			0		380
Net charge-offs	(703		)	(121		)	(3		)	(12		)	(136		)	(7		)	0			(846		)	0		(846		)
Other changes⁽²⁾	2			0			0			0			0			0			0			2			0		2
Balance as of June 30, 2015	$	3,324		$	744		$	65		$	66		$	875		$	472		$	5		$	4,676		$	135	$	4,811



	Six Months Ended June 30, 2015
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of December 31, 2014	$	3,204		$	661		$	62		$	56		$	779		$	395		$	5		$	4,383		$	113	$	4,496
Provision for credit losses	1,564			352			8			31			391			87			0			2,042			22		2,064
Charge-offs	(2,010		)	(436		)	(9		)	(30		)	(475		)	(20		)	(5		)	(2,510		)	0		(2,510		)
Recoveries	588			167			4			9			180			10			5			783			0		783
Net charge-offs	(1,422		)	(269		)	(5		)	(21		)	(295		)	(10		)	0			(1,727		)	0		(1,727		)
Other changes⁽²⁾	(22		)	0			0			0			0			0			0			(22		)	0		(22		)
Balance as of June 30, 2015	$	3,324		$	744		$	65		$	66		$	875		$	472		$	5		$	4,676		$	135	$	4,811



	Three Months Ended June 30, 2014
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of March 31, 2014	$	2,984		$	608		$	72		$	64		$	744		$	362		$	8		$	4,098		$	99	$	4,197
Provision (benefit) for credit losses	549			145			0			(2		)	143			9			0			701			3		704
Charge-offs	(995		)	(183		)	(8		)	(14		)	(205		)	(8		)	(4		)	(1,212		)	0		(1,212		)
Recoveries	310			72			3			8			83			5			2			400			0		400
Net charge-offs	(685		)	(111		)	(5		)	(6		)	(122		)	(3		)	(2		)	(812		)	0		(812		)
Other changes⁽²⁾	10			0			0			0			0			0			1			11			0		11
Balance as of June 30, 2014	$	2,858		$	642		$	67		$	56		$	765		$	368		$	7		$	3,998		$	102	$	4,100



	Six Months Ended June 30, 2014
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of December 31, 2013	$	3,214		$	606		$	83		$	63		$	752		$	338		$	11		$	4,315		$	87	$	4,402
Provision (benefit) for credit losses	1,107			281			(6		)	8			283			37			(3		)	1,424			15		1,439
Charge-offs	(2,090		)	(388		)	(19		)	(29		)	(436		)	(15		)	(6		)	(2,547		)	0		(2,547		)
Recoveries	625			143			9			14			166			8			5			804			0		804
Net charge-offs	(1,465		)	(245		)	(10		)	(15		)	(270		)	(7		)	(1		)	(1,743		)	0		(1,743		)
Other changes⁽²⁾	2			0			0			0			0			0			0			2			0		2
Balance as of June 30, 2014	$	2,858		$	642		$	67		$	56		$	765		$	368		$	7		$	3,998		$	102	$	4,100

_________


⁽¹⁾	Other consists of our discontinued GreenPoint mortgage operations loan portfolio and our community redevelopment loan portfolio.


⁽²⁾	Represents foreign currency translation adjustments and the net impact of loan transfers and sales.

Components of Allowance for Loan and Lease Losses by Impairment Methodology

The table below presents the components of our allowance for loan and lease losses, by portfolio segment and impairment methodology, and the recorded investment of the related loans as of June 30, 2015 and December 31, 2014.

Table 5.2: Components of Allowance for Loan and Lease Losses by Impairment Methodology



	June 30, 2015
			Consumer Banking
(Dollars in millions)	Credit Card		Auto		Home Loan		Retail Banking		Total Consumer Banking		Commercial Banking		Other		Total
Allowance for loan and lease losses:
Collectively evaluated⁽¹⁾	$	3,118	$	723	$	17	$	55	$	795	$	399	$	5	$	4,317
Asset-specific⁽²⁾	206		21		15		11		47		72		0		325
Acquired Loans⁽³⁾	0		0		33		0		33		1		0		34
Total allowance for loan and lease losses	$	3,324	$	744	$	65	$	66	$	875	$	472	$	5	$	4,676
Loans held for investment:
Collectively evaluated⁽¹⁾	$	86,533	$	39,737	$	6,453	$	3,496	$	49,686	$	50,403	$	95	$	186,717
Asset-specific⁽²⁾	670		254		363		57		674		674		0		2,018
Acquired Loans⁽³⁾	0		0		20,779		37		20,816		154		0		20,970
Total loans held for investment	$	87,203	$	39,991	$	27,595	$	3,590	$	71,176	$	51,231	$	95	$	209,705
Allowance as a percentage of period-end loans held for investment	3.81%		1.86%		0.24%		1.86%		1.23%		0.92%		5.13%		2.23%



	December 31, 2014
			Consumer Banking
(Dollars in millions)	Credit Card		Auto		Home Loan		Retail Banking		Total Consumer Banking		Commercial Banking		Other		Total
Allowance for loan and lease losses:
Collectively evaluated⁽¹⁾	$	2,985	$	642	$	18	$	50	$	710	$	356	$	5	$	4,056
Asset-specific⁽²⁾	219		19		17		6		42		39		0		300
Acquired Loans⁽³⁾	0		0		27		0		27		0		0		27
Total allowance for loan and lease losses	$	3,204	$	661	$	62	$	56	$	779	$	395	$	5	$	4,383
Loans held for investment:
Collectively evaluated⁽¹⁾	$	85,161	$	37,594	$	6,427	$	3,486	$	47,507	$	50,328	$	111	$	183,107
Asset-specific⁽²⁾	692		230		367		50		647		370		0		1,709
Acquired Loans⁽³⁾	23		0		23,241		44		23,285		192		0		23,500
Total loans held for investment	$	85,876	$	37,824	$	30,035	$	3,580	$	71,439	$	50,890	$	111	$	208,316
Allowance as a percentage of period-end loans held for investment	3.73%		1.75%		0.21%		1.58%		1.09%		0.78%		4.68%		2.10%

__________

⁽¹⁾

The component of the allowance for loan and lease losses for credit card and other consumer loans that we collectively evaluate for impairment is based on a statistical calculation supplemented by management judgment and interpretation. The component of the allowance for loan and lease losses for commercial loans, which we collectively evaluate for impairment, is based on historical loss experience for loans with similar characteristics and consideration of credit quality supplemented by management judgment and interpretation.


⁽²⁾	The asset-specific component of the allowance for loan and lease losses for smaller-balance impaired loans is calculated on a pool basis using historical loss experience for the respective class of assets. The asset-specific component of the allowance for loan and lease losses for larger-balance commercial loans is individually calculated for each loan.


⁽³⁾	The Acquired Loans component of the allowance for loan and lease losses is accounted for based on expected cash flows. See “Note 1—Summary of Significant Accounting Policies” in our 2014 Form 10-K for details on these loans.

Variable Interest Entities and Securitizations

6 Months Ended

Jun. 30, 2015

Variable Interest Entities and Securitization [Abstract]

Variable Interest Entities and Securitizations

NOTE 6—VARIABLE INTEREST ENTITIES AND SECURITIZATIONS

In the normal course of business, we enter into various types of transactions with entities that are considered to be VIEs. Our primary involvement with VIEs has been related to our securitization transactions in which we transferred assets from our balance sheet to securitization trusts. We have primarily securitized credit card loans and home loans, which have provided a source of funding for us and enabled us to transfer a certain portion of the economic risk of the loans or debt securities to third parties.

The entity that has a controlling financial interest in a VIE is referred to as the primary beneficiary and is required to consolidate the VIE. The majority of the VIEs in which we are involved have been consolidated in our financial statements.

Summary of Consolidated and Unconsolidated VIEs

The table below presents a summary of VIEs, aggregated based on VIEs with similar characteristics, in which we had continuing involvement or held a variable interest as of June 30, 2015 and December 31, 2014. We separately present information for consolidated and unconsolidated VIEs.

For consolidated VIEs, we present the carrying amount of assets and liabilities reflected on our consolidated balance sheets. The assets of consolidated VIEs primarily consist of cash and loans, which we report on our consolidated balance sheets under restricted cash and restricted loans, respectively. The assets of a particular VIE are the primary source of funds to settle its obligations. The creditors of the VIEs typically do not have recourse to the general credit of the Company. The liabilities primarily consist of debt securities issued by the VIEs, which we report under securitized debt obligations. For unconsolidated VIEs, we present the carrying amount of assets and liabilities reflected on our consolidated balance sheets and our maximum exposure to loss. Our maximum exposure to loss is estimated based on the unlikely event that all of the assets in the VIEs become worthless and we are required to meet our maximum remaining funding obligations.

Table 6.1: Carrying Amount of Consolidated and Unconsolidated VIEs



	June 30, 2015
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:
Credit card loan securitizations⁽¹⁾	$	34,551	$	14,500	$	0	$	0	$	0
Home loan securitizations⁽²⁾	0		0		220		29		886
Total securitization-related VIEs	34,551		14,500		220		29		886
Other VIEs:
Affordable housing entities	0		0		3,633		501		3,633
Entities that provide capital to low-income and rural communities	385		100		0		0		0
Other	0		0		65		0		65
Total other VIEs	385		100		3,698		501		3,698
Total VIEs	$	34,936	$	14,600	$	3,918	$	530	$	4,584



	December 31, 2014
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:
Credit card loan securitizations⁽¹⁾	$	36,779	$	12,350	$	0	$	0	$	0
Home loan securitizations⁽²⁾	0		0		221		31		876
Total securitization-related VIEs	36,779		12,350		221		31		876
Other VIEs:
Affordable housing entities	0		0		3,500		488		3,500
Entities that provide capital to low-income and rural communities	374		99		1		0		1
Other	4		0		74		0		74
Total other VIEs	378		99		3,575		488		3,575
Total VIEs	$	37,157	$	12,449	$	3,796	$	519	$	4,451

__________


⁽¹⁾	Represents the gross amount of assets and liabilities owned by the VIE, which includes the seller’s interest and retained and repurchased notes held by other related parties.

⁽²⁾

The carrying amount of assets of unconsolidated securitization-related VIEs consists of retained interests associated with the securitization of option-adjustable rate mortgage loans (“option-ARM”) and letters of credit related to manufactured housing securitizations. These are reported on our consolidated balance sheets under other assets. The carrying amount of liabilities of unconsolidated securitization-related VIEs is comprised of obligations on certain swap agreements associated with the securitization of manufactured housing loans and other obligations. These are reported on our consolidated balance sheets under other liabilities.

Securitization-Related VIEs

In a securitization transaction, assets from our balance sheet are transferred to a trust we establish, which typically meets the definition of a VIE. Our continuing involvement in the majority of our securitization transactions consists primarily of holding certain retained interests and acting as the primary servicer. We have the option to repurchase receivables from the trust if the outstanding balance of the receivables falls to a level where the cost exceeds the benefit of servicing such receivables. In some cases, we are contractually required to exercise the repurchase option if the primary servicer fails to do so. We also may have exposure associated with contractual obligations to repurchase previously transferred loans due to breaches of representations and warranties. See “Note 14—Commitments, Contingencies, Guarantees and Others” for information related to reserves we have established for our mortgage representation and warranty exposure.

The table below presents the securitization-related VIEs in which we had continuing involvement as of June 30, 2015 and December 31, 2014.

Table 6.2: Continuing Involvement in Securitization-Related VIEs

Non-Mortgage

Mortgage

(Dollars in millions)

Credit

Card

Option-

ARM

GreenPoint

HELOCs

GreenPoint

Manufactured

Housing

June 30, 2015:

Securities held by third-party investors

13,785

1,888

836

Receivables in the trust

34,298

1,952

842

Cash balance of spread or reserve accounts

N/A

139

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

⁽²⁾

Amortization event⁽³⁾

December 31, 2014:

Securities held by third-party investors

11,624

2,026

887

Receivables in the trust

36,545

2,094

893

Cash balance of spread or reserve accounts

N/A

143

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

⁽²⁾

Amortization event⁽³⁾

__________


⁽¹⁾	We retained servicing of the outstanding balance for a portion of securitized mortgage receivables.


⁽²⁾	The core servicing activities for the manufactured housing securitizations are completed by a third party.


⁽³⁾	Amortization events vary according to each specific trust agreement but generally are triggered by declines in performance or credit metrics, such as net charge-off rates or delinquency rates below certain predetermined thresholds. Generally, the occurrence of an amortization event changes the sequencing and amount of trust-related cash flows to the benefit of senior noteholders.

Non-Mortgage Securitizations

As of June 30, 2015 and December 31, 2014, we were deemed to be the primary beneficiary of all of our non-mortgage securitization trusts. Accordingly, all of these trusts have been consolidated in our financial statements.

Mortgage Securitizations

Option-ARM Loans

We had previously securitized option-ARM loans by transferring the mortgage loans to securitization trusts that had issued mortgage-backed securities to investors. The outstanding balance of debt securities held by third-party investors related to our mortgage loan securitization trusts was $1.9 billion and $2.0 billion as of June 30, 2015 and December 31, 2014, respectively.

We continue to service a portion of the outstanding balance of securitized mortgage receivables. We also retain rights to future cash flows arising from the receivables, the most significant being certificated interest-only bonds issued by the trusts. We generally estimate the fair value of these retained interests based on the estimated present value of expected future cash flows from securitized and sold receivables, using our best estimates of the key assumptions which include credit losses, prepayment speeds and discount rates commensurate with the risks involved. For the trusts that we continue to service, we do not consolidate these entities because we do not have the right to receive benefits nor the obligation to absorb losses that could potentially be significant to the trusts. For the remaining trusts, for which we no longer service the underlying mortgage loans, we do not consolidate these entities since we do not have the power to direct the activities that most significantly impact the economic performance of the trusts.

In connection with the securitization of certain option-ARM loans, a third party is obligated to advance a portion of any “negative amortization” resulting from monthly payments that are less than the interest accrued for that payment period. We have an agreement in place with the third party that mirrors this advance requirement. The amount advanced is tracked through mortgage-backed securities retained as part of the securitization transaction. As advances occur, we record an asset in the form of negative amortization bonds, which are held at fair value in other assets on our consolidated balance sheets. Our maximum exposure is affected by rate caps and monthly payment change caps, but the funding obligation cannot exceed the difference between the original loan balance multiplied by a preset negative amortization cap and the current unpaid principal balance.

We have also entered into certain derivative contracts related to the securitization activities. These are classified as free-standing derivatives, with fair value adjustments recorded in non-interest income in our consolidated statements of income. See “Note 9—Derivative Instruments and Hedging Activities” for further details on these derivatives.

GreenPoint Mortgage Home Equity Lines of Credit (“HELOCs”)

Our discontinued wholesale mortgage banking unit, GreenPoint, previously sold HELOCs in whole loan sales and subsequently acquired residual interests in certain trusts which securitized some of those loans. We do not consolidate these trusts because we either lack the power to direct the activities that most significantly impact the economic performance of the trusts or because we do not have the right to receive benefits or the obligation to absorb losses that could potentially be significant to the trusts. As the residual interest holder, GreenPoint is required to fund advances on the HELOCs when certain performance triggers are met due to deterioration in asset performance. On behalf of GreenPoint, we have funded cumulative advances of $30 million as of both June 30, 2015 and December 31, 2014. These advances are generally expensed as funded due to the low likelihood of recovery. We also have unfunded commitments of $6 million related to those interests for our non-consolidated VIEs as of both June 30, 2015 and December 31, 2014.

GreenPoint Credit Manufactured Housing

We retain the primary obligation for certain provisions of corporate guarantees, recourse sales and clean-up calls related to the discontinued manufactured housing operations of GreenPoint Credit, LLC, which was a subsidiary of GreenPoint and was sold to a third party in 2004. Although we are the primary obligor, recourse obligations related to aforementioned whole loan sales, commitments to exercise mandatory clean-up calls on certain securitization transactions and servicing were transferred to a third party in the sale transaction. We do not consolidate the trusts used for the securitization of manufactured housing loans because we do not have the power to direct the activities that most significantly impact the economic performance of the trusts since we no longer service the loans.

We were required to fund letters of credit in 2004 to cover losses and are obligated to fund future amounts under swap agreements for certain transactions. We have the right to receive any funds remaining in the letters of credit after the securities are released.

The unpaid principal balance of manufactured housing securitization transactions where we are the residual interest holder was $842 million and $893 million as of June 30, 2015 and December 31, 2014, respectively. In the event the third-party servicer does not fulfill its obligation to exercise the clean-up calls on certain transactions, the obligation reverts to us and we would assume approximately $420 million of loans receivable upon our execution of the clean-up call with the requirement to absorb any losses on the loans receivable.

We monitor the underlying assets for trends in delinquencies and related losses and review the purchaser’s financial strength as well as servicing performance. These factors are considered in assessing the adequacy of the liabilities established for these obligations and the valuations of the assets.

Other VIEs

Affordable Housing Entities

As part of our community reinvestment initiatives, we invest in private investment funds that make equity investments in multi-family affordable housing properties. We receive affordable housing tax credits for these investments. The activities of these entities are financed with a combination of invested equity capital and debt.

We account for certain of our investments in qualified affordable housing projects using the proportional amortization method if certain criteria are met. The proportional amortization method amortizes the cost of the investment over the period in which the investor expects to receive tax credits and other tax benefits, and the resulting amortization is recognized as a component of income tax expense attributable to continuing operations. For the six months ended June 30, 2015 and 2014, we recognized amortization of $172 million and $144 million, respectively, and tax credits of $191 million and $178 million, respectively, associated with these investments within income tax provision. The carrying value of our investments in these qualified affordable housing projects was $3.3 billion and $3.2 billion as of June 30, 2015 and December 31, 2014, respectively. We are periodically required to provide additional financial or other support during the period of the investments. We had a recorded liability of $1.3 billion for these unfunded commitments as of June 30, 2015, which is expected to be paid from 2015 to 2018.

For those investment funds considered to be VIEs, we are not required to consolidate them if we do not have the power to direct the activities that most significantly impact the economic performance of those entities. We record our interests in these unconsolidated VIEs in loans held for investment, other assets and other liabilities on our consolidated balance sheets. Our interests consisted of assets of approximately $3.6 billion and $3.5 billion as of June 30, 2015 and December 31, 2014, respectively. Our maximum exposure to these entities is limited to our variable interests in the entities of $3.6 billion and $3.5 billion as of June 30, 2015 and December 31, 2014, respectively. The creditors of the VIEs have no recourse to our general credit and we do not provide additional financial or other support other than during the period that we are contractually required to provide. The total assets of the unconsolidated VIE investment funds was $10.8 billion and $10.2 billion as of June 30, 2015 and December 31, 2014, respectively.

Entities that Provide Capital to Low-Income and Rural Communities

We hold variable interests in entities (“Investor Entities”) that invest in community development entities (“CDEs”) that provide debt financing to businesses and non-profit entities in low-income and rural communities. Variable interests in the CDEs held by the consolidated Investor Entities are also our variable interests. The activities of the Investor Entities are financed with a combination of invested equity capital and debt. The activities of the CDEs are financed solely with invested equity capital. We receive federal and state tax credits for these investments. We consolidate the VIEs in which we have the power to direct the activities that most significantly impact the VIE’s economic performance and where we have the obligation to absorb losses or right to receive benefits that could be potentially significant to the VIE. We have also consolidated other investments and CDEs that are not considered to be VIEs, but where we hold a controlling financial interest. The assets of the VIEs that we consolidated, which totaled approximately $385 million and $374 million as of June 30, 2015 and December 31, 2014, respectively, are reflected on our consolidated balance sheets in cash, loans held for investment, interest receivable and other assets. The liabilities are reflected in other liabilities. The creditors of the VIEs have no recourse to our general credit. We have not provided additional financial or other support other than during the period that we are contractually required to provide.

Other

Other VIEs include a variable interest that we hold in a trust that has a royalty interest in certain oil and gas properties. The activities of the trust are financed solely with debt. The total assets of the trust were $139 million and $159 million as of June 30, 2015 and December 31, 2014, respectively. We were not required to consolidate the trust because we do not have the power to direct the activities that most significantly impact the trust’s economic performance. Our maximum exposure to this entity is limited to our retained interest of $65 million and $74 million as of June 30, 2015 and December 31, 2014, respectively. The creditors of the trust have no recourse to our general credit. We have not provided additional financial or other support other than during the period that we are contractually required to provide.

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 7—GOODWILL AND INTANGIBLE ASSETS

The table below displays the components of goodwill, intangible assets and Mortgage Servicing Rights (“MSRs”) as of June 30, 2015 and December 31, 2014. Goodwill is presented separately on our consolidated balance sheets. Intangible assets and MSRs are included in other assets on our consolidated balance sheets.

Table 7.1: Components of Goodwill, Intangible Assets and MSRs



	June 30, 2015							December 31, 2014
(Dollars in millions)	Carrying Amount of Assets⁽¹⁾		Accumulated Amortization⁽¹⁾			Net Carrying Amount		Carrying Amount of Assets⁽¹⁾		Accumulated Amortization⁽¹⁾			Net Carrying Amount
Goodwill	$	13,984	N/A			$	13,984	$	13,978	N/A			$	13,978
Intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	2,156		$	(1,315	)	841		2,124		$	(1,152	)	972
Core deposit intangibles	1,771		(1,620		)	151		1,771		(1,569		)	202
Other⁽²⁾	239		(121		)	118		300		(158		)	142
Total intangible assets	4,166		(3,056		)	1,110		4,195		(2,879		)	1,316
Total goodwill and intangible assets	$	18,150	$	(3,056	)	$	15,094	$	18,173	$	(2,879	)	$	15,294
MSRs:
Consumer MSRs⁽³⁾	$	65	N/A			$	65	$	53	N/A			$	53
Commercial MSRs⁽⁴⁾	195		$	(36	)	159		171		$	(24	)	147
Total MSRs	$	260	$	(36	)	$	224	$	224	$	(24	)	$	200

__________


⁽¹⁾	Certain intangible assets that were fully amortized in prior periods were removed from our consolidated balance sheets.


⁽²⁾	Primarily consists of brokerage relationship intangibles, partnership and other contract intangibles and trade name intangibles. Also includes certain indefinite-lived intangibles of $4 million as of both June 30, 2015 and December 31, 2014.


⁽³⁾	Represents MSRs related to our Consumer Banking business that are carried at fair value on our consolidated balance sheets.


⁽⁴⁾	Represents MSRs related to our Commercial Banking business that are subsequently measured under the amortization method and periodically assessed for impairment.

Amortization expense for amortizable intangible assets, which is presented separately in our consolidated statements of income, totaled $111 million and $221 million for the three and six months ended June 30, 2015, respectively, and $136 million and $279 million for the three and six months ended June 30, 2014, respectively.

Goodwill

The following table presents goodwill attributable to each of our business segments as of June 30, 2015 and December 31, 2014.

Table 7.2: Goodwill Attributable to Business Segments



(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Balance as of December 31, 2014	$	5,001	$	4,593	$	4,384	$	13,978
Acquisitions	0		5		0		5
Other adjustments	1		0		0		1
Balance as of June 30, 2015	$	5,002	$	4,598	$	4,384	$	13,984

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Deposits and Borrowings

6 Months Ended

Jun. 30, 2015

Deposits and Borrowings [Abstract]

Deposits and Borrowings

NOTE 8—DEPOSITS AND BORROWINGS

Deposits

Our deposits, which are our largest source of funding for our asset growth and operations, consist of non-interest bearing and interest-bearing deposits, which include checking accounts, money market deposit accounts, negotiable order of withdrawals, savings deposits and time deposits.

Securitized and Unsecured Debt Obligations

We use a variety of funding sources other than deposits, including short-term borrowings, the issuance of senior and subordinated notes and other borrowings, and securitization transactions. In addition, we utilize Federal Home Loan Banks (“FHLB”) advances, which are secured by certain portions of our loan and investment securities portfolios, for our funding needs. The securitized debt obligations are separately presented on our consolidated balance sheets, while federal funds purchased and securities loaned or sold under agreements to repurchase, senior and subordinated notes and other borrowings, including FHLB advances, are included in other debt on our consolidated balance sheets.

Securitized Debt Obligations

Our outstanding borrowings due to securitization investors were $13.8 billion and $11.6 billion as of June 30, 2015 and December 31, 2014, respectively. During the first six months of 2015, $2.3 billion of new debt was issued to third-party investors from our loan securitization trusts, offset by $175 million of debt maturities.

Senior and Subordinated Notes

As of June 30, 2015, we had $20.0 billion of senior and subordinated notes outstanding, net of fair value hedging losses of $103 million. As of December 31, 2014, we had $18.7 billion of senior and subordinated notes outstanding, net of fair value hedging losses of $179 million. During the first six months of 2015, we issued $3.0 billion of long-term senior unsecured debt, comprised of $400 million of floating rate notes and $2.6 billion of fixed rate notes. During the first six months of 2015, $1.6 billion of outstanding unsecured notes matured. See “Note 9—Derivative Instruments and Hedging Activities” for information about our fair value hedging activities.

FHLB Advances and Other

In addition to the issuance capacity under the registration statement, we also have access to funding through the FHLB system and the Federal Reserve Discount Window. Our FHLB and Federal Reserve memberships require us to hold FHLB and Federal Reserve stock which totaled $1.6 billion and $2.0 billion as of June 30, 2015 and December 31, 2014, respectively, and are included in other assets on our consolidated balance sheets.

We had outstanding FHLB advances and lines of credit, which were secured by our investment securities, residential home loans, multifamily real estate loans, commercial real estate loans and HELOCs, totaling $10.1 billion and $17.3 billion as of June 30, 2015 and December 31, 2014, respectively. We did not access the Federal Reserve Discount Window for funding during 2015 or 2014.

Composition of Deposits, Short-Term Borrowings and Long-Term Debt

The table below summarizes the components of our deposits, short-term borrowings and long-term debt as of June 30, 2015 and December 31, 2014. Our total short-term borrowings consist of federal funds purchased and securities loaned or sold under agreements to repurchase and other short-term borrowings with an original contractual maturity of one year or less. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The amounts presented for outstanding borrowings include unamortized debt premiums and discounts, net of fair value hedge accounting adjustments.

Table 8.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt



(Dollars in millions)	June 30, 2015		December 31, 2014
Deposits:
Non-interest bearing deposits	$	25,123	$	25,081
Interest-bearing deposits	183,657		180,467
Total deposits	$	208,780	$	205,548
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1,888	$	880
FHLB advances	0		16,200
Total short-term borrowings	$	1,888	$	17,080



	June 30, 2015
(Dollars in millions)	Maturity Dates	Interest Rates	Weighted- Average Interest Rate	Outstanding Amount		December 31, 2014
Long-term debt:
Securitized debt obligations⁽¹⁾	2015 - 2025	0.23 - 5.75%	1.37%	$	13,785	$	11,624
Senior and subordinated notes:⁽¹⁾
Fixed unsecured senior debt	2015 - 2025	1.00 - 6.75%	2.67	16,097		15,174
Floating unsecured senior debt	2015 - 2018	0.73 - 0.96%	0.86	1,280		880
Total unsecured senior debt			2.54	17,377		16,054
Fixed unsecured subordinated debt	2016 - 2023	3.38 - 8.80%	4.97	2,610		2,630
Total senior and subordinated notes				19,987		18,684
Other long-term borrowings:
FHLB advances	2015 - 2025	0.25 - 6.88%	0.28	10,106		1,069
Total long-term debt				43,878		31,377
Total short-term borrowings and long-term debt				$	45,766	$	48,457

___________


⁽¹⁾	Outstanding amount includes the impact from hedge accounting.

Components of Interest Expense

The following table displays interest expense attributable to short-term borrowings and long-term debt for the three and six months ended June 30, 2015 and 2014:

Table 8.2: Components of Interest Expense on Short-Term Borrowings and Long-Term Debt



	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2015		2014		2015		2014
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1	$	1	$	1	$	1
FHLB advances	1		3		9		9
Total short-term borrowings	2		4		10		10
Long-term debt:
Securitized debt obligations⁽¹⁾	36		39		69		77
Senior and subordinated notes⁽¹⁾	80		78		159		155
Other long-term borrowings	10		4		17		10
Total long-term debt	126		121		245		242
Total interest expense on short-term borrowings and long-term debt	$	128	$	125	$	255	$	252

__________


⁽¹⁾	Interest expense includes the impact from hedge accounting.

Derivative Instruments and Hedging Activities

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

NOTE 9—DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Use of Derivatives

We manage our asset and liability positions and market risk exposure in accordance with risk management policies and limits established by our Market and Liquidity Risk Policy which is approved by our Board of Directors. Our primary market risk stems from the impact on our earnings and economic value of equity from changes in interest rates and, to a lesser extent, changes in foreign exchange rates. We employ several techniques to manage our interest rate sensitivity, which include changing the duration and re-pricing characteristics of various assets and liabilities by using interest rate derivatives. Our current asset and liability management policy also includes the use of derivatives to hedge foreign-currency denominated exposures to limit our earnings and capital ratio exposure to foreign exchange risk. We execute our derivative contracts in both the over-the-counter (“OTC”) and exchange-traded derivative markets. The majority of our derivatives are interest rate swaps. In addition, we may use a variety of other derivative instruments, including caps, floors, options, futures and forward contracts, to manage our interest rate and foreign exchange risks. We offer various interest rate and foreign exchange derivatives as an accommodation to our customers as part of our Commercial Banking business but usually offset our exposure through derivative transactions with other counterparties.

Accounting for Derivatives

Our derivatives are designated as either qualifying accounting hedges or free-standing derivatives. Free-standing derivatives primarily consist of customer-accommodation derivatives and economic hedges that do not qualify for hedge accounting. Qualifying accounting hedges are designated as fair value hedges, cash flow hedges or net investment hedges.

•

Fair Value Hedges: We designate derivatives as fair value hedges when they are used to manage our exposure to changes in the fair value of certain financial assets and liabilities, which fluctuate in value as a result of movements in interest rates. Changes in the fair value of derivatives designated as fair value hedges are recorded in earnings together with offsetting changes in the fair value of the hedged item and any resulting ineffectiveness. Our fair value hedges consist of interest rate swaps that are intended to modify our exposure to interest rate risk on various fixed-rate assets and liabilities.

•

Cash Flow Hedges: We designate derivatives as cash flow hedges when they are used to manage our exposure to variability in cash flows related to forecasted transactions. Changes in the fair value of derivatives designated as cash flow hedges are recorded as a component of AOCI, to the extent that the hedge relationships are effective, and amounts are reclassified from AOCI to earnings as the forecasted transactions impact earnings. To the extent that any ineffectiveness exists in the hedge relationships, the amounts are recorded in current period earnings. Our cash flow hedges use interest rate swaps that are intended to hedge the variability in interest payments on some of our variable-rate assets. These hedges have the effect of converting some of our variable-rate assets to a fixed rate. We also have entered into forward foreign currency derivative contracts to hedge our exposure to variability in cash flows related to foreign-currency denominated intercompany borrowings.

•

Net Investment Hedges: We use net investment hedges to manage the foreign currency exposure related to our net investments in foreign operations that have functional currencies other than the U.S. dollar. Changes in the fair value of net investment hedges are recorded in the translation adjustment component of AOCI, offsetting the translation gain or loss from those foreign operations. We execute net investment hedges using foreign exchange forward contracts to hedge the translation exposure of the net investment in our foreign operations.

•

Free-Standing Derivatives: We use free-standing derivatives to hedge the risk of changes in the fair value of residential MSRs, mortgage loan origination and purchase commitments and other interests held. We also categorize our customer accommodation derivatives and the related offsetting contracts as free-standing derivatives. Changes in the fair value of free-standing derivatives are recorded in earnings as a component of other non-interest income.

Balance Sheet Presentation

As of January 1, 2015, we changed our accounting principle to move from a gross basis of presentation to a net basis for presenting qualifying derivative assets and liabilities, as well as the related fair value amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable), for instruments executed with the same counterparty where a right of setoff exists. See additional information in “Note 1—Summary of Significant Accounting Policies.”

The following table summarizes the notional and fair values of our derivative instruments on a gross basis as of June 30, 2015 and December 31, 2014, which are segregated by derivatives that are designated as accounting hedges and those that are not, and are further segregated by type of contract within those two categories. The total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and any associated cash collateral received or paid.

Table 9.1: Derivative Assets and Liabilities at Fair Value



	June 30, 2015								December 31, 2014
	Notional or Contractual Amount		Derivative⁽¹⁾						Notional or Contractual Amount		Derivative⁽¹⁾
(Dollars in millions)	Notional or Contractual Amount		Assets			Liabilities			Notional or Contractual Amount		Assets			Liabilities
Derivatives designated as accounting hedges:
Interest rate contracts:
Fair value hedges	$	27,225	$	470		$	96		$	24,543	$	480		$	39
Cash flow hedges	27,050		355			25			24,450		222			18
Total interest rate contracts	54,275		825			121			48,993		702			57
Foreign exchange contracts:
Cash flow hedges	5,559		93			48			5,546		221			2
Net investment hedges	2,690		0			146			2,476		73			0
Total foreign exchange contracts	8,249		93			194			8,022		294			2
Total derivatives designated as accounting hedges	62,524		918			315			57,015		996			59
Derivatives not designated as accounting hedges:
Interest rate contracts covering:
MSRs⁽²⁾	1,252		7			10			777		10			3
Customer accommodation	28,386		387			243			27,646		413			251
Other interest rate exposures⁽³⁾	2,258		45			13			2,614		33			21
Total interest rate contracts	31,896		439			266			31,037		456			275
Other contracts	597		0			4			593		0			5
Total derivatives not designated as accounting hedges	32,493		439			270			31,630		456			280
Total derivatives	$	95,017	$	1,357		$	585		$	88,645	$	1,452		$	339
Less: netting adjustment⁽⁴⁾			(423		)	(339		)			(624		)	(164		)
Total derivative assets/liabilities			$	934		$	246				$	828		$	175

__________


⁽¹⁾	Derivative assets and liabilities include interest accruals.


⁽²⁾	Includes interest rate swaps and To Be Announced (“TBA”) contracts.


⁽³⁾	Other interest rate exposures include mortgage-related derivatives.


⁽⁴⁾	Represents balance sheet netting of derivative assets and liabilities, and related receivables, payables and cash collateral. See Table 9.2 for further information.

Offsetting of Financial Assets and Liabilities

We execute the majority of our derivative transactions and repurchase agreements under master netting arrangements. Under our existing enforceable master netting arrangements, we generally have the right to offset exposure with the same counterparty. In addition, either counterparty can generally request the net settlement of all contracts through a single payment upon default on, or termination of, any one contract. As of January 1, 2015, the Company changed its accounting principle to begin offsetting derivative assets and liabilities for purposes of balance sheet presentation where a right of setoff exists. As of June 30, 2015 and December 31, 2014, derivative contracts that are executed bilaterally with a counterparty in the OTC market and then novated to and cleared through a central clearing house are not subject to offsetting due to current uncertainty about the legal enforceability of our right of setoff with the clearinghouses.

The following table presents as of June 30, 2015 and December 31, 2014 the gross and net fair values of our derivative assets and liabilities and repurchase agreements, as well as the related offsetting amounts permitted under U.S. GAAP. The table also includes cash and non-cash collateral received or pledged associated with such arrangements. The collateral amounts shown are limited to the extent of the related net derivative fair values or outstanding balances, thus instances of over-collateralization are not shown.

Table 9.2: Offsetting of Financial Assets and Financial Liabilities



	Gross Amounts		Gross Amounts Offset in the Balance Sheet						Net Amounts as Recognized		Securities Collateral Held Under Master Netting Agreements
(Dollars in millions)	Gross Amounts		Financial Instruments			Cash Collateral Received			Net Amounts as Recognized		Securities Collateral Held Under Master Netting Agreements			Net Exposure
As of June 30, 2015
Derivatives assets⁽¹⁾	$	1,357	$	(191	)	$	(232	)	$	934	$	(14	)	$	920
As of December 31, 2014
Derivatives assets⁽¹⁾	$	1,452	$	(101	)	$	(523	)	$	828	$	(80	)	$	748



	Gross Amounts		Gross Amounts Offset in the Balance Sheet						Net Amounts as Recognized		Securities Collateral Pledged Under Master Netting Agreements
(Dollars in millions)	Gross Amounts		Financial Instruments			Cash Collateral Pledged			Net Amounts as Recognized					Net Exposure
As of June 30, 2015
Derivatives liabilities⁽¹⁾	$	585	$	(191	)	$	(148	)	$	246	$	0		$	246
Repurchase agreements⁽²⁾⁽³⁾	969		0			0			969		(969		)	0
As of December 31, 2014
Derivatives liabilities⁽¹⁾	$	339	$	(101	)	$	(63	)	$	175	$	0		$	175
Repurchase agreements⁽²⁾	869		0			0			869		(869		)	0

__________


⁽¹⁾	The gross balances include derivative assets and derivative liabilities as of June 30, 2015 totaling $536 million and $202 million, respectively, related to the centrally cleared derivative contracts. The comparable amounts as of December 31, 2014 totaled $360 million and $127 million, respectively. These contracts were not subject to offsetting as of June 30, 2015 and December 31, 2014.


⁽²⁾	As of June 30, 2015 and December 31, 2014, the Company only had repurchase obligations outstanding and did not have any reverse repurchase receivables.


⁽³⁾	Represents customer repurchase agreements that mature the next business day. As of June 30, 2015, we pledged collateral with a fair value of $989 million under these customer repurchase agreements, all of which were agency RMBS securities.

Credit Risk-Related Contingency Features and Collateral

Certain of our derivatives contracts include provisions requiring that our debt maintain a credit rating of investment grade or above by each of the major credit rating agencies. In the event of a downgrade of our debt credit rating below investment grade, some of our derivatives counterparties would have the right to terminate the derivative contract and close out the existing positions, or demand immediate and ongoing full overnight collateralization on derivative instruments in a net liability position. Certain of our derivatives contracts may also allow, in the event of a downgrade of our debt credit rating of any kind, our derivatives counterparties to demand additional collateralization on such derivatives instruments in a net liability position. We posted $271 million and $87 million of cash collateral as of June 30, 2015 and December 31, 2014, respectively. If our debt credit rating had fallen below investment grade, we would have been required to post $58 million and $65 million of additional collateral as of June 30, 2015 and December 31, 2014, respectively. The fair value of derivatives instruments with credit risk-related contingent features in a net liability position was $3 million and less than $1 million as of June 30, 2015 and December 31, 2014, respectively.

Derivatives Counterparty Credit Risk

Derivatives instruments contain an element of credit risk that arises from the potential failure of a counterparty to perform according to the contractual terms of the contract. Our exposure to derivatives counterparty credit risk, at any point in time, is represented by the fair value of derivatives in a gain position, or derivatives assets, assuming no recoveries of underlying collateral. To mitigate the risk of counterparty default, we enter into legally enforceable master netting agreements and maintain collateral agreements with certain derivative counterparties. We generally enter into these agreements on a bilateral basis with our counterparties; however, since June 2013 we have begun to clear eligible OTC derivatives through a central clearinghouse in accordance with the requirements of the Dodd-Frank Act. These agreements typically provide for the right to offset exposures and require both parties to maintain collateral in the event the fair values of derivative financial instruments exceed established thresholds. We received cash collateral from derivatives counterparties totaling $571 million and $695 million as of June 30, 2015 and December 31, 2014, respectively. We also received securities from derivatives counterparties with a fair value of $16 million and $91 million as of June 30, 2015 and December 31, 2014, respectively, which we have the ability to re-pledge.

We record counterparty credit risk valuation adjustments on our derivative assets to properly reflect the credit quality of the counterparty. We consider collateral and legally enforceable master netting agreements that mitigate our credit exposure to each counterparty in determining the counterparty credit risk valuation adjustment, which may be adjusted in future periods due to changes in the fair value of the derivatives contracts, collateral and creditworthiness of the counterparty. The cumulative counterparty credit risk valuation adjustment recorded on our consolidated balance sheets as a reduction in the derivatives asset balance was $4 million and $5 million as of June 30, 2015 and December 31, 2014, respectively. We also adjust the fair value of our derivatives liabilities to reflect the impact of our own credit quality. We calculate this adjustment by comparing the spreads on our credit default swaps to the discount benchmark curve. The cumulative credit risk valuation adjustment related to our credit quality recorded on our consolidated balance sheets as a reduction in the derivative liability balance was $1 million as of both June 30, 2015 and December 31, 2014.

Income Statement Presentation and AOCI

The following tables summarize the impact of derivatives and the related hedged items in our consolidated statements of income and AOCI.

Fair Value Hedges and Free-Standing Derivatives

The net gains (losses) recognized in earnings related to derivatives in fair value hedging relationships and free-standing derivatives are presented below for the three and six months ended June 30, 2015 and 2014.

Table 9.3: Gains and Losses on Fair Value Hedges and Free-Standing Derivatives



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Derivatives designated as accounting hedges:⁽¹⁾
Fair value interest rate contracts:
(Losses) gains recognized in earnings on derivatives	$	(223	)	$	105		$	(70	)	$	136
Gains (losses) recognized in earnings on hedged items	211			(92		)	63			(115		)
Net fair value hedge ineffectiveness (losses) gains	(12		)	13			(7		)	21
Derivatives not designated as accounting hedges:⁽¹⁾
Interest rate contracts covering:
MSRs	(9		)	6			(3		)	13
Customer accommodation	5			4			9			8
Other interest rate exposures	16			3			18			3
Total interest rate contracts	12			13			24			24
Foreign exchange contracts	0			0			0			1
Other contracts	0			0			(2		)	1
Total gains on derivatives not designated as accounting hedges	12			13			22			26
Net derivative gains recognized in earnings	$	0		$	26		$	15		$	47

__________


⁽¹⁾	Amounts are recorded in our consolidated statements of income in other non-interest income.

Cash Flow and Net Investment Hedges

The table below shows the net gains (losses) related to derivatives designated as cash flow hedges and net investment hedges for the three and six months ended June 30, 2015 and 2014.

Table 9.4: Gains and Losses on Derivatives Designated as Cash Flow Hedges and Net Investment Hedges



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Gains (losses) recorded in AOCI:
Cash flow hedges:
Interest rate contracts	$	(33	)	$	101		$	177		$	146
Foreign exchange contracts	(6		)	(6		)	(11		)	(11		)
Subtotal	(39		)	95			166			135
Net investment hedges:
Foreign exchange contracts	(97		)	0			(22		)	0
Net derivatives (losses) gains recognized in AOCI	$	(136	)	$	95		$	144		$	135
Gains (losses) recorded in earnings:
Cash flow hedges:
Gains (losses) reclassified from AOCI into earnings:
Interest rate contracts⁽¹⁾	$	50		$	30		$	97		$	56
Foreign exchange contracts⁽²⁾	(8		)	(6		)	(12		)	(11		)
Subtotal	42			24			85			45
Gains (losses) recognized in earnings due to ineffectiveness:
Interest rate contracts⁽²⁾	0			0			2			1
Net derivative gains recognized in earnings	$	42		$	24		$	87		$	46

__________


⁽¹⁾	Amounts reclassified are recorded in our consolidated statements of income in interest income or interest expense.


⁽²⁾	Amounts reclassified are recorded in our consolidated statements of income in other non-interest income.

In the next 12 months, we expect to reclassify to earnings net after-tax gains of $166 million currently recorded in AOCI as of June 30, 2015. These amounts will offset the cash flows associated with the hedged forecasted transactions. The maximum length of time over which forecasted transactions were hedged was approximately five years as of June 30, 2015. The amount we expect to reclassify into earnings may change as a result of changes in market conditions and ongoing actions taken as part of our overall risk management strategy.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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+ Details

Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Stockholders' Equity

NOTE 10—STOCKHOLDERS' EQUITY

Preferred Stock

The following table summarizes the Company’s preferred stock issued and outstanding as of June 30, 2015 and December 31, 2014.

Table 10.1: Preferred Stock Issued and Outstanding



								Carrying Value (in millions)
Series	Description	Issuance Date	Redeemable by Issuer Beginning	Per Annum Dividend Rate	Liquidation Preference per Share		Total Shares Outstanding	June 30, 2015		December 31, 2014
Series B⁽¹⁾	6.00% Non-Cumulative	August 20, 2012	September 1, 2017	6.00%	$	1,000	875,000	$	853	$	853
Series C⁽¹⁾	6.25% Non-Cumulative	June 12, 2014	September 1, 2019	6.25	1,000		500,000	484		484
Series D⁽¹⁾	6.70% Non-Cumulative	October 31, 2014	December 1, 2019	6.70	1,000		500,000	485		485
Series E	Fixed-to-Floating Rate Non-Cumulative	May 14, 2015	June 1, 2020	5.55% through 5/31/2020; 3-mo. Libor + 380 bps thereafter	1,000		1,000,000	988		N/A
Total								$	2,810	$	1,822

__________


⁽¹⁾	Ownership is held in the form of depositary shares, each representing a 1/40th interest in a share of fixed rate non-cumulative perpetual preferred stock.

Accumulated Other Comprehensive Income

The following table presents the changes in AOCI by component for the three and six months ended June 30, 2015 and 2014.

Table 10.2: Accumulated Other Comprehensive Income



	Three Months Ended June 30, 2015
(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments ⁽²⁾			Other			Total
AOCI as of March 31, 2015	$	532		$	(801	)	$	172		$	(92	)	$	(23	)	$	(212	)
Other comprehensive (loss) income before reclassifications	(171		)	0			(39		)	35			0			(175		)
Amounts reclassified from AOCI into earnings	5			27			(42		)	0			0			(10		)
Net other comprehensive (loss) income	(166		)	27			(81		)	35			0			(185		)
AOCI as of June 30, 2015	$	366		$	(774	)	$	91		$	(57	)	$	(23	)	$	(397	)



	Six Months Ended June 30, 2015
(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments⁽²⁾			Other			Total
AOCI as of December 31, 2014	$	410		$	(821	)	$	10		$	(8	)	$	(21	)	$	(430	)
Other comprehensive (loss) income before reclassifications	(57		)	0			166			(49		)	(1		)	59
Amounts reclassified from AOCI into earnings	13			47			(85		)	0			(1		)	(26		)
Net other comprehensive (loss) income	(44		)	47			81			(49		)	(2		)	33
AOCI as of June 30, 2015	$	366		$	(774	)	$	91		$	(57	)	$	(23	)	$	(397	)



	Three Months Ended June 30, 2014
(Dollars in millions)	Securities Available for Sale		Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments		Other			Total
AOCI as of March 31, 2014	$	250	$	(884	)	$	(91	)	$	27	$	(12	)	$	(710	)
Other comprehensive income before reclassifications	168		0			95			79		3			345
Amounts reclassified from AOCI into earnings	1		21			(24		)	0		(4		)	(6		)
Net other comprehensive income (loss)	169		21			71			79		(1		)	339
AOCI as of June 30, 2014	$	419	$	(863	)	$	(20	)	$	106	$	(13	)	$	(371	)



	Six Months Ended June 30, 2014
(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments		Other			Total
AOCI as of December 31, 2013	$	106		$	(897	)	$	(110	)	$	40	$	(11	)	$	(872	)
Other comprehensive income before reclassifications	317			0			135			66		3			521
Amounts reclassified from AOCI into earnings	(4		)	34			(45		)	0		(5		)	(20		)
Net other comprehensive income (loss)	313			34			90			66		(2		)	501
AOCI as of June 30, 2014	$	419		$	(863	)	$	(20	)	$	106	$	(13	)	$	(371	)

__________

⁽¹⁾

The amortization of unrealized holding gains or losses reported in AOCI for securities held to maturity will be offset by the amortization of the premium or discount created at the date of transfer from the securities available for sale to securities held to maturity, which occurred at fair value. These unrealized gains or losses will be recorded over the remaining life of the security with no impact on future net income.


⁽²⁾	Includes the impact from hedging instruments designated as net investment hedges.

The following table presents the impacts on net income of amounts reclassified from each component of AOCI for the three and six months ended June 30, 2015 and 2014.

Table 10.3: Reclassifications from AOCI



		Amount Reclassified from AOCI
(Dollars in millions)		Three Months Ended June 30,						Six Months Ended June 30,
AOCI Components	Affected Income Statement Line Item	2015			2014			2015			2014
Securities available for sale:
	Non-interest income	$	(1	)	$	(1	)	$	1		$	12
	Non-interest income - OTTI	(7		)	(1		)	(22		)	(6		)
	(Loss) income from continuing operations before income taxes	(8		)	(2		)	(21		)	6
	Income tax (benefit) provision	(3		)	(1		)	(8		)	2
	Net (loss) income	(5		)	(1		)	(13		)	4
Securities held to maturity:⁽¹⁾
	Non-interest income	(40		)	(33		)	(73		)	(61		)
	Income tax benefit	(13		)	(12		)	(26		)	(27		)
	Net loss	(27		)	(21		)	(47		)	(34		)
Cash flow hedges:
Interest rate contracts:	Interest income	78			48			153			90
Foreign exchange contracts:	Non-interest income	(12		)	(10		)	(19		)	(18		)
	Income from continuing operations before income taxes	66			38			134			72
	Income tax provision	24			14			49			27
	Net income	42			24			85			45



		Amount Reclassified from AOCI
(Dollars in millions)		Three Months Ended June 30,				Six Months Ended June 30,
AOCI Components	Affected Income Statement Line Item	2015		2014		2015		2014
Other:
	Various (pension and other)	1		7		2		8
	Income tax provision	1		3		1		3
	Net income	0		4		1		5
Total reclassifications		$	10	$	6	$	26	$	20

__________


⁽¹⁾	The amortization of unrealized holding gains or losses reported in AOCI for securities held to maturity will be offset by the amortization of the premium or discount created from the transfer into securities held to maturity, which occurred at fair value.

The table below summarizes other comprehensive income activity and the related tax impact for the three and six months ended June 30, 2015 and 2014.

Table 10.4: Other Comprehensive Income (Loss)



	Three Months Ended June 30,
	2015									2014
(Dollars in millions)	Before Tax			Provision (Benefit)			After Tax			Before Tax			Provision (Benefit)			After Tax
Other comprehensive income (loss):
Net unrealized (losses) gains on securities available for sale	$	(259	)	$	(93	)	$	(166	)	$	269		$	100		$	169
Net changes in securities held to maturity	40			13			27			33			12			21
Net unrealized (losses) gains on cash flow hedges	(129		)	(48		)	(81		)	114			43			71
Foreign currency translation adjustments⁽¹⁾	(21		)	(56		)	35			79			0			79
Other	0			0			0			(3		)	(2		)	(1		)
Other comprehensive (loss) income	$	(369	)	$	(184	)	$	(185	)	$	492		$	153		$	339



	Six Months Ended June 30,
	2015									2014
(Dollars in millions)	Before Tax			Provision (Benefit)			After Tax			Before Tax			Provision (Benefit)			After Tax
Other comprehensive income (loss):
Net unrealized (losses) gains on securities available for sale	$	(69	)	$	(25	)	$	(44	)	$	498		$	185		$	313
Net changes in securities held to maturity	73			26			47			61			27			34
Net unrealized gains on cash flow hedges	129			48			81			144			54			90
Foreign currency translation adjustments⁽¹⁾	(62		)	(13		)	(49		)	66			0			66
Other	(4		)	(2		)	(2		)	(4		)	(2		)	(2		)
Other comprehensive income	$	67		$	34		$	33		$	765		$	264		$	501

__________


⁽¹⁾	Includes the impact from hedging instruments designated as net investment hedges.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

Earnings Per Common Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share

NOTE 11—EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share:

Table 11.1: Computation of Basic and Diluted Earnings per Common Share



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars and shares in millions, except per share data)	2015			2014			2015			2014
Basic earnings
Income from continuing operations, net of tax	$	852		$	1,204		$	1,986		$	2,328
Income (loss) from discontinued operations, net of tax	11			(10		)	30			20
Net income	863			1,194			2,016			2,348
Dividends and undistributed earnings allocated to participating securities⁽¹⁾	(4		)	(4		)	(10		)	(9		)
Preferred stock dividends	(29		)	(13		)	(61		)	(26		)
Net income available to common stockholders	$	830		$	1,177		$	1,945		$	2,313

Net income from continuing operations per share	$	1.50		$	2.09		$	3.49		$	4.03
Income (loss) from discontinued operations per share	0.02			(0.02		)	0.06			0.03
Net income per share	$	1.52		$	2.07		$	3.55		$	4.06
Total weighted-average basic shares outstanding	545.6			567.5			548.0			569.2

Diluted earnings⁽²⁾
Net income available to common stockholders	$	830		$	1,177		$	1,945		$	2,313
Net income from continuing operations per share	$	1.48		$	2.06		$	3.45		$	3.97
Income (loss) from discontinued operations per share	0.02			(0.02		)	0.06			0.03
Net income per share	$	1.50		$	2.04		$	3.51		$	4.00

Total weighted-average basic shares outstanding	545.6			567.5			548.0			569.2
Effect of dilutive securities:
Stock options	2.8			2.7			2.7			2.6
Other contingently issuable shares	1.1			1.6			1.3			1.5
Warrants⁽³⁾	2.5			5.8			2.7			5.6
Total effect of dilutive securities	6.4			10.1			6.7			9.7
Total weighted-average diluted shares outstanding	552.0			577.6			554.7			578.9

__________


⁽¹⁾	Includes undistributed earnings allocated to participating securities using the two-class method under the accounting guidance for computing earnings per share.

⁽²⁾

Excluded from the computation of diluted earnings per share were 1.7 million shares related to options with exercise prices ranging from $74.96 to $88.81, and 1.9 million shares related to options with exercise prices ranging from $70.96 to $88.81 for the three and six months ended June 30, 2015, respectively, and 2.8 million shares related to options with exercise prices ranging from $70.96 to $88.81, and 3.7 million shares related to options with exercise prices ranging from $70.96 to $88.81 for the three and six months ended June 30, 2014, respectively, because their inclusion would be anti-dilutive.


⁽³⁾	Represents warrants issued as part of the U.S. Department of Treasury’s Troubled Assets Relief Program (“TARP”). As of June 30, 2015, there were 4.4 million warrants to purchase common stock outstanding, which represents approximately one-third of the warrants issued in the initial offering.

Fair Value Measurement

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurement

NOTE 12—FAIR VALUE MEASUREMENT

Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date (also referred to as an exit price). The fair value accounting guidance provides a three-level fair value hierarchy for classifying financial instruments. This hierarchy is based on the markets in which the assets or liabilities trade and whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. The fair value measurement of a financial asset or liability is assigned a level based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are described below:



Level 1:		Valuation is based on quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2:		Valuation is based on observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities, quoted prices in markets that are not active, or models using inputs that are observable or can be corroborated by observable market data of substantially the full term of the assets or liabilities.
Level 3:		Valuation is generated from techniques that use significant assumptions not observable in the market. Valuation techniques include pricing models, discounted cash flow methodologies or similar techniques.

The accounting guidance for fair value measurements requires that we maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. The accounting guidance provides for the irrevocable option to elect, on a contract-by-contract basis, to measure certain financial assets and liabilities at fair value at inception of the contract and record any subsequent changes in fair value in earnings. We have not made any material fair value option elections as of or for the periods disclosed herein.

Fair Value Governance and Control

We have a governance framework and a number of key controls that are intended to ensure that our fair value measurements are appropriate and reliable. Our governance framework provides for independent oversight and segregation of duties. Our control processes include review and approval of new transaction types, price verification and review of valuation judgments, methods, models, process controls and results. Groups independent of our trading and investing functions, including our Corporate Valuations Group (“CVG”), Fair Value Committee (“FVC”) and Model Validation Group (“MVG”), participate in the review and validation process. The fair valuation governance process is set up in a manner that allows the Chairperson of the FVC to escalate valuation disputes that cannot be resolved by the FVC to a more senior committee called the Valuations Advisory Committee (“VAC”) for resolution. The VAC is chaired by the Chief Financial Officer and includes other members of senior management. The VAC is only required to convene to review escalated valuation disputes and may meet for a general update on the valuation process.

The CVG performs periodic verification of fair value measurements to determine if assigned fair values are reasonable. For example, in cases where we rely on third-party pricing services to obtain fair value measures, we analyze pricing variances among different pricing sources and validate the final price used by comparing the information to additional sources, including dealer pricing indications in transaction results and other internal sources, where necessary. Additional validation procedures performed by the CVG include reviewing (either directly or indirectly through the reasonableness of assigned fair values) valuation inputs and assumptions and monitoring acceptable variances between recommended prices and validation prices. The CVG and the Trade Analytics and Valuation (“TAV”) team perform due diligence reviews of the third-party pricing services by comparing their prices to those from other sources and periodically reviewing research publications. Additionally, when necessary, the CVG and TAV challenge prices from third-party vendors to ensure reasonableness of prices through a pricing challenge process. This may include a request for transparency of the assumptions used by the third party.

The FVC, which includes representation from our Risk Management and Finance functions, is a forum for discussing fair market valuations, related inputs, assumptions, methodologies, as well as variance thresholds, valuation control environments and material risks or concerns related to fair market valuations. Additionally, the FVC is empowered to resolve valuation disputes between the primary valuation providers and the CVG, and provides guidance and oversight to ensure an appropriate valuation control environment. The FVC regularly reviews and approves our valuation methodologies to ensure that our methodologies and practices are consistent with industry standards and adhere to regulatory and accounting guidance. The Chief Financial Officer determines when material issues or concerns regarding valuations shall be raised to the Audit Committee or another delegated committee of the Board of Directors.

We have a model policy, established by an independent Model Risk Office, which governs the validation of models and related supporting documentation to ensure the appropriate use of models for pricing. The MVG is part of the Model Risk Office and validates all models and provides ongoing monitoring of their performance, including the validation and monitoring of the performance of all valuation models.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table displays our assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis as of June 30, 2015 and December 31, 2014:

Table 12.1: Assets and Liabilities Measured at Fair Value on a Recurring Basis



	June 30, 2015
	Fair Value Measurements Using
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	4,438	$	0	$	0	$	4,438
Corporate debt securities guaranteed by U.S. government agencies	0		330		91		421
RMBS	0		26,487		459		26,946
CMBS	0		5,093		170		5,263
Other ABS	0		1,720		7		1,727
Other securities	114		209		18		341
Total securities available for sale	4,552		33,839		745		39,136
Other assets:
Consumer MSRs	0		0		65		65
Derivative assets⁽¹⁾⁽²⁾	4		1,292		61		1,357
Retained interests in securitizations	0		0		220		220
Total assets	$	4,556	$	35,131	$	1,091	$	40,778
Liabilities:
Other liabilities:
Derivative liabilities⁽¹⁾⁽²⁾	$	4	$	554	$	27	$	585
Total liabilities	$	4	$	554	$	27	$	585



	December 31, 2014
	Fair Value Measurements Using
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	4,117	$	1	$	0	$	4,118
Corporate debt securities guaranteed by U.S. government agencies	0		467		333		800
RMBS	0		24,820		561		25,381
CMBS	0		5,291		228		5,519
Other ABS	0		2,597		65		2,662
Other securities	111		899		18		1,028
Total securities available for sale	4,228		34,075		1,205		39,508
Other assets:
Consumer MSRs	0		0		53		53
Derivative assets⁽¹⁾⁽²⁾	4		1,382		66		1,452
Retained interests in securitizations	0		0		221		221
Total assets	$	4,232	$	35,457	$	1,545	$	41,234
Liabilities:
Other liabilities:
Derivative liabilities⁽¹⁾⁽²⁾	$	3	$	293	$	43	$	339
Total liabilities	$	3	$	293	$	43	$	339

__________

⁽¹⁾

As of January 1, 2015, we changed our accounting principle to move from a gross basis of presentation to a net basis, for presenting qualifying derivative assets and liabilities, as well as the related right to reclaim cash collateral or obligation to return cash collateral. See “Note 1—Summary of Significant Accounting Policies” for additional information. Prior period results have been recast to conform to this presentation.

The balances represent gross derivative amounts and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty. The net derivative assets were $934 million and $828 million, and the net derivative liabilities were $246 million and $175 million as of June 30, 2015 and December 31, 2014, respectively. See “Note 9—Derivative Instruments and Hedging Activities” for further information.


⁽²⁾	Does not reflect $3 million and $4 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of June 30, 2015 and December 31, 2014, respectively. Non-performance risk is reflected in other assets and liabilities on the consolidated balance sheets and offset through non-interest income in the consolidated statements of income.

The determination of the classification of financial instruments in the fair value hierarchy is performed at the end of each reporting period. We consider all available information, including observable market data, indications of market liquidity and orderliness, and our understanding of the valuation techniques and significant inputs. Based upon the specific facts and circumstances of each instrument or instrument category, judgments are made regarding the significance of the unobservable inputs to the instruments’ fair value measurement in its entirety. If unobservable inputs are considered significant, the instrument is classified as Level 3. The process for determining fair value using unobservable inputs is generally more subjective and involves a high degree of management judgment and assumptions. During the three and six months ended June 30, 2015 we had minimal movements between Levels 1 and 2.

Level 3 Recurring Fair Value Rollforward

The table below presents a reconciliation for all assets and liabilities measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2015 and 2014. When assets and liabilities are transferred between levels, we recognize the transfer as of the end of the period.

Table 12.2: Level 3 Recurring Fair Value Rollforward



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended June 30, 2015
				Total Gains (Losses) (Realized/Unrealized)																									Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2015⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, April 1, 2015			Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2015
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	172		$	1		$	0		$	0	$	(80	)	$	0		$	(2	)	$	0	$	0		$	91		$	0
RMBS	555			11			(9		)	0		0			0			(14		)	107		(191		)	459			11
CMBS	174			0			0			86		0			0			(16		)	0		(74		)	170			0
Other ABS	7			0			0			0		0			0			0			0		0			7			0
Other securities	18			0			0			0		0			0			0			0		0			18			0
Total securities available for sale	926			12			(9		)	86		(80		)	0			(32		)	107		(265		)	745			11
Other assets:
Consumer MSRs	53			7			0			0		0			6			(1		)	0		0			65			7
Derivative assets⁽⁴⁾	73			(10		)	0			0		0			18			(16		)	0		(4		)	61			(10		)
Retained interest in securitizations	223			(3		)	0			0		0			0			0			0		0			220			(3		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(48	)	$	9		$	0		$	0	$	0		$	(3	)	$	12		$	0	$	3		$	(27	)	$	9



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended June 30, 2014
				Total Gains (Losses) (Realized/Unrealized)																							Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2014⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, April 1, 2014			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales		Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2014
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	752		$	0		$	5	$	0	$	0	$	0		$	(18	)	$	0	$	0		$	739		$	0
RMBS	1,727			17			8		94		0		0			(98		)	63		(975		)	836			17
CMBS	495			0			3		0		0		0			(19		)	28		(58		)	449			0
Other ABS	226			1			8		0		0		0			(1		)	0		(59		)	175			1
Other securities	17			0			0		0		0		0			0			3		0			20			0
Total securities available for sale	3,217			18			24		94		0		0			(136		)	94		(1,092		)	2,219			18
Other assets:
Consumer MSRs	61			(6		)	0		0		0		3			(1		)	0		0			57			(6		)
Derivative assets⁽⁴⁾	48			3			0		0		0		5			(3		)	0		(3		)	50			3
Retained interest in securitizations	197			(2		)	0		0		0		0			0			0		0			195			(2		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(36	)	$	(2	)	$	0	$	0	$	0	$	(3	)	$	3		$	0	$	1		$	(37	)	$	(2	)



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Six Months Ended June 30, 2015
				Total Gains (Losses) (Realized/Unrealized)																									Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2015⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2015			Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2015
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	333		$	(1	)	$	5		$	0	$	(148	)	$	0		$	(10	)	$	0	$	(88	)	$	91		$	0
RMBS	561			19			(1		)	0		0			0			(27		)	192		(285		)	459			20
CMBS	228			0			1			86		0			0			(37		)	0		(108		)	170			0
Other ABS	65			1			(2		)	0		(20		)	0			0			0		(37		)	7			0
Other securities	18			0			0			0		0			0			0			0		0			18			0
Total securities available for sale	1,205			19			3			86		(168		)	0			(74		)	192		(518		)	745			20
Other assets:
Consumer MSRs	53			4			0			0		0			10			(2		)	0		0			65			4
Derivative assets⁽⁴⁾	66			1			0			0		0			27			(28		)	0		(5		)	61			1
Retained interest in securitizations	221			(1		)	0			0		0			0			0			0		0			220			(1		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(43	)	$	(1	)	$	0		$	0	$	0		$	(10	)	$	24		$	0	$	3		$	(27	)	$	(1	)



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Six Months Ended June 30, 2014
				Total Gains (Losses) (Realized/Unrealized)																								Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2014⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2014			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2014
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	927		$	0		$	15	$	0	$	(112	)	$	0		$	(39	)	$	64	$	(116	)	$	739		$	0
RMBS	1,304			37			36		980		0			0			(132		)	120		(1,509		)	836			37
CMBS	739			0			5		34		0			0			(30		)	66		(365		)	449			0
Other ABS	343			3			10		0		0			0			(2		)	43		(222		)	175			3
Other securities	17			0			0		0		0			0			0			3		0			20			0
Total securities available for sale	3,330			40			66		1,014		(112		)	0			(203		)	296		(2,212		)	2,219			40
Other assets:
Consumer MSRs	69			(17		)	0		0		0			7			(2		)	0		0			57			(17		)
Derivative assets⁽⁴⁾	50			3			0		0		0			7			(6		)	0		(4		)	50			3
Retained interest in securitization	199			(4		)	0		0		0			0			0			0		0			195			(4		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(38	)	$	(4	)	$	0	$	0	$	0		$	(4	)	$	8		$	0	$	1		$	(37	)	$	(4	)

__________


⁽¹⁾	Gains (losses) related to Level 3 Consumer MSRs, derivative assets and derivative liabilities, and retained interests in securitizations are reported in other non-interest income, which is a component of non-interest income, in our consolidated statements of income.


⁽²⁾	During the three and six months ended June 30, 2015 and 2014, the transfers into Level 3 were primarily driven by less consistency among vendor pricing on individual securities, while the transfers out of Level 3 were primarily driven by greater consistency among multiple pricing sources.

⁽³⁾

The amount presented for unrealized gains (losses) for assets still held as of the reporting date primarily represents impairments of securities available for sale, accretion on certain fixed maturity securities, changes in fair value of derivative instruments and mortgage servicing rights transactions. Impairment is reported in total other-than-temporary impairment, which is a component of non-interest income, in our consolidated statements of income.


⁽⁴⁾	All Level 3 derivative assets and liabilities are presented on a gross basis and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty.

Significant Level 3 Fair Value Asset and Liability Input Sensitivity

Changes in unobservable inputs may have a significant impact on fair value. Certain of these unobservable inputs will, in isolation, have a directionally consistent impact on the fair value of the instrument for a given change in that input. Alternatively, the fair value of the instrument may move in an opposite direction for a given change in another input. In general, an increase in the discount rate, default rates, loss severity and credit spreads, in isolation, would result in a decrease in the fair value measurement. In addition, an increase in default rates would generally be accompanied by a decrease in recovery rates, slower prepayment rates and an increase in liquidity spreads.

Techniques and Inputs for Level 3 Fair Value Measurements

The following table presents the significant unobservable inputs relied upon to determine the fair values of our Level 3 financial instruments on a recurring basis. We utilize multiple third-party pricing services to obtain fair value measures for our securities. Several of our third-party pricing services are only able to provide unobservable input information for a limited number of securities due to software licensing restrictions. Other third-party pricing services are able to provide unobservable input information for all securities for which they provide a valuation. As a result, the unobservable input information for the securities available for sale presented below represents a composite summary of all information we are able to obtain for a majority of our securities. The unobservable input information for all other Level 3 financial instruments is based on the assumptions used in our internal valuation models.

Table 12.3: Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at June 30,
2015

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average

Assets:

Securities available for sale:

RMBS

459

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

1-18%
0-20%
0-16%
0-85%

5%
4%
5%
55%

CMBS

170

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate

1-3%
0-100%

2%
5%

Other ABS

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

2%
0%
1%
30%

U.S. government guaranteed debt and other securities

109

Discounted cash flows (3rd party pricing)

Yield

1-4%

Other assets:

Consumer MSRs

Discounted cash flows

Total prepayment rate
Discount rate
Option-adjusted spread rate
Servicing cost ($ per loan)

11-18%
11%
435-1500 bps
$93-$209

15%
11%
478 bps
$100

Derivative assets⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Retained interests in securitization⁽²⁾

220

Discounted cash flows

Life of receivables (months) Constant prepayment rate
Discount rate
Default rate
Loss severity

22-69
1-15%
4-8%
2-7%
22-100%

N/A

Liabilities:

Derivative liabilities⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at

December 31,

2014

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average

Assets:

Securities available for sale:

RMBS

561

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

0-18%
0-23%
0-15%
0-85%

6%
4%
5%
55%

CMBS

228

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate

1-4%
0-100%

1%
5%

Other ABS

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

2-7%
0-3%
1-10%
30-88%

5%
2%
7%
71%

U.S. government guaranteed debt and other securities

351

Discounted cash flows (3rd party pricing)

Yield

1-4%

Other assets:

Consumer MSRs

Discounted cash flows

Total prepayment rate
Discount rate
Option-adjusted spread rate
Servicing cost ($ per loan)

12-27%
12%
435-1,500 bps
$93-$209

18%
12%
478 bps
$101

Derivative assets⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Retained interests in securitization⁽²⁾

221

Discounted cash flows

Life of receivables (months) Constant prepayment rate
Discount rate
Default rate
Loss severity

25-72
2-13%
4-9%
2-8%
19-95%

N/A

Liabilities:

Derivative liabilities⁽¹⁾

Discounted cash flows

Swap rates

2-3%

__________


⁽¹⁾	All Level 3 derivative assets and liabilities are presented on a gross basis and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty.


⁽²⁾	Due to the nature of the various mortgage securitization structures in which we have retained interests, it is not meaningful to present a consolidated weighted average for the significant unobservable inputs.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

We are required to measure and recognize certain other assets at fair value on a nonrecurring basis on the consolidated balance sheets. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, from the application of lower of cost or market accounting or when we evaluate for impairment). The following table presents the carrying amount of the assets measured at fair value on a nonrecurring basis and still held as of June 30, 2015 and December 31, 2014, and for which a nonrecurring fair value measurement was recorded during the six and twelve months then ended:

Table 12.4: Nonrecurring Fair Value Measurements Related to Assets Still Held at Period End



	June 30, 2015
	Estimated Fair Value Hierarchy						Total
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Loans held for investment	$	0	$	0	$	158	$	158
Loans held for sale	0		156		0		156
Other assets⁽¹⁾	0		0		71		71
Total	$	0	$	156	$	229	$	385



	December 31, 2014
	Estimated Fair Value Hierarchy						Total
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Loans held for investment	$	0	$	0	$	121	$	121
Loans held for sale	0		34		0		34
Other assets⁽¹⁾	0		0		65		65
Total	$	0	$	34	$	186	$	220

__________


⁽¹⁾	Includes foreclosed property and repossessed assets of $39 million and long-lived assets held for sale of $32 million as of June 30, 2015, compared to foreclosed property and repossessed assets of $60 million and long-lived assets held for sale of $5 million as of December 31, 2014.

In the above table, loans held for investment primarily include nonperforming loans for which specific reserves or charge-offs have been recognized. These loans are classified as Level 3 as they are valued based in part on the estimated fair value of the underlying collateral and the non-recoverable rate, which is considered to be a significant unobservable input. Collateral fair value sources include the appraisal value obtained from independent appraisers, broker pricing opinions, or other available market information. The non-recoverable rate ranged from 0% to 73%, with a weighted average of 35%, and from 0% to 74%, with a weighted average of 30%, as of June 30, 2015 and December 31, 2014, respectively. The fair value of the other assets classified as Level 3 is determined based on appraisal value or listing price which involves significant judgment; the significant unobservable inputs and related quantitative information are not meaningful to disclose as they vary significantly across properties and collateral.

The following table presents total nonrecurring fair value measurements for the period, included in earnings, attributable to the change in fair value relating to assets that are still held at June 30, 2015 and 2014:

Table 12.5: Nonrecurring Fair Value Measurements Included in Earnings Related to Assets Still Held at Period End



	Total Gains (Losses)
	Six Months Ended June 30,
(Dollars in millions)	2015			2014
Assets:
Loans held for investment	$	(48	)	$	(23	)
Loans held for sale	(3		)	0
Other assets⁽¹⁾	(30		)	(5		)
Total	$	(81	)	$	(28	)

__________


⁽¹⁾	Includes losses related to foreclosed property, repossessed assets and long-lived assets.

Fair Value of Financial Instruments

The following table presents the fair value of financial instruments, whether recognized or not on the consolidated balance sheets at fair value, as of June 30, 2015 and December 31, 2014:

Table 12.6: Fair Value of Financial Instruments



	June 30, 2015				Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Amount		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	7,156	$	7,156	$	7,156	$	0	$	0
Restricted cash for securitization investors	253		253		253		0		0
Securities available for sale	39,136		39,136		4,552		33,839		745
Securities held to maturity	23,668		24,511		199		24,099		213
Net loans held for investment	205,029		207,984		0		0		207,984
Loans held for sale	1,066		1,105		0		1,105		0
Interest receivable⁽¹⁾	1,056		1,056		0		1,056		0
Derivative assets⁽¹⁾⁽²⁾	1,357		1,357		4		1,292		61
Retained interests in securitizations	220		220		0		0		220
Financial liabilities:
Non-interest bearing deposits	$	25,123	$	25,123	$	25,123	$	0	$	0
Interest-bearing deposits	183,657		176,766		0		10,883		165,883
Securitized debt obligations	13,785		13,883		0		13,883		0
Senior and subordinated notes	19,987		20,240		0		20,240		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	1,888		1,888		1,888		0		0
Other borrowings	10,106		10,127		0		10,127		0
Interest payable⁽¹⁾	262		262		0		262		0
Derivative liabilities⁽¹⁾⁽²⁾	585		585		4		554		27



	December 31, 2014				Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Amount		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	7,242	$	7,242	$	7,242	$	0	$	0
Restricted cash for securitization investors	234		234		234		0		0
Securities available for sale	39,508		39,508		4,228		34,075		1,205
Securities held to maturity	22,500		23,634		0		23,503		131
Net loans held for investment	203,933		207,104		0		0		207,104
Loans held for sale	626		650		0		650		0
Interest receivable⁽¹⁾	1,079		1,079		0		1,079		0
Derivatives assets⁽¹⁾⁽²⁾	1,452		1,452		4		1,382		66
Retained interests in securitizations	221		221		0		0		221
Financial liabilities:
Non-interest bearing deposits	$	25,081	$	25,081	$	25,081	$	0	$	0
Interest-bearing deposits	180,467		174,074		0		11,668		162,406
Securitized debt obligations	11,624		11,745		0		11,745		0
Senior and subordinated notes	18,684		19,083		0		19,083		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	880		880		880		0		0
Other borrowings	17,269		17,275		0		17,275		0
Interest payable⁽¹⁾	254		254		0		254		0
Derivatives liabilities⁽¹⁾⁽²⁾	339		339		3		293		43

__________

⁽¹⁾

As of January 1, 2015, we changed our accounting principle to move from a gross basis of presentation to a net basis, for presenting qualifying derivative assets and liabilities, as well as the related right to reclaim cash collateral or obligation to return cash collateral. Prior period results have been recast to conform to this presentation. See additional information in “Note 1—Summary of Significant Accounting Policies.”


⁽²⁾	The balances represent gross derivative amounts and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty. See additional information in “Note 9—Derivative Instruments and Hedging Activities.”

Financial Assets and Liabilities

The following describes the valuation techniques used in estimating the fair value of our financial assets and liabilities as of June 30, 2015 and December 31, 2014. We applied the fair value provisions to the financial instruments not recognized on the consolidated balance sheets at fair value, which include securities held to maturity, loans held for investment, loans held for sale, interest receivable, interest-bearing deposits, securitized debt obligations, other borrowings and senior and subordinated notes. The provisions requiring us to maximize the use of observable inputs and to measure fair value using a notion of exit price were factored into our selection of inputs for our established valuation techniques.

Cash and Cash Equivalents

The carrying amounts of cash and due from banks, federal funds sold and securities purchased under agreements to resell and interest-bearing deposits with banks approximate fair value.

Restricted Cash for Securitization Investors

The carrying amount of restricted cash for securitization investors approximates the fair value due to its relatively short-term nature.

Investment Securities

Quoted prices in active markets are used to measure the fair value of U.S. Treasury debt obligations. For the majority of securities in other investment categories, we utilize multiple third-party pricing services to obtain fair value measurements. A pricing service may be considered as the primary pricing provider for certain types of securities, and the designation of the primary pricing provider may vary depending on the type of securities. The determination of the primary pricing provider is based on our experience and validation benchmark of the pricing service’s performance in terms of providing fair value measurements for the various types of securities.

Certain securities are classified as Level 2 and 3, the majority of which are RMBS and CMBS. When significant assumptions are not consistently observable, fair values are derived using the best available data. Such data may include quotes provided by a dealer, the use of external pricing services, independent pricing models, or other model-based valuation techniques such as calculation of the present values of future cash flows incorporating assumptions such as benchmark yields, spreads, prepayment speeds, credit ratings and losses. The techniques used by the pricing services utilize observable market data to the extent available. Pricing models may be used, which can vary by asset class and may incorporate available trade, bid and other market information. Across asset classes, information such as trader/dealer input, credit spreads, forward curves and prepayment speeds are used to help determine appropriate valuations. Because many fixed income securities do not trade on a daily basis, the pricing models may apply available information through processes such as benchmarking curves, like securities, sector groupings and matrix pricing to prepare valuations. In addition, model processes are used by the pricing services to develop prepayment and interest rate scenarios.

We validate the pricing obtained from the primary pricing providers through comparison of pricing to additional sources, including other pricing services, dealer pricing indications in transaction results and other internal sources. Pricing variances among different pricing sources are analyzed and validated. Additionally, on an on-going basis, we select a sample of securities and test the third-party valuation by obtaining more detailed information about the pricing methodology, sources of information and assumptions used to value the securities.

The significant unobservable inputs used in the fair value measurement of our RMBS, CMBS and other ABS include yield, prepayment rate, default rate and loss severity in the event of default. Significant increases or decreases in any of those inputs in isolation or combination would result in a significant change in fair value measurement. Generally, an increase in the yield assumption will result in a decrease in fair value measurement; however, an increase or decrease in prepayment rate, default rate or loss severity may have a different impact on the fair value given various characteristics of the security including the capital structure of the deal, credit enhancement for the security or other factors.

Net Loans Held For Investment

Loans held for investment that are individually impaired are carried at the lower of cost or fair value of the underlying collateral, less the estimated cost to sell. The fair values of credit card loans, installment loans, auto loans, home loans and commercial loans are estimated using a discounted cash flow method, which is a form of the income approach. Discount rates are determined considering rates at which similar portfolios of loans would be made under current conditions and considering liquidity spreads applicable to each loan portfolio based on the secondary market. The fair value of credit card loans excludes any value related to customer account relationships. For loans held for investment that are recorded at fair value on our consolidated balance sheets and are measured on a nonrecurring basis, the fair value is determined using appraisal values that are obtained from independent appraisers, broker pricing opinions or other available market information, adjusted for the estimated costs to transact the sale.

Due to the use of significant unobservable inputs, loans held for investment are classified as Level 3 under the fair value hierarchy. Fair value adjustments for individually impaired collateralized loans held for investment are recorded in provision for credit losses in the consolidated statements of income.

Loans Held For Sale

Loans held for sale are carried at the lower of aggregate cost, net of deferred fees and deferred origination costs, or fair value. We originate loans with the intent to sell them. Certain commercial mortgage loans are sold to government-sponsored enterprises as part of a delegated underwriting and servicing (“DUS”) program. For DUS commercial mortgage loans, the fair value is estimated primarily using contractual prices and other observable market-based inputs. For residential mortgage loans classified as held for sale, the fair value is estimated using observable market prices for loans with similar characteristics as the primary component, with the secondary component derived from typical securitization activities and market conditions. Credit card loans held for sale are valued based on other observable market-based inputs. These assets are therefore classified as Level 2. Fair value adjustments to loans held for sale are recorded in other non-interest income in our consolidated statements of income.

Interest Receivable

The carrying amount of interest receivable approximates the fair value of this asset due to its relatively short-term nature.

Derivative Assets and Liabilities

We use both exchange-traded derivatives and OTC derivatives to manage our interest rate and foreign currency risk exposure. Quoted market prices are available and used to value our exchange-traded derivatives, which we classify as Level 1. However, predominantly all of our derivatives are traded in OTC markets where quoted market prices are not always readily available. Therefore, we value most OTC derivatives using valuation techniques, which include internally-developed models. We primarily rely on market observable inputs for our models, such as interest rate yield curves, credit curves, option volatility and currency rates, that vary depending on the type of derivative and nature of the underlying rate, price or index upon which the derivative’s value is based. Where model inputs can be observed in a liquid market and the model does not require significant judgment, such derivatives are typically classified as Level 2. When instruments are traded in less liquid markets and significant inputs are unobservable, such as interest rate swaps whose remaining terms do not correlate with market observable interest rate yield curves, the derivatives are classified as Level 3. The impact of counterparty non-performance risk is considered when measuring the fair value of derivative assets. We validate the pricing obtained from the internal models through comparison of pricing to additional sources, including external valuation agents and other internal sources. Pricing variances among different pricing sources are analyzed and validated. These derivatives are included in other assets or other liabilities on the consolidated balance sheets.

Mortgage Servicing Rights

We record consumer MSRs at fair value on a recurring basis, while commercial MSRs are subsequently measured at amortized cost with impairment recognized as a reduction in other non-interest income. MSRs do not trade in an active market with readily observable prices. Accordingly, we determine the fair value of MSRs using a valuation model that calculates the present value of estimated future net servicing income. The model incorporates assumptions that we believe other market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate/option-adjusted spreads, cost to service, contractual servicing fee income, ancillary income and late fees. Fair value measurements of MSRs use significant unobservable inputs and, accordingly, are classified as Level 3. In the event we enter into an agreement with a third party to sell the MSRs, the valuation is based on the agreed upon sale price which is considered to be the exit price and the MSRs are classified as Level 2.

Retained Interests in Securitizations

We have retained interests in various mortgage securitizations from previous acquisitions. Our retained interest includes rights to future cash flows arising from the receivables, the most significant being certificated interest-only bonds issued by a trust. We record our interest in these deals at fair value using market indications and valuation models to calculate the present value of future income. The models incorporate various assumptions that market participants use in estimating future income including weighted-average life, constant prepayment rate, discount rate, default rate and severity.

Other Assets

Included in other assets are foreclosed property, other repossessed assets and long-lived assets held for sale. Foreclosed property, other repossessed assets and long-lived assets held for sale are carried at the lower of the carrying amount or fair value less costs to sell. The fair value is determined based on the appraisal value or listing price of the property or collateral provided by independent appraisers, and is adjusted for the estimated costs to transact the sale. Due to the use of significant unobservable inputs, these assets are classified as Level 3 under the fair value hierarchy. Fair value adjustments for these assets are recorded in other non-interest expense in the consolidated statements of income.

Non-Interest Bearing Deposits

The carrying amount of non-interest bearing deposits approximates fair value.

Interest-Bearing Deposits

The fair value of interest-bearing deposits is determined based on discounted expected cash flows using discount rates consistent with current market rates for similar products with similar remaining terms.

Securitized Debt Obligations

We utilized multiple third-party pricing services to obtain fair value measurements for the large majority of our securitized debt obligations. The techniques used by the pricing services utilize observable market data to the extent available; and pricing models may be used which incorporate available trade, bid and other market information. We used internal pricing models, discounted cash flow models or similar techniques to estimate the fair value of certain securitization trusts where third-party pricing was not available.

Senior and Subordinated Notes

We engage multiple third-party pricing services in order to estimate the fair value of senior and subordinated notes. The pricing services utilize pricing models that incorporate available trade, bid and other market information. It also incorporates spread assumptions, volatility assumptions and relevant credit information into the pricing models.

Federal Funds Purchased and Securities Loaned or Sold under Agreements to Repurchase and Other Borrowings

The carrying amount of federal funds purchased and repurchase agreements approximates fair value. The fair value of FHLB advances is determined based on discounted expected cash flows using discount rates consistent with current market rates for FHLB advances with similar remaining terms.

Interest Payable

The carrying amount of interest payable approximates the fair value of this liability due to its relatively short-term nature.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Business Segments

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Business Segments

NOTE 13—BUSINESS SEGMENTS

Our principal operations are currently organized into three major business segments, which are defined based on the products and services provided or the type of customer served: Credit Card, Consumer Banking and Commercial Banking. The operations of acquired businesses have been integrated into our existing business segments. Certain activities that are not part of a segment, such as management of our corporate investment portfolio and asset/liability management by our centralized Corporate Treasury group, are included in the Other category.

Basis of Presentation

We report the results of each of our business segments on a continuing operations basis. See “Note 2—Discontinued Operations” for a discussion of discontinued operations. The results of our individual businesses reflect the manner in which management evaluates performance and makes decisions about funding our operations and allocating resources.

Business Segment Reporting Methodology

The results of our business segments are intended to reflect each segment as if it were a stand-alone business. Our internal management and reporting process used to derive our segment results employs various allocation methodologies, including funds transfer pricing, to assign certain balance sheet assets, deposits and other liabilities and their related revenue and expenses directly or indirectly attributable to each business segment. Our funds transfer pricing process provides a funds credit for sources of funds, such as deposits generated by our Consumer Banking and Commercial Banking businesses, and a funds charge for the use of funds by each segment. Due to the integrated nature of our business segments, estimates and judgments have been made in allocating certain revenue and expense items. Transactions between segments are based on specific criteria or approximate third-party rates. We regularly assess the assumptions, methodologies and reporting classifications used for segment reporting, which may result in the implementation of refinements or changes in future periods. We provide additional information on the allocation methodologies used to derive our business segment results in “Note 19—Business Segments” in our 2014 Form 10-K.

Segment Results and Reconciliation

We may periodically change our business segments or reclassify business segment results based on modifications to our management reporting methodologies and changes in organizational alignment. The following tables present our business segment results for the three and six months ended June 30, 2015 and 2014, selected balance sheet data as of June 30, 2015 and 2014, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, assets and deposits. Prior period amounts have been recast to conform to the current period.

Table 13.1: Segment Results and Reconciliation



	Three Months Ended June 30, 2015
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income (expense)	$	2,633	$	1,444	$	466	$	(6	)	$	4,537
Non-interest income	845		196		123		(29		)	1,135
Total net revenue (loss)	3,478		1,640		589		(35		)	5,672
Provision for credit losses	895		185		49		0			1,129
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	80		0		0		0			80
Core deposit intangible amortization	0		21		4		0			25
Total PCCR and core deposit intangible amortization	80		21		4		0			105
Other non-interest expense	1,777		977		266		182			3,202
Total non-interest expense	1,857		998		270		182			3,307
Income (loss) from continuing operations before income taxes	726		457		270		(217		)	1,236
Income tax provision (benefit)	263		166		98		(143		)	384
Income (loss) from continuing operations, net of tax	$	463	$	291	$	172	$	(74	)	$	852
Loans held for investment	$	87,203	$	71,176	$	51,231	$	95		$	209,705
Deposits	0		170,321		32,909		5,550			208,780

	Three Months Ended June 30, 2014
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income (expense)	$	2,461	$	1,431	$	436	$	(13	)	$	4,315
Non-interest income	839		170		109		35			1,153
Total net revenue	3,300		1,601		545		22			5,468
Provision for credit losses	549		143		12		0			704
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	94		0		0		0			94
Core deposit intangible amortization	0		28		5		0			33
Total PCCR and core deposit intangible amortization	94		28		5		0			127
Other non-interest expense	1,625		910		262		55			2,852
Total non-interest expense	1,719		938		267		55			2,979
Income (loss) from continuing operations before income taxes	1,032		520		266		(33		)	1,785
Income tax provision (benefit)	364		186		95		(64		)	581
Income from continuing operations, net of tax	$	668	$	334	$	171	$	31		$	1,204
Loans held for investment	$	79,018	$	71,062	$	48,321	$	127		$	198,528
Deposits	0		169,153		31,440		5,297			205,890



	Six Months Ended June 30, 2015
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income	$	5,299	$	2,878	$	927	$	9		$	9,113
Non-interest income	1,661		354		237		(46		)	2,206
Total net revenue (loss)	6,960		3,232		1,164		(37		)	11,319
Provision for credit losses	1,564		391		109		0			2,064
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	164		0		0		0			164
Core deposit intangible amortization	0		43		8		0			51
Total PCCR and core deposit intangible amortization	164		43		8		0			215
Other non-interest expense	3,469		1,925		534		213			6,141
Total non-interest expense	3,633		1,968		542		213			6,356
Income (loss) from continuing operations before income taxes	1,763		873		513		(250		)	2,899
Income tax provision (benefit)	632		316		186		(221		)	913
Income (loss) from continuing operations, net of tax	$	1,131	$	557	$	327	$	(29	)	$	1,986
Loans held for investment	$	87,203	$	71,176	$	51,231	$	95		$	209,705
Deposits	0		170,321		32,909		5,550			208,780

	Six Months Ended June 30, 2014
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income (expense)	$	4,986	$	2,864	$	857	$	(42	)	$	8,665
Non-interest income	1,624		320		196		33			2,173
Total net revenue (loss)	6,610		3,184		1,053		(9		)	10,838
Provision (benefit) for credit losses	1,107		283		52		(3		)	1,439
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	192		0		0		0			192
Core deposit intangible amortization	0		58		11		0			69
Total PCCR and core deposit intangible amortization	192		58		11		0			261
Other non-interest expense	3,253		1,810		511		76			5,650
Total non-interest expense	3,445		1,868		522		76			5,911
Income (loss) from continuing operations before income taxes	2,058		1,033		479		(82		)	3,488
Income tax provision (benefit)	722		369		171		(102		)	1,160
Income from continuing operations, net of tax	$	1,336	$	664	$	308	$	20		$	2,328
Loans held for investment	$	79,018	$	71,062	$	48,321	$	127		$	198,528
Deposits	0		169,153		31,440		5,297			205,890

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Commitments, Contingencies, Guarantees, and Others

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments, Contingencies, Guarantees, and Others

NOTE 14—COMMITMENTS, CONTINGENCIES, GUARANTEES AND OTHERS

Guarantees

We have credit exposure on agreements that we entered into to absorb a portion of the risk of loss on certain manufactured housing securitizations issued by GreenPoint Credit, LLC in 2000. Our maximum credit exposure related to these agreements totaled $13 million and $14 million as of June 30, 2015 and December 31, 2014, respectively. These agreements are recorded on our consolidated balance sheets as a component of other liabilities and our obligations under these agreements was $10 million and $12 million as of June 30, 2015 and December 31, 2014, respectively. See “Note 6—Variable Interest Entities and Securitizations” for additional information about our manufactured housing securitization transactions.

Letters of Credit and Loss Sharing Agreements

We issue letters of credit (financial standby, performance standby and commercial) to meet the financing needs of our customers. Standby letters of credit are conditional commitments issued by us to guarantee the performance of a customer to a third party in a borrowing arrangement. Commercial letters of credit are short-term commitments issued primarily to facilitate trade finance activities for customers and are generally collateralized by the goods being shipped to the client. These collateral requirements are similar to those for funded transactions and are established based on management’s credit assessment of the customer. Management conducts regular reviews of all outstanding letters of credit and customer acceptances, and the results of these reviews are considered in assessing the adequacy of our allowance for loan and lease losses.

On November 1, 2013, we acquired Beech Street Capital, a privately-held, DUS lender that originates multifamily commercial real estate loans with the intent to sell them to a government-sponsored enterprise (“GSE”). Beech Street Capital was renamed Capital One Multifamily Finance in 2014. We enter into loss sharing agreements with Fannie Mae upon the sale of the DUS commercial loans. Under these agreements, we share losses on the covered loans with Fannie Mae on a pari-passu basis. At inception, we record a liability representing the fair value of our obligation which is subsequently amortized as we are released from risk of payment under the loss sharing agreement. If payment under the loss sharing agreement becomes probable and estimable, an additional liability may be recorded on the consolidated balance sheets and a non-interest expense may be recognized in the consolidated statements of income. The associated MSRs are also reviewed for impairment on a quarterly basis.

We had standby letters of credit and commercial letters of credit with contractual amounts of $2.0 billion and $2.1 billion as of June 30, 2015 and December 31, 2014, respectively. The carrying value of outstanding letters of credit, which we include in other liabilities on our consolidated balance sheets was $3 million as of both June 30, 2015 and December 31, 2014. These financial guarantees had expiration dates ranging from 2015 to 2025 as of June 30, 2015. The amount of liability recognized on our consolidated balance sheets for Fannie Mae and other loss sharing agreements was $40 million and $36 million as of June 30, 2015 and December 31, 2014, respectively. No additional collateral or recourse provisions exist to reduce this exposure.

U.K. Cross Sell

In the U.K., we previously sold payment protection insurance (“PPI”) and other ancillary cross sell products. In response to an elevated level of customer complaints across the industry, heightened media coverage and pressure from consumer advocacy groups, the U.K. Financial Conduct Authority (“FCA”), formerly the Financial Services Authority, investigated and raised concerns about the way the industry has handled complaints related to the sale of these insurance policies. For the past several years, the U.K.’s Financial Ombudsman Service (“FOS”) has been adjudicating customer complaints relating to PPI, escalated to it by consumers who disagree with the rejection of their complaint by firms, leading to customer remediation payments by us and others within the industry. In determining our best estimate of incurred losses for future remediation payments, management considers numerous factors, including: (i) the number of customer complaints we expect in the future; (ii) our expectation of upholding those complaints; (iii) the expected number of complaints customers escalate to the FOS; (iv) our expectation of the FOS upholding such escalated complaints; and (v) the estimated remediation payout to customers. We monitor these factors each quarter and adjust our reserves to reflect the latest data. Management’s best estimate of incurred losses related to U.K. cross sell products, including PPI, totaled $160 million and $116 million as of June 30, 2015 and December 31, 2014, respectively. In the three months ended June 30, 2015 we added $78 million to our reserve reflecting an updated assumption of the number of customer complaints we expect in the future because the actual amount of customer complaints received over the most recent quarters did not decline at the pace we previously assumed. Given the inherent uncertainty involved in this matter, it is possible our ultimate liability may materially exceed our current estimate.

In particular, there is an incremental risk to our U.K. PPI reserve stemming from the U.K. Supreme Court’s 2014 ruling in Plevin v. Paragon Personal Finance Limited (“Plevin”). The Supreme Court in Plevin ruled that a purchaser of single premium PPI was owed remediation as the non-disclosure of a high commission was found to have caused an unfair relationship because this omission was material to the consumer’s purchase decision. At this time, both the FOS and the FCA are in the process of determining whether and how the Plevin ruling may apply. A significant proportion of our incremental reserve risk comes from our past sale of monthly premium PPI, as opposed to the single premium PPI considered in Plevin, therefore it is impossible for us to determine at this time what, if any, impact the Plevin ruling will have on our future customer refund payments. While we are unable to estimate the additional possible loss or range of additional losses we may incur on these matters, it is nonetheless reasonably possible that the application of the Plevin ruling may have a material impact on our U.K. PPI reserve.

Mortgage Representation and Warranty Liabilities

We acquired three subsidiaries that originated residential mortgage loans and sold these loans to various purchasers, including purchasers who created securitization trusts. These subsidiaries are Capital One Home Loans, LLC, which was acquired in February 2005; GreenPoint, which was acquired in December 2006 as part of the North Fork acquisition; and CCB, which was acquired in February 2009 and subsequently merged into CONA (collectively, the “subsidiaries”).

In connection with their sales of mortgage loans, the subsidiaries entered into agreements containing varying representations and warranties about, among other things, the ownership of the loan, the validity of the lien securing the loan, the loan’s compliance with any applicable loan criteria established by the purchaser, including underwriting guidelines and the existence of mortgage insurance, and the loan’s compliance with applicable federal, state and local laws. The representations and warranties do not address the credit performance of the mortgage loans, but mortgage loan performance often influences whether a claim for breach of representation and warranty will be asserted and has an effect on the amount of any loss in the event of a breach of a representation or warranty.

Each of these subsidiaries may be required to repurchase mortgage loans in the event of certain breaches of these representations and warranties. In the event of a repurchase, the subsidiary is typically required to pay the unpaid principal balance of the loan together with interest and certain expenses (including, in certain cases, legal costs incurred by the purchaser and/or others). The subsidiary then recovers the loan or, if the loan has been foreclosed, the underlying collateral. The subsidiary is exposed to any losses on the repurchased loans, taking into account any recoveries on the collateral. In some instances, rather than repurchase the loans, a subsidiary may agree to make cash payments to make an investor whole on losses or to settle repurchase claims, possibly including claims for attorneys’ fees and interest. In addition, our subsidiaries may be required to indemnify certain purchasers and others against losses they incur as a result of certain breaches of representations and warranties.

These subsidiaries, in total, originated and sold to non-affiliates approximately $111 billion original principal balance of mortgage loans between 2005 and 2008, which are the years (or “vintages”) with respect to which our subsidiaries have received the vast majority of the repurchase-related requests and other related claims.

The following table presents the original principal balance of mortgage loan originations, by vintage for 2005 through 2008, for the three general categories of purchasers of mortgage loans and the estimated unpaid principal balance as of June 30, 2015 and December 31, 2014:

Table 14.1: Unpaid Principal Balance of Mortgage Loans Originated and Sold to Third Parties Based on Category of Purchaser



	Estimated Unpaid Principal Balance				Original Principal Balance
(Dollars in billions)	June 30, 2015		December 31, 2014		Total		2008		2007		2006		2005
GSEs	$	2	$	3	$	11	$	1	$	4	$	3	$	3
Insured Securitizations	4		4		20		0		2		8		10
Uninsured Securitizations and Other	15		16		80		3		15		30		32
Total	$	21	$	23	$	111	$	4	$	21	$	41	$	45

Between 2005 and 2008, our subsidiaries sold an aggregate amount of $11 billion in original principal balance mortgage loans to the GSEs.

Of the $20 billion in original principal balance of mortgage loans sold directly by our subsidiaries to private-label purchasers who placed the loans into securitizations supported by bond insurance (“Insured Securitizations”), approximately 48% of the original principal balance was covered by bond insurance. Further, approximately $16 billion original principal balance was placed in securitizations as to which the monoline bond insurers have made repurchase-related requests or loan file requests to one of our subsidiaries (“Active Insured Securitizations”) and the remaining approximately $4 billion original principal balance was placed in securitizations as to which the monoline bond insurers have not made repurchase-related requests or loan file requests to one of our subsidiaries (“Inactive Insured Securitizations”). Insured Securitizations often allow the monoline bond insurer to act independently of the investors. Bond insurers typically have indemnity agreements directly with both the mortgage originators and the securitizers, and they often have super-majority rights within the trust documentation that allow them to direct trustees to pursue mortgage repurchase-related requests without coordination with other investors.

Because we do not service most of the loans our subsidiaries sold to others, we do not have complete information about the current ownership of a portion of the $80 billion in original principal balance of mortgage loans not sold directly to GSEs or placed in Insured Securitizations. We have determined based on information obtained from third-party databases that about $48 billion original principal balance of these mortgage loans was placed in private-label publicly issued securitizations not supported by bond insurance (“Uninsured Securitizations”). An additional approximately $22 billion original principal balance of mortgage loans were initially sold to private investors as whole loans. Various known and unknown investors purchased the remaining $10 billion original principal balance of mortgage loans.

With respect to the $111 billion in original principal balance of mortgage loans originated and sold to others between 2005 and 2008, we estimate that approximately $21 billion in unpaid principal balance remains outstanding as of June 30, 2015, of which approximately $4 billion in unpaid principal balance is at least 90 days delinquent. Approximately $22 billion in losses have been realized by third parties. Because we do not service most of the loans we sold to others, we do not have complete information about the underlying credit performance levels for some of these mortgage loans. These amounts reflect our best estimates, including extrapolations of underlying credit performance where necessary. These estimates could change as we get additional data or refine our analysis.

The subsidiaries had open repurchase-related requests with regard to approximately $1.7 billion original principal balance of mortgage loans as of June 30, 2015, an $837 million decrease from December 31, 2014. Currently, repurchase-related demands predominantly relate to the 2006 and 2007 vintages. We have received relatively few repurchase-related demands from the 2008 and 2009 vintages, mostly because GreenPoint ceased originating mortgages in August 2007.

The following table presents information on pending repurchase-related requests by counterparty category and timing of initial request. The amounts presented are based on original loan principal balances.

Table 14.2: Open Pipeline All Vintages (all entities)⁽¹⁾



(Dollars in millions)	GSEs			Insured Securitizations			Uninsured Securitizations and Other			Total
Open claims as of December 31, 2013	$	89		$	1,614		$	1,122		$	2,825
Gross new demands received	22			0			742			764
Loans repurchased/made whole	(31		)	0			(5		)	(36		)
Demands rescinded	(64		)	(965		)	(12		)	(1,041		)
Open claims as of December 31, 2014	$	16		$	649		$	1,847		$	2,512
Gross new demands received	16			0			17			33
Loans repurchased/made whole	(12		)	0			(1		)	(13		)
Demands rescinded	(13		)	(106		)	(738		)	(857		)
Open claims as of June 30, 2015	$	7		$	543		$	1,125		$	1,675

__________

⁽¹⁾

The open pipeline includes all timely repurchase-related requests ever received by our subsidiaries where the requesting party has not formally rescinded the repurchase-related request or our subsidiary has not agreed to either repurchase the loan at issue or make the requesting party whole with respect to its losses. The demands rescinded reflect the June 2015 ruling from New York’s highest court that the statute of limitations for repurchase claims begins when the relevant representations and warranties were made, as opposed to some later date during the life of the loan. Finally, the amounts reflected in this chart are the original principal balance amounts of the mortgage loans at issue and do not correspond to the losses our subsidiary would incur upon the repurchase of these loans.

The following table summarizes changes in our representation and warranty reserve for the three and six months ended June 30, 2015 and 2014:

Table 14.3: Changes in Representation and Warranty Reserve⁽¹⁾



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Representation and warranty reserve, beginning of period	$	673		$	1,128		$	731		$	1,172
(Benefit) provision for mortgage representation and warranty losses:
Recorded in continuing operations	(9		)	(29		)	(8		)	(15		)
Recorded in discontinued operations	(27		)	11			(46		)	(36		)
Total benefit for mortgage representation and warranty losses	(36		)	(18		)	(54		)	(51		)
Net realized losses	(1		)	(98		)	(41		)	(109		)
Representation and warranty reserve, end of period	$	636		$	1,012		$	636		$	1,012

__________


⁽¹⁾	Reported on our consolidated balance sheets as a component of other liabilities.

The following table summarizes the allocation of our representation and warranty reserve as June 30, 2015 and December 31, 2014.

Table 14.4: Allocation of Representation and Warranty Reserve



	Reserve Liability				Loans Sold 2005 to 2008⁽¹⁾
(Dollars in millions, except for loans sold)	June 30, 2015		December 31, 2014		Loans Sold 2005 to 2008⁽¹⁾
Selected period-end data:
GSEs and Active Insured Securitizations	$	486	$	499	$	27
Inactive Insured Securitizations and Others	150		232		84
Total⁽²⁾	$	636	$	731	$	111

__________


⁽¹⁾	Reflects, in billions, the total original principal balance of loans originated by our subsidiaries and sold to third-party investors between 2005 and 2008.


⁽²⁾	The total reserve liability includes an immaterial amount related to loans that were originated after 2008.

We established reserves for the $11 billion original principal balance of GSE loans, based on open claims and historic repurchase rates. We have entered into and completed repurchase or settlement agreements with respect to the majority of our repurchase exposure within this category.

Our reserves could also be impacted by any claims which may be brought by governmental agencies under the Financial Institutions Reform, Recovery, and Enforcement Act (“FIRREA”), the False Claims Act, or other federal or state statutes. For example, GreenPoint and Capital One have received requests for information and/or subpoenas from various governmental regulators and law enforcement authorities, including members of the RMBS Working Group, relating to the origination of loans for sale to the GSEs and to RMBS participants. We are cooperating with these regulators and other authorities in responding to such requests.

For the $16 billion original principal balance in Active Insured Securitizations, our reserving approach is based upon the expected resolution of litigation with the monoline bond insurers. Accordingly, our representation and warranty reserves for this category are litigation reserves. In establishing litigation reserves for this category, we consider the current and future monoline insurer losses inherent within the securitization and apply legal judgment to the developing factual and legal record to estimate the liability for each securitization. We consider as factors within the analysis our own past monoline settlements in addition to publicly available industry monoline settlements. Our reserves with respect to the U.S. Bank Litigation, referenced below, are contained within the Active Insured Securitization reserve category. Further, to the extent we have litigation reserves with respect to indemnification risks from certain representation and warranty lawsuits brought by monoline bond insurers against third-party securitizations sponsors, where one of our subsidiaries provided some or all of the mortgage collateral within the securitization but is not a defendant in the litigation, such reserves are also contained within this category.

For the $4 billion original principal balance of mortgage loans in the Inactive Insured Securitizations category and the $48 billion original principal balance of mortgage loans in the Uninsured Securitizations category, we establish reserves based on an assessment of probable and estimable legal liability, if any, utilizing both our own experience and publicly available industry settlement information to estimate lifetime liability. In contrast with the bond insurers in the Insured Securitizations, investors in Uninsured Securitizations often face a number of legal and logistical hurdles before they can force a securitization trustee to pursue mortgage repurchases, including the need to coordinate with a certain percentage of investors holding the securities and to indemnify the trustee for any litigation it undertakes. Accordingly, we only reserve for such exposures when a trustee or investor with standing brings claims and it is probable we have incurred a loss. Some Uninsured Securitization investors from this category are currently suing investment banks and securitization sponsors under federal and/or state securities laws. Although we face some indirect indemnity risks from these litigations, we generally have not established reserves with respect to these indemnity risks because we do not consider them to be both probable and reasonably estimable liabilities. In addition, to the extent we have litigation reserves with respect to indemnification risks from certain representation and warranty lawsuits brought by parties who purchased loans from our subsidiaries and subsequently re-sold the loans into securitizations, such reserves are also contained within this category.

For the $22 billion original principal balance of mortgage loans sold to private investors as whole loans, we establish reserves based on open claims and historical repurchase rates.

The aggregate reserve for all three subsidiaries totaled $636 million as of June 30, 2015, compared to $731 million as of December 31, 2014. We recorded a net benefit for mortgage representation and warranty losses of $54 million (which includes a benefit of $8 million before taxes in continuing operations and a benefit of $46 million before taxes in discontinued operations) in the first six months of 2015. The decrease in the representation and warranty reserve was primarily driven by settlements and favorable industry legal developments, including a ruling from New York’s highest court that the statute of limitations for repurchase claims begins when the relevant representations and warranties were made, as opposed to some later date during the life of the loan.

As part of our business planning processes, we have considered various outcomes relating to the future representation and warranty liabilities of our subsidiaries that are possible but do not rise to the level of being both probable and reasonably estimable outcomes justifying an incremental accrual under applicable accounting standards. Our current best estimate of reasonably possible future losses from representation and warranty claims beyond what was in our reserve as of June 30, 2015 is approximately $1.6 billion, a decrease from our $2.1 billion estimate at December 31, 2014. The decrease in this estimate was primarily driven by favorable industry legal developments, including the statute of limitations ruling from New York’s highest court mentioned above. The estimate as of June 30, 2015 covers all reasonably possible losses relating to representation and warranty claim activity, including those relating to the U.S. Bank Litigation, the FHFA Litigation, and the LXS Trust Litigation described below.

In estimating reasonably possible future losses in excess of our current reserves, we assume a portion of the inactive securitizations become active and for all Insured Securitizations, we assume loss rates on the high end of those observed in monoline settlements or court rulings. For our remaining GSE exposures, Uninsured Securitizations and whole loan exposures, our reasonably possible risk estimates assume lifetime loss rates and claims rates at the highest levels of our past experience and also consider the limited instances of observed settlements. We do not assume claim rates or loss rates for these risk categories will be as high as those assumed for the Active Insured Securitizations, however, based on industry precedent. Should the number of claims or the loss rates on these claims increase significantly, our estimate of reasonably possible risk would increase materially. We also assume that repurchase-related requests will be resolved at discounts reflecting the nature of the claims, the vintage of the underlying loans and evolving legal precedents.

Notwithstanding our ongoing attempts to estimate a reasonably possible amount of future losses beyond our current accrual levels based on current information, it is possible that actual future losses will exceed both the current accrual level and our current estimate of the amount of reasonably possible losses. Our reserve and reasonably possible estimates involve considerable judgment and reflect that there is still significant uncertainty regarding numerous factors that may impact the ultimate loss levels, including, but not limited to: litigation outcomes; court rulings; governmental enforcement decisions; future repurchase and indemnification claim levels; securitization trustees pursuing mortgage repurchase litigation unilaterally or in coordination with investors; investors successfully pursuing repurchase litigation independently and without the involvement of the trustee as a party; ultimate repurchase and indemnification rates; future mortgage loan performance levels; actual recoveries on the collateral; and macroeconomic conditions (including unemployment levels and housing prices). In light of the significant uncertainty as to the ultimate liability our subsidiaries may incur from these matters, an adverse outcome in one or more of these matters could be material to our results of operations or cash flows for any particular reporting period.

Litigation

In accordance with the current accounting standards for loss contingencies, we establish reserves for litigation related matters when it is probable that a loss associated with a claim or proceeding has been incurred and the amount of the loss can be reasonably estimated. Litigation claims and proceedings of all types are subject to many uncertain factors that generally cannot be predicted with assurance. Below we provide a description of potentially material legal proceedings and claims.

For some of the matters disclosed below, we are able to determine estimates of potential future outcomes that are not probable and reasonably estimable outcomes justifying either the establishment of a reserve or an incremental reserve build, but which are reasonably possible outcomes. For other disclosed matters, such an estimate is not possible at this time. For those matters below where an estimate is possible (excluding the reasonably possible future losses relating to the U.S. Bank Litigation, the FHFA Litigation, and the LXS Trust Litigation, because reasonably possible losses with respect to those litigations are included within the reasonably possible representation and warranty liabilities discussed above) management currently estimates the reasonably possible future losses beyond what was in our reserve as of June 30, 2015 was approximately $250 million. Notwithstanding our attempt to estimate a reasonably possible range of loss beyond our current accrual levels for some litigation matters based on current information, it is possible that actual future losses will exceed both the current accrual level and the range of reasonably possible losses disclosed here. Given the inherent uncertainties involved in these matters, especially those involving governmental actors, and the very large or indeterminate damages sought in some of these matters, there is significant uncertainty as to the ultimate liability we may incur from these litigation matters and an adverse outcome in one or more of these matters could be material to our results of operations or cash flows for any particular reporting period.

Interchange Litigation

In 2005, a number of entities, each purporting to represent a class of retail merchants, filed antitrust lawsuits (the “Interchange Lawsuits”) against MasterCard and Visa and several member banks, including our subsidiaries and us, alleging among other things, that the defendants conspired to fix the level of interchange fees. The complaints seek injunctive relief and civil monetary damages, which could be trebled. Separately, a number of large merchants have asserted similar claims against Visa and MasterCard only. In October 2005, the class and merchant Interchange Lawsuits were consolidated before the U.S. District Court for the Eastern District of New York for certain purposes, including discovery. In July 2012, the parties executed and filed with the court a Memorandum of Understanding agreeing to resolve the litigation on certain terms set forth in a settlement agreement attached to the Memorandum. The class settlement provides for, among other things, (i) payments by defendants to the class and individual plaintiffs totaling approximately $6.6 billion; (ii) a distribution to the class merchants of an amount equal to 10 basis points of certain interchange transactions for a period of eight months; and (iii) modifications to certain Visa and MasterCard rules regarding point of sale practices. In December 2013, the court granted final approval of the proposed class settlement, which was appealed to the Second Circuit Court of Appeals in January 2014. Several merchant plaintiffs have also opted out of the class settlement, some of which have sued MasterCard, Visa and various member banks, including Capital One (collectively “the Opt-Out Plaintiffs”). Relatedly, in December 2013, individual consumer plaintiffs also filed a proposed national class action against a number of banks, including Capital One, alleging that because the banks conspired to fix interchange fees, consumers were forced to pay more for the fees than appropriate. The consumer case and virtually all of the opt-out cases were consolidated before the U.S. District Court for the Eastern District of New York for certain purposes, including discovery. In November 2014, the court dismissed the proposed consumer class action. The remaining consolidated cases are in their preliminary stages, and Visa and MasterCard have settled a number of individual opt-out cases, requiring non-material payments from all banks, including Capital One.

As members of Visa, our subsidiary banks have indemnification obligations to Visa with respect to final judgments and settlements, including the Interchange Lawsuits. In the first quarter of 2008, Visa completed an IPO of its stock. With IPO proceeds, Visa established an escrow account for the benefit of member banks to fund certain litigation settlements and claims, including the Interchange Lawsuits. As a result, in the first quarter of 2008, we reduced our Visa-related indemnification liabilities of $91 million recorded in other liabilities with a corresponding reduction of other non-interest expense. We made an election in accordance with the accounting guidance for fair value option for financial assets and liabilities on the indemnification guarantee to Visa, and the fair value of the guarantee as of June 30, 2015 was zero. Separately, in January 2011, we entered into a MasterCard Settlement and Judgment Sharing Agreement, along with other defendant banks, which apportions between MasterCard and its member banks the costs and liabilities of any judgment or settlement arising from the Interchange Lawsuits.

In March 2011, a furniture store owner named Mary Watson filed a proposed class action in the Supreme Court of British Columbia against Visa, MasterCard, and several banks, including Capital One (the “Watson Litigation”). The lawsuit asserts, among other things, that the defendants conspired to fix the merchant discount fees that merchants pay on credit card transactions in violation of Section 45 of the Competition Act and seeks unspecified damages and injunctive relief. In addition, Capital One has been named as a defendant in similar proposed class action claims filed in other jurisdictions in Canada. In March 2014, the court granted a partial motion for class certification. Both parties appealed the decision to the Court of Appeal for British Columbia, which heard oral argument in December 2014. In April 2015, the merchant plaintiffs and Capital One agreed to settle all matters filed in Canada as to Capital One, subject to court approval.

Credit Card Interest Rate Litigation

The Capital One Bank Credit Card Interest Rate Multi-district Litigation matter was created as a result of a June 2010 transfer order issued by the U.S. Judicial Panel on Multi-district Litigation (“MDL”), which consolidated for pretrial proceedings in the U.S. District Court for the Northern District of Georgia two pending putative class actions against COBNA-Nancy Mancuso, et al. v. Capital One Bank (USA), N.A., et al., (E.D. Virginia); and Kevin S. Barker, et al. v. Capital One Bank (USA), N.A., (N.D. Georgia). A third action, Jennifer L. Kolkowski v. Capital One Bank (USA), N.A., (C.D. California) was subsequently transferred into the MDL. In August 2010, the plaintiffs in the MDL filed a Consolidated Amended Complaint alleging that COBNA breached its contractual obligations, and violated the Truth in Lending Act (“TILA”), the California Consumers Legal Remedies Act, the Unfair Competition Law (“UCL”), the California False Advertising Act, the New Jersey Consumer Fraud Act, and the Kansas Consumer Protection Act when it raised interest rates on certain credit card accounts. As a result of a settlement in another matter, the California-based UCL and TILA claims in the MDL are extinguished. The MDL plaintiffs seek statutory damages, restitution, attorney’s fees and an injunction against future rate increases. In August 2011, after the completion of fact discovery, Capital One filed a motion for summary judgment, which was granted in September 2014. Plaintiffs filed a Notice of Appeal to the Eleventh Circuit Court of Appeals in October 2014.

Mortgage Repurchase Litigation

In February 2009, GreenPoint was named as a defendant in a lawsuit commenced in the New York County Supreme Court, by U.S. Bank, N. A., Syncora Guarantee Inc. and CIFG Assurance North America, Inc. (the “U.S. Bank Litigation”). Plaintiffs allege, among other things, that GreenPoint breached certain representations and warranties in two contracts pursuant to which GreenPoint sold approximately 30,000 mortgage loans having an aggregate original principal balance of approximately $1.8 billion to a purchaser that ultimately transferred most of these mortgage loans to a securitization trust. Some of the securities issued by the trust were insured by Syncora and CIFG. Plaintiffs seek unspecified damages and an order compelling GreenPoint to repurchase the entire portfolio of 30,000 mortgage loans based on alleged breaches of representations and warranties relating to a limited sampling of loans in the portfolio, or, alternatively, the repurchase of specific mortgage loans to which the alleged breaches of representations and warranties relate. In March 2010, the court granted GreenPoint’s motion to dismiss with respect to plaintiffs Syncora and CIFG and denied the motion with respect to U.S. Bank. GreenPoint subsequently answered the complaint with respect to U.S. Bank, denying the allegations, and filed a counterclaim against U.S. Bank alleging breach of covenant of good faith and fair dealing. In February 2012, the court denied plaintiffs’ motion for leave to file an amended complaint and dismissed Syncora and CIFG from the case. Syncora and CIFG appealed their dismissal to the New York Supreme Court, Appellate Division, First Department (the “First Department”), which affirmed the dismissal in April 2013. The New York Court of Appeals denied Syncora’s and CIFG’s motion for leave to appeal the First Department’s decision in February 2014. Therefore, the case is now proceeding with U.S. Bank as the sole plaintiff.

In May, June, and July 2012, FHFA (acting as conservator for Freddie Mac) filed three summonses with notice in the New York state court against GreenPoint, on behalf of the trustees for three RMBS trusts backed by loans originated by GreenPoint with an aggregate original principal balance of $3.4 billion. In January 2013, the plaintiffs filed an amended consolidated complaint in the name of the three trusts, acting by the respective trustees, alleging breaches of contractual representations and warranties regarding compliance with GreenPoint underwriting guidelines relating to certain loans (the “FHFA Litigation”). Plaintiffs seek specific performance of the repurchase obligations with respect to the loans for which they have provided notice of alleged breaches as well as all other allegedly breaching loans, rescissory damages, indemnification, costs and interest. GreenPoint moved to dismiss the case as untimely under New York’s statute of limitations, and the court denied the motion without prejudice to renew it after the completion of relevant discovery.

In July 2013, Lehman XS Trust, Series 2006-4N, by its trustee U.S. Bank, N.A. filed a lawsuit in the Southern District of New York against GreenPoint alleging breaches of representations and warranties made in certain loan sale agreements, pursuant to which GreenPoint sold mortgage loans with an original principal balance of $915 million to Lehman Brothers for securitization and sale to investors. The lawsuit (“the LXS Trust Litigation”) seeks specific performance of GreenPoint’s obligation to repurchase certain allegedly breaching loans, or in the alternative, the repurchase of all loans in the trust, the award of rescissory damages, costs, fees and interest. In January 2014, the court granted GreenPoint’s motion to dismiss based on the statute of limitations, ruling that New York’s six-year statute of limitations began running no later than the time of the mortgage securitization. The plaintiff has appealed the dismissal of the complaint.

As noted above in the section entitled Mortgage Representation and Warranty Liabilities, the Company’s subsidiaries establish reserves with respect to representation and warranty litigation matters, where appropriate, within the Company’s overall representation and warranty reserves. Please see above for more details.

Anti-Money Laundering

Capital One has received requests for subpoenas and testimony from the New York District Attorney’s Office (“NYDA”) with respect to certain check casher clients of the Commercial Banking business and Capital One’s anti-money laundering (“AML”) program. In early 2015, we received similar requests from the U.S. Department of Justice (“DOJ”) and the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of Treasury. Capital One is cooperating with all agencies involved in the investigation.

In July 2015, Capital One entered into a consent order with the Office of the Comptroller of the Currency (“OCC”) concerning regulatory deficiencies in our AML program emanating from our former Check Cashing Group within the Commercial Banking business. We have made substantial progress in implementing the changes required by the OCC consent order, which changes do not have a material impact on our financial results or operations.

Subprime Auto Loan Investigations

Capital One has received a subpoena from the NYDA seeking information regarding the Company’s subprime auto finance business. Capital One has also received a subpoena from the DOJ’s New Jersey office requesting information related to subprime auto origination and securitization activities. Capital One is cooperating with both investigations.

Checking Account Overdraft Litigation

In May 2010, Capital One Financial Corporation and COBNA were named as defendants in a putative class action named Steen v. Capital One Financial Corporation, et al., filed in the U.S. District Court for the Eastern District of Louisiana. Plaintiff challenges practices relating to fees for overdraft and non-sufficient funds fees on consumer checking accounts. Plaintiff alleges that our methodology for posting transactions to customer accounts was designed to maximize the generation of overdraft fees, supporting claims for breach of contract, breach of the covenant of good faith and fair dealing, unconscionability, conversion, unjust enrichment and violations of state unfair trade practices laws. Plaintiff seeks a range of remedies, including restitution, disgorgement, injunctive relief, punitive damages and attorneys’ fees. In May 2010, the case was transferred to the Southern District of Florida for coordinated pre-trial proceedings as part of a multi-district litigation (“MDL”) involving numerous defendant banks, captioned In re Checking Account Overdraft Litigation. In January 2011, plaintiffs filed a second amended complaint against CONA in the MDL court. In February 2011, CONA filed a motion to dismiss the second amended complaint. In March 2011, the MDL court granted CONA’s motion to dismiss claims of breach of the covenant of good faith and fair dealing under Texas law, but denied the motion to dismiss in all other respects. In June 2012, the MDL court granted plaintiff’s motion for class certification. The parties reached an agreement to resolve the class claims in October 2014, and the court granted final approval of the proposed settlement in May 2015.

Intellectual Ventures Corp., et al.

In June 2013, Intellectual Ventures I, LLC and Intellectual Ventures II, LLC (collectively “IV”) sued Capital One Financial Corp., Capital One Bank (USA), N.A. and Capital One, N.A. (collectively “Capital One”) for patent infringement in the U.S. District Court for the Eastern District of Virginia. In the Complaint, IV alleges infringement of patents related to various business processes across the Capital One enterprise. IV simultaneously filed patent infringement actions against numerous other financial institutions on the same and other patents in several other federal courts. Capital One’s motion to dismiss was denied without prejudice in August 2013. Capital One filed an answer and counterclaim alleging antitrust violations. In December 2013, the court dismissed Capital One’s counterclaim and decided the parties’ arguments on claim construction. IV agreed to dismiss two patents in suit, and following claim construction, asked for a stipulation of non-infringement for one patent with an opportunity to appeal the court’s decision regarding claim construction. In April 2014, the court granted Capital One’s motion for summary judgment and found that the two remaining patents were either unpatentable or indefinite. In May 2014, IV appealed to the Federal Circuit, which affirmed the district court’s dismissal of all three remaining patents in July 2015.

In January 2014, IV filed a second suit against Capital One for patent infringement in the U.S. District Court for the District of Maryland. In the complaint, IV again alleges infringement of patents related to various business practices across the Capital One enterprise. IV has voluntarily dismissed one of the patents against Capital One. The parties are currently engaged in discovery and claim construction on the remaining patents. In March 2015, the court granted Capital One’s motion for leave to add a counterclaim for antitrust violations by IV.

Telephone Consumer Protection Act Litigation

In December 2012, the Capital One Telephone Consumer Protection Act (“TCPA”) Litigation Multi-district Litigation matter was created as a result of a transfer order issued by the U.S. Judicial Panel on Multi-district Litigation (“TCPA MDL”), which consolidated for pretrial proceedings in the U.S. District Court for the Northern District of Illinois three pending putative class actions-Bridgett Amadeck, et al. v. Capital One Financial Corporation, et al. (W.D. Washington); Nicholas Martin, et al. v. Capital One Bank (USA), N.A., et al. (N.D. Illinois); and Charles C. Patterson v. Capital One Bank (USA), N.A., et al. (N.D. Illinois) and several individual lawsuits. In February 2013, the putative class action plaintiffs in the TCPA MDL filed a Consolidated Master Class Action Complaint alleging that COBNA and/or entities acting on its behalf violated the TCPA by contacting consumers on their cellular telephones using an automatic telephone dialing system and/or artificial or prerecorded voice without first obtaining prior express consent to do so. The plaintiffs seek statutory damages for alleged negligent and willful violations of the TCPA, attorneys' fees, costs, and injunctive relief. In June 2014, the parties filed a settlement agreement resolving the litigation. The court granted preliminary approval of the class settlement in July 2014, and granted final approval in February 2015. The Seventh Circuit terminated appeals of the settlement in June 2015, and the settlement is now final.

Other Pending and Threatened Litigation

In addition, we are commonly subject to various pending and threatened legal actions relating to the conduct of our normal business activities. In the opinion of management, the ultimate aggregate liability, if any, arising out of all such other pending or threatened legal actions will not be material to our consolidated financial position or our results of operations.

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”).
Use of Estimates	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from these estimates.
Principles of Consolidation	The consolidated financial statements include the accounts of Capital One Financial Corporation and all other entities in which we have a controlling financial interest. We determine whether we have a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (“VIE”). All significant intercompany account balances and transactions have been eliminated.
New Accounting Standards	New Accounting Standards Adopted Accounting for Repurchase Transactions In June 2014, the Financial Accounting Standards Board (“FASB”) issued guidance that requires repurchase-to-maturity transactions to be accounted for as secured borrowings rather than sales. New disclosures are also required for certain transactions accounted for as secured borrowings and transfers accounted for as sales when the transferor retains substantially all of the exposure to the economic return on the transferred financial assets. Our adoption of the accounting guidance in the first quarter of 2015 did not have a significant impact on our financial condition, results of operations or liquidity as the guidance is consistent with our current practice. As required by the new guidance, the new disclosures are effective and have been provided beginning in the second quarter of 2015. Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period In June 2014, the FASB issued guidance clarifying that a performance target contained within a share-based payment award that affects vesting and can be achieved after the requisite service period has been completed is to be accounted for as a performance condition. Accordingly, the grantor of such awards should recognize compensation cost in the period in which it becomes probable that the performance target will be achieved. The amount of the compensation cost recognized should represent the cost attributable to the requisite service period fulfilled. The guidance is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. Our adoption of this guidance in the first quarter of 2015 did not have a significant impact on our financial condition, results of operations or liquidity as the guidance is consistent with our current practice. Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In April 2014, the FASB issued guidance raising the threshold for a disposal to qualify as a discontinued operation. Under the new guidance, a component of an entity or group of components that has been disposed by sale, disposed of other than by sale or is classified as held for sale and that represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results should be reported as discontinued operations. The guidance should be applied prospectively for disposals or classifications as held for sale of components of an entity that occur within annual and interim periods beginning after December 15, 2014, with early adoption permitted in certain circumstances. Our adoption of this guidance in the first quarter of 2015 did not have any effect on our consolidated financial statements due to the prospective transition provisions. Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure In January 2014, the FASB issued guidance clarifying when an entity should reclassify a consumer mortgage loan collateralized by residential real estate to foreclosed property. Reclassification should occur when the creditor obtains legal title to the residential real estate property or when the borrower conveys 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. An entity should not wait until a redemption period, if any, has expired to reclassify a consumer mortgage loan to foreclosed property. The guidance was effective for annual and interim periods beginning after December 15, 2014. Our adoption of this guidance in the first quarter of 2015 did not have a significant impact on our financial condition, results of operations or liquidity as the guidance is materially consistent with our current practice. Recently Issued but Not Yet Adopted Accounting Standards Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued guidance simplifying the presentation of debt issuance costs. Under the new guidance, the debt issuance costs related to a recognized debt liability will be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance should be applied retrospectively and is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. We are currently evaluating the potential impact of the new guidance on the consolidated financial statements.
Offsetting of Financial Assets and Liabilities	Offsetting of Financial Assets and Liabilities We execute the majority of our derivative transactions and repurchase agreements under master netting arrangements. Under our existing enforceable master netting arrangements, we generally have the right to offset exposure with the same counterparty. In addition, either counterparty can generally request the net settlement of all contracts through a single payment upon default on, or termination of, any one contract. As of January 1, 2015, the Company changed its accounting principle to begin offsetting derivative assets and liabilities for purposes of balance sheet presentation where a right of setoff exists. As of June 30, 2015 and December 31, 2014, derivative contracts that are executed bilaterally with a counterparty in the OTC market and then novated to and cleared through a central clearing house are not subject to offsetting due to current uncertainty about the legal enforceability of our right of setoff with the clearinghouses. The following table presents as of June 30, 2015 and December 31, 2014 the gross and net fair values of our derivative assets and liabilities and repurchase agreements, as well as the related offsetting amounts permitted under U.S. GAAP. The table also includes cash and non-cash collateral received or pledged associated with such arrangements. The collateral amounts shown are limited to the extent of the related net derivative fair values or outstanding balances, thus instances of over-collateralization are not shown

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of Results from Discontinued Operations

The following table summarizes the results from discontinued operations related to the closure of the mortgage origination operations of our wholesale mortgage banking unit:

Table 2.1: Results of Discontinued Operations



	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in millions)	2015		2014			2015		2014
Non-interest income (expense), net	$	18	$	(15	)	$	48	$	32
Income (loss) from discontinued operations before income taxes	18		(15		)	48		32
Income tax provision (benefit)	7		(5		)	18		12
Income (loss) from discontinued operations, net of tax	$	11	$	(10	)	$	30	$	20

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section 45
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
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-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760

+ Details

Investment Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of Investment Portfolio

The table below presents the overview of our investment portfolio at June 30, 2015 and December 31, 2014.

Table 3.1: Overview of Investment Portfolio



(Dollars in millions)	June 30, 2015		December 31, 2014
Securities available for sale, at fair value	$	39,136	$	39,508
Securities held to maturity, at carrying value	23,668		22,500
Total investments	$	62,804	$	62,008

Schedule of Available-for-Sale Securities

The table below presents the amortized cost, gross unrealized gains and losses, and fair value of securities available for sale at June 30, 2015 and December 31, 2014.

Table 3.2: Investment Securities Available for Sale



	June 30, 2015
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses⁽¹⁾			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	4,411	$	27	$	0		$	4,438
Corporate debt securities guaranteed by U.S. government agencies	425		2		(6		)	421
RMBS:
Agency⁽²⁾	23,529		252		(129		)	23,652
Non-agency	2,857		448		(11		)	3,294
Total RMBS	26,386		700		(140		)	26,946
CMBS:
Agency⁽²⁾	3,501		28		(45		)	3,484
Non-agency	1,765		28		(14		)	1,779
Total CMBS	5,266		56		(59		)	5,263
Other ABS⁽³⁾	1,728		3		(4		)	1,727
Other securities⁽⁴⁾	340		2		(1		)	341
Total investment securities available for sale	$	38,556	$	790	$	(210	)	$	39,136



	December 31, 2014
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses⁽¹⁾			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	4,114	$	5	$	(1	)	$	4,118
Corporate debt securities guaranteed by U.S. government agencies	819		1		(20		)	800
RMBS:
Agency⁽²⁾	21,804		296		(105		)	21,995
Non-agency	2,938		461		(13		)	3,386
Total RMBS	24,742		757		(118		)	25,381
CMBS:
Agency⁽²⁾	3,751		32		(60		)	3,723
Non-agency	1,780		31		(15		)	1,796
Total CMBS	5,531		63		(75		)	5,519
Other ABS⁽³⁾	2,618		54		(10		)	2,662
Other securities⁽⁴⁾	1,035		6		(13		)	1,028
Total investment securities available for sale	$	38,859	$	886	$	(237	)	$	39,508

__________


⁽¹⁾	Includes non-credit related other-than-temporary impairment (“OTTI”) that remains in accumulated other comprehensive income (“AOCI”) of $10 million and $8 million as of June 30, 2015 and December 31, 2014, respectively. Substantially all of this amount is related to non-agency RMBS.


⁽²⁾	Includes Federal National Mortgage Association (“Fannie Mae”), Federal Home Loan Mortgage Corporation (“Freddie Mac”) and Government National Mortgage Association (“Ginnie Mae”).


⁽³⁾	ABS collateralized by credit card loans constituted approximately 63% and 56% of the other ABS portfolio as of June 30, 2015 and December 31, 2014, respectively, and ABS collateralized by auto dealer floor plan inventory loans and leases constituted approximately 13% and 16% of the other ABS portfolio as of June 30, 2015 and December 31, 2014, respectively.


⁽⁴⁾	Includes foreign government bonds, corporate bonds, municipal securities and equity investments primarily related to activities under the Community Reinvestment Act (“CRA”).

Investment Securities Held to Maturity

The table below presents the carrying value, gross unrealized gains and losses, and fair value of securities held to maturity at June 30, 2015 and December 31, 2014.

Table 3.3: Investment Securities Held to Maturity



	June 30, 2015
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI⁽¹⁾			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	198	$	0		$	198	$	1	$	0		$	199
Agency RMBS	21,732		(1,118		)	20,614		804		(47		)	21,371
Agency CMBS	2,969		(113		)	2,856		92		(7		)	2,941
Total investment securities held to maturity	$	24,899	$	(1,231	)	$	23,668	$	897	$	(54	)	$	24,511



	December 31, 2014
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI⁽¹⁾			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Agency RMBS	$	21,347	$	(1,184	)	$	20,163	$	1,047	$	0		$	21,210
Agency CMBS	2,457		(120		)	2,337		93		(6		)	2,424
Total investment securities held to maturity	$	23,804	$	(1,304	)	$	22,500	$	1,140	$	(6	)	$	23,634

__________


⁽¹⁾	Represents the unrealized holding gain or loss at the date of transfer from available for sale to held to maturity, net of any subsequent accretion. Any bonds purchased into the securities held for maturity portfolio rather than transferred, will not have unrealized losses recognized in AOCI.

Schedule of Available-for-Sale Securities in Gross Unrealized Loss Position

Table 3.4: Securities in an Unrealized Loss Position



	June 30, 2015
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Investment securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	28	$	0		$	301	$	(6	)	$	329	$	(6	)
RMBS:
Agency	7,942		(59		)	3,479		(70		)	11,421		(129		)
Non-agency	355		(6		)	99		(5		)	454		(11		)
Total RMBS	8,297		(65		)	3,578		(75		)	11,875		(140		)
CMBS:
Agency	506		(3		)	1,458		(42		)	1,964		(45		)
Non-agency	560		(6		)	307		(8		)	867		(14		)
Total CMBS	1,066		(9		)	1,765		(50		)	2,831		(59		)
Other ABS	432		0			428		(4		)	860		(4		)
Other securities	26		0			20		(1		)	46		(1		)
Total investment securities available for sale in a gross unrealized loss position	$	9,849	$	(74	)	$	6,092	$	(136	)	$	15,941	$	(210	)



	December 31, 2014
	Less than 12 Months					12 Months or Longer					Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Investment securities available for sale:
U.S. Treasury securities	$	1,499	$	(1	)	$	0	$	0		$	1,499	$	(1	)
Corporate debt securities guaranteed by U.S. government agencies	113		(2		)	557		(18		)	670		(20		)
RMBS:
Agency	3,917		(15		)	4,413		(90		)	8,330		(105		)
Non-agency	412		(9		)	90		(4		)	502		(13		)
Total RMBS	4,329		(24		)	4,503		(94		)	8,832		(118		)
CMBS:
Agency	294		(2		)	1,993		(58		)	2,287		(60		)
Non-agency	258		(1		)	681		(14		)	939		(15		)
Total CMBS	552		(3		)	2,674		(72		)	3,226		(75		)
Other ABS	783		(1		)	586		(9		)	1,369		(10		)
Other securities	106		0			551		(13		)	657		(13		)
Total investment securities available for sale in a gross unrealized loss position	$	7,382	$	(31	)	$	8,871	$	(206	)	$	16,253	$	(237	)

Schedule of Contractual Maturities for Securities

Table 3.6: Contractual Maturities of Securities Held to Maturity



	June 30, 2015
(Dollars in millions)	Carrying Value		Fair Value
Due after 1 year through 5 years	$	198	$	199
Due after 5 years through 10 years	1,148		1,221
Due after 10 years	22,322		23,091
Total	$	23,668	$	24,511

The following tables summarize the remaining scheduled contractual maturities, assuming no prepayments, of our investment securities as of June 30, 2015.

Table 3.5: Contractual Maturities of Securities Available for Sale



	June 30, 2015
(Dollars in millions)	Amortized Cost		Fair Value
Due in 1 year or less	$	841	$	841
Due after 1 year through 5 years	5,724		5,758
Due after 5 years through 10 years	2,031		2,058
Due after 10 years⁽¹⁾	29,960		30,479
Total	$	38,556	$	39,136

__________


⁽¹⁾	Investments with no stated maturities, which consist of equity securities, are included with contractual maturities due after 10 years.

Schedule of Expected Maturities and Weighted Average Yields of Investment Securities by Major Security Type

The table below summarizes, by major security type, the expected maturities and weighted-average yields of our investment securities as of June 30, 2015.

Table 3.7: Expected Maturities and Weighted-Average Yields of Securities



	June 30, 2015
(Dollars in millions)	Due in 1 Year or Less			Due > 1 Year through 5 Years			Due > 5 Years through 10 Years			Due > 10 Years			Total
Fair value of securities available for sale:
U.S. Treasury securities	$	551		$	3,887		$	0		$	0		$	4,438
Corporate debt securities guaranteed by U.S. government agencies	0			295			126			0			421
RMBS:
Agency	216			11,642			11,794			0			23,652
Non-agency	9			950			1,664			671			3,294
Total RMBS	225			12,592			13,458			671			26,946
CMBS:
Agency	88			1,931			1,446			19			3,484
Non-agency	158			478			1,143			0			1,779
Total CMBS	246			2,409			2,589			19			5,263
Other ABS	358			1,177			192			0			1,727
Other securities	64			62			126			89			341
Total securities available for sale	$	1,444		$	20,422		$	16,491		$	779		$	39,136
Amortized cost of securities available for sale	$	1,448		$	20,184		$	16,226		$	698		$	38,556
Weighted-average yield for securities available for sale⁽¹⁾	1.12		%	2.18		%	2.94		%	5.60		%	2.52		%
Carrying value of securities held to maturity:
U.S. Treasury securities	$	0		$	198		$	0		$	0		$	198
Agency RMBS	13			638			16,658			3,305			20,614
Agency CMBS	0			60			2,457			339			2,856
Total securities held for maturity	$	13		$	896		$	19,115		$	3,644		$	23,668
Fair value of securities held to maturity	$	14		$	917		$	19,846		$	3,734		$	24,511
Weighted-average yield for securities held to maturity⁽¹⁾	5.67		%	2.95		%	2.53		%	3.44		%	2.69		%

__________


⁽¹⁾	The weighted-average yield represents the effective yield for the investment securities and is calculated based on the amortized cost of each security.

Schedule of Credit Losses Related to Debt Securities Recognized in Earnings

Table 3.8: Credit Impairment Rollforward



	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in millions)	2015		2014			2015		2014
Credit loss component, beginning of period	$	190	$	165		$	175	$	160
Additions:
Initial credit impairment	0		0			5		1
Subsequent credit impairment	2		1			12		5
Total additions	2		1			17		6
Reductions due to payoffs, disposals, transfers and other	0		(1		)	0		(1		)
Credit loss component, end of period	$	192	$	165		$	192	$	165

Schedule of Gross Realized Gains and Losses on Sale and Redemption of Available-for-Sale Securities Recognized in Earnings

Table 3.9: Realized Gains and Losses and OTTI Recognized in Earnings



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Realized gains (losses):
Gross realized gains	$	8		$	2		$	17		$	34
Gross realized losses	(9		)	(3		)	(16		)	(22		)
Net realized (losses) gains	(1		)	(1		)	1			12
OTTI recognized in earnings:
Credit-related OTTI	(2		)	(1		)	(17		)	(6		)
Intent-to-sell OTTI	(5		)	0			(5		)	0
Total OTTI recognized in earnings	(7		)	(1		)	(22		)	(6		)
Net securities (losses) gains	$	(8	)	$	(2	)	$	(21	)	$	6

Total proceeds from sales	$	971		$	583		$	2,313		$	3,559

Schedule of Outstanding Contractual Balance and Carrying Value of Credit-Impaired ING Direct Debt Securities

The table below presents the outstanding balance and carrying value of the acquired credit-impaired debt securities as of June 30, 2015 and December 31, 2014.

Table 3.10: Outstanding Balance and Carrying Value of Acquired Securities



(Dollars in millions)	June 30, 2015		December 31, 2014
Outstanding balance	$	3,526	$	3,768
Carrying value	2,677		2,839

Schedule of Changes in Accretable Yield of Acquired Securities

The following table presents changes in the accretable yield related to the acquired credit-impaired debt securities:

Table 3.11: Changes in the Accretable Yield of Acquired Credit-Impaired Debt Securities



(Dollars in millions)	Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
Accretable yield, beginning of period	$	1,171		$	1,250
Accretion recognized in earnings	(62		)	(123		)
Reduction due to payoffs, disposals, transfers and other	0			(1		)
Net reclassifications from nonaccretable difference	83			66
Accretable yield, end of period	$	1,192		$	1,192

Loans (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Loan Portfolio Composition and Aging Analysis

The table below presents the composition and an aging analysis of our loans held for investment portfolio, which includes restricted loans for securitization investors, as of June 30, 2015 and December 31, 2014. The delinquency aging includes all past due loans, both performing and nonperforming.

Table 4.1: Loan Portfolio Composition and Aging Analysis



	June 30, 2015
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans			Acquired Loans		Total Loans
Credit Card:
Domestic credit card⁽¹⁾	$	76,741	$	777	$	489	$	977	$	2,243		$	0	$	78,984
International credit card	7,949		108		60		102		270			0		8,219
Total credit card	84,690		885		549		1,079		2,513			0		87,203
Consumer Banking:
Auto	37,598		1,573		660		160		2,393			0		39,991
Home loan	6,553		45		27		191		263			20,779		27,595
Retail banking	3,507		16		10		20		46			37		3,590
Total consumer banking	47,658		1,634		697		371		2,702			20,816		71,176
Commercial Banking:
Commercial and multifamily real estate	22,809		19		0		21		40			37		22,886
Commercial and industrial	27,267		101		12		163		276			117		27,660
Total commercial lending	50,076		120		12		184		316			154		50,546
Small-ticket commercial real estate	680		2		2		1		5			0		685
Total commercial banking	50,756		122		14		185		321			154		51,231
Other loans	82		4		2		7		13			0		95
Total loans⁽²⁾	$	183,186	$	2,645	$	1,262	$	1,642	$	5,549		$	20,970	$	209,705
% of Total loans	87.35%		1.26%		0.60%		0.79%		2.65		%	10.00%		100.00		%



	December 31, 2014
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans			Acquired Loans		Total Loans
Credit Card:
Domestic credit card⁽¹⁾	$	75,143	$	790	$	567	$	1,181	$	2,538		$	23	$	77,704
International credit card	7,878		114		69		111		294			0		8,172
Total credit card	83,021		904		636		1,292		2,832			23		85,876
Consumer Banking:
Auto	35,142		1,751		734		197		2,682			0		37,824
Home loan	6,492		57		27		218		302			23,241		30,035
Retail banking	3,496		17		7		16		40			44		3,580
Total consumer banking	45,130		1,825		768		431		3,024			23,285		71,439
Commercial Banking:
Commercial and multifamily real estate	22,974		74		7		36		117			46		23,137
Commercial and industrial	26,753		29		10		34		73			146		26,972
Total commercial lending	49,727		103		17		70		190			192		50,109
Small-ticket commercial real estate	771		6		1		3		10			0		781
Total commercial banking	50,498		109		18		73		200			192		50,890
Other loans	97		3		2		9		14			0		111
Total loans⁽²⁾	$	178,746	$	2,841	$	1,424	$	1,805	$	6,070		$	23,500	$	208,316
% of Total loans	85.81%		1.36%		0.68%		0.87%		2.91		%	11.28%		100.00		%

__________


⁽¹⁾	Includes installment loans of $107 million and $144 million as of June 30, 2015 and December 31, 2014, respectively.


⁽²⁾	Loans as presented are net of unearned income, unamortized premiums and discounts, and unamortized deferred fees and costs totaling $935 million and $1.1 billion as of June 30, 2015 and December 31, 2014, respectively.

90 Plus Day Delinquent Loans Accruing Interest and Nonperforming Loans

Table 4.2 presents loans 90 days or more past due that continue to accrue interest and loans classified as nonperforming as of June 30, 2015 and December 31, 2014.

Table 4.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans⁽¹⁾



	June 30, 2015				December 31, 2014
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Credit Card:
Domestic credit card	$	977	$	0	$	1,181	$	0
International credit card	64		68		73		70
Total credit card	1,041		68		1,254		70
Consumer Banking:
Auto	0		160		0		197
Home loan	0		313		0		330
Retail banking	1		28		1		22
Total consumer banking	1		501		1		549
Commercial Banking:
Commercial and multifamily real estate	0		27		7		62
Commercial and industrial	6		433		1		106
Total commercial lending	6		460		8		168



	June 30, 2015				December 31, 2014
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Small-ticket commercial real estate	0		3		0		7
Total commercial banking	6		463		8		175
Other loans	0		10		0		15
Total	$	1,048	$	1,042	$	1,263	$	809
% of Total loans	0.50%		0.50%		0.61%		0.39%

__________


⁽¹⁾	Nonperforming loans generally include loans that have been placed on nonaccrual status. Acquired Loans are excluded from loans reported as 90 days and accruing interest as well as nonperforming loans.

Accounts, Notes, Loans and Financing Receivable [Line Items]

Individually Impaired Loans, Excluding Acquired Loans

Table 4.9: Impaired Loans⁽¹⁾



	June 30, 2015
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance
Credit Card:
Domestic credit card	$	532	$	0	$	532	$	139	$	393	$	517
International credit card	138		0		138		67		71		133
Total credit card⁽²⁾	670		0		670		206		464		650
Consumer Banking:
Auto⁽³⁾	254		207		461		21		440		732
Home loan	215		148		363		15		348		460
Retail banking	51		6		57		11		46		59
Total consumer banking	520		361		881		47		834		1,251
Commercial Banking:
Commercial and multifamily real estate	95		11		106		19		87		118
Commercial and industrial	299		265		564		53		511		592
Total commercial lending	394		276		670		72		598		710
Small-ticket commercial real estate	4		0		4		0		4		4
Total commercial banking	398		276		674		72		602		714
Total	$	1,588	$	637	$	2,225	$	325	$	1,900	$	2,615



	Three Months Ended				Six Months Ended
	June 30, 2015				June 30, 2015
(Dollars in millions)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Credit Card:
Domestic credit card	$	535	$	14	$	539	$	28
International credit card	136		3		139		5
Total credit card⁽²⁾	671		17		678		33
Consumer Banking:
Auto⁽³⁾	457		20		450		41
Home loan	364		1		365		2
Retail banking	56		1		54		1
Total consumer banking	877		22		869		44
Commercial Banking:
Commercial and multifamily real estate	113		1		124		2
Commercial and industrial	388		1		330		2
Total commercial lending	501		2		454		4
Small-ticket commercial real estate	8		0		8		0
Total commercial banking	509		2		462		4
Total	$	2,057	$	41	$	2,009	$	81



	December 31, 2014
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance
Credit Card:
Domestic credit card	$	546	$	0	$	546	$	145	$	401	$	531
International credit card	146		0		146		74		72		141
Total credit card⁽²⁾	692		0		692		219		473		672
Consumer Banking:
Auto⁽³⁾	230		205		435		19		416		694
Home loan	218		149		367		17		350		472
Retail banking	45		5		50		6		44		52
Total consumer banking	493		359		852		42		810		1,218
Commercial Banking:
Commercial and multifamily real estate	120		26		146		23		123		163
Commercial and industrial	161		55		216		16		200		233
Total commercial lending	281		81		362		39		323		396
Small-ticket commercial real estate	3		5		8		0		8		10
Total commercial banking	284		86		370		39		331		406
Total	$	1,469	$	445	$	1,914	$	300	$	1,614	$	2,296



	Three Months Ended				Six Months Ended
	June 30, 2014				June 30, 2014
(Dollars in millions)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Credit Card:
Domestic credit card	$	573	$	15	$	585	$	30
International credit card	165		3		167		6
Total credit card⁽²⁾	738		18		752		36
Consumer Banking:
Auto⁽³⁾	373		17		367		34
Home loan	408		2		404		3
Retail banking	77		0		81		1
Total consumer banking	858		19		852		38
Commercial Banking:
Commercial and multifamily real estate	200		1		180		3
Commercial and industrial	178		1		180		2
Total commercial lending	378		2		360		5
Small-ticket commercial real estate	11		0		9		0
Total commercial banking	389		2		369		5
Total	$	1,985	$	39	$	1,973	$	79

__________


⁽¹⁾	Impaired loans include loans modified in Troubled Debt Restructurings (“TDRs”), all nonperforming commercial loans, and nonperforming home loans with a specific impairment.


⁽²⁾	Credit card loans include finance charges and fees.


⁽³⁾	Although auto loans from loan recovery inventory are not reported in our loans held for investment, they are included as impaired loans above since they are reported as TDRs.

TDR Disclosures in Progress Financial Impact of Modification

The following tables present the types, recorded investment amounts and financial effects of loans modified in TDRs during the three and six months ended June 30, 2015 and 2014:

Table 4.10: Troubled Debt Restructurings



	Total Loans Modified⁽¹⁾		Three Months Ended June 30, 2015
			Reduced Interest Rate			Term Extension			Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾		% of TDR Activity⁽³⁾⁽⁵⁾		Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾		Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	68	100%	12.03	%	0	%	0	0	%	$	0
International credit card	30		100	25.95		0		0	0		0
Total credit card	98		100	16.25		0		0	0		0
Consumer Banking:
Auto	81		40	4.11		68		7	31		23
Home loan	10		37	3.17		60		188	23		0
Retail banking	5		3	6.93		76		7	0		0
Total consumer banking	96		37	4.03		67		23	29		23
Commercial Banking:
Commercial and multifamily real estate	0		0	0.00		0		0	100		0
Commercial and industrial	30		0	1.14		98		4	0		0
Total commercial lending	30		0	1.14		98		4	0		0
Small-ticket commercial real estate	1		0	0.00		0		0	0		0
Total commercial banking	31		0	1.14		97		4	0		0
Total	$	225	60	12.98		42		17	12		$	23



	Total Loans Modified⁽¹⁾		Six Months Ended June 30, 2015
			Reduced Interest Rate		Term Extension		Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾	% of TDR Activity⁽³⁾⁽⁵⁾	Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾		Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	140	100%	12.08%	0%	0	0	%	$	0
International credit card	62		100	25.86	0	0	0		0
Total credit card	202		100	16.32	0	0	0		0
Consumer Banking:
Auto	169		41	2.82	69	8	30		45
Home loan	17		50	2.98	62	181	13		0
Retail banking	10		31	8.09	83	6	0		0
Total consumer banking	196		41	3.05	70	22	27		45
Commercial Banking:
Commercial and multifamily real estate	3		0	0.00	97	34	78		1
Commercial and industrial	51		0	1.50	59	5	0		0
Total commercial lending	54		0	1.50	61	7	4		1
Small-ticket commercial real estate	1		0	0.00	0	0	0		0
Total commercial banking	55		0	1.50	60	7	4		1
Total	$	453	62	12.55	37	19	12		$	46



	Total Loans Modified⁽¹⁾		Three Months Ended June 30, 2014
			Reduced Interest Rate		Term Extension		Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾	% of TDR Activity⁽³⁾⁽⁵⁾	Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾	Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	64	100%	11.54%	0%	0	0%	$	0
International credit card	38		100	25.46	0	0	0	0
Total credit card	102		100	16.83	0	0	0	0
Consumer Banking:
Auto	69		32	1.45	58	9	41	25
Home loan	11		38	2.32	33	164	4	0
Retail banking	2		5	7.57	95	10	0	0
Total consumer banking	82		32	1.62	56	22	34	25
Commercial Banking:
Commercial and multifamily real estate	4		0	0.00	0	0	100	2
Commercial and industrial	12		0	0.00	57	11	0	0
Total commercial lending	16		0	0.00	42	11	26	2
Small-ticket commercial real estate	1		0	0.00	0	0	0	0
Total commercial banking	17		0	0.00	39	11	24	2
Total	$	201	64	13.73	26	20	16	$	27



	Total Loans Modified⁽¹⁾		Six Months Ended June 30, 2014
			Reduced Interest Rate		Term Extension			Balance Reduction
(Dollars in millions)			% of TDR Activity⁽²⁾⁽³⁾	Average Rate Reduction⁽⁴⁾	% of TDR Activity⁽³⁾⁽⁵⁾		Average Term Extension (Months)⁽⁶⁾	% of TDR Activity⁽³⁾⁽⁷⁾	Gross Balance Reduction⁽⁸⁾
Credit Card:
Domestic credit card	$	131	100%	11.52%	0	%	0	0%	$	0
International credit card	81		100	25.33	0		0	0	0
Total credit card	212		100	16.83	0		0	0	0
Consumer Banking:
Auto	146		36	1.02	63		9	36	47
Home loan	19		30	2.04	32		153	8	1
Retail banking	8		7	5.07	71		7	0	0
Total consumer banking	173		34	1.16	60		18	31	48
Commercial Banking:
Commercial and multifamily real estate	66		31	1.28	94		8	6	2
Commercial and industrial	13		0	0.00	58		11	0	0
Total commercial lending	79		26	1.10	88		9	5	2
Small-ticket commercial real estate	1		0	0.00	0		0	0	0
Total commercial banking	80		26	1.08	87		9	5	2
Total	$	465	63	12.55	37		14	13	$	50

__________


⁽¹⁾	Represents total loans modified and accounted for as TDRs during the period. Paydowns, net charge-offs and any other changes in the loan carrying value subsequent to the loan entering TDR status are not reflected.


⁽²⁾	Represents percentage of loans modified and accounted for as TDRs during the period that were granted a reduced interest rate.


⁽³⁾	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.


⁽⁴⁾	Represents weighted average interest rate reduction for those loans that received an interest rate concession.


⁽⁵⁾	Represents percentage of loans modified and accounted for as TDRs during the period that were granted a maturity date extension.


⁽⁶⁾	Represents weighted average change in maturity date for those loans that received a maturity date extension.


⁽⁷⁾	Represents percentage of loans modified and accounted for as TDRs during the period that were granted forgiveness or forbearance of a portion of their balance.


⁽⁸⁾	Total amount represents the gross balance forgiven. For loans modified in bankruptcy, the gross balance reduction represents collateral value write downs associated with the discharge of the borrower’s obligations.

Table 4.11: TDR - Subsequent Defaults



	Three Months Ended			Six Months Ended
	June 30, 2015			June 30, 2015
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	9,661	$	16	19,328	$	32
International credit card⁽¹⁾	8,624	23		17,172	43
Total credit card	18,285	39		36,500	75
Consumer Banking:
Auto	2,128	24		3,875	44
Home loan	2	0		7	0
Retail banking	4	0		14	1
Total consumer banking	2,134	24		3,896	45
Commercial Banking:
Commercial and multifamily real estate	0	0		0	0
Commercial and industrial	3	17		3	17
Total commercial lending	3	17		3	17
Small-ticket commercial real estate	0	0		0	0
Total commercial banking	3	17		3	17
Total	20,422	$	80	40,399	$	137



	Three Months Ended			Six Months Ended
	June 30, 2014			June 30, 2014
(Dollars in millions)	Number of Contracts	Total Loans		Number of Contracts	Total Loans
Credit Card:
Domestic credit card	9,559	$	15	20,620	$	31
International credit card⁽¹⁾	9,883	30		20,404	60
Total credit card	19,442	45		41,024	91
Consumer Banking:
Auto	1,651	18		2,973	31
Home loan	4	0		10	2
Retail banking	15	2		40	9
Total consumer banking	1,670	20		3,023	42
Commercial Banking:
Commercial and multifamily real estate	1	0		4	6
Commercial and industrial	1	1		2	1
Total commercial lending	2	1		6	7
Small-ticket commercial real estate	2	1		8	3
Total commercial banking	4	2		14	10
Total	21,116	$	67	44,061	$	143

_______________


⁽¹⁾	The regulatory regime in the U.K. requires U.K. credit card businesses to accept payment plan proposals even when the proposed payments are less than the contractual minimum amount. As a result, loans entering long-term TDR payment programs in the U.K. typically continue to age and ultimately charge-off even when fully in compliance with the TDR program terms.

Outstanding Balance and Carrying Value of Acquired Loans

Table 4.12: Acquired Loans Accounted for Based on Expected Cash Flows



	June 30, 2015						December 31, 2014
(Dollars in millions)	Total		Impaired Loans		Non-Impaired Loans		Total		Impaired Loans		Non-Impaired Loans
Outstanding balance	$	22,604	$	4,006	$	18,598	$	25,201	$	4,279	$	20,922
Carrying value⁽¹⁾	20,974		2,699		18,275		23,519		2,882		20,637

__________


⁽¹⁾	Includes $34 million and $27 million of allowance for loan and lease losses for these loans as of June 30, 2015 and December 31, 2014, respectively. We recorded a $7 million provision and a $6 million release of the allowance for credit losses for the six months ended June 30, 2015 and 2014, respectively, for certain pools of Acquired Loans.

Changes in Accretable Yield on Acquired Loans

The following table presents changes in the accretable yield on loans related to the CCB, ING Direct, and 2012 U.S. card acquisitions:

Table 4.13: Changes in Accretable Yield on Acquired Loans



	Three Months Ended June 30, 2015									Six Months Ended June 30, 2015
(Dollars in millions)	Total Loans			Impaired Loans			Non-Impaired Loans			Total Loans			Impaired Loans			Non-Impaired Loans
Accretable yield, beginning of period	$	4,561		$	1,527		$	3,034		$	4,653		$	1,485		$	3,168
Accretion recognized in earnings	(208		)	(70		)	(138		)	(445		)	(157		)	(288		)
Reclassifications from (to) nonaccretable difference for loans with changing cash flows⁽¹⁾	(1		)	0			(1		)	34			45			(11		)
Changes in accretable yield for non-credit related changes in expected cash flows⁽²⁾	(355		)	(45		)	(310		)	(245		)	39			(284		)
Accretable yield, end of period	$	3,997		$	1,412		$	2,585		$	3,997		$	1,412		$	2,585

__________


⁽¹⁾	Represents changes in accretable yield for those loans in pools that are driven primarily by credit performance.


⁽²⁾	Represents changes in accretable yield for those loans in pools that are driven primarily by changes in actual and estimated prepayments.

Credit Card Portfolio Segment [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Concentration Risk, by Risk Factor, Including Delinquency and Performing Status

Table 4.3: Credit Card: Risk Profile by Geographic Region and Delinquency Status



	June 30, 2015			December 31, 2014
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Domestic credit card:
California	$	8,891	10.2%	$	8,574	10.0%
New York	5,785		6.6	5,610		6.5
Texas	5,581		6.4	5,382		6.3
Florida	4,968		5.7	4,794		5.6
Illinois	3,733		4.3	3,747		4.4
Pennsylvania	3,430		3.9	3,581		4.2
Ohio	3,050		3.5	3,075		3.6
New Jersey	2,903		3.3	2,868		3.3
Michigan	2,665		3.1	2,681		3.1
Other	37,978		43.6	37,392		43.5
Total domestic credit card	78,984		90.6	77,704		90.5
International credit card:
Canada	4,867		5.6	4,747		5.5
United Kingdom	3,352		3.8	3,425		4.0
Total international credit card	8,219		9.4	8,172		9.5
Total credit card	$	87,203	100.0%	$	85,876	100.0	%
Selected credit metrics:⁽²⁾
30+ day delinquencies	$	2,513	2.88%	$	2,832	3.30%
90+ day delinquencies	1,079		1.24	1,292		1.50

__________


⁽¹⁾	Percentages by geographic region within the domestic and international credit card portfolios are calculated based on the total held for investment credit card loans as of the end of the reported period.


⁽²⁾	Calculated by dividing delinquent credit card loans by the total balance of credit card loans held for investment as of the end of the reported period.

Schedule of Net Charge-Offs

Table 4.4: Credit Card: Net Charge-offs



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
(Dollars in millions)	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾
Net charge-offs:
Domestic credit card	$	650	3.42%	$	610	3.52%	$	1,314	3.49%	$	1,310	3.77%
International credit card	53		2.65	75		3.93	108		2.73	155		4.05
Total credit card	$	703	3.35	$	685	3.56	$	1,422	3.42	$	1,465	3.79

__________


⁽¹⁾	Calculated for each loan category by dividing annualized net charge-offs for the period by average loans held for investment during the period.

Consumer Portfolio Segment [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Concentration Risk, by Risk Factor, Including Delinquency and Performing Status

Table 4.5: Consumer Banking: Risk Profile by Geographic Region, Delinquency Status and Performing Status



	June 30, 2015			December 31, 2014
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Auto:
Texas	$	5,383	7.6%	$	5,248	7.4%
California	4,367		6.1	4,081		5.7
Florida	3,062		4.3	2,737		3.8
Georgia	2,169		3.1	2,066		2.9
Louisiana	1,872		2.6	1,773		2.5
Illinois	1,784		2.5	1,676		2.4
Ohio	1,654		2.3	1,566		2.2
Other	19,700		27.7	18,677		26.1
Total auto	39,991		56.2	37,824		53.0
Home loan:
California	6,412		9.0	6,943		9.7
New York	2,313		3.2	2,452		3.4
Illinois	1,697		2.4	1,873		2.6
Maryland	1,624		2.3	1,720		2.4
Virginia	1,452		2.0	1,538		2.2
New Jersey	1,405		2.0	1,529		2.1
Florida	1,253		1.8	1,375		1.9



	June 30, 2015			December 31, 2014
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Other	11,439		16.1	12,605		17.7
Total home loan	27,595		38.8	30,035		42.0
Retail banking:
Louisiana	1,128		1.6	1,120		1.5
New York	891		1.2	881		1.2
Texas	752		1.0	756		1.1
New Jersey	255		0.4	265		0.4
Maryland	170		0.2	167		0.2
Virginia	142		0.2	132		0.2
California	49		0.1	52		0.1
Other	203		0.3	207		0.3
Total retail banking	3,590		5.0	3,580		5.0
Total consumer banking	$	71,176	100.0%	$	71,439	100.0%



	June 30, 2015										December 31, 2014
	30+ day Delinquencies			90+ day Delinquencies				Nonperforming Loans			30+ day Delinquencies			90+ day Delinquencies			Nonperforming Loans
(Dollars in millions)	Amount		Rate	Amount		Rate		Amount		Rate	Amount		Rate	Amount		Rate	Amount		Rate
Auto	$	2,393	5.98%	$	160	0.40	%	$	160	0.40%	$	2,682	7.09%	$	197	0.52%	$	197	0.52	%
Home Loan⁽²⁾	263		0.95	191		0.69		313		1.13	302		1.01	218		0.73	330		1.10
Retail Banking	46		1.28	20		0.55		28		0.79	40		1.11	16		0.44	22		0.61
Total Consumer Banking⁽²⁾	$	2,702	3.80	$	371	0.52		$	501	0.70	$	3,024	4.23	$	431	0.60	$	549	0.77

__________


⁽¹⁾	Percentages by geographic region are calculated based on the total held for investment consumer banking loans as of the end of the reported period.

⁽²⁾

Schedule of Net Charge-Offs

Table 4.6: Consumer Banking: Net Charge-offs



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
(Dollars in millions)	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾
Net charge-offs:
Auto	$	121	1.22%	$	111	1.31%	$	269	1.38%	$	245	1.48%
Home loan	3		0.04	5		0.05	5		0.03	10		0.06
Retail banking	12		1.39	6		0.70	21		1.18	15		0.82
Total consumer banking	$	136	0.76	$	122	0.69	$	295	0.83	$	270	0.76

__________

⁽¹⁾

Consumer Portfolio Segment [Member] | Home loan

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Concentration of Risk, by Risk Factor

The following table presents the distribution of our home loan portfolio as of June 30, 2015 and December 31, 2014, based on selected key risk characteristics.

Table 4.7: Home Loan: Risk Profile by Vintage, Geography, Lien Priority and Interest Rate Type



	June 30, 2015
	Loans			Acquired Loans			Total Home Loans
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Origination year:⁽²⁾
< = 2006	$	2,554	9.3%	$	5,271	19.1%	$	7,825	28.4%
2007	294		1.1	4,475		16.2	4,769		17.3
2008	172		0.6	3,155		11.4	3,327		12.0
2009	106		0.4	1,735		6.3	1,841		6.7
2010	107		0.4	2,590		9.4	2,697		9.8
2011	196		0.7	2,963		10.7	3,159		11.4
2012	1,443		5.2	461		1.7	1,904		6.9
2013	604		2.2	75		0.3	679		2.5
2014	720		2.6	31		0.1	751		2.7
2015	620		2.2	23		0.1	643		2.3
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0%
Geographic concentration:⁽³⁾
California	$	939	3.4%	$	5,473	19.8%	$	6,412	23.2%
New York	1,336		4.9	977		3.5	2,313		8.4
Illinois	94		0.3	1,603		5.8	1,697		6.1
Maryland	484		1.8	1,140		4.1	1,624		5.9
Virginia	410		1.5	1,042		3.8	1,452		5.3
New Jersey	334		1.2	1,071		3.9	1,405		5.1
Florida	163		0.6	1,090		3.9	1,253		4.5
Arizona	87		0.3	1,109		4.0	1,196		4.3
Louisiana	1,140		4.1	33		0.2	1,173		4.3
Washington	110		0.4	913		3.3	1,023		3.7
Other	1,719		6.2	6,328		23.0	8,047		29.2
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0	%
Lien type:
1^st lien	$	5,807	21.0%	$	20,444	74.1%	$	26,251	95.1%
2^nd lien	1,009		3.7	335		1.2	1,344		4.9
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0%
Interest rate type:
Fixed rate	$	2,654	9.6%	$	2,516	9.1%	$	5,170	18.7%
Adjustable rate	4,162		15.1	18,263		66.2	22,425		81.3
Total	$	6,816	24.7%	$	20,779	75.3%	$	27,595	100.0%



	December 31, 2014
	Loans				Acquired Loans				Total Home Loans
(Dollars in millions)	Amount		% of Total⁽¹⁾		Amount		% of Total⁽¹⁾		Amount		% of Total⁽¹⁾
Origination year:⁽²⁾
< = 2006	$	2,827	9.4%		$	5,715	19.1	%	$	8,542	28.5	%
2007	320		1.1		4,766		15.8		5,086		16.9
2008	187		0.6		3,494		11.7		3,681		12.3
2009	107		0.4		1,999		6.6		2,106		7.0
2010	120		0.4		3,108		10.3		3,228		10.7
2011	221		0.7		3,507		11.7		3,728		12.4
2012	1,620		5.4		533		1.8		2,153		7.2
2013	661		2.2		85		0.3		746		2.5
2014	731		2.4		34		0.1		765		2.5
Total	$	6,794	22.6	%	$	23,241	77.4%		$	30,035	100.0%
Geographic concentration:⁽³⁾
California	$	924	3.1%		$	6,019	20.0%		$	6,943	23.1%
New York	1,379		4.6		1,073		3.6		2,452		8.2
Illinois	86		0.3		1,787		5.9		1,873		6.2
Maryland	457		1.5		1,263		4.2		1,720		5.7
Virginia	385		1.3		1,153		3.8		1,538		5.1
New Jersey	341		1.1		1,188		4.0		1,529		5.1
Florida	161		0.5		1,214		4.1		1,375		4.6
Arizona	89		0.3		1,215		4.1		1,304		4.4
Louisiana	1,205		4.0		38		0.1		1,243		4.1
Washington	109		0.4		1,038		3.4		1,147		3.8
Other	1,658		5.5		7,253		24.2		8,911		29.7
Total	$	6,794	22.6%		$	23,241	77.4%		$	30,035	100.0%
Lien type:
1^st lien	$	5,756	19.2%		$	22,883	76.2%		$	28,639	95.4%
2^nd lien	1,038		3.4		358		1.2		1,396		4.6
Total	$	6,794	22.6	%	$	23,241	77.4	%	$	30,035	100.0	%
Interest rate type:
Fixed rate	$	2,446	8.1%		$	2,840	9.5%		$	5,286	17.6%
Adjustable rate	4,348		14.5		20,401		67.9		24,749		82.4
Total	$	6,794	22.6	%	$	23,241	77.4%		$	30,035	100.0%

__________


⁽¹⁾	Percentages within each risk category are calculated based on total home loans held for investment.


⁽²⁾	The Acquired Loans origination balances in the years subsequent to 2012 are related to refinancing of previously acquired home loans.


⁽³⁾	Represents the ten states in which we have the highest concentration of home loans.

Commercial Banking

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Concentration of Risk, by Risk Factor

The following table presents the geographic distribution and internal risk ratings of our commercial loan portfolio as of June 30, 2015 and December 31, 2014.

Table 4.8: Commercial Banking: Risk Profile by Geographic Region and Internal Risk Rating



	June 30, 2015
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total⁽¹⁾	Commercial and Industrial		% of Total⁽¹⁾		Small-ticket Commercial Real Estate		% of Total⁽¹⁾		Total Commercial Banking		% of Total⁽¹⁾
Geographic concentration:⁽²⁾
Loans:
Northeast	$	14,514	63.4%	$	6,498	23.5%		$	419	61.2	%	$	21,431	41.8	%
Mid-Atlantic	2,558		11.2	2,084		7.5		27		3.9		4,669		9.1
South	3,436		15.0	12,028		43.5		43		6.3		15,507		30.3
Other	2,378		10.4	7,050		25.5		196		28.6		9,624		18.8
Total	$	22,886	100.0%	$	27,660	100.0%		$	685	100.0%		$	51,231	100.0%
Internal risk rating:⁽³⁾
Loans:
Noncriticized	$	22,453	98.1%	$	25,869	93.5%		$	679	99.1%		$	49,001	95.7%
Criticized performing	406		1.8	1,358		4.9		3		0.4		1,767		3.4
Criticized nonperforming	27		0.1	433		1.6		3		0.5		463		0.9
Total	$	22,886	100.0%	$	27,660	100.0	%	$	685	100.0%		$	51,231	100.0%



	December 31, 2014
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total⁽¹⁾	Commercial and Industrial		% of Total⁽¹⁾	Small-ticket Commercial Real Estate		% of Total⁽¹⁾	Total Commercial Banking		% of Total⁽¹⁾
Geographic concentration:⁽²⁾
Loans:
Northeast	$	15,135	65.4%	$	6,384	23.7%	$	478	61.2%	$	21,997	43.2%
Mid-Atlantic	2,491		10.8	2,121		7.9	30		3.8	4,642		9.1
South	3,070		13.3	12,310		45.6	48		6.2	15,428		30.3
Other	2,441		10.5	6,157		22.8	225		28.8	8,823		17.4
Total	$	23,137	100.0%	$	26,972	100.0%	$	781	100.0%	$	50,890	100.0%
Internal risk rating:⁽³⁾
Loans:
Noncriticized	$	22,535	97.4%	$	25,982	96.3%	$	767	98.2%	$	49,284	96.9%
Criticized performing	540		2.3	884		3.3	7		0.9	1,431		2.8
Criticized nonperforming	62		0.3	106		0.4	7		0.9	175		0.3
Total	$	23,137	100.0%	$	26,972	100.0%	$	781	100.0%	$	50,890	100.0%

__________


⁽¹⁾	Percentages calculated based on total held for investment commercial loans in each respective loan category as of the end of the reported period.


⁽²⁾	Northeast consists of CT, ME, MA, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DE, DC, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MS, MO, NC, SC, TN and TX.


⁽³⁾	Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by banking regulatory authorities.

Allowance for Loan and Lease Losses (Tables)

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable, Allowance [Abstract]

Allowance for Credit Losses on Financing Receivables

Table 5.2: Components of Allowance for Loan and Lease Losses by Impairment Methodology



	June 30, 2015
			Consumer Banking
(Dollars in millions)	Credit Card		Auto		Home Loan		Retail Banking		Total Consumer Banking		Commercial Banking		Other		Total
Allowance for loan and lease losses:
Collectively evaluated⁽¹⁾	$	3,118	$	723	$	17	$	55	$	795	$	399	$	5	$	4,317
Asset-specific⁽²⁾	206		21		15		11		47		72		0		325
Acquired Loans⁽³⁾	0		0		33		0		33		1		0		34
Total allowance for loan and lease losses	$	3,324	$	744	$	65	$	66	$	875	$	472	$	5	$	4,676
Loans held for investment:
Collectively evaluated⁽¹⁾	$	86,533	$	39,737	$	6,453	$	3,496	$	49,686	$	50,403	$	95	$	186,717
Asset-specific⁽²⁾	670		254		363		57		674		674		0		2,018
Acquired Loans⁽³⁾	0		0		20,779		37		20,816		154		0		20,970
Total loans held for investment	$	87,203	$	39,991	$	27,595	$	3,590	$	71,176	$	51,231	$	95	$	209,705
Allowance as a percentage of period-end loans held for investment	3.81%		1.86%		0.24%		1.86%		1.23%		0.92%		5.13%		2.23%



	December 31, 2014
			Consumer Banking
(Dollars in millions)	Credit Card		Auto		Home Loan		Retail Banking		Total Consumer Banking		Commercial Banking		Other		Total
Allowance for loan and lease losses:
Collectively evaluated⁽¹⁾	$	2,985	$	642	$	18	$	50	$	710	$	356	$	5	$	4,056
Asset-specific⁽²⁾	219		19		17		6		42		39		0		300
Acquired Loans⁽³⁾	0		0		27		0		27		0		0		27
Total allowance for loan and lease losses	$	3,204	$	661	$	62	$	56	$	779	$	395	$	5	$	4,383
Loans held for investment:
Collectively evaluated⁽¹⁾	$	85,161	$	37,594	$	6,427	$	3,486	$	47,507	$	50,328	$	111	$	183,107
Asset-specific⁽²⁾	692		230		367		50		647		370		0		1,709
Acquired Loans⁽³⁾	23		0		23,241		44		23,285		192		0		23,500
Total loans held for investment	$	85,876	$	37,824	$	30,035	$	3,580	$	71,439	$	50,890	$	111	$	208,316
Allowance as a percentage of period-end loans held for investment	3.73%		1.75%		0.21%		1.58%		1.09%		0.78%		4.68%		2.10%

__________

⁽¹⁾


⁽²⁾	The asset-specific component of the allowance for loan and lease losses for smaller-balance impaired loans is calculated on a pool basis using historical loss experience for the respective class of assets. The asset-specific component of the allowance for loan and lease losses for larger-balance commercial loans is individually calculated for each loan.


⁽³⁾	The Acquired Loans component of the allowance for loan and lease losses is accounted for based on expected cash flows. See “Note 1—Summary of Significant Accounting Policies” in our 2014 Form 10-K for details on these loans.

The table below summarizes changes in the allowance for loan and lease losses, by portfolio segment, for the three and six months ended June 30, 2015 and 2014.

Table 5.1: Allowance for Loan and Lease Losses



	Three Months Ended June 30, 2015
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of March 31, 2015	$	3,130		$	697		$	68		$	61		$	826		$	444		$	5		$	4,405		$	121	$	4,526
Provision for credit losses	895			168			0			17			185			35			0			1,115			14		1,129
Charge-offs	(988		)	(203		)	(5		)	(17		)	(225		)	(11		)	(2		)	(1,226		)	0		(1,226		)
Recoveries	285			82			2			5			89			4			2			380			0		380
Net charge-offs	(703		)	(121		)	(3		)	(12		)	(136		)	(7		)	0			(846		)	0		(846		)
Other changes⁽²⁾	2			0			0			0			0			0			0			2			0		2
Balance as of June 30, 2015	$	3,324		$	744		$	65		$	66		$	875		$	472		$	5		$	4,676		$	135	$	4,811



	Six Months Ended June 30, 2015
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of December 31, 2014	$	3,204		$	661		$	62		$	56		$	779		$	395		$	5		$	4,383		$	113	$	4,496
Provision for credit losses	1,564			352			8			31			391			87			0			2,042			22		2,064
Charge-offs	(2,010		)	(436		)	(9		)	(30		)	(475		)	(20		)	(5		)	(2,510		)	0		(2,510		)
Recoveries	588			167			4			9			180			10			5			783			0		783
Net charge-offs	(1,422		)	(269		)	(5		)	(21		)	(295		)	(10		)	0			(1,727		)	0		(1,727		)
Other changes⁽²⁾	(22		)	0			0			0			0			0			0			(22		)	0		(22		)
Balance as of June 30, 2015	$	3,324		$	744		$	65		$	66		$	875		$	472		$	5		$	4,676		$	135	$	4,811



	Three Months Ended June 30, 2014
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of March 31, 2014	$	2,984		$	608		$	72		$	64		$	744		$	362		$	8		$	4,098		$	99	$	4,197
Provision (benefit) for credit losses	549			145			0			(2		)	143			9			0			701			3		704
Charge-offs	(995		)	(183		)	(8		)	(14		)	(205		)	(8		)	(4		)	(1,212		)	0		(1,212		)
Recoveries	310			72			3			8			83			5			2			400			0		400
Net charge-offs	(685		)	(111		)	(5		)	(6		)	(122		)	(3		)	(2		)	(812		)	0		(812		)
Other changes⁽²⁾	10			0			0			0			0			0			1			11			0		11
Balance as of June 30, 2014	$	2,858		$	642		$	67		$	56		$	765		$	368		$	7		$	3,998		$	102	$	4,100



	Six Months Ended June 30, 2014
	Credit Card			Consumer Banking												Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
(Dollars in millions)	Credit Card			Auto			Home Loan			Retail Banking			Total Consumer Banking			Commercial Banking			Other⁽¹⁾			Total Allowance			Unfunded Lending Commitments Reserve		Combined Allowance & Unfunded Reserve
Balance as of December 31, 2013	$	3,214		$	606		$	83		$	63		$	752		$	338		$	11		$	4,315		$	87	$	4,402
Provision (benefit) for credit losses	1,107			281			(6		)	8			283			37			(3		)	1,424			15		1,439
Charge-offs	(2,090		)	(388		)	(19		)	(29		)	(436		)	(15		)	(6		)	(2,547		)	0		(2,547		)
Recoveries	625			143			9			14			166			8			5			804			0		804
Net charge-offs	(1,465		)	(245		)	(10		)	(15		)	(270		)	(7		)	(1		)	(1,743		)	0		(1,743		)
Other changes⁽²⁾	2			0			0			0			0			0			0			2			0		2
Balance as of June 30, 2014	$	2,858		$	642		$	67		$	56		$	765		$	368		$	7		$	3,998		$	102	$	4,100

_________


⁽¹⁾	Other consists of our discontinued GreenPoint mortgage operations loan portfolio and our community redevelopment loan portfolio.


⁽²⁾	Represents foreign currency translation adjustments and the net impact of loan transfers and sales.

Variable Interest Entities and Securitizations (Tables)

6 Months Ended

Jun. 30, 2015

Variable Interest Entities and Securitization [Abstract]

Carrying Amount of Assets and Liabilities of Variable Interest Entities

Table 6.1: Carrying Amount of Consolidated and Unconsolidated VIEs



	June 30, 2015
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:
Credit card loan securitizations⁽¹⁾	$	34,551	$	14,500	$	0	$	0	$	0
Home loan securitizations⁽²⁾	0		0		220		29		886
Total securitization-related VIEs	34,551		14,500		220		29		886
Other VIEs:
Affordable housing entities	0		0		3,633		501		3,633
Entities that provide capital to low-income and rural communities	385		100		0		0		0
Other	0		0		65		0		65
Total other VIEs	385		100		3,698		501		3,698
Total VIEs	$	34,936	$	14,600	$	3,918	$	530	$	4,584



	December 31, 2014
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:
Credit card loan securitizations⁽¹⁾	$	36,779	$	12,350	$	0	$	0	$	0
Home loan securitizations⁽²⁾	0		0		221		31		876
Total securitization-related VIEs	36,779		12,350		221		31		876
Other VIEs:
Affordable housing entities	0		0		3,500		488		3,500
Entities that provide capital to low-income and rural communities	374		99		1		0		1
Other	4		0		74		0		74
Total other VIEs	378		99		3,575		488		3,575
Total VIEs	$	37,157	$	12,449	$	3,796	$	519	$	4,451

__________


⁽¹⁾	Represents the gross amount of assets and liabilities owned by the VIE, which includes the seller’s interest and retained and repurchased notes held by other related parties.

⁽²⁾

External Debt and Receivable Balances of Securitization Programs

The table below presents the securitization-related VIEs in which we had continuing involvement as of June 30, 2015 and December 31, 2014.

Table 6.2: Continuing Involvement in Securitization-Related VIEs

Non-Mortgage

Mortgage

(Dollars in millions)

Credit

Card

Option-

ARM

GreenPoint

HELOCs

GreenPoint

Manufactured

Housing

June 30, 2015:

Securities held by third-party investors

13,785

1,888

836

Receivables in the trust

34,298

1,952

842

Cash balance of spread or reserve accounts

N/A

139

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

⁽²⁾

Amortization event⁽³⁾

December 31, 2014:

Securities held by third-party investors

11,624

2,026

887

Receivables in the trust

36,545

2,094

893

Cash balance of spread or reserve accounts

N/A

143

Retained interests

Yes

Servicing retained

Yes

⁽¹⁾

⁽²⁾

Amortization event⁽³⁾

__________


⁽¹⁾	We retained servicing of the outstanding balance for a portion of securitized mortgage receivables.


⁽²⁾	The core servicing activities for the manufactured housing securitizations are completed by a third party.


⁽³⁾	Amortization events vary according to each specific trust agreement but generally are triggered by declines in performance or credit metrics, such as net charge-off rates or delinquency rates below certain predetermined thresholds. Generally, the occurrence of an amortization event changes the sequencing and amount of trust-related cash flows to the benefit of senior noteholders.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Goodwill and Other Intangible Assets

Table 7.1: Components of Goodwill, Intangible Assets and MSRs



	June 30, 2015							December 31, 2014
(Dollars in millions)	Carrying Amount of Assets⁽¹⁾		Accumulated Amortization⁽¹⁾			Net Carrying Amount		Carrying Amount of Assets⁽¹⁾		Accumulated Amortization⁽¹⁾			Net Carrying Amount
Goodwill	$	13,984	N/A			$	13,984	$	13,978	N/A			$	13,978
Intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	2,156		$	(1,315	)	841		2,124		$	(1,152	)	972
Core deposit intangibles	1,771		(1,620		)	151		1,771		(1,569		)	202
Other⁽²⁾	239		(121		)	118		300		(158		)	142
Total intangible assets	4,166		(3,056		)	1,110		4,195		(2,879		)	1,316
Total goodwill and intangible assets	$	18,150	$	(3,056	)	$	15,094	$	18,173	$	(2,879	)	$	15,294
MSRs:
Consumer MSRs⁽³⁾	$	65	N/A			$	65	$	53	N/A			$	53
Commercial MSRs⁽⁴⁾	195		$	(36	)	159		171		$	(24	)	147
Total MSRs	$	260	$	(36	)	$	224	$	224	$	(24	)	$	200

__________


⁽¹⁾	Certain intangible assets that were fully amortized in prior periods were removed from our consolidated balance sheets.


⁽²⁾	Primarily consists of brokerage relationship intangibles, partnership and other contract intangibles and trade name intangibles. Also includes certain indefinite-lived intangibles of $4 million as of both June 30, 2015 and December 31, 2014.


⁽³⁾	Represents MSRs related to our Consumer Banking business that are carried at fair value on our consolidated balance sheets.


⁽⁴⁾	Represents MSRs related to our Commercial Banking business that are subsequently measured under the amortization method and periodically assessed for impairment.

Goodwill Attributable to Each Business Segments

The following table presents goodwill attributable to each of our business segments as of June 30, 2015 and December 31, 2014.

Table 7.2: Goodwill Attributable to Business Segments



(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Balance as of December 31, 2014	$	5,001	$	4,593	$	4,384	$	13,978
Acquisitions	0		5		0		5
Other adjustments	1		0		0		1
Balance as of June 30, 2015	$	5,002	$	4,598	$	4,384	$	13,984

Deposits and Borrowings (Tables)

6 Months Ended

Jun. 30, 2015

Deposits and Borrowings [Abstract]

Components of Deposits, Short-term Borrowings and Long-term Debt

Table 8.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt



(Dollars in millions)	June 30, 2015		December 31, 2014
Deposits:
Non-interest bearing deposits	$	25,123	$	25,081
Interest-bearing deposits	183,657		180,467
Total deposits	$	208,780	$	205,548
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1,888	$	880
FHLB advances	0		16,200
Total short-term borrowings	$	1,888	$	17,080



	June 30, 2015
(Dollars in millions)	Maturity Dates	Interest Rates	Weighted- Average Interest Rate	Outstanding Amount		December 31, 2014
Long-term debt:
Securitized debt obligations⁽¹⁾	2015 - 2025	0.23 - 5.75%	1.37%	$	13,785	$	11,624
Senior and subordinated notes:⁽¹⁾
Fixed unsecured senior debt	2015 - 2025	1.00 - 6.75%	2.67	16,097		15,174
Floating unsecured senior debt	2015 - 2018	0.73 - 0.96%	0.86	1,280		880
Total unsecured senior debt			2.54	17,377		16,054
Fixed unsecured subordinated debt	2016 - 2023	3.38 - 8.80%	4.97	2,610		2,630
Total senior and subordinated notes				19,987		18,684
Other long-term borrowings:
FHLB advances	2015 - 2025	0.25 - 6.88%	0.28	10,106		1,069
Total long-term debt				43,878		31,377
Total short-term borrowings and long-term debt				$	45,766	$	48,457

___________


⁽¹⁾	Outstanding amount includes the impact from hedge accounting.

Schedule of Components of Interest Expense on Short-Term Borrowings and Long-Term Debt

The following table displays interest expense attributable to short-term borrowings and long-term debt for the three and six months ended June 30, 2015 and 2014:

Table 8.2: Components of Interest Expense on Short-Term Borrowings and Long-Term Debt



	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2015		2014		2015		2014
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	1	$	1	$	1	$	1
FHLB advances	1		3		9		9
Total short-term borrowings	2		4		10		10
Long-term debt:
Securitized debt obligations⁽¹⁾	36		39		69		77
Senior and subordinated notes⁽¹⁾	80		78		159		155
Other long-term borrowings	10		4		17		10
Total long-term debt	126		121		245		242
Total interest expense on short-term borrowings and long-term debt	$	128	$	125	$	255	$	252

__________


⁽¹⁾	Interest expense includes the impact from hedge accounting.

Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional and Fair Values of Derivative Instruments

Table 9.1: Derivative Assets and Liabilities at Fair Value



	June 30, 2015								December 31, 2014
	Notional or Contractual Amount		Derivative⁽¹⁾						Notional or Contractual Amount		Derivative⁽¹⁾
(Dollars in millions)	Notional or Contractual Amount		Assets			Liabilities			Notional or Contractual Amount		Assets			Liabilities
Derivatives designated as accounting hedges:
Interest rate contracts:
Fair value hedges	$	27,225	$	470		$	96		$	24,543	$	480		$	39
Cash flow hedges	27,050		355			25			24,450		222			18
Total interest rate contracts	54,275		825			121			48,993		702			57
Foreign exchange contracts:
Cash flow hedges	5,559		93			48			5,546		221			2
Net investment hedges	2,690		0			146			2,476		73			0
Total foreign exchange contracts	8,249		93			194			8,022		294			2
Total derivatives designated as accounting hedges	62,524		918			315			57,015		996			59
Derivatives not designated as accounting hedges:
Interest rate contracts covering:
MSRs⁽²⁾	1,252		7			10			777		10			3
Customer accommodation	28,386		387			243			27,646		413			251
Other interest rate exposures⁽³⁾	2,258		45			13			2,614		33			21
Total interest rate contracts	31,896		439			266			31,037		456			275
Other contracts	597		0			4			593		0			5
Total derivatives not designated as accounting hedges	32,493		439			270			31,630		456			280
Total derivatives	$	95,017	$	1,357		$	585		$	88,645	$	1,452		$	339
Less: netting adjustment⁽⁴⁾			(423		)	(339		)			(624		)	(164		)
Total derivative assets/liabilities			$	934		$	246				$	828		$	175

__________


⁽¹⁾	Derivative assets and liabilities include interest accruals.


⁽²⁾	Includes interest rate swaps and To Be Announced (“TBA”) contracts.


⁽³⁾	Other interest rate exposures include mortgage-related derivatives.


⁽⁴⁾	Represents balance sheet netting of derivative assets and liabilities, and related receivables, payables and cash collateral. See Table 9.2 for further information.

Offsetting Assets

Table 9.2: Offsetting of Financial Assets and Financial Liabilities



	Gross Amounts		Gross Amounts Offset in the Balance Sheet						Net Amounts as Recognized		Securities Collateral Held Under Master Netting Agreements
(Dollars in millions)	Gross Amounts		Financial Instruments			Cash Collateral Received			Net Amounts as Recognized		Securities Collateral Held Under Master Netting Agreements			Net Exposure
As of June 30, 2015
Derivatives assets⁽¹⁾	$	1,357	$	(191	)	$	(232	)	$	934	$	(14	)	$	920
As of December 31, 2014
Derivatives assets⁽¹⁾	$	1,452	$	(101	)	$	(523	)	$	828	$	(80	)	$	748

Offsetting Liabilities



	Gross Amounts		Gross Amounts Offset in the Balance Sheet						Net Amounts as Recognized		Securities Collateral Pledged Under Master Netting Agreements
(Dollars in millions)	Gross Amounts		Financial Instruments			Cash Collateral Pledged			Net Amounts as Recognized					Net Exposure
As of June 30, 2015
Derivatives liabilities⁽¹⁾	$	585	$	(191	)	$	(148	)	$	246	$	0		$	246
Repurchase agreements⁽²⁾⁽³⁾	969		0			0			969		(969		)	0
As of December 31, 2014
Derivatives liabilities⁽¹⁾	$	339	$	(101	)	$	(63	)	$	175	$	0		$	175
Repurchase agreements⁽²⁾	869		0			0			869		(869		)	0

__________


⁽¹⁾	The gross balances include derivative assets and derivative liabilities as of June 30, 2015 totaling $536 million and $202 million, respectively, related to the centrally cleared derivative contracts. The comparable amounts as of December 31, 2014 totaled $360 million and $127 million, respectively. These contracts were not subject to offsetting as of June 30, 2015 and December 31, 2014.


⁽²⁾	As of June 30, 2015 and December 31, 2014, the Company only had repurchase obligations outstanding and did not have any reverse repurchase receivables.


⁽³⁾	Represents customer repurchase agreements that mature the next business day. As of June 30, 2015, we pledged collateral with a fair value of $989 million under these customer repurchase agreements, all of which were agency RMBS securities.

Fair Value Hedging and Free-Standing Derivatives

Derivative Instruments, Gain (Loss) [Line Items]

Gains and Losses on Derivatives

Table 9.3: Gains and Losses on Fair Value Hedges and Free-Standing Derivatives



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Derivatives designated as accounting hedges:⁽¹⁾
Fair value interest rate contracts:
(Losses) gains recognized in earnings on derivatives	$	(223	)	$	105		$	(70	)	$	136
Gains (losses) recognized in earnings on hedged items	211			(92		)	63			(115		)
Net fair value hedge ineffectiveness (losses) gains	(12		)	13			(7		)	21
Derivatives not designated as accounting hedges:⁽¹⁾
Interest rate contracts covering:
MSRs	(9		)	6			(3		)	13
Customer accommodation	5			4			9			8
Other interest rate exposures	16			3			18			3
Total interest rate contracts	12			13			24			24
Foreign exchange contracts	0			0			0			1
Other contracts	0			0			(2		)	1
Total gains on derivatives not designated as accounting hedges	12			13			22			26
Net derivative gains recognized in earnings	$	0		$	26		$	15		$	47

__________


⁽¹⁾	Amounts are recorded in our consolidated statements of income in other non-interest income.

Cash Flow Hedging and Net Investment Hedging

Derivative Instruments, Gain (Loss) [Line Items]

Gains and Losses on Derivatives

The table below shows the net gains (losses) related to derivatives designated as cash flow hedges and net investment hedges for the three and six months ended June 30, 2015 and 2014.

Table 9.4: Gains and Losses on Derivatives Designated as Cash Flow Hedges and Net Investment Hedges



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Gains (losses) recorded in AOCI:
Cash flow hedges:
Interest rate contracts	$	(33	)	$	101		$	177		$	146
Foreign exchange contracts	(6		)	(6		)	(11		)	(11		)
Subtotal	(39		)	95			166			135
Net investment hedges:
Foreign exchange contracts	(97		)	0			(22		)	0
Net derivatives (losses) gains recognized in AOCI	$	(136	)	$	95		$	144		$	135
Gains (losses) recorded in earnings:
Cash flow hedges:
Gains (losses) reclassified from AOCI into earnings:
Interest rate contracts⁽¹⁾	$	50		$	30		$	97		$	56
Foreign exchange contracts⁽²⁾	(8		)	(6		)	(12		)	(11		)
Subtotal	42			24			85			45
Gains (losses) recognized in earnings due to ineffectiveness:
Interest rate contracts⁽²⁾	0			0			2			1
Net derivative gains recognized in earnings	$	42		$	24		$	87		$	46

__________


⁽¹⁾	Amounts reclassified are recorded in our consolidated statements of income in interest income or interest expense.


⁽²⁾	Amounts reclassified are recorded in our consolidated statements of income in other non-interest income.

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Schedule of Preferred Stock

The following table summarizes the Company’s preferred stock issued and outstanding as of June 30, 2015 and December 31, 2014.

Table 10.1: Preferred Stock Issued and Outstanding



								Carrying Value (in millions)
Series	Description	Issuance Date	Redeemable by Issuer Beginning	Per Annum Dividend Rate	Liquidation Preference per Share		Total Shares Outstanding	June 30, 2015		December 31, 2014
Series B⁽¹⁾	6.00% Non-Cumulative	August 20, 2012	September 1, 2017	6.00%	$	1,000	875,000	$	853	$	853
Series C⁽¹⁾	6.25% Non-Cumulative	June 12, 2014	September 1, 2019	6.25	1,000		500,000	484		484
Series D⁽¹⁾	6.70% Non-Cumulative	October 31, 2014	December 1, 2019	6.70	1,000		500,000	485		485
Series E	Fixed-to-Floating Rate Non-Cumulative	May 14, 2015	June 1, 2020	5.55% through 5/31/2020; 3-mo. Libor + 380 bps thereafter	1,000		1,000,000	988		N/A
Total								$	2,810	$	1,822

__________


⁽¹⁾	Ownership is held in the form of depositary shares, each representing a 1/40th interest in a share of fixed rate non-cumulative perpetual preferred stock

Change in AOCI Gain (Loss) by Component (Net of Tax)

The following table presents the changes in AOCI by component for the three and six months ended June 30, 2015 and 2014.

Table 10.2: Accumulated Other Comprehensive Income



	Three Months Ended June 30, 2015
(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments ⁽²⁾			Other			Total
AOCI as of March 31, 2015	$	532		$	(801	)	$	172		$	(92	)	$	(23	)	$	(212	)
Other comprehensive (loss) income before reclassifications	(171		)	0			(39		)	35			0			(175		)
Amounts reclassified from AOCI into earnings	5			27			(42		)	0			0			(10		)
Net other comprehensive (loss) income	(166		)	27			(81		)	35			0			(185		)
AOCI as of June 30, 2015	$	366		$	(774	)	$	91		$	(57	)	$	(23	)	$	(397	)



	Six Months Ended June 30, 2015
(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments⁽²⁾			Other			Total
AOCI as of December 31, 2014	$	410		$	(821	)	$	10		$	(8	)	$	(21	)	$	(430	)
Other comprehensive (loss) income before reclassifications	(57		)	0			166			(49		)	(1		)	59
Amounts reclassified from AOCI into earnings	13			47			(85		)	0			(1		)	(26		)
Net other comprehensive (loss) income	(44		)	47			81			(49		)	(2		)	33
AOCI as of June 30, 2015	$	366		$	(774	)	$	91		$	(57	)	$	(23	)	$	(397	)



	Three Months Ended June 30, 2014
(Dollars in millions)	Securities Available for Sale		Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments		Other			Total
AOCI as of March 31, 2014	$	250	$	(884	)	$	(91	)	$	27	$	(12	)	$	(710	)
Other comprehensive income before reclassifications	168		0			95			79		3			345
Amounts reclassified from AOCI into earnings	1		21			(24		)	0		(4		)	(6		)
Net other comprehensive income (loss)	169		21			71			79		(1		)	339
AOCI as of June 30, 2014	$	419	$	(863	)	$	(20	)	$	106	$	(13	)	$	(371	)



	Six Months Ended June 30, 2014
(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity⁽¹⁾			Cash Flow Hedges			Foreign Currency Translation Adjustments		Other			Total
AOCI as of December 31, 2013	$	106		$	(897	)	$	(110	)	$	40	$	(11	)	$	(872	)
Other comprehensive income before reclassifications	317			0			135			66		3			521
Amounts reclassified from AOCI into earnings	(4		)	34			(45		)	0		(5		)	(20		)
Net other comprehensive income (loss)	313			34			90			66		(2		)	501
AOCI as of June 30, 2014	$	419		$	(863	)	$	(20	)	$	106	$	(13	)	$	(371	)

__________

⁽¹⁾


⁽²⁾	Includes the impact from hedging instruments designated as net investment hedges

Reclassifications from AOCI

The following table presents the impacts on net income of amounts reclassified from each component of AOCI for the three and six months ended June 30, 2015 and 2014.

Table 10.3: Reclassifications from AOCI



		Amount Reclassified from AOCI
(Dollars in millions)		Three Months Ended June 30,						Six Months Ended June 30,
AOCI Components	Affected Income Statement Line Item	2015			2014			2015			2014
Securities available for sale:
	Non-interest income	$	(1	)	$	(1	)	$	1		$	12
	Non-interest income - OTTI	(7		)	(1		)	(22		)	(6		)
	(Loss) income from continuing operations before income taxes	(8		)	(2		)	(21		)	6
	Income tax (benefit) provision	(3		)	(1		)	(8		)	2
	Net (loss) income	(5		)	(1		)	(13		)	4
Securities held to maturity:⁽¹⁾
	Non-interest income	(40		)	(33		)	(73		)	(61		)
	Income tax benefit	(13		)	(12		)	(26		)	(27		)
	Net loss	(27		)	(21		)	(47		)	(34		)
Cash flow hedges:
Interest rate contracts:	Interest income	78			48			153			90
Foreign exchange contracts:	Non-interest income	(12		)	(10		)	(19		)	(18		)
	Income from continuing operations before income taxes	66			38			134			72
	Income tax provision	24			14			49			27
	Net income	42			24			85			45



		Amount Reclassified from AOCI
(Dollars in millions)		Three Months Ended June 30,				Six Months Ended June 30,
AOCI Components	Affected Income Statement Line Item	2015		2014		2015		2014
Other:
	Various (pension and other)	1		7		2		8
	Income tax provision	1		3		1		3
	Net income	0		4		1		5
Total reclassifications		$	10	$	6	$	26	$	20

__________


⁽¹⁾	The amortization of unrealized holding gains or losses reported in AOCI for securities held to maturity will be offset by the amortization of the premium or discount created from the transfer into securities held to maturity, which occurred at fair value.

Components of Other Comprehensive Income (Loss) and Related Tax Impact

The table below summarizes other comprehensive income activity and the related tax impact for the three and six months ended June 30, 2015 and 2014.

Table 10.4: Other Comprehensive Income (Loss)



	Three Months Ended June 30,
	2015									2014
(Dollars in millions)	Before Tax			Provision (Benefit)			After Tax			Before Tax			Provision (Benefit)			After Tax
Other comprehensive income (loss):
Net unrealized (losses) gains on securities available for sale	$	(259	)	$	(93	)	$	(166	)	$	269		$	100		$	169
Net changes in securities held to maturity	40			13			27			33			12			21
Net unrealized (losses) gains on cash flow hedges	(129		)	(48		)	(81		)	114			43			71
Foreign currency translation adjustments⁽¹⁾	(21		)	(56		)	35			79			0			79
Other	0			0			0			(3		)	(2		)	(1		)
Other comprehensive (loss) income	$	(369	)	$	(184	)	$	(185	)	$	492		$	153		$	339



	Six Months Ended June 30,
	2015									2014
(Dollars in millions)	Before Tax			Provision (Benefit)			After Tax			Before Tax			Provision (Benefit)			After Tax
Other comprehensive income (loss):
Net unrealized (losses) gains on securities available for sale	$	(69	)	$	(25	)	$	(44	)	$	498		$	185		$	313
Net changes in securities held to maturity	73			26			47			61			27			34
Net unrealized gains on cash flow hedges	129			48			81			144			54			90
Foreign currency translation adjustments⁽¹⁾	(62		)	(13		)	(49		)	66			0			66
Other	(4		)	(2		)	(2		)	(4		)	(2		)	(2		)
Other comprehensive income	$	67		$	34		$	33		$	765		$	264		$	501

__________


⁽¹⁾	Includes the impact from hedging instruments designated as net investment hedges.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=27011957&loc=d3e177068-122764

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21553-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6403732&loc=d3e21300-112643

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.28,29)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 30
-Article 5

+ Details

Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

Table 11.1: Computation of Basic and Diluted Earnings per Common Share



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars and shares in millions, except per share data)	2015			2014			2015			2014
Basic earnings
Income from continuing operations, net of tax	$	852		$	1,204		$	1,986		$	2,328
Income (loss) from discontinued operations, net of tax	11			(10		)	30			20
Net income	863			1,194			2,016			2,348
Dividends and undistributed earnings allocated to participating securities⁽¹⁾	(4		)	(4		)	(10		)	(9		)
Preferred stock dividends	(29		)	(13		)	(61		)	(26		)
Net income available to common stockholders	$	830		$	1,177		$	1,945		$	2,313

Net income from continuing operations per share	$	1.50		$	2.09		$	3.49		$	4.03
Income (loss) from discontinued operations per share	0.02			(0.02		)	0.06			0.03
Net income per share	$	1.52		$	2.07		$	3.55		$	4.06
Total weighted-average basic shares outstanding	545.6			567.5			548.0			569.2

Diluted earnings⁽²⁾
Net income available to common stockholders	$	830		$	1,177		$	1,945		$	2,313
Net income from continuing operations per share	$	1.48		$	2.06		$	3.45		$	3.97
Income (loss) from discontinued operations per share	0.02			(0.02		)	0.06			0.03
Net income per share	$	1.50		$	2.04		$	3.51		$	4.00

Total weighted-average basic shares outstanding	545.6			567.5			548.0			569.2
Effect of dilutive securities:
Stock options	2.8			2.7			2.7			2.6
Other contingently issuable shares	1.1			1.6			1.3			1.5
Warrants⁽³⁾	2.5			5.8			2.7			5.6
Total effect of dilutive securities	6.4			10.1			6.7			9.7
Total weighted-average diluted shares outstanding	552.0			577.6			554.7			578.9

__________


⁽¹⁾	Includes undistributed earnings allocated to participating securities using the two-class method under the accounting guidance for computing earnings per share.

⁽²⁾


⁽³⁾	Represents warrants issued as part of the U.S. Department of Treasury’s Troubled Assets Relief Program (“TARP”). As of June 30, 2015, there were 4.4 million warrants to purchase common stock outstanding, which represents approximately one-third of the warrants issued in the initial offering.

Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table displays our assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis as of June 30, 2015 and December 31, 2014:

Table 12.1: Assets and Liabilities Measured at Fair Value on a Recurring Basis



	June 30, 2015
	Fair Value Measurements Using
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	4,438	$	0	$	0	$	4,438
Corporate debt securities guaranteed by U.S. government agencies	0		330		91		421
RMBS	0		26,487		459		26,946
CMBS	0		5,093		170		5,263
Other ABS	0		1,720		7		1,727
Other securities	114		209		18		341
Total securities available for sale	4,552		33,839		745		39,136
Other assets:
Consumer MSRs	0		0		65		65
Derivative assets⁽¹⁾⁽²⁾	4		1,292		61		1,357
Retained interests in securitizations	0		0		220		220
Total assets	$	4,556	$	35,131	$	1,091	$	40,778
Liabilities:
Other liabilities:
Derivative liabilities⁽¹⁾⁽²⁾	$	4	$	554	$	27	$	585
Total liabilities	$	4	$	554	$	27	$	585



	December 31, 2014
	Fair Value Measurements Using
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	4,117	$	1	$	0	$	4,118
Corporate debt securities guaranteed by U.S. government agencies	0		467		333		800
RMBS	0		24,820		561		25,381
CMBS	0		5,291		228		5,519
Other ABS	0		2,597		65		2,662
Other securities	111		899		18		1,028
Total securities available for sale	4,228		34,075		1,205		39,508
Other assets:
Consumer MSRs	0		0		53		53
Derivative assets⁽¹⁾⁽²⁾	4		1,382		66		1,452
Retained interests in securitizations	0		0		221		221
Total assets	$	4,232	$	35,457	$	1,545	$	41,234
Liabilities:
Other liabilities:
Derivative liabilities⁽¹⁾⁽²⁾	$	3	$	293	$	43	$	339
Total liabilities	$	3	$	293	$	43	$	339

__________

⁽¹⁾


⁽²⁾	Does not reflect $3 million and $4 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of June 30, 2015 and December 31, 2014, respectively. Non-performance risk is reflected in other assets and liabilities on the consolidated balance sheets and offset through non-interest income in the consolidated statements of income.

Schedule of Level 3 Inputs Reconciliation for Assets

Table 12.2: Level 3 Recurring Fair Value Rollforward



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended June 30, 2015
				Total Gains (Losses) (Realized/Unrealized)																									Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2015⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, April 1, 2015			Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2015
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	172		$	1		$	0		$	0	$	(80	)	$	0		$	(2	)	$	0	$	0		$	91		$	0
RMBS	555			11			(9		)	0		0			0			(14		)	107		(191		)	459			11
CMBS	174			0			0			86		0			0			(16		)	0		(74		)	170			0
Other ABS	7			0			0			0		0			0			0			0		0			7			0
Other securities	18			0			0			0		0			0			0			0		0			18			0
Total securities available for sale	926			12			(9		)	86		(80		)	0			(32		)	107		(265		)	745			11
Other assets:
Consumer MSRs	53			7			0			0		0			6			(1		)	0		0			65			7
Derivative assets⁽⁴⁾	73			(10		)	0			0		0			18			(16		)	0		(4		)	61			(10		)
Retained interest in securitizations	223			(3		)	0			0		0			0			0			0		0			220			(3		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(48	)	$	9		$	0		$	0	$	0		$	(3	)	$	12		$	0	$	3		$	(27	)	$	9



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended June 30, 2014
				Total Gains (Losses) (Realized/Unrealized)																							Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2014⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, April 1, 2014			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales		Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2014
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	752		$	0		$	5	$	0	$	0	$	0		$	(18	)	$	0	$	0		$	739		$	0
RMBS	1,727			17			8		94		0		0			(98		)	63		(975		)	836			17
CMBS	495			0			3		0		0		0			(19		)	28		(58		)	449			0
Other ABS	226			1			8		0		0		0			(1		)	0		(59		)	175			1
Other securities	17			0			0		0		0		0			0			3		0			20			0
Total securities available for sale	3,217			18			24		94		0		0			(136		)	94		(1,092		)	2,219			18
Other assets:
Consumer MSRs	61			(6		)	0		0		0		3			(1		)	0		0			57			(6		)
Derivative assets⁽⁴⁾	48			3			0		0		0		5			(3		)	0		(3		)	50			3
Retained interest in securitizations	197			(2		)	0		0		0		0			0			0		0			195			(2		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(36	)	$	(2	)	$	0	$	0	$	0	$	(3	)	$	3		$	0	$	1		$	(37	)	$	(2	)



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Six Months Ended June 30, 2015
				Total Gains (Losses) (Realized/Unrealized)																									Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2015⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2015			Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2015
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	333		$	(1	)	$	5		$	0	$	(148	)	$	0		$	(10	)	$	0	$	(88	)	$	91		$	0
RMBS	561			19			(1		)	0		0			0			(27		)	192		(285		)	459			20
CMBS	228			0			1			86		0			0			(37		)	0		(108		)	170			0
Other ABS	65			1			(2		)	0		(20		)	0			0			0		(37		)	7			0
Other securities	18			0			0			0		0			0			0			0		0			18			0
Total securities available for sale	1,205			19			3			86		(168		)	0			(74		)	192		(518		)	745			20
Other assets:
Consumer MSRs	53			4			0			0		0			10			(2		)	0		0			65			4
Derivative assets⁽⁴⁾	66			1			0			0		0			27			(28		)	0		(5		)	61			1
Retained interest in securitizations	221			(1		)	0			0		0			0			0			0		0			220			(1		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(43	)	$	(1	)	$	0		$	0	$	0		$	(10	)	$	24		$	0	$	3		$	(27	)	$	(1	)



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Six Months Ended June 30, 2014
				Total Gains (Losses) (Realized/Unrealized)																								Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2014⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2014			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2014
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	927		$	0		$	15	$	0	$	(112	)	$	0		$	(39	)	$	64	$	(116	)	$	739		$	0
RMBS	1,304			37			36		980		0			0			(132		)	120		(1,509		)	836			37
CMBS	739			0			5		34		0			0			(30		)	66		(365		)	449			0
Other ABS	343			3			10		0		0			0			(2		)	43		(222		)	175			3
Other securities	17			0			0		0		0			0			0			3		0			20			0
Total securities available for sale	3,330			40			66		1,014		(112		)	0			(203		)	296		(2,212		)	2,219			40
Other assets:
Consumer MSRs	69			(17		)	0		0		0			7			(2		)	0		0			57			(17		)
Derivative assets⁽⁴⁾	50			3			0		0		0			7			(6		)	0		(4		)	50			3
Retained interest in securitization	199			(4		)	0		0		0			0			0			0		0			195			(4		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(38	)	$	(4	)	$	0	$	0	$	0		$	(4	)	$	8		$	0	$	1		$	(37	)	$	(4	)

__________


⁽¹⁾	Gains (losses) related to Level 3 Consumer MSRs, derivative assets and derivative liabilities, and retained interests in securitizations are reported in other non-interest income, which is a component of non-interest income, in our consolidated statements of income.


⁽²⁾	During the three and six months ended June 30, 2015 and 2014, the transfers into Level 3 were primarily driven by less consistency among vendor pricing on individual securities, while the transfers out of Level 3 were primarily driven by greater consistency among multiple pricing sources.

⁽³⁾


⁽⁴⁾	All Level 3 derivative assets and liabilities are presented on a gross basis and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty.

Schedule of Level 3 Inputs Reconciliation for Liabilities

Table 12.2: Level 3 Recurring Fair Value Rollforward



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended June 30, 2015
				Total Gains (Losses) (Realized/Unrealized)																									Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2015⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, April 1, 2015			Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2015
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	172		$	1		$	0		$	0	$	(80	)	$	0		$	(2	)	$	0	$	0		$	91		$	0
RMBS	555			11			(9		)	0		0			0			(14		)	107		(191		)	459			11
CMBS	174			0			0			86		0			0			(16		)	0		(74		)	170			0
Other ABS	7			0			0			0		0			0			0			0		0			7			0
Other securities	18			0			0			0		0			0			0			0		0			18			0
Total securities available for sale	926			12			(9		)	86		(80		)	0			(32		)	107		(265		)	745			11
Other assets:
Consumer MSRs	53			7			0			0		0			6			(1		)	0		0			65			7
Derivative assets⁽⁴⁾	73			(10		)	0			0		0			18			(16		)	0		(4		)	61			(10		)
Retained interest in securitizations	223			(3		)	0			0		0			0			0			0		0			220			(3		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(48	)	$	9		$	0		$	0	$	0		$	(3	)	$	12		$	0	$	3		$	(27	)	$	9



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended June 30, 2014
				Total Gains (Losses) (Realized/Unrealized)																							Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2014⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, April 1, 2014			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales		Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2014
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	752		$	0		$	5	$	0	$	0	$	0		$	(18	)	$	0	$	0		$	739		$	0
RMBS	1,727			17			8		94		0		0			(98		)	63		(975		)	836			17
CMBS	495			0			3		0		0		0			(19		)	28		(58		)	449			0
Other ABS	226			1			8		0		0		0			(1		)	0		(59		)	175			1
Other securities	17			0			0		0		0		0			0			3		0			20			0
Total securities available for sale	3,217			18			24		94		0		0			(136		)	94		(1,092		)	2,219			18
Other assets:
Consumer MSRs	61			(6		)	0		0		0		3			(1		)	0		0			57			(6		)
Derivative assets⁽⁴⁾	48			3			0		0		0		5			(3		)	0		(3		)	50			3
Retained interest in securitizations	197			(2		)	0		0		0		0			0			0		0			195			(2		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(36	)	$	(2	)	$	0	$	0	$	0	$	(3	)	$	3		$	0	$	1		$	(37	)	$	(2	)



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Six Months Ended June 30, 2015
				Total Gains (Losses) (Realized/Unrealized)																									Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2015⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2015			Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2015
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	333		$	(1	)	$	5		$	0	$	(148	)	$	0		$	(10	)	$	0	$	(88	)	$	91		$	0
RMBS	561			19			(1		)	0		0			0			(27		)	192		(285		)	459			20
CMBS	228			0			1			86		0			0			(37		)	0		(108		)	170			0
Other ABS	65			1			(2		)	0		(20		)	0			0			0		(37		)	7			0
Other securities	18			0			0			0		0			0			0			0		0			18			0
Total securities available for sale	1,205			19			3			86		(168		)	0			(74		)	192		(518		)	745			20
Other assets:
Consumer MSRs	53			4			0			0		0			10			(2		)	0		0			65			4
Derivative assets⁽⁴⁾	66			1			0			0		0			27			(28		)	0		(5		)	61			1
Retained interest in securitizations	221			(1		)	0			0		0			0			0			0		0			220			(1		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(43	)	$	(1	)	$	0		$	0	$	0		$	(10	)	$	24		$	0	$	3		$	(27	)	$	(1	)



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Six Months Ended June 30, 2014
				Total Gains (Losses) (Realized/Unrealized)																								Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2014⁽³⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2014			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales			Issuances			Settlements			Transfers Into Level 3⁽²⁾		Transfers Out of Level 3⁽²⁾			Balance, June 30, 2014
Assets:
Securities available for sale:
Corporate debt securities guaranteed by U.S. government agencies	$	927		$	0		$	15	$	0	$	(112	)	$	0		$	(39	)	$	64	$	(116	)	$	739		$	0
RMBS	1,304			37			36		980		0			0			(132		)	120		(1,509		)	836			37
CMBS	739			0			5		34		0			0			(30		)	66		(365		)	449			0
Other ABS	343			3			10		0		0			0			(2		)	43		(222		)	175			3
Other securities	17			0			0		0		0			0			0			3		0			20			0
Total securities available for sale	3,330			40			66		1,014		(112		)	0			(203		)	296		(2,212		)	2,219			40
Other assets:
Consumer MSRs	69			(17		)	0		0		0			7			(2		)	0		0			57			(17		)
Derivative assets⁽⁴⁾	50			3			0		0		0			7			(6		)	0		(4		)	50			3
Retained interest in securitization	199			(4		)	0		0		0			0			0			0		0			195			(4		)
Liabilities:
Other liabilities:
Derivative liabilities⁽⁴⁾	$	(38	)	$	(4	)	$	0	$	0	$	0		$	(4	)	$	8		$	0	$	1		$	(37	)	$	(4	)

__________


⁽¹⁾	Gains (losses) related to Level 3 Consumer MSRs, derivative assets and derivative liabilities, and retained interests in securitizations are reported in other non-interest income, which is a component of non-interest income, in our consolidated statements of income.


⁽²⁾	During the three and six months ended June 30, 2015 and 2014, the transfers into Level 3 were primarily driven by less consistency among vendor pricing on individual securities, while the transfers out of Level 3 were primarily driven by greater consistency among multiple pricing sources.

⁽³⁾


⁽⁴⁾	All Level 3 derivative assets and liabilities are presented on a gross basis and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty.

Schedule of Assets Measured at Fair Value on Recurring Basis Quantitative Information

Table 12.3: Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at June 30,
2015

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average

Assets:

Securities available for sale:

RMBS

459

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

1-18%
0-20%
0-16%
0-85%

5%
4%
5%
55%

CMBS

170

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate

1-3%
0-100%

2%
5%

Other ABS

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

2%
0%
1%
30%

U.S. government guaranteed debt and other securities

109

Discounted cash flows (3rd party pricing)

Yield

1-4%

Other assets:

Consumer MSRs

Discounted cash flows

Total prepayment rate
Discount rate
Option-adjusted spread rate
Servicing cost ($ per loan)

11-18%
11%
435-1500 bps
$93-$209

15%
11%
478 bps
$100

Derivative assets⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Retained interests in securitization⁽²⁾

220

Discounted cash flows

Life of receivables (months) Constant prepayment rate
Discount rate
Default rate
Loss severity

22-69
1-15%
4-8%
2-7%
22-100%

N/A

Liabilities:

Derivative liabilities⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at

December 31,

2014

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average

Assets:

Securities available for sale:

RMBS

561

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

0-18%
0-23%
0-15%
0-85%

6%
4%
5%
55%

CMBS

228

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate

1-4%
0-100%

1%
5%

Other ABS

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

2-7%
0-3%
1-10%
30-88%

5%
2%
7%
71%

U.S. government guaranteed debt and other securities

351

Discounted cash flows (3rd party pricing)

Yield

1-4%

Other assets:

Consumer MSRs

Discounted cash flows

Total prepayment rate
Discount rate
Option-adjusted spread rate
Servicing cost ($ per loan)

12-27%
12%
435-1,500 bps
$93-$209

18%
12%
478 bps
$101

Derivative assets⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Retained interests in securitization⁽²⁾

221

Discounted cash flows

Life of receivables (months) Constant prepayment rate
Discount rate
Default rate
Loss severity

25-72
2-13%
4-9%
2-8%
19-95%

N/A

Liabilities:

Derivative liabilities⁽¹⁾

Discounted cash flows

Swap rates

2-3%

__________


⁽¹⁾	All Level 3 derivative assets and liabilities are presented on a gross basis and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty.


⁽²⁾	Due to the nature of the various mortgage securitization structures in which we have retained interests, it is not meaningful to present a consolidated weighted average for the significant unobservable inputs.

Schedule of Liabilities Measured at Fair Value on Recurring Basis Quantitative Information

Table 12.3: Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at June 30,
2015

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average

Assets:

Securities available for sale:

RMBS

459

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

1-18%
0-20%
0-16%
0-85%

5%
4%
5%
55%

CMBS

170

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate

1-3%
0-100%

2%
5%

Other ABS

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

2%
0%
1%
30%

U.S. government guaranteed debt and other securities

109

Discounted cash flows (3rd party pricing)

Yield

1-4%

Other assets:

Consumer MSRs

Discounted cash flows

Total prepayment rate
Discount rate
Option-adjusted spread rate
Servicing cost ($ per loan)

11-18%
11%
435-1500 bps
$93-$209

15%
11%
478 bps
$100

Derivative assets⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Retained interests in securitization⁽²⁾

220

Discounted cash flows

Life of receivables (months) Constant prepayment rate
Discount rate
Default rate
Loss severity

22-69
1-15%
4-8%
2-7%
22-100%

N/A

Liabilities:

Derivative liabilities⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at

December 31,

2014

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average

Assets:

Securities available for sale:

RMBS

561

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

0-18%
0-23%
0-15%
0-85%

6%
4%
5%
55%

CMBS

228

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate

1-4%
0-100%

1%
5%

Other ABS

Discounted cash flows (3rd party pricing)

Yield
Constant prepayment rate
Default rate
Loss severity

2-7%
0-3%
1-10%
30-88%

5%
2%
7%
71%

U.S. government guaranteed debt and other securities

351

Discounted cash flows (3rd party pricing)

Yield

1-4%

Other assets:

Consumer MSRs

Discounted cash flows

Total prepayment rate
Discount rate
Option-adjusted spread rate
Servicing cost ($ per loan)

12-27%
12%
435-1,500 bps
$93-$209

18%
12%
478 bps
$101

Derivative assets⁽¹⁾

Discounted cash flows

Swap rates

2-3%

Retained interests in securitization⁽²⁾

221

Discounted cash flows

Life of receivables (months) Constant prepayment rate
Discount rate
Default rate
Loss severity

25-72
2-13%
4-9%
2-8%
19-95%

N/A

Liabilities:

Derivative liabilities⁽¹⁾

Discounted cash flows

Swap rates

2-3%

__________


⁽¹⁾	All Level 3 derivative assets and liabilities are presented on a gross basis and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty.


⁽²⁾	Due to the nature of the various mortgage securitization structures in which we have retained interests, it is not meaningful to present a consolidated weighted average for the significant unobservable inputs.

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents the carrying amount of the assets measured at fair value on a nonrecurring basis and still held as of June 30, 2015 and December 31, 2014, and for which a nonrecurring fair value measurement was recorded during the six and twelve months then ended:

Table 12.4: Nonrecurring Fair Value Measurements Related to Assets Still Held at Period End



	June 30, 2015
	Estimated Fair Value Hierarchy						Total
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Loans held for investment	$	0	$	0	$	158	$	158
Loans held for sale	0		156		0		156
Other assets⁽¹⁾	0		0		71		71
Total	$	0	$	156	$	229	$	385



	December 31, 2014
	Estimated Fair Value Hierarchy						Total
(Dollars in millions)	Level 1		Level 2		Level 3		Total
Assets:
Loans held for investment	$	0	$	0	$	121	$	121
Loans held for sale	0		34		0		34
Other assets⁽¹⁾	0		0		65		65
Total	$	0	$	34	$	186	$	220

__________


⁽¹⁾	Includes foreclosed property and repossessed assets of $39 million and long-lived assets held for sale of $32 million as of June 30, 2015, compared to foreclosed property and repossessed assets of $60 million and long-lived assets held for sale of $5 million as of December 31, 2014.

Schedule of Earnings Related to Assets Measured at Fair Value on Nonrecurring Basis

Table 12.5: Nonrecurring Fair Value Measurements Included in Earnings Related to Assets Still Held at Period End



	Total Gains (Losses)
	Six Months Ended June 30,
(Dollars in millions)	2015			2014
Assets:
Loans held for investment	$	(48	)	$	(23	)
Loans held for sale	(3		)	0
Other assets⁽¹⁾	(30		)	(5		)
Total	$	(81	)	$	(28	)

__________


⁽¹⁾	Includes losses related to foreclosed property, repossessed assets and long-lived assets.

Schedule of Fair Value of Financial Instruments

The following table presents the fair value of financial instruments, whether recognized or not on the consolidated balance sheets at fair value, as of June 30, 2015 and December 31, 2014:

Table 12.6: Fair Value of Financial Instruments



	June 30, 2015				Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Amount		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	7,156	$	7,156	$	7,156	$	0	$	0
Restricted cash for securitization investors	253		253		253		0		0
Securities available for sale	39,136		39,136		4,552		33,839		745
Securities held to maturity	23,668		24,511		199		24,099		213
Net loans held for investment	205,029		207,984		0		0		207,984
Loans held for sale	1,066		1,105		0		1,105		0
Interest receivable⁽¹⁾	1,056		1,056		0		1,056		0
Derivative assets⁽¹⁾⁽²⁾	1,357		1,357		4		1,292		61
Retained interests in securitizations	220		220		0		0		220
Financial liabilities:
Non-interest bearing deposits	$	25,123	$	25,123	$	25,123	$	0	$	0
Interest-bearing deposits	183,657		176,766		0		10,883		165,883
Securitized debt obligations	13,785		13,883		0		13,883		0
Senior and subordinated notes	19,987		20,240		0		20,240		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	1,888		1,888		1,888		0		0
Other borrowings	10,106		10,127		0		10,127		0
Interest payable⁽¹⁾	262		262		0		262		0
Derivative liabilities⁽¹⁾⁽²⁾	585		585		4		554		27



	December 31, 2014				Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Amount		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	7,242	$	7,242	$	7,242	$	0	$	0
Restricted cash for securitization investors	234		234		234		0		0
Securities available for sale	39,508		39,508		4,228		34,075		1,205
Securities held to maturity	22,500		23,634		0		23,503		131
Net loans held for investment	203,933		207,104		0		0		207,104
Loans held for sale	626		650		0		650		0
Interest receivable⁽¹⁾	1,079		1,079		0		1,079		0
Derivatives assets⁽¹⁾⁽²⁾	1,452		1,452		4		1,382		66
Retained interests in securitizations	221		221		0		0		221
Financial liabilities:
Non-interest bearing deposits	$	25,081	$	25,081	$	25,081	$	0	$	0
Interest-bearing deposits	180,467		174,074		0		11,668		162,406
Securitized debt obligations	11,624		11,745		0		11,745		0
Senior and subordinated notes	18,684		19,083		0		19,083		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	880		880		880		0		0
Other borrowings	17,269		17,275		0		17,275		0
Interest payable⁽¹⁾	254		254		0		254		0
Derivatives liabilities⁽¹⁾⁽²⁾	339		339		3		293		43

__________

⁽¹⁾

As of January 1, 2015, we changed our accounting principle to move from a gross basis of presentation to a net basis, for presenting qualifying derivative assets and liabilities, as well as the related right to reclaim cash collateral or obligation to return cash collateral. Prior period results have been recast to conform to this presentation. See additional information in “Note 1—Summary of Significant Accounting Policies.”


⁽²⁾	The balances represent gross derivative amounts and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty. See additional information in “Note 9—Derivative Instruments and Hedging Activities.”

Business Segments (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Schedule of Segment Results and Reconciliation

The following tables present our business segment results for the three and six months ended June 30, 2015 and 2014, selected balance sheet data as of June 30, 2015 and 2014, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, assets and deposits. Prior period amounts have been recast to conform to the current period.

Table 13.1: Segment Results and Reconciliation



	Three Months Ended June 30, 2015
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income (expense)	$	2,633	$	1,444	$	466	$	(6	)	$	4,537
Non-interest income	845		196		123		(29		)	1,135
Total net revenue (loss)	3,478		1,640		589		(35		)	5,672
Provision for credit losses	895		185		49		0			1,129
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	80		0		0		0			80
Core deposit intangible amortization	0		21		4		0			25
Total PCCR and core deposit intangible amortization	80		21		4		0			105
Other non-interest expense	1,777		977		266		182			3,202
Total non-interest expense	1,857		998		270		182			3,307
Income (loss) from continuing operations before income taxes	726		457		270		(217		)	1,236
Income tax provision (benefit)	263		166		98		(143		)	384
Income (loss) from continuing operations, net of tax	$	463	$	291	$	172	$	(74	)	$	852
Loans held for investment	$	87,203	$	71,176	$	51,231	$	95		$	209,705
Deposits	0		170,321		32,909		5,550			208,780

	Three Months Ended June 30, 2014
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income (expense)	$	2,461	$	1,431	$	436	$	(13	)	$	4,315
Non-interest income	839		170		109		35			1,153
Total net revenue	3,300		1,601		545		22			5,468
Provision for credit losses	549		143		12		0			704
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	94		0		0		0			94
Core deposit intangible amortization	0		28		5		0			33
Total PCCR and core deposit intangible amortization	94		28		5		0			127
Other non-interest expense	1,625		910		262		55			2,852
Total non-interest expense	1,719		938		267		55			2,979
Income (loss) from continuing operations before income taxes	1,032		520		266		(33		)	1,785
Income tax provision (benefit)	364		186		95		(64		)	581
Income from continuing operations, net of tax	$	668	$	334	$	171	$	31		$	1,204
Loans held for investment	$	79,018	$	71,062	$	48,321	$	127		$	198,528
Deposits	0		169,153		31,440		5,297			205,890



	Six Months Ended June 30, 2015
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income	$	5,299	$	2,878	$	927	$	9		$	9,113
Non-interest income	1,661		354		237		(46		)	2,206
Total net revenue (loss)	6,960		3,232		1,164		(37		)	11,319
Provision for credit losses	1,564		391		109		0			2,064
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	164		0		0		0			164
Core deposit intangible amortization	0		43		8		0			51
Total PCCR and core deposit intangible amortization	164		43		8		0			215
Other non-interest expense	3,469		1,925		534		213			6,141
Total non-interest expense	3,633		1,968		542		213			6,356
Income (loss) from continuing operations before income taxes	1,763		873		513		(250		)	2,899
Income tax provision (benefit)	632		316		186		(221		)	913
Income (loss) from continuing operations, net of tax	$	1,131	$	557	$	327	$	(29	)	$	1,986
Loans held for investment	$	87,203	$	71,176	$	51,231	$	95		$	209,705
Deposits	0		170,321		32,909		5,550			208,780

	Six Months Ended June 30, 2014
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Other			Consolidated Total
Net interest income (expense)	$	4,986	$	2,864	$	857	$	(42	)	$	8,665
Non-interest income	1,624		320		196		33			2,173
Total net revenue (loss)	6,610		3,184		1,053		(9		)	10,838
Provision (benefit) for credit losses	1,107		283		52		(3		)	1,439
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	192		0		0		0			192
Core deposit intangible amortization	0		58		11		0			69
Total PCCR and core deposit intangible amortization	192		58		11		0			261
Other non-interest expense	3,253		1,810		511		76			5,650
Total non-interest expense	3,445		1,868		522		76			5,911
Income (loss) from continuing operations before income taxes	2,058		1,033		479		(82		)	3,488
Income tax provision (benefit)	722		369		171		(102		)	1,160
Income from continuing operations, net of tax	$	1,336	$	664	$	308	$	20		$	2,328
Loans held for investment	$	79,018	$	71,062	$	48,321	$	127		$	198,528
Deposits	0		169,153		31,440		5,297			205,890

Commitments, Contingencies, Guarantees, and Others (Tables)

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Unpaid Principal Balance of Mortgage Loans Originated and Sold to Third Parties Based on Category of Purchaser

Table 14.1: Unpaid Principal Balance of Mortgage Loans Originated and Sold to Third Parties Based on Category of Purchaser



	Estimated Unpaid Principal Balance				Original Principal Balance
(Dollars in billions)	June 30, 2015		December 31, 2014		Total		2008		2007		2006		2005
GSEs	$	2	$	3	$	11	$	1	$	4	$	3	$	3
Insured Securitizations	4		4		20		0		2		8		10
Uninsured Securitizations and Other	15		16		80		3		15		30		32
Total	$	21	$	23	$	111	$	4	$	21	$	41	$	45

Schedule of Open Claims in Pipeline

Table 14.2: Open Pipeline All Vintages (all entities)⁽¹⁾



(Dollars in millions)	GSEs			Insured Securitizations			Uninsured Securitizations and Other			Total
Open claims as of December 31, 2013	$	89		$	1,614		$	1,122		$	2,825
Gross new demands received	22			0			742			764
Loans repurchased/made whole	(31		)	0			(5		)	(36		)
Demands rescinded	(64		)	(965		)	(12		)	(1,041		)
Open claims as of December 31, 2014	$	16		$	649		$	1,847		$	2,512
Gross new demands received	16			0			17			33
Loans repurchased/made whole	(12		)	0			(1		)	(13		)
Demands rescinded	(13		)	(106		)	(738		)	(857		)
Open claims as of June 30, 2015	$	7		$	543		$	1,125		$	1,675

__________

⁽¹⁾

Schedule of Changes in Representation and Warranty Reserve

The following table summarizes changes in our representation and warranty reserve for the three and six months ended June 30, 2015 and 2014:

Table 14.3: Changes in Representation and Warranty Reserve⁽¹⁾



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2015			2014			2015			2014
Representation and warranty reserve, beginning of period	$	673		$	1,128		$	731		$	1,172
(Benefit) provision for mortgage representation and warranty losses:
Recorded in continuing operations	(9		)	(29		)	(8		)	(15		)
Recorded in discontinued operations	(27		)	11			(46		)	(36		)
Total benefit for mortgage representation and warranty losses	(36		)	(18		)	(54		)	(51		)
Net realized losses	(1		)	(98		)	(41		)	(109		)
Representation and warranty reserve, end of period	$	636		$	1,012		$	636		$	1,012

__________


⁽¹⁾	Reported on our consolidated balance sheets as a component of other liabilities.

Schedule of Allocation of Representation and Warranty Reserves

The following table summarizes the allocation of our representation and warranty reserve as June 30, 2015 and December 31, 2014.

Table 14.4: Allocation of Representation and Warranty Reserve



	Reserve Liability				Loans Sold 2005 to 2008⁽¹⁾
(Dollars in millions, except for loans sold)	June 30, 2015		December 31, 2014		Loans Sold 2005 to 2008⁽¹⁾
Selected period-end data:
GSEs and Active Insured Securitizations	$	486	$	499	$	27
Inactive Insured Securitizations and Others	150		232		84
Total⁽²⁾	$	636	$	731	$	111

__________


⁽¹⁾	Reflects, in billions, the total original principal balance of loans originated by our subsidiaries and sold to third-party investors between 2005 and 2008.


⁽²⁾	The total reserve liability includes an immaterial amount related to loans that were originated after 2008.

Summary of Significant Accounting Policies Summary of Significant Accounting Policieis - Change in Accounting Principle (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest receivable	$ (1,056)	$ (1,079)
Other assets	(15,560)	(15,382)
Total Assets	(310,510)	(308,167)
Interest payable	(262)	(254)
Other liabilities	(9,043)	(8,855)
Total liabilities	$ (263,851)	(263,114)
Restatement Adjustment [Member] \| Derivative Presentation Changed from Gross Basis to Net Basis [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest receivable		356
Other assets		331
Total Assets		687
Interest payable		63
Other liabilities		624
Total liabilities		$ 687

Discontinued Operations - Summary of Results from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax	$ 11	$ (10)	$ 30	$ 20
Wholesale Mortgage Banking Unit
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-interest income (expense), net	18	(15)	48	32
Income (loss) from discontinued operations before income taxes	18	(15)	48	32
Income tax provision (benefit)	7	(5)	18	12
Income (loss) from discontinued operations, net of tax	$ 11	$ (10)	$ 30	$ 20

- Definition

Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

Investment Securities - Additional Information (Details) $ in Millions	Jun. 30, 2015 USD ($) Security	Dec. 31, 2014 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Number of sale securities exceeding amortized cost over fair value \| Security	470
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (210)	$ (237)
Difference in amortized cost and fair value of securities that had been in a loss position for 12 months or longer	$ (136)	(206)
Securities held to maturity \| Security	60
Fair value of securities pledged	$ 2,100	3,500
Carrying value of securities pledged	9,300	9,000
Encumbered amount of securities pledged as collateral	11,000	10,600
Fair value of securities pledged, accepted	16	91
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	$ (54)	$ (6)
Non-agency RMBS and CMBS, Non-agency ABS and Other Securities \| Gross Unrealized Losses on Available-for-sale Securities
Schedule of Available-for-sale Securities [Line Items]
Percentage of portfolio	14.00%
Investment Securities Portfolio \| US Treasury and Government
Schedule of Available-for-sale Securities [Line Items]
Percentage of portfolio	88.63%	86.00%
Non-agency RMBS and CMBS, Non-agency ABS and Other Securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (30)

Investment Securities - Schedule of Investment Portfolio (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Securities available for sale, at fair value	$ 39,136	$ 39,508
Securities held to maturity, at carrying value	23,668	22,500
Total investments	$ 62,804	$ 62,008

Investment Securities - Schedule of Available-for-Sale Securities (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Investment securities available for sale:
Total Amortized Cost	$ 38,556	$ 38,859
Gross Unrealized Gains	790	886
Gross Unrealized Losses	(210)	(237)
Securities available for sale, at fair value	$ 39,136	$ 39,508
Collateralized by Credit Card Loans \| Other Asset-backed Securities Portfolio
Investment securities available for sale:
Percentage of portfolio	63.00%	56.00%
Auto Dealer Floor Plan Inventory Loans and Leases \| Other Asset-backed Securities Portfolio
Investment securities available for sale:
Percentage of portfolio	13.00%	16.00%
U.S. Treasury securities
Investment securities available for sale:
Total Amortized Cost	$ 4,411	$ 4,114
Gross Unrealized Gains	27	5
Gross Unrealized Losses	0	(1)
Securities available for sale, at fair value	4,438	4,118
Corporate debt securities guaranteed by U.S. government agencies
Investment securities available for sale:
Total Amortized Cost	425	819
Gross Unrealized Gains	2	1
Gross Unrealized Losses	(6)	(20)
Securities available for sale, at fair value	421	800
RMBS
Investment securities available for sale:
Total Amortized Cost	26,386	24,742
Gross Unrealized Gains	700	757
Gross Unrealized Losses	(140)	(118)
Securities available for sale, at fair value	26,946	25,381
RMBS \| Agency
Investment securities available for sale:
Total Amortized Cost	23,529	21,804
Gross Unrealized Gains	252	296
Gross Unrealized Losses	(129)	(105)
Securities available for sale, at fair value	23,652	21,995
RMBS \| Non-Agency
Investment securities available for sale:
Total Amortized Cost	2,857	2,938
Gross Unrealized Gains	448	461
Gross Unrealized Losses	(11)	(13)
Securities available for sale, at fair value	3,294	3,386
Non-credit OTTI losses related to non-agency RMBS	10	8
CMBS
Investment securities available for sale:
Total Amortized Cost	5,266	5,531
Gross Unrealized Gains	56	63
Gross Unrealized Losses	(59)	(75)
Securities available for sale, at fair value	5,263	5,519
CMBS \| Agency
Investment securities available for sale:
Total Amortized Cost	3,501	3,751
Gross Unrealized Gains	28	32
Gross Unrealized Losses	(45)	(60)
Securities available for sale, at fair value	3,484	3,723
CMBS \| Non-Agency
Investment securities available for sale:
Total Amortized Cost	1,765	1,780
Gross Unrealized Gains	28	31
Gross Unrealized Losses	(14)	(15)
Securities available for sale, at fair value	1,779	1,796
Other ABS
Investment securities available for sale:
Total Amortized Cost	1,728	2,618
Gross Unrealized Gains	3	54
Gross Unrealized Losses	(4)	(10)
Securities available for sale, at fair value	1,727	2,662
Other securities
Investment securities available for sale:
Total Amortized Cost	340	1,035
Gross Unrealized Gains	2	6
Gross Unrealized Losses	(1)	(13)
Securities available for sale, at fair value	$ 341	$ 1,028

Investment Securities - Investment Securities Held to Maturity (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 24,899	$ 23,804
Unrealized Losses Recorded in AOCI	(1,231)	(1,304)
Carrying Value	23,668	22,500
Gross Unrealized Gains	897	1,140
Gross Unrealized Losses	(54)	(6)
Fair Value	24,511	23,634
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	198
Unrealized Losses Recorded in AOCI	0
Carrying Value	198
Gross Unrealized Gains	1
Gross Unrealized Losses	0
Fair Value	199
Agency \| RMBS
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	21,732	21,347
Unrealized Losses Recorded in AOCI	(1,118)	(1,184)
Carrying Value	20,614	20,163
Gross Unrealized Gains	804	1,047
Gross Unrealized Losses	(47)	0
Fair Value	21,371	21,210
Agency \| CMBS
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,969	2,457
Unrealized Losses Recorded in AOCI	(113)	(120)
Carrying Value	2,856	2,337
Gross Unrealized Gains	92	93
Gross Unrealized Losses	(7)	(6)
Fair Value	$ 2,941	$ 2,424

Investment Securities - Schedule of Available-for-Sale Securities in Gross Unrealized Loss Position (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 9,849	$ 7,382
Less than 12 Months, Gross Unrealized Losses	(74)	(31)
12 Months or Longer, Fair Value	6,092	8,871
12 Months or Longer, Gross Unrealized Losses	(136)	(206)
Total Fair Value	15,941	16,253
Total Gross Unrealized Losses	(210)	(237)
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value		1,499
Less than 12 Months, Gross Unrealized Losses		(1)
12 Months or Longer, Fair Value		0
12 Months or Longer, Gross Unrealized Losses		0
Total Fair Value		1,499
Total Gross Unrealized Losses		(1)
Corporate debt securities guaranteed by U.S. government agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	28	113
Less than 12 Months, Gross Unrealized Losses	0	(2)
12 Months or Longer, Fair Value	301	557
12 Months or Longer, Gross Unrealized Losses	(6)	(18)
Total Fair Value	329	670
Total Gross Unrealized Losses	(6)	(20)
RMBS
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	8,297	4,329
Less than 12 Months, Gross Unrealized Losses	(65)	(24)
12 Months or Longer, Fair Value	3,578	4,503
12 Months or Longer, Gross Unrealized Losses	(75)	(94)
Total Fair Value	11,875	8,832
Total Gross Unrealized Losses	(140)	(118)
RMBS \| Agency
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	7,942	3,917
Less than 12 Months, Gross Unrealized Losses	(59)	(15)
12 Months or Longer, Fair Value	3,479	4,413
12 Months or Longer, Gross Unrealized Losses	(70)	(90)
Total Fair Value	11,421	8,330
Total Gross Unrealized Losses	(129)	(105)
RMBS \| Non-Agency
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	355	412
Less than 12 Months, Gross Unrealized Losses	(6)	(9)
12 Months or Longer, Fair Value	99	90
12 Months or Longer, Gross Unrealized Losses	(5)	(4)
Total Fair Value	454	502
Total Gross Unrealized Losses	(11)	(13)
CMBS
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	1,066	552
Less than 12 Months, Gross Unrealized Losses	(9)	(3)
12 Months or Longer, Fair Value	1,765	2,674
12 Months or Longer, Gross Unrealized Losses	(50)	(72)
Total Fair Value	2,831	3,226
Total Gross Unrealized Losses	(59)	(75)
CMBS \| Agency
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	506	294
Less than 12 Months, Gross Unrealized Losses	(3)	(2)
12 Months or Longer, Fair Value	1,458	1,993
12 Months or Longer, Gross Unrealized Losses	(42)	(58)
Total Fair Value	1,964	2,287
Total Gross Unrealized Losses	(45)	(60)
CMBS \| Non-Agency
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	560	258
Less than 12 Months, Gross Unrealized Losses	(6)	(1)
12 Months or Longer, Fair Value	307	681
12 Months or Longer, Gross Unrealized Losses	(8)	(14)
Total Fair Value	867	939
Total Gross Unrealized Losses	(14)	(15)
Other ABS
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	432	783
Less than 12 Months, Gross Unrealized Losses	0	(1)
12 Months or Longer, Fair Value	428	586
12 Months or Longer, Gross Unrealized Losses	(4)	(9)
Total Fair Value	860	1,369
Total Gross Unrealized Losses	(4)	(10)
Other securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	26	106
Less than 12 Months, Gross Unrealized Losses	0	0
12 Months or Longer, Fair Value	20	551
12 Months or Longer, Gross Unrealized Losses	(1)	(13)
Total Fair Value	46	657
Total Gross Unrealized Losses	$ (1)	$ (13)

Investment Securities - Schedule of Contractual Maturities for Available for Sale Securities (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Amortized Cost
Due in 1 year or less	$ 841
Due after 1 year through 5 years	5,724
Due after 5 years through 10 years	2,031
Due after 10 years	29,960
Total Amortized Cost	38,556	$ 38,859
Fair Value
Due in 1 year or less	841
Due after 1 year through 5 years	5,758
Due after 5 years through 10 years	2,058
Due after 10 years	30,479
Available-for-sale Securities	$ 39,136	$ 39,508

Investment Securities - Schedule of Contractual Maturities of Securities Held to Maturity (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Carrying Value
Due after 1 year through 5 years	$ 198
Due after 5 years through 10 years	1,148
Due after 10 years	22,322
Carrying Value	23,668	$ 22,500
Fair Value
Due after 1 year through 5 years	199
Due after 5 years through 10 years	1,221
Due after 10 years	23,091
Fair Value	$ 24,511	$ 23,634

Investment Securities - Schedule of Expected Maturities and Weighted Average Yields of Investment Securities by Major Security Type (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Securities available for sale
Due in 1 Year or Less	$ 1,444
Due 1 Year through 5 Years	20,422
Due 5 Years through 10 Years	16,491
Due 10 Years	779
Available-for-sale Securities	39,136	$ 39,508
Amortized cost of securities available for sale
Due in 1 Year or Less	1,448
Due 1 Year through 5 Years	20,184
Due 5 Years through 10 Years	16,226
Due 10 Years	698
Total Amortized Cost	$ 38,556	38,859
Weighted average yield for securities available for sale
Due in 1 Year or Less	1.12%
Due 1 Year through 5 Years	2.18%
Due 5 Years through 10 Years	2.94%
Due 10 Years	5.60%
Total weighted average yield	2.52%
Carrying value of securities held to maturity
Due in 1 Year or Less	$ 13
Due 1 Year through 5 Years	896
Due 5 Years through 10 Years	19,115
Due 10 Years	3,644
Carrying Value	23,668	22,500
Fair value of securities held to maturity
Due in 1 Year or Less	14
Due 1 Year through 5 Years	917
Due 5 Years through 10 Years	19,846
Due 10 Years	3,734
Fair Value	$ 24,511	23,634
Weighted average yield for securities held to maturity
Due in 1 Year or Less	5.67%
Due 1 Year through 5 Years	2.95%
Due 5 Years through 10 Years	2.53%
Due 10 Years	3.44%
Total weighted average yield	2.69%
U.S. Treasury securities
Carrying value of securities held to maturity
Due in 1 Year or Less	$ 0
Due 1 Year through 5 Years	198
Due 5 Years through 10 Years	0
Due 10 Years	0
Carrying Value	198
Fair value of securities held to maturity
Fair Value	199
U.S. Treasury securities
Securities available for sale
Due in 1 Year or Less	551
Due 1 Year through 5 Years	3,887
Due 5 Years through 10 Years	0
Due 10 Years	0
Available-for-sale Securities	4,438	4,118
Amortized cost of securities available for sale
Total Amortized Cost	4,411	4,114
Corporate debt securities guaranteed by U.S. government agencies
Securities available for sale
Due in 1 Year or Less	0
Due 1 Year through 5 Years	295
Due 5 Years through 10 Years	126
Due 10 Years	0
Available-for-sale Securities	421	800
Amortized cost of securities available for sale
Total Amortized Cost	425	819
RMBS
Securities available for sale
Due in 1 Year or Less	225
Due 1 Year through 5 Years	12,592
Due 5 Years through 10 Years	13,458
Due 10 Years	671
Available-for-sale Securities	26,946	25,381
Amortized cost of securities available for sale
Total Amortized Cost	26,386	24,742
RMBS \| Agency
Securities available for sale
Due in 1 Year or Less	216
Due 1 Year through 5 Years	11,642
Due 5 Years through 10 Years	11,794
Due 10 Years	0
Available-for-sale Securities	23,652	21,995
Amortized cost of securities available for sale
Total Amortized Cost	23,529	21,804
Carrying value of securities held to maturity
Due in 1 Year or Less	13
Due 1 Year through 5 Years	638
Due 5 Years through 10 Years	16,658
Due 10 Years	3,305
Carrying Value	20,614	20,163
Fair value of securities held to maturity
Fair Value	21,371	21,210
RMBS \| Non-Agency
Securities available for sale
Due in 1 Year or Less	9
Due 1 Year through 5 Years	950
Due 5 Years through 10 Years	1,664
Due 10 Years	671
Available-for-sale Securities	3,294	3,386
Amortized cost of securities available for sale
Total Amortized Cost	2,857	2,938
CMBS
Securities available for sale
Due in 1 Year or Less	246
Due 1 Year through 5 Years	2,409
Due 5 Years through 10 Years	2,589
Due 10 Years	19
Available-for-sale Securities	5,263	5,519
Amortized cost of securities available for sale
Total Amortized Cost	5,266	5,531
CMBS \| Agency
Securities available for sale
Due in 1 Year or Less	88
Due 1 Year through 5 Years	1,931
Due 5 Years through 10 Years	1,446
Due 10 Years	19
Available-for-sale Securities	3,484	3,723
Amortized cost of securities available for sale
Total Amortized Cost	3,501	3,751
Carrying value of securities held to maturity
Due in 1 Year or Less	0
Due 1 Year through 5 Years	60
Due 5 Years through 10 Years	2,457
Due 10 Years	339
Carrying Value	2,856	2,337
Fair value of securities held to maturity
Fair Value	2,941	2,424
CMBS \| Non-Agency
Securities available for sale
Due in 1 Year or Less	158
Due 1 Year through 5 Years	478
Due 5 Years through 10 Years	1,143
Due 10 Years	0
Available-for-sale Securities	1,779	1,796
Amortized cost of securities available for sale
Total Amortized Cost	1,765	1,780
Other ABS
Securities available for sale
Due in 1 Year or Less	358
Due 1 Year through 5 Years	1,177
Due 5 Years through 10 Years	192
Due 10 Years	0
Available-for-sale Securities	1,727	2,662
Amortized cost of securities available for sale
Total Amortized Cost	1,728	2,618
Other securities
Securities available for sale
Due in 1 Year or Less	64
Due 1 Year through 5 Years	62
Due 5 Years through 10 Years	126
Due 10 Years	89
Available-for-sale Securities	341	1,028
Amortized cost of securities available for sale
Total Amortized Cost	$ 340	$ 1,035

Investment Securities - Schedule of Credit Losses Related to Debt Securities Recognized in Earnings (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Credit loss component, beginning of period	$ 190	$ 165	$ 175	$ 160
Additions:
Initial credit impairment	0	0	5	1
Subsequent credit impairment	2	1	12	5
Total additions	2	1	17	6
Reductions due to payoffs, disposals, transfers and other	0	(1)	0	(1)
Credit loss component, end of period	$ 192	$ 165	$ 192	$ 165

Investment Securities - Schedule of Gross Realized Gains and Losses on Available-for-Sale Securities and OTTI Recognized in Earnings (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Realized gains (losses):
Gross realized gains	$ 8	$ 2	$ 17	$ 34
Gross realized losses	(9)	(3)	(16)	(22)
Net realized (losses) gains	(1)	(1)	1	12
OTTI recognized in earnings:
Credit-related OTTI	(2)	(1)	(17)	(6)
Intent to Sell OTTI	(5)	0	(5)	0
Total OTTI recognized in earnings	(7)	(1)	(22)	(6)
Net securities (losses) gains	(8)	(2)	(21)	6
Proceeds from sales	$ 971	$ 583	$ 2,313	$ 3,559

Investment Securities - Schedule of Outstanding Contractual Balance and Carrying Value of Acquired Credit-Impaired Debt Securities (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Outstanding Balance and Carrying Value of Acquired Securities
Outstanding balance	$ 3,526	$ 3,768
Carrying value	$ 2,677	$ 2,839

Investment Securities - Schedule of Changes in Accretable Yield of Acquired Securities (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Changes in Accretable Yield of Acquired Securities
Accretable yield beginning balance	$ 1,171	$ 1,250
Accretion recognized in earnings	(62)	(123)
Reduction due to payoffs, disposals, transfers and other	0	(1)
Net reclassifications from (to) nonaccretable difference	83	66
Accretable yield ending balance	$ 1,192	$ 1,192

Loans - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 209,705	$ 208,316	$ 198,528
Loans held for sale	1,066	626
Mortgage loans in process of foreclosure	543
Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings included in impaired loans	1,665	1,652
Home loan \| Other Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real estate acquired through foreclosure	125	131
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	95	111
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	71,176	71,439
Consumer Portfolio Segment [Member] \| Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings included in impaired loans	1,000	1,000
Consumer Portfolio Segment [Member] \| Home loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	27,595	30,035
Commercial Banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	51,231	50,890
Commercial Banking \| Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum loan amount reviewed quarterly by management for further deterioration	1
Commercial Banking \| Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum loan amount requiring annual review	1
Commercial Banking \| Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings included in impaired loans	211	194
Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	87,203	85,876
Other Portfolio Segments, Excluding Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused Commitments to Extend Credit	23,800	24,500
Advised Line of Credit	$ 1,200	924
Home Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold Period Past Due for Entering Foreclosure Process Status of Financing Receivables	120 days
Unused lines of Credit [Member] \| Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused Commitments to Extend Credit	$ 306,500	$ 292,900

Loans - 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 1,048	$ 1,263
Nonperforming Loans	$ 1,042	$ 809
Percent 90 days past due and still accruing	0.50%	0.61%
Financing Receivable, Nonaccrual, Percent Past Due	0.50%	0.39%
Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 1,041	$ 1,254
Nonperforming Loans	68	70
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	1	1
Nonperforming Loans	$ 501	$ 549
Financing Receivable, Nonaccrual, Percent Past Due	0.70%	0.77%
Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 0	$ 0
Nonperforming Loans	$ 160	$ 197
Financing Receivable, Nonaccrual, Percent Past Due	0.40%	0.52%
Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 0	$ 0
Nonperforming Loans	$ 313	$ 330
Financing Receivable, Nonaccrual, Percent Past Due	1.13%	1.10%
Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 1	$ 1
Nonperforming Loans	$ 28	$ 22
Financing Receivable, Nonaccrual, Percent Past Due	0.79%	0.61%
Commercial Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 6	$ 8
Nonperforming Loans	463	175
Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	6	8
Nonperforming Loans	460	168
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	0	7
Nonperforming Loans	27	62
Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	6	1
Nonperforming Loans	433	106
Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	0	0
Nonperforming Loans	3	7
Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	0	0
Nonperforming Loans	10	15
Geographic Distribution, Domestic [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	977	1,181
Nonperforming Loans	0	0
Geographic Distribution, Foreign [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	64	73
Nonperforming Loans	$ 68	$ 70

Loans - Credit Card: Risk Profile by Geographic Region and Delinquency Status (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 209,705	$ 208,316	$ 198,528
Past due	$ 5,549	$ 6,070
30 Plus day delinquencies (as percent)	2.65%	2.91%
Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 87,203	$ 85,876
Percentage of portfolio	100.00%	100.00%
Past due	$ 2,513	$ 2,832
30 Plus day delinquencies (as percent)	2.88%	3.30%
Credit Card Portfolio Segment [Member] \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 8,891	$ 8,574
Percentage of portfolio	10.20%	10.00%
Credit Card Portfolio Segment [Member] \| New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 5,785	$ 5,610
Percentage of portfolio	6.60%	6.50%
Credit Card Portfolio Segment [Member] \| Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 5,581	$ 5,382
Percentage of portfolio	6.40%	6.30%
Credit Card Portfolio Segment [Member] \| Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 4,968	$ 4,794
Percentage of portfolio	5.70%	5.60%
Credit Card Portfolio Segment [Member] \| Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 3,733	$ 3,747
Percentage of portfolio	4.30%	4.40%
Credit Card Portfolio Segment [Member] \| Pennsylvania
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 3,430	$ 3,581
Percentage of portfolio	3.90%	4.20%
Credit Card Portfolio Segment [Member] \| Ohio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 3,050	$ 3,075
Percentage of portfolio	3.50%	3.60%
Credit Card Portfolio Segment [Member] \| New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 2,903	$ 2,868
Percentage of portfolio	3.30%	3.30%
Credit Card Portfolio Segment [Member] \| Michigan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 2,665	$ 2,681
Percentage of portfolio	3.10%	3.10%
Credit Card Portfolio Segment [Member] \| Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 37,978	$ 37,392
Percentage of portfolio	43.60%	43.50%
Credit Card Portfolio Segment [Member] \| Canada
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 4,867	$ 4,747
Percentage of portfolio	5.60%	5.50%
Credit Card Portfolio Segment [Member] \| United Kingdom
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 3,352	$ 3,425
Percentage of portfolio	3.80%	4.00%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 1,642	$ 1,805
30 Plus day delinquencies (as percent)	0.79%	0.87%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 1,079	$ 1,292
30 Plus day delinquencies (as percent)	1.24%	1.50%
Geographic Distribution, Domestic [Member] \| Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 78,984	$ 77,704
Percentage of portfolio	90.60%	90.50%
Past due	$ 2,243	$ 2,538
Geographic Distribution, Domestic [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	977	1,181
Geographic Distribution, Foreign [Member] \| Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 8,219	$ 8,172
Percentage of portfolio	9.40%	9.50%
Past due	$ 270	$ 294
Geographic Distribution, Foreign [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 102	$ 111

Loans - Credit Card: Net Charge-Offs (Detail) - Credit Card Portfolio Segment [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Net charge-offs	$ 703	$ 685	$ 1,422	$ 1,465
Percentage annualized net charge-off by average loans held for investment	3.35%	3.56%	3.42%	3.79%
Geographic Distribution, Domestic [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Net charge-offs	$ 650	$ 610	$ 1,314	$ 1,310
Percentage annualized net charge-off by average loans held for investment	3.42%	3.52%	3.49%	3.77%
Geographic Distribution, Foreign [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Net charge-offs	$ 53	$ 75	$ 108	$ 155
Percentage annualized net charge-off by average loans held for investment	2.65%	3.93%	2.73%	4.05%

Loans - Consumer Banking: Risk Profile by Geographic Region, Delinquency Status and Performing Status (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 209,705	$ 208,316	$ 198,528
Past due	5,549	6,070
Nonperforming Loans	$ 1,042	$ 809
Financing Receivable, Nonaccrual, Percent Past Due	0.50%	0.39%
30 Plus day delinquencies (as percent)	2.65%	2.91%
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 71,176	$ 71,439
Percentage of portfolio	100.00%	100.00%
Past due	$ 2,702	$ 3,024
Nonperforming Loans	$ 501	$ 549
Financing Receivable, Nonaccrual, Percent Past Due	0.70%	0.77%
30 Plus day delinquencies (as percent)	3.80%	4.23%
30 plus day delinquencies, excluding acquired loans (as percent)	5.36%	6.28%
90 plus day delinquencies, excluding acquired loans (as percent)	0.74%	0.89%
Nonperforming loans, excluding acquired loans (as percent)	1.00%	1.14%
Consumer Portfolio Segment [Member] \| Auto
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 39,991	$ 37,824
Past due	2,393	2,682
Nonperforming Loans	$ 160	$ 197
Financing Receivable, Nonaccrual, Percent Past Due	0.40%	0.52%
30 Plus day delinquencies (as percent)	5.98%	7.09%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 39,991	$ 37,824
Percentage of portfolio	56.20%	53.00%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 5,383	$ 5,248
Percentage of portfolio	7.60%	7.40%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 4,367	$ 4,081
Percentage of portfolio	6.10%	5.70%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| Louisiana
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,872	$ 1,773
Percentage of portfolio	2.60%	2.50%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,784	$ 1,676
Percentage of portfolio	2.50%	2.40%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 3,062	$ 2,737
Percentage of portfolio	4.30%	3.80%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| Georgia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 2,169	$ 2,066
Percentage of portfolio	3.10%	2.90%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| Ohio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,654	$ 1,566
Percentage of portfolio	2.30%	2.20%
Consumer Portfolio Segment [Member] \| Auto \| Geographic Concentration Risk \| Loans Receivable \| Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 19,700	$ 18,677
Percentage of portfolio	27.70%	26.10%
Consumer Portfolio Segment [Member] \| Home loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 27,595	$ 30,035
Past due	263	302
Nonperforming Loans	$ 313	$ 330
Financing Receivable, Nonaccrual, Percent Past Due	1.13%	1.10%
30 Plus day delinquencies (as percent)	0.95%	1.01%
30 plus day delinquencies, excluding acquired loans (as percent)	3.85%	4.45%
90 plus day delinquencies, excluding acquired loans (as percent)	2.81%	3.21%
Nonperforming loans, excluding acquired loans (as percent)	4.59%	4.86%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 27,595	$ 30,035
Percentage of portfolio	38.80%	42.00%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 6,412	$ 6,943
Percentage of portfolio	9.00%	9.70%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 2,313	$ 2,452
Percentage of portfolio	3.20%	3.40%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,697	$ 1,873
Percentage of portfolio	2.40%	2.60%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| Maryland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,624	$ 1,720
Percentage of portfolio	2.30%	2.40%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,405	$ 1,529
Percentage of portfolio	2.00%	2.10%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| Virginia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,452	$ 1,538
Percentage of portfolio	2.00%	2.20%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,253	$ 1,375
Percentage of portfolio	1.80%	1.90%
Consumer Portfolio Segment [Member] \| Home loan \| Geographic Concentration Risk \| Loans Receivable \| Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 11,439	$ 12,605
Percentage of portfolio	16.10%	17.70%
Consumer Portfolio Segment [Member] \| Retail banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 3,590	$ 3,580
Past due	46	40
Nonperforming Loans	$ 28	$ 22
Financing Receivable, Nonaccrual, Percent Past Due	0.79%	0.61%
30 Plus day delinquencies (as percent)	1.28%	1.11%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 3,590	$ 3,580
Percentage of portfolio	5.00%	5.00%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 752	$ 756
Percentage of portfolio	1.00%	1.10%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 49	$ 52
Percentage of portfolio	0.10%	0.10%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| Louisiana
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,128	$ 1,120
Percentage of portfolio	1.60%	1.50%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 891	$ 881
Percentage of portfolio	1.20%	1.20%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| Maryland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 170	$ 167
Percentage of portfolio	0.20%	0.20%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 255	$ 265
Percentage of portfolio	0.40%	0.40%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| Virginia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 142	$ 132
Percentage of portfolio	0.20%	0.20%
Consumer Portfolio Segment [Member] \| Retail banking \| Geographic Concentration Risk \| Loans Receivable \| Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 203	$ 207
Percentage of portfolio	0.30%	0.30%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 1,642	$ 1,805
30 Plus day delinquencies (as percent)	0.79%	0.87%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 371	$ 431
30 Plus day delinquencies (as percent)	0.52%	0.60%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Auto
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 160	$ 197
30 Plus day delinquencies (as percent)	0.40%	0.52%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Home loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 191	$ 218
30 Plus day delinquencies (as percent)	0.69%	0.73%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Retail banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 20	$ 16
30 Plus day delinquencies (as percent)	0.55%	0.44%

Loans - Consumer Banking: Net Charge-Offs (Detail) - Consumer Portfolio Segment [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Net charge-offs	$ 136	$ 122	$ 295	$ 270
Percentage annualized net charge-off by average loans held for investment	0.76%	0.69%	0.83%	0.76%
Percentage annualized net charge-off by average loans held for investment, excluding loans acquired (as percent)	1.09%	1.09%	1.19%	1.23%
Auto
Financing Receivable, Allowance for Credit Losses [Line Items]
Net charge-offs	$ 121	$ 111	$ 269	$ 245
Percentage annualized net charge-off by average loans held for investment	1.22%	1.31%	1.38%	1.48%
Home loan
Financing Receivable, Allowance for Credit Losses [Line Items]
Net charge-offs	$ 3	$ 5	$ 5	$ 10
Percentage annualized net charge-off by average loans held for investment	0.04%	0.05%	0.03%	0.06%
Percentage annualized net charge-off by average loans held for investment, excluding loans acquired (as percent)	0.16%	0.25%	0.13%	0.27%
Retail banking
Financing Receivable, Allowance for Credit Losses [Line Items]
Net charge-offs	$ 12	$ 6	$ 21	$ 15
Percentage annualized net charge-off by average loans held for investment	1.39%	0.70%	1.18%	0.82%

Loans - Impaired Loans, Excluding Acquired Loans (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Impaired Financing Receivable:
With an Allowance	$ 1,588		$ 1,588		$ 1,469
Without an Allowance	637		637		445
Total Recorded Investment	2,225		2,225		1,914
Related Allowance	325		325		300
Net Recorded Investment	1,900		1,900		1,614
Unpaid Principal Balance	2,615		2,615		2,296
Average Recorded Investment	2,057	$ 1,985	2,009	$ 1,973
Interest Income Recognized	41	39	81	79
Credit Card Portfolio Segment [Member]
Impaired Financing Receivable:
With an Allowance	670		670		692
Without an Allowance	0		0		0
Total Recorded Investment	670		670		692
Related Allowance	206		206		219
Net Recorded Investment	464		464		473
Unpaid Principal Balance	650		650		672
Average Recorded Investment	671	738	678	752
Interest Income Recognized	17	18	33	36
Consumer Portfolio Segment [Member]
Impaired Financing Receivable:
With an Allowance	520		520		493
Without an Allowance	361		361		359
Total Recorded Investment	881		881		852
Related Allowance	47		47		42
Net Recorded Investment	834		834		810
Unpaid Principal Balance	1,251		1,251		1,218
Average Recorded Investment	877	858	869	852
Interest Income Recognized	22	19	44	38
Consumer Portfolio Segment [Member] \| Auto
Impaired Financing Receivable:
With an Allowance	254		254		230
Without an Allowance	207		207		205
Total Recorded Investment	461		461		435
Related Allowance	21		21		19
Net Recorded Investment	440		440		416
Unpaid Principal Balance	732		732		694
Average Recorded Investment	457	373	450	367
Interest Income Recognized	20	17	41	34
Consumer Portfolio Segment [Member] \| Home loan
Impaired Financing Receivable:
With an Allowance	215		215		218
Without an Allowance	148		148		149
Total Recorded Investment	363		363		367
Related Allowance	15		15		17
Net Recorded Investment	348		348		350
Unpaid Principal Balance	460		460		472
Average Recorded Investment	364	408	365	404
Interest Income Recognized	1	2	2	3
Consumer Portfolio Segment [Member] \| Retail banking
Impaired Financing Receivable:
With an Allowance	51		51		45
Without an Allowance	6		6		5
Total Recorded Investment	57		57		50
Related Allowance	11		11		6
Net Recorded Investment	46		46		44
Unpaid Principal Balance	59		59		52
Average Recorded Investment	56	77	54	81
Interest Income Recognized	1	0	1	1
Commercial Banking
Impaired Financing Receivable:
With an Allowance	398		398		284
Without an Allowance	276		276		86
Total Recorded Investment	674		674		370
Related Allowance	72		72		39
Net Recorded Investment	602		602		331
Unpaid Principal Balance	714		714		406
Average Recorded Investment	509	389	462	369
Interest Income Recognized	2	2	4	5
Commercial Banking \| Total commercial lending
Impaired Financing Receivable:
With an Allowance	394		394		281
Without an Allowance	276		276		81
Total Recorded Investment	670		670		362
Related Allowance	72		72		39
Net Recorded Investment	598		598		323
Unpaid Principal Balance	710		710		396
Average Recorded Investment	501	378	454	360
Interest Income Recognized	2	2	4	5
Commercial Banking \| Commercial and multifamily real estate
Impaired Financing Receivable:
With an Allowance	95		95		120
Without an Allowance	11		11		26
Total Recorded Investment	106		106		146
Related Allowance	19		19		23
Net Recorded Investment	87		87		123
Unpaid Principal Balance	118		118		163
Average Recorded Investment	113	200	124	180
Interest Income Recognized	1	1	2	3
Commercial Banking \| Commercial and industrial
Impaired Financing Receivable:
With an Allowance	299		299		161
Without an Allowance	265		265		55
Total Recorded Investment	564		564		216
Related Allowance	53		53		16
Net Recorded Investment	511		511		200
Unpaid Principal Balance	592		592		233
Average Recorded Investment	388	178	330	180
Interest Income Recognized	1	1	2	2
Commercial Banking \| Small-ticket commercial real estate
Impaired Financing Receivable:
With an Allowance	4		4		3
Without an Allowance	0		0		5
Total Recorded Investment	4		4		8
Related Allowance	0		0		0
Net Recorded Investment	4		4		8
Unpaid Principal Balance	4		4		10
Average Recorded Investment	8	11	8	9
Interest Income Recognized	0	0	0	0
Geographic Distribution, Foreign [Member] \| Credit Card Portfolio Segment [Member]
Impaired Financing Receivable:
With an Allowance	138		138		146
Without an Allowance	0		0		0
Total Recorded Investment	138		138		146
Related Allowance	67		67		74
Net Recorded Investment	71		71		72
Unpaid Principal Balance	133		133		141
Average Recorded Investment	136	165	139	167
Interest Income Recognized	3	3	5	6
Geographic Distribution, Domestic [Member] \| Credit Card Portfolio Segment [Member]
Impaired Financing Receivable:
With an Allowance	532		532		546
Without an Allowance	0		0		0
Total Recorded Investment	532		532		546
Related Allowance	139		139		145
Net Recorded Investment	393		393		401
Unpaid Principal Balance	517		517		$ 531
Average Recorded Investment	535	573	539	585
Interest Income Recognized	$ 14	$ 15	$ 28	$ 30

Loans - TDR Disclosures in Progress Financial Impact of Modification (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 225	$ 201	$ 453	$ 465
Commercial Banking
Financing Receivable, Modifications [Line Items]
Total Loans Modified	31	17	55	80
Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
Total Loans Modified	30	16	54	79
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
Total Loans Modified	0	4	3	66
Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
Total Loans Modified	30	12	51	13
Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
Total Loans Modified	1	1	1	1
Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Total Loans Modified	98	102	202	212
Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Total Loans Modified	96	82	196	173
Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Modifications [Line Items]
Total Loans Modified	81	69	169	146
Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Modifications [Line Items]
Total Loans Modified	10	11	17	19
Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 5	$ 2	$ 10	$ 8
Reduced Interest Rate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	60.00%	64.00%	62.00%	63.00%
Average Rate Reduction	12.98%	13.73%	12.55%	12.55%
Reduced Interest Rate \| Commercial Banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	26.00%
Average Rate Reduction	1.14%	0.00%	1.50%	1.08%
Reduced Interest Rate \| Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	26.00%
Average Rate Reduction	1.14%	0.00%	1.50%	1.10%
Reduced Interest Rate \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	31.00%
Average Rate Reduction	0.00%	0.00%	0.00%	1.28%
Reduced Interest Rate \| Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Average Rate Reduction	1.14%	0.00%	1.50%	0.00%
Reduced Interest Rate \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Average Rate Reduction	0.00%	0.00%	0.00%	0.00%
Reduced Interest Rate \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	100.00%	100.00%	100.00%
Average Rate Reduction	16.25%	16.83%	16.32%	16.83%
Reduced Interest Rate \| Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	37.00%	32.00%	41.00%	34.00%
Average Rate Reduction	4.03%	1.62%	3.05%	1.16%
Reduced Interest Rate \| Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Modifications [Line Items]
% of TDR Activity	40.00%	32.00%	41.00%	36.00%
Average Rate Reduction	4.11%	1.45%	2.82%	1.02%
Reduced Interest Rate \| Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Modifications [Line Items]
% of TDR Activity	37.00%	38.00%	50.00%	30.00%
Average Rate Reduction	3.17%	2.32%	2.98%	2.04%
Reduced Interest Rate \| Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	3.00%	5.00%	31.00%	7.00%
Average Rate Reduction	6.93%	7.57%	8.09%	5.07%
Term Extension
Financing Receivable, Modifications [Line Items]
% of TDR Activity	42.00%	26.00%	37.00%	37.00%
Average Term Extension (Months)	17 months	20 months	19 months	14 months
Term Extension \| Commercial Banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	97.00%	39.00%	60.00%	87.00%
Average Term Extension (Months)	4 months	11 months	7 months	9 months
Term Extension \| Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
% of TDR Activity	98.00%	42.00%	61.00%	88.00%
Average Term Extension (Months)	4 months	11 months	7 months	9 months
Term Extension \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	97.00%	94.00%
Average Term Extension (Months)	0 months	0 months	34 months	8 months
Term Extension \| Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
% of TDR Activity	98.00%	57.00%	59.00%	58.00%
Average Term Extension (Months)	4 months	11 months	5 months	11 months
Term Extension \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months	0 months	0 months
Term Extension \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months	0 months	0 months
Term Extension \| Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	67.00%	56.00%	70.00%	60.00%
Average Term Extension (Months)	23 months	22 months	22 months	18 months
Term Extension \| Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Modifications [Line Items]
% of TDR Activity	68.00%	58.00%	69.00%	63.00%
Average Term Extension (Months)	7 months	9 months	8 months	9 months
Term Extension \| Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Modifications [Line Items]
% of TDR Activity	60.00%	33.00%	62.00%	32.00%
Average Term Extension (Months)	188 months	164 months	181 months	153 months
Term Extension \| Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	76.00%	95.00%	83.00%	71.00%
Average Term Extension (Months)	7 months	10 months	6 months	7 months
Balance Reduction
Financing Receivable, Modifications [Line Items]
% of TDR Activity	12.00%	16.00%	12.00%	13.00%
Gross Balance Reduction	$ 23	$ 27	$ 46	$ 50
Balance Reduction \| Commercial Banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	24.00%	4.00%	5.00%
Gross Balance Reduction	$ 0	$ 2	$ 1	$ 2
Balance Reduction \| Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	26.00%	4.00%	5.00%
Gross Balance Reduction	$ 0	$ 2	$ 1	$ 2
Balance Reduction \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	100.00%	78.00%	6.00%
Gross Balance Reduction	$ 0	$ 2	$ 1	$ 2
Balance Reduction \| Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Gross Balance Reduction	$ 0	$ 0	$ 0	$ 0
Balance Reduction \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Gross Balance Reduction	$ 0	$ 0	$ 0	$ 0
Balance Reduction \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Gross Balance Reduction	$ 0	$ 0	$ 0	$ 0
Balance Reduction \| Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	29.00%	34.00%	27.00%	31.00%
Gross Balance Reduction	$ 23	$ 25	$ 45	$ 48
Balance Reduction \| Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Modifications [Line Items]
% of TDR Activity	31.00%	41.00%	30.00%	36.00%
Gross Balance Reduction	$ 23	$ 25	$ 45	$ 47
Balance Reduction \| Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Modifications [Line Items]
% of TDR Activity	23.00%	4.00%	13.00%	8.00%
Gross Balance Reduction	$ 0	$ 0	$ 0	$ 1
Balance Reduction \| Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Gross Balance Reduction	$ 0	$ 0	$ 0	$ 0
Geographic Distribution, Domestic [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 68	$ 64	$ 140	$ 131
Geographic Distribution, Domestic [Member] \| Reduced Interest Rate \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	100.00%	100.00%	100.00%
Average Rate Reduction	12.03%	11.54%	12.08%	11.52%
Geographic Distribution, Domestic [Member] \| Term Extension \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months	0 months	0 months
Geographic Distribution, Domestic [Member] \| Balance Reduction \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Gross Balance Reduction	$ 0	$ 0	$ 0	$ 0
Geographic Distribution, Foreign [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 30	$ 38	$ 62	$ 81
Geographic Distribution, Foreign [Member] \| Reduced Interest Rate \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	100.00%	100.00%	100.00%
Average Rate Reduction	25.95%	25.46%	25.86%	25.33%
Geographic Distribution, Foreign [Member] \| Term Extension \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months	0 months	0 months
Geographic Distribution, Foreign [Member] \| Balance Reduction \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%	0.00%	0.00%
Gross Balance Reduction	$ 0	$ 0	$ 0	$ 0
Performing
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	1,665		1,665		$ 1,652
Performing \| Commercial Banking
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	211		211		194
Performing \| Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 1,000		$ 1,000		$ 1,000

Loans - TDR - Subsequent Defaults of Completed TDR Modifications (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015 USD ($) Contract	Jun. 30, 2014 USD ($) Contract	Jun. 30, 2015 USD ($) Contract	Jun. 30, 2014 USD ($) Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	20,422	21,116	40,399	44,061
Total Loans \| $	$ 80	$ 67	$ 137	$ 143
Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	18,285	19,442	36,500	41,024
Total Loans \| $	$ 39	$ 45	$ 75	$ 91
Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	2,134	1,670	3,896	3,023
Total Loans \| $	$ 24	$ 20	$ 45	$ 42
Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	2,128	1,651	3,875	2,973
Total Loans \| $	$ 24	$ 18	$ 44	$ 31
Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	2	4	7	10
Total Loans \| $	$ 0	$ 0	$ 0	$ 2
Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	4	15	14	40
Total Loans \| $	$ 0	$ 2	$ 1	$ 9
Commercial Banking
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	3	4	3	14
Total Loans \| $	$ 17	$ 2	$ 17	$ 10
Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	3	2	3	6
Total Loans \| $	$ 17	$ 1	$ 17	$ 7
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	0	1	0	4
Total Loans \| $	$ 0	$ 0	$ 0	$ 6
Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	3	1	3	2
Total Loans \| $	$ 17	$ 1	$ 17	$ 1
Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	0	2	0	8
Total Loans \| $	$ 0	$ 1	$ 0	$ 3
Geographic Distribution, Domestic [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	9,661	9,559	19,328	20,620
Total Loans \| $	$ 16	$ 15	$ 32	$ 31
Geographic Distribution, Foreign [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	8,624	9,883	17,172	20,404
Total Loans \| $	$ 23	$ 30	$ 43	$ 60

Loans - Outstanding Balance and Carrying Value of Acquired Loans (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Outstanding balance	$ 22,604		$ 25,201
Carrying value(1)	20,974		23,519
Impaired Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Outstanding balance	4,006		4,279
Carrying value(1)	2,699		2,882
Non-Impaired Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Outstanding balance	18,598		20,922
Carrying value(1)	18,275		20,637
Receivables Acquired with Deteriorated Credit Quality [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Financing Receivable, Allowance for Credit Losses	34		$ 27
Provision for credit losses for Acquired Loans	$ 7	$ (6)

Loans - Changes in Accretable Yield on Acquired Loans (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning balance	$ 4,561	$ 4,653
Accretion recognized in earnings	(208)	(445)
Reclassifications from (to) nonaccretable difference for loans with changing cash flows(1)	(1)	34
Changes in accretable yield for non-credit related changes in expected cash flows(2)	(355)	(245)
Accretable yield, ending balance	3,997	3,997
Impaired Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning balance	1,527	1,485
Accretion recognized in earnings	(70)	(157)
Reclassifications from (to) nonaccretable difference for loans with changing cash flows(1)	0	45
Changes in accretable yield for non-credit related changes in expected cash flows(2)	(45)	39
Accretable yield, ending balance	1,412	1,412
Non-Impaired Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning balance	3,034	3,168
Accretion recognized in earnings	(138)	(288)
Reclassifications from (to) nonaccretable difference for loans with changing cash flows(1)	(1)	(11)
Changes in accretable yield for non-credit related changes in expected cash flows(2)	(310)	(284)
Accretable yield, ending balance	$ 2,585	$ 2,585

Allowance for Loan and Lease Losses - Summary of Changes in Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period			$ 4,383
Balance at end of the period	$ 4,676		4,676
Total Allowance
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	4,405	$ 4,098	4,383	$ 4,315
Provision for credit losses	1,115	701	2,042	1,424
Charge-offs	(1,226)	(1,212)	(2,510)	(2,547)
Recoveries	380	400	783	804
Net charge-offs	(846)	(812)	(1,727)	(1,743)
Other changes	2	11	(22)	2
Balance at end of the period	4,676	3,998	4,676	3,998
Unfunded Lending Commitments Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	121	99	113	87
Provision for credit losses	14	3	22	15
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs	0	0	0	0
Other changes	0	0	0	0
Balance at end of the period	135	102	135	102
Combined Allowance & Unfunded Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	4,526	4,197	4,496	4,402
Provision for credit losses	1,129	704	2,064	1,439
Charge-offs	(1,226)	(1,212)	(2,510)	(2,547)
Recoveries	380	400	783	804
Net charge-offs	(846)	(812)	(1,727)	(1,743)
Other changes	2	11	(22)	2
Balance at end of the period	4,811	4,100	4,811	4,100
Credit Card Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	3,130	2,984	3,204	3,214
Provision for credit losses	895	549	1,564	1,107
Charge-offs	(988)	(995)	(2,010)	(2,090)
Recoveries	285	310	588	625
Net charge-offs	(703)	(685)	(1,422)	(1,465)
Other changes	2	10	(22)	2
Balance at end of the period	3,324	2,858	3,324	2,858
Consumer Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	826	744	779	752
Provision for credit losses	185	143	391	283
Charge-offs	(225)	(205)	(475)	(436)
Recoveries	89	83	180	166
Net charge-offs	(136)	(122)	(295)	(270)
Other changes	0	0	0	0
Balance at end of the period	875	765	875	765
Consumer Portfolio Segment [Member] \| Auto
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	697	608	661	606
Provision for credit losses	168	145	352	281
Charge-offs	(203)	(183)	(436)	(388)
Recoveries	82	72	167	143
Net charge-offs	(121)	(111)	(269)	(245)
Other changes	0	0	0	0
Balance at end of the period	744	642	744	642
Consumer Portfolio Segment [Member] \| Home loan
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	68	72	62	83
Provision for credit losses	0	0	8	(6)
Charge-offs	(5)	(8)	(9)	(19)
Recoveries	2	3	4	9
Net charge-offs	(3)	(5)	(5)	(10)
Other changes	0	0	0	0
Balance at end of the period	65	67	65	67
Consumer Portfolio Segment [Member] \| Retail banking
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	61	64	56	63
Provision for credit losses	17	(2)	31	8
Charge-offs	(17)	(14)	(30)	(29)
Recoveries	5	8	9	14
Net charge-offs	(12)	(6)	(21)	(15)
Other changes	0	0	0	0
Balance at end of the period	66	56	66	56
Commercial Banking
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	444	362	395	338
Provision for credit losses	35	9	87	37
Charge-offs	(11)	(8)	(20)	(15)
Recoveries	4	5	10	8
Net charge-offs	(7)	(3)	(10)	(7)
Other changes	0	0	0	0
Balance at end of the period	472	368	472	368
Other
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	5	8	5	11
Provision for credit losses	0	0	0	(3)
Charge-offs	(2)	(4)	(5)	(6)
Recoveries	2	2	5	5
Net charge-offs	0	(2)	0	(1)
Other changes	0	1	0	0
Balance at end of the period	$ 5	$ 7	$ 5	$ 7

Allowance for Loan and Lease Losses - Components of Allowance for Loan and Lease Losses by Impairment Methodology (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	$ 4,317		$ 4,056
Asset-specific	325		300
Total allowance for loan and lease losses	$ 4,676		$ 4,383
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	2.23%		2.10%
Collectively evaluated	$ 186,717		$ 183,107
Asset-specific	2,018		1,709
Loans held for investment	209,705		208,316	$ 198,528
Credit Card Portfolio Segment [Member]
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	3,118		2,985
Asset-specific	206		219
Total allowance for loan and lease losses	$ 3,324	$ 3,130	$ 3,204	2,858	$ 2,984	$ 3,214
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	3.81%		3.73%
Collectively evaluated	$ 86,533		$ 85,161
Asset-specific	670		692
Loans held for investment	87,203		85,876
Consumer Portfolio Segment [Member]
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	795		710
Asset-specific	47		42
Total allowance for loan and lease losses	$ 875	826	$ 779	765	744	752
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	1.23%		1.09%
Collectively evaluated	$ 49,686		$ 47,507
Asset-specific	674		647
Loans held for investment	71,176		71,439
Consumer Portfolio Segment [Member] \| Auto
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	723		642
Asset-specific	21		19
Total allowance for loan and lease losses	$ 744	697	$ 661	642	608	606
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	1.86%		1.75%
Collectively evaluated	$ 39,737		$ 37,594
Asset-specific	254		230
Loans held for investment	39,991		37,824
Consumer Portfolio Segment [Member] \| Home loan
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	17		18
Asset-specific	15		17
Total allowance for loan and lease losses	$ 65	68	$ 62	67	72	83
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	0.24%		0.21%
Collectively evaluated	$ 6,453		$ 6,427
Asset-specific	363		367
Loans held for investment	27,595		30,035
Consumer Portfolio Segment [Member] \| Retail banking
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	55		50
Asset-specific	11		6
Total allowance for loan and lease losses	$ 66	61	$ 56	56	64	63
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	1.86%		1.58%
Collectively evaluated	$ 3,496		$ 3,486
Asset-specific	57		50
Loans held for investment	3,590		3,580
Commercial Banking
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	399		356
Asset-specific	72		39
Total allowance for loan and lease losses	$ 472	444	$ 395	368	362	338
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	0.92%		0.78%
Collectively evaluated	$ 50,403		$ 50,328
Asset-specific	674		370
Loans held for investment	51,231		50,890
Other
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	5		5
Asset-specific	0		0
Total allowance for loan and lease losses	$ 5	$ 5	$ 5	$ 7	$ 8	$ 11
Loans held for investment by impairment methodology:
Allowance as a percentage of period-end loans held for investment	5.13%		4.68%
Collectively evaluated	$ 95		$ 111
Asset-specific	0		0
Loans held for investment	95		111
Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	34		27
Loans held for investment by impairment methodology:
Loans held for investment	20,970		23,500
Receivables Acquired with Deteriorated Credit Quality [Member] \| Credit Card Portfolio Segment [Member]
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	0		0
Loans held for investment by impairment methodology:
Loans held for investment	0		23
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member]
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	33		27
Loans held for investment by impairment methodology:
Loans held for investment	20,816		23,285
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member] \| Auto
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	0		0
Loans held for investment by impairment methodology:
Loans held for investment	0		0
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member] \| Home loan
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	33		27
Loans held for investment by impairment methodology:
Loans held for investment	20,779		23,241
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member] \| Retail banking
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	0		0
Loans held for investment by impairment methodology:
Loans held for investment	37		44
Receivables Acquired with Deteriorated Credit Quality [Member] \| Commercial Banking
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	1		0
Loans held for investment by impairment methodology:
Loans held for investment	154		192
Receivables Acquired with Deteriorated Credit Quality [Member] \| Other
Allowance for loan and lease losses by impairment methodology:
Financing Receivable, Allowance for Credit Losses	0		0
Loans held for investment by impairment methodology:
Loans held for investment	$ 0		$ 0

Allowance for Loan and Lease Losses Allowance for Loan and Lease Losses - Loss Sharing Arrangements (Details) - Loss Sharing Agreement [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Reduction in Charge-offs due to loss sharing agreements	$ 45	$ 39	$ 89	$ 81
Reduction in provision for loan and lease losses	62	$ 46	119	$ 81
Expected reimbursement netted in allowance for loan losses	$ 173		$ 173		$ 143

Variable Interest Entities and Securitizations - Carrying Amount of Assets and Liabilities of Variable Interest Entities (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	$ 34,936	$ 37,157
Carrying Amount of Liabilities, Consolidated	14,600	12,449
Carrying Amount of Assets, Unconsolidated	3,918	3,796
Carrying Amount of Liabilities, Unconsolidated	530	519
Maximum exposure to loss	4,584	4,451
Affordable housing entities
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	0	0
Carrying Amount of Liabilities, Consolidated	0	0
Carrying Amount of Assets, Unconsolidated	3,600	3,500
Carrying Amount of Liabilities, Unconsolidated	501	488
Maximum exposure to loss	3,600	3,500
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	385	374
Carrying Amount of Liabilities, Consolidated	100	99
Carrying Amount of Assets, Unconsolidated	0	1
Carrying Amount of Liabilities, Unconsolidated	0	0
Maximum exposure to loss	0	1
Other
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	0	4
Carrying Amount of Liabilities, Consolidated	0	0
Carrying Amount of Assets, Unconsolidated	65	74
Carrying Amount of Liabilities, Unconsolidated	0	0
Maximum exposure to loss	65	74
Total Other VIEs
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	385	378
Carrying Amount of Liabilities, Consolidated	100	99
Carrying Amount of Assets, Unconsolidated	3,698	3,575
Carrying Amount of Liabilities, Unconsolidated	501	488
Maximum exposure to loss	3,698	3,575
Credit card loan securitizations
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	34,551	36,779
Carrying Amount of Liabilities, Consolidated	14,500	12,350
Carrying Amount of Assets, Unconsolidated	0	0
Carrying Amount of Liabilities, Unconsolidated	0	0
Maximum exposure to loss	0	0
Home loan
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	0	0
Carrying Amount of Liabilities, Consolidated	0	0
Carrying Amount of Assets, Unconsolidated	220	221
Carrying Amount of Liabilities, Unconsolidated	29	31
Maximum exposure to loss	886	876
Total securitization-related VIEs
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	34,551	36,779
Carrying Amount of Liabilities, Consolidated	14,500	12,350
Carrying Amount of Assets, Unconsolidated	220	221
Carrying Amount of Liabilities, Unconsolidated	29	31
Maximum exposure to loss	$ 886	$ 876

Variable Interest Entities and Securitizations - External Debt and Receivable Balances of Securitization Programs (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity, Primary Beneficiary
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, non-mortgage	$ 13,785	$ 11,624
Receivables in the trust, non-mortgage	34,298	36,545
Cash balance of spread or reserve accounts, non-mortgage	0	0
Variable Interest Entity, Not Primary Beneficiary \| Option- ARM
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, mortgage	1,888	2,026
Receivables in the trust, mortgage	1,952	2,094
Cash balance of spread or reserve accounts, mortgage	8	8
Variable Interest Entity, Not Primary Beneficiary \| GreenPoint HELOCs
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, mortgage	85	95
Receivables in the trust, mortgage	80	89
Variable Interest Entity, Not Primary Beneficiary \| GreenPoint Manufactured Housing
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, mortgage	836	887
Receivables in the trust, mortgage	842	893
Cash balance of spread or reserve accounts, mortgage	$ 139	$ 143

Variable Interest Entities and Securitizations - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Variable Interest Entity [Line Items]
Funded HELOCs advances	$ 30		$ 30
Unfunded commitment on residual interests on trusts	6		6
Maximum exposure to loss	4,584		4,451
Amortization Method Qualified Affordable Housing Project Investments, Amortization	172	$ 144
Affordable Housing Tax Credits And Other Tax Benefits, Amount	191	$ 178
Amortization Method Qualified Affordable Housing Project Investments	3,300		3,200
Qualified Affordable Housing Project Investments, Commitment	1,300
Carrying amounts of assets, unconsolidated	3,918		3,796
VIEs consolidated assets	34,936		37,157
Affordable housing entities
Variable Interest Entity [Line Items]
Maximum exposure to loss	3,600		3,500
Carrying amounts of assets, unconsolidated	3,600		3,500
Total assets of the unconsolidated VIE investment funds	10,800		10,200
VIEs consolidated assets	0		0
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
Maximum exposure to loss	0		1
Carrying amounts of assets, unconsolidated	0		1
VIEs consolidated assets	385		374
Other
Variable Interest Entity [Line Items]
Maximum exposure to loss	65		74
Carrying amounts of assets, unconsolidated	65		74
VIEs consolidated assets	0		4
Other VIE assets held in trust	139		159
Variable Interest Entity, Not Primary Beneficiary \| Option- ARM
Variable Interest Entity [Line Items]
Securities held by third-party investors, mortgage	1,888		2,026
Unpaid principal balance of securitization trusts	1,952		2,094
Variable Interest Entity, Not Primary Beneficiary \| GreenPoint HELOCs
Variable Interest Entity [Line Items]
Securities held by third-party investors, mortgage	85		95
Unpaid principal balance of securitization trusts	80		89
Variable Interest Entity, Not Primary Beneficiary \| GreenPoint Manufactured Housing
Variable Interest Entity [Line Items]
Securities held by third-party investors, mortgage	836		887
Unpaid principal balance of securitization trusts	842		$ 893
Maximum exposure to loss	$ 420
Minimum [Member]
Variable Interest Entity [Line Items]
Affordable Housing Tax Credits Commitment, Year to be Paid	2015
Maximum [Member]
Variable Interest Entity [Line Items]
Affordable Housing Tax Credits Commitment, Year to be Paid	2018

Goodwill and Other Intangible Assets - Components (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Schedule of Intangible Assets by Major Class [Line Items]
Goodwill	$ 13,984		$ 13,984		$ 13,978
Goodwill, Gross	13,984		13,984		13,978
Total Intangible Assets, Gross (Excluding Goodwill)	4,166		4,166		4,195
Accumulated Amortization	(3,056)		(3,056)		(2,879)
Total Intangible assets, Net (Excluding Goodwill)	1,110		1,110		1,316
Total goodwill and other intangible assets, Net Carrying Value	15,094		15,094		15,294
Intangible Assets Gross Including Goodwill	18,150		18,150		18,173
Consumer MSRs	65		65		53
Commercial MSRs, Gross	195		195		171
Commercial MSR, Accumulated Amortization	(36)		(36)		(24)
Commercial MSRs, Net	159		159		147
Total MSRs, Gross	260		260		224
Total MSRs, Net	224		224		200
Indefinite lived assets	4		4		4
Amortization of Intangibles	111	$ 136	221	$ 279
PCCR intangibles
Schedule of Intangible Assets by Major Class [Line Items]
Total Intangible Assets, Gross (Excluding Goodwill)	2,156		2,156		2,124
Accumulated Amortization	(1,315)		(1,315)		(1,152)
Total Intangible assets, Net (Excluding Goodwill)	841		841		972
Amortization of Intangibles	80	94	164	192
Core deposit intangibles
Schedule of Intangible Assets by Major Class [Line Items]
Total Intangible Assets, Gross (Excluding Goodwill)	1,771		1,771		1,771
Accumulated Amortization	(1,620)		(1,620)		(1,569)
Total Intangible assets, Net (Excluding Goodwill)	151		151		202
Amortization of Intangibles	25	$ 33	51	$ 69
Other Intangible Assets [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Total Intangible Assets, Gross (Excluding Goodwill)	239		239		300
Accumulated Amortization	(121)		(121)		(158)
Total Intangible assets, Net (Excluding Goodwill)	$ 118		$ 118		$ 142

Goodwill and Other Intangible Assets - Goodwill Attributable to Each Business Segments (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015 USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 13,978
Acquisitions	5
Other adjustments	1
Goodwill, Ending Balance	13,984
Credit Card
Goodwill [Roll Forward]
Goodwill, Beginning Balance	5,001
Acquisitions	0
Other adjustments	1
Goodwill, Ending Balance	5,002
Consumer Banking
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,593
Acquisitions	5
Other adjustments	0
Goodwill, Ending Balance	4,598
Commercial Banking
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,384
Acquisitions	0
Other adjustments	0
Goodwill, Ending Balance	$ 4,384

Deposits and Borrowings - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Deposits And Borrowings [Line Items]
Securitized debt obligations	$ 13,785	$ 11,624
Issuance of securitized debt obligations	2,300
Maturities of secured debt	175
Senior and subordinated notes	19,987	18,684
Fair value hedging losses	103	179
Advances from Federal Home Loan Banks	10,100	17,300
Repayments of Unsecured Debt	1,600
Other Assets
Deposits And Borrowings [Line Items]
Investment in FHLB stock	1,600	$ 2,000
Senior notes \| Total unsecured senior debt
Deposits And Borrowings [Line Items]
Proceeds from issuance of unsecured debt	3,000
Senior notes \| Floating unsecured senior debt
Deposits And Borrowings [Line Items]
Proceeds from issuance of unsecured debt	400
Senior notes \| Fixed unsecured senior debt
Deposits And Borrowings [Line Items]
Proceeds from issuance of unsecured debt	$ 2,600

Deposits and Borrowings - Deposits and Short-term Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Deposits:
Non-interest bearing deposits	$ 25,123	$ 25,081
Interest-bearing deposits	183,657	180,467
Total deposits	208,780	205,548	$ 205,890
Short-term Debt [Line Items]
Short-term borrowings	1,888	17,080
Federal funds purchased and securities loaned or sold under agreements to repurchase
Short-term Debt [Line Items]
Short-term borrowings	1,888	880
FHLB advances
Short-term Debt [Line Items]
Short-term borrowings	$ 0	$ 16,200

Deposits and Borrowings - Long-Term Debt (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt	$ 43,878	$ 31,377
Borrowings	$ 45,766	48,457
Securitized debt obligations
Debt Instrument [Line Items]
Interest rate, minimum	0.23%
Interest rate, maximum	5.75%
Weighted average interest rate	1.37%
Long-term debt	$ 13,785	11,624
Total senior and subordinated notes
Debt Instrument [Line Items]
Long-term debt	$ 19,987	18,684
Senior notes \| Total unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	2.54%
Long-term debt	$ 17,377	16,054
Senior notes \| Fixed unsecured senior debt
Debt Instrument [Line Items]
Interest rate, minimum	1.00%
Interest rate, maximum	6.75%
Weighted average interest rate	2.67%
Long-term debt	$ 16,097	15,174
Senior notes \| Floating unsecured senior debt
Debt Instrument [Line Items]
Interest rate, minimum	0.73%
Interest rate, maximum	0.96%
Weighted average interest rate	0.86%
Long-term debt	$ 1,280	880
Subordinated notes \| Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Interest rate, minimum	3.38%
Interest rate, maximum	8.80%
Weighted average interest rate	4.97%
Long-term debt	$ 2,610	2,630
FHLB advances
Debt Instrument [Line Items]
Interest rate, minimum	0.25%
Interest rate, maximum	6.88%
Weighted average interest rate	0.28%
Long-term debt	$ 10,106	$ 1,069

Deposits and Borrowings - Schedule of Components of Interest Expense on Short-Term Borrowings and Long-Term Debt (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$ 1	$ 1	$ 1	$ 1
FHLB advances	1	3	9	9
Total short-term borrowings	2	4	10	10
Long-term debt:
Securitized debt obligations	36	39	69	77
Senior and subordinated notes	80	78	159	155
Other long-term borrowings	10	4	17	10
Total long-term debt	126	121	245	242
Total interest expense	$ 128	$ 125	$ 255	$ 252

Derivative Instruments and Hedging Activities - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative, Collateral, Right to Reclaim Cash	$ 271	$ 87
Additional collateral, variation margin (less than $1 million both periods)		1
Additional collateral, independent margin	58	65
Derivative net liability position (less than $1 million at Dec 31, 2014)	3	1
Cash collateral from derivatives counterparties	571	695
Securities received from derivatives counterparties, ability to re-pledge	16	91
Cumulative counterparty credit risk valuation adjustment	4	5
Cumulative credit risk valuation adjustment related to our credit quality	1	$ 1
Gain (net after-tax) recorded in AOCI related to derivatives designated as cash flow hedges expected to be reclassified to earnings over the next 12 months	$ 166
Maximum length of time over which forecasted transactions were hedged, years	5 years

Derivative Instruments and Hedging Activities - Notional and Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	$ 95,017	$ 88,645
Derivative Assets, Gross Amount	1,357	1,452
Derivative Liabilities, Gross Amount	585	339
Derivative Asset, Netting Adjustment	(423)	(624)
Derivative Liability, Netting Adjustment	(339)	(164)
Derivative Assets	934	828
Derivative Liability	246	175
Derivatives designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	62,524	57,015
Derivative Assets, Gross Amount	918	996
Derivative Liabilities, Gross Amount	315	59
Derivatives designated as accounting hedges \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	54,275	48,993
Derivative Assets, Gross Amount	825	702
Derivative Liabilities, Gross Amount	121	57
Derivatives designated as accounting hedges \| Interest rate contracts \| Fair value hedges
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	27,225	24,543
Derivative Assets, Gross Amount	470	480
Derivative Liabilities, Gross Amount	96	39
Derivatives designated as accounting hedges \| Interest rate contracts \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	27,050	24,450
Derivative Assets, Gross Amount	355	222
Derivative Liabilities, Gross Amount	25	18
Derivatives designated as accounting hedges \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	8,249	8,022
Derivative Assets, Gross Amount	93	294
Derivative Liabilities, Gross Amount	194	2
Derivatives designated as accounting hedges \| Foreign exchange contracts \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	5,559	5,546
Derivative Assets, Gross Amount	93	221
Derivative Liabilities, Gross Amount	48	2
Derivatives designated as accounting hedges \| Foreign exchange contracts \| Net investment hedges
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	2,690	2,476
Derivative Assets, Gross Amount	0	73
Derivative Liabilities, Gross Amount	146	0
Derivatives not designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	32,493	31,630
Derivative Assets, Gross Amount	439	456
Derivative Liabilities, Gross Amount	270	280
Derivatives not designated as accounting hedges \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	31,896	31,037
Derivative Assets, Gross Amount	439	456
Derivative Liabilities, Gross Amount	266	275
Derivatives not designated as accounting hedges \| Interest rate contracts \| MSRs
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	1,252	777
Derivative Assets, Gross Amount	7	10
Derivative Liabilities, Gross Amount	10	3
Derivatives not designated as accounting hedges \| Interest rate contracts \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	28,386	27,646
Derivative Assets, Gross Amount	387	413
Derivative Liabilities, Gross Amount	243	251
Derivatives not designated as accounting hedges \| Interest rate contracts \| Other interest rate exposures
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	2,258	2,614
Derivative Assets, Gross Amount	45	33
Derivative Liabilities, Gross Amount	13	21
Derivatives not designated as accounting hedges \| Other contracts
Derivatives, Fair Value [Line Items]
Notional or Contractual Amount	597	593
Derivative Assets, Gross Amount	0	0
Derivative Liabilities, Gross Amount	$ 4	$ 5

Derivative Instruments and Hedging Activities - Offsetting Assets (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives assets(1)
Gross Amounts	$ 1,357	$ 1,452
Derivative Asset, Offsetting Financial Instruments	(191)	(101)
Derivative Assets, Offsetting Cash Collateral	(232)	(523)
Derivative Assets	934	828
Derivative Asset, Securities Not Netted	(14)	(80)
Net Exposure	920	748
Derivative Asset, Not Subject to Master Netting Arrangement	$ 536	$ 360

Derivative Instruments and Hedging Activities - Offsetting Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives liabilities(1)
Derivative Liabilities, Gross Amount	$ 585	$ 339
Derivative Liability, Offsetting Financial Instruments	(191)	(101)
Derivative Liability, Offsetting Cash Collateral	(148)	(63)
Derivative Liability	246	175
Derivative Liability, Securities Collateral Not Netted	0	0
Net Exposure	246	175
Derivative Liability, Not Subject to Master Netting Arrangement	202	127
Repurchase agreements(2)(3)
Gross Amounts	969	869
Securities Sold under Agreements to Repurchase, Asset	0	0
Repurchase Agreement, Collateral, Right To Reclaim Cash, Offset	0	0
Net Amounts as Recognized	969	869
Offsetting Amounts Not Netted, Collateral Pledged	(969)	(869)
Net Exposure	0	$ 0
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	$ 989

Derivative Instruments and Hedging Activities - Net Gains (Losses) Recognized in Earnings Related to Derivatives in Fair Value Hedging Relationships and Free-Standing Derivatives (Details) - Other Non-Interest Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative gains (losses) recognized in earnings	$ 0	$ 26	$ 15	$ 47
Derivatives designated as accounting hedges \| Fair value hedges \| Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains recognized in earnings on derivatives	(223)	105	(70)	136
Gains (losses) recognized in earnings on hedged items	211	(92)	63	(115)
Net fair value hedge ineffectiveness (losses) gains	(12)	13	(7)	21
Derivatives not designated as accounting hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	12	13	22	26
Derivatives not designated as accounting hedges \| Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	12	13	24	24
Derivatives not designated as accounting hedges \| Interest rate contracts \| MSRs
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	(9)	6	(3)	13
Derivatives not designated as accounting hedges \| Interest rate contracts \| Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	5	4	9	8
Derivatives not designated as accounting hedges \| Interest rate contracts \| Other interest rate exposures
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	16	3	18	3
Derivatives not designated as accounting hedges \| Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	0	0	0	1
Derivatives not designated as accounting hedges \| Other contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	$ 0	$ 0	$ (2)	$ 1

Derivative Instruments and Hedging Activities - Net Gains (Losses) Related to Derivatives Designated as Cash Flow Hedges and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) recorded in AOCI	$ (136)	$ 95	$ 144	$ 135
Other Non-Interest Income
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Net derivative gains (losses) recognized in earnings	0	26	15	47
Cash flow hedges
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) recorded in AOCI	(39)	95	166	135
Gains (losses) reclassified from AOCI into earnings	42	24	85	45
Net derivative gains (losses) recognized in earnings	42	24	87	46
Cash flow hedges \| Interest rate contracts
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) recorded in AOCI	(33)	101	177	146
Cash flow hedges \| Interest rate contracts \| Interest Income (Expense)
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) reclassified from AOCI into earnings	50	30	97	56
Cash flow hedges \| Interest rate contracts \| Other Non-Interest Income
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) recognized in earnings due to ineffectiveness	0	0	2	1
Cash flow hedges \| Foreign exchange contracts
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) recorded in AOCI	(6)	(6)	(11)	(11)
Cash flow hedges \| Foreign exchange contracts \| Other Non-Interest Income
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) reclassified from AOCI into earnings	(8)	(6)	(12)	(11)
Net investment hedges \| Foreign exchange contracts
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Gains (losses) recorded in AOCI	$ (97)	$ 0	$ (22)	$ 0

Stockholders' Equity - Schedule of Preferred Stock (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2015 USD ($) $ / shares shares	Dec. 31, 2014 USD ($)
Class of Stock [Line Items]
Depository Share, Percent Interest in Preferred Stock	0.025
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 2,810	$ 1,822
Series B Preferred Stock
Class of Stock [Line Items]
Non-cumulative Fixed Dividend Rate per Annum (as percent)	6.00%
Redemption Price per Depositary Share (in dollars per share) \| $ / shares	$ 1,000
Number of Depositary Shares (in shares) \| shares	875,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 853	853
Series C Preferred Stock
Class of Stock [Line Items]
Non-cumulative Fixed Dividend Rate per Annum (as percent)	6.25%
Redemption Price per Depositary Share (in dollars per share) \| $ / shares	$ 1,000
Number of Depositary Shares (in shares) \| shares	500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 484	484
Series D Preferred Stock
Class of Stock [Line Items]
Non-cumulative Fixed Dividend Rate per Annum (as percent)	6.70%
Redemption Price per Depositary Share (in dollars per share) \| $ / shares	$ 1,000
Number of Depositary Shares (in shares) \| shares	500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 485	$ 485
Series E Preferred Stock
Class of Stock [Line Items]
Non-cumulative Fixed Dividend Rate per Annum (as percent)	5.55%
Redemption Price per Depositary Share (in dollars per share) \| $ / shares	$ 1,000
Number of Depositary Shares (in shares) \| shares	1,000,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 988
Preferred Stock, Dividend Payment Rate, Variable	Libor + 380 bps
Preferred Stock Dividend Rate, Variable	3.80%

Stockholders' Equity - Change in AOCI Gain (Loss) by Component (Net of Tax) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	$ (212)	$ (710)	$ (430)	$ (872)
Other comprehensive income (loss) before reclassifications	(175)	345	59	521
Net realized (gains) losses reclassified from AOCI into earnings	(10)	(6)	(26)	(20)
Other comprehensive income, net of tax	(185)	339	33	501
AOCI ending balance	(397)	(371)	(397)	(371)
Accumulated Net Unrealized Investment Gain (Loss) \| Securities Available for Sale
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	532	250	410	106
Other comprehensive income (loss) before reclassifications	(171)	168	(57)	317
Net realized (gains) losses reclassified from AOCI into earnings	5	1	13	(4)
Other comprehensive income, net of tax	(166)	169	(44)	313
AOCI ending balance	366	419	366	419
Accumulated Net Unrealized Investment Gain (Loss) \| Securities Held to Maturity
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(801)	(884)	(821)	(897)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Net realized (gains) losses reclassified from AOCI into earnings	27	21	47	34
Other comprehensive income, net of tax	27	21	47	34
AOCI ending balance	(774)	(863)	(774)	(863)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	172	(91)	10	(110)
Other comprehensive income (loss) before reclassifications	(39)	95	166	135
Net realized (gains) losses reclassified from AOCI into earnings	(42)	(24)	(85)	(45)
Other comprehensive income, net of tax	(81)	71	81	90
AOCI ending balance	91	(20)	91	(20)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(92)	27	(8)	40
Other comprehensive income (loss) before reclassifications	35	79	(49)	66
Net realized (gains) losses reclassified from AOCI into earnings	0	0	0	0
Other comprehensive income, net of tax	35	79	(49)	66
AOCI ending balance	(57)	106	(57)	106
Other
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(23)	(12)	(21)	(11)
Other comprehensive income (loss) before reclassifications	0	3	(1)	3
Net realized (gains) losses reclassified from AOCI into earnings	0	(4)	(1)	(5)
Other comprehensive income, net of tax	0	(1)	(2)	(2)
AOCI ending balance	$ (23)	$ (13)	$ (23)	$ (13)

Stockholders' Equity - Reclassifications from AOCI (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income	$ 146	$ 159	$ 299	$ 270
Non-interest income - OTTI	(7)	(1)	(22)	(6)
Interest income	4,537	4,315	9,113	8,665
Income from continuing operations before income taxes	1,236	1,785	2,899	3,488
Income tax provision (benefit)	384	581	913	1,160
Net income	863	1,194	2,016	2,348
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	10	6	26	20
Accumulated Net Unrealized Investment Gain (Loss) \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Securities Available for Sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income	(1)	(1)	1	12
Non-interest income - OTTI	(7)	(1)	(22)	(6)
Income from continuing operations before income taxes	(8)	(2)	(21)	6
Income tax provision (benefit)	(3)	(1)	(8)	2
Net income	(5)	(1)	(13)	4
Accumulated Net Unrealized Investment Gain (Loss) \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Securities Held to Maturity
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income	(40)	(33)	(73)	(61)
Income tax provision (benefit)	(13)	(12)	(26)	(27)
Net income	(27)	(21)	(47)	(34)
Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income taxes	66	38	134	72
Income tax provision (benefit)	24	14	49	27
Net income	42	24	85	45
Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income	78	48	153	90
Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income	(12)	(10)	(19)	(18)
Other \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income taxes	1	7	2	8
Income tax provision (benefit)	1	3	1	3
Net income	$ 0	$ 4	$ 1	$ 5

Stockholders' Equity - Components of Other Comprehensive Income Loss and Related Tax Impact (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Before Tax
Net unrealized (losses) gains on securities available for sale	$ (259)	$ 269	$ (69)	$ 498
Net changes in securities held to maturity	40	33	73	61
Net unrealized (losses) gains on cash flow hedges	(129)	114	129	144
Foreign currency translation adjustments	(21)	79	(62)	66
Other	0	(3)	(4)	(4)
Other comprehensive income before taxes	(369)	492	67	765
Provision (Benefit)
Net unrealized (losses) gains on securities available for sale	(93)	100	(25)	185
Net changes in securities held to maturity	13	12	26	27
Net unrealized gains on cash flow hedges	(48)	43	48	54
Foreign currency translation adjustments	(56)	0	(13)	0
Other	0	(2)	(2)	(2)
Other comprehensive income (loss), provision (benefit)	(184)	153	34	264
After Tax
Net unrealized (losses) gains on securities available for sale	(166)	169	(44)	313
Net changes in securities held to maturity	27	21	47	34
Net unrealized gains on cash flow hedges	(81)	71	81	90
Foreign currency translation adjustments	35	79	(49)	66
Other	0	(1)	(2)	(2)
Other comprehensive (loss) income, net of tax	$ (185)	$ 339	$ 33	$ 501

Earnings Per Common Share - Schedule of Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Basic earnings per common share:
Income from continuing operations, net of tax	$ 852	$ 1,204	$ 1,986	$ 2,328
Income from discontinued operations, net of tax	11	(10)	30	20
Net income	863	1,194	2,016	2,348
Dividends and undistributed earnings allocated to participating securities	(4)	(4)	(10)	(9)
Preferred stock dividends	(29)	(13)	(61)	(26)
Net income available to common stockholders	$ 830	$ 1,177	$ 1,945	$ 2,313
Net income from continuing operations (in dollars per share)	$ 1.50	$ 2.09	$ 3.49	$ 4.03
Income (loss) from discontinued operations (in dollars per share)	0.02	(0.02)	0.06	0.03
Net income per basic common share (in dollars per share)	$ 1.52	$ 2.07	$ 3.55	$ 4.06
Weighted Average Number of Shares Outstanding, Basic	545.6	567.5	548.0	569.2
Diluted earnings per common share:
Net income available to common stockholders	$ 830	$ 1,177	$ 1,945	$ 2,313
Net income from continuing operations (in dollars per share)	$ 1.48	$ 2.06	$ 3.45	$ 3.97
Income (loss) from discontinued operations (in dollars per share)	0.02	(0.02)	0.06	0.03
Net income per diluted common share (in dollars per share)	$ 1.50	$ 2.04	$ 3.51	$ 4.00
Effect of dilutive securities:
Stock options	2.8	2.7	2.7	2.6
Other contingently issuable shares	1.1	1.6	1.3	1.5
Warrants	2.5	5.8	2.7	5.6
Total effect of dilutive securities	6.4	10.1	6.7	9.7
Total weighted-average diluted shares outstanding	552.0	577.6	554.7	578.9

Earnings Per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options excluded from the computation of diluted earnings per share (in shares)	1,700,000.0	2,800,000.0	1,900,000.0	3,700,000.0
Minimum exercise price range	$ 74.96	$ 70.96	$ 70.96	$ 70.96
Maximum exercise price range	$ 88.81	$ 88.81	$ 88.81	$ 88.81
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Warrants outstanding	4,400,000		4,400,000

Fair Value Measurement - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Securities available for sale:
Securities available for sale	$ 39,136	$ 39,508
Other assets:
Consumer MSRs	65	53
Derivative Assets, Gross Amount	1,357	1,452
Liabilities:
Derivative Liabilities, Gross Amount	585	339
Derivative Asset	934	828
Derivative Liabilities	246	175
Cumulative credit risk valuation adjustment related to derivative positions	3	4
U.S. Treasury securities
Securities available for sale:
Securities available for sale	4,438	4,118
Corporate debt securities guaranteed by U.S. government agencies
Securities available for sale:
Securities available for sale	421	800
RMBS
Securities available for sale:
Securities available for sale	26,946	25,381
CMBS
Securities available for sale:
Securities available for sale	5,263	5,519
Other ABS
Securities available for sale:
Securities available for sale	1,727	2,662
Other securities
Securities available for sale:
Securities available for sale	341	1,028
Level 1
Securities available for sale:
Securities available for sale	4,552	4,228
Other assets:
Derivative Assets, Gross Amount	4	4
Retained interests in securitizations	0	0
Liabilities:
Derivative Liabilities, Gross Amount	4	3
Level 2
Securities available for sale:
Securities available for sale	33,839	34,075
Other assets:
Derivative Assets, Gross Amount	1,292	1,382
Retained interests in securitizations	0	0
Liabilities:
Derivative Liabilities, Gross Amount	554	293
Level 3
Securities available for sale:
Securities available for sale	745	1,205
Other assets:
Derivative Assets, Gross Amount	61	66
Retained interests in securitizations	220	221
Liabilities:
Derivative Liabilities, Gross Amount	27	43
Fair Value, Measurements, Recurring [Member]
Securities available for sale:
Securities available for sale	39,136	39,508
Other assets:
Consumer MSRs	65	53
Derivative Assets, Gross Amount	1,357	1,452
Retained interests in securitizations	220	221
Total assets	40,778	41,234
Liabilities:
Derivative Liabilities, Gross Amount	585	339
Total liabilities	585	339
Fair Value, Measurements, Recurring [Member] \| U.S. Treasury securities
Securities available for sale:
Securities available for sale	4,438	4,118
Fair Value, Measurements, Recurring [Member] \| Corporate debt securities guaranteed by U.S. government agencies
Securities available for sale:
Securities available for sale	421	800
Fair Value, Measurements, Recurring [Member] \| RMBS
Securities available for sale:
Securities available for sale	26,946	25,381
Fair Value, Measurements, Recurring [Member] \| CMBS
Securities available for sale:
Securities available for sale	5,263	5,519
Fair Value, Measurements, Recurring [Member] \| Other ABS
Securities available for sale:
Securities available for sale	1,727	2,662
Fair Value, Measurements, Recurring [Member] \| Other securities
Securities available for sale:
Securities available for sale	341	1,028
Fair Value, Measurements, Recurring [Member] \| Level 1
Securities available for sale:
Securities available for sale	4,552	4,228
Other assets:
Consumer MSRs	0	0
Derivative Assets, Gross Amount	4	4
Retained interests in securitizations	0	0
Total assets	4,556	4,232
Liabilities:
Derivative Liabilities, Gross Amount	4	3
Total liabilities	4	3
Fair Value, Measurements, Recurring [Member] \| Level 1 \| U.S. Treasury securities
Securities available for sale:
Securities available for sale	4,438	4,117
Fair Value, Measurements, Recurring [Member] \| Level 1 \| Corporate debt securities guaranteed by U.S. government agencies
Securities available for sale:
Securities available for sale	0	0
Fair Value, Measurements, Recurring [Member] \| Level 1 \| RMBS
Securities available for sale:
Securities available for sale	0	0
Fair Value, Measurements, Recurring [Member] \| Level 1 \| CMBS
Securities available for sale:
Securities available for sale	0	0
Fair Value, Measurements, Recurring [Member] \| Level 1 \| Other ABS
Securities available for sale:
Securities available for sale	0	0
Fair Value, Measurements, Recurring [Member] \| Level 1 \| Other securities
Securities available for sale:
Securities available for sale	114	111
Fair Value, Measurements, Recurring [Member] \| Level 2
Securities available for sale:
Securities available for sale	33,839	34,075
Other assets:
Consumer MSRs	0	0
Derivative Assets, Gross Amount	1,292	1,382
Retained interests in securitizations	0	0
Total assets	35,131	35,457
Liabilities:
Derivative Liabilities, Gross Amount	554	293
Total liabilities	554	293
Fair Value, Measurements, Recurring [Member] \| Level 2 \| U.S. Treasury securities
Securities available for sale:
Securities available for sale	0	1
Fair Value, Measurements, Recurring [Member] \| Level 2 \| Corporate debt securities guaranteed by U.S. government agencies
Securities available for sale:
Securities available for sale	330	467
Fair Value, Measurements, Recurring [Member] \| Level 2 \| RMBS
Securities available for sale:
Securities available for sale	26,487	24,820
Fair Value, Measurements, Recurring [Member] \| Level 2 \| CMBS
Securities available for sale:
Securities available for sale	5,093	5,291
Fair Value, Measurements, Recurring [Member] \| Level 2 \| Other ABS
Securities available for sale:
Securities available for sale	1,720	2,597
Fair Value, Measurements, Recurring [Member] \| Level 2 \| Other securities
Securities available for sale:
Securities available for sale	209	899
Fair Value, Measurements, Recurring [Member] \| Level 3
Securities available for sale:
Securities available for sale	745	1,205
Other assets:
Consumer MSRs	65	53
Derivative Assets, Gross Amount	61	66
Retained interests in securitizations	220	221
Total assets	1,091	1,545
Liabilities:
Derivative Liabilities, Gross Amount	27	43
Total liabilities	27	43
Fair Value, Measurements, Recurring [Member] \| Level 3 \| U.S. Treasury securities
Securities available for sale:
Securities available for sale	0	0
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Corporate debt securities guaranteed by U.S. government agencies
Securities available for sale:
Securities available for sale	91	333
Fair Value, Measurements, Recurring [Member] \| Level 3 \| RMBS
Securities available for sale:
Securities available for sale	459	561
Fair Value, Measurements, Recurring [Member] \| Level 3 \| CMBS
Securities available for sale:
Securities available for sale	170	228
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Other ABS
Securities available for sale:
Securities available for sale	7	65
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Other securities
Securities available for sale:
Securities available for sale	$ 18	$ 18

Fair Value Measurement Fair Value Measurement - Schedule of Level 3 Inputs Reconciliation for Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 926	$ 3,217	$ 1,205	$ 3,330
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	12	18	19	40
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(9)	24	3	66
Purchases	86	94	86	1,014
Sales	(80)	0	(168)	(112)
Issuances	0	0	0	0
Settlements	(32)	(136)	(74)	(203)
Transfers Into Level 3	107	94	192	296
Transfers Out of Level 3	(265)	(1,092)	(518)	(2,212)
Ending balance	745	2,219	745	2,219
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	11	18	20	40
Corporate debt securities guaranteed by U.S. government agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	172	752	333	927
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	1	0	(1)	0
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	5	5	15
Purchases	0	0		0
Sales	(80)	0	(148)	(112)
Issuances	0	0	0	0
Settlements	(2)	(18)	(10)	(39)
Transfers Into Level 3	0	0	0	64
Transfers Out of Level 3	0	0	(88)	(116)
Ending balance	91	739	91	739
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	0	0	0	0
RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	555	1,727	561	1,304
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	11	17	19	37
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(9)	8	(1)	36
Purchases	0	94		980
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(14)	(98)	(27)	(132)
Transfers Into Level 3	107	63	192	120
Transfers Out of Level 3	(191)	(975)	(285)	(1,509)
Ending balance	459	836	459	836
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	11	17	20	37
CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	174	495	228	739
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	0	0	0	0
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	3	1	5
Purchases	86	0	86	34
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(16)	(19)	(37)	(30)
Transfers Into Level 3	0	28	0	66
Transfers Out of Level 3	(74)	(58)	(108)	(365)
Ending balance	170	449	170	449
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	0	0	0	0
Other ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	7	226	65	343
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	0	1	1	3
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	8	(2)	10
Purchases	0	0		0
Sales	0	0	(20)	0
Issuances	0	0	0	0
Settlements	0	(1)	0	(2)
Transfers Into Level 3	0	0	0	43
Transfers Out of Level 3	0	(59)	(37)	(222)
Ending balance	7	175	7	175
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	0	1	0	3
Other securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	18	17	18	17
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	0	0	0	0
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0		0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Transfers Into Level 3	0	3	0	3
Transfers Out of Level 3	0	0	0	0
Ending balance	18	20	18	20
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	0	0	0	0
Consumer MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	53	61	53	69
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	7	(6)	4	(17)
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	6	3	10	7
Settlements	(1)	(1)	(2)	(2)
Transfers Into Level 3	0	0	0	0
Transfers Out of Level 3	0	0	0	0
Ending balance	65	57	65	57
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	7	(6)	4	(17)
Derivative assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	73	48	66	50
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(10)	3	1	3
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	18	5	27	7
Settlements	(16)	(3)	(28)	(6)
Transfers Into Level 3	0	0	0	0
Transfers Out of Level 3	(4)	(3)	(5)	(4)
Ending balance	61	50	61	50
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	(10)	3	1	3
Retained interest in securitizations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	223	197	221	199
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(3)	(2)	(1)	(4)
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Transfers Into Level 3	0	0	0	0
Transfers Out of Level 3	0	0	0	0
Ending balance	220	195	220	195
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	$ (3)	$ (2)	$ (1)	$ (4)

Fair Value Measurement Fair Value Measurement - Schedule of Level 3 Inputs Reconciliation for Liabilities (Details) - Derivative Financial Instruments, Liabilities [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ (48)	$ (36)	$ (43)	$ (38)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	9	(2)	(1)	(4)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(3)	(3)	(10)	(4)
Settlements	12	3	24	8
Transfers Into Level 3	0	0	0	0
Transfers Out of Level 3	3	1	3	1
Ending balance	(27)	(37)	(27)	(37)
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	$ 9	$ (2)	$ (1)	$ (4)

Fair Value Measurement - Schedule of Assets Measured at Fair Value on Recurring Basis Quantitative Information about Level 3 Fair Value Measurements (Detail) $ in Millions	Jun. 30, 2015 USD ($) $ / SecurityLoan	Dec. 31, 2014 USD ($) $ / SecurityLoan
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	$ 39,136	$ 39,508
Consumer MSRs	65	53
Derivative Assets, Gross Amount	1,357	1,452
Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	745	1,205
Derivative Assets, Gross Amount	61	66
Retained interests in securitizations	220	221
Level 3 \| Retained interest in securitizations
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Retained interests in securitizations	220	221
Fair Value, Measurements, Recurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	39,136	39,508
Consumer MSRs	65	53
Derivative Assets, Gross Amount	1,357	1,452
Retained interests in securitizations	220	221
Fair Value, Measurements, Recurring [Member] \| Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	745	1,205
Consumer MSRs	65	53
Derivative Assets, Gross Amount	61	66
Retained interests in securitizations	220	221
Fair Value, Measurements, Recurring [Member] \| Level 3 \| RMBS
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	$ 459	$ 561
Fair Value, Measurements, Recurring [Member] \| Level 3 \| RMBS \| Discounted cash flows \| Minimum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	1.00%	0.00%
Constant prepayment rate (percent)	0.00%	0.00%
Default rate (percent)	0.00%	0.00%
Loss severity (percent)	0.00%	0.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| RMBS \| Discounted cash flows \| Maximum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	18.00%	18.00%
Constant prepayment rate (percent)	20.00%	23.00%
Default rate (percent)	16.00%	15.00%
Loss severity (percent)	85.00%	85.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| RMBS \| Discounted cash flows \| Weighted Average
Fair Value Inputs [Abstract]
Yield (percent)	5.00%	6.00%
Constant prepayment rate (percent)	4.00%	4.00%
Default rate (percent)	5.00%	5.00%
Loss severity (percent)	55.00%	55.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| CMBS
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	$ 170	$ 228
Fair Value, Measurements, Recurring [Member] \| Level 3 \| CMBS \| Discounted cash flows \| Minimum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	1.00%	1.00%
Constant prepayment rate (percent)	0.00%	0.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| CMBS \| Discounted cash flows \| Maximum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	3.00%	4.00%
Constant prepayment rate (percent)	100.00%	100.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| CMBS \| Discounted cash flows \| Weighted Average
Fair Value Inputs [Abstract]
Yield (percent)	2.00%	1.00%
Constant prepayment rate (percent)	5.00%	5.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Other ABS
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	$ 7	$ 65
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Other ABS \| Discounted cash flows \| Minimum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	2.00%	2.00%
Constant prepayment rate (percent)	0.00%	0.00%
Default rate (percent)	1.00%	1.00%
Loss severity (percent)	30.00%	30.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Other ABS \| Discounted cash flows \| Maximum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	2.00%	7.00%
Constant prepayment rate (percent)	0.00%	3.00%
Default rate (percent)	1.00%	10.00%
Loss severity (percent)	30.00%	88.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Other ABS \| Discounted cash flows \| Weighted Average
Fair Value Inputs [Abstract]
Yield (percent)	2.00%	5.00%
Constant prepayment rate (percent)	0.00%	2.00%
Default rate (percent)	1.00%	7.00%
Loss severity (percent)	30.00%	71.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| U.S. government guaranteed debt and other securities
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Securities available for sale	$ 109	$ 351
Fair Value, Measurements, Recurring [Member] \| Level 3 \| U.S. government guaranteed debt and other securities \| Discounted cash flows \| Minimum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	1.00%	1.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| U.S. government guaranteed debt and other securities \| Discounted cash flows \| Maximum [Member]
Fair Value Inputs [Abstract]
Yield (percent)	4.00%	4.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| U.S. government guaranteed debt and other securities \| Discounted cash flows \| Weighted Average
Fair Value Inputs [Abstract]
Yield (percent)	3.00%	3.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Consumer MSRs
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Consumer MSRs	$ 65	$ 53
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Consumer MSRs \| Discounted cash flows \| Minimum [Member]
Fair Value Inputs [Abstract]
Total prepayment rate (percent)	11.00%	12.00%
Discount rate (percent)	11.00%	12.00%
Option adjusted spread rate (percent)	4.35%	4.35%
Servicing cost ($ per loan) \| $ / SecurityLoan	93.00	93.00
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Consumer MSRs \| Discounted cash flows \| Maximum [Member]
Fair Value Inputs [Abstract]
Total prepayment rate (percent)	18.00%	27.00%
Discount rate (percent)	11.00%	12.00%
Option adjusted spread rate (percent)	15.00%	15.00%
Servicing cost ($ per loan) \| $ / SecurityLoan	209.00	209.00
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Consumer MSRs \| Discounted cash flows \| Weighted Average
Fair Value Inputs [Abstract]
Total prepayment rate (percent)	15.00%	18.00%
Discount rate (percent)	11.00%	12.00%
Option adjusted spread rate (percent)	4.78%	4.78%
Servicing cost ($ per loan) \| $ / SecurityLoan	100.00	101.00
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative assets
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Derivative Assets, Gross Amount	$ 61	$ 66
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative assets \| Discounted cash flows \| Minimum [Member]
Fair Value Inputs [Abstract]
Swap rates (percent)	2.00%	2.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative assets \| Discounted cash flows \| Maximum [Member]
Fair Value Inputs [Abstract]
Swap rates (percent)	3.00%	3.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative assets \| Discounted cash flows \| Weighted Average
Fair Value Inputs [Abstract]
Swap rates (percent)	3.00%	2.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Retained interest in securitizations \| Discounted cash flows \| Minimum [Member]
Fair Value Inputs [Abstract]
Constant prepayment rate (percent)	1.00%	2.00%
Default rate (percent)	2.00%	2.00%
Loss severity (percent)	22.00%	19.00%
Discount rate (percent)	4.00%	4.00%
Life of receivables (months)	22 months	25 months
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Retained interest in securitizations \| Discounted cash flows \| Maximum [Member]
Fair Value Inputs [Abstract]
Constant prepayment rate (percent)	15.00%	13.00%
Default rate (percent)	7.00%	8.00%
Loss severity (percent)	100.00%	95.00%
Discount rate (percent)	8.00%	9.00%
Life of receivables (months)	69 months	72 months

Fair Value Measurement Fair Value Measurement - Schedule of Liabilities Measured at Fair Value on Recurring Basis Quantitative Information about Level 3 Fair Value Measurements (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Derivative Liabilities, Gross Amount	$ 585	$ 339
Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Derivative Liabilities, Gross Amount	27	43
Fair Value, Measurements, Recurring [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Derivative Liabilities, Gross Amount	585	339
Fair Value, Measurements, Recurring [Member] \| Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Derivative Liabilities, Gross Amount	27	43
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative liabilities
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Derivative Liabilities, Gross Amount	$ 27	$ 43
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative liabilities \| Minimum [Member] \| Discounted cash flows
Fair Value Inputs [Abstract]
Swap rates (percent)	2.00%	2.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative liabilities \| Maximum [Member] \| Discounted cash flows
Fair Value Inputs [Abstract]
Swap rates (percent)	3.00%	3.00%
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Derivative liabilities \| Weighted Average \| Discounted cash flows
Fair Value Inputs [Abstract]
Swap rates (percent)	3.00%	2.00%

Fair Value Measurement - Schedule of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 934	$ 828
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans held for sale	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans held for sale	1,105	650
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	207,984	207,104
Loans held for sale	0	0
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	158	121
Loans held for sale	156	34
Other Assets, Fair Value Disclosure	71	65
Total	385	220
Nonrecurring \| Other Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed Properties and Repossessed Assets	39	60
Long-Lived Assets	32	5
Nonrecurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans held for sale	0	0
Other Assets, Fair Value Disclosure	0	0
Total	0	0
Nonrecurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans held for sale	156	34
Other Assets, Fair Value Disclosure	0	0
Total	156	34
Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	158	121
Loans held for sale	0	0
Other Assets, Fair Value Disclosure	71	65
Total	$ 229	$ 186

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 934	$ 828
Minimum [Member] \| Loans Held for Investment \| Appraisal Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-recoverable rate	0.00%	0.00%
Maximum [Member] \| Loans Held for Investment \| Appraisal Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-recoverable rate	73.00%	74.00%
Weighted Average \| Loans Held for Investment \| Appraisal Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-recoverable rate	35.00%	30.00%

Fair Value Measurement - Schedule of Earnings Related to Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Assets:
Loans held for investment	$ (48)	$ (23)
Loans held for sale	(3)	0
Other assets	(30)	(5)
Total	$ (81)	$ (28)

Fair Value Measurement - Schedule of Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Financial assets:
Securities available for sale	$ 39,136	$ 39,508
Securities held to maturity	24,511	23,634
Derivative Assets, Gross Amount	1,357	1,452
Financial liabilities:
Derivative Liabilities, Gross Amount	585	339
Level 1
Financial assets:
Cash and cash equivalents	7,156	7,242
Restricted cash for securitization investors	253	234
Securities available for sale	4,552	4,228
Securities held to maturity	199	0
Net loans held for investment	0	0
Loans held for sale	0	0
Interest receivable	0	0
Derivative Assets, Gross Amount	4	4
Retained interests in securitizations	0	0
Financial liabilities:
Non-interest bearing deposits	25,123	25,081
Interest-bearing deposits	0	0
Securitized debt obligations	0	0
Senior and subordinated notes	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	1,888	880
Other borrowings	0	0
Interest payable	0	0
Derivative Liabilities, Gross Amount	4	3
Level 2
Financial assets:
Cash and cash equivalents	0	0
Restricted cash for securitization investors	0	0
Securities available for sale	33,839	34,075
Securities held to maturity	24,099	23,503
Net loans held for investment	0	0
Loans held for sale	1,105	650
Interest receivable	1,056	1,079
Derivative Assets, Gross Amount	1,292	1,382
Retained interests in securitizations	0	0
Financial liabilities:
Non-interest bearing deposits	0	0
Interest-bearing deposits	10,883	11,668
Securitized debt obligations	13,883	11,745
Senior and subordinated notes	20,240	19,083
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Other borrowings	10,127	17,275
Interest payable	262	254
Derivative Liabilities, Gross Amount	554	293
Level 3
Financial assets:
Cash and cash equivalents	0	0
Restricted cash for securitization investors	0	0
Securities available for sale	745	1,205
Securities held to maturity	213	131
Net loans held for investment	207,984	207,104
Loans held for sale	0	0
Interest receivable	0	0
Derivative Assets, Gross Amount	61	66
Retained interests in securitizations	220	221
Financial liabilities:
Non-interest bearing deposits	0	0
Interest-bearing deposits	165,883	162,406
Securitized debt obligations	0	0
Senior and subordinated notes	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Other borrowings	0	0
Interest payable	0	0
Derivative Liabilities, Gross Amount	27	43
Carrying Amount
Financial assets:
Cash and cash equivalents	7,156	7,242
Restricted cash for securitization investors	253	234
Securities available for sale	39,136	39,508
Securities held to maturity	23,668	22,500
Net loans held for investment	205,029	203,933
Loans held for sale	1,066	626
Interest receivable	1,056	1,079
Derivative Assets, Gross Amount	1,357	1,452
Retained interests in securitizations	220	221
Financial liabilities:
Non-interest bearing deposits	25,123	25,081
Interest-bearing deposits	183,657	180,467
Securitized debt obligations	13,785	11,624
Senior and subordinated notes	19,987	18,684
Federal funds purchased and securities loaned or sold under agreements to repurchase	1,888	880
Other borrowings	10,106	17,269
Interest payable	262	254
Derivative Liabilities, Gross Amount	585	339
Estimated Fair Value
Financial assets:
Cash and cash equivalents	7,156	7,242
Restricted cash for securitization investors	253	234
Securities available for sale	39,136	39,508
Securities held to maturity	24,511	23,634
Net loans held for investment	207,984	207,104
Loans held for sale	1,105	650
Interest receivable	1,056	1,079
Derivative Assets, Gross Amount	1,357	1,452
Retained interests in securitizations	220	221
Financial liabilities:
Non-interest bearing deposits	25,123	25,081
Interest-bearing deposits	176,766	174,074
Securitized debt obligations	13,883	11,745
Senior and subordinated notes	20,240	19,083
Federal funds purchased and securities loaned or sold under agreements to repurchase	1,888	880
Other borrowings	10,127	17,275
Interest payable	262	254
Derivative Liabilities, Gross Amount	$ 585	$ 339

Business Segments - Additional Information (Detail)	6 Months Ended
Business Segments - Additional Information (Detail)	Jun. 30, 2015 Segment
Segment Reporting [Abstract]
Number of Operating Segments	3

Business Segments - Schedule of Segment Results and Reconciliation (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net interest income	$ 4,537	$ 4,315	$ 9,113	$ 8,665
Non-interest income	1,135	1,153	2,206	2,173
Total net revenue	5,672	5,468	11,319	10,838
Provision for Loan, lease and Other losses	1,129	704	2,064	1,439
Amortization of intangibles	111	136	221	279
Other non-interest expense	3,202	2,852	6,141	5,650
Total non-interest expense	3,307	2,979	6,356	5,911
Income from continuing operations before income taxes	1,236	1,785	2,899	3,488
Income tax provision (benefit)	384	581	913	1,160
Income from continuing operations, net of tax	852	1,204	1,986	2,328
Loans held for investment	209,705	198,528	209,705	198,528	$ 208,316
Total deposits	208,780	205,890	208,780	205,890	$ 205,548
Operating Segments \| Credit Card
Segment Reporting Information [Line Items]
Net interest income	2,633	2,461	5,299	4,986
Non-interest income	845	839	1,661	1,624
Total net revenue	3,478	3,300	6,960	6,610
Provision for Loan, lease and Other losses	895	549	1,564	1,107
Other non-interest expense	1,777	1,625	3,469	3,253
Total non-interest expense	1,857	1,719	3,633	3,445
Income from continuing operations before income taxes	726	1,032	1,763	2,058
Income tax provision (benefit)	263	364	632	722
Income from continuing operations, net of tax	463	668	1,131	1,336
Loans held for investment	87,203	79,018	87,203	79,018
Total deposits	0	0	0	0
Operating Segments \| Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	1,444	1,431	2,878	2,864
Non-interest income	196	170	354	320
Total net revenue	1,640	1,601	3,232	3,184
Provision for Loan, lease and Other losses	185	143	391	283
Other non-interest expense	977	910	1,925	1,810
Total non-interest expense	998	938	1,968	1,868
Income from continuing operations before income taxes	457	520	873	1,033
Income tax provision (benefit)	166	186	316	369
Income from continuing operations, net of tax	291	334	557	664
Loans held for investment	71,176	71,062	71,176	71,062
Total deposits	170,321	169,153	170,321	169,153
Operating Segments \| Commercial Banking
Segment Reporting Information [Line Items]
Net interest income	466	436	927	857
Non-interest income	123	109	237	196
Total net revenue	589	545	1,164	1,053
Provision for Loan, lease and Other losses	49	12	109	52
Other non-interest expense	266	262	534	511
Total non-interest expense	270	267	542	522
Income from continuing operations before income taxes	270	266	513	479
Income tax provision (benefit)	98	95	186	171
Income from continuing operations, net of tax	172	171	327	308
Loans held for investment	51,231	48,321	51,231	48,321
Total deposits	32,909	31,440	32,909	31,440
Other
Segment Reporting Information [Line Items]
Net interest income	(6)	(13)	9	(42)
Non-interest income	(29)	35	(46)	33
Total net revenue	(35)	22	(37)	(9)
Provision for Loan, lease and Other losses	0	0	0	(3)
Other non-interest expense	182	55	213	76
Total non-interest expense	182	55	213	76
Income from continuing operations before income taxes	(217)	(33)	(250)	(82)
Income tax provision (benefit)	(143)	(64)	(221)	(102)
Income from continuing operations, net of tax	(74)	31	(29)	20
Loans held for investment	95	127	95	127
Total deposits	5,550	5,297	5,550	5,297
Purchased credit card relationship intangibles (“PCCR”)
Segment Reporting Information [Line Items]
Amortization of intangibles	80	94	164	192
Purchased credit card relationship intangibles (“PCCR”) \| Operating Segments \| Credit Card
Segment Reporting Information [Line Items]
Amortization of intangibles	80	94	164	192
Purchased credit card relationship intangibles (“PCCR”) \| Operating Segments \| Consumer Banking
Segment Reporting Information [Line Items]
Amortization of intangibles	0	0	0	0
Purchased credit card relationship intangibles (“PCCR”) \| Operating Segments \| Commercial Banking
Segment Reporting Information [Line Items]
Amortization of intangibles	0	0	0	0
Purchased credit card relationship intangibles (“PCCR”) \| Other
Segment Reporting Information [Line Items]
Amortization of intangibles	0	0	0	0
Core deposit intangibles
Segment Reporting Information [Line Items]
Amortization of intangibles	25	33	51	69
Core deposit intangibles \| Operating Segments \| Credit Card
Segment Reporting Information [Line Items]
Amortization of intangibles	0	0	0	0
Core deposit intangibles \| Operating Segments \| Consumer Banking
Segment Reporting Information [Line Items]
Amortization of intangibles	21	28	43	58
Core deposit intangibles \| Operating Segments \| Commercial Banking
Segment Reporting Information [Line Items]
Amortization of intangibles	4	5	8	11
Core deposit intangibles \| Other
Segment Reporting Information [Line Items]
Amortization of intangibles	0	0	0	0
PCCR and core deposits
Segment Reporting Information [Line Items]
Amortization of intangibles	105	127	215	261
PCCR and core deposits \| Operating Segments \| Credit Card
Segment Reporting Information [Line Items]
Amortization of intangibles	80	94	164	192
PCCR and core deposits \| Operating Segments \| Consumer Banking
Segment Reporting Information [Line Items]
Amortization of intangibles	21	28	43	58
PCCR and core deposits \| Operating Segments \| Commercial Banking
Segment Reporting Information [Line Items]
Amortization of intangibles	4	5	8	11
PCCR and core deposits \| Other
Segment Reporting Information [Line Items]
Amortization of intangibles	$ 0	$ 0	$ 0	$ 0

Commitments, Contingencies, Guarantees, and Others - Guarantees, LOC and Loss Sharing, U.K Cross Sell (Detail) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Payment Protection Insurance
Loss Contingencies [Line Items]
Loss contingency accrual	$ 160	$ 116
Loss accrual increase (decrease)	78
Letter of Credit
Loss Contingencies [Line Items]
Contractual amounts of standby letters of credit and commercial letters of credit	2,000	2,100
Other Liabilities \| Letter of Credit
Loss Contingencies [Line Items]
Letters of credit outstanding	3	3
Financial Standby Letter of Credit
Loss Contingencies [Line Items]
Guarantees, maximum exposure	13	14
Financial Standby Letter of Credit \| Other Liabilities
Loss Contingencies [Line Items]
Guarantee obligation	10	12
Loss Sharing Agreement
Loss Contingencies [Line Items]
Guarantee obligation	$ 40	$ 36

Commitments, Contingencies, Guarantees, and Others - Schedule of Unpaid Principal Balance of Mortgage Loans Originated and Sold to Third Parties Based on Category of Purchaser (Details) $ in Billions	49 Months Ended
	Feb. 28, 2009 Subsidiary	Jun. 30, 2015 USD ($)	Dec. 31, 2014 USD ($)
Loss Contingencies [Line Items]
Number of subsidiaries acquired that originated residential mortgage loans \| Subsidiary	3
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Losses realized by third party		$ 22.0
Subsidiaries
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Estimated Unpaid Principal Balance		21.0	$ 23.0
Unpaid principal balance, delinquent 90 days or greater		4.0
Subsidiaries \| 2005 to 2008 Year
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		111.0
Subsidiaries \| 2008
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		4.0
Subsidiaries \| 2007
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		21.0
Subsidiaries \| 2006
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		41.0
Subsidiaries \| 2005
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		45.0
Subsidiaries \| Government-sponsored enterprises (“GSEs”)
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Estimated Unpaid Principal Balance		2.0	3.0
Subsidiaries \| Government-sponsored enterprises (“GSEs”) \| 2005 to 2008 Year
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		11.0
Subsidiaries \| Government-sponsored enterprises (“GSEs”) \| 2008
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		1.0
Subsidiaries \| Government-sponsored enterprises (“GSEs”) \| 2007
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		4.0
Subsidiaries \| Government-sponsored enterprises (“GSEs”) \| 2006
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		3.0
Subsidiaries \| Government-sponsored enterprises (“GSEs”) \| 2005
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		3.0
Subsidiaries \| Insured Securitizations
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Estimated Unpaid Principal Balance		4.0	4.0
Subsidiaries \| Insured Securitizations \| 2005 to 2008 Year
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		$ 20.0
Percent covered by bond insurance		48.00%
Original principal balance, sold to third party with repurchase requests		$ 16.0
Original principal balance, sold to third party without repurchase requests		4.0
Subsidiaries \| Insured Securitizations \| 2008
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		0.0
Subsidiaries \| Insured Securitizations \| 2007
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		2.0
Subsidiaries \| Insured Securitizations \| 2006
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		8.0
Subsidiaries \| Insured Securitizations \| 2005
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		10.0
Subsidiaries \| Uninsured Securitizations and Other
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Estimated Unpaid Principal Balance		15.0	16.0
Subsidiaries \| Uninsured Securitizations and Other \| 2005 to 2008 Year
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		80.0
Subsidiaries \| Uninsured Securitizations and Other \| 2008
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		3.0
Subsidiaries \| Uninsured Securitizations and Other \| 2007
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		15.0
Subsidiaries \| Uninsured Securitizations and Other \| 2006
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		30.0
Subsidiaries \| Uninsured Securitizations and Other \| 2005
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		32.0
Subsidiaries \| Uninsured Securitizations \| 2005 to 2008 Year
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		48.0
Subsidiaries \| Private Investors \| 2005 to 2008 Year
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		22.0
Subsidiaries \| Various Known and Unknown Investors \| 2005 to 2008 Year
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Original Principal Balance		10.0
Representation and Warranty Liability [Member] \| Subsidiaries
Mortgage Loans on Real Estate, Sold to Third Party [Abstract]
Loss Contingency, Range of Possible Loss, Portion Not Accrued		$ 1.6	$ 2.1

Commitments, Contingencies, Guarantees, and Others - Schedule of Open Claims in Pipeline (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Increase (Decrease) In Unresolved Repurchase Claims Face Amount	$ 837
Subsidiaries
Unresolved Repurchase Claims [Roll Forward]
Open claims, beginning balance	2,512	$ 2,825
Gross new demands received	33	764
Loans repurchased/made whole	(13)	(36)
Demands rescinded	(857)	(1,041)
Open claims, ending balance	1,675	2,512
Subsidiaries \| Government-sponsored enterprises (“GSEs”)
Unresolved Repurchase Claims [Roll Forward]
Open claims, beginning balance	16	89
Gross new demands received	16	22
Loans repurchased/made whole	(12)	(31)
Demands rescinded	(13)	(64)
Open claims, ending balance	7	16
Subsidiaries \| Insured Securitizations
Unresolved Repurchase Claims [Roll Forward]
Open claims, beginning balance	649	1,614
Gross new demands received	0	0
Loans repurchased/made whole	0	0
Demands rescinded	(106)	(965)
Open claims, ending balance	543	649
Subsidiaries \| Uninsured Securitizations and Other
Unresolved Repurchase Claims [Roll Forward]
Open claims, beginning balance	1,847	1,122
Gross new demands received	17	742
Loans repurchased/made whole	(1)	(5)
Demands rescinded	(738)	(12)
Open claims, ending balance	$ 1,125	$ 1,847

Commitments, Contingencies, Guarantees, and Others - Schedule of Changes in Representation and Warranty Reserve (Details) - Subsidiaries - Representation and Warranty Liability [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Loss Contingency Accrual [Roll Forward]
Representation and warranty repurchase reserve, beginning of period	$ 673	$ 1,128	$ 731	$ 1,172
Provision (benefit) for mortgage representation and warranty losses	(36)	(18)	(54)	(51)
Net realized losses	(1)	(98)	(41)	(109)
Representation and warranty repurchase reserve, end of period	636	1,012	636	1,012
Continuing Operations
Loss Contingency Accrual [Roll Forward]
Provision (benefit) for mortgage representation and warranty losses	(9)	(29)	(8)	(15)
Discontinued Operations
Loss Contingency Accrual [Roll Forward]
Provision (benefit) for mortgage representation and warranty losses	$ (27)	$ 11	$ (46)	$ (36)

Commitments, Contingencies, Guarantees, and Others - Schedule of Allocation of Representation and Warranty Reserves (Details) $ in Millions	3 Months Ended		6 Months Ended		49 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Feb. 28, 2009 Subsidiary	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Loss Contingencies [Line Items]
Number of subsidiaries acquired that originated residential mortgage loans \| Subsidiary					3
Subsidiaries \| 2005 to 2008 Year
Loss Contingencies [Line Items]
Loans sold 2005 to 2008	$ 111,000		$ 111,000
Subsidiaries \| GSEs and Active Insured Securitizations
Loss Contingencies [Line Items]
Loans sold 2005 to 2008	27,000		27,000
Subsidiaries \| Inactive Insured Securitizations and Others
Loss Contingencies [Line Items]
Loans sold 2005 to 2008	84,000		84,000
Subsidiaries \| Government-sponsored enterprises (“GSEs”) \| 2005 to 2008 Year
Loss Contingencies [Line Items]
Loans sold 2005 to 2008	11,000		11,000
Subsidiaries \| Insured Securitizations \| 2005 to 2008 Year
Loss Contingencies [Line Items]
Loans sold 2005 to 2008	20,000		20,000
Original principal balance, sold to third party with repurchase requests	16,000		16,000
Original principal balance, sold to third party without repurchase requests	4,000		4,000
Subsidiaries \| Uninsured Securitizations \| 2005 to 2008 Year
Loss Contingencies [Line Items]
Loans sold 2005 to 2008	48,000		48,000
Subsidiaries \| Private Investors \| 2005 to 2008 Year
Loss Contingencies [Line Items]
Loans sold 2005 to 2008	22,000		22,000
Subsidiaries \| Representation and Warranty Liability [Member]
Loss Contingencies [Line Items]
Reserve liability	636	$ 1,012	636	$ 1,012		$ 673	$ 731	$ 1,128	$ 1,172
Loss Contingency Accrual, Provision	(36)	(18)	(54)	(51)
Loss Contingency, Range of Possible Loss, Portion Not Accrued	1,600		1,600				2,100
Net realized losses	(1)	$ (98)	(41)	$ (109)
Subsidiaries \| Representation and Warranty Liability [Member] \| GSEs and Active Insured Securitizations
Loss Contingencies [Line Items]
Reserve liability	486		486				499
Subsidiaries \| Representation and Warranty Liability [Member] \| Inactive Insured Securitizations and Others
Loss Contingencies [Line Items]
Reserve liability	$ 150		$ 150				$ 232

Commitments, Contingencies, Guarantees, and Others - Litigation (Details)	1 Months Ended					3 Months Ended
	Apr. 30, 2014 patent	Jan. 31, 2014 claim	Dec. 31, 2013 claim patent	Jul. 31, 2012 USD ($)	Feb. 28, 2009 USD ($) Contract MortgageLoan	Jul. 31, 2012 USD ($) summon trust	Mar. 31, 2008 USD ($)	Jun. 30, 2015 USD ($)	Jul. 31, 2013 USD ($)
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss								$ 250,000,000
Interchange Litigation
Loss Contingencies [Line Items]
Indemnification guarantees fair value								$ 0
Intellectual Ventures Corp
Loss Contingencies [Line Items]
Number of claims dismissed \| claim		1	2
Pending Litigation \| Interchange Litigation
Loss Contingencies [Line Items]
Litigation settlement, attributable to reporting entity and third party				$ 6,600,000,000
Litigation settlement, attributable to reporting entity and third party, percent of transactions				0.10%
Litigation settlement, attributable to reporting entity and third party, period of payment of settlement				8 months
Loss accrual increase (decrease)							$ (91,000,000)
Pending Litigation \| Intellectual Ventures Corp
Loss Contingencies [Line Items]
Number of patents not infringed \| patent	2		1
GreenPoint Subsidiary \| Pending Litigation \| U.S. Bank Litigation
Loss Contingencies [Line Items]
Number of contracts breached \| Contract					2
Number of mortgage loans sold to third party under litigation \| MortgageLoan					30,000
Mortgage loans sold to third party, face amount under litigation					$ 1,800,000,000
GreenPoint Subsidiary \| Pending Litigation \| FHFA Litigation
Loss Contingencies [Line Items]
Mortgage loans sold to third party, face amount under litigation				$ 3,400,000,000		$ 3,400,000,000
Number of summons filed \| summon						3
Number of residential mortgage backed securities trusts \| trust						3
GreenPoint Subsidiary \| Pending Litigation \| LXS Trust Litigation
Loss Contingencies [Line Items]
Mortgage loans sold to third party, face amount under litigation									$ 915,000,000

Loans - Loan Portfolio Composition and Aging Analysis (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 183,186	$ 178,746
Past due	5,549	6,070
Loans held for investment	$ 209,705	$ 208,316	$ 198,528
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Financing Receivable, Percent Current	87.35%	85.81%
Total Delinquent Loans (as percent)	2.65%	2.91%
Total Loans (as percent)	100.00%	100.00%
Loans and Leases Receivable, Deferred Income	$ 935	$ 1,100
Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	84,690	83,021
Past due	2,513	2,832
Loans held for investment	$ 87,203	$ 85,876
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	2.88%	3.30%
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 47,658	$ 45,130
Past due	2,702	3,024
Loans held for investment	$ 71,176	$ 71,439
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	3.80%	4.23%
Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 37,598	$ 35,142
Past due	2,393	2,682
Loans held for investment	$ 39,991	$ 37,824
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	5.98%	7.09%
Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 6,553	$ 6,492
Past due	263	302
Loans held for investment	$ 27,595	$ 30,035
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	0.95%	1.01%
Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 3,507	$ 3,496
Past due	46	40
Loans held for investment	$ 3,590	$ 3,580
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	1.28%	1.11%
Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 50,756	$ 50,498
Past due	321	200
Loans held for investment	51,231	50,890
Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	50,076	49,727
Past due	316	190
Loans held for investment	50,546	50,109
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	22,809	22,974
Past due	40	117
Loans held for investment	22,886	23,137
Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	27,267	26,753
Past due	276	73
Loans held for investment	27,660	26,972
Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	680	771
Past due	5	10
Loans held for investment	685	781
Other
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	82	97
Past due	13	14
Loans held for investment	95	111
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	$ 20,970	$ 23,500
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Loans (as percent)	10.00%	11.28%
Receivables Acquired with Deteriorated Credit Quality [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	$ 0	$ 23
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	20,816	23,285
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	0
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	20,779	23,241
Receivables Acquired with Deteriorated Credit Quality [Member] \| Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	37	44
Receivables Acquired with Deteriorated Credit Quality [Member] \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	154	192
Receivables Acquired with Deteriorated Credit Quality [Member] \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	154	192
Receivables Acquired with Deteriorated Credit Quality [Member] \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	37	46
Receivables Acquired with Deteriorated Credit Quality [Member] \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	117	146
Receivables Acquired with Deteriorated Credit Quality [Member] \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	0
Receivables Acquired with Deteriorated Credit Quality [Member] \| Other
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	0
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 2,645	$ 2,841
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	1.26%	1.36%
Financing Receivables, 30 to 59 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 885	$ 904
Financing Receivables, 30 to 59 Days Past Due [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	1,634	1,825
Financing Receivables, 30 to 59 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	1,573	1,751
Financing Receivables, 30 to 59 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	45	57
Financing Receivables, 30 to 59 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	16	17
Financing Receivables, 30 to 59 Days Past Due [Member] \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	122	109
Financing Receivables, 30 to 59 Days Past Due [Member] \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	120	103
Financing Receivables, 30 to 59 Days Past Due [Member] \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	19	74
Financing Receivables, 30 to 59 Days Past Due [Member] \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	101	29
Financing Receivables, 30 to 59 Days Past Due [Member] \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	2	6
Financing Receivables, 30 to 59 Days Past Due [Member] \| Other
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	4	3
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 1,262	$ 1,424
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	0.60%	0.68%
Financing Receivables, 60 to 89 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 549	$ 636
Financing Receivables, 60 to 89 Days Past Due [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	697	768
Financing Receivables, 60 to 89 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	660	734
Financing Receivables, 60 to 89 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	27	27
Financing Receivables, 60 to 89 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	10	7
Financing Receivables, 60 to 89 Days Past Due [Member] \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	14	18
Financing Receivables, 60 to 89 Days Past Due [Member] \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	12	17
Financing Receivables, 60 to 89 Days Past Due [Member] \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	0	7
Financing Receivables, 60 to 89 Days Past Due [Member] \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	12	10
Financing Receivables, 60 to 89 Days Past Due [Member] \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	2	1
Financing Receivables, 60 to 89 Days Past Due [Member] \| Other
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	2	2
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 1,642	$ 1,805
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	0.79%	0.87%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 1,079	$ 1,292
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	1.24%	1.50%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 371	$ 431
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	0.52%	0.60%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 160	$ 197
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	0.40%	0.52%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Home loan
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 191	$ 218
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	0.69%	0.73%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Consumer Portfolio Segment [Member] \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 20	$ 16
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Total Delinquent Loans (as percent)	0.55%	0.44%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 185	$ 73
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	184	70
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	21	36
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	163	34
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	1	3
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Other
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	7	9
Geographic Distribution, Domestic [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	76,741	75,143
Past due	2,243	2,538
Loans held for investment	78,984	77,704
Geographic Distribution, Domestic [Member] \| Credit Card Portfolio Segment [Member] \| Installment loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Gross	107	144
Geographic Distribution, Domestic [Member] \| Receivables Acquired with Deteriorated Credit Quality [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	23
Geographic Distribution, Domestic [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	777	790
Geographic Distribution, Domestic [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	489	567
Geographic Distribution, Domestic [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	977	1,181
Geographic Distribution, Foreign [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	7,949	7,878
Past due	270	294
Loans held for investment	8,219	8,172
Geographic Distribution, Foreign [Member] \| Receivables Acquired with Deteriorated Credit Quality [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	0
Geographic Distribution, Foreign [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	108	114
Geographic Distribution, Foreign [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	60	69
Geographic Distribution, Foreign [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Credit Card Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 102	$ 111