View Filing Data

Print Document View Excel Document

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2019 shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	COF
Entity Registrant Name	CAPITAL ONE FINANCIAL CORP
Entity Central Index Key	0000927628
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding	469,596,514

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Loans, including loans held for sale	$ 6,368	$ 6,134
Investment securities	655	452
Other	69	51
Total interest income	7,092	6,637
Interest expense:
Deposits	817	539
Securitized debt obligations	143	107
Senior and subordinated notes	314	251
Other borrowings	27	22
Total interest expense	1,301	919
Net interest income	5,791	5,718
Provision for credit losses	1,693	1,674
Net interest income after provision for credit losses	4,098	4,044
Non-interest income:
Interchange fees, net	758	643
Service charges and other customer-related fees	353	432
Net securities gains	24	8
Other	157	108
Total non-interest income	1,292	1,191
Non-interest expense:
Salaries and associate benefits	1,573	1,520
Occupancy and equipment	493	490
Marketing	517	414
Professional services	291	210
Communications and data processing	303	306
Amortization of intangibles	30	44
Other	464	589
Total non-interest expense	3,671	3,573
Income from continuing operations before income taxes	1,719	1,662
Income tax provision	309	319
Income from continuing operations, net of tax	1,410	1,343
Income from discontinued operations, net of tax	2	3
Net income	1,412	1,346
Dividends and undistributed earnings allocated to participating securities	(12)	(10)
Preferred stock dividends	(52)	(52)
Net income available to common stockholders	$ 1,348	$ 1,284
Basic earnings per common share:
Net income from continuing operations	$ 2.87	$ 2.63
Income from discontinued operations	0.00	0.01
Net income per basic common share	2.87	2.64
Diluted earnings per common share:
Net income from continuing operations	2.86	2.61
Income from discontinued operations	0.00	0.01
Net income per diluted common share	$ 2.86	$ 2.62

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,412	$ 1,346
After Tax
Net unrealized gains (losses) on securities available for sale	292	(585)
Net changes in securities held to maturity	6	425
Net unrealized gains (losses) on cash flow hedges	277	(318)
Foreign currency translation adjustments	30	7
Other	(2)	(1)
Other comprehensive income (loss), net of tax	603	(472)
Comprehensive income	$ 2,015	$ 874

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Cash and cash equivalents:
Cash and due from banks	$ 4,572	$ 4,768
Interest-bearing deposits and other short-term investments	12,897	8,418
Total cash and cash equivalents	17,469	13,186
Restricted cash for securitization investors	1,969	303
Securities available for sale	45,888	46,150
Securities held to maturity	36,503	36,771
Total investment securities	82,391	82,921
Loans held for investment:
Total loans held for investment	240,273	245,899
Allowance for loan and lease losses	(7,313)	(7,220)
Net loans held for investment	232,960	238,679
Loans held for sale, at lower of cost or fair value	905	1,192
Premises and equipment, net	4,205	4,191
Interest receivable	1,615	1,614
Goodwill	14,546	14,544
Other assets	17,131	15,908
Total assets	373,191	372,538
Liabilities:
Interest payable	382	458
Deposits:
Non-interest-bearing deposits	24,908	23,483
Interest-bearing deposits	230,199	226,281
Total deposits	255,107	249,764
Securitized debt obligations	19,273	18,307
Other debt:
Federal funds purchased and securities loaned or sold under agreements to repurchase	335	352
Senior and subordinated notes	30,645	30,826
Other borrowings	105	9,420
Total other debt	31,085	40,598
Other liabilities	13,863	11,743
Total liabilities	319,710	320,870
Stockholders’ equity:
Preferred stock (par value $.01 per share; 50,000,000 shares authorized; 4,475,000 shares issued and outstanding as of both March 31, 2019 and December 31, 2018)	0	0
Common stock (par value $.01 per share; 1,000,000,000 shares authorized; 670,648,404 and 667,969,069 shares issued as of March 31, 2019 and December 31, 2018, respectively, 469,596,514 and 467,717,306 shares outstanding as of March 31, 2019 and December 31, 2018, respectively)	7	7
Additional paid-in capital, net	32,160	32,040
Retained earnings	37,030	35,875
Accumulated other comprehensive loss	(660)	(1,263)
Treasury stock, at cost (par value $.01 per share; 201,051,890 and 200,251,763 shares as of March 31, 2019 and December 31, 2018, respectively)	(15,056)	(14,991)
Total stockholders’ equity	53,481	51,668
Total liabilities and stockholders’ equity	373,191	372,538
Loans held in consolidated trusts
Loans held for investment:
Total loans held for investment	31,682	34,197
Unsecuritized loans held for investment
Loans held for investment:
Total loans held for investment	$ 208,591	$ 211,702

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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	4,475,000	4,475,000
Preferred stock, shares outstanding	4,475,000	4,475,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	670,648,404	667,969,069
Common stock, shares outstanding	469,596,514	467,717,306
Treasury stock, par value	$ 0.01	$ 0.01
Treasury stock, common, shares	201,051,890	200,251,763

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance at Dec. 31, 2017	$ 48,730	$ 0	$ 7	$ 31,656	$ 30,700	$ (926)	$ (12,707)
Beginning balance (shares) at Dec. 31, 2017		4,475,000	661,724,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effects from adoption of new lease standard	0				201	(201)
Comprehensive income (loss)	874				1,346	(472)
Common Stock Dividends, Shares			22,467
Dividends, Common Stock	(197)		$ 0		(199)
Dividends, Share-based Compensation, Stock				2
Cash dividends - preferred series	(52)				(52)
Purchases of treasury stock	(273)						(273)
Issuances of common stock and restricted stock, shares, net of forfeitures			2,452,786
Issuances of common stock and restricted stock, value, net of forfeitures	49		$ 0	49
Exercise of stock options and warrants, tax effects of exercises and restricted stock vesting, shares			675,871
Exercise of stock options and warrants, tax effects of exercises and restricted stock vesting, value	14		$ 0	14
Compensation expense for restricted stock units and stock options	58			58
Ending balance at Mar. 31, 2018	49,203	$ 0	$ 7	31,779	31,996	(1,599)	(12,980)
Ending balance (shares) at Mar. 31, 2018		4,475,000	664,876,051
Beginning balance at Dec. 31, 2018	51,668	$ 0	$ 7	32,040	35,875	(1,263)	(14,991)
Beginning balance (shares) at Dec. 31, 2018		4,475,000	667,969,069
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effects from adoption of new lease standard	(11)				(11)
Comprehensive income (loss)	2,015				1,412	603
Common Stock Dividends, Shares			32,700
Dividends, Common Stock	(191)		$ 0		(194)
Dividends, Share-based Compensation, Stock				3
Cash dividends - preferred series	(52)				(52)
Purchases of treasury stock	(65)						(65)
Issuances of common stock and restricted stock, shares, net of forfeitures			2,641,635
Issuances of common stock and restricted stock, value, net of forfeitures	52		$ 0	52
Exercise of stock options and warrants, tax effects of exercises and restricted stock vesting, shares			5,000
Exercise of stock options and warrants, tax effects of exercises and restricted stock vesting, value	0		$ 0	0
Compensation expense for restricted stock units and stock options	65			65
Ending balance at Mar. 31, 2019	$ 53,481	$ 0	$ 7	$ 32,160	$ 37,030	$ (660)	$ (15,056)
Ending balance (shares) at Mar. 31, 2019		4,475,000	670,648,404

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.40	$ 0.40

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Income from continuing operations, net of tax	$ 1,410	$ 1,343
Income from discontinued operations, net of tax	2	3
Net income	1,412	1,346
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	1,693	1,674
Depreciation and amortization, net	704	550
Deferred tax provision	61	40
Net securities gains	(24)	(8)
Gain on sales of loans	(6)	(27)
Stock-based compensation expense	72	67
Loans held for sale:
Originations and purchases	(1,877)	(1,916)
Proceeds from sales and paydowns	2,467	1,273
Changes in operating assets and liabilities:
Changes in interest receivable	(1)	40
Changes in other assets	899	267
Changes in interest payable	(76)	(60)
Changes in other liabilities	(443)	(1,639)
Net cash from operating activities	4,881	1,607
Securities available for sale:
Purchases	(2,879)	(3,838)
Proceeds from paydowns and maturities	1,526	1,819
Proceeds from sales	3,074	1,058
Securities held to maturity:
Purchases	(365)	(3,239)
Proceeds from paydowns and maturities	619	541
Loans:
Net changes in loans held for investment	2,969	3,989
Principal recoveries of loans previously charged off	674	658
Net purchases of premises and equipment	(183)	(205)
Net cash from other investing activities	(422)	(101)
Net cash from investing activities	5,013	682
Financing activities:
Changes in deposits	5,243	7,290
Issuance of securitized debt obligations	1,496	0
Maturities and paydowns of securitized debt obligations	(589)	(1,250)
Issuance of senior and subordinated notes and long-term FHLB advances	1,243	3,234
Maturities and paydowns of senior and subordinated notes and long-term FHLB advances	(2,000)	(11,206)
Changes in other borrowings	(9,082)	67
Common stock:
Net proceeds from issuances	52	49
Dividends paid	(191)	(197)
Preferred stock:
Dividends paid	(52)	(52)
Purchases of treasury stock	(65)	(273)
Proceeds from share-based payment activities	0	14
Net cash from financing activities	(3,945)	(2,324)
Changes in cash, cash equivalents and restricted cash for securitization investors	5,949	(35)
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period	13,489	14,352
Cash, cash equivalents and restricted cash for securitization investors, end of the period	19,438	14,317
Non-cash items:
Net transfers from loans held for investment to loans held for sale	358	177
Interest paid	1,248	936
Income tax paid	$ 70	$ 53

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

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 March 31, 2019, 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 is 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 organized for management reporting purposes into three major business segments, which are defined primarily 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, if any, into our business segments and the allocation methodologies and accounting policies used to derive our business segment results in “Note 13—Business Segments and Revenue from Contracts with Customers.”

Basis of Presentation and Use of Estimates

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”). The preparation of the consolidated 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 judgments, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair statement of this interim financial information. Certain prior period amounts have been reclassified to conform to the current period presentation.

These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements, and related notes thereto, included in Capital One Financial Corporation’s 2018 Annual Report on Form 10-K (“2018 Form 10-K”).

Newly Adopted Accounting Standards



Standard	Guidance	Adoption Timing and Financial Statements Impacts
Premium Amortization on Callable Debt Accounting Standards Update (“ASU”) No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities Issued March 2017	Shortens the amortization period from the contractual life to the earliest call date for certain purchased callable debt securities held at a premium.	We adopted this guidance in the first quarter of 2019 using the modified retrospective method of adoption. Our adoption of this standard did not have a material impact on our consolidated financial statements.

Leases ASU No. 2016-02, Leases (Topic 842) Issued February 2016	Requires lessees to recognize right of use assets and lease liabilities on their consolidated balance sheets and disclose key information about all their leasing arrangements, with certain practical expedients.	We adopted this guidance in the first quarter of 2019, using the modified retrospective method of adoption without restating prior periods. We elected the practical expedients that permitted us to not reassess the lease classification of existing leases, whether existing contracts contain a lease or the treatment of initial direct costs on existing leases. Upon adoption, we recorded a lease liability of $1.9 billion and right of use asset of $1.6 billion, which is net of other lease-related balances.

Accounting Standards Issued but Not Adopted as of March 31, 2019



Standard	Guidance	Adoption Timing and Financial Statements Impacts
Cloud Computing ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract Issued August 2018	Aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license).	Effective January 1, 2020, with early adoption permitted, using either the retrospective or prospective method of adoption. We plan to adopt the standard on its effective date and are currently evaluating the expected impact of such adoption.

Goodwill Impairment Test Simplification ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Issued January 2017	Eliminates the second step from the current goodwill impairment test. Under the current guidance, the first step compares a reporting unit’s carrying value to its fair value. If the carrying value exceeds fair value, an entity performs the second step, which assigns the reporting unit’s fair value to its assets and liabilities, including unrecognized assets and liabilities, in the same manner as required in purchase accounting. Under the new guidance, any impairment of a reporting unit’s goodwill is determined based on the amount by which the reporting unit’s carrying value exceeds its fair value, limited to the amount of goodwill allocated to the reporting unit.	Effective January 1, 2020, with early adoption permitted, using the prospective method of adoption. We plan to adopt the standard on its effective date and do not expect such adoption to have a material impact on our consolidated financial statements.



Standard	Guidance	Adoption Timing and Financial Statements Impacts
Current Expected Credit Loss (“CECL”) ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Issued June 2016	Requires the use of current expected credit loss model that is based on expected rather than incurred losses to determine our allowance for credit losses on financial assets measured at amortized cost, certain net investments in leases and certain off-balance sheet arrangements. Replaces current accounting for PCI and impaired loans. Amends the other-than-temporary impairment model for available for sale debt securities to require that credit losses (and subsequent recoveries) be recorded through an allowance approach, rather than through permanent write-downs for credit losses and subsequent accretion of positive changes through interest income over time.	Effective January 1, 2020, with early adoption permitted no earlier than January 1, 2019, using the modified retrospective method of adoption. We plan to adopt the standard on its effective date. We have established a company-wide, cross-functional governance structure for our implementation of this standard. We continue to evaluate industry accounting interpretations, data requirements and necessary changes to our credit loss estimation methods, processes, systems and controls. We have commenced limited parallel testing and expect to perform multiple tests of our full end-to-end allowance process prior to adopting the standard. We continue to assess the potential impact on our consolidated financial statements, related disclosures and regulatory capital. We currently expect our adoption of this guidance will result in an increase to our reserves for credit losses on financial instruments due to the requirement to record expected losses over the remaining contractual lives of our financial instruments; however, the actual impact will depend on the characteristics of our financial instruments, economic conditions, and our economic and loss forecasts at the adoption date.

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

NOTE 2—LEASES

Leases

In the first quarter of 2019, we adopted ASU No. 2016-02, Leases (Topic 842). See “Note 1—Summary of Significant Accounting Policies” for the impacts upon adoption. Our primary involvement with leases is in the capacity as a lessee where we lease premises to support our business. A majority of our leases are operating leases of office space, retail bank branches and Cafés. For these leases, we have elected to account for the lease and non-lease components together as a single lease component. Our operating leases expire at various dates through 2071 without taking into consideration available renewal options, and many of them require variable lease payments by us, of property taxes, insurance premiums, common area maintenance and other costs. Certain of these leases also have extension or termination options, and we assess the likelihood of exercising such options. If it is reasonably certain that we will exercise the options, we include the impact in the measurement of our right-of-use assets and lease liabilities.

Our right-of-use assets and lease liabilities for operating leases are included in other assets and other liabilities on our consolidated balance sheet. As most of our operating leases do not provide an implicit rate, we use our incremental borrowing rate in determining the present value of lease payments. Our operating lease expense is included in occupancy and equipment within non-interest expense in our consolidated statements of income. Total operating lease expense consists of operating lease cost, which is recognized on a straight-line basis over the lease term, and variable lease cost, which is recognized based on actual amounts incurred. We also sublease certain premises and sublease income is included in other non-interest income.

The following tables present our operating lease portfolio and related lease costs as of and for the three months ended March 31, 2019.

Table 2.1 Operating Lease Portfolio



(Dollars in millions)	March 31, 2019
Right-of-use assets	$	1,547
Lease liabilities	1,836
Weighted average remaining lease term	9.2 years
Weighted average discount rate	3.3		%

Table 2.2 Total Operating Lease Expense and Other Information



(Dollars in millions)	Three Months Ended March 31, 2019
Operating lease cost	$	65
Variable lease cost	11
Total lease cost	76
Sublease income	(6		)
Net lease cost	$	70
Cash paid for amounts included in the measurement of lease liabilities	$	82
Right-of-use assets obtained in exchange for lease liabilities	15
Right-of-use assets recognized upon adoption of new lease standard	1,601

The following table presents a maturity analysis of our operating leases and a reconciliation of the undiscounted cash flows to our lease liabilities as of March 31, 2019.

Table 2.3 Maturities of Operating Leases and Reconciliation to Lease Liabilities



(Dollars in millions)	March 31, 2019
2019	$	230
2020	296
2021	266
2022	240
2023	211
Thereafter	928
Total undiscounted lease payments	2,171
Less: Imputed interest	(335		)
Total lease liabilities	$	1,836

As of March 31, 2019, we had approximately $79 million and $83 million of right-of-use assets and lease liabilities, respectively, for finance leases with a weighted average remaining lease term of 6.6 years. These right-of-use assets and lease liabilities are included in premises and equipment, net and other borrowings on our consolidated balance sheets. We recognized $5 million of total finance lease expense for the three months ended March 31, 2019.

Investment Securities

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Investment Securities

NOTE 3—INVESTMENT SECURITIES

Our investment securities portfolio consists primarily of the following: U.S. Treasury securities; U.S. government-sponsored enterprise or agency (“Agency”) and non-agency residential mortgage-backed securities (“RMBS”); Agency commercial mortgage-backed securities (“CMBS”); and other securities. Agency securities include Government National Mortgage Association (“Ginnie Mae”) guaranteed securities, Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”) issued securities. The carrying value of our investments in U.S. Treasury and Agency securities represented 96% of our total investment securities as of both March 31, 2019 and December 31, 2018.

We classify investment securities as either available for sale or held to maturity. As of March 31, 2019 and December 31, 2018, we had investment securities available for sale of $45.9 billion and $46.2 billion, respectively, and securities held to maturity of $36.5 billion and $36.8 billion, respectively.

The table below presents the amortized cost, gross unrealized gains and losses, and fair value of securities available for sale as of March 31, 2019 and December 31, 2018.

Table 3.1: Investment Securities Available for Sale



	March 31, 2019
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	4,136	$	1	$	(10	)	$	4,127
RMBS:
Agency	33,621		111		(587		)	33,145
Non-agency	1,404		318		(2		)	1,720
Total RMBS	35,025		429		(589		)	34,865
Agency CMBS	5,346		24		(48		)	5,322
Other securities⁽¹⁾	1,575		3		(4		)	1,574
Total investment securities available for sale	$	46,082	$	457	$	(651	)	$	45,888



	December 31, 2018
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	6,146	$	15	$	(17	)	$	6,144
RMBS:
Agency	32,710		62		(869		)	31,903
Non-agency	1,440		304		(2		)	1,742
Total RMBS	34,150		366		(871		)	33,645
Agency CMBS	4,806		11		(78		)	4,739
Other securities⁽¹⁾	1,626		2		(6		)	1,622
Total investment securities available for sale	$	46,728	$	394	$	(972	)	$	46,150

__________


⁽¹⁾	Includes primarily supranational bonds, foreign government bonds and other asset-backed securities.

The table below presents the amortized cost, carrying value, gross unrealized gains and losses, and fair value of securities held to maturity as of March 31, 2019 and December 31, 2018.

Table 3.2: Investment Securities Held to Maturity



	March 31, 2019
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Agency RMBS	$	32,899	$	(231	)	$	32,668	$	608	$	(169	)	$	33,107
Agency CMBS	3,848		(13		)	3,835		50		(37		)	3,848
Total investment securities held to maturity	$	36,747	$	(244	)	$	36,503	$	658	$	(206	)	$	36,955



	December 31, 2018
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Agency RMBS	$	33,299	$	(238	)	$	33,061	$	293	$	(377	)	$	32,977
Agency CMBS	3,723		(13		)	3,710		21		(89		)	3,642
Total investment securities held to maturity	$	37,022	$	(251	)	$	36,771	$	314	$	(466	)	$	36,619

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 March 31, 2019 and December 31, 2018.

Table 3.3: Securities in a Gross Unrealized Loss Position



	March 31, 2019
	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	$	2,583	$	(5	)	$	1,085	$	(5	)	$	3,668	$	(10	)
RMBS:
Agency	1,666		(8		)	21,986		(579		)	23,652		(587		)
Non-agency	61		(1		)	9		(1		)	70		(2		)
Total RMBS	1,727		(9		)	21,995		(580		)	23,722		(589		)
Agency CMBS	499		(2		)	2,396		(46		)	2,895		(48		)
Other securities	309		(1		)	475		(3		)	784		(4		)
Total investment securities available for sale in a gross unrealized loss position	$	5,118	$	(17	)	$	25,951	$	(634	)	$	31,069	$	(651	)



	December 31, 2018
	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	$	2,543	$	(3	)	$	1,076	$	(14	)	$	3,619	$	(17	)
RMBS:
Agency	7,863		(260		)	18,118		(609		)	25,981		(869		)
Non-agency	89		(2		)	10		0			99		(2		)
Total RMBS	7,952		(262		)	18,128		(609		)	26,080		(871		)
Agency CMBS	2,004		(31		)	1,540		(47		)	3,544		(78		)
Other securities	244		(1		)	678		(5		)	922		(6		)
Total investment securities available for sale in a gross unrealized loss position	$	12,743	$	(297	)	$	21,422	$	(675	)	$	34,165	$	(972	)

As of March 31, 2019, the amortized cost of approximately 1,130 securities available for sale exceeded their fair value by $651 million, of which $634 million related to securities that had been in a loss position for 12 months or longer. As of March 31, 2019, the carrying value of approximately 250 securities classified as held to maturity exceeded their fair value by $206 million.

Maturities and Yields of Investment Securities

The table below summarizes, by major security type, the contractual maturities and weighted-average yields of our investment securities as of March 31, 2019. 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 below. The weighted-average yield below represents the effective yield for the investment securities and is calculated based on the amortized cost of each security.

Table 3.4: Contractual Maturities and Weighted-Average Yields of Securities



	March 31, 2019
(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	$	448		$	294		$	3,385		$	0		$	4,127
RMBS⁽¹⁾:
Agency	7			21			780			32,337			33,145
Non-agency	0			0			0			1,720			1,720
Total RMBS	7			21			780			34,057			34,865
Agency CMBS⁽¹⁾	10			1,684			2,380			1,248			5,322
Other securities	247			1,037			272			18			1,574
Total securities available for sale	$	712		$	3,036		$	6,817		$	35,323		$	45,888
Amortized cost of securities available for sale	$	713		$	3,053		$	6,814		$	35,502		$	46,082
Weighted-average yield for securities available for sale	1.57		%	2.46		%	2.71		%	3.30		%	3.13		%
Carrying value of securities held to maturity:
Agency RMBS⁽¹⁾	$	0		$	0		$	89		$	32,579		$	32,668
Agency CMBS⁽¹⁾	0			68			676			3,091			3,835
Total securities held to maturity	$	0		$	68		$	765		$	35,670		$	36,503
Fair value of securities held to maturity	$	0		$	70		$	773		$	36,112		$	36,955
Weighted-average yield for securities held to maturity	N/A			3.55		%	3.16		%	3.37		%	3.36		%

__________


⁽¹⁾	As of March 31, 2019, the weighted-average expected maturities of RMBS and Agency CMBS are 5.9 years and 5.6 years, respectively.

Other-Than-Temporary Impairment

We evaluate all securities in an unrealized loss position at least quarterly, 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 March 31, 2019, we had sold all securities previously designated with the intent to sell, and did not intend to sell, nor believe that we will be required to sell, any other security in an unrealized loss position prior to the recovery of its amortized cost basis.

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 at the security’s effective yield.

Realized Gains and Losses on Securities and OTTI Recognized in Earnings

The following table presents the gross realized gains or losses and proceeds from the sale of securities available for sale for the three months ended March 31, 2019 and 2018. We did not recognize any OTTI and did not sell any investment securities that are classified as held to maturity for the three months ended March 31, 2019 and 2018.

Table 3.5: Realized Gains on Securities



	Three Months Ended March 31,
(Dollars in millions)	2019		2018
Realized gains:
Gross realized gains	$	24	$	8
Net securities gains	$	24	$	8
Total proceeds from sales	$	3,074	$	1,058

The cumulative credit loss component of the OTTI losses that have been recognized in our consolidated statements of income related to the securities that we do not intend to sell was $140 million as of both March 31, 2019 and December 31, 2018.

Securities Pledged and Received

We pledged securities available for sale and held to maturity totaling $15.9 billion and $16.3 billion as of March 31, 2019 and December 31, 2018, respectively. These securities are pledged to primarily secure FHLB advances and Public Funds deposits, as well as for other purposes as required or permitted by law. We accepted pledges of securities with a fair value of $1 million as of both March 31, 2019 and December 31, 2018, primarily related to our derivative transactions.

Purchased Credit-Impaired Debt Securities

The table below presents the outstanding balance and carrying value of the purchased credit-impaired debt securities as of March 31, 2019 and December 31, 2018.

Table 3.6: Outstanding Balance and Carrying Value of Purchased Credit-Impaired Debt Securities



(Dollars in millions)	March 31, 2019		December 31, 2018
Outstanding balance	$	1,723	$	1,784
Carrying value	1,522		1,537

Changes in Accretable Yield of Purchased Credit-Impaired Debt Securities

The following table presents changes in the accretable yield related to the purchased credit-impaired debt securities for the three months ended March 31, 2019 and 2018.

Table 3.7: Changes in the Accretable Yield of Purchased Credit-Impaired Debt Securities



	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Accretable yield, beginning of period	$	698		$	826
Accretion recognized in earnings	(43		)	(39		)
Reduction due to payoffs, disposals, transfers and other	(1		)	(1		)
Net reclassifications (to) from nonaccretable difference	(18		)	8
Accretable yield, end of period	$	636		$	794

Loans

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Loans

NOTE 4—LOANS

Loan Portfolio Composition

Our loan portfolio consists of loans held for investment, including loans held in our consolidated trusts, and loans held for sale, and is divided into three portfolio segments: credit card, consumer banking and commercial banking. Credit card loans consist of domestic and international credit card loans. Consumer banking loans consist of auto and retail banking loans and in prior periods also consisted of home loans. Commercial banking loans primarily consist of commercial and multifamily real estate as well as commercial and industrial loans. We sold all of our consumer home loan portfolio and the related servicing during 2018. The information presented in this section excludes loans held for sale, which are carried at lower of cost or fair value.

Credit Quality

We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk. Trends in delinquency rates 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 commercial loans.The table below presents the composition and an aging analysis of our loans held for investment portfolio as of March 31, 2019 and December 31, 2018. The delinquency aging includes all past due loans, both performing and nonperforming.

Table 4.1: Loan Portfolio Composition and Aging Analysis



	March 31, 2019
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans
Credit Card:
Domestic credit card	$	97,295		$	1,029		$	780		$	1,948		$	3,757		$	0		$	101,052
International card businesses	8,451			124			78			131			333			0			8,784
Total credit card	105,746			1,153			858			2,079			4,090			0			109,836
Consumer Banking:
Auto	52,921			2,321			971			231			3,523			0			56,444
Retail banking	2,755			21			6			19			46			3			2,804
Total consumer banking	55,676			2,342			977			250			3,569			3			59,248
Commercial Banking:
Commercial and multifamily real estate	28,881			37			33			11			81			22			28,984
Commercial and industrial	41,662			217			84			133			434			101			42,197
Total commercial lending	70,543			254			117			144			515			123			71,181
Small-ticket commercial real estate	1			1			0			6			7			0			8
Total commercial banking	70,544			255			117			150			522			123			71,189
Total loans⁽¹⁾	$	231,966		$	3,750		$	1,952		$	2,479		$	8,181		$	126		$	240,273
% of Total loans	96.5		%	1.6		%	0.8		%	1.0		%	3.4		%	0.1		%	100.0		%



	December 31, 2018
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans
Credit Card:
Domestic credit card	$	103,014		$	1,270		$	954		$	2,111		$	4,335		$	1		$	107,350
International card businesses	8,678			127			78			128			333			0			9,011
Total credit card	111,692			1,397			1,032			2,239			4,668			1			116,361
Consumer Banking:
Auto	52,032			2,624			1,326			359			4,309			0			56,341
Retail banking	2,809			23			8			20			51			4			2,864
Total consumer banking	54,841			2,647			1,334			379			4,360			4			59,205
Commercial Banking:
Commercial and multifamily real estate	28,737			101			20			19			140			22			28,899
Commercial and industrial	40,704			135			43			101			279			108			41,091
Total commercial lending	69,441			236			63			120			419			130			69,990
Small-ticket commercial real estate	336			2			1			4			7			0			343
Total commercial banking	69,777			238			64			124			426			130			70,333
Total loans⁽¹⁾	$	236,310		$	4,282		$	2,430		$	2,742		$	9,454		$	135		$	245,899
% of Total loans	96.1		%	1.7		%	1.0		%	1.1		%	3.8		%	0.1		%	100.0		%

__________


⁽¹⁾	Loans, other than PCI loans, include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $870 million and $818 million as of March 31, 2019 and December 31, 2018, respectively.

We pledged loan collateral of $15.3 billion and $15.8 billion to secure a portion of our FHLB borrowing capacity of $18.8 billion and $19.3 billion as of March 31, 2019 and December 31, 2018, respectively. We also pledged loan collateral of $8.4 billion and $9.2 billion to secure our Federal Reserve Discount Window borrowing capacity of $7.0 billion and $7.6 billion as of March 31, 2019 and December 31, 2018, respectively. In addition to loans pledged, we securitized a portion of our credit card loans. See “Note 6—Variable Interest Entities and Securitizations” for additional information.The following table presents the outstanding balance of loans 90 days or more past due that continue to accrue interest and loans classified as nonperforming as of March 31, 2019 and December 31, 2018. Nonperforming loans generally include loans that have been placed on nonaccrual status. PCI loans are excluded from the table below. See “Note 1—Summary of Significant Accounting Policies” in our 2018 Form 10-K for additional information on our policies for nonperforming loans and accounting for PCI loans.

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



	March 31, 2019				December 31, 2018
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Credit Card:
Domestic credit card	$	1,948	N/A		$	2,111	N/A
International card businesses	124		$	23	122		$	22
Total credit card	2,072		23		2,233		22
Consumer Banking:
Auto	0		321		0		449
Retail banking	0		31		0		30
Total consumer banking	0		352		0		479



	March 31, 2019						December 31, 2018
(Dollars in millions)	> 90 Days and Accruing			Nonperforming Loans			> 90 Days and Accruing			Nonperforming Loans
Commercial Banking:
Commercial and multifamily real estate	$	0		$	69		$	0		$	83
Commercial and industrial	38			301			0			223
Total commercial lending	38			370			0			306
Small-ticket commercial real estate	0			8			0			6
Total commercial banking	38			378			0			312
Total	$	2,110		$	753		$	2,233		$	813
% of Total loans held for investment	0.9		%	0.3		%	0.9		%	0.3		%

Credit Card

Our credit card loan portfolio is highly diversified across millions of accounts and numerous geographies without significant individual exposure. We therefore generally manage credit risk based on portfolios with common risk characteristics. The risk in our credit card loan portfolio correlates to broad economic trends, such as unemployment rates and home values, as well as consumers’ financial condition, all of which can have a material effect on credit performance. The primary indicators we assess in monitoring the credit quality and risk of our credit card portfolio are delinquency and charge-off trends, including an analysis of loan migration between delinquency categories over time.

The table below displays the geographic profile of our credit card loan portfolio as of March 31, 2019 and December 31, 2018.

Table 4.3: Credit Card Risk Profile by Geographic Region



	March 31, 2019				December 31, 2018
(Dollars in millions)	Amount		% of Total		Amount		% of Total
Domestic credit card:
California	$	10,978	10.0	%	$	11,591	10.0	%
Texas	7,782		7.1		8,173		7.0
New York	6,948		6.3		7,400		6.4
Florida	6,755		6.2		7,086		6.1
Illinois	4,443		4.0		4,761		4.1
Pennsylvania	4,256		3.9		4,575		3.9
Ohio	3,676		3.3		3,967		3.4
New Jersey	3,420		3.1		3,641		3.1
Michigan	3,303		3.0		3,544		3.0
Other	49,491		45.1		52,612		45.3
Total domestic credit card	101,052		92.0		107,350		92.3
International card businesses:
Canada	5,832		5.3		6,023		5.1
United Kingdom	2,952		2.7		2,988		2.6
Total international card businesses	8,784		8.0		9,011		7.7
Total credit card	$	109,836	100.0	%	$	116,361	100.0	%

The table below presents net charge-offs for the three months ended March 31, 2019 and 2018.

Table 4.4: Credit Card Net Charge-Offs



	Three Months Ended March 31,
	2019				2018
(Dollars in millions)	Amount		Rate⁽¹⁾		Amount		Rate⁽¹⁾
Net charge-offs:⁽¹⁾
Domestic credit card	$	1,294	5.04	%	$	1,321	5.26	%
International card businesses	70		3.20		56		2.49
Total credit card	$	1,364	4.90		$	1,377	5.03

__________

⁽¹⁾

Net charge-offs consist of the unpaid principal balance of loans held for investment that we determine to be uncollectible, net of recovered amounts. Net charge-off rate is calculated by dividing annualized net charge-offs by average loans held for investment for the period for each loan category. Net charge-offs and the net charge-off rate are impacted periodically by fluctuations in recoveries, including loan sales.Consumer Banking

Our consumer banking loan portfolio consists of auto 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, gross domestic product and home values, as well as consumers’ financial condition, all of which can have a material effect on credit performance. Delinquency, nonperforming loans and charge-off trends are key indicators 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 as of March 31, 2019 and December 31, 2018.

Table 4.5: Consumer Banking Risk Profile by Geographic Region



	March 31, 2019				December 31, 2018
(Dollars in millions)	Amount		% of Total		Amount		% of Total
Auto:
Texas	$	7,256	12.2	%	$	7,264	12.3	%
California	6,416		10.8		6,352		10.7
Florida	4,645		7.8		4,623		7.8
Georgia	2,638		4.5		2,665		4.5
Ohio	2,521		4.3		2,502		4.2
Pennsylvania	2,161		3.6		2,167		3.7
Illinois	2,156		3.6		2,171		3.7
Louisiana	2,134		3.6		2,174		3.7
Other	26,517		44.9		26,423		44.6
Total auto	56,444		95.3		56,341		95.2
Retail banking:
New York	827		1.4		837		1.4
Louisiana	753		1.3		772		1.3
Texas	628		1.0		647		1.1
New Jersey	193		0.3		201		0.3
Maryland	159		0.3		161		0.3
Virginia	134		0.2		137		0.2
Other	110		0.2		109		0.2
Total retail banking	2,804		4.7		2,864		4.8
Total consumer banking	$	59,248	100.0	%	$	59,205	100.0	%

The table below presents net charge-offs in our consumer banking loan portfolio for the three months ended March 31, 2019 and 2018, as well as nonperforming loans as of March 31, 2019 and December 31, 2018.

Table 4.6: Consumer Banking Net Charge-Offs (Recoveries) and Nonperforming Loans



	Three Months Ended March 31,
	2019				2018
(Dollars in millions)	Amount		Rate⁽¹⁾		Amount			Rate⁽¹⁾
Net charge-offs (recoveries):
Auto	$	203	1.44	%	$	208		1.53	%
Retail banking	18		2.56		16			1.89
Home loan	0		0.00		(1		)	(0.03	)
Total consumer banking	$	221	1.49		$	223		1.19



	March 31, 2019				December 31, 2018
(Dollars in millions)	Amount		Rate⁽²⁾		Amount		Rate⁽²⁾
Nonperforming loans:
Auto	$	321	0.57	%	$	449	0.80	%
Retail banking	31		1.10		30		1.04
Total consumer banking	$	352	0.59		$	479	0.81

__________


⁽¹⁾	Net charge-off (recovery) rate is calculated by dividing annualized net charge-offs (recoveries) by average loans held for investment for the period for each loan category.

⁽²⁾

Nonperforming loan rates are calculated based on nonperforming loans for each category divided by period-end total loans held for investment for each respective category.Commercial Banking

We evaluate the credit risk of commercial loans using a risk rating system. We assign internal risk ratings to loans based on relevant information about the ability of the borrowers to repay their debt. In determining the risk rating of a particular loan, some of the factors considered are the borrower’s current financial condition, historical and projected future credit performance, prospects for support from financially responsible guarantors, the estimated realizable value of any collateral and current economic trends. The 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 full 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. Generally, loans that are designated as criticized performing and criticized nonperforming are reviewed quarterly by management to determine if they are appropriately classified/rated and whether any impairment exists. Noncriticized loans are also generally reviewed, at least annually, to determine the appropriate risk rating. 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 concentration and internal risk ratings of our commercial loan portfolio as of March 31, 2019 and December 31, 2018.

Table 4.7: Commercial Banking Risk Profile by Geographic Region and Internal Risk Rating



	March 31, 2019
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total		Commercial and Industrial		% of Total		Small-Ticket Commercial Real Estate		% of Total		Total Commercial Banking		% of Total
Geographic concentration:⁽¹⁾
Northeast	$	15,559	53.6	%	$	7,714	18.3	%	$	5	62.5	%	$	23,278	32.7	%
Mid-Atlantic	3,366		11.6		4,818		11.4		0		0.0		8,184		11.5
South	4,566		15.8		15,134		35.9		1		12.5		19,701		27.7
Other	5,493		19.0		14,531		34.4		2		25.0		20,026		28.1
Total	$	28,984	100.0	%	$	42,197	100.0	%	$	8	100.0	%	$	71,189	100.0	%
Internal risk rating:⁽²⁾
Noncriticized	$	28,148	97.1	%	$	40,446	95.9	%	$	0	0.0	%	$	68,594	96.4	%
Criticized performing	745		2.6		1,349		3.2		0		0.0		2,094		2.9
Criticized nonperforming	69		0.2		301		0.7		8		100.0		378		0.5
PCI loans	22		0.1		101		0.2		0		0.0		123		0.2
Total	$	28,984	100.0	%	$	42,197	100.0	%	$	8	100.0	%	$	71,189	100.0	%



	December 31, 2018
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total		Commercial and Industrial		% of Total		Small-Ticket Commercial Real Estate		% of Total		Total Commercial Banking		% of Total
Geographic concentration:⁽¹⁾
Northeast	$	15,562	53.8	%	$	7,573	18.4	%	$	213	62.1	%	$	23,348	33.2	%
Mid-Atlantic	3,410		11.8		4,710		11.5		12		3.5		8,132		11.6
South	4,247		14.7		15,367		37.4		20		5.8		19,634		27.9
Other	5,680		19.7		13,441		32.7		98		28.6		19,219		27.3
Total	$	28,899	100.0	%	$	41,091	100.0	%	$	343	100.0	%	$	70,333	100.0	%
Internal risk rating:⁽²⁾
Noncriticized	$	28,239	97.7	%	$	39,468	96.1	%	$	336	98.0	%	$	68,043	96.8	%
Criticized performing	555		1.9		1,292		3.1		1		0.3		1,848		2.6
Criticized nonperforming	83		0.3		223		0.5		6		1.7		312		0.4
PCI loans	22		0.1		108		0.3		0		0.0		130		0.2
Total	$	28,899	100.0	%	$	41,091	100.0	%	$	343	100.0	%	$	70,333	100.0	%

__________


⁽¹⁾	Geographic concentration is generally determined by the location of the borrower’s business or the location of the collateral associated with the loan. Northeast consists of CT, MA, ME, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DC, DE, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MO, MS, NC, SC, TN and TX.

⁽²⁾

Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities.Impaired Loans

The following table presents information on our impaired loans as of March 31, 2019 and December 31, 2018, and for the three months ended March 31, 2019 and 2018. Impaired loans include loans modified in troubled debt restructurings (“TDRs”), all nonperforming commercial loans and nonperforming home loans with a specific impairment. Impaired loans without an allowance generally represent loans that have been charged down to the fair value of the underlying collateral for which we believe no additional losses have been incurred, or where the fair value of the underlying collateral meets or exceeds the loan’s amortized cost. PCI loans are excluded from the following tables.

Table 4.8: Impaired Loans



	March 31, 2019
(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	$	659	$	0	$	659	$	172	$	487	$	648
International card businesses	198		0		198		98		100		192
Total credit card⁽¹⁾	857		0		857		270		587		840
Consumer Banking:
Auto	308		37		345		28		317		446
Retail banking	53		0		53		4		49		60
Total consumer banking	361		37		398		32		366		506
Commercial Banking:
Commercial and multifamily real estate	47		60		107		3		104		110
Commercial and industrial	423		146		569		65		504		684
Total commercial lending	470		206		676		68		608		794
Small-ticket commercial real estate	0		7		7		0		7		9
Total commercial banking	470		213		683		68		615		803
Total	$	1,688	$	250	$	1,938	$	370	$	1,568	$	2,149



	December 31, 2018
(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	$	666	$	0	$	666	$	186	$	480	$	654
International card businesses	189		0		189		91		98		183
Total credit card⁽¹⁾	855		0		855		277		578		837
Consumer Banking:
Auto⁽²⁾	301		38		339		22		317		420
Retail banking	42		12		54		5		49		60
Total consumer banking	343		50		393		27		366		480
Commercial Banking:
Commercial and multifamily real estate	92		28		120		5		115		121
Commercial and industrial	301		169		470		29		441		593
Total commercial lending	393		197		590		34		556		714
Small-ticket commercial real estate	0		6		6		0		6		9
Total commercial banking	393		203		596		34		562		723
Total	$	1,591	$	253	$	1,844	$	338	$	1,506	$	2,040



	Three Months Ended March 31,
	2019				2018
(Dollars in millions)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Credit Card:
Domestic credit card	$	663	$	15	$	646	$	16
International card businesses	193		4		178		3
Total credit card⁽¹⁾	856		19		824		19
Consumer Banking:
Auto⁽²⁾	342		10		456		13
Home loan	0		0		229		1
Retail banking	54		0		61		0
Total consumer banking	396		10		746		14
Commercial Banking:
Commercial and multifamily real estate	113		0		106		1
Commercial and industrial	520		4		733		6
Total commercial lending	633		4		839		7
Small-ticket commercial real estate	6		0		6		0
Total commercial banking	639		4		845		7
Total	$	1,891	$	33	$	2,415	$	40

__________


⁽¹⁾	The period-end and average recorded investments of credit card loans include finance charges and fees.

⁽²⁾

2018 amounts include certain TDRs that were recorded as other assets on our consolidated balance sheets.Troubled Debt Restructurings

Total recorded TDRs were $1.7 billion and $1.6 billion as of March 31, 2019 and December 31, 2018, respectively. TDRs classified as performing in our credit card and consumer banking loan portfolios totaled $1.2 billion as of both March 31, 2019 and December 31, 2018. TDRs classified as performing in our commercial banking loan portfolio totaled $300 million and $282 million as of March 31, 2019 and December 31, 2018, respectively. Commitments to lend additional funds on loans modified in TDRs totaled $232 million and $256 million as of March 31, 2019 and December 31, 2018, respectively.

Loans Modified in TDRs

As part of our loan modification programs 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 major modification types, recorded investment amounts and financial effects of loans modified in TDRs during the three months ended March 31, 2019 and 2018.

Table 4.9: Troubled Debt Restructurings



	Total Loans Modified⁽¹⁾		Three Months Ended March 31, 2019
			Reduced Interest Rate				Term Extension
(Dollars in millions)			% of TDR Activity⁽²⁾		Average Rate Reduction		% of TDR Activity⁽²⁾		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	98	100	%	16.42	%	0	%	0
International card businesses	47		100		27.59		0		0
Total credit card	145		100		20.04		0		0
Consumer Banking:
Auto	72		37		3.83		91		7
Retail banking	1		15		13.01		85		6
Total consumer banking	73		37		3.88		91		7
Commercial Banking:
Commercial and multifamily real estate	34		100		0.00		0		0
Commercial and industrial	21		0		0.00		0		0
Total commercial lending	55		62		0.00		0		0
Small-ticket commercial real estate	0		0		0.00		0		0
Total commercial banking	55		61		0.00		0		0
Total	$	273	75		14.64		24		7



	Total Loans Modified⁽¹⁾		Three Months Ended March 31, 2018
			Reduced Interest Rate				Term Extension
(Dollars in millions)			% of TDR Activity⁽²⁾		Average Rate Reduction		% of TDR Activity⁽²⁾		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	113	100	%	15.73	%	0	%	0
International card businesses	50		100		26.86		0		0
Total credit card	163		100		19.17		0		0
Consumer Banking:
Auto⁽³⁾	62		52		3.76		91		7
Home loan	6		28		1.78		83		214
Retail banking	2		11		10.22		81		5
Total consumer banking	70		49		3.71		90		23
Commercial Banking:
Commercial and multifamily real estate	2		0		0.00		100		7
Commercial and industrial	11		0		0.00		100		11
Total commercial lending	13		0		0.00		100		11
Small-ticket commercial real estate	2		0		0.00		0		0
Total commercial banking	15		0		0.00		85		11
Total	$	248	80		16.50		30		21

__________


⁽¹⁾	Represents the recorded investment of total loans modified in TDRs at the end of the quarter in which they were modified. As not every modification type is included in the table above, the total percentage of TDR activity may not add up to 100%. Some loans may receive more than one type of concession as part of the modification.


⁽²⁾	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.


⁽³⁾	Includes certain TDRs that are recorded as other assets on our consolidated balance sheets.

Subsequent Defaults of Completed TDR Modifications

The following table presents the type, number and recorded investment 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 4.10: TDRs—Subsequent Defaults



	Three Months Ended March 31,
	2019			2018
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	14,027	$	29	16,339	$	34
International card businesses	16,706	28		13,939	26
Total credit card	30,733	57		30,278	60
Consumer Banking:
Auto	1,105	13		1,807	21
Home loan	0	0		3	1
Retail banking	8	0		8	0
Total consumer banking	1,113	13		1,818	22
Commercial Banking:
Commercial and industrial	0	0		6	35
Total commercial lending	0	0		6	35
Total commercial banking	0	0		6	35
Total	31,846	$	70	32,102	$	117

Allowance for Loan and Lease Losses

3 Months Ended

Mar. 31, 2019

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Allowance for Loans and Lease Losses

NOTE 5—ALLOWANCE FOR LOAN AND LEASE LOSSES AND RESERVE FOR UNFUNDED LENDING COMMITMENTS

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 losses on 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” in our 2018 Form 10-K for further discussion of the methodology and policy for determining our allowance for loan and lease losses for each of our loan portfolio segments, as well as information on our reserve for unfunded lending commitments.

Allowance for Loan and Lease Losses and Reserve for Unfunded Lending Commitments Activity

The table below summarizes changes in the allowance for loan and lease losses and reserve for unfunded lending commitments by portfolio segment for the three months ended March 31, 2019 and 2018.

Table 5.1: Allowance for Loan and Lease Losses and Reserve for Unfunded Lending Commitments Activity



(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Total
Allowance for loan and lease losses:
Balance as of December 31, 2018	$	5,535		$	1,048		$	637		$	7,220
Charge-offs	(1,782		)	(471		)	(20		)	(2,273		)
Recoveries⁽¹⁾	418			250			6			674
Net charge-offs	(1,364		)	(221		)	(14		)	(1,599		)
Provision for loan and lease losses	1,389			235			60			1,684
Allowance build for loan and lease losses	25			14			46			85
Other changes⁽²⁾	8			0			0			8
Balance as of March 31, 2019	5,568			1,062			683			7,313
Reserve for unfunded lending commitments:
Balance as of December 31, 2018	0			4			118			122
Provision for losses on unfunded lending commitments	0			0			9			9
Balance as of March 31, 2019	0			4			127			131
Combined allowance and reserve as of March 31, 2019	$	5,568		$	1,066		$	810		$	7,444



(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Other⁽³⁾			Total
Allowance for loan and lease losses:
Balance as of December 31, 2017	$	5,648		$	1,242		$	611		$	1		$	7,502
Charge-offs	(1,825		)	(431		)	(21		)	1			(2,276		)
Recoveries⁽¹⁾	448			208			2			0			658
Net charge-offs	(1,377		)	(223		)	(19		)	1			(1,618		)
Provision (benefit) for loan and lease losses	1,456			234			(5		)	(1		)	1,684
Allowance build (release) for loan and lease losses	79			11			(24		)	0			66
Other changes⁽²⁾	(1		)	0			0			0			(1		)
Balance as of March 31, 2018	5,726			1,253			587			1			7,567
Reserve for unfunded lending commitments:
Balance as of December 31, 2017	0			7			117			0			124
Benefit for losses on unfunded lending commitments	0			(1		)	(9		)	0			(10		)
Balance as of March 31, 2018	0			6			108			0			114
Combined allowance and reserve as of March 31, 2018	$	5,726		$	1,259		$	695		$	1		$	7,681

__________


⁽¹⁾	The amount and timing of recoveries is impacted by our collection strategies, which are based on customer behavior and risk profile and include direct customer communications, repossession of collateral, the periodic sale of charged-off loans as well as additional strategies, such as litigation.


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


⁽³⁾	Includes the legacy loan portfolio of our discontinued GreenPoint mortgage operations.

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 as of March 31, 2019 and December 31, 2018. See “Note 1—Summary of Significant Accounting Policies” in our 2018 Form 10-K for further discussion of allowance methodologies for each of the loan portfolios.

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



	March 31, 2019
(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Total
Allowance for loan and lease losses:
Collectively evaluated	$	5,298		$	1,030		$	615		$	6,943
Asset-specific	270			32			68			370
Total allowance for loan and lease losses	$	5,568		$	1,062		$	683		$	7,313
Loans held for investment:
Collectively evaluated	$	108,979		$	58,847		$	70,383		$	238,209
Asset-specific	857			398			683			1,938
PCI loans	0			3			123			126
Total loans held for investment	$	109,836		$	59,248		$	71,189		$	240,273
Allowance coverage ratio⁽¹⁾	5.07		%	1.79		%	0.96		%	3.04		%



	December 31, 2018
(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Total
Allowance for loan and lease losses:
Collectively evaluated	$	5,258		$	1,021		$	603		$	6,882
Asset-specific	277			27			34			338
Total allowance for loan and lease losses	$	5,535		$	1,048		$	637		$	7,220
Loans held for investment:
Collectively evaluated	$	115,505		$	58,808		$	69,607		$	243,920
Asset-specific	855			393			596			1,844
PCI loans	1			4			130			135
Total loans held for investment	$	116,361		$	59,205		$	70,333		$	245,899
Allowance coverage ratio⁽¹⁾	4.76		%	1.77		%	0.91		%	2.94		%

__________


⁽¹⁾	Allowance coverage ratio is calculated by dividing the period-end allowance for loan and lease losses by period-end loans held for investment within the specified loan category.

We have certain credit card partnership agreements that are presented within our consolidated financial statements on a net basis, in which our partner agrees to share a portion of the credit losses on the underlying loan portfolio. The expected reimbursements from these partners, which are netted against our allowance for loan and lease losses, result in reductions to net charge-offs and provision for credit losses. See “Note 1—Summary of Significant Accounting Policies” in our 2018 Form 10-K for further discussion of our credit card partnership agreements.

The table below summarizes the changes in the estimated reimbursements from these partners for the three months ended March 31, 2019 and 2018.

Table 5.3: Summary of Loss Sharing Arrangements Impacts



	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Estimated reimbursements from partners, beginning of period	$	379		380
Amounts due from partners which reduced net charge-offs	(108		)	(97		)
Amounts estimated to be charged to partners which reduced provision for credit losses	171			105
Estimated reimbursements from partners, end of period	$	442		$	388

Variable Interest Entities and Securitizations

3 Months Ended

Mar. 31, 2019

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 to securitization trusts. We have primarily securitized credit card 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 related 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 assets of our consolidated VIEs primarily consist of cash, credit card loan receivables and the related allowance for loan and lease losses, which we report on our consolidated balance sheets under restricted cash for securitization investors, loans held in consolidated trusts and allowance for loan and lease losses, respectively. The assets of a particular VIE are the primary source of funds to settle its obligations. Creditors of these VIEs typically do not have recourse to our general credit. Liabilities primarily consist of debt securities issued by the VIEs, which we report under securitized debt obligations on our consolidated balance sheets. 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.

The tables below present a summary of VIEs in which we had continuing involvement or held a variable interest, aggregated based on VIEs with similar characteristics as of March 31, 2019 and December 31, 2018. We separately present information for consolidated and unconsolidated VIEs.

Table 6.1: Carrying Amount of Consolidated and Unconsolidated VIEs



	March 31, 2019
	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⁾	$	32,729	$	19,809	$	0	$	0	$	0
Home loan securitizations	0		0		175		32		496
Total securitization-related VIEs	32,729		19,809		175		32		496
Other VIEs:⁽²⁾
Affordable housing entities	242		13		4,395		1,323		4,395
Entities that provide capital to low-income and rural communities	1,728		108		0		0		0
Other	0		0		530		0		530
Total other VIEs	1,970		121		4,925		1,323		4,925
Total VIEs	$	34,699	$	19,930	$	5,100	$	1,355	$	5,421



	December 31, 2018
	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⁾	$	33,574	$	18,885	$	0	$	0	$	0
Home loan securitizations	0		0		211		74		554
Total securitization-related VIEs	33,574		18,885		211		74		554
Other VIEs:⁽²⁾
Affordable housing entities	243		17		4,238		1,303		4,238
Entities that provide capital to low-income and rural communities	1,739		117		0		0		0
Other	0		0		353		0		353
Total other VIEs	1,982		134		4,591		1,303		4,591
Total VIEs	$	35,556	$	19,019	$	4,802	$	1,377	$	5,145

__________


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

⁽²⁾

In certain investment structures, we consolidate a VIE which in turn holds as its primary asset an investment in an unconsolidated VIE. In these instances, we disclose the carrying amount of assets and liabilities on our consolidated balance sheets as unconsolidated VIEs to avoid duplicating our exposure, as the unconsolidated VIEs are generally the operating entities generating the exposure. The carrying amount of assets and liabilities included in the unconsolidated VIE columns above related to these investment structures were $2.3 billion of assets and $845 million of liabilities as of March 31, 2019 and $2.3 billion of assets and $811 million of liabilities as of December 31, 2018.

Securitization-Related VIEs

In a securitization transaction, assets are transferred to a trust, which generally meets the definition of a VIE. Our primary securitization activity is in the form of credit card securitizations, conducted through securitization trusts which we consolidate. Our continuing involvement in these securitization transactions mainly consists of acting as the primary servicer and holding certain retained interests.

We transfer multifamily commercial loans that we originate to the government-sponsored enterprises (“GSEs”) and retain the right to service the transferred loans pursuant to the guidelines set forth by the GSEs. Subsequent to such transfers, these loans are commonly securitized into CMBS by the GSEs. We also hold RMBS and CMBS in our investment securities portfolio, which represent an interest in the respective securitization trusts employed in the transactions under which those securities were issued. We do not consolidate the securitization trusts employed in these transactions as we do not have the power to direct the activities that most significantly impact the economic performance of these securitization trusts. Our maximum exposure to loss as a result of our involvement with these VIEs is the carrying value of MSRs and investment securities on our consolidated balance sheets. See “Note 7—Goodwill and Intangible Assets” for information related to our MSRs associated with these multifamily commercial loan securitizations and “Note 3—Investment Securities” for more information on the securities held in our investment securities portfolio. We exclude these VIEs from the tables within this note because we do not consider our continuing involvement with these VIEs to be significant as we either invest in securities issued by the VIE and were not involved in the design of the VIE or no transfers have occurred between the VIE and us. In addition, where we have certain lending arrangements in the normal course of business with entities that could be VIEs, we have also excluded these VIEs from the tables presented in this note. See “Note 4—Loans” for additional information regarding our lending arrangements in the normal course of business.

The table below presents our continuing involvement in certain securitization-related VIEs as of March 31, 2019 and December 31, 2018.

Table 6.2: Continuing Involvement in Securitization-Related VIEs



(Dollars in millions)	Credit Card		Mortgages
March 31, 2019:
Securities held by third-party investors	$	19,273	$	1,183
Receivables in the trust	31,682		1,209
Cash balance of spread or reserve accounts	0		116
Retained interests	Yes		Yes
Servicing retained	Yes		Yes⁽¹⁾
December 31, 2018:
Securities held by third-party investors	$	18,307	$	1,276
Receivables in the trust	34,197		1,305
Cash balance of spread or reserve accounts	0		116
Retained interests	Yes		Yes
Servicing retained	Yes		Yes⁽¹⁾

__________


⁽¹⁾	We retain servicing on a portion of our remaining mortgage loans in mortgage securitizations.

Credit Card Securitizations

We securitize a portion of our credit card loans which provides a source of funding for us. The credit card securitizations involve the transfer of credit card receivables from our balance sheet to securitization trusts. These trusts then issue debt securities collateralized by the transferred receivables to third-party investors. We hold certain retained interests in our credit card securitizations and continue to service the receivables in these trusts. We consolidate these trusts because we are deemed to be the primary beneficiary as we have the power to direct the activities that most significantly impact the economic performance of the trusts, and the right to receive benefits or the obligation to absorb losses that could potentially be significant to the trusts.

Mortgage Securitizations

We had previously securitized mortgage loans by transferring these loans to securitization trusts that had issued mortgage-backed securities to investors. These mortgage trusts consist of option-adjustable rate mortgage (“option-ARM”) securitizations and securitizations from our discontinued operations which include the mortgage origination operations of our wholesale mortgage banking unit, GreenPoint Mortgage Funding, Inc. (“GreenPoint”) and the manufactured housing operations of GreenPoint Credit, LLC, a subsidiary of GreenPoint (collectively “GreenPoint securitizations”).

We continue to service a portion of the remaining mortgage loans in the option-ARM securitizations and also retain rights to certain future cash flows arising from these securitizations. We also retain servicing on a portion of the remaining mortgage loans in the GreenPoint securitizations and have the right to receive any funds remaining in the pre-funded letters of credit after the securities are released. We do not consolidate the mortgage securitizations because we do not have the right to receive the benefits nor the obligation to absorb losses that could potentially be significant to the trusts or we do not have the power to direct the activities that most significantly impact the economic performance of the trusts.

Other VIEs

Affordable Housing Entities

As part of our community reinvestment initiatives, we invest in private investment funds that make equity investments in multifamily 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 three months ended March 31, 2019 and 2018, we recognized amortization of $143 million and $124 million, respectively, and tax credits of $171 million and $146 million, respectively, associated with these investments within income tax provision. The carrying value of our equity investments in these qualified affordable housing projects was $4.3 billion and $4.2 billion as of March 31, 2019 and December 31, 2018, respectively. We are periodically required to provide additional financial or other support during the period of the investments. Our liability for these unfunded commitments was $1.5 billion as of both March 31, 2019 and December 31, 2018 and is largely expected to be paid from 2019 to 2021.

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 maximum exposure to these entities is limited to our variable interests in the entities which consisted of assets of approximately $4.4 billion and $4.2 billion as of March 31, 2019 and December 31, 2018, 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 it. The total assets of the unconsolidated VIE investment funds were approximately $10.8 billion as of both March 31, 2019 and December 31, 2018, 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 $1.7 billion as of both March 31, 2019 and December 31, 2018, respectively, are reflected on our consolidated balance sheets in cash, loans held for investment, 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 it.

Other

Other VIEs include variable interests that we hold in companies that promote renewable energy sources and other equity method investments. We were not required to consolidate these entities because we do not have the power to direct the activities that most significantly impact their economic performance. Our maximum exposure to these entities is limited to the investment on our consolidated balance sheets of $530 million and $353 million as of March 31, 2019 and December 31, 2018, respectively. The creditors of the other 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 it.

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 7—GOODWILL AND INTANGIBLE ASSETS

The table below presents our goodwill, intangible assets and MSRs as of March 31, 2019 and December 31, 2018. Goodwill is presented separately, while intangible assets and MSRs are included in other assets on our consolidated balance sheets.

Table 7.1: Components of Goodwill, Intangible Assets and MSRs



	March 31, 2019
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization			Net Carrying Amount
Goodwill	$	14,546	N/A			$	14,546
Intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	2,102		$	(1,973	)	129
Core deposit intangibles	209		(209		)	0
Other⁽¹⁾	217		(123		)	94
Total intangible assets	2,528		(2,305		)	223
Total goodwill and intangible assets	$	17,074	$	(2,305	)	$	14,769
Commercial MSRs⁽²⁾	$	482	$	(199	)	$	283

	December 31, 2018
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization			Net Carrying Amount
Goodwill	$	14,544	N/A			$	14,544
Intangible assets:
PCCR intangibles	2,102		$	(1,952	)	150
Core deposit intangibles	1,149		(1,148		)	1
Other⁽¹⁾	271		(168		)	103
Total intangible assets	3,522		(3,268		)	254
Total goodwill and intangible assets	$	18,066	$	(3,268	)	$	14,798
Commercial MSRs⁽²⁾	$	459	$	(185	)	$	274

__________


⁽¹⁾	Primarily consists of intangibles for sponsorship relationships, partnership and other contract intangibles and trade name intangibles.


⁽²⁾	Commercial MSRs are accounted for under the amortization method on our consolidated balance sheets.

Amortization expense for amortizable intangible assets, which is presented separately in our consolidated statements of income, totaled $30 million and $44 million for the three months ended March 31, 2019 and 2018, respectively.

Goodwill

The following table presents changes in the carrying amount of goodwill by each of our business segments as of March 31, 2019 and December 31, 2018.

Table 7.2: Goodwill by Business Segments



(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Balance as of December 31, 2018	$	5,060	$	4,600	$	4,884	$	14,544
Other adjustments⁽¹⁾	2		0		0		2
Balance as of March 31, 2019	$	5,062	$	4,600	$	4,884	$	14,546

__________


⁽¹⁾	Represents foreign currency translation adjustments.

Deposits and Borrowings

3 Months Ended

Mar. 31, 2019

Deposits and Borrowings [Abstract]

Deposits and Borrowings

NOTE 8—DEPOSITS AND BORROWINGS

Our deposits represent our largest source of funding for our assets and operations, which include checking accounts, money market deposits, negotiable order of withdrawals, savings deposits and time deposits. We also use a variety of other funding sources including short-term borrowings, senior and subordinated notes, securitized debt obligations and other borrowings. In addition, we utilize FHLB advances, which are secured by certain portions of our loan and investment securities portfolios. Securitized debt obligations are presented separately on our consolidated balance sheets, as they represent obligations of consolidated securitization trusts, 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.

Our total short-term borrowings generally consist of federal funds purchased, securities loaned or sold under agreements to repurchase, and short-term FHLB advances. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of March 31, 2019 and December 31, 2018. The carrying value presented below for these borrowings includes unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.

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



(Dollars in millions)	March 31, 2019		December 31, 2018
Deposits:
Non-interest-bearing deposits	$	24,908	$	23,483
Interest-bearing deposits⁽¹⁾	230,199		226,281
Total deposits	$	255,107	$	249,764
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	335	$	352
FHLB advances	0		9,050
Total short-term borrowings	$	335	$	9,402



	March 31, 2019						December 31, 2018
(Dollars in millions)	Maturity Dates	Stated Interest Rates	Weighted- Average Interest Rate		Carrying Value		Carrying Value
Long-term debt:
Securitized debt obligations	2019-2025	1.33% - 3.34%	2.34	%	$	19,273	$	18,307
Senior and subordinated notes:
Fixed unsecured senior debt	2019-2028	1.85 - 4.75	3.13		23,027		23,290
Floating unsecured senior debt	2019-2023	3.10 - 3.90	3.48		2,993		2,993
Total unsecured senior debt			3.17		26,020		26,283
Fixed unsecured subordinated debt	2019-2026	3.38 - 8.80	4.09		4,625		4,543
Total senior and subordinated notes					30,645		30,826
Other long-term borrowings:
FHLB advances	2022-2023	4.46 - 5.36	4.95		1		251
Other borrowings	2019-2035	1.00 - 13.38	4.95		104		119
Total other long-term borrowings					105		370
Total long-term debt					$	50,023	$	49,503
Total short-term borrowings and long-term debt					$	50,358	$	58,905

__________

⁽¹⁾

Includes $5.1 billion and $4.0 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of March 31, 2019 and December 31, 2018, respectively.

Derivative Instruments and Hedging Activities

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

NOTE 9—DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Use of Derivatives and Accounting for Derivatives

We regularly enter into derivative transactions to support our overall risk management activities. Our primary market risks stem from the impact on our earnings and economic value of equity due to changes in interest rates and, to a lesser extent, changes in foreign exchange rates. We manage our interest rate sensitivity by employing several techniques, which include changing the duration and re-pricing characteristics of various assets and liabilities by using interest rate derivatives. We also use foreign currency derivatives to limit our earnings and capital exposures to foreign exchange risk by hedging exposures denominated in foreign currencies. In addition to interest rate and foreign currency derivatives, we may also 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 designate these risk management derivatives as either qualifying accounting hedges or free-standing derivatives. Qualifying accounting hedges are further designated as fair value hedges, cash flow hedges or net investment hedges, and free-standing derivatives are economic hedges that do not qualify for hedge accounting.

We also offer various interest rate, commodity and foreign currency derivatives as accommodation to our customers within our Commercial Banking business. We enter into these derivatives with our customers primarily to help them manage interest rate risks, hedge their energy and other commodities exposures, and manage foreign currency fluctuations. We then enter into offsetting derivative contracts with counterparties to economically hedge the majority of our subsequent exposures.

See below for additional information on our use of derivatives and how we account for them:

•

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 presented in the same line item on our consolidated statements of income as the earnings effect of the hedged items. Our fair value hedges consist of interest rate swaps that are intended to modify our exposure to interest rate risk on various fixed-rate financial 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. Those amounts are reclassified into earnings in the same period during which the forecasted transactions impact earnings and presented in the same line item on our consolidated statements of income as the earnings effect of the hedged items. Our cash flow hedges use interest rate swaps and floors that are intended to hedge the variability in interest receipts or interest payments on some of our variable-rate financial assets or liabilities. We also enter into foreign currency forward contracts to hedge our exposure to variability in cash flows related to intercompany borrowings denominated in a foreign currency.

•

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 currency forward contracts to hedge the translation exposure of the net investment in our foreign operations under the forward method.

•

Free-Standing Derivatives: Our free-standing derivatives primarily consist of our customer accommodation derivatives and other economic hedges. The customer accommodation derivatives and the related offsetting contracts are mainly interest rate, commodity and foreign currency contracts. The other free-standing derivatives are primarily used to economically hedge the risk of changes in the fair value of our commercial mortgage loan origination and purchase commitments as well as other interests held. Changes in the fair value of free-standing derivatives are recorded in earnings as a component of other non-interest income.

Derivatives Counterparty Credit Risk

Counterparty Types

Derivative instruments contain an element of credit risk that arises from the potential failure of a counterparty to perform according to the terms of the contract. We execute our derivative contracts primarily in over-the-counter (“OTC”) markets. We also execute minimal amounts of interest rate and commodity futures in the exchange-traded derivative markets. Our OTC derivatives consist of both centrally cleared and uncleared bilateral contracts. In our centrally cleared contracts, our counterparties are central counterparty clearinghouses (“CCPs”), such as the Chicago Mercantile Exchange (“CME”) and the LCH Group (“LCH”). In our uncleared bilateral contracts, we enter into agreements directly with our derivative counterparties.

Counterparty Credit Risk Management

We generally manage our counterparty credit risk associated with derivative instruments by entering into legally enforceable master netting arrangements, where possible, and exchanging margin and collateral with our counterparties, typically in the form of cash or high-quality liquid securities. The amount of collateral exchanged is dependent upon the fair value of the derivative instruments as well as the fair value of the pledged collateral. When valuing collateral, an estimate of the variation in price and liquidity over time is subtracted in the form of a “haircut” to discount the value of the collateral pledged. Our exposure to derivative counterparty credit risk, at any point in time, is equal to the amount reported as a derivative asset on our balance sheet. The fair value of derivatives is adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and any associated cash collateral received or pledged. See Table 9.3 for our net exposure associated with derivatives.

The terms under which we collateralize our exposures differ between cleared exposures and uncleared bilateral exposures.

•

CCPs: We clear eligible OTC derivatives with CCPs as part of our regulatory requirements. Futures commission merchants (“FCMs”) serve as the intermediary between CCPs and us. CCPs require that we post initial and variation margin through our FCMs to mitigate the risk of non-payment or default. Initial margin is required upfront by CCPs as collateral against potential losses on our cleared derivative contracts. Variation margin is exchanged on a daily basis to account for mark-to-market changes in the derivative contracts. For CME and LCH-cleared OTC derivatives, we characterize variation margin cash payments as settlements. Our FCM agreements governing these derivative transactions include provisions that may require us to post additional collateral under certain circumstances.

•

Bilateral Counterparties: We generally enter into legally enforceable master netting agreements and collateral agreements, where possible, with bilateral derivative counterparties to mitigate the risk of default. We review our collateral positions on a daily basis and exchange collateral with our counterparties in accordance with these agreements. These bilateral agreements typically provide the right to offset exposure with the same counterparty and require the party in a net liability position to post collateral. Agreements with certain bilateral counterparties require both parties to maintain collateral in the event the fair values of derivative instruments exceed established exposure thresholds. Certain of these bilateral agreements 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 counterparties would have the right to terminate the derivative contract and close out the existing positions.

Credit Risk Valuation Adjustments

We record counterparty credit valuation adjustments (“CVAs”) 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 CVA, which may be adjusted in future periods due to changes in the fair values of the derivative contracts, collateral and creditworthiness of the counterparty. We also record debit valuation adjustments (“DVAs”) to adjust the fair values of our derivative 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.

Balance Sheet Presentation

The following table summarizes the notional and fair values of our derivative instruments as of March 31, 2019 and December 31, 2018, 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 pledged. Derivative assets and liabilities are included in other assets and other liabilities, respectively, on our consolidated balance sheets.

Table 9.1: Derivative Assets and Liabilities at Fair Value



	March 31, 2019								December 31, 2018
	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	$	52,735	$	24		$	67		$	53,413	$	64		$	28
Cash flow hedges	84,600		138			44			81,200		83			70
Total interest rate contracts	137,335		162			111			134,613		147			98
Foreign exchange contracts:
Cash flow hedges	5,523		42			21			5,745		184			2
Net investment hedges	2,648		32			6			2,607		178			0
Total foreign exchange contracts	8,171		74			27			8,352		362			2
Total derivatives designated as accounting hedges	145,506		236			138			142,965		509			100
Derivatives not designated as accounting hedges:
Customer accommodation:
Interest rate contracts	50,554		295			160			49,386		190			256
Commodity contracts	11,529		553			527			10,673		797			786
Foreign exchange and other contracts	1,698		18			15			1,418		12			11
Total customer accommodation	63,781		866			702			61,477		999			1,053
Other interest rate exposures⁽²⁾	6,065		30			24			6,427		29			36
Other contracts	3,621		89			11			1,636		2			12
Total derivatives not designated as accounting hedges	73,467		985			737			69,540		1,030			1,101
Total derivatives	$	218,973	$	1,221		$	875		$	212,505	$	1,539		$	1,201
Less: netting adjustment⁽³⁾			(512		)	(421		)			(1,079		)	(287		)
Total derivative assets/liabilities			$	709		$	454				$	460		$	914

__________


⁽¹⁾	Derivative assets and liabilities presented above exclude valuation adjustments related to non-performance risk. As of March 31, 2019 and December 31, 2018, the cumulative CVA balances were $7 million and $3 million, respectively. The cumulative DVA balance was approximately $1 million as of both March 31, 2019 and December 31, 2018.


⁽²⁾	Other interest rate exposures include commercial mortgage-related derivatives and interest rate swaps.


⁽³⁾	Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty.

The following table summarizes the carrying value of our hedged assets and liabilities in fair value hedges and the associated cumulative basis adjustments included in those carrying values as of March 31, 2019 and December 31, 2018.

Table 9.2: Hedged Items in Fair Value Hedging Relationships



	March 31, 2019								December 31, 2018
	Carrying Amount Assets/(Liabilities)			Cumulative Amount of Basis Adjustments Included in the Carrying Amount					Carrying Amount Assets/(Liabilities)			Cumulative Amount of Basis Adjustments Included in the Carrying Amount
(Dollars in millions)	Carrying Amount Assets/(Liabilities)			Total Assets/(Liabilities)			Discontinued-Hedging Relationships		Carrying Amount Assets/(Liabilities)			Total Assets/(Liabilities)			Discontinued-Hedging Relationships
Line item on our consolidated balance sheets in which the hedged item is included:
Investment securities available for sale⁽¹⁾⁽²⁾	$	12,519		$	145		$	1	$	14,067		$	(6	)	$	(2	)
Interest-bearing deposits	(13,136		)	155			0		(13,101		)	247			0
Securitized debt obligations	(5,928		)	111			118		(5,887		)	168			143
Senior and subordinated notes	(25,128		)	(5		)	355		(23,572		)	315			392

__________

⁽¹⁾

These amounts include the amortized cost basis of our investment securities designated in hedging relationships for which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. The amortized cost basis of this portfolio was $8.7 billion and $8.3 billion, the amount of the designated hedged items was $4.2 billion and $4.0 billion, and the cumulative basis adjustment associated with these hedges was $71 million and $26 million as of March 31, 2019 and December 31, 2018, respectively.


⁽²⁾	Carrying value represents amortized cost.

Balance Sheet Offsetting of Financial Assets and Liabilities

Derivative contracts and repurchase agreements that we execute bilaterally in the OTC market are generally governed by enforceable master netting arrangements where we generally have the right to offset exposure with the same counterparty. Either counterparty can generally request to net settle all contracts through a single payment upon default on, or termination of, any one contract. We elect to offset the derivative assets and liabilities under netting arrangements for balance sheet presentation where a right of setoff exists. For derivative contracts entered into under master netting arrangements for which we have not been able to confirm the enforceability of the setoff rights, or those not subject to master netting arrangements, we do not offset our derivative positions for balance sheet presentation.

The following table presents as of March 31, 2019 and December 31, 2018 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 in accordance with such arrangements. The amount of collateral presented, however, is limited to the amount of the related net derivative fair values or outstanding balances; therefore, instances of over-collateralization are excluded.

Table 9.3: 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 March 31, 2019
Derivative assets⁽¹⁾	$	1,221	$	(265	)	$	(247	)	$	709	$	0	$	709
As of December 31, 2018
Derivative assets⁽¹⁾	1,539		(205		)	(874		)	460		0		460



	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 March 31, 2019
Derivative liabilities⁽¹⁾	$	875	$	(265	)	$	(156	)	$	454	$	0		$	454
Repurchase agreements⁽²⁾	335		0			0			335		(335		)	0
As of December 31, 2018
Derivative liabilities⁽¹⁾	1,201		(205		)	(82		)	914		0			914
Repurchase agreements⁽²⁾	352		0			0			352		(352		)	0

__________

⁽¹⁾

We received cash collateral from derivative counterparties totaling $440 million and $925 million as of March 31, 2019 and December 31, 2018, respectively. We also received securities from derivative counterparties with a fair value of $1 million as of both March 31, 2019 and December 31, 2018, which we have the ability to re-pledge. We posted $695 million and $633 million of cash collateral as of March 31, 2019 and December 31, 2018, respectively.


⁽²⁾	Represents customer repurchase agreements that mature the next business day. As of March 31, 2019 and December 31, 2018, we pledged collateral with a fair value of $342 million and $359 million, respectively, under these customer repurchase agreements, which were primarily agency RMBS securities.

Income Statement and AOCI Presentation

Fair Value and Cash Flow Hedges

The net gains (losses) recognized in our consolidated statements of income related to derivatives in fair value and cash flow hedging relationships are presented below for the three months ended March 31, 2019 and 2018.

Table 9.4: Effects of Fair Value and Cash Flow Hedge Accounting



	Three Months Ended March 31, 2019
	Net Interest Income
(Dollars in millions)	Investment Securities			Loans, Including Loans Held for Sale			Other		Interest-bearing Deposits			Securitized Debt Obligations			Senior and Subordinated Notes
Total amounts presented in our consolidated statements of income	$	655		$	6,368		$	69	$	(817	)	$	(143	)	$	(314	)
Fair value hedging relationships:
Interest rate contracts:
Interest recognized on derivatives	2			0			0		(36		)	(6		)	(11		)
Gains (losses) recognized on derivatives	(111		)	0			0		95			33			281
Gains (losses) recognized on hedged items⁽¹⁾	110			0			0		(92		)	(57		)	(320		)
Net income (expense) recognized on fair value hedges	1			0			0		(33		)	(30		)	(50		)
Cash flow hedging relationships:⁽²⁾
Interest rate contracts:
Realized losses reclassified from AOCI into net income	(4		)	(56		)	0		0			0			0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income⁽³⁾	0			0			12		0			0			0
Net income (expense) recognized on cash flow hedges	$	(4	)	$	(56	)	$	12	$	0		$	0		$	0



	Three Months Ended March 31, 2018
	Net Interest Income
(Dollars in millions)	Investment Securities			Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits			Securitized Debt Obligations			Senior and Subordinated Notes
Total amounts presented in our consolidated statements of income	$	452		$	6,134	$	51	$	(539	)	$	(107	)	$	(251	)
Fair value hedging relationships:
Interest rate contracts:
Interest recognized on derivatives	(8		)	0		0		(2		)	(5		)	10
Gains (losses) recognized on derivatives	100			0		0		(160		)	(101		)	(357		)
Gains (losses) recognized on hedged items⁽¹⁾	(99		)	0		0		155			98			325
Net income (expense) recognized on fair value hedges	$	(7	)	$	0	$	0	$	(7	)	$	(8	)	$	(22	)
Cash flow hedging relationships:⁽²⁾
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income	$	(2	)	$	8	$	0	$	0		$	0		$	0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income⁽³⁾	0			0		8		0			0			0
Net income (expense) recognized on cash flow hedges	$	(2	)	$	8	$	8	$	0		$	0		$	0

__________


⁽¹⁾	Includes amortization of $61 million and $10 million for the three months ended March 31, 2019 and 2018, respectively, related to basis adjustments on discontinued hedges.


⁽²⁾	See “Note 10—Stockholders’ Equity” for the effects of cash flow and net investment hedges on AOCI and amounts reclassified to net income, net of tax.


⁽³⁾	We recognized a loss of $172 million and a gain of $75 million on foreign exchange contracts reclassified from AOCI for the three months ended March 31, 2019 and 2018, respectively. These amounts were entirely offset by the foreign currency transaction gains (losses) on our foreign currency denominated inter-company borrowings included non-interest income.

In the next 12 months, we expect to reclassify to earnings net after-tax losses of $113 million recorded in AOCI as of March 31, 2019. 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 seven years as of March 31, 2019. 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.

Free-Standing Derivatives

The net impacts to our consolidated statements of income related to free-standing derivatives are presented below for the three months ended March 31, 2019 and 2018. These gains or losses are recognized in other non-interest income on our consolidated statements of income.

Table 9.5: Gains (Losses) on Free-Standing Derivatives



	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Gains (losses) recognized in other non-interest income:
Customer accommodation:
Interest rate contracts	$	6		$	4
Commodity contracts	2			4
Foreign exchange and other contracts	3			2
Total customer accommodation	11			10
Other interest rate exposures	0			12
Other contracts	(2		)	(20		)
Total	$	9		$	2

Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Stockholders' Equity

NOTE 10—STOCKHOLDERS’ EQUITY

Preferred Stock

The following table summarizes the Company’s preferred stock issued and outstanding as of March 31, 2019 and December 31, 2018.

Table 10.1: Preferred Stock Issued and Outstanding⁽¹⁾



			Redeemable by Issuer Beginning	Per Annum Dividend Rate	Dividend Frequency	Liquidation Preference per Share		Carrying Value (in millions)
Series	Description	Issuance Date	Redeemable by Issuer Beginning	Per Annum Dividend Rate	Dividend Frequency	Liquidation Preference per Share	Total Shares Outstanding	March 31, 2019	December 31, 2018
Series B	6.00% Non-Cumulative	August 20, 2012	September 1, 2017	6.00%	Quarterly	$1,000	875,000	$853	$853
Series C	6.25% Non-Cumulative	June 12, 2014	September 1, 2019	6.25	Quarterly	1,000	500,000	484	484
Series D	6.70% Non-Cumulative	October 31, 2014	December 1, 2019	6.70	Quarterly	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	Semi-Annually through 5/31/2020; Quarterly thereafter	1,000	1,000,000	988	988
Series F	6.20% Non-Cumulative	August 24, 2015	December 1, 2020	6.20	Quarterly	1,000	500,000	484	484
Series G	5.20% Non-Cumulative	July 29, 2016	December 1, 2021	5.20	Quarterly	1,000	600,000	583	583
Series H	6.00% Non-Cumulative	November 29, 2016	December 1, 2021	6.00	Quarterly	1,000	500,000	483	483
Total								$4,360	$4,360

__________


⁽¹⁾	Except for Series E, 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

Accumulated other comprehensive income primarily consists of accumulated net unrealized gains or losses associated with available for sale securities, the changes in fair value of derivatives designated as cash flow hedges, unrealized gains and losses on securities held to maturity on the transfer date from the available for sale category and foreign currency translation adjustments. Unrealized gains and losses for securities held to maturity are amortized over the remaining life of the security with no expected impact on future net income as amortization of these gains or losses will be offset by the amortization of the premium or discount created from the transfer of securities from available to sale to held to maturity.

The following table includes the AOCI impacts from the adoption of accounting standards and the changes in AOCI by component for the three months ended March 31, 2019 and 2018.

Table 10.2: Accumulated Other Comprehensive Income (Loss)



(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity			Cash Flow Hedges			Foreign Currency Translation Adjustments⁽¹⁾			Other			Total
AOCI as of December 31, 2018	$	(439	)	$	(190	)	$	(418	)	$	(177	)	$	(39	)	$	(1,263	)
Other comprehensive income (loss) before reclassifications	310			0			111			30			(1		)	450
Amounts reclassified from AOCI into earnings	(18		)	6			166			0			(1		)	153
Other comprehensive income (loss), net of tax	292			6			277			30			(2		)	603
AOCI as of March 31, 2019	$	(147	)	$	(184	)	$	(141	)	$	(147	)	$	(41	)	$	(660	)



(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity			Cash Flow Hedges			Foreign Currency Translation Adjustments⁽¹⁾			Other			Total
AOCI as of December 31, 2017	$	17		$	(524	)	$	(281	)	$	(138	)	$	0		$	(926	)
Cumulative effects from adoption of new accounting standards	3			(113		)	(63		)	0			(28		)	(201		)
Transfer of securities held to maturity to available for sale⁽²⁾	(325		)	407			0			0			0			82
Other comprehensive income (loss) before reclassifications	(254		)	0			(251		)	7			0			(498		)
Amounts reclassified from AOCI into earnings	(6		)	18			(67		)	0			(1		)	(56		)
Other comprehensive income (loss), net of tax	(585		)	425			(318		)	7			(1		)	(472		)
AOCI as of March 31, 2018	$	(565	)	$	(212	)	$	(662	)	$	(131	)	$	(29	)	$	(1,599	)

__________


⁽¹⁾	Includes other comprehensive losses of $34 million and $60 million for the three months ended March 31, 2019 and 2018, respectively, from hedging instruments designated as net investment hedges.


⁽²⁾	In the first quarter of 2018, we made a one-time transfer of held to maturity securities with a carrying value of $9.0 billion to available for sale as a result of our adoption of ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. This transfer resulted in an after-tax gain of $82 million ($107 million pre-tax) to AOCI.

The following table presents the impacts on net income of amounts reclassified from each component of AOCI for the three months ended March 31, 2019 and 2018.

Table 10.3: Reclassifications from AOCI



(Dollars in millions)		Three Months Ended March 31,
AOCI Components	Affected Income Statement Line Item	2019			2018
Securities available for sale:
	Non-interest income	$	24		$	8
	Income tax provision	6			2
	Net income	18			6
Securities held to maturity:⁽¹⁾
	Interest income	(8		)	(24		)
	Income tax provision	(2		)	(6		)
	Net income	(6		)	(18		)
Cash flow hedges:
Interest rate contracts:	Interest income	(60		)	6
Foreign exchange contracts:	Interest income	12			8
	Non-interest income	(172		)	75
	Income from continuing operations before income taxes	(220		)	89
	Income tax provision	(54		)	22
	Net income	(166		)	67
Other:
	Non-interest income and non-interest expense	1			1
	Income tax provision	0			0
	Net income	1			1
Total reclassifications		$	(153	)	$	56

__________

⁽¹⁾

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

The table below summarizes other comprehensive income (loss) activity and the related tax impact for the three months ended March 31, 2019 and 2018.

Table 10.4: Other Comprehensive Income (Loss)



	Three Months Ended March 31,
	2019									2018
(Dollars in millions)	Before Tax			Provision (Benefit)			After Tax			Before Tax			Provision (Benefit)			After Tax
Other comprehensive income (loss):
Net unrealized gains (losses) on securities available for sale	$	384		$	92		$	292		$	(771	)	$	(186	)	$	(585	)
Net changes in securities held to maturity	7			1			6			559			134			425
Net unrealized gains (losses) on cash flow hedges	365			88			277			(418		)	(100		)	(318		)
Foreign currency translation adjustments⁽¹⁾	19			(11		)	30			(12		)	(19		)	7
Other	(2		)	0			(2		)	(1		)	0			(1		)
Other comprehensive income (loss)	$	773		$	170		$	603		$	(643	)	$	(171	)	$	(472	)

__________

⁽¹⁾

Includes the impact of hedging instruments designated as net investment hedges.

Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

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 March 31,
(Dollars and shares in millions, except per share data)	2019			2018
Income from continuing operations, net of tax	$	1,410		$	1,343
Income from discontinued operations, net of tax	2			3
Net income	1,412			1,346
Dividends and undistributed earnings allocated to participating securities	(12		)	(10		)
Preferred stock dividends	(52		)	(52		)
Net income available to common stockholders	$	1,348		$	1,284

Total weighted-average basic shares outstanding	469.4			486.9
Effect of dilutive securities:
Stock options	1.1			2.0
Other contingently issuable shares	1.1			1.2
Warrants⁽¹⁾	0.0			0.7
Total effect of dilutive securities	2.2			3.9
Total weighted-average diluted shares outstanding	471.6			490.8
Basic earnings per common share:
Net income from continuing operations	$	2.87		$	2.63
Income from discontinued operations	0.00			0.01
Net income per basic common share	$	2.87		$	2.64
Diluted earnings per common share:⁽²⁾
Net income from continuing operations	$	2.86		$	2.61
Income from discontinued operations	0.00			0.01
Net income per diluted common share	$	2.86		$	2.62

__________


⁽¹⁾	Represents warrants issued as part of the U.S. Department of Treasury’s Troubled Assets Relief Program which had all been exercised or expired on November 14, 2018.

⁽²⁾

Excluded from the computation of diluted earnings per share were 275 thousand shares related to options with an exercise price of $86.34 for the three months ended March 31, 2019, and 107 thousand shares related to awards for the three months ended March 31, 2018, because their inclusion would be anti-dilutive.

Fair Value Measurement

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurement

NOTE 12—FAIR VALUE MEASUREMENT

Fair value, also referred to as an exit price, 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. 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 Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for 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.

The determination and 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. For additional information on the valuation techniques used in estimating the fair value of our financial assets and liabilities on a recurring basis, see “Note 17—Fair Value Measurement” in our 2018 Form 10-K.

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 participate in the review and validation process. Tasks performed by these groups include periodic verification of fair value measurements to determine if assigned fair values are reasonable, including comparing prices from vendor pricing services to other available market information.

Our Fair Value Committee (“FVC”), which includes representation from business areas, Risk Management and Finance, provides guidance and oversight to ensure an appropriate valuation control environment. The FVC regularly reviews and approves our fair valuations to ensure that our valuation practices are consistent with industry standards and adhere to regulatory and accounting guidance.

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 and fair value measurements. The Model Risk Office validates all models and provides ongoing monitoring of their performance.

The fair value 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 convenes to review escalated valuation disputes.

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 March 31, 2019 and December 31, 2018.

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



	March 31, 2019
	Fair Value Measurements Using						Netting Adjustments⁽¹⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Netting Adjustments⁽¹⁾			Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	4,127	$	0	$	0	—			$	4,127
RMBS	0		34,431		434		—			34,865
CMBS	0		5,313		9		—			5,322
Other securities	198		1,376		0		—			1,574
Total securities available for sale	4,325		41,120		443		—			45,888
Other assets:
Derivative assets⁽²⁾	1		1,178		42		$	(512	)	709
Other⁽³⁾	306		0		155		—			461
Total assets	$	4,632	$	42,298	$	640	$	(512	)	$	47,058
Liabilities:
Other liabilities:
Derivative liabilities⁽²⁾	$	1	$	838	$	36	$	(421	)	$	454
Total liabilities	$	1	$	838	$	36	$	(421	)	$	454



	December 31, 2018
	Fair Value Measurements Using						Netting Adjustments⁽¹⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Netting Adjustments⁽¹⁾			Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	6,144	$	0	$	0	—			$	6,144
RMBS	0		33,212		433		—			33,645
CMBS	0		4,729		10		—			4,739
Other securities	219		1,403		0		—			1,622
Total securities available for sale	6,363		39,344		443		—			46,150
Other assets:
Derivative assets⁽²⁾	0		1,501		38		$	(1,079	)	460
Other⁽³⁾	265		0		158		—			423
Total assets	$	6,628	$	40,845	$	639	$	(1,079	)	$	47,033
Liabilities:
Other liabilities:
Derivative liabilities⁽²⁾	$	0	$	1,153	$	48	$	(287	)	$	914
Total liabilities	$	0	$	1,153	$	48	$	(287	)	$	914

__________


⁽¹⁾	Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty. See “Note 9—Derivative Instruments and Hedging Activities” for additional information.

⁽²⁾

Does not reflect $7 million and $2 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of March 31, 2019 and December 31, 2018, respectively. Non-performance risk is included in derivative assets and liabilities, which are part of other assets and liabilities on the consolidated balance sheets, and is offset through non-interest income in the consolidated statements of income.


⁽³⁾	As of March 31, 2019 and December 31, 2018, other includes retained interests in securitizations of $155 million and $158 million, deferred compensation plan assets of $305 million and $264 million, and equity securities of $1 million and $1 million, respectively.

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 months ended March 31, 2019 and 2018. Generally, transfers into Level 3 were primarily driven by the usage of unobservable assumptions in the pricing of these financial instruments as evidenced by wider pricing variations among pricing vendors and transfers out of Level 3 were primarily driven by the usage of assumptions corroborated by market observable information as evidenced by tighter pricing among multiple pricing sources.

Table 12.2: Level 3 Recurring Fair Value Rollforward



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended March 31, 2019
				Total Gains (Losses) (Realized/Unrealized)																						Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of March 31, 2019⁽¹⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2019			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales		Issuances			Settlements			Transfers Into Level 3		Transfers Out of Level 3			Balance, March 31, 2019
Securities available for sale:⁽²⁾
RMBS	$	433		$	8		$	11	$	0	$	0	$	0		$	(12	)	$	17	$	(23	)	$	434	$	8
CMBS	10			0			0		0		0		0			(1		)	0		0			9		0
Total securities available for sale	443			8			11		0		0		0			(13		)	17		(23		)	443		8
Other assets:
Retained interest in securitizations	158			(3		)	0		0		0		0			0			0		0			155		(3		)
Net derivative assets (liabilities)⁽³⁾	(10		)	5			0		0		0		(6		)	19			0		(2		)	6		6



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended March 31, 2018
			Total Gains (Losses) (Realized/Unrealized)																								Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of March 31, 2018⁽¹⁾
			Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2018		Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances		Settlements			Transfers Into Level 3		Transfers Out of Level 3			Balance, March 31, 2018
Securities available for sale:
RMBS	$	614	$	9		$	(2	)	$	0	$	0		$	0	$	(21	)	$	61	$	(47	)	$	614		$	9
CMBS	14		0			0			0		0			0		(1		)	0		0			13			0
Other securities	5		0			0			0		0			0		0			0		0			5			0
Total securities available for sale	633		9			(2		)	0		0			0		(22		)	61		(47		)	632			9
Other assets:
Consumer MSRs	92		3			0			0		(97		)	2		0			0		0			0			0
Retained interest in securitizations	172		4			0			0		0			0		0			0		0			176			4
Net derivative assets (liabilities)⁽³⁾	13		(22		)	0			0		0			1		(1		)	0		0			(9		)	(22		)

__________


⁽¹⁾	Realized gains (losses) on securities available for sale are included in net securities gains (losses), and retained interests in securitizations are reported as a component of non-interest income in our consolidated statements of income. Gains (losses) on derivatives are included as a component of net interest income or non-interest income in our consolidated statements of income.


⁽²⁾	Net unrealized gains included in other comprehensive income related to Level 3 securities available for sale still held as of March 31, 2019 were $10 million.


⁽³⁾	Includes derivative assets and liabilities of $42 million and $36 million, respectively, as of March 31, 2019, and $36 million and $45 million, respectively, as of March 31, 2018.

Significant Level 3 Fair Value Asset and Liability Inputs

Generally, uncertainties in fair value measurements of financial instruments, such as 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 used to determine the fair values of our Level 3 financial instruments on a recurring basis. We utilize multiple vendor pricing services to obtain fair value for our securities. Several of our vendor pricing services are only able to provide unobservable input information for a limited number of securities due to software licensing restrictions. Other vendor 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. 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 March 31,
2019

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average⁽¹⁾

Securities available for sale:

RMBS

434

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

2-15%
0-15%
0-7%
0-85%

5%
7%
3%
69%

CMBS

Discounted cash flows (vendor pricing)

Yield

Other assets:

Retained interests in securitization⁽²⁾

155

Discounted cash flows

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

1-54
2-15%
4-6%
1-4%
52-98%

N/A

Net derivative assets (liabilities)

Discounted cash flows

Swap rates

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at

December 31,

2018

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average⁽¹⁾

Securities available for sale:

RMBS

433

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

3-11%
0-17%
0-7%
0-75%

5%
5%
3%
65%

CMBS

Discounted cash flows (vendor pricing)

Yield

Other assets:

Retained interests in securitization⁽²⁾

158

Discounted cash flows

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

3-56
3-14%
4-6%
2-4%
50-104%

N/A

Net derivative assets (liabilities)

(10

)

Discounted cash flows

Swap rates

__________


⁽¹⁾	Weighted averages are calculated by using the product of the input multiplied by the relative fair value of the instruments.


⁽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 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 fair value accounting or when we evaluate for impairment).

The following table presents the carrying value of the assets measured at fair value on a nonrecurring basis and still held as of March 31, 2019 and December 31, 2018, and for which a nonrecurring fair value measurement was recorded during three and twelve months then ended.

Table 12.4: Nonrecurring Fair Value Measurements



	March 31, 2019
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3		Total
Loans held for investment	$	0	$	191	$	191
Loans held for sale	192		0		192
Other assets⁽¹⁾	0		55		55
Total	$	192	$	246	$	438



	December 31, 2018
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3		Total
Loans held for investment	$	0	$	129	$	129
Loans held for sale	38		0		38
Other assets⁽¹⁾	0		100		100
Total	$	38	$	229	$	267

__________

⁽¹⁾

As of March 31, 2019, other assets included equity investments accounted for under the measurement alternative of $5 million, repossessed assets of $49 million and long-lived assets held for sale of $1 million. As of December 31, 2018, other assets included equity investments accounted for under the measurement alternative of $24 million, foreclosed property and repossessed assets of $57 million and long-lived assets held for sale of $19 million.

In the above table, loans held for investment are generally 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. The non-recoverable rate ranged from 0% to 60%, with a weighted average of 7%, and from 0% to 84%, with a weighted average of 33%, as of March 31, 2019 and December 31, 2018, respectively. The weighted average non-recoverable rate is calculated based on the estimated market value of the underlying collateral. The significant unobservable inputs and related quantitative information related to fair value of the other assets 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 March 31, 2019 and 2018.

Table 12.5: Nonrecurring Fair Value Measurements Included in Earnings



	Total Gains (Losses)
	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Loans held for investment	$	(75	)	$	(76	)
Loans held for sale	(1		)	0
Other assets⁽¹⁾	(49		)	(11		)
Total	$	(125	)	$	(87	)

__________


⁽¹⁾	Other assets include fair value adjustments related to equity investments accounted for under the measurement alternative, repossessed assets and long-lived assets held for sale.

Fair Value of Financial Instruments

The following table presents the carrying value and estimated fair value, including the level within the fair value hierarchy, of our financial instruments that are not measured at fair value on a recurring basis on our consolidated balance sheets as of March 31, 2019 and December 31, 2018.

Table 12.6: Fair Value of Financial Instruments



	March 31, 2019
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	17,469	$	17,469	$	4,572	$	12,897	$	0
Restricted cash for securitization investors	1,969		1,969		1,969		0		0
Securities held to maturity	36,503		36,955		0		36,922		33
Net loans held for investment	232,960		235,081		0		0		235,081
Loans held for sale	905		920		0		920		0
Interest receivable	1,615		1,615		0		1,615		0
Other investments⁽¹⁾	1,341		1,341		0		1,341		0
Financial liabilities:
Deposits with defined maturities	39,869		39,851		0		39,851		0
Securitized debt obligations	19,273		19,371		0		19,371		0
Senior and subordinated notes	30,645		31,004		0		31,004		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	335		335		0		335		0
Other borrowings⁽²⁾	22		22		0		22		0
Interest payable	382		382		0		382		0



	December 31, 2018
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	13,186	$	13,186	$	4,768	$	8,418	$	0
Restricted cash for securitization investors	303		303		303		0		0
Securities held to maturity	36,771		36,619		0		36,513		106
Net loans held for investment	238,679		241,556		0		0		241,556
Loans held for sale	1,192		1,218		0		1,218		0
Interest receivable	1,614		1,614		0		1,614		0
Other investments⁽¹⁾	1,725		1,725		0		1,725		0
Financial liabilities:
Deposits with defined maturities	38,471		38,279		0		38,279		0
Securitized debt obligations	18,307		18,359		0		18,359		0
Senior and subordinated notes	30,826		30,635		0		30,635		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	352		352		0		352		0
Other borrowings⁽²⁾	9,354		9,354		0		9,354		0
Interest payable	458		458		0		458		0

__________


⁽¹⁾	Other investments include FHLB and Federal Reserve stock. These investments are included in other assets on our consolidated balance sheets.

⁽²⁾

Other borrowings excludes finance lease liabilities.

- 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 and Revenue from Contracts with Customers Business Segments and Revenue from Contracts with Customers (Notes)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Reporting Disclosure

NOTE 13—BUSINESS SEGMENTS AND REVENUE FROM CONTRACTS WITH CUSTOMERS

Our principal operations are organized into three major business segments, which are defined primarily 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, asset/liability management by our centralized Corporate Treasury group and residual tax expense or benefit to arrive at the consolidated effective tax rate that is not assessed to our primary business segments, are included in the Other category.

Basis of Presentation

We report the results of each of our business segments on a continuing operations basis. 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 present 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 18—Business Segments and Revenue from Contracts with Customers” in our 2018 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 or changes in organizational alignment. In the first quarter of 2019, we made a change in how revenue is measured in our Commercial Banking business by revising the allocation of tax benefits on certain tax-advantaged investments. As such, prior period results have been recast to conform with the current period presentation. The result of this measurement change reduced the previously reported total net revenue in our Commercial Banking business by $30 million for the three months ended March 31, 2018, with an offsetting increase in the Other category. This change in measurement of our Commercial Banking revenue did not have any impact to the consolidated financial statements.

The following tables present our business segment results for the three months ended March 31, 2019 and 2018, selected balance sheet data as of March 31, 2019 and 2018, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits.

Table 13.1: Segment Results and Reconciliation



	Three Months Ended March 31, 2019
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾⁽²⁾			Other⁽¹⁾⁽²⁾			Consolidated Total
Net interest income	$	3,590	$	1,679	$	489		$	33		$	5,791
Non-interest income (loss)	950		160		187			(5		)	1,292
Total net revenue	4,540		1,839		676			28			7,083
Provision for credit losses	1,389		235		69			0			1,693
Non-interest expense	2,171		994		417			89			3,671
Income (loss) from continuing operations before income taxes	980		610		190			(61		)	1,719
Income tax provision (benefit)	229		142		44			(106		)	309
Income from continuing operations, net of tax	$	751	$	468	$	146		$	45		$	1,410
Loans held for investment	$	109,836	$	59,248	$	71,189		$	0		$	240,273
Deposits	0		205,439		31,248			18,420			255,107

	Three Months Ended March 31, 2018
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾⁽²⁾			Other⁽¹⁾⁽²⁾			Consolidated Total
Net interest income	$	3,558	$	1,615	$	506		$	39		$	5,718
Non-interest income (loss)	857		174		187			(27		)	1,191
Total net revenue	4,415		1,789		693			12			6,909
Provision (benefit) for credit losses	1,456		233		(14		)	(1		)	1,674
Non-interest expense	2,039		1,000		403			131			3,573
Income (loss) from continuing operations before income taxes	920		556		304			(118		)	1,662
Income tax provision (benefit)	213		130		71			(95		)	319
Income (loss) from continuing operations, net of tax	$	707	$	426	$	233		$	(23	)	$	1,343
Loans held for investment	$	107,576	$	74,674	$	65,953		$	53		$	248,256
Deposits	0		193,073		34,449			23,325			250,847

__________


⁽¹⁾	Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category.

⁽²⁾

In the first quarter of 2019, we made a change in how revenue is measured in our Commercial Banking business by revising the allocation of tax benefits on certain tax-advantaged investments. As such, prior period results have been recast to conform with the current period presentation. The result of this measurement change reduced the previously reported total net revenue in our Commercial Banking business by $30 million for the three months ended March 31, 2018, with an offsetting increase in the Other category.

Revenue from Contracts with Customers

The majority of our revenue from contracts with customers consists of interchange fees in our Credit Card business, service charges and other customer-related fees, and other contract revenue in our Consumer Banking and Commercial Banking businesses. Interchange fees are primarily from our Credit Card business and are recognized upon settlement with the interchange networks, net of rewards earned by customers. Service charges and other customer-related fees within our Consumer Banking business are primarily related to fees earned on consumer deposit accounts for account maintenance and various transaction-based services such as overdrafts and ATM usage. Service charges and other customer-related fees within our Commercial Banking business are mostly related to fees earned on treasury management and capital markets services. Other contract revenue consists primarily of

revenue earned on certain marketing and promotional events from our auto dealers within our Consumer Banking business. Revenue from contracts with customers is included in non-interest income in our consolidated statements of income.

The following tables present revenue from contracts with customers and a reconciliation to non-interest income by business segment for the three months ended March 31, 2019 and 2018.

Table 13.2: Revenue from Contracts with Customers and Reconciliation to Segments Results



	Three Months Ended March 31, 2019
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Contract revenue:
Interchange fees, net⁽²⁾	$	702	$	46	$	11	$	(1	)	$	758
Service charges and other customer-related fees	0		75		25		0			100
Other	12		24		0		0			36
Total contract revenue	714		145		36		(1		)	894
Revenue from other sources	236		15		151		(4		)	398
Total non-interest income	$	950	$	160	$	187	$	(5	)	$	1,292



	Three Months Ended March 31, 2018
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Contract revenue:
Interchange fees, net⁽²⁾	$	594	$	42	$	7	$	0		$	643
Service charges and other customer-related fees	0		98		32		0			130
Other	2		29		0		0			31
Total contract revenue	596		169		39		0			804
Revenue from other sources	261		5		148		(27		)	387
Total non-interest income	$	857	$	174	$	187	$	(27	)	$	1,191

__________


⁽¹⁾	Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reclassifications to the Other category.

⁽²⁾

Interchange fees are presented net of customer reward expenses.

Commitments, Contingencies, Guarantees, and Others

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments, Contingencies, Guarantees and Others

NOTE 14—COMMITMENTS, CONTINGENCIES, GUARANTEES AND OTHERS

Commitments to Lend

Our unfunded lending commitments primarily consist of credit card lines, loan commitments to customers of both our Commercial Banking and Consumer Banking businesses, as well as standby and commercial letters of credit. These commitments, other than credit card lines, are legally binding conditional agreements that have fixed expirations or termination dates and specified interest rates and purposes. The contractual amount of these commitments represents the maximum possible credit risk to us should the counterparty draw upon the commitment. We generally manage the potential risk of unfunded lending commitments by limiting the total amount of arrangements, monitoring the size and maturity structure of these portfolios, and applying the same credit standards for all of our credit activities.

For 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. Commitments to extend credit other than credit card lines 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.

We also issue letters of credit, such as financial standby, performance standby and commercial letters of credit, 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 the results of these reviews are considered in assessing the adequacy of reserves for unfunded lending commitments.

The following table presents the contractual amount and carrying value of our unfunded lending commitments as of March 31, 2019 and December 31, 2018. The carrying value represents our reserve and deferred revenue on legally binding commitments.

Table 14.1: Unfunded Lending Commitments: Contractual Amount and Carrying Value



	Contractual Amount				Carrying Value
(Dollars in millions)	March 31, 2019		December 31, 2018		March 31, 2019		December 31, 2018
Credit card lines	$	352,826	$	346,186	N/A		N/A
Other loan commitments⁽¹⁾	35,446		34,449		$	102	$	95
Standby letters of credit and commercial letters of credit⁽²⁾	1,767		1,792		31		29
Total unfunded lending commitments	$	390,039	$	382,427	$	133	$	124

__________


⁽¹⁾	Includes $1.2 billion and $1.3 billion of advised lines of credit as of March 31, 2019 and December 31, 2018, respectively.


⁽²⁾	These financial guarantees have expiration dates ranging from 2019 to 2025 as of March 31, 2019.

Loss Sharing Agreements and Other Obligations

Within our Commercial Banking business, we originate multifamily commercial real estate loans with the intent to sell them to the GSEs. We enter into loss sharing agreements with the GSEs upon the sale of the loans. 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 liability recognized on our consolidated balance sheets for our loss sharing agreements was $62 million and $59 million as of March 31, 2019 and December 31, 2018, respectively.

U.K. Payment Protection Insurance

In the U.K., we previously sold payment protection insurance (“PPI”). 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. On March 2, 2017, the FCA issued a statement that sets out final rules and guidance on the PPI complaints deadline, which has been set as August 29, 2019. The statement also provides clarity on how to handle PPI complaints under s.140A of the Consumer Credit Act, including guidance on how redress for such complaints should be calculated. The final rules and guidance came into force on August 29, 2017.

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; (v) the number of complaints that fall under s.140A of the Consumer Credit Act; (vi) the number of litigation claims being pursued under s.140A of the Consumer Credit Act; and (vii) 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 U.K. PPI reserve totaled $105 million and $133 million as of March 31, 2019 and December 31, 2018, respectively. For the three months ended March 31, 2019, no additions were made to our reserve. Other movements to the reserve were a combination of utilization of the reserve through customer refund payments and foreign exchange movements. Our best estimate of reasonably possible future losses beyond our reserve as of March 31, 2019 is approximately $100 million.

Litigation

In accordance with the current accounting standards for loss contingencies, we establish reserves for litigation related matters that arise from the ordinary course of our business activities 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. None of the amounts we currently have recorded individually or in the aggregate are considered to be material to our financial condition. 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 estimate reasonably possible losses above existing reserves, and for other disclosed matters, such an estimate is not possible at this time. For those matters below where an estimate is possible, management currently estimates the reasonably possible future losses beyond our reserves as of March 31, 2019 are approximately $1.1 billion. Our reserve and reasonably possible loss estimates involve considerable judgment and reflect that there is still significant uncertainty regarding numerous factors that may impact the ultimate loss levels. 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 agencies, 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

In 2005, a putative class of retail merchants filed antitrust lawsuits against MasterCard and Visa and several issuing banks, including Capital One, seeking both injunctive relief and monetary damages for an alleged conspiracy by defendants to fix the level of interchange fees. Other merchants have asserted similar claims in separate lawsuits, and while these separate cases did not name any issuing banks, Visa, MasterCard and issuers, including Capital One, have entered settlement and judgment sharing agreements allocating the liabilities of any judgment or settlement arising from all interchange-related cases.

The lawsuits were consolidated before the U.S. District Court for the Eastern District of New York for certain purposes and were settled in 2012. The class settlement, however, was invalidated by the United States Court of Appeals for the Second Circuit in June 2016, and the suit was separated into separate class actions seeking injunctive and monetary relief, respectively. In addition, numerous merchant groups opted out of the 2012 settlement and have pursued their own claims. The claims by the injunctive relief class have not been resolved, but the parties reached a new settlement agreement with the monetary damages class in August 2018, whereby the class would receive up to approximately $6.2 billion collectively from the defendants in exchange for a release of their claims, depending on the percentage of class plaintiffs who opt out. The trial court preliminarily approved the settlement in January 2019. Visa and MasterCard have also settled several of the opt-out cases, which required non-material payments from issuing banks, including Capital One. Visa created a litigation escrow account following its initial public offering of stock in 2008 that funds settlements for its member banks, and any settlements related to MasterCard-allocated losses have either already been paid or are reflected in Capital One’s reserves.

Mortgage Representation and Warranty

We face residual exposure related to subsidiaries that originated residential mortgage loans and sold these loans to various purchasers, including purchasers who created securitization trusts. In connection with their sales of mortgage loans, these 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 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. Each of these subsidiaries may be required to repurchase mortgage loans or indemnify certain purchasers and others against losses they incur in the event of certain breaches of these representations and warranties.

The substantial majority of our representation and warranty exposure has been resolved through litigation, and our remaining representation and warranty exposure is almost entirely litigation-related. Accordingly, we establish litigation reserves for representation and warranty losses that we consider to be both probable and reasonably estimable. The reserve process relies heavily on estimates, which are inherently uncertain, and requires the application of judgment. Our reserves and estimates of reasonably possible losses could be impacted by claims which may be brought by securitization trustees and sponsors, bond-insurers, investors, and GSEs, as well as claims brought by governmental agencies.

Anti-Money Laundering

Capital One is subject to an open consent order with the Office of the Comptroller of the Currency (“OCC”) dated July 10, 2015 relating to our anti-money laundering (“AML”) program. In October 2018, Capital One paid a civil monetary penalty of $100 million to resolve the monetary component of the AML consent order.

Capital One continues to be investigated by the New York District Attorney’s Office, the Department of Justice and the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of Treasury primarily with respect to certain former check casher clients of the Commercial Banking business and Capital One’s AML program. Capital One is cooperating with all agencies involved in the investigation. We are in discussions with FinCEN to explore a potential regulatory resolution of its investigation, which could include a monetary penalty.

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, is not expected to be material to our consolidated financial position or our results of operations.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Basis of Presentation

The accompanying unaudited interim 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 the consolidated 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 judgments, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair statement of this interim financial information. Certain prior period amounts have been reclassified to conform to the current period presentation.

New Accounting Standards

Newly Adopted Accounting Standards



Standard	Guidance	Adoption Timing and Financial Statements Impacts
Premium Amortization on Callable Debt Accounting Standards Update (“ASU”) No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities Issued March 2017	Shortens the amortization period from the contractual life to the earliest call date for certain purchased callable debt securities held at a premium.	We adopted this guidance in the first quarter of 2019 using the modified retrospective method of adoption. Our adoption of this standard did not have a material impact on our consolidated financial statements.

Leases ASU No. 2016-02, Leases (Topic 842) Issued February 2016	Requires lessees to recognize right of use assets and lease liabilities on their consolidated balance sheets and disclose key information about all their leasing arrangements, with certain practical expedients.	We adopted this guidance in the first quarter of 2019, using the modified retrospective method of adoption without restating prior periods. We elected the practical expedients that permitted us to not reassess the lease classification of existing leases, whether existing contracts contain a lease or the treatment of initial direct costs on existing leases. Upon adoption, we recorded a lease liability of $1.9 billion and right of use asset of $1.6 billion, which is net of other lease-related balances.

Accounting Standards Issued but Not Adopted as of March 31, 2019



Standard	Guidance	Adoption Timing and Financial Statements Impacts
Cloud Computing ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract Issued August 2018	Aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license).	Effective January 1, 2020, with early adoption permitted, using either the retrospective or prospective method of adoption. We plan to adopt the standard on its effective date and are currently evaluating the expected impact of such adoption.

Goodwill Impairment Test Simplification ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Issued January 2017	Eliminates the second step from the current goodwill impairment test. Under the current guidance, the first step compares a reporting unit’s carrying value to its fair value. If the carrying value exceeds fair value, an entity performs the second step, which assigns the reporting unit’s fair value to its assets and liabilities, including unrecognized assets and liabilities, in the same manner as required in purchase accounting. Under the new guidance, any impairment of a reporting unit’s goodwill is determined based on the amount by which the reporting unit’s carrying value exceeds its fair value, limited to the amount of goodwill allocated to the reporting unit.	Effective January 1, 2020, with early adoption permitted, using the prospective method of adoption. We plan to adopt the standard on its effective date and do not expect such adoption to have a material impact on our consolidated financial statements.



Standard	Guidance	Adoption Timing and Financial Statements Impacts
Current Expected Credit Loss (“CECL”) ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Issued June 2016	Requires the use of current expected credit loss model that is based on expected rather than incurred losses to determine our allowance for credit losses on financial assets measured at amortized cost, certain net investments in leases and certain off-balance sheet arrangements. Replaces current accounting for PCI and impaired loans. Amends the other-than-temporary impairment model for available for sale debt securities to require that credit losses (and subsequent recoveries) be recorded through an allowance approach, rather than through permanent write-downs for credit losses and subsequent accretion of positive changes through interest income over time.	Effective January 1, 2020, with early adoption permitted no earlier than January 1, 2019, using the modified retrospective method of adoption. We plan to adopt the standard on its effective date. We have established a company-wide, cross-functional governance structure for our implementation of this standard. We continue to evaluate industry accounting interpretations, data requirements and necessary changes to our credit loss estimation methods, processes, systems and controls. We have commenced limited parallel testing and expect to perform multiple tests of our full end-to-end allowance process prior to adopting the standard. We continue to assess the potential impact on our consolidated financial statements, related disclosures and regulatory capital. We currently expect our adoption of this guidance will result in an increase to our reserves for credit losses on financial instruments due to the requirement to record expected losses over the remaining contractual lives of our financial instruments; however, the actual impact will depend on the characteristics of our financial instruments, economic conditions, and our economic and loss forecasts at the adoption date.

Offsetting of Financial Assets and Liabilities

Balance Sheet Offsetting of Financial Assets and LiabilitiesDerivative contracts and repurchase agreements that we execute bilaterally in the OTC market are generally governed by enforceable master netting arrangements where we generally have the right to offset exposure with the same counterparty. Either counterparty can generally request to net settle all contracts through a single payment upon default on, or termination of, any one contract. We elect to offset the derivative assets and liabilities under netting arrangements for balance sheet presentation where a right of setoff exists. For derivative contracts entered into under master netting arrangements for which we have not been able to confirm the enforceability of the setoff rights, or those not subject to master netting arrangements, we do not offset our derivative positions for balance sheet presentation.

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Lease Cost

The following tables present our operating lease portfolio and related lease costs as of and for the three months ended March 31, 2019.

Table 2.1 Operating Lease Portfolio



(Dollars in millions)	March 31, 2019
Right-of-use assets	$	1,547
Lease liabilities	1,836
Weighted average remaining lease term	9.2 years
Weighted average discount rate	3.3		%

Table 2.2 Total Operating Lease Expense and Other Information



(Dollars in millions)	Three Months Ended March 31, 2019
Operating lease cost	$	65
Variable lease cost	11
Total lease cost	76
Sublease income	(6		)
Net lease cost	$	70
Cash paid for amounts included in the measurement of lease liabilities	$	82
Right-of-use assets obtained in exchange for lease liabilities	15
Right-of-use assets recognized upon adoption of new lease standard	1,601

Schedule of Future Minimum Lease Payments

The following table presents a maturity analysis of our operating leases and a reconciliation of the undiscounted cash flows to our lease liabilities as of March 31, 2019.

Table 2.3 Maturities of Operating Leases and Reconciliation to Lease Liabilities



(Dollars in millions)	March 31, 2019
2019	$	230
2020	296
2021	266
2022	240
2023	211
Thereafter	928
Total undiscounted lease payments	2,171
Less: Imputed interest	(335		)
Total lease liabilities	$	1,836

Investment Securities (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

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 as of March 31, 2019 and December 31, 2018.

Table 3.1: Investment Securities Available for Sale



	March 31, 2019
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	4,136	$	1	$	(10	)	$	4,127
RMBS:
Agency	33,621		111		(587		)	33,145
Non-agency	1,404		318		(2		)	1,720
Total RMBS	35,025		429		(589		)	34,865
Agency CMBS	5,346		24		(48		)	5,322
Other securities⁽¹⁾	1,575		3		(4		)	1,574
Total investment securities available for sale	$	46,082	$	457	$	(651	)	$	45,888



	December 31, 2018
(Dollars in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	6,146	$	15	$	(17	)	$	6,144
RMBS:
Agency	32,710		62		(869		)	31,903
Non-agency	1,440		304		(2		)	1,742
Total RMBS	34,150		366		(871		)	33,645
Agency CMBS	4,806		11		(78		)	4,739
Other securities⁽¹⁾	1,626		2		(6		)	1,622
Total investment securities available for sale	$	46,728	$	394	$	(972	)	$	46,150

__________

⁽¹⁾

Includes primarily supranational bonds, foreign government bonds and other asset-backed securities.

Investment Securities Held to Maturity

The table below presents the amortized cost, carrying value, gross unrealized gains and losses, and fair value of securities held to maturity as of March 31, 2019 and December 31, 2018.Table 3.2: Investment Securities Held to Maturity



	March 31, 2019
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Agency RMBS	$	32,899	$	(231	)	$	32,668	$	608	$	(169	)	$	33,107
Agency CMBS	3,848		(13		)	3,835		50		(37		)	3,848
Total investment securities held to maturity	$	36,747	$	(244	)	$	36,503	$	658	$	(206	)	$	36,955



	December 31, 2018
(Dollars in millions)	Amortized Cost		Unrealized Losses Recorded in AOCI			Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Agency RMBS	$	33,299	$	(238	)	$	33,061	$	293	$	(377	)	$	32,977
Agency CMBS	3,723		(13		)	3,710		21		(89		)	3,642
Total investment securities held to maturity	$	37,022	$	(251	)	$	36,771	$	314	$	(466	)	$	36,619

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

Table 3.3: Securities in a Gross Unrealized Loss Position



	March 31, 2019
	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	$	2,583	$	(5	)	$	1,085	$	(5	)	$	3,668	$	(10	)
RMBS:
Agency	1,666		(8		)	21,986		(579		)	23,652		(587		)
Non-agency	61		(1		)	9		(1		)	70		(2		)
Total RMBS	1,727		(9		)	21,995		(580		)	23,722		(589		)
Agency CMBS	499		(2		)	2,396		(46		)	2,895		(48		)
Other securities	309		(1		)	475		(3		)	784		(4		)
Total investment securities available for sale in a gross unrealized loss position	$	5,118	$	(17	)	$	25,951	$	(634	)	$	31,069	$	(651	)



	December 31, 2018
	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	$	2,543	$	(3	)	$	1,076	$	(14	)	$	3,619	$	(17	)
RMBS:
Agency	7,863		(260		)	18,118		(609		)	25,981		(869		)
Non-agency	89		(2		)	10		0			99		(2		)
Total RMBS	7,952		(262		)	18,128		(609		)	26,080		(871		)
Agency CMBS	2,004		(31		)	1,540		(47		)	3,544		(78		)
Other securities	244		(1		)	678		(5		)	922		(6		)
Total investment securities available for sale in a gross unrealized loss position	$	12,743	$	(297	)	$	21,422	$	(675	)	$	34,165	$	(972	)

Schedule of Contractual Maturities for Securities

Table 3.4: Contractual Maturities and Weighted-Average Yields of Securities



	March 31, 2019
(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	$	448		$	294		$	3,385		$	0		$	4,127
RMBS⁽¹⁾:
Agency	7			21			780			32,337			33,145
Non-agency	0			0			0			1,720			1,720
Total RMBS	7			21			780			34,057			34,865
Agency CMBS⁽¹⁾	10			1,684			2,380			1,248			5,322
Other securities	247			1,037			272			18			1,574
Total securities available for sale	$	712		$	3,036		$	6,817		$	35,323		$	45,888
Amortized cost of securities available for sale	$	713		$	3,053		$	6,814		$	35,502		$	46,082
Weighted-average yield for securities available for sale	1.57		%	2.46		%	2.71		%	3.30		%	3.13		%
Carrying value of securities held to maturity:
Agency RMBS⁽¹⁾	$	0		$	0		$	89		$	32,579		$	32,668
Agency CMBS⁽¹⁾	0			68			676			3,091			3,835
Total securities held to maturity	$	0		$	68		$	765		$	35,670		$	36,503
Fair value of securities held to maturity	$	0		$	70		$	773		$	36,112		$	36,955
Weighted-average yield for securities held to maturity	N/A			3.55		%	3.16		%	3.37		%	3.36		%

__________


⁽¹⁾	As of March 31, 2019, the weighted-average expected maturities of RMBS and Agency CMBS are 5.9 years and 5.6 years, respectively.

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

Table 3.5: Realized Gains on Securities



	Three Months Ended March 31,
(Dollars in millions)	2019		2018
Realized gains:
Gross realized gains	$	24	$	8
Net securities gains	$	24	$	8
Total proceeds from sales	$	3,074	$	1,058

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

The table below presents the outstanding balance and carrying value of the purchased credit-impaired debt securities as of March 31, 2019 and December 31, 2018.

Table 3.6: Outstanding Balance and Carrying Value of Purchased Credit-Impaired Debt Securities



(Dollars in millions)	March 31, 2019		December 31, 2018
Outstanding balance	$	1,723	$	1,784
Carrying value	1,522		1,537

Schedule of Changes in Accretable Yield of Acquired Securities

The following table presents changes in the accretable yield related to the purchased credit-impaired debt securities for the three months ended March 31, 2019 and 2018.Table 3.7: Changes in the Accretable Yield of Purchased Credit-Impaired Debt Securities



	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Accretable yield, beginning of period	$	698		$	826
Accretion recognized in earnings	(43		)	(39		)
Reduction due to payoffs, disposals, transfers and other	(1		)	(1		)
Net reclassifications (to) from nonaccretable difference	(18		)	8
Accretable yield, end of period	$	636		$	794

Loans (Tables)

3 Months Ended

Mar. 31, 2019

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 as of March 31, 2019 and December 31, 2018. The delinquency aging includes all past due loans, both performing and nonperforming.

Table 4.1: Loan Portfolio Composition and Aging Analysis



	March 31, 2019
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans
Credit Card:
Domestic credit card	$	97,295		$	1,029		$	780		$	1,948		$	3,757		$	0		$	101,052
International card businesses	8,451			124			78			131			333			0			8,784
Total credit card	105,746			1,153			858			2,079			4,090			0			109,836
Consumer Banking:
Auto	52,921			2,321			971			231			3,523			0			56,444
Retail banking	2,755			21			6			19			46			3			2,804
Total consumer banking	55,676			2,342			977			250			3,569			3			59,248
Commercial Banking:
Commercial and multifamily real estate	28,881			37			33			11			81			22			28,984
Commercial and industrial	41,662			217			84			133			434			101			42,197
Total commercial lending	70,543			254			117			144			515			123			71,181
Small-ticket commercial real estate	1			1			0			6			7			0			8
Total commercial banking	70,544			255			117			150			522			123			71,189
Total loans⁽¹⁾	$	231,966		$	3,750		$	1,952		$	2,479		$	8,181		$	126		$	240,273
% of Total loans	96.5		%	1.6		%	0.8		%	1.0		%	3.4		%	0.1		%	100.0		%



	December 31, 2018
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			PCI Loans			Total Loans
Credit Card:
Domestic credit card	$	103,014		$	1,270		$	954		$	2,111		$	4,335		$	1		$	107,350
International card businesses	8,678			127			78			128			333			0			9,011
Total credit card	111,692			1,397			1,032			2,239			4,668			1			116,361
Consumer Banking:
Auto	52,032			2,624			1,326			359			4,309			0			56,341
Retail banking	2,809			23			8			20			51			4			2,864
Total consumer banking	54,841			2,647			1,334			379			4,360			4			59,205
Commercial Banking:
Commercial and multifamily real estate	28,737			101			20			19			140			22			28,899
Commercial and industrial	40,704			135			43			101			279			108			41,091
Total commercial lending	69,441			236			63			120			419			130			69,990
Small-ticket commercial real estate	336			2			1			4			7			0			343
Total commercial banking	69,777			238			64			124			426			130			70,333
Total loans⁽¹⁾	$	236,310		$	4,282		$	2,430		$	2,742		$	9,454		$	135		$	245,899
% of Total loans	96.1		%	1.7		%	1.0		%	1.1		%	3.8		%	0.1		%	100.0		%

__________

⁽¹⁾

Loans, other than PCI loans, include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $870 million and $818 million as of March 31, 2019 and December 31, 2018, respectively.

90 Plus Day Delinquent Loans Accruing Interest and Nonperforming Loans

The following table presents the outstanding balance of loans 90 days or more past due that continue to accrue interest and loans classified as nonperforming as of March 31, 2019 and December 31, 2018. Nonperforming loans generally include loans that have been placed on nonaccrual status. PCI loans are excluded from the table below. See “Note 1—Summary of Significant Accounting Policies” in our 2018 Form 10-K for additional information on our policies for nonperforming loans and accounting for PCI loans.

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



	March 31, 2019				December 31, 2018
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Credit Card:
Domestic credit card	$	1,948	N/A		$	2,111	N/A
International card businesses	124		$	23	122		$	22
Total credit card	2,072		23		2,233		22
Consumer Banking:
Auto	0		321		0		449
Retail banking	0		31		0		30
Total consumer banking	0		352		0		479



	March 31, 2019						December 31, 2018
(Dollars in millions)	> 90 Days and Accruing			Nonperforming Loans			> 90 Days and Accruing			Nonperforming Loans
Commercial Banking:
Commercial and multifamily real estate	$	0		$	69		$	0		$	83
Commercial and industrial	38			301			0			223
Total commercial lending	38			370			0			306
Small-ticket commercial real estate	0			8			0			6
Total commercial banking	38			378			0			312
Total	$	2,110		$	753		$	2,233		$	813
% of Total loans held for investment	0.9		%	0.3		%	0.9		%	0.3		%

Loans and Leases Receivable Disclosure [Line Items]

Impaired Loans

Table 4.8: Impaired Loans



	March 31, 2019
(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	$	659	$	0	$	659	$	172	$	487	$	648
International card businesses	198		0		198		98		100		192
Total credit card⁽¹⁾	857		0		857		270		587		840
Consumer Banking:
Auto	308		37		345		28		317		446
Retail banking	53		0		53		4		49		60
Total consumer banking	361		37		398		32		366		506
Commercial Banking:
Commercial and multifamily real estate	47		60		107		3		104		110
Commercial and industrial	423		146		569		65		504		684
Total commercial lending	470		206		676		68		608		794
Small-ticket commercial real estate	0		7		7		0		7		9
Total commercial banking	470		213		683		68		615		803
Total	$	1,688	$	250	$	1,938	$	370	$	1,568	$	2,149



	December 31, 2018
(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	$	666	$	0	$	666	$	186	$	480	$	654
International card businesses	189		0		189		91		98		183
Total credit card⁽¹⁾	855		0		855		277		578		837
Consumer Banking:
Auto⁽²⁾	301		38		339		22		317		420
Retail banking	42		12		54		5		49		60
Total consumer banking	343		50		393		27		366		480
Commercial Banking:
Commercial and multifamily real estate	92		28		120		5		115		121
Commercial and industrial	301		169		470		29		441		593
Total commercial lending	393		197		590		34		556		714
Small-ticket commercial real estate	0		6		6		0		6		9
Total commercial banking	393		203		596		34		562		723
Total	$	1,591	$	253	$	1,844	$	338	$	1,506	$	2,040



	Three Months Ended March 31,
	2019				2018
(Dollars in millions)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Credit Card:
Domestic credit card	$	663	$	15	$	646	$	16
International card businesses	193		4		178		3
Total credit card⁽¹⁾	856		19		824		19
Consumer Banking:
Auto⁽²⁾	342		10		456		13
Home loan	0		0		229		1
Retail banking	54		0		61		0
Total consumer banking	396		10		746		14
Commercial Banking:
Commercial and multifamily real estate	113		0		106		1
Commercial and industrial	520		4		733		6
Total commercial lending	633		4		839		7
Small-ticket commercial real estate	6		0		6		0
Total commercial banking	639		4		845		7
Total	$	1,891	$	33	$	2,415	$	40

__________


⁽¹⁾	The period-end and average recorded investments of credit card loans include finance charges and fees.

⁽²⁾

2018 amounts include certain TDRs that were recorded as other assets on our consolidated balance sheets.

TDR Disclosures in Progress Financial Impact of Modification

Troubled Debt Restructurings

Loans Modified in TDRs

Table 4.9: Troubled Debt Restructurings



	Total Loans Modified⁽¹⁾		Three Months Ended March 31, 2019
			Reduced Interest Rate				Term Extension
(Dollars in millions)			% of TDR Activity⁽²⁾		Average Rate Reduction		% of TDR Activity⁽²⁾		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	98	100	%	16.42	%	0	%	0
International card businesses	47		100		27.59		0		0
Total credit card	145		100		20.04		0		0
Consumer Banking:
Auto	72		37		3.83		91		7
Retail banking	1		15		13.01		85		6
Total consumer banking	73		37		3.88		91		7
Commercial Banking:
Commercial and multifamily real estate	34		100		0.00		0		0
Commercial and industrial	21		0		0.00		0		0
Total commercial lending	55		62		0.00		0		0
Small-ticket commercial real estate	0		0		0.00		0		0
Total commercial banking	55		61		0.00		0		0
Total	$	273	75		14.64		24		7



	Total Loans Modified⁽¹⁾		Three Months Ended March 31, 2018
			Reduced Interest Rate				Term Extension
(Dollars in millions)			% of TDR Activity⁽²⁾		Average Rate Reduction		% of TDR Activity⁽²⁾		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	113	100	%	15.73	%	0	%	0
International card businesses	50		100		26.86		0		0
Total credit card	163		100		19.17		0		0
Consumer Banking:
Auto⁽³⁾	62		52		3.76		91		7
Home loan	6		28		1.78		83		214
Retail banking	2		11		10.22		81		5
Total consumer banking	70		49		3.71		90		23
Commercial Banking:
Commercial and multifamily real estate	2		0		0.00		100		7
Commercial and industrial	11		0		0.00		100		11
Total commercial lending	13		0		0.00		100		11
Small-ticket commercial real estate	2		0		0.00		0		0
Total commercial banking	15		0		0.00		85		11
Total	$	248	80		16.50		30		21

__________


⁽¹⁾	Represents the recorded investment of total loans modified in TDRs at the end of the quarter in which they were modified. As not every modification type is included in the table above, the total percentage of TDR activity may not add up to 100%. Some loans may receive more than one type of concession as part of the modification.


⁽²⁾	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.


⁽³⁾	Includes certain TDRs that are recorded as other assets on our consolidated balance sheets.

Subsequent Defaults of Completed TDR Modifications

Table 4.10: TDRs—Subsequent Defaults



	Three Months Ended March 31,
	2019			2018
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	14,027	$	29	16,339	$	34
International card businesses	16,706	28		13,939	26
Total credit card	30,733	57		30,278	60
Consumer Banking:
Auto	1,105	13		1,807	21
Home loan	0	0		3	1
Retail banking	8	0		8	0
Total consumer banking	1,113	13		1,818	22
Commercial Banking:
Commercial and industrial	0	0		6	35
Total commercial lending	0	0		6	35
Total commercial banking	0	0		6	35
Total	31,846	$	70	32,102	$	117

Credit Card

Loans and Leases Receivable Disclosure [Line Items]

Risk Profile by Geographic Region

The table below displays the geographic profile of our credit card loan portfolio as of March 31, 2019 and December 31, 2018. Table 4.3: Credit Card Risk Profile by Geographic Region



	March 31, 2019				December 31, 2018
(Dollars in millions)	Amount		% of Total		Amount		% of Total
Domestic credit card:
California	$	10,978	10.0	%	$	11,591	10.0	%
Texas	7,782		7.1		8,173		7.0
New York	6,948		6.3		7,400		6.4
Florida	6,755		6.2		7,086		6.1
Illinois	4,443		4.0		4,761		4.1
Pennsylvania	4,256		3.9		4,575		3.9
Ohio	3,676		3.3		3,967		3.4
New Jersey	3,420		3.1		3,641		3.1
Michigan	3,303		3.0		3,544		3.0
Other	49,491		45.1		52,612		45.3
Total domestic credit card	101,052		92.0		107,350		92.3
International card businesses:
Canada	5,832		5.3		6,023		5.1
United Kingdom	2,952		2.7		2,988		2.6
Total international card businesses	8,784		8.0		9,011		7.7
Total credit card	$	109,836	100.0	%	$	116,361	100.0	%

Net Charge-Offs

The table below presents net charge-offs for the three months ended March 31, 2019 and 2018.

Table 4.4: Credit Card Net Charge-Offs



	Three Months Ended March 31,
	2019				2018
(Dollars in millions)	Amount		Rate⁽¹⁾		Amount		Rate⁽¹⁾
Net charge-offs:⁽¹⁾
Domestic credit card	$	1,294	5.04	%	$	1,321	5.26	%
International card businesses	70		3.20		56		2.49
Total credit card	$	1,364	4.90		$	1,377	5.03

__________

⁽¹⁾

Consumer Banking

Loans and Leases Receivable Disclosure [Line Items]

Risk Profile by Geographic Region

The table below displays the geographic profile of our consumer banking loan portfolio as of March 31, 2019 and December 31, 2018.Table 4.5: Consumer Banking Risk Profile by Geographic Region



	March 31, 2019				December 31, 2018
(Dollars in millions)	Amount		% of Total		Amount		% of Total
Auto:
Texas	$	7,256	12.2	%	$	7,264	12.3	%
California	6,416		10.8		6,352		10.7
Florida	4,645		7.8		4,623		7.8
Georgia	2,638		4.5		2,665		4.5
Ohio	2,521		4.3		2,502		4.2
Pennsylvania	2,161		3.6		2,167		3.7
Illinois	2,156		3.6		2,171		3.7
Louisiana	2,134		3.6		2,174		3.7
Other	26,517		44.9		26,423		44.6
Total auto	56,444		95.3		56,341		95.2
Retail banking:
New York	827		1.4		837		1.4
Louisiana	753		1.3		772		1.3
Texas	628		1.0		647		1.1
New Jersey	193		0.3		201		0.3
Maryland	159		0.3		161		0.3
Virginia	134		0.2		137		0.2
Other	110		0.2		109		0.2
Total retail banking	2,804		4.7		2,864		4.8
Total consumer banking	$	59,248	100.0	%	$	59,205	100.0	%

Net Charge-Offs

Table 4.6: Consumer Banking Net Charge-Offs (Recoveries) and Nonperforming Loans



	Three Months Ended March 31,
	2019				2018
(Dollars in millions)	Amount		Rate⁽¹⁾		Amount			Rate⁽¹⁾
Net charge-offs (recoveries):
Auto	$	203	1.44	%	$	208		1.53	%
Retail banking	18		2.56		16			1.89
Home loan	0		0.00		(1		)	(0.03	)
Total consumer banking	$	221	1.49		$	223		1.19



	March 31, 2019				December 31, 2018
(Dollars in millions)	Amount		Rate⁽²⁾		Amount		Rate⁽²⁾
Nonperforming loans:
Auto	$	321	0.57	%	$	449	0.80	%
Retail banking	31		1.10		30		1.04
Total consumer banking	$	352	0.59		$	479	0.81

__________


⁽¹⁾	Net charge-off (recovery) rate is calculated by dividing annualized net charge-offs (recoveries) by average loans held for investment for the period for each loan category.

⁽²⁾

Nonperforming loan rates are calculated based on nonperforming loans for each category divided by period-end total loans held for investment for each respective category.

Commercial Banking

Loans and Leases Receivable Disclosure [Line Items]

Risk Profile by Geographic Region and Internal Risk Rating

The following table presents the geographic concentration and internal risk ratings of our commercial loan portfolio as of March 31, 2019 and December 31, 2018.

Table 4.7: Commercial Banking Risk Profile by Geographic Region and Internal Risk Rating



	March 31, 2019
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total		Commercial and Industrial		% of Total		Small-Ticket Commercial Real Estate		% of Total		Total Commercial Banking		% of Total
Geographic concentration:⁽¹⁾
Northeast	$	15,559	53.6	%	$	7,714	18.3	%	$	5	62.5	%	$	23,278	32.7	%
Mid-Atlantic	3,366		11.6		4,818		11.4		0		0.0		8,184		11.5
South	4,566		15.8		15,134		35.9		1		12.5		19,701		27.7
Other	5,493		19.0		14,531		34.4		2		25.0		20,026		28.1
Total	$	28,984	100.0	%	$	42,197	100.0	%	$	8	100.0	%	$	71,189	100.0	%
Internal risk rating:⁽²⁾
Noncriticized	$	28,148	97.1	%	$	40,446	95.9	%	$	0	0.0	%	$	68,594	96.4	%
Criticized performing	745		2.6		1,349		3.2		0		0.0		2,094		2.9
Criticized nonperforming	69		0.2		301		0.7		8		100.0		378		0.5
PCI loans	22		0.1		101		0.2		0		0.0		123		0.2
Total	$	28,984	100.0	%	$	42,197	100.0	%	$	8	100.0	%	$	71,189	100.0	%



	December 31, 2018
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total		Commercial and Industrial		% of Total		Small-Ticket Commercial Real Estate		% of Total		Total Commercial Banking		% of Total
Geographic concentration:⁽¹⁾
Northeast	$	15,562	53.8	%	$	7,573	18.4	%	$	213	62.1	%	$	23,348	33.2	%
Mid-Atlantic	3,410		11.8		4,710		11.5		12		3.5		8,132		11.6
South	4,247		14.7		15,367		37.4		20		5.8		19,634		27.9
Other	5,680		19.7		13,441		32.7		98		28.6		19,219		27.3
Total	$	28,899	100.0	%	$	41,091	100.0	%	$	343	100.0	%	$	70,333	100.0	%
Internal risk rating:⁽²⁾
Noncriticized	$	28,239	97.7	%	$	39,468	96.1	%	$	336	98.0	%	$	68,043	96.8	%
Criticized performing	555		1.9		1,292		3.1		1		0.3		1,848		2.6
Criticized nonperforming	83		0.3		223		0.5		6		1.7		312		0.4
PCI loans	22		0.1		108		0.3		0		0.0		130		0.2
Total	$	28,899	100.0	%	$	41,091	100.0	%	$	343	100.0	%	$	70,333	100.0	%

__________


⁽¹⁾	Geographic concentration is generally determined by the location of the borrower’s business or the location of the collateral associated with the loan. Northeast consists of CT, MA, ME, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DC, DE, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MO, MS, NC, SC, TN and TX.

⁽²⁾

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

Allowance for Loan and Lease Losses (Tables)

3 Months Ended

Mar. 31, 2019

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Allowance for Credit Losses on Financing Receivables

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



	March 31, 2019
(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Total
Allowance for loan and lease losses:
Collectively evaluated	$	5,298		$	1,030		$	615		$	6,943
Asset-specific	270			32			68			370
Total allowance for loan and lease losses	$	5,568		$	1,062		$	683		$	7,313
Loans held for investment:
Collectively evaluated	$	108,979		$	58,847		$	70,383		$	238,209
Asset-specific	857			398			683			1,938
PCI loans	0			3			123			126
Total loans held for investment	$	109,836		$	59,248		$	71,189		$	240,273
Allowance coverage ratio⁽¹⁾	5.07		%	1.79		%	0.96		%	3.04		%



	December 31, 2018
(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Total
Allowance for loan and lease losses:
Collectively evaluated	$	5,258		$	1,021		$	603		$	6,882
Asset-specific	277			27			34			338
Total allowance for loan and lease losses	$	5,535		$	1,048		$	637		$	7,220
Loans held for investment:
Collectively evaluated	$	115,505		$	58,808		$	69,607		$	243,920
Asset-specific	855			393			596			1,844
PCI loans	1			4			130			135
Total loans held for investment	$	116,361		$	59,205		$	70,333		$	245,899
Allowance coverage ratio⁽¹⁾	4.76		%	1.77		%	0.91		%	2.94		%

__________

⁽¹⁾

Allowance coverage ratio is calculated by dividing the period-end allowance for loan and lease losses by period-end loans held for investment within the specified loan category.The table below summarizes changes in the allowance for loan and lease losses and reserve for unfunded lending commitments by portfolio segment for the three months ended March 31, 2019 and 2018.

Table 5.1: Allowance for Loan and Lease Losses and Reserve for Unfunded Lending Commitments Activity



(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Total
Allowance for loan and lease losses:
Balance as of December 31, 2018	$	5,535		$	1,048		$	637		$	7,220
Charge-offs	(1,782		)	(471		)	(20		)	(2,273		)
Recoveries⁽¹⁾	418			250			6			674
Net charge-offs	(1,364		)	(221		)	(14		)	(1,599		)
Provision for loan and lease losses	1,389			235			60			1,684
Allowance build for loan and lease losses	25			14			46			85
Other changes⁽²⁾	8			0			0			8
Balance as of March 31, 2019	5,568			1,062			683			7,313
Reserve for unfunded lending commitments:
Balance as of December 31, 2018	0			4			118			122
Provision for losses on unfunded lending commitments	0			0			9			9
Balance as of March 31, 2019	0			4			127			131
Combined allowance and reserve as of March 31, 2019	$	5,568		$	1,066		$	810		$	7,444



(Dollars in millions)	Credit Card			Consumer Banking			Commercial Banking			Other⁽³⁾			Total
Allowance for loan and lease losses:
Balance as of December 31, 2017	$	5,648		$	1,242		$	611		$	1		$	7,502
Charge-offs	(1,825		)	(431		)	(21		)	1			(2,276		)
Recoveries⁽¹⁾	448			208			2			0			658
Net charge-offs	(1,377		)	(223		)	(19		)	1			(1,618		)
Provision (benefit) for loan and lease losses	1,456			234			(5		)	(1		)	1,684
Allowance build (release) for loan and lease losses	79			11			(24		)	0			66
Other changes⁽²⁾	(1		)	0			0			0			(1		)
Balance as of March 31, 2018	5,726			1,253			587			1			7,567
Reserve for unfunded lending commitments:
Balance as of December 31, 2017	0			7			117			0			124
Benefit for losses on unfunded lending commitments	0			(1		)	(9		)	0			(10		)
Balance as of March 31, 2018	0			6			108			0			114
Combined allowance and reserve as of March 31, 2018	$	5,726		$	1,259		$	695		$	1		$	7,681

__________


⁽¹⁾	The amount and timing of recoveries is impacted by our collection strategies, which are based on customer behavior and risk profile and include direct customer communications, repossession of collateral, the periodic sale of charged-off loans as well as additional strategies, such as litigation.


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

⁽³⁾

Includes the legacy loan portfolio of our discontinued GreenPoint mortgage operations.

Schedule of Loss Sharing Arrangement Impact

The table below summarizes the changes in the estimated reimbursements from these partners for the three months ended March 31, 2019 and 2018.Table 5.3: Summary of Loss Sharing Arrangements Impacts



	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Estimated reimbursements from partners, beginning of period	$	379		380
Amounts due from partners which reduced net charge-offs	(108		)	(97		)
Amounts estimated to be charged to partners which reduced provision for credit losses	171			105
Estimated reimbursements from partners, end of period	$	442		$	388

Variable Interest Entities and Securitizations (Tables)

3 Months Ended

Mar. 31, 2019

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



	March 31, 2019
	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⁾	$	32,729	$	19,809	$	0	$	0	$	0
Home loan securitizations	0		0		175		32		496
Total securitization-related VIEs	32,729		19,809		175		32		496
Other VIEs:⁽²⁾
Affordable housing entities	242		13		4,395		1,323		4,395
Entities that provide capital to low-income and rural communities	1,728		108		0		0		0
Other	0		0		530		0		530
Total other VIEs	1,970		121		4,925		1,323		4,925
Total VIEs	$	34,699	$	19,930	$	5,100	$	1,355	$	5,421



	December 31, 2018
	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⁾	$	33,574	$	18,885	$	0	$	0	$	0
Home loan securitizations	0		0		211		74		554
Total securitization-related VIEs	33,574		18,885		211		74		554
Other VIEs:⁽²⁾
Affordable housing entities	243		17		4,238		1,303		4,238
Entities that provide capital to low-income and rural communities	1,739		117		0		0		0
Other	0		0		353		0		353
Total other VIEs	1,982		134		4,591		1,303		4,591
Total VIEs	$	35,556	$	19,019	$	4,802	$	1,377	$	5,145

__________


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

⁽²⁾

External Debt and Receivable Balances of Securitization Programs

The table below presents our continuing involvement in certain securitization-related VIEs as of March 31, 2019 and December 31, 2018.

Table 6.2: Continuing Involvement in Securitization-Related VIEs



(Dollars in millions)	Credit Card		Mortgages
March 31, 2019:
Securities held by third-party investors	$	19,273	$	1,183
Receivables in the trust	31,682		1,209
Cash balance of spread or reserve accounts	0		116
Retained interests	Yes		Yes
Servicing retained	Yes		Yes⁽¹⁾
December 31, 2018:
Securities held by third-party investors	$	18,307	$	1,276
Receivables in the trust	34,197		1,305
Cash balance of spread or reserve accounts	0		116
Retained interests	Yes		Yes
Servicing retained	Yes		Yes⁽¹⁾

__________


⁽¹⁾	We retain servicing on a portion of our remaining mortgage loans in mortgage securitizations.

- 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 Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Goodwill, Intangible Assets and MSRs

Table 7.1: Components of Goodwill, Intangible Assets and MSRs



	March 31, 2019
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization			Net Carrying Amount
Goodwill	$	14,546	N/A			$	14,546
Intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	2,102		$	(1,973	)	129
Core deposit intangibles	209		(209		)	0
Other⁽¹⁾	217		(123		)	94
Total intangible assets	2,528		(2,305		)	223
Total goodwill and intangible assets	$	17,074	$	(2,305	)	$	14,769
Commercial MSRs⁽²⁾	$	482	$	(199	)	$	283

	December 31, 2018
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization			Net Carrying Amount
Goodwill	$	14,544	N/A			$	14,544
Intangible assets:
PCCR intangibles	2,102		$	(1,952	)	150
Core deposit intangibles	1,149		(1,148		)	1
Other⁽¹⁾	271		(168		)	103
Total intangible assets	3,522		(3,268		)	254
Total goodwill and intangible assets	$	18,066	$	(3,268	)	$	14,798
Commercial MSRs⁽²⁾	$	459	$	(185	)	$	274

__________


⁽¹⁾	Primarily consists of intangibles for sponsorship relationships, partnership and other contract intangibles and trade name intangibles.

⁽²⁾

Commercial MSRs are accounted for under the amortization method on our consolidated balance sheets.

Goodwill Attributable to Business Segments

The following table presents changes in the carrying amount of goodwill by each of our business segments as of March 31, 2019 and December 31, 2018.

Table 7.2: Goodwill by Business Segments



(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Balance as of December 31, 2018	$	5,060	$	4,600	$	4,884	$	14,544
Other adjustments⁽¹⁾	2		0		0		2
Balance as of March 31, 2019	$	5,062	$	4,600	$	4,884	$	14,546

__________


⁽¹⁾	Represents foreign currency translation adjustments.

Deposits and Borrowings (Tables)

3 Months Ended

Mar. 31, 2019

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)	March 31, 2019		December 31, 2018
Deposits:
Non-interest-bearing deposits	$	24,908	$	23,483
Interest-bearing deposits⁽¹⁾	230,199		226,281
Total deposits	$	255,107	$	249,764
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	335	$	352
FHLB advances	0		9,050
Total short-term borrowings	$	335	$	9,402



	March 31, 2019						December 31, 2018
(Dollars in millions)	Maturity Dates	Stated Interest Rates	Weighted- Average Interest Rate		Carrying Value		Carrying Value
Long-term debt:
Securitized debt obligations	2019-2025	1.33% - 3.34%	2.34	%	$	19,273	$	18,307
Senior and subordinated notes:
Fixed unsecured senior debt	2019-2028	1.85 - 4.75	3.13		23,027		23,290
Floating unsecured senior debt	2019-2023	3.10 - 3.90	3.48		2,993		2,993
Total unsecured senior debt			3.17		26,020		26,283
Fixed unsecured subordinated debt	2019-2026	3.38 - 8.80	4.09		4,625		4,543
Total senior and subordinated notes					30,645		30,826
Other long-term borrowings:
FHLB advances	2022-2023	4.46 - 5.36	4.95		1		251
Other borrowings	2019-2035	1.00 - 13.38	4.95		104		119
Total other long-term borrowings					105		370
Total long-term debt					$	50,023	$	49,503
Total short-term borrowings and long-term debt					$	50,358	$	58,905

__________

⁽¹⁾

Includes $5.1 billion and $4.0 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of March 31, 2019 and December 31, 2018, respectively.

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets and Liabilities at Fair Value

Table 9.1: Derivative Assets and Liabilities at Fair Value



	March 31, 2019								December 31, 2018
	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	$	52,735	$	24		$	67		$	53,413	$	64		$	28
Cash flow hedges	84,600		138			44			81,200		83			70
Total interest rate contracts	137,335		162			111			134,613		147			98
Foreign exchange contracts:
Cash flow hedges	5,523		42			21			5,745		184			2
Net investment hedges	2,648		32			6			2,607		178			0
Total foreign exchange contracts	8,171		74			27			8,352		362			2
Total derivatives designated as accounting hedges	145,506		236			138			142,965		509			100
Derivatives not designated as accounting hedges:
Customer accommodation:
Interest rate contracts	50,554		295			160			49,386		190			256
Commodity contracts	11,529		553			527			10,673		797			786
Foreign exchange and other contracts	1,698		18			15			1,418		12			11
Total customer accommodation	63,781		866			702			61,477		999			1,053
Other interest rate exposures⁽²⁾	6,065		30			24			6,427		29			36
Other contracts	3,621		89			11			1,636		2			12
Total derivatives not designated as accounting hedges	73,467		985			737			69,540		1,030			1,101
Total derivatives	$	218,973	$	1,221		$	875		$	212,505	$	1,539		$	1,201
Less: netting adjustment⁽³⁾			(512		)	(421		)			(1,079		)	(287		)
Total derivative assets/liabilities			$	709		$	454				$	460		$	914

__________


⁽¹⁾	Derivative assets and liabilities presented above exclude valuation adjustments related to non-performance risk. As of March 31, 2019 and December 31, 2018, the cumulative CVA balances were $7 million and $3 million, respectively. The cumulative DVA balance was approximately $1 million as of both March 31, 2019 and December 31, 2018.


⁽²⁾	Other interest rate exposures include commercial mortgage-related derivatives and interest rate swaps.

⁽³⁾

Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty.

Hedged Item in Fair Value Hedging Relationship

Table 9.2: Hedged Items in Fair Value Hedging Relationships



	March 31, 2019								December 31, 2018
	Carrying Amount Assets/(Liabilities)			Cumulative Amount of Basis Adjustments Included in the Carrying Amount					Carrying Amount Assets/(Liabilities)			Cumulative Amount of Basis Adjustments Included in the Carrying Amount
(Dollars in millions)	Carrying Amount Assets/(Liabilities)			Total Assets/(Liabilities)			Discontinued-Hedging Relationships		Carrying Amount Assets/(Liabilities)			Total Assets/(Liabilities)			Discontinued-Hedging Relationships
Line item on our consolidated balance sheets in which the hedged item is included:
Investment securities available for sale⁽¹⁾⁽²⁾	$	12,519		$	145		$	1	$	14,067		$	(6	)	$	(2	)
Interest-bearing deposits	(13,136		)	155			0		(13,101		)	247			0
Securitized debt obligations	(5,928		)	111			118		(5,887		)	168			143
Senior and subordinated notes	(25,128		)	(5		)	355		(23,572		)	315			392

__________

⁽¹⁾

⁽²⁾

Carrying value represents amortized cost.

Offsetting Assets

Table 9.3: 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 March 31, 2019
Derivative assets⁽¹⁾	$	1,221	$	(265	)	$	(247	)	$	709	$	0	$	709
As of December 31, 2018
Derivative assets⁽¹⁾	1,539		(205		)	(874		)	460		0		460



	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 March 31, 2019
Derivative liabilities⁽¹⁾	$	875	$	(265	)	$	(156	)	$	454	$	0		$	454
Repurchase agreements⁽²⁾	335		0			0			335		(335		)	0
As of December 31, 2018
Derivative liabilities⁽¹⁾	1,201		(205		)	(82		)	914		0			914
Repurchase agreements⁽²⁾	352		0			0			352		(352		)	0

__________

⁽¹⁾

⁽²⁾

Represents customer repurchase agreements that mature the next business day. As of March 31, 2019 and December 31, 2018, we pledged collateral with a fair value of $342 million and $359 million, respectively, under these customer repurchase agreements, which were primarily agency RMBS securities.

Offsetting Liabilities

Table 9.3: 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 March 31, 2019
Derivative assets⁽¹⁾	$	1,221	$	(265	)	$	(247	)	$	709	$	0	$	709
As of December 31, 2018
Derivative assets⁽¹⁾	1,539		(205		)	(874		)	460		0		460



	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 March 31, 2019
Derivative liabilities⁽¹⁾	$	875	$	(265	)	$	(156	)	$	454	$	0		$	454
Repurchase agreements⁽²⁾	335		0			0			335		(335		)	0
As of December 31, 2018
Derivative liabilities⁽¹⁾	1,201		(205		)	(82		)	914		0			914
Repurchase agreements⁽²⁾	352		0			0			352		(352		)	0

__________

⁽¹⁾

⁽²⁾

Effects of Fair Value and Cash Flow Hedge Accounting

Table 9.4: Effects of Fair Value and Cash Flow Hedge Accounting



	Three Months Ended March 31, 2019
	Net Interest Income
(Dollars in millions)	Investment Securities			Loans, Including Loans Held for Sale			Other		Interest-bearing Deposits			Securitized Debt Obligations			Senior and Subordinated Notes
Total amounts presented in our consolidated statements of income	$	655		$	6,368		$	69	$	(817	)	$	(143	)	$	(314	)
Fair value hedging relationships:
Interest rate contracts:
Interest recognized on derivatives	2			0			0		(36		)	(6		)	(11		)
Gains (losses) recognized on derivatives	(111		)	0			0		95			33			281
Gains (losses) recognized on hedged items⁽¹⁾	110			0			0		(92		)	(57		)	(320		)
Net income (expense) recognized on fair value hedges	1			0			0		(33		)	(30		)	(50		)
Cash flow hedging relationships:⁽²⁾
Interest rate contracts:
Realized losses reclassified from AOCI into net income	(4		)	(56		)	0		0			0			0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income⁽³⁾	0			0			12		0			0			0
Net income (expense) recognized on cash flow hedges	$	(4	)	$	(56	)	$	12	$	0		$	0		$	0



	Three Months Ended March 31, 2018
	Net Interest Income
(Dollars in millions)	Investment Securities			Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits			Securitized Debt Obligations			Senior and Subordinated Notes
Total amounts presented in our consolidated statements of income	$	452		$	6,134	$	51	$	(539	)	$	(107	)	$	(251	)
Fair value hedging relationships:
Interest rate contracts:
Interest recognized on derivatives	(8		)	0		0		(2		)	(5		)	10
Gains (losses) recognized on derivatives	100			0		0		(160		)	(101		)	(357		)
Gains (losses) recognized on hedged items⁽¹⁾	(99		)	0		0		155			98			325
Net income (expense) recognized on fair value hedges	$	(7	)	$	0	$	0	$	(7	)	$	(8	)	$	(22	)
Cash flow hedging relationships:⁽²⁾
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income	$	(2	)	$	8	$	0	$	0		$	0		$	0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income⁽³⁾	0			0		8		0			0			0
Net income (expense) recognized on cash flow hedges	$	(2	)	$	8	$	8	$	0		$	0		$	0

__________


⁽¹⁾	Includes amortization of $61 million and $10 million for the three months ended March 31, 2019 and 2018, respectively, related to basis adjustments on discontinued hedges.


⁽²⁾	See “Note 10—Stockholders’ Equity” for the effects of cash flow and net investment hedges on AOCI and amounts reclassified to net income, net of tax.


⁽³⁾	We recognized a loss of $172 million and a gain of $75 million on foreign exchange contracts reclassified from AOCI for the three months ended March 31, 2019 and 2018, respectively. These amounts were entirely offset by the foreign currency transaction gains (losses) on our foreign currency denominated inter-company borrowings included non-interest income.

Gains (Losses) on Free-Standing Derivatives



	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Gains (losses) recognized in other non-interest income:
Customer accommodation:
Interest rate contracts	$	6		$	4
Commodity contracts	2			4
Foreign exchange and other contracts	3			2
Total customer accommodation	11			10
Other interest rate exposures	0			12
Other contracts	(2		)	(20		)
Total	$	9		$	2

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Schedule of Preferred Stock

The following table summarizes the Company’s preferred stock issued and outstanding as of March 31, 2019 and December 31, 2018.

Table 10.1: Preferred Stock Issued and Outstanding⁽¹⁾



			Redeemable by Issuer Beginning	Per Annum Dividend Rate	Dividend Frequency	Liquidation Preference per Share		Carrying Value (in millions)
Series	Description	Issuance Date	Redeemable by Issuer Beginning	Per Annum Dividend Rate	Dividend Frequency	Liquidation Preference per Share	Total Shares Outstanding	March 31, 2019	December 31, 2018
Series B	6.00% Non-Cumulative	August 20, 2012	September 1, 2017	6.00%	Quarterly	$1,000	875,000	$853	$853
Series C	6.25% Non-Cumulative	June 12, 2014	September 1, 2019	6.25	Quarterly	1,000	500,000	484	484
Series D	6.70% Non-Cumulative	October 31, 2014	December 1, 2019	6.70	Quarterly	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	Semi-Annually through 5/31/2020; Quarterly thereafter	1,000	1,000,000	988	988
Series F	6.20% Non-Cumulative	August 24, 2015	December 1, 2020	6.20	Quarterly	1,000	500,000	484	484
Series G	5.20% Non-Cumulative	July 29, 2016	December 1, 2021	5.20	Quarterly	1,000	600,000	583	583
Series H	6.00% Non-Cumulative	November 29, 2016	December 1, 2021	6.00	Quarterly	1,000	500,000	483	483
Total								$4,360	$4,360

__________

⁽¹⁾

Except for Series E, 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 includes the AOCI impacts from the adoption of accounting standards and the changes in AOCI by component for the three months ended March 31, 2019 and 2018.

Table 10.2: Accumulated Other Comprehensive Income (Loss)



(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity			Cash Flow Hedges			Foreign Currency Translation Adjustments⁽¹⁾			Other			Total
AOCI as of December 31, 2018	$	(439	)	$	(190	)	$	(418	)	$	(177	)	$	(39	)	$	(1,263	)
Other comprehensive income (loss) before reclassifications	310			0			111			30			(1		)	450
Amounts reclassified from AOCI into earnings	(18		)	6			166			0			(1		)	153
Other comprehensive income (loss), net of tax	292			6			277			30			(2		)	603
AOCI as of March 31, 2019	$	(147	)	$	(184	)	$	(141	)	$	(147	)	$	(41	)	$	(660	)



(Dollars in millions)	Securities Available for Sale			Securities Held to Maturity			Cash Flow Hedges			Foreign Currency Translation Adjustments⁽¹⁾			Other			Total
AOCI as of December 31, 2017	$	17		$	(524	)	$	(281	)	$	(138	)	$	0		$	(926	)
Cumulative effects from adoption of new accounting standards	3			(113		)	(63		)	0			(28		)	(201		)
Transfer of securities held to maturity to available for sale⁽²⁾	(325		)	407			0			0			0			82
Other comprehensive income (loss) before reclassifications	(254		)	0			(251		)	7			0			(498		)
Amounts reclassified from AOCI into earnings	(6		)	18			(67		)	0			(1		)	(56		)
Other comprehensive income (loss), net of tax	(585		)	425			(318		)	7			(1		)	(472		)
AOCI as of March 31, 2018	$	(565	)	$	(212	)	$	(662	)	$	(131	)	$	(29	)	$	(1,599	)

__________


⁽¹⁾	Includes other comprehensive losses of $34 million and $60 million for the three months ended March 31, 2019 and 2018, respectively, from hedging instruments designated as net investment hedges.


⁽²⁾	In the first quarter of 2018, we made a one-time transfer of held to maturity securities with a carrying value of $9.0 billion to available for sale as a result of our adoption of ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. This transfer resulted in an after-tax gain of $82 million ($107 million pre-tax) to AOCI.

Reclassifications from AOCI

The following table presents the impacts on net income of amounts reclassified from each component of AOCI for the three months ended March 31, 2019 and 2018.

Table 10.3: Reclassifications from AOCI



(Dollars in millions)		Three Months Ended March 31,
AOCI Components	Affected Income Statement Line Item	2019			2018
Securities available for sale:
	Non-interest income	$	24		$	8
	Income tax provision	6			2
	Net income	18			6
Securities held to maturity:⁽¹⁾
	Interest income	(8		)	(24		)
	Income tax provision	(2		)	(6		)
	Net income	(6		)	(18		)
Cash flow hedges:
Interest rate contracts:	Interest income	(60		)	6
Foreign exchange contracts:	Interest income	12			8
	Non-interest income	(172		)	75
	Income from continuing operations before income taxes	(220		)	89
	Income tax provision	(54		)	22
	Net income	(166		)	67
Other:
	Non-interest income and non-interest expense	1			1
	Income tax provision	0			0
	Net income	1			1
Total reclassifications		$	(153	)	$	56

__________

⁽¹⁾

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

The table below summarizes other comprehensive income (loss) activity and the related tax impact for the three months ended March 31, 2019 and 2018.

Table 10.4: Other Comprehensive Income (Loss)



	Three Months Ended March 31,
	2019									2018
(Dollars in millions)	Before Tax			Provision (Benefit)			After Tax			Before Tax			Provision (Benefit)			After Tax
Other comprehensive income (loss):
Net unrealized gains (losses) on securities available for sale	$	384		$	92		$	292		$	(771	)	$	(186	)	$	(585	)
Net changes in securities held to maturity	7			1			6			559			134			425
Net unrealized gains (losses) on cash flow hedges	365			88			277			(418		)	(100		)	(318		)
Foreign currency translation adjustments⁽¹⁾	19			(11		)	30			(12		)	(19		)	7
Other	(2		)	0			(2		)	(1		)	0			(1		)
Other comprehensive income (loss)	$	773		$	170		$	603		$	(643	)	$	(171	)	$	(472	)

__________

⁽¹⁾

Includes the impact of 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31,
(Dollars and shares in millions, except per share data)	2019			2018
Income from continuing operations, net of tax	$	1,410		$	1,343
Income from discontinued operations, net of tax	2			3
Net income	1,412			1,346
Dividends and undistributed earnings allocated to participating securities	(12		)	(10		)
Preferred stock dividends	(52		)	(52		)
Net income available to common stockholders	$	1,348		$	1,284

Total weighted-average basic shares outstanding	469.4			486.9
Effect of dilutive securities:
Stock options	1.1			2.0
Other contingently issuable shares	1.1			1.2
Warrants⁽¹⁾	0.0			0.7
Total effect of dilutive securities	2.2			3.9
Total weighted-average diluted shares outstanding	471.6			490.8
Basic earnings per common share:
Net income from continuing operations	$	2.87		$	2.63
Income from discontinued operations	0.00			0.01
Net income per basic common share	$	2.87		$	2.64
Diluted earnings per common share:⁽²⁾
Net income from continuing operations	$	2.86		$	2.61
Income from discontinued operations	0.00			0.01
Net income per diluted common share	$	2.86		$	2.62

__________


⁽¹⁾	Represents warrants issued as part of the U.S. Department of Treasury’s Troubled Assets Relief Program which had all been exercised or expired on November 14, 2018.

⁽²⁾

Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019 and December 31, 2018.

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



	March 31, 2019
	Fair Value Measurements Using						Netting Adjustments⁽¹⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Netting Adjustments⁽¹⁾			Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	4,127	$	0	$	0	—			$	4,127
RMBS	0		34,431		434		—			34,865
CMBS	0		5,313		9		—			5,322
Other securities	198		1,376		0		—			1,574
Total securities available for sale	4,325		41,120		443		—			45,888
Other assets:
Derivative assets⁽²⁾	1		1,178		42		$	(512	)	709
Other⁽³⁾	306		0		155		—			461
Total assets	$	4,632	$	42,298	$	640	$	(512	)	$	47,058
Liabilities:
Other liabilities:
Derivative liabilities⁽²⁾	$	1	$	838	$	36	$	(421	)	$	454
Total liabilities	$	1	$	838	$	36	$	(421	)	$	454



	December 31, 2018
	Fair Value Measurements Using						Netting Adjustments⁽¹⁾
(Dollars in millions)	Level 1		Level 2		Level 3		Netting Adjustments⁽¹⁾			Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	6,144	$	0	$	0	—			$	6,144
RMBS	0		33,212		433		—			33,645
CMBS	0		4,729		10		—			4,739
Other securities	219		1,403		0		—			1,622
Total securities available for sale	6,363		39,344		443		—			46,150
Other assets:
Derivative assets⁽²⁾	0		1,501		38		$	(1,079	)	460
Other⁽³⁾	265		0		158		—			423
Total assets	$	6,628	$	40,845	$	639	$	(1,079	)	$	47,033
Liabilities:
Other liabilities:
Derivative liabilities⁽²⁾	$	0	$	1,153	$	48	$	(287	)	$	914
Total liabilities	$	0	$	1,153	$	48	$	(287	)	$	914

__________


⁽¹⁾	Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty. See “Note 9—Derivative Instruments and Hedging Activities” for additional information.

⁽²⁾

⁽³⁾

As of March 31, 2019 and December 31, 2018, other includes retained interests in securitizations of $155 million and $158 million, deferred compensation plan assets of $305 million and $264 million, and equity securities of $1 million and $1 million, respectively.

Schedule of Level 3 Inputs Reconciliation

Table 12.2: Level 3 Recurring Fair Value Rollforward



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended March 31, 2019
				Total Gains (Losses) (Realized/Unrealized)																						Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of March 31, 2019⁽¹⁾
				Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2019			Included in Net Income⁽¹⁾			Included in OCI		Purchases		Sales		Issuances			Settlements			Transfers Into Level 3		Transfers Out of Level 3			Balance, March 31, 2019
Securities available for sale:⁽²⁾
RMBS	$	433		$	8		$	11	$	0	$	0	$	0		$	(12	)	$	17	$	(23	)	$	434	$	8
CMBS	10			0			0		0		0		0			(1		)	0		0			9		0
Total securities available for sale	443			8			11		0		0		0			(13		)	17		(23		)	443		8
Other assets:
Retained interest in securitizations	158			(3		)	0		0		0		0			0			0		0			155		(3		)
Net derivative assets (liabilities)⁽³⁾	(10		)	5			0		0		0		(6		)	19			0		(2		)	6		6



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended March 31, 2018
			Total Gains (Losses) (Realized/Unrealized)																								Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of March 31, 2018⁽¹⁾
			Total Gains (Losses) (Realized/Unrealized)
(Dollars in millions)	Balance, January 1, 2018		Included in Net Income⁽¹⁾			Included in OCI			Purchases		Sales			Issuances		Settlements			Transfers Into Level 3		Transfers Out of Level 3			Balance, March 31, 2018
Securities available for sale:
RMBS	$	614	$	9		$	(2	)	$	0	$	0		$	0	$	(21	)	$	61	$	(47	)	$	614		$	9
CMBS	14		0			0			0		0			0		(1		)	0		0			13			0
Other securities	5		0			0			0		0			0		0			0		0			5			0
Total securities available for sale	633		9			(2		)	0		0			0		(22		)	61		(47		)	632			9
Other assets:
Consumer MSRs	92		3			0			0		(97		)	2		0			0		0			0			0
Retained interest in securitizations	172		4			0			0		0			0		0			0		0			176			4
Net derivative assets (liabilities)⁽³⁾	13		(22		)	0			0		0			1		(1		)	0		0			(9		)	(22		)

__________


⁽¹⁾	Realized gains (losses) on securities available for sale are included in net securities gains (losses), and retained interests in securitizations are reported as a component of non-interest income in our consolidated statements of income. Gains (losses) on derivatives are included as a component of net interest income or non-interest income in our consolidated statements of income.


⁽²⁾	Net unrealized gains included in other comprehensive income related to Level 3 securities available for sale still held as of March 31, 2019 were $10 million.

⁽³⁾

Includes derivative assets and liabilities of $42 million and $36 million, respectively, as of March 31, 2019, and $36 million and $45 million, respectively, as of March 31, 2018.

Schedule of Assets and 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 March 31,
2019

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average⁽¹⁾

Securities available for sale:

RMBS

434

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

2-15%
0-15%
0-7%
0-85%

5%
7%
3%
69%

CMBS

Discounted cash flows (vendor pricing)

Yield

Other assets:

Retained interests in securitization⁽²⁾

155

Discounted cash flows

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

1-54
2-15%
4-6%
1-4%
52-98%

N/A

Net derivative assets (liabilities)

Discounted cash flows

Swap rates

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at

December 31,

2018

Significant

Valuation

Techniques

Significant

Unobservable

Inputs

Range

Weighted

Average⁽¹⁾

Securities available for sale:

RMBS

433

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

3-11%
0-17%
0-7%
0-75%

5%
5%
3%
65%

CMBS

Discounted cash flows (vendor pricing)

Yield

Other assets:

Retained interests in securitization⁽²⁾

158

Discounted cash flows

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

3-56
3-14%
4-6%
2-4%
50-104%

N/A

Net derivative assets (liabilities)

(10

)

Discounted cash flows

Swap rates

__________


⁽¹⁾	Weighted averages are calculated by using the product of the input multiplied by the relative fair value of the instruments.

⁽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

Table 12.4: Nonrecurring Fair Value Measurements



	March 31, 2019
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3		Total
Loans held for investment	$	0	$	191	$	191
Loans held for sale	192		0		192
Other assets⁽¹⁾	0		55		55
Total	$	192	$	246	$	438



	December 31, 2018
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3		Total
Loans held for investment	$	0	$	129	$	129
Loans held for sale	38		0		38
Other assets⁽¹⁾	0		100		100
Total	$	38	$	229	$	267

__________

⁽¹⁾

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

Table 12.5: Nonrecurring Fair Value Measurements Included in Earnings



	Total Gains (Losses)
	Three Months Ended March 31,
(Dollars in millions)	2019			2018
Loans held for investment	$	(75	)	$	(76	)
Loans held for sale	(1		)	0
Other assets⁽¹⁾	(49		)	(11		)
Total	$	(125	)	$	(87	)

__________

⁽¹⁾

Other assets include fair value adjustments related to equity investments accounted for under the measurement alternative, repossessed assets and long-lived assets held for sale.

Schedule of Fair Value of Financial Instruments

Table 12.6: Fair Value of Financial Instruments



	March 31, 2019
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	17,469	$	17,469	$	4,572	$	12,897	$	0
Restricted cash for securitization investors	1,969		1,969		1,969		0		0
Securities held to maturity	36,503		36,955		0		36,922		33
Net loans held for investment	232,960		235,081		0		0		235,081
Loans held for sale	905		920		0		920		0
Interest receivable	1,615		1,615		0		1,615		0
Other investments⁽¹⁾	1,341		1,341		0		1,341		0
Financial liabilities:
Deposits with defined maturities	39,869		39,851		0		39,851		0
Securitized debt obligations	19,273		19,371		0		19,371		0
Senior and subordinated notes	30,645		31,004		0		31,004		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	335		335		0		335		0
Other borrowings⁽²⁾	22		22		0		22		0
Interest payable	382		382		0		382		0



	December 31, 2018
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	13,186	$	13,186	$	4,768	$	8,418	$	0
Restricted cash for securitization investors	303		303		303		0		0
Securities held to maturity	36,771		36,619		0		36,513		106
Net loans held for investment	238,679		241,556		0		0		241,556
Loans held for sale	1,192		1,218		0		1,218		0
Interest receivable	1,614		1,614		0		1,614		0
Other investments⁽¹⁾	1,725		1,725		0		1,725		0
Financial liabilities:
Deposits with defined maturities	38,471		38,279		0		38,279		0
Securitized debt obligations	18,307		18,359		0		18,359		0
Senior and subordinated notes	30,826		30,635		0		30,635		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	352		352		0		352		0
Other borrowings⁽²⁾	9,354		9,354		0		9,354		0
Interest payable	458		458		0		458		0

__________


⁽¹⁾	Other investments include FHLB and Federal Reserve stock. These investments are included in other assets on our consolidated balance sheets.

⁽²⁾

Other borrowings excludes finance lease liabilities.

Business Segments and Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Results and Reconciliation

Table 13.1: Segment Results and Reconciliation



	Three Months Ended March 31, 2019
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾⁽²⁾			Other⁽¹⁾⁽²⁾			Consolidated Total
Net interest income	$	3,590	$	1,679	$	489		$	33		$	5,791
Non-interest income (loss)	950		160		187			(5		)	1,292
Total net revenue	4,540		1,839		676			28			7,083
Provision for credit losses	1,389		235		69			0			1,693
Non-interest expense	2,171		994		417			89			3,671
Income (loss) from continuing operations before income taxes	980		610		190			(61		)	1,719
Income tax provision (benefit)	229		142		44			(106		)	309
Income from continuing operations, net of tax	$	751	$	468	$	146		$	45		$	1,410
Loans held for investment	$	109,836	$	59,248	$	71,189		$	0		$	240,273
Deposits	0		205,439		31,248			18,420			255,107

	Three Months Ended March 31, 2018
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾⁽²⁾			Other⁽¹⁾⁽²⁾			Consolidated Total
Net interest income	$	3,558	$	1,615	$	506		$	39		$	5,718
Non-interest income (loss)	857		174		187			(27		)	1,191
Total net revenue	4,415		1,789		693			12			6,909
Provision (benefit) for credit losses	1,456		233		(14		)	(1		)	1,674
Non-interest expense	2,039		1,000		403			131			3,573
Income (loss) from continuing operations before income taxes	920		556		304			(118		)	1,662
Income tax provision (benefit)	213		130		71			(95		)	319
Income (loss) from continuing operations, net of tax	$	707	$	426	$	233		$	(23	)	$	1,343
Loans held for investment	$	107,576	$	74,674	$	65,953		$	53		$	248,256
Deposits	0		193,073		34,449			23,325			250,847

__________


⁽¹⁾	Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category.

⁽²⁾

Disaggregation of Revenue

The following tables present revenue from contracts with customers and a reconciliation to non-interest income by business segment for the three months ended March 31, 2019 and 2018.

Table 13.2: Revenue from Contracts with Customers and Reconciliation to Segments Results



	Three Months Ended March 31, 2019
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Contract revenue:
Interchange fees, net⁽²⁾	$	702	$	46	$	11	$	(1	)	$	758
Service charges and other customer-related fees	0		75		25		0			100
Other	12		24		0		0			36
Total contract revenue	714		145		36		(1		)	894
Revenue from other sources	236		15		151		(4		)	398
Total non-interest income	$	950	$	160	$	187	$	(5	)	$	1,292



	Three Months Ended March 31, 2018
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Contract revenue:
Interchange fees, net⁽²⁾	$	594	$	42	$	7	$	0		$	643
Service charges and other customer-related fees	0		98		32		0			130
Other	2		29		0		0			31
Total contract revenue	596		169		39		0			804
Revenue from other sources	261		5		148		(27		)	387
Total non-interest income	$	857	$	174	$	187	$	(27	)	$	1,191

__________


⁽¹⁾	Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reclassifications to the Other category.

⁽²⁾

Interchange fees are presented net of customer reward expenses.

Commitments, Contingencies, Guarantees, and Others (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Letter of Credit and Other Loan Commitments

Table 14.1: Unfunded Lending Commitments: Contractual Amount and Carrying Value



	Contractual Amount				Carrying Value
(Dollars in millions)	March 31, 2019		December 31, 2018		March 31, 2019		December 31, 2018
Credit card lines	$	352,826	$	346,186	N/A		N/A
Other loan commitments⁽¹⁾	35,446		34,449		$	102	$	95
Standby letters of credit and commercial letters of credit⁽²⁾	1,767		1,792		31		29
Total unfunded lending commitments	$	390,039	$	382,427	$	133	$	124

__________


⁽¹⁾	Includes $1.2 billion and $1.3 billion of advised lines of credit as of March 31, 2019 and December 31, 2018, respectively.

⁽²⁾

These financial guarantees have expiration dates ranging from 2019 to 2025 as of March 31, 2019.

Summary of Significant Accounting Policies - Segments (Details)	3 Months Ended
	Mar. 31, 2019 Segment
Accounting Policies [Abstract]
Number of operating segments	3

Summary of Significant Accounting Policies Newly Adopted and Recently Issued But Not Yet Adopted ASU (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Securities held to maturity	$ 36,503	$ 36,771
Accumulated other comprehensive loss	(660)	$ (1,263)	$ (1,599)	$ (926)
Lease liabilities	1,836
Right-of-use assets	1,547
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease liabilities	1,900
Right-of-use assets	$ 1,601

Leases - Operating Lease Portfolio and Related Lease Costs (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 1,547
Lease liabilities	$ 1,836
Weighted average remaining lease term	9 years 2 months 12 days
Weighted average discount rate	3.30%
Operating lease cost	$ 65
Variable lease cost	11
Total lease cost	76
Sublease income	(6)
Net lease cost	70
Cash paid for amounts included in the measurement of lease liabilities	82
Right-of-use assets obtained in exchange for lease liabilities	15
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Right-of-use assets	1,601
Lease liabilities	$ 1,900

Leases - Future Minimum Lease Payments (Details) $ in Millions	Mar. 31, 2019 USD ($)
Leases [Abstract]
2019	$ 230
2020	296
2021	266
2022	240
2023	211
Thereafter	928
Total undiscounted lease payments	2,171
Less: Imputed interest	(335)
Total lease liabilities	$ 1,836

Leases - Additional Information (Details) $ in Millions	3 Months Ended
Leases - Additional Information (Details) $ in Millions	Mar. 31, 2019 USD ($)
Leases [Abstract]
Finance lease, right-of-use asset	$ 79
Finance lease liability	$ 83
Finance lease, weighted average remaining lease term	6 years 7 months 6 days
Finance lease expense	$ 5

Investment Securities - Additional Information (Details) $ in Millions	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Mar. 31, 2018 USD ($)
Debt Securities, Available-for-sale [Line Items]
Securities available for sale	$ 45,888	$ 46,150
Securities held to maturity	$ 36,503	36,771
Debt securities, available-for-sale, unrealized loss position, number of positions	1,130
Debt securities, available-for-sale, unrealized loss position, accumulated loss	$ 651	972
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	$ 634	675
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions	250
Debt securities, held-to-maturity, unrealized loss position, accumulated loss	$ 206
OTTI, credit losses recognized in earnings	140	140
Derivative, collateral, obligation to return securities	$ 1	$ 1
Investment securities portfolio \| US Treasury and Agency securities
Debt Securities, Available-for-sale [Line Items]
Percentage of portfolio	96.00%	96.00%
ASU 2017-12
Debt Securities, Available-for-sale [Line Items]
Securities held to maturity			$ 9,000
Collateral pledged
Debt Securities, Available-for-sale [Line Items]
Debt securities, held-to-maturity, restricted	$ 15,900	$ 16,300

Investment Securities - Schedule of Available-for-Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 46,082	$ 46,728
Gross Unrealized Gains	457	394
Gross Unrealized Losses	(651)	(972)
Fair Value	45,888	46,150
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,136	6,146
Gross Unrealized Gains	1	15
Gross Unrealized Losses	(10)	(17)
Fair Value	4,127	6,144
RMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	33,621	32,710
Gross Unrealized Gains	111	62
Gross Unrealized Losses	(587)	(869)
Fair Value	33,145	31,903
RMBS, Non-agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,404	1,440
Gross Unrealized Gains	318	304
Gross Unrealized Losses	(2)	(2)
Fair Value	1,720	1,742
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	35,025	34,150
Gross Unrealized Gains	429	366
Gross Unrealized Losses	(589)	(871)
Fair Value	34,865	33,645
CMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,346	4,806
Gross Unrealized Gains	24	11
Gross Unrealized Losses	(48)	(78)
Fair Value	5,322	4,739
Other securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,575	1,626
Gross Unrealized Gains	3	2
Gross Unrealized Losses	(4)	(6)
Fair Value	$ 1,574	$ 1,622

Investment Securities - Investment Securities Held to Maturity (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 36,747	$ 37,022
Unrealized Losses Recorded in AOCI	(244)	(251)
Carrying Value	36,503	36,771
Gross Unrealized Gains	658	314
Gross Unrealized Losses	(206)	(466)
Fair Value	36,955	36,619
RMBS, Agency
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	32,899	33,299
Unrealized Losses Recorded in AOCI	(231)	(238)
Carrying Value	32,668	33,061
Gross Unrealized Gains	608	293
Gross Unrealized Losses	(169)	(377)
Fair Value	33,107	32,977
CMBS, Agency
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	3,848	3,723
Unrealized Losses Recorded in AOCI	(13)	(13)
Carrying Value	3,835	3,710
Gross Unrealized Gains	50	21
Gross Unrealized Losses	(37)	(89)
Fair Value	$ 3,848	$ 3,642

Investment Securities - Schedule of Available-for-Sale Securities in Gross Unrealized Loss Position (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Fair Value
Less than 12 Months	$ 5,118	$ 12,743
12 Months or Longer	25,951	21,422
Total	31,069	34,165
Gross Unrealized Losses
Less than 12 Months	(17)	(297)
12 Months or Longer	(634)	(675)
Total	(651)	(972)
U.S. Treasury securities
Fair Value
Less than 12 Months	2,583	2,543
12 Months or Longer	1,085	1,076
Total	3,668	3,619
Gross Unrealized Losses
Less than 12 Months	(5)	(3)
12 Months or Longer	(5)	(14)
Total	(10)	(17)
RMBS, Agency
Fair Value
Less than 12 Months	1,666	7,863
12 Months or Longer	21,986	18,118
Total	23,652	25,981
Gross Unrealized Losses
Less than 12 Months	(8)	(260)
12 Months or Longer	(579)	(609)
Total	(587)	(869)
RMBS, Non-agency
Fair Value
Less than 12 Months	61	89
12 Months or Longer	9	10
Total	70	99
Gross Unrealized Losses
Less than 12 Months	(1)	(2)
12 Months or Longer	(1)	0
Total	(2)	(2)
RMBS
Fair Value
Less than 12 Months	1,727	7,952
12 Months or Longer	21,995	18,128
Total	23,722	26,080
Gross Unrealized Losses
Less than 12 Months	(9)	(262)
12 Months or Longer	(580)	(609)
Total	(589)	(871)
CMBS, Agency
Fair Value
Less than 12 Months	499	2,004
12 Months or Longer	2,396	1,540
Total	2,895	3,544
Gross Unrealized Losses
Less than 12 Months	(2)	(31)
12 Months or Longer	(46)	(47)
Total	(48)	(78)
Other securities
Fair Value
Less than 12 Months	309	244
12 Months or Longer	475	678
Total	784	922
Gross Unrealized Losses
Less than 12 Months	(1)	(1)
12 Months or Longer	(3)	(5)
Total	$ (4)	$ (6)

Investment Securities - Schedule of Contractual Maturities and Weighted-Average Yields of Securities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Securities available for sale
Due in 1 year or less	$ 712
Due after 1 year through 5 years	3,036
Due after 5 years through 10 years	6,817
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	35,323
Securities available for sale	45,888	$ 46,150
Amortized cost of securities available for sale
Due in 1 year or less	713
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost	3,053
Due after 5 years through 10 years	6,814
Due 10 Years	35,502
Amortized Cost	$ 46,082	46,728
Weighted average yield for securities available for sale
Due in 1 Year or Less	1.57%
Due 1 Year through 5 Years	2.46%
Due 5 Years through 10 Years	2.71%
Due 10 Years	3.30%
Total weighted average yield	3.13%
Carrying value of securities held to maturity
Due in 1 year or less	$ 0
Due 1 year through 5 years	68
Due after 5 years through 10 years	765
Due after 10 years	35,670
Carrying Value	36,503	36,771
Fair value of securities held to maturity
Due in 1 Year or Less	0
Due 1 Year through 5 Years	70
Due 5 Years through 10 Years	773
Due 10 Years	36,112
Fair Value	$ 36,955	36,619
Weighted average yield for securities held to maturity
Due 1 Year through 5 Years	3.55%
Due 5 Years through 10 Years	3.16%
Due 10 Years	3.37%
Total weighted average yield	3.36%
U.S. Treasury securities
Securities available for sale
Due in 1 year or less	$ 448
Due after 1 year through 5 years	294
Due after 5 years through 10 years	3,385
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	0
Securities available for sale	4,127	6,144
Amortized cost of securities available for sale
Amortized Cost	4,136	6,146
RMBS, Agency
Securities available for sale
Due in 1 year or less	7
Due after 1 year through 5 years	21
Due after 5 years through 10 years	780
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	32,337
Securities available for sale	33,145	31,903
Amortized cost of securities available for sale
Amortized Cost	33,621	32,710
Carrying value of securities held to maturity
Due in 1 year or less	0
Due 1 year through 5 years	0
Due after 5 years through 10 years	89
Due after 10 years	32,579
Carrying Value	32,668	33,061
Fair value of securities held to maturity
Fair Value	33,107	32,977
RMBS, Non-agency
Securities available for sale
Due in 1 year or less	0
Due after 1 year through 5 years	0
Due after 5 years through 10 years	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	1,720
Securities available for sale	1,720	1,742
Amortized cost of securities available for sale
Amortized Cost	1,404	1,440
RMBS
Securities available for sale
Due in 1 year or less	7
Due after 1 year through 5 years	21
Due after 5 years through 10 years	780
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	34,057
Securities available for sale	34,865	33,645
Amortized cost of securities available for sale
Amortized Cost	$ 35,025	34,150
Weighted average yield for securities held to maturity
Weighted-average expected life	5 years 10 months 24 days
CMBS, Agency
Securities available for sale
Due in 1 year or less	$ 10
Due after 1 year through 5 years	1,684
Due after 5 years through 10 years	2,380
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	1,248
Securities available for sale	5,322	4,739
Amortized cost of securities available for sale
Amortized Cost	5,346	4,806
Carrying value of securities held to maturity
Due in 1 year or less	0
Due 1 year through 5 years	68
Due after 5 years through 10 years	676
Due after 10 years	3,091
Carrying Value	3,835	3,710
Fair value of securities held to maturity
Fair Value	3,848	3,642
Other securities
Securities available for sale
Due in 1 year or less	247
Due after 1 year through 5 years	1,037
Due after 5 years through 10 years	272
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	18
Securities available for sale	1,574	1,622
Amortized cost of securities available for sale
Amortized Cost	$ 1,575	$ 1,626
CMBS
Weighted average yield for securities held to maturity
Weighted-average expected life	5 years 7 months 6 days

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
	Mar. 31, 2019	Mar. 31, 2018
Realized gains:
Gross realized gains	$ 24	$ 8
OTTI recognized in earnings:
Net securities gains	24	8
Total proceeds from sales	$ 3,074	$ 1,058

Investment Securities - Schedule of Outstanding Contractual Balance and Carrying Value of Acquired Credit-Impaired Debt Securities (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Outstanding Balance and Carrying Value of Acquired Securities
Outstanding balance	$ 1,723	$ 1,784
Carrying value	$ 1,522	$ 1,537

Investment Securities - Schedule of Changes in Accretable Yield of Acquired Securities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Changes in Accretable Yield of Acquired Securities [Roll Forward]
Accretable yield, beginning balance	$ 698	$ 826
Accretion recognized in earnings	(43)	(39)
Reduction due to payoffs, disposals, transfers and other	(1)	(1)
Net reclassifications (to) from nonaccretable difference	(18)	8
Accretable yield, ending balance	$ 636	$ 794

Loans - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale, at lower of cost or fair value	$ 905	$ 1,192
Loans and Leases Receivable, Impaired, Commitment to Lend	232	256
Performing
Loans and Leases Receivable Disclosure [Line Items]
Troubled debt restructurings included in impaired loans	1,700	1,600
Federal Home Loan banks
Loans and Leases Receivable Disclosure [Line Items]
Loans Pledged as Collateral	15,300	15,800
Line of Credit Facility, Remaining Borrowing Capacity	18,800	19,300
Federal Reserve Discount Window
Loans and Leases Receivable Disclosure [Line Items]
Loans Pledged as Collateral	8,400	9,200
Line of Credit Facility, Remaining Borrowing Capacity	7,000	7,600
Consumer Banking \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Troubled debt restructurings included in impaired loans	1,200	1,200
Commercial Banking \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Troubled debt restructurings included in impaired loans	$ 300	$ 282

Loans - 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 2,110	$ 2,233
Nonperforming Loans	$ 753	$ 813
Percentage, 90 Days Past Due and Accruing	0.90%	0.90%
Percentage, Nonperforming Loans	0.30%	0.30%
Credit Card
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 2,072	$ 2,233
Nonperforming Loans	23	22
Credit Card \| Domestic credit card
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	1,948	2,111
Credit Card \| International card business
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	124	122
Nonperforming Loans	23	22
Consumer Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	0	0
Nonperforming Loans	$ 352	$ 479
Percentage, Nonperforming Loans	0.59%	0.81%
Consumer Banking \| Auto
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 0	$ 0
Nonperforming Loans	$ 321	$ 449
Percentage, Nonperforming Loans	0.57%	0.80%
Consumer Banking \| Retail banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 0	$ 0
Nonperforming Loans	$ 31	$ 30
Percentage, Nonperforming Loans	1.10%	1.04%
Commercial Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	$ 38	$ 0
Nonperforming Loans	378	312
Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	38	0
Nonperforming Loans	370	306
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	0	0
Nonperforming Loans	69	83
Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 Days Past Due and Accruing	38	0
Nonperforming Loans	301	223
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	$ 8	$ 6

Loans - Credit Card: Risk Profile by Geographic Region (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 240,273	$ 245,899	$ 248,256
Credit Card
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 109,836	$ 116,361
Percentage of portfolio	100.00%	100.00%
Credit Card \| California
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 10,978	$ 11,591
Percentage of portfolio	10.00%	10.00%
Credit Card \| Texas
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 7,782	$ 8,173
Percentage of portfolio	7.10%	7.00%
Credit Card \| New York
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 6,948	$ 7,400
Percentage of portfolio	6.30%	6.40%
Credit Card \| Florida
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 6,755	$ 7,086
Percentage of portfolio	6.20%	6.10%
Credit Card \| Illinois
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 4,443	$ 4,761
Percentage of portfolio	4.00%	4.10%
Credit Card \| Pennsylvania
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 4,256	$ 4,575
Percentage of portfolio	3.90%	3.90%
Credit Card \| Ohio
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 3,676	$ 3,967
Percentage of portfolio	3.30%	3.40%
Credit Card \| New Jersey
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 3,420	$ 3,641
Percentage of portfolio	3.10%	3.10%
Credit Card \| Michigan
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 3,303	$ 3,544
Percentage of portfolio	3.00%	3.00%
Credit Card \| Other
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 49,491	$ 52,612
Percentage of portfolio	45.10%	45.30%
Credit Card \| Canada
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 5,832	$ 6,023
Percentage of portfolio	5.30%	5.10%
Credit Card \| United Kingdom
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,952	$ 2,988
Percentage of portfolio	2.70%	2.60%
Credit Card \| Domestic credit card
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 101,052	$ 107,350
Percentage of portfolio	92.00%	92.30%
Credit Card \| International card business
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 8,784	$ 9,011
Percentage of portfolio	8.00%	7.70%

Loans - Credit Card: Net Charge-Offs (Detail) - Credit Card - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Net charge-offs	$ 1,364	$ 1,377
Net charge-offs rate	4.90%	5.03%
Domestic credit card
Loans and Leases Receivable Disclosure [Line Items]
Net charge-offs	$ 1,294	$ 1,321
Net charge-offs rate	5.04%	5.26%
International card business
Loans and Leases Receivable Disclosure [Line Items]
Net charge-offs	$ 70	$ 56
Net charge-offs rate	3.20%	2.49%

Loans - Consumer Banking: Risk Profile by Geographic Region (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 240,273	$ 245,899	$ 248,256
Consumer Banking
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 59,248	$ 59,205
Percentage of portfolio	100.00%	100.00%
Consumer Banking \| Auto
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 56,444	$ 56,341
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 56,444	$ 56,341
Percentage of portfolio	95.30%	95.20%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Texas
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 7,256	$ 7,264
Percentage of portfolio	12.20%	12.30%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| California
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 6,416	$ 6,352
Percentage of portfolio	10.80%	10.70%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Florida
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 4,645	$ 4,623
Percentage of portfolio	7.80%	7.80%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Georgia
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,638	$ 2,665
Percentage of portfolio	4.50%	4.50%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Ohio
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,521	$ 2,502
Percentage of portfolio	4.30%	4.20%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Louisiana
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,134	$ 2,174
Percentage of portfolio	3.60%	3.70%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Illinois
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,156	$ 2,171
Percentage of portfolio	3.60%	3.70%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Pennsylvania
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,161	$ 2,167
Percentage of portfolio	3.60%	3.70%
Consumer Banking \| Auto \| Loans receivable \| Geographic concentration risk \| Other
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 26,517	$ 26,423
Percentage of portfolio	44.90%	44.60%
Consumer Banking \| Retail banking
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,804	$ 2,864
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 2,804	$ 2,864
Percentage of portfolio	4.70%	4.80%
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk \| Texas
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 628	$ 647
Percentage of portfolio	1.00%	1.10%
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk \| Louisiana
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 753	$ 772
Percentage of portfolio	1.30%	1.30%
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk \| Other
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 110	$ 109
Percentage of portfolio	0.20%	0.20%
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk \| New York
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 827	$ 837
Percentage of portfolio	1.40%	1.40%
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk \| New Jersey
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 193	$ 201
Percentage of portfolio	0.30%	0.30%
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk \| Maryland
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 159	$ 161
Percentage of portfolio	0.30%	0.30%
Consumer Banking \| Retail banking \| Loans receivable \| Geographic concentration risk \| Virginia
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment	$ 134	$ 137
Percentage of portfolio	0.20%	0.20%

Loans - Consumer Banking: Net Charge-Offs and Nonperforming Loans (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Nonperforming loans	$ 753		$ 813
Nonperforming loans rate	0.30%		0.30%
Consumer Banking
Loans and Leases Receivable Disclosure [Line Items]
Net charge-offs	$ 221	$ 223
Net charge-offs rate	1.49%	1.19%
Nonperforming loans	$ 352		$ 479
Nonperforming loans rate	0.59%		0.81%
Consumer Banking \| Auto
Loans and Leases Receivable Disclosure [Line Items]
Net charge-offs	$ 203	$ 208
Net charge-offs rate	1.44%	1.53%
Nonperforming loans	$ 321		$ 449
Nonperforming loans rate	0.57%		0.80%
Consumer Banking \| Home loan
Loans and Leases Receivable Disclosure [Line Items]
Net charge-offs	$ 0	$ (1)
Net charge-offs rate	0.00%	(0.03%)
Consumer Banking \| Retail banking
Loans and Leases Receivable Disclosure [Line Items]
Net charge-offs	$ 18	$ 16
Net charge-offs rate	2.56%	1.89%
Nonperforming loans	$ 31		$ 30
Nonperforming loans rate	1.10%		1.04%

Loans - Impaired Loans, Excluding Acquired Loans (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Impaired Financing Receivable:
With an Allowance	$ 1,688		$ 1,591
Without an Allowance	250		253
Total Recorded Investment	1,938		1,844
Related Allowance	370		338
Net Recorded Investment	1,568		1,506
Unpaid Principal Balance	2,149		2,040
Average Recorded Investment	1,891	$ 2,415
Interest Income Recognized	33	40
Credit Card
Impaired Financing Receivable:
With an Allowance	857		855
Without an Allowance	0		0
Total Recorded Investment	857		855
Related Allowance	270		277
Net Recorded Investment	587		578
Unpaid Principal Balance	840		837
Average Recorded Investment	856	824
Interest Income Recognized	19	19
Credit Card \| Domestic credit card
Impaired Financing Receivable:
With an Allowance	659		666
Without an Allowance	0		0
Total Recorded Investment	659		666
Related Allowance	172		186
Net Recorded Investment	487		480
Unpaid Principal Balance	648		654
Average Recorded Investment	663	646
Interest Income Recognized	15	16
Credit Card \| International card business
Impaired Financing Receivable:
With an Allowance	198		189
Without an Allowance	0		0
Total Recorded Investment	198		189
Related Allowance	98		91
Net Recorded Investment	100		98
Unpaid Principal Balance	192		183
Average Recorded Investment	193	178
Interest Income Recognized	4	3
Consumer Banking
Impaired Financing Receivable:
With an Allowance	361		343
Without an Allowance	37		50
Total Recorded Investment	398		393
Related Allowance	32		27
Net Recorded Investment	366		366
Unpaid Principal Balance	506		480
Average Recorded Investment	396	746
Interest Income Recognized	10	14
Consumer Banking \| Auto
Impaired Financing Receivable:
With an Allowance	308		301
Without an Allowance	37		38
Total Recorded Investment	345		339
Related Allowance	28		22
Net Recorded Investment	317		317
Unpaid Principal Balance	446		420
Average Recorded Investment	342	456
Interest Income Recognized	10	13
Consumer Banking \| Home loan
Impaired Financing Receivable:
Average Recorded Investment	0	229
Interest Income Recognized	0	1
Consumer Banking \| Retail banking
Impaired Financing Receivable:
With an Allowance	53		42
Without an Allowance	0		12
Total Recorded Investment	53		54
Related Allowance	4		5
Net Recorded Investment	49		49
Unpaid Principal Balance	60		60
Average Recorded Investment	54	61
Interest Income Recognized	0	0
Commercial Banking
Impaired Financing Receivable:
With an Allowance	470		393
Without an Allowance	213		203
Total Recorded Investment	683		596
Related Allowance	68		34
Net Recorded Investment	615		562
Unpaid Principal Balance	803		723
Average Recorded Investment	639	845
Interest Income Recognized	4	7
Commercial Banking \| Total commercial lending
Impaired Financing Receivable:
With an Allowance	470		393
Without an Allowance	206		197
Total Recorded Investment	676		590
Related Allowance	68		34
Net Recorded Investment	608		556
Unpaid Principal Balance	794		714
Average Recorded Investment	633	839
Interest Income Recognized	4	7
Commercial Banking \| Commercial and multifamily real estate
Impaired Financing Receivable:
With an Allowance	47		92
Without an Allowance	60		28
Total Recorded Investment	107		120
Related Allowance	3		5
Net Recorded Investment	104		115
Unpaid Principal Balance	110		121
Average Recorded Investment	113	106
Interest Income Recognized	0	1
Commercial Banking \| Commercial and industrial
Impaired Financing Receivable:
With an Allowance	423		301
Without an Allowance	146		169
Total Recorded Investment	569		470
Related Allowance	65		29
Net Recorded Investment	504		441
Unpaid Principal Balance	684		593
Average Recorded Investment	520	733
Interest Income Recognized	4	6
Commercial Banking \| Small-ticket commercial real estate
Impaired Financing Receivable:
With an Allowance	0		0
Without an Allowance	7		6
Total Recorded Investment	7		6
Related Allowance	0		0
Net Recorded Investment	7		6
Unpaid Principal Balance	9		$ 9
Average Recorded Investment	6	6
Interest Income Recognized	$ 0	$ 0

Loans - TDR Disclosures in Progress Financial Impact of Modification (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 273	$ 248
Credit Card
Financing Receivable, Modifications [Line Items]
Total Loans Modified	145	163
Consumer Banking
Financing Receivable, Modifications [Line Items]
Total Loans Modified	73	70
Consumer Banking \| Auto
Financing Receivable, Modifications [Line Items]
Total Loans Modified	72	62
Consumer Banking \| Home loan
Financing Receivable, Modifications [Line Items]
Total Loans Modified		6
Consumer Banking \| Retail banking
Financing Receivable, Modifications [Line Items]
Total Loans Modified	1	2
Commercial Banking
Financing Receivable, Modifications [Line Items]
Total Loans Modified	55	15
Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
Total Loans Modified	55	13
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
Total Loans Modified	34	2
Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
Total Loans Modified	21	11
Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 0	$ 2
Reduced Interest Rate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	75.00%	80.00%
Average Rate Reduction	14.64%	16.50%
Reduced Interest Rate \| Credit Card
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	100.00%
Average Rate Reduction	20.04%	19.17%
Reduced Interest Rate \| Consumer Banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	37.00%	49.00%
Average Rate Reduction	3.88%	3.71%
Reduced Interest Rate \| Consumer Banking \| Auto
Financing Receivable, Modifications [Line Items]
% of TDR Activity	37.00%	52.00%
Average Rate Reduction	3.83%	3.76%
Reduced Interest Rate \| Consumer Banking \| Home loan
Financing Receivable, Modifications [Line Items]
% of TDR Activity		28.00%
Average Rate Reduction		1.78%
Reduced Interest Rate \| Consumer Banking \| Retail banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	15.00%	11.00%
Average Rate Reduction	13.01%	10.22%
Reduced Interest Rate \| Commercial Banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	61.00%	0.00%
Average Rate Reduction	0.00%	0.00%
Reduced Interest Rate \| Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
% of TDR Activity	62.00%	0.00%
Average Rate Reduction	0.00%	0.00%
Reduced Interest Rate \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	0.00%
Average Rate Reduction	0.00%	0.00%
Reduced Interest Rate \| Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%
Average Rate Reduction	0.00%	0.00%
Reduced Interest Rate \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%
Average Rate Reduction	0.00%	0.00%
Term Extension
Financing Receivable, Modifications [Line Items]
% of TDR Activity	24.00%	30.00%
Average Term Extension (Months)	7 months	21 months
Term Extension \| Credit Card
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months
Term Extension \| Consumer Banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	91.00%	90.00%
Average Term Extension (Months)	7 months	23 months
Term Extension \| Consumer Banking \| Auto
Financing Receivable, Modifications [Line Items]
% of TDR Activity	91.00%	91.00%
Average Term Extension (Months)	7 months	7 months
Term Extension \| Consumer Banking \| Home loan
Financing Receivable, Modifications [Line Items]
% of TDR Activity		83.00%
Average Term Extension (Months)		214 months
Term Extension \| Consumer Banking \| Retail banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	85.00%	81.00%
Average Term Extension (Months)	6 months	5 months
Term Extension \| Commercial Banking
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	85.00%
Average Term Extension (Months)	0 months	11 months
Term Extension \| Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	100.00%
Average Term Extension (Months)	0 months	11 months
Term Extension \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	100.00%
Average Term Extension (Months)	0 months	7 months
Term Extension \| Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	100.00%
Average Term Extension (Months)	0 months	11 months
Term Extension \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months
Domestic credit card \| Credit Card
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 98	$ 113
Domestic credit card \| Reduced Interest Rate \| Credit Card
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	100.00%
Average Rate Reduction	16.42%	15.73%
Domestic credit card \| Term Extension \| Credit Card
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months
International card business \| Credit Card
Financing Receivable, Modifications [Line Items]
Total Loans Modified	$ 47	$ 50
International card business \| Reduced Interest Rate \| Credit Card
Financing Receivable, Modifications [Line Items]
% of TDR Activity	100.00%	100.00%
Average Rate Reduction	27.59%	26.86%
International card business \| Term Extension \| Credit Card
Financing Receivable, Modifications [Line Items]
% of TDR Activity	0.00%	0.00%
Average Term Extension (Months)	0 months	0 months

Loans - TDR - Subsequent Defaults of Completed TDR Modifications (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($) Contract	Mar. 31, 2018 USD ($) Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	31,846	32,102
Total Loans \| $	$ 70	$ 117
Credit Card
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	30,733	30,278
Total Loans \| $	$ 57	$ 60
Consumer Banking
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	1,113	1,818
Total Loans \| $	$ 13	$ 22
Consumer Banking \| Auto
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	1,105	1,807
Total Loans \| $	$ 13	$ 21
Consumer Banking \| Home loan
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	0	3
Total Loans \| $	$ 0	$ 1
Consumer Banking \| Retail banking
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	8	8
Total Loans \| $	$ 0	$ 0
Commercial Banking
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	0	6
Total Loans \| $	$ 0	$ 35
Commercial Banking \| Total commercial lending
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	0	6
Total Loans \| $	$ 0	$ 35
Commercial Banking \| Commercial and industrial
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	0	6
Total Loans \| $	$ 0	$ 35
Domestic credit card \| Credit Card
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	14,027	16,339
Total Loans \| $	$ 29	$ 34
International card business \| Credit Card
Financing Receivable, Modifications [Line Items]
Number of Contracts \| Contract	16,706	13,939
Total Loans \| $	$ 28	$ 26

Allowance for Loan and Lease Losses - Summary of Changes in Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	$ 7,220
Balance at end of the period	7,313
Provision for credit losses	1,693	$ 1,674
Allowance
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	7,220	7,502
Charge-offs	(2,273)	(2,276)
Recoveries	674	658
Net charge-offs	(1,599)	(1,618)
Provision (benefit) for loan and lease losses	1,684	1,684
Allowance build (release) for loan and lease losses	85	66
Other changes	8	(1)
Balance at end of the period	7,313	7,567
Reserve for unfunded lending commitments
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	122	124
Provision (benefit) for loan and lease losses	9	(10)
Balance at end of the period	131	114
Combined allowance and reserve
Allowance for Loan and Lease Losses [Roll Forward]
Balance at end of the period	7,444	7,681
Credit Card
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	5,535	5,648
Charge-offs	(1,782)	(1,825)
Recoveries	418	448
Net charge-offs	(1,364)	(1,377)
Provision (benefit) for loan and lease losses	1,389	1,456
Allowance build (release) for loan and lease losses	25	79
Other changes	8	(1)
Balance at end of the period	5,568	5,726
Credit Card \| Reserve for unfunded lending commitments
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	0	0
Provision (benefit) for loan and lease losses	0	0
Balance at end of the period	0	0
Credit Card \| Combined allowance and reserve
Allowance for Loan and Lease Losses [Roll Forward]
Balance at end of the period	5,568	5,726
Consumer Banking
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	1,048	1,242
Charge-offs	(471)	(431)
Recoveries	250	208
Net charge-offs	(221)	(223)
Provision (benefit) for loan and lease losses	235	234
Allowance build (release) for loan and lease losses	14	11
Other changes	0	0
Balance at end of the period	1,062	1,253
Consumer Banking \| Reserve for unfunded lending commitments
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	4	7
Provision (benefit) for loan and lease losses	0	(1)
Balance at end of the period	4	6
Consumer Banking \| Combined allowance and reserve
Allowance for Loan and Lease Losses [Roll Forward]
Balance at end of the period	1,066	1,259
Consumer Banking \| Home loan
Allowance for Loan and Lease Losses [Roll Forward]
Net charge-offs	0	1
Commercial Banking
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	637	611
Charge-offs	(20)	(21)
Recoveries	6	2
Net charge-offs	(14)	(19)
Provision (benefit) for loan and lease losses	60	(5)
Allowance build (release) for loan and lease losses	46	(24)
Other changes	0	0
Balance at end of the period	683	587
Commercial Banking \| Reserve for unfunded lending commitments
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period	118	117
Provision (benefit) for loan and lease losses	9	(9)
Balance at end of the period	127	108
Commercial Banking \| Combined allowance and reserve
Allowance for Loan and Lease Losses [Roll Forward]
Balance at end of the period	810	695
Other
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period		1
Charge-offs		1
Recoveries		0
Net charge-offs		1
Provision (benefit) for loan and lease losses		(1)
Allowance build (release) for loan and lease losses		0
Other changes		0
Balance at end of the period		1
Other \| Reserve for unfunded lending commitments
Allowance for Loan and Lease Losses [Roll Forward]
Balance as beginning of the period		0
Provision (benefit) for loan and lease losses		0
Balance at end of the period		0
Other \| Combined allowance and reserve
Allowance for Loan and Lease Losses [Roll Forward]
Balance at end of the period		1
Other
Allowance for Loan and Lease Losses [Roll Forward]
Provision for credit losses	$ 0	$ (1)

Allowance for Loan and Lease Losses - Components of Allowance for Loan and Lease Losses by Impairment Methodology (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	$ 6,943	$ 6,882
Asset-specific	370	338
Total allowance for loan and lease losses	7,313	7,220
Loans held for investment by impairment methodology:
Collectively evaluated	238,209	243,920
Asset-specific	1,938	1,844
Loans held for investment	$ 240,273	$ 245,899	$ 248,256
Allowance as a percentage of period-end loans held for investment	3.04%	2.94%
Credit Card
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	$ 5,298	$ 5,258
Asset-specific	270	277
Total allowance for loan and lease losses	5,568	5,535	5,726	$ 5,648
Loans held for investment by impairment methodology:
Collectively evaluated	108,979	115,505
Asset-specific	857	855
Loans held for investment	$ 109,836	$ 116,361
Allowance as a percentage of period-end loans held for investment	5.07%	4.76%
Consumer Banking
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	$ 1,030	$ 1,021
Asset-specific	32	27
Total allowance for loan and lease losses	1,062	1,048	1,253	1,242
Loans held for investment by impairment methodology:
Collectively evaluated	58,847	58,808
Asset-specific	398	393
Loans held for investment	$ 59,248	$ 59,205
Allowance as a percentage of period-end loans held for investment	1.79%	1.77%
Commercial Banking
Allowance for loan and lease losses by impairment methodology:
Collectively evaluated	$ 615	$ 603
Asset-specific	68	34
Total allowance for loan and lease losses	683	637	587	611
Loans held for investment by impairment methodology:
Collectively evaluated	70,383	69,607
Asset-specific	683	596
Loans held for investment	$ 71,189	$ 70,333
Allowance as a percentage of period-end loans held for investment	0.96%	0.91%
Other
Allowance for loan and lease losses by impairment methodology:
Total allowance for loan and lease losses			$ 1	$ 1
PCI loans
Loans held for investment by impairment methodology:
Loans held for investment	$ 126	$ 135
PCI loans \| Credit Card
Loans held for investment by impairment methodology:
Loans held for investment	0	1
PCI loans \| Consumer Banking
Loans held for investment by impairment methodology:
Loans held for investment	3	4
PCI loans \| Commercial Banking
Loans held for investment by impairment methodology:
Loans held for investment	$ 123	$ 130

Allowance for Loan and Lease Losses Allowance for Loan and Lease Losses - Loss Sharing Arrangements (Details) - Loss sharing agreements - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Expected reimbursement from loss sharing partners, beginning balance	$ 379	$ 380
Amounts due from partners which reduced net charge-offs	(108)	(97)
Amounts estimated to be charged to partners which reduced provision for credit losses	171	105
Expected reimbursement from loss sharing partners, ending balance	$ 442	$ 388

Variable Interest Entities and Securitizations - Carrying Amount of Assets and Liabilities of Variable Interest Entities (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	$ 34,699	$ 35,556
Carrying Amount of Liabilities, Consolidated	19,930	19,019
Carrying Amount of Assets, Unconsolidated	5,100	4,802
Carrying Amount of Liabilities, Unconsolidated	1,355	1,377
Maximum Exposure to Loss	5,421	5,145
Affordable housing entities
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	242	243
Carrying Amount of Liabilities, Consolidated	13	17
Carrying Amount of Assets, Unconsolidated	4,395	4,238
Carrying Amount of Liabilities, Unconsolidated	1,323	1,303
Maximum Exposure to Loss	4,395	4,238
VIE, nonconsolidated, carrying amount of assets included in certain investment structures	2,300	2,300
VIE, nonconsolidated, carrying amount of liabilities included in certain investment structures	845	811
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	1,728	1,739
Carrying Amount of Liabilities, Consolidated	108	117
Carrying Amount of Assets, Unconsolidated	0	0
Carrying Amount of Liabilities, Unconsolidated	0	0
Maximum Exposure to Loss	0	0
Other
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	0	0
Carrying Amount of Liabilities, Consolidated	0	0
Carrying Amount of Assets, Unconsolidated	530	353
Carrying Amount of Liabilities, Unconsolidated	0	0
Maximum Exposure to Loss	530	353
Total other VIEs
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	1,970	1,982
Carrying Amount of Liabilities, Consolidated	121	134
Carrying Amount of Assets, Unconsolidated	4,925	4,591
Carrying Amount of Liabilities, Unconsolidated	1,323	1,303
Maximum Exposure to Loss	4,925	4,591
Credit card loan securitizations
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	32,729	33,574
Carrying Amount of Liabilities, Consolidated	19,809	18,885
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	175	211
Carrying Amount of Liabilities, Unconsolidated	32	74
Maximum Exposure to Loss	496	554
Total securitization-related VIEs
Variable Interest Entity [Line Items]
Carrying Amount of Assets, Consolidated	32,729	33,574
Carrying Amount of Liabilities, Consolidated	19,809	18,885
Carrying Amount of Assets, Unconsolidated	175	211
Carrying Amount of Liabilities, Unconsolidated	32	74
Maximum Exposure to Loss	$ 496	$ 554

Variable Interest Entities and Securitizations - External Debt and Receivable Balances of Securitization Programs (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Credit card
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, non-mortgage	$ 19,273	$ 18,307
Receivables in the trust, non-mortgage	31,682	34,197
Cash balance of spread or reserve accounts, non-mortgage	0	0
Variable Interest Entity, Not Primary Beneficiary
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, mortgage	1,183	1,276
Receivables in the trust, mortgage	1,209	1,305
Cash balance of spread or reserve accounts, mortgage	$ 116	$ 116

Variable Interest Entities and Securitizations - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Variable Interest Entity [Line Items]
Amortization method qualified affordable housing investments, amortization	$ 143	$ 124
Affordable housing tax credits	171	$ 146
Amortization method qualified affordable housing investments	4,300		$ 4,200
Qualified affordable housing investments, commitment	1,500		1,500
VIE, unconsolidated, carrying amount, assets	5,100		4,802
VIE, consolidated, carrying amount, assets	34,699		35,556
VIE, reporting entity involvement, maximum loss exposure	5,421		5,145
Affordable housing entities
Variable Interest Entity [Line Items]
VIE, unconsolidated, carrying amount, assets	4,395		4,238
Total assets of the unconsolidated VIE investment funds	10,800		10,800
VIE, consolidated, carrying amount, assets	242		243
VIE, reporting entity involvement, maximum loss exposure	4,395		4,238
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
VIE, unconsolidated, carrying amount, assets	0		0
VIE, consolidated, carrying amount, assets	1,728		1,739
VIE, reporting entity involvement, maximum loss exposure	0		0
Other
Variable Interest Entity [Line Items]
VIE, unconsolidated, carrying amount, assets	530		353
VIE, consolidated, carrying amount, assets	0		0
VIE, reporting entity involvement, maximum loss exposure	$ 530		$ 353

Goodwill and Intangible Assets - Components (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Schedule of Intangible Assets by Major Class [Line Items]
Goodwill, gross	$ 14,546	$ 14,544
Goodwill	14,546	14,544
Intangible Assets, Gross (Excluding Goodwill)	2,528	3,522
Accumulated Amortization	(2,305)	(3,268)
Intangible Assets, Net (Excluding Goodwill)	223	254
Intangible Assets Gross Including Goodwill	17,074	18,066
Total goodwill and other intangible assets, Net Carrying Value	14,769	14,798
Commercial MSRs, Gross	482	459
Commercial MSR, Accumulated Amortization	(199)	(185)
Servicing Asset at Amortized Cost	283	274
PCCR intangibles
Schedule of Intangible Assets by Major Class [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	2,102	2,102
Accumulated Amortization	(1,973)	(1,952)
Intangible Assets, Net (Excluding Goodwill)	129	150
Core deposit intangibles
Schedule of Intangible Assets by Major Class [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	209	1,149
Accumulated Amortization	(209)	(1,148)
Intangible Assets, Net (Excluding Goodwill)	0	1
Other intangible assets
Schedule of Intangible Assets by Major Class [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	217	271
Accumulated Amortization	(123)	(168)
Intangible Assets, Net (Excluding Goodwill)	$ 94	$ 103

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for amortizable intangible assets	$ 30	$ 44

Goodwill and Intangible Assets - Goodwill Attributable to Each Business Segments (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 14,544
Other adjustments	2
Goodwill, ending balance	14,546
Credit Card
Goodwill [Roll Forward]
Goodwill, beginning balance	5,060
Other adjustments	2
Goodwill, ending balance	5,062
Consumer Banking
Goodwill [Roll Forward]
Goodwill, beginning balance	4,600
Other adjustments	0
Goodwill, ending balance	4,600
Commercial Banking
Goodwill [Roll Forward]
Goodwill, beginning balance	4,884
Other adjustments	0
Goodwill, ending balance	$ 4,884

Deposits and Borrowings - Deposits and Short-term Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Deposits:
Non-interest-bearing deposits	$ 24,908	$ 23,483
Interest-bearing deposits	230,199	226,281
Total deposits	255,107	249,764	$ 250,847
Short-term borrowings
Short-term borrowings	335	9,402
Time deposits, at or above FDIC insurance limit	5,100	4,000
Federal funds purchased and securities loaned or sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	335	352
FHLB advances
Short-term borrowings
Short-term borrowings	$ 0	$ 9,050

Deposits and Borrowings - Long-Term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total long-term debt	$ 50,023	$ 49,503
Total short-term borrowings and long-term debt	$ 50,358	58,905
Securitized debt obligations
Debt Instrument [Line Items]
Weighted average interest rate	2.34%
Carrying value	$ 19,273	18,307
Total senior and subordinated notes
Debt Instrument [Line Items]
Carrying value	$ 30,645	30,826
Senior notes \| Total unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.17%
Carrying value	$ 26,020	26,283
Senior notes \| Fixed unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.13%
Carrying value	$ 23,027	23,290
Senior notes \| Floating unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.48%
Carrying value	$ 2,993	2,993
Subordinated notes \| Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Weighted average interest rate	4.09%
Carrying value	$ 4,625	4,543
FHLB advances
Debt Instrument [Line Items]
Weighted average interest rate	4.95%
Carrying value	$ 1	251
Other borrowings
Debt Instrument [Line Items]
Weighted average interest rate	4.95%
Carrying value	$ 104	119
Total other long-term borrowings
Debt Instrument [Line Items]
Carrying value	$ 105	$ 370
Minimum \| Securitized debt obligations
Debt Instrument [Line Items]
Stated interest rates	1.33%
Minimum \| Senior notes \| Fixed unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	1.85%
Minimum \| Senior notes \| Floating unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	3.10%
Minimum \| Subordinated notes \| Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Stated interest rates	3.38%
Minimum \| FHLB advances
Debt Instrument [Line Items]
Stated interest rates	4.46%
Minimum \| Other borrowings
Debt Instrument [Line Items]
Stated interest rates	1.00%
Maximum \| Securitized debt obligations
Debt Instrument [Line Items]
Stated interest rates	3.34%
Maximum \| Senior notes \| Fixed unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	4.75%
Maximum \| Senior notes \| Floating unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	3.90%
Maximum \| Subordinated notes \| Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Stated interest rates	8.80%
Maximum \| FHLB advances
Debt Instrument [Line Items]
Stated interest rates	5.36%
Maximum \| Other borrowings
Debt Instrument [Line Items]
Stated interest rates	13.38%

Derivative Instruments and Hedging Activities - Notional and Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Notional or contractual amount	$ 218,973	$ 212,505
Derivative assets, gross amount	1,221	1,539
Derivative liabilities, gross amount	875	1,201
Derivative asset, netting adjustments	(512)	(1,079)
Derivative liability, netting adjustments	(421)	(287)
Total derivative assets	709	460
Total derivative liabilities	454	914
Cumulative CVA balance	7	3
Cumulative DVA balance	1	1
Derivatives designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	145,506	142,965
Derivative assets, gross amount	236	509
Derivative liabilities, gross amount	138	100
Derivatives designated as accounting hedges \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	137,335	134,613
Derivative assets, gross amount	162	147
Derivative liabilities, gross amount	111	98
Derivatives designated as accounting hedges \| Interest rate contracts \| Fair value hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	52,735	53,413
Derivative assets, gross amount	24	64
Derivative liabilities, gross amount	67	28
Derivatives designated as accounting hedges \| Interest rate contracts \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	84,600	81,200
Derivative assets, gross amount	138	83
Derivative liabilities, gross amount	44	70
Derivatives designated as accounting hedges \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	8,171	8,352
Derivative assets, gross amount	74	362
Derivative liabilities, gross amount	27	2
Derivatives designated as accounting hedges \| Foreign exchange contracts \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	5,523	5,745
Derivative assets, gross amount	42	184
Derivative liabilities, gross amount	21	2
Derivatives designated as accounting hedges \| Foreign exchange contracts \| Net investment hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	2,648	2,607
Derivative assets, gross amount	32	178
Derivative liabilities, gross amount	6	0
Derivatives not designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	73,467	69,540
Derivative assets, gross amount	985	1,030
Derivative liabilities, gross amount	737	1,101
Derivatives not designated as accounting hedges \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	63,781	61,477
Derivative assets, gross amount	866	999
Derivative liabilities, gross amount	702	1,053
Derivatives not designated as accounting hedges \| Interest rate contracts \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	50,554	49,386
Derivative assets, gross amount	295	190
Derivative liabilities, gross amount	160	256
Derivatives not designated as accounting hedges \| Interest rate contracts \| Other interest rate exposures
Derivatives, Fair Value [Line Items]
Notional or contractual amount	6,065	6,427
Derivative assets, gross amount	30	29
Derivative liabilities, gross amount	24	36
Derivatives not designated as accounting hedges \| Foreign exchange contracts \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	1,698	1,418
Derivative assets, gross amount	18	12
Derivative liabilities, gross amount	15	11
Derivatives not designated as accounting hedges \| Commodity contracts \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	11,529	10,673
Derivative assets, gross amount	553	797
Derivative liabilities, gross amount	527	786
Derivatives not designated as accounting hedges \| Other contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	3,621	1,636
Derivative assets, gross amount	89	2
Derivative liabilities, gross amount	$ 11	$ 12

Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities - Hedged Items in Fair Value Hedging Relationship (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Hedged Items In Fair Value Hedging Relationship [Line Items]
Amortized cost of closed prepayment assets	$ 8,700	$ 8,300
Amortized cost of closed prepayable assets, designated hedged items	4,200	4,000
Hedged assets cumulative basis adjustment	71	26
Available-for-sale securities
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount of Assets	12,519	14,067
Hedged Assets, Fair Value Hedge, Cumulative Increase (Decrease)	145	(6)
Hedged Assets, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	1	(2)
Interest-bearing deposits
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(13,136)	(13,101)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	155	247
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	0	0
Securitized debt obligations
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(5,928)	(5,887)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	111	168
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	118	143
Senior and subordinated notes
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(25,128)	(23,572)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	(5)	315
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	$ 355	$ 392

Derivative Instruments and Hedging Activities - Offsetting Assets (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative assets
Derivative assets, gross amount	$ 1,221	$ 1,539
Derivative assets, offsetting financial instruments	(265)	(205)
Derivative assets, offsetting cash collateral	(247)	(874)
Total derivative assets	709	460
Derivative assets, securities not netted	0	0
Net Exposure	709	460
Derivative, collateral, obligation to return cash	440	925
Derivative, collateral, obligation to return securities	1	1
Derivative, collateral, right to reclaim cash	$ 695	$ 633

Derivative Instruments and Hedging Activities - Offsetting Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative liabilities
Derivative liabilities, gross amount	$ 875	$ 1,201
Derivative liabilities, offsetting financial instruments	(265)	(205)
Derivative liabilities, offsetting cash collateral	(156)	(82)
Total derivative liabilities	454	914
Derivative liabilities, securities collateral not netted	0	0
Net exposure	454	914
Repurchase agreements
Gross amounts	335	352
Repurchase agreements, securities sold, offset	0	0
Repurchase agreements, cash collateral pledged, offset	0	0
Net amounts as recognized	335	352
Repurchase agreements, securities collateral not netted	(335)	(352)
Net exposure	0	0
Derivative, collateral, obligation to return cash	440	925
Derivative, collateral, obligation to return securities	1	1
Derivative, collateral, right to reclaim cash	695	633
Securities sold under repurchase agreements, fair value of collateral	$ 342	$ 359

Derivative Instruments and Hedging Activities - Net Gains (Losses) Recognized in Earnings Related to Derivatives in Fair Value Hedging and Cash Flow Hedging (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Interest and dividend income, securities	$ 655	$ 452
Interest and fee income, loans	6,368	6,134
Interest and dividend income, other	69	51
Deposits	(817)	(539)
Securitized debt obligations	(143)	(107)
Senior and subordinated notes	(314)	(251)
Non-interest income	157	108
Amortization of basis adjustment	61	10
Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Realized gains on foreign exchange contracts reclassified from AOCI	172	75
Fair value hedges \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	1	(7)
Fair value hedges \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	0	0
Fair value hedges \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	0	0
Fair value hedges \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	(33)	(7)
Fair value hedges \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	(30)	(8)
Fair value hedges \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	(50)	(22)
Fair value hedges \| Interest rate contracts \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	2	(8)
Gains (losses) recognized on derivatives	(111)	100
Gains (losses) recognized on hedged items	110	(99)
Fair value hedges \| Interest rate contracts \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0
Gains (losses) recognized on derivatives	0	0
Gains (losses) recognized on hedged items	0	0
Fair value hedges \| Interest rate contracts \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0
Gains (losses) recognized on derivatives	0	0
Gains (losses) recognized on hedged items	0	0
Fair value hedges \| Interest rate contracts \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	(36)	(2)
Gains (losses) recognized on derivatives	95	(160)
Gains (losses) recognized on hedged items	(92)	155
Fair value hedges \| Interest rate contracts \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	(6)	(5)
Gains (losses) recognized on derivatives	33	(101)
Gains (losses) recognized on hedged items	(57)	98
Fair value hedges \| Interest rate contracts \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	(11)	10
Gains (losses) recognized on derivatives	281	(357)
Gains (losses) recognized on hedged items	(320)	325
Cash flow hedges \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	(4)	(2)
Cash flow hedges \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	(56)	8
Cash flow hedges \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	12	8
Cash flow hedges \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0
Cash flow hedges \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0
Cash flow hedges \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0
Cash flow hedges \| Interest rate contracts \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	(4)	(2)
Cash flow hedges \| Interest rate contracts \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	(56)	8
Cash flow hedges \| Interest rate contracts \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Interest rate contracts \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Interest rate contracts \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Interest rate contracts \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	12	8
Cash flow hedges \| Foreign exchange contracts \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	$ 0	$ 0

Derivative Instruments and Hedging Activities - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Loss (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	$ 113
Maximum length of time over which forecasted transactions were hedged, years	7 years

Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities - Freestanding Derivative (Details) - Other non-interest income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	$ 9	$ 2
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	11	10
Interest rate contracts \| Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	6	4
Interest rate contracts \| Other interest rate exposures
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	0	12
Commodity contracts \| Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	2	4
Foreign exchange contracts \| Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	3	2
Other contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	$ (2)	$ (20)

Stockholders' Equity - Schedule of Preferred Stock (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($)
Class of Stock [Line Items]
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 4,360	$ 4,360
Depository Share, Percent Interest in Preferred Stock	0.025
Series B Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.00%
Liquidation Preference per Share \| $ / shares	$ 1,000
Total Shares Outstanding \| shares	875,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 853	853
Series C Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.25%
Liquidation Preference per Share \| $ / shares	$ 1,000
Total Shares Outstanding \| shares	500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 484	484
Series D Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.70%
Liquidation Preference per Share \| $ / shares	$ 1,000
Total Shares Outstanding \| shares	500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 485	485
Series E Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5.55%
Liquidation Preference per Share \| $ / shares	$ 1,000
Total Shares Outstanding \| shares	1,000,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 988	988
Preferred Stock, Dividend Payment Rate, Variable	Libor + 380 bps
Preferred Stock Dividend Rate, Variable	3.80%
Series F Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.20%
Liquidation Preference per Share \| $ / shares	$ 1,000
Total Shares Outstanding \| shares	500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 484	484
Series G Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5.20%
Liquidation Preference per Share \| $ / shares	$ 1,000
Total Shares Outstanding \| shares	600,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 583	583
Series H Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.00%
Liquidation Preference per Share \| $ / shares	$ 1,000
Total Shares Outstanding \| shares	500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 483	$ 483

Stockholders' Equity - Change in AOCI Gain (Loss) by Component (Net of Tax) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	$ (1,263)	$ (926)
Cumulatrive effects from adoption of new accounting standards	(11)	0
Other comprehensive income (loss) before reclassifications	450	(498)
Net realized (gains) losses reclassified from AOCI into earnings	153	(56)
Other comprehensive income (loss), net of tax	603	(472)
AOCI ending balance	(660)	(1,599)
One time transfer of held to maturity securities	36,503		$ 36,771
Accumulated Net Unrealized Investment Gain (Loss) \| Available-for-sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(439)	17
Cumulatrive effects from adoption of new accounting standards		3
Other comprehensive income (loss) before reclassifications	310	(254)
Net realized (gains) losses reclassified from AOCI into earnings	(18)	(6)
Other comprehensive income (loss), net of tax	292	(585)
AOCI ending balance	(147)	(565)
Accumulated Net Unrealized Investment Gain (Loss) \| Securities Held to Maturity
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(190)	(524)
Cumulatrive effects from adoption of new accounting standards		(113)
Other comprehensive income (loss) before reclassifications	0	0
Net realized (gains) losses reclassified from AOCI into earnings	6	18
Other comprehensive income (loss), net of tax	6	425
AOCI ending balance	(184)	(212)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(418)	(281)
Cumulatrive effects from adoption of new accounting standards		(63)
Other comprehensive income (loss), transfers from held-to-maturity to available-for-sale securities, before tax		0
Other comprehensive income (loss) before reclassifications	111	(251)
Net realized (gains) losses reclassified from AOCI into earnings	166	(67)
Other comprehensive income (loss), net of tax	277	(318)
AOCI ending balance	(141)	(662)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(177)	(138)
Cumulatrive effects from adoption of new accounting standards		0
Other comprehensive income (loss), transfers from held-to-maturity to available-for-sale securities, before tax		0
Other comprehensive income (loss) before reclassifications	30	7
Net realized (gains) losses reclassified from AOCI into earnings	0	0
Other comprehensive income (loss), net of tax	30	7
AOCI ending balance	(147)	(131)
Other
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(39)	0
Cumulatrive effects from adoption of new accounting standards		(28)
Other comprehensive income (loss), transfers from held-to-maturity to available-for-sale securities, before tax		0
Other comprehensive income (loss) before reclassifications	(1)	0
Net realized (gains) losses reclassified from AOCI into earnings	(1)	(1)
Other comprehensive income (loss), net of tax	(2)	(1)
AOCI ending balance	(41)	(29)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Cumulatrive effects from adoption of new accounting standards		(201)
ASU 2017-12
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
One time transfer of held to maturity securities		9,000
ASU 2017-12 \| Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI ending balance		82
AOCI, pre-tax		107
ASU 2017-12 \| Accumulated Net Unrealized Investment Gain (Loss) \| Available-for-sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI ending balance		(325)
ASU 2017-12 \| Accumulated Net Unrealized Investment Gain (Loss) \| Securities Held to Maturity
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI ending balance		407
Net investment hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Gains (losses) recorded in AOCI	$ 34	$ 60

Stockholders' Equity - Reclassifications from AOCI (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income	$ 5,791	$ 5,718
Non-interest income	157	108
Income from continuing operations before income taxes	1,719	1,662
Income tax provision (benefit)	309	319
Net income	1,412	1,346
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	(153)	56
Accumulated Net Unrealized Investment Gain (Loss) \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Available-for-sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income	24	8
Income tax provision (benefit)	6	2
Net income	18	6
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]
Interest income	(8)	(24)
Income tax provision (benefit)	(2)	(6)
Net income	(6)	(18)
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	(220)	89
Income tax provision (benefit)	(54)	22
Net income	(166)	67
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	(60)	6
Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income	12	8
Non-interest income	(172)	75
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	1
Income tax provision (benefit)	0	0
Net income	$ 1	$ 1

Stockholders' Equity - Components of Other Comprehensive Income Loss and Related Tax Impact (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Before Tax
Net unrealized gains (losses) on securities available for sale	$ 384	$ (771)
Net changes in securities held to maturity	7	559
Net unrealized gains (losses) on cash flow hedges	365	(418)
Foreign currency translation adjustments	19	(12)
Other	(2)	(1)
Other comprehensive income before taxes	773	(643)
Provision (Benefit)
Net unrealized gains (losses) on securities available for sale	92	(186)
Net changes in securities held to maturity	1	134
Net unrealized gains (losses) on cash flow hedges	88	(100)
Foreign currency translation adjustments	(11)	(19)
Other	0	0
Other comprehensive income (loss), provision (benefit)	170	(171)
After Tax
Net unrealized gains (losses) on securities available for sale	292	(585)
Net changes in securities held to maturity	6	425
Net unrealized gains (losses) on cash flow hedges	277	(318)
Foreign currency translation adjustments	30	7
Other	(2)	(1)
Other comprehensive income (loss), net of tax	$ 603	$ (472)

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
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Income from continuing operations, net of tax	$ 1,410	$ 1,343
Income from discontinued operations, net of tax	2	3
Net income	1,412	1,346
Dividends and undistributed earnings allocated to participating securities	(12)	(10)
Preferred stock dividends	(52)	(52)
Net income available to common stockholders	$ 1,348	$ 1,284
Total weighted-average basic shares outstanding	469.4	486.9
Effect of dilutive securities:
Stock options	1.1	2.0
Other contingently issuable shares	1.1	1.2
Warrants	0.0	0.7
Total effect of dilutive securities	2.2	3.9
Total weighted-average diluted shares outstanding	471.6	490.8
Basic earnings per common share:
Net income from continuing operations (in dollars per share)	$ 2.87	$ 2.63
Income (loss) from discontinued operations (in dollars per share)	0.00	0.01
Net income per basic common share (in dollars per share)	2.87	2.64
Diluted earnings per common share:
Net income from continuing operations (in dollars per share)	2.86	2.61
Income (loss) from discontinued operations (in dollars per share)	0.00	0.01
Net income per diluted common share (in dollars per share)	$ 2.86	$ 2.62

Earnings Per Common Share - Additional Information (Detail) - Stock option - $ / shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
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)	275	107
Minimum exercise price range	$ 86.34

Fair Value Measurement - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Assets:
Securities available for sale	$ 45,888	$ 46,150
Derivative assets, gross amount	1,221	1,539
Derivative asset, netting adjustments	(512)	(1,079)
Derivative asset	709	460
Liabilities:
Derivative liabilities, gross amount	875	1,201
Derivative liability, netting adjustments	(421)	(287)
Derivative liability	454	914
Net valuation allowance	7	2
Recurring
Assets:
Securities available for sale	45,888	46,150
Derivative assets, gross amount	709	460
Other assets	461	423
Total assets	47,058	47,033
Liabilities:
Derivative liabilities, gross amount	454	914
Recurring \| Level 1
Assets:
Securities available for sale	4,325	6,363
Derivative assets, gross amount	1	0
Other assets	306	265
Total assets	4,632	6,628
Other assets:
Deferred compensation plan assets	305	264
Equity securities	1	1
Liabilities:
Derivative liabilities, gross amount	1	0
Recurring \| Level 2
Assets:
Securities available for sale	41,120	39,344
Derivative assets, gross amount	1,178	1,501
Other assets	0	0
Total assets	42,298	40,845
Liabilities:
Derivative liabilities, gross amount	838	1,153
Recurring \| Level 3
Assets:
Securities available for sale	443	443
Derivative assets, gross amount	42	38	$ 36
Other assets	155	158
Total assets	640	639
Other assets:
Retained interests in securitizations	155	158
Liabilities:
Derivative liabilities, gross amount	36	48	$ 45
U.S. Treasury securities
Assets:
Securities available for sale	4,127	6,144
U.S. Treasury securities \| Recurring
Assets:
Securities available for sale	4,127	6,144
U.S. Treasury securities \| Recurring \| Level 1
Assets:
Securities available for sale	4,127	6,144
U.S. Treasury securities \| Recurring \| Level 2
Assets:
Securities available for sale	0	0
U.S. Treasury securities \| Recurring \| Level 3
Assets:
Securities available for sale	0	0
RMBS
Assets:
Securities available for sale	34,865	33,645
RMBS \| Recurring
Assets:
Securities available for sale	34,865	33,645
RMBS \| Recurring \| Level 1
Assets:
Securities available for sale	0	0
RMBS \| Recurring \| Level 2
Assets:
Securities available for sale	34,431	33,212
RMBS \| Recurring \| Level 3
Assets:
Securities available for sale	434	433
CMBS \| Recurring
Assets:
Securities available for sale	5,322	4,739
CMBS \| Recurring \| Level 1
Assets:
Securities available for sale	0	0
CMBS \| Recurring \| Level 2
Assets:
Securities available for sale	5,313	4,729
CMBS \| Recurring \| Level 3
Assets:
Securities available for sale	9	10
Other securities
Assets:
Securities available for sale	1,574	1,622
Other securities \| Recurring
Assets:
Securities available for sale	1,574	1,622
Other securities \| Recurring \| Level 1
Assets:
Securities available for sale	198	219
Other securities \| Recurring \| Level 2
Assets:
Securities available for sale	1,376	1,403
Other securities \| Recurring \| Level 3
Assets:
Securities available for sale	$ 0	$ 0

Fair Value Measurement Fair Value Measurement - Schedule of Level 3 Inputs Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Derivative, Fair Value, Net [Abstract]
Derivative assets, gross amount	$ 1,221		$ 1,539
Derivative liabilities, gross amount	875		1,201
Recurring
Derivative, Fair Value, Net [Abstract]
Derivative assets, gross amount	709		460
Derivative liabilities, gross amount	454		914
Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net Unrealized Gains (Losses) Included in OCI Related to Assets and Liabilities Still Held	10
Derivative, Fair Value, Net [Abstract]
Beginning balance	(10)	$ 13
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	5	(22)
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0
Purchases	0	0
Sales	0	0
Issuances	(6)	1
Settlements	19	(1)
Transfers Into Level 3	0	0
Transfers Out of Level 3	(2)	0
Ending balance	6	(9)
Derivative assets, gross amount	42	36	38
Derivative liabilities, gross amount	36	45	$ 48
RMBS \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	433	614
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	8	9
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	11	(2)
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(12)	(21)
Transfers Into Level 3	17	61
Transfers Out of Level 3	(23)	(47)
Ending balance	434	614
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	8	9
CMBS \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	10	14
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	0	0
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(1)	(1)
Transfers Into Level 3	0	0
Transfers Out of Level 3	0	0
Ending balance	9	13
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	0	0
Other securities \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		5
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income		0
Total Gains or (Losses) (Realized/Unrealized), Included in OCI		0
Purchases		0
Sales		0
Issuances		0
Settlements		0
Transfers Into Level 3		0
Transfers Out of Level 3		0
Ending balance		5
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held		0
Available-for-sale securities \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	443	633
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	8	9
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	11	(2)
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(13)	(22)
Transfers Into Level 3	17	61
Transfers Out of Level 3	(23)	(47)
Ending balance	443	632
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	8	9
Consumer MSRs \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		92
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income		3
Total Gains or (Losses) (Realized/Unrealized), Included in OCI		0
Purchases		0
Sales		(97)
Issuances		2
Settlements		0
Transfers Into Level 3		0
Transfers Out of Level 3		0
Ending balance		0
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held		0
Retained interest in securitizations \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	158	172
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(3)	4
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers Into Level 3	0	0
Transfers Out of Level 3	0	0
Ending balance	155	176
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	(3)	4
Net derivative assets (liabilities) \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	$ 6	$ (22)

Fair Value Measurement - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis Quantitative Information about Level 3 Fair Value Measurements (Detail) $ in Millions	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	$ 45,888	$ 46,150
Derivative assets, gross amount	1,221	1,539
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	45,888	46,150
Derivative assets, gross amount	709	460
Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	443	443
Retained interests in securitizations	155	158
Net derivative assets (liabilities)	6	(10)	$ (9)	$ 13
Derivative assets, gross amount	42	38	$ 36
RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	34,865	33,645
RMBS \| Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	34,865	33,645
RMBS \| Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	434	433
CMBS \| Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	5,322	4,739
CMBS \| Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	9	10
Other securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	1,574	1,622
Other securities \| Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	1,574	1,622
Other securities \| Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	$ 0	$ 0
Yield \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.02	0.03
Yield \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.15	0.11
Yield \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.05	0.05
Yield \| CMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.03	0.03
Yield \| CMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.03	0.03
Yield \| CMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.03	0.03
Constant prepayment rate \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.02	0.03
Constant prepayment rate \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.15	0.14
Constant prepayment rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.00	0.00
Constant prepayment rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.15	0.17
Constant prepayment rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.07	0.05
Default rate \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.01	0.02
Default rate \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.04	0.04
Default rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.00	0.00
Default rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.07	0.07
Default rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.03	0.03
Loss severity \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.52	0.50
Loss severity \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.98	1.04
Loss severity \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.00	0.00
Loss severity \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.85	0.75
Loss severity \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.69	0.65
Life of receivables (months) \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input, life of receivables	1 month	3 months
Life of receivables (months) \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input, life of receivables	54 months	56 months
Discount rate \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.04	0.04
Discount rate \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.06	0.06
Swap rates \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities) Net, measurement input	0.02	0.03
Swap rates \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities) Net, measurement input	0.02	0.03
Swap rates \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities) Net, measurement input	0.02	0.03

Fair Value Measurement - Schedule of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
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	920	1,218
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	235,081	241,556
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	191	129
Loans held for sale	192	38
Other assets	55	100
Total assets	438	267
Equity investments accounted for under measurement alternative	5	24
Repossessed assets, fair value disclosure	49
Foreclosed property and repossessed assets, fair value disclosure		57
Long lived assets held for sale	1	19
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	192	38
Other assets	0	0
Total assets	192	38
Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	191	129
Loans held for sale	0	0
Other assets	55	100
Total assets	$ 246	$ 229

Fair Value Measurement - Additional Information (Detail) - Non-Recoverable Rate - Level 3 - Appraisal value	Mar. 31, 2019	Dec. 31, 2018
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	0	0
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	0.60	0.84
Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	0.07	0.33

Fair Value Measurement - Schedule of Earnings Related to Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Nonrecurring - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	$ (75)	$ (76)
Loans held for sale	(1)	0
Other assets	(49)	(11)
Total	$ (125)	$ (87)

Fair Value Measurement - Schedule of Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Financial assets:
Securities held to maturity	$ 36,955	$ 36,619
Level 1
Financial assets:
Cash and cash equivalents	4,572	4,768
Restricted cash for securitization investors	1,969	303
Securities held to maturity	0	0
Net loans held for investment	0	0
Loans held for sale	0	0
Interest receivable	0	0
Other investments	0	0
Financial liabilities:
Deposits with defined maturities	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	0	0
Other borrowings	0	0
Interest payable	0	0
Level 2
Financial assets:
Cash and cash equivalents	12,897	8,418
Restricted cash for securitization investors	0	0
Securities held to maturity	36,922	36,513
Net loans held for investment	0	0
Loans held for sale	920	1,218
Interest receivable	1,615	1,614
Other investments	1,341	1,725
Financial liabilities:
Deposits with defined maturities	39,851	38,279
Securitized debt obligations	19,371	18,359
Senior and subordinated notes	31,004	30,635
Federal funds purchased and securities loaned or sold under agreements to repurchase	335	352
Other borrowings	22	9,354
Interest payable	382	458
Level 3
Financial assets:
Cash and cash equivalents	0	0
Restricted cash for securitization investors	0	0
Securities held to maturity	33	106
Net loans held for investment	235,081	241,556
Loans held for sale	0	0
Interest receivable	0	0
Other investments	0	0
Financial liabilities:
Deposits with defined maturities	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	0	0
Other borrowings	0	0
Interest payable	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	17,469	13,186
Restricted cash for securitization investors	1,969	303
Securities held to maturity	36,503	36,771
Net loans held for investment	232,960	238,679
Loans held for sale	905	1,192
Interest receivable	1,615	1,614
Other investments	1,341	1,725
Financial liabilities:
Deposits with defined maturities	39,869	38,471
Securitized debt obligations	19,273	18,307
Senior and subordinated notes	30,645	30,826
Federal funds purchased and securities loaned or sold under agreements to repurchase	335	352
Other borrowings	22	9,354
Interest payable	382	458
Estimated Fair Value
Financial assets:
Cash and cash equivalents	17,469	13,186
Restricted cash for securitization investors	1,969	303
Securities held to maturity	36,955	36,619
Net loans held for investment	235,081	241,556
Loans held for sale	920	1,218
Interest receivable	1,615	1,614
Other investments	1,341	1,725
Financial liabilities:
Deposits with defined maturities	39,851	38,279
Securitized debt obligations	19,371	18,359
Senior and subordinated notes	31,004	30,635
Federal funds purchased and securities loaned or sold under agreements to repurchase	335	352
Other borrowings	22	9,354
Interest payable	$ 382	$ 458

Business Segments and Revenue from Contracts with Customers - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019 Segment	Mar. 31, 2018 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	3
Operating segments \| Commercial Banking
Segment Reporting Information [Line Items]
Revenue change due to impact of federal tax rate \| $		$ 30

Business Segments and Revenue from Contracts with Customers - Schedule of Segment Results and Reconciliation (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net interest income	$ 5,791	$ 5,718
Non-interest income	1,292	1,191
Total net revenue	7,083	6,909
Provision (benefit) for credit losses	1,693	1,674
Total non-interest expense	3,671	3,573
Income (loss) from continuing operations before income taxes	1,719	1,662
Income tax provision (benefit)	309	319
Income (loss) from continuing operations, net of tax	1,410	1,343
Loans held for investment	240,273	248,256	$ 245,899
Total Deposits	255,107	250,847	$ 249,764
Operating segments \| Credit Card
Segment Reporting Information [Line Items]
Net interest income	3,590	3,558
Non-interest income	950	857
Total net revenue	4,540	4,415
Provision (benefit) for credit losses	1,389	1,456
Total non-interest expense	2,171	2,039
Income (loss) from continuing operations before income taxes	980	920
Income tax provision (benefit)	229	213
Income (loss) from continuing operations, net of tax	751	707
Loans held for investment	109,836	107,576
Total Deposits	0	0
Operating segments \| Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	1,679	1,615
Non-interest income	160	174
Total net revenue	1,839	1,789
Provision (benefit) for credit losses	235	233
Total non-interest expense	994	1,000
Income (loss) from continuing operations before income taxes	610	556
Income tax provision (benefit)	142	130
Income (loss) from continuing operations, net of tax	468	426
Loans held for investment	59,248	74,674
Total Deposits	205,439	193,073
Operating segments \| Commercial Banking
Segment Reporting Information [Line Items]
Net interest income	489	506
Non-interest income	187	187
Total net revenue	676	693
Provision (benefit) for credit losses	69	(14)
Total non-interest expense	417	403
Income (loss) from continuing operations before income taxes	190	304
Income tax provision (benefit)	44	71
Income (loss) from continuing operations, net of tax	146	233
Loans held for investment	71,189	65,953
Total Deposits	31,248	34,449
Revenue change due to impact of federal tax rate		30
Other
Segment Reporting Information [Line Items]
Net interest income	33	39
Non-interest income	(5)	(27)
Total net revenue	28	12
Provision (benefit) for credit losses	0	(1)
Total non-interest expense	89	131
Income (loss) from continuing operations before income taxes	(61)	(118)
Income tax provision (benefit)	(106)	(95)
Income (loss) from continuing operations, net of tax	45	(23)
Loans held for investment	0	53
Total Deposits	$ 18,420	$ 23,325

Business Segments and Revenue from Contracts with Customers Business Segments and Revenue from Contracts with Customers - Revenue from Contracts with Customers (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total contract revenue	$ 894	$ 804
Revenue from other sources	398	387
Total non-interest income	1,292	1,191
Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	714	596
Revenue from other sources	236	261
Total non-interest income	950	857
Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	145	169
Revenue from other sources	15	5
Total non-interest income	160	174
Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	36	39
Revenue from other sources	151	148
Total non-interest income	187	187
Other
Disaggregation of Revenue [Line Items]
Total contract revenue	(1)	0
Revenue from other sources	(4)	(27)
Total non-interest income	(5)	(27)
Interchange Fees, Contracts
Disaggregation of Revenue [Line Items]
Total contract revenue	758	643
Interchange Fees, Contracts \| Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	702	594
Interchange Fees, Contracts \| Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	46	42
Interchange Fees, Contracts \| Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	11	7
Interchange Fees, Contracts \| Other
Disaggregation of Revenue [Line Items]
Total contract revenue	(1)	0
Service Charges And Other Customer Fees, Contracts
Disaggregation of Revenue [Line Items]
Total contract revenue	100	130
Service Charges And Other Customer Fees, Contracts \| Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0
Service Charges And Other Customer Fees, Contracts \| Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	75	98
Service Charges And Other Customer Fees, Contracts \| Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	25	32
Service Charges And Other Customer Fees, Contracts \| Other
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0
Other Contract Revenue
Disaggregation of Revenue [Line Items]
Total contract revenue	36	31
Other Contract Revenue \| Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	12	2
Other Contract Revenue \| Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	24	29
Other Contract Revenue \| Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0
Other Contract Revenue \| Other
Disaggregation of Revenue [Line Items]
Total contract revenue	$ 0	$ 0

Commitments, Contingencies, Guarantees, and Others Commitments, Contingencies, Guarantees, and Others - Schedule of letter of credit and other loan commitments (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Unfunded lending commitments, contractual amount	$ 390,039	$ 382,427
Off-balance sheet lending commitment, carrying value	133	124
Credit Card
Loss Contingencies [Line Items]
Unused commitments to extend credit, contractual amount	352,826	346,186
Other excluding credit card
Loss Contingencies [Line Items]
Unused commitments to extend credit, contractual amount	35,446	34,449
Off-balance sheet lending commitment, carrying value	102	95
Advised line of credit	1,200	1,300
Letter of credit
Loss Contingencies [Line Items]
Standby letters of credit and commercial letters of credit, contractual amount	1,767	1,792
Off-balance sheet lending commitment, carrying value	$ 31	$ 29

Commitments, Contingencies, Guarantees, and Others - Guarantees, Loss Sharing, U.K Cross Sell (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Insurance claims
Loss Contingencies [Line Items]
Loss contingency accrual	$ 105	$ 133
Loss Contingency , Loss in Period	0
Loss Contingency, Range of Possible Loss, Portion Not Accrued	100
Loss sharing agreements
Loss Contingencies [Line Items]
Guarantee Obligation	$ 62	$ 59

Commitments, Contingencies, Guarantees, and Others - Litigation (Details) - USD ($) $ in Millions	1 Months Ended
	Oct. 31, 2018	Jul. 31, 2012	Mar. 31, 2019
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss			$ 1,100
Anti-Money laundering
Loss Contingencies [Line Items]
Litigation settlement paid	$ 100
Pending litigation \| Interchange litigation
Loss Contingencies [Line Items]
Litigation settlement, attributable to reporting entity and third party		$ 6,200

Loans - Loan Portfolio Composition and Aging Analysis (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 231,966	$ 236,310
Past due	8,181	9,454
Loans held for investment	$ 240,273	$ 245,899	$ 248,256
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Current, percentage of total loans	96.50%	96.10%
Past due, percentage of total loans	3.40%	3.80%
Percentage of total loans	100.00%	100.00%
Unamortized premiums and discounts, deferred fees and costs	$ 870	$ 818
Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	105,746	111,692
Past due	4,090	4,668
Loans held for investment	109,836	116,361
Consumer Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	55,676	54,841
Past due	3,569	4,360
Loans held for investment	59,248	59,205
Consumer Banking \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	52,921	52,032
Past due	3,523	4,309
Loans held for investment	56,444	56,341
Consumer Banking \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	2,755	2,809
Past due	46	51
Loans held for investment	2,804	2,864
Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	70,544	69,777
Past due	522	426
Loans held for investment	71,189	70,333
Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	70,543	69,441
Past due	515	419
Loans held for investment	71,181	69,990
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	28,881	28,737
Past due	81	140
Loans held for investment	28,984	28,899
Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	41,662	40,704
Past due	434	279
Loans held for investment	42,197	41,091
Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	1	336
Past due	7	7
Loans held for investment	8	343
PCI Loans
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	$ 126	$ 135
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Percentage of total loans	0.10%	0.10%
PCI Loans \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	$ 0	$ 1
PCI Loans \| Consumer Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	3	4
PCI Loans \| Consumer Banking \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	0
PCI Loans \| Consumer Banking \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	3	4
PCI Loans \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	123	130
PCI Loans \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	123	130
PCI Loans \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	22	22
PCI Loans \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	101	108
PCI Loans \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	0
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 3,750	$ 4,282
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Past due, percentage of total loans	1.60%	1.70%
Financing Receivables, 30 to 59 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 1,153	$ 1,397
Financing Receivables, 30 to 59 Days Past Due \| Consumer Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	2,342	2,647
Financing Receivables, 30 to 59 Days Past Due \| Consumer Banking \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	2,321	2,624
Financing Receivables, 30 to 59 Days Past Due \| Consumer Banking \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	21	23
Financing Receivables, 30 to 59 Days Past Due \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	255	238
Financing Receivables, 30 to 59 Days Past Due \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	254	236
Financing Receivables, 30 to 59 Days Past Due \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	37	101
Financing Receivables, 30 to 59 Days Past Due \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	217	135
Financing Receivables, 30 to 59 Days Past Due \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	1	2
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 1,952	$ 2,430
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Past due, percentage of total loans	0.80%	1.00%
Financing Receivables, 60 to 89 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 858	$ 1,032
Financing Receivables, 60 to 89 Days Past Due \| Consumer Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	977	1,334
Financing Receivables, 60 to 89 Days Past Due \| Consumer Banking \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	971	1,326
Financing Receivables, 60 to 89 Days Past Due \| Consumer Banking \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	6	8
Financing Receivables, 60 to 89 Days Past Due \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	117	64
Financing Receivables, 60 to 89 Days Past Due \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	117	63
Financing Receivables, 60 to 89 Days Past Due \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	33	20
Financing Receivables, 60 to 89 Days Past Due \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	84	43
Financing Receivables, 60 to 89 Days Past Due \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	0	1
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 2,479	$ 2,742
Financing Receivable, Recorded Investment, Aging, Percent of Total Loan [Abstract]
Past due, percentage of total loans	1.00%	1.10%
Financing Receivables, Equal to Greater than 90 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 2,079	$ 2,239
Financing Receivables, Equal to Greater than 90 Days Past Due \| Consumer Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	250	379
Financing Receivables, Equal to Greater than 90 Days Past Due \| Consumer Banking \| Auto
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	231	359
Financing Receivables, Equal to Greater than 90 Days Past Due \| Consumer Banking \| Retail banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	19	20
Financing Receivables, Equal to Greater than 90 Days Past Due \| Commercial Banking
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	150	124
Financing Receivables, Equal to Greater than 90 Days Past Due \| Commercial Banking \| Total commercial lending
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	144	120
Financing Receivables, Equal to Greater than 90 Days Past Due \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	11	19
Financing Receivables, Equal to Greater than 90 Days Past Due \| Commercial Banking \| Commercial and industrial
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	133	101
Financing Receivables, Equal to Greater than 90 Days Past Due \| Commercial Banking \| Small-ticket commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	6	4
Domestic credit card \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	97,295	103,014
Past due	3,757	4,335
Loans held for investment	101,052	107,350
Domestic credit card \| PCI Loans \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	1
Domestic credit card \| Financing Receivables, 30 to 59 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	1,029	1,270
Domestic credit card \| Financing Receivables, 60 to 89 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	780	954
Domestic credit card \| Financing Receivables, Equal to Greater than 90 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	1,948	2,111
International card business \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	8,451	8,678
Past due	333	333
Loans held for investment	8,784	9,011
International card business \| PCI Loans \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans held for investment	0	0
International card business \| Financing Receivables, 30 to 59 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	124	127
International card business \| Financing Receivables, 60 to 89 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	78	78
International card business \| Financing Receivables, Equal to Greater than 90 Days Past Due \| Credit Card
Financing Receivable, Recorded Investment, Aging [Abstract]
Past due	$ 131	$ 128