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Securities (Tables)
 6 Months Ended
Jun. 30, 2014
Securities  
Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses, and Fair Values of Securities

 

 

 
   June 30, 2014  
(Dollars in millions)   Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair
Value		  

Asset Liability Management securities:

                          

U.S. government-sponsored agencies

   $ —   $ —   $ —   $ —  

Residential mortgage-backed securities:

                          

U.S. government agency and government-sponsored agencies

     8,281     3     127     8,157  

Privately issued

     188     4     1     191  

Privately issued—commercial mortgage-backed securities

     1,824     14     25     1,813  

Collateralized loan obligations

     2,543     13     22     2,534  

Asset-backed and other

     18     1     —     19  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Asset Liability Management securities          

     12,854     35     175     12,714  

Other debt securities:

                          

Direct bank purchase bonds

     1,888     42     33     1,897  

Other

     54     —     2     52  

Equity securities

     6     1     —     7  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 14,802   $ 78   $ 210   $ 14,670  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   December 31, 2013  
(Dollars in millions)   Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair
Value		  

Asset Liability Management securities:

                          

U.S. government-sponsored agencies

   $ 73   $ —   $ —   $ 73  

Residential mortgage-backed securities:

                          

U.S. government agency and government-sponsored agencies

     9,194     2     296     8,900  

Privately issued

     220     4     2     222  

Privately issued—commercial mortgage-backed securities

     1,947     8     85     1,870  

Collateralized loan obligations

     2,670     25     22     2,673  

Asset-backed and other

     34     1     —     35  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Asset Liability Management securities          

     14,138     40     405     13,773  

Other debt securities:

                          

Direct bank purchase bonds

     1,968     35     43     1,960  

Other

     81     —     5     76  

Equity securities

     7     1     —     8  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 16,194   $ 76   $ 453   $ 15,817  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Proceeds from Sales of Securities Available for Sale and Gross Realized Gains and Losses
 
   For the Three
Months Ended
June 30,		   For the Six
Months Ended
June 30,		  
(Dollars in millions)   2014   2013   2014   2013  

Proceeds from sales

   $ 264   $ 487   $ 598   $ 5,585  

Gross realized gains

     6     27     8     126  

Gross realized losses

     —     —     —     —  
Schedule of Held to Maturity Securities Recognized and Not Recognized in Other Comprehensive Income (OCI) and Fair Values
  June 30, 2014  
 
    
   Recognized in OCI    
   Not Recognized in OCI    
  
(Dollars in millions)   Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Carrying
Amount		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair
Value		  

U.S. government agency and government-sponsored agencies—residential mortgage backed securities

   $ 5,734   $ 6   $ 71   $ 5,669   $ 42   $ 13   $ 5,698  

U.S. government agency and government-sponsored agencies—commercial mortgage-backed securities

     1,836     —     87     1,749     48     5     1,792  

U.S. Treasury

     484     —     —     484     2     —     486  

U.S. government-sponsored agencies

     275     —     —     275     1     1     275  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities held to maturity

   $ 8,329   $ 6   $ 158   $ 8,177   $ 93   $ 19   $ 8,251  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               


 

 
   December 31, 2013  
 
    
   Recognized in OCI    
   Not Recognized in OCI    
  
(Dollars in millions)   Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Carrying
Amount		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair
Value		  

U.S. government agency and government-sponsored agencies—residential mortgage backed securities

   $ 5,065   $ 7   $ 77   $ 4,995   $ 8   $ 69   $ 4,934  

U.S. government agency and government-sponsored agencies—commercial mortgage-backed securities

     1,606     —     92     1,514     3     12     1,505  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities held to maturity

   $ 6,671   $ 7   $ 169   $ 6,509   $ 11   $ 81   $ 6,439  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               
Securities Available for Sale
  
Securities  
Securities in Unrealized Loss Position
 
   June 30, 2014  
 
   Less than 12 months   12 months or more   Total  
(Dollars in millions)   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		  

Asset Liability Management securities:

                                      

Residential mortgage-backed securities:

                                      

U.S. government agency and government-sponsored agencies

   $ 429   $ 1   $ 7,195   $ 126   $ 7,624   $ 127  

Privately issued

     7     —     56     1     63     1  

Privately issued—commercial mortgage-backed securities

     115     —     931     25     1,046     25  

Collateralized loan obligations

     1,697     18     224     4     1,921     22  

Asset-backed and other

     —     —     1     —     1     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Asset Liability Management securities

     2,248     19     8,407     156     10,655     175  

Other debt securities:

                                      

Direct bank purchase bonds

     301     7     939     26     1,240     33  

Other

     —     —     24     2     24     2  

Equity securities

     5     —     —     —     5     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 2,554   $ 26   $ 9,370   $ 184   $ 11,924   $ 210  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           


 

 
   December 31, 2013  
 
   Less than 12 months   12 months or more   Total  
(Dollars in millions)   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		  

Asset Liability Management securities:

                                      

Residential mortgage-backed securities:

                                      

U.S. government agency and government-sponsored agencies

   $ 8,508   $ 293   $ 147   $ 3   $ 8,655   $ 296  

Privately issued

     72     2     18     —     90     2  

Privately issued—commercial mortgage-backed securities

     1,274     80     58     5     1,332     85  

Collateralized loan obligations

     1,879     21     10     1     1,889     22  

Asset-backed and other

     —     —     1     —     1     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Asset Liability Management securities

     11,733     396     234     9     11,967     405  

Other debt securities:

                                      

Direct bank purchase bonds

     537     18     778     25     1,315     43  

Other

     15     1     34     4     49     5  

Equity securities

     5     —     —     —     5     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities available for sale

   $ 12,290   $ 415   $ 1,046   $ 38   $ 13,336   $ 453  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Debt Securities by Contractual Maturity
  June 30, 2014  
(Dollars in millions)   One Year or Less   Over One Year
Through Five
Years		   Over Five Years
Through Ten
Years		   Over Ten Years   Total Fair Value  

Asset Liability Management securities:

                                

U.S. government-sponsored agencies

   $ —   $ —   $ —   $ —   $ —  

Residential mortgage-backed securities:

                                

U.S. government agency and government-sponsored agencies

     1     35     559     7,562     8,157  

Privately issued

     —     —     5     186     191  

Privately issued—commercial mortgage-backed securities

     —     —     35     1,778     1,813  

Collateralized loan obligations

     —     263     467     1,804     2,534  

Asset-backed and other

     —     11     8     —     19  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Asset Liability Management securities

     1     309     1,074     11,330     12,714  

Other debt securities:

                                

Direct bank purchase bonds

     28     457     917     495     1,897  

Other

     —     17     4     31     52  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total debt securities available for sale

   $ 29   $ 783   $ 1,995   $ 11,856   $ 14,663  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Securities Held to Maturity
  
Securities  
Securities in Unrealized Loss Position
  June 30, 2014  
 
   Less than 12 months   12 months or more   Total  
 
    
   Unrealized Losses    
   Unrealized Losses    
   Unrealized Losses  
(Dollars in millions)   Fair
Value		   Recognized
in OCI		   Not
Recognized
in OCI		   Fair
Value		   Recognized
in OCI		   Not
Recognized
in OCI		   Fair
Value		   Recognized
in OCI		   Not
Recognized
in OCI		  

U.S. government agency and government-sponsored agencies—residential mortgage backed securities

   $ 496   $ —   $ 3   $ 2,758   $ 71   $ 10   $ 3,254   $ 71   $ 13  

U.S. government agency and government-sponsored agencies—commercial mortgage-backed securities

     146     —     1     1,456     87     4     1,602     87     5  

U.S. Treasury

     —     —     —     —     —     —     —     —     —  

U.S. government-sponsored agencies

     150     —     1     —     —     —     150     —     1  
                                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities held to maturity                

   $ 792   $ —   $ 5   $ 4,214   $ 158   $ 14   $ 5,006   $ 158   $ 19  
                                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                       


 

 
   December 31, 2013  
 
   Less than 12 months   12 months or more   Total  
 
    
   Unrealized Losses    
   Unrealized Losses    
   Unrealized Losses  
(Dollars in millions)   Fair
Value		   Recognized
in OCI		   Not
Recognized
in OCI		   Fair
Value		   Recognized
in OCI		   Not
Recognized
in OCI		   Fair
Value		   Recognized
in OCI		   Not
Recognized
in OCI		  

U.S. government agency and government-sponsored agencies—residential mortgage backed securities

   $ 3,873   $ 76   $ 68   $ 54   $ 1   $ 1   $ 3,927   $ 77   $ 69  

U.S. government agency and government-sponsored agencies—commercial mortgage-backed securities

     1,016     46     10     489     46     2     1,505     92     12  
                                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities held to maturity                

   $ 4,889   $ 122   $ 78   $ 543   $ 47   $ 3   $ 5,432   $ 169   $ 81  
                                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                       
Debt Securities by Contractual Maturity
  June 30, 2014  
 
   Over One Year
Through Five
Years		   Over Five Years
Through Ten
Years		   Over Ten Years   Total  
(Dollars in millions)   Carrying
Amount		   Fair
Value		   Carrying
Amount		   Fair
Value		   Carrying
Amount		   Fair
Value		   Carrying
Amount		   Fair
Value		  

U.S. government agency and government-sponsored agencies—residential mortgage backed securities

   $ 2   $ 2   $ —   $ —   $ 5,667   $ 5,696   $ 5,669   $ 5,698  

U.S. government agency and government-sponsored agencies—commercial mortgage backed securities

     49     50     789     828     911     914     1,749     1,792  

U.S. Treasury

     244     245     240     241     —     —     484     486  

U.S. government-sponsored agencies

     —     —     275     275     —     —     275     275  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities held to maturity

   $ 295   $ 297   $ 1,304   $ 1,344   $ 6,578   $ 6,610   $ 8,177   $ 8,251  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​