Derivative Instruments and Other Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Notional Amounts, Balance Sheet Location and Fair Value Amounts of Derivative Instruments

Asset and liability values are presented gross, excluding the impact of legally enforceable master netting and CSA agreements.

	March 31, 2013
			Asset Derivatives			Liability Derivatives
(Dollars in millions)	Notional Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Total derivatives designated as hedging instruments:
Interest rate contracts	$	7,350	Other assets	$	24	Other liabilities	$	—
Derivatives not designated as hedging instruments:
Interest rate contracts	$	39,545	Trading account assets	$	966	Trading account liabilities	$	898
Commodity contracts		5,703	Trading account assets		137	Trading account liabilities		116
Foreign exchange contracts		4,249	Trading account assets		54	Trading account liabilities		53
Equity contracts		3,691	Trading account assets		156	Trading account liabilities		157
Other contracts		89	Other assets		1	Other liabilities		4
Total derivatives not designated as hedging instruments	$	53,277		$	1,314		$	1,228
Total derivative instruments	$	60,627		$	1,338		$	1,228
	December 31, 2012
			Asset Derivatives			Liability Derivatives
(Dollars in millions)	Notional Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Total derivatives designated as hedging instruments:
Interest rate contracts	$	8,400	Other assets	$	28	Other liabilities	$	—
Derivatives not designated as hedging instruments:
Interest rate contracts	$	37,790	Trading account assets	$	1,075	Trading account liabilities	$	1,009
Commodity contracts		5,595	Trading account assets		167	Trading account liabilities		140
Foreign exchange contracts		4,593	Trading account assets		69	Trading account liabilities		65
Equity contracts		3,631	Trading account assets		103	Trading account liabilities		103
Other contracts		109	Other assets		1	Other liabilities		3
Total derivatives not designated as hedging instruments	$	51,718		$	1,415		$	1,320
Total derivative instruments	$	60,118		$	1,443		$	1,320

Schedule of Derivatives Designated as Cash Flow Hedges

The following tables present the amount and location of the net gains and losses recorded in the Company’s consolidated statements of income and changes in stockholder’s equity for derivatives designated as cash flow hedges for the first quarters of 2013 and 2012:

	Amount of Gain or (Loss) Recognized in OCI on Derivative Instruments (Effective Portion)				Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)					Gain or (Loss) Recognized in Income on Derivative Instruments (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	For the Three Months Ended March 31,					For the Three Months Ended March 31,					For the Three Months Ended March 31,
(Dollars in millions)	2013		2012		Location	2013		2012		Location	2013		2012
Derivatives in cash flow hedging relationships
					Interest income	$	7	$	2
Interest rate contracts	$	6	$	10	Interest expense(1)		—		—	Noninterest expense(1)	$	—	$	—
Total	$	6	$	10		$	7	$	2		$	—	$	—

⁽¹⁾  Amount recognized was less than $1 million.

Gain or (Loss) Recognized in Income on Derivative Instruments

The following table presents the amount of the net gains and losses reported in the consolidated statement of income under the heading trading account activities for derivative instruments classified as trading for the first quarters of 2013 and 2012:

	Gain or (Loss) Recognized in Income on Derivative Instruments
	For the Three Months Ended
(Dollars in millions)	March 31, 2013			March 31, 2012
Trading derivatives:
Interest rate contracts	$	(1	)	$	14
Equity contracts		3			5
Foreign exchange contracts		3			7
Commodity contracts		(1	)		—
Other contracts		1			—
Total	$	5		$	26

Summary of Offsetting Assets and Liabilities

The following tables present the offsetting of financial assets and liabilities as of March 31, 2013 and December 31, 2012:

	March 31, 2013
							Gross Amounts Not Offset in Balance Sheet
(Dollars in millions)	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in Balance Sheet		Net Amounts Presented in Balance Sheet		Financial Instruments		Cash Collateral Received/Pledged		Net Amount
Financial Assets:
Derivative Assets	$	1,338	$	392	$	946	$	17	$	5	$	924
Securities purchased under resale agreements		24		—		24		24		—		—
Total	$	1,362	$	392	$	970	$	41	$	5	$	924
Financial Liabilities:
Derivative Liabilities	$	1,228	$	507	$	721	$	467	$	1	$	253
Securities sold under repurchase agreements		40		—		40		40		—		—
Total	$	1,268	$	507	$	761	$	507	$	1	$	253

	December 31, 2012
							Gross Amounts Not Offset in Balance Sheet
(Dollars in millions)	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in Balance Sheet		Net Amounts Presented in Balance Sheet		Financial Instruments		Cash Collateral Received/Pledged		Net Amount
Financial Assets:
Derivative Assets	$	1,443	$	370	$	1,073	$	21	$	2	$	1,050
Securities purchased under resale agreements		19		—		19		19		—		—
Total	$	1,462	$	370	$	1,092	$	40	$	2	$	1,050
Financial Liabilities:
Derivative Liabilities	$	1,320	$	449	$	871	$	491	$	121	$	259
Securities sold under repurchase agreements		5		—		5		5		—		—
Total	$	1,325	$	449	$	876	$	496	$	121	$	259