Derivative Instruments and Other Financial Instruments Used For Hedging (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The table below presents the notional amounts and fair value amounts of the Company's derivative instruments reported on the consolidated balance sheets, segregated between derivative instruments designated and qualifying as hedging instruments and derivative instruments not designated and qualifying as hedging instruments as of September 30, 2014 and December 31, 2013, respectively. Asset and liability values are presented gross, excluding the impact of legally enforceable master netting and CSA agreements. The fair value of asset and liability derivatives designated and qualifying as hedging instruments and derivatives designated as other risk management are included in other assets and other liabilities, respectively. The fair value of asset and liability trading derivatives are included in trading account assets and trading account liabilities, respectively.

	September 30, 2014						December 31, 2013
			Fair Value						Fair Value
	Notional		Asset		Liability		Notional		Asset		Liability
(Dollars in millions)	Amount		Derivatives		Derivatives		Amount		Derivatives		Derivatives
Designated and qualifying as hedging instruments:
Cash flow hedges
Interest rate contracts	$	9,600	$	6	$	32	$	4,300	$	8	$	13
Fair value hedges
Interest rate contracts	500		—		2		—		—		—
Not designated and qualifying as hedging instruments:
Trading
Interest rate contracts	46,106		793		651		44,427		713		609
Commodity contracts	5,268		94		81		5,714		76		61
Foreign exchange contracts	5,998		93		54		5,645		33		29
Equity contracts	3,909		264		263		4,027		253		254
Other contracts	—		—		—		140		—		—
Total Trading	61,281		1,244		1,049		59,953		1,075		953
Other risk management	251		1		4		185		2		4
Total derivative instruments	$	71,632	$	1,251	$	1,087	$	64,438	$	1,085	$	970

Amount and Location of Gains and Losses for 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 three and nine months ended September 30, 2014 and 2013:

	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 September 30,						For the Three Months Ended September 30,						For the Three Months Ended September 30,
(Dollars in millions)	2014			2013		Location	2014		2013			Location	2014			2013
Derivatives in cash flow hedging relationships
						Interest income	$	32	$	13
Interest rate contracts	$	(32	)	$	30	Interest expense	2		(1		)	Noninterest expense	$	(1	)	$	—
Total	$	(32	)	$	30		$	34	$	12			$	(1	)	$	—

	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 Nine Months Ended September 30,					For the Nine Months Ended September 30,						For the Nine Months Ended September 30,
(Dollars in millions)	2014		2013		Location	2014		2013			Location	2014		2013
Derivatives in cash flow hedging relationships
					Interest income	$	81	$	28
Interest rate contracts	$	46	$	39	Interest expense	5		(1		)	Noninterest expense	$	—	$	—
Total	$	46	$	39		$	86	$	27			$	—	$	—

Schedule of derivative gains (losses) on the Company's fair value hedges

The following table presents the gains (losses) on the Company's fair value hedges for the three and nine months ended September 30, 2014:

		For the Three Months Ended September 30, 2014							For the Nine Months Ended September 30, 2014
(Dollars in millions)		Derivative			Hedged Item		Hedge Ineffectiveness		Derivative			Hedged Item		Hedge Ineffectiveness
Interest rate risk on long-term debt		$	(5	)	$	6	$	1	$	(2	)	$	3	$	1
	Total	$	(5	)	$	6	$	1	$	(2	)	$	3	$	1

Gain or (Loss) Recognized in Income on Derivative Instruments

The following table presents the amount of the net gains and losses for derivative instruments classified as trading reported in the consolidated statements of income under the heading trading account activities for the three and nine months ended September 30, 2014 and 2013:

	Gain or (Loss) Recognized in Income on Derivative Instruments					Gain or (Loss) Recognized in Income on Derivative Instruments
	For the Three Months Ended					For the Nine Months Ended
(Dollars in millions)	September 30, 2014		September 30, 2013			September 30, 2014		September 30, 2013
Trading derivatives:
Interest rate contracts	$	15	$	12		$	34	$	21
Equity contracts	2		(10		)	3		(4		)
Foreign exchange contracts	7		5			13		13
Commodity contracts	6		1			7		1
Other contracts	—		1			1		2
Total	$	30	$	9		$	58	$	33

Summary of Offsetting Assets and Liabilities

The following tables present the offsetting of financial assets and liabilities as of September 30, 2014 and December 31, 2013:

	September 30, 2014
							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	$	1,251	$	518	$	733	$	75	$	—	$	658
Securities purchased under resale agreements	153		—		153		153		—		—
Total	$	1,404	$	518	$	886	$	228	$	—	$	658
Financial Liabilities:
Derivative Liabilities	$	1,087	$	576	$	511	$	126	$	—	$	385
Securities sold under repurchase agreements	74		—		74		74		—		—
Total	$	1,161	$	576	$	585	$	200	$	—	$	385

	December 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	$	1,085	$	493	$	592	$	79	$	—	$	513
Securities purchased under resale agreements	10		—		10		10		—		—
Total	$	1,095	$	493	$	602	$	89	$	—	$	513
Financial Liabilities:
Derivative Liabilities	$	970	$	423	$	547	$	144	$	—	$	403
Securities sold under repurchase agreements	8		—		8		8		—		—
Total	$	978	$	423	$	555	$	152	$	—	$	403