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

9 Months Ended

Sep. 30, 2015

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 as hedging instruments as of September 30, 2015 and December 31, 2014, respectively. Asset and liability values are presented gross, excluding the impact of legally enforceable master netting and credit support annex 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, 2015						December 31, 2014
			Fair Value						Fair Value
	Notional		Asset		Liability		Notional		Asset		Liability
(Dollars in millions)	Amount		Derivatives		Derivatives		Amount		Derivatives		Derivatives
Cash flow hedges
Interest rate contracts	$	13,400	$	197	$	—	$	9,750	$	34	$	4
Fair value hedges
Interest rate contracts	500		11		—		500		2		—
Not designated as hedging instruments:
Trading
Interest rate contracts	68,580		1,135		1,076		46,944		933		830
Commodity contracts	4,239		432		420		4,741		422		408
Foreign exchange contracts	5,472		111		90		5,661		106		80
Equity contracts	3,457		182		181		3,797		300		299
Total Trading	81,748		1,860		1,767		61,143		1,761		1,617
Other risk management	275		3		3		286		2		3
Total derivative instruments	$	95,923	$	2,071	$	1,770	$	71,679	$	1,799	$	1,624

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, 2015 and 2014:

	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 (Loss) Recognized in Income on Derivative Instruments (Ineffective Portion)
	For the Three Months Ended September 30,						For the Three Months Ended September 30,					For the Three Months Ended September 30,
(Dollars in millions)	2015		2014			Location	2015		2014		Location	2015		2014
Derivatives in cash flow hedging relationships
						Interest income	$	47	$	32
Interest rate contracts	$	185	$	(32	)	Interest expense	1		2		Noninterest expense	$	—	$	(1	)
Total	$	185	$	(32	)		$	48	$	34		$	—	$	(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 (Loss) Recognized in Income on Derivative Instruments (Ineffective Portion)
	For the Nine Months Ended September 30,					For the Nine Months Ended September 30,					For the Nine Months Ended September 30,
(Dollars in millions)	2015		2014		Location	2015		2014		Location	2015		2014
Derivatives in cash flow hedging relationships
					Interest income	$	120	$	81
Interest rate contracts	$	296	$	46	Interest expense	2		5		Noninterest expense	$	1	$	—
Total	$	296	$	46		$	122	$	86		$	1	$	—

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, 2015 and 2014, respectively:

		For the Three Months Ended September 30, 2015							For the Nine Months Ended September 30, 2015
(Dollars in millions)		Derivative		Hedged Item			Hedge Ineffectiveness		Derivative		Hedged Item			Hedge Ineffectiveness
Interest rate risk on long-term debt		$	6	$	(6	)	$	—	$	9	$	(9	)	$	—
	Total	$	6	$	(6	)	$	—	$	9	$	(9	)	$	—

		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, 2015 and 2014:

	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, 2015			September 30, 2014		September 30, 2015		September 30, 2014
Trading derivatives:
Interest rate contracts	$	(3	)	$	15	$	7	$	34
Equity contracts	—			2		—		3
Foreign exchange contracts	7			7		18		13
Commodity contracts	—			6		2		7
Other contracts	—			—		—		1
Total	$	4		$	30	$	27	$	58

Summary of Offsetting Assets and Liabilities

The following tables present the offsetting of financial assets and liabilities as of September 30, 2015 and December 31, 2014:

	September 30, 2015
							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	$	2,071	$	948	$	1,123	$	67	$	—	$	1,056
Securities purchased under resale agreements	82		—		82		81		—		1
Total	$	2,153	$	948	$	1,205	$	148	$	—	$	1,057
Financial Liabilities:
Derivative liabilities	$	1,770	$	958	$	812	$	237	$	—	$	575
Securities sold under repurchase agreements	35		—		35		35		—		—
Total	$	1,805	$	958	$	847	$	272	$	—	$	575

	December 31, 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	$	1,799	$	887	$	912	$	113	$	—	$	799
Securities purchased under resale agreements	62		—		62		61		—		1
Total	$	1,861	$	887	$	974	$	174	$	—	$	800
Financial Liabilities:
Derivative liabilities	$	1,624	$	787	$	837	$	162	$	—	$	675
Securities sold under repurchase agreements	68		—		68		68		—		—
Total	$	1,692	$	787	$	905	$	230	$	—	$	675