Derivative Instruments And Hedging Activities Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Derivative Instruments

	March 31, 2019						December 31, 2018
	Notional amount		Fair value				Notional amount		Fair value
(In millions)			Other assets		Other liabilities				Other assets		Other liabilities
Derivatives designated as hedging instruments:
Cash flow hedges:
Purchased interest rate floors	$	3,000	$	9	$	—	$	—	$	—	$	—
Received-fixed interest rate swaps	1,338		—		—		687		—		—
Fair value hedges:
Received-fixed interest rate swaps	1,000		—		—		500		—		—
Total derivatives designated as hedging instruments	5,338		9		—		1,187		—		—
Derivatives not designated as hedging instruments:
Customer-facing interest rate derivatives	3,035		69		22		2,826		40		36
Offsetting interest rate derivatives	3,035		—		—		2,826		—		—
Other interest rate derivatives	449		1		1		253		1		1
Foreign exchange derivatives	367		3		2		389		4		2
Total derivatives not designated as hedging instruments	6,886		73		25		6,294		45		39
Total derivatives	$	12,224	$	82	$	25	$	7,481	$	45	$	39

	Amount of derivative gain (loss) recognized/reclassified
	Three Months Ended March 31, 2019									Three Months Ended March 31, 2018
(In millions)	OCI		Reclassified from AOCI to interest income		Noninterest income (expense)			Offset to interest expense		OCI			Reclassified from AOCI to interest income		Noninterest income (expense)			Offset to interest expense
Derivatives designated as hedging instruments:
Cash flow hedges of floating-rate assets1:
Purchased interest rate floors	$	3	$	—						$	(5	)	$	—
Interest rate swaps	8		2
Fair value hedges of fixed-rate debt:
Receive-fixed interest rate swaps								$	—									$	—
Total derivatives designated as hedging instruments	11		2					—		(5		)	—					—
Derivatives not designated as hedging instruments:
Customer-facing interest rate derivatives					$	(41	)								$	45
Offsetting interest rate derivatives					44										(38		)
Other interest rate derivatives					—										(2		)
Foreign exchange derivatives					5										5
Total derivatives not designated as hedging instruments					8										10
Total derivatives	$	11	$	2	$	8		$	—	$	(5	)	$	—	$	10		$	—

Schedule Of Gain (Loss) Of Derivative Instruments

	Gain/(loss) recorded in income
	Three Months Ended March 31, 2019							Three Months Ended March 31, 2018
(In millions)	Derivatives2		Hedged items			Total income statement impact		Derivatives2		Hedged items		Total income statement impact
Interest rate swaps1	$	6	$	(6	)	$	—	$	—	$	—	$	—

¹  Consists of hedges of benchmark interest rate risk of fixed-rate long-term debt. Gains and losses were recorded in net interest income.

² The income for the derivative does not reflect interest income/expense to be consistent with the presentation of the gains/ (losses) on the hedged items.

	Amount of derivative gain (loss) recognized/reclassified
	Three Months Ended March 31, 2019									Three Months Ended March 31, 2018
(In millions)	OCI		Reclassified from AOCI to interest income		Noninterest income (expense)			Offset to interest expense		OCI			Reclassified from AOCI to interest income		Noninterest income (expense)			Offset to interest expense
Derivatives designated as hedging instruments:
Cash flow hedges of floating-rate assets1:
Purchased interest rate floors	$	3	$	—						$	(5	)	$	—
Interest rate swaps	8		2
Fair value hedges of fixed-rate debt:
Receive-fixed interest rate swaps								$	—									$	—
Total derivatives designated as hedging instruments	11		2					—		(5		)	—					—
Derivatives not designated as hedging instruments:
Customer-facing interest rate derivatives					$	(41	)								$	45
Offsetting interest rate derivatives					44										(38		)
Other interest rate derivatives					—										(2		)
Foreign exchange derivatives					5										5
Total derivatives not designated as hedging instruments					8										10
Total derivatives	$	11	$	2	$	8		$	—	$	(5	)	$	—	$	10		$	—

Note: These schedules are not intended to present at any given time the Bank’s long/short position with respect to its derivative contracts.

¹  Amounts recognized in OCI and reclassified from AOCI represent the effective portion of the derivative gain (loss). For the 12 months following March 31, 2019, we estimate that $(7) million will be reclassified from AOCI into interest income