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Derivative And Credit-Related Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivative Instruments
The following table presents the composition of the Corporation’s derivative instruments held or issued for risk management purposes or in connection with customer-initiated and other activities at September 30, 2020 and December 31, 2019. The table excludes commitments and warrants accounted for as derivatives.
 September 30, 2020December 31, 2019
  Fair Value Fair Value
(in millions)Notional/
Contract
Amount (a)		Gross Derivative AssetsGross Derivative LiabilitiesNotional/
Contract
Amount (a)		Gross Derivative AssetsGross Derivative Liabilities
Risk management purposes
Derivatives designated as hedging instruments
Interest rate contracts:
Swaps - fair value - receive fixed/pay floating
$2,650 $— $— $3,325 $— $— 
Swaps - cash flow - receive fixed/pay floating
5,550 — — 4,550 — — 
Derivatives used as economic hedges
Foreign exchange contracts:
Spot, forwards and swaps328 — 2 330 — 2 
Total risk management purposes8,528 — 2 8,205 — 2 
Customer-initiated and other activities
Interest rate contracts:
Caps and floors written745 — — 671 — — 
Caps and floors purchased745 — — 671 — — 
Swaps 20,263 601 68 16,485 211 39 
Total interest rate contracts21,753 601 68 17,827 211 39 
Energy contracts:
Caps and floors written447 1 36 477 — 23 
Caps and floors purchased447 36 — 477 23 — 
Swaps2,126 177 173 2,135 73 69 
Total energy contracts3,020 214 209 3,089 96 92 
Foreign exchange contracts:
Spot, forwards, options and swaps1,173 10 8 1,013 10 8 
Total customer-initiated and other activities25,946 825 285 21,929 317 139 
Total gross derivatives$34,474 $825 $287 $30,134 $317 $141 
Amounts offset in the Consolidated Balance Sheets:
Netting adjustment - Offsetting derivative assets/liabilities
(72)(72)(63)(63)
Netting adjustment - Cash collateral received/posted
(118)(36)(11)(12)
Net derivatives included in the Consolidated Balance Sheets (b)
635 179 243 66 
Amounts not offset in the Consolidated Balance Sheets:
Marketable securities pledged under bilateral collateral agreements
— (48)— (21)
Net derivatives after deducting amounts not offset in the Consolidated Balance Sheets
$635 $131 $243 $45 
(a)Notional or contractual amounts, which represent the extent of involvement in the derivatives market, are used to determine the contractual cash flows required in accordance with the terms of the agreement. These amounts are typically not exchanged, significantly exceed amounts subject to credit or market risk and are not reflected in the Consolidated Balance Sheets.
(b)Net derivative assets are included in accrued income and other assets and net derivative liabilities are included in accrued expenses and other liabilities on the Consolidated Balance Sheets. Included in the fair value of net derivative assets and net derivative liabilities are credit valuation adjustments reflecting counterparty credit risk and credit risk of the Corporation. The fair value of net derivative assets included credit valuation adjustments for counterparty credit risk of $31 million and $9 million at September 30, 2020 and December 31, 2019, respectively.
Schedule of the Effects of Fair Value Hedging on the Consolidated Statements of Comprehensive Income
The following table details the effects of fair value hedging on the Consolidated Statements of Comprehensive Income.
Interest on Medium- and Long-Term Debt
 Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2020201920202019
Total interest on medium- and long-term debt (a)$11 $50 $70 $152 
Fair value hedging relationships:
Interest rate contracts:
Hedged items26 28 84 80 
Derivatives designated as hedging instruments(16)(2)(34)(1)
(a) Includes the effects of hedging.
Schedule Of Weighted Average Maturity And Interest Rates On Risk Management Cash Flow Swaps [Text Block] The following table summarizes the expected weighted average remaining maturity of the notional amount of risk management interest rate swaps, the carrying amount of the related hedged items and the weighted average interest rates associated with amounts expected to be received or paid on interest rate swap agreements as of September 30, 2020 and December 31, 2019.
Cash flow swaps - receive fixed/pay floating rate on variable-rate loans:
(dollar amounts in millions)September 30, 2020December 31, 2019
Derivative notional amount$5,550 $4,550 
Weighted average:
   Remaining maturity (in years)2.5 3.0 
   Receive rate1.87 %1.94 %
   Pay rate (a)0.16 1.71 
(a)Variable rates paid on receive fixed swaps designated as cash flow hedges are based on one-month LIBOR rates in effect at September 30, 2020 and December 31, 2019.
Schedule Of Weighted Average Maturity And Interest Rates On Risk Management Interest Rate Swaps
Fair value swaps - receive fixed/pay floating rate on medium- and long-term debt:
(dollar amounts in millions)September 30, 2020December 31, 2019
Derivative notional amount$2,650 $3,325 
Carrying value of hedged items (a)2,954 3,469 
Weighted average:
   Remaining maturity (in years)4.9 4.6 
   Receive rate3.68 %3.44 %
   Pay rate (b)1.16 2.80 
(a)Included $305 million and $146 million of cumulative hedging adjustments at September 30, 2020 and December 31, 2019, respectively, which included $6 million and $7 million, respectively, of hedging adjustment on a discontinued hedging relationship.
(b)Variable rates paid on receive fixed swaps designated as fair value hedges are based on one- and six-month LIBOR rates in effect at September 30, 2020 and December 31, 2019.
Schedule Of Net Gains Recognized In Income On Customer-Initiated Derivatives The net gains recognized in income on customer-initiated derivative instruments, net of the impact of offsetting positions, were as follows.
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)Location of Gain2020201920202019
Interest rate contractsOther noninterest income$1 $4 $17 $16 
Energy contractsOther noninterest income— 1 3 4 
Foreign exchange contractsForeign exchange income9 11 29 33 
Total $10 $16 $49 $53 
Schedule Of Financial Instruments With Off-Balance Sheet Credit Risk The Corporation’s credit risk associated with these instruments is represented by the contractual amounts indicated in the following table.
(in millions)September 30, 2020December 31, 2019
Unused commitments to extend credit:
Commercial and other$23,322 $23,681 
Bankcard, revolving check credit and home equity loan commitments3,276 3,180 
Total unused commitments to extend credit$26,598 $26,861 
Standby letters of credit$3,191 $3,320 
Commercial letters of credit26 18 
Summary Of Criticized Letters Of Credit
The following table presents a summary of criticized standby and commercial letters of credit at September 30, 2020 and December 31, 2019. The Corporation's criticized list is generally consistent with the Special Mention, Substandard and Doubtful categories defined by regulatory authorities. The Corporation manages credit risk through underwriting, periodically reviewing and approving its credit exposures using Board committee approved credit policies and guidelines.
(dollar amounts in millions)September 30, 2020December 31, 2019
Total criticized standby and commercial letters of credit$91 $44 
As a percentage of total outstanding standby and commercial letters of credit2.8 %1.3 %