CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Assets
Cash		$ 203	$ 128
Interest bearing deposits with banks		0	1,500
Securities purchased under agreements to resell		5,582	2,392
Receivables held for sale (including $716 million and $750 million at March 31, 2017 and December 31, 2016, respectively, collateralizing long-term debt)	[1],[2]	1,911	5,674
Real estate owned		26	31
Deferred income taxes, net		2,226	2,897
Bank owned life insurance		820	817
Other assets		997	427
Assets of discontinued operations		1	16
Total assets		11,766	13,882
Debt:
Due to affiliates (including $488 million and $485 million at March 31, 2017 and December 31, 2016, respectively, carried at fair value)		802	3,300
Long-term debt (including $1.3 billion and $1.3 billion at March 31, 2017 and December 31, 2016, respectively, carried at fair value and $371 million and $404 million at March 31, 2017 and December 31, 2016, respectively, collateralized by receivables)		4,320	4,340
Total debt		5,122	7,640
Derivative related liabilities		46	12
Liability for postretirement benefits		129	129
Other liabilities		601	610
Liabilities of discontinued operations		37	57
Total liabilities		5,935	8,448
Common equity:
Common stock ($0.01 par value, 100 shares authorized; 68 shares issued and outstanding at March 31, 2017 and December 31, 2016)		0	0
Additional paid-in-capital		23,115	23,138
Accumulated deficit		(18,283)	(18,728)
Accumulated other comprehensive income (loss)		(1)	24
Total common equity		4,831	4,434
Total equity		5,831	5,434
Total liabilities and equity		11,766	13,882
Series C Preferred Stock [Member]
Redeemable preferred stock:
Redeemable preferred stock		$ 1,000	$ 1,000

[1] At March 31, 2017 and December 31, 2016, receivables held for sale includes $716 million and $750 million, respectively, of closed-end real estate secured receivables which are part of a collateralized funding transaction. These receivables will be sold when they are contractually released as collateral under the public trust and become available for sale. See Note 10, "Variable Interest Entities," for further discussion of our collateralized funding transactions.

[2] At March 31, 2017 and December 31, 2016, contractually delinquent real estate secured receivables held for sale includes $203 million and $235 million, respectively, that are in the process of foreclosure.