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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Investments
 June 30, 2014 December 31, 2013
   Gross Gross     Gross Gross  
 Amortized unrealized unrealized Estimated Amortized unrealized unrealized Estimated
(In millions)cost gains losses fair value cost gains losses fair value
                        
GE                       
Debt                       
    U.S. corporate$ 22 $ 7 $ - $ 29 $ 21 $ 14 $ - $ 35
    Corporate – non-U.S.  13   -   (1)   12   13   -   (1)   12
Equity                       
    Available-for-sale  305   9   (97)   217   302   9   (41)   270
    Trading  -   -   -   -   6   -   -   6
   340   16   (98)   258   342   23   (42)   323
                        
GECC                       
Debt                       
   U.S. corporate  19,800   3,510   (91)   23,219   19,600   2,323   (217)   21,706
    State and municipal  5,144   497   (96)   5,545   4,245   235   (191)   4,289
    Residential mortgage-backed(a)  1,755   153   (30)   1,878   1,819   139   (48)   1,910
    Commercial mortgage-backed  2,933   207   (42)   3,098   2,929   188   (82)   3,035
    Asset-backed  7,685   33   (36)   7,682   7,373   60   (46)   7,387
    Corporate – non-U.S.  1,666   179   (50)   1,795   1,741   103   (86)   1,758
    Government – non-U.S.  2,011   118   (3)   2,126   2,336   81   (7)   2,410
    U.S. government and federal                       
       agency  698   50   (1)   747   752   45   (27)   770
Retained interests  60   13   -   73   64   8   -   72
Equity                       
    Available-for-sale  215   71   (2)   284   203   51   (3)   251
    Trading  53   -   -   53   74   -   -   74
   42,020   4,831   (351)   46,500   41,136   3,233   (707)   43,662
                        
Eliminations  (4)   -   -   (4)   (4)   -   -   (4)
Total$ 42,356 $ 4,847 $ (449) $ 46,754 $ 41,474 $ 3,256 $ (749) $ 43,981
                        

(a)       Substantially collateralized by U.S. mortgages. At June 30, 2014, $1,238 million related to securities issued by government-sponsored entities and $640 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

 

Schedule of investments, by type and length in continuous loss position
 In loss position for 
 Less than 12 months 12 months or more 
   Gross   Gross 
 Estimated unrealized Estimated unrealized 
(In millions)fair value(a)losses(a)(b) fair value losses(b) 
             
June 30, 2014            
Debt            
   U.S. corporate$ 234 $ (4) $ 1,523 $ (87) 
   State and municipal  115   (2)   766   (94) 
   Residential mortgage-backed  47   (1)   471   (29) 
   Commercial mortgage-backed  5   -   931   (42) 
   Asset-backed  3   -   321   (36) 
   Corporate – non-U.S.  32   (1)   444   (50) 
   Government – non-U.S.  984   (3)   89   - 
   U.S. government and federal agency  -   -   255   (1) 
Retained interests  7   -   1   - 
Equity  229   (99)   -   - 
Total$ 1,656 $ (110) $ 4,801 $ (339)(c)
             
December 31, 2013            
Debt            
   U.S. corporate$ 2,170 $ (122) $ 598 $ (95) 
   State and municipal  1,076   (82)   367   (109) 
   Residential mortgage-backed  232   (11)   430   (37) 
   Commercial mortgage-backed  396   (24)   780   (58) 
   Asset-backed  112   (2)   359   (44) 
   Corporate – non-U.S.  108   (4)   454   (83) 
   Government – non-U.S.  1,479   (6)   42   (1) 
   U.S. government and federal agency  229   (27)   254   - 
Retained interests  2   -   -   - 
Equity  253   (44)   -   - 
Total$ 6,057 $ (322) $ 3,284 $ (427) 
             

(a)       Includes the estimated fair value of and gross unrealized losses on Corporate-non-U.S. and Equity securities held by GE. At June 30, 2014, the estimated fair value of and gross unrealized losses on Corporate-non-U.S. securities were $12 million and $(1) million, respectively. The estimated fair value of and gross unrealized losses on Equity securities were $183 million and $(97) million, respectively. At December 31, 2013, the estimated fair value of and gross unrealized losses on Corporate-non-U.S. securities were $12 million and $(1) million, respectively. The estimated fair value of and gross unrealized losses on Equity securities were $222 million and $(41) million, respectively.

(b)       Included gross unrealized losses related to securities that had other-than-temporary impairments previously recognized of $(66) million at June 30, 2014.

(c)       The majority relate to debt securities held to support obligations to holders of GICs and more than 70% are debt securities that were considered to be investment-grade by the major rating agencies at June 30, 2014.

 

Pre Tax Other Than Temporary Impairments On Investment Securities [TableTextBlock]
Pre-tax, Other-Than-Temporary Impairments on Investment Securities
             
  Three months ended June 30 Six months ended June 30
(In millions) 2014 2013 2014 2013
             
Total pre-tax, OTTI recognized $ 9 $ 159 $ 47 $ 461
Less pre-tax, OTTI recognized in AOCI   -   (19)   (4)   (30)
Pre-tax, OTTI recognized in earnings(a) $ 9 $ 140 $ 43 $ 431
             

(a)       Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of $2 million and an insignificant amount in the three months ended June 30, 2014 and 2013, respectively, and $3 million and $1 million in the six months ended June 30, 2014 and 2013, respectively.

 

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]
Changes in Cumulative Credit Loss Impairments Recognized on Debt Securities Still Held
             
  Three months ended June 30 Six months ended June 30
(In millions) 2014 2013 2014 2013
             
Cumulative credit loss impairments recognized,             
beginning of period $ 1,171 $ 862 $ 1,193 $ 588
Credit loss impairments recognized on securities             
not previously impaired   1   122   1   385
Incremental credit loss impairments recognized            
on securities previously impaired   2   7   31   19
Less credit loss impairments previously             
recognized on securities sold during the period   (3)   (46)   (54)   (47)
Cumulative credit loss impairments recognized,            
end of period $ 1,171 $ 945 $ 1,171 $ 945
             
Schedule of contractual maturities
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage-Backed and Asset-Backed Securities)
 
       Amortized Estimated
(In millions)      cost fair value
            
Due           
Within one year      $ 1,969 $ 1,981
After one year through five years        3,681   4,020
After five years through ten years         5,241   5,592
After ten years         18,463   21,880
            
Supplemental gross realized gains losses on available-for-sale investment securities
  Three months ended June 30 Six months ended June 30
(In millions) 2014 2013 2014 2013
             
GE            
Gains $ 2 $ - $ 2 $ 1
Losses, including impairments   -   (7)   -   (20)
Net   2   (7)   2   (19)
             
GECC            
Gains   43   123   62   185
Losses, including impairments   (9)   (139)   (45)   (417)
Net   34   (16)   17   (232)
Total $ 36 $ (23) $ 19 $ (251)