FAIR VALUE MEASUREMENTS (Details 6) (Level 3, USD $)
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12 Months Ended | |
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Dec. 31, 2013
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Dec. 31, 2012
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Corporate debt | Discounted cash flow
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Fair value inputs, assets, quantitative information | ||
Fair Value | $ 788,000,000 | $ 775,000,000 |
Corporate debt | Discounted cash flow | Minimum
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Fair value inputs, assets, quantitative information | ||
Yield | 0.00% | 0.08% |
Corporate debt | Discounted cash flow | Maximum
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Fair value inputs, assets, quantitative information | ||
Yield | 14.29% | 6.55% |
Corporate debt | Discounted cash flow | Weighted-average
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Fair value inputs, assets, quantitative information | ||
Yield | 6.64% | 3.31% |
Residential mortgage backed securities | Discounted cash flow
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Fair value inputs, assets, quantitative information | ||
Fair Value | 14,419,000,000 | 10,650,000,000 |
Residential mortgage backed securities | Discounted cash flow | Minimum
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Fair value inputs, assets, quantitative information | ||
Yield | 2.54% | 2.23% |
Constant prepayment rate | 0.00% | 0.00% |
Loss severity | 42.60% | 43.70% |
Constant default rate | 3.98% | 4.21% |
Residential mortgage backed securities | Discounted cash flow | Maximum
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Fair value inputs, assets, quantitative information | ||
Yield | 7.40% | 9.42% |
Constant prepayment rate | 10.35% | 10.76% |
Loss severity | 79.07% | 78.72% |
Constant default rate | 12.22% | 13.30% |
Residential mortgage backed securities | Discounted cash flow | Weighted-average
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Fair value inputs, assets, quantitative information | ||
Yield | 4.97% | 5.82% |
Constant prepayment rate | 4.97% | 5.03% |
Loss severity | 60.84% | 61.21% |
Constant default rate | 8.10% | 8.75% |
Certain CDO/ABS | Discounted cash flow
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Fair value inputs, assets, quantitative information | ||
Fair Value | 5,414,000,000 | 7,844,000,000 |
Portion of total for which yield is the only input available | 6,600,000,000 | |
Certain CDO/ABS | Discounted cash flow | Minimum
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Fair value inputs, assets, quantitative information | ||
Yield | 5.20% | 5.41% |
Constant prepayment rate | 5.20% | 0.00% |
Loss severity | 48.60% | 0.00% |
Constant default rate | 3.20% | 0.00% |
Certain CDO/ABS | Discounted cash flow | Maximum
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Fair value inputs, assets, quantitative information | ||
Yield | 11.50% | 10.67% |
Constant prepayment rate | 10.80% | 32.25% |
Loss severity | 63.40% | 29.38% |
Constant default rate | 16.20% | 4.05% |
Certain CDO/ABS | Discounted cash flow | Weighted-average
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Fair value inputs, assets, quantitative information | ||
Yield | 9.40% | 8.04% |
Constant prepayment rate | 8.20% | 11.82% |
Loss severity | 56.40% | 6.36% |
Constant default rate | 9.00% | 1.18% |
Commercial mortgage backed securities | Discounted cash flow
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Fair value inputs, assets, quantitative information | ||
Fair Value | 5,847,000,000 | 3,251,000,000 |
Commercial mortgage backed securities | Discounted cash flow | Minimum
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Fair value inputs, assets, quantitative information | ||
Yield | 0.00% | 0.00% |
Commercial mortgage backed securities | Discounted cash flow | Maximum
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Fair value inputs, assets, quantitative information | ||
Yield | 14.69% | 19.95% |
Commercial mortgage backed securities | Discounted cash flow | Weighted-average
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Fair value inputs, assets, quantitative information | ||
Yield | 5.58% | 7.76% |
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET)
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Fair value inputs, assets, quantitative information | ||
Fair Value | $ 557,000,000 | $ 1,205,000,000 |
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET) | Minimum
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Fair value inputs, assets, quantitative information | ||
Recovery rates | 6.00% | 3.00% |
Diversity score | 5 | 4 |
Weighted average life | 1 year 25 days | 1 year 3 months 7 days |
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET) | Maximum
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Fair value inputs, assets, quantitative information | ||
Recovery rates | 63.00% | 63.00% |
Diversity score | 35 | 44 |
Weighted average life | 9 years 5 months 19 days | 9 years 1 month 10 days |
CDO/ABS - Direct Investment book | Binomial Expansion Technique (BET) | Weighted-average
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Fair value inputs, assets, quantitative information | ||
Recovery rates | 25.00% | 27.00% |
Diversity score | 12 | 13 |
Weighted average life | 4 years 10 months 10 days | 4 years 10 months 28 days |