Loans (Tables)

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Composition of Loan Portfolio

(Dollars in millions)	March 31, 2013		December 31, 2012
Commercial loans:
C&I		$54,343		$54,048
Commercial real estate	4,261		4,127
Commercial construction	634		713
Total commercial loans	59,238		58,888
Residential loans:
Residential mortgages - guaranteed	3,930		4,252
Residential mortgages - nonguaranteed1	23,051		23,389
Home equity products	14,617		14,805
Residential construction	683		753
Total residential loans	42,281		43,199
Consumer loans:
Guaranteed student loans	5,275		5,357
Other direct	2,387		2,396
Indirect	11,009		10,998
Credit cards	614		632
Total consumer loans	19,285		19,383
LHFI		$120,804		$121,470
LHFS		$3,193		$3,399

¹Includes $360 million and $379 million of loans carried at fair value at March 31, 2013 and December 31, 2012, respectively.

LHFI by Credit Quality Indicator

	Commercial Loans
	C&I				Commercial real estate				Commercial construction
(Dollars in millions)	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Credit rating:
Pass		$52,506		$52,292		$3,767		$3,564		$440		$506
Criticized accruing	1,632		1,562		435		497		169		173
Criticized nonaccruing	205		194		59		66		25		34
Total		$54,343		$54,048		$4,261		$4,127		$634		$713

	Residential Loans 1
	Residential mortgages - nonguaranteed				Home equity products				Residential construction
(Dollars in millions)	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Current FICO score range:
700 and above		$17,168		$17,410		$11,202		$11,339		$515		$561
620 - 699	3,848		3,850		2,291		2,297		113		123
Below 6202	2,035		2,129		1,124		1,169		55		69
Total		$23,051		$23,389		$14,617		$14,805		$683		$753

	Consumer Loans 3
	Other direct				Indirect				Credit cards
(Dollars in millions)	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Current FICO score range:
700 and above		$1,952		$1,980		$8,270		$8,300		$418		$435
620 - 699	368		350		2,084		2,038		153		152
Below 6202	67		66		655		660		43		45
Total		$2,387		$2,396		$11,009		$10,998		$614		$632

¹Excludes $3.9 billion and $4.3 billion at March 31, 2013 and December 31, 2012, respectively, of guaranteed residential loans. At March 31, 2013 and December 31, 2012, the majority of these loans had FICO scores of 700 and above.

²For substantially all loans with refreshed FICO scores below 620, the borrower’s FICO score at the time of origination exceeded 620 but has since deteriorated as the loan has seasoned.

³Excludes $5.3 billion and $5.4 billion at March 31, 2013 and December 31, 2012, respectively, of guaranteed student loans.

Payment Status for the LHFI Portfolio

	March 31, 2013
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$54,026		$93		$19		$205		$54,343
Commercial real estate	4,193		8		1		59		4,261
Commercial construction	609		—		—		25		634
Total commercial loans	58,828		101		20		289		59,238
Residential loans:
Residential mortgages - guaranteed	3,218		39		673		—		3,930
Residential mortgages - nonguaranteed1	22,131		175		24		721		23,051
Home equity products	14,167		116		—		334		14,617
Residential construction	572		7		2		102		683
Total residential loans	40,088		337		699		1,157		42,281
Consumer loans:
Guaranteed student loans	4,738		442		95		—		5,275
Other direct	2,366		13		2		6		2,387
Indirect	10,951		42		1		15		11,009
Credit cards	602		6		6		—		614
Total consumer loans	18,657		503		104		21		19,285
Total LHFI		$117,573		$941		$823		$1,467		$120,804

¹Includes $360 million of loans carried at fair value, the majority of which were accruing current.

²Nonaccruing loans past due 90 days or more totaled $883 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans which are classified as nonaccrual when the first lien loan is nonperforming. 

	December 31, 2012
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$53,747		$81		$26		$194		$54,048
Commercial real estate	4,050		11		—		66		4,127
Commercial construction	679		—		—		34		713
Total commercial loans	58,476		92		26		294		58,888
Residential loans:
Residential mortgages - guaranteed	3,523		39		690		—		4,252
Residential mortgages - nonguaranteed1	22,401		192		21		775		23,389
Home equity products	14,314		149		1		341		14,805
Residential construction	625		15		1		112		753
Total residential loans	40,863		395		713		1,228		43,199
Consumer loans:
Guaranteed student loans	4,769		556		32		—		5,357
Other direct	2,372		15		3		6		2,396
Indirect	10,909		68		2		19		10,998
Credit cards	619		7		6		—		632
Total consumer loans	18,669		646		43		25		19,383
Total LHFI		$118,008		$1,133		$782		$1,547		$121,470

¹Includes $379 million of loans carried at fair value, the majority of which were accruing current.

²Nonaccruing loans past due 90 days or more totaled $975 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans which are classified as nonaccrual when the first lien loan is

LHFI Considered Impaired

	March 31, 2013						December 31, 2012
(Dollars in millions)	Unpaid Principal Balance		Amortized    Cost1		Related Allowance		Unpaid Principal Balance		Amortized    Cost1		Related Allowance
Impaired loans with no related allowance recorded:
Commercial loans:
C&I		$80		$37		$—		$59		$40		$—
Commercial real estate	9		9		—		6		5		—
Commercial construction	45		45		—		45		45		—
Total commercial loans	134		91		—		110		90		—
Impaired loans with an allowance recorded:
Commercial loans:
C&I	30		28		3		46		38		6
Commercial real estate	14		9		—		15		7		1
Commercial construction	6		5		—		5		3		—
Total commercial loans	50		42		3		66		48		7
Residential loans:
Residential mortgages - nonguaranteed	2,305		2,013		229		2,346		2,046		234
Home equity products	705		626		93		661		612		88
Residential construction	269		206		27		259		201		26
Total residential loans	3,279		2,845		349		3,266		2,859		348
Consumer loans:
Other direct	15		15		2		14		14		2
Indirect	59		59		3		46		46		2
Credit cards	19		19		4		21		21		5
Total consumer loans	93		93		9		81		81		9
Total impaired loans		$3,556		$3,071		$361		$3,523		$3,078		$364

¹Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to reduce the net book balance.

Included in the impaired loan balances above were $2.4 billion of accruing TDRs, at amortized cost, at March 31, 2013 and December 31, 2012 of which 96% and 95% were current, respectively. See Note 1, “Significant Accounting Policies,” to the Company's Annual Report on Form 10−K for the year ended December 31, 2012, for further information regarding the Company’s loan impairment policy.

	Three Months Ended March 31
	2013				2012
(Dollars in millions)	Average Amortized Cost		Interest Income Recognized1		Average Amortized Cost		Interest Income Recognized1
Impaired loans with no related allowance recorded:
Commercial loans:
C&I		$49		$—		$28		$—
Commercial real estate	9		—		42		—
Commercial construction	45		1		17		—
Total commercial loans	103		1		87		—
Impaired loans with an allowance recorded:
Commercial loans:
C&I	29		—		75		—
Commercial real estate	10		—		90		—
Commercial construction	5		—		84		1
Total commercial loans	44		—		249		1
Residential loans:
Residential mortgages - nonguaranteed	2,020		22		2,319		22
Home equity products	629		5		521		4
Residential construction	206		2		224		2
Total residential loans	2,855		29		3,064		28
Consumer loans:
Other direct	15		—		12		—
Indirect	60		1		—		—
Credit cards	20		—		27		1
Total consumer loans	95		1		39		1
Total impaired loans		$3,097		$31		$3,439		$30

¹Of the interest income recognized during the three months ended March 31, 2013 and 2012, cash basis interest income was $4 million and $2 million, respectively.

Nonperforming Assets

(Dollars in millions)	March 31, 2013		December 31, 2012
Nonaccrual/NPLs:
Commercial loans:
C&I		$205		$194
Commercial real estate	59		66
Commercial construction	25		34
Residential loans:
Residential mortgages - nonguaranteed	721		775
Home equity products	334		341
Residential construction	102		112
Consumer loans:
Other direct	6		6
Indirect	15		19
Total nonaccrual/NPLs	1,467		1,547
OREO1	224		264
Other repossessed assets	8		9
Nonperforming LHFS	41		37
Total nonperforming assets		$1,740		$1,857

¹Does not include foreclosed real estate related to loans insured by the FHA or the VA. Proceeds due from the FHA and the VA are recorded as a receivable in other assets until the funds are received and the property is conveyed. The receivable amount related to proceeds due from the FHA or the VA totaled $159 million and $140 million at March 31, 2013 and December 31, 2012, respectively.

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Three Months Ended March 31, 20131
(Dollars in millions)	Number of Loans Modified	Principal  Forgiveness 2		Rate  Modification 3		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	67		$—		$2		$35		$37
Commercial real estate	4	—		3		—		3
Residential loans:
Residential mortgages - nonguaranteed	276	—		25		17		42
Home equity products	683	—		19		18		37
Residential construction	113	—		12		1		13
Consumer loans:
Other direct	48	—		—		1		1
Indirect	903	—		—		17		17
Credit cards	231	—		1		—		1
Total TDRs	2,325		$—		$62		$89		$151

¹Includes loans modified under the terms of a TDR that were charged-off during the period.

²There was no principal forgiveness for Commercial, Residential, or Consumer loans during the three months ended March 31, 2013.

³Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the three months ended March 31, 2013.

	Three Months Ended March 31, 20121
(Dollars in millions)	Number of Loans Modified	Principal  Forgiveness 2		Rate  Modification 3		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	103		$—		$1		$12		$13
Commercial real estate	10	6		1		2		9
Commercial construction	7	1		—		1		2
Residential loans:
Residential mortgages - nonguaranteed	225	—		20		1		21
Home equity products	384	—		31		1		32
Residential construction	35	—		—		9		9
Consumer loans:
Other direct	12	—		—		—		—
Credit cards	502	—		3		—		3
Total TDRs	1,278		$7		$56		$26		$89

¹Includes loans modified under the terms of a TDR that were charged-off during the period.

²Restructured loans which had forgiveness of amounts contractually due under the terms of the loan typically have had multiple concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness for the Commercial segment during the three months ended March 31, 2012, was less than $1 million. There was no principal forgiveness for Residential or Consumer loans during the three months ended March 31, 2012.

³Restructured loans which had a modification of the loan's contractual interest rate may also have had an extension of the loan's contractual maturity date and/or other concessions. The financial effect of modifying the interest rate on the loans modified as a TDR was immaterial to the financial statements during the three months ended March 31, 2012.

TroubledDebtRestructuingDefault [Table Text Block]

	Three Months Ended March 31, 2013
(Dollars in millions)	Number of Loans	Amortized Cost
Commercial loans:
C&I	23		$—
Commercial real estate	1	3
Commercial construction	1	—
Residential loans:
Residential mortgages	76	4
Home equity products	49	3
Residential construction	6	1
Consumer loans:
Other direct	7	—
Indirect	39	1
Credit cards	44	1
Total TDRs	246		$13

For the three months ended March 31, 2012, the table below represents defaults on loans that were first modified between the periods January 1, 2011 and March 31, 2012, including loans modified under the terms of a TDR that were charged-off during the period.

	Three Months Ended March 31, 2012
(Dollars in millions)	Number of Loans	Amortized Cost
Commercial loans:
C&I	11		$2
Commercial real estate	4	4
Commercial construction	3	2
Residential loans:
Residential mortgages	28	5
Home equity products	43	3
Residential construction	11	2
Consumer loans:
Other direct	2	—
Credit cards	78	1
Total TDRs	180		$19