Fair Value Election and Measurement (Tables)

3 Months Ended

Mar. 31, 2013

Assets and Liabilities Measured at Fair Value on a Recurring Basis



				Fair Value Measurements at March 31, 2013 Using
(Dollars in millions)	Assets/Liabilities			Quoted Prices In Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Trading assets:
U.S. Treasury securities		$152			$152		$—		$—
Federal agency securities	646			—		646		—
U.S. states and political subdivisions	105			—		105		—
MBS - agency	324			—		324		—
CDO/CLO securities	64			—		3		61
ABS	5			—		—		5
Corporate and other debt securities	647			—		646		1
CP	296			—		296		—
Equity securities	100			100		—		—
Derivative contracts	2,486			105		2,381		—
Trading loans	2,200			—		2,200		—
Gross trading assets	7,025			357		6,601		67
Offsetting collateral ¹	(775		)
Total trading assets	6,250
Securities AFS:
U.S. Treasury securities	820			820		—		—
Federal agency securities	2,285			—		2,285		—
U.S. states and political subdivisions	290			—		243		47
MBS - agency	19,255			—		19,255		—
MBS - private	202			—		—		202
ABS	156			—		133		23
Corporate and other debt securities	45			—		40		5
Other equity securities ²	770			98		—		672
Total securities AFS	23,823			918		21,956		949
LHFS:
Residential loans	2,357			—		2,351		6
Corporate and other loans	315			—		315		—
Total LHFS	2,672			—		2,666		6
LHFI	360			—		—		360
MSRs	1,025			—		—		1,025
Other assets ³	120			—		21		99
Liabilities
Trading liabilities:
U.S. Treasury securities	555			555		—		—
Corporate and other debt securities	256			—		256		—
Equity securities	6			6		—		—
Derivative contracts	1,805			—		1,805		—
Gross trading liabilities	2,622			561		2,061		—
Offsetting collateral ¹	(1,274		)
Total trading liabilities	1,348
Brokered time deposits	810			—		810		—
Long-term debt	1,632			—		1,632		—
Other liabilities ^3,4	59			—		28		31

¹Amount represents the cash collateral received from or deposited with derivative counterparties. Amount is offset with derivatives in the Consolidated Balance Sheets at March 31, 2013.

²Includes $268 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank stock, $98 million in mutual fund investments, and $2 million of other equity securities.

³These amounts include IRLCs and derivative financial instruments entered into by the Mortgage line of business to hedge its interest rate risk.

⁴These amounts include the derivative associated with the Company's sale of Visa shares during the year ended December 31, 2009, certain CDS, and contingent consideration obligations related to acquisitions.



				Fair Value Measurements at December 31, 2012 Using
(Dollars in millions)	Assets/Liabilities			Quoted Prices In Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Trading assets:
U.S. Treasury securities		$111			$111		$—		$—
Federal agency securities	462			—		462		—
U.S. states and political subdivisions	34			—		34		—
MBS - agency	432			—		432		—
CDO/CLO securities	55			—		3		52
ABS	36			—		31		5
Corporate and other debt securities	567			—		566		1
CP	28			—		28		—
Equity securities	100			100		—		—
Derivative contracts	2,635			183		2,452		—
Trading loans	2,319			—		2,319		—
Gross trading assets	6,779			394		6,327		58
Offsetting collateral ¹	(730		)
Total trading assets	6,049
Securities AFS:
U.S. Treasury securities	222			222		—		—
Federal agency securities	2,069			—		2,069		—
U.S. states and political subdivisions	320			—		274		46
MBS - agency	18,169			—		18,169		—
MBS - private	209			—		—		209
ABS	216			—		195		21
Corporate and other debt securities	46			—		41		5
Other equity securities ²	702			69		—		633
Total securities AFS	21,953			291		20,748		914
LHFS:
Residential loans	2,924			—		2,916		8
Corporate and other loans	319			—		319		—
Total LHFS	3,243			—		3,235		8
LHFI	379			—		—		379
MSRs	899			—		—		899
Other assets ³	178			2		44		132
Liabilities
Trading liabilities:
U.S. Treasury securities	582			582		—		—
Corporate and other debt securities	173			—		173		—
Equity securities	9			9		—		—
Derivative contracts	1,656			—		1,656		—
Gross trading liabilities	2,420			591		1,829		—
Offsetting collateral ¹	(1,259		)
Total trading liabilities	1,161
Brokered time deposits	832			—		832		—
Long-term debt	1,622			—		1,622		—
Other liabilities ^3,4	46			—		15		31

¹Amount represents the cash collateral received from or deposited with derivative counterparties. Amount is offset with derivatives in the Consolidated Balance Sheets at December 31, 2012.

²Includes $229 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank stock, $69 million in mutual fund investments, and $2 million of other equity securities.

³These amounts include IRLCs and derivative financial instruments entered into by the Mortgage line of business to hedge its interest rate risk.

Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance



(Dollars in millions)	Aggregate Fair Value at March 31, 2013		Aggregate Unpaid Principal Balance under FVO at March 31, 2013		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,200		$2,160		$40
LHFS	2,661		2,591		70
Past due loans of 90 days or more	2		2		—
Nonaccrual loans	9		12		(3		)
LHFI	344		357		(13		)
Past due loans of 90 days or more	2		3		(1		)
Nonaccrual loans	14		23		(9		)
Liabilities:
Brokered time deposits	810		803		7
Long-term debt	1,632		1,461		171
(Dollars in millions)	Aggregate Fair Value at December 31, 2012		Aggregate Unpaid Principal Balance under FVO at December 31, 2012		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,319		$2,285		$34
LHFS	3,237		3,109		128
Past due loans of 90 days or more	3		5		(2		)
Nonaccrual loans	3		12		(9		)
LHFI	360		371		(11		)
Past due loans of 90 days or more	1		3		(2		)
Nonaccrual loans	18		28		(10		)
Liabilities:
Brokered time deposits	832		825		7
Long-term debt	1,622		1,462		160

Change in Fair Value of Financial Instruments for which the FVO has been Elected



	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2013, for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income			Mortgage Production Related Income¹			Mortgage Servicing Related Income		Total Changes in Fair Values Included in Current Period Earnings ²
Assets:
Trading loans		$4			$—			$—		$4
LHFS	2			(21		)	—		(19		)
LHFI	—			(3		)	—		(3		)
MSRs	—			1			17		18
Liabilities:
Brokered time deposits	2			—			—		2
Long-term debt	(10		)	—			—		(10		)

¹Income related to LHFS does not include income from IRLCs. For the three months ended March 31, 2013, income related to MSRs includes $1 million of MSRs recognized upon the sale of loans reported at LOCOM.

²Changes in fair value for the three months ended March 31, 2013, exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, brokered time deposits, and long-term debt that have been elected to be carried at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.



	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2012, for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income			Mortgage Production Related Income¹			Mortgage Servicing Related Income		Total Changes in Fair Values Included in Current Period Earnings ²
Assets:
Trading loans		$8			$—			$—		$8
LHFS	7			(17		)	—		(10		)
LHFI	—			(3		)	—		(3		)
MSRs	—			10			67		77
Liabilities:
Long-term debt	(4		)	—			—		(4		)

¹Income related to LHFS does not include income from IRLCs. For the three months ended March 31, 2012, income related to MSRs includes $10 million of MSRs recognized upon the sale of loans reported at LOCOM.

²Changes in fair value for the three months ended March 31, 2012, exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, brokered time deposits, and long-term debt that have been elected to be carried at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

Fair Value Level 3 Significant Unobservable Input Assumptions [Table Text Block]



	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value March 31, 2013			Valuation Technique	Unobservable Input¹	Range (weighted average)
Trading assets:
CDO/CLO securities		$61		Matrix pricing	Estimated collateral losses	32-45% (40%)
CDO/CLO securities		$61		Matrix pricing	Market yield	9-11% (10%)
ABS	5			Matrix pricing	Indicative pricing	$45 ($45)
Corporate and other debt securities	1			Third party pricing	N/A
Securities AFS:
U.S. states and political subdivisions	47			Matrix pricing	Indicative pricing	$80-$115 ($96)
MBS - private	202			Third party pricing	N/A
ABS	23			Third party pricing	N/A
Corporate and other debt securities	5			Cost	N/A
Other equity securities	672			Cost	N/A
Residential LHFS	6			Monte Carlo/Discounted cash flow	Option adjusted spread	175-625 bps (252 bps)
					Conditional prepayment rate	3-20 CPR (7 CPR)
					Conditional default rate	0-1 CDR (0.5 CDR)
LHFI	342			Monte Carlo/Discounted cash flow	Option adjusted spread	0-625 bps (255 bps)
					Conditional prepayment rate	1-30 CPR (15 CPR)
					Conditional default rate	0-12 CDR (3 CDR)
	18			Collateral based pricing	Appraised value	NM²
MSRs	1,025			Discounted cash flow	Conditional prepayment rate	6-26 CPR (14 CPR)
MSRs	1,025			Discounted cash flow	Discount rate	8-28% (11%)
Other assets/(liabilities), net³	99			Internal model	Pull through rate	10-98% (70%)
	99			Internal model	MSR value	10-243 bps (117 bps)
	(24		)	Internal model	Loan production volume	0-150% (92%)
	(7		)	Internal model	Revenue run rate	NM²

¹For certain assets and liabilities that the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available to the Company, and therefore, have been noted as "N/A."

²Not meaningful.

³Input assumptions relate to the Company's IRLCs and the contingent consideration obligations related to acquisitions. Refer to Note 11, "Reinsurance Arrangements and Guarantees," for additional information.



	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value December 31, 2012			Valuation Technique	Unobservable Input¹	Range (weighted average)
Trading assets:
CDO/CLO securities		$52		Matrix pricing	Indicative pricing based on overcollateralization ratio	$33-$45 ($40)
CDO/CLO securities		$52		Matrix pricing	Estimated collateral losses	34-45% (39%)
ABS	5			Matrix pricing	Indicative pricing	$45 ($45)
Corporate and other debt securities	1			Third party pricing	N/A
Securities AFS:
U.S. states and political subdivisions	46			Matrix pricing	Indicative pricing	$72-$115 ($92)
MBS - private	209			Third party pricing	N/A
ABS	21			Third party pricing	N/A
Corporate and other debt securities	5			Cost	N/A
Other equity securities	633			Cost	N/A
Residential LHFS	8			Monte Carlo/Discounted cash flow	Option adjusted spread	0-622 bps (251 bps)
					Conditional prepayment rate	5-30 CPR (15 CPR)
					Conditional default rate	0-20 CDR (3.5 CDR)
LHFI	369			Monte Carlo/Discounted cash flow	Option adjusted spread	0-622 bps (251 bps)
					Conditional prepayment rate	5-30 CPR (15 CPR)
					Conditional default rate	0-20 CDR (3.5 CDR)
	10			Collateral based pricing	Appraised value	NM²
MSRs	899			Discounted cash flow	Conditional prepayment rate	6-31 CPR (16 CPR)
MSRs	899			Discounted cash flow	Discount rate	9-28% (11%)
Other assets/(liabilities), net³	132			Internal model	Pull through rate	9-98% (71%)
	132			Internal model	MSR value	6-244 bps (104 bps)
	(24		)	Internal model	Loan production volume	0-150% (92%)
	(7		)	Internal model	Revenue run rate	NM²

²Not meaningful.

Reconciliation of the Beginning and Ending Balances for Fair Valued Assets and Liabilities Measured on a Recurring Basis Using Significant Unobservable Inputs



	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning balance January 1, 2013		Included in earnings				OCI		Purchases		Sales			Settlements			Transfers to/from other balance sheet line items			Transfers into Level 3		Transfers out of Level 3			Fair value March 31, 2013		Included in earnings (held at March 31, 2013) ¹
Trading assets:
CDO/CLO securities		$52		$9				$—		$—		$—			$—			$—			$—		$—			$61		$9
ABS	5		—				—		—		—			—			—			—		—			5		—
Corporate and other debt securities	1		—				—		—		—			—			—			—		—			1		—
Total trading assets	58		9			²	—		—		—			—			—			—		—			67		9			²
Securities AFS:
U.S. states and political subdivisions	46		—				2		—		(1		)	—			—			—		—			47		—
MBS - private	209		—				2		—		—			(9		)	—			—		—			202		—
ABS	21		(1		)		3		—		—			—			—			—		—			23		(1		)
Corporate and other debt securities	5		—				—		—		—			—			—			—		—			5		—
Other equity securities	633		—				—		45		—			(6		)	—			—		—			672		—
Total securities AFS	914		(1		)	³	7		45		(1		)	(15		)	—			—		—			949		(1		)	³

Residential LHFS	8		—				—		—		(10		)	—			(2		)	11		(1		)	6		—
LHFI	379		(5		)	⁴	—		—		—			(16		)	2			—		—			360		(4		)	⁴
Other assets/(liabilities), net	101		102			⁵	—		—		—			—			(135		)	—		—			68		—

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at March 31, 2013.

²Amounts included in earnings are recognized in trading income.

³ Amounts included in earnings are recognized in net securities gains.

⁴ Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in trading income.

⁵ Amounts included in earnings are net of issuances, fair value changes, and expirations and are recognized in mortgage production related income.



	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning balance January 1, 2012			Included in earnings				OCI				Purchases		Sales		Settlements			Transfers to/from other balance sheet line items			Transfers into Level 3		Transfers out of Level 3			Fair value March 31, 2012			Included in earnings (held at March 31, 2012) ¹
Assets
Trading assets:
CDO/CLO securities		$43			$—				$—				$—		$—		$—			$—			$—		$—			$43			$—
ABS	5			—				—				—		—		—			—			—		—			5			—
Corporate and other debt securities	1			—				—				—		—		—			—			—		—			1			—
Total trading assets	49			—				—				—		—		—			—			—		—			49			—
Securities AFS:
U.S. states and political subdivisions	58			—				(1		)		—		—		—			—			—		—			57			—
MBS - private	221			(2		)		9				—		—		(12		)	—			—		—			216			(2		)
ABS	16			—				1				—		—		—			—			—		—			17			—
Corporate and other debt securities	5			—				—				—		—		—			—			—		—			5			—
Other equity securities	741			—				—				90		—		—			—			—		—			831			—
Total securities AFS	1,041			(2		)	²	9				90		—		(12		)	—			—		—			1,126			(2		)	²

Residential LHFS	1			—				—				—		—		—			4			3		(4		)	4			(2		)	³
LHFI	433			(4		)	⁴	—				—		—		(12		)	(6		)	2		—			413			(2		)	⁴
Other assets/(liabilities), net	62			179			³	—				—		—		22			(172		)	—		—			91			—
Liabilities
Derivative contracts	(189		)	1			⁵	(58		)	⁶	—		—		—			—			—		—			(246		)	1			⁵

¹ Change in unrealized gains/(losses) included in earnings for the period related to financial assets still held at March 31, 2012.

²Amounts included in earnings are generally recognized in net securities gains; however, any related hedge ineffectiveness is recognized in trading income.

³Amounts included in earnings are net of issuances, fair value changes, and expirations and are recognized in mortgage production related income.

⁴ Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in trading income.

⁵ Amounts included in earnings are recognized in trading income.

⁶ Amount recognized in OCI is the effective portion of the cash flow hedges related to the Company’s probable forecasted sale of its shares of Coke common stock as discussed in Note 16, “Derivative Financial Instruments,” to the Consolidated Financial Statements in the 2012 Annual Report on Form 10-K.

Change in Carrying Value of Assets Measured at Fair Value on a Non-Recurring Basis



(Dollars in millions)	March 31, 2013		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Losses for the Three Months Ended March 31, 2013
LHFS		$68		$—		$68		$—		$—
LHFI	5		—		—		5		—
OREO	224		—		214		10		(12		)
Other Assets	32		—		32		—		(4		)

(Dollars in millions)	December 31, 2012		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Losses for the Year Ended December 31, 2012
LHFS		$65		$—		$65		$—		$—
LHFI	308		—		—		308		(79		)
OREO	264		—		205		59		(48		)
Affordable Housing	82		—		—		82		(96		)
Other Assets	65		—		42		23		(13		)

Carrying Amounts and Fair Values of the Company's Financial Instruments



	March 31, 2013				Fair Value Measurement Using
(Dollars in millions)	Carrying Amount		Fair Value		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents		$5,962		$5,962		$5,962		$—		$—	(a)
Trading assets	6,250		6,250		357		5,826		67		(b)
Securities AFS	23,823		23,823		918		21,956		949		(b)
LHFS	3,193		3,200		—		3,114		86		(c)
LHFI, net	118,652		114,587		—		3,590		110,997		(d)
Financial liabilities:
Consumer and commercial deposits		$127,735		$127,861		$—		$127,861		$—	(e)
Brokered time deposits	2,080		2,100		—		2,100		—		(f)
Foreign deposits	100		100		—		100		—		(f)
Short-term borrowings	6,628		6,628		—		6,628		—		(f)
Long-term debt	9,331		9,434		—		8,881		553		(f)
Trading liabilities	1,348		1,348		561		787		—		(b)



	December 31, 2012				Fair Value Measurement Using
(Dollars in millions)	Carrying Amount		Fair Value		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents		$8,257		$8,257		$8,257		$—		$—	(a)
Trading assets	6,049		6,049		394		5,597		58		(b)
Securities AFS	21,953		21,953		291		20,748		914		(b)
LHFS	3,399		3,399		—		3,375		24		(c)
LHFI, net	119,296		115,690		—		4,041		111,649		(d)
Financial liabilities:
Consumer and commercial deposits		$130,180		$130,449		$—		$130,449		$—	(e)
Brokered time deposits	2,136		2,164		—		2,164		—		(f)
Short-term borrowings	5,494		5,494		—		5,494		—		(f)
Long-term debt	9,357		9,413		—		8,829		584		(f)
Trading liabilities	1,161		1,161		591		570		—		(b)

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:


(a)	Cash and cash equivalents are valued at their carrying amounts reported in the balance sheet, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.


(b)	Securities AFS, trading assets, and trading liabilities that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

(c)

LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, on quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion of the LHFS carried at fair value. In instances for which significant valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally-developed and considers risk premiums that a market participant would require under then-current market conditions.

(d)

LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid, or for certain loan types, nonexistent, requires significant judgment. Therefore, the estimated fair value can vary significantly depending on a market participant’s ultimate considerations and assumptions. The final value yields a market participant’s expected return on investment that is indicative of the current market conditions, but it does not take into consideration the Company’s estimated value from continuing to hold these loans or its lack of willingness to transact at these estimated values.

The Company generally estimated fair value for LHFI based on estimated future cash flows discounted, initially, at current origination rates for loans with similar terms and credit quality, which derived an estimated value of 100% and 101% on the loan portfolio’s net carrying value at March 31, 2013 and December 31, 2012, respectively. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was subtracted from the initial value at March 31, 2013 and December 31, 2012, respectively. The discounted value is a function of a market participant’s required yield in the current environment and is not a reflection of the expected cumulative losses on the loans. Loan prepayments are used to adjust future cash flows based on historical experience and prepayment model forecasts. The value of related accrued interest on loans approximates fair value; however, it is not included in the carrying amount or fair value of loans. The value of long-term customer relationships is not permitted under current U.S. GAAP to be included in the estimated fair value.

(e)

Deposit liabilities with no defined maturity such as DDAs, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow measurement that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values.

(f)

Fair values for foreign deposits, certain brokered time deposits, short-term borrowings, and certain long-term debt are based on quoted market prices for similar instruments or estimated using discounted cash flow analysis and the Company’s current incremental borrowing rates for similar types of instruments. For brokered time deposits and long-term debt that the Company carries at fair value, refer to the respective valuation sections within this footnote. For level 3 debt, the terms are unique in nature or there are otherwise no similar instruments than can be used to value the instrument without using significant unobservable assumptions. In this situation, we look at current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.

Netting of Financial Instruments [Table Text Block]



	March 31, 2013
(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,154		$—		$1,154	¹		$1,147		$7
Derivatives:
Derivatives subject to master netting arrangement or similar arrangement	7,015		5,389		1,626			94		1,532
Derivatives not subject to master netting arrangement or similar arrangement	100		—		100			—		100
Exchange traded/cleared derivatives	453		348		105			—		105
Total derivative assets	7,568		5,737		1,831		²	94		1,737
Total financial assets		$8,722		$5,737		$2,985			$1,241		$1,744
Financial liabilities:
Securities sold under agreements to repurchase		$1,854		$—		$1,854	¹		$1,854		$—
Derivatives:
Derivatives subject to master netting arrangement or similar arrangement	6,263		5,888		375			30		345
Derivatives not subject to master netting arrangement or similar arrangement	184		—		184			—		184
Exchange traded/cleared derivatives	348		348		—			—		—
Total derivative liabilities	6,795		6,236		559		³	30		529
Total financial liabilities		$8,649		$6,236		$2,413			$1,884		$529

¹None of the Company's repurchase and reverse repurchase transactions met the right of setoff criteria at March 31, 2013.

² At March 31, 2013, $1.7 billion, net of $775 million offsetting collateral, is recognized in trading assets and $120 million is recognized in other assets within the Company's Consolidated Balance Sheets.

³ At March 31, 2013, $531 million, net of $1.3 billion offsetting collateral, is recognized in trading liabilities and $28 million is recognized in other liabilities within the Company's Consolidated Balance Sheets.



	December 31, 2012
(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,072		$—		$1,072	^1,2		$1,069		$3
Derivatives:
Derivatives subject to master netting arrangement or similar arrangement	8,041		6,273		1,768			94		1,674
Derivatives not subject to master netting arrangement or similar arrangement	132		—		132			—		132
Exchange traded/cleared derivatives	483		300		183			—		183
Total derivative assets	8,656		6,573		2,083		³	94		1,989
Total financial assets		$9,728		$6,573		$3,155			$1,163		$1,992
Financial liabilities:
Securities sold under agreements to repurchase		$1,574		$—		$1,574	¹		$1,574		$—
Derivatives:
Derivatives subject to master netting arrangement or similar arrangement	7,051		6,802		249			37		212
Derivatives not subject to master netting arrangement or similar arrangement	163		—		163			—		163
Exchange traded/cleared derivatives	300		300		—			—		—
Total derivative liabilities	7,514		7,102		412		⁴	37		375
Total financial liabilities		$9,088		$7,102		$1,986			$1,611		$375

¹None of the Company's repurchase and reverse repurchase transactions met the right of setoff criteria at December 31, 2012.

²Excludes $29 million of Fed funds sold which are not subject to a master netting agreement at December 31, 2012.

³ At December 31, 2012, $1.9 billion, net of $730 million offsetting collateral, is recognized in trading assets and $178 million is recognized in other assets within the Company's Consolidated Balance Sheets.

⁴ At December 31, 2012, $397 million, net of $1.3 billion offsetting collateral, is recognized in trading liabilities and $15 million is recognized in other liabilities within the Company's Consolidated Balance Sheets.

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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