Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell (Tables)

6 Months Ended

Jun. 30, 2013

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell [Abstract]

Schedule of Resale Agreements [Table Text Block]

(Dollars in millions)	June 30, 2013		December 31, 2012
Federal funds		$69		$29
Securities borrowed	265		155
Resell agreements	777		917
Total federal funds sold and securities borrowed or purchased under agreements to resell		$1,111		$1,101

Securities purchased under agreements to resell are primarily collateralized by U.S. government or agency securities and are carried at the amounts at which securities will be subsequently resold. Securities borrowed are primarily collateralized by corporate securities. The Company takes possession of all securities under agreements to resell and securities borrowed and performs the appropriate margin evaluation on the acquisition date based on market volatility, as necessary. It is the Company's policy to obtain possession of collateral with a fair value between 95% to 110% of the principal amount loaned under resale and securities borrowing agreements. The total market value of the collateral held was $1.0 billion and $1.1 billion at June 30, 2013 and December 31, 2012, of which $254 million and $246 million was repledged, respectively. The Company has also pledged $926 million and $727 million of trading assets to secure $934 million and $703 million of repurchase agreements at June 30, 2013 and December 31, 2012, respectively.

Netting of Financial Instruments - Repurchase Agreements [Table Text Block]

(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
June 30, 2013
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,042		$—		$1,042	1, 2		$1,033		$9
Financial liabilities:
Securities sold under agreements to repurchase	1,869		—		1,869		1	1,869		—
December 31, 2012
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,072		$—		$1,072	1,2		$1,069		$3
Financial liabilities:
Securities sold under agreements to repurchase	1,574		—		1,574		1	1,574		—

¹ None of the Company's repurchase and reverse repurchase transactions met the right of setoff criteria at June 30, 2013 and December 31, 2012.

² Excludes $69 million and $29 million of Fed funds sold which are not subject to a master netting agreement at June 30, 2013 and December 31, 2012, respectively.