Loans (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Composition of Loan Portfolio

(Dollars in millions)	March 31, 2014		December 31, 2013
Commercial loans:
C&I		$58,828		$57,974
CRE	5,961		5,481
Commercial construction	920		855
Total commercial loans	65,709		64,310
Residential loans:
Residential mortgages - guaranteed	3,295		3,416
Residential mortgages - nonguaranteed 1	24,331		24,412
Home equity products	14,637		14,809
Residential construction	532		553
Total residential loans	42,795		43,190
Consumer loans:
Guaranteed student loans	5,533		5,545
Other direct	3,109		2,829
Indirect	11,339		11,272
Credit cards	711		731
Total consumer loans	20,692		20,377
LHFI		$129,196		$127,877
LHFS		$1,488		$1,699

¹ Includes $299 million and $302 million of loans carried at fair value at March 31, 2014 and December 31, 2013, respectively.

LHFI by Credit Quality Indicator

	Commercial Loans
	C&I				CRE				Commercial construction
(Dollars in millions)	March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013
Credit rating:
Pass		$57,182		$56,443		$5,742		$5,245		$879		$798
Criticized accruing	1,469		1,335		178		197		30		45
Criticized nonaccruing	177		196		41		39		11		12
Total		$58,828		$57,974		$5,961		$5,481		$920		$855

	Residential Loans 1
	Residential mortgages - nonguaranteed				Home equity products				Residential construction
(Dollars in millions)	March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013
Current FICO score range:
700 and above		$18,983		$19,100		$11,537		$11,661		$413		$423
620 - 699	3,740		3,652		2,159		2,186		82		90
Below 620 2	1,608		1,660		941		962		37		40
Total		$24,331		$24,412		$14,637		$14,809		$532		$553

	Consumer Loans 3
	Other direct				Indirect				Credit cards
(Dollars in millions)	March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013
Current FICO score range:
700 and above		$2,648		$2,370		$8,390		$8,420		$489		$512
620 - 699	401		397		2,286		2,228		178		176
Below 620 2	60		62		663		624		44		43
Total		$3,109		$2,829		$11,339		$11,272		$711		$731

¹ Excludes $3.3 billion and $3.4 billion at March 31, 2014 and December 31, 2013, respectively, of guaranteed residential loans. At March 31, 2014 and December 31, 2013, the majority of these loans had FICO scores of 700 and above.

² For 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.

³ Excludes $5.5 billion of guaranteed student loans at March 31, 2014 and December 31, 2013

Payment Status for the LHFI Portfolio

	March 31, 2014
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$58,576		$56		$19		$177		$58,828
CRE	5,914		6		—		41		5,961
Commercial construction	907		2		—		11		920
Total commercial loans	65,397		64		19		229		65,709
Residential loans:
Residential mortgages - guaranteed	2,731		38		526		—		3,295
Residential mortgages - nonguaranteed1	23,770		121		14		426		24,331
Home equity products	14,323		107		—		207		14,637
Residential construction	472		9		—		51		532
Total residential loans	41,296		275		540		684		42,795
Consumer loans:
Guaranteed student loans	4,520		444		569		—		5,533
Other direct	3,086		15		2		6		3,109
Indirect	11,268		64		1		6		11,339
Credit cards	699		6		6		—		711
Total consumer loans	19,573		529		578		12		20,692
Total LHFI		$126,266		$868		$1,137		$925		$129,196

¹ Includes $299 million of loans carried at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $635 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, 2013
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$57,713		$47		$18		$196		$57,974
CRE	5,430		5		7		39		5,481
Commercial construction	842		1		—		12		855
Total commercial loans	63,985		53		25		247		64,310
Residential loans:
Residential mortgages - guaranteed	2,787		58		571		—		3,416
Residential mortgages - nonguaranteed1	23,808		150		13		441		24,412
Home equity products	14,480		119		—		210		14,809
Residential construction	488		4		—		61		553
Total residential loans	41,563		331		584		712		43,190
Consumer loans:
Guaranteed student loans	4,475		461		609		—		5,545
Other direct	2,803		18		3		5		2,829
Indirect	11,189		75		1		7		11,272
Credit cards	718		7		6		—		731
Total consumer loans	19,185		561		619		12		20,377
Total LHFI		$124,733		$945		$1,228		$971		$127,877

¹ Includes $302 million of loans carried at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $653 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.

LHFI Considered Impaired

	March 31, 2014						December 31, 2013
(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		$65		$52		$—		$81		$56		$—
CRE	12		11		—		61		60		—
Commercial construction	6		3		—		—		—		—
Total commercial loans	83		66		—		142		116		—
Impaired loans with an allowance recorded:
Commercial loans:
C&I	64		59		14		51		49		10
CRE	18		12		1		8		3		—
Commercial construction	6		4		—		6		3		—
Total commercial loans	88		75		15		65		55		10
Residential loans:
Residential mortgages - nonguaranteed	2,328		2,031		242		2,357		2,051		226
Home equity products	706		631		92		710		638		96
Residential construction	225		181		23		241		189		23
Total residential loans	3,259		2,843		357		3,308		2,878		345
Consumer loans:
Other direct	14		14		1		14		14		—
Indirect	91		91		5		83		83		5
Credit cards	11		11		2		13		13		3
Total consumer loans	116		116		8		110		110		8
Total impaired loans		$3,546		$3,100		$380		$3,625		$3,159		$363

¹ Amortized 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 $2.7 billion of accruing TDRs at amortized cost, at both March 31, 2014 and December 31, 2013, of which 96% were current. See Note 1, “Significant Accounting Policies,” to the Company's 2013 Annual Report on Form 10-K for further information regarding the Company’s loan impairment policy.

	Three Months Ended March 31
	2014				2013
(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		$52		$1		$49		$—
CRE	11		—		9		—
Commercial construction	5		—		45		1
Total commercial loans	68		1		103		1
Impaired loans with an allowance recorded:
Commercial loans:
C&I	63		—		29		—
CRE	12		—		10		—
Commercial construction	4		—		5		—
Total commercial loans	79		—		44		—
Residential loans:
Residential mortgages - nonguaranteed	2,031		25		2,020		22
Home equity products	637		7		629		5
Residential construction	182		2		206		2
Total residential loans	2,850		34		2,855		29
Consumer loans:
Other direct	14		—		15		—
Indirect	93		1		60		1
Credit cards	12		—		20		—
Total consumer loans	119		1		95		1
Total impaired loans		$3,116		$36		$3,097		$31

¹ Of the interest income recognized during the three months ended March 31, 2014, and 2013, cash basis interest income was $1 million and $4 million, respectively.

Nonperforming Assets

(Dollars in millions)	March 31, 2014		December 31, 2013
Nonaccrual/NPLs:
Commercial loans:
C&I		$177		$196
CRE	41		39
Commercial construction	11		12
Residential loans:
Residential mortgages - nonguaranteed	426		441
Home equity products	207		210
Residential construction	51		61
Consumer loans:
Other direct	6		5
Indirect	6		7
Total nonaccrual/NPLs1	925		971
OREO2	151		170
Other repossessed assets	7		7
Nonperforming LHFS	12		17
Total NPAs		$1,095		$1,165

¹ Nonaccruing restructured loans are included in total nonaccrual/NPLs.

² Does 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 in the Consolidated Balance Sheets until the funds are received and the property is conveyed. The receivable amount related to proceeds due from the FHA or the VA totaled $81 million and $88 million at March 31, 2014 and December 31, 2013, respectively.

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Three Months Ended March 31, 20141
(Dollars in millions)	Number of Loans Modified	Rate  Modification 2		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	16		$—		$2		$2
CRE	2	—		3		3
Residential loans:
Residential mortgages - nonguaranteed	313	43		18		61
Home equity products	433	3		18		21
Residential construction	6	—		—		—
Consumer loans:
Other direct	17	—		—		—
Indirect	839	—		16		16
Credit cards	97	1		—		1
Total TDRs	1,723		$47		$57		$104

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

² Restructured 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, 2014.

	Three Months Ended March 31, 20131
(Dollars in millions)	Number of Loans Modified	Rate  Modification 2		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	67		$2		$35		$37
CRE	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

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

² Restructured 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.

TroubledDebtRestructuingDefault [Table Text Block]

For the three months ended March 31, 2014, the table below represents defaults on loans that were first modified between the periods January 1, 2013 and March 31, 2014 that became 90 days or more delinquent or were charged-off during the period.

	Three Months Ended March 31, 2014
(Dollars in millions)	Number of Loans	Amortized Cost
Commercial loans:
C&I	25		$1
CRE	—	—
Commercial construction	—	—
Residential loans:
Residential mortgages	49	4
Home equity products	23	1
Residential construction	4	—
Consumer loans:
Other direct	5	—
Indirect	43	1
Credit cards	20	—
Total TDRs	169		$7

For the three months ended March 31, 2013, the table below represents defaults on loans that were first modified between the periods January 1, 2012 and March 31, 2013 that became 90 days or more delinquent or were charged-off during the period.

	Three Months Ended March 31, 2013
(Dollars in millions)	Number of Loans	Amortized Cost
Commercial loans:
C&I	23		$—
CRE	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