Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2014

Allowance for Credit Losses [Abstract]

Activity in the Allowance for Credit Losses

	Three Months Ended March 31
(Dollars in millions)	2014			2013
Balance at beginning of period		$2,094			$2,219
Provision for loan losses	106			204
(Benefit)/provision for unfunded commitments	(4		)	8
Loan charge-offs	(151		)	(273		)
Loan recoveries	41			47
Balance at end of period		$2,086			$2,205
Components:
ALLL		$2,040			$2,152
Unfunded commitments reserve1	46			53
Allowance for credit losses		$2,086			$2,205

¹ The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.

Activity in the ALLL by Segment

	Three Months Ended March 31, 2014
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$946			$930			$168			$2,044
Provision for loan losses	39			48			19			106
Loan charge-offs	(33		)	(85		)	(33		)	(151		)
Loan recoveries	14			17			10			41
Balance at end of period		$966			$910			$164			$2,040
	Three Months Ended March 31, 2013
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$902			$1,131			$141			$2,174
Provision for loan losses	64			112			28			204
Loan charge-offs	(60		)	(178		)	(35		)	(273		)
Loan recoveries	15			22			10			47
Balance at end of period		$921			$1,087			$144			$2,152

Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses

	March 31, 2014
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		Associated ALLL		Carrying Value		Associated ALLL		Carrying Value		Associated ALLL		Carrying Value		Associated ALLL
Individually evaluated		$141		$15		$2,843		$357		$116		$8		$3,100		$380
Collectively evaluated	65,568		951		39,653		553		20,576		156		125,797		1,660
Total evaluated	65,709		966		42,496		910		20,692		164		128,897		2,040
LHFI at fair value	—		—		299		—		—		—		299		—
Total LHFI		$65,709		$966		$42,795		$910		$20,692		$164		$129,196		$2,040
	December 31, 2013
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		Associated ALLL		Carrying Value		Associated ALLL		Carrying Value		Associated ALLL		Carrying Value		Associated ALLL
Individually evaluated		$171		$10		$2,878		$345		$110		$8		$3,159		$363
Collectively evaluated	64,139		936		40,010		585		20,267		160		124,416		1,681
Total evaluated	64,310		946		42,888		930		20,377		168		127,575		2,044
LHFI at fair value	—		—		302		—		—		—		302		—
Total LHFI		$64,310		$946		$43,190		$930		$20,377		$168		$127,877		$2,044