Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2014

Allowance for Credit Losses [Abstract]

Activity in the Allowance for Credit Losses

	Three Months Ended September 30						Nine Months Ended September 30
(Dollars in millions)	2014			2013			2014			2013
Balance at beginning of period		$2,046			$2,172			$2,094			$2,219
Provision for loan losses	93			92			275			448
(Benefit)/provision for unfunded commitments	—			3			(7		)	5
Loan charge-offs	(164		)	(189		)	(473		)	(695		)
Loan recoveries	36			43			122			144
Balance at end of period		$2,011			$2,121			$2,011			$2,121
Components:
ALLL								$1,968			$2,071
Unfunded commitments reserve1							43			50
Allowance for credit losses								$2,011			$2,121

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

Activity in the ALLL by Segment

	Three Months Ended September 30, 2014
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$958			$875			$170			$2,003
Provision for loan losses	25			34			34			93
Loan charge-offs	(26		)	(104		)	(34		)	(164		)
Loan recoveries	14			12			10			36
Balance at end of period		$971			$817			$180			$1,968
	Three Months Ended September 30, 2013
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$919			$1,046			$160			$2,125
Provision for loan losses	77			(6		)	21			92
Loan charge-offs	(52		)	(109		)	(28		)	(189		)
Loan recoveries	13			21			9			43
Balance at end of period		$957			$952			$162			$2,071
	Nine Months Ended September 30, 2014
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$946			$930			$168			$2,044
Provision for loan losses	82			114			79			275
Loan charge-offs	(97		)	(279		)	(97		)	(473		)
Loan recoveries	40			52			30			122
Balance at end of period		$971			$817			$180			$1,968
	Nine Months Ended September 30, 2013
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance at beginning of period		$902			$1,131			$141			$2,174
Provision for loan losses	183			184			81			448
Loan charge-offs	(176		)	(430		)	(89		)	(695		)
Loan recoveries	48			67			29			144
Balance at end of period		$957			$952			$162			$2,071

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

	September 30, 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		$129		$8		$2,616		$313		$123		$7		$2,868		$328
Collectively evaluated	70,965		963		36,322		504		21,712		173		128,999		1,640
Total evaluated	71,094		971		38,938		817		21,835		180		131,867		1,968
LHFI at fair value	—		—		284		—		—		—		284		—
Total LHFI		$71,094		$971		$39,222		$817		$21,835		$180		$132,151		$1,968

	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