Trading Assets and Liabilities and Derivatives(Tables)

12 Months Ended

Dec. 31, 2014

Trading Assets and Liabilities and Derivatives [Abstract]

Trading Securities (and Certain Trading Assets) [Table Text Block]

(Dollars in millions)	2014		2013
Trading Assets and Derivatives:
U.S. Treasury securities		$267		$219
Federal agency securities	547		426
U.S. states and political subdivisions	42		65
MBS - agency	545		323
CDO/CLO securities	3		57
ABS	—		6
Corporate and other debt securities	509		534
CP	327		29
Equity securities	45		109
Derivatives 1	1,307		1,384
Trading loans 2	2,610		1,888
Total trading assets and derivatives		$6,202		$5,040
Trading Liabilities and Derivatives:
U.S. Treasury securities		$485		$472
MBS - agency	1		—
Corporate and other debt securities	279		179
Equity securities	—		5
Derivatives 1	462		525
Total trading liabilities and derivatives		$1,227		$1,181

¹ Amounts include the impact of offsetting cash collateral received from and paid to the same derivative counterparties and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.

² Includes loans related to TRS.

Trading Assets and Liabilities and Derivatives [Text Block]

NOTE 4 - TRADING ASSETS AND LIABILITIES AND DERIVATIVES

The fair values of the components of trading assets and liabilities and derivatives at December 31 were as follows:

(Dollars in millions)	2014		2013
Trading Assets and Derivatives:
U.S. Treasury securities		$267		$219
Federal agency securities	547		426
U.S. states and political subdivisions	42		65
MBS - agency	545		323
CDO/CLO securities	3		57
ABS	—		6
Corporate and other debt securities	509		534
CP	327		29
Equity securities	45		109
Derivatives 1	1,307		1,384
Trading loans 2	2,610		1,888
Total trading assets and derivatives		$6,202		$5,040
Trading Liabilities and Derivatives:
U.S. Treasury securities		$485		$472
MBS - agency	1		—
Corporate and other debt securities	279		179
Equity securities	—		5
Derivatives 1	462		525
Total trading liabilities and derivatives		$1,227		$1,181

¹ Amounts include the impact of offsetting cash collateral received from and paid to the same derivative counterparties and the impact of netting derivative assets and derivative liabilities when a legally enforceable master netting agreement or similar agreement exists.

² Includes loans related to TRS.

Various trading products and derivative instruments are used as part of the Company’s overall balance sheet management strategies and to support client requirements executed through the Bank and/or its broker/dealer subsidiary. The Company manages the potential market volatility associated with the trading instruments that are utilized for balance sheet management with appropriate risk management strategies. The size, volume, and nature of the trading products and derivative instruments can vary based on economic, client specific, and Company specific asset or liability conditions. Product offerings to clients include debt securities, loans traded in the secondary market, equity securities, derivative and foreign exchange contracts, and similar financial instruments. Other trading-related activities include acting as a market maker in certain debt and equity securities and related derivatives. The Company also uses end user derivatives to manage interest rate and market risk from non-trading activities. The Company has policies and procedures to manage market risk associated with client trading activities as well as non-trading activities and assumes a limited degree of market risk by managing the size and nature of its exposure. The Company has pledged $1.1 billion and $731 million of trading securities to secure $1.1 billion and $717 million of repurchase agreements at December 31, 2014 and 2013, respectively. Additionally, the Company has pledged $202 million and $97 million of trading securities to secure certain derivative agreements at December 31, 2014 and 2013, respectively.