Trading Assets and Liabilities and Derivatives(Tables)

3 Months Ended

Mar. 31, 2015

Trading Assets and Liabilities and Derivatives [Abstract]

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

(Dollars in millions)	March 31, 2015		December 31, 2014
Trading Assets and Derivative Instruments:
U.S. Treasury securities		$451		$267
Federal agency securities	327		547
U.S. states and political subdivisions	100		42
MBS - agency	575		545
CLO securities	3		3
Corporate and other debt securities	646		509
CP	239		327
Equity securities	46		45
Derivative instruments 1	1,475		1,307
Trading loans 2	2,733		2,610
Total trading assets and derivative instruments		$6,595		$6,202
Trading Liabilities and Derivative Instruments:
U.S. Treasury securities		$614		$485
Federal agency securities	2		—
MBS - agency	3		1
Corporate and other debt securities	288		279
Derivative instruments 1	552		462
Total trading liabilities and derivative instruments		$1,459		$1,227

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 3 - TRADING ASSETS AND LIABILITIES AND DERIVATIVES

The fair values of the components of trading assets and liabilities and derivative instruments were as follows:

(Dollars in millions)	March 31, 2015		December 31, 2014
Trading Assets and Derivative Instruments:
U.S. Treasury securities		$451		$267
Federal agency securities	327		547
U.S. states and political subdivisions	100		42
MBS - agency	575		545
CLO securities	3		3
Corporate and other debt securities	646		509
CP	239		327
Equity securities	46		45
Derivative instruments 1	1,475		1,307
Trading loans 2	2,733		2,610
Total trading assets and derivative instruments		$6,595		$6,202
Trading Liabilities and Derivative Instruments:
U.S. Treasury securities		$614		$485
Federal agency securities	2		—
MBS - agency	3		1
Corporate and other debt securities	288		279
Derivative instruments 1	552		462
Total trading liabilities and derivative instruments		$1,459		$1,227

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 trading instruments with appropriate risk management strategies. The size, volume, and nature of the trading products and derivative instruments can vary based on economic conditions as well as client-specific and Company-specific asset or liability positions. Product offerings to clients include debt securities, loans traded in the secondary market, equity securities, derivative contracts, and similar financial instruments. Other trading-related activities include acting as a market maker in certain debt and equity securities and derivatives. The Company also uses derivatives to manage its 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 $978 million and $1.1 billion of trading securities to secure $935 million and $1.1 billion of repurchase agreements at March 31, 2015 and December 31, 2014, respectively. Additionally, the Company has pledged $234 million and $202 million of trading securities to secure certain derivative agreements at March 31, 2015 and December 31, 2014, respectively.