10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2017

Commission file number 001-08918

SunTrust Banks, Inc.

(Exact name of registrant as specified in its charter)

Georgia	58-1575035
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

303 Peachtree Street, N.E., Atlanta, Georgia 30308

(Address of principal executive offices) (Zip Code)

(800) 786-8787

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    

Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    

Yes  þ    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer    þAccelerated filer        ¨

Non-accelerated filer        ¨   (Do not check if a smaller reporting company)                 

Smaller reporting company    ¨

Emerging growth company    ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).        Yes  ¨    No  þ

At April 28, 2017, 483,476,213 shares of the registrant’s common stock, $1.00 par value, were outstanding.

TABLE OF CONTENTS

		Page
GLOSSARY OF DEFINED TERMS		i
PART I - FINANCIAL INFORMATION		1
Item 1.	Financial Statements (Unaudited)	2
	Consolidated Statements of Income	2
	Consolidated Statements of Comprehensive Income	3
	Consolidated Balance Sheets	4
	Consolidated Statements of Shareholders’ Equity	5
	Consolidated Statements of Cash Flows	6
	Notes to Consolidated Financial Statements (Unaudited)	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operation	64
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	96
Item 4.	Controls and Procedures	96
PART II - OTHER INFORMATION		97
Item 1.	Legal Proceedings	97
Item 1A.	Risk Factors	97
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	97
Item 3.	Defaults Upon Senior Securities	98
Item 4.	Mine Safety Disclosures	98
Item 5.	Other Information	98
Item 6.	Exhibits	98
SIGNATURE		99

GLOSSARY OF DEFINED TERMS

ABS — Asset-backed securities.

ACH — Automated clearing house.

AFS — Available for sale.

AIP — Annual Incentive Plan.

ALCO— Asset/Liability Committee.

ALM — Asset/Liability Management.

ALLL — Allowance for loan and lease losses.

AOCI — Accumulated other comprehensive income.

APIC — Additional paid-in capital.

ASC — Accounting Standards Codification.

ASU— Accounting Standards Update.

ATE— Additional termination event.

ATM — Automated teller machine.

Bank — SunTrust Bank.

Basel III — the Third Basel Accord, a comprehensive set of reform measures developed by the BCBS.

BCBS — Basel Committee on Banking Supervision.

BHC— Bank holding company.

Board — The Company’s Board of Directors.

BPC— Business Practices Committee.

bps— Basis points.

BRC— Board Risk Committee.

CCAR— Comprehensive Capital Analysis and Review.

CCB — Capital conservation buffer.

CD— Certificate of deposit.

CDR — Conditional default rate.

CDS — Credit default swaps.

CECL — Current expected credit loss.

CEO — Chief Executive Officer.

CET1 — Common Equity Tier 1 Capital.

CFO — Chief Financial Officer.

CIB — Corporate and investment banking.

C&I — Commercial and industrial.

Class A shares — Visa Inc. Class A common stock.

Class B shares — Visa Inc. Class B common stock.

CLO— Collateralized loan obligation.

CME — Chicago Mercantile Exchange.

Company — SunTrust Banks, Inc.

CP— Commercial paper.

CPR — Conditional prepayment rate.

CRE — Commercial real estate.

CSA — Credit support annex.

CVA — Credit valuation adjustment.

DDA — Demand deposit account.

DOJ— Department of Justice.

DTA— Deferred tax asset.

DVA — Debit valuation adjustment.

EPS — Earnings per share.

ER — Enterprise Risk.

ERISA — Employee Retirement Income Security Act of 1974.

Exchange Act — Securities Exchange Act of 1934.

Fannie Mae — Federal National Mortgage Association.

Freddie Mac — Federal Home Loan Mortgage Corporation.

FDIC— Federal Deposit Insurance Corporation.

Federal Reserve — Federal Reserve System.

Fed funds — Federal funds.

FHA — Federal Housing Administration.

FHLB — Federal Home Loan Bank.

FICO — Fair Isaac Corporation.

Fitch — Fitch Ratings Ltd.

FRB — Federal Reserve Board.

FTE — Fully taxable-equivalent.

FVO — Fair value option.

GenSpring — GenSpring Family Offices, LLC.

Ginnie Mae — Government National Mortgage Association.

GSE — Government-sponsored enterprise.

HAMP — Home Affordable Modification Program.

HUD — U.S. Department of Housing and Urban Development.

IPO — Initial public offering.

IRLC — Interest rate lock commitment.

ISDA — International Swaps and Derivatives Association.

LCR— Liquidity coverage ratio.

LGD — Loss given default.

LHFI — Loans held for investment.

LHFS — Loans held for sale.

LIBOR — London InterBank Offered Rate.

LOCOM — Lower of cost or market.

LTI— Long-term incentive.

LTV— Loan to value.

MasterCard — MasterCard International.

MBS — Mortgage-backed securities.

MD&A — Management’s Discussion and Analysis of Financial Condition and Results of Operation.

Moody’s — Moody’s Investors Service.

MRA—Master Repurchase Agreement.

MRM—Market Risk Management.

MRMG — Model Risk Management Group.

MSR — Mortgage servicing right.

MVE — Market value of equity.

NOW — Negotiable order of withdrawal account.

NPA — Nonperforming asset.

NPL — Nonperforming loan.

NSFR— Net stable funding ratio.

OCI — Other comprehensive income.

OREO — Other real estate owned.

OTC — Over-the-counter.

OTTI — Other-than-temporary impairment.

Parent Company — SunTrust Banks, Inc. (the parent Company of SunTrust Bank and other subsidiaries).

PD — Probability of default.

Pillar — Pillar Financial, LLC.

PWM — Private Wealth Management.

REIT— Real estate investment trust.

ROA— Return on average total assets.

ROE — Return on average common shareholders’ equity.

ROTCE— Return on average tangible common shareholders' equity.

RSU — Restricted stock unit.

RWA— Risk-weighted assets.

S&P — Standard and Poor’s.

SBA — Small Business Administration.

SEC — U.S. Securities and Exchange Commission.

STCC— SunTrust Community Capital, LLC.

STIS — SunTrust Investment Services, Inc.

i

STM — SunTrust Mortgage, Inc.

STRH — SunTrust Robinson Humphrey, Inc.

SunTrust — SunTrust Banks, Inc.

TDR — Troubled debt restructuring.

TRS — Total return swaps.

U.S. — United States.

U.S. GAAP — Generally Accepted Accounting Principles in the United States.

U.S. Treasury — The United States Department of the Treasury.

UPB— Unpaid principal balance.

VA —Veterans Administration.

VAR —Value at risk.

VI — Variable interest.

VIE — Variable interest entity.

Visa — The Visa, U.S.A. Inc. card association or its affiliates, collectively.

Visa Counterparty — A financial institution that purchased the Company's Visa Class B shares.

ii

PART I - FINANCIAL INFORMATION

The following unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and accordingly do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. However, in the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary to comply with Regulation S-X have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2017.

1

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

SunTrust Banks, Inc.

Consolidated Statements of Income

	Three Months Ended March 31
(Dollars in millions and shares in thousands, except per share data) (Unaudited)	2017		2016
Interest Income
Interest and fees on loans		$1,289		$1,203
Interest and fees on loans held for sale	24		19
Interest and dividends on securities available for sale	187		163
Trading account interest and other	28		26
Total interest income	1,528		1,411
Interest Expense
Interest on deposits	80		59
Interest on long-term debt	70		59
Interest on other borrowings	12		11
Total interest expense	162		129
Net interest income	1,366		1,282
Provision for credit losses	119		101
Net interest income after provision for credit losses	1,247		1,181
Noninterest Income
Investment banking income	167		98
Trading income	51		55
Service charges on deposit accounts	148		153
Other charges and fees	95		93
Card fees	82		78
Trust and investment management income	75		75
Retail investment services	68		69
Mortgage servicing related income	58		62
Mortgage production related income	53		60
Commercial real estate related income 1	20		17
Net securities gains/(losses)	—		—
Other noninterest income 1	30		21
Total noninterest income	847		781
Noninterest Expense
Employee compensation	717		639
Employee benefits	135		135
Outside processing and software	205		198
Net occupancy expense	92		85
Regulatory assessments	48		36
Marketing and customer development	42		44
Equipment expense	39		40
Operating losses	32		24
Amortization	13		10
Other noninterest expense	142		107
Total noninterest expense	1,465		1,318
Income before provision for income taxes	629		644
Provision for income taxes	159		195
Net income including income attributable to noncontrolling interest	470		449
Net income attributable to noncontrolling interest	2		2
Net income		$468		$447
Net income available to common shareholders		$451		$430
Net income per average common share:
Diluted		$0.91		$0.84
Basic	0.92		0.85
Dividends declared per common share	0.26		0.24
Average common shares - diluted	496,002		509,931
Average common shares - basic	490,091		505,482

¹Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar, STCC, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.

See accompanying Notes to Consolidated Financial Statements (unaudited).

2

SunTrust Banks, Inc.

Consolidated Statements of Comprehensive Income

	Three Months Ended March 31
(Dollars in millions) (Unaudited)	2017			2016
Net income		$468			$447
Components of other comprehensive (loss)/income:
Change in net unrealized gains on securities available for sale, net of tax of $1 and $165, respectively	2			279
Change in net unrealized (losses)/gains on derivative instruments, net of tax of ($24) and $89, respectively	(42		)	150
Change in credit risk adjustment on long-term debt, net of tax of ($1) and ($1), respectively 1	(1		)	(2		)
Change related to employee benefit plans, net of tax of ($1) and $35, respectively	(5		)	59
Total other comprehensive (loss)/income, net of tax	(46		)	486
Total comprehensive income		$422			$933

¹ Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," and Note 18, "Accumulated Other Comprehensive (Loss)/Income," for additional information.

See accompanying Notes to Consolidated Financial Statements (unaudited).

3

SunTrust Banks, Inc.

Consolidated Balance Sheets

	March 31,			December 31,
(Dollars in millions and shares in thousands, except per share data)	2017			2016
Assets	(Unaudited)
Cash and due from banks		$6,957			$5,091
Federal funds sold and securities borrowed or purchased under agreements to resell	1,292			1,307
Interest-bearing deposits in other banks	25			25
Cash and cash equivalents	8,274			6,423
Trading assets and derivative instruments 1	6,007			6,067
Securities available for sale 2	31,127			30,672
Loans held for sale ($1,819 and $3,540 at fair value at March 31, 2017 and December 31, 2016, respectively)	2,109			4,169
Loans 3 ($221 and $222 at fair value at March 31, 2017 and December 31, 2016, respectively)	143,529			143,298
Allowance for loan and lease losses	(1,714		)	(1,709		)
Net loans	141,815			141,589
Premises and equipment, net	1,543			1,556
Goodwill	6,338			6,337
Other intangible assets (MSRs at fair value: $1,645 and $1,572 at March 31, 2017 and December 31, 2016, respectively)	1,729			1,657
Other assets	6,700			6,405
Total assets		$205,642			$204,875
Liabilities
Noninterest-bearing deposits		$43,437			$43,431
Interest-bearing deposits (CDs at fair value: $128 and $78 at March 31, 2017 and December 31, 2016, respectively)	119,416			116,967
Total deposits	162,853			160,398
Funds purchased	1,037			2,116
Securities sold under agreements to repurchase	1,704			1,633
Other short-term borrowings	1,955			1,015
Long-term debt 4 ($771 and $963 at fair value at March 31, 2017 and December 31, 2016, respectively)	10,496			11,748
Trading liabilities and derivative instruments	1,225			1,351
Other liabilities	2,888			2,996
Total liabilities	182,158			181,257
Shareholders’ Equity
Preferred stock, no par value	1,225			1,225
Common stock, $1.00 par value	550			550
Additional paid-in capital	8,966			9,010
Retained earnings	16,322			16,000
Treasury stock, at cost, and other 5	(2,712		)	(2,346		)
Accumulated other comprehensive loss, net of tax	(867		)	(821		)
Total shareholders’ equity	23,484			23,618
Total liabilities and shareholders’ equity		$205,642			$204,875
Common shares outstanding 6	485,712			491,188
Common shares authorized	750,000			750,000
Preferred shares outstanding	12			12
Preferred shares authorized	50,000			50,000
Treasury shares of common stock	64,301			58,738
1 Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral		$1,229			$1,437
2 Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral	100			—
3 Includes loans of consolidated VIEs	201			211
4 Includes debt of consolidated VIEs	214			222
5 Includes noncontrolling interest	101			103
6 Includes restricted shares	11			11

See accompanying Notes to Consolidated Financial Statements (unaudited).

4

SunTrust Banks, Inc.

Consolidated Statements of Shareholders’ Equity

(Dollars and shares in millions, except per share data) (Unaudited)	Preferred Stock		Common Shares Outstanding		Common Stock		Additional Paid-in Capital			Retained Earnings			Treasury Stock and Other 1			Accumulated Other Comprehensive (Loss)/Income			Total
Balance, January 1, 2016		$1,225	509			$550		$9,094			$14,686			($1,658	)		($460	)		$23,437
Cumulative effect of credit risk adjustment 2	—		—		—		—			5			—			(5		)	—
Net income	—		—		—		—			447			—			—			447
Other comprehensive income	—		—		—		—			—			—			486			486
Change in noncontrolling interest	—		—		—		—			—			(7		)	—			(7		)
Common stock dividends, $0.24 per share	—		—		—		—			(121		)	—			—			(121		)
Preferred stock dividends 3	—		—		—		—			(17		)	—			—			(17		)
Repurchase of common stock	—		(4	)	—		—			—			(151		)	—			(151		)
Repurchase of common stock warrants	—		—		—		(24		)	—			—			—			(24		)
Exercise of stock options and stock compensation expense	—		—		—		(3		)	—			2			—			(1		)
Restricted stock activity	—		—		—		(50		)	(1		)	53			—			2
Amortization of restricted stock compensation	—		—		—		—			—			2			—			2
Balance, March 31, 2016		$1,225	505			$550		$9,017			$14,999			($1,759	)		$21			$24,053
Balance, January 1, 2017		$1,225	491			$550		$9,010			$16,000			($2,346	)		($821	)		$23,618
Net income	—		—		—		—			468			—			—			468
Other comprehensive loss	—		—		—		—			—			—			(46		)	(46		)
Change in noncontrolling interest	—		—		—		—			—			(2		)	—			(2		)
Common stock dividends, $0.26 per share	—		—		—		—			(128		)	—			—			(128		)
Preferred stock dividends 3	—		—		—		—			(17		)	—			—			(17		)
Repurchase of common stock	—		(7	)	—		—			—			(414		)	—			(414		)
Exercise of stock options and stock compensation expense	—		1		—		(12		)	—			21			—			9
Restricted stock activity	—		1		—		(32		)	(1		)	29			—			(4		)
Balance, March 31, 2017		$1,225	486			$550		$8,966			$16,322			($2,712	)		($867	)		$23,484

¹ At March 31, 2017, includes ($2,812) million for treasury stock, ($1) million for the compensation element of restricted stock, and $101 million for noncontrolling interest.

At March 31, 2016, includes ($1,859) million for treasury stock, ($1) million for the compensation element of restricted stock, and $101 million for noncontrolling interest.

² Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk, beginning January 1, 2016. See Note 1, "Significant Accounting Policies," and Note 18, "Accumulated Other Comprehensive (Loss)/Income," for additional information.

³ For the three months ended March 31, 2017, dividends were $1,000 per share for both Perpetual Preferred Stock Series A and B, $1,469 per share for Perpetual Preferred Stock Series E, and $1,406 per share for Perpetual Preferred Stock Series F.

For the three months ended March 31, 2016, dividends were $1,011 per share for both Perpetual Preferred Stock Series A and B, $1,469 per share for Perpetual Preferred Stock Series E, and $1,406 per share for Perpetual Preferred Stock Series F.

See accompanying Notes to Consolidated Financial Statements (unaudited).

5

SunTrust Banks, Inc. Consolidated Statements of Cash Flows
	Three Months Ended March 31
(Dollars in millions) (Unaudited)	2017			2016
Cash Flows from Operating Activities
Net income including income attributable to noncontrolling interest		$470			$449
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation, amortization, and accretion	179			171
Origination of servicing rights	(101		)	(46		)
Provisions for credit losses and foreclosed property	121			103
Stock-based compensation	58			25
Net securities (gains)/losses	—			—
Net gain on sale of loans held for sale, loans, and other assets	(6		)	(84		)
Net decrease/(increase) in loans held for sale	2,056			(4		)
Net increase in trading assets	(8		)	(689		)
Net (increase)/decrease in other assets 1	(387		)	146
Net decrease in other liabilities 1	(284		)	(268		)
Net cash provided by/(used in) operating activities	2,098			(197		)
Cash Flows from Investing Activities
Proceeds from maturities, calls, and paydowns of securities available for sale	993			1,057
Purchases of securities available for sale	(1,450		)	(1,008		)
Net increase in loans, including purchases of loans	(492		)	(3,438		)
Proceeds from sales of loans	118			18
Purchases of servicing rights	—			(75		)
Capital expenditures	(43		)	(24		)
Payments related to acquisitions, including contingent consideration, net of cash acquired	—			(23		)
Proceeds from the sale of other real estate owned and other assets	55			34
Net cash used in investing activities	(819		)	(3,459		)
Cash Flows from Financing Activities
Net increase in total deposits	2,455			2,331
Net (decrease)/increase in funds purchased, securities sold under agreements to repurchase, and other short-term borrowings	(68		)	317
Proceeds from issuance of long-term debt	1,340			1,105
Repayments of long-term debt	(2,576		)	(1,019		)
Repurchase of common stock	(414		)	(151		)
Repurchase of common stock warrants	—			(24		)
Common and preferred dividends paid	(138		)	(130		)
Taxes paid related to net share settlement of equity awards 1	(36		)	(46		)
Proceeds from exercise of stock options 1	9			1
Net cash provided by financing activities	572			2,384
Net increase/(decrease) in cash and cash equivalents	1,851			(1,272		)
Cash and cash equivalents at beginning of period	6,423			5,599
Cash and cash equivalents at end of period		$8,274			$4,327
Supplemental Disclosures:
Loans transferred from loans held for sale to loans		$7			$5
Loans transferred from loans to loans held for sale	60			55
Loans transferred from loans and loans held for sale to other real estate owned	15			16
Non-cash impact of debt assumed by purchaser in lease sale	—			26

¹ Related to the Company's early adoption of ASU 2016-09, certain prior period amounts have been retrospectively reclassified between operating activities and financing activities.

See accompanying Notes to Consolidated Financial Statements (unaudited).

6

Notes to Consolidated Financial Statements (Unaudited)

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation and Basis of Presentation

The unaudited Consolidated Financial Statements have been prepared in accordance with U.S. GAAP to present interim financial statement information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete, consolidated financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes; actual results could vary from these estimates. Certain reclassifications have

been made to prior period amounts to conform to the current period presentation.

These interim Consolidated Financial Statements should be read in conjunction with the Company’s 2016 Annual Report on Form 10-K. Other than the recently issued accounting pronouncements discussed in this section, there have been no significant changes to the Company’s accounting policies, as disclosed in the 2016 Annual Report on Form 10-K, that could have a material effect on the Company's financial statements.

The Company evaluated events that occurred between March 31, 2017 and the date the accompanying financial statements were issued, and there were no material events, other than those already discussed in this Form 10-Q, that would require recognition in the Company's Consolidated Financial Statements or disclosure in the accompanying Notes.

Recently Issued Accounting Pronouncements

The following table summarizes ASUs recently issued by the FASB that could have a material effect on the Company's financial statements:

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Adopted in 2017 (or partially adopted previously)
ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities	The ASU amends ASC Topic 825, Financial Instruments-Overall, and addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The main provisions require investments in equity securities to be measured at fair value through net income, unless they qualify for a practicability exception, and require fair value changes arising from changes in instrument-specific credit risk for financial liabilities that are measured under the fair value option to be recognized in other comprehensive income. With the exception of disclosure requirements that will be adopted prospectively, the ASU must be adopted on a modified retrospective basis.	January 1, 2018 Early adoption is permitted beginning January 1, 2016 or 2017 for the provision related to changes in instrument-specific credit risk for financial liabilities under the FVO.	The Company early adopted the provision related to changes in instrument-specific credit risk beginning January 1, 2016, which resulted in an immaterial, cumulative effect adjustment from retained earnings to AOCI. See Note 18, "Accumulated Other Comprehensive (Loss)/Income" for additional information. The Company is evaluating the impact of the remaining provisions of this ASU on the Consolidated Financial Statements and related disclosures; however, the impact is not expected to be material.

7

Notes to Consolidated Financial Statements (Unaudited), continued

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Not Yet Adopted
ASU 2014-09, Revenue from Contracts with Customers ASU 2015-14, Deferral of the Effective Date ASU 2016-08, Principal versus Agent Considerations ASU 2016-10, Identifying Performance Obligations and Licensing ASU 2016-12, Narrow-Scope Improvements and Practical Expedients ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers	These ASUs supersede the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the ASUs is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASUs may be adopted either retrospectively or on a modified retrospective basis to new contracts and existing contracts, with remaining performance obligations as of the effective date.	January 1, 2018 Early adoption is permitted beginning January 1, 2017.	The Company continues to evaluate the anticipated effects of these ASUs on the Consolidated Financial Statements and related disclosures. The Company has conducted a comprehensive scoping exercise to determine the revenue streams that are in the scope of these updates. Preliminary results indicate that certain noninterest income financial statement line items, including service charges on deposit accounts, card fees, other charges and fees, investment banking income, trust and investment management income, retail investment services, commercial real estate related income, and other noninterest income, contain revenue streams that are in scope of these updates. Preliminary analyses indicate that there will be a change to gross presentation of certain types of revenue and expenses within investment banking income, such as underwriting revenue and expenses; the materiality of these changes is still being assessed. Other areas are still being evaluated, such as card interchange fees, card rewards programs, and service charges on deposit accounts. The Company is in the process of developing additional quantitative and qualitative disclosures that will be required upon adoption of the new ASUs. The Company plans to adopt the standards beginning January 1, 2018 and expects to use the modified retrospective method of adoption.
ASU 2016-02, Leases	The ASU creates ASC Topic 842, Leases, and supersedes Topic 840, Leases. Topic 842 requires lessees to recognize right-of-use assets and associated liabilities that arise from leases, with the exception of short-term leases. The ASU does not make significant changes to lessor accounting; however, there were certain improvements made to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. There are several new qualitative and quantitative disclosures required. Upon transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach.	January 1, 2019 Early adoption is permitted.	The adoption of this ASU will result in an increase to the Consolidated Balance Sheets for right-of-use assets and associated lease liabilities for operating leases in which the Company is the lessee. The Company is evaluating the significance and other effects of adoption on the Consolidated Financial Statements and related disclosures.
ASU 2016-13, Measurement of Credit Losses on Financial Instruments	The ASU amends ASC Topic 326, Financial Instruments-Credit Losses, to replace the incurred loss impairment methodology with a CECL methodology for financial instruments measured at amortized cost and other commitments to extend credit. For this purpose, expected credit losses reflect losses over the remaining contractual life of an asset, considering the effect of voluntary prepayments and considering available information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The resulting allowance for credit losses reflects the portion of the amortized cost basis that the entity does not expect to collect. Additional quantitative and qualitative disclosures are required upon adoption. The CECL model does not apply to AFS debt securities; however the ASU requires entities to record an allowance when recognizing credit losses for AFS securities, rather than recording a direct write-down of the carrying amount.	January 1, 2020 Early adoption is permitted beginning January 1, 2019.	The Company has formed a cross-functional team to oversee the implementation of this ASU and it has begun to assess the required changes to its credit loss estimation methodologies. The Company is evaluating the impact this ASU will have on its Consolidated Financial Statements and related disclosures, and the Company currently anticipates that an increase to the allowance for credit losses will be recognized upon adoption to provide for the expected credit losses over the estimated life of the financial assets. However, the magnitude of the anticipated increase in the allowance for credit losses will be impacted by economic conditions and trends in the Company’s portfolio at the time of adoption.
ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business	The ASU amends ASC Topic 805, Business Combinations, to provide a more robust framework to use in determining when a set of assets and activities meets the definition of a business. The amendment indicates that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set of gross assets acquired does not represent a business. Further, a set of gross assets acquired cannot be considered a business unless it includes an input and a substantive process that together significantly contribute to the ability to create an output. The ASU should be applied on a prospective basis.	January 1, 2018 Early adoption is permitted.	This ASU will not impact the Consolidated Financial Statements and related disclosures until an asset acquisition or business combination occurs that requires an analysis to determine if the acquired assets are a business under the new guidance.

8

Notes to Consolidated Financial Statements (Unaudited), continued

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Not Yet Adopted (continued)
ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment	The ASU amends ASC Topic 350, Intangibles - Goodwill and Other, to simplify the subsequent measurement of goodwill, by eliminating Step 2 from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. Entities should recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, but the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU should be applied on a prospective basis.	January 1, 2020 Early adoption is permitted.	Based on the Company's most recent annual impairment test, there were no reporting units for which the carrying amount of the reporting unit exceeded its fair value; therefore, this ASU does not currently have an impact on the Company's Consolidated Financial Statements and related disclosures. However, if upon adoption the carrying amount of a reporting unit exceeds its fair value, the Company would be impacted by the amount of impairment recognized.
ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets	The ASU amends ASC Topic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to clarify the scope of the Topic by clarifying the definition of the term "in substance nonfinancial asset" and also adding guidance for partial sales of nonfinancial assets. Under the new guidance, an entity will derecognize a nonfinancial asset when it does not have or ceases to have a controlling interest in the legal entity that holds the asset and when control of the asset has transferred in accordance with ASC 606. The ASU can be adopted on a retrospective or modified retrospective approach.	January 1, 2018 Early adoption is permitted beginning January 1, 2017.	The Company is evaluating the impact this ASU will have on its Consolidated Financial Statements and related disclosures.

NOTE 2 - ACQUISITIONS/DISPOSITIONS

During the three months ended March 31, 2017 and 2016, the Company had no material acquisitions or dispositions.

Acquisition of Pillar

On December 15, 2016, the Company completed the acquisition of substantially all of the assets of the operating subsidiaries of Pillar Financial, LLC, a multi-family agency lending and servicing company with an originate-to-distribute focus that holds licenses with Fannie Mae, Freddie Mac, and the FHA. The acquired assets include Pillar's multi-family lending business, which is comprised of multi-family affordable housing, health care properties, senior housing, and manufactured housing specialty teams. Additionally, the transaction includes Cohen Financial's commercial real estate investor services business, which provides loan administration, advisory, and commercial mortgage brokerage services.

The Company agreed to pay $197 million in cash and incurred an immaterial amount of acquisition-related costs for the acquisition. The acquisition of Pillar was accounted for using the acquisition method of accounting. The Company performed a preliminary allocation of the purchase price to the underlying assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. Refer to the Company's 2016 Annual Report on Form 10-K for additional information.

During the three months ended March 31, 2017, the Company finalized its valuation of assets acquired and liabilities assumed at the date of acquisition, and revised the preliminary purchase price allocation accordingly. The following table presents the revised purchase price allocation at March 31, 2017, which included a $1 million reduction to other intangible assets, resulting in the recognition of $1 million of goodwill.

(Dollars in millions)	March 31, 2017
Consideration		$197
Revised Pillar purchase price allocation to:
Cash and cash equivalents		$9
LHFI	38
LHFS	182
Commercial mortgage servicing rights	62
Other intangible assets	13
Other assets	8
Other short-term borrowings	(100		)
Other liabilities	(16		)
Identified net assets acquired at fair value		$196
Goodwill		$1

At the date of acquisition, the UPB of LHFI and LHFS acquired were $38 million and $180 million, respectively, and the related contractual cash flows not expected to be collected were immaterial. Additionally, intangible assets acquired included $62 million of commercial mortgage servicing rights and $13 million related mainly to agency licenses. See Note 8, "Goodwill and Other Intangible Assets," for additional information regarding the identified intangible assets acquired.

During the second quarter of 2017, the final settlement amount associated with working capital adjustments was reached and the purchase consideration of $197 million was finalized.

9

Notes to Consolidated Financial Statements (Unaudited), continued

NOTE 3 - FEDERAL FUNDS SOLD AND SECURITIES FINANCING ACTIVITIES

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell

Fed funds sold and securities borrowed or purchased under agreements to resell were as follows:

(Dollars in millions)	March 31, 2017		December 31, 2016
Fed funds sold		$18		$58
Securities borrowed	362		270
Securities purchased under agreements to resell	912		979
Total Fed funds sold and securities borrowed or purchased under agreements to resell		$1,292		$1,307

Securities purchased under agreements to resell are primarily collateralized by U.S. government or agency securities and are carried at the amounts at which the securities will be

subsequently resold, plus accrued interest. Securities borrowed are primarily collateralized by corporate securities. The Company borrows securities and purchases securities under agreements to resell as part of its securities financing activities. On the acquisition date of these securities, the Company and the related counterparty agree on the amount of collateral required to secure the principal amount loaned under these arrangements. The Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the respective agreements. At both March 31, 2017 and December 31, 2016, the total market value of collateral held was $1.3 billion, of which $234 million and $246 million was repledged, respectively.

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase are accounted for as secured borrowings. The following table presents the Company’s related activity, by collateral type and remaining contractual maturity:

	March 31, 2017								December 31, 2016
(Dollars in millions)	Overnight and Continuous		Up to 30 days		30-90 days		Total		Overnight and Continuous		Up to 30 days		30-90 days		Total
U.S. Treasury securities		$125		$—		$—		$125		$27		$—		$—		$27
Federal agency securities	112		25		—		137		288		24		—		312
MBS - agency	861		124		—		985		793		51		—		844
CP	82		—		—		82		49		—		—		49
Corporate and other debt securities	285		50		40		375		311		50		40		401
Total securities sold under agreements to repurchase		$1,465		$199		$40		$1,704		$1,468		$125		$40		$1,633

For these securities sold under agreements to repurchase, the Company would be obligated to provide additional collateral in the event of a significant decline in fair value of the collateral pledged. This risk is managed by monitoring the liquidity and credit quality of the collateral, as well as the maturity profile of the transactions.

Netting of Securities - Repurchase and Resell Agreements

The Company has various financial assets and financial liabilities that are subject to enforceable master netting agreements or similar agreements. The Company's derivatives that are subject to enforceable master netting agreements or similar agreements are discussed in Note 14, "Derivative Financial Instruments." The following table presents the Company's securities borrowed or purchased under agreements to resell and securities sold under agreements to repurchase that

are subject to MRAs. Generally, MRAs require collateral to exceed the asset or liability recognized on the balance sheet. Transactions subject to these agreements are treated as collateralized financings, and those with a single counterparty are permitted to be presented net on the Company's Consolidated Balance Sheets, provided certain criteria are met that permit balance sheet netting. At March 31, 2017 and December 31, 2016, there were no such transactions subject to legally enforceable MRAs that were eligible for balance sheet netting.

The following table includes the amount of collateral pledged or received related to exposures subject to enforceable MRAs. While these agreements are typically over-collateralized, the amount of collateral presented in this table is limited to the amount of the related recognized asset or liability for each counterparty.

10

Notes to Consolidated Financial Statements (Unaudited), continued

(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
March 31, 2017
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,274		$—		$1,274	1		$1,262		$12
Financial liabilities:
Securities sold under agreements to repurchase	1,704		—		1,704			1,704		—
December 31, 2016
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,249		$—		$1,249	1		$1,241		$8
Financial liabilities:
Securities sold under agreements to repurchase	1,633		—		1,633			1,633		—

¹ Excludes $18 million and $58 million of Fed funds sold, which are not subject to a master netting agreement at March 31, 2017 and December 31, 2016, respectively.

NOTE 4 - TRADING ASSETS AND LIABILITIES AND DERIVATIVE INSTRUMENTS

The fair values of the components of trading assets and liabilities and derivative instruments are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Trading Assets and Derivative Instruments:
U.S. Treasury securities		$450		$539
Federal agency securities	361		480
U.S. states and political subdivisions	55		134
MBS - agency	560		567
CLO securities	—		1
Corporate and other debt securities	590		656
CP	491		140
Equity securities	41		49
Derivative instruments 1	863		984
Trading loans 2	2,596		2,517
Total trading assets and derivative instruments		$6,007		$6,067
Trading Liabilities and Derivative Instruments:
U.S. Treasury securities		$528		$697
MBS - agency	5		1
Corporate and other debt securities	326		255
Equity securities	5		—
Derivative instruments 1	361		398
Total trading liabilities and derivative instruments		$1,225		$1,351

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 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 STRH, a broker/dealer subsidiary of the Company. 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 other similar financial instruments. Other trading-related activities include acting as a

market maker for certain debt and equity security transactions, derivative instrument transactions, and foreign exchange transactions. 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 and non-trading activities, and assumes a limited degree of market risk by managing the size and nature of its exposure. For valuation assumptions and additional information related to the Company's trading products and derivative instruments, see Note 14, “Derivative Financial Instruments,” and the “Trading Assets and Derivative Instruments and Securities Available for Sale” section of Note 15, “Fair Value Election and Measurement.”

11

Notes to Consolidated Financial Statements (Unaudited), continued

Pledged trading assets are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Pledged trading assets to secure repurchase agreements 1		$958		$968
Pledged trading assets to secure certain derivative agreements	273		471
Pledged trading assets to secure other arrangements	40		40

¹ Repurchase agreements secured by collateral totaled $918 million and $928 million at March 31, 2017 and December 31, 2016, respectively.

NOTE 5 – SECURITIES AVAILABLE FOR SALE

Securities Portfolio Composition

	March 31, 2017
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,488		$5		$71		$5,422
Federal agency securities	297		6		1		302
U.S. states and political subdivisions	319		7		4		322
MBS - agency	23,791		291		287		23,795
MBS - non-agency residential	68		3		—		71
MBS - non-agency commercial	539		1		6		534
ABS	7		2		—		9
Corporate and other debt securities	34		—		—		34
Other equity securities 1	638		1		1		638
Total securities AFS		$31,181		$316		$370		$31,127
	December 31, 2016
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,486		$5		$86		$5,405
Federal agency securities	310		5		2		313
U.S. states and political subdivisions	279		5		5		279
MBS - agency	23,642		313		293		23,662
MBS - non-agency residential	71		3		—		74
MBS - non-agency commercial	257		—		5		252
ABS	8		2		—		10
Corporate and other debt securities	34		1		—		35
Other equity securities 1	642		1		1		642
Total securities AFS		$30,729		$335		$392		$30,672

¹ At March 31, 2017, the fair value of other equity securities was comprised of the following: $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $119 million of mutual fund investments, and $6 million of other.

At December 31, 2016, the fair value of other equity securities was comprised of the following: $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $102 million of mutual fund investments, and $6 million of other.

The following table presents interest and dividends on securities AFS:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
Taxable interest		$180		$159
Tax-exempt interest	2		1
Dividends	5		3
Total interest and dividends on securities AFS		$187		$163

Securities AFS pledged to secure public deposits, repurchase agreements, trusts, certain derivative agreements, and other funds had a fair value of $3.3 billion and $2.0 billionat March 31, 2017 and December 31, 2016, respectively.

12

Notes to Consolidated Financial Statements (Unaudited), continued

The following table presents the amortized cost, fair value, and weighted average yield of investments in debt securities AFS at March 31, 2017, by remaining contractual maturity, with the exception of MBS and ABS, which are based on estimated average life. Receipt of cash flows may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.

	Distribution of Remaining Maturities
(Dollars in millions)	Due in 1 Year or Less			Due After 1 Year through 5 Years			Due After 5 Years through 10 Years			Due After 10 Years			Total
Amortized Cost:
U.S. Treasury securities		$—			$2,345			$3,143			$—			$5,488
Federal agency securities	110			82			7			98			297
U.S. states and political subdivisions	9			32			117			161			319
MBS - agency	1,709			7,000			14,287			795			23,791
MBS - non-agency residential	—			68			—			—			68
MBS - non-agency commercial	20			12			492			15			539
ABS	—			7			—			—			7
Corporate and other debt securities	15			19			—			—			34
Total debt securities AFS		$1,863			$9,565			$18,046			$1,069			$30,543
Fair Value:
U.S. Treasury securities		$—			$2,334			$3,088			$—			$5,422
Federal agency securities	112			85			7			98			302
U.S. states and political subdivisions	9			33			122			158			322
MBS - agency	1,802			7,119			14,088			786			23,795
MBS - non-agency residential	—			71			—			—			71
MBS - non-agency commercial	20			12			486			16			534
ABS	—			9			—			—			9
Corporate and other debt securities	15			19			—			—			34
Total debt securities AFS		$1,958			$9,682			$17,791			$1,058			$30,489
Weighted average yield 1	3.16		%	2.32		%	2.60		%	2.98		%	2.56		%

¹ Weighted average yields are based on amortized cost.

Securities AFS in an Unrealized Loss Position

The Company held certain investment securities AFS where amortized cost exceeded fair value, resulting in unrealized loss positions. Market changes in interest rates and credit spreads may result in temporary unrealized losses as the market prices of securities fluctuate. At March 31, 2017, the Company did not intend to sell these securities nor was it more-likely-than-not that

the Company would be required to sell these securities before their anticipated recovery or maturity. The Company reviewed its portfolio for OTTI in accordance with the accounting policies described in Note 1, "Significant Accounting Policies," to the Company's 2016 Annual Report on Form 10-K.

13

Notes to Consolidated Financial Statements (Unaudited), continued

Securities AFS in an unrealized loss position at period end are presented in the following tables:

	March 31, 2017
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized Losses 2		Fair Value		Unrealized Losses 2		Fair Value		Unrealized Losses 2
Temporarily impaired securities AFS:
U.S. Treasury securities		$4,108		$71		$—		$—		$4,108		$71
Federal agency securities	94		1		3		—		97		1
U.S. states and political subdivisions	147		4		—		—		147		4
MBS - agency	14,445		280		500		7		14,945		287
MBS - non-agency commercial	325		6		—		—		325		6
ABS	—		—		5		—		5		—
Corporate and other debt securities	11		—		—		—		11		—
Other equity securities	—		—		4		1		4		1
Total temporarily impaired securities AFS	19,130		362		512		8		19,642		370
OTTI securities AFS 1:
MBS - non-agency residential	—		—		16		—		16		—
ABS	—		—		1		—		1		—
Total OTTI securities AFS	—		—		17		—		17		—
Total impaired securities AFS		$19,130		$362		$529		$8		$19,659		$370

¹ OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

² Unrealized losses less than $0.5 million are presented as zero within the table.

	December 31, 2016
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized  Losses 2		Fair Value		Unrealized Losses 2		Fair Value		Unrealized  Losses 2
Temporarily impaired securities AFS:
U.S. Treasury securities		$4,380		$86		$—		$—		$4,380		$86
Federal agency securities	96		2		3		—		99		2
U.S. states and political subdivisions	149		5		—		—		149		5
MBS - agency	14,622		285		451		8		15,073		293
MBS - non-agency commercial	184		5		—		—		184		5
ABS	—		—		5		—		5		—
Corporate and other debt securities	12		—		—		—		12		—
Other equity securities	—		—		4		1		4		1
Total temporarily impaired securities AFS	19,443		383		463		9		19,906		392
OTTI securities AFS 1:
MBS - non-agency residential	16		—		—		—		16		—
ABS	—		—		1		—		1		—
Total OTTI securities AFS	16		—		1		—		17		—
Total impaired securities AFS		$19,459		$383		$464		$9		$19,923		$392

¹ OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

² Unrealized losses less than $0.5 million are presented as zero within the table.

At March 31, 2017, temporarily impaired securities AFS that have been in an unrealized loss position for twelve months or longer included agency MBS, federal agency securities, one ABS collateralized by 2004 vintage home equity loans, and one equity security. Unrealized losses on these temporarily impaired agency MBS and federal agency securities were due to market interest rates being higher than the securities' stated coupon rates. The Company continues to receive timely distributions on the temporarily impaired ABS and equity security, and the ABS is evaluated quarterly for credit impairment. Unrealized losses on securities AFS that relate to factors other than credit are recorded in AOCI, net of tax.

Realized Gains and Losses and Other-Than-Temporarily Impaired Securities AFS

Net securities gains/(losses) are comprised of gross realized gains, gross realized losses, and OTTI credit losses recognized in earnings. For both the three months ended March 31, 2017 and 2016, there were no gross realized gains, gross realized losses, or OTTI credit losses recognized in earnings.

Securities AFS in an unrealized loss position are evaluated quarterly for other-than-temporary credit impairment, which is determined using cash flow analyses that take into account security specific collateral and transaction structure. Future expected credit losses are determined using various assumptions,

14

Notes to Consolidated Financial Statements (Unaudited), continued

the most significant of which include default rates, prepayment rates, and loss severities. If, based on this analysis, a security is in an unrealized loss position and the Company does not expect to recover the entire amortized cost basis of the security, the expected cash flows are then discounted at the security’s initial effective interest rate to arrive at a present value amount. Credit losses on the OTTI security are recognized in earnings and reflect the difference between the present value of cash flows expected to be collected and the amortized cost basis of the security. See Note 1, "Significant Accounting Policies," to the Company's 2016 Annual Report on Form 10-K for additional information regarding the Company's policy on securities AFS and related impairments.

The Company seeks to reduce existing exposure on OTTI securities primarily through paydowns. In certain instances, the

amount of credit losses recognized in earnings on a debt security exceeds the total unrealized losses on the security, which may result in unrealized gains relating to factors other than credit recorded in AOCI, net of tax.

During both the three months ended March 31, 2017 and 2016, there were no credit impairment losses recognized on securities AFS held at the end of the period. The accumulated balance of OTTI credit losses recognized in earnings on securities AFS held at period end was $22 millionat March 31, 2017 and $24 million at March 31, 2016. Subsequent credit losses may be recorded on securities without a corresponding further decline in fair value when there has been a decline in expected cash flows.

NOTE 6 - LOANS

Composition of Loan Portfolio

(Dollars in millions)	March 31, 2017		December 31, 2016
Commercial loans:
C&I		$68,971		$69,213
CRE	5,067		4,996
Commercial construction	4,215		4,015
Total commercial loans	78,253		78,224
Residential loans:
Residential mortgages - guaranteed	549		537
Residential mortgages - nonguaranteed 1	26,110		26,137
Residential home equity products	11,511		11,912
Residential construction	380		404
Total residential loans	38,550		38,990
Consumer loans:
Guaranteed student	6,396		6,167
Other direct	7,904		7,771
Indirect	11,067		10,736
Credit cards	1,359		1,410
Total consumer loans	26,726		26,084
LHFI		$143,529		$143,298
LHFS 2		$2,109		$4,169

¹ Includes $221 million and $222 million of LHFI measured at fair value at March 31, 2017 and December 31, 2016, respectively.

² Includes $1.8 billion and $3.5 billion of LHFS measured at fair value at March 31, 2017 and December 31, 2016, respectively.

During the three months ended March 31, 2017 and 2016, the Company transferred $60 million and $55 million in LHFI to LHFS, and $7 million and $5 million in LHFS to LHFI, respectively. In addition to sales of residential and commercial mortgage LHFS in the normal course of business, the Company sold $118 million and $18 million in loans and leases during the three months ended March 31, 2017 and 2016, respectively, at a price approximating their recorded investment.

During the three months ended March 31, 2017, the Company purchased $539 million of guaranteed student loans

during the normal course of business and $99 million of indirect loans. During the three months ended March 31, 2016, the Company purchased $537 million of guaranteed student loans during the normal course of business.

At March 31, 2017 and December 31, 2016, the Company had $22.8 billion and $22.6 billion, respectively, of net eligible loan collateral pledged to the Federal Reserve discount window to support $17.0 billion of available, unused borrowing capacity at the end of each period.

At March 31, 2017 and December 31, 2016, the Company had $36.2 billion and $36.9 billion of net eligible loan collateral pledged to the FHLB of Atlanta to support $30.8 billion and $31.9 billion of available borrowing capacity, respectively. The available FHLB borrowing capacity at March 31, 2017 was used to support $2.3 billion of long-term debt and $6.1 billion of letters of credit issued on the Company's behalf. At December 31, 2016, the available FHLB borrowing capacity was used to support $2.8 billion of long-term debt and $7.3 billion of letters of credit issued on the Company's behalf.

Credit Quality Evaluation

The Company evaluates the credit quality of its loan portfolio by employing a dual internal risk rating system, which assigns both PD and LGD ratings to derive expected losses. Assignment of these ratings are predicated upon numerous factors, including consumer credit risk scores, rating agency information, borrower/guarantor financial capacity, LTV ratios, collateral type, debt service coverage ratios, collection experience, other internal metrics/analyses, and/or qualitative assessments.

For the commercial portfolio, the Company believes that the most appropriate credit quality indicator is an individual loan’s risk assessment expressed according to the broad regulatory agency classifications of Pass or Criticized. The Company conforms to the following regulatory classifications for Criticized assets: Other Assets Especially Mentioned (or Special Mention), Adversely Classified, Doubtful, and Loss. However, for the purposes of disclosure, management believes the most meaningful distinction within the Criticized categories is between Criticized accruing (which includes Special Mention and a portion of Adversely Classified) and Criticized nonaccruing (which includes a portion of Adversely Classified

15

Notes to Consolidated Financial Statements (Unaudited), continued

and Doubtful and Loss). This distinction identifies those relatively higher risk loans for which there is a basis to believe that the Company will not collect all amounts due under those loan agreements. The Company's risk rating system is more granular, with multiple risk ratings in both the Pass and Criticized categories. Pass ratings reflect relatively low PDs, whereas, Criticized assets have higher PDs. The granularity in Pass ratings assists in establishing pricing, loan structures, approval requirements, reserves, and ongoing credit management requirements. Commercial risk ratings are refreshed at least annually, or more frequently as appropriate, based upon considerations such as market conditions, borrower characteristics, and portfolio trends. Additionally, management routinely reviews portfolio risk ratings, trends, and concentrations to support risk identification and mitigation activities.

For consumer and residential loans, the Company monitors credit risk based on indicators such as delinquencies and FICO

scores. The Company believes that consumer credit risk, as assessed by the industry-wide FICO scoring method, is a relevant credit quality indicator. Borrower-specific FICO scores are obtained at origination as part of the Company’s formal underwriting process, and refreshed FICO scores are obtained by the Company at least quarterly.

For government-guaranteed loans, the Company monitors the credit quality based primarily on delinquency status, as it is a more relevant indicator of credit quality due to the government guarantee. At March 31, 2017 and December 31, 2016, 31% and 29%, respectively, of the guaranteed residential loan portfolio was current with respect to payments. At March 31, 2017 and December 31, 2016, 76% and 75%, respectively, of the guaranteed student loan portfolio was current with respect to payments. The Company's loss exposure on guaranteed residential and student loans is mitigated by the government guarantee.

LHFI by credit quality indicator are presented in the following tables:

	Commercial Loans
	C&I				CRE				Commercial Construction
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Risk rating:
Pass		$66,776		$66,920		$4,738		$4,574		$4,070		$3,914
Criticized accruing	1,867		1,903		323		415		127		84
Criticized nonaccruing	328		390		6		7		18		17
Total		$68,971		$69,213		$5,067		$4,996		$4,215		$4,015

	Residential Loans 1
	Residential Mortgages - Nonguaranteed				Residential Home Equity Products				Residential Construction
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current FICO score range:
700 and above		$22,137		$22,194		$9,506		$9,826		$322		$292
620 - 699	3,037		3,042		1,468		1,540		47		96
Below 620 2	936		901		537		546		11		16
Total		$26,110		$26,137		$11,511		$11,912		$380		$404

	Consumer Loans 3
	Other Direct				Indirect				Credit Cards
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current FICO score range:
700 and above		$7,119		$7,008		$7,945		$7,642		$927		$974
620 - 699	736		703		2,368		2,381		347		351
Below 620 2	49		60		754		713		85		85
Total		$7,904		$7,771		$11,067		$10,736		$1,359		$1,410

¹ Excludes $549 million and $537 million of guaranteed residential loans at March 31, 2017 and December 31, 2016, respectively.

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 $6.4 billion and $6.2 billion of guaranteed student loans at March 31, 2017 and December 31, 2016, respectively.

16

Notes to Consolidated Financial Statements (Unaudited), continued

The payment status for the LHFI portfolio is presented in the following tables:

	March 31, 2017
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$68,601		$31		$11		$328		$68,971
CRE	5,057		2		2		6		5,067
Commercial construction	4,197		—		—		18		4,215
Total commercial loans	77,855		33		13		352		78,253
Residential loans:
Residential mortgages - guaranteed	171		55		323		—		549
Residential mortgages - nonguaranteed 1	25,854		67		10		179		26,110
Residential home equity products	11,201		73		—		237		11,511
Residential construction	367		1		—		12		380
Total residential loans	37,593		196		333		428		38,550
Consumer loans:
Guaranteed student	4,862		667		867		—		6,396
Other direct	7,865		31		3		5		7,904
Indirect	10,972		91		—		4		11,067
Credit cards	1,338		10		11		—		1,359
Total consumer loans	25,037		799		881		9		26,726
Total LHFI		$140,485		$1,028		$1,227		$789		$143,529

¹ Includes $221 million of loans measured at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $348 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs, performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans. 

	December 31, 2016
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$68,776		$35		$12		$390		$69,213
CRE	4,988		1		—		7		4,996
Commercial construction	3,998		—		—		17		4,015
Total commercial loans	77,762		36		12		414		78,224
Residential loans:
Residential mortgages - guaranteed	155		55		327		—		537
Residential mortgages - nonguaranteed 1	25,869		84		7		177		26,137
Residential home equity products	11,596		81		—		235		11,912
Residential construction	389		3		—		12		404
Total residential loans	38,009		223		334		424		38,990
Consumer loans:
Guaranteed student	4,637		603		927		—		6,167
Other direct	7,726		35		4		6		7,771
Indirect	10,608		126		1		1		10,736
Credit cards	1,388		12		10		—		1,410
Total consumer loans	24,359		776		942		7		26,084
Total LHFI		$140,130		$1,035		$1,288		$845		$143,298

¹ Includes $222 million of loans measured at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $360 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans.

17

Notes to Consolidated Financial Statements (Unaudited), continued

Impaired Loans

A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the agreement. Commercial nonaccrual loans greater than $3 million and certain commercial, residential, and consumer loans whose terms have been modified in a TDR are individually evaluated

for impairment. Smaller-balance homogeneous loans that are collectively evaluated for impairment and loans measured at fair value are not included in the following tables. Additionally, the following tables exclude guaranteed consumer student loans and guaranteed residential mortgages for which there was nominal risk of principal loss.

	March 31, 2017						December 31, 2016
(Dollars in millions)	Unpaid Principal Balance		Amortized  Cost 1		Related Allowance		Unpaid Principal Balance			Amortized  Cost 1			Related Allowance
Impaired loans with no related allowance recorded:
Commercial loans:
C&I		$255		$187		$—		$266			$214			$—
Total commercial loans	255		187		—		266			214			—
Residential loans:
Residential mortgages - nonguaranteed	468		362		—		466			360			—
Residential construction	16		8		—		16			8			—
Total residential loans	484		370		—		482			368			—
Impaired loans with an allowance recorded:
Commercial loans:
C&I	203		148		25		225			151			31
CRE	26		17		5		26			17			2
Total commercial loans	229		165		30		251			168			33
Residential loans:
Residential mortgages - nonguaranteed	1,239		1,211		141		1,277			1,248			150
Residential home equity products	894		829		57		863			795			54
Residential construction	105		105		10		109			107			11
Total residential loans	2,238		2,145		208		2,249			2,150			215
Consumer loans:
Other direct	59		59		1		59		2	59		2	1
Indirect	106		105		6		103			103			5
Credit cards	24		6		1		24			6			1
Total consumer loans	189		170		8		186			168			7
Total impaired loans		$3,395		$3,037		$246		$3,434			$3,068			$255

¹ Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to adjust the net book balance.

² Includes $41 million of TDRs that were modified prior to 2016 and reclassified as TDRs in the fourth quarter of 2016.

Included in the impaired loan balances above at both March 31, 2017 and December 31, 2016 were $2.5 billion of accruing TDRs at amortized cost, of which 98% and 97% were current, respectively. See Note 1, “Significant Accounting Policies,” to the Company's 2016 Annual Report on Form 10-K for further information regarding the Company’s loan impairment policy.

18

Notes to Consolidated Financial Statements (Unaudited), continued

	Three Months Ended March 31
	2017				2016
(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		$240		$1		$364		$2
CRE	—		—		3		—
Total commercial loans	240		1		367		2
Residential loans:
Residential mortgages - nonguaranteed	360		4		387		4
Residential construction	8		—		8		—
Total residential loans	368		4		395		4
Impaired loans with an allowance recorded:
Commercial loans:
C&I	165		1		161		—
CRE	17		—		—		—
Total commercial loans	182		1		161		—
Residential loans:
Residential mortgages - nonguaranteed	1,216		15		1,339		16
Residential home equity products	833		8		705		7
Residential construction	105		1		120		2
Total residential loans	2,154		24		2,164		25
Consumer loans:
Other direct	58		1		12		—
Indirect	108		1		115		1
Credit cards	6		—		6		—
Total consumer loans	172		2		133		1
Total impaired loans		$3,116		$32		$3,220		$32

¹ Of the interest income recognized during the three months ended March 31, 2017 and 2016, cash basis interest income was less than $1 million and $2 million, respectively.

19

Notes to Consolidated Financial Statements (Unaudited), continued

NPAs are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Nonaccrual/NPLs:
Commercial loans:
C&I		$328		$390
CRE	6		7
Commercial construction	18		17
Residential loans:
Residential mortgages - nonguaranteed	179		177
Residential home equity products	237		235
Residential construction	12		12
Consumer loans:
Other direct	5		6
Indirect	4		1
Total nonaccrual/NPLs 1	789		845
OREO 2	62		60
Other repossessed assets	7		14
Total NPAs		$858		$919

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

² Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by the VA. Proceeds due from the FHA and the VAare recorded as a receivable in other assets in the Consolidated Balance Sheets until the property is conveyed and the funds are received. The receivable related to proceeds due from theFHA or the VA totaled $50 million at both March 31, 2017 and December 31, 2016.

The Company's recorded investment of nonaccruing loans secured by residential real estate properties for which formal foreclosure proceedings are in process at March 31, 2017 and December 31, 2016 was $94 million and $85 million, respectively. The Company's recorded investment of accruing loans secured by residential real estate properties for which formal foreclosure proceedings are in process at March 31, 2017 and December 31, 2016 was $127 million and $122 million, of which $119 million and $114 million were insured by the FHA or guaranteed by the VA, respectively.

At March 31, 2017, OREO included $52 million of foreclosed residential real estate properties and $8 million of foreclosed commercial real estate properties, with the remainder related to land.

At December 31, 2016, OREO included $50 million of foreclosed residential real estate properties and $7 million of foreclosed commercial real estate properties, with the remainder related to land.

20

Notes to Consolidated Financial Statements (Unaudited), continued

Restructured Loans

A TDR is a loan for which the Company has granted an economic concession to the borrower, in response to certain instances of financial difficulty experienced by the borrower, that the Company would not have considered otherwise. When a loan is modified under the terms of a TDR, the Company typically offers the borrower an extension of the loan maturity date and/or a reduction in the original contractual interest rate. In certain situations, the Company may offer to restructure a loan in a

manner that ultimately results in the forgiveness of a contractually specified principal balance.

At March 31, 2017 and December 31, 2016, the Company had $17 million and $29 million, respectively, of commitments to lend additional funds to debtors whose terms have been modified in a TDR. The number and amortized cost of loans modified under the terms of a TDR, by type of modification, are presented in the following tables:

	Three Months Ended March 31, 2017 1
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness 2		Rate Modification		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	24		$—		$—		$41		$41
Residential loans:
Residential mortgages - nonguaranteed	34	1		4		1		6
Residential home equity products	695	—		—		67		67
Consumer loans:
Other direct	110	—		—		1		1
Indirect	581	—		—		14		14
Credit cards	189	—		1		—		1
Total TDRs	1,633		$1		$5		$124		$130

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

² Restructured loans which had forgiveness of amounts contractually due under the terms of the loan may have had other concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during the three months ended March 31, 2017 was immaterial.

	Three Months Ended March 31, 2016 1
(Dollars in millions)	Number of Loans Modified	Rate Modification		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	12		$—		$2		$2
Commercial construction	1	—		—		—
Residential loans:
Residential mortgages - nonguaranteed	120	31		3		34
Residential home equity products	732	7		52		59
Consumer loans:
Other direct	23	—		1		1
Indirect	486	—		11		11
Credit cards	169	1		—		1
Total TDRs	1,543		$39		$69		$108

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

TDRs that have defaulted during the three months ended March 31, 2017 and 2016 that were first modified within the previous 12 months were immaterial. The majority of loans that were modified and subsequently became 90 days or more delinquent have remained on nonaccrual status since the time of delinquency.

Concentrations of Credit Risk

The Company does not have a significant concentration of risk to any individual client except for the U.S. government and its agencies. However, a geographic concentration arises because the Company operates primarily within Florida, Georgia, Maryland, North Carolina, and Virginia. The Company engages in limited international banking activities. The Company’s total

21

Notes to Consolidated Financial Statements (Unaudited), continued

cross-border outstanding loans were $2.0 billion and $2.2 billion at March 31, 2017 and December 31, 2016, respectively.

With respect to collateral concentration, at March 31, 2017, the Company owned $38.6 billion in loans secured by residential real estate, representing 27% of total LHFI. Additionally, the Company had $10.4 billion in commitments to extend credit on home equity lines and $4.6 billion in residential mortgage loan commitments outstanding at March 31, 2017. At December 31,

2016, the Company owned $39.0 billion in loans secured by residential real estate, representing 27% of total LHFI, and had $10.3 billion in commitments to extend credit on home equity lines and $4.2 billion in residential mortgage loan commitments outstanding. At both March 31, 2017 and December 31, 2016, 1% of residential loans owned were guaranteed by a federal agency or a GSE, respectively.

NOTE 7 - ALLOWANCE FOR CREDIT LOSSES

The allowance for credit losses consists of the ALLL and the unfunded commitments reserve. Activity in the allowance for credit losses is summarized in the following table:

	Three Months Ended March 31
(Dollars in millions)	2017			2016
Balance, beginning of period		$1,776			$1,815
Provision for loan losses	117			103
Provision/(benefit) for unfunded commitments	2			(2		)
Loan charge-offs	(146		)	(112		)
Loan recoveries	34			27
Balance, end of period		$1,783			$1,831
Components:
ALLL		$1,714			$1,770
Unfunded commitments reserve 1	69			61
Allowance for credit losses		$1,783			$1,831

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

Activity in the ALLL by loan segment is presented in the following tables:

	Three Months Ended March 31, 2017
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,124			$369			$216			$1,709
Provision for loan losses	46			5			66			117
Loan charge-offs	(63		)	(29		)	(54		)	(146		)
Loan recoveries	13			9			12			34
Balance, end of period		$1,120			$354			$240			$1,714
	Three Months Ended March 31, 2016
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,047			$534			$171			$1,752
Provision/(benefit) for loan losses	98			(32		)	37			103
Loan charge-offs	(32		)	(41		)	(39		)	(112		)
Loan recoveries	10			6			11			27
Balance, end of period		$1,123			$467			$180			$1,770

As discussed in Note 1, “Significant Accounting Policies,” to the Company's 2016 Annual Report on Form 10-K, the ALLL is composed of both specific allowances for certain nonaccrual loans and TDRs and general allowances for groups of loans with

similar risk characteristics. No allowance is required for loans measured at fair value. Additionally, the Company records an immaterial allowance for loan products that are guaranteed by government agencies, as there is nominal risk of principal loss.

22

Notes to Consolidated Financial Statements (Unaudited), continued

The Company’s LHFI portfolio and related ALLL is presented in the following tables:

	March 31, 2017
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$352		$30		$2,515		$208		$170		$8		$3,037		$246
Collectively evaluated	77,901		1,090		35,814		146		26,556		232		140,271		1,468
Total evaluated	78,253		1,120		38,329		354		26,726		240		143,308		1,714
LHFI at fair value	—		—		221		—		—		—		221		—
Total LHFI		$78,253		$1,120		$38,550		$354		$26,726		$240		$143,529		$1,714

	December 31, 2016
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$382		$33		$2,518		$215		$168		$7		$3,068		$255
Collectively evaluated	77,842		1,091		36,250		154		25,916		209		140,008		1,454
Total evaluated	78,224		1,124		38,768		369		26,084		216		143,076		1,709
LHFI at fair value	—		—		222		—		—		—		222		—
Total LHFI		$78,224		$1,124		$38,990		$369		$26,084		$216		$143,298		$1,709

NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The Company conducts a goodwill impairment test at the reporting unit level at least annually, or more frequently as events occur or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. See Note 1, "Significant Accounting Policies," to the Company's 2016 Annual Report on Form 10-K for additional information regarding the Company's goodwill accounting policy.

The Company performed a qualitative goodwill assessment in the first quarter of 2017, considering changes in key assumptions and monitoring other events or changes in circumstances occurring since the most recent goodwill

impairment analysis performed as of October 1, 2016. The Company concluded, based on the totality of factors observed, that it is not more-likely-than-not that the fair values of its reporting units are less than their respective carrying values. Accordingly, goodwill was not quantitatively tested for impairment during the three months ended March 31, 2017.

Changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2017 are presented in the following table. There were no material changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2016.

(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Total
Balance, January 1, 2017		$4,262		$2,075		$6,337
Measurement period adjustment related to the acquisition of Pillar	—		1		1
Balance, March 31, 2017		$4,262		$2,076		$6,338

23

Notes to Consolidated Financial Statements (Unaudited), continued

Other Intangible Assets

Changes in the carrying amounts of other intangible assets for the three months ended March 31 are presented in the following table:

(Dollars in millions)	MSRs - Fair Value			Other			Total
Balance, January 1, 2017		$1,572			$85			$1,657
Amortization 1	—			(5		)	(5		)
Servicing rights originated	96			5			101
Changes in fair value:
Due to changes in inputs and assumptions 2	27			—			27
Other changes in fair value 3	(50		)	—			(50		)
Other 4	—			(1		)	(1		)
Balance, March 31, 2017		$1,645			$84			$1,729
Balance, January 1, 2016		$1,307			$18			$1,325
Amortization 1	—			(2		)	(2		)
Servicing rights originated	46			—			46
Servicing rights purchased	77			—			77
Changes in fair value:
Due to changes in inputs and assumptions 2	(204		)	—			(204		)
Other changes in fair value 3	(43		)	—			(43		)
Servicing rights sold	(1		)	—			(1		)
Balance, March 31, 2016		$1,182			$16			$1,198

¹ Does not include expense associated with non-qualified community development investments. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.

² Primarily reflects changes in option adjusted spreads and prepayment speed assumptions, due to changes in interest rates.

³ Represents changes due to the collection of expected cash flows, net of accretion due to the passage of time.

⁴ Represents measurement period adjustment on other intangible assets previously acquired in Pillar acquisition. See Note 2, "Acquisitions/Dispositions," for additional information.

Servicing Rights

The Company acquires servicing rights and retains servicing rights for certain of its sales or securitizations of residential mortgage, consumer indirect, and commercial loans. MSRs on residential mortgage loans and servicing rights on commercial and consumer indirect loans are the only servicing assets capitalized by the Company and are classified within other intangible assets on the Company's Consolidated Balance Sheets.

Residential Mortgage Servicing Rights

Income earned by the Company on its residential MSRs is derived primarily from contractually specified mortgage servicing fees and late fees, net of curtailment costs. Such income earned for the three months ended March 31, 2017 and 2016 was $101 million and $87 million, respectively. These amounts are reported in mortgage servicing related income in the Consolidated Statements of Income.

At March 31, 2017 and December 31, 2016, the total UPB of residential mortgage loans serviced was $164.5 billion and $160.2 billion, respectively. Included in these amounts at March

31, 2017 and December 31, 2016 were $135.6 billion and $129.6 billion, respectively, of loans serviced for third parties. The Company purchased MSRs on residential loans with a UPB of $8.1 billion during the three months ended March 31, 2016. No MSRs on residential loans were purchased during the three months ended March 31, 2017. During the three months ended March 31, 2017 and 2016, the Company sold MSRs on residential loans, at a price approximating their fair value, with a UPB of $64 million and $221 million, respectively.

The Company measures the fair value of its residential MSRs using a valuation model that calculates the present value of estimated future net servicing income using prepayment projections, spreads, and other assumptions. Senior management and the STM valuation committee review all significant assumptions at least quarterly, comparing these inputs to various sources of market data. Changes to valuation model inputs are reflected in the periods' results. See Note 15, “Fair Value Election and Measurement,” for further information regarding the Company's MSR valuation methodology.

24

Notes to Consolidated Financial Statements (Unaudited), continued

A summary of the key inputs used to estimate the fair value of the Company’s residential MSRs at March 31, 2017 and December 31, 2016, and the sensitivity of the fair values to immediate 10% and 20% adverse changes in those inputs, are presented in the following table.

(Dollars in millions)	March 31, 2017			December 31, 2016
Fair value of MSRs		$1,645			$1,572
Prepayment rate assumption (annual)	13		%	9		%
Decline in fair value from 10% adverse change		$57			$50
Decline in fair value from 20% adverse change	109			97
Option adjusted spread (annual)	8		%	8		%
Decline in fair value from 10% adverse change		$76			$63
Decline in fair value from 20% adverse change	144			122
Weighted-average life (in years)	5.3			7.0
Weighted-average coupon	4.0		%	4.0		%

These residential MSR sensitivities are hypothetical and should be used with caution. Changes in fair value based on variations in assumptions generally cannot be extrapolated because (i) the relationship of the change in an assumption to the change in fair value may not be linear and (ii) changes in one assumption may result in changes in another, which might magnify or counteract the sensitivities. The sensitivities do not reflect the effect of hedging activity undertaken by the Company to offset changes in the fair value of MSRs. See Note 14, “Derivative Financial Instruments,” for further information regarding these hedging activities.

Consumer Loan Servicing Rights

In June 2015, the Company completed the securitization of $1.0 billion of indirect auto loans, with servicing rights retained, and recognized a $13 million servicing asset at the time of sale. See Note 9, “Certain Transfers of Financial Assets and Variable Interest Entities,” for additional information on the Company's securitization transactions.

Income earned by the Company on its consumer loan servicing rights is derived primarily from contractually specified servicing fees and other ancillary fees. Such income earned for the three months ended March 31, 2017 and 2016 was $1 million and $2 million, respectively, and is reported in other noninterest income in the Consolidated Statements of Income.

At March 31, 2017 and December 31, 2016, the total UPB of consumer indirect loans serviced for third parties was $448 million and $512 million, respectively. No consumer loan servicing rights were purchased or sold during the three months ended March 31, 2017 and 2016.

Consumer loan servicing rights are accounted for at amortized cost and are monitored for impairment on an ongoing basis. The Company calculates the fair value of consumer servicing rights using a valuation model that calculates the

present value of estimated future net servicing income considering prepayment projections and other assumptions. Impairment, if any, is recognized when changes in valuation model inputs reflect a fair value for the servicing asset that is below its respective carrying value. At March 31, 2017 and December 31, 2016, the amortized cost of the Company's consumer loan servicing rights was $3 million and $4 million, respectively.

Commercial Mortgage Servicing Rights

In December 2016, the Company completed the acquisition of substantially all of the assets of the operating subsidiaries of Pillar, and as a result, the Company recognized a $62 million servicing asset. See Note 2, "Acquisitions/Dispositions," for additional information on the Pillar acquisition.

Income earned by the Company on its commercial mortgage servicing rights is derived primarily from contractually specified servicing fees and other ancillary fees. Such income earned for the three months ended March 31, 2017 was $5 million and is reported in commercial real estate related income in the Consolidated Statements of Income. There was no income earned on commercial mortgage servicing rights for the three months ended March 31, 2016.

The Company also earns income from subservicing certain third party commercial mortgages for which the Company does not own servicing rights. Such income earned for the three months ended March 31, 2017 was $4 million and is reported in commercial real estate related income in the Consolidated Statements of Income. There was no income earned from such subservicing arrangements for the three months ended March 31, 2016.

At March 31, 2017 and December 31, 2016, the total UPB of commercial mortgage loans serviced for third parties was $28.7 billion and $27.7 billion, respectively. Included in these amounts at March 31, 2017 and December 31, 2016 were $5.0 billion and $4.8 billion, respectively, of loans serviced for third parties for which the Company owns servicing rights, and $23.7 billion and $22.9 billion, respectively, of loans subserviced for third parties for which the Company does not own servicing rights. No commercial mortgage servicing rights were purchased or sold during the three months ended March 31, 2017 and 2016.

Commercial mortgage servicing rights are accounted for at amortized cost and are monitored for impairment on an ongoing basis. The Company calculates the fair value of commercial servicing rights based on the present value of estimated future net servicing income, considering prepayment projections and other assumptions. Impairment, if any, is recognized when the carrying value of the servicing asset exceeds the fair value at the measurement date. The amortized cost and the fair value of the Company's commercial mortgage servicing rights were $63 million and $65 million, respectively, at March 31, 2017, and were both $62 million at December 31, 2016. The weighted average amortization period was 7.0 years at both March 31, 2017 and December 31, 2016.

25

Notes to Consolidated Financial Statements (Unaudited), continued

NOTE 9 - CERTAIN TRANSFERS OF FINANCIAL ASSETS AND VARIABLE INTEREST ENTITIES

The Company has transferred loans and securities in sale or securitization transactions for which the Company retains certain beneficial interests, servicing rights, and/or recourse. These transfers of financial assets include certain residential mortgage loans, commercial and corporate loans, and consumer loans, as discussed in the following section, "Transfers of Financial Assets." Cash receipts on beneficial interests held related to these transfers were $2 million and $3 million for the three months ended March 31, 2017 and 2016, respectively. The servicing fees related to these asset transfers (excluding servicing fees for residential and commercial mortgage loan transfers to GSEs, which are discussed in Note 8, “Goodwill and Other Intangible Assets”) were immaterial for both the three months ended March 31, 2017 and 2016.

When a transfer or other transaction occurs with a VIE, the Company first determines whether it has a VI in the VIE. A VI is typically in the form of securities representing retained interests in transferred assets and, at times, servicing rights, and for commercial mortgage loans sold to Fannie Mae, the loss share guarantee. When determining whether to consolidate the VIE, the Company evaluates whether it is a primary beneficiary which has both (i) the power to direct the activities that most significantly impact the economic performance of the VIE, and (ii) the obligation to absorb losses,or the right to receive benefits, that could potentially be significant to the VIE.

To determine whether a transfer should be accounted for as a sale or a secured borrowing, the Company evaluates whether: (i) the transferred assets are legally isolated, (ii) the transferee has the right to pledge or exchange the transferred assets, and (iii) the Company has relinquished effective control of the transferred assets. If all three conditions are met, then the transfer is accounted for as a sale.

Except as specifically noted herein, the Company is not required to provide additional financial support to any of the entities to which the Company has transferred financial assets, nor has the Company provided any support it was not otherwise obligated to provide. No events occurred during the three months ended March 31, 2017 that changed the Company’s previous conclusions regarding whether it is the primary beneficiary of the VIEs described herein. Furthermore, no events occurred during the three months ended March 31, 2017 that changed the Company’s sale conclusion with regards to previously transferred residential mortgage loans, indirect auto loans, student loans, or commercial and corporate loans.

Transfers of Financial Assets

The following discussion summarizes transfers of financial assets to entities for which the Company has retained some level of continuing involvement.

Residential Mortgage Loans

The Company typically transfers first lien residential mortgage loans in conjunction with Ginnie Mae, Fannie Mae, and Freddie Mac securitization transactions, whereby the loans are exchanged for cash or securities that are readily redeemable for cash, and servicing rights are retained.

The Company sold residential mortgage loans to Ginnie Mae, Fannie Mae, and Freddie Mac (collectively, "the Agencies"), which resulted in pre-tax net losses of $4 million and pre-tax net gains of $69 million for the three months ended March 31, 2017 and 2016, respectively. Net gains/losses on the sale of residential mortgage loans are recorded at inception of the associated IRLCs and reflect the change in value of the loans resulting from changes in interest rates from the time the Company enters into the related IRLCs with borrowers, but do not include the results of hedging activities initiated by the Company to mitigate this market risk. See Note 14, "Derivative Financial Instruments," for further discussion of the Company's hedging activities. The Company has made certain representations and warranties with respect to the transfer of these loans. See Note 13, “Guarantees,” for additional information regarding representations and warranties.

In a limited number of securitizations, the Company has received securities in addition to cash in exchange for the transferred loans, while also retaining servicing rights. The securities received are measured at fair value and classified as securities AFS. At March 31, 2017 and December 31, 2016, the fair value of securities received totaled $29 million and $30 million, respectively.

The Company evaluates securitization entities in which it has a VI for potential consolidation under the VIE consolidation model. Notwithstanding the Company's role as servicer, the Company typically does not have power over the securitization entities as a result of rights held by the master servicer. In certain transactions, the Company does have power as the servicer, but does not have an obligation to absorb losses, or the right to receive benefits, that could potentially be significant. In all such cases, the Company does not consolidate the securitization entity. Total assets of the unconsolidated entities in which the Company has a VI were $196 million and $203 million at March 31, 2017 and December 31, 2016, respectively.

The Company’s maximum exposure to loss related to these unconsolidated residential mortgage loan securitizations is comprised of the loss of value of any interests it retains, which was $29 million and $30 million at March 31, 2017 and December 31, 2016, respectively, and any repurchase obligations or other losses it incurs as a result of any guarantees related to these securitizations, which is discussed further in Note 13, “Guarantees.”

Commercial and Corporate Loans

In connection with the Pillar acquisition completed in December 2016, the Company acquired licenses and approvals to originate and sell certain commercial mortgage loans to Fannie Mae and Freddie Mac, to originate FHA insured loans, and to issue and sell Ginnie Mae commercial MBS backed by FHA insured loans. The Company transferred commercial loans to these Agencies, which resulted in pre-tax net gains of $9 million for the three months ended March 31, 2017. The loans are exchanged for cash or securities that are readily redeemable for cash, with servicing rights retained. The Company has made certain representations and warranties with respect to the transfer of these loans and has entered into a loss share guarantee related to certain loans transferred to Fannie Mae. See Note 13, “Guarantees,” for

26

Notes to Consolidated Financial Statements (Unaudited), continued

additional information regarding the commercial mortgage loan loss share guarantee.

In March 2017, the Company sold its immaterial preference share exposure in a CLO entity that owned commercial leveraged loans and bonds, certain of which were transferred to the entity by the Company. The CLO entity was a VIE and the Company was not the primary beneficiary because it did not possess the power to direct the activities that most significantly impact the economic performance of the entity. At December 31, 2016, total assets and total liabilities of the unconsolidated entity in which the Company had a VI were $185 million and $159 million, respectively. The Company's immaterial amount of preference share exposure at December 31, 2016, represented its maximum exposure to loss at December 31, 2016.

Consumer Loans

Guaranteed Student Loans

The Company has securitized government-guaranteed student loans through a transfer of loans to a securitization entity and retained the residual interest in the entity. The Company concluded that this entity should be consolidated because the Company has (i) the power to direct the activities that most significantly impact the economic performance of the VIE and (ii) the obligation to absorb losses, and the right to receive benefits, that could potentially be significant. At March 31, 2017 and December 31, 2016, the Company’s Consolidated Balance Sheets reflected $216 million and $225 million of assets held by the securitization entity and $214 million and $222 million of debt issued by the entity, respectively, inclusive of related accrued interest.

To the extent that the securitization entity incurs losses on its assets, the securitization entity has recourse to the guarantor of the underlying loan, which is backed by the Department of Education up to a maximum guarantee of 100%. When not fully guaranteed, losses reduce the amount of available cash payable to the Company as the owner of the residual interest. To the extent

that losses result from a breach of servicing responsibilities, the Company, which functions as the master servicer, may be required to repurchase the defaulting loan(s) at par value. If the breach was caused by the subservicer, the Company would seek reimbursement from the subservicer up to the guaranteed amount. The Company’s maximum exposure to loss related to the securitization entity would arise from a breach of its servicing responsibilities. To date, loss claims filed with the guarantor that have been denied due to servicing errors have either been, or are in the process of, being cured, or reimbursement has been provided to the Company by the subservicer, or in limited cases, absorbed by the Company.

Indirect Auto Loans

In June 2015, the Company transferred indirect auto loans to a securitization entity, which was determined to be a VIE, and accounted for the transfer as a sale. The Company retained servicing rights for the transferred loans, but did not retain any debt or equity interest in the securitization entity. The fees received for servicing do not represent a VI and, therefore, the Company does not consolidate the securitization entity. See Note 8, "Goodwill and Other Intangible Assets," for additional information regarding the servicing asset recognized in this transaction.

To the extent that losses on the transferred loans are the result of a breach of representations and warranties related to either the initial transfer or the Company's ongoing servicing responsibilities, the Company may be obligated to either cure the breach or repurchase the affected loans. The Company’s maximum exposure to loss related to the loans transferred to the securitization entity would arise from a breach of representations and warranties and/or a breach of the Company's servicing obligations. Potential losses suffered by the securitization entity that the Company may be liable for are limited to approximately $448 million, which reflects the total remaining UPB of transferred loans and the carrying value of the servicing asset.

27

Notes to Consolidated Financial Statements (Unaudited), continued

The Company's total managed loans, including the LHFI portfolio and other transferred loans (securitized and unsecuritized), are presented in the following table by portfolio balance and delinquency status (accruing loans 90 days or more past due and all nonaccrual loans) at March 31, 2017 and December 31, 2016, as well as the related net charge-offs for the three months ended March 31, 2017 and 2016.

	Portfolio Balance				Past Due and Nonaccrual				Net Charge-offs
	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		Three Months Ended March 31
(Dollars in millions)									2017			2016
LHFI portfolio:
Commercial		$78,253		$78,224		$365		$426		$50			$22
Residential	38,550		38,990		761		758		20			35
Consumer	26,726		26,084		890		949		42			28
Total LHFI portfolio	143,529		143,298		2,016		2,133		112			85
Managed securitized loans 1:
Commercial 2	5,060		4,761		—		—		—			—
Residential	132,805		126,641		131		114		2		3	2		3
Consumer	448		512		1		1		1			1
Total managed securitized loans	138,313		131,914		132		115		3			3
Managed unsecuritized loans 4	2,828		2,985		415		438		—			—
Total managed loans		$284,670		$278,197		$2,563		$2,686		$115			$88

¹ Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

² Comprised of commercial mortgages sold through Fannie Mae, Freddie Mac, and Ginnie Mae securitizations, whereby servicing has been retained by the Company.

³ Net charge-offs are associated with $392 million and $410 million of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively. Net charge-off data is not reported to the Company for the remaining balance of $132.4 billion and $126.2 billion of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively.

⁴ Comprised of unsecuritized residential loans the Company originated and sold to private investors with servicing rights retained. Net charge-offs on these loans are not presented in the table as the data is not reported to the Company by the private investors that own these related loans.

Other Variable Interest Entities

In addition to exposure to VIEs arising from transfers of financial assets, the Company also has involvement with VIEs from other business activities.

Total Return Swaps

The outstanding notional amounts of the Company's VIE-facing TRS contracts and related senior financing outstanding to VIEs were $2.1 billion at both March 31, 2017 and December 31, 2016. These financings were measured at fair value and classified within trading assets and derivative instruments on the Consolidated Balance Sheets. The Company entered into client-facing TRS contracts of the same outstanding notional amounts. The notional amounts of the TRS contracts with VIEs represent the Company’s maximum exposure to loss, although this exposure has been mitigated via the TRS contracts with third party clients. For additional information on the Company’s TRS contracts and its involvement with these VIEs, see Note 14, “Derivative Financial Instruments,” in this Form 10-Q, as well as Note 10, "Certain Transfers of Financial Assets and Variable Interest Entities," to the Company's 2016 Annual Report on Form 10-K.

Community Development Investments

As part of its community reinvestment initiatives, the Company invests in multi-family affordable housing developments and other community development entities as a limited and/or general partner and/or a debt provider. The Company receives tax credits for its limited partner investments. The Company has determined that the majority of the related partnerships are VIEs.

In limited circumstances, the Company owns both the limited partner and general partner interests, in which case the

related partnerships are not considered VIEs and are consolidated by the Company. During the three months ended March 31, 2017, two community development properties with a carrying value of $1 million were sold for gains of $4 million, and the Company no longer owns consolidated community development properties at March 31, 2017. There were no properties sold during the three months ended March 31, 2016.

The Company has concluded that it is not the primary beneficiary of affordable housing partnerships when it invests as a limited partner and there is a third party general partner. The investments are accounted for in accordance with the accounting guidance for investments in affordable housing projects. The general partner, or an affiliate of the general partner, often provides guarantees to the limited partner, which protects the Company from construction and operating losses and tax credit allocation deficits. Assets of $1.9 billion and $1.7 billion in these and other community development partnerships were not included in the Consolidated Balance Sheets at March 31, 2017 and December 31, 2016, respectively. The Company's limited partner interests had carrying values of $834 million and $780 million at March 31, 2017 and December 31, 2016, respectively, and are recorded in other assets on the Company’s Consolidated Balance Sheets. The Company’s maximum exposure to loss for these investments totaled $1.2 billion and $1.1 billion at March 31, 2017 and December 31, 2016, respectively. The Company’s maximum exposure to loss would result from the loss of its limited partner investments, net of liabilities, along with $338 million and $306 million of loans, interest-rate swap fair value exposures, or letters of credit issued by the Company to the entities at March 31, 2017 and December 31, 2016, respectively. The remaining exposure to loss is primarily attributable to

28

Notes to Consolidated Financial Statements (Unaudited), continued

unfunded equity commitments that the Company is required to fund if certain conditions are met.

The Company also owns noncontrolling interests in funds whose purpose is to invest in community developments. At March 31, 2017 and December 31, 2016, the Company's investment in these funds totaled $217 million and $200 million, respectively. The Company's maximum exposure to loss on its investment in these funds is comprised of its equity investments in the funds, loans issued, and any additional unfunded equity commitments, which totaled $612 million and $562 million at March 31, 2017 and December 31, 2016, respectively.

During the three months ended March 31, 2017 and 2016, the Company recognized $25 million and $19 million of tax credits for qualified affordable housing projects, and $24 million

and $19 million of amortization on these qualified affordable housing projects, respectively. These tax credits and amortization, net of the related tax benefits, are recorded in the provision for income taxes.

Certain of the Company's community development investments do not qualify as affordable housing projects for accounting purposes. The Company recognized tax credits for these investments of $17 million and $13 million during the three months ended March 31, 2017 and 2016, respectively, in the provision for income taxes. Amortization on these investments totaled $12 million and $9 million during the three months ended March 31, 2017 and 2016, respectively, recognized in amortization in the Company's Consolidated Statements of Income.

NOTE 10 – NET INCOME PER COMMON SHARE

Equivalent shares of less than 1 million and 8 million related to common stock options and common stock warrants outstanding at March 31, 2017 and 2016, respectively, were excluded from the computations of diluted net income per average common share because they would have been anti-dilutive.

Reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding are presented in the following table.

	Three Months Ended March 31
(Dollars and shares in millions, except per share data)	2017			2016
Net income		$468			$447
Preferred dividends	(17		)	(17		)
Dividends and undistributed earnings allocated to unvested shares	—			—
Net income available to common shareholders		$451			$430
Average basic common shares	490			505
Effect of dilutive securities:
Stock options	1			2
Restricted stock, RSUs, and warrants	5			3
Average diluted common shares	496			510
Net income per average common share - diluted		$0.91			$0.84
Net income per average common share - basic	0.92			0.85

NOTE 11 - INCOME TAXES

For the three months ended March 31, 2017 and 2016, the provision for income taxes was $159 million and $195 million, representing effective tax rates of 25% and 30%, respectively. The effective tax rate for the three months ended March 31, 2017 was favorably impacted by a $22 million discrete income tax benefit related to share-based compensation.

The provision for income taxes includes both federal and state income taxes and differs from the provision using statutory

rates due primarily to favorable permanent tax items such as interest income from lending to tax-exempt entities, tax credits from community reinvestment activities, and amortization expense related to qualified affordable housing investment costs. The Company calculated the provision for income taxes for the three months ended March 31, 2017 and 2016 by applying the estimated annual effective tax rate to year-to-date pre-tax income and adjusting for discrete items that occurred during the period.

29

Notes to Consolidated Financial Statements (Unaudited), continued

NOTE 12 - EMPLOYEE BENEFIT PLANS

The Company sponsors various compensation and benefit programs to attract and retain talent. Aligned with a pay for performance culture, the Company's plans and programs include short-term incentives, AIP, and various LTI plans. See Note 15,

“Employee Benefit Plans,” to the Company's 2016 Annual Report on Form 10-K for additional information regarding the Company's employee benefit plans.

Stock-based compensation expense recognized in noninterest expense consisted of the following:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
RSUs		$34		$18
Phantom stock units 1	24		7
Restricted stock	—		2
Total stock-based compensation		$58		$27
Stock-based compensation tax benefit		$22		$10

¹ Phantom stock units are settled in cash.

Components of net periodic benefit related to the Company's pension and other postretirement benefits plans are presented in the following table:

	Three Months Ended March 31
	Pension Benefits 1						Other Postretirement Benefits
(Dollars in millions)	2017			2016			2017			2016
Service cost		$1			$1			$—			$—
Interest cost	24			24			—			—
Expected return on plan assets	(48		)	(46		)	(1		)	(1		)
Amortization of prior service credit	—			—			(1		)	(1		)
Amortization of actuarial loss	6			6			—			—
Net periodic benefit		($17	)		($15	)		($2	)		($2	)

¹ Administrative fees are recognized in service cost for each of the periods presented.

NOTE 13 – GUARANTEES

The Company has undertaken certain guarantee obligations in the ordinary course of business. The issuance of a guarantee imposes an obligation for the Company to stand ready to perform and make future payments should certain triggering events occur. Payments may be in the form of cash, financial instruments, other assets, shares of stock, or through provision of the Company’s services. The following is a discussion of the guarantees that the Company has issued at March 31, 2017. The Company has also entered into certain contracts that are similar to guarantees, but that are accounted for as derivative instruments as discussed in Note 14, “Derivative Financial Instruments.”

Letters of Credit

Letters of credit are conditional commitments issued by the Company, generally to guarantee the performance of a client to a third party in borrowing arrangements, such as CP, bond financing, or similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients but may be reduced by

selling participations to third parties. The Company issues letters of credit that are classified as financial standby, performance standby, or commercial letters of credit.

At March 31, 2017 and December 31, 2016, the Company's maximum potential exposure for issued financial and performance standby letters of credit was $2.8 billion and $2.9 billion , respectively. The Company’s outstanding letters of credit generally have a term of more than one year. Some standby letters of credit are designed to be drawn upon in the normal course of business and others are drawn upon only in circumstances of dispute or default in the underlying transaction to which the Company is not a party. In all cases, the Company is entitled to reimbursement from the client. If a letter of credit is drawn upon and reimbursement is not provided by the client, the Company may take possession of the collateral securing the letter of credit, where applicable.

The Company monitors its credit exposure under standby letters of credit in the same manner as it monitors other extensions of credit in accordance with its credit policies.

30

Notes to Consolidated Financial Statements (Unaudited), continued

Consistent with the methodologies used for all commercial borrowers, an internal assessment of the PD and loss severity in the event of default is performed. The management of credit risk for letters of credit leverages the risk rating process to focus greater visibility on higher risk and/or higher dollar letters of credit. The allowance for credit losses associated with letters of credit is a component of the unfunded commitments reserve recorded in other liabilities on the Consolidated Balance Sheets and is included in the allowance for credit losses as disclosed in Note 7, “Allowance for Credit Losses.” Additionally, unearned fees relating to letters of credit are recorded in other liabilities on the Consolidated Balance Sheets. The net carrying amount of unearned fees was immaterial at both March 31, 2017 and December 31, 2016.

Loan Sales and Servicing

STM, a consolidated subsidiary of the Company, originates and purchases residential mortgage loans, a portion of which are sold to outside investors in the normal course of business through a combination of whole loan sales to GSEs, Ginnie Mae, and non-agency investors. In connection with the December 2016 acquisition of Pillar, the Company also originates and sells certain commercial mortgage loans to Fannie Mae and Freddie Mac, originates FHA insured loans, and issues and sells Ginnie Mae commercial MBS backed by FHA insured loans.

When residential loans are sold, representations and warranties regarding certain attributes of the loans are made to third party purchasers. Subsequent to the sale, if a material underwriting deficiency or documentation defect is discovered, the Company may be obligated to repurchase the loan or to reimburse an investor for losses incurred (make whole requests), if such deficiency or defect cannot be cured by the Company within the specified period following discovery. Additionally, servicing representations and warranties can result in loan repurchases, as well as adversely affect the valuation of servicing rights, servicing advances, or other loan-related exposures, such as OREO. These representations and warranties may extend through the life of the loan. The Company’s risk of loss under its representations and warranties is partially driven by borrower payment performance since investors will perform extensive reviews of delinquent loans as a means of mitigating losses.

Loans sold to Ginnie Mae are insured by the FHA or are guaranteed by the VA. As servicer, the Company may elect to repurchase delinquent loans in accordance with Ginnie Mae guidelines; however, the loans continue to be insured. The Company may also indemnify the FHA and VA for losses related to loans not originated in accordance with their guidelines.

The Company previously reached agreements with Freddie Mac and Fannie Mae that relieve the Company of certain existing and future repurchase obligations related to loans sold from 2000-2008 to Freddie Mac and loans sold from 2000-2012 to Fannie Mae. The Company experienced significantly fewer repurchase claims and losses related to loans sold since 2009, relative to pre-2009 vintages, as a result of stronger credit performance, more stringent credit guidelines, and underwriting process improvements.

Repurchase requests from GSEs, Ginnie Mae, and non-agency investors, for all vintages, are presented in the following table that summarizes demand activity.

	Three Months Ended March 31
(Dollars in millions)	2017			2016
Pending repurchase requests, beginning of period		$14			$17
Repurchase requests received	10			11
Repurchase requests resolved:
Repurchased	(4		)	(5		)
Cured	(14		)	(9		)
Total resolved	(18		)	(14		)
Pending repurchase requests, end of period 1		$6			$14
Percent from non-agency investors:
Pending repurchase requests, end of period	11.5		%	32.6		%
Repurchase requests received	6.8		%	—		%

¹ Comprised of $5 million and $9 million from the GSEs, and $1 million and $5 million from non-agency investors at March 31, 2017 and 2016, respectively.

The repurchase and make whole requests received have been due primarily to alleged material breaches of representations related to compliance with the applicable underwriting standards, including borrower misrepresentation and appraisal issues. The Company performs a loan-by-loan review of all requests and contests demands to the extent they are not considered valid.

The following table summarizes the changes in the Company’s reserve for residential mortgage loan repurchases:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
Balance, beginning of period		$40		$57
Repurchase provision/(benefit)	—		(2		)
Balance, end of period		$40		$55

A significant degree of judgment is used to estimate the mortgage repurchase liability as the estimation process is inherently uncertain and subject to imprecision. The Company believes that its reserve appropriately estimates incurred losses based on its current analysis and assumptions, inclusive of the Freddie Mac and Fannie Mae settlement agreements, GSE owned loans serviced by third party servicers, loans sold to private investors, and other indemnifications.

Notwithstanding the aforementioned agreements with Freddie Mac and Fannie Mae settling certain aspects of the Company's repurchase obligations, those institutions preserve their right to require repurchases arising from certain types of events, and that preservation of rights can impact future losses of the Company. While the mortgage repurchase reserve includes the estimated cost of settling claims related to required repurchases, the Company's estimate of losses depends on its assumptions regarding GSE and other counterparty behavior, loan performance, home prices, and other factors. The liability is recorded in other liabilities on the Consolidated Balance Sheets, and the related repurchase provision/(benefit) is recognized in mortgage production related income in the Consolidated Statements of Income. See Note 16, "Contingencies," for additional information on current legal matters related to loan sales.

31

Notes to Consolidated Financial Statements (Unaudited), continued

The following table summarizes the carrying value of the Company's outstanding repurchased mortgage loans:

(Dollars in millions)	March 31, 2017		December 31, 2016
Outstanding repurchased mortgage loans:
Performing LHFI		$222		$230
Nonperforming LHFI	13		12
Total carrying value of outstanding repurchased mortgage loans		$235		$242

In addition to representations and warranties related to loan sales, the Company makes representations and warranties that it will service the loans in accordance with investor servicing guidelines and standards, which may include (i) collection and remittance of principal and interest, (ii) administration of escrow for taxes and insurance, (iii) advancing principal, interest, taxes, insurance, and collection expenses on delinquent accounts, (iv) loss mitigation strategies including loan modifications, and (v) foreclosures.

The Company normally retains servicing rights when loans are transferred; however, servicing rights are occasionally sold to third parties. When servicing rights are sold, the Company makes representations and warranties related to servicing standards and obligations, and records a liability for contingent losses in other liabilities on the Consolidated Balance Sheets. This liability, which is separate from the mortgage repurchase reserve and separate from the commercial mortgage loan loss share guarantee described below, totaled $6 million and $7 million at March 31, 2017 and December 31, 2016, respectively.

Commercial Mortgage Loan Loss Share Guarantee

In connection with the December 2016 acquisition of Pillar, the Company assumed a loss share obligation associated with the terms of a master loss sharing agreement with Fannie Mae for multi-family commercial mortgage loans that were sold by Pillar to Fannie Mae under Fannie Mae’s delegated underwriting and servicing program. Upon the acquisition of Pillar, the Company entered into a lender contract amendment with Fannie Mae for multi-family commercial mortgage loans that Pillar sold to Fannie Mae prior to acquisition and that the Company sold to Fannie Mae subsequent to acquisition, whereby the Company bears a risk of loss of up to one-third of the incurred losses resulting from borrower defaults. The breach of any representation or warranty related to a loan sold to Fannie Mae could increase the Company's level of risk-sharing associated with the loan. The outstanding UPB of loans sold subject to the loss share guarantee was $3.1 billion and $2.9 billion at March 31, 2017 and December 31, 2016, respectively. The potential maximum exposure to loss was $869 million and $787 million at March 31, 2017 and December 31, 2016, respectively. Using probability of default and severity of loss estimates, the Company's loss share liability was $6 million at both March 31, 2017 and December 31, 2016 and is recorded in other liabilities.

Visa

The Company executes credit and debit transactions through Visa and MasterCard. The Company is a defendant, along with Visa and MasterCard (the “Card Associations”), as well as several other banks, in one of several antitrust lawsuits

challenging the practices of the Card Associations (the “Litigation”). The Company entered into judgment and loss sharing agreements with Visa and certain other banks in order to apportion financial responsibilities arising from any potential adverse judgment or negotiated settlements related to the Litigation. Additionally, in connection with Visa's restructuring in 2007, shares of Visa common stock were issued to its financial institution members and the Company received its proportionate number of shares of Visa Inc. common stock, which were subsequently converted to Class B shares of Visa Inc. upon completion of Visa’s IPO in 2008. A provision of the original Visa By-Laws, which was restated in Visa's certificate of incorporation, contains a general indemnification provision between a Visa member and Visa that explicitly provides that each member's indemnification obligation is limited to losses arising from its own conduct and the specifically defined Litigation. While the district court approved a class action settlement of the Litigation in 2012, the U.S. Court of Appeals for the Second Circuit reversed the district court's approval of the settlement on June 30, 2016. The U.S. Supreme Court denied plaintiffs' petition for certiorari on March 27, 2017. As such, the case will return to the district court for further action.

Agreements associated with Visa's IPO have provisions that Visa will fund a litigation escrow account, established for the purpose of funding judgments in, or settlements of, the Litigation. If the escrow account is insufficient to cover the Litigation losses, then Visa will issue additional Class A shares (“loss shares”). The proceeds from the sale of the loss shares would then be deposited in the escrow account. The issuance of the loss shares will cause a dilution of Visa's Class B shares as a result of an adjustment to lower the conversion factor of the Class B shares to Class A shares. Visa U.S.A.'s members are responsible for any portion of the settlement or loss on the Litigation after the escrow account is depleted and the value of the Class B shares is fully diluted.

In May 2009, the Company sold its 3.2 millionClass B shares to the Visa Counterparty and entered into a derivative with the Visa Counterparty. Under the derivative, the Visa Counterparty is compensated by the Company for any decline in the conversion factor as a result of the outcome of the Litigation. Conversely, the Company is compensated by the Visa Counterparty for any increase in the conversion factor. The amount of payments made or received under the derivative is a function of the 3.2 million shares sold to the Visa Counterparty, the change in conversion rate, and Visa’s share price. The Visa Counterparty, as a result of its ownership of the Class B shares, is impacted by dilutive adjustments to the conversion factor of the Class B shares caused by the Litigation losses. Additionally, the Company will make periodic payments based on the notional of the derivative and a fixed rate until the date on which the Litigation is settled. The fair value of the derivative is estimated based on unobservable inputs consisting of management's estimate of the probability of certain litigation scenarios and the timing of the resolution of the Litigation due in large part to the aforementioned decision by the U.S. Court of Appeals for the Second Circuit. The fair value of the derivative liability was $15 million at both March 31, 2017 and December 31, 2016. The fair value of the derivative is estimated based on the Company's expectations regarding the ultimate resolution of the Litigation.

32

Notes to Consolidated Financial Statements (Unaudited), continued

The ultimate impact to the Company could be significantly different based on the Litigation outcome.

NOTE 14 - DERIVATIVE FINANCIAL INSTRUMENTS

The Company enters into various derivative financial instruments, both in a dealer capacity to facilitate client transactions and as an end user as a risk management tool. The ALCO monitors all risk management derivative activities. When derivatives have been entered into with clients, the Company generally manages the risk associated with these derivatives within the framework of its VAR methodology that monitors total daily exposure and seeks to manage the exposure on an overall basis. Derivatives are also used as a risk management tool to hedge the Company’s balance sheet exposure to changes in identified cash flow and fair value risks, either economically or in accordance with hedge accounting provisions. The Company’s Corporate Treasury function is responsible for employing the various hedge strategies to manage these objectives. The Company enters into IRLCs on residential and commercial mortgage loans that are accounted for as freestanding derivatives. Additionally, certain contracts containing embedded derivatives are measured, in their entirety, at fair value. All freestanding derivatives and any embedded derivatives that the Company bifurcates from the host contracts are measured at fair value in the Consolidated Balance Sheets in trading assets and derivative instruments and trading liabilities and derivative instruments. The associated gains and losses are either recognized in AOCI, net of tax, or within the Consolidated Statements of Income, depending upon the use and designation of the derivatives.

Credit and Market Risk Associated with Derivative Instruments

Derivatives expose the Company to risk that the counterparty to the derivative contract does not perform as expected. The Company manages its exposure to counterparty credit risk associated with derivatives by entering into transactions with counterparties with defined exposure limits based on their credit quality and in accordance with established policies and procedures. All counterparties are reviewed regularly as part of the Company’s credit risk management practices and appropriate action is taken to adjust the exposure limits to certain counterparties as necessary. The Company’s derivative transactions may also be governed by ISDA agreements or other legally enforceable industry standard master netting agreements. In certain cases and depending on the nature of the underlying derivative transactions, bilateral collateral agreements are also utilized. Furthermore, the Company and its subsidiaries are subject to OTC derivative clearing requirements, which require certain derivatives to be cleared through central clearinghouses, such as LCH.Clearnet Limited ("LCH") and the CME. These clearinghouses require the Company to post initial and variation margin to mitigate the risk of non-payment, the latter of which is received or paid daily based on the net asset or liability position of the contracts. Effective January 3, 2017, the CME amended its rulebook to legally characterize variation margin cash payments for cleared OTC derivatives as settlement rather than as collateral. As a result, in the first quarter of 2017, the Company

began reducing the corresponding derivative asset and liability balances for CME-cleared OTC derivatives to reflect the settlement of those positions via the exchange of variation margin. Variation margin payments for LCH-cleared OTC derivatives continue to be subject to collateral accounting and characterized by the Company as collateral.

When the Company has more than one outstanding derivative transaction with a single counterparty, and there exists a legal right of offset with that counterparty, the Company considers its exposure to the counterparty to be the net fair value of its derivative positions with that counterparty. If the net fair value is positive, then the corresponding asset value also reflects cash collateral held. At March 31, 2017, these net asset positions were $626 million, reflecting $950 million of net derivative gains, adjusted for cash and other collateral of $324 million that the Company held in relation to these positions. At December 31, 2016, reported net derivative assets were $774 million, reflecting $1.1 billion of net derivative gains, adjusted for cash and other collateral held of $339 million.

Derivatives also expose the Company to market risk arising from the adverse effects that changes in market factors, such as interest rates, currency rates, equity prices, commodity prices, or implied volatility, may have on the value of a derivative. The Company manages this risk by establishing and monitoring limits on the types and degree of risk that may be undertaken. The Company measures its market risk exposure using a VAR methodology for derivatives designated as trading instruments. Other tools and risk measures are also used to actively manage risk associated with derivatives including scenario analysis and stress testing.

Derivative instruments are priced using observable market inputs at a mid-market valuation point and take into consideration appropriate valuation adjustments for collateral, market liquidity, and counterparty credit risk. For purposes of determining fair value adjustments to its OTC derivative positions, the Company takes into consideration the credit profile and likelihood of default by counterparties and itself, as well as its net exposure, which considers legally enforceable master netting agreements and collateral along with remaining maturities. The expected loss of each counterparty is estimated using market-based views of counterparty default probabilities observed in the single-name CDS market, when available and of sufficient liquidity. When single-name CDS market data is not available or not of sufficient liquidity, the probability of default is estimated using a combination of the Company's internal risk rating system and sector/rating based CDS data.

For purposes of estimating the Company’s own credit risk on derivative liability positions, the DVA, the Company uses probabilities of default from observable, sector/rating based CDS data. The Company adjusted the net fair value of its derivative contracts for estimates of counterparty credit risk by approximately $7 million and $6 million at March 31, 2017 and December 31, 2016, respectively. For additional information on

33

Notes to Consolidated Financial Statements (Unaudited), continued

the Company's fair value measurements, see Note 15, "Fair Value Election and Measurement."

Currently, the majority of the Company’s derivatives contain contingencies that relate to the creditworthiness of the Bank. These contingencies, which are contained in industry standard master netting agreements, may be considered events of default. Should the Bank be in default under any of these provisions, the Bank’s counterparties would be permitted to close out transactions with the Bank on a net basis, at amounts that would approximate the fair values of the derivatives, resulting in a single sum due by one party to the other. The counterparties would have the right to apply any collateral posted by the Bank against any net amount owed by the Bank. Additionally, certain of the Company’s derivative liability positions, totaling $1.2 billion and $1.1 billion in fair value at March 31, 2017 and December 31, 2016, respectively, contain provisions conditioned on downgrades of the Bank’s credit rating. These provisions, if triggered, would either give rise to an ATE that permits the counterparties to close-out net and apply collateral or, where a CSA is present, require the Bank to post additional collateral. At March 31, 2017, the Bank held senior long-term debt credit ratings of Baal/A-/A- from Moody’s, S&P, and Fitch, respectively. At March 31, 2017, ATEs have been triggered for less than $1 million in fair value liabilities. The maximum additional liability that could be triggered from ATEs was approximately $14 million at March 31, 2017. At March 31, 2017, $1.2 billion in fair value of derivative liabilities were subject to CSAs, against which the Bank has posted $1.1 billion in collateral, primarily in the form of cash. If requested by the counterparty pursuant to the terms of the CSA, the Bank would be required to post additional collateral of approximately $2

million against these contracts if the Bank were downgraded to Baa3/BBB-. Further downgrades to Ba1/BB+ or below would require the Bank to post an additional $7 million of collateral.

Notional and Fair Value of Derivative Positions

The following tables present the Company’s derivative positions at March 31, 2017 and December 31, 2016. The notional amounts in the tables are presented on a gross basis and have been classified within derivative assets or derivative liabilities based on the estimated fair value of the individual contract at March 31, 2017 and December 31, 2016. Gross positive and gross negative fair value amounts associated with respective notional amounts are presented without consideration of any netting agreements, including collateral arrangements. Net fair value derivative amounts are adjusted on an aggregate basis, where applicable, to take into consideration the effects of legally enforceable master netting agreements, including any cash collateral received or paid, and are recognized in trading assets and derivative instruments or trading liabilities and derivative instruments on the Consolidated Balance Sheets. For contracts constituting a combination of options that contain a written option and a purchased option (such as a collar), the notional amount of each option is presented separately, with the purchased notional amount generally being presented as a derivative asset and the written notional amount being presented as a derivative liability. For contracts that contain a combination of options, the fair value is generally presented as a single value with the purchased notional amount if the combined fair value is positive, and with the written notional amount if the combined fair value is negative.

34

Notes to Consolidated Financial Statements (Unaudited), continued

	March 31, 2017
	Asset Derivatives					Liability Derivatives
(Dollars in millions)	Notional Amounts		Fair Value			Notional Amounts		Fair Value
Derivative instruments designated in cash flow hedging relationships 1
Interest rate contracts hedging floating rate loans		$4,850		$4			$10,600		$248
Derivative instruments designated in fair value hedging relationships 2
Interest rate contracts hedging fixed rate debt	1,250		6			3,660		42
Interest rate contracts hedging brokered CDs	30		—			60		—
Total	1,280		6			3,720		42
Derivative instruments not designated as hedging instruments 3
Interest rate contracts hedging:
MSRs 4	9,608		84			20,242		115
LHFS, IRLCs 5	3,718		16			6,649		25
LHFI	110		2			51		1
Trading activity 6	67,926		1,253			68,532		1,165
Foreign exchange rate contracts hedging trading activity	3,598		119			3,632		112
Credit contracts hedging:
Loans	15		—			495		6
Trading activity 7	2,107		28			2,125		24
Equity contracts hedging trading activity 6	22,852		2,290			36,432		2,684
Other contracts:
IRLCs and other 8	2,618		32			239		15
Commodity derivatives	831		53			828		50
Total	113,383		3,877			139,225		4,197
Total derivative instruments		$119,513		$3,887			$153,545		$4,487
Total gross derivative instruments, before netting				$3,887					$4,487
Less: Legally enforceable master netting agreements			(2,747		)			(2,747		)
Less: Cash collateral received/paid			(277		)			(1,379		)
Total derivative instruments, after netting				$863					$361

¹ See “Cash Flow Hedges” in this Note for further discussion.

² See “Fair Value Hedges” in this Note for further discussion.

³ See “Economic Hedging and Trading Activities” in this Note for further discussion.

⁴ Amount includes $7.9 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁵ Amount includes $913 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁶ Amounts include $11.6 billion of notional amounts related to interest rate futures and $710 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

⁷ Asset and liability amounts include $4 million and $12 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

⁸ Includes $49 million notional amount that is based on the 3.2 million of VisaClass B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

35

Notes to Consolidated Financial Statements (Unaudited), continued

	December 31, 2016
	Asset Derivatives					Liability Derivatives
(Dollars in millions)	Notional Amounts		Fair Value			Notional Amounts		Fair Value
Derivative instruments designated in cash flow hedging relationships 1
Interest rate contracts hedging floating rate loans		$6,400		$34			$11,050		$265
Derivative instruments designated in fair value hedging relationships 2
Interest rate contracts hedging fixed rate debt	600		2			4,510		81
Interest rate contracts hedging brokered CDs	60		—			30		—
Total	660		2			4,540		81
Derivative instruments not designated as hedging instruments 3
Interest rate contracts hedging:
MSRs 4	12,165		413			18,774		335
LHFS, IRLCs 5	11,774		134			8,306		58
LHFI	100		2			36		1
Trading activity 6	70,599		1,536			67,477		1,401
Foreign exchange rate contracts hedging trading activity	3,231		161			3,360		148
Credit contracts hedging:
Loans	15		—			620		8
Trading activity 7	2,128		34			2,271		33
Equity contracts hedging trading activity 6	23,164		2,095			35,312		2,477
Other contracts:
IRLCs and other 8	2,412		28			668		22
Commodity derivatives	747		75			746		73
Total	126,335		4,478			137,570		4,556
Total derivative instruments		$133,395		$4,514			$153,160		$4,902
Total gross derivative instruments, before netting				$4,514					$4,902
Less: Legally enforceable master netting agreements			(3,239		)			(3,239		)
Less: Cash collateral received/paid			(291		)			(1,265		)
Total derivative instruments, after netting				$984					$398

¹ See “Cash Flow Hedges” in this Note for further discussion.

² See “Fair Value Hedges” in this Note for further discussion.

³ See “Economic Hedging and Trading Activities” in this Note for further discussion.

⁴ Amount includes $6.7 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁵ Amount includes $720 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁶ Amounts include $12.3 billion of notional amounts related to interest rate futures and $629 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

⁷ Asset and liability amounts include $5 million and $13 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

⁸ Includes $49 million notional amount that is based on the 3.2 million of VisaClass B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

36

Notes to Consolidated Financial Statements (Unaudited), continued

Impact of Derivative Instruments on the Consolidated Statements of Income and Shareholders’ Equity

The impacts of derivative instruments on the Consolidated Statements of Income and the Consolidated Statements of Shareholders’ Equity for the three months ended March 31 are presented in the following tables. The impacts are segregated between derivatives that are designated in hedge accounting

relationships and those that are used for economic hedging or trading purposes, with further identification of the underlying risks in the derivatives and the hedged items, where appropriate. The tables do not disclose the financial impact of the activities that these derivative instruments are intended to hedge.

	Three Months Ended March 31, 2017
(Dollars in millions)	Amount of  Pre-tax Loss Recognized in OCI on Derivatives (Effective Portion)			Amount of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)		Classification of Pre-tax Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging floating rate loans 1		($25	)		$23	Interest and fees on loans

¹ During the three months endedMarch 31, 2017, the Company also reclassified $18 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

	Three Months Ended March 31, 2017
(Dollars in millions)	Amount of Loss on Derivatives Recognized in Income			Amount of Gain on Related Hedged Items Recognized in Income		Amount of Gain Recognized in Income on Hedges (Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1		($11	)		$13		$2
Interest rate contracts hedging brokered CDs 1	—			—		—
Total		($11	)		$13		$2

¹ Amounts are recognized in trading income in the Consolidated Statements of Income.

(Dollars in millions)	Classification of (Loss)/Gain Recognized in Income on Derivatives	Amount of (Loss)/Gain Recognized in Income on Derivatives During the Three Months Ended March 31, 2017
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs	Mortgage servicing related income		($18	)
LHFS, IRLCs	Mortgage production related income	(15		)
Trading activity	Trading income	11
Foreign exchange rate contracts hedging trading activity	Trading income	(6		)
Credit contracts hedging:
Loans	Other noninterest income	(1		)
Trading activity	Trading income	5
Other contracts:
IRLCs and other	Mortgage production related income, Commercial real estate related income	48
Commodity derivatives	Trading income	1
Total			$25

37

Notes to Consolidated Financial Statements (Unaudited), continued

	Three Months Ended March 31, 2016
(Dollars in millions)	Amount of  Pre-tax Gain Recognized in OCI on Derivatives (Effective Portion)		Amount of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)		Classification of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging floating rate loans 1		$306		$38	Interest and fees on loans

¹ During the three months endedMarch 31, 2016, the Company also reclassified $29 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

	Three Months Ended March 31, 2016
(Dollars in millions)	Amount of Loss on Derivatives Recognized in Income			Amount of Gain on Related Hedged Items Recognized in Income		Amount of Gain Recognized in Income on Hedges (Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1		($2	)		$3		$1
Interest rate contracts hedging brokered CDs 1	—			—		—
Total		($2	)		$3		$1

¹ Amounts are recognized in trading income in the Consolidated Statements of Income.

(Dollars in millions)	Classification of Gain/(Loss) Recognized in Income on Derivatives	Amount of Gain/(Loss) Recognized in Income on Derivatives During the Three Months Ended March 31, 2016
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs	Mortgage servicing related income		$169
LHFS, IRLCs	Mortgage production related income	(62		)
LHFI	Other noninterest income	(2		)
Trading activity	Trading income	15
Foreign exchange rate contracts hedging trading activity	Trading income	(18		)
Credit contracts hedging:
Loans	Other noninterest income	(1		)
Trading activity	Trading income	5
Equity contracts hedging trading activity	Trading income	2
Other contracts:
IRLCs	Mortgage production related income	45
Commodity derivatives	Trading income	1
Total			$154

38

Notes to Consolidated Financial Statements (Unaudited), continued

Netting of Derivative Instruments

The Company has various financial assets and financial liabilities that are subject to enforceable master netting agreements or similar agreements. The Company's securities borrowed or purchased under agreements to resell, and securities sold under agreements to repurchase, that are subject to enforceable master netting agreements or similar agreements, are discussed in Note 3, "Federal Funds Sold and Securities Financing Activities." The Company enters into ISDA or other legally enforceable industry standard master netting agreements with derivative counterparties. Under the terms of the master netting agreements, all transactions between the Company and the counterparty constitute a single business relationship such that in the event of default, the nondefaulting party is entitled to set off claims and apply property held by that party in respect of any transaction against obligations owed. Any payments, deliveries, or other transfers may be applied against each other and netted.

The following tables present total gross derivative instrument assets and liabilities at March 31, 2017 and December 31, 2016, which are adjusted to reflect the effects of legally enforceable master netting agreements and cash collateral received or paid when calculating the net amount reported in the Consolidated Balance Sheets. Also included in the tables are financial instrument collateral related to legally enforceable master netting agreements that represents securities collateral received or pledged and customer cash collateral held at third party custodians. These amounts are not offset on the Consolidated Balance Sheets but are shown as a reduction to total derivative instrument assets and liabilities to derive net derivative assets and liabilities. These amounts are limited to the derivative asset/liability balance, and accordingly, do not include excess collateral received/pledged.

(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
March 31, 2017
Derivative instrument assets:
Derivatives subject to master netting arrangement or similar arrangement		$3,570		$2,899		$671			$47		$624
Derivatives not subject to master netting arrangement or similar arrangement	32		—		32			—		32
Exchange traded derivatives	285		125		160			—		160
Total derivative instrument assets		$3,887		$3,024		$863	1		$47		$816
Derivative instrument liabilities:
Derivatives subject to master netting arrangement or similar arrangement		$4,262		$4,001		$261			$41		$220
Derivatives not subject to master netting arrangement or similar arrangement	98		—		98			—		98
Exchange traded derivatives	127		125		2			—		2
Total derivative instrument liabilities		$4,487		$4,126		$361	2		$41		$320
December 31, 2016
Derivative instrument assets:
Derivatives subject to master netting arrangement or similar arrangement		$4,193		$3,384		$809			$48		$761
Derivatives not subject to master netting arrangement or similar arrangement	27		—		27			—		27
Exchange traded derivatives	294		146		148			—		148
Total derivative instrument assets		$4,514		$3,530		$984	1		$48		$936
Derivative instrument liabilities:
Derivatives subject to master netting arrangement or similar arrangement		$4,649		$4,358		$291			$33		$258
Derivatives not subject to master netting arrangement or similar arrangement	105		—		105			—		105
Exchange traded derivatives	148		146		2			—		2
Total derivative instrument liabilities		$4,902		$4,504		$398	2		$33		$365

¹ At March 31, 2017, $863 million, net of $277 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $984 million, net of $291 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.

² At March 31, 2017, $361 million, net of $1.4 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $398 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.

39

Notes to Consolidated Financial Statements (Unaudited), continued

Credit Derivative Instruments

As part of the Company's trading businesses, the Company enters into contracts that are, in form or substance, written guarantees; specifically, CDS, risk participations, and TRS. The Company accounts for these contracts as derivatives, and accordingly, records these contracts at fair value, with changes in fair value recognized in trading income in the Consolidated Statements of Income.

At March 31, 2017 and December 31, 2016, the gross notional amounts of purchased CDS contracts designated as trading instruments were $10 million and $135 million, respectively. The fair values of purchased CDS were less than $1 million and $3 million at March 31, 2017 and December 31, 2016, respectively.

The Company has also entered into TRS contracts on loans. The Company’s TRS business consists of matched trades, such that when the Company pays depreciation on one TRS, it receives the same amount on the matched TRS. To mitigate its credit risk, the Company typically receives initial cash collateral from the counterparty upon entering into the TRS and is entitled to additional collateral if the fair value of the underlying reference assets deteriorates. There were $2.1 billion of outstanding TRS notional balances at both March 31, 2017 and December 31, 2016. The fair values of these TRS assets and liabilities at March 31, 2017 were $28 million and $24 million, respectively, and related collateral held at March 31, 2017 was $483 million. The fair values of the TRS assets and liabilities at December 31, 2016 were $34 million and $31 million, respectively, and related collateral held at December 31, 2016 was $450 million. For additional information on the Company's TRS contracts, see Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," as well as Note 15, "Fair Value Election and Measurement."

The Company writes risk participations, which are credit derivatives, whereby the Company has guaranteed payment to a dealer counterparty in the event the counterparty experiences a loss on a derivative, such as an interest rate swap, due to a failure to pay by the counterparty’s customer (the “obligor”) on that derivative. The Company manages its payment risk on its risk participations by monitoring the creditworthiness of the obligors, which are all corporations or partnerships, through the normal credit review process that the Company would have performed had it entered into a derivative directly with the obligors. To date, no material losses have been incurred related to the Company’s written risk participations. At March 31, 2017, the remaining terms on these risk participations generally ranged from less than one year to ten years, with a weighted average term on the maximum estimated exposure of 6 years. At December 31, 2016, the remaining terms on these risk participations generally ranged from less than one year to thirty-one years, with a weighted average term on the maximum estimated exposure of 8.5 years. The Company’s maximum estimated exposure to written risk participations, as measured by projecting a maximum value of the guaranteed derivative instruments based on interest rate curve simulations and assuming 100% default by all obligors on the maximum values, was approximately $67 million and $95 million at March 31, 2017 and December 31, 2016, respectively. The fair values of the written risk participations were immaterial at both March 31, 2017 and December 31, 2016.

Cash Flow Hedging Instruments

The Company utilizes a comprehensive risk management strategy to monitor sensitivity of earnings to movements in interest rates. Specific types of funding and principal amounts hedged are determined based on prevailing market conditions and the shape of the yield curve. In conjunction with this strategy, the Company may employ various interest rate derivatives as risk management tools to hedge interest rate risk from recognized assets and liabilities or from forecasted transactions. The terms and notional amounts of derivatives are determined based on management’s assessment of future interest rates, as well as other factors.

Interest rate swaps have been designated as hedging the exposure to the benchmark interest rate risk associated with floating rate loans. At March 31, 2017, the maturities for hedges of floating rate loans ranged from one year to six years, with the weighted average being 4.2 years. At December 31, 2016, the maturities for hedges of floating rate loans ranged from less than one year to six years, with the weighted average being 4.1 years. These hedges have been highly effective in offsetting the designated risks, yielding an immaterial amount of ineffectiveness for the three months ended March 31, 2017 and 2016. At March 31, 2017, $90 million of deferred net pre-tax gains on derivative instruments designated as cash flow hedges on floating rate loans recognized in AOCI are expected to be reclassified into net interest income during the next twelve months. The amount to be reclassified into income incorporates the impact from both active and terminated or de-designated cash flow hedges, including the net interest income earned on the active hedges, assuming no changes in LIBOR. The Company may choose to terminate or de-designate a hedging relationship due to a change in the risk management objective for that specific hedge item, which may arise in conjunction with an overall balance sheet management strategy.

Fair Value Hedging Instruments

The Company enters into interest rate swap agreements as part of the Company’s risk management objectives for hedging its exposure to changes in fair value due to changes in interest rates. These hedging arrangements convert certain fixed rate long-term debt and CDs to floating rates. Consistent with this objective, the Company reflects the accrued contractual interest on the hedged item and the related swaps as part of current period interest expense. There were no components of derivative gains or losses excluded in the Company’s assessment of hedge effectiveness related to the fair value hedges.

Economic Hedging Instruments and Trading Activities

In addition to designated hedge accounting relationships, the Company also enters into derivatives as an end user to economically hedge risks associated with certain non-derivative and derivative instruments, along with entering into derivatives in a trading capacity with its clients.

The primary risks that the Company economically hedges are interest rate risk, foreign exchange risk, and credit risk. The Company mitigates these risks by entering into offsetting derivatives either on an individual basis or collectively on a macro basis.

40

Notes to Consolidated Financial Statements (Unaudited), continued

The Company utilizes interest rate derivatives related to:

• Residential MSRs. The Company hedges these instruments with a combination of interest rate derivatives, including forward and option contracts, futures, and forward rate agreements.

• Residential mortgage IRLCs and LHFS. The Company hedges these instruments using forward and option contracts, futures, and forward rate agreements.

The Company is exposed to volatility and changes in foreign exchange rates associated with certain commercial loans. To hedge against this foreign exchange rate risk, the Company enters into foreign exchange rate contracts that provide for the future receipt and delivery of foreign currency at previously agreed-upon terms.

The Company enters into CDS to hedge credit risk associated with certain loans held within its Wholesale Banking segment. The Company accounts for these contracts as derivatives, and accordingly, recognizes these contracts at fair value, with changes in fair value recognized in other noninterest income in the Consolidated Statements of Income.

Trading activity primarily includes interest rate swaps, equity derivatives, CDS, futures, options, foreign exchange rate contracts, and commodity derivatives. These derivatives are entered into in a dealer capacity to facilitate client transactions, or are utilized as a risk management tool by the Company as an end user (predominantly in certain macro-hedging strategies).

41

Notes to Consolidated Financial Statements (Unaudited), continued

NOTE 15 - FAIR VALUE ELECTION AND MEASUREMENT

The Company measures certain assets and liabilities at fair value, which are classified as level 1, 2, or 3 within the fair value hierarchy, as shown below, on the basis of whether the measurement employs observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s own assumptions, taking into account information about market participant assumptions that is readily available.

• Level 1: Quoted prices for identical instruments in active markets

• Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets

• Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable

Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The Company’s recurring fair value measurements are based on either a requirement to measure such assets and liabilities at fair value or on the Company’s election to measure certain financial assets and liabilities at fair value. Assets and liabilities that are required to be measured at fair value on a recurring basis include trading securities, securities AFS, and derivative financial instruments. Assets and liabilities that the Company has elected to measure at fair value on a recurring basis include MSRs and certain LHFS, LHFI, trading loans, brokered time deposits, and issuances of fixed rate debt.

The Company elects to measure certain assets and liabilities at fair value to better align its financial performance with the economic value of actively traded or hedged assets or liabilities. The use of fair value also enables the Company to mitigate non-economic earnings volatility caused from financial assets and liabilities being measured using different bases of accounting, as well as to more accurately portray the active and dynamic management of the Company’s balance sheet.

The Company uses various valuation techniques and assumptions in estimating fair value. The assumptions used to estimate the value of an instrument have varying degrees of impact to the overall fair value of an asset or liability. This process involves gathering multiple sources of information, including broker quotes, values provided by pricing services, trading activity in other identical or similar securities, market indices, and pricing matrices. When observable market prices for the asset or liability are not available, the Company employs various

modeling techniques, such as discounted cash flow analyses, to estimate fair value. Models used to produce material financial reporting information are validated prior to use and following any material change in methodology. Their performance is monitored at least quarterly, and any material deterioration in model performance is escalated. This review is performed by different internal groups depending on the type of fair value asset or liability.

The Company has formal processes and controls in place to support the appropriateness of its fair value estimates. For fair values obtained from a third party, or those that include certain trader estimates of fair value, there is an independent price validation function that provides oversight for these estimates. For level 2 instruments and certain level 3 instruments, the validation generally involves evaluating pricing received from two or more third party pricing sources that are widely used by market participants. The Company evaluates this pricing information from both a qualitative and quantitative perspective and determines whether any pricing differences exceed acceptable thresholds. If thresholds are exceeded, the Company assesses differences in valuation approaches used, which may include contacting a pricing service to gain further insight into the valuation of a particular security or class of securities to resolve the pricing variance, which could include an adjustment to the price used for financial reporting purposes.

The Company classifies instruments within level 2 in the fair value hierarchy when it determines that external pricing sources estimated fair value using prices for similar instruments trading in active markets. A wide range of quoted values from pricing sources may imply a reduced level of market activity and indicate that significant adjustments to price indications have been made. In such cases, the Company evaluates whether the asset or liability should be classified as level 3.

Determining whether to classify an instrument as level 3 involves judgment and is based on a variety of subjective factors, including whether a market is inactive. A market is considered inactive if significant decreases in the volume and level of activity for the asset or liability have been observed. In making this determination the Company evaluates the number of recent transactions in either the primary or secondary market, whether or not price quotations are current, the nature of market participants, the variability of price quotations, the breadth of bid/ask spreads, declines in, or the absence of, new issuances, and the availability of public information. When a market is determined to be inactive, significant adjustments may be made to price indications when estimating fair value. In making these adjustments the Company seeks to employ assumptions a market participant would use to value the asset or liability, including consideration of illiquidity in the referenced market.

42

Notes to Consolidated Financial Statements (Unaudited), continued

Recurring Fair Value Measurements

The following tables present certain information regarding assets and liabilities measured at fair value on a recurring basis and the changes in fair value for those specific financial instruments for which fair value has been elected.

	March 31, 2017
	Fair Value Measurements
(Dollars in millions)	Level 1		Level 2		Level 3		Netting  Adjustments 1			Assets/Liabilities at Fair Value
Assets
Trading assets and derivative instruments:
U.S. Treasury securities		$450		$—		$—		$—			$450
Federal agency securities	—		361		—		—			361
U.S. states and political subdivisions	—		55		—		—			55
MBS - agency	—		560		—		—			560
Corporate and other debt securities	—		590		—		—			590
CP	—		491		—		—			491
Equity securities	41		—		—		—			41
Derivative instruments	285		3,570		32		(3,024		)	863
Trading loans	—		2,596		—		—			2,596
Total trading assets and derivative instruments	776		8,223		32		(3,024		)	6,007
Securities AFS:
U.S. Treasury securities	5,422		—		—		—			5,422
Federal agency securities	—		302		—		—			302
U.S. states and political subdivisions	—		318		4		—			322
MBS - agency	—		23,795		—		—			23,795
MBS - non-agency residential	—		—		71		—			71
MBS - non-agency commercial	—		534		—		—			534
ABS	—		—		9		—			9
Corporate and other debt securities	—		29		5		—			34
Other equity securities 2	123		—		515		—			638
Total securities AFS	5,545		24,978		604		—			31,127
LHFS	—		1,813		6		—			1,819
LHFI	—		—		221		—			221
MSRs	—		—		1,645		—			1,645
Liabilities
Trading liabilities and derivative instruments:
U.S. Treasury securities	528		—		—		—			528
MBS - agency	—		5		—		—			5
Corporate and other debt securities	—		326		—		—			326
Equity securities	5		—		—		—			5
Derivative instruments	127		4,345		15		(4,126		)	361
Total trading liabilities and derivative instruments	660		4,676		15		(4,126		)	1,225
Brokered time deposits	—		128		—		—			128
Long-term debt	—		771		—		—			771

¹ Amounts represent 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 $119 million of mutual fund investments, $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

43

Notes to Consolidated Financial Statements (Unaudited), continued

	December 31, 2016
	Fair Value Measurements
(Dollars in millions)	Level 1		Level 2		Level 3		Netting  Adjustments 1			Assets/Liabilities at Fair Value
Assets
Trading assets and derivative instruments:
U.S. Treasury securities		$539		$—		$—		$—			$539
Federal agency securities	—		480		—		—			480
U.S. states and political subdivisions	—		134		—		—			134
MBS - agency	—		567		—		—			567
CLO securities	—		1		—		—			1
Corporate and other debt securities	—		656		—		—			656
CP	—		140		—		—			140
Equity securities	49		—		—		—			49
Derivative instruments	293		4,193		28		(3,530		)	984
Trading loans	—		2,517		—		—			2,517
Total trading assets and derivative instruments	881		8,688		28		(3,530		)	6,067
Securities AFS:
U.S. Treasury securities	5,405		—		—		—			5,405
Federal agency securities	—		313		—		—			313
U.S. states and political subdivisions	—		275		4		—			279
MBS - agency	—		23,662		—		—			23,662
MBS - non-agency residential	—		—		74		—			74
MBS - non-agency commercial	—		252		—		—			252
ABS	—		—		10		—			10
Corporate and other debt securities	—		30		5		—			35
Other equity securities 2	102		—		540		—			642
Total securities AFS	5,507		24,532		633		—			30,672
LHFS	—		3,528		12		—			3,540
LHFI	—		—		222		—			222
MSRs	—		—		1,572		—			1,572
Liabilities
Trading liabilities and derivative instruments:
U.S. Treasury securities	697		—		—		—			697
MBS - agency	—		1		—		—			1
Corporate and other debt securities	—		255		—		—			255
Derivative instruments	149		4,731		22		(4,504		)	398
Total trading liabilities and derivative instruments	846		4,987		22		(4,504		)	1,351
Brokered time deposits	—		78		—		—			78
Long-term debt	—		963		—		—			963

¹ Amounts represent 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 $102 million of mutual fund investments, $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

44

Notes to Consolidated Financial Statements (Unaudited), continued

The following tables present the difference between fair value and the aggregate UPB for which the FVO has been elected for certain trading loans, LHFS, LHFI, brokered time deposits, and long-term debt instruments.

(Dollars in millions)	Fair Value at March 31, 2017		Aggregate UPB at March 31, 2017		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,596		$2,550		$46
LHFS:
Accruing	1,819		1,762		57
LHFI:
Accruing	218		224		(6		)
Nonaccrual	3		4		(1		)
Liabilities:
Brokered time deposits	128		130		(2		)
Long-term debt	771		736		35
(Dollars in millions)	Fair Value at December 31, 2016		Aggregate UPB at December 31, 2016		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,517		$2,488		$29
LHFS:
Accruing	3,540		3,516		24
LHFI:
Accruing	219		225		(6		)
Nonaccrual	3		4		(1		)
Liabilities:
Brokered time deposits	78		80		(2		)
Long-term debt	963		924		39

45

Notes to Consolidated Financial Statements (Unaudited), continued

The following tables present the change in fair value during the three months ended March 31, 2017 and 2016 of financial instruments for which the FVO has been elected, as well as for MSRs. The tables do not reflect the change in fair value attributable to related economic hedges that the Company uses to mitigate market-related risks associated with the financial instruments. Generally, changes in the fair value of economic

hedges are recognized in trading income, mortgage production related income, mortgage servicing related income, commercial real estate related income, or other noninterest income as appropriate, and are designed to partially offset the change in fair value of the financial instruments referenced in the tables below. The Company’s economic hedging activities are deployed at both the instrument and portfolio level.

	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2017 for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income		Mortgage Production Related Income 1		Mortgage Servicing Related Income			Total Changes in Fair Values Included in Earnings 2
Assets:
Trading loans		$2		$—		$—			$2
LHFS	—		12		—			12
MSRs	—		1		(24		)	(23		)
Liabilities:
Brokered time deposits	1		—		—			1
Long-term debt	6		—		—			6

¹ Income related to LHFS does not include income from IRLCs. For the three months endedMarch 31, 2017, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

² Changes in fair value for the three months endedMarch 31, 2017 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, brokered time deposits, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2016 for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income			Mortgage Production Related  Income 1		Mortgage Servicing Related Income			Other Noninterest Income		Total Changes in Fair Values Included in Earnings 2
Assets:
Trading loans		$6			$—		$—			$—		$6
LHFS	—			55		—			—		55
LHFI	—			—		—			3		3
MSRs	—			—		(247		)	—		(247		)
Liabilities:
Long-term debt	(2		)	—		—			—		(2		)

¹ Income related to LHFS does not include income from IRLCs. For the three months endedMarch 31, 2016, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

² Changes in fair value for the three months endedMarch 31, 2016 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

46

Notes to Consolidated Financial Statements (Unaudited), continued

The following is a discussion of the valuation techniques and inputs used in estimating fair value for assets and liabilities measured at fair value on a recurring basis and classified as level 1, 2, and/or 3.

Trading Assets and Derivative Instruments and Securities Available for Sale

Unless otherwise indicated, trading assets are priced by the trading desk and securities AFS are valued by an independent third party pricing service.

Federal Agency Securities

The Company includes in this classification securities issued by federal agencies and GSEs. Agency securities consist of debt obligations issued by HUD, FHLB, and other agencies or collateralized by loans that are guaranteed by the SBA and are, therefore, backed by the full faith and credit of the U.S. government. For SBA instruments, the Company estimates fair value based on pricing from observable trading activity for similar securities or from a third party pricing service. Accordingly, the Company classified these instruments as level 2.

U.S. States and Political Subdivisions

The Company’s investments in U.S. states and political subdivisions (collectively “municipals”) include obligations of county and municipal authorities and agency bonds, which are general obligations of the municipality or are supported by a specified revenue source. Holdings were geographically dispersed, with no significant concentrations in any one state or municipality. Additionally, all AFS municipal obligations classified as level 2 are highly rated or are otherwise collateralized by securities backed by the full faith and credit of the federal government.

Level 3 AFS municipal securities at March 31, 2017 and December 31, 2016 includes an immaterial amount of bonds that are redeemable with the issuer at par and cannot be traded in the market. As such, no significant observable market data for these instruments is available; therefore, these securities are priced at par.

MBS – Agency

Agency MBS includes pass-through securities and collateralized mortgage obligations issued by GSEs and U.S. government agencies, such as Fannie Mae, Freddie Mac, and Ginnie Mae. Each security contains a guarantee by the issuing GSE or agency. For agency MBS, the Company estimates fair value based on pricing from observable trading activity for similar securities or from a third party pricing service; accordingly, the Company has classified these instruments as level 2.

MBS – Non-agency

Non-agency residential MBS includes purchased interests in third party securitizations, as well as retained interests in Company-sponsored securitizations of 2006 and 2007 vintage residential mortgages (including both prime jumbo fixed rate collateral and floating rate collateral). At the time of purchase or origination, these securities had high investment grade ratings; however, through the credit crisis, they experienced deterioration in credit quality leading to downgrades to non-investment grade levels. The Company obtains pricing for these securities from an independent pricing service. The Company evaluates third

party pricing to determine the reasonableness of the information relative to changes in market data, such as any recent trades, information received from market participants and analysts, and/or changes in the underlying collateral performance. The Company continued to classify non-agency residential MBS as level 3, as the Company believes that available third party pricing relies on significant unobservable assumptions, as evidenced by a persistently wide bid-ask price range and variability in pricing from the pricing services, particularly for the vintage and exposures held by the Company.

Non-agency commercial MBS at March 31, 2017 and December 31, 2016 consists of purchased interests in newly issued third party securitizations. These interests have high investment grade ratings, and the Company obtains pricing for these securities from an independent pricing service. The Company has classified these non-agency commercial MBS as level 2, as the Company believes that the independent pricing service relies on observable data in active markets.

CLO Securities

CLO preference share exposure is estimated at fair value based on pricing from observable trading activity for similar securities. Accordingly, the Company has classified these instruments as level 2.

Asset-Backed Securities

ABS classified as securities AFS includes purchased interests in third party securitizations collateralized by home equity loans and are valued based on third party pricing with significant unobservable assumptions; as such, they are classified as level 3.

Corporate and Other Debt Securities

Corporate debt securities are comprised predominantly of senior and subordinate debt obligations of domestic corporations and are classified as level 2. Other debt securities classified as AFS in level 3 at March 31, 2017 and December 31, 2016 include bonds that are redeemable with the issuer at par and cannot be traded in the market. As such, observable market data for these instruments is not available.

Commercial Paper

The Company acquires CP that is generally short-term in nature (maturity of less than 30 days) and highly rated. The Company estimates the fair value of this CP based on observable pricing from executed trades of similar instruments; as such, CP is classified as level 2.

Equity Securities

Equity securities classified as securities AFS include primarily FHLB of Atlanta stock and Federal Reserve Bank of Atlanta stock, which are redeemable with the issuer at cost and cannot be traded in the market. As such, observable market data for these instruments is not available and they are classified as level 3. The Company accounts for the stock based on industry guidance that requires these investments be carried at cost and evaluated for impairment based on the ultimate recovery of cost.

47

Notes to Consolidated Financial Statements (Unaudited), continued

The Company estimates the fair value of its mutual fund investments and certain other equity securities based on quoted prices for similar instruments observed in active markets; as such, these investments are classified as level 1.

Derivative Instruments

The Company holds derivative instruments for both trading and risk management purposes. Level 1 derivative instruments generally include exchange-traded futures or option contracts for which pricing is readily available. The Company’s level 2 instruments are predominantly OTC swaps, options, and forwards, measured using observable market assumptions for interest rates, foreign exchange, equity, and credit. Because fair values for OTC contracts are not readily available, the Company estimates fair values using internal, but standard, valuation models. The selection of valuation models is driven by the type of contract: for option-based products, the Company uses an appropriate option pricing model such as Black-Scholes. For forward-based products, the Company’s valuation methodology is generally a discounted cash flow approach.

The Company's derivative instruments classified as level 2 are primarily transacted in the institutional dealer market and priced with observable market assumptions at a mid-market valuation point, with appropriate valuation adjustments for liquidity and credit risk. To this end, the Company has evaluated liquidity premiums required by market participants, as well as the credit risk of its counterparties and its own credit. See Note 14, “Derivative Financial Instruments,” for additional information on the Company's derivative instruments.

The Company's derivative instruments classified as level 3 include IRLCs that satisfy the criteria to be treated as derivative financial instruments. The fair value of IRLCs on residential and commercial LHFS, while based on interest rates observable in the market, is highly dependent on the ultimate closing of the loans. These “pull-through” rates are based on the Company’s historical data and reflect the Company’s best estimate of the likelihood that a commitment will result in a closed loan. As pull-through rates increase, the fair value of IRLCs also increases. Servicing value is included in the fair value of IRLCs, and the fair value of servicing is determined by projecting cash flows, which are then discounted to estimate an expected fair value. The fair value of servicing is impacted by a variety of factors, including prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. Because these inputs are not transparent in market trades, IRLCs are considered to be level 3 assets. During the three months ended March 31, 2017 and 2016, the Company transferred $36 million and $29 million, respectively, of net IRLCs out of level 3 as the associated loans were closed.

Trading Loans

The Company engages in certain businesses whereby electing to measure loans at fair value for financial reporting aligns with the underlying business purpose. Specifically, loans included within this classification include trading loans that are: (i) made or acquired in connection with the Company’s TRS business, (ii) part of the loan sales and trading business within the Company’s Wholesale Banking segment, and (iii) backed by the SBA. See Note 9, "Certain Transfers of Financial Assets and

Variable Interest Entities," and Note 14, “Derivative Financial Instruments,” for further discussion of this business. All of these loans are classified as level 2 due to the nature of market data that the Company uses to estimate fair value.

The loans made in connection with the Company’s TRS business are short-term, senior demand loans supported by a pledge agreement granting first priority security interest to the Bank in all the assets held by the borrower, a VIE with assets comprised primarily of corporate loans. While these TRS-related loans do not trade in the market, the Company believes that the par amount of the loans approximates fair value and no unobservable assumptions are used by the Company to value these loans. At both March 31, 2017 and December 31, 2016, the Company had $2.1 billion of these short-term loans outstanding, measured at fair value.

The loans from the Company’s sales and trading business are commercial and corporate leveraged loans that are either traded in the market or for which similar loans trade. The Company elected to measure these loans at fair value since they are actively traded. For both of the three months ended March 31, 2017 and 2016, the Company recognized an immaterial amount of gains/(losses) in the Consolidated Statements of Income due to changes in fair value attributable to instrument-specific credit risk. The Company is able to obtain fair value estimates for substantially all of these loans through a third party valuation service that is broadly used by market participants. While most of the loans are traded in the market, the Company does not believe that trading activity qualifies the loans as level 1 instruments, as the volume and level of trading activity is subject to variability and the loans are not exchange-traded. At March 31, 2017 and December 31, 2016, $459 million and $356 million, respectively, of loans related to the Company’s trading business were held in inventory.

SBA loans are similar to SBA securities discussed herein under “Federal agency securities,” except for their legal form. In both cases, the Company trades instruments that are fully guaranteed by the U.S. government as to contractual principal and interest and there is sufficient observable trading activity upon which to base the estimate of fair value. As these SBA loans are fully guaranteed, the changes in fair value are attributable to factors other than instrument-specific credit risk.

Loans Held for Sale and Loans Held for Investment

Residential LHFS

The Company values certain newly-originated residential mortgage LHFS at fair value based upon defined product criteria. The Company chooses to fair value these residential mortgage LHFS to eliminate the complexities and inherent difficulties of achieving hedge accounting and to better align reported results with the underlying economic changes in value of the loans and related hedge instruments. Any origination fees are recognized within mortgage production related income in the Consolidated Statements of Income when earned at the time of closing. The servicing value is included in the fair value of the loan and is initially recognized at the time the Company enters into IRLCs with borrowers. The Company employs derivative instruments to economically hedge changes in interest rates and the related impact on servicing value in the fair value of the loan. The mark-to-market adjustments related to LHFS and the associated

48

Notes to Consolidated Financial Statements (Unaudited), continued

economic hedges are captured in mortgage production related income.

LHFS classified as level 2 are primarily agency loans which trade in active secondary markets and are priced using current market pricing for similar securities, adjusted for servicing, interest rate risk, and credit risk. Non-agency residential mortgages are also included in level 2 LHFS. Transfers of certain residential mortgage LHFS into level 3 during the three months ended March 31, 2017 and 2016 were largely due to borrower defaults or the identification of other loan defects impacting the marketability of the loans.

For residential loans that the Company has elected to measure at fair value, the Company recognized an immaterial amount of gains/(losses) in the Consolidated Statements of Income due to changes in fair value attributable to borrower-specific credit risk for both of the three months ended March 31, 2017 and 2016. In addition to borrower-specific credit risk, there are other more significant variables that drive changes in the fair values of the loans, including interest rates and general market conditions.

Commercial LHFS

The Company values certain commercial LHFS at fair value based upon observable current market prices for similar loans. These loans are generally transferred to agencies within 90 days of origination. The Company has commitments from agencies to purchase these loans at March 31, 2017; therefore, they are classified as Level 2. Origination fees are recognized within commercial real estate related income in the Consolidated Statements of Income when earned at the time of closing. To mitigate the effect of interest rate risk inherent in entering into IRLCs with borrowers, the Company enters into forward contracts with investors at the same time that it enters into IRLCs with borrowers. The mark-to-market adjustments related to commercial LHFS, IRLCs, and forward contracts are recognized in commercial real estate related income. For commercial loans that the Company has elected to measure at fair value, the Company recognized an immaterial loss in the Consolidated Statements of Income due to changes in fair value attributable to borrower-specific credit risk for the three months ended March 31, 2017.

LHFI

LHFI classified as level 3 includes predominantly mortgage loans that are not marketable, largely due to the identification of loan defects. The Company chooses to measure these mortgage LHFI at fair value to better align reported results with the underlying economic changes in value of the loans and any related hedging instruments. The Company values these loans using a discounted cash flow approach based on assumptions that are generally not observable in current markets, such as prepayment speeds, default rates, loss severity rates, and discount rates. Level 3 LHFI also includes mortgage loans that are valued using collateral based pricing. Changes in the applicable housing price index since the time of the loan origination are considered and applied to the loan's collateral value. An additional discount representing the return that a buyer would require is also considered in the overall fair value.

Mortgage Servicing Rights

The Company records residential MSR assets at fair value using a discounted cash flow approach. The fair values of residential MSRs are impacted by a variety of factors, including prepayment assumptions, spreads, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. The underlying assumptions and estimated values are corroborated by values received from independent third parties based on their review of the servicing portfolio, and comparisons to market transactions. Because these inputs are not transparent in market trades, MSRs are classified as level 3 assets. For additional information see Note 8, "Goodwill and Other Intangible Assets."

Liabilities

Trading Liabilities and Derivative Instruments

Trading liabilities are comprised primarily of derivative contracts, including IRLCs that satisfy the criteria to be treated as derivative financial instruments, as well as various contracts (primarily U.S. Treasury securities, corporate and other debt securities) that the Company uses in certain of its trading businesses. The Company's valuation methodologies for these derivative contracts and securities are consistent with those discussed within the corresponding sections herein under “Trading Assets and Derivative Instruments and Securities Available for Sale.”

During the second quarter of 2009, in connection with its sale of VisaClass B shares, the Company entered into a derivative contract whereby the ultimate cash payments received or paid, if any, under the contract are based on the ultimate resolution of the Litigation involving Visa. The fair value of the derivative is estimated based on the Company’s expectations regarding the ultimate resolution of that Litigation. The significant unobservable inputs used in the fair value measurement of the derivative involve a high degree of judgment and subjectivity; accordingly, the derivative liability is classified as level 3. See Note 13, "Guarantees," for a discussion of the valuation assumptions.

Brokered Time Deposits

The Company has elected to measure certain CDs that contain embedded derivatives at fair value. This fair value election better aligns the economics of the CDs with the Company’s risk management strategies. The Company evaluated, on an instrument by instrument basis, whether a new issuance would be measured at fair value.

On January 1, 2016, the Company partially adopted ASU 2016-01, which requires changes in credit spreads for financial liabilities measured at fair value pursuant to a fair value option to be recognized in OCI. The impact to OCI is determined from the change in credit spreads above LIBOR swap spreads. For the three months ended March 31, 2017 and 2016, the impact on AOCI due to changes in credit spreads was immaterial. For additional information on the Company's partial adoption of ASU 2016-01, see Note 1, "Significant Accounting Policies."

The Company has classified CDs measured at fair value as level 2 instruments due to the Company's ability to reasonably measure all significant inputs based on observable market variables. The Company employs a discounted cash flow approach based on observable market interest rates for the term

49

Notes to Consolidated Financial Statements (Unaudited), continued

of the CD and an estimate of the Bank's credit risk. For any embedded derivative features, the Company uses the same valuation methodologies as if the derivative were a standalone derivative, as discussed herein under "Derivative instruments."

Long-term Debt

The Company has elected to measure at fair value certain fixed rate issuances of public debt that are valued by obtaining price indications from a third party pricing service and utilizing broker quotes to corroborate the reasonableness of those marks. Additionally, information from market data of recent observable trades and indications from buy side investors, if available, are taken into consideration as additional support for the value. Due to the availability of this information, the Company determined that the appropriate classification for these debt issuances is level 2. The fair value election of certain fixed rate debt issuances was made to align the accounting for the debt with the accounting for offsetting derivative positions, without having to apply complex hedge accounting.

The Company utilizes derivative financial instruments to convert interest rates on its debt from fixed to floating rates. On January 1, 2016, the Company partially adopted ASU 2016-01, which requires changes in credit spreads for certain financial instruments elected to be measured at fair value to be recognized in OCI. The impact to OCI for public debt measured at fair value is determined based on the change in credit spreads above LIBOR swap spreads. Upon adoption, the Company recognized a $5 million one-time, cumulative credit risk adjustment in AOCI to recognize the change in credit spreads that occurred prior to January 1, 2016. For the three months ended March 31, 2017 and 2016, the impact on AOCI from changes in credit spreads resulted in a loss of $1 million and $2 million, respectively, net of tax. For additional information on the Company's partial adoption of ASU 2016-01, see Note 1, "Significant Accounting Policies."

The valuation technique and range, including weighted average, of the unobservable inputs associated with the Company's level 3 assets and liabilities are as follows:

	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value March 31, 2017		Valuation Technique	Unobservable Input 1	Range (weighted average)
Assets
Trading assets and derivative instruments:
Derivative instruments, net 2		$17	Internal model	Pull through rate	41-100% (77%)
				MSR value	28-179 bps (109 bps)
Securities AFS:
U.S. states and political subdivisions	4		Cost	N/A
MBS - non-agency residential	71		Third party pricing	N/A
ABS	9		Third party pricing	N/A
Corporate and other debt securities	5		Cost	N/A
Other equity securities	515		Cost	N/A
Residential LHFS	6		Monte Carlo/Discounted cash flow	Option adjusted spread	104-125 bps (125 bps)
				Conditional prepayment rate	4-13 CPR (8 CPR)
				Conditional default rate	0-2 CDR (0.4 CDR)
LHFI	218		Monte Carlo/Discounted cash flow	Option adjusted spread	62-784 bps (182 bps)
				Conditional prepayment rate	2-25 CPR (11 CPR)
				Conditional default rate	0-5 CDR (1.4 CDR)
	3		Collateral based pricing	Appraised value	NM 3
MSRs	1,645		Monte Carlo/Discounted cash flow	Conditional prepayment rate	6-28 CPR (13 CPR)
				Option adjusted spread	4-114% (8%)

¹ For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available, and therefore, have been noted as not applicable ("N/A").

² Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

³ Not meaningful.

50

Notes to Consolidated Financial Statements (Unaudited), continued

	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value December 31, 2016		Valuation Technique	Unobservable Input 1	Range (weighted average)
Assets
Trading assets and derivative instruments:
Derivative instruments, net 2		$6	Internal model	Pull through rate	40-100% (81%)
				MSR value	22-170 bps (106 bps)
Securities AFS:
U.S. states and political subdivisions	4		Cost	N/A
MBS - non-agency residential	74		Third party pricing	N/A
ABS	10		Third party pricing	N/A
Corporate and other debt securities	5		Cost	N/A
Other equity securities	540		Cost	N/A
Residential LHFS	12		Monte Carlo/Discounted cash flow	Option adjusted spread	104-125 bps (124 bps)
				Conditional prepayment rate	2-28 CPR (7 CPR)
				Conditional default rate	0-3 CDR (0.4 CDR)
LHFI	219		Monte Carlo/Discounted cash flow	Option adjusted spread	62-784 bps (184 bps)
				Conditional prepayment rate	3-36 CPR (13 CPR)
				Conditional default rate	0-5 CDR (2.1 CDR)
	3		Collateral based pricing	Appraised value	NM 3
MSRs	1,572		Monte Carlo/Discounted cash flow	Conditional prepayment rate	1-25 CPR (9 CPR)
				Option adjusted spread	0-122% (8%)

¹ For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available, and therefore, have been noted as not applicable ("N/A").

² Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

³ Not meaningful.

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Notes to Consolidated Financial Statements (Unaudited), continued

The following tables present a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (other than servicing rights which are disclosed in Note 8, “Goodwill and Other Intangible Assets”). Transfers into and out of the fair value hierarchy levels are assumed to occur at the end

of the period in which the transfer occurred. None of the transfers into or out of level 3 have been the result of using alternative valuation approaches to estimate fair values. There were no transfers between level 1 and 2 during the three months ended March 31, 2017 and 2016.

	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning Balance January 1, 2017		Included in Earnings			OCI				Purchases		Sales			Settlements			Transfers to/from Other Balance Sheet Line Items			Transfers into Level 3		Transfers out of Level 3			Fair Value March 31, 2017		Included in Earnings (held at March 31, 2017 1)
Assets
Trading assets:
Derivative instruments, net		$6		$48	2		$—				$—		$—			($1	)		($36	)		$—		$—			$17		$30	2
Total trading assets	6		48			—				—		—			(1		)	(36		)	—		—			17		30
Securities AFS:
U.S. states and political subdivisions	4		—			—				—		—			—			—			—		—			4		—
MBS - non-agency residential	74		—			(1		)	3	—		—			(2		)	—			—		—			71		—
ABS	10		—			—				—		—			(1		)	—			—		—			9		—
Corporate and other debt securities	5		—			—				—		—			—			—			—		—			5		—
Other equity securities	540		—			1			3	43		—			(64		)	—			—		(5		)	515		—
Total securities AFS	633		—			—				43		—			(67		)	—			—		(5		)	604		—
Residential LHFS	12		—			—				—		(14		)	—			(2		)	10		—			6		—
LHFI	222		—			—				—		—			(6		)	1			4		—			221		—

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at March 31, 2017.

² Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income, amount related to commercial IRLCs is recognized in commercial real estate related income, and amount related to Visa derivative liability is recognized in other noninterest expense.

³ Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax.

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Notes to Consolidated Financial Statements (Unaudited), continued

	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning Balance January 1, 2016		Included in Earnings				OCI				Purchases		Sales			Settlements			Transfers to/from Other Balance Sheet Line Items			Transfers into Level 3		Transfers out of Level 3			Fair Value March 31, 2016		Included in Earnings (held at March 31, 2016 1)
Assets
Trading assets:
Corporate and other debt securities		$89		($1	)	4		$—				$—		($88	)		$—			$—			$—		$—			$—		$—
Derivative instruments, net	15		45			2	—				—		—			1			(29		)	—		—			32		36		2
Total trading assets	104		44				—				—		(88		)	1			(29		)	—		—			32		36
Securities AFS:
U.S. states and political subdivisions	5		—				—				—		—			—			—			—		—			5		—
MBS - non-agency residential	94		—				(1		)	3	—		—			(5		)	—			—		—			88		—
ABS	12		—				—				—		—			(1		)	—			—		—			11		—
Corporate and other debt securities	5		—				—				—		—			—			—			—		—			5		—
Other equity securities	440		—				—				106		—			(75		)	—			—		—			471		—
Total securities AFS	556		—				(1		)	3	106		—			(81		)	—			—		—			580		—
Residential LHFS	5		—				—				—		(7		)	—			(1		)	9		(2		)	4		—
LHFI	257		3			5	—				—		—			(10		)	1			4		—			255		3		5
Liabilities
Other liabilities	23		—				—				—		—			(23		)	—			—		—			—		—

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets/liabilities still held at March 31, 2016.

² Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income and amount related to Visa derivative liability is recognized in other noninterest expense.

³ Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax.

⁴ Amounts included in earnings are recognized in trading income.

⁵ Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in other noninterest income.

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Notes to Consolidated Financial Statements (Unaudited), continued

Non-recurring Fair Value Measurements

The following tables present losses recognized on assets still held at period end, and measured at fair value on a non-recurring basis, for the three months ended March 31, 2017 and the year ended December 31, 2016. Adjustments to fair value generally

result from the application of LOCOM or through write-downs of individual assets. The tables do not reflect changes in fair value attributable to economic hedges the Company may have used to mitigate interest rate risk associated with LHFS.

			Fair Value Measurements						Losses for the Three Months Ended March 31, 2017
(Dollars in millions)	March 31, 2017		Level 1		Level 2		Level 3
LHFI		$83		$—		$—		$83		$—
OREO	11		—		—		11		(2		)
Other assets	42		—		1		41		(5		)
			Fair Value Measurements						Losses for the Year Ended December 31, 2016
(Dollars in millions)	December 31, 2016		Level 1		Level 2		Level 3
LHFI		$75		$—		$—		$75		$—
OREO	17		—		—		17		(2		)
Other assets	112		—		58		54		(36		)

Discussed below are the valuation techniques and inputs used in estimating fair values for assets measured at fair value on a non-recurring basis and classified as level 2 and/or 3.

Loans Held for Investment

At March 31, 2017 and December 31, 2016, LHFI consisted primarily of consumer and residential real estate loans discharged in Chapter 7 bankruptcy that had not been reaffirmed by the borrower, as well as nonperforming CRE loans for which specific reserves had been recognized. Cash proceeds from the sale of the underlying collateral is the expected source of repayment for a majority of these loans. Accordingly, the fair value of these loans is derived from the estimated fair value of the underlying collateral, incorporating market data if available. There were no gains/(losses) recognized during the three months ended March 31, 2017 or during the year ended December 31, 2016, as the charge-offs related to these loans are a component of the ALLL. Due to the lack of market data for similar assets, all of these loans are classified as level 3.

OREO

OREO is measured at the lower of cost, or fair value less costs to sell. OREO classified as level 3 consists primarily of residential homes, commercial properties, and vacant lots and land for which initial valuations are based on property-specific appraisals, broker pricing opinions, or other limited, highly subjective market information. Updated value estimates are received regularly for level 3 OREO.

Other Assets

Other assets consists of cost and equity method investments, other repossessed assets, assets under operating leases where the Company is the lessor, branch properties, and land held for sale.

Investments in cost and equity method investments are valued based on the expected remaining cash flows to be received from these assets discounted at a market rate that is commensurate with the expected risk, considering relevant Company-specific valuation multiples, where applicable. Based on the valuation methodology and associated unobservable inputs, these investments are classified as level 3. There were no impairment charges recognized on equity investments during

three months ended March 31, 2017. During the year ended December 31, 2016, the Company recognized impairment charges of $8 million on its equity investments.

Other repossessed assets comprises repossessed personal property that is measured at fair value less cost to sell. These assets are classified as level 3 as their fair value is determined based on a variety of subjective, unobservable factors. There were no losses recognized in earnings by the Company on other repossessed assets during the three months ended March 31, 2017 or during the year ended December 31, 2016, as the impairment charges on repossessed personal property were a component of the ALLL.

The Company monitors the fair value of assets under operating leases where the Company is the lessor and recognizes impairment on the leased asset to the extent the carrying value is not recoverable and is greater than its fair value. Fair value is determined using collateral specific pricing digests, external appraisals, broker opinions, recent sales data from industry equipment dealers, and the discounted cash flows derived from the underlying lease agreement. As market data for similar assets and lease arrangements is available and used in the valuation, these assets are considered level 2. There were no impairment charges recognized during the three months ended March 31, 2017 attributable to changes in the fair value of various personal property under operating leases. During the year ended December 31, 2016, the Company recognized impairment charges of $12 million attributable to changes in the fair value of various personal property under operating leases.

Branch properties are classified as level 3, as its fair value is based on market comparables and broker opinions. The Company recognized impairment charges of $5 million on branch properties during the three months ended March 31, 2017. During the year ended December 31, 2016, the Company recognized impairment charges of $12 million on branch properties.

Land held for sale is recorded at the lesser of carrying value or fair value less cost to sell, and is considered level 3 as its fair

54

Notes to Consolidated Financial Statements (Unaudited), continued

value is determined based on market comparables and broker opinions. There were no impairment charges recognized on land held for sale during the three months ended March 31, 2017.

During the year ended December 31, 2016, the Company recognized impairment charges of $4 million on land held for sale.

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments are as follows:

	March 31, 2017				Fair Value Measurements
(Dollars in millions)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents		$8,274		$8,274		$8,274		$—		$—	(a)
Trading assets and derivative instruments	6,007		6,007		776		5,199		32		(b)
Securities AFS	31,127		31,127		5,545		24,978		604		(b)
LHFS	2,109		2,111		—		2,100		11		(c)
LHFI, net	141,815		140,888		—		166		140,722		(d)
Financial liabilities:
Deposits	162,853		162,732		—		162,732		—		(e)
Short-term borrowings	4,696		4,696		—		4,696		—		(f)
Long-term debt	10,496		10,560		—		9,802		758		(f)
Trading liabilities and derivative instruments	1,225		1,225		660		550		15		(b)

	December 31, 2016				Fair Value Measurements
(Dollars in millions)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents		$6,423		$6,423		$6,423		$—		$—	(a)
Trading assets and derivative instruments	6,067		6,067		881		5,158		28		(b)
Securities AFS	30,672		30,672		5,507		24,532		633		(b)
LHFS	4,169		4,178		—		4,161		17		(c)
LHFI, net	141,589		140,516		—		282		140,234		(d)
Financial liabilities:
Deposits	160,398		160,280		—		160,280		—		(e)
Short-term borrowings	4,764		4,764		—		4,764		—		(f)
Long-term debt	11,748		11,779		—		11,051		728		(f)
Trading liabilities and derivative instruments	1,351		1,351		846		483		22		(b)

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:

(a) Cash and cash equivalents are valued at their carrying amounts, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.

(b) Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

(c) LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally developed and considers risk premiums that a market participant would require under then-current market conditions.

(d) LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid or nonexistent requires significant judgment.

Generally, the Company measures fair value for LHFI based on estimated future discounted cash flows using current origination rates for loans with similar terms and credit quality, which derived an estimated value of 101% on the loan portfolio’s net carrying value at both March 31, 2017 and December 31, 2016. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was applied when estimating the fair value of these loans. The discounted value is a function of a market participant’s

55

Notes to Consolidated Financial Statements (Unaudited), continued

required yield in the current environment and is not a reflection of the expected cumulative losses on the loans.

(e) Deposit liabilities with no defined maturity such as DDAs, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow approach that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values. Refer to the respective valuation section within this footnote for valuation information related to brokered time deposits that the Company measures at fair value as well as those that are carried at amortized cost.

(f) Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated discounted cash flows utilizing the Company’s current incremental borrowing rate for similar types of instruments. Refer to the respective valuation section within this footnote for valuation information related

to long-term debt that the Company measures at fair value. For level 3 debt, the terms are unique in nature or there are no similar instruments that can be used to value the instrument without using significant unobservable assumptions. In these situations, the Company reviews current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.

Unfunded loan commitments and letters of credit are not included in the table above. At March 31, 2017 and December 31, 2016, the Company had $64.2 billion and $67.2 billion, respectively, of unfunded commercial loan commitments and letters of credit. A reasonable estimate of the fair value of these instruments is the carrying value of deferred fees plus the related unfunded commitments reserve, which was a combined $73 million and $71 million at March 31, 2017 and December 31, 2016, respectively. No active trading market exists for these instruments, and the estimated fair value does not include value associated with the borrower relationship. The Company does not estimate the fair values of consumer unfunded lending commitments which can generally be canceled by providing notice to the borrower.

NOTE 16 – CONTINGENCIES

Litigation and Regulatory Matters

In the ordinary course of business, the Company and its subsidiaries are parties to numerous civil claims and lawsuits and subject to regulatory examinations, investigations, and requests for information. Some of these matters involve claims for substantial amounts. The Company’s experience has shown that the damages alleged by plaintiffs or claimants are often overstated, based on unsubstantiated legal theories, unsupported by facts, and/or bear no relation to the ultimate award that a court might grant. Additionally, the outcome of litigation and regulatory matters and the timing of ultimate resolution are inherently difficult to predict. These factors make it difficult for the Company to provide a meaningful estimate of the range of reasonably possible outcomes of claims in the aggregate or by individual claim. However, on a case-by-case basis, reserves are established for those legal claims in which it is probable that a loss will be incurred and the amount of such loss can be reasonably estimated. The Company's financial statements at March 31, 2017 reflect the Company's current best estimate of probable losses associated with these matters, including costs to comply with various settlement agreements, where applicable. The actual costs of resolving these claims may be substantially higher or lower than the amounts reserved.

For a limited number of legal matters in which the Company is involved, the Company is able to estimate a range of reasonably possible losses in excess of related reserves, if any. Management currently estimates these losses to range from $0 to approximately $190 million. This estimated range of reasonably possible losses represents the estimated possible losses over the life of such legal matters, which may span a currently indeterminable number of years, and is based on information

available at March 31, 2017. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from this estimate. Those matters for which an estimate is not possible are not included within this estimated range; therefore, this estimated range does not represent the Company’s maximum loss exposure. Based on current knowledge, it is the opinion of management that liabilities arising from legal claims in excess of the amounts currently reserved, if any, will not have a material impact on the Company’s financial condition, results of operations, or cash flows. However, in light of the significant uncertainties involved in these matters and the large or indeterminate damages sought in some of these matters, an adverse outcome in one or more of these matters could be material to the Company’s financial condition, results of operations, or cash flows for any given reporting period.

The following is a description of certain litigation and regulatory matters:

Card Association Antitrust Litigation

The Company is a defendant, along with Visa and MasterCard, as well as several other banks, in several antitrust lawsuits challenging their practices. For a discussion regarding the Company’s involvement in this litigation matter, see Note 13, “Guarantees.”

Lehman Brothers Holdings, Inc. Litigation

Beginning in October 2008, STRH, along with other underwriters and individuals, were named as defendants in several individual and putative class action complaints filed in

56

Notes to Consolidated Financial Statements (Unaudited), continued

the U.S. District Court for the Southern District of New York and state and federal courts in Arkansas, California, Texas, and Washington. Plaintiffs alleged violations of Sections 11 and 12 of the Securities Act of 1933 and/or state law for allegedly false and misleading disclosures in connection with various debt and preferred stock offerings of Lehman Brothers Holdings, Inc. ("Lehman Brothers") and sought unspecified damages. All cases were transferred for coordination to the multi-district litigation captioned In re Lehman Brothers Equity/Debt Securities Litigation pending in the U.S. District Court for the Southern District of New York. Defendants filed a motion to dismiss all claims asserted in the class action. On July 27, 2011, the District Court granted in part and denied in part the motion to dismiss the claims against STRH and the other underwriter defendants in the class action. A settlement with the class plaintiffs was approved by the Court and the class settlement approval process was completed. A number of individual lawsuits and smaller putative class actions remained following the class settlement. STRH settled two such individual actions. The other individual lawsuits were dismissed. In two of such dismissed individual actions, the plaintiffs were unable to appeal the dismissals of their claims until their claims against a third party were resolved. In one of these individual actions, the plaintiffs filed a notice of appeal to the Second Circuit Court of Appeals, but that appeal was denied on July 8, 2016. The plaintiff filed a petition to appeal the decision to the U.S. Supreme Court, and on January 13, 2017, the U.S. Supreme Court agreed to hear the appeal. In the other individual action, no appeal has been filed.

Bickerstaff v. SunTrust Bank

This case was filed in the Fulton County State Court on July 12, 2010, and an amended complaint was filed on August 9, 2010. Plaintiff asserts that all overdraft fees charged to his account which related to debit card and ATM transactions are actually interest charges and therefore subject to the usury laws of Georgia. Plaintiff has brought claims for violations of civil and criminal usury laws, conversion, and money had and received, and purports to bring the action on behalf of all Georgia citizens who incurred such overdraft fees within the four years before the complaint was filed where the overdraft fee resulted in an interest rate being charged in excess of the usury rate. The Bank filed a motion to compel arbitration and on March 16, 2012, the Court entered an order holding that the Bank's arbitration provision is enforceable but that the named plaintiff in the case had opted out of that provision pursuant to its terms. The Court explicitly stated that it was not ruling at that time on the question of whether the named plaintiff could have opted out for the putative class members. The Bank filed an appeal of this decision, but this appeal was dismissed based on a finding that the appeal was prematurely granted. On April 8, 2013, the plaintiff filed a motion for class certification and that motion was denied on February 19, 2014. Plaintiff appealed the denial of class certification and on September 8, 2015, the Georgia Supreme Court agreed to hear the appeal. On January 4, 2016, the Georgia Supreme Court heard oral argument on the appeal. On July 8, 2016, the Georgia Supreme Court reversed the Court of Appeals of Georgia and remanded the case for further proceedings.

ERISA Class Actions

Company Stock Class Action

Beginning in July 2008, the Company and certain officers, directors, and employees of the Company were named in a class action alleging that they breached their fiduciary duties under ERISA by offering the Company's common stock as an investment option in the SunTrust Banks, Inc. 401(k) Plan (the “Plan”). The plaintiffs sought to represent all current and former Plan participants who held the Company stock in their Plan accounts from May 15, 2007 to March 30, 2011 and seek to recover alleged losses these participants supposedly incurred as a result of their investment in Company stock.

This case was originally filed in the U.S. District Court for the Southern District of Florida but was transferred to the U.S. District Court for the Northern District of Georgia, Atlanta Division (the “District Court”), in November 2008. On October 26, 2009, an amended complaint was filed. On December 9, 2009, defendants filed a motion to dismiss the amended complaint. On October 25, 2010, the District Court granted in part and denied in part defendants' motion to dismiss the amended complaint.

On April 14, 2011, the U.S. Court of Appeals for the Eleventh Circuit (“the Circuit Court”) granted defendants and plaintiffs permission to pursue interlocutory review in separate appeals. The Circuit Court subsequently stayed these appeals pending decision of a separate appeal involving The Home Depot in which substantially similar issues are presented. On May 8, 2012, the Circuit Court decided that appeal in favor of The Home Depot. On March 5, 2013, the Circuit Court issued an order remanding the case to the District Court for further proceedings in light of its decision in The Home Depot case. On September 26, 2013, the District Court granted the defendants' motion to dismiss plaintiffs' claims. Plaintiffs filed an appeal of this decision in the Circuit Court. Subsequent to the filing of this appeal, the U.S. Supreme Court decided Fifth Third Bancorp v. Dudenhoeffer, which held that employee stock ownership plan fiduciaries receive no presumption of prudence with respect to employer stock plans. The Circuit Court remanded the case back to the District Court for further proceedings in light of Dudenhoeffer. On June 18, 2015, the Court entered an order granting in part and denying in part the Company’s motion to dismiss.

On August 17, 2016, the District Court entered an order that among other things granted certain of the plaintiffs' motion for class certification. According to the Order, the class is defined as "All persons, other than Defendants and members of their immediate families, who were participants in or beneficiaries of the SunTrust Banks, Inc. 401(k) Savings Plan (the "Plan") at any time between May 15, 2007 and March 30, 2011, inclusive (the "Class Period") and whose accounts included investments in SunTrust common stock ("SunTrust Stock") during that time period and who sustained a loss to their account as a result of the investment in SunTrust Stock."

On August 1, 2016, certain non-fiduciary defendants filed a motion for summary judgment as it relates to them, which was granted by the District Court on October 5, 2016. Discovery is ongoing.

57

Notes to Consolidated Financial Statements (Unaudited), continued

Mutual Funds Class Actions

On March 11, 2011, the Company and certain officers, directors, and employees of the Company were named in a putative class action alleging that they breached their fiduciary duties under ERISA by offering certain STI Classic Mutual Funds as investment options in the Plan. The plaintiffs purport to represent all current and former Plan participants who held the STI Classic Mutual Funds in their Plan accounts from April 2002 through December 2010 and seek to recover alleged losses these Plan participants supposedly incurred as a result of their investment in the STI Classic Mutual Funds. This action is pending in the U.S. District Court for the Northern District of Georgia, Atlanta Division (the “District Court”). On June 6, 2011, plaintiffs filed an amended complaint, and, on June 20, 2011, defendants filed a motion to dismiss the amended complaint. On March 12, 2012, the Court granted in part and denied in part the motion to dismiss. The Company filed a subsequent motion to dismiss the remainder of the case on the ground that the Court lacked subject matter jurisdiction over the remaining claims. On October 30, 2012, the Court dismissed all claims in this action. Immediately thereafter, plaintiffs' counsel initiated a substantially similar lawsuit against the Company naming two new plaintiffs and also filed an appeal of the dismissal with the U.S. Court of Appeals for the Eleventh Circuit. The Company filed a motion to dismiss in the new action and this motion was granted. On February 26, 2014, the U.S. Court of Appeals for the Eleventh Circuit upheld the District Court's dismissal. On March 18, 2014, the plaintiffs' counsel filed a motion for reconsideration with the Eleventh Circuit. On August 26, 2014, plaintiffs in the original action filed a Motion for Consolidation of Appeals requesting that the Court consider this appeal jointly with the appeal in the second action. This motion was granted on October 9, 2014 and plaintiffs filed their consolidated appeal on December 16, 2014.

On June 27, 2014, the Company and certain current and former officers, directors, and employees of the Company were named in another putative class action alleging breach of fiduciary duties associated with the inclusion of STI Classic Mutual Funds as investment options in the Plan. This case, Brown, et al. v. SunTrust Banks, Inc., et al., was filed in the U.S. District Court for the District of Columbia. On September 3, 2014, the U.S. District Court for the District of Columbia issued an order transferring the case to the U.S. District Court for the Northern District of Georgia. On November 12, 2014, the Court granted plaintiffs’ motion to stay this case until the U.S. Supreme Court issued a decision in Tibble v. Edison International. On May 18, 2015, the U.S. Supreme Court decided Tibble and held that plan fiduciaries have a duty, separate and apart from investment selection, to monitor and remove imprudent investments.

After Tibble, the cases pending on appeal were remanded to the District Court. On March 25, 2016, a consolidated amended complaint was filed, consolidating all of these pending actions into one case. The Company filed an answer to the consolidated amended complaint on June 6, 2016 and discovery is ongoing.

Intellectual Ventures II v. SunTrust Banks, Inc. and SunTrust Bank

This action was filed in the U.S. District Court for the Northern District of Georgia on July 24, 2013. Plaintiff alleges that SunTrust violates one or more of several patents held by plaintiff

in connection with SunTrust’s provision of online banking services and other systems and services. Plaintiff seeks damages for alleged patent infringement of an unspecified amount, as well as attorney’s fees and expenses. The matter was stayed on October 7, 2014 pending inter partes review of a number of the claims asserted against SunTrust.

Consent Order with the Federal Reserve

On April 13, 2011, SunTrust, SunTrust Bank, and STM entered into a Consent Order with the FRB in which SunTrust, SunTrust Bank, and STM agreed to strengthen oversight of, and improve risk management, internal audit, and compliance programs concerning the residential mortgage loan servicing, loss mitigation, and foreclosure activities of STM.

On July 25, 2014, the FRB imposed a $160 million civil money penalty as a result of the FRB’s review of the Company’s residential mortgage loan servicing and foreclosure processing practices that preceded the Consent Order. The Company believes that it has fully satisfied this penalty by having provided consumer relief and certain cash payments as contemplated by the settlement with the U.S. and the States Attorneys' General regarding certain mortgage servicing claims, discussed below at “United States Mortgage Servicing Settlement.” SunTrust continues its engagement with the FRB to demonstrate compliance with its commitments under the Consent Order.

United States Mortgage Servicing Settlement

In the second quarter of 2014, STM and the U.S., through the DOJ, HUD, and Attorneys General for several states, reached a final settlement agreement related to the National Mortgage Servicing Settlement. The settlement agreement became effective on September 30, 2014 when the court entered the Consent Judgment. Pursuant to the settlements, STM made $50 million in cash payments and committed to provide $500 million of consumer relief by the fourth quarter of 2017 and to implement certain mortgage servicing standards. While subject to confirmation by the independent Office of Mortgage Settlement Oversight (“OMSO”) appointed to review and certify compliance with the provisions of the settlement, the Company believes it has fulfilled its consumer relief commitments. STM also implemented all of the prescribed servicing standards within the required timeframes. Compliance with the servicing standards continues to be monitored, tested, and reported quarterly by an internal review group and semi-annually by the OMSO. As a result, the Company does not expect to incur additional costs in satisfying its consumer relief obligations or implementation of the servicing standards associated with the settlement.

DOJ Investigation of GSE Loan Origination Practices

In January 2014, STM received notice from the DOJ of an investigation regarding the origination and underwriting of single family residential mortgage loans sold by STM to Fannie Mae and Freddie Mac. The DOJ and STM have not yet engaged in any material dialogue about how this matter may proceed and no allegations have been raised against STM. STM continues to cooperate with the investigation.

58

Notes to Consolidated Financial Statements (Unaudited), continued

Residential Funding Company, LLC v. SunTrust Mortgage, Inc.

STM has been named as a defendant in a complaint filed December 17, 2013 in the Southern District of New York by Residential Funding Company, LLC ("RFC"), a Chapter 11 debtor-affiliate of GMAC Mortgage, LLC, alleging breaches of representations and warranties made in connection with loan sales and seeking indemnification against losses allegedly suffered by RFC as a result of such alleged breaches. The case was transferred to the United States Bankruptcy Court for the Southern District of New York. The litigation remains active in the Bankruptcy Court and discovery continues.

Thurmond, Christopher, et al. v. SunTrust Banks, Inc., et al.

STM and Twin Rivers Insurance Company ("Twin Rivers") have been named as defendants in a putative class action alleging that the companies entered into illegal “captive reinsurance” arrangements with private mortgage insurers. More specifically, plaintiffs allege that SunTrust’s selection of private mortgage insurers who agree to reinsure with Twin Rivers certain loans referred to them by SunTrust results in illegal “kickbacks” in the form of the insurance premiums paid to Twin Rivers. Plaintiffs contend that this arrangement violates the Real Estate Settlement Procedures Act (“RESPA”) and results in unjust enrichment to the detriment of borrowers. The matter was filed in February 2011 in the U.S. District Court for the Eastern District of Pennsylvania. This case had been stayed by the Court pending the outcome of Edwards v. First American Financial Corporation, a captive reinsurance case that was pending before the U.S. Supreme Court at the time. SunTrust filed a motion to dismiss the Thurmond case, which was granted in part and denied in part, allowing limited discovery surrounding the argument that the statute of limitations for certain claims should be equitably tolled. Thurmond had been stayed a second time pending a ruling in a similar case currently before the Third Circuit concerning the application of the statute of limitations. While the stay was lifted, the parties reached an agreement in principle to resolve the matter.

United States Attorney’s Office for the Southern District of New York Foreclosure Expense Investigation

STM has been cooperating with the United States Attorney's Office for the Southern District of New York (the "Southern District") in a broad-based industry investigation regarding claims for foreclosure-related expenses charged by law firms in connection with the foreclosure of loans guaranteed or insured by Fannie Mae, Freddie Mac, or FHA. The investigation relates to a private litigant qui tam lawsuit filed under seal and remains in early stages. The Southern District has not yet advised STM how it will proceed in this matter. The Southern District and STM engaged in dialogue regarding potential resolution of this matter as part of the National Mortgage Servicing Settlement, but were unable to reach agreement.

Felix v. SunTrust Mortgage, Inc.

This putative class action was filed against STM on April 4, 2016. Plaintiff alleges that STM breaches its contract with borrowers when it collects interest on FHA loans at repayment because STM fails to use an approved FHA notice form. Plaintiff also alleges that STM violates the Georgia usury statute by collecting

such interest. Plaintiff attempts to bring the breach of contract claim on behalf of all borrowers and the usury claim on behalf of Georgia borrowers. Plaintiff and STM reached a settlement of the action with the class, and the U.S. District Court for the Northern District of Georgia granted preliminary approval of the settlement on September 9, 2016. The settlement terms had an insignificant impact on the Company's financial position. On February 6, 2017, the court approved the settlement and that settlement is now final.

Northern District of Georgia Investigation

On April 28, 2016, the Bank received a subpoena from the United States Attorney’s Office for the Northern District of Georgia in connection with an investigation pertaining to a suspected embezzlement by an employee of a SunTrust business client. The subpoena requests information regarding the Bank’s Anti-Money Laundering and Bank Secrecy Act compliance processes to detect such crimes by employees of business clients. The Company is cooperating with the investigation.

LR Trust v. SunTrust Banks, Inc., et al.

In November 2016, the Company and certain officers and directors were named as defendants in a shareholder derivative action alleging that defendants failed to take action related to activities at issue in the National Mortgage Servicing, HAMP, and FHA Originations settlements, and certain other legal matters or to ensure that the alleged activities in each were remedied and otherwise appropriately addressed. Plaintiff seeks an award in favor of the Company for the amount of damages sustained by the Company, disgorgement of alleged benefits obtained by defendants, and enhancements to corporate governance and internal controls. The Company filed a Motion to Dismiss the matter on February 15, 2017 and plaintiff filed its reply on April 3, 2017. The Motion to Dismiss remains pending with the court.

SEC Investment Adviser 12b-1 Fees

The SEC Division of Enforcement is investigating whether STIS committed fraud under the Investment Advisers Act ("IAA") of 1940 by purchasing mutual fund shares on behalf of clients that imposed an SEC Rule 12b-1 marketing fee on the investment, if share classes existed which did not impose such a fee, and it has informed the Company that it has made a preliminary determination to recommend that the SEC bring an enforcement action against STIS. Specifically, the proposed action would allege violations of Sections 206(1), 206(2), 206(4), and 207 of the IAA and Rule 206(4)-7 of the Code of Federal Regulations. STIS researched the extent to which alternate mutual fund classes existed that did not impose such fees, among other matters, and estimates that the amount of any reimbursements, penalties, and interest would be less than $5 million. If there is a finding or admission that STIS violated the antifraud provisions of the IAA, the Company could lose well-known seasoned issuer status and STIS' ability to earn certain investment advisory referral fees may be limited, unless and until the SEC Division of Corporation Finance grants a waiver. STIS is cooperating with the investigation and is in discussions with SEC staff regarding the matter.

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Notes to Consolidated Financial Statements (Unaudited), continued

NOTE 17 - BUSINESS SEGMENT REPORTING

The Company measures business activity across three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking, with functional activities included in Corporate Other. Business segments are determined based on the products and services provided or the type of client served, and they reflect the manner in which financial information is evaluated by management.

Beginning in the second quarter of 2017, the Company will realign its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunction with organizational changes made throughout the Company that were announced during the first quarter of 2017. Specifically, the Company plans to retain the current composition of its Wholesale Banking segment and change the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments will be combined into a single Consumer segment.

The following is a description of the segments and their primary businesses at March 31, 2017.

The Consumer Banking and Private Wealth Management segment is made up of three primary businesses:

• Consumer Banking provides services to consumers and branch-managed small business clients through an extensive network of traditional and in-store branches, ATMs, the internet (www.suntrust.com), mobile banking, and by telephone (1-800-SUNTRUST). Financial products and services offered to consumers and small business clients include deposits and payments, loans, brokerage, and various fee-based services. Discount/online and full-service brokerage products are offered to individual clients through STIS. Consumer Banking also serves as an entry point for clients and provides services for other lines of business.

• Consumer Lending offers an array of lending products to consumers and small business clients via the Company's Consumer Banking and Private Wealth Management businesses, through the internet (www.suntrust.com and www.lightstream.com), as well as through various national offices and partnerships. Products offered include home equity lines, personal credit lines and loans, direct auto, indirect auto, student lending, credit cards, and other lending products.

• PWM provides a full array of wealth management products and professional services to both individual and institutional clients including loans, deposits, brokerage, professional investment management, and trust services to clients seeking active management of their financial resources. Institutional clients are served by the Institutional Investment Solutions business. Discount/online and full-service brokerage products are offered to individual clients through STIS. PWM also includes GenSpring, which provides family office solutions to ultra-high net worth individuals and their families. Utilizing teams of multi-disciplinary specialists with expertise in investments, tax, accounting, estate planning, and other wealth management

disciplines, GenSpring helps families manage and sustain wealth across multiple generations.

The Wholesale Banking segment is made up of three primary lines of business and the Treasury & Payment Solutions product group:

• CIB delivers comprehensive capital markets solutions, including advisory, capital raising, and financial risk management, with the goal of serving the needs of both public and private companies in the Wholesale Banking segment and PWM business. Investment Banking and Corporate Banking teams within CIB serve clients across the nation, offering a full suite of traditional banking and investment banking products and services to companies with annual revenues typically greater than $150 million. Investment Banking serves select industry segments including consumer and retail, energy, financial services, healthcare, industrials, and technology, media and communications. Corporate Banking serves clients across diversified industry sectors based on size, complexity, and frequency of capital markets issuance. Also managed within CIB is the Equipment Finance Group, which provides lease financing solutions (through SunTrust Equipment Finance & Leasing).

• Commercial & Business Banking offers an array of traditional banking products, including lending, cash management and investment banking solutions via STRH to commercial clients (generally clients with revenues between $1 million and $150 million), not-for-profit organizations, and governmental entities, as well as auto dealer financing (floor plan inventory financing). Also managed within Commercial & Business Banking is the Premium Assignment Corporation, which provides corporate insurance premium financing solutions.

• Commercial Real Estate provides a full range of financial solutions for commercial real estate developers, owners, and operators, including construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions via STRH. With the acquisition of the assets of Pillar in December of 2016, commercial real estate also provides multi-family agency lending and servicing, as well as loan administration, advisory, and commercial mortgage brokerage services. The Institutional Property Group business targets relationships with REITs, pension fund advisors, private funds, homebuilders, and insurance companies and the Regional business focuses on private real estate owners and developers through a regional delivery structure. Commercial Real Estate also offers tailored financing and equity investment solutions for community development and affordable housing projects through STCC, with particular expertise in Low Income Housing Tax Credits and New Market Tax Credits.

• Treasury & Payment Solutions provides SunTrust Wholesale Banking clients with services required to manage their payments and receipts, combined with the ability to manage and optimize their deposits across all aspects of their

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Notes to Consolidated Financial Statements (Unaudited), continued

business. Treasury & Payment Solutions operates all electronic and paper payment types, including card, wire transfer, ACH, check, and cash. It also provides clients the means to manage their accounts electronically online, both domestically and internationally.

Mortgage Banking offers residential mortgage products nationally through its retail and correspondent channels, the internet (www.suntrust.com), and by telephone (1-800-SUNTRUST). These products are either sold in the secondary market, primarily with servicing rights retained, or held in the Company’s loan portfolio. Mortgage Banking also services loans for other investors, in addition to loans held in the Company’s loan portfolio.

Corporate Other includes management of the Company’s investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. Additionally, Corporate Other includes the Company's functional activities such as marketing, SunTrust online, human resources, finance, ER, legal and compliance, communications, procurement, enterprise information services, corporate real estate, and executive management.

Because business segment results are presented based on management accounting practices, the transition to the consolidated results prepared under U.S. GAAP creates certain differences, which are reflected in Reconciling Items. Business segment reporting conventions are described below:

• Net interest income-FTE – is reconciled from net interest income and is grossed-up on an FTE basis to make income from tax-exempt assets comparable to other taxable products. Segment results reflect matched maturity funds transfer pricing, which ascribes credits or charges based on the economic value or cost created by assets and liabilities of each segment. Differences between these credits and charges are captured as reconciling items. The change in this variance is generally attributable to corporate balance sheet management strategies.

• Provision/(benefit) for credit losses – represents net charge-offs by segment combined with an allocation to the

segments for the provision/(benefit) attributable to each segment's quarterly change in the ALLL and unfunded commitments reserve balances.

• Noninterest income – includes federal and state tax credits that are grossed-up on a pre-tax equivalent basis, related primarily to certain community development investments.

• Provision for income taxes-FTE – is calculated using a blended income tax rate for each segment and includes reversals of the tax adjustments and credits described above. The difference between the calculated provision for income taxes at the segment level and the consolidated provision for income taxes is reported as reconciling items.

The segment’s financial performance is comprised of direct financial results and allocations for various corporate functions that provide management an enhanced view of the segment’s financial performance. Internal allocations include the following:

• Operational costs – expenses are charged to segments based on a methodical activity-based costing process, which also allocates residual expenses to the segments. Generally, recoveries of these costs are reported in Corporate Other.

• Support and overhead costs – expenses not directly attributable to a specific segment are allocated based on various drivers (number of equivalent employees, number of PCs/laptops, net revenue, etc.). Recoveries for these allocations are reported in Corporate Other.

The application and development of management reporting methodologies is an active process and undergoes periodic enhancements. The implementation of these enhancements to the internal management reporting methodology may materially affect the results disclosed for each segment, with no impact on consolidated results. If significant changes to management reporting methodologies take place, the impact of these changes is quantified and prior period information is reclassified, when practicable.

Beginning in the second quarter of 2017, the Company will make certain adjustments to its internal funds transfer pricing methodology, and prior period results will be reclassified to conform to the new business segment structure.

61

Notes to Consolidated Financial Statements (Unaudited), continued

	Three Months Ended March 31, 2017
(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Mortgage Banking		Corporate Other			Reconciling Items			Consolidated
Balance Sheets:
Average loans		$44,074		$72,451		$27,078		$67			$—			$143,670
Average consumer and commercial deposits	98,871		57,393		2,543		117			(50		)	158,874
Average total assets	49,794		85,864		31,475		34,005			3,114			204,252
Average total liabilities	99,478		63,108		2,861		15,158			(24		)	180,581
Average total equity	—		—		—		—			23,671			23,671
Statements of Income:
Net interest income		$766		$543		$113		$11			($67	)		$1,366
FTE adjustment	—		34		—		1			(1		)	34
Net interest income-FTE 1	766		577		113		12			(68		)	1,400
Provision for credit losses 2	88		31		—		—			—			119
Net interest income after provision for credit losses-FTE	678		546		113		12			(68		)	1,281
Total noninterest income	350		403		115		23			(44		)	847
Total noninterest expense	797		482		184		6			(4		)	1,465
Income before provision for income taxes-FTE	231		467		44		29			(108		)	663
Provision for income taxes-FTE 3	85		174		15		(16		)	(65		)	193
Net income including income attributable to noncontrolling interest	146		293		29		45			(43		)	470
Net income attributable to noncontrolling interest	—		—		—		2			—			2
Net income		$146		$293		$29		$43			($43	)		$468

¹ Presented on a matched maturity funds transfer price basis for the segments.

² Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

³ Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

	Three Months Ended March 31, 2016
(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Mortgage Banking			Corporate Other			Reconciling Items			Consolidated
Balance Sheets:
Average loans		$41,589		$70,773		$25,946			$64			$—			$138,372
Average consumer and commercial deposits	93,238		53,620		2,311			107			(47		)	149,229
Average total assets	47,285		84,363		29,203			30,560			1,603			193,014
Average total liabilities	93,853		59,496		2,686			13,201			(19		)	169,217
Average total equity	—		—		—			—			23,797			23,797
Statements of Income:
Net interest income		$719		$495		$120			$31			($83	)		$1,282
FTE adjustment	—		35		—			1			—			36
Net interest income-FTE 1	719		530		120			32			(83		)	1,318
Provision/(benefit) for credit losses 2	29		82		(10		)	—			—			101
Net interest income after provision/(benefit) for credit losses-FTE	690		448		130			32			(83		)	1,217
Total noninterest income	356		313		126			20			(34		)	781
Total noninterest expense	741		411		174			(4		)	(4		)	1,318
Income before provision for income taxes-FTE	305		350		82			56			(113		)	680
Provision for income taxes-FTE 3	113		131		32			16			(61		)	231
Net income including income attributable to noncontrolling interest	192		219		50			40			(52		)	449
Net income attributable to noncontrolling interest	—		—		—			2			—			2
Net income		$192		$219		$50			$38			($52	)		$447

¹ Presented on a matched maturity funds transfer price basis for the segments.

² Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

³ Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

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Notes to Consolidated Financial Statements (Unaudited), continued

NOTE 18 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

Changes in the components of AOCI, net of tax, are presented in the following table:

(Dollars in millions)	Securities AFS			Derivative Instruments			Brokered Time Deposits			Long-Term Debt			Employee Benefit Plans			Total
Three Months Ended March 31, 2017
Balance, beginning of period		($62	)		($157	)		($1	)		($7	)		($594	)		($821	)
Net unrealized gains/(losses) arising during the period	2			(16		)	—			(1		)	—			(15		)
Amounts reclassified to net income	—			(26		)	—			—			(5		)	(31		)
Other comprehensive income/(loss), net of tax	2			(42		)	—			(1		)	(5		)	(46		)
Balance, end of period		($60	)		($199	)		($1	)		($8	)		($599	)		($867	)
Three Months Ended March 31, 2016
Balance, beginning of period		$135			$87			$—			$—			($682	)		($460	)
Cumulative credit risk adjustment 1	—			—			—			(5		)	—			(5		)
Net unrealized gains/(losses) arising during the period	279			192			—			(2		)	—			469
Amounts reclassified to net income	—			(42		)	—			—			59			17
Other comprehensive income/(loss), net of tax	279			150			—			(2		)	59			486
Balance, end of period		$414			$237			$—			($7	)		($623	)		$21

¹ Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," for additional information.

Reclassifications from AOCI, and the related tax effects, are presented in the following table:

(Dollars in millions)	Three Months Ended March 31						Impacted Line Item in the Consolidated Statements of Income
Details About AOCI Components	2017			2016
Derivative Instruments:
Realized gains on cash flow hedges		($41	)		($67	)	Interest and fees on loans
Tax effect	15			25			Provision for income taxes
	(26		)	(42		)
Employee Benefit Plans:
Amortization of prior service credit	(1		)	(1		)	Employee benefits
Amortization of actuarial loss	6			6			Employee benefits
Adjustment to funded status of employee benefit obligation	(11		)	89			Other assets/other liabilities
	(6		)	94
Tax effect	1			(35		)	Provision for income taxes
	(5		)	59
Total reclassifications from AOCI to net income		($31	)		$17

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Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Important Cautionary Statement About Forward-Looking Statements

This report contains forward-looking statements. Statements regarding: (i) future levels of net interest margin, expenses, the efficiency ratio, the provision for loan losses, the net charge-off ratio, and share repurchases; (ii) efficiency goals; (iii) the asset sensitivity of our balance sheet in future periods; and (iv) future changes in the size and composition of the securities AFS portfolio, are forward-looking statements. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “strategies,” “goals,” “initiatives,” “opportunity,” “potentially,” “probably,” “projects,” “outlook,” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Such statements are based upon the current beliefs and expectations of management and on information currently available to management. They speak as of the date hereof, and we do not assume any obligation to update the statements made herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, Item 1A., "Risk Factors" in our 2016 Annual Report on Form 10-K and also include risks discussed in this report and in other periodic reports that we file with the SEC. Additional factors include: current and future legislation and regulation could require us to change our business practices, reduce revenue, impose additional costs, or otherwise adversely affect business operations or competitiveness; we are subject to stringent capital adequacy and liquidity requirements and our failure to meet these would adversely affect our financial condition; the monetary and fiscal policies of the federal government and its agencies could have a material adverse effect on our earnings; our financial results have been, and may continue to be, materially affected by general economic conditions, and a deterioration of economic conditions or of the financial markets may materially adversely affect our lending and other businesses and our financial results and condition; changes in market interest rates or capital markets could adversely affect our revenue and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; our earnings may be affected by volatility in mortgage production and servicing revenues, and by changes in carrying values of our servicing assets and mortgages held for sale due to changes in interest rates; disruptions in our ability to access global capital markets may adversely affect our capital resources and liquidity; we are subject to credit risk; we may have more credit risk and higher credit losses to the extent that our loans are concentrated by loan type, industry segment, borrower type, or location of the borrower or collateral; we rely on the mortgage secondary market and GSEs for some of our

liquidity; loss of customer deposits could increase our funding costs; any reduction in our credit rating could increase the cost of our funding from the capital markets; we are subject to litigation, and our expenses related to this litigation may adversely affect our results; we may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations; we are subject to certain risks related to originating and selling mortgages, and may be required to repurchase mortgage loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, or borrower fraud, and this could harm our liquidity, results of operations, and financial condition; we face risks as a servicer of loans; we are subject to risks related to delays in the foreclosure process; consumers and small businesses may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than banking which subject us to a variety of risks; negative public opinion could damage our reputation and adversely impact business and revenues; we may face more intense scrutiny of our sales, training, and incentive compensation practices; we rely on other companies to provide key components of our business infrastructure; competition in the financial services industry is intense and we could lose business or suffer margin declines as a result; we continually encounter technological change and must effectively develop and implement new technology; maintaining or increasing market share depends on market acceptance and regulatory approval of new products and services; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not be able to realize anticipated benefits; we depend on the expertise of key personnel, and if these individuals leave or change their roles without effective replacements, operations may suffer; we may not be able to hire or retain additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability and may adversely impact our ability to implement our business strategies; our framework for managing risks may not be effective in mitigating risk and loss to us; our controls and procedures may not prevent or detect all errors or acts of fraud; we are at risk of increased losses from fraud; a failure in, or breach of, our operational or security systems or infrastructure, or those of our third party vendors and other service providers, including as a result of cyber-attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses; the soundness of other financial institutions could adversely affect us; we depend on the accuracy and completeness of information about clients and counterparties; our accounting policies and processes are critical to how we report our financial condition and results of operation, and they require management to make estimates about matters that are uncertain; depressed market values for our stock and adverse economic conditions sustained over a period of time may require us to write down some portion of our goodwill; our

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financial instruments measured at fair value expose us to certain market risks; our stock price can be volatile; we might not pay dividends on our stock; our ability to receive dividends from our subsidiaries or other investments could affect our liquidity and ability to pay dividends; and certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect.

INTRODUCTION

We are a leading provider of financial services with our headquarters located in Atlanta, Georgia. Our principal banking subsidiary, SunTrust Bank, offers a full line of financial services for consumers, businesses, corporations, and institutions, both through its branches (located primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia) and through other national delivery channels. During the first quarter of 2017, we operated three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking, with our functional activities included in Corporate Other. See Note 17, "Business Segment Reporting," to the Consolidated Financial Statements in this Form 10-Q for a description of our business segments. Beginning in the second quarter of 2017, we will realign our business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunction with organizational changes made throughout the Company that were announced during the first quarter of 2017. Specifically, we plan to retain the current composition of our Wholesale Banking segment and change the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments will be combined into a single Consumer segment. In addition to deposit, credit, and trust and investment services offered by the Bank, our other subsidiaries provide capital markets, mortgage banking, securities brokerage, online consumer lending, and asset and wealth management services.

This MD&A is intended to assist readers in their analysis of the accompanying Consolidated Financial Statements and supplemental financial information. It should be read in conjunction with the Consolidated Financial Statements and Notes to the Consolidated Financial Statements in Item 1 of this Form 10-Q, as well as other information contained in this document and in our 2016 Annual Report on Form 10-K. When we refer to “SunTrust,” “the Company,” “we,” “our,” and “us” in this narrative, we mean SunTrust Banks, Inc. and its consolidated subsidiaries.

In the MD&A, consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax exempt income on a tax equivalent basis, we present net interest income, net interest margin, total revenue, and efficiency ratios on an FTE basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes, where applicable, to increase tax-exempt interest income to a taxable-equivalent basis. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. Additionally, we present other non-U.S.

GAAP metrics to assist investors in understanding management’s view of particular financial measures, as well as to align presentation of these financial measures with peers in the industry who may also provide a similar presentation. Reconcilements for all non-U.S. GAAP measures are provided in Table 20.

EXECUTIVE OVERVIEW

Financial Performance

We delivered strong year-over-year revenue growth, resulting from the consistent execution of our strategic investments and diverse business model, as well as the improving interest rate environment. Total revenue for the first quarter of 2017 increased 7% compared to the first quarter of 2016, driven by increases in both net interest income and noninterest income.

Net interest income for the first quarter of 2017 increased 6% compared to the first quarter of 2016, due to growth in average earning assets and net interest margin expansion. Noninterest income increased 8% year-over-year, driven largely by record investment banking income, which increased 70% compared to the first quarter of 2016. This increase was driven by broad-based growth across most product categories, with particularly strong performance in syndicated finance and mergers and acquisitions advisory, both of which had record quarters.

Our net interest margin increased five basis points compared to the first quarter of 2016, driven primarily by a 12 basis point increase in average earning asset yields as a result of the increase in benchmark interest rates and the steeper yield curve, as well as favorable mix shift in our LHFI portfolio. Average earning assets increased 5% compared to the first quarter of 2016, driven primarily by a 4% increase in average LHFI and a 13% increase in average securities AFS. Looking forward to the second quarter, we expect the net interest margin to increase by an additional one to two basis points. We will continue to manage to a moderately asset sensitive balance sheet while being cognizant of opportunities to add duration if the yield curve steepens. See additional discussion related to revenue, noninterest income, and net interest income and margin in the "Noninterest Income" and "Net Interest Income/Margin" sections of this MD&A. Also in this MD&A, see Table 12, "Net Interest Income Asset Sensitivity," for an analysis of potential changes in net interest income due to instantaneous moves in benchmark interest rates.

Noninterest expense increased 11% compared to the first quarter of 2016. The increase was driven by higher costs associated with improved business and stock price performance, ongoing investments in talent and technology, higher FDIC premiums, net occupancy costs, and costs associated with ongoing efficiency initiatives. The meaningful investments we have made in technology, such as modernizing our infrastructure and delivering differentiated experiences that embody our purpose, have positioned us for growth and future efficiencies. For the remainder of 2017, we expect our expense base to decline relative to the first quarter as a result of lower costs for employee benefits and ongoing efficiency initiatives. See additional discussion related to noninterest expense in the "Noninterest Expense" section of this MD&A.

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During the first quarter of 2017, our efficiency ratio and tangible efficiency ratio both increased to 65.2% and 64.6%, compared to 62.8% and 62.3% for the same period in 2016, respectively. We remain focused on executing our ongoing efficiency initiatives. When combined with the positive revenue momentum we have achieved, these initiatives give us confidence to achieve our tangible efficiency ratio goals of between 61% and 62% for 2017, and below 60% by 2019, provided that the economy and interest rate environment improve generally as expected. See Table 20, "Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures," in this MD&A for additional information regarding, and a reconciliation of, our tangible efficiency ratio.

Overall asset quality improved further during the first quarter of 2017, evidenced by a six basis point decline in the net charge-off ratio, a four basis point decline in the NPL ratio, and stable and low delinquency levels compared to the prior quarter. Consistent with our prior guidance, the ALLL to period-end LHFI ratio remained relatively stable compared to December 31, 2016, which resulted in a provision for loan losses that approximated net charge-offs. Going forward, assuming no significant changes in the macroeconomic environment, we continue to expect our overall net charge-off ratio to remain between 30 and 40 basis points for the full year 2017. We also expect our provision for loan losses to approximate net charge-offs, with some quarterly variability. See additional discussion of our credit and asset quality, in the “Loans,” “Allowance for Credit Losses,” and “Nonperforming Assets” sections of this MD&A.

Average total LHFI increased 4% compared to the first quarter of 2016, driven by growth across all consumer loan portfolios as well as growth in C&I, commercial construction, and nonguaranteed residential mortgages. These increases were partially offset by declines in residential home equity products and CRE loans as paydowns exceeded new originations and draws. Our consumer lending initiatives continue to produce solid loan growth through each of our major channels, while also improving our return profile. We believe we are well positioned to meet our clients' needs, given the investments we have made in our businesses combined with the above-average growth profile of our Southeast and Mid-Atlantic footprint. See additional loan discussion in the “Loans,” “Nonperforming Assets,” and "Net Interest Income/Margin" sections of this MD&A.

Average consumer and commercial deposits increased 6% compared to the first quarter of 2016, driven by broad-based growth across most of our products and business segments. Our successful deposit growth strategy reflects our overall commitment to meeting more clients’ deposit and payment needs and our investments in technology platforms. Rates paid on our deposits increased six basis points compared to the first quarter of 2016, driven by the increase in benchmark interest rates. We remain focused on maintaining our deposit growth momentum with a consistent focus on maximizing the value proposition for our clients, other than rates paid. See additional discussion regarding average deposits in the "Net Interest Income/Margin" section of this MD&A.

Capital

Our regulatory capital ratios increased during the first quarter of 2017, with a CET1 ratio of 9.69% at March 31, 2017, driven primarily by growth in retained earnings and a decline in RWA. Additionally, our CET1 ratio, on a fully phased-in basis, was estimated to be 9.54% at March 31, 2017, which is well above the current regulatory requirement. Our book value and tangible book value per common share both increased slightly compared to December 31, 2016 and March 31, 2016, due primarily to growth in retained earnings. See additional details related to our capital in Note 13, "Capital," to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K. Also see Table 20, "Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures," in this MD&A for additional information regarding, and reconciliations of, tangible book value per common share and our fully phased-in CET1 ratio.

During the first quarter of 2017, we repurchased $414 million of our outstanding common stock, which included $240 million under our 2016 capital plan and an incremental $174 million pursuant to the 1% of Tier 1 capital de minimis exception allowed under the applicable 2016 Capital Plan Rule. We expect to repurchase an additional $240 million of outstanding common stock during the second quarter of 2017, which would complete our authorized common equity repurchases as approved by the Board in conjunction with the 2016 capital plan. We recently submitted our 2017 capital plan to the Federal Reserve for review in conjunction with the 2017 CCAR, and we anticipate receiving feedback in June 2017 regarding this submission. Our strong capital position should enable us to continue to increase payouts to our shareholders. See additional details related to our capital actions and share repurchases in the “Capital Resources” section of this MD&A and in Part II, Item 2 of this Form 10-Q.

Business Segments Highlights

Consumer Banking and Private Wealth Management

Consumer Banking and Private Wealth Management net income decreased $46 million compared to the first quarter of 2016, driven primarily by a higher provision for credit losses and elevated noninterest expense. Solid revenue momentum was largely driven by net interest income, which was up 7% compared to the first quarter of 2016, resulting from strong loan and deposit growth and further balance sheet optimization. The consumer loan portfolio, excluding home equity products, was up 15% compared to the prior year quarter. Strong deposit growth continues to be a key contributor to our revenue momentum, with average balances up 6% compared to the prior year quarter. As we grew deposits, we also reduced the size of our branch network by 6% compared to the first quarter of 2016. Noninterest income declined 2% compared to the same period in 2016, due primarily to the posting order changes implemented in the fourth quarter of 2016. Noninterest expense increased 8% compared to the prior year quarter, largely due to the ongoing investments we have made in our digital and consumer lending capabilities, higher FDIC and net occupancy costs, and increased costs related to branch closures. Overall, meaningful deposit growth, better momentum in private wealth management, investments in an improved client experience, and a more effective branch network are expected to further strengthen Consumer Banking and Private Wealth Management.

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Wholesale Banking

Wholesale Banking had record revenue for the quarter due to strong capital markets conditions and our continued strategic momentum. Total revenues were up 16% compared to the first quarter of 2016, primarily due to record performance in investment banking. Growth in investment banking was broad-based across most products and client segments as we expand and deepen client relationships and meet the capital markets needs of all Wholesale Banking clients. Specifically, growth was driven by mergers and acquisitions advisory, which has been a key area of investment for us, and syndicated finance, which had a record quarter driven by strong market conditions and continued expansion of our product capabilities into our commercial and CRE client segments. Net interest income was also a key contributor to our strong revenue growth, up 9% compared to the first quarter of 2016 as a result of improved loan yields and continued deposit growth. Noninterest expense was up 17% compared to the prior year quarter due to higher compensation costs related to higher revenue and stock price performance, ongoing investments in technology, and the acquisition of Pillar. Pillar’s financial contribution in the first quarter of 2017 was consistent with our expectations, with $20 million of revenue, an efficiency ratio between 80% and 85%, and an ROA that was accretive to the overall Company. Overall, our value proposition continues to resonate with our clients and momentum across Wholesale Banking remains strong.

Mortgage Banking

Net income was down $21 million compared to the first quarter of 2016 as a result of lower revenue and a larger reduction in the ALLL in the prior year due to an abatement in credit quality improvement in the current year. Total revenue decreased 7% compared to the first quarter of 2016, driven by declines in mortgage production and mortgage servicing related income as well as a decrease in net interest income. The anticipated decline in mortgage production related income was due to lower refinance activity; however, purchase activity improved. Additionally, mortgage application volume decreased 16% while closed loan volume increased 11% compared to the first quarter of 2016. Mortgage servicing related income decreased slightly compared to the prior year quarter driven by lower net hedge performance and higher servicing asset decay, substantially offset by higher servicing fees as a result of a larger servicing portfolio. The UPB of mortgage loans in the servicing portfolio was $164.5 billion at March 31, 2017, compared to $148.9 billion at March 31, 2016.

Additional information related to our business segments can be found in Note 17, "Business Segment Reporting," to the Consolidated Financial Statements in this Form 10-Q, and further discussion of our business segment results for the first quarter of 2017 and 2016 can be found in the "Business Segment Results" section of this MD&A.

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Consolidated Daily Average Balances, Income/Expense, and Average Yields Earned/Rates Paid															Table 1
	Three Months Ended
	March 31, 2017							March 31, 2016							Increase/(Decrease)
(Dollars in millions)	Average Balances			Income/ Expense		Yields/ Rates		Average Balances			Income/ Expense		Yields/ Rates		Average Balances			Yields/ Rates
ASSETS
LHFI: 1
C&I		$69,076			$554	3.25	%		$68,058			$529	3.13	%		$1,018		0.12
CRE	5,038			39		3.18		6,066			44		2.91		(1,028		)	0.27
Commercial construction	4,076			34		3.39		2,232			18		3.28		1,844			0.11
Residential mortgages - guaranteed	567			4		3.07		641			6		3.80		(74		)	(0.73	)
Residential mortgages - nonguaranteed	25,918			247		3.80		24,712			236		3.81		1,206			(0.01	)
Residential home equity products	11,466			116		4.10		12,849			126		3.95		(1,383		)	0.15
Residential construction	385			4		4.04		368			4		4.42		17			(0.38	)
Consumer student - guaranteed	6,278			65		4.20		5,092			50		3.98		1,186			0.22
Consumer other direct	7,819			97		5.02		6,239			70		4.48		1,580			0.54
Consumer indirect	10,847			92		3.43		10,279			87		3.39		568			0.04
Consumer credit cards	1,369			33		9.79		1,077			28		10.31		292			(0.52	)
Nonaccrual 2	831			4		2.03		759			5		2.72		72			(0.69	)
Total LHFI	143,670			1,289		3.64		138,372			1,203		3.50		5,298			0.14
Securities AFS:
Taxable	30,590			185		2.42		27,164			162		2.39		3,426			0.03
Tax-exempt	286			2		3.04		151			1		3.64		135			(0.60	)
Total securities AFS	30,876			187		2.42		27,315			163		2.39		3,561			0.03
Fed funds sold and securities borrowed or purchased under agreements to resell	1,236			1		0.33		1,234			—		0.18		2			0.15
LHFS	2,611			24		3.71		1,816			19		4.15		795			(0.44	)
Interest-bearing deposits in other banks	25			—		0.64		23			—		0.47		2			0.17
Interest earning trading assets	5,188			27		2.09		5,429			26		1.86		(241		)	0.23
Total earning assets	183,606			1,528		3.38		174,189			1,411		3.26		9,417			0.12
ALLL	(1,700		)					(1,750		)					50
Cash and due from banks	5,556							4,015							1,541
Other assets	15,952							14,639							1,313
Noninterest earning trading assets and derivative instruments	888							1,387							(499		)
Unrealized (losses)/gains on securities available for sale, net	(50		)					534							(584		)
Total assets		$204,252							$193,014							$11,238
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
NOW accounts		$44,745			$23	0.21	%		$37,994			$10	0.10	%		$6,751		0.11
Money market accounts	54,902			34		0.25		53,063			24		0.18		1,839			0.07
Savings	6,415			—		0.02		6,179			—		0.03		236			(0.01	)
Consumer time	5,487			9		0.69		6,104			12		0.79		(617		)	(0.10	)
Other time	4,232			10		0.97		3,813			10		1.04		419			(0.07	)
Total interest-bearing consumer and commercial deposits	115,781			76		0.27		107,153			56		0.21		8,628			0.06
Brokered time deposits	917			3		1.28		898			3		1.37		19			(0.09	)
Foreign deposits	678			1		0.66		4			—		0.33		674			0.33
Total interest-bearing deposits	117,376			80		0.28		108,055			59		0.22		9,321			0.06
Funds purchased	872			1		0.65		1,399			1		0.35		(527		)	0.30
Securities sold under agreements to repurchase	1,715			3		0.61		1,819			2		0.40		(104		)	0.21
Interest-bearing trading liabilities	1,002			6		2.61		1,017			6		2.56		(15		)	0.05
Other short-term borrowings	1,753			2		0.49		2,351			2		0.32		(598		)	0.17
Long-term debt	11,563			70		2.45		8,637			59		2.73		2,926			(0.28	)
Total interest-bearing liabilities	134,281			162		0.49		123,278			129		0.42		11,003			0.07
Noninterest-bearing deposits	43,093							42,076							1,017
Other liabilities	2,860							3,321							(461		)
Noninterest-bearing trading liabilities and derivative instruments	347							542							(195		)
Shareholders’ equity	23,671							23,797							(126		)
Total liabilities and shareholders’ equity		$204,252							$193,014							$11,238
Interest rate spread						2.89	%						2.84	%				0.05
Net interest income 3					$1,366							$1,282
Net interest income-FTE 3, 4					$1,400							$1,318
Net interest margin 5						3.02	%						2.96	%				0.06
Net interest margin-FTE 4, 5						3.09							3.04					0.05

¹ Interest income includes loan fees of $45 million and $43 million for the three months ended March 31, 2017 and 2016, respectively.

² Income on consumer and residential nonaccrual loans, if recognized, is recognized on a cash basis.

³ Derivative instruments employed to manage our interest rate sensitivity increased net interest income by $46 million and $72 million for the three months ended March 31, 2017 and 2016, respectively.

⁴ See Table 20, "Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures," in this MD&A for additional information and reconciliations of non-U.S. GAAP performance measures. Approximately 95% of the total FTE adjustment for both the three months ended March 31, 2017 and 2016 was attributed to C&I loans.

⁵ Net interest margin is calculated by dividing annualized net interest income by average total earning assets.

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NET INTEREST INCOME/MARGIN (FTE)

Net interest income was $1.4 billion in the first quarter of 2017, an increase of $82 million, or 6%, compared to the first quarter of 2016. Net interest margin for the first quarter of 2017 increased five basis points, to 3.09%, compared to the first quarter of 2016. The five basis point increase was driven primarily by higher earning asset yields driven by the increase in benchmark interest rates and the steeper yield curve. Specifically, average earning asset yields increased 12 basis points, reflecting a positive mix shift in the loan portfolio that resulted in a 14 basis point increase in LHFI yields, with notable increases in yield on average commercial loans, guaranteed student loans, and consumer direct loans. The increase was partially offset by a seven basis point increase in interest-bearing liability yields.

Average earning assets increased $9.4 billion, or 5%, during the first quarter of 2017, compared to the first quarter of 2016, driven primarily by a $5.3 billion, or 4%, increase in average LHFI and a $3.6 billion, or 13%, increase in average securities AFS. The increase in average LHFI was due largely to growth in C&I, commercial construction, nonguaranteed residential mortgages, guaranteed student loans, and consumer direct loans. These increases were partially offset by declines in CRE and residential home equity products as paydowns exceeded new originations and draws. See the "Loans" section in this MD&A for additional discussion regarding loan activity.

We utilize interest rate swaps to manage interest rate risk. These instruments are primarily receive-fixed, pay-variable swaps that synthetically convert a portion of our commercial loan portfolio from floating rates, based on LIBOR, to fixed rates. At March 31, 2017, the outstanding notional balance of active swaps that qualified as cash flow hedges on variable rate commercial loans was $15.0 billion, compared to active swaps of $16.7 billion at December 31, 2016.

In addition to the income recognized from active swaps, we recognize interest income from terminated or de-designated swaps that were previously designated as cash flow hedges on variable rate commercial loans. Interest income from our commercial loan swaps decreased to $41 million during the first quarter of 2017, compared to $67 million during the first quarter of 2016 due primarily to an increase in LIBOR. As we manage our interest rate risk we may continue to purchase additional and/or terminate existing interest rate swaps.

Remaining swaps on commercial loans have maturities through 2022 and have an average maturity of 4.2 years at March 31, 2017. The weighted average rate on the receive-fixed rate leg of the commercial loan swap portfolio was 1.35%, and the weighted average rate on the pay-variable leg was 0.98%, at March 31, 2017.

Average interest-bearing liabilities increased $11.0 billion, or 9%, compared to the first quarter of 2016, due primarily to growth in NOW and money market account balances as well as an increase in long-term debt. The increase in average interest-bearing liabilities was partially offset by declines in funds purchased, consumer time deposits, and other short-term borrowings. Average interest-bearing consumer and commercial deposits increased $8.6 billion, or 8%, compared to the first quarter of 2016, driven primarily by continued success in deepening client relationships. Average other short-term borrowings decreased $598 million, or 25%, due to a reduction in average short-term FHLB advances in 2017. Average long-term debt increased $2.9 billion, or 34%, compared to the first quarter of 2016, due primarily to an increase in long-term FHLB advances and the issuances of $1.0 billion of 3-year fixed rate senior notes and $300 million of 3-year floating rate senior notes under our Global Bank Note program during the first quarter of 2017. See the "Borrowings" section in this MD&A for additional information regarding other short-term borrowings and long-term debt.

Rates paid on average interest-bearing liabilities increased seven basis points during the first quarter of 2017, compared to the first quarter of 2016, driven largely by increased rates on NOW accounts, money market accounts, funds purchased, securities sold under agreements to repurchase, and other short-term borrowings. These increases were offset partially by declines in rates paid on long-term debt and brokered time deposits. Compared to the first quarter of 2016, the average rate paid on interest-bearing deposits increased six basis points.

Looking forward to the second quarter, we expect the net interest margin to increase by one to two basis points. We will continue to manage to a moderately asset sensitive balance sheet while being cognizant of opportunities to add duration if the yield curve steepens. See Table 12, "Net Interest Income Asset Sensitivity," in this MD&A for an analysis of potential changes in net interest income due to instantaneous moves in benchmark interest rates.

Foregone Interest

Foregone interest income from NPLs reduced net interest margin by two basis points and one basis point for the three months ended March 31, 2017 and 2016, respectively. See additional discussion of our expectations of future credit quality in the “Loans,” “Allowance for Credit Losses,” and “Nonperforming Assets” sections of this MD&A. In addition, Table 1 of this MD&A contains more detailed information concerning average balances, yields earned, and rates paid.

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NONINTEREST INCOME
					Table 2
	Three Months Ended March 31
(Dollars in millions)	2017		2016		% Change
Investment banking income		$167		$98	70	%
Trading income	51		55		(7	)
Service charges on deposit accounts	148		153		(3	)
Other charges and fees	95		93		2
Card fees	82		78		5
Trust and investment management income	75		75		—
Retail investment services	68		69		(1	)
Mortgage servicing related income	58		62		(6	)
Mortgage production related income	53		60		(12	)
Commercial real estate related income 1	20		17		18
Other noninterest income 1	30		21		43
Total noninterest income		$847		$781	8	%

¹ Beginning January 1, 2017, we began presenting income related to our Pillar, STCC, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.

Noninterest income increased $66 million, or 8%, compared to the first quarter of 2016, driven largely by record investment banking income, offset partially by lower mortgage-related income.

Investment banking income increased $69 million, or 70%, compared to the first quarter of 2016. The increase was driven by broad-based growth across most product categories, with particularly strong performance in syndicated finance and mergers and acquisitions advisory, both of which had record quarters.

Trading income decreased $4 million, or 7%, compared to the first quarter of 2016. The decrease was driven largely by lower client-related interest rate hedging activity.

Client transaction-related-fees, which include service charges on deposit accounts, other charges and fees, and card fees, were relatively stable compared to the first quarter of 2016.

Mortgage servicing related income decreased $4 million, or 6%, compared to the first quarter of 2016. The decrease was driven primarily by lower net hedge performance and higher servicing asset decay, substantially offset by higher servicing

fees. The UPB of mortgage loans in the servicing portfolio was $164.5 billion at March 31, 2017, compared to $148.9 billion at March 31, 2016.

Mortgage production related income decreased $7 million, or 12%, compared to the first quarter of 2016. The decrease was due to lower origination fees, offset partially by slightly higher gain on sale margins. Mortgage application volume decreased 16% while closed loan volume increased 11% compared to the first quarter of 2016.

Commercial real estate related income increased $3 million, or 18%, compared to the first quarter of 2016. The increase was due primarily to income from Pillar, which we acquired in December 2016, offset primarily by higher structured real estate revenue in the first quarter of 2016.

Other noninterest income increased $9 million, or 43%, compared to the first quarter of 2016. The increase was due primarily to gains on the sale of affordable housing investments recognized in the first quarter of 2017 as well as the impact of certain asset impairment charges recognized during the first quarter of 2016.

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NONINTEREST EXPENSE
					Table 3
	Three Months Ended March 31
(Dollars in millions)	2017		2016		% Change
Employee compensation		$717		$639	12	%
Employee benefits	135		135		—
Total personnel expenses	852		774		10
Outside processing and software	205		198		4
Net occupancy expense	92		85		8
Regulatory assessments	48		36		33
Marketing and customer development	42		44		(5	)
Equipment expense	39		40		(3	)
Operating losses	32		24		33
Amortization	13		10		30
Other noninterest expense	142		107		33
Total noninterest expense		$1,465		$1,318	11	%

Noninterest expense increased $147 million, or 11%, compared to the first quarter of 2016, driven by higher costs associated with improved business and stock price performance, ongoing investments in talent and technology, higher FDIC premiums, higher net occupancy costs, and higher costs associated with ongoing efficiency initiatives.

Personnel expenses increased $78 million, or 10%, compared to the first quarter of 2016. The increase was due primarily to higher compensation costs associated with improved business and stock price performance, continued investments in talent and technology, and the incremental compensation costs associated with the Pillar acquisition.

Outside processing and software expense increased $7 million, or 4%, compared to the first quarter of 2016. The increase was driven primarily by higher utilization of third-party services as a result of increased business activity.

Net occupancy expense increased $7 million, or 8%, compared to the first quarter of 2016. The increase compared to the first quarter of 2016 was due primarily to a reduction in amortized gains from prior sale leaseback transactions.

Regulatory assessments expense increased $12 million, or 33%, compared to the first quarter of 2016. The increase was driven by the FDIC surcharge on large banks, which became

effective during the third quarter of 2016, and a larger assessment base attributable to balance sheet growth.

Marketing and customer development expense decreased $2 million, or 5%, compared to the first quarter of 2016. The decrease was driven by normal quarterly variability in advertising and client development costs.

Operating losses increased $8 million, or 33%, compared to the first quarter of 2016. The increase was due primarily to higher legal accruals recognized during the current quarter.

Amortization expense increased $3 million, or 30%, compared to the first quarter of 2016. The increase was driven by increased investments in certain low-income community development projects, which also resulted in a similar increase in tax credits. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information regarding our community development investments.

Other noninterest expense increased $35 million, or 33%, compared to the first quarter of 2016. The increase was driven primarily by higher legal and consulting fees and higher branch closure and severance costs incurred in the current quarter.

For the remainder of 2017, we expect our expense base to decline relative to the first quarter as a result of lower employee benefits costs and ongoing efficiency initiatives.

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LOANS

Our disclosures about the credit quality of our loan portfolio and the related credit reserves (i) describe the nature of credit risk inherent in the loan portfolio, (ii) provide information on how we analyze and assess credit risk in arriving at an adequate and appropriate ALLL, and (iii) explain changes in the ALLL as well as reasons for those changes.

Our loan portfolio consists of three loan segments: commercial, residential, and consumer. Loans are assigned to these segments based on the type of borrower, purpose, collateral, and/or our underlying credit management processes. Additionally, we further disaggregate each loan segment into loan types based on common characteristics within each loan segment.

Commercial Loans

C&I loans include loans to fund business operations or activities, loans secured by owner-occupied properties, corporate credit cards, and other wholesale lending activities. Commercial loans secured by owner-occupied properties are classified as C&I loans because the primary source of loan repayment for these properties is business income and not real estate operations. CRE and commercial construction loans include investor loans where repayment is largely dependent upon the operation, refinance, or sale of the underlying real estate.

Residential Loans

Residential mortgages, both government-guaranteed and nonguaranteed, consist of loans secured by 1-4 family homes, mostly prime, first-lien loans. Residential home equity products consist of equity lines of credit and closed-end equity loans that may be in either a first lien or junior lien position. Residential construction loans include owner-occupied residential lot loans and construction-to-perm loans.

Consumer Loans

Consumer loans include government-guaranteed student loans, indirect loans (consisting of loans secured by automobiles, boats,

and recreational vehicles), other direct loans (consisting primarily of unsecured loans, direct auto loans, loans secured by negotiable collateral, and private student loans), and consumer credit cards.

The composition of our loan portfolio is presented in Table 4:

Loan Portfolio by Types of Loans			Table 4
(Dollars in millions)	March 31, 2017		December 31, 2016
Commercial loans:
C&I		$68,971		$69,213
CRE	5,067		4,996
Commercial construction	4,215		4,015
Total commercial loans	78,253		78,224
Residential loans:
Residential mortgages - guaranteed	549		537
Residential mortgages - nonguaranteed 1	26,110		26,137
Residential home equity products	11,511		11,912
Residential construction	380		404
Total residential loans	38,550		38,990
Consumer loans:
Guaranteed student	6,396		6,167
Other direct	7,904		7,771
Indirect	11,067		10,736
Credit cards	1,359		1,410
Total consumer loans	26,726		26,084
LHFI		$143,529		$143,298
LHFS 2		$2,109		$4,169

¹ Includes $221 million and $222 million of LHFI measured at fair value at March 31, 2017 and December 31, 2016, respectively.

² Includes $1.8 billion and $3.5 billion of LHFS measured at fair value at March 31, 2017 and December 31, 2016, respectively.

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Table 5 presents our LHFI portfolio by geography (based on the U.S. Census Bureau's classifications of U.S. regions):

															Table 5
	March 31, 2017
	Commercial				Residential				Consumer				Total LHFI
(Dollars in millions)	Balance		% of Total Commercial		Balance		% of Total Residential		Balance		% of Total Consumer		Balance		% of Total LHFI
South region:
Florida		$12,970	17	%		$9,269	24	%		$4,084	15	%		$26,323	18	%
Georgia	10,009		13		5,864		15		2,275		9		18,148		13
Virginia	6,841		9		5,852		15		1,619		6		14,312		10
Maryland	4,099		5		4,533		12		1,389		5		10,021		7
North Carolina	4,402		6		3,484		9		1,686		6		9,572		7
Tennessee	4,546		6		1,968		5		998		4		7,512		5
Texas	3,878		5		479		1		3,149		12		7,506		5
South Carolina	1,501		2		1,697		4		622		2		3,820		3
District of Columbia	1,328		2		884		2		101		—		2,313		2
Other Southern states	3,750		5		584		2		1,593		6		5,927		4
Total South region	53,324		68		34,614		90		17,516		66		105,454		73
Northeast region:
New York	5,074		6		124		—		954		4		6,152		4
Pennsylvania	1,633		2		107		—		1,020		4		2,760		2
New Jersey	1,399		2		132		—		522		2		2,053		1
Other Northeastern states	2,784		4		214		1		639		2		3,637		3
Total Northeast region	10,890		14		577		1		3,135		12		14,602		10
West region:
California	4,165		5		2,007		5		1,292		5		7,464		5
Other Western states	2,361		3		832		2		1,263		5		4,456		3
Total West region	6,526		8		2,839		7		2,555		10		11,920		8
Midwest region:
Illinois	1,802		2		211		1		592		2		2,605		2
Ohio	691		1		40		—		602		2		1,333		1
Other Midwestern states	3,132		4		269		1		2,256		8		5,657		4
Total Midwest region	5,625		7		520		1		3,450		13		9,595		7
Foreign loans	1,888		2		—		—		70		—		1,958		1
Total		$78,253	100	%		$38,550	100	%		$26,726	100	%		$143,529	100	%

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	December 31, 2016
	Commercial				Residential				Consumer				Total LHFI
(Dollars in millions)	Balance		% of Total Commercial		Balance		% of Total Residential		Balance		% of Total Consumer		Balance		% of Total LHFI
South region:
Florida		$13,143	17	%		$9,416	24	%		$4,071	16	%		$26,630	19	%
Georgia	9,991		13		5,909		15		2,215		8		18,115		13
Virginia	6,727		9		5,924		15		1,614		6		14,265		10
Maryland	4,100		5		4,536		12		1,377		5		10,013		7
North Carolina	4,211		5		3,509		9		1,645		6		9,365		7
Tennessee	4,631		6		2,003		5		989		4		7,623		5
Texas	3,794		5		485		1		2,995		11		7,274		5
South Carolina	1,707		2		1,723		4		599		2		4,029		3
District of Columbia	1,330		2		874		2		102		—		2,306		2
Other Southern states	3,884		5		583		1		1,547		6		6,014		4
Total South region	53,518		68		34,962		90		17,154		66		105,634		74
Northeast region:
New York	4,906		6		127		—		917		4		5,950		4
Pennsylvania	1,534		2		108		—		981		4		2,623		2
New Jersey	1,353		2		133		—		504		2		1,990		1
Other Northeastern states	2,856		4		216		1		625		2		3,697		3
Total Northeast region	10,649		14		584		1		3,027		12		14,260		10
West region:
California	4,137		5		2,069		5		1,269		5		7,475		5
Other Western states	2,384		3		845		2		1,232		5		4,461		3
Total West region	6,521		8		2,914		7		2,501		10		11,936		8
Midwest region:
Illinois	1,614		2		213		1		559		2		2,386		2
Ohio	638		1		41		—		581		2		1,260		1
Other Midwestern states	3,157		4		276		1		2,193		8		5,626		4
Total Midwest region	5,409		7		530		1		3,333		13		9,272		6
Foreign loans	2,127		3		—		—		69		—		2,196		2
Total		$78,224	100	%		$38,990	100	%		$26,084	100	%		$143,298	100	%

Loans Held for Investment

LHFI totaled $143.5 billion at March 31, 2017, an increase of $231 million, from December 31, 2016, driven by growth in consumer loans and commercial construction loans, offset partially by decreases in residential home equity products and C&I loans.

Average LHFI during the first quarter of 2017 totaled $143.7 billion, up $1.1 billion, or 1%, compared to the prior quarter, driven largely by growth in consumer loans, C&I loans, and commercial construction loans, offset partially by decreases in residential home equity products, nonguaranteed residential mortgage loans, and CRE loans. See the "Net Interest Income/Margin" section of this MD&A for more information regarding average loan balances.

Commercial loans increased $29 million, during the first quarter of 2017 compared to December 31, 2016, due to a $200 million, or 5%, increase in commercial construction loans due to advances on existing loans and a $71 million, or 1%, increase in CRE loans. The increases in commercial construction loans and CRE loans were offset largely by a $242 million decrease in C&I loans driven primarily by payoffs and paydowns in CIB.

Residential loans decreased $440 million, compared to December 31, 2016, driven largely by a $401 million, or 3%, decrease in residential home equity products as paydowns exceeded new originations and draws during the first quarter of 2017.

At March 31, 2017, 40% of our residential home equity products were in a first lien position and 60% were in a junior lien position. For residential home equity products in a junior

lien position, we own or service 31% of the loans that are senior to the home equity product. Approximately 13% of the home equity line portfolio is due to convert to amortizing term loans by the end of 2017 and an additional 15% enter the conversion phase over the following three years.

We perform credit management activities to limit our loss exposure on home equity accounts. These activities may result in the suspension of available credit and curtailment of available draws of most home equity junior lien accounts when the first lien position is delinquent, including when the junior lien is still current. We monitor the delinquency status of first mortgages serviced by other parties and actively monitor refreshed credit bureau scores of borrowers with junior liens, as these scores are highly sensitive to first lien mortgage delinquency. The loss severity on home equity junior lien accounts that default was approximately 71% and 74% at March 31, 2017 and December 31, 2016, respectively. The average borrower FICO score related to loans in our home equity portfolio was approximately 765 at both March 31, 2017 and December 31, 2016, and the average outstanding loan size was approximately $45,000 and $46,000 at March 31, 2017 and December 31, 2016, respectively.

Consumer loans increased $642 million, or 2%, during the first quarter of 2017, driven by growth across indirect loans, guaranteed student loans, and other direct loans. Specifically, indirect loans increased $331 million, or 3%, guaranteed student loans increased $229 million, or 4%, and other direct loans increased $133 million, or 2%.

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Loans Held for Sale

LHFS decreased $2.1 billion during the first quarter of 2017, driven primarily by decreased mortgage production.

Asset Quality

Our asset quality was strong during the first quarter of 2017, driven by economic growth, improved residential housing markets, and significant progress in working through problem energy-related exposure. Our solid position reflects the proactive actions we have taken over the past several years to de-risk, diversify, and improve the quality of our loan portfolio.

NPAs decreased $61 million, or 7%, compared to December 31, 2016, driven primarily by the continued resolution of problem energy-related exposures. At March 31, 2017, the ratio of NPLs to period-end LHFI was 0.55%, a decrease of four basis points compared to December 31, 2016, due to the aforementioned decrease in energy-related NPLs.

Net charge-offs were $112 million during the first quarter of 2017, compared to $136 million during the prior quarter and

$85 million during the first quarter of 2016. The net charge-off ratio was 0.32% for the first quarter of 2017, compared to 0.38% for the prior quarter and 0.25% for the first quarter of 2016. The decrease compared to the prior quarter was driven by lower net charge-offs associated with energy, commercial construction, and residential mortgages. The increase compared to the prior year quarter was driven primarily by higher commercial net charge-offs.

Early stage delinquencies were 0.72% of total loans at both March 31, 2017 and December 31, 2016. Early stage delinquencies, excluding government-guaranteed loans, were 0.22% and 0.27% at March 31, 2017 and December 31, 2016, respectively.

Going forward, assuming no significant changes in the macroeconomic environment, we continue to expect our overall net charge-off ratio to remain between 30 and 40 basis points for the full year 2017. We also expect our provision for loan losses to approximate net charge-offs, with some quarterly variability.

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ALLOWANCE FOR CREDIT LOSSES

The allowance for credit losses consists of the ALLL and the reserve for unfunded commitments. A rollforward of our allowance for credit losses and summarized credit loss experience is shown in Table 6. See Note 1, "Significant Accounting Policies," and the "Critical Accounting Policies"

MD&A section of our 2016 Annual Report on Form 10-K, as well as Note 7, "Allowance for Credit Losses," to the Consolidated Financial Statements in this Form 10-Q for further information regarding our ALLL accounting policy, determination, and allocation.

Summary of Credit Losses Experience							Table 6
	Three Months Ended March 31
(Dollars in millions)	2017			2016			% Change 4
Allowance for Credit Losses
Balance - beginning of period		$1,776			$1,815		(2	)%
Provision/(benefit) for unfunded commitments	2			(2		)	NM
Provision/(benefit) for loan losses:
Commercial loans	46			98			(53	)
Residential loans	5			(32		)	NM
Consumer loans	66			37			78
Total provision for loan losses	117			103			14
Charge-offs:
Commercial loans	(63		)	(32		)	97
Residential loans	(29		)	(41		)	(29	)
Consumer loans	(54		)	(39		)	38
Total charge-offs	(146		)	(112		)	30
Recoveries:
Commercial loans	13			10			30
Residential loans	9			6			50
Consumer loans	12			11			9
Total recoveries	34			27			26
Net charge-offs	(112		)	(85		)	32
Balance - end of period		$1,783			$1,831		(3	)%
Components:
ALLL		$1,714			$1,770		(3	)%
Unfunded commitments reserve 1	69			61			13
Allowance for credit losses		$1,783			$1,831		(3	)%
Average LHFI		$143,670			$138,372		4	%
Period-end LHFI outstanding	143,529			139,746			3
Ratios:
ALLL to period-end LHFI 2	1.20		%	1.27		%	(6	)%
ALLL to NPLs 3	2.18x			1.83x			19
ALLL to net charge-offs (annualized)	3.78x			5.20x			(27	)
Net charge-offs to average LHFI (annualized)	0.32		%	0.25		%	28

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

²$221 million and $255 million of LHFI measured at fair value at March 31, 2017 and 2016, respectively, were excluded from period-end LHFI in the calculation, as no allowance is recorded for loans measured at fair value. We believe that this presentation more appropriately reflects the relationship between the ALLL and loans that attract an allowance.

³ $3 million and $5 million of NPLs measured at fair value at March 31, 2017 and 2016, respectively, were excluded from NPLs in the calculation, as no allowance is recorded for NPLs measured at fair value. We believe that this presentation more appropriately reflects the relationship between the ALLL and NPLs that attract an allowance.

⁴ "NM" - Not meaningful. Those changes over 100 percent were not considered to be meaningful.

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Provision for Credit Losses

The total provision for credit losses includes the provision/(benefit) for loan losses and the provision/(benefit) for unfunded commitments. The provision for loan losses is the result of a detailed analysis performed to estimate an appropriate and adequate ALLL. For the first quarter of 2017, the total provision for loan losses increased $14 million compared to the same period in 2016, due primarily to moderately higher charge-off levels.

Our quarterly review processes to determine the level of reserves and provision are informed by trends in our LHFI portfolio (including historical loss experience, expected loss calculations, delinquencies, performing status, size and composition of the loan portfolio, and concentrations within the portfolio) combined with a view on economic conditions. In addition to internal credit quality metrics, the ALLL estimate is impacted by other indicators of credit risk associated with the portfolio, such as geopolitical and economic risks, and the increasing availability of credit and resultant higher levels of leverage for consumers and commercial borrowers.

Allowance for Loan and Lease Losses

ALLL by Loan Segment				Table 7
(Dollars in millions)	March 31, 2017			December 31, 2016
ALLL:
Commercial loans		$1,120			$1,124
Residential loans	354			369
Consumer loans	240			216
Total		$1,714			$1,709
Segment ALLL as a % of total ALLL:
Commercial loans	65		%	66		%
Residential loans	21			21
Consumer loans	14			13
Total	100		%	100		%
Segment LHFI as a % of total LHFI:
Commercial loans	54		%	55		%
Residential loans	27			27
Consumer loans	19			18
Total	100		%	100		%

The ALLL increased$5 million from December 31, 2016, to $1.7 billion at March 31, 2017. The slight increase was due primarily to loan growth and higher reserves associated with consumer loans. The ALLL to period-end LHFI ratio (excluding loans measured at fair value) increasedone basis point from December 31, 2016, to 1.20% at March 31, 2017. The ratio of the ALLL to total NPLs increased to 2.18x at March 31, 2017, compared to 2.03x at December 31, 2016, reflecting a decrease in NPLs driven by the continued resolution of problem energy-related exposures.

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NONPERFORMING ASSETS

Table 8 presents our NPAs:

							Table 8
(Dollars in millions)	March 31, 2017			December 31, 2016			% Change 3
Nonaccrual/NPLs:
Commercial loans:
C&I		$328			$390		(16	)%
CRE	6			7			(14	)
Commercial construction	18			17			6
Total commercial NPLs	352			414			(15	)
Residential loans:
Residential mortgages - nonguaranteed	179			177			1
Residential home equity products	237			235			1
Residential construction	12			12			—
Total residential NPLs	428			424			1
Consumer loans:
Other direct	5			6			(17	)
Indirect	4			1			NM
Total consumer NPLs	9			7			29
Total nonaccrual/NPLs 1		$789			$845		(7	)%
OREO 2		$62			$60		3	%
Other repossessed assets	7			14			(50	)
Total NPAs		$858			$919		(7	)%
Accruing LHFI past due 90 days or more		$1,227			$1,288		(5	)%
Accruing LHFS past due 90 days or more	1			1			—
TDRs:
Accruing restructured loans		$2,545			$2,535		—	%
Nonaccruing restructured loans 1	329			306			8
Ratios:
NPLs to period-end LHFI	0.55		%	0.59		%	(7	)%
NPAs to period-end LHFI, OREO, and other repossessed assets	0.60			0.64			(6	)

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

² Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by the VA. Proceeds due from the FHA and the VAare recorded as a receivable in other assets in the Consolidated Balance Sheets until the property is conveyed and the funds are received. The receivable related to proceeds due from theFHA or the VA totaled $50 million at both March 31, 2017 and December 31, 2016.

³ "NM" - not meaningful. Those changes over 100 percent were not considered to be meaningful.

NPAs decreased$61 million, or 7%, during the first quarter of 2017, and our ratio of NPLs to period-end LHFI was 0.55% at March 31, 2017, down four basis points from December 31, 2016. The decreases were driven primarily by the continued resolution of problem energy-related exposures.

Problem loans or loans with potential weaknesses, such as nonaccrual loans, loans over 90 days past due and still accruing, and TDR loans, are disclosed in the NPA table above. Loans with known potential credit problems that may not otherwise be disclosed in this table include accruing criticized commercial loans, which are disclosed along with additional credit quality information in Note 6, “Loans,” to the Consolidated Financial Statements in this Form 10-Q. At March 31, 2017 and December 31, 2016, there were no known significant potential problem loans that are not otherwise disclosed.

Nonperforming Loans

NPLs at March 31, 2017 totaled $789 million, a decrease of $56 million, or 7%, from December 31, 2016. Commercial NPLs decreased $62 million, or 15%, driven by a $62 million decrease in C&I NPLs due to paydowns and sales of energy-related NPLs during the first quarter of 2017. See the "Critical Accounting Policies" section of our 2016 Annual Report on Form 10-K for additional information regarding our policy on loans classified as nonaccrual.

Residential NPLs increased $4 million, or 1%, from December 31, 2016, and consumer NPLs increased $2 million, or 29%, from December 31, 2016. Interest income on consumer and residential nonaccrual loans, if recognized, is recognized on a cash basis. Interest income on commercial nonaccrual loans is not generally recognized until after the principal amount has been reduced to zero. We recognized $4 million and $5 million of

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interest income related to nonaccrual loans in the first quarter of 2017 and 2016, respectively. If all such loans had been accruing interest according to their original contractual terms, estimated interest income of $11 million and $10 million would have been recognized in the first quarter of 2017 and 2016, respectively.

Other Nonperforming Assets

OREOincreased$2 million, or 3%, during the first quarter of 2017 to $62 million at March 31, 2017. Sales of OREO resulted in proceeds of $12 million and $19 million during the first quarter of 2017 and 2016, respectively, contributing to net gains of $2 million and $2 million, respectively, inclusive of valuation reserves.

Most of our OREO properties are located in Florida, Georgia, Maryland, and Virginia. Residential and commercial real estate properties comprised 84% and 13%, respectively, of the $62 million in total OREO at March 31, 2017, with the remainder related to land. Upon foreclosure, the values of these properties were reevaluated and, if necessary, written down to their then-current estimated fair value less estimated costs to sell. Any further decreases in property values could result in additional losses as they are periodically revalued. See the "Non-recurring Fair Value Measurements" section within Note 15, "Fair Value Election and Measurement," to the Consolidated Financial Statements in this Form 10-Q for additional information.

Gains and losses on the sale of OREO are recorded in other noninterest expense in the Consolidated Statements of Income. Sales of OREO and the related gains or losses are highly dependent on our disposition strategy and buyer opportunities. We are actively managing and disposing of these foreclosed assets to minimize future losses.

Accruing loans past due 90 days or more included LHFI and LHFS, and totaled $1.2 billion and $1.3 billion at March 31, 2017 and December 31, 2016, respectively. Of these, 97% were government-guaranteed at both March 31, 2017 and December 31, 2016. Accruing LHFI past due 90 days or more decreased$61 million, or 5%, during the first quarter of 2017, driven by a $60 million decrease in government-guaranteed student loans.

Restructured Loans

To maximize the collection of loan balances, we evaluate troubled loans on a case-by-case basis to determine if a loan modification is appropriate. We pursue loan modifications when there is a reasonable chance that an appropriate modification

would allow our client to continue servicing the debt. For loans secured by residential real estate, if the client demonstrates a loss of income such that the client cannot reasonably support a modified loan, we may pursue short sales and/or deed-in-lieu arrangements. For loans secured by income producing commercial properties, we perform an in-depth and ongoing programmatic review of a number of factors, including cash flows, loan structures, collateral values, and guarantees to identify loans within our income producing commercial loan portfolio that are most likely to experience distress.

Based on our review of the aforementioned factors and our assessment of overall risk, we evaluate the benefits of proactively initiating discussions with our clients to improve a loan’s risk profile. In some cases, we may renegotiate terms of their loans so that they have a higher likelihood of continuing to perform. To date, we have restructured loans in a variety of ways to help our clients service their debt and to mitigate the potential for additional losses. The restructuring methods being offered to our residential clients are reductions in interest rates, extensions of terms, or forgiveness of principal. Specifically, for home equity lines nearing the end of the draw period and for commercial loans, the primary restructuring method is an extension of terms.

Loans with modifications deemed to be economic concessions resulting from borrower financial difficulties are reported as TDRs. Accruing loans may retain accruing status at the time of restructure and the status is determined by, among other things, the nature of the restructure, the borrower's repayment history, and the borrower's repayment capacity.

Nonaccruing loans that are modified and demonstrate a sustainable history of repayment performance in accordance with their modified terms, typically six months, are usually reclassified to accruing TDR status. Generally, once a residential loan becomes a TDR, we expect that the loan will continue to be reported as a TDR for its remaining life, even after returning to accruing status (unless the modified rates and terms at the time of modification were available in the market at the time of the modification, or if the loan is subsequently remodified at market rates). Some restructurings may not ultimately result in the complete collection of principal and interest (as modified by the terms of the restructuring), culminating in default, which could result in additional incremental losses. These potential incremental losses are factored into our ALLL estimate. The level of re-defaults will likely be affected by future economic conditions. See Note 6, “Loans,” to the Consolidated Financial Statements in this Form 10-Q for additional information.

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Table 9 presents our recorded investment of residential TDRs by payment status. Guaranteed loans that have been repurchased from Ginnie Mae under an early buyout clause and subsequently modified have been excluded from the table. Such loans totaled approximately $48 million and $53 million at March 31, 2017 and December 31, 2016, respectively.

Residential TDR Data											Table 9
	March 31, 2017
	Accruing TDRs						Nonaccruing TDRs
(Dollars in millions)	Current		Delinquent 1		Total		Current		Delinquent 1		Total
Residential mortgages - nonguaranteed		$1,495		$28		$1,523		$12		$77		$89
Residential home equity products	655		20		675		119		35		154
Residential construction	106		1		107		1		5		6
Total residential TDRs		$2,256		$49		$2,305		$132		$117		$249
	December 31, 2016
	Accruing TDRs						Nonaccruing TDRs
(Dollars in millions)	Current		Delinquent 1		Total		Current		Delinquent 1		Total
Residential mortgages - nonguaranteed		$1,527		$36		$1,563		$12		$73		$85
Residential home equity products	628		23		651		108		36		144
Residential construction	110		1		111		—		4		4
Total residential TDRs		$2,265		$60		$2,325		$120		$113		$233

¹ TDRs considered delinquent for purposes of this table were those at least thirty days past due.

At March 31, 2017, our total TDR portfolio was $2.9 billion and was comprised of $2.6 billion, or 89%, of residential loans (predominantly first and second lien residential mortgages and home equity lines of credit), $170 million, or 6%, of consumer loans, and $150 million, or 5%, of commercial loans. Total TDRs increased $33 million, or 1%, from December 31, 2016. Nonaccruing TDRs increased $23 million, or 8%, and accruing TDRs increased $10 million from December 31, 2016.

Generally, interest income on restructured loans that have met sustained performance criteria and returned to accruing

status is recognized according to the terms of the restructuring. Such recognized interest income was $27 million and $28 million for the first quarter of 2017 and 2016, respectively. If all such loans had been accruing interest according to their original contractual terms, estimated interest income of $33 million and $35 million for the first quarter of 2017 and 2016, respectively, would have been recognized.

SELECTED FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE

The following is a discussion of the more significant financial assets and financial liabilities that are measured at fair value on the Consolidated Balance Sheets at March 31, 2017 and December 31, 2016. For a complete discussion of our financial instruments measured at fair value and the methodologies used to estimate the fair values of our financial instruments, see Note 15, “Fair Value Election and Measurement,” to the Consolidated Financial Statements in this Form 10-Q.

Trading Assets and Liabilities and Derivative Instruments

Trading assets and derivative instruments decreased $60 million, or 1%, compared to December 31, 2016. This decrease was due primarily to decreases in net derivative instruments, federal agency securities, U.S. Treasury securities, U.S. states and political subdivisions, and corporate and other debt securities, offset largely by an increase in CP. These changes were driven by normal changes in the trading portfolio product mix as we

manage our business and continue to meet our clients' needs. Trading liabilities and derivative instruments decreased $126 million, or 9%, compared to December 31, 2016, due primarily to decreases in U.S. Treasury securities and net derivative instruments, offset partially by an increase in corporate and other debt securities. For composition and valuation assumptions related to our trading products, as well as additional information on our derivative instruments, see Note 4, “Trading Assets and Liabilities and Derivative Instruments,” Note 14, “Derivative Financial Instruments,” and the “Trading Assets and Derivative Instruments and Securities Available for Sale” section of Note 15, “Fair Value Election and Measurement,” to the Consolidated Financial Statements in this Form 10-Q. Also, for a discussion of market risk associated with our trading activities, refer to the “Market Risk Management—Market Risk from Trading Activities” section of this MD&A.

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Securities Available for Sale
							Table 10
	March 31, 2017
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,488		$5		$71		$5,422
Federal agency securities	297		6		1		302
U.S. states and political subdivisions	319		7		4		322
MBS - agency	23,791		291		287		23,795
MBS - non-agency residential	68		3		—		71
MBS - non-agency commercial	539		1		6		534
ABS	7		2		—		9
Corporate and other debt securities	34		—		—		34
Other equity securities 1	638		1		1		638
Total securities AFS		$31,181		$316		$370		$31,127

¹ At March 31, 2017, the fair value of other equity securities was comprised of the following: $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $119 million of mutual fund investments, and $6 million of other.

	December 31, 2016
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,486		$5		$86		$5,405
Federal agency securities	310		5		2		313
U.S. states and political subdivisions	279		5		5		279
MBS - agency	23,642		313		293		23,662
MBS - non-agency residential	71		3		—		74
MBS - non-agency commercial	257		—		5		252
ABS	8		2		—		10
Corporate and other debt securities	34		1		—		35
Other equity securities 1	642		1		1		642
Total securities AFS		$30,729		$335		$392		$30,672

¹ At December 31, 2016, the fair value of other equity securities was comprised of the following: $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $102 million of mutual fund investments, and $6 million of other.

The securities AFS portfolio is managed as part of our overall liquidity management and ALM process to optimize income and portfolio value over an entire interest rate cycle while mitigating the associated risks. Changes in the size and composition of the portfolio reflect our efforts to maintain a high quality, liquid portfolio, while managing our interest rate risk profile. The amortized cost of the portfolio increased $452 million during the three months ended March 31, 2017, due primarily to increased holdings of non-agency commercial MBS and agency MBS as proceeds from maturities were reinvested. The fair value of the securities AFS portfolio increased $455 million compared to December 31, 2016, due primarily to the aforementioned additions and a $3 million decrease in net unrealized losses. At March 31, 2017, the overall securities AFS portfolio was in a $54 million net unrealized loss position.

For both the three months ended March 31, 2017 and 2016, there were no net realized gains, net realized losses, or OTTI losses recognized in earnings. For additional information on our accounting policies, composition, and valuation assumptions related to the securities AFS portfolio, see Note 1, "Significant Accounting Policies," to our 2016 Annual Report on Form 10-K, as well as Note 5, "Securities Available for Sale," and the “Trading Assets and Derivative Instruments and Securities Available for Sale” section of Note 15, “Fair Value Election and

Measurement,” to the Consolidated Financial Statements in this Form 10-Q.

For the three months ended March 31, 2017, the average yield on the securities AFS portfolio was 2.42%, compared to 2.39% for the three months ended March 31, 2016. The increase in average yield was due primarily to lower MBS premium amortization in the current period. See additional discussion related to average yields on securities AFS in the "Net Interest Income/Margin" section of this MD&A.

The securities AFS portfolio had an effective duration of 4.8 years at March 31, 2017 compared to 4.6 years at December 31, 2016. Effective duration is a measure of price sensitivity of a bond portfolio to an immediate change in market interest rates, taking into consideration embedded options. An effective duration of 4.8 years suggests an expected price change of approximately 4.8% for a 100 basis point instantaneous and parallel change in market interest rates.

The credit quality and liquidity profile of the securities AFS portfolio remained strong at March 31, 2017 and consequently, we believe that we have the flexibility to respond to changes in the economic environment and take actions as opportunities arise to manage our interest rate risk profile and balance liquidity risk against investment returns. Over the longer term, the size and composition of the securities AFS portfolio will reflect balance sheet trends, our overall liquidity objectives, and interest rate

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risk management objectives. Accordingly, the size and composition of the securities AFS portfolio could change over time.

Federal Home Loan Bank and Federal Reserve Bank Stock

We previously acquired capital stock in the FHLB of Atlanta as a precondition for becoming a member of that institution. As a member, we are able to take advantage of competitively priced advances as a wholesale funding source and to access grants and low-cost loans for affordable housing and community development projects, among other benefits. At March 31, 2017, we held a total of $111 million of capital stock in the FHLB of Atlanta, a decrease of $21 million compared to December 31, 2016. This decrease was due to our redemption of FHLB of Atlanta capital stock in the first quarter of 2017 related to a decrease in FHLB borrowings during the same period. For both the three months ended March 31, 2017 and 2016, we recognized an immaterial amount of dividends related to FHLB capital stock.

Similarly, to remain a member of the Federal Reserve System, we are required to hold a certain amount of capital stock, determined as either a percentage of the Bank’s capital or as a percentage of total deposit liabilities. At March 31, 2017, we held $402 million of Federal Reserve Bank of Atlanta stock, unchanged from December 31, 2016. For both the three months ended March 31, 2017 and 2016, we recognized dividends related to Federal Reserve Bank of Atlanta stock of $2 million.

BORROWINGS

Short-Term Borrowings

Our total period end short-term borrowings at March 31, 2017 decreased $68 million, or 1%, from December 31, 2016, driven by a $1.1 billion decrease in funds purchased, offset largely by increases of $940 million and $71 million in other short-term borrowings and securities sold under agreements to repurchase, respectively. The increase in other short-term borrowings was due to a $1.0 billion increase in outstanding FHLB advances.

Long-Term Debt

During the three months ended March 31, 2017, our long-term debt decreased by $1.3 billion, or 11%. This decrease was driven by the early termination of $1.5 billion of long-term FHLB advances, $850 million of senior note maturities, and $188 million of subordinated note maturities. Partially offsetting these reductions were our first quarter of 2017 issuances of $1.0 billion of 3-year fixed rate senior notes and $300 million of 3-year floating rate senior notes under our Global Bank Note program. These issuances allowed us to add to our funding sources at favorable borrowing rates and pay down maturing Bank debt.

CAPITAL RESOURCES

Regulatory Capital

Our primary federal regulator, the Federal Reserve, measures capital adequacy within a framework that sets capital requirements relative to the risk profiles of individual banks. The framework assigns risk weights to assets and off-balance sheet

risk exposures according to predefined classifications, creating a base from which to compare capital levels. We measure capital adequacy using the standardized approach to the FRB's Basel III Final Rule.

In January 2017, the FRB released a final rule that revises capital plan and stress test rules, whereby certain BHCs, such as us, will no longer be subject to the qualitative component of the annual CCAR. The final rule also modifies certain regulatory reports to collect additional information on nonbank assets and to reduce reporting burdens for large and noncomplex firms. This final rule has no impact on our minimum capital requirements.

CET1 is limited to common equity and related surplus (net of treasury stock), retained earnings, AOCI, and common equity minority interest, subject to limitations. Certain regulatory adjustments and exclusions are made to CET1, including removal of goodwill, other intangible assets, certain DTAs, and certain defined benefit pension fund net assets. Further, banks employing the standardized approach to Basel III were granted a one-time permanent election to exclude AOCI from the calculation of regulatory capital. We elected to exclude AOCI from the calculation of our CET1.

Tier 1 capital includes CET1, qualified preferred equity instruments, qualifying minority interest not included in CET1, subject to limitations, and certain other regulatory deductions. Tier 2 capital includes qualifying portions of subordinated debt, trust preferred securities and minority interest not included in Tier 1 capital, ALLL up to a maximum of 1.25% of RWA, and a limited percentage of unrealized gains on equity securities. Total capital consists of Tier 1 capital and Tier 2 capital.

To be considered "adequately capitalized," we are subject to minimum CET1, Tier 1 capital, and Total capital ratios of 4.5%, 6%, and 8%, respectively, plus, beginning in 2016, a CCB amount of 0.625% is required to be maintained above the minimum capital ratios. The CCB will continue to increase each year through January 1, 2019, when the CCB amount will be fully phased-in at 2.5% above the minimum capital ratios. The CCB places restrictions on the amount of retained earnings that may be used for capital distributions or discretionary bonus payments as risk-based capital ratios approach their respective “adequately capitalized” minimum capital ratios plus the CCB. To be considered “well-capitalized,” Tier 1 and Total capital ratios of 6% and 10%, respectively, are required.

We are also subject to a Tier 1 leverage ratio requirement, which measures Tier 1 capital against average total assets less certain deductions, as calculated in accordance with regulatory guidelines. The minimum leverage ratio threshold is 4% and is not subject to the CCB.

A transition period applies to certain capital elements and risk weighted assets, where phase-in percentages are applicable in the calculations of capital and RWA. One of the more significant transitions required by the Basel III Final Rule relates to the risk weighting applied to MSRs, which will impact the CET1 ratio during the transition period when compared to the CET1 ratio that is calculated on a fully phased-in basis. Specifically, the fully phased-in risk weight of MSRs is 250%, while the risk weight to be applied during the transition period is 100%. The transition period is applicable from January 1, 2015 through December 31, 2017. Table 11 presents the Company's transitional Basel III regulatory capital metrics.

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Regulatory Capital Metrics 1				Table 11
(Dollars in millions)	March 31, 2017			December 31, 2016
Regulatory capital:
CET1		$16,842			$16,953
Tier 1 capital	18,071			18,186
Total capital	21,497			21,685
Assets:
RWA		$173,821			$176,825
Average total assets for leverage ratio	198,926			197,272
Risk-based ratios:
CET1	9.69		%	9.59		%
CET1 - fully phased-in 2	9.54			9.43
Tier 1 capital	10.40			10.28
Total capital	12.37			12.26
Leverage	9.08			9.22
Total shareholders’ equity to assets	11.42			11.53

¹ We calculated these measures based on the methodology specified by our primary regulator, which may differ from the calculations used by other financial services companies that present similar metrics.

² The CET1 ratio on a fully phased-in basis at March 31, 2017 is estimated. See Table 20, "Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures," in this MD&A for a reconciliation of our transitional CET1 ratio to our fully phased-in, estimated CET1 ratio.

All of our capital ratios, except for the Leverage ratio, increased compared to December 31, 2016, driven primarily by growth in retained earnings and a decline in RWA due to decreased on- and off-balance sheet exposures. At March 31, 2017, our capital ratios were well above current regulatory requirements.

Our estimate of the fully phased-in CET1 ratio of 9.54% at March 31, 2017 considers a 250% risk-weighting for MSRs, which is the primary driver for the difference in the transitional CET1 ratio compared to the estimated fully phased-in ratio at March 31, 2017. Our estimated fully phased-in ratio is in excess of the 4.5% minimum CET1 ratio, and is also in excess of the 7.0% limit that includes the minimum level of 4.5% plus the 2.5% fully phased-in CCB. See Table 20, "Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures," in this MD&A for a reconciliation of our fully phased-in CET1 ratio. Also see Note 13, "Capital," to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information regarding our regulatory capital adequacy requirements and metrics.

Capital Actions

We declared and paid common dividends of $128 million, or $0.26 per common share, during the three months ended March 31, 2017, compared to $121 million, or $0.24 per common share, during the three months ended March 31, 2016. Additionally, we declared dividends on our preferred stock of $17 million during both the three months ended March 31, 2017 and 2016.

Various regulations administered by federal and state bank regulatory authorities restrict the Bank's ability to distribute its retained earnings. At March 31, 2017 and December 31, 2016, the Bank's capacity to pay cash dividends to the Parent Company under these regulations totaled approximately $1.7 billion and $2.5 billion, respectively.

During the first quarter of 2017, we repurchased $414 million of our outstanding common stock, which included $240 million under our 2016 capital plan and an incremental $174

million pursuant to the 1% of Tier 1 capital de minimis exception allowed under the applicable 2016 Capital Plan Rule. We expect to repurchase an additional $240 million of outstanding common stock during the second quarter of 2017, which would complete our authorized common equity repurchases as approved by the Board in conjunction with the 2016 capital plan. Also, in April 2017 we submitted our 2017 capital plan to the Federal Reserve for review in conjunction with the 2017 CCAR, and we anticipate receiving feedback in June 2017 regarding this submission. See Item 5 and Note 13, "Capital," to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K, as well as Part II, Item 2 in this Form 10-Q for additional information regarding our 2016 capital plan and related share repurchase activity.

In May 2017, we issued depositary shares representing ownership interest in 7,500 shares of Perpetual Preferred Stock, Series G, with no par value and $100,000 liquidation preference per share (the "Series G Preferred Stock"). As a result of this issuance, we expect to receive net proceeds of approximately $743 million after the underwriting discount, but before expenses, and intend to use the net proceeds for general corporate purposes. The Series G Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company to redeem, repurchase, or retire the shares. Dividends for the shares are noncumulative and, if declared, will be payable semi-annually beginning on December 15, 2017 through June 15, 2022 at a rate per annum of 5.05%, and payable quarterly beginning on September 15, 2022 at a rate per annum equal to the three-month LIBOR plus 3.10%. By its terms, we may redeem the Series G Preferred Stock on any dividend payment date occurring on or after June 15, 2022 or at any time within 90 days following a regulatory capital event, at a redemption price of $1,000 per depositary share plus any declared and unpaid dividends. Except in certain limited circumstances, the Series G Preferred Stock does not have any voting rights.

CRITICAL ACCOUNTING POLICIES

There have been no significant changes to our Critical Accounting Policies as described in our 2016 Annual Report on Form 10-K.

ENTERPRISE RISK MANAGEMENT

Except as noted below, there have been no other significant changes in our Enterprise Risk Management practices as described in our 2016 Annual Report on Form 10-K.

In the first quarter of 2017, the Company added an enterprise governance committee known as the Business Practices Committee ("BPC"). The BPC is chaired by the Chief Human Resources Officer and is responsible for ensuring alignment of the Company's business practices with its core purpose, principles, and values. The BPC also serves as the forum for enterprise reputational risk exposures.

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Credit Risk Management

There have been no significant changes in our Credit Risk Management practices as described in our 2016 Annual Report on Form 10-K.

Operational Risk Management

There have been no significant changes in our Operational Risk Management practices as described in our 2016 Annual Report on Form 10-K.

Market Risk Management

Market risk refers to potential losses arising from changes in interest rates, foreign exchange rates, equity prices, commodity prices, and other relevant market rates or prices. Interest rate risk, defined as the exposure of net interest income and MVE to changes in interest rates, is our primary market risk and mainly arises from the composition of our balance sheet. Variable rate loans, prior to any hedging related actions, were approximately 59% of total loans at March 31, 2017, and after giving consideration to hedging related actions, were approximately 49% of total loans. Approximately 3% of our variable rate loans at March 31, 2017 had coupon rates that were equal to a contractually specified interest rate floor. In addition to interest rate risk, we are also exposed to market risk in our trading instruments measured at fair value. Our ALCO meets regularly and is responsible for reviewing the asset/liability management and liquidity risk position of the Company in conformance with the established policies and limits designed to measure, monitor, and control market risk.

Market Risk from Non-Trading Activities

The primary goal of interest rate risk management is to control exposure to interest rate risk, within policy limits approved by the Board. These limits reflect our appetite for interest rate risk over both short-term and long-term horizons. No limit breaches occurred during the three months ended March 31, 2017.

The major sources of our non-trading interest rate risk are timing differences in the maturity and repricing characteristics of assets and liabilities, changes in the shape of the yield curve, as well as the embedded optionality in our products and related customer behavior. We measure these risks and their impact by identifying and quantifying exposures through the use of sophisticated simulation and valuation models, which, as described in additional detail below, are employed by management to understand net interest income sensitivity and MVE sensitivity. These measures show that our interest rate risk profile is moderately asset sensitive at March 31, 2017.

MVE and net interest income sensitivity are complementary interest rate risk metrics and should be viewed together. Net interest income sensitivity captures asset and liability repricing differences for one year, inclusive of forecast balance sheet changes, and is considered a shorter term measure. MVE sensitivity captures the change in the discounted net present value of all on- and off-balance sheet items and is considered a longer term measure.

Positive net interest income sensitivity in a rising rate environment indicates that over the forecast horizon of one year, asset based interest income will increase more quickly than liability based interest expense due to balance sheet

composition. A negative MVE sensitivity in a rising rate environment indicates that the value of financial assets will decrease more than the value of financial liabilities.

One of the primary methods that we use to quantify and manage interest rate risk is simulation analysis, which we use to model net interest income from assets, liabilities, and derivative positions under various interest rate scenarios and balance sheet structures. This analysis measures the sensitivity of net interest income over a two-year time horizon, which differs from the interest rate sensitivities in Table 12, which reflect a one-year time horizon. Key assumptions in the simulation analysis (and in the valuation analysis discussed below) relate to the behavior of interest rates and spreads, the changes in product balances, and the behavior of loan and deposit clients in different rate environments. This analysis incorporates several assumptions, the most significant of which relate to the repricing and behavioral fluctuations of deposits with indeterminate or non-contractual maturities.

As the future path of interest rates is not known, we use simulation analysis to project net interest income under various scenarios including implied forward, deliberately extreme, and other scenarios that are unlikely. The analyses may include rapid and gradual ramping of interest rates, rate shocks, basis risk analysis, and yield curve twists. Specific strategies are also analyzed to determine their impact on net interest income levels and sensitivities.

The sensitivity analysis presented in Table 12 is measured as a percentage change in net interest income due to instantaneous moves in benchmark interest rates. Estimated changes below are dependent upon material assumptions such as those previously discussed.

Net Interest Income Asset Sensitivity		Table 12
	Estimated % Change in Net Interest Income Over 12 Months 1
	March 31, 2017	December 31, 2016
Rate Change
+200 bps	3.2%	3.3%
+100 bps	1.8%	1.9%
-25 bps	(0.6)%	(0.6)%

¹ Estimated % change of net interest income is reflected on a non-FTE basis.

Net interest income asset sensitivity at March 31, 2017 decreased slightly compared to December 31, 2016, driven primarily by growth in fixed rate consumer loans and a decrease in floating rate C&I loans. See additional discussion related to net interest income in the "Net Interest Income/Margin" section of this MD&A.

We also perform valuation analyses, which we use for discerning levels of risk present in the balance sheet and derivative positions that might not be taken into account in the net interest income simulation horizon. Whereas a net interest income simulation highlights exposures over a relatively short time horizon, our valuation analysis incorporates all cash flows over the estimated remaining life of all balance sheet and derivative positions.

The valuation of the balance sheet, at a point in time, is defined as the discounted present value of asset and derivative

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cash flows minus the discounted present value of liability cash flows, the net of which is referred to as MVE. The sensitivity of MVE to changes in the level of interest rates is a measure of the longer-term repricing risk and embedded optionality in the balance sheet. Similar to the net interest income simulation, MVE uses instantaneous changes in rates. However, MVE values only the current balance sheet and does not incorporate originations of new/replacement business or balance sheet growth that are used in the net interest income simulation model. As with the net interest income simulation model, assumptions about the timing and variability of balance sheet cash flows are critical in the MVE analysis. Significant MVE assumptions include those that drive prepayment speeds, expected changes in balances, and pricing of the indeterminate deposit portfolios.

At March 31, 2017, the MVE profile in Table 13 indicates a decline in net balance sheet value due to instantaneous upward changes in rates. This MVE sensitivity is reported for both upward and downward rate shocks. 

Market Value of Equity Sensitivity		Table 13
	Estimated % Change in MVE
	March 31, 2017	December 31, 2016
Rate Change
+200 bps	(9.2)%	(9.1)%
+100 bps	(4.3)%	(4.2)%
-25 bps	0.8%	0.8%

The slight increase in MVE sensitivity at March 31, 2017 compared to December 31, 2016 was due to higher balance sheet duration, driven primarily by slower prepayment speeds within our securities AFS portfolio. The 10-year swap rate at March 31, 2017 increased four basis points to 2.38%, compared to 2.34% at December 31, 2016. While an instantaneous and severe shift in interest rates was used in this analysis to provide an estimate of exposure under these rate scenarios, we believe that a gradual shift in interest rates would have a much more modest impact.

Since MVE measures the discounted present value of cash flows over the estimated lives of instruments, the change in MVE does not directly correlate to the degree that earnings would be impacted over a shorter time horizon (i.e., the current year). Furthermore, MVE does not take into account factors such as future balance sheet growth, changes in product mix, changes in yield curve relationships, and changing product spreads that could mitigate the impact of changes in interest rates. The net interest income simulation and valuation analyses do not include actions that management may undertake to manage this risk in response to anticipated changes in interest rates.

Market Risk from Trading Activities

We manage market risk associated with trading activities using a comprehensive risk management approach, which includes VAR metrics, stress testing, and sensitivity analyses. Risk metrics are measured and monitored on a daily basis at both the trading desk and at the aggregate portfolio level to ensure exposures are in line with our risk appetite. Our risk measurement for covered positions takes into account trading exposures resulting from interest rate risk, equity risk, foreign exchange rate risk, credit spread risk, and commodity price risk.

For trading portfolios, VAR measures the estimated maximum loss from one or more trading positions, given a specified confidence level and time horizon. VAR results are monitored daily against established limits. For risk management purposes, our VAR calculation is based on a historical simulation and measures the potential trading losses using a one-day holding period at a one-tail, 99% confidence level. This means that, on average, trading losses could be expected to exceed VAR one out of 100 trading days or two to three times per year. Due to inherent limitations of the VAR methodology, such as the assumption that past market behavior is indicative of future market performance, VAR is only one of several tools used to manage market risk. Other tools used to actively manage market risk include scenario analysis, stress testing, profit and loss attribution, and stop loss limits.

In addition to VAR, as required by the Market Risk Rule issued by the U.S. banking regulators, we calculate Stressed VAR, which is used as a component of the total market risk capital charge. We calculate the Stressed VAR risk measure using a ten-day holding period at a one-tail, 99% confidence level and employ a historical simulation approach based on a continuous twelve-month historical window selected to reflect a period of significant financial stress for our trading portfolio. The historical period used in the selection of the stress window encompasses all recent financial crises including the 2008-2009 global financial crisis. Our Stressed VAR calculation uses the same methodology and models as regular VAR, which is a requirement under the Market Risk Rule. Table 14 presents VAR and Stressed VAR for the three months ended March 31, 2017 and 2016, as well as VAR by Risk Factor at March 31, 2017 and 2016.

Value at Risk Profile	Table 14
	Three Months Ended March 31
(Dollars in millions)	2017		2016
VAR (1-day holding period):
Period end		$2		$2
High	3		3
Low	2		2
Average	2		3
Stressed VAR (10-day holding period):
Period end		$43		$19
High	54		31
Low	22		8
Average	35		22
VAR by Risk Factor at period end (1-day holding period):
Equity risk		$1		$2
Interest rate risk	2		2
Credit spread risk	3		1
VAR total at period end (1-day diversified)	2		2

The trading portfolio, measured in terms of VAR, is predominantly comprised of four sub-portfolios of covered positions: (i) credit trading, (ii) fixed income securities, (iii) interest rate derivatives, and (iv) equity derivatives. The trading portfolio also contains other sub-portfolios, including foreign exchange rate and commodity derivatives; however, these trading risk exposures are not material. Our covered positions

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originate primarily from underwriting, market making and associated risk mitigating hedging activity, and other services for our clients. As illustrated in Table 14, average daily VAR was lower for the three months ended March 31, 2017 compared to the same period in 2016. The decline was driven by several factors, including lower market volatility and lower debt underwriting inventory in the first quarter of 2017 compared to the same period in 2016. Nonetheless, due to more favorable market conditions, balance sheet usage within our credit trading portfolio normalized compared to the first quarter of 2016. Consequently, both credit spread risk VAR and Stressed VAR were higher at March 31, 2017 compared to March 31, 2016. The trading portfolio of covered positions did not contain any correlation trading positions or on- or off-balance sheet securitization positions in the first quarters of 2017 or 2016.

In accordance with the Market Risk Rule, we evaluate the accuracy of our VAR model through daily backtesting by

comparing aggregate daily trading gains and losses (excluding fees, commissions, reserves, net interest income, and intraday trading) from covered positions with the corresponding daily VAR-based measures generated by the model. As illustrated in the following graph for the twelve months ended March 31, 2017, there were no firmwide VAR backtesting exceptions during this period. There was a near VAR backtest exception in November 2016, due largely to the post-election sell-off in U.S. bond markets, which temporarily impacted our fixed income and credit trading portfolios. The total number of VAR backtesting exceptions over the preceding twelve months is used to determine the multiplication factor for the VAR-based capital requirement under the Market Risk Rule. The capital multiplication factor increases from a minimum of three to a maximum of four, depending on the number of exceptions. There was no change in the capital multiplication factor over the preceding twelve months.

We have valuation policies, procedures, and methodologies for all covered positions. Additionally, trading positions are reported in accordance with U.S. GAAP and are subject to independent price verification. See Note 14, "Derivative Financial Instruments" and Note 15, "Fair Value Election and Measurement" to the Consolidated Financial Statements in this Form 10-Q, as well as the "Critical Accounting Policies" MD&A section of our 2016 Annual Report on Form 10-K for discussion of valuation policies, procedures, and methodologies.

Model risk management: Our approach for validating and evaluating the accuracy of internal and external models, and associated processes, includes developmental and

implementation testing as well as ongoing monitoring and maintenance performed by the various model developers in conjunction with model owners. Our MRMG is responsible for the independent model validation of all trading risk models. The validation typically includes evaluation of all model documentation, as well as model monitoring and maintenance plans. In addition, the MRMG performs its own independent testing. We regularly review the performance of all trading risk models through our model monitoring and maintenance process to preemptively address emerging developments in financial markets, assess evolving modeling approaches, and to identify potential model enhancement.

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Stress testing: We use a comprehensive range of stress testing techniques to help monitor risks across trading desks and to augment standard daily VAR and other risk limits reporting. The stress testing framework is designed to quantify the impact of extreme, but plausible, stress scenarios that could lead to large unexpected losses. Our stress tests include historical repeats and simulations using hypothetical risk factor shocks. All trading positions within each applicable market risk category (interest rate risk, equity risk, foreign exchange rate risk, credit spread risk, and commodity price risk) are included in our comprehensive stress testing framework. We review stress testing scenarios on an ongoing basis and make updates as necessary to ensure that both current and emerging risks are captured appropriately.

Trading portfolio capital adequacy: We assess capital adequacy on a regular basis, which is based on estimates of our risk profile and capital positions under baseline and stressed scenarios. Scenarios consider significant risks, including credit risk, market risk, and operational risk. Our assessment of capital adequacy arising from market risk includes a review of risk arising from material portfolios of covered positions. See the “Capital Resources” section in this MD&A for additional discussion of capital adequacy.

Liquidity Risk Management

Liquidity risk is the risk of being unable, at a reasonable cost, to meet financial obligations as they come due. We manage liquidity risk consistent with our ER management practices in order to mitigate our three primary liquidity risks: (i) structural liquidity risk, (ii) market liquidity risk, and (iii) contingent liquidity risk. Structural liquidity risk arises from our maturity transformation activities and balance sheet structure, which may create differences in the timing of cash inflows and outflows. Market liquidity risk, which we also describe as refinancing or refunding risk, constitutes the risk that we could lose access to the financial markets or the cost of such access may rise to undesirable levels. Contingent liquidity risk arises from rare and severely adverse liquidity events; these events may be idiosyncratic or systemic, or a combination thereof.

We mitigate these risks utilizing a variety of tested liquidity management techniques in keeping with regulatory guidance and industry best practices. For example, we mitigate structural liquidity risk by structuring our balance sheet prudently so that we fund less liquid assets, such as loans, with stable funding sources, such as consumer and commercial deposits, long-term debt, and capital. We mitigate market liquidity risk by maintaining diverse borrowing resources to fund projected cash needs and structuring our liabilities to avoid maturity concentrations. We test contingent liquidity risk from a range of potential adverse circumstances in our contingency funding scenarios. These scenarios inform the amount of contingent liquidity sources we maintain as a liquidity buffer to ensure we can meet our obligations in a timely manner under adverse contingent liquidity events.

Governance. We maintain a comprehensive liquidity risk governance structure in keeping with regulatory guidance and industry best practices. Our Board, through the BRC, oversees liquidity risk management and establishes our liquidity risk

appetite via a set of cascading risk limits. The BRC reviews and approves risk policies to establish these limits and regularly reviews reports prepared by senior management to monitor compliance with these policies. The Board charges the CEO with determining corporate strategies in accordance with its risk appetite and the CEO is a member of our ALCO, which is the executive level committee with oversight of liquidity risk management. The ALCO regularly monitors our liquidity and compliance with liquidity risk limits, and also reviews and approves liquidity management strategies and tactics.

Management and Reporting Framework. Corporate Treasury, under the oversight of the ALCO, is responsible for managing consolidated liquidity risks we encounter in the course of our business. In so doing, Corporate Treasury develops and implements short-term and long-term liquidity management strategies, funding plans, and liquidity stress tests, and also monitors early warning indicators; all of which assist in identifying, measuring, monitoring, reporting, and managing our liquidity risks. Corporate Treasury primarily monitors and manages liquidity risk at the Parent Company and Bank levels as the non-bank subsidiaries are relatively small and ultimately rely upon the Parent Company as a source of liquidity in adverse environments. However, Corporate Treasury also monitors liquidity developments of, and maintains a regular dialogue with, our other legal entities.

MRM conducts independent oversight and governance of liquidity risk management activities. For example, MRM works with Corporate Treasury to ensure our liquidity risk management practices conform to applicable laws and regulations and evaluates key assumptions incorporated in our contingency funding scenarios.

Further, the internal audit function performs the risk assurance role for liquidity risk management. Internal audit conducts an independent assessment of the adequacy of internal controls, including procedural documentation, approval processes, reconciliations, and other mechanisms employed by liquidity risk management and MRM to ensure that liquidity risk is consistent with applicable policies, procedures, laws, and regulations.

LCR requirements under Regulation WW became effective for us on January 1, 2016. The LCR requires banking organizations to hold unencumbered high-quality liquid assets sufficient to withstand projected cash outflows under a prescribed liquidity stress scenario. Regulation WW requires that we maintain an LCR above 100% beginning January 1, 2017. We have met LCR requirements within the regulatory timelines and at March 31, 2017, our LCR was above the 100% regulatory requirement.

On May 3, 2016, Federal banking regulators issued a joint proposed rule that would implement a stable funding requirement, the net stable funding ratio, for large and internationally active banking organizations, and would modify certain definitions in the LCR Final Rule, which was finalized in September 2014. The proposed NSFR requirement seeks to (i) reduce vulnerability to liquidity risk in financial institution funding structures and (ii) promote improved standardization in the measurement, management and disclosure of liquidity risk. It would apply to the same large and internationally active banking organizations that are subject to the LCR rule, but with

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a broader focus. It seeks to require stable funding relative to each bank’s entire balance sheet using a one-year time horizon rather than the LCR's short-term, 30-day stress test requirement. The proposed rule contains an implementation date of January 1, 2018.

On December 19, 2016 the Federal Reserve published a final rule implementing public disclosure requirements for bank holding companies subject to the LCR that will require them to publicly disclose quantitative and qualitative information regarding their respective LCR calculations on a quarterly basis. We will be required to begin disclosing elements under this final rule beginning on October 1, 2018.

Uses of Funds. Our primary uses of funds include the extension of loans and credit, the purchase of investment securities, working capital, and debt and capital service. The Bank and the Parent Company borrow from the money markets using instruments such as Fed funds, Eurodollars, and securities sold under agreements to repurchase. At March 31, 2017, the Bank retained a material cash position in its Federal Reserve account. The Parent Company also retains a material cash position in its Federal Reserve account in accordance with our policies and risk limits, discussed in greater detail below.

Sources of Funds. Our primary source of funds is a large, stable deposit base. Core deposits, predominantly made up of consumer and commercial deposits originated primarily from our retail branch network and Wholesale Banking client base, are our largest and most cost-effective source of funding. Total deposits increased to $162.9 billion at March 31, 2017, from $160.4 billion at December 31, 2016.

We also maintain access to diversified sources for both secured and unsecured wholesale funding. These uncommitted sources include Fed funds purchased from other banks, securities sold under agreements to repurchase, FHLB advances, and Global Bank Notes. Aggregate borrowings decreased to $15.2 billion at March 31, 2017, from $16.5 billion at December 31, 2016. This decrease was due primarily to strong deposit growth in the first quarter of 2017.

As mentioned above, the Bank and Parent Company maintain programs to access the debt capital markets. The Parent Company maintains an SEC shelf registration from which it may issue senior or subordinated notes and various capital securities, such as common or preferred stock. Our Board has authorized the issuance of up to $5.0 billion of such securities, of which $3.0 billion of issuance capacity remained available at March 31, 2017.

The Bank maintains a Global Bank Note program under which it may issue senior or subordinated debt with various terms. In January 2017, the Bank issued $1.0 billion of 3-year fixed rate senior notes under this program. Also in January 2017, the Bank issued $300 million of 3-year floating rate senior notes under the program. At March 31, 2017, the Bank retained $34.6 billion of remaining capacity to issue notes under the Global Bank Note program.

Our issuance capacity under these Bank and Parent Company programs refers to authorization granted by our Board, which is a formal program capacity and not a commitment to purchase by any investor. Debt and equity securities issued under these programs are designed to appeal primarily to domestic and

international institutional investors. Institutional investor demand for these securities depends upon numerous factors, including, but not limited to, our credit ratings, investor perception of financial market conditions, and the health of the banking sector. Therefore, our ability to access these markets in the future could be impaired for either idiosyncratic or systemic reasons.

We assess liquidity needs that may occur in both the normal course of business and during times of unusual, adverse events, considering both on and off-balance sheet arrangements and commitments that may impact liquidity in certain business environments. We have contingency funding scenarios and plans that assess liquidity needs that may arise from certain stress events such as severe economic recessions, financial market disruptions, and credit rating downgrades. In particular, a ratings downgrade could adversely impact the cost and availability of some of our liquid funding sources. Factors that affect our credit ratings include, but are not limited to, the credit risk profile of our assets, the adequacy of our ALLL, the level and stability of our earnings, the liquidity profile of both the Bank and the Parent Company, the economic environment, and the adequacy of our capital base.

As illustrated in Table 15, Moody’s, S&P, and Fitch all assigned a “Stable” outlook on our credit ratingsbased on our solid earnings and liquidity profiles, good asset quality performance, and sound capital position. Future credit rating downgrades are possible, although not currently anticipated given these “Stable” credit rating outlooks.

Credit Ratings and Outlook			Table 15
	March 31, 2017
	Moody’s	S&P		Fitch
SunTrust Banks, Inc.:
Senior debt	Baa1	BBB+		A-
Preferred stock	Baa3	BB+		BB
SunTrust Bank:
Long-term deposits	A1	A-		A
Short-term deposits	P-1	A-2		F1
Senior debt	Baal	A-		A-
Outlook	Stable	Stable		Stable

Our investment portfolio is a use of funds and we manage the portfolio primarily as a store of liquidity, maintaining the majority of our securities in liquid and high-grade asset classes, such as agency MBS, agency debt, and U.S. Treasury securities; nearly all of these securities qualify as high-quality liquid assets under the U.S. LCR Final Rule. At March 31, 2017, our securities AFS portfolio contained $26.9 billion of unencumbered high-quality, liquid securities at market value.

As mentioned above, we evaluate contingency funding scenarios to anticipate and manage the likely impact of impaired capital markets access and other adverse liquidity circumstances. Our contingency plans also provide for continuous monitoring of net borrowed funds dependence and available sources of contingent liquidity. These sources of contingent liquidity include available cash reserves, the ability to sell, pledge, or borrow against unencumbered securities in our investment portfolio, the capacity to borrow from the FHLB system or the

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Federal Reserve discount window, and the ability to sell or securitize certain loan portfolios.

Table 16 presents period end and average balances of our contingent liquidity sources for the first quarters of 2017 and 2016. These sources exceed our contingent liquidity needs as measured in our contingency funding scenarios.

Contingent Liquidity Sources							Table 16
	As of				Average for the Three Months Ended ¹
(Dollars in billions)	March 31, 2017		March 31, 2016		March 31, 2017		March 31, 2016
Excess reserves		$4.7		$1.1		$3.3		$2.3
Free and liquid investment portfolio securities	26.9		25.6		27.4		25.2
Unused FHLB borrowing capacity	22.4		20.5		20.7		19.3
Unused discount window borrowing capacity	17.0		16.8		17.2		16.8
Total		$71.0		$64.0		$68.6		$63.6

¹ Average based upon month-end data, except excess reserves, which is based upon a daily average.

Parent Company Liquidity. Our primary measure of Parent Company liquidity is the length of time the Parent Company can meet its existing and forecasted obligations using its cash resources. We measure and manage this metric using forecasts from both normal and adverse conditions. Under adverse conditions, we measure how long the Parent Company can meet its capital and debt service obligations after experiencing material attrition of short-term unsecured funding and without the support of dividends from the Bank or access to the capital markets. In accordance with these risk limits established by ALCO and the Board, we manage the Parent Company’s liquidity by structuring its net maturity schedule to minimize the amount of debt maturing within a short period of time. A majority of the Parent Company’s liabilities are long-term in nature, coming from the proceeds of issuances of our capital securities and long-term senior and subordinated notes. See the "Borrowings" section of this MD&A, as well as Note 11, “Borrowings and Contractual Commitments,” to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for further information regarding our debt.

We manage the Parent Company to maintain most of its liquid assets in cash and securities that it can quickly convert into cash. Unlike the Bank, it is not typical for the Parent Company to maintain a material investment portfolio of publicly traded securities. We manage the Parent Company cash balance to provide sufficient liquidity to fund all forecasted obligations (primarily debt and capital service) for an extended period of months in accordance with our risk limits.

The primary uses of Parent Company liquidity include debt service, dividends on capital instruments, the periodic purchase of investment securities, loans to our subsidiaries, and common share repurchases. See further details of the authorized common share repurchases in the "Capital Resources" section of this MD&A and in Part II, Item 2, "Unregistered Sales of Equity Securities and Use of Proceeds" in this Form 10-Q. We fund corporate dividends with Parent Company cash, the primary sources of which are dividends from our banking subsidiary and proceeds from the issuance of debt and capital securities. We are subject to both state and federal banking regulations that limit our ability to pay common stock dividends in certain circumstances.

Other Liquidity Considerations. As presented in Table 17, we had an aggregate potential obligation of $86.5 billion to our clients in unused lines of credit at March 31, 2017. Commitments to extend credit are arrangements to lend to clients who have complied with predetermined contractual obligations. We also had $2.8 billion in letters of credit outstanding at March 31, 2017, most of which are standby letters of credit, which require that we provide funding if certain future events occur. Approximately $347 million of these letters supported variable rate demand obligations at March 31, 2017. Unused commercial lines of credit have decreased since December 31, 2016, driven by revolver utilization. Additionally, our mortgage commitments increased since December 31, 2016 due primarily to higher IRLC volume.

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Unfunded Lending Commitments							Table 17
	As of				Average for the Three Months Ended
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		March 31, 2016
Unused lines of credit:
Commercial		$56,928		$59,803		$58,365		$57,889
Residential mortgage commitments 1	4,589		4,240		4,415		3,392
Home equity lines	10,355		10,336		10,345		10,551
CRE 2	4,499		4,468		4,484		4,629
Credit card	10,085		9,798		9,942		8,648
Total unused lines of credit		$86,456		$88,645		$87,551		$85,109
Letters of credit:
Financial standby		$2,664		$2,777		$2,720		$2,808
Performance standby	129		130		130		139
Commercial	8		19		14		20
Total letters of credit		$2,801		$2,926		$2,864		$2,967

¹ Includes residential mortgage IRLCs with notional balances of $2.7 billion and $2.6 billion at March 31, 2017 and December 31, 2016, respectively.

² Includes commercial mortgage IRLCs and other commitments with notional balances of $101 million and $395 million at March 31, 2017 and December 31, 2016, respectively.

Other Market Risk

Except as discussed below, there have been no other significant changes to other market risk as described in our 2016 Annual Report on Form 10-K.

We measure our residential MSRs at fair value on a recurring basis and actively hedge the risk associated with changes in fair value. Residential MSRs totaled $1.6 billion at both March 31, 2017 and December 31, 2016, and are managed and monitored as part of a comprehensive risk governance process, which includes established risk limits.

We originated residential MSRs with fair values at the time of origination of $96 million and $46 million during the first quarter of 2017 and 2016, respectively. Additionally, we purchased residential MSRs with fair values of approximately $77 million during the first quarter of 2016. No residential MSRs were purchased during the first quarter of 2017.

We recognized mark-to-market decreases in the fair value of the residential MSR portfolio of $23 million and $247 million during the first quarter of 2017 and 2016, respectively. Changes in fair value include the decay resulting from the realization of monthly net servicing cash flows. We recognized net losses related to residential MSRs, inclusive of fair value changes and related hedges, of $43 million and $24 million during the first quarter of 2017 and 2016, respectively. Compared to prior year quarter, the increase in net losses related to residential MSRs was primarily driven by higher decay combined with a decrease in net hedge performance in the current period. All other servicing rights, which include commercial mortgage and consumer indirect loan servicing rights, are not measured at fair value on a recurring basis, and therefore, are not subject to the same market risks associated with residential MSRs.

OFF-BALANCE SHEET ARRANGEMENTS

In the ordinary course of business we engage in certain activities that are not reflected in our Consolidated Balance Sheets, generally referred to as "off-balance sheet arrangements." These activities involve transactions with unconsolidated VIEs as well as other arrangements, such as commitments and guarantees, to meet the financing needs of our customers and to support ongoing operations. Additional information regarding these types of activities is included in the "Liquidity Risk Management" section of this MD&A, Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," and Note 13, "Guarantees," to the Consolidated Financial Statements in this Form 10-Q, as well as in our 2016 Annual Report on Form 10-K.

Contractual Obligations

In the normal course of business, we enter into certain contractual obligations, including obligations to make future payments on our borrowings, partnership investments, and lease arrangements, as well as commitments to lend to clients and to fund capital expenditures and service contracts.

Except for changes in unfunded lending commitments (presented in Table 17 within the "Liquidity Risk Management"

section of this MD&A), borrowings (presented in the "Borrowings" section of this MD&A), and pension and other postretirement benefit plans (disclosed in Note 12, "Employee Benefit Plans," to the Consolidated Financial Statements in this Form 10-Q), there have been no material changes in our contractual obligations from those disclosed in our 2016 Annual Report on Form 10-K.

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BUSINESS SEGMENTS

Table 18 presents net income for our reportable business segments:

Net Income by Business Segment				Table 18
	Three Months Ended March 31
(Dollars in millions)	2017			2016
Consumer Banking and Private Wealth Management		$146			$192
Wholesale Banking	293			219
Mortgage Banking	29			50
Corporate Other	43			38
Reconciling Items 1	(43		)	(52		)
Total Corporate Other	—			(14		)
Consolidated Net Income		$468			$447

¹ Includes differences between net income reported for each business segment using management accounting practices and U.S. GAAP. Prior period information has been restated to reflect changes in internal reporting methodology. See additional information in Note 17, "Business Segment Reporting," to the Consolidated Financial Statements in this Form 10-Q.

Table 19 presents average loans and average deposits for our reportable business segments:

Average Loans and Deposits by Business Segment							Table 19
	Three Months Ended March 31
	Average Loans				Average Consumer and Commercial Deposits
(Dollars in millions)	2017		2016		2017		2016
Consumer Banking and Private Wealth Management		$44,074		$41,589		$98,871		$93,238
Wholesale Banking	72,451		70,773		57,393		53,620
Mortgage Banking	27,078		25,946		2,543		2,311
Corporate Other	67		64		67		60

See Note 17, “Business Segment Reporting,” to the Consolidated Financial Statements in this Form 10-Q for a discussion of our segment structure, basis of presentation, internal management reporting methodologies, and additional information.

BUSINESS SEGMENT RESULTS

Three Months Ended March 31, 2017 vs. Three Months Ended March 31, 2016

Consumer Banking and Private Wealth Management

Consumer Banking and Private Wealth Management reported net income of $146 million for the three months ended March 31, 2017, a decrease of $46 million, or 24%, compared to the same period in 2016. The decrease was driven primarily by higher provision for credit losses and higher noninterest expense, offset partially by higher net interest income.

Net interest income was $766 million, an increase of $47 million, or 7%, compared to the same period in 2016, driven by growth in average loan and deposit balances, favorable deposit mix, and improved loan spreads. Net interest income related to deposits increased $22 million, or 5%, driven by a $5.6 billion, or 6%, increase in average deposit balances. Net interest income related to loans increased $25 million, or 10%, driven by a $2.5 billion, or 6%, increase in average loans. Loan growth was driven by consumer direct, student loan, indirect auto loans, and credit

card categories, offset partially by declines in mortgages and home equity products.

Provision for credit losses was $88 million, an increase of $59 million compared to the same period in 2016. The increase was driven by a larger reduction in the ALLL in the first quarter of 2016.

Total noninterest income was $350 million, a decrease of $6 million, or 2%, compared to the same period in 2016. The decrease was driven primarily by lower service charges on deposits associated with the implementation of time order posting, offset partially by higher card fees and other charges and fees.

Total noninterest expense was $797 million, an increase of $56 million, or 8%, compared to the same period in 2016. The increase was driven by higher corporate support and technology costs, higher occupancy expense and branch network-related costs, and higher marketing and promotions expense.

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Wholesale Banking

Wholesale Banking reported net income of $293 million for the three months ended March 31, 2017, an increase of $74 million, or 34%, compared to the same period in 2016. The increase was attributable to higher net interest income, higher noninterest income, and lower provision for credit losses, offset partially by higher noninterest expense.

Net interest income was $577 million, an increase of $47 million, or 9%, compared to the same period in 2016, driven primarily by higher average deposit balances and higher spreads. Deposit-related net interest income increased $30 million as average deposit balances grew $3.8 billion, or 7%, driven primarily by an increase in interest-bearing DDA balances. Average loans grew $1.7 billion, or 2%, led primarily by growth in C&I and commercial real estate loans.

Provision for credit losses was $31 million, a decrease of $51 million, or 62%, compared to the same period in 2016. The decrease was due primarily to lower energy-related net charge-offs.

Total noninterest income was $403 million, an increase of $90 million, or 29%, compared to the same period in 2016. The increase was driven primarily by higher investment banking income, which increased $69 million, or 70%, as a result of broad-based growth across several product categories, particularly syndicated finance, mergers and acquisitions advisory, and equity capital markets. In addition, the Pillar acquisition generated $18 million of fee income during the current quarter.

Total noninterest expense was $482 million, an increase of $71 million, or 17%, compared to the same period in 2016. The increase was driven primarily by higher variable stock expense and other employee compensation associated with improved business performance, incremental compensation associated with the acquisition of Pillar, ongoing investments in talent and technology.

Mortgage Banking

Mortgage Banking reported net income of $29 million for the three months ended March 31, 2017, a decrease of $21 million, or 42%, compared to the same period in 2016. The decrease was driven by lower noninterest income, lower net interest income, and higher noninterest expense.

Net interest income was $113 million, a decrease of $7 million, or 6%, compared to the same period in 2016. The decrease was primarily due to lower net interest income on loans.

Net interest income on loans decreased $8 million, or 9%, due to lower spreads on residential mortgages, offset partially by a $1.1 billion, or 4%, increase in average loan balances.

Provision for credit losses was immaterial compared to the $10 million benefit in the first quarter of 2016.

Total noninterest income was $115 million, a decrease of $11 million, or 9%, compared to the same period in 2016, driven primarily by lower mortgage-related income. Mortgage production related income decreased $7 million compared to the same period in 2016 due to lower origination fees, partially offset by higher gain on sale margins. Loan originations were $5.5 billion, an increase of $539 million, or 11%, compared to the same period in 2016. Mortgage servicing related income was $58 million, a decrease of $4 million, or 6%, compared to the same period in 2016. The decrease in mortgage servicing related income was driven by higher decay and lower net hedge performance, offset partially by higher servicing fees. Total loans serviced were $164.5 billion at March 31, 2017, an increase of 10%, compared to $148.9 billion at March 31, 2016.

Total noninterest expense was $184 million, an increase of $10 million, or 6%, compared to the same period in 2016. The increase was due primarily to a $5 million increase in employee compensation and benefits expense.

Corporate Other

Corporate Other net income was $43 million for the three months ended March 31, 2017, an increase of $5 million, or 13%, compared to the same period in 2016. The increase in net income was driven by a $22 million discrete income tax benefit related to share-based compensation recognized during the current quarter.

Net interest income was $12 million, a decrease of $20 million, or 63%, compared to the same period in 2016. The decrease was driven by lower swap-related income due to higher LIBOR rates. Average long-term debt increased $2.9 billion, or 37%, and average short-term borrowings decreased $1.1 billion, or 41%, compared to the same period in 2016, driven by balance sheet management activities.

Total noninterest income was $23 million, an increase of $3 million, or 15%, compared to the same period in 2016.

Total noninterest expense was $6 million, an increase of $10 million compared to the same period in 2016. The increase was due primarily to higher salaries and contract programming expenses.

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Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures				Table 20
(Dollars in millions and shares in thousands, except per share data)
	Three Months Ended March 31
Selected Financial Data	2017			2016
Summary of Operations:
Interest income		$1,528			$1,411
Interest expense	162			129
Net interest income	1,366			1,282
Provision for credit losses	119			101
Net interest income after provision for credit losses	1,247			1,181
Noninterest income	847			781
Noninterest expense	1,465			1,318
Income before provision for income taxes	629			644
Provision for income taxes	159			195
Net income attributable to noncontrolling interest	2			2
Net income		$468			$447
Net income available to common shareholders		$451			$430
Net interest income-FTE 1		$1,400			$1,318
Total revenue	2,213			2,063
Total revenue-FTE 1	2,247			2,099
Net income per average common share:
Diluted		$0.91			$0.84
Basic	0.92			0.85
Dividends paid per average common share	0.26			0.24
Book value per common share	45.62			44.97
Tangible book value per common share 2	33.06			32.90
Market capitalization	26,860			18,236
Market price per common share:
High		$61.69			$42.04
Low	52.71			31.07
Close	55.30			36.08
Selected Average Balances:
Total assets		$204,252			$193,014
Earning assets	183,606			174,189
Loans	143,670			138,372
Consumer and commercial deposits	158,874			149,229
Intangible assets including MSRs	8,026			7,569
MSRs	1,604			1,215
Preferred stock	1,225			1,225
Total shareholders’ equity	23,671			23,797
Average common shares - diluted	496,002			509,931
Average common shares - basic	490,091			505,482
Financial Ratios (Annualized):
ROA	0.93		%	0.93		%
ROE	8.19			7.71
ROTCE 3	11.28			10.60
Net interest margin	3.02			2.96
Net interest margin-FTE 1	3.09			3.04
Efficiency ratio 4	66.20			63.89
Efficiency ratio-FTE 1, 4	65.19			62.81
Tangible efficiency ratio-FTE 1, 4, 5	64.60			62.33
Total average shareholders’ equity to total average assets	11.59			12.33
Tangible common equity to tangible assets 6	8.06			8.85
Common dividend payout ratio	28.3			28.2

93

Capital Ratios at period end 7:
CET1	9.69	%	9.90	%
CET1 - fully phased-in	9.54		9.77
Tier 1 capital	10.40		10.63
Total capital	12.37		12.39
Leverage	9.08		9.50

Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures (continued)
(Dollars in millions, except per share data)	Three Months Ended March 31
Reconcilement of Non-U.S. GAAP Measures	2017			2016
Net interest margin	3.02		%	2.96		%
Impact of FTE adjustment	0.07			0.08
Net interest margin-FTE 1	3.09		%	3.04		%
Efficiency ratio 4	66.20		%	63.89		%
Impact of FTE adjustment	(1.01		)	(1.08		)
Efficiency ratio-FTE 1, 4	65.19			62.81
Impact of excluding amortization	(0.59		)	(0.48		)
Tangible efficiency ratio-FTE 1, 4, 5	64.60		%	62.33		%
ROE	8.19		%	7.71		%
Impact of removing average intangible assets (net of deferred taxes), other than MSRs and other servicing rights, and related pre-tax amortization expense from average common shareholders' equity	3.09			2.89
ROTCE 3	11.28		%	10.60		%
Net interest income		$1,366			$1,282
FTE adjustment	34			36
Net interest income-FTE 1	1,400			1,318
Noninterest income	847			781
Total revenue-FTE 1		$2,247			$2,099
(Dollars in millions, except per share data)	March 31, 2017			March 31, 2016
Total shareholders’ equity		$23,484			$24,053
Goodwill, net of deferred taxes 8	(6,086		)	(6,094		)
Other intangible assets (including MSRs and other servicing rights), net of deferred taxes 9	(1,727		)	(1,195		)
MSRs and other servicing rights	1,711			1,189
Tangible equity 6	17,382			17,953
Noncontrolling interest	(101		)	(101		)
Preferred stock	(1,225		)	(1,225		)
Tangible common equity 6		$16,056			$16,627
Total assets		$205,642			$194,158
Goodwill	(6,338		)	(6,337		)
Other intangible assets, including MSRs and other servicing rights	(1,729		)	(1,198		)
MSRs and other servicing rights	1,711			1,189
Tangible assets		$199,286			$187,812
Tangible common equity to tangible assets 6	8.06		%	8.85		%
Tangible book value per common share 2		$33.06			$32.90

94

Selected Financial Data and Reconcilement of Non-U.S. GAAP Measures (continued)
Reconciliation of fully phased-in CET1 Ratio7	March 31, 2017			March 31, 2016
CET1	9.69		%	9.90	%
Less:
MSRs	(0.14		)	(0.10	)
Other 10	(0.01		)	(0.03	)
CET1 - fully phased-in	9.54		%	9.77	%
(Dollars in millions)
Reconciliation of Pre-Provision Net Revenue ("PPNR")11	Three Months Ended March 31, 2017
Income before provision for income taxes		$629
Provision for credit losses	119
Less:
Net securities gains/(losses)	—
PPNR		$748

¹ We present net interest income-FTE, total revenue-FTE, net interest margin-FTE, efficiency ratio-FTE, and tangible efficiency ratio-FTE on a fully taxable-equivalent ("FTE") basis. The FTE basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35% and state income taxes, where applicable, to increase tax-exempt interest income to a taxable-equivalent basis. We believe the FTE basis is the preferred industry measurement basis for these measures and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. Total revenue-FTE is calculated as net interest income-FTE plus noninterest income. Net interest margin-FTE is calculated by dividing annualized net interest income-FTE by average total earning assets.

² We present tangible book value per common share, which removes the after-tax impact of purchase accounting intangible assets, noncontrolling interest, and preferred stock from shareholders' equity. We believe this measure is useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity, and removing the amounts of noncontrolling interest and preferred stock that do not represent our common shareholders' equity, it allows investors to more easily compare our capital position to other companies in the industry.

³  We present ROTCE, which removes the after-tax impact of purchase accounting intangible assets from average common shareholders' equity and removes the related intangible asset amortization from net income available to common shareholders. We believe this measure is useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity and related pre-tax amortization expense (the level of which may vary from company to company), it allows investors to more easily compare our ROTCE to other companies in the industry who present a similar measure. We also believe that removing these items provides a more relevant measure of our return on common shareholders' equity. This measure is utilized by management to assess our profitability.

⁴ Efficiency ratio is computed by dividing noninterest expense by total revenue. Efficiency ratio-FTE is computed by dividing noninterest expense by total revenue-FTE.

⁵ We present tangible efficiency ratio-FTE, which excludes amortization related to intangible assets and certain tax credits. We believe this measure is useful to investors because, by removing the impact of amortization (the level of which may vary from company to company), it allows investors to more easily compare our efficiency to other companies in the industry. This measure is utilized by management to assess our efficiency and that of our lines of business.

⁶ We present certain capital information on a tangible basis, including tangible equity, tangible common equity, and the ratio of tangible common equity to tangible assets, which removes the after-tax impact of purchase accounting intangible assets. We believe these measures are useful to investors because, by removing the amount of intangible assets that result from merger and acquisition activity (the level of which may vary from company to company), it allows investors to more easily compare our capital position to other companies in the industry. These measures are utilized by management to analyze capital adequacy.

⁷ The CET1 ratio on a fully phased-in basis at March 31, 2017 is estimated and is presented to provide investors with an indication of our capital adequacy under the future CET1 requirements, which will apply to us beginning on January 1, 2018.

⁸ Net of deferred taxes of $252 million and $243 million at March 31, 2017 and 2016, respectively.

⁹ Net of deferred taxes of $2 million and $3 million at March 31, 2017 and 2016, respectively.

¹⁰ Primarily includes the deduction from capital of certain carryforward DTAs, the overfunded pension asset, and other intangible assets.

¹¹ We present the reconciliation of PPNR because it is a performance metric utilized by management and in certain of our compensation plans. PPNR impacts the level of awards if certain thresholds are met. We believe this measure is useful to investors because it allows investors to compare our PPNR to other companies in the industry who present a similar measure.

95

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

See the “Enterprise Risk Management” section of the MD&A in this Form 10-Q, which is incorporated herein by reference.

Item 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company conducted an evaluation, under the supervision and with the participation of its CEO and CFO, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act) at March 31, 2017. The Company’s disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to the Company’s management, including its CEO and CFO, as

appropriate, to allow timely decisions regarding required disclosure. Based upon the evaluation, the CEO and CFO concluded that the Company’s disclosure controls and procedures were effective at March 31, 2017.

Changes in Internal Control over Financial Reporting

There have been no changes to the Company’s internal control over financial reporting during the three months ended March 31, 2017 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. Refer to the Company's 2016 Annual Report on Form 10-K for additional information.

96

PART II - OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

The Company and its subsidiaries are parties to numerous claims and lawsuits arising in the normal course of its business activities, some of which involve claims for substantial amounts. Although the ultimate outcome of these suits cannot be ascertained at this time, it is the opinion of management that none of these matters, when resolved, will have a material effect on the Company’s consolidated results of operations, cash flows, or financial condition. For additional information, see Note 16, “Contingencies,” to the Consolidated Financial Statements in this Form 10-Q, which is incorporated herein by reference.

Item 1A. RISK FACTORS

The risks described in this report and in the Company's 2016 Annual Report on Form 10-K are not the only risks facing the Company. Additional risks and uncertainties not currently known, or that the Company currently deems to be immaterial, also may adversely affect the Company's business, financial condition, or future results. In addition to the other information set forth in this report, factors discussed in Part I, Item 1A., "Risk Factors," in the Company's 2016 Annual Report on Form 10-K, which could materially affect the Company's business, financial condition, or future results, should be carefully considered.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(a) None.

(b) None.

(c) Issuer Purchases of Equity Securities:

				Table 21
	Common Stock 1
	Total Number of Shares Purchased	Average Price Paid per Share	Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Equity that May Yet Be Purchased Under the Plans or Programs at Period End (in millions)
January 1 - 31	—	$—	—	$480
February 1 - 28	1,904,300	59.54	1,904,300	367
March 1 - 31 2	5,108,154	58.85	2,110,532	240
Total during first quarter of 2017	7,012,454	$59.04	4,014,832	$240

¹ During the three months ended March 31, 2017, no shares of SunTrust common stock were surrendered by participants in SunTrust's employee stock option plans, where participants may pay the exercise price upon exercise of SunTrust stock options by surrendering shares of SunTrust common stock that the participant already owns. SunTrust considers any such shares surrendered by participants in SunTrust's employee stock option plans to be repurchased pursuant to the authority and terms of the applicable stock option plan rather than pursuant to publicly announced share repurchase programs.

² During March of 2017, the Company repurchased $174 million of its outstanding common stock at market value under the 1% of Tier 1 capital de minimis exception allowed under the applicable 2016 Capital Plan Rule. This repurchase was incremental to and separate from the $960 million of authorized share repurchases under the Company's 2016 capital plan submitted in connection with the 2016 CCAR.

On June 29, 2016, the Company announced that the Federal Reserve had no objections to the repurchase of up to $960 million of the Company's outstanding common stock to be completed between July 1, 2016 and June 30, 2017, as part of the Company's 2016 capital plan submitted in connection with the 2016 CCAR.

During the first quarter of 2017, the Company repurchased $414 million of its outstanding common stock at market value, which included $240 million under the publicly announced 2016 capital plan and an incremental $174 million pursuant to the 1% of Tier 1 capital de minimis exception allowed under the applicable 2016 Capital Plan Rule. At March 31, 2017, the Company had $240 million of remaining common stock repurchase capacity available under its 2016 capital plan (reflected in the table above).

The Company expects to repurchase an additional $240 million of outstanding common stock during the second quarter of 2017, which would complete its repurchase of authorized common equity under the 2016 CCAR capital plan. Also, in April

of 2017, the Company submitted its 2017 capital plan for review by the Federal Reserve in conjunction with the 2017 CCAR, and the Company anticipates receiving feedback in June 2017 regarding this submission.

At March 31, 2017, 7.2 million warrants remained outstanding.

SunTrust did not repurchase any of its Series A Preferred Stock Depositary Shares, Series B Preferred Stock, Series E Preferred Stock Depositary Shares, or Series F Preferred Stock Depositary Shares during the first quarter of 2017, and there was no unused Board authority to repurchase any shares of Series A Preferred Stock Depositary Shares, Series B Preferred Stock, Series E Preferred Stock Depositary Shares, or the Series F Preferred Stock Depositary Shares.

Refer to the Company's 2016 Annual Report on Form 10-K for additional information regarding the Company's equity securities.

97

Item 3. DEFAULTS UPON SENIOR SECURITIES

None.

Item 4. MINE SAFETY DISCLOSURES

Not applicable.

Item 5. OTHER INFORMATION

None.

Item 6. EXHIBITS

Exhibit	Description
3.1	Amended and Restated Articles of Incorporation, restated effective January 20, 2009, incorporated by reference to Exhibit 4.1 to the Registrant's Current Report on Form 8-K filed January 22, 2009, as further amended by Articles of Amendment dated December 13, 2012, incorporated by reference to Exhibit 3.1 to the Registrant's (i) Current Report on Form 8-K filed December 20, 2012, (ii) the Articles of Amendment dated November 6, 2014, incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed November 7, 2014, and (iii) the Articles of Amendment dated May 2, 2017, incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed May 2, 2017.	*
3.2	Bylaws of the Registrant, as amended and restated on August 11, 2015, incorporated by reference to Exhibit 3.2 to the Registrant's Quarterly Report on Form 10-Q filed August 13, 2015.	*
10.19	Form of Performance Vested Restricted Stock Unit Award Agreement, 2017, corrected (ROTCE/TSR).	**
31.1	Certification of Chairman and Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	**
31.2	Certification of Corporate Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	**
32.1	Certification of Chairman and Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	**
32.2	Certification of Corporate Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	**
101.1	Interactive Data File.	**

*	incorporated by reference
**	filed herewith

98

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		SUNTRUST BANKS, INC.
		(Registrant)
Dated:	May 4, 2017	By: /s/ Thomas E. Panther
		Thomas E. Panther, Senior Vice President, Director of Corporate Finance and Controller (on behalf of the Registrant and as Principal Accounting Officer)

99

EX-10.19

Exhibit 10.19

SunTrust Banks, Inc.

2009 Stock Plan

Performance-Vested Restricted Stock Unit Agreement

SunTrust Banks, Inc. (“SunTrust”), a Georgia corporation, pursuant to action of the Compensation Committee (“Committee”) of its Board of Directors and in accordance with the SunTrust Banks, Inc. 2009 Stock Plan (“Plan”), has granted restricted stock units (the “Restricted Stock Units”) as an incentive for the Grantee to promote the interests of SunTrust and its Subsidiaries. Each Restricted Stock Unit represents the right to receive a share of SunTrust Common Stock, $1.00 par value, at a future date and time, subject to the terms of this Restricted Stock Unit Agreement (this “Grant”).

Name of Grantee	_[Name]____________________________
Target Number of Restricted Stock Units	_[# of Units]_____
Grant Date

This Restricted Stock Unit Agreement (the “Unit Agreement”) evidences this Grant, which has been made subject to all the terms and conditions set forth on the attached Terms and Conditions and in the Plan.

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

§1. EFFECTIVE DATE. This grant of Restricted Stock Units to the Grantee is effective as of [Grant date] (the “Grant Date”).

§2. DEFINITIONS. Whenever the following terms are used in this Unit Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined in this Unit Agreement shall have the same meanings as in the Plan.

(a) 409A Change in Control - means an event described in IRS regulations or other guidance under Code section 409A (a)(2)(A)(v).

(b)Absolute ROTCE - means the three-year average of Annual ROTCE in the Performance Period.

(c)Award Percentage - means, after satisfaction of the Minimum Performance Hurdle, the Payout Percentage determined in accordance §3(b) adjusted by the TSR Modifier in §3(c).

(d) Annual ROTCE - means the average of ROTCE for the four calendar quarters in each of the three years in the Performance Period.

(e) Change in Control - means a “Change in Control” as defined in §2.2 of the SunTrust Banks, Inc. 2009 Stock Plan.

(f) Code - means the Internal Revenue Code of 1986, as amended.

(g) Disability - means the Grantee is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Grantee's employer and, in addition, has begun to receive benefits under SunTrust's Long-Term Disability Plan.

(h) Dividend Equivalent Right - means a right that entitles the Grantee to receive an amount equal to any dividends paid on a share of Stock, which dividends have a record date between the Grant Date and the date the Vested Units are paid. The amount of any Dividend Equivalent Rights on Restricted Stock Units shall be treated as reinvested in additional shares of Stock on the date such dividends are paid.

(j) Earnings Per Share - means net income available to common shareholders, per share, on a fully-diluted basis, on a cumulative basis for the Performance Period.

(k) Key Employee - means an employee treated as a “specified employee” as of his Separation from Service under Code §409A(a)(2)(B)(i) (i.e., a key employee (as defined in Code §416(i) without regard to §(5) thereof)) if the common stock of SunTrust or an affiliate (any member of SunTrust's controlled group, as determined under Code §414(b), (c), or (m)) is publicly traded on an established securities market or otherwise. Key Employees shall be determined in accordance with Code §409A using a December 31 identification date. A listing of Key Employees as of an identification date shall be effective for the twelve (12) month period beginning on the April 1 following the identification date.

(l) Minimum Performance Hurdle - means Earnings Per Share.

(m) Performance Period - means the period commencing January 1, 2017 and ending December 31, 2019.

(n) Retirement - means termination of employment of Grantee from SunTrust and its Subsidiaries on or after attaining age 55 and completing five (5) or more years of service as determined in accordance with the terms of the SunTrust Banks, Inc. Retirement Plan, as amended from time to time (the “Retirement Plan”). For purposes of this Unit Agreement, Grantee who is vested in the

2

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

Retirement Plan benefit but terminates employment before attaining age 55 or completing at least five (5) years of service is not eligible for Retirement.

(o) Return on Tangible Common Equity or ROTCE - means net income available to common shareholders of SunTrust as a percentage of average total common equity reduced by recorded intangible assets for the applicable calendar quarter. In the event SunTrust is merged with or into another entity prior to the end of the Performance Period, then “Return on Tangible Common Equity” shall mean net income available to common shareholders of the surviving corporation as a percentage of average total common equity reduced by recorded intangible assets for the applicable calendar quarter.

(p) ROTCE Rank - means the Absolute ROTCE for SunTrust ranked relative to the Absolute ROTCE for the companies listed on Appendix A (the “Peer Group”).

(q) Severance Plan - means any severance program sponsored by SunTrust Banks, Inc. .

(r) Separation from Service - means a “separation from service” within the meaning of Code §409A.

(s) Stock - means the common stock of SunTrust Banks, Inc. and any successor.

(t) Tangible Common Equity - means tangible common equity as reported on Form 10-Q, Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

(u) Target Performance - means, at any point in time, the level of performance that would be achieved if SunTrust had satisfied the Minimum Performance Hurdle, achieves a 100% Payout Percentage under the ROTCE Matrix and has a TSR Target between the 25th and 75th percentile.

(v) Termination for Cause or Terminated for Cause - means a termination of employment which is made primarily because of (i) the Grantee's willful and continued failure to perform his job duties in a satisfactory manner after written notice from SunTrust to Grantee and a thirty (30) day period in which to cure such failure, (ii) the Grantee's conviction of a felony or engagement in a dishonest act, misappropriation of funds, embezzlement, criminal conduct or common law fraud, (iii) the Grantee's material violation of the Code of Business Conduct and Ethics of SunTrust or the Code of Conduct of a Subsidiary, (iv) the Grantee's engagement in an act that materially damages or materially prejudices SunTrust or any Subsidiary or the Grantee's engagement in activities materially damaging to the property, business or reputation of SunTrust or any Subsidiary; or (v) the Grantee's failure and refusal to comply in any material respect with the current and any future amended policies, standards and regulations of SunTrust, any Subsidiary and their regulatory agencies, if such failure continues after written notice from SunTrust to the Grantee and a thirty (30) day period in which to cure such failure, or the determination by any such governing agency that the Grantee may no longer serve as an officer of SunTrust or a Subsidiary.

Notwithstanding anything herein to the contrary, if the Grantee is covered by a Severance Plan at the time of his termination of employment with SunTrust or a Subsidiary, solely for purposes of this Unit Agreement, “Cause” shall have the meaning provided in the Severance Plan.

(w) Termination for Good Reason - means a termination of employment by Grantee due to (i) a failure to elect or

reelect or to appoint or to reappoint Grantee to, or the removal of Grantee from, the position which he or she held with SunTrust prior to the Change in Control, (ii) a substantial change by the Board or supervising management in Grantee’s functions, duties or responsibilities, which change would cause Grantee’s position with SunTrust to become of less responsibility or scope than the

3

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

position held by Grantee prior to the Change in Control or (iii) a substantial reduction of Grantee’s annual compensation from the lesser of: (A) the level in effect prior to the Change in Control or (B) any level established thereafter with the consent of the Grantee.

Notwithstanding anything herein to the contrary, if the Grantee is covered by a Severance Plan at the time of his termination of employment with SunTrust or a Subsidiary, solely for purposes of this Unit Agreement, “Good Reason” shall have the meaning provided in the Severance Plan.

(x) Total Shareholder Return or TSR - means a company's total shareholder return, calculated based on the stock price appreciation during the Performance Period plus the value of dividends paid on such stock during the Performance Period (which shall be deemed to have been reinvested in the underlying company's stock). TSR shall be calculated using 20-day average stock prices for both beginning and ending values.

(y) TSR Rank - means the TSR for SunTrust during the Performance Period ranked relative to the TSR for the companies listed on Appendix A (the “Peer Group”) during the Performance Period.

§3. PERFORMANCE BASED VESTING.

(a) Minimum Performance Hurdle. The Minimum Performance Hurdle shall be Earnings Per Share. In no event shall any Restricted Stock Units vest pursuant to this §3 unless the Company attains a cumulative Earnings Per Share of at least $3.00 for the Performance Period.

(b) ROTCE Matrix.

(i) The Grantee shall vest in a percentage of Restricted Stock Units (between 0% and 150%) indicated by the following ROTCE Matrix adjusted by the TSR Modifier below on February 14, 2020 (the “Vesting Date”); provided, that the Grantee has remained in continuous employment with SunTrust or a Subsidiary from the Grant Date through the Vesting Date, except as provided in §5(d) hereof (pertaining to vesting after Retirement). In addition, the Restricted Stock Units may vest prior to the Vesting Date in accordance with any other provisions of §4 or §5. The Absolute ROTCE for SunTrust and each member of the Peer Group shall be calculated and ranked from high to low.

SunTrust’s ROTCE Rank
Within Top 3 Banks	120%	130%	140%	150%
Within Next 3 Banks		120%	130%	140%
Within Next 3 Banks	50%	100%	120%	130%
Within Bottom 3 Banks		50%	100%	120%
	< *%	*%	*%	>*
	STI Absolute ROTCE

(ii) The Payout Percentage is determined as follows: (1) Locate the column(s) in the ROTCE Matrix that correspond to SunTrust’s Absolute ROTCE; (2) Determine the ROTCE Rank of SunTrust and each member of the Peer Group ranked from high to low; (3) interpolate between the Payout Percentages in the row corresponding to SunTrust’s ROTCE Rank based on the percentages in the column(s) that correspond to SunTrust’s Absolute ROTCE.

(c) TSR Modifier. The Payout Percentage determined under the ROTCE Matrix may be further adjusted by applying the “TSR Modifier” as indicated below.

4

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

TSR Modifier

SunTrust TSR Rank - Percentile	Payout Adjustment
Above 75th	+ 20%
Between 25th and 75th	No Adjustment
Below 25th	- 20%

The Committee shall make the following adjustments to the calculation of the TSR Rank or the composition of the Peer Group during the Performance Period as follows: (1) if a member of the Peer Group is acquired by another company, or during the Performance Period announces that it will be acquired by another company, then the acquired Peer Group company will be moved to a position below the lowest ranked peer; (2) if a member of the Peer Group sells, spins-off, or disposes of a portion of its business, then such Peer Group company will remain in the Peer Group for the Performance Period unless such disposition(s) results in the disposition of more than 50% of such company's total assets during the Performance Period, in which case it will be moved to a position below the lowest ranked peer; (3) if a member of the Peer Group acquires another company, the acquiring Peer Group company will remain in the Peer Group; (4) if a member of the Peer Group is delisted on all major stock exchanges, such delisted company will be moved to a position below the lowest ranked peer; (5) to the extent that SunTrust and/or any member of the Peer Group split its stock or declare a distribution of shares, such company's TSR performance will be appropriately adjusted for the stock split or share distribution so as not to give an advantage or disadvantage to such company by comparison to the other companies; (6) members of the Peer Group that file for bankruptcy, liquidation or reorganization during the Performance Period will moved to a position below the lowest ranked peer; and (7) the Committee shall have the authority to make other appropriate adjustments in response to a change in circumstances that results in a member of the Peer Group no longer satisfying the criteria for which such member was originally selected. The Committee shall calculate the beginning and ending TSR values based on the average of the closing prices of the applicable company's stock for the 20 trading days prior to and including the beginning or ending date, as applicable, of the Performance Period.

(d) Combination of ROTCE and TSR performance may never exceed 150% of target.

§4. SUNTRUST CHANGE IN CONTROL.

(a) In the event that a Change in Control (as defined in the SunTrust Banks, Inc. 2009 Stock Plan) occurs prior to the Vesting Date and on or prior to any vesting date set forth in §5, then the number of Restricted Stock Units (and related Dividend Equivalent Rights), as determined in §4(b) below, shall be vested upon the earlier of: (i) the Vesting Date, provided that the Grantee has remained in continuous employment with SunTrust or a Subsidiary from the Grant Date through the Vesting Date; or (ii) the date of the Grantee's termination of employment with SunTrust and its Subsidiaries as a result of: (A) an involuntary termination by SunTrust that does not result from the Grantee's death or Disability and does not constitute a Termination for Cause; (B) the Grantee's death or Disability; (C) termination of the Grantee due to Retirement; or (D) a Termination for Good Reason by the Grantee.

(b) The number of Restricted Stock Units (and related Dividend Equivalent Rights) that shall vest will be equal to the sum of (i) the number of Restricted Stock Units that would have vested (if any) if the Performance Period ended on the date of the Change in Control (based on the actual achievement in Minimum Performance Hurdle and actual achievement under the ROTCE Matrix adjusted by the TSR Modifier through the date of the Change in Control) multiplied by a fraction, the numerator of which shall be the number of days from the first day of the Performance Period through the date of such Change in Control, and the denominator of which shall be the total number of days in the Performance Period; plus (ii) the number of Restricted Stock Units that would

5

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

have vested assuming SunTrust had achieved Target Performance multiplied by a fraction, the numerator of which shall be the number of days from the date of such Change in Control through the last day of the Performance Period, and the denominator of which shall be the total number of days in the Performance Period. In the event of such Change in Control, any Restricted Stock Units (and related Dividend Equivalent Rights) subject to this Unit Agreement that do not vest pursuant to this §4 shall terminate and be completely forfeited on the date of such termination of the Grantee's employment.

Notwithstanding anything herein to the contrary, if the Grantee is covered by a Severance Plan on the date of a Change in Control that provides for more generous vesting of the Restricted Stock Units, such vesting provisions of the Severance Plan shall govern.

§5. TERMINATION OF EMPLOYMENT.

(a) If prior to the Vesting Date and the date of a Change in Control, the Grantee's employment with SunTrust and its Subsidiaries terminates for any reason other than those described in §5(b), §5(c) or §5(d), then the Restricted Stock Units (and related Dividend Equivalent Rights) subject to this Unit Agreement shall terminate and be completely forfeited on the date of such termination of the Grantee's employment. Notwithstanding anything in this §5 to the contrary, if the Grantee is Terminated for Cause from SunTrust and its Subsidiaries prior to payment pursuant to §6, all of the Restricted Stock Units (and related Dividend Equivalent Rights) will immediately and automatically without any action on the part of the Grantee or SunTrust, be forfeited by the Grantee.

(b) Death or Disability. If the Grantee's employment with SunTrust and its Subsidiaries terminates prior to the Vesting Date and the date of a Change in Control, as a result of the Grantee's (i) death, or (ii) Disability, then the Restricted Stock Units (and related Dividend Equivalent Rights) shall vest immediately on the date of such termination. The number of Restricted Stock Units, if any, that vest will be based on the number of Restricted Stock Units (and related Dividend Equivalent Rights) that would have vested (if any) if the Performance Period ended on such date and based on the actual performance achieved (or the Target Performance, if such termination occurs less than one (1) year after the first day of the Performance Period)). In determining performance, the Committee shall consider all fiscal quarters completed prior to the date of death or Disability, and (1) prorate the Minimum Performance Hurdle based on the number of completed fiscal quarters compared to the total 3-year Performance Period, and (2) with respect to the ROTCE Matrix and TSR Modifier, determine actual performance, based on completed calendar quarters, from the first day of the Performance Period through the date of death or Disability. In the event of such termination, any Restricted Stock Units (and related Dividend Equivalent) subject to this Unit Agreement that do not vest pursuant to this §5(b) shall terminate and be completely forfeited on such date.

(c) Reduction in Force. If the Grantee’s employment with SunTrust and its Subsidiaries is involuntarily terminated prior to the Vesting Date and the date of a Change in Control, by reason of a reduction in force which results in the Grantee’s eligibility for payment of a severance benefit pursuant to the terms of the Severance Plan, then a pro-rata number of Restricted Stock Units (and related Dividend Equivalent Rights) shall vest on the last day of the Performance Period, if any, based on the Grantee’s service completed from the first day of the Grant Date through the date of such termination of the Grantee’s employment.

The pro-rata number of Restricted Stock Units (and related Dividend Equivalent Rights) vesting shall equal the product of: (i) the number of Restricted Stock Units that would have vested based on the actual performance achieved as of the last day of the Performance Period multiplied by (ii) a fraction, the numerator of which is equal to the number of days from the Grant Date through the date of such termination of employment, and the denominator of which is equal to the number of days from the Grant Date to the Vesting Date. In the event of such pro-rata vesting described above, any Restricted Stock Units (and related Dividend Equivalent

6

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

Rights) subject to this Unit Agreement that do not vest pursuant to this §5(c) shall terminate and be completely forfeited on such date.

(d) Retirement. If the Grantee's employment with SunTrust and its Subsidiaries terminates prior to the Vesting Date and the date of a Change in Control as a result of the Grantee's Retirement, then the number of Restricted Stock Units (and related Dividend Equivalent Rights) that would have vested based on the actual performance achieved as of the last day of the Performance Period (or, if a Change in Control occurs after such Retirement but prior to the end of the Performance Period, vesting will be based on the formula in §4(b)), shall, subject to §7(e) below, be fully vested.

§6. PAYMENT OF AWARD.  

(a)  The number of Restricted Stock Units (and related Dividend Equivalent Rights) payable pursuant to this §6 (the “Vested Units”) shall be determined in accordance with §3, §4 and §5 above and,

(i) the portion of the Vested Units comprising the “Earned Awards as a Percent of Target” equal to or less than 130% shall be paid in an equivalent number of shares of Stock upon the earliest to occur of the following: (A) the date of the Grantee's death, (B) the date of the Grantee's Disability, (C) subject to §6(d), the date of the Grantee's Separation from Service, if such Separation from Service occurs: within two (2) years following a 409A Change in Control or (D) February 14, 2020.

(ii) the portion, if any, of the Vested Units comprising the “Award Percentage” greater than 130% shall be paid in an equivalent number of shares of Stock upon the earliest to occur of the following: (A) the date of the Grantee's death, (B) the date of the Grantee's Disability, (C) subject to §6(d), the date of the Grantee's Separation from Service, if such Separation from Service occurs: within two (2) years following a 409A Change in Control or (D) February 14, 2021.

(b) In the event payment is made pursuant to sub-paragraph §6(a)(i)(A), §6(a)(i)(B), §6(a)(i)(C), §6(a)(ii)(A), or §6(a)(ii)(B), §6(a)(ii)(C) above, such payment shall be made within the sixty (60) day period which commences immediately following the date of the applicable event. In the event payment is made pursuant to sub-paragraphs §6(a)(i)(D) and §6(a)(ii)(D) above, such payment shall be made within the sixty (60) day period which commences immediately following February 14, 2020 and February 14, 2021, as applicable.

(c) Except as set forth below, the Vested Units shall be paid out in an equivalent number of shares of Stock; provided, however, the Grantee's right to any fractional share of Stock shall be paid in cash. In the event the Restricted Stock Units (and related Dividend Equivalent Rights) vest following a Change in Control pursuant to §4, the Vested Units shall be paid in cash, and the amount of the payment for each Vested Unit to be paid in cash will equal the Fair Market Value of a share of Stock on the date of the Change in Control.

(d) Notwithstanding anything herein to the contrary, distributions may not be made to a Key Employee upon a Separation from Service before the date which is six (6) months after the date of the Key Employee's Separation from Service (or, if earlier, the date of death of the Key Employee). Any payments that would otherwise be made during this period of delay shall be accumulated and paid in the seventh month following the Grantee's Separation from Service.

(e) The Grantee shall be entitled to a Dividend Equivalent Right for each Vested Unit. At the same time that the related Vested Units are paid, SunTrust shall pay each Dividend Equivalent Right in shares of Stock to the Grantee, or, in the event the Restricted Stock Units vest pursuant to §4, in cash; provided, however, the Grantee's right to any fractional share of Stock shall be paid in cash.

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TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

(f) The Grantee will not have any shareholder rights with respect to the Restricted Stock Units, including the right to vote or receive dividends, unless and until shares of Stock are issued to the Grantee as payment of the vested Restricted Stock Units.

§7. COVENANTS, RESTRICTIONS AND LIMITATIONS.

(a) Compliance with Securities Laws. By accepting the Restricted Stock Units, the Grantee agrees not to sell Stock at a time when applicable laws or SunTrust's rules prohibit a sale. This restriction will apply as long as the Grantee is an employee, consultant or director of SunTrust or a Subsidiary of SunTrust. Upon receipt of nonforfeitable shares of Stock pursuant to this Unit Agreement, the Grantee agrees, if so requested by SunTrust, to hold such shares for investment and not with a view of resale or distribution to the public, and if requested by SunTrust, the Grantee must deliver to SunTrust a written statement satisfactory to SunTrust to that effect. The Committee may refuse to issue any shares of Stock to the Grantee for which the Grantee refuses to provide an appropriate statement.

(b) Forfeiture of Non-Vested Units. To the extent that the Grantee does not vest in any Restricted Stock Units, all interest in such units, the related shares of Stock, and any Dividend Equivalent Rights shall be forfeited. The Grantee shall have no right or interest in any Restricted Stock Unit or related share of Stock that is forfeited.

(c) Extinguishment Upon Settlement. Upon each issuance or transfer of shares of Stock in accordance with this Unit Agreement, a number of Restricted Stock Units equal to the number of shares of Stock issued or transferred to the Grantee shall be extinguished and such number of Restricted Stock Units will not be considered to be held by the Grantee for any purpose.

(d) Restrictive Covenants. Grantee must fully perform the following covenants from the Grant Date through February 14, 2020 (or through February 14, 2021 if the Award Percentage exceeds 130% (collectively, the “Restricted Period”)):

(i) No Solicitation of Customers or Clients.  Grantee shall not during the Restricted Period solicit any customer or client of SunTrust or any SunTrust Affiliate with whom Grantee had any material business contact during the two (2) year period which ends on the date Grantee's employment by SunTrust or a SunTrust Affiliate terminates for the purpose of competing with SunTrust or any SunTrust Affiliate for any reason, either individually, or as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director of, or service provider to, any corporation, partnership, venture or other business entity.

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TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

(ii)

Anti-pirating of Employees. Absent the Compensation Committee's written consent, Grantee will not during the Restricted Period solicit to employ on Grantee's own behalf or on behalf of any other person, firm or corporation, any person who was employed by SunTrust or a SunTrust Affiliate during the term of Grantee's employment by SunTrust or a SunTrust Affiliate (whether or not such employee would commit a breach of contract), and who has not ceased to be employed by SunTrust or a SunTrust Affiliate for a period of at least one (1) year.

(iii)

Protection of Trade Secrets and Confidential Information. Grantee hereby agrees that Grantee will hold in a fiduciary capacity for the benefit of SunTrust and each SunTrust Affiliate, and will not directly or indirectly use or disclose, any Trade Secret that Grantee may have acquired during the term of Grantee's employment by SunTrust or a SunTrust Affiliate for so long as such information remains a Trade Secret. In addition, Grantee agrees that during the Restricted Period, Grantee will hold in a fiduciary capacity for the benefit of SunTrust and each SunTrust Affiliate, and will not directly or indirectly use or disclose, any Confidential or Proprietary Information that Grantee may have acquired (whether or not developed or compiled by Grantee and whether or not Grantee was authorized to have access to such information) during the term of, in the course of, or as a result of Grantee's employment by SunTrust or a SunTrust Affiliate.

(e) Additional Post-Retirement Covenants. In the event of the Grantee's Retirement, such Grantee must fully perform the following covenants from the date of such termination through the last day of the Restricted Period:

(i) No Competitive Activity.  Absent the Committee's written consent, Grantee shall not, during the Restricted Period and within the Territory, engage in any Managerial Responsibilities for or on behalf of any corporation, partnership, venture, or other business entity that engages directly or indirectly in the Financial Services Business whether as an owner, partner, employee, agent, consultant, advisor, contractor, salesman, stockholder, investor, officer or director; provided, however, that Grantee may own up to five percent (5%) of the stock of a publicly traded company that engages in the Financial Services Business so long as Grantee is only a passive investor and is not actively involved in such company in any way.

(ii) Non-Disparagement. Grantee agrees not to knowingly make false or materially misleading statements or disparaging comments about SunTrust or any SunTrust Affiliate during the Restricted Period.

(f) Reasonable and Necessary Restrictions; Forfeiture. Grantee acknowledges that the restrictions, prohibitions and other provisions set forth in this Unit Agreement, including without limitation the Territory and Restricted Period, are reasonable, fair and equitable in scope, terms and duration; are necessary to protect the legitimate business interests of SunTrust; and are a material inducement to SunTrust to enter into this Unit Agreement. Grantee covenants that Grantee will not challenge the enforceability of this Unit Agreement nor will Grantee raise any equitable defense to its enforcement. Failure of Grantee to fully perform the applicable covenants set forth above will result in a forfeiture of all unpaid Restricted Stock Units (and related Dividend Equivalent Rights) under this Unit Agreement as of the date of such failure. Such forfeiture will be in compliance with Treas. Reg. §1.409A-3(f).

(g) Additional Definitions. For purposes of §7(d) and §7(e), (A) The term "Confidential or Proprietary Information" for purposes of this Unit Agreement shall mean any secret, confidential, or proprietary information of SunTrust or a SunTrust Affiliate (other

9

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

than a Trade Secret) that has not become generally available to the public by the act of one who has the right to disclose such information without violating any right of SunTrust or a SunTrust Affiliate. (B) The term "Financial Services Business" for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

§8. WITHHOLDING.

(a) Upon the payment of any Restricted Stock Units, SunTrust's obligation to deliver shares of Stock or cash to settle the Vested Units and Dividend Equivalent Rights shall be subject to the satisfaction of applicable tax withholding requirements, including federal, state, and local requirements. The Grantee must pay to SunTrust any applicable federal, state or local withholding tax due as a result of such payment and authorizes SunTrust to withhold such amounts.

(b) The Committee shall have the right to reduce the number of shares of Stock issued to the Grantee to satisfy the minimum applicable tax withholding requirements.

§9. RECOVERY OF AWARDS. At the end of the Performance Period, the Committee will evaluate overall Company and business unit performance in making its award decisions. By accepting this Grant, Grantee agrees to return to SunTrust (or to the cancellation of) all or a portion of any grant, paid and unpaid, vested or unvested, previously granted to such Grantee based upon a determination made by the Committee pursuant to §9(a), §9(b), or §9(c) below. The Committee shall impose a clawback authorized below only to the extent determined appropriate by the Committee. All determinations by the Committee shall be final and binding. All references to the “Committee” in this §9 shall include the Committee and the Committee's designee.

(a) Miscalculation of Performance Metric. If the Committee determines that a financial metric used to determine vesting of a Grant was calculated incorrectly, whether or not SunTrust is required to restate its financial statements and without regard to whether such miscalculation was due to fraud or intentional misconduct, then the Committee may require reimbursement of all or part of a Grant previously paidto Grantee and/or authorize the cancellation of unpaid or unvested Grants in the amount by which any such Grant exceeded a lower payment that would have been made based on the correctly calculated financial metric. In addition, the Grant shall be subject to the clawback requirements of (i) §954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of erroneously awarded compensation) and implementing rules and regulations thereunder, (ii) similar

10

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

rules under the laws of other jurisdictions and (iii) policies adopted by SunTrust to implement such requirements, all to the extent determined by the Committee to be applicable to Grantee.

(b) Detrimental Conduct. If the Committee determines that Grantee has engaged in Detrimental Conduct, then Grantee shall be required to reimburse SunTrust all or a portion of the Grant previously vested or paid and/or will be subject to cancellation of unvested or unpaid Grant. “Detrimental Conduct” means any one of the following: (1) the commission of an act of fraud or dishonesty in the course of the Grantee's employment; (2) improper conduct by the Grantee including, but not limited to, fraud, unethical conduct, falsification of SunTrust's records, unauthorized removal of SunTrust property or information, theft, violent acts or threats of violence, unauthorized possession of controlled substances on the property of SunTrust, conduct causing reputational harm to SunTrust or its clients, or the use of SunTrust property, facilities or services for unauthorized or illegal purposes; (3) the improper disclosure by the Grantee of proprietary, privileged or confidential information of SunTrust or a SunTrust client or former client or breach of a fiduciary duty owed to SunTrust or a SunTrust client or former client; (4) the commission of a criminal act by the Grantee, whether or not performed in the workplace, that constitutes a felony or a crime of comparable magnitude under applicable law as determined by SunTrust in its sole discretion, or that subjects, or if generally known, would subject SunTrust to public ridicule or embarrassment; (5) the commission of an act or omission which causes the Grantee or SunTrust to be in violation of federal or state securities laws, rules or regulations, and/or the rules of any exchange or association of which SunTrust is a member, including statutory disqualification; (6) the Grantee's failure to perform the duties of Grantee's job which are set forth in Grantee's written job description, written operating policies, individual performance goals or other written document available to Grantee and which in each case SunTrust views as being material to Grantee's position and the overall business of SunTrust under circumstances where such failure is detrimental to SunTrust; (7) the material breach of a written policy applicable to teammates of SunTrust including, but not limited to, the SunTrust Code of Business Conduct and Ethics; (8) an act or omission by the Grantee which results or is intended to result in personal gain at the expense of SunTrust; or (9) an other act or omission which constitutes “cause” for termination.

(c) Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and Grantee's accountability for such losses, and may require reimbursement of all or part of a Grant previously paidto Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee's degree of involvement (including such factors as Grantee's current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which Grantee was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee's performance.

§10. NO EMPLOYMENT RIGHTS. Nothing in the Plan or this Unit Agreement or any related material shall give the Grantee the right to continue in the employment of SunTrust or any Subsidiary or adversely affect the right of SunTrust or any Subsidiary to terminate the Grantee's employment with or without cause at any time.

§11. OTHER LAWS. Notwithstanding anything herein to the contrary, SunTrust shall have the right to refuse to pay any cash award or to issue or transfer any shares under this Unit Agreement if SunTrust acting in its absolute discretion determines that such payment or issuance or transfer of such Stock might violate any applicable law or regulation.

§12. MISCELLANEOUS.

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TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

(a) This Unit Agreement shall be subject to all of the provisions, definitions, terms and conditions set forth in the Plan and any interpretations, rules and regulations promulgated by the Committee from time to time, all of which are incorporated by reference in this Unit Agreement.

(b) The Plan and this Unit Agreement shall be governed by the laws of the State of Georgia (without regard to its choice-of-law provisions).

(c) No rights granted under the Plan or this Unit Agreement and no Restricted Stock Units shall be deemed transferable by the Grantee other than by will or by the laws of descent and distribution prior to the time the Grantee's interest in such units has become fully vested.

(d) Any written notices provided for in this Unit Agreement that are sent by mail shall be deemed received three (3) business days after mailing, but not later than the date of actual receipt or, if delivered electronically, on the date of transmission. Notices shall be directed, if to Grantee, at Grantee’s address (or email address) indicated by SunTrust’s records and, if to SunTrust, at SunTrust’s principal executive office.

(e) If one or more of the provisions of this Unit Agreement shall be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null and void; however, to the extent permissible by law, any provisions which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Unit Agreement to be construed so as to foster the intent of this Unit Agreement and the Plan.

(f) This Unit Agreement (which incorporates the terms and conditions of the Plan) constitutes the entire agreement of the parties with respect to the subject matter hereof. This Unit Agreement supersedes all prior discussions, negotiations, understandings, commitments and agreements with respect to such matters.

(g) The Restricted Stock Units are intended to comply with Code §409A and official guidance issued thereunder. Notwithstanding anything herein to the contrary, this Unit Agreement shall be interpreted, operated and administered in a manner consistent with this intention.

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TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AGREEMENT

APPENDIX A

Peer Group

Company Name

1. Key Corp

2. Bank of America

3. Fifth Third Bancorp

4. Regions Financial Corp

5. PNC Financial Services Group, Inc.

6. Wells Fargo

7. BB&T Corp.

8. Huntington Banchares Corporation

9. U.S. Bancorp

10. M&T Bank Corp.

11. Citizens Financial Group

13

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

SEC RELEASE NO. 33-8124

I, William H. Rogers, Jr., certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of SunTrust Banks, Inc.;

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

(5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 4, 2017.

/s/ William H. Rogers, Jr.

William H. Rogers, Jr.,

Chairman of the Board and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

SEC RELEASE NO. 33-8124

I, Aleem Gillani, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of SunTrust Banks, Inc.;

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

(5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 4, 2017.

/s/ Aleem Gillani

Aleem Gillani, Corporate Executive

Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of SunTrust Banks, Inc. (the “Company”) for the period ended March 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, William H. Rogers, Jr., Chairman of the Board and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 4, 2017.

/s/ William H. Rogers, Jr.

William H. Rogers, Jr.,

Chairman of the Board and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of SunTrust Banks, Inc. (the “Company”) for the period ended March 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Aleem Gillani, Corporate Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 4, 2017.

/s/ Aleem Gillani

Aleem Gillani, Corporate Executive

Vice President and Chief Financial Officer

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Document and Entity Information - $ / shares	3 Months Ended
	Mar. 31, 2017	Apr. 28, 2017	Dec. 31, 2016
Entity Registrant Name	SUNTRUST BANKS INC
Entity Central Index Key	0000750556
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		483,476,213
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Common Stock, Par or Stated Value Per Share	$ 1.00		$ 1.00

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Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016
Interest Income
Interest and fees on loans		$ 1,289		$ 1,203
Interest and fees on loans held for sale		24		19
Interest and Dividend Income, Securities, Available-for-sale		187		163
Trading account interest and other		28		26
Total interest income		1,528		1,411
Interest Expense
Interest on deposits		80		59
Interest Expense, Long-term Debt		70		59
Interest on other borrowings		12		11
Total interest expense		162		129
Net, interest income		1,366		1,282
Provision for Loan, Lease, and Other Losses		119	[1]	101	[2]
Interest Income (Expense), after Provision for Loan Loss		1,247		1,181
Noninterest Income
Service charges on deposit accounts		148		153
Fees and Commissions, Other		95		93
Fees and Commissions, Credit and Debit Cards		82		78
Investment Banking Revenue		167		98
Trading Gain (Loss)		51		55
Fees and Commissions, Fiduciary and Trust Activities		75		75
Investment Advisory, Management and Administrative Fees		68		69
Fees and Commissions, Mortgage Banking		53		60
Servicing Fees, Net		(58)		(62)
commercial real estate related income	[3]	20		17
Gain (Loss) on Sale of Securities, Net		0		0
Noninterest Income, Other Operating Income	[3]	30		21
Total noninterest income		847		781
Noninterest Expense
Employee compensation		717		639
Other Labor-related Expenses		135		135
Outside processing and software		205		198
Net occupancy expense		92		85
Equipment Expense		39		40
Marketing and Advertising Expense		42		44
Federal Deposit Insurance Corporation Premium Expense		48		36
Operating losses		32		24
Amortization		13		10
Other Noninterest Expense		142		107
Noninterest Expense		1,465		1,318
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest		629		644
Income Tax Expense (Benefit)		159		195
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		470		449
Net Income (Loss) Attributable to Noncontrolling Interest		2		2
Net Income (Loss) Attributable to Parent		468		447
Net Income (Loss) Available to Common Stockholders, Basic		$ 451		$ 430
Weighted Average Number of Shares Outstanding, Basic		490,091		505,482
Weighted Average Number of Shares Outstanding, Diluted		496,002		509,931
Common Stock, Dividends, Per Share, Declared		$ 0.26		$ 0.24
Earnings Per Share, Basic		0.92		0.85
Earnings Per Share, Diluted		$ 0.91		$ 0.84

[1] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

[2] Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

[3] Beginning January 1, 2017, the Company began presenting income related to the Company's Pillar, STCC, and Structured Real Estate businesses as a separate line item on the Consolidated Statements of Income titled Commercial real estate related income. For periods prior to January 1, 2017, these amounts were previously presented in Other noninterest income and have been reclassified to Commercial real estate related income for comparability.

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Consolidated Statements of Comprehensive Income Consolidated Statement of Comprehensive Income - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net Income (Loss) Attributable to Parent		$ 468	$ 447
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax		2	279
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax		(42)	150
Other Comprehensive Income (Loss), Brokered Time Deposits, Net of Tax		0	0
Other Comprehensive Income (Loss), Long Term Debt, Adjustment, Net of Tax	[1]	(1)	(2)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax		(5)	59
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		(46)	486
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		$ 422	$ 933

[1] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," and Note 18, "Accumulated Other Comprehensive (Loss)/Income," for additional information.

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Consolidated Statements of Comprehensive Income Consolidated Statement of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	$ 1	$ 165
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	(24)	89
Other Comprehensive Income (Loss), Long Term Debt, Adjustment, Tax	(1)	(1)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Tax	$ (1)	$ 35

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Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and Due from Banks		$ 6,957	$ 5,091
Federal Funds Sold and Securities Purchased under Agreements to Resell		1,292	1,307
Interest-bearing Deposits in Banks and Other Financial Institutions		25	25
Cash and cash equivalents		8,274	6,423
Trading assets	[1]	6,007	6,067
Available-for-sale Securities	[2]	31,127	30,672
Loans Held for Sale	[3]	2,109	4,169
Loans held for investment	[4]	143,529	143,298
Loans and Leases Receivable, Allowance		(1,714)	(1,709)
Net loans		141,815	141,589
Property, Plant and Equipment, Net		1,543	1,556
Goodwill		6,338	6,337
Intangible Assets, Net (Excluding Goodwill)		1,729	1,657
Other Assets		6,700	6,405
Total assets		205,642	204,875
Liabilities and Shareholders' Equity
Noninterest-bearing consumer and commercial deposits		43,437	43,431
Interest-bearing Deposit Liabilities		119,416	116,967
Total deposits		162,853	160,398
Funds purchased		1,037	2,116
Securities Sold under Agreements to Repurchase		1,704	1,633
Other Short-term Borrowings		1,955	1,015
Long-term Debt	[5]	10,496	11,748
Trading liabilities		1,225	1,351
Other Liabilities		2,888	2,996
Total liabilities		182,158	181,257
Preferred Stock, Value, Outstanding		1,225	1,225
Common Stock, Value, Outstanding		550	550
Additional Paid in Capital		8,966	9,010
Retained earnings		16,322	16,000
Treasury stock, at cost, and other	[6]	(2,712)	(2,346)
Accumulated Other Comprehensive Income (Loss), Net of Tax		(867)	(821)
Total shareholders' equity		23,484	23,618
Liabilities and Equity		$ 205,642	$ 204,875
Common Stock, Shares, Outstanding	[7]	485,712	491,188
Common shares authorized		750,000	750,000
Preferred Stock, Shares Outstanding		12	12
Preferred Stock, Shares Authorized		50,000	50,000
Treasury shares of common stock		64,301	58,738
Treasury Stock and Other
Liabilities and Shareholders' Equity
Treasury stock, at cost, and other		$ (2,812)
Total shareholders' equity	[8]	(2,712)	$ (2,346)
Variable Interest Entity, Primary Beneficiary [Member]
Assets
Loans held for investment		201	211
Liabilities and Shareholders' Equity
Long-term Debt		$ 214	$ 222
Restricted Stock [Member]
Liabilities and Shareholders' Equity
Common Stock, Shares, Outstanding		11	11

[1] Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral of $1,229 million and $1,437 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

[3] Includes $1.8 billion and $3.5 billion of LHFS measured at fair value at March 31, 2017 and December 31, 2016, respectively.

[4] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

[5] Includes debt of consolidated VIEs of $214 million and $222 million at March 31, 2017 and December 31, 2016, respectively.

[6] Includes noncontrolling interest of $101 million and $103 million at March 31, 2017 and December 31, 2016, respectively.

[7] Includes restricted shares of 11 thousand and 11 thousand at March 31, 2017 and December 31, 2016, respectively.

[8] At March 31, 2017, includes ($2,812) million for treasury stock, ($1) million for the compensation element of restricted stock, and $101 million for noncontrolling interest.At March 31, 2016, includes ($1,859) million for treasury stock, ($1) million for the compensation element of restricted stock, and $101 million for noncontrolling interest.

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Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Loans Held-for-sale, Fair Value Disclosure		$ 1,819	$ 3,540
Loans Receivable, Fair Value Disclosure		221	222
Servicing Asset at Fair Value, Amount		1,645	1,572
Long-term Debt, Fair Value		$ 771	$ 963
Common stock, par value		$ 1.00	$ 1.00
Loans and Leases Receivable, Gross	[1]	$ 143,529	$ 143,298
Long-term Debt	[2]	$ 10,496	$ 11,748
Common Stock, Shares, Outstanding	[3]	485,712	491,188
Variable Interest Entity, Primary Beneficiary [Member]
Loans and Leases Receivable, Gross		$ 201	$ 211
Long-term Debt		214	222
Treasury Stock and Other
Stockholders' Equity Attributable to Noncontrolling Interest		101	103
Residential Portfolio Segment [Member]
Loans Receivable, Fair Value Disclosure		221	222
Loans and Leases Receivable, Gross		$ 38,550	$ 38,990
Restricted Stock [Member]
Common Stock, Shares, Outstanding		11	11
Trading Securities [Member]
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value		$ 1,229	$ 1,437
Available-for-sale Securities [Member]
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value		100	0
Brokered Time Deposits [Member]
Deposits, Fair Value Disclosure		$ 128	$ 78

[1] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes debt of consolidated VIEs of $214 million and $222 million at March 31, 2017 and December 31, 2016, respectively.

[3] Includes restricted shares of 11 thousand and 11 thousand at March 31, 2017 and December 31, 2016, respectively.

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Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Millions		Total		Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock and Other	[1]	AOCI Attributable to Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Outstanding					509,000
Total shareholders' equity at Dec. 31, 2015		$ 23,437		$ 1,225	$ 550	$ 9,094	$ 14,686	$ (1,658)		$ (460)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of credit risk adjustment	[2]	0					5			(5)	[3]
Net Income (Loss) Attributable to Parent		447					447
Other Comprehensive Income (Loss), Net of Tax		486								486
Noncontrolling Interest, Period Increase (Decrease)		(7)						(7)
Dividends, Common Stock, Cash		(121)					(121)
Dividends, Preferred Stock, Cash	[4]	(17)					(17)
Treasury Stock, Shares, Acquired					(4,000)
Treasury Stock, Value, Acquired, Cost Method		(151)						(151)
Payments for Repurchase of Warrants		(24)				(24)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period					0
Stock Issued During Period, Value, Stock Options Exercised		(1)				(3)		(2)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					0
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures		2				(50)	(1)	53
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition		2						2
Total shareholders' equity at Mar. 31, 2016		$ 24,053		1,225	$ 550	9,017	14,999	(1,759)		21
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Outstanding					505,000
Common Stock, Shares, Outstanding		491,188	[5]		491,000
Total shareholders' equity at Dec. 31, 2016		$ 23,618		1,225	$ 550	9,010	16,000	(2,346)		(821)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Parent		468					468
Other Comprehensive Income (Loss), Net of Tax		(46)								(46)
Noncontrolling Interest, Period Increase (Decrease)		(2)						(2)
Dividends, Common Stock, Cash		(128)					(128)
Dividends, Preferred Stock, Cash	[4]	(17)					(17)
Treasury Stock, Shares, Acquired					(7,000)
Treasury Stock, Value, Acquired, Cost Method		(414)						(414)
Payments for Repurchase of Warrants		0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period					1,000
Stock Issued During Period, Value, Stock Options Exercised		(9)				(12)		(21)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					1,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures		(4)				(32)	(1)	29
Total shareholders' equity at Mar. 31, 2017		$ 23,484		$ 1,225	$ 550	$ 8,966	$ 16,322	$ (2,712)		$ (867)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Outstanding		485,712	[5]		486,000

[1] At March 31, 2017, includes ($2,812) million for treasury stock, ($1) million for the compensation element of restricted stock, and $101 million for noncontrolling interest.At March 31, 2016, includes ($1,859) million for treasury stock, ($1) million for the compensation element of restricted stock, and $101 million for noncontrolling interest.

[2] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk, beginning January 1, 2016. See Note 1, "Significant Accounting Policies," and Note 18, "Accumulated Other Comprehensive (Loss)/Income," for additional information.

[3] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," for additional information.

[4] For the three months ended March 31, 2017, dividends were $1,000 per share for both Perpetual Preferred Stock Series A and B, $1,469 per share for Perpetual Preferred Stock Series E, and $1,406 per share for Perpetual Preferred Stock Series F.For the three months ended March 31, 2016, dividends were $1,011 per share for both Perpetual Preferred Stock Series A and B, $1,469 per share for Perpetual Preferred Stock Series E, and $1,406 per share for Perpetual Preferred Stock Series F.

[5] Includes restricted shares of 11 thousand and 11 thousand at March 31, 2017 and December 31, 2016, respectively.

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Consolidated Statements of Shareholders' Equity (Parenthetical) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Treasury Stock, Value	[1]	$ (2,712)
Common stock dividends, per share		$ 0.26	$ 0.24
Treasury Stock and Other
Treasury Stock, Value		$ (2,812)	$ (1,859)
Deferred Compensation Equity		(1)	(1)
Stockholders' Equity Attributable to Noncontrolling Interest		$ 101	$ 101
Series A Preferred Stock [Member]
Preferred Stock, Dividends, Per Share, Cash Paid		$ 1,000	$ 1,011
Series B Preferred Stock [Member]
Preferred Stock, Dividends, Per Share, Cash Paid		1,000	1,011
Series E Preferred Stock [Member]
Preferred Stock, Dividends, Per Share, Cash Paid		1,469	1,469
Series F Preferred Stock [Member] | Additional Paid-in Capital [Member]
Preferred Stock, Dividends, Per Share, Cash Paid		$ 1,406	$ 1,406

[1] Includes noncontrolling interest of $101 million and $103 million at March 31, 2017 and December 31, 2016, respectively.

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Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities, Continuing Operations		$ 2,098	$ (197)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		470	449
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation, Amortization and Accretion, Net		179	171
Payments to Acquire Mortgage Servicing Rights (MSR)		(101)	(46)
Provisions For Credit Losses And Foreclosed Properties		121	103
Stock Option Compensation And Amortization Of Restricted Stock Compensation		58	25
Gain (Loss) on Sale of Securities, Net		0	0
Gain (Loss) on Sale of Loans and Leases		(6)	(84)
Net decrease/(increase) in loans held for sale		2,056	(4)
Increase (Decrease) in Trading Securities		(8)	(689)
Net (increase)/decrease in other assets	[1]	(387)	146
Increase (Decrease) in Other Operating Liabilities	[1]	(284)	(268)
Cash Flows from Investing Activities:
Net Cash Provided by (Used in) Investing Activities, Continuing Operations		(819)	(3,459)
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities		993	1,057
Purchases of securities available for sale		(1,450)	(1,008)
Proceeds from (payments for) Originations and Purchases of Loans Held-for-investment		(492)	(3,438)
Proceeds from sales of loans		118	18
Payments for (Proceeds from) Mortgage Servicing Rights		0	(75)
Capital expenditures		(43)	(24)
Payments related to acquisitions, including contingent consideration		0	(23)
Proceeds from Sale of Other Real Estate		55	34
Cash Flows from Financing Activities:
Net Cash Provided by (Used in) Financing Activities, Continuing Operations		572	2,384
Net (decrease)/increase in total deposits		2,455	2,331
Net increase/(decrease) in funds purchased, securities sold under agreements to repurchase, and other short-term borrowings		(68)	317
Proceeds from Issuance of Long-term Debt		1,340	1,105
Repayment of long-term debt		(2,576)	(1,019)
Payments for Repurchase of Common Stock		(414)	(151)
Payments for Repurchase of Warrants		0	(24)
Common and preferred dividends paid		(138)	(130)
Proceeds from the exercise of stock options	[1]	9	1
Payments Related to Tax Withholding for Share-based Compensation	[1]	(36)	(46)
Cash and Cash Equivalents, Period Increase (Decrease)		1,851	(1,272)
Cash and cash equivalents		6,423	5,599
Cash and cash equivalents		8,274	4,327
Supplemental Disclosures:
Transfer of Loans Held-for-sale to Portfolio Loans		7	5
Transfer of Portfolio Loans and Leases to Held-for-sale		60	55
Transfer to Other Real Estate		15	16
Non-cash impact of debt acquired by purchaser in leverage lease sale		$ 0	$ 26

[1] Related to the Company's early adoption of ASU 2016-09, certain prior period amounts have been retrospectively reclassified between operating activities and financing activities.

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Significant Accounting Policies

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation and Basis of Presentation

The unaudited Consolidated Financial Statements have been prepared in accordance with U.S. GAAP to present interim financial statement information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete, consolidated financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes; actual results could vary from these estimates. Certain reclassifications have been made to prior period amounts to conform to the current period presentation.

These interim Consolidated Financial Statements should be read in conjunction with the Company’s 2016 Annual Report on Form 10-K. Other than the recently issued accounting pronouncements discussed in this section, there have been no significant changes to the Company’s accounting policies, as disclosed in the 2016 Annual Report on Form 10-K, that could have a material effect on the Company's financial statements.

The Company evaluated events that occurred between March 31, 2017 and the date the accompanying financial statements were issued, and there were no material events, other than those already discussed in this Form 10-Q, that would require recognition in the Company's Consolidated Financial Statements or disclosure in the accompanying Notes.

Recently Issued Accounting Pronouncements

The following table summarizes ASUs recently issued by the FASB that could have a material effect on the Company's financial statements:

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Adopted in 2017 (or partially adopted previously)
ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities	The ASU amends ASC Topic 825, Financial Instruments-Overall, and addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The main provisions require investments in equity securities to be measured at fair value through net income, unless they qualify for a practicability exception, and require fair value changes arising from changes in instrument-specific credit risk for financial liabilities that are measured under the fair value option to be recognized in other comprehensive income. With the exception of disclosure requirements that will be adopted prospectively, the ASU must be adopted on a modified retrospective basis.	January 1, 2018 Early adoption is permitted beginning January 1, 2016 or 2017 for the provision related to changes in instrument-specific credit risk for financial liabilities under the FVO.	The Company early adopted the provision related to changes in instrument-specific credit risk beginning January 1, 2016, which resulted in an immaterial, cumulative effect adjustment from retained earnings to AOCI. See Note 18, "Accumulated Other Comprehensive (Loss)/Income" for additional information. The Company is evaluating the impact of the remaining provisions of this ASU on the Consolidated Financial Statements and related disclosures; however, the impact is not expected to be material.

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Not Yet Adopted
ASU 2014-09, Revenue from Contracts with Customers ASU 2015-14, Deferral of the Effective Date ASU 2016-08, Principal versus Agent Considerations ASU 2016-10, Identifying Performance Obligations and Licensing ASU 2016-12, Narrow-Scope Improvements and Practical Expedients ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers	These ASUs supersede the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the ASUs is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASUs may be adopted either retrospectively or on a modified retrospective basis to new contracts and existing contracts, with remaining performance obligations as of the effective date.	January 1, 2018 Early adoption is permitted beginning January 1, 2017.	The Company continues to evaluate the anticipated effects of these ASUs on the Consolidated Financial Statements and related disclosures. The Company has conducted a comprehensive scoping exercise to determine the revenue streams that are in the scope of these updates. Preliminary results indicate that certain noninterest income financial statement line items, including service charges on deposit accounts, card fees, other charges and fees, investment banking income, trust and investment management income, retail investment services, commercial real estate related income, and other noninterest income, contain revenue streams that are in scope of these updates. Preliminary analyses indicate that there will be a change to gross presentation of certain types of revenue and expenses within investment banking income, such as underwriting revenue and expenses; the materiality of these changes is still being assessed. Other areas are still being evaluated, such as card interchange fees, card rewards programs, and service charges on deposit accounts. The Company is in the process of developing additional quantitative and qualitative disclosures that will be required upon adoption of the new ASUs. The Company plans to adopt the standards beginning January 1, 2018 and expects to use the modified retrospective method of adoption.
ASU 2016-02, Leases	The ASU creates ASC Topic 842, Leases, and supersedes Topic 840, Leases. Topic 842 requires lessees to recognize right-of-use assets and associated liabilities that arise from leases, with the exception of short-term leases. The ASU does not make significant changes to lessor accounting; however, there were certain improvements made to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. There are several new qualitative and quantitative disclosures required. Upon transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach.	January 1, 2019 Early adoption is permitted.	The adoption of this ASU will result in an increase to the Consolidated Balance Sheets for right-of-use assets and associated lease liabilities for operating leases in which the Company is the lessee. The Company is evaluating the significance and other effects of adoption on the Consolidated Financial Statements and related disclosures.
ASU 2016-13, Measurement of Credit Losses on Financial Instruments	The ASU amends ASC Topic 326, Financial Instruments-Credit Losses, to replace the incurred loss impairment methodology with a CECL methodology for financial instruments measured at amortized cost and other commitments to extend credit. For this purpose, expected credit losses reflect losses over the remaining contractual life of an asset, considering the effect of voluntary prepayments and considering available information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The resulting allowance for credit losses reflects the portion of the amortized cost basis that the entity does not expect to collect. Additional quantitative and qualitative disclosures are required upon adoption. The CECL model does not apply to AFS debt securities; however the ASU requires entities to record an allowance when recognizing credit losses for AFS securities, rather than recording a direct write-down of the carrying amount.	January 1, 2020 Early adoption is permitted beginning January 1, 2019.	The Company has formed a cross-functional team to oversee the implementation of this ASU and it has begun to assess the required changes to its credit loss estimation methodologies. The Company is evaluating the impact this ASU will have on its Consolidated Financial Statements and related disclosures, and the Company currently anticipates that an increase to the allowance for credit losses will be recognized upon adoption to provide for the expected credit losses over the estimated life of the financial assets. However, the magnitude of the anticipated increase in the allowance for credit losses will be impacted by economic conditions and trends in the Company’s portfolio at the time of adoption.
ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business	The ASU amends ASC Topic 805, Business Combinations, to provide a more robust framework to use in determining when a set of assets and activities meets the definition of a business. The amendment indicates that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set of gross assets acquired does not represent a business. Further, a set of gross assets acquired cannot be considered a business unless it includes an input and a substantive process that together significantly contribute to the ability to create an output. The ASU should be applied on a prospective basis.	January 1, 2018 Early adoption is permitted.	This ASU will not impact the Consolidated Financial Statements and related disclosures until an asset acquisition or business combination occurs that requires an analysis to determine if the acquired assets are a business under the new guidance.

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Not Yet Adopted (continued)
ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment	The ASU amends ASC Topic 350, Intangibles - Goodwill and Other, to simplify the subsequent measurement of goodwill, by eliminating Step 2 from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. Entities should recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, but the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU should be applied on a prospective basis.	January 1, 2020 Early adoption is permitted.	Based on the Company's most recent annual impairment test, there were no reporting units for which the carrying amount of the reporting unit exceeded its fair value; therefore, this ASU does not currently have an impact on the Company's Consolidated Financial Statements and related disclosures. However, if upon adoption the carrying amount of a reporting unit exceeds its fair value, the Company would be impacted by the amount of impairment recognized.
ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets	The ASU amends ASC Topic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to clarify the scope of the Topic by clarifying the definition of the term "in substance nonfinancial asset" and also adding guidance for partial sales of nonfinancial assets. Under the new guidance, an entity will derecognize a nonfinancial asset when it does not have or ceases to have a controlling interest in the legal entity that holds the asset and when control of the asset has transferred in accordance with ASC 606. The ASU can be adopted on a retrospective or modified retrospective approach.	January 1, 2018 Early adoption is permitted beginning January 1, 2017.	The Company is evaluating the impact this ASU will have on its Consolidated Financial Statements and related disclosures.

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Acquisitions/Dispositions Acquisitions/Dispositions (Notes)

3 Months Ended

Mar. 31, 2017

Acquisitions/Dispositions [Abstract]

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

NOTE 2 - ACQUISITIONS/DISPOSITIONS

During the three months ended March 31, 2017 and 2016, the Company had no material acquisitions or dispositions.

Acquisition of Pillar

On December 15, 2016, the Company completed the acquisition of substantially all of the assets of the operating subsidiaries of Pillar Financial, LLC, a multi-family agency lending and servicing company with an originate-to-distribute focus that holds licenses with Fannie Mae, Freddie Mac, and the FHA. The acquired assets include Pillar's multi-family lending business, which is comprised of multi-family affordable housing, health care properties, senior housing, and manufactured housing specialty teams. Additionally, the transaction includes Cohen Financial's commercial real estate investor services business, which provides loan administration, advisory, and commercial mortgage brokerage services.

The Company agreed to pay $197 million in cash and incurred an immaterial amount of acquisition-related costs for the acquisition. The acquisition of Pillar was accounted for using the acquisition method of accounting. The Company performed a preliminary allocation of the purchase price to the underlying assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. Refer to the Company's 2016 Annual Report on Form 10-K for additional information.

During the three months ended March 31, 2017, the Company finalized its valuation of assets acquired and liabilities assumed at the date of acquisition, and revised the preliminary purchase price allocation accordingly. The following table presents the revised purchase price allocation at March 31, 2017, which included a $1 million reduction to other intangible assets, resulting in the recognition of $1 million of goodwill.

(Dollars in millions)	March 31, 2017
Consideration		$197
Revised Pillar purchase price allocation to:
Cash and cash equivalents		$9
LHFI	38
LHFS	182
Commercial mortgage servicing rights	62
Other intangible assets	13
Other assets	8
Other short-term borrowings	(100		)
Other liabilities	(16		)
Identified net assets acquired at fair value		$196
Goodwill		$1

At the date of acquisition, the UPB of LHFI and LHFS acquired were $38 million and $180 million, respectively, and the related contractual cash flows not expected to be collected were immaterial. Additionally, intangible assets acquired included $62 million of commercial mortgage servicing rights and $13 million related mainly to agency licenses. See Note 8, "Goodwill and Other Intangible Assets," for additional information regarding the identified intangible assets acquired.

During the second quarter of 2017, the final settlement amount associated with working capital adjustments was reached and the purchase consideration of $197 million was finalized.

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Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell

3 Months Ended

Mar. 31, 2017

Securities Purchased under Agreements to Resell [Abstract]

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

NOTE 3 - FEDERAL FUNDS SOLD AND SECURITIES FINANCING ACTIVITIES

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell

Fed funds sold and securities borrowed or purchased under agreements to resell were as follows:

(Dollars in millions)	March 31, 2017		December 31, 2016
Fed funds sold		$18		$58
Securities borrowed	362		270
Securities purchased under agreements to resell	912		979
Total Fed funds sold and securities borrowed or purchased under agreements to resell		$1,292		$1,307

Securities purchased under agreements to resell are primarily collateralized by U.S. government or agency securities and are carried at the amounts at which the securities will be subsequently resold, plus accrued interest. Securities borrowed are primarily collateralized by corporate securities. The Company borrows securities and purchases securities under agreements to resell as part of its securities financing activities. On the acquisition date of these securities, the Company and the related counterparty agree on the amount of collateral required to secure the principal amount loaned under these arrangements. The Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the respective agreements. At both March 31, 2017 and December 31, 2016, the total market value of collateral held was $1.3 billion, of which $234 million and $246 million was repledged, respectively.

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase are accounted for as secured borrowings. The following table presents the Company’s related activity, by collateral type and remaining contractual maturity:

	March 31, 2017								December 31, 2016
(Dollars in millions)	Overnight and Continuous		Up to 30 days		30-90 days		Total		Overnight and Continuous		Up to 30 days		30-90 days		Total
U.S. Treasury securities		$125		$—		$—		$125		$27		$—		$—		$27
Federal agency securities	112		25		—		137		288		24		—		312
MBS - agency	861		124		—		985		793		51		—		844
CP	82		—		—		82		49		—		—		49
Corporate and other debt securities	285		50		40		375		311		50		40		401
Total securities sold under agreements to repurchase		$1,465		$199		$40		$1,704		$1,468		$125		$40		$1,633

For these securities sold under agreements to repurchase, the Company would be obligated to provide additional collateral in the event of a significant decline in fair value of the collateral pledged. This risk is managed by monitoring the liquidity and credit quality of the collateral, as well as the maturity profile of the transactions.

Netting of Securities - Repurchase and Resell Agreements

The Company has various financial assets and financial liabilities that are subject to enforceable master netting agreements or similar agreements. The Company's derivatives that are subject to enforceable master netting agreements or similar agreements are discussed in Note 14, "Derivative Financial Instruments." The following table presents the Company's securities borrowed or purchased under agreements to resell and securities sold under agreements to repurchase that are subject to MRAs. Generally, MRAs require collateral to exceed the asset or liability recognized on the balance sheet. Transactions subject to these agreements are treated as collateralized financings, and those with a single counterparty are permitted to be presented net on the Company's Consolidated Balance Sheets, provided certain criteria are met that permit balance sheet netting. At March 31, 2017 and December 31, 2016, there were no such transactions subject to legally enforceable MRAs that were eligible for balance sheet netting.

The following table includes the amount of collateral pledged or received related to exposures subject to enforceable MRAs. While these agreements are typically over-collateralized, the amount of collateral presented in this table is limited to the amount of the related recognized asset or liability for each counterparty.

(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
March 31, 2017
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,274		$—		$1,274	1		$1,262		$12
Financial liabilities:
Securities sold under agreements to repurchase	1,704		—		1,704			1,704		—
December 31, 2016
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,249		$—		$1,249	1		$1,241		$8
Financial liabilities:
Securities sold under agreements to repurchase	1,633		—		1,633			1,633		—

¹ Excludes $18 million and $58 million of Fed funds sold, which are not subject to a master netting agreement at March 31, 2017 and December 31, 2016, respectively.

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Trading Assets and Liabilities and Derivatives Trading Assets and Liabilities and Derivatives

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Trading Assets and Liabilities and Derivatives [Text Block]

NOTE 4 - TRADING ASSETS AND LIABILITIES AND DERIVATIVE INSTRUMENTS

The fair values of the components of trading assets and liabilities and derivative instruments are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Trading Assets and Derivative Instruments:
U.S. Treasury securities		$450		$539
Federal agency securities	361		480
U.S. states and political subdivisions	55		134
MBS - agency	560		567
CLO securities	—		1
Corporate and other debt securities	590		656
CP	491		140
Equity securities	41		49
Derivative instruments 1	863		984
Trading loans 2	2,596		2,517
Total trading assets and derivative instruments		$6,007		$6,067
Trading Liabilities and Derivative Instruments:
U.S. Treasury securities		$528		$697
MBS - agency	5		1
Corporate and other debt securities	326		255
Equity securities	5		—
Derivative instruments 1	361		398
Total trading liabilities and derivative instruments		$1,225		$1,351

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 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 STRH, a broker/dealer subsidiary of the Company. 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 other similar financial instruments. Other trading-related activities include acting as a market maker for certain debt and equity security transactions, derivative instrument transactions, and foreign exchange transactions. 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 and non-trading activities, and assumes a limited degree of market risk by managing the size and nature of its exposure. For valuation assumptions and additional information related to the Company's trading products and derivative instruments, see Note 14, “Derivative Financial Instruments,” and the “Trading Assets and Derivative Instruments and Securities Available for Sale” section of Note 15, “Fair Value Election and Measurement.”

Pledged trading assets are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Pledged trading assets to secure repurchase agreements 1		$958		$968
Pledged trading assets to secure certain derivative agreements	273		471
Pledged trading assets to secure other arrangements	40		40

¹ Repurchase agreements secured by collateral totaled $918 million and $928 million at March 31, 2017 and December 31, 2016, respectively.

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Securities Available for Sale

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

NOTE 5 – SECURITIES AVAILABLE FOR SALE

Securities Portfolio Composition

	March 31, 2017
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,488		$5		$71		$5,422
Federal agency securities	297		6		1		302
U.S. states and political subdivisions	319		7		4		322
MBS - agency	23,791		291		287		23,795
MBS - non-agency residential	68		3		—		71
MBS - non-agency commercial	539		1		6		534
ABS	7		2		—		9
Corporate and other debt securities	34		—		—		34
Other equity securities 1	638		1		1		638
Total securities AFS		$31,181		$316		$370		$31,127
	December 31, 2016
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,486		$5		$86		$5,405
Federal agency securities	310		5		2		313
U.S. states and political subdivisions	279		5		5		279
MBS - agency	23,642		313		293		23,662
MBS - non-agency residential	71		3		—		74
MBS - non-agency commercial	257		—		5		252
ABS	8		2		—		10
Corporate and other debt securities	34		1		—		35
Other equity securities 1	642		1		1		642
Total securities AFS		$30,729		$335		$392		$30,672

¹ At March 31, 2017, the fair value of other equity securities was comprised of the following: $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $119 million of mutual fund investments, and $6 million of other.

At December 31, 2016, the fair value of other equity securities was comprised of the following: $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $102 million of mutual fund investments, and $6 million of other.

The following table presents interest and dividends on securities AFS:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
Taxable interest		$180		$159
Tax-exempt interest	2		1
Dividends	5		3
Total interest and dividends on securities AFS		$187		$163

Securities AFS pledged to secure public deposits, repurchase agreements, trusts, certain derivative agreements, and other funds had a fair value of $3.3 billion and $2.0 billionat March 31, 2017 and December 31, 2016, respectively.

The following table presents the amortized cost, fair value, and weighted average yield of investments in debt securities AFS at March 31, 2017, by remaining contractual maturity, with the exception of MBS and ABS, which are based on estimated average life. Receipt of cash flows may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.

	Distribution of Remaining Maturities
(Dollars in millions)	Due in 1 Year or Less			Due After 1 Year through 5 Years			Due After 5 Years through 10 Years			Due After 10 Years			Total
Amortized Cost:
U.S. Treasury securities		$—			$2,345			$3,143			$—			$5,488
Federal agency securities	110			82			7			98			297
U.S. states and political subdivisions	9			32			117			161			319
MBS - agency	1,709			7,000			14,287			795			23,791
MBS - non-agency residential	—			68			—			—			68
MBS - non-agency commercial	20			12			492			15			539
ABS	—			7			—			—			7
Corporate and other debt securities	15			19			—			—			34
Total debt securities AFS		$1,863			$9,565			$18,046			$1,069			$30,543
Fair Value:
U.S. Treasury securities		$—			$2,334			$3,088			$—			$5,422
Federal agency securities	112			85			7			98			302
U.S. states and political subdivisions	9			33			122			158			322
MBS - agency	1,802			7,119			14,088			786			23,795
MBS - non-agency residential	—			71			—			—			71
MBS - non-agency commercial	20			12			486			16			534
ABS	—			9			—			—			9
Corporate and other debt securities	15			19			—			—			34
Total debt securities AFS		$1,958			$9,682			$17,791			$1,058			$30,489
Weighted average yield 1	3.16		%	2.32		%	2.60		%	2.98		%	2.56		%

¹ Weighted average yields are based on amortized cost.

Securities AFS in an Unrealized Loss Position

The Company held certain investment securities AFS where amortized cost exceeded fair value, resulting in unrealized loss positions. Market changes in interest rates and credit spreads may result in temporary unrealized losses as the market prices of securities fluctuate. At March 31, 2017, the Company did not intend to sell these securities nor was it more-likely-than-not that the Company would be required to sell these securities before their anticipated recovery or maturity. The Company reviewed its portfolio for OTTI in accordance with the accounting policies described in Note 1, "Significant Accounting Policies," to the Company's 2016 Annual Report on Form 10-K.

Securities AFS in an unrealized loss position at period end are presented in the following tables:

	March 31, 2017
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized Losses 2		Fair Value		Unrealized Losses 2		Fair Value		Unrealized Losses 2
Temporarily impaired securities AFS:
U.S. Treasury securities		$4,108		$71		$—		$—		$4,108		$71
Federal agency securities	94		1		3		—		97		1
U.S. states and political subdivisions	147		4		—		—		147		4
MBS - agency	14,445		280		500		7		14,945		287
MBS - non-agency commercial	325		6		—		—		325		6
ABS	—		—		5		—		5		—
Corporate and other debt securities	11		—		—		—		11		—
Other equity securities	—		—		4		1		4		1
Total temporarily impaired securities AFS	19,130		362		512		8		19,642		370
OTTI securities AFS 1:
MBS - non-agency residential	—		—		16		—		16		—
ABS	—		—		1		—		1		—
Total OTTI securities AFS	—		—		17		—		17		—
Total impaired securities AFS		$19,130		$362		$529		$8		$19,659		$370

¹ OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

² Unrealized losses less than $0.5 million are presented as zero within the table.

	December 31, 2016
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized  Losses 2		Fair Value		Unrealized Losses 2		Fair Value		Unrealized  Losses 2
Temporarily impaired securities AFS:
U.S. Treasury securities		$4,380		$86		$—		$—		$4,380		$86
Federal agency securities	96		2		3		—		99		2
U.S. states and political subdivisions	149		5		—		—		149		5
MBS - agency	14,622		285		451		8		15,073		293
MBS - non-agency commercial	184		5		—		—		184		5
ABS	—		—		5		—		5		—
Corporate and other debt securities	12		—		—		—		12		—
Other equity securities	—		—		4		1		4		1
Total temporarily impaired securities AFS	19,443		383		463		9		19,906		392
OTTI securities AFS 1:
MBS - non-agency residential	16		—		—		—		16		—
ABS	—		—		1		—		1		—
Total OTTI securities AFS	16		—		1		—		17		—
Total impaired securities AFS		$19,459		$383		$464		$9		$19,923		$392

¹ OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

² Unrealized losses less than $0.5 million are presented as zero within the table.

At March 31, 2017, temporarily impaired securities AFS that have been in an unrealized loss position for twelve months or longer included agency MBS, federal agency securities, one ABS collateralized by 2004 vintage home equity loans, and one equity security. Unrealized losses on these temporarily impaired agency MBS and federal agency securities were due to market interest rates being higher than the securities' stated coupon rates. The Company continues to receive timely distributions on the temporarily impaired ABS and equity security, and the ABS is evaluated quarterly for credit impairment. Unrealized losses on securities AFS that relate to factors other than credit are recorded in AOCI, net of tax.

Realized Gains and Losses and Other-Than-Temporarily Impaired Securities AFS

Net securities gains/(losses) are comprised of gross realized gains, gross realized losses, and OTTI credit losses recognized in earnings. For both the three months ended March 31, 2017 and 2016, there were no gross realized gains, gross realized losses, or OTTI credit losses recognized in earnings.

Securities AFS in an unrealized loss position are evaluated quarterly for other-than-temporary credit impairment, which is determined using cash flow analyses that take into account security specific collateral and transaction structure. Future expected credit losses are determined using various assumptions, the most significant of which include default rates, prepayment rates, and loss severities. If, based on this analysis, a security is in an unrealized loss position and the Company does not expect to recover the entire amortized cost basis of the security, the expected cash flows are then discounted at the security’s initial effective interest rate to arrive at a present value amount. Credit losses on the OTTI security are recognized in earnings and reflect the difference between the present value of cash flows expected to be collected and the amortized cost basis of the security. See Note 1, "Significant Accounting Policies," to the Company's 2016 Annual Report on Form 10-K for additional information regarding the Company's policy on securities AFS and related impairments.

The Company seeks to reduce existing exposure on OTTI securities primarily through paydowns. In certain instances, the amount of credit losses recognized in earnings on a debt security exceeds the total unrealized losses on the security, which may result in unrealized gains relating to factors other than credit recorded in AOCI, net of tax.

During both the three months ended March 31, 2017 and 2016, there were no credit impairment losses recognized on securities AFS held at the end of the period. The accumulated balance of OTTI credit losses recognized in earnings on securities AFS held at period end was $22 millionat March 31, 2017 and $24 million at March 31, 2016. Subsequent credit losses may be recorded on securities without a corresponding further decline in fair value when there has been a decline in expected cash flows.

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Loans

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]

NOTE 6 - LOANS

Composition of Loan Portfolio

(Dollars in millions)	March 31, 2017		December 31, 2016
Commercial loans:
C&I		$68,971		$69,213
CRE	5,067		4,996
Commercial construction	4,215		4,015
Total commercial loans	78,253		78,224
Residential loans:
Residential mortgages - guaranteed	549		537
Residential mortgages - nonguaranteed 1	26,110		26,137
Residential home equity products	11,511		11,912
Residential construction	380		404
Total residential loans	38,550		38,990
Consumer loans:
Guaranteed student	6,396		6,167
Other direct	7,904		7,771
Indirect	11,067		10,736
Credit cards	1,359		1,410
Total consumer loans	26,726		26,084
LHFI		$143,529		$143,298
LHFS 2		$2,109		$4,169

¹ Includes $221 million and $222 million of LHFI measured at fair value at March 31, 2017 and December 31, 2016, respectively.

² Includes $1.8 billion and $3.5 billion of LHFS measured at fair value at March 31, 2017 and December 31, 2016, respectively.

During the three months ended March 31, 2017 and 2016, the Company transferred $60 million and $55 million in LHFI to LHFS, and $7 million and $5 million in LHFS to LHFI, respectively. In addition to sales of residential and commercial mortgage LHFS in the normal course of business, the Company sold $118 million and $18 million in loans and leases during the three months ended March 31, 2017 and 2016, respectively, at a price approximating their recorded investment.

During the three months ended March 31, 2017, the Company purchased $539 million of guaranteed student loans during the normal course of business and $99 million of indirect loans. During the three months ended March 31, 2016, the Company purchased $537 million of guaranteed student loans during the normal course of business.

At March 31, 2017 and December 31, 2016, the Company had $22.8 billion and $22.6 billion, respectively, of net eligible loan collateral pledged to the Federal Reserve discount window to support $17.0 billion of available, unused borrowing capacity at the end of each period.

At March 31, 2017 and December 31, 2016, the Company had $36.2 billion and $36.9 billion of net eligible loan collateral pledged to the FHLB of Atlanta to support $30.8 billion and $31.9 billion of available borrowing capacity, respectively. The available FHLB borrowing capacity at March 31, 2017 was used to support $2.3 billion of long-term debt and $6.1 billion of letters of credit issued on the Company's behalf. At December 31, 2016, the available FHLB borrowing capacity was used to support $2.8 billion of long-term debt and $7.3 billion of letters of credit issued on the Company's behalf.

Credit Quality Evaluation

The Company evaluates the credit quality of its loan portfolio by employing a dual internal risk rating system, which assigns both PD and LGD ratings to derive expected losses. Assignment of these ratings are predicated upon numerous factors, including consumer credit risk scores, rating agency information, borrower/guarantor financial capacity, LTV ratios, collateral type, debt service coverage ratios, collection experience, other internal metrics/analyses, and/or qualitative assessments.

For the commercial portfolio, the Company believes that the most appropriate credit quality indicator is an individual loan’s risk assessment expressed according to the broad regulatory agency classifications of Pass or Criticized. The Company conforms to the following regulatory classifications for Criticized assets: Other Assets Especially Mentioned (or Special Mention), Adversely Classified, Doubtful, and Loss. However, for the purposes of disclosure, management believes the most meaningful distinction within the Criticized categories is between Criticized accruing (which includes Special Mention and a portion of Adversely Classified) and Criticized nonaccruing (which includes a portion of Adversely Classified and Doubtful and Loss). This distinction identifies those relatively higher risk loans for which there is a basis to believe that the Company will not collect all amounts due under those loan agreements. The Company's risk rating system is more granular, with multiple risk ratings in both the Pass and Criticized categories. Pass ratings reflect relatively low PDs, whereas, Criticized assets have higher PDs. The granularity in Pass ratings assists in establishing pricing, loan structures, approval requirements, reserves, and ongoing credit management requirements. Commercial risk ratings are refreshed at least annually, or more frequently as appropriate, based upon considerations such as market conditions, borrower characteristics, and portfolio trends. Additionally, management routinely reviews portfolio risk ratings, trends, and concentrations to support risk identification and mitigation activities.

For consumer and residential loans, the Company monitors credit risk based on indicators such as delinquencies and FICO scores. The Company believes that consumer credit risk, as assessed by the industry-wide FICO scoring method, is a relevant credit quality indicator. Borrower-specific FICO scores are obtained at origination as part of the Company’s formal underwriting process, and refreshed FICO scores are obtained by the Company at least quarterly.

For government-guaranteed loans, the Company monitors the credit quality based primarily on delinquency status, as it is a more relevant indicator of credit quality due to the government guarantee. At March 31, 2017 and December 31, 2016, 31% and 29%, respectively, of the guaranteed residential loan portfolio was current with respect to payments. At March 31, 2017 and December 31, 2016, 76% and 75%, respectively, of the guaranteed student loan portfolio was current with respect to payments. The Company's loss exposure on guaranteed residential and student loans is mitigated by the government guarantee.

LHFI by credit quality indicator are presented in the following tables:

	Commercial Loans
	C&I				CRE				Commercial Construction
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Risk rating:
Pass		$66,776		$66,920		$4,738		$4,574		$4,070		$3,914
Criticized accruing	1,867		1,903		323		415		127		84
Criticized nonaccruing	328		390		6		7		18		17
Total		$68,971		$69,213		$5,067		$4,996		$4,215		$4,015

	Residential Loans 1
	Residential Mortgages - Nonguaranteed				Residential Home Equity Products				Residential Construction
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current FICO score range:
700 and above		$22,137		$22,194		$9,506		$9,826		$322		$292
620 - 699	3,037		3,042		1,468		1,540		47		96
Below 620 2	936		901		537		546		11		16
Total		$26,110		$26,137		$11,511		$11,912		$380		$404

	Consumer Loans 3
	Other Direct				Indirect				Credit Cards
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current FICO score range:
700 and above		$7,119		$7,008		$7,945		$7,642		$927		$974
620 - 699	736		703		2,368		2,381		347		351
Below 620 2	49		60		754		713		85		85
Total		$7,904		$7,771		$11,067		$10,736		$1,359		$1,410

¹ Excludes $549 million and $537 million of guaranteed residential loans at March 31, 2017 and December 31, 2016, respectively.

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 $6.4 billion and $6.2 billion of guaranteed student loans at March 31, 2017 and December 31, 2016, respectively.

The payment status for the LHFI portfolio is presented in the following tables:

	March 31, 2017
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$68,601		$31		$11		$328		$68,971
CRE	5,057		2		2		6		5,067
Commercial construction	4,197		—		—		18		4,215
Total commercial loans	77,855		33		13		352		78,253
Residential loans:
Residential mortgages - guaranteed	171		55		323		—		549
Residential mortgages - nonguaranteed 1	25,854		67		10		179		26,110
Residential home equity products	11,201		73		—		237		11,511
Residential construction	367		1		—		12		380
Total residential loans	37,593		196		333		428		38,550
Consumer loans:
Guaranteed student	4,862		667		867		—		6,396
Other direct	7,865		31		3		5		7,904
Indirect	10,972		91		—		4		11,067
Credit cards	1,338		10		11		—		1,359
Total consumer loans	25,037		799		881		9		26,726
Total LHFI		$140,485		$1,028		$1,227		$789		$143,529

¹ Includes $221 million of loans measured at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $348 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs, performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans. 

	December 31, 2016
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$68,776		$35		$12		$390		$69,213
CRE	4,988		1		—		7		4,996
Commercial construction	3,998		—		—		17		4,015
Total commercial loans	77,762		36		12		414		78,224
Residential loans:
Residential mortgages - guaranteed	155		55		327		—		537
Residential mortgages - nonguaranteed 1	25,869		84		7		177		26,137
Residential home equity products	11,596		81		—		235		11,912
Residential construction	389		3		—		12		404
Total residential loans	38,009		223		334		424		38,990
Consumer loans:
Guaranteed student	4,637		603		927		—		6,167
Other direct	7,726		35		4		6		7,771
Indirect	10,608		126		1		1		10,736
Credit cards	1,388		12		10		—		1,410
Total consumer loans	24,359		776		942		7		26,084
Total LHFI		$140,130		$1,035		$1,288		$845		$143,298

¹ Includes $222 million of loans measured at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $360 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans.

Impaired Loans

A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the agreement. Commercial nonaccrual loans greater than $3 million and certain commercial, residential, and consumer loans whose terms have been modified in a TDR are individually evaluated for impairment. Smaller-balance homogeneous loans that are collectively evaluated for impairment and loans measured at fair value are not included in the following tables. Additionally, the following tables exclude guaranteed consumer student loans and guaranteed residential mortgages for which there was nominal risk of principal loss.

	March 31, 2017						December 31, 2016
(Dollars in millions)	Unpaid Principal Balance		Amortized  Cost 1		Related Allowance		Unpaid Principal Balance			Amortized  Cost 1			Related Allowance
Impaired loans with no related allowance recorded:
Commercial loans:
C&I		$255		$187		$—		$266			$214			$—
Total commercial loans	255		187		—		266			214			—
Residential loans:
Residential mortgages - nonguaranteed	468		362		—		466			360			—
Residential construction	16		8		—		16			8			—
Total residential loans	484		370		—		482			368			—
Impaired loans with an allowance recorded:
Commercial loans:
C&I	203		148		25		225			151			31
CRE	26		17		5		26			17			2
Total commercial loans	229		165		30		251			168			33
Residential loans:
Residential mortgages - nonguaranteed	1,239		1,211		141		1,277			1,248			150
Residential home equity products	894		829		57		863			795			54
Residential construction	105		105		10		109			107			11
Total residential loans	2,238		2,145		208		2,249			2,150			215
Consumer loans:
Other direct	59		59		1		59		2	59		2	1
Indirect	106		105		6		103			103			5
Credit cards	24		6		1		24			6			1
Total consumer loans	189		170		8		186			168			7
Total impaired loans		$3,395		$3,037		$246		$3,434			$3,068			$255

¹ Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to adjust the net book balance.

² Includes $41 million of TDRs that were modified prior to 2016 and reclassified as TDRs in the fourth quarter of 2016.

Included in the impaired loan balances above at both March 31, 2017 and December 31, 2016 were $2.5 billion of accruing TDRs at amortized cost, of which 98% and 97% were current, respectively. See Note 1, “Significant Accounting Policies,” to the Company's 2016 Annual Report on Form 10-K for further information regarding the Company’s loan impairment policy.

	Three Months Ended March 31
	2017				2016
(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		$240		$1		$364		$2
CRE	—		—		3		—
Total commercial loans	240		1		367		2
Residential loans:
Residential mortgages - nonguaranteed	360		4		387		4
Residential construction	8		—		8		—
Total residential loans	368		4		395		4
Impaired loans with an allowance recorded:
Commercial loans:
C&I	165		1		161		—
CRE	17		—		—		—
Total commercial loans	182		1		161		—
Residential loans:
Residential mortgages - nonguaranteed	1,216		15		1,339		16
Residential home equity products	833		8		705		7
Residential construction	105		1		120		2
Total residential loans	2,154		24		2,164		25
Consumer loans:
Other direct	58		1		12		—
Indirect	108		1		115		1
Credit cards	6		—		6		—
Total consumer loans	172		2		133		1
Total impaired loans		$3,116		$32		$3,220		$32

¹ Of the interest income recognized during the three months ended March 31, 2017 and 2016, cash basis interest income was less than $1 million and $2 million, respectively.

NPAs are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Nonaccrual/NPLs:
Commercial loans:
C&I		$328		$390
CRE	6		7
Commercial construction	18		17
Residential loans:
Residential mortgages - nonguaranteed	179		177
Residential home equity products	237		235
Residential construction	12		12
Consumer loans:
Other direct	5		6
Indirect	4		1
Total nonaccrual/NPLs 1	789		845
OREO 2	62		60
Other repossessed assets	7		14
Total NPAs		$858		$919

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

² Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by the VA. Proceeds due from the FHA and the VAare recorded as a receivable in other assets in the Consolidated Balance Sheets until the property is conveyed and the funds are received. The receivable related to proceeds due from theFHA or the VA totaled $50 million at both March 31, 2017 and December 31, 2016.

The Company's recorded investment of nonaccruing loans secured by residential real estate properties for which formal foreclosure proceedings are in process at March 31, 2017 and December 31, 2016 was $94 million and $85 million, respectively. The Company's recorded investment of accruing loans secured by residential real estate properties for which formal foreclosure proceedings are in process at March 31, 2017 and December 31, 2016 was $127 million and $122 million, of which $119 million and $114 million were insured by the FHA or guaranteed by the VA, respectively.

At March 31, 2017, OREO included $52 million of foreclosed residential real estate properties and $8 million of foreclosed commercial real estate properties, with the remainder related to land.

At December 31, 2016, OREO included $50 million of foreclosed residential real estate properties and $7 million of foreclosed commercial real estate properties, with the remainder related to land.

Restructured Loans

A TDR is a loan for which the Company has granted an economic concession to the borrower, in response to certain instances of financial difficulty experienced by the borrower, that the Company would not have considered otherwise. When a loan is modified under the terms of a TDR, the Company typically offers the borrower an extension of the loan maturity date and/or a reduction in the original contractual interest rate. In certain situations, the Company may offer to restructure a loan in a manner that ultimately results in the forgiveness of a contractually specified principal balance.

At March 31, 2017 and December 31, 2016, the Company had $17 million and $29 million, respectively, of commitments to lend additional funds to debtors whose terms have been modified in a TDR. The number and amortized cost of loans modified under the terms of a TDR, by type of modification, are presented in the following tables:

	Three Months Ended March 31, 2017 1
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness 2		Rate Modification		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	24		$—		$—		$41		$41
Residential loans:
Residential mortgages - nonguaranteed	34	1		4		1		6
Residential home equity products	695	—		—		67		67
Consumer loans:
Other direct	110	—		—		1		1
Indirect	581	—		—		14		14
Credit cards	189	—		1		—		1
Total TDRs	1,633		$1		$5		$124		$130

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

² Restructured loans which had forgiveness of amounts contractually due under the terms of the loan may have had other concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during the three months ended March 31, 2017 was immaterial.

	Three Months Ended March 31, 2016 1
(Dollars in millions)	Number of Loans Modified	Rate Modification		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	12		$—		$2		$2
Commercial construction	1	—		—		—
Residential loans:
Residential mortgages - nonguaranteed	120	31		3		34
Residential home equity products	732	7		52		59
Consumer loans:
Other direct	23	—		1		1
Indirect	486	—		11		11
Credit cards	169	1		—		1
Total TDRs	1,543		$39		$69		$108

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

TDRs that have defaulted during the three months ended March 31, 2017 and 2016 that were first modified within the previous 12 months were immaterial. The majority of loans that were modified and subsequently became 90 days or more delinquent have remained on nonaccrual status since the time of delinquency.

Concentrations of Credit Risk

The Company does not have a significant concentration of risk to any individual client except for the U.S. government and its agencies. However, a geographic concentration arises because the Company operates primarily within Florida, Georgia, Maryland, North Carolina, and Virginia. The Company engages in limited international banking activities. The Company’s total cross-border outstanding loans were $2.0 billion and $2.2 billion at March 31, 2017 and December 31, 2016, respectively.

With respect to collateral concentration, at March 31, 2017, the Company owned $38.6 billion in loans secured by residential real estate, representing 27% of total LHFI. Additionally, the Company had $10.4 billion in commitments to extend credit on home equity lines and $4.6 billion in residential mortgage loan commitments outstanding at March 31, 2017. At December 31, 2016, the Company owned $39.0 billion in loans secured by residential real estate, representing 27% of total LHFI, and had $10.3 billion in commitments to extend credit on home equity lines and $4.2 billion in residential mortgage loan commitments outstanding. At both March 31, 2017 and December 31, 2016, 1% of residential loans owned were guaranteed by a federal agency or a GSE, respectively.

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Allowance for Credit Losses

3 Months Ended

Mar. 31, 2017

Allowance for Credit Losses [Abstract]

Allowance for Credit Losses

NOTE 7 - ALLOWANCE FOR CREDIT LOSSES

The allowance for credit losses consists of the ALLL and the unfunded commitments reserve. Activity in the allowance for credit losses is summarized in the following table:

	Three Months Ended March 31
(Dollars in millions)	2017			2016
Balance, beginning of period		$1,776			$1,815
Provision for loan losses	117			103
Provision/(benefit) for unfunded commitments	2			(2		)
Loan charge-offs	(146		)	(112		)
Loan recoveries	34			27
Balance, end of period		$1,783			$1,831
Components:
ALLL		$1,714			$1,770
Unfunded commitments reserve 1	69			61
Allowance for credit losses		$1,783			$1,831

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

Activity in the ALLL by loan segment is presented in the following tables:

	Three Months Ended March 31, 2017
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,124			$369			$216			$1,709
Provision for loan losses	46			5			66			117
Loan charge-offs	(63		)	(29		)	(54		)	(146		)
Loan recoveries	13			9			12			34
Balance, end of period		$1,120			$354			$240			$1,714
	Three Months Ended March 31, 2016
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,047			$534			$171			$1,752
Provision/(benefit) for loan losses	98			(32		)	37			103
Loan charge-offs	(32		)	(41		)	(39		)	(112		)
Loan recoveries	10			6			11			27
Balance, end of period		$1,123			$467			$180			$1,770

As discussed in Note 1, “Significant Accounting Policies,” to the Company's 2016 Annual Report on Form 10-K, the ALLL is composed of both specific allowances for certain nonaccrual loans and TDRs and general allowances for groups of loans with similar risk characteristics. No allowance is required for loans measured at fair value. Additionally, the Company records an immaterial allowance for loan products that are guaranteed by government agencies, as there is nominal risk of principal loss.

The Company’s LHFI portfolio and related ALLL is presented in the following tables:

	March 31, 2017
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$352		$30		$2,515		$208		$170		$8		$3,037		$246
Collectively evaluated	77,901		1,090		35,814		146		26,556		232		140,271		1,468
Total evaluated	78,253		1,120		38,329		354		26,726		240		143,308		1,714
LHFI at fair value	—		—		221		—		—		—		221		—
Total LHFI		$78,253		$1,120		$38,550		$354		$26,726		$240		$143,529		$1,714

	December 31, 2016
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$382		$33		$2,518		$215		$168		$7		$3,068		$255
Collectively evaluated	77,842		1,091		36,250		154		25,916		209		140,008		1,454
Total evaluated	78,224		1,124		38,768		369		26,084		216		143,076		1,709
LHFI at fair value	—		—		222		—		—		—		222		—
Total LHFI		$78,224		$1,124		$38,990		$369		$26,084		$216		$143,298		$1,709

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The Company conducts a goodwill impairment test at the reporting unit level at least annually, or more frequently as events occur or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. See Note 1, "Significant Accounting Policies," to the Company's 2016 Annual Report on Form 10-K for additional information regarding the Company's goodwill accounting policy.

The Company performed a qualitative goodwill assessment in the first quarter of 2017, considering changes in key assumptions and monitoring other events or changes in circumstances occurring since the most recent goodwill impairment analysis performed as of October 1, 2016. The Company concluded, based on the totality of factors observed, that it is not more-likely-than-not that the fair values of its reporting units are less than their respective carrying values. Accordingly, goodwill was not quantitatively tested for impairment during the three months ended March 31, 2017.

Changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2017 are presented in the following table. There were no material changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2016.

(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Total
Balance, January 1, 2017		$4,262		$2,075		$6,337
Measurement period adjustment related to the acquisition of Pillar	—		1		1
Balance, March 31, 2017		$4,262		$2,076		$6,338

Other Intangible Assets

Changes in the carrying amounts of other intangible assets for the three months ended March 31 are presented in the following table:

(Dollars in millions)	MSRs - Fair Value			Other			Total
Balance, January 1, 2017		$1,572			$85			$1,657
Amortization 1	—			(5		)	(5		)
Servicing rights originated	96			5			101
Changes in fair value:
Due to changes in inputs and assumptions 2	27			—			27
Other changes in fair value 3	(50		)	—			(50		)
Other 4	—			(1		)	(1		)
Balance, March 31, 2017		$1,645			$84			$1,729
Balance, January 1, 2016		$1,307			$18			$1,325
Amortization 1	—			(2		)	(2		)
Servicing rights originated	46			—			46
Servicing rights purchased	77			—			77
Changes in fair value:
Due to changes in inputs and assumptions 2	(204		)	—			(204		)
Other changes in fair value 3	(43		)	—			(43		)
Servicing rights sold	(1		)	—			(1		)
Balance, March 31, 2016		$1,182			$16			$1,198

¹ Does not include expense associated with non-qualified community development investments. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.

² Primarily reflects changes in option adjusted spreads and prepayment speed assumptions, due to changes in interest rates.

³ Represents changes due to the collection of expected cash flows, net of accretion due to the passage of time.

⁴ Represents measurement period adjustment on other intangible assets previously acquired in Pillar acquisition. See Note 2, "Acquisitions/Dispositions," for additional information.

Servicing Rights

The Company acquires servicing rights and retains servicing rights for certain of its sales or securitizations of residential mortgage, consumer indirect, and commercial loans. MSRs on residential mortgage loans and servicing rights on commercial and consumer indirect loans are the only servicing assets capitalized by the Company and are classified within other intangible assets on the Company's Consolidated Balance Sheets.

Residential Mortgage Servicing Rights

Income earned by the Company on its residential MSRs is derived primarily from contractually specified mortgage servicing fees and late fees, net of curtailment costs. Such income earned for the three months ended March 31, 2017 and 2016 was $101 million and $87 million, respectively. These amounts are reported in mortgage servicing related income in the Consolidated Statements of Income.

At March 31, 2017 and December 31, 2016, the total UPB of residential mortgage loans serviced was $164.5 billion and $160.2 billion, respectively. Included in these amounts at March 31, 2017 and December 31, 2016 were $135.6 billion and $129.6 billion, respectively, of loans serviced for third parties. The Company purchased MSRs on residential loans with a UPB of $8.1 billion during the three months ended March 31, 2016. No MSRs on residential loans were purchased during the three months ended March 31, 2017. During the three months ended March 31, 2017 and 2016, the Company sold MSRs on residential loans, at a price approximating their fair value, with a UPB of $64 million and $221 million, respectively.

The Company measures the fair value of its residential MSRs using a valuation model that calculates the present value of estimated future net servicing income using prepayment projections, spreads, and other assumptions. Senior management and the STM valuation committee review all significant assumptions at least quarterly, comparing these inputs to various sources of market data. Changes to valuation model inputs are reflected in the periods' results. See Note 15, “Fair Value Election and Measurement,” for further information regarding the Company's MSR valuation methodology.

A summary of the key inputs used to estimate the fair value of the Company’s residential MSRs at March 31, 2017 and December 31, 2016, and the sensitivity of the fair values to immediate 10% and 20% adverse changes in those inputs, are presented in the following table.

(Dollars in millions)	March 31, 2017			December 31, 2016
Fair value of MSRs		$1,645			$1,572
Prepayment rate assumption (annual)	13		%	9		%
Decline in fair value from 10% adverse change		$57			$50
Decline in fair value from 20% adverse change	109			97
Option adjusted spread (annual)	8		%	8		%
Decline in fair value from 10% adverse change		$76			$63
Decline in fair value from 20% adverse change	144			122
Weighted-average life (in years)	5.3			7.0
Weighted-average coupon	4.0		%	4.0		%

These residential MSR sensitivities are hypothetical and should be used with caution. Changes in fair value based on variations in assumptions generally cannot be extrapolated because (i) the relationship of the change in an assumption to the change in fair value may not be linear and (ii) changes in one assumption may result in changes in another, which might magnify or counteract the sensitivities. The sensitivities do not reflect the effect of hedging activity undertaken by the Company to offset changes in the fair value of MSRs. See Note 14, “Derivative Financial Instruments,” for further information regarding these hedging activities.

Consumer Loan Servicing Rights

In June 2015, the Company completed the securitization of $1.0 billion of indirect auto loans, with servicing rights retained, and recognized a $13 million servicing asset at the time of sale. See Note 9, “Certain Transfers of Financial Assets and Variable Interest Entities,” for additional information on the Company's securitization transactions.

Income earned by the Company on its consumer loan servicing rights is derived primarily from contractually specified servicing fees and other ancillary fees. Such income earned for the three months ended March 31, 2017 and 2016 was $1 million and $2 million, respectively, and is reported in other noninterest income in the Consolidated Statements of Income.

At March 31, 2017 and December 31, 2016, the total UPB of consumer indirect loans serviced for third parties was $448 million and $512 million, respectively. No consumer loan servicing rights were purchased or sold during the three months ended March 31, 2017 and 2016.

Consumer loan servicing rights are accounted for at amortized cost and are monitored for impairment on an ongoing basis. The Company calculates the fair value of consumer servicing rights using a valuation model that calculates the present value of estimated future net servicing income considering prepayment projections and other assumptions. Impairment, if any, is recognized when changes in valuation model inputs reflect a fair value for the servicing asset that is below its respective carrying value. At March 31, 2017 and December 31, 2016, the amortized cost of the Company's consumer loan servicing rights was $3 million and $4 million, respectively.

Commercial Mortgage Servicing Rights

In December 2016, the Company completed the acquisition of substantially all of the assets of the operating subsidiaries of Pillar, and as a result, the Company recognized a $62 million servicing asset. See Note 2, "Acquisitions/Dispositions," for additional information on the Pillar acquisition.

Income earned by the Company on its commercial mortgage servicing rights is derived primarily from contractually specified servicing fees and other ancillary fees. Such income earned for the three months ended March 31, 2017 was $5 million and is reported in commercial real estate related income in the Consolidated Statements of Income. There was no income earned on commercial mortgage servicing rights for the three months ended March 31, 2016.

The Company also earns income from subservicing certain third party commercial mortgages for which the Company does not own servicing rights. Such income earned for the three months ended March 31, 2017 was $4 million and is reported in commercial real estate related income in the Consolidated Statements of Income. There was no income earned from such subservicing arrangements for the three months ended March 31, 2016.

At March 31, 2017 and December 31, 2016, the total UPB of commercial mortgage loans serviced for third parties was $28.7 billion and $27.7 billion, respectively. Included in these amounts at March 31, 2017 and December 31, 2016 were $5.0 billion and $4.8 billion, respectively, of loans serviced for third parties for which the Company owns servicing rights, and $23.7 billion and $22.9 billion, respectively, of loans subserviced for third parties for which the Company does not own servicing rights. No commercial mortgage servicing rights were purchased or sold during the three months ended March 31, 2017 and 2016.

Commercial mortgage servicing rights are accounted for at amortized cost and are monitored for impairment on an ongoing basis. The Company calculates the fair value of commercial servicing rights based on the present value of estimated future net servicing income, considering prepayment projections and other assumptions. Impairment, if any, is recognized when the carrying value of the servicing asset exceeds the fair value at the measurement date. The amortized cost and the fair value of the Company's commercial mortgage servicing rights were $63 million and $65 million, respectively, at March 31, 2017, and were both $62 million at December 31, 2016. The weighted average amortization period was 7.0 years at both March 31, 2017 and December 31, 2016.

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Certain Transfers of Financial Assets and Variable Interest Entities

3 Months Ended

Mar. 31, 2017

Certain Transfers of Financial Assets and Variable Interest Entities [Abstract]

Transfers and Servicing of Financial Assets [Text Block]

NOTE 9 - CERTAIN TRANSFERS OF FINANCIAL ASSETS AND VARIABLE INTEREST ENTITIES

The Company has transferred loans and securities in sale or securitization transactions for which the Company retains certain beneficial interests, servicing rights, and/or recourse. These transfers of financial assets include certain residential mortgage loans, commercial and corporate loans, and consumer loans, as discussed in the following section, "Transfers of Financial Assets." Cash receipts on beneficial interests held related to these transfers were $2 million and $3 million for the three months ended March 31, 2017 and 2016, respectively. The servicing fees related to these asset transfers (excluding servicing fees for residential and commercial mortgage loan transfers to GSEs, which are discussed in Note 8, “Goodwill and Other Intangible Assets”) were immaterial for both the three months ended March 31, 2017 and 2016.

When a transfer or other transaction occurs with a VIE, the Company first determines whether it has a VI in the VIE. A VI is typically in the form of securities representing retained interests in transferred assets and, at times, servicing rights, and for commercial mortgage loans sold to Fannie Mae, the loss share guarantee. When determining whether to consolidate the VIE, the Company evaluates whether it is a primary beneficiary which has both (i) the power to direct the activities that most significantly impact the economic performance of the VIE, and (ii) the obligation to absorb losses,or the right to receive benefits, that could potentially be significant to the VIE.

To determine whether a transfer should be accounted for as a sale or a secured borrowing, the Company evaluates whether: (i) the transferred assets are legally isolated, (ii) the transferee has the right to pledge or exchange the transferred assets, and (iii) the Company has relinquished effective control of the transferred assets. If all three conditions are met, then the transfer is accounted for as a sale.

Except as specifically noted herein, the Company is not required to provide additional financial support to any of the entities to which the Company has transferred financial assets, nor has the Company provided any support it was not otherwise obligated to provide. No events occurred during the three months ended March 31, 2017 that changed the Company’s previous conclusions regarding whether it is the primary beneficiary of the VIEs described herein. Furthermore, no events occurred during the three months ended March 31, 2017 that changed the Company’s sale conclusion with regards to previously transferred residential mortgage loans, indirect auto loans, student loans, or commercial and corporate loans.

Transfers of Financial Assets

The following discussion summarizes transfers of financial assets to entities for which the Company has retained some level of continuing involvement.

Residential Mortgage Loans

The Company typically transfers first lien residential mortgage loans in conjunction with Ginnie Mae, Fannie Mae, and Freddie Mac securitization transactions, whereby the loans are exchanged for cash or securities that are readily redeemable for cash, and servicing rights are retained.

The Company sold residential mortgage loans to Ginnie Mae, Fannie Mae, and Freddie Mac (collectively, "the Agencies"), which resulted in pre-tax net losses of $4 million and pre-tax net gains of $69 million for the three months ended March 31, 2017 and 2016, respectively. Net gains/losses on the sale of residential mortgage loans are recorded at inception of the associated IRLCs and reflect the change in value of the loans resulting from changes in interest rates from the time the Company enters into the related IRLCs with borrowers, but do not include the results of hedging activities initiated by the Company to mitigate this market risk. See Note 14, "Derivative Financial Instruments," for further discussion of the Company's hedging activities. The Company has made certain representations and warranties with respect to the transfer of these loans. See Note 13, “Guarantees,” for additional information regarding representations and warranties.

In a limited number of securitizations, the Company has received securities in addition to cash in exchange for the transferred loans, while also retaining servicing rights. The securities received are measured at fair value and classified as securities AFS. At March 31, 2017 and December 31, 2016, the fair value of securities received totaled $29 million and $30 million, respectively.

The Company evaluates securitization entities in which it has a VI for potential consolidation under the VIE consolidation model. Notwithstanding the Company's role as servicer, the Company typically does not have power over the securitization entities as a result of rights held by the master servicer. In certain transactions, the Company does have power as the servicer, but does not have an obligation to absorb losses, or the right to receive benefits, that could potentially be significant. In all such cases, the Company does not consolidate the securitization entity. Total assets of the unconsolidated entities in which the Company has a VI were $196 million and $203 million at March 31, 2017 and December 31, 2016, respectively.

The Company’s maximum exposure to loss related to these unconsolidated residential mortgage loan securitizations is comprised of the loss of value of any interests it retains, which was $29 million and $30 million at March 31, 2017 and December 31, 2016, respectively, and any repurchase obligations or other losses it incurs as a result of any guarantees related to these securitizations, which is discussed further in Note 13, “Guarantees.”

Commercial and Corporate Loans

In connection with the Pillar acquisition completed in December 2016, the Company acquired licenses and approvals to originate and sell certain commercial mortgage loans to Fannie Mae and Freddie Mac, to originate FHA insured loans, and to issue and sell Ginnie Mae commercial MBS backed by FHA insured loans. The Company transferred commercial loans to these Agencies, which resulted in pre-tax net gains of $9 million for the three months ended March 31, 2017. The loans are exchanged for cash or securities that are readily redeemable for cash, with servicing rights retained. The Company has made certain representations and warranties with respect to the transfer of these loans and has entered into a loss share guarantee related to certain loans transferred to Fannie Mae. See Note 13, “Guarantees,” for additional information regarding the commercial mortgage loan loss share guarantee.

In March 2017, the Company sold its immaterial preference share exposure in a CLO entity that owned commercial leveraged loans and bonds, certain of which were transferred to the entity by the Company. The CLO entity was a VIE and the Company was not the primary beneficiary because it did not possess the power to direct the activities that most significantly impact the economic performance of the entity. At December 31, 2016, total assets and total liabilities of the unconsolidated entity in which the Company had a VI were $185 million and $159 million, respectively. The Company's immaterial amount of preference share exposure at December 31, 2016, represented its maximum exposure to loss at December 31, 2016.

Consumer Loans

Guaranteed Student Loans

The Company has securitized government-guaranteed student loans through a transfer of loans to a securitization entity and retained the residual interest in the entity. The Company concluded that this entity should be consolidated because the Company has (i) the power to direct the activities that most significantly impact the economic performance of the VIE and (ii) the obligation to absorb losses, and the right to receive benefits, that could potentially be significant. At March 31, 2017 and December 31, 2016, the Company’s Consolidated Balance Sheets reflected $216 million and $225 million of assets held by the securitization entity and $214 million and $222 million of debt issued by the entity, respectively, inclusive of related accrued interest.

To the extent that the securitization entity incurs losses on its assets, the securitization entity has recourse to the guarantor of the underlying loan, which is backed by the Department of Education up to a maximum guarantee of 100%. When not fully guaranteed, losses reduce the amount of available cash payable to the Company as the owner of the residual interest. To the extent that losses result from a breach of servicing responsibilities, the Company, which functions as the master servicer, may be required to repurchase the defaulting loan(s) at par value. If the breach was caused by the subservicer, the Company would seek reimbursement from the subservicer up to the guaranteed amount. The Company’s maximum exposure to loss related to the securitization entity would arise from a breach of its servicing responsibilities. To date, loss claims filed with the guarantor that have been denied due to servicing errors have either been, or are in the process of, being cured, or reimbursement has been provided to the Company by the subservicer, or in limited cases, absorbed by the Company.

Indirect Auto Loans

In June 2015, the Company transferred indirect auto loans to a securitization entity, which was determined to be a VIE, and accounted for the transfer as a sale. The Company retained servicing rights for the transferred loans, but did not retain any debt or equity interest in the securitization entity. The fees received for servicing do not represent a VI and, therefore, the Company does not consolidate the securitization entity. See Note 8, "Goodwill and Other Intangible Assets," for additional information regarding the servicing asset recognized in this transaction.

To the extent that losses on the transferred loans are the result of a breach of representations and warranties related to either the initial transfer or the Company's ongoing servicing responsibilities, the Company may be obligated to either cure the breach or repurchase the affected loans. The Company’s maximum exposure to loss related to the loans transferred to the securitization entity would arise from a breach of representations and warranties and/or a breach of the Company's servicing obligations. Potential losses suffered by the securitization entity that the Company may be liable for are limited to approximately $448 million, which reflects the total remaining UPB of transferred loans and the carrying value of the servicing asset.

The Company's total managed loans, including the LHFI portfolio and other transferred loans (securitized and unsecuritized), are presented in the following table by portfolio balance and delinquency status (accruing loans 90 days or more past due and all nonaccrual loans) at March 31, 2017 and December 31, 2016, as well as the related net charge-offs for the three months ended March 31, 2017 and 2016.

	Portfolio Balance				Past Due and Nonaccrual				Net Charge-offs
	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		Three Months Ended March 31
(Dollars in millions)									2017			2016
LHFI portfolio:
Commercial		$78,253		$78,224		$365		$426		$50			$22
Residential	38,550		38,990		761		758		20			35
Consumer	26,726		26,084		890		949		42			28
Total LHFI portfolio	143,529		143,298		2,016		2,133		112			85
Managed securitized loans 1:
Commercial 2	5,060		4,761		—		—		—			—
Residential	132,805		126,641		131		114		2		3	2		3
Consumer	448		512		1		1		1			1
Total managed securitized loans	138,313		131,914		132		115		3			3
Managed unsecuritized loans 4	2,828		2,985		415		438		—			—
Total managed loans		$284,670		$278,197		$2,563		$2,686		$115			$88

¹ Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

² Comprised of commercial mortgages sold through Fannie Mae, Freddie Mac, and Ginnie Mae securitizations, whereby servicing has been retained by the Company.

³ Net charge-offs are associated with $392 million and $410 million of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively. Net charge-off data is not reported to the Company for the remaining balance of $132.4 billion and $126.2 billion of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively.

⁴ Comprised of unsecuritized residential loans the Company originated and sold to private investors with servicing rights retained. Net charge-offs on these loans are not presented in the table as the data is not reported to the Company by the private investors that own these related loans.

Other Variable Interest Entities

In addition to exposure to VIEs arising from transfers of financial assets, the Company also has involvement with VIEs from other business activities.

Total Return Swaps

The outstanding notional amounts of the Company's VIE-facing TRS contracts and related senior financing outstanding to VIEs were $2.1 billion at both March 31, 2017 and December 31, 2016. These financings were measured at fair value and classified within trading assets and derivative instruments on the Consolidated Balance Sheets. The Company entered into client-facing TRS contracts of the same outstanding notional amounts. The notional amounts of the TRS contracts with VIEs represent the Company’s maximum exposure to loss, although this exposure has been mitigated via the TRS contracts with third party clients. For additional information on the Company’s TRS contracts and its involvement with these VIEs, see Note 14, “Derivative Financial Instruments,” in this Form 10-Q, as well as Note 10, "Certain Transfers of Financial Assets and Variable Interest Entities," to the Company's 2016 Annual Report on Form 10-K.

Community Development Investments

As part of its community reinvestment initiatives, the Company invests in multi-family affordable housing developments and other community development entities as a limited and/or general partner and/or a debt provider. The Company receives tax credits for its limited partner investments. The Company has determined that the majority of the related partnerships are VIEs.

In limited circumstances, the Company owns both the limited partner and general partner interests, in which case the related partnerships are not considered VIEs and are consolidated by the Company. During the three months ended March 31, 2017, two community development properties with a carrying value of $1 million were sold for gains of $4 million, and the Company no longer owns consolidated community development properties at March 31, 2017. There were no properties sold during the three months ended March 31, 2016.

The Company has concluded that it is not the primary beneficiary of affordable housing partnerships when it invests as a limited partner and there is a third party general partner. The investments are accounted for in accordance with the accounting guidance for investments in affordable housing projects. The general partner, or an affiliate of the general partner, often provides guarantees to the limited partner, which protects the Company from construction and operating losses and tax credit allocation deficits. Assets of $1.9 billion and $1.7 billion in these and other community development partnerships were not included in the Consolidated Balance Sheets at March 31, 2017 and December 31, 2016, respectively. The Company's limited partner interests had carrying values of $834 million and $780 million at March 31, 2017 and December 31, 2016, respectively, and are recorded in other assets on the Company’s Consolidated Balance Sheets. The Company’s maximum exposure to loss for these investments totaled $1.2 billion and $1.1 billion at March 31, 2017 and December 31, 2016, respectively. The Company’s maximum exposure to loss would result from the loss of its limited partner investments, net of liabilities, along with $338 million and $306 million of loans, interest-rate swap fair value exposures, or letters of credit issued by the Company to the entities at March 31, 2017 and December 31, 2016, respectively. The remaining exposure to loss is primarily attributable to unfunded equity commitments that the Company is required to fund if certain conditions are met.

The Company also owns noncontrolling interests in funds whose purpose is to invest in community developments. At March 31, 2017 and December 31, 2016, the Company's investment in these funds totaled $217 million and $200 million, respectively. The Company's maximum exposure to loss on its investment in these funds is comprised of its equity investments in the funds, loans issued, and any additional unfunded equity commitments, which totaled $612 million and $562 million at March 31, 2017 and December 31, 2016, respectively.

During the three months ended March 31, 2017 and 2016, the Company recognized $25 million and $19 million of tax credits for qualified affordable housing projects, and $24 million and $19 million of amortization on these qualified affordable housing projects, respectively. These tax credits and amortization, net of the related tax benefits, are recorded in the provision for income taxes.

Certain of the Company's community development investments do not qualify as affordable housing projects for accounting purposes. The Company recognized tax credits for these investments of $17 million and $13 million during the three months ended March 31, 2017 and 2016, respectively, in the provision for income taxes. Amortization on these investments totaled $12 million and $9 million during the three months ended March 31, 2017 and 2016, respectively, recognized in amortization in the Company's Consolidated Statements of Income.

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Net Income Per Common Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Net Income/(Loss) Per Share

NOTE 10 – NET INCOME PER COMMON SHARE

Equivalent shares of less than 1 million and 8 million related to common stock options and common stock warrants outstanding at March 31, 2017 and 2016, respectively, were excluded from the computations of diluted net income per average common share because they would have been anti-dilutive.

Reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding are presented in the following table.

	Three Months Ended March 31
(Dollars and shares in millions, except per share data)	2017			2016
Net income		$468			$447
Preferred dividends	(17		)	(17		)
Dividends and undistributed earnings allocated to unvested shares	—			—
Net income available to common shareholders		$451			$430
Average basic common shares	490			505
Effect of dilutive securities:
Stock options	1			2
Restricted stock, RSUs, and warrants	5			3
Average diluted common shares	496			510
Net income per average common share - diluted		$0.91			$0.84
Net income per average common share - basic	0.92			0.85

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Income Taxes

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 11 - INCOME TAXES

For the three months ended March 31, 2017 and 2016, the provision for income taxes was $159 million and $195 million, representing effective tax rates of 25% and 30%, respectively. The effective tax rate for the three months ended March 31, 2017 was favorably impacted by a $22 million discrete income tax benefit related to share-based compensation.

The provision for income taxes includes both federal and state income taxes and differs from the provision using statutory rates due primarily to favorable permanent tax items such as interest income from lending to tax-exempt entities, tax credits from community reinvestment activities, and amortization expense related to qualified affordable housing investment costs. The Company calculated the provision for income taxes for the three months ended March 31, 2017 and 2016 by applying the estimated annual effective tax rate to year-to-date pre-tax income and adjusting for discrete items that occurred during the period.

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Employee Benefit Plans

3 Months Ended

Mar. 31, 2017

Defined Contribution Plan Disclosure [Line Items]

Employee Benefit Plans

NOTE 12 - EMPLOYEE BENEFIT PLANS

The Company sponsors various compensation and benefit programs to attract and retain talent. Aligned with a pay for performance culture, the Company's plans and programs include short-term incentives, AIP, and various LTI plans. See Note 15, “Employee Benefit Plans,” to the Company's 2016 Annual Report on Form 10-K for additional information regarding the Company's employee benefit plans.

Stock-based compensation expense recognized in noninterest expense consisted of the following:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
RSUs		$34		$18
Phantom stock units 1	24		7
Restricted stock	—		2
Total stock-based compensation		$58		$27
Stock-based compensation tax benefit		$22		$10

¹ Phantom stock units are settled in cash.

Components of net periodic benefit related to the Company's pension and other postretirement benefits plans are presented in the following table:

	Three Months Ended March 31
	Pension Benefits 1						Other Postretirement Benefits
(Dollars in millions)	2017			2016			2017			2016
Service cost		$1			$1			$—			$—
Interest cost	24			24			—			—
Expected return on plan assets	(48		)	(46		)	(1		)	(1		)
Amortization of prior service credit	—			—			(1		)	(1		)
Amortization of actuarial loss	6			6			—			—
Net periodic benefit		($17	)		($15	)		($2	)		($2	)

¹ Administrative fees are recognized in service cost for each of the periods presented.

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Guarantees

3 Months Ended

Mar. 31, 2017

Guarantees [Abstract]

Guarantees

NOTE 13 – GUARANTEES

The Company has undertaken certain guarantee obligations in the ordinary course of business. The issuance of a guarantee imposes an obligation for the Company to stand ready to perform and make future payments should certain triggering events occur. Payments may be in the form of cash, financial instruments, other assets, shares of stock, or through provision of the Company’s services. The following is a discussion of the guarantees that the Company has issued at March 31, 2017. The Company has also entered into certain contracts that are similar to guarantees, but that are accounted for as derivative instruments as discussed in Note 14, “Derivative Financial Instruments.”

Letters of Credit

Letters of credit are conditional commitments issued by the Company, generally to guarantee the performance of a client to a third party in borrowing arrangements, such as CP, bond financing, or similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients but may be reduced by selling participations to third parties. The Company issues letters of credit that are classified as financial standby, performance standby, or commercial letters of credit.

At March 31, 2017 and December 31, 2016, the Company's maximum potential exposure for issued financial and performance standby letters of credit was $2.8 billion and $2.9 billion , respectively. The Company’s outstanding letters of credit generally have a term of more than one year. Some standby letters of credit are designed to be drawn upon in the normal course of business and others are drawn upon only in circumstances of dispute or default in the underlying transaction to which the Company is not a party. In all cases, the Company is entitled to reimbursement from the client. If a letter of credit is drawn upon and reimbursement is not provided by the client, the Company may take possession of the collateral securing the letter of credit, where applicable.

The Company monitors its credit exposure under standby letters of credit in the same manner as it monitors other extensions of credit in accordance with its credit policies. Consistent with the methodologies used for all commercial borrowers, an internal assessment of the PD and loss severity in the event of default is performed. The management of credit risk for letters of credit leverages the risk rating process to focus greater visibility on higher risk and/or higher dollar letters of credit. The allowance for credit losses associated with letters of credit is a component of the unfunded commitments reserve recorded in other liabilities on the Consolidated Balance Sheets and is included in the allowance for credit losses as disclosed in Note 7, “Allowance for Credit Losses.” Additionally, unearned fees relating to letters of credit are recorded in other liabilities on the Consolidated Balance Sheets. The net carrying amount of unearned fees was immaterial at both March 31, 2017 and December 31, 2016.

Loan Sales and Servicing

STM, a consolidated subsidiary of the Company, originates and purchases residential mortgage loans, a portion of which are sold to outside investors in the normal course of business through a combination of whole loan sales to GSEs, Ginnie Mae, and non-agency investors. In connection with the December 2016 acquisition of Pillar, the Company also originates and sells certain commercial mortgage loans to Fannie Mae and Freddie Mac, originates FHA insured loans, and issues and sells Ginnie Mae commercial MBS backed by FHA insured loans.

When residential loans are sold, representations and warranties regarding certain attributes of the loans are made to third party purchasers. Subsequent to the sale, if a material underwriting deficiency or documentation defect is discovered, the Company may be obligated to repurchase the loan or to reimburse an investor for losses incurred (make whole requests), if such deficiency or defect cannot be cured by the Company within the specified period following discovery. Additionally, servicing representations and warranties can result in loan repurchases, as well as adversely affect the valuation of servicing rights, servicing advances, or other loan-related exposures, such as OREO. These representations and warranties may extend through the life of the loan. The Company’s risk of loss under its representations and warranties is partially driven by borrower payment performance since investors will perform extensive reviews of delinquent loans as a means of mitigating losses.

Loans sold to Ginnie Mae are insured by the FHA or are guaranteed by the VA. As servicer, the Company may elect to repurchase delinquent loans in accordance with Ginnie Mae guidelines; however, the loans continue to be insured. The Company may also indemnify the FHA and VA for losses related to loans not originated in accordance with their guidelines.

The Company previously reached agreements with Freddie Mac and Fannie Mae that relieve the Company of certain existing and future repurchase obligations related to loans sold from 2000-2008 to Freddie Mac and loans sold from 2000-2012 to Fannie Mae. The Company experienced significantly fewer repurchase claims and losses related to loans sold since 2009, relative to pre-2009 vintages, as a result of stronger credit performance, more stringent credit guidelines, and underwriting process improvements.

Repurchase requests from GSEs, Ginnie Mae, and non-agency investors, for all vintages, are presented in the following table that summarizes demand activity.

	Three Months Ended March 31
(Dollars in millions)	2017			2016
Pending repurchase requests, beginning of period		$14			$17
Repurchase requests received	10			11
Repurchase requests resolved:
Repurchased	(4		)	(5		)
Cured	(14		)	(9		)
Total resolved	(18		)	(14		)
Pending repurchase requests, end of period 1		$6			$14
Percent from non-agency investors:
Pending repurchase requests, end of period	11.5		%	32.6		%
Repurchase requests received	6.8		%	—		%

¹ Comprised of $5 million and $9 million from the GSEs, and $1 million and $5 million from non-agency investors at March 31, 2017 and 2016, respectively.

The repurchase and make whole requests received have been due primarily to alleged material breaches of representations related to compliance with the applicable underwriting standards, including borrower misrepresentation and appraisal issues. The Company performs a loan-by-loan review of all requests and contests demands to the extent they are not considered valid.

The following table summarizes the changes in the Company’s reserve for residential mortgage loan repurchases:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
Balance, beginning of period		$40		$57
Repurchase provision/(benefit)	—		(2		)
Balance, end of period		$40		$55

A significant degree of judgment is used to estimate the mortgage repurchase liability as the estimation process is inherently uncertain and subject to imprecision. The Company believes that its reserve appropriately estimates incurred losses based on its current analysis and assumptions, inclusive of the Freddie Mac and Fannie Mae settlement agreements, GSE owned loans serviced by third party servicers, loans sold to private investors, and other indemnifications.

Notwithstanding the aforementioned agreements with Freddie Mac and Fannie Mae settling certain aspects of the Company's repurchase obligations, those institutions preserve their right to require repurchases arising from certain types of events, and that preservation of rights can impact future losses of the Company. While the mortgage repurchase reserve includes the estimated cost of settling claims related to required repurchases, the Company's estimate of losses depends on its assumptions regarding GSE and other counterparty behavior, loan performance, home prices, and other factors. The liability is recorded in other liabilities on the Consolidated Balance Sheets, and the related repurchase provision/(benefit) is recognized in mortgage production related income in the Consolidated Statements of Income. See Note 16, "Contingencies," for additional information on current legal matters related to loan sales.

The following table summarizes the carrying value of the Company's outstanding repurchased mortgage loans:

(Dollars in millions)	March 31, 2017		December 31, 2016
Outstanding repurchased mortgage loans:
Performing LHFI		$222		$230
Nonperforming LHFI	13		12
Total carrying value of outstanding repurchased mortgage loans		$235		$242

In addition to representations and warranties related to loan sales, the Company makes representations and warranties that it will service the loans in accordance with investor servicing guidelines and standards, which may include (i) collection and remittance of principal and interest, (ii) administration of escrow for taxes and insurance, (iii) advancing principal, interest, taxes, insurance, and collection expenses on delinquent accounts, (iv) loss mitigation strategies including loan modifications, and (v) foreclosures.

The Company normally retains servicing rights when loans are transferred; however, servicing rights are occasionally sold to third parties. When servicing rights are sold, the Company makes representations and warranties related to servicing standards and obligations, and records a liability for contingent losses in other liabilities on the Consolidated Balance Sheets. This liability, which is separate from the mortgage repurchase reserve and separate from the commercial mortgage loan loss share guarantee described below, totaled $6 million and $7 million at March 31, 2017 and December 31, 2016, respectively.

Commercial Mortgage Loan Loss Share Guarantee

In connection with the December 2016 acquisition of Pillar, the Company assumed a loss share obligation associated with the terms of a master loss sharing agreement with Fannie Mae for multi-family commercial mortgage loans that were sold by Pillar to Fannie Mae under Fannie Mae’s delegated underwriting and servicing program. Upon the acquisition of Pillar, the Company entered into a lender contract amendment with Fannie Mae for multi-family commercial mortgage loans that Pillar sold to Fannie Mae prior to acquisition and that the Company sold to Fannie Mae subsequent to acquisition, whereby the Company bears a risk of loss of up to one-third of the incurred losses resulting from borrower defaults. The breach of any representation or warranty related to a loan sold to Fannie Mae could increase the Company's level of risk-sharing associated with the loan. The outstanding UPB of loans sold subject to the loss share guarantee was $3.1 billion and $2.9 billion at March 31, 2017 and December 31, 2016, respectively. The potential maximum exposure to loss was $869 million and $787 million at March 31, 2017 and December 31, 2016, respectively. Using probability of default and severity of loss estimates, the Company's loss share liability was $6 million at both March 31, 2017 and December 31, 2016 and is recorded in other liabilities.

Visa

The Company executes credit and debit transactions through Visa and MasterCard. The Company is a defendant, along with Visa and MasterCard (the “Card Associations”), as well as several other banks, in one of several antitrust lawsuits challenging the practices of the Card Associations (the “Litigation”). The Company entered into judgment and loss sharing agreements with Visa and certain other banks in order to apportion financial responsibilities arising from any potential adverse judgment or negotiated settlements related to the Litigation. Additionally, in connection with Visa's restructuring in 2007, shares of Visa common stock were issued to its financial institution members and the Company received its proportionate number of shares of Visa Inc. common stock, which were subsequently converted to Class B shares of Visa Inc. upon completion of Visa’s IPO in 2008. A provision of the original Visa By-Laws, which was restated in Visa's certificate of incorporation, contains a general indemnification provision between a Visa member and Visa that explicitly provides that each member's indemnification obligation is limited to losses arising from its own conduct and the specifically defined Litigation. While the district court approved a class action settlement of the Litigation in 2012, the U.S. Court of Appeals for the Second Circuit reversed the district court's approval of the settlement on June 30, 2016. The U.S. Supreme Court denied plaintiffs' petition for certiorari on March 27, 2017. As such, the case will return to the district court for further action.

Agreements associated with Visa's IPO have provisions that Visa will fund a litigation escrow account, established for the purpose of funding judgments in, or settlements of, the Litigation. If the escrow account is insufficient to cover the Litigation losses, then Visa will issue additional Class A shares (“loss shares”). The proceeds from the sale of the loss shares would then be deposited in the escrow account. The issuance of the loss shares will cause a dilution of Visa's Class B shares as a result of an adjustment to lower the conversion factor of the Class B shares to Class A shares. Visa U.S.A.'s members are responsible for any portion of the settlement or loss on the Litigation after the escrow account is depleted and the value of the Class B shares is fully diluted.

In May 2009, the Company sold its 3.2 millionClass B shares to the Visa Counterparty and entered into a derivative with the Visa Counterparty. Under the derivative, the Visa Counterparty is compensated by the Company for any decline in the conversion factor as a result of the outcome of the Litigation. Conversely, the Company is compensated by the Visa Counterparty for any increase in the conversion factor. The amount of payments made or received under the derivative is a function of the 3.2 million shares sold to the Visa Counterparty, the change in conversion rate, and Visa’s share price. The Visa Counterparty, as a result of its ownership of the Class B shares, is impacted by dilutive adjustments to the conversion factor of the Class B shares caused by the Litigation losses. Additionally, the Company will make periodic payments based on the notional of the derivative and a fixed rate until the date on which the Litigation is settled. The fair value of the derivative is estimated based on unobservable inputs consisting of management's estimate of the probability of certain litigation scenarios and the timing of the resolution of the Litigation due in large part to the aforementioned decision by the U.S. Court of Appeals for the Second Circuit. The fair value of the derivative liability was $15 million at both March 31, 2017 and December 31, 2016. The fair value of the derivative is estimated based on the Company's expectations regarding the ultimate resolution of the Litigation. The ultimate impact to the Company could be significantly different based on the Litigation outcome.

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Derivative Financial Instruments

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

NOTE 14 - DERIVATIVE FINANCIAL INSTRUMENTS

The Company enters into various derivative financial instruments, both in a dealer capacity to facilitate client transactions and as an end user as a risk management tool. The ALCO monitors all risk management derivative activities. When derivatives have been entered into with clients, the Company generally manages the risk associated with these derivatives within the framework of its VAR methodology that monitors total daily exposure and seeks to manage the exposure on an overall basis. Derivatives are also used as a risk management tool to hedge the Company’s balance sheet exposure to changes in identified cash flow and fair value risks, either economically or in accordance with hedge accounting provisions. The Company’s Corporate Treasury function is responsible for employing the various hedge strategies to manage these objectives. The Company enters into IRLCs on residential and commercial mortgage loans that are accounted for as freestanding derivatives. Additionally, certain contracts containing embedded derivatives are measured, in their entirety, at fair value. All freestanding derivatives and any embedded derivatives that the Company bifurcates from the host contracts are measured at fair value in the Consolidated Balance Sheets in trading assets and derivative instruments and trading liabilities and derivative instruments. The associated gains and losses are either recognized in AOCI, net of tax, or within the Consolidated Statements of Income, depending upon the use and designation of the derivatives.

Credit and Market Risk Associated with Derivative Instruments

Derivatives expose the Company to risk that the counterparty to the derivative contract does not perform as expected. The Company manages its exposure to counterparty credit risk associated with derivatives by entering into transactions with counterparties with defined exposure limits based on their credit quality and in accordance with established policies and procedures. All counterparties are reviewed regularly as part of the Company’s credit risk management practices and appropriate action is taken to adjust the exposure limits to certain counterparties as necessary. The Company’s derivative transactions may also be governed by ISDA agreements or other legally enforceable industry standard master netting agreements. In certain cases and depending on the nature of the underlying derivative transactions, bilateral collateral agreements are also utilized. Furthermore, the Company and its subsidiaries are subject to OTC derivative clearing requirements, which require certain derivatives to be cleared through central clearinghouses, such as LCH.Clearnet Limited ("LCH") and the CME. These clearinghouses require the Company to post initial and variation margin to mitigate the risk of non-payment, the latter of which is received or paid daily based on the net asset or liability position of the contracts. Effective January 3, 2017, the CME amended its rulebook to legally characterize variation margin cash payments for cleared OTC derivatives as settlement rather than as collateral. As a result, in the first quarter of 2017, the Company began reducing the corresponding derivative asset and liability balances for CME-cleared OTC derivatives to reflect the settlement of those positions via the exchange of variation margin. Variation margin payments for LCH-cleared OTC derivatives continue to be subject to collateral accounting and characterized by the Company as collateral.

When the Company has more than one outstanding derivative transaction with a single counterparty, and there exists a legal right of offset with that counterparty, the Company considers its exposure to the counterparty to be the net fair value of its derivative positions with that counterparty. If the net fair value is positive, then the corresponding asset value also reflects cash collateral held. At March 31, 2017, these net asset positions were $626 million, reflecting $950 million of net derivative gains, adjusted for cash and other collateral of $324 million that the Company held in relation to these positions. At December 31, 2016, reported net derivative assets were $774 million, reflecting $1.1 billion of net derivative gains, adjusted for cash and other collateral held of $339 million.

Derivatives also expose the Company to market risk arising from the adverse effects that changes in market factors, such as interest rates, currency rates, equity prices, commodity prices, or implied volatility, may have on the value of a derivative. The Company manages this risk by establishing and monitoring limits on the types and degree of risk that may be undertaken. The Company measures its market risk exposure using a VAR methodology for derivatives designated as trading instruments. Other tools and risk measures are also used to actively manage risk associated with derivatives including scenario analysis and stress testing.

Derivative instruments are priced using observable market inputs at a mid-market valuation point and take into consideration appropriate valuation adjustments for collateral, market liquidity, and counterparty credit risk. For purposes of determining fair value adjustments to its OTC derivative positions, the Company takes into consideration the credit profile and likelihood of default by counterparties and itself, as well as its net exposure, which considers legally enforceable master netting agreements and collateral along with remaining maturities. The expected loss of each counterparty is estimated using market-based views of counterparty default probabilities observed in the single-name CDS market, when available and of sufficient liquidity. When single-name CDS market data is not available or not of sufficient liquidity, the probability of default is estimated using a combination of the Company's internal risk rating system and sector/rating based CDS data.

For purposes of estimating the Company’s own credit risk on derivative liability positions, the DVA, the Company uses probabilities of default from observable, sector/rating based CDS data. The Company adjusted the net fair value of its derivative contracts for estimates of counterparty credit risk by approximately $7 million and $6 million at March 31, 2017 and December 31, 2016, respectively. For additional information on the Company's fair value measurements, see Note 15, "Fair Value Election and Measurement."

Currently, the majority of the Company’s derivatives contain contingencies that relate to the creditworthiness of the Bank. These contingencies, which are contained in industry standard master netting agreements, may be considered events of default. Should the Bank be in default under any of these provisions, the Bank’s counterparties would be permitted to close out transactions with the Bank on a net basis, at amounts that would approximate the fair values of the derivatives, resulting in a single sum due by one party to the other. The counterparties would have the right to apply any collateral posted by the Bank against any net amount owed by the Bank. Additionally, certain of the Company’s derivative liability positions, totaling $1.2 billion and $1.1 billion in fair value at March 31, 2017 and December 31, 2016, respectively, contain provisions conditioned on downgrades of the Bank’s credit rating. These provisions, if triggered, would either give rise to an ATE that permits the counterparties to close-out net and apply collateral or, where a CSA is present, require the Bank to post additional collateral. At March 31, 2017, the Bank held senior long-term debt credit ratings of Baal/A-/A- from Moody’s, S&P, and Fitch, respectively. At March 31, 2017, ATEs have been triggered for less than $1 million in fair value liabilities. The maximum additional liability that could be triggered from ATEs was approximately $14 million at March 31, 2017. At March 31, 2017, $1.2 billion in fair value of derivative liabilities were subject to CSAs, against which the Bank has posted $1.1 billion in collateral, primarily in the form of cash. If requested by the counterparty pursuant to the terms of the CSA, the Bank would be required to post additional collateral of approximately $2 million against these contracts if the Bank were downgraded to Baa3/BBB-. Further downgrades to Ba1/BB+ or below would require the Bank to post an additional $7 million of collateral.

Notional and Fair Value of Derivative Positions

The following tables present the Company’s derivative positions at March 31, 2017 and December 31, 2016. The notional amounts in the tables are presented on a gross basis and have been classified within derivative assets or derivative liabilities based on the estimated fair value of the individual contract at March 31, 2017 and December 31, 2016. Gross positive and gross negative fair value amounts associated with respective notional amounts are presented without consideration of any netting agreements, including collateral arrangements. Net fair value derivative amounts are adjusted on an aggregate basis, where applicable, to take into consideration the effects of legally enforceable master netting agreements, including any cash collateral received or paid, and are recognized in trading assets and derivative instruments or trading liabilities and derivative instruments on the Consolidated Balance Sheets. For contracts constituting a combination of options that contain a written option and a purchased option (such as a collar), the notional amount of each option is presented separately, with the purchased notional amount generally being presented as a derivative asset and the written notional amount being presented as a derivative liability. For contracts that contain a combination of options, the fair value is generally presented as a single value with the purchased notional amount if the combined fair value is positive, and with the written notional amount if the combined fair value is negative.

	March 31, 2017
	Asset Derivatives					Liability Derivatives
(Dollars in millions)	Notional Amounts		Fair Value			Notional Amounts		Fair Value
Derivative instruments designated in cash flow hedging relationships 1
Interest rate contracts hedging floating rate loans		$4,850		$4			$10,600		$248
Derivative instruments designated in fair value hedging relationships 2
Interest rate contracts hedging fixed rate debt	1,250		6			3,660		42
Interest rate contracts hedging brokered CDs	30		—			60		—
Total	1,280		6			3,720		42
Derivative instruments not designated as hedging instruments 3
Interest rate contracts hedging:
MSRs 4	9,608		84			20,242		115
LHFS, IRLCs 5	3,718		16			6,649		25
LHFI	110		2			51		1
Trading activity 6	67,926		1,253			68,532		1,165
Foreign exchange rate contracts hedging trading activity	3,598		119			3,632		112
Credit contracts hedging:
Loans	15		—			495		6
Trading activity 7	2,107		28			2,125		24
Equity contracts hedging trading activity 6	22,852		2,290			36,432		2,684
Other contracts:
IRLCs and other 8	2,618		32			239		15
Commodity derivatives	831		53			828		50
Total	113,383		3,877			139,225		4,197
Total derivative instruments		$119,513		$3,887			$153,545		$4,487
Total gross derivative instruments, before netting				$3,887					$4,487
Less: Legally enforceable master netting agreements			(2,747		)			(2,747		)
Less: Cash collateral received/paid			(277		)			(1,379		)
Total derivative instruments, after netting				$863					$361

¹ See “Cash Flow Hedges” in this Note for further discussion.

² See “Fair Value Hedges” in this Note for further discussion.

³ See “Economic Hedging and Trading Activities” in this Note for further discussion.

⁴ Amount includes $7.9 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁵ Amount includes $913 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁶ Amounts include $11.6 billion of notional amounts related to interest rate futures and $710 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

⁷ Asset and liability amounts include $4 million and $12 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

⁸ Includes $49 million notional amount that is based on the 3.2 million of VisaClass B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

	December 31, 2016
	Asset Derivatives					Liability Derivatives
(Dollars in millions)	Notional Amounts		Fair Value			Notional Amounts		Fair Value
Derivative instruments designated in cash flow hedging relationships 1
Interest rate contracts hedging floating rate loans		$6,400		$34			$11,050		$265
Derivative instruments designated in fair value hedging relationships 2
Interest rate contracts hedging fixed rate debt	600		2			4,510		81
Interest rate contracts hedging brokered CDs	60		—			30		—
Total	660		2			4,540		81
Derivative instruments not designated as hedging instruments 3
Interest rate contracts hedging:
MSRs 4	12,165		413			18,774		335
LHFS, IRLCs 5	11,774		134			8,306		58
LHFI	100		2			36		1
Trading activity 6	70,599		1,536			67,477		1,401
Foreign exchange rate contracts hedging trading activity	3,231		161			3,360		148
Credit contracts hedging:
Loans	15		—			620		8
Trading activity 7	2,128		34			2,271		33
Equity contracts hedging trading activity 6	23,164		2,095			35,312		2,477
Other contracts:
IRLCs and other 8	2,412		28			668		22
Commodity derivatives	747		75			746		73
Total	126,335		4,478			137,570		4,556
Total derivative instruments		$133,395		$4,514			$153,160		$4,902
Total gross derivative instruments, before netting				$4,514					$4,902
Less: Legally enforceable master netting agreements			(3,239		)			(3,239		)
Less: Cash collateral received/paid			(291		)			(1,265		)
Total derivative instruments, after netting				$984					$398

¹ See “Cash Flow Hedges” in this Note for further discussion.

² See “Fair Value Hedges” in this Note for further discussion.

³ See “Economic Hedging and Trading Activities” in this Note for further discussion.

⁴ Amount includes $6.7 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁵ Amount includes $720 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁶ Amounts include $12.3 billion of notional amounts related to interest rate futures and $629 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

⁷ Asset and liability amounts include $5 million and $13 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

⁸ Includes $49 million notional amount that is based on the 3.2 million of VisaClass B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

Impact of Derivative Instruments on the Consolidated Statements of Income and Shareholders’ Equity

The impacts of derivative instruments on the Consolidated Statements of Income and the Consolidated Statements of Shareholders’ Equity for the three months ended March 31 are presented in the following tables. The impacts are segregated between derivatives that are designated in hedge accounting relationships and those that are used for economic hedging or trading purposes, with further identification of the underlying risks in the derivatives and the hedged items, where appropriate. The tables do not disclose the financial impact of the activities that these derivative instruments are intended to hedge.

	Three Months Ended March 31, 2017
(Dollars in millions)	Amount of  Pre-tax Loss Recognized in OCI on Derivatives (Effective Portion)			Amount of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)		Classification of Pre-tax Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging floating rate loans 1		($25	)		$23	Interest and fees on loans

¹ During the three months endedMarch 31, 2017, the Company also reclassified $18 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

	Three Months Ended March 31, 2017
(Dollars in millions)	Amount of Loss on Derivatives Recognized in Income			Amount of Gain on Related Hedged Items Recognized in Income		Amount of Gain Recognized in Income on Hedges (Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1		($11	)		$13		$2
Interest rate contracts hedging brokered CDs 1	—			—		—
Total		($11	)		$13		$2

¹ Amounts are recognized in trading income in the Consolidated Statements of Income.

(Dollars in millions)	Classification of (Loss)/Gain Recognized in Income on Derivatives	Amount of (Loss)/Gain Recognized in Income on Derivatives During the Three Months Ended March 31, 2017
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs	Mortgage servicing related income		($18	)
LHFS, IRLCs	Mortgage production related income	(15		)
Trading activity	Trading income	11
Foreign exchange rate contracts hedging trading activity	Trading income	(6		)
Credit contracts hedging:
Loans	Other noninterest income	(1		)
Trading activity	Trading income	5
Other contracts:
IRLCs and other	Mortgage production related income, Commercial real estate related income	48
Commodity derivatives	Trading income	1
Total			$25

	Three Months Ended March 31, 2016
(Dollars in millions)	Amount of  Pre-tax Gain Recognized in OCI on Derivatives (Effective Portion)		Amount of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)		Classification of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging floating rate loans 1		$306		$38	Interest and fees on loans

¹ During the three months endedMarch 31, 2016, the Company also reclassified $29 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

	Three Months Ended March 31, 2016
(Dollars in millions)	Amount of Loss on Derivatives Recognized in Income			Amount of Gain on Related Hedged Items Recognized in Income		Amount of Gain Recognized in Income on Hedges (Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1		($2	)		$3		$1
Interest rate contracts hedging brokered CDs 1	—			—		—
Total		($2	)		$3		$1

¹ Amounts are recognized in trading income in the Consolidated Statements of Income.

(Dollars in millions)	Classification of Gain/(Loss) Recognized in Income on Derivatives	Amount of Gain/(Loss) Recognized in Income on Derivatives During the Three Months Ended March 31, 2016
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs	Mortgage servicing related income		$169
LHFS, IRLCs	Mortgage production related income	(62		)
LHFI	Other noninterest income	(2		)
Trading activity	Trading income	15
Foreign exchange rate contracts hedging trading activity	Trading income	(18		)
Credit contracts hedging:
Loans	Other noninterest income	(1		)
Trading activity	Trading income	5
Equity contracts hedging trading activity	Trading income	2
Other contracts:
IRLCs	Mortgage production related income	45
Commodity derivatives	Trading income	1
Total			$154

Netting of Derivative Instruments

The Company has various financial assets and financial liabilities that are subject to enforceable master netting agreements or similar agreements. The Company's securities borrowed or purchased under agreements to resell, and securities sold under agreements to repurchase, that are subject to enforceable master netting agreements or similar agreements, are discussed in Note 3, "Federal Funds Sold and Securities Financing Activities." The Company enters into ISDA or other legally enforceable industry standard master netting agreements with derivative counterparties. Under the terms of the master netting agreements, all transactions between the Company and the counterparty constitute a single business relationship such that in the event of default, the nondefaulting party is entitled to set off claims and apply property held by that party in respect of any transaction against obligations owed. Any payments, deliveries, or other transfers may be applied against each other and netted.

The following tables present total gross derivative instrument assets and liabilities at March 31, 2017 and December 31, 2016, which are adjusted to reflect the effects of legally enforceable master netting agreements and cash collateral received or paid when calculating the net amount reported in the Consolidated Balance Sheets. Also included in the tables are financial instrument collateral related to legally enforceable master netting agreements that represents securities collateral received or pledged and customer cash collateral held at third party custodians. These amounts are not offset on the Consolidated Balance Sheets but are shown as a reduction to total derivative instrument assets and liabilities to derive net derivative assets and liabilities. These amounts are limited to the derivative asset/liability balance, and accordingly, do not include excess collateral received/pledged.

(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
March 31, 2017
Derivative instrument assets:
Derivatives subject to master netting arrangement or similar arrangement		$3,570		$2,899		$671			$47		$624
Derivatives not subject to master netting arrangement or similar arrangement	32		—		32			—		32
Exchange traded derivatives	285		125		160			—		160
Total derivative instrument assets		$3,887		$3,024		$863	1		$47		$816
Derivative instrument liabilities:
Derivatives subject to master netting arrangement or similar arrangement		$4,262		$4,001		$261			$41		$220
Derivatives not subject to master netting arrangement or similar arrangement	98		—		98			—		98
Exchange traded derivatives	127		125		2			—		2
Total derivative instrument liabilities		$4,487		$4,126		$361	2		$41		$320
December 31, 2016
Derivative instrument assets:
Derivatives subject to master netting arrangement or similar arrangement		$4,193		$3,384		$809			$48		$761
Derivatives not subject to master netting arrangement or similar arrangement	27		—		27			—		27
Exchange traded derivatives	294		146		148			—		148
Total derivative instrument assets		$4,514		$3,530		$984	1		$48		$936
Derivative instrument liabilities:
Derivatives subject to master netting arrangement or similar arrangement		$4,649		$4,358		$291			$33		$258
Derivatives not subject to master netting arrangement or similar arrangement	105		—		105			—		105
Exchange traded derivatives	148		146		2			—		2
Total derivative instrument liabilities		$4,902		$4,504		$398	2		$33		$365

¹ At March 31, 2017, $863 million, net of $277 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $984 million, net of $291 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.

² At March 31, 2017, $361 million, net of $1.4 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $398 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.

Credit Derivative Instruments

As part of the Company's trading businesses, the Company enters into contracts that are, in form or substance, written guarantees; specifically, CDS, risk participations, and TRS. The Company accounts for these contracts as derivatives, and accordingly, records these contracts at fair value, with changes in fair value recognized in trading income in the Consolidated Statements of Income.

At March 31, 2017 and December 31, 2016, the gross notional amounts of purchased CDS contracts designated as trading instruments were $10 million and $135 million, respectively. The fair values of purchased CDS were less than $1 million and $3 million at March 31, 2017 and December 31, 2016, respectively.

The Company has also entered into TRS contracts on loans. The Company’s TRS business consists of matched trades, such that when the Company pays depreciation on one TRS, it receives the same amount on the matched TRS. To mitigate its credit risk, the Company typically receives initial cash collateral from the counterparty upon entering into the TRS and is entitled to additional collateral if the fair value of the underlying reference assets deteriorates. There were $2.1 billion of outstanding TRS notional balances at both March 31, 2017 and December 31, 2016. The fair values of these TRS assets and liabilities at March 31, 2017 were $28 million and $24 million, respectively, and related collateral held at March 31, 2017 was $483 million. The fair values of the TRS assets and liabilities at December 31, 2016 were $34 million and $31 million, respectively, and related collateral held at December 31, 2016 was $450 million. For additional information on the Company's TRS contracts, see Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," as well as Note 15, "Fair Value Election and Measurement."

The Company writes risk participations, which are credit derivatives, whereby the Company has guaranteed payment to a dealer counterparty in the event the counterparty experiences a loss on a derivative, such as an interest rate swap, due to a failure to pay by the counterparty’s customer (the “obligor”) on that derivative. The Company manages its payment risk on its risk participations by monitoring the creditworthiness of the obligors, which are all corporations or partnerships, through the normal credit review process that the Company would have performed had it entered into a derivative directly with the obligors. To date, no material losses have been incurred related to the Company’s written risk participations. At March 31, 2017, the remaining terms on these risk participations generally ranged from less than one year to ten years, with a weighted average term on the maximum estimated exposure of 6 years. At December 31, 2016, the remaining terms on these risk participations generally ranged from less than one year to thirty-one years, with a weighted average term on the maximum estimated exposure of 8.5 years. The Company’s maximum estimated exposure to written risk participations, as measured by projecting a maximum value of the guaranteed derivative instruments based on interest rate curve simulations and assuming 100% default by all obligors on the maximum values, was approximately $67 million and $95 million at March 31, 2017 and December 31, 2016, respectively. The fair values of the written risk participations were immaterial at both March 31, 2017 and December 31, 2016.

Cash Flow Hedging Instruments

The Company utilizes a comprehensive risk management strategy to monitor sensitivity of earnings to movements in interest rates. Specific types of funding and principal amounts hedged are determined based on prevailing market conditions and the shape of the yield curve. In conjunction with this strategy, the Company may employ various interest rate derivatives as risk management tools to hedge interest rate risk from recognized assets and liabilities or from forecasted transactions. The terms and notional amounts of derivatives are determined based on management’s assessment of future interest rates, as well as other factors.

Interest rate swaps have been designated as hedging the exposure to the benchmark interest rate risk associated with floating rate loans. At March 31, 2017, the maturities for hedges of floating rate loans ranged from one year to six years, with the weighted average being 4.2 years. At December 31, 2016, the maturities for hedges of floating rate loans ranged from less than one year to six years, with the weighted average being 4.1 years. These hedges have been highly effective in offsetting the designated risks, yielding an immaterial amount of ineffectiveness for the three months ended March 31, 2017 and 2016. At March 31, 2017, $90 million of deferred net pre-tax gains on derivative instruments designated as cash flow hedges on floating rate loans recognized in AOCI are expected to be reclassified into net interest income during the next twelve months. The amount to be reclassified into income incorporates the impact from both active and terminated or de-designated cash flow hedges, including the net interest income earned on the active hedges, assuming no changes in LIBOR. The Company may choose to terminate or de-designate a hedging relationship due to a change in the risk management objective for that specific hedge item, which may arise in conjunction with an overall balance sheet management strategy.

Fair Value Hedging Instruments

The Company enters into interest rate swap agreements as part of the Company’s risk management objectives for hedging its exposure to changes in fair value due to changes in interest rates. These hedging arrangements convert certain fixed rate long-term debt and CDs to floating rates. Consistent with this objective, the Company reflects the accrued contractual interest on the hedged item and the related swaps as part of current period interest expense. There were no components of derivative gains or losses excluded in the Company’s assessment of hedge effectiveness related to the fair value hedges.

Economic Hedging Instruments and Trading Activities

In addition to designated hedge accounting relationships, the Company also enters into derivatives as an end user to economically hedge risks associated with certain non-derivative and derivative instruments, along with entering into derivatives in a trading capacity with its clients.

The primary risks that the Company economically hedges are interest rate risk, foreign exchange risk, and credit risk. The Company mitigates these risks by entering into offsetting derivatives either on an individual basis or collectively on a macro basis.

The Company utilizes interest rate derivatives related to:

• Residential MSRs. The Company hedges these instruments with a combination of interest rate derivatives, including forward and option contracts, futures, and forward rate agreements.

• Residential mortgage IRLCs and LHFS. The Company hedges these instruments using forward and option contracts, futures, and forward rate agreements.

The Company is exposed to volatility and changes in foreign exchange rates associated with certain commercial loans. To hedge against this foreign exchange rate risk, the Company enters into foreign exchange rate contracts that provide for the future receipt and delivery of foreign currency at previously agreed-upon terms.

The Company enters into CDS to hedge credit risk associated with certain loans held within its Wholesale Banking segment. The Company accounts for these contracts as derivatives, and accordingly, recognizes these contracts at fair value, with changes in fair value recognized in other noninterest income in the Consolidated Statements of Income.

Trading activity primarily includes interest rate swaps, equity derivatives, CDS, futures, options, foreign exchange rate contracts, and commodity derivatives. These derivatives are entered into in a dealer capacity to facilitate client transactions, or are utilized as a risk management tool by the Company as an end user (predominantly in certain macro-hedging strategies).

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Fair Value Election and Measurement

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Election and Measurement

NOTE 15 - FAIR VALUE ELECTION AND MEASUREMENT

The Company measures certain assets and liabilities at fair value, which are classified as level 1, 2, or 3 within the fair value hierarchy, as shown below, on the basis of whether the measurement employs observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s own assumptions, taking into account information about market participant assumptions that is readily available.

• Level 1: Quoted prices for identical instruments in active markets

• Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets

• Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable

Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The Company’s recurring fair value measurements are based on either a requirement to measure such assets and liabilities at fair value or on the Company’s election to measure certain financial assets and liabilities at fair value. Assets and liabilities that are required to be measured at fair value on a recurring basis include trading securities, securities AFS, and derivative financial instruments. Assets and liabilities that the Company has elected to measure at fair value on a recurring basis include MSRs and certain LHFS, LHFI, trading loans, brokered time deposits, and issuances of fixed rate debt.

The Company elects to measure certain assets and liabilities at fair value to better align its financial performance with the economic value of actively traded or hedged assets or liabilities. The use of fair value also enables the Company to mitigate non-economic earnings volatility caused from financial assets and liabilities being measured using different bases of accounting, as well as to more accurately portray the active and dynamic management of the Company’s balance sheet.

The Company uses various valuation techniques and assumptions in estimating fair value. The assumptions used to estimate the value of an instrument have varying degrees of impact to the overall fair value of an asset or liability. This process involves gathering multiple sources of information, including broker quotes, values provided by pricing services, trading activity in other identical or similar securities, market indices, and pricing matrices. When observable market prices for the asset or liability are not available, the Company employs various modeling techniques, such as discounted cash flow analyses, to estimate fair value. Models used to produce material financial reporting information are validated prior to use and following any material change in methodology. Their performance is monitored at least quarterly, and any material deterioration in model performance is escalated. This review is performed by different internal groups depending on the type of fair value asset or liability.

The Company has formal processes and controls in place to support the appropriateness of its fair value estimates. For fair values obtained from a third party, or those that include certain trader estimates of fair value, there is an independent price validation function that provides oversight for these estimates. For level 2 instruments and certain level 3 instruments, the validation generally involves evaluating pricing received from two or more third party pricing sources that are widely used by market participants. The Company evaluates this pricing information from both a qualitative and quantitative perspective and determines whether any pricing differences exceed acceptable thresholds. If thresholds are exceeded, the Company assesses differences in valuation approaches used, which may include contacting a pricing service to gain further insight into the valuation of a particular security or class of securities to resolve the pricing variance, which could include an adjustment to the price used for financial reporting purposes.

The Company classifies instruments within level 2 in the fair value hierarchy when it determines that external pricing sources estimated fair value using prices for similar instruments trading in active markets. A wide range of quoted values from pricing sources may imply a reduced level of market activity and indicate that significant adjustments to price indications have been made. In such cases, the Company evaluates whether the asset or liability should be classified as level 3.

Determining whether to classify an instrument as level 3 involves judgment and is based on a variety of subjective factors, including whether a market is inactive. A market is considered inactive if significant decreases in the volume and level of activity for the asset or liability have been observed. In making this determination the Company evaluates the number of recent transactions in either the primary or secondary market, whether or not price quotations are current, the nature of market participants, the variability of price quotations, the breadth of bid/ask spreads, declines in, or the absence of, new issuances, and the availability of public information. When a market is determined to be inactive, significant adjustments may be made to price indications when estimating fair value. In making these adjustments the Company seeks to employ assumptions a market participant would use to value the asset or liability, including consideration of illiquidity in the referenced market.

Recurring Fair Value Measurements

The following tables present certain information regarding assets and liabilities measured at fair value on a recurring basis and the changes in fair value for those specific financial instruments for which fair value has been elected.

	March 31, 2017
	Fair Value Measurements
(Dollars in millions)	Level 1		Level 2		Level 3		Netting  Adjustments 1			Assets/Liabilities at Fair Value
Assets
Trading assets and derivative instruments:
U.S. Treasury securities		$450		$—		$—		$—			$450
Federal agency securities	—		361		—		—			361
U.S. states and political subdivisions	—		55		—		—			55
MBS - agency	—		560		—		—			560
Corporate and other debt securities	—		590		—		—			590
CP	—		491		—		—			491
Equity securities	41		—		—		—			41
Derivative instruments	285		3,570		32		(3,024		)	863
Trading loans	—		2,596		—		—			2,596
Total trading assets and derivative instruments	776		8,223		32		(3,024		)	6,007
Securities AFS:
U.S. Treasury securities	5,422		—		—		—			5,422
Federal agency securities	—		302		—		—			302
U.S. states and political subdivisions	—		318		4		—			322
MBS - agency	—		23,795		—		—			23,795
MBS - non-agency residential	—		—		71		—			71
MBS - non-agency commercial	—		534		—		—			534
ABS	—		—		9		—			9
Corporate and other debt securities	—		29		5		—			34
Other equity securities 2	123		—		515		—			638
Total securities AFS	5,545		24,978		604		—			31,127
LHFS	—		1,813		6		—			1,819
LHFI	—		—		221		—			221
MSRs	—		—		1,645		—			1,645
Liabilities
Trading liabilities and derivative instruments:
U.S. Treasury securities	528		—		—		—			528
MBS - agency	—		5		—		—			5
Corporate and other debt securities	—		326		—		—			326
Equity securities	5		—		—		—			5
Derivative instruments	127		4,345		15		(4,126		)	361
Total trading liabilities and derivative instruments	660		4,676		15		(4,126		)	1,225
Brokered time deposits	—		128		—		—			128
Long-term debt	—		771		—		—			771

¹ Amounts represent 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 $119 million of mutual fund investments, $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

	December 31, 2016
	Fair Value Measurements
(Dollars in millions)	Level 1		Level 2		Level 3		Netting  Adjustments 1			Assets/Liabilities at Fair Value
Assets
Trading assets and derivative instruments:
U.S. Treasury securities		$539		$—		$—		$—			$539
Federal agency securities	—		480		—		—			480
U.S. states and political subdivisions	—		134		—		—			134
MBS - agency	—		567		—		—			567
CLO securities	—		1		—		—			1
Corporate and other debt securities	—		656		—		—			656
CP	—		140		—		—			140
Equity securities	49		—		—		—			49
Derivative instruments	293		4,193		28		(3,530		)	984
Trading loans	—		2,517		—		—			2,517
Total trading assets and derivative instruments	881		8,688		28		(3,530		)	6,067
Securities AFS:
U.S. Treasury securities	5,405		—		—		—			5,405
Federal agency securities	—		313		—		—			313
U.S. states and political subdivisions	—		275		4		—			279
MBS - agency	—		23,662		—		—			23,662
MBS - non-agency residential	—		—		74		—			74
MBS - non-agency commercial	—		252		—		—			252
ABS	—		—		10		—			10
Corporate and other debt securities	—		30		5		—			35
Other equity securities 2	102		—		540		—			642
Total securities AFS	5,507		24,532		633		—			30,672
LHFS	—		3,528		12		—			3,540
LHFI	—		—		222		—			222
MSRs	—		—		1,572		—			1,572
Liabilities
Trading liabilities and derivative instruments:
U.S. Treasury securities	697		—		—		—			697
MBS - agency	—		1		—		—			1
Corporate and other debt securities	—		255		—		—			255
Derivative instruments	149		4,731		22		(4,504		)	398
Total trading liabilities and derivative instruments	846		4,987		22		(4,504		)	1,351
Brokered time deposits	—		78		—		—			78
Long-term debt	—		963		—		—			963

¹ Amounts represent 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 $102 million of mutual fund investments, $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

The following tables present the difference between fair value and the aggregate UPB for which the FVO has been elected for certain trading loans, LHFS, LHFI, brokered time deposits, and long-term debt instruments.

(Dollars in millions)	Fair Value at March 31, 2017		Aggregate UPB at March 31, 2017		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,596		$2,550		$46
LHFS:
Accruing	1,819		1,762		57
LHFI:
Accruing	218		224		(6		)
Nonaccrual	3		4		(1		)
Liabilities:
Brokered time deposits	128		130		(2		)
Long-term debt	771		736		35
(Dollars in millions)	Fair Value at December 31, 2016		Aggregate UPB at December 31, 2016		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,517		$2,488		$29
LHFS:
Accruing	3,540		3,516		24
LHFI:
Accruing	219		225		(6		)
Nonaccrual	3		4		(1		)
Liabilities:
Brokered time deposits	78		80		(2		)
Long-term debt	963		924		39

The following tables present the change in fair value during the three months ended March 31, 2017 and 2016 of financial instruments for which the FVO has been elected, as well as for MSRs. The tables do not reflect the change in fair value attributable to related economic hedges that the Company uses to mitigate market-related risks associated with the financial instruments. Generally, changes in the fair value of economic hedges are recognized in trading income, mortgage production related income, mortgage servicing related income, commercial real estate related income, or other noninterest income as appropriate, and are designed to partially offset the change in fair value of the financial instruments referenced in the tables below. The Company’s economic hedging activities are deployed at both the instrument and portfolio level.

	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2017 for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income		Mortgage Production Related Income 1		Mortgage Servicing Related Income			Total Changes in Fair Values Included in Earnings 2
Assets:
Trading loans		$2		$—		$—			$2
LHFS	—		12		—			12
MSRs	—		1		(24		)	(23		)
Liabilities:
Brokered time deposits	1		—		—			1
Long-term debt	6		—		—			6

¹ Income related to LHFS does not include income from IRLCs. For the three months endedMarch 31, 2017, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

² Changes in fair value for the three months endedMarch 31, 2017 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, brokered time deposits, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2016 for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income			Mortgage Production Related  Income 1		Mortgage Servicing Related Income			Other Noninterest Income		Total Changes in Fair Values Included in Earnings 2
Assets:
Trading loans		$6			$—		$—			$—		$6
LHFS	—			55		—			—		55
LHFI	—			—		—			3		3
MSRs	—			—		(247		)	—		(247		)
Liabilities:
Long-term debt	(2		)	—		—			—		(2		)

¹ Income related to LHFS does not include income from IRLCs. For the three months endedMarch 31, 2016, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

² Changes in fair value for the three months endedMarch 31, 2016 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

The following is a discussion of the valuation techniques and inputs used in estimating fair value for assets and liabilities measured at fair value on a recurring basis and classified as level 1, 2, and/or 3.

Trading Assets and Derivative Instruments and Securities Available for Sale

Unless otherwise indicated, trading assets are priced by the trading desk and securities AFS are valued by an independent third party pricing service.

Federal Agency Securities

The Company includes in this classification securities issued by federal agencies and GSEs. Agency securities consist of debt obligations issued by HUD, FHLB, and other agencies or collateralized by loans that are guaranteed by the SBA and are, therefore, backed by the full faith and credit of the U.S. government. For SBA instruments, the Company estimates fair value based on pricing from observable trading activity for similar securities or from a third party pricing service. Accordingly, the Company classified these instruments as level 2.

U.S. States and Political Subdivisions

The Company’s investments in U.S. states and political subdivisions (collectively “municipals”) include obligations of county and municipal authorities and agency bonds, which are general obligations of the municipality or are supported by a specified revenue source. Holdings were geographically dispersed, with no significant concentrations in any one state or municipality. Additionally, all AFS municipal obligations classified as level 2 are highly rated or are otherwise collateralized by securities backed by the full faith and credit of the federal government.

Level 3 AFS municipal securities at March 31, 2017 and December 31, 2016 includes an immaterial amount of bonds that are redeemable with the issuer at par and cannot be traded in the market. As such, no significant observable market data for these instruments is available; therefore, these securities are priced at par.

MBS – Agency

Agency MBS includes pass-through securities and collateralized mortgage obligations issued by GSEs and U.S. government agencies, such as Fannie Mae, Freddie Mac, and Ginnie Mae. Each security contains a guarantee by the issuing GSE or agency. For agency MBS, the Company estimates fair value based on pricing from observable trading activity for similar securities or from a third party pricing service; accordingly, the Company has classified these instruments as level 2.

MBS – Non-agency

Non-agency residential MBS includes purchased interests in third party securitizations, as well as retained interests in Company-sponsored securitizations of 2006 and 2007 vintage residential mortgages (including both prime jumbo fixed rate collateral and floating rate collateral). At the time of purchase or origination, these securities had high investment grade ratings; however, through the credit crisis, they experienced deterioration in credit quality leading to downgrades to non-investment grade levels. The Company obtains pricing for these securities from an independent pricing service. The Company evaluates third party pricing to determine the reasonableness of the information relative to changes in market data, such as any recent trades, information received from market participants and analysts, and/or changes in the underlying collateral performance. The Company continued to classify non-agency residential MBS as level 3, as the Company believes that available third party pricing relies on significant unobservable assumptions, as evidenced by a persistently wide bid-ask price range and variability in pricing from the pricing services, particularly for the vintage and exposures held by the Company.

Non-agency commercial MBS at March 31, 2017 and December 31, 2016 consists of purchased interests in newly issued third party securitizations. These interests have high investment grade ratings, and the Company obtains pricing for these securities from an independent pricing service. The Company has classified these non-agency commercial MBS as level 2, as the Company believes that the independent pricing service relies on observable data in active markets.

CLO Securities

CLO preference share exposure is estimated at fair value based on pricing from observable trading activity for similar securities. Accordingly, the Company has classified these instruments as level 2.

Asset-Backed Securities

ABS classified as securities AFS includes purchased interests in third party securitizations collateralized by home equity loans and are valued based on third party pricing with significant unobservable assumptions; as such, they are classified as level 3.

Corporate and Other Debt Securities

Corporate debt securities are comprised predominantly of senior and subordinate debt obligations of domestic corporations and are classified as level 2. Other debt securities classified as AFS in level 3 at March 31, 2017 and December 31, 2016 include bonds that are redeemable with the issuer at par and cannot be traded in the market. As such, observable market data for these instruments is not available.

Commercial Paper

The Company acquires CP that is generally short-term in nature (maturity of less than 30 days) and highly rated. The Company estimates the fair value of this CP based on observable pricing from executed trades of similar instruments; as such, CP is classified as level 2.

Equity Securities

Equity securities classified as securities AFS include primarily FHLB of Atlanta stock and Federal Reserve Bank of Atlanta stock, which are redeemable with the issuer at cost and cannot be traded in the market. As such, observable market data for these instruments is not available and they are classified as level 3. The Company accounts for the stock based on industry guidance that requires these investments be carried at cost and evaluated for impairment based on the ultimate recovery of cost.

The Company estimates the fair value of its mutual fund investments and certain other equity securities based on quoted prices for similar instruments observed in active markets; as such, these investments are classified as level 1.

Derivative Instruments

The Company holds derivative instruments for both trading and risk management purposes. Level 1 derivative instruments generally include exchange-traded futures or option contracts for which pricing is readily available. The Company’s level 2 instruments are predominantly OTC swaps, options, and forwards, measured using observable market assumptions for interest rates, foreign exchange, equity, and credit. Because fair values for OTC contracts are not readily available, the Company estimates fair values using internal, but standard, valuation models. The selection of valuation models is driven by the type of contract: for option-based products, the Company uses an appropriate option pricing model such as Black-Scholes. For forward-based products, the Company’s valuation methodology is generally a discounted cash flow approach.

The Company's derivative instruments classified as level 2 are primarily transacted in the institutional dealer market and priced with observable market assumptions at a mid-market valuation point, with appropriate valuation adjustments for liquidity and credit risk. To this end, the Company has evaluated liquidity premiums required by market participants, as well as the credit risk of its counterparties and its own credit. See Note 14, “Derivative Financial Instruments,” for additional information on the Company's derivative instruments.

The Company's derivative instruments classified as level 3 include IRLCs that satisfy the criteria to be treated as derivative financial instruments. The fair value of IRLCs on residential and commercial LHFS, while based on interest rates observable in the market, is highly dependent on the ultimate closing of the loans. These “pull-through” rates are based on the Company’s historical data and reflect the Company’s best estimate of the likelihood that a commitment will result in a closed loan. As pull-through rates increase, the fair value of IRLCs also increases. Servicing value is included in the fair value of IRLCs, and the fair value of servicing is determined by projecting cash flows, which are then discounted to estimate an expected fair value. The fair value of servicing is impacted by a variety of factors, including prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. Because these inputs are not transparent in market trades, IRLCs are considered to be level 3 assets. During the three months ended March 31, 2017 and 2016, the Company transferred $36 million and $29 million, respectively, of net IRLCs out of level 3 as the associated loans were closed.

Trading Loans

The Company engages in certain businesses whereby electing to measure loans at fair value for financial reporting aligns with the underlying business purpose. Specifically, loans included within this classification include trading loans that are: (i) made or acquired in connection with the Company’s TRS business, (ii) part of the loan sales and trading business within the Company’s Wholesale Banking segment, and (iii) backed by the SBA. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," and Note 14, “Derivative Financial Instruments,” for further discussion of this business. All of these loans are classified as level 2 due to the nature of market data that the Company uses to estimate fair value.

The loans made in connection with the Company’s TRS business are short-term, senior demand loans supported by a pledge agreement granting first priority security interest to the Bank in all the assets held by the borrower, a VIE with assets comprised primarily of corporate loans. While these TRS-related loans do not trade in the market, the Company believes that the par amount of the loans approximates fair value and no unobservable assumptions are used by the Company to value these loans. At both March 31, 2017 and December 31, 2016, the Company had $2.1 billion of these short-term loans outstanding, measured at fair value.

The loans from the Company’s sales and trading business are commercial and corporate leveraged loans that are either traded in the market or for which similar loans trade. The Company elected to measure these loans at fair value since they are actively traded. For both of the three months ended March 31, 2017 and 2016, the Company recognized an immaterial amount of gains/(losses) in the Consolidated Statements of Income due to changes in fair value attributable to instrument-specific credit risk. The Company is able to obtain fair value estimates for substantially all of these loans through a third party valuation service that is broadly used by market participants. While most of the loans are traded in the market, the Company does not believe that trading activity qualifies the loans as level 1 instruments, as the volume and level of trading activity is subject to variability and the loans are not exchange-traded. At March 31, 2017 and December 31, 2016, $459 million and $356 million, respectively, of loans related to the Company’s trading business were held in inventory.

SBA loans are similar to SBA securities discussed herein under “Federal agency securities,” except for their legal form. In both cases, the Company trades instruments that are fully guaranteed by the U.S. government as to contractual principal and interest and there is sufficient observable trading activity upon which to base the estimate of fair value. As these SBA loans are fully guaranteed, the changes in fair value are attributable to factors other than instrument-specific credit risk.

Loans Held for Sale and Loans Held for Investment

Residential LHFS

The Company values certain newly-originated residential mortgage LHFS at fair value based upon defined product criteria. The Company chooses to fair value these residential mortgage LHFS to eliminate the complexities and inherent difficulties of achieving hedge accounting and to better align reported results with the underlying economic changes in value of the loans and related hedge instruments. Any origination fees are recognized within mortgage production related income in the Consolidated Statements of Income when earned at the time of closing. The servicing value is included in the fair value of the loan and is initially recognized at the time the Company enters into IRLCs with borrowers. The Company employs derivative instruments to economically hedge changes in interest rates and the related impact on servicing value in the fair value of the loan. The mark-to-market adjustments related to LHFS and the associated economic hedges are captured in mortgage production related income.

LHFS classified as level 2 are primarily agency loans which trade in active secondary markets and are priced using current market pricing for similar securities, adjusted for servicing, interest rate risk, and credit risk. Non-agency residential mortgages are also included in level 2 LHFS. Transfers of certain residential mortgage LHFS into level 3 during the three months ended March 31, 2017 and 2016 were largely due to borrower defaults or the identification of other loan defects impacting the marketability of the loans.

For residential loans that the Company has elected to measure at fair value, the Company recognized an immaterial amount of gains/(losses) in the Consolidated Statements of Income due to changes in fair value attributable to borrower-specific credit risk for both of the three months ended March 31, 2017 and 2016. In addition to borrower-specific credit risk, there are other more significant variables that drive changes in the fair values of the loans, including interest rates and general market conditions.

Commercial LHFS

The Company values certain commercial LHFS at fair value based upon observable current market prices for similar loans. These loans are generally transferred to agencies within 90 days of origination. The Company has commitments from agencies to purchase these loans at March 31, 2017; therefore, they are classified as Level 2. Origination fees are recognized within commercial real estate related income in the Consolidated Statements of Income when earned at the time of closing. To mitigate the effect of interest rate risk inherent in entering into IRLCs with borrowers, the Company enters into forward contracts with investors at the same time that it enters into IRLCs with borrowers. The mark-to-market adjustments related to commercial LHFS, IRLCs, and forward contracts are recognized in commercial real estate related income. For commercial loans that the Company has elected to measure at fair value, the Company recognized an immaterial loss in the Consolidated Statements of Income due to changes in fair value attributable to borrower-specific credit risk for the three months ended March 31, 2017.

LHFI

LHFI classified as level 3 includes predominantly mortgage loans that are not marketable, largely due to the identification of loan defects. The Company chooses to measure these mortgage LHFI at fair value to better align reported results with the underlying economic changes in value of the loans and any related hedging instruments. The Company values these loans using a discounted cash flow approach based on assumptions that are generally not observable in current markets, such as prepayment speeds, default rates, loss severity rates, and discount rates. Level 3 LHFI also includes mortgage loans that are valued using collateral based pricing. Changes in the applicable housing price index since the time of the loan origination are considered and applied to the loan's collateral value. An additional discount representing the return that a buyer would require is also considered in the overall fair value.

Mortgage Servicing Rights

The Company records residential MSR assets at fair value using a discounted cash flow approach. The fair values of residential MSRs are impacted by a variety of factors, including prepayment assumptions, spreads, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. The underlying assumptions and estimated values are corroborated by values received from independent third parties based on their review of the servicing portfolio, and comparisons to market transactions. Because these inputs are not transparent in market trades, MSRs are classified as level 3 assets. For additional information see Note 8, "Goodwill and Other Intangible Assets."

Liabilities

Trading Liabilities and Derivative Instruments

Trading liabilities are comprised primarily of derivative contracts, including IRLCs that satisfy the criteria to be treated as derivative financial instruments, as well as various contracts (primarily U.S. Treasury securities, corporate and other debt securities) that the Company uses in certain of its trading businesses. The Company's valuation methodologies for these derivative contracts and securities are consistent with those discussed within the corresponding sections herein under “Trading Assets and Derivative Instruments and Securities Available for Sale.”

During the second quarter of 2009, in connection with its sale of VisaClass B shares, the Company entered into a derivative contract whereby the ultimate cash payments received or paid, if any, under the contract are based on the ultimate resolution of the Litigation involving Visa. The fair value of the derivative is estimated based on the Company’s expectations regarding the ultimate resolution of that Litigation. The significant unobservable inputs used in the fair value measurement of the derivative involve a high degree of judgment and subjectivity; accordingly, the derivative liability is classified as level 3. See Note 13, "Guarantees," for a discussion of the valuation assumptions.

Brokered Time Deposits

The Company has elected to measure certain CDs that contain embedded derivatives at fair value. This fair value election better aligns the economics of the CDs with the Company’s risk management strategies. The Company evaluated, on an instrument by instrument basis, whether a new issuance would be measured at fair value.

On January 1, 2016, the Company partially adopted ASU 2016-01, which requires changes in credit spreads for financial liabilities measured at fair value pursuant to a fair value option to be recognized in OCI. The impact to OCI is determined from the change in credit spreads above LIBOR swap spreads. For the three months ended March 31, 2017 and 2016, the impact on AOCI due to changes in credit spreads was immaterial. For additional information on the Company's partial adoption of ASU 2016-01, see Note 1, "Significant Accounting Policies."

The Company has classified CDs measured at fair value as level 2 instruments due to the Company's ability to reasonably measure all significant inputs based on observable market variables. The Company employs a discounted cash flow approach based on observable market interest rates for the term of the CD and an estimate of the Bank's credit risk. For any embedded derivative features, the Company uses the same valuation methodologies as if the derivative were a standalone derivative, as discussed herein under "Derivative instruments."

Long-term Debt

The Company has elected to measure at fair value certain fixed rate issuances of public debt that are valued by obtaining price indications from a third party pricing service and utilizing broker quotes to corroborate the reasonableness of those marks. Additionally, information from market data of recent observable trades and indications from buy side investors, if available, are taken into consideration as additional support for the value. Due to the availability of this information, the Company determined that the appropriate classification for these debt issuances is level 2. The fair value election of certain fixed rate debt issuances was made to align the accounting for the debt with the accounting for offsetting derivative positions, without having to apply complex hedge accounting.

The Company utilizes derivative financial instruments to convert interest rates on its debt from fixed to floating rates. On January 1, 2016, the Company partially adopted ASU 2016-01, which requires changes in credit spreads for certain financial instruments elected to be measured at fair value to be recognized in OCI. The impact to OCI for public debt measured at fair value is determined based on the change in credit spreads above LIBOR swap spreads. Upon adoption, the Company recognized a $5 million one-time, cumulative credit risk adjustment in AOCI to recognize the change in credit spreads that occurred prior to January 1, 2016. For the three months ended March 31, 2017 and 2016, the impact on AOCI from changes in credit spreads resulted in a loss of $1 million and $2 million, respectively, net of tax. For additional information on the Company's partial adoption of ASU 2016-01, see Note 1, "Significant Accounting Policies."

The valuation technique and range, including weighted average, of the unobservable inputs associated with the Company's level 3 assets and liabilities are as follows:

	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value March 31, 2017		Valuation Technique	Unobservable Input 1	Range (weighted average)
Assets
Trading assets and derivative instruments:
Derivative instruments, net 2		$17	Internal model	Pull through rate	41-100% (77%)
				MSR value	28-179 bps (109 bps)
Securities AFS:
U.S. states and political subdivisions	4		Cost	N/A
MBS - non-agency residential	71		Third party pricing	N/A
ABS	9		Third party pricing	N/A
Corporate and other debt securities	5		Cost	N/A
Other equity securities	515		Cost	N/A
Residential LHFS	6		Monte Carlo/Discounted cash flow	Option adjusted spread	104-125 bps (125 bps)
				Conditional prepayment rate	4-13 CPR (8 CPR)
				Conditional default rate	0-2 CDR (0.4 CDR)
LHFI	218		Monte Carlo/Discounted cash flow	Option adjusted spread	62-784 bps (182 bps)
				Conditional prepayment rate	2-25 CPR (11 CPR)
				Conditional default rate	0-5 CDR (1.4 CDR)
	3		Collateral based pricing	Appraised value	NM 3
MSRs	1,645		Monte Carlo/Discounted cash flow	Conditional prepayment rate	6-28 CPR (13 CPR)
				Option adjusted spread	4-114% (8%)

¹ For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available, and therefore, have been noted as not applicable ("N/A").

² Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

³ Not meaningful.

	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value December 31, 2016		Valuation Technique	Unobservable Input 1	Range (weighted average)
Assets
Trading assets and derivative instruments:
Derivative instruments, net 2		$6	Internal model	Pull through rate	40-100% (81%)
				MSR value	22-170 bps (106 bps)
Securities AFS:
U.S. states and political subdivisions	4		Cost	N/A
MBS - non-agency residential	74		Third party pricing	N/A
ABS	10		Third party pricing	N/A
Corporate and other debt securities	5		Cost	N/A
Other equity securities	540		Cost	N/A
Residential LHFS	12		Monte Carlo/Discounted cash flow	Option adjusted spread	104-125 bps (124 bps)
				Conditional prepayment rate	2-28 CPR (7 CPR)
				Conditional default rate	0-3 CDR (0.4 CDR)
LHFI	219		Monte Carlo/Discounted cash flow	Option adjusted spread	62-784 bps (184 bps)
				Conditional prepayment rate	3-36 CPR (13 CPR)
				Conditional default rate	0-5 CDR (2.1 CDR)
	3		Collateral based pricing	Appraised value	NM 3
MSRs	1,572		Monte Carlo/Discounted cash flow	Conditional prepayment rate	1-25 CPR (9 CPR)
				Option adjusted spread	0-122% (8%)

¹ For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available, and therefore, have been noted as not applicable ("N/A").

² Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

³ Not meaningful.

The following tables present a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (other than servicing rights which are disclosed in Note 8, “Goodwill and Other Intangible Assets”). Transfers into and out of the fair value hierarchy levels are assumed to occur at the end of the period in which the transfer occurred. None of the transfers into or out of level 3 have been the result of using alternative valuation approaches to estimate fair values. There were no transfers between level 1 and 2 during the three months ended March 31, 2017 and 2016.

	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning Balance January 1, 2017		Included in Earnings			OCI				Purchases		Sales			Settlements			Transfers to/from Other Balance Sheet Line Items			Transfers into Level 3		Transfers out of Level 3			Fair Value March 31, 2017		Included in Earnings (held at March 31, 2017 1)
Assets
Trading assets:
Derivative instruments, net		$6		$48	2		$—				$—		$—			($1	)		($36	)		$—		$—			$17		$30	2
Total trading assets	6		48			—				—		—			(1		)	(36		)	—		—			17		30
Securities AFS:
U.S. states and political subdivisions	4		—			—				—		—			—			—			—		—			4		—
MBS - non-agency residential	74		—			(1		)	3	—		—			(2		)	—			—		—			71		—
ABS	10		—			—				—		—			(1		)	—			—		—			9		—
Corporate and other debt securities	5		—			—				—		—			—			—			—		—			5		—
Other equity securities	540		—			1			3	43		—			(64		)	—			—		(5		)	515		—
Total securities AFS	633		—			—				43		—			(67		)	—			—		(5		)	604		—
Residential LHFS	12		—			—				—		(14		)	—			(2		)	10		—			6		—
LHFI	222		—			—				—		—			(6		)	1			4		—			221		—

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at March 31, 2017.

² Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income, amount related to commercial IRLCs is recognized in commercial real estate related income, and amount related to Visa derivative liability is recognized in other noninterest expense.

³ Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax.

	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning Balance January 1, 2016		Included in Earnings				OCI				Purchases		Sales			Settlements			Transfers to/from Other Balance Sheet Line Items			Transfers into Level 3		Transfers out of Level 3			Fair Value March 31, 2016		Included in Earnings (held at March 31, 2016 1)
Assets
Trading assets:
Corporate and other debt securities		$89		($1	)	4		$—				$—		($88	)		$—			$—			$—		$—			$—		$—
Derivative instruments, net	15		45			2	—				—		—			1			(29		)	—		—			32		36		2
Total trading assets	104		44				—				—		(88		)	1			(29		)	—		—			32		36
Securities AFS:
U.S. states and political subdivisions	5		—				—				—		—			—			—			—		—			5		—
MBS - non-agency residential	94		—				(1		)	3	—		—			(5		)	—			—		—			88		—
ABS	12		—				—				—		—			(1		)	—			—		—			11		—
Corporate and other debt securities	5		—				—				—		—			—			—			—		—			5		—
Other equity securities	440		—				—				106		—			(75		)	—			—		—			471		—
Total securities AFS	556		—				(1		)	3	106		—			(81		)	—			—		—			580		—
Residential LHFS	5		—				—				—		(7		)	—			(1		)	9		(2		)	4		—
LHFI	257		3			5	—				—		—			(10		)	1			4		—			255		3		5
Liabilities
Other liabilities	23		—				—				—		—			(23		)	—			—		—			—		—

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets/liabilities still held at March 31, 2016.

² Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income and amount related to Visa derivative liability is recognized in other noninterest expense.

³ Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax.

⁴ Amounts included in earnings are recognized in trading income.

⁵ Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in other noninterest income.

Non-recurring Fair Value Measurements

The following tables present losses recognized on assets still held at period end, and measured at fair value on a non-recurring basis, for the three months ended March 31, 2017 and the year ended December 31, 2016. Adjustments to fair value generally result from the application of LOCOM or through write-downs of individual assets. The tables do not reflect changes in fair value attributable to economic hedges the Company may have used to mitigate interest rate risk associated with LHFS.

			Fair Value Measurements						Losses for the Three Months Ended March 31, 2017
(Dollars in millions)	March 31, 2017		Level 1		Level 2		Level 3
LHFI		$83		$—		$—		$83		$—
OREO	11		—		—		11		(2		)
Other assets	42		—		1		41		(5		)
			Fair Value Measurements						Losses for the Year Ended December 31, 2016
(Dollars in millions)	December 31, 2016		Level 1		Level 2		Level 3
LHFI		$75		$—		$—		$75		$—
OREO	17		—		—		17		(2		)
Other assets	112		—		58		54		(36		)

Discussed below are the valuation techniques and inputs used in estimating fair values for assets measured at fair value on a non-recurring basis and classified as level 2 and/or 3.

Loans Held for Investment

At March 31, 2017 and December 31, 2016, LHFI consisted primarily of consumer and residential real estate loans discharged in Chapter 7 bankruptcy that had not been reaffirmed by the borrower, as well as nonperforming CRE loans for which specific reserves had been recognized. Cash proceeds from the sale of the underlying collateral is the expected source of repayment for a majority of these loans. Accordingly, the fair value of these loans is derived from the estimated fair value of the underlying collateral, incorporating market data if available. There were no gains/(losses) recognized during the three months ended March 31, 2017 or during the year ended December 31, 2016, as the charge-offs related to these loans are a component of the ALLL. Due to the lack of market data for similar assets, all of these loans are classified as level 3.

OREO

OREO is measured at the lower of cost, or fair value less costs to sell. OREO classified as level 3 consists primarily of residential homes, commercial properties, and vacant lots and land for which initial valuations are based on property-specific appraisals, broker pricing opinions, or other limited, highly subjective market information. Updated value estimates are received regularly for level 3 OREO.

Other Assets

Other assets consists of cost and equity method investments, other repossessed assets, assets under operating leases where the Company is the lessor, branch properties, and land held for sale.

Investments in cost and equity method investments are valued based on the expected remaining cash flows to be received from these assets discounted at a market rate that is commensurate with the expected risk, considering relevant Company-specific valuation multiples, where applicable. Based on the valuation methodology and associated unobservable inputs, these investments are classified as level 3. There were no impairment charges recognized on equity investments during three months ended March 31, 2017. During the year ended December 31, 2016, the Company recognized impairment charges of $8 million on its equity investments.

Other repossessed assets comprises repossessed personal property that is measured at fair value less cost to sell. These assets are classified as level 3 as their fair value is determined based on a variety of subjective, unobservable factors. There were no losses recognized in earnings by the Company on other repossessed assets during the three months ended March 31, 2017 or during the year ended December 31, 2016, as the impairment charges on repossessed personal property were a component of the ALLL.

The Company monitors the fair value of assets under operating leases where the Company is the lessor and recognizes impairment on the leased asset to the extent the carrying value is not recoverable and is greater than its fair value. Fair value is determined using collateral specific pricing digests, external appraisals, broker opinions, recent sales data from industry equipment dealers, and the discounted cash flows derived from the underlying lease agreement. As market data for similar assets and lease arrangements is available and used in the valuation, these assets are considered level 2. There were no impairment charges recognized during the three months ended March 31, 2017 attributable to changes in the fair value of various personal property under operating leases. During the year ended December 31, 2016, the Company recognized impairment charges of $12 million attributable to changes in the fair value of various personal property under operating leases.

Branch properties are classified as level 3, as its fair value is based on market comparables and broker opinions. The Company recognized impairment charges of $5 million on branch properties during the three months ended March 31, 2017. During the year ended December 31, 2016, the Company recognized impairment charges of $12 million on branch properties.

Land held for sale is recorded at the lesser of carrying value or fair value less cost to sell, and is considered level 3 as its fair value is determined based on market comparables and broker opinions. There were no impairment charges recognized on land held for sale during the three months ended March 31, 2017. During the year ended December 31, 2016, the Company recognized impairment charges of $4 million on land held for sale.

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments are as follows:

	March 31, 2017				Fair Value Measurements
(Dollars in millions)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents		$8,274		$8,274		$8,274		$—		$—	(a)
Trading assets and derivative instruments	6,007		6,007		776		5,199		32		(b)
Securities AFS	31,127		31,127		5,545		24,978		604		(b)
LHFS	2,109		2,111		—		2,100		11		(c)
LHFI, net	141,815		140,888		—		166		140,722		(d)
Financial liabilities:
Deposits	162,853		162,732		—		162,732		—		(e)
Short-term borrowings	4,696		4,696		—		4,696		—		(f)
Long-term debt	10,496		10,560		—		9,802		758		(f)
Trading liabilities and derivative instruments	1,225		1,225		660		550		15		(b)

	December 31, 2016				Fair Value Measurements
(Dollars in millions)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents		$6,423		$6,423		$6,423		$—		$—	(a)
Trading assets and derivative instruments	6,067		6,067		881		5,158		28		(b)
Securities AFS	30,672		30,672		5,507		24,532		633		(b)
LHFS	4,169		4,178		—		4,161		17		(c)
LHFI, net	141,589		140,516		—		282		140,234		(d)
Financial liabilities:
Deposits	160,398		160,280		—		160,280		—		(e)
Short-term borrowings	4,764		4,764		—		4,764		—		(f)
Long-term debt	11,748		11,779		—		11,051		728		(f)
Trading liabilities and derivative instruments	1,351		1,351		846		483		22		(b)

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:

(a) Cash and cash equivalents are valued at their carrying amounts, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.

(b) Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

(c) LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally developed and considers risk premiums that a market participant would require under then-current market conditions.

(d) LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid or nonexistent requires significant judgment.

Generally, the Company measures fair value for LHFI based on estimated future discounted cash flows using current origination rates for loans with similar terms and credit quality, which derived an estimated value of 101% on the loan portfolio’s net carrying value at both March 31, 2017 and December 31, 2016. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was applied when estimating the fair value of these loans. The discounted value is a function of a market participant’s required yield in the current environment and is not a reflection of the expected cumulative losses on the loans.

(e) Deposit liabilities with no defined maturity such as DDAs, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow approach that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values. Refer to the respective valuation section within this footnote for valuation information related to brokered time deposits that the Company measures at fair value as well as those that are carried at amortized cost.

(f) Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated discounted cash flows utilizing the Company’s current incremental borrowing rate for similar types of instruments. Refer to the respective valuation section within this footnote for valuation information related to long-term debt that the Company measures at fair value. For level 3 debt, the terms are unique in nature or there are no similar instruments that can be used to value the instrument without using significant unobservable assumptions. In these situations, the Company reviews current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.

Unfunded loan commitments and letters of credit are not included in the table above. At March 31, 2017 and December 31, 2016, the Company had $64.2 billion and $67.2 billion, respectively, of unfunded commercial loan commitments and letters of credit. A reasonable estimate of the fair value of these instruments is the carrying value of deferred fees plus the related unfunded commitments reserve, which was a combined $73 million and $71 million at March 31, 2017 and December 31, 2016, respectively. No active trading market exists for these instruments, and the estimated fair value does not include value associated with the borrower relationship. The Company does not estimate the fair values of consumer unfunded lending commitments which can generally be canceled by providing notice to the borrower.

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Contingencies

3 Months Ended

Mar. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Contingencies

NOTE 16 – CONTINGENCIES

Litigation and Regulatory Matters

In the ordinary course of business, the Company and its subsidiaries are parties to numerous civil claims and lawsuits and subject to regulatory examinations, investigations, and requests for information. Some of these matters involve claims for substantial amounts. The Company’s experience has shown that the damages alleged by plaintiffs or claimants are often overstated, based on unsubstantiated legal theories, unsupported by facts, and/or bear no relation to the ultimate award that a court might grant. Additionally, the outcome of litigation and regulatory matters and the timing of ultimate resolution are inherently difficult to predict. These factors make it difficult for the Company to provide a meaningful estimate of the range of reasonably possible outcomes of claims in the aggregate or by individual claim. However, on a case-by-case basis, reserves are established for those legal claims in which it is probable that a loss will be incurred and the amount of such loss can be reasonably estimated. The Company's financial statements at March 31, 2017 reflect the Company's current best estimate of probable losses associated with these matters, including costs to comply with various settlement agreements, where applicable. The actual costs of resolving these claims may be substantially higher or lower than the amounts reserved.

For a limited number of legal matters in which the Company is involved, the Company is able to estimate a range of reasonably possible losses in excess of related reserves, if any. Management currently estimates these losses to range from $0 to approximately $190 million. This estimated range of reasonably possible losses represents the estimated possible losses over the life of such legal matters, which may span a currently indeterminable number of years, and is based on information available at March 31, 2017. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from this estimate. Those matters for which an estimate is not possible are not included within this estimated range; therefore, this estimated range does not represent the Company’s maximum loss exposure. Based on current knowledge, it is the opinion of management that liabilities arising from legal claims in excess of the amounts currently reserved, if any, will not have a material impact on the Company’s financial condition, results of operations, or cash flows. However, in light of the significant uncertainties involved in these matters and the large or indeterminate damages sought in some of these matters, an adverse outcome in one or more of these matters could be material to the Company’s financial condition, results of operations, or cash flows for any given reporting period.

The following is a description of certain litigation and regulatory matters:

Card Association Antitrust Litigation

The Company is a defendant, along with Visa and MasterCard, as well as several other banks, in several antitrust lawsuits challenging their practices. For a discussion regarding the Company’s involvement in this litigation matter, see Note 13, “Guarantees.”

Lehman Brothers Holdings, Inc. Litigation

Beginning in October 2008, STRH, along with other underwriters and individuals, were named as defendants in several individual and putative class action complaints filed in the U.S. District Court for the Southern District of New York and state and federal courts in Arkansas, California, Texas, and Washington. Plaintiffs alleged violations of Sections 11 and 12 of the Securities Act of 1933 and/or state law for allegedly false and misleading disclosures in connection with various debt and preferred stock offerings of Lehman Brothers Holdings, Inc. ("Lehman Brothers") and sought unspecified damages. All cases were transferred for coordination to the multi-district litigation captioned In re Lehman Brothers Equity/Debt Securities Litigation pending in the U.S. District Court for the Southern District of New York. Defendants filed a motion to dismiss all claims asserted in the class action. On July 27, 2011, the District Court granted in part and denied in part the motion to dismiss the claims against STRH and the other underwriter defendants in the class action. A settlement with the class plaintiffs was approved by the Court and the class settlement approval process was completed. A number of individual lawsuits and smaller putative class actions remained following the class settlement. STRH settled two such individual actions. The other individual lawsuits were dismissed. In two of such dismissed individual actions, the plaintiffs were unable to appeal the dismissals of their claims until their claims against a third party were resolved. In one of these individual actions, the plaintiffs filed a notice of appeal to the Second Circuit Court of Appeals, but that appeal was denied on July 8, 2016. The plaintiff filed a petition to appeal the decision to the U.S. Supreme Court, and on January 13, 2017, the U.S. Supreme Court agreed to hear the appeal. In the other individual action, no appeal has been filed.

Bickerstaff v. SunTrust Bank

This case was filed in the Fulton County State Court on July 12, 2010, and an amended complaint was filed on August 9, 2010. Plaintiff asserts that all overdraft fees charged to his account which related to debit card and ATM transactions are actually interest charges and therefore subject to the usury laws of Georgia. Plaintiff has brought claims for violations of civil and criminal usury laws, conversion, and money had and received, and purports to bring the action on behalf of all Georgia citizens who incurred such overdraft fees within the four years before the complaint was filed where the overdraft fee resulted in an interest rate being charged in excess of the usury rate. The Bank filed a motion to compel arbitration and on March 16, 2012, the Court entered an order holding that the Bank's arbitration provision is enforceable but that the named plaintiff in the case had opted out of that provision pursuant to its terms. The Court explicitly stated that it was not ruling at that time on the question of whether the named plaintiff could have opted out for the putative class members. The Bank filed an appeal of this decision, but this appeal was dismissed based on a finding that the appeal was prematurely granted. On April 8, 2013, the plaintiff filed a motion for class certification and that motion was denied on February 19, 2014. Plaintiff appealed the denial of class certification and on September 8, 2015, the Georgia Supreme Court agreed to hear the appeal. On January 4, 2016, the Georgia Supreme Court heard oral argument on the appeal. On July 8, 2016, the Georgia Supreme Court reversed the Court of Appeals of Georgia and remanded the case for further proceedings.

ERISA Class Actions

Company Stock Class Action

Beginning in July 2008, the Company and certain officers, directors, and employees of the Company were named in a class action alleging that they breached their fiduciary duties under ERISA by offering the Company's common stock as an investment option in the SunTrust Banks, Inc. 401(k) Plan (the “Plan”). The plaintiffs sought to represent all current and former Plan participants who held the Company stock in their Plan accounts from May 15, 2007 to March 30, 2011 and seek to recover alleged losses these participants supposedly incurred as a result of their investment in Company stock.

This case was originally filed in the U.S. District Court for the Southern District of Florida but was transferred to the U.S. District Court for the Northern District of Georgia, Atlanta Division (the “District Court”), in November 2008. On October 26, 2009, an amended complaint was filed. On December 9, 2009, defendants filed a motion to dismiss the amended complaint. On October 25, 2010, the District Court granted in part and denied in part defendants' motion to dismiss the amended complaint.

On April 14, 2011, the U.S. Court of Appeals for the Eleventh Circuit (“the Circuit Court”) granted defendants and plaintiffs permission to pursue interlocutory review in separate appeals. The Circuit Court subsequently stayed these appeals pending decision of a separate appeal involving The Home Depot in which substantially similar issues are presented. On May 8, 2012, the Circuit Court decided that appeal in favor of The Home Depot. On March 5, 2013, the Circuit Court issued an order remanding the case to the District Court for further proceedings in light of its decision in The Home Depot case. On September 26, 2013, the District Court granted the defendants' motion to dismiss plaintiffs' claims. Plaintiffs filed an appeal of this decision in the Circuit Court. Subsequent to the filing of this appeal, the U.S. Supreme Court decided Fifth Third Bancorp v. Dudenhoeffer, which held that employee stock ownership plan fiduciaries receive no presumption of prudence with respect to employer stock plans. The Circuit Court remanded the case back to the District Court for further proceedings in light of Dudenhoeffer. On June 18, 2015, the Court entered an order granting in part and denying in part the Company’s motion to dismiss.

On August 17, 2016, the District Court entered an order that among other things granted certain of the plaintiffs' motion for class certification. According to the Order, the class is defined as "All persons, other than Defendants and members of their immediate families, who were participants in or beneficiaries of the SunTrust Banks, Inc. 401(k) Savings Plan (the "Plan") at any time between May 15, 2007 and March 30, 2011, inclusive (the "Class Period") and whose accounts included investments in SunTrust common stock ("SunTrust Stock") during that time period and who sustained a loss to their account as a result of the investment in SunTrust Stock."

On August 1, 2016, certain non-fiduciary defendants filed a motion for summary judgment as it relates to them, which was granted by the District Court on October 5, 2016. Discovery is ongoing.

Mutual Funds Class Actions

On March 11, 2011, the Company and certain officers, directors, and employees of the Company were named in a putative class action alleging that they breached their fiduciary duties under ERISA by offering certain STI Classic Mutual Funds as investment options in the Plan. The plaintiffs purport to represent all current and former Plan participants who held the STI Classic Mutual Funds in their Plan accounts from April 2002 through December 2010 and seek to recover alleged losses these Plan participants supposedly incurred as a result of their investment in the STI Classic Mutual Funds. This action is pending in the U.S. District Court for the Northern District of Georgia, Atlanta Division (the “District Court”). On June 6, 2011, plaintiffs filed an amended complaint, and, on June 20, 2011, defendants filed a motion to dismiss the amended complaint. On March 12, 2012, the Court granted in part and denied in part the motion to dismiss. The Company filed a subsequent motion to dismiss the remainder of the case on the ground that the Court lacked subject matter jurisdiction over the remaining claims. On October 30, 2012, the Court dismissed all claims in this action. Immediately thereafter, plaintiffs' counsel initiated a substantially similar lawsuit against the Company naming two new plaintiffs and also filed an appeal of the dismissal with the U.S. Court of Appeals for the Eleventh Circuit. The Company filed a motion to dismiss in the new action and this motion was granted. On February 26, 2014, the U.S. Court of Appeals for the Eleventh Circuit upheld the District Court's dismissal. On March 18, 2014, the plaintiffs' counsel filed a motion for reconsideration with the Eleventh Circuit. On August 26, 2014, plaintiffs in the original action filed a Motion for Consolidation of Appeals requesting that the Court consider this appeal jointly with the appeal in the second action. This motion was granted on October 9, 2014 and plaintiffs filed their consolidated appeal on December 16, 2014.

On June 27, 2014, the Company and certain current and former officers, directors, and employees of the Company were named in another putative class action alleging breach of fiduciary duties associated with the inclusion of STI Classic Mutual Funds as investment options in the Plan. This case, Brown, et al. v. SunTrust Banks, Inc., et al., was filed in the U.S. District Court for the District of Columbia. On September 3, 2014, the U.S. District Court for the District of Columbia issued an order transferring the case to the U.S. District Court for the Northern District of Georgia. On November 12, 2014, the Court granted plaintiffs’ motion to stay this case until the U.S. Supreme Court issued a decision in Tibble v. Edison International. On May 18, 2015, the U.S. Supreme Court decided Tibble and held that plan fiduciaries have a duty, separate and apart from investment selection, to monitor and remove imprudent investments.

After Tibble, the cases pending on appeal were remanded to the District Court. On March 25, 2016, a consolidated amended complaint was filed, consolidating all of these pending actions into one case. The Company filed an answer to the consolidated amended complaint on June 6, 2016 and discovery is ongoing.

Intellectual Ventures II v. SunTrust Banks, Inc. and SunTrust Bank

This action was filed in the U.S. District Court for the Northern District of Georgia on July 24, 2013. Plaintiff alleges that SunTrust violates one or more of several patents held by plaintiff in connection with SunTrust’s provision of online banking services and other systems and services. Plaintiff seeks damages for alleged patent infringement of an unspecified amount, as well as attorney’s fees and expenses. The matter was stayed on October 7, 2014 pending inter partes review of a number of the claims asserted against SunTrust.

Consent Order with the Federal Reserve

On April 13, 2011, SunTrust, SunTrust Bank, and STM entered into a Consent Order with the FRB in which SunTrust, SunTrust Bank, and STM agreed to strengthen oversight of, and improve risk management, internal audit, and compliance programs concerning the residential mortgage loan servicing, loss mitigation, and foreclosure activities of STM.

On July 25, 2014, the FRB imposed a $160 million civil money penalty as a result of the FRB’s review of the Company’s residential mortgage loan servicing and foreclosure processing practices that preceded the Consent Order. The Company believes that it has fully satisfied this penalty by having provided consumer relief and certain cash payments as contemplated by the settlement with the U.S. and the States Attorneys' General regarding certain mortgage servicing claims, discussed below at “United States Mortgage Servicing Settlement.” SunTrust continues its engagement with the FRB to demonstrate compliance with its commitments under the Consent Order.

United States Mortgage Servicing Settlement

In the second quarter of 2014, STM and the U.S., through the DOJ, HUD, and Attorneys General for several states, reached a final settlement agreement related to the National Mortgage Servicing Settlement. The settlement agreement became effective on September 30, 2014 when the court entered the Consent Judgment. Pursuant to the settlements, STM made $50 million in cash payments and committed to provide $500 million of consumer relief by the fourth quarter of 2017 and to implement certain mortgage servicing standards. While subject to confirmation by the independent Office of Mortgage Settlement Oversight (“OMSO”) appointed to review and certify compliance with the provisions of the settlement, the Company believes it has fulfilled its consumer relief commitments. STM also implemented all of the prescribed servicing standards within the required timeframes. Compliance with the servicing standards continues to be monitored, tested, and reported quarterly by an internal review group and semi-annually by the OMSO. As a result, the Company does not expect to incur additional costs in satisfying its consumer relief obligations or implementation of the servicing standards associated with the settlement.

DOJ Investigation of GSE Loan Origination Practices

In January 2014, STM received notice from the DOJ of an investigation regarding the origination and underwriting of single family residential mortgage loans sold by STM to Fannie Mae and Freddie Mac. The DOJ and STM have not yet engaged in any material dialogue about how this matter may proceed and no allegations have been raised against STM. STM continues to cooperate with the investigation.

Residential Funding Company, LLC v. SunTrust Mortgage, Inc.

STM has been named as a defendant in a complaint filed December 17, 2013 in the Southern District of New York by Residential Funding Company, LLC ("RFC"), a Chapter 11 debtor-affiliate of GMAC Mortgage, LLC, alleging breaches of representations and warranties made in connection with loan sales and seeking indemnification against losses allegedly suffered by RFC as a result of such alleged breaches. The case was transferred to the United States Bankruptcy Court for the Southern District of New York. The litigation remains active in the Bankruptcy Court and discovery continues.

Thurmond, Christopher, et al. v. SunTrust Banks, Inc., et al.

STM and Twin Rivers Insurance Company ("Twin Rivers") have been named as defendants in a putative class action alleging that the companies entered into illegal “captive reinsurance” arrangements with private mortgage insurers. More specifically, plaintiffs allege that SunTrust’s selection of private mortgage insurers who agree to reinsure with Twin Rivers certain loans referred to them by SunTrust results in illegal “kickbacks” in the form of the insurance premiums paid to Twin Rivers. Plaintiffs contend that this arrangement violates the Real Estate Settlement Procedures Act (“RESPA”) and results in unjust enrichment to the detriment of borrowers. The matter was filed in February 2011 in the U.S. District Court for the Eastern District of Pennsylvania. This case had been stayed by the Court pending the outcome of Edwards v. First American Financial Corporation, a captive reinsurance case that was pending before the U.S. Supreme Court at the time. SunTrust filed a motion to dismiss the Thurmond case, which was granted in part and denied in part, allowing limited discovery surrounding the argument that the statute of limitations for certain claims should be equitably tolled. Thurmond had been stayed a second time pending a ruling in a similar case currently before the Third Circuit concerning the application of the statute of limitations. While the stay was lifted, the parties reached an agreement in principle to resolve the matter.

United States Attorney’s Office for the Southern District of New York Foreclosure Expense Investigation

STM has been cooperating with the United States Attorney's Office for the Southern District of New York (the "Southern District") in a broad-based industry investigation regarding claims for foreclosure-related expenses charged by law firms in connection with the foreclosure of loans guaranteed or insured by Fannie Mae, Freddie Mac, or FHA. The investigation relates to a private litigant qui tam lawsuit filed under seal and remains in early stages. The Southern District has not yet advised STM how it will proceed in this matter. The Southern District and STM engaged in dialogue regarding potential resolution of this matter as part of the National Mortgage Servicing Settlement, but were unable to reach agreement.

Felix v. SunTrust Mortgage, Inc.

This putative class action was filed against STM on April 4, 2016. Plaintiff alleges that STM breaches its contract with borrowers when it collects interest on FHA loans at repayment because STM fails to use an approved FHA notice form. Plaintiff also alleges that STM violates the Georgia usury statute by collecting such interest. Plaintiff attempts to bring the breach of contract claim on behalf of all borrowers and the usury claim on behalf of Georgia borrowers. Plaintiff and STM reached a settlement of the action with the class, and the U.S. District Court for the Northern District of Georgia granted preliminary approval of the settlement on September 9, 2016. The settlement terms had an insignificant impact on the Company's financial position. On February 6, 2017, the court approved the settlement and that settlement is now final.

Northern District of Georgia Investigation

On April 28, 2016, the Bank received a subpoena from the United States Attorney’s Office for the Northern District of Georgia in connection with an investigation pertaining to a suspected embezzlement by an employee of a SunTrust business client. The subpoena requests information regarding the Bank’s Anti-Money Laundering and Bank Secrecy Act compliance processes to detect such crimes by employees of business clients. The Company is cooperating with the investigation.

LR Trust v. SunTrust Banks, Inc., et al.

In November 2016, the Company and certain officers and directors were named as defendants in a shareholder derivative action alleging that defendants failed to take action related to activities at issue in the National Mortgage Servicing, HAMP, and FHA Originations settlements, and certain other legal matters or to ensure that the alleged activities in each were remedied and otherwise appropriately addressed. Plaintiff seeks an award in favor of the Company for the amount of damages sustained by the Company, disgorgement of alleged benefits obtained by defendants, and enhancements to corporate governance and internal controls. The Company filed a Motion to Dismiss the matter on February 15, 2017 and plaintiff filed its reply on April 3, 2017. The Motion to Dismiss remains pending with the court.

SEC Investment Adviser 12b-1 Fees

The SEC Division of Enforcement is investigating whether STIS committed fraud under the Investment Advisers Act ("IAA") of 1940 by purchasing mutual fund shares on behalf of clients that imposed an SEC Rule 12b-1 marketing fee on the investment, if share classes existed which did not impose such a fee, and it has informed the Company that it has made a preliminary determination to recommend that the SEC bring an enforcement action against STIS. Specifically, the proposed action would allege violations of Sections 206(1), 206(2), 206(4), and 207 of the IAA and Rule 206(4)-7 of the Code of Federal Regulations. STIS researched the extent to which alternate mutual fund classes existed that did not impose such fees, among other matters, and estimates that the amount of any reimbursements, penalties, and interest would be less than $5 million. If there is a finding or admission that STIS violated the antifraud provisions of the IAA, the Company could lose well-known seasoned issuer status and STIS' ability to earn certain investment advisory referral fees may be limited, unless and until the SEC Division of Corporation Finance grants a waiver. STIS is cooperating with the investigation and is in discussions with SEC staff regarding the matter.

XML

Business Segment Reporting

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Business Segment Reporting

NOTE 17 - BUSINESS SEGMENT REPORTING

The Company measures business activity across three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking, with functional activities included in Corporate Other. Business segments are determined based on the products and services provided or the type of client served, and they reflect the manner in which financial information is evaluated by management.

Beginning in the second quarter of 2017, the Company will realign its business segment structure from three segments to two segments based on, among other things, the manner in which financial information is evaluated by management and in conjunction with organizational changes made throughout the Company that were announced during the first quarter of 2017. Specifically, the Company plans to retain the current composition of its Wholesale Banking segment and change the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments will be combined into a single Consumer segment.

The following is a description of the segments and their primary businesses at March 31, 2017.

The Consumer Banking and Private Wealth Management segment is made up of three primary businesses:

• Consumer Banking provides services to consumers and branch-managed small business clients through an extensive network of traditional and in-store branches, ATMs, the internet (www.suntrust.com), mobile banking, and by telephone (1-800-SUNTRUST). Financial products and services offered to consumers and small business clients include deposits and payments, loans, brokerage, and various fee-based services. Discount/online and full-service brokerage products are offered to individual clients through STIS. Consumer Banking also serves as an entry point for clients and provides services for other lines of business.

• Consumer Lending offers an array of lending products to consumers and small business clients via the Company's Consumer Banking and Private Wealth Management businesses, through the internet (www.suntrust.com and www.lightstream.com), as well as through various national offices and partnerships. Products offered include home equity lines, personal credit lines and loans, direct auto, indirect auto, student lending, credit cards, and other lending products.

• PWM provides a full array of wealth management products and professional services to both individual and institutional clients including loans, deposits, brokerage, professional investment management, and trust services to clients seeking active management of their financial resources. Institutional clients are served by the Institutional Investment Solutions business. Discount/online and full-service brokerage products are offered to individual clients through STIS. PWM also includes GenSpring, which provides family office solutions to ultra-high net worth individuals and their families. Utilizing teams of multi-disciplinary specialists with expertise in investments, tax, accounting, estate planning, and other wealth management disciplines, GenSpring helps families manage and sustain wealth across multiple generations.

The Wholesale Banking segment is made up of three primary lines of business and the Treasury & Payment Solutions product group:

• CIB delivers comprehensive capital markets solutions, including advisory, capital raising, and financial risk management, with the goal of serving the needs of both public and private companies in the Wholesale Banking segment and PWM business. Investment Banking and Corporate Banking teams within CIB serve clients across the nation, offering a full suite of traditional banking and investment banking products and services to companies with annual revenues typically greater than $150 million. Investment Banking serves select industry segments including consumer and retail, energy, financial services, healthcare, industrials, and technology, media and communications. Corporate Banking serves clients across diversified industry sectors based on size, complexity, and frequency of capital markets issuance. Also managed within CIB is the Equipment Finance Group, which provides lease financing solutions (through SunTrust Equipment Finance & Leasing).

• Commercial & Business Banking offers an array of traditional banking products, including lending, cash management and investment banking solutions via STRH to commercial clients (generally clients with revenues between $1 million and $150 million), not-for-profit organizations, and governmental entities, as well as auto dealer financing (floor plan inventory financing). Also managed within Commercial & Business Banking is the Premium Assignment Corporation, which provides corporate insurance premium financing solutions.

• Commercial Real Estate provides a full range of financial solutions for commercial real estate developers, owners, and operators, including construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions via STRH. With the acquisition of the assets of Pillar in December of 2016, commercial real estate also provides multi-family agency lending and servicing, as well as loan administration, advisory, and commercial mortgage brokerage services. The Institutional Property Group business targets relationships with REITs, pension fund advisors, private funds, homebuilders, and insurance companies and the Regional business focuses on private real estate owners and developers through a regional delivery structure. Commercial Real Estate also offers tailored financing and equity investment solutions for community development and affordable housing projects through STCC, with particular expertise in Low Income Housing Tax Credits and New Market Tax Credits.

• Treasury & Payment Solutions provides SunTrust Wholesale Banking clients with services required to manage their payments and receipts, combined with the ability to manage and optimize their deposits across all aspects of their business. Treasury & Payment Solutions operates all electronic and paper payment types, including card, wire transfer, ACH, check, and cash. It also provides clients the means to manage their accounts electronically online, both domestically and internationally.

Mortgage Banking offers residential mortgage products nationally through its retail and correspondent channels, the internet (www.suntrust.com), and by telephone (1-800-SUNTRUST). These products are either sold in the secondary market, primarily with servicing rights retained, or held in the Company’s loan portfolio. Mortgage Banking also services loans for other investors, in addition to loans held in the Company’s loan portfolio.

Corporate Other includes management of the Company’s investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. Additionally, Corporate Other includes the Company's functional activities such as marketing, SunTrust online, human resources, finance, ER, legal and compliance, communications, procurement, enterprise information services, corporate real estate, and executive management.

Because business segment results are presented based on management accounting practices, the transition to the consolidated results prepared under U.S. GAAP creates certain differences, which are reflected in Reconciling Items. Business segment reporting conventions are described below:

• Net interest income-FTE – is reconciled from net interest income and is grossed-up on an FTE basis to make income from tax-exempt assets comparable to other taxable products. Segment results reflect matched maturity funds transfer pricing, which ascribes credits or charges based on the economic value or cost created by assets and liabilities of each segment. Differences between these credits and charges are captured as reconciling items. The change in this variance is generally attributable to corporate balance sheet management strategies.

• Provision/(benefit) for credit losses – represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to each segment's quarterly change in the ALLL and unfunded commitments reserve balances.

• Noninterest income – includes federal and state tax credits that are grossed-up on a pre-tax equivalent basis, related primarily to certain community development investments.

• Provision for income taxes-FTE – is calculated using a blended income tax rate for each segment and includes reversals of the tax adjustments and credits described above. The difference between the calculated provision for income taxes at the segment level and the consolidated provision for income taxes is reported as reconciling items.

The segment’s financial performance is comprised of direct financial results and allocations for various corporate functions that provide management an enhanced view of the segment’s financial performance. Internal allocations include the following:

• Operational costs – expenses are charged to segments based on a methodical activity-based costing process, which also allocates residual expenses to the segments. Generally, recoveries of these costs are reported in Corporate Other.

• Support and overhead costs – expenses not directly attributable to a specific segment are allocated based on various drivers (number of equivalent employees, number of PCs/laptops, net revenue, etc.). Recoveries for these allocations are reported in Corporate Other.

The application and development of management reporting methodologies is an active process and undergoes periodic enhancements. The implementation of these enhancements to the internal management reporting methodology may materially affect the results disclosed for each segment, with no impact on consolidated results. If significant changes to management reporting methodologies take place, the impact of these changes is quantified and prior period information is reclassified, when practicable.

Beginning in the second quarter of 2017, the Company will make certain adjustments to its internal funds transfer pricing methodology, and prior period results will be reclassified to conform to the new business segment structure.

	Three Months Ended March 31, 2017
(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Mortgage Banking		Corporate Other			Reconciling Items			Consolidated
Balance Sheets:
Average loans		$44,074		$72,451		$27,078		$67			$—			$143,670
Average consumer and commercial deposits	98,871		57,393		2,543		117			(50		)	158,874
Average total assets	49,794		85,864		31,475		34,005			3,114			204,252
Average total liabilities	99,478		63,108		2,861		15,158			(24		)	180,581
Average total equity	—		—		—		—			23,671			23,671
Statements of Income:
Net interest income		$766		$543		$113		$11			($67	)		$1,366
FTE adjustment	—		34		—		1			(1		)	34
Net interest income-FTE 1	766		577		113		12			(68		)	1,400
Provision for credit losses 2	88		31		—		—			—			119
Net interest income after provision for credit losses-FTE	678		546		113		12			(68		)	1,281
Total noninterest income	350		403		115		23			(44		)	847
Total noninterest expense	797		482		184		6			(4		)	1,465
Income before provision for income taxes-FTE	231		467		44		29			(108		)	663
Provision for income taxes-FTE 3	85		174		15		(16		)	(65		)	193
Net income including income attributable to noncontrolling interest	146		293		29		45			(43		)	470
Net income attributable to noncontrolling interest	—		—		—		2			—			2
Net income		$146		$293		$29		$43			($43	)		$468

¹ Presented on a matched maturity funds transfer price basis for the segments.

² Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

³ Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

	Three Months Ended March 31, 2016
(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Mortgage Banking			Corporate Other			Reconciling Items			Consolidated
Balance Sheets:
Average loans		$41,589		$70,773		$25,946			$64			$—			$138,372
Average consumer and commercial deposits	93,238		53,620		2,311			107			(47		)	149,229
Average total assets	47,285		84,363		29,203			30,560			1,603			193,014
Average total liabilities	93,853		59,496		2,686			13,201			(19		)	169,217
Average total equity	—		—		—			—			23,797			23,797
Statements of Income:
Net interest income		$719		$495		$120			$31			($83	)		$1,282
FTE adjustment	—		35		—			1			—			36
Net interest income-FTE 1	719		530		120			32			(83		)	1,318
Provision/(benefit) for credit losses 2	29		82		(10		)	—			—			101
Net interest income after provision/(benefit) for credit losses-FTE	690		448		130			32			(83		)	1,217
Total noninterest income	356		313		126			20			(34		)	781
Total noninterest expense	741		411		174			(4		)	(4		)	1,318
Income before provision for income taxes-FTE	305		350		82			56			(113		)	680
Provision for income taxes-FTE 3	113		131		32			16			(61		)	231
Net income including income attributable to noncontrolling interest	192		219		50			40			(52		)	449
Net income attributable to noncontrolling interest	—		—		—			2			—			2
Net income		$192		$219		$50			$38			($52	)		$447

¹ Presented on a matched maturity funds transfer price basis for the segments.

² Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

³ Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

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Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2017

Accumulated Other Comprehensive Income

NOTE 18 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

Changes in the components of AOCI, net of tax, are presented in the following table:

(Dollars in millions)	Securities AFS			Derivative Instruments			Brokered Time Deposits			Long-Term Debt			Employee Benefit Plans			Total
Three Months Ended March 31, 2017
Balance, beginning of period		($62	)		($157	)		($1	)		($7	)		($594	)		($821	)
Net unrealized gains/(losses) arising during the period	2			(16		)	—			(1		)	—			(15		)
Amounts reclassified to net income	—			(26		)	—			—			(5		)	(31		)
Other comprehensive income/(loss), net of tax	2			(42		)	—			(1		)	(5		)	(46		)
Balance, end of period		($60	)		($199	)		($1	)		($8	)		($599	)		($867	)
Three Months Ended March 31, 2016
Balance, beginning of period		$135			$87			$—			$—			($682	)		($460	)
Cumulative credit risk adjustment 1	—			—			—			(5		)	—			(5		)
Net unrealized gains/(losses) arising during the period	279			192			—			(2		)	—			469
Amounts reclassified to net income	—			(42		)	—			—			59			17
Other comprehensive income/(loss), net of tax	279			150			—			(2		)	59			486
Balance, end of period		$414			$237			$—			($7	)		($623	)		$21

¹ Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," for additional information.

Reclassifications from AOCI, and the related tax effects, are presented in the following table:

(Dollars in millions)	Three Months Ended March 31						Impacted Line Item in the Consolidated Statements of Income
Details About AOCI Components	2017			2016
Derivative Instruments:
Realized gains on cash flow hedges		($41	)		($67	)	Interest and fees on loans
Tax effect	15			25			Provision for income taxes
	(26		)	(42		)
Employee Benefit Plans:
Amortization of prior service credit	(1		)	(1		)	Employee benefits
Amortization of actuarial loss	6			6			Employee benefits
Adjustment to funded status of employee benefit obligation	(11		)	89			Other assets/other liabilities
	(6		)	94
Tax effect	1			(35		)	Provision for income taxes
	(5		)	59
Total reclassifications from AOCI to net income		($31	)		$17

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Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Accounting Policies Recently Adopted and Pending Accounting Pronouncements

Recently Issued Accounting Pronouncements

The following table summarizes ASUs recently issued by the FASB that could have a material effect on the Company's financial statements:

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Adopted in 2017 (or partially adopted previously)
ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities	The ASU amends ASC Topic 825, Financial Instruments-Overall, and addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The main provisions require investments in equity securities to be measured at fair value through net income, unless they qualify for a practicability exception, and require fair value changes arising from changes in instrument-specific credit risk for financial liabilities that are measured under the fair value option to be recognized in other comprehensive income. With the exception of disclosure requirements that will be adopted prospectively, the ASU must be adopted on a modified retrospective basis.	January 1, 2018 Early adoption is permitted beginning January 1, 2016 or 2017 for the provision related to changes in instrument-specific credit risk for financial liabilities under the FVO.	The Company early adopted the provision related to changes in instrument-specific credit risk beginning January 1, 2016, which resulted in an immaterial, cumulative effect adjustment from retained earnings to AOCI. See Note 18, "Accumulated Other Comprehensive (Loss)/Income" for additional information. The Company is evaluating the impact of the remaining provisions of this ASU on the Consolidated Financial Statements and related disclosures; however, the impact is not expected to be material.

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Not Yet Adopted
ASU 2014-09, Revenue from Contracts with Customers ASU 2015-14, Deferral of the Effective Date ASU 2016-08, Principal versus Agent Considerations ASU 2016-10, Identifying Performance Obligations and Licensing ASU 2016-12, Narrow-Scope Improvements and Practical Expedients ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers	These ASUs supersede the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the ASUs is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASUs may be adopted either retrospectively or on a modified retrospective basis to new contracts and existing contracts, with remaining performance obligations as of the effective date.	January 1, 2018 Early adoption is permitted beginning January 1, 2017.	The Company continues to evaluate the anticipated effects of these ASUs on the Consolidated Financial Statements and related disclosures. The Company has conducted a comprehensive scoping exercise to determine the revenue streams that are in the scope of these updates. Preliminary results indicate that certain noninterest income financial statement line items, including service charges on deposit accounts, card fees, other charges and fees, investment banking income, trust and investment management income, retail investment services, commercial real estate related income, and other noninterest income, contain revenue streams that are in scope of these updates. Preliminary analyses indicate that there will be a change to gross presentation of certain types of revenue and expenses within investment banking income, such as underwriting revenue and expenses; the materiality of these changes is still being assessed. Other areas are still being evaluated, such as card interchange fees, card rewards programs, and service charges on deposit accounts. The Company is in the process of developing additional quantitative and qualitative disclosures that will be required upon adoption of the new ASUs. The Company plans to adopt the standards beginning January 1, 2018 and expects to use the modified retrospective method of adoption.
ASU 2016-02, Leases	The ASU creates ASC Topic 842, Leases, and supersedes Topic 840, Leases. Topic 842 requires lessees to recognize right-of-use assets and associated liabilities that arise from leases, with the exception of short-term leases. The ASU does not make significant changes to lessor accounting; however, there were certain improvements made to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. There are several new qualitative and quantitative disclosures required. Upon transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach.	January 1, 2019 Early adoption is permitted.	The adoption of this ASU will result in an increase to the Consolidated Balance Sheets for right-of-use assets and associated lease liabilities for operating leases in which the Company is the lessee. The Company is evaluating the significance and other effects of adoption on the Consolidated Financial Statements and related disclosures.
ASU 2016-13, Measurement of Credit Losses on Financial Instruments	The ASU amends ASC Topic 326, Financial Instruments-Credit Losses, to replace the incurred loss impairment methodology with a CECL methodology for financial instruments measured at amortized cost and other commitments to extend credit. For this purpose, expected credit losses reflect losses over the remaining contractual life of an asset, considering the effect of voluntary prepayments and considering available information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The resulting allowance for credit losses reflects the portion of the amortized cost basis that the entity does not expect to collect. Additional quantitative and qualitative disclosures are required upon adoption. The CECL model does not apply to AFS debt securities; however the ASU requires entities to record an allowance when recognizing credit losses for AFS securities, rather than recording a direct write-down of the carrying amount.	January 1, 2020 Early adoption is permitted beginning January 1, 2019.	The Company has formed a cross-functional team to oversee the implementation of this ASU and it has begun to assess the required changes to its credit loss estimation methodologies. The Company is evaluating the impact this ASU will have on its Consolidated Financial Statements and related disclosures, and the Company currently anticipates that an increase to the allowance for credit losses will be recognized upon adoption to provide for the expected credit losses over the estimated life of the financial assets. However, the magnitude of the anticipated increase in the allowance for credit losses will be impacted by economic conditions and trends in the Company’s portfolio at the time of adoption.
ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business	The ASU amends ASC Topic 805, Business Combinations, to provide a more robust framework to use in determining when a set of assets and activities meets the definition of a business. The amendment indicates that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set of gross assets acquired does not represent a business. Further, a set of gross assets acquired cannot be considered a business unless it includes an input and a substantive process that together significantly contribute to the ability to create an output. The ASU should be applied on a prospective basis.	January 1, 2018 Early adoption is permitted.	This ASU will not impact the Consolidated Financial Statements and related disclosures until an asset acquisition or business combination occurs that requires an analysis to determine if the acquired assets are a business under the new guidance.

Standard	Description	Required Date of Adoption	Effect on the Financial Statements or Other Significant Matters
Standard(s) Not Yet Adopted (continued)
ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment	The ASU amends ASC Topic 350, Intangibles - Goodwill and Other, to simplify the subsequent measurement of goodwill, by eliminating Step 2 from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. Entities should recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, but the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU should be applied on a prospective basis.	January 1, 2020 Early adoption is permitted.	Based on the Company's most recent annual impairment test, there were no reporting units for which the carrying amount of the reporting unit exceeded its fair value; therefore, this ASU does not currently have an impact on the Company's Consolidated Financial Statements and related disclosures. However, if upon adoption the carrying amount of a reporting unit exceeds its fair value, the Company would be impacted by the amount of impairment recognized.
ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets	The ASU amends ASC Topic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to clarify the scope of the Topic by clarifying the definition of the term "in substance nonfinancial asset" and also adding guidance for partial sales of nonfinancial assets. Under the new guidance, an entity will derecognize a nonfinancial asset when it does not have or ceases to have a controlling interest in the legal entity that holds the asset and when control of the asset has transferred in accordance with ASC 606. The ASU can be adopted on a retrospective or modified retrospective approach.	January 1, 2018 Early adoption is permitted beginning January 1, 2017.	The Company is evaluating the impact this ASU will have on its Consolidated Financial Statements and related disclosures.

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Acquisitions/Dispositions Acquisitions/Dispositions (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Business Acquisition, Purchase Price Allocation [Line Items]

Schedule of Business Acquisition, Purchase Price Allocation [Table Text Block]

The following table presents the revised purchase price allocation at March 31, 2017, which included a $1 million reduction to other intangible assets, resulting in the recognition of $1 million of goodwill.

(Dollars in millions)	March 31, 2017
Consideration		$197
Revised Pillar purchase price allocation to:
Cash and cash equivalents		$9
LHFI	38
LHFS	182
Commercial mortgage servicing rights	62
Other intangible assets	13
Other assets	8
Other short-term borrowings	(100		)
Other liabilities	(16		)
Identified net assets acquired at fair value		$196
Goodwill		$1

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Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell (Tables)

3 Months Ended

Mar. 31, 2017

Securities Purchased under Agreements to Resell [Abstract]

Schedule of Resale Agreements [Table Text Block]

Fed funds sold and securities borrowed or purchased under agreements to resell were as follows:

(Dollars in millions)	March 31, 2017		December 31, 2016
Fed funds sold		$18		$58
Securities borrowed	362		270
Securities purchased under agreements to resell	912		979
Total Fed funds sold and securities borrowed or purchased under agreements to resell		$1,292		$1,307

Securities sold under agreements to repurchase remaining contractual maturity [Table Text Block]

Securities sold under agreements to repurchase are accounted for as secured borrowings. The following table presents the Company’s related activity, by collateral type and remaining contractual maturity:

	March 31, 2017								December 31, 2016
(Dollars in millions)	Overnight and Continuous		Up to 30 days		30-90 days		Total		Overnight and Continuous		Up to 30 days		30-90 days		Total
U.S. Treasury securities		$125		$—		$—		$125		$27		$—		$—		$27
Federal agency securities	112		25		—		137		288		24		—		312
MBS - agency	861		124		—		985		793		51		—		844
CP	82		—		—		82		49		—		—		49
Corporate and other debt securities	285		50		40		375		311		50		40		401
Total securities sold under agreements to repurchase		$1,465		$199		$40		$1,704		$1,468		$125		$40		$1,633

Netting of Financial Instruments - Repurchase Agreements [Table Text Block]

The following table includes the amount of collateral pledged or received related to exposures subject to enforceable MRAs. While these agreements are typically over-collateralized, the amount of collateral presented in this table is limited to the amount of the related recognized asset or liability for each counterparty.

(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
March 31, 2017
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,274		$—		$1,274	1		$1,262		$12
Financial liabilities:
Securities sold under agreements to repurchase	1,704		—		1,704			1,704		—
December 31, 2016
Financial assets:
Securities borrowed or purchased under agreements to resell		$1,249		$—		$1,249	1		$1,241		$8
Financial liabilities:
Securities sold under agreements to repurchase	1,633		—		1,633			1,633		—

¹ Excludes $18 million and $58 million of Fed funds sold, which are not subject to a master netting agreement at March 31, 2017 and December 31, 2016, respectively

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Trading Assets and Liabilities and Derivatives Trading Assets and Liabilities and Derivatives (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Trading Securities [Table Text Block]

The fair values of the components of trading assets and liabilities and derivative instruments are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Trading Assets and Derivative Instruments:
U.S. Treasury securities		$450		$539
Federal agency securities	361		480
U.S. states and political subdivisions	55		134
MBS - agency	560		567
CLO securities	—		1
Corporate and other debt securities	590		656
CP	491		140
Equity securities	41		49
Derivative instruments 1	863		984
Trading loans 2	2,596		2,517
Total trading assets and derivative instruments		$6,007		$6,067
Trading Liabilities and Derivative Instruments:
U.S. Treasury securities		$528		$697
MBS - agency	5		1
Corporate and other debt securities	326		255
Equity securities	5		—
Derivative instruments 1	361		398
Total trading liabilities and derivative instruments		$1,225		$1,351

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.

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

Pledged trading assets are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Pledged trading assets to secure repurchase agreements 1		$958		$968
Pledged trading assets to secure certain derivative agreements	273		471
Pledged trading assets to secure other arrangements	40		40

¹ Repurchase agreements secured by collateral totaled $918 million and $928 million at March 31, 2017 and December 31, 2016, respectively.

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Securities Available for Sale (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Securities Portfolio Composition

Securities Portfolio Composition

	March 31, 2017
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,488		$5		$71		$5,422
Federal agency securities	297		6		1		302
U.S. states and political subdivisions	319		7		4		322
MBS - agency	23,791		291		287		23,795
MBS - non-agency residential	68		3		—		71
MBS - non-agency commercial	539		1		6		534
ABS	7		2		—		9
Corporate and other debt securities	34		—		—		34
Other equity securities 1	638		1		1		638
Total securities AFS		$31,181		$316		$370		$31,127
	December 31, 2016
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,486		$5		$86		$5,405
Federal agency securities	310		5		2		313
U.S. states and political subdivisions	279		5		5		279
MBS - agency	23,642		313		293		23,662
MBS - non-agency residential	71		3		—		74
MBS - non-agency commercial	257		—		5		252
ABS	8		2		—		10
Corporate and other debt securities	34		1		—		35
Other equity securities 1	642		1		1		642
Total securities AFS		$30,729		$335		$392		$30,672

¹ At March 31, 2017, the fair value of other equity securities was comprised of the following: $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $119 million of mutual fund investments, and $6 million of other.

At December 31, 2016, the fair value of other equity securities was comprised of the following: $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $102 million of mutual fund investments, and $6 million of other.

Investment Income [Table Text Block]

The following table presents interest and dividends on securities AFS:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
Taxable interest		$180		$159
Tax-exempt interest	2		1
Dividends	5		3
Total interest and dividends on securities AFS		$187		$163

Amortized Cost and Fair Value of Investments in Debt Securities by Estimated Average Life

The following table presents the amortized cost, fair value, and weighted average yield of investments in debt securities AFS at March 31, 2017, by remaining contractual maturity, with the exception of MBS and ABS, which are based on estimated average life. Receipt of cash flows may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.

	Distribution of Remaining Maturities
(Dollars in millions)	Due in 1 Year or Less			Due After 1 Year through 5 Years			Due After 5 Years through 10 Years			Due After 10 Years			Total
Amortized Cost:
U.S. Treasury securities		$—			$2,345			$3,143			$—			$5,488
Federal agency securities	110			82			7			98			297
U.S. states and political subdivisions	9			32			117			161			319
MBS - agency	1,709			7,000			14,287			795			23,791
MBS - non-agency residential	—			68			—			—			68
MBS - non-agency commercial	20			12			492			15			539
ABS	—			7			—			—			7
Corporate and other debt securities	15			19			—			—			34
Total debt securities AFS		$1,863			$9,565			$18,046			$1,069			$30,543
Fair Value:
U.S. Treasury securities		$—			$2,334			$3,088			$—			$5,422
Federal agency securities	112			85			7			98			302
U.S. states and political subdivisions	9			33			122			158			322
MBS - agency	1,802			7,119			14,088			786			23,795
MBS - non-agency residential	—			71			—			—			71
MBS - non-agency commercial	20			12			486			16			534
ABS	—			9			—			—			9
Corporate and other debt securities	15			19			—			—			34
Total debt securities AFS		$1,958			$9,682			$17,791			$1,058			$30,489
Weighted average yield 1	3.16		%	2.32		%	2.60		%	2.98		%	2.56		%

¹ Weighted average yields are based on amortized cost.

Securities in a Continuous Unrealized Loss Position

Securities AFS in an unrealized loss position at period end are presented in the following tables:

	March 31, 2017
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized Losses 2		Fair Value		Unrealized Losses 2		Fair Value		Unrealized Losses 2
Temporarily impaired securities AFS:
U.S. Treasury securities		$4,108		$71		$—		$—		$4,108		$71
Federal agency securities	94		1		3		—		97		1
U.S. states and political subdivisions	147		4		—		—		147		4
MBS - agency	14,445		280		500		7		14,945		287
MBS - non-agency commercial	325		6		—		—		325		6
ABS	—		—		5		—		5		—
Corporate and other debt securities	11		—		—		—		11		—
Other equity securities	—		—		4		1		4		1
Total temporarily impaired securities AFS	19,130		362		512		8		19,642		370
OTTI securities AFS 1:
MBS - non-agency residential	—		—		16		—		16		—
ABS	—		—		1		—		1		—
Total OTTI securities AFS	—		—		17		—		17		—
Total impaired securities AFS		$19,130		$362		$529		$8		$19,659		$370

¹ OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

² Unrealized losses less than $0.5 million are presented as zero within the table.

	December 31, 2016
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized  Losses 2		Fair Value		Unrealized Losses 2		Fair Value		Unrealized  Losses 2
Temporarily impaired securities AFS:
U.S. Treasury securities		$4,380		$86		$—		$—		$4,380		$86
Federal agency securities	96		2		3		—		99		2
U.S. states and political subdivisions	149		5		—		—		149		5
MBS - agency	14,622		285		451		8		15,073		293
MBS - non-agency commercial	184		5		—		—		184		5
ABS	—		—		5		—		5		—
Corporate and other debt securities	12		—		—		—		12		—
Other equity securities	—		—		4		1		4		1
Total temporarily impaired securities AFS	19,443		383		463		9		19,906		392
OTTI securities AFS 1:
MBS - non-agency residential	16		—		—		—		16		—
ABS	—		—		1		—		1		—
Total OTTI securities AFS	16		—		1		—		17		—
Total impaired securities AFS		$19,459		$383		$464		$9		$19,923		$392

¹ OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

² Unrealized losses less than $0.5 million are presented as zero within the table.

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Loans (Tables)

3 Months Ended

Mar. 31, 2017

Accounts, Notes, Loans and Financing Receivable [Line Items]

Composition of Loan Portfolio

(Dollars in millions)	March 31, 2017		December 31, 2016
Commercial loans:
C&I		$68,971		$69,213
CRE	5,067		4,996
Commercial construction	4,215		4,015
Total commercial loans	78,253		78,224
Residential loans:
Residential mortgages - guaranteed	549		537
Residential mortgages - nonguaranteed 1	26,110		26,137
Residential home equity products	11,511		11,912
Residential construction	380		404
Total residential loans	38,550		38,990
Consumer loans:
Guaranteed student	6,396		6,167
Other direct	7,904		7,771
Indirect	11,067		10,736
Credit cards	1,359		1,410
Total consumer loans	26,726		26,084
LHFI		$143,529		$143,298
LHFS 2		$2,109		$4,169

¹ Includes $221 million and $222 million of LHFI measured at fair value at March 31, 2017 and December 31, 2016, respectively.

² Includes $1.8 billion and $3.5 billion of LHFS measured at fair value at March 31, 2017 and December 31, 2016, respectively.

LHFI by Credit Quality Indicator

LHFI by credit quality indicator are presented in the following tables:

	Commercial Loans
	C&I				CRE				Commercial Construction
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Risk rating:
Pass		$66,776		$66,920		$4,738		$4,574		$4,070		$3,914
Criticized accruing	1,867		1,903		323		415		127		84
Criticized nonaccruing	328		390		6		7		18		17
Total		$68,971		$69,213		$5,067		$4,996		$4,215		$4,015

	Residential Loans 1
	Residential Mortgages - Nonguaranteed				Residential Home Equity Products				Residential Construction
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current FICO score range:
700 and above		$22,137		$22,194		$9,506		$9,826		$322		$292
620 - 699	3,037		3,042		1,468		1,540		47		96
Below 620 2	936		901		537		546		11		16
Total		$26,110		$26,137		$11,511		$11,912		$380		$404

	Consumer Loans 3
	Other Direct				Indirect				Credit Cards
(Dollars in millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current FICO score range:
700 and above		$7,119		$7,008		$7,945		$7,642		$927		$974
620 - 699	736		703		2,368		2,381		347		351
Below 620 2	49		60		754		713		85		85
Total		$7,904		$7,771		$11,067		$10,736		$1,359		$1,410

¹ Excludes $549 million and $537 million of guaranteed residential loans at March 31, 2017 and December 31, 2016, respectively.

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 $6.4 billion and $6.2 billion of guaranteed student loans at March 31, 2017 and December 31, 2016, respectively.

Payment Status for the LHFI Portfolio

The payment status for the LHFI portfolio is presented in the following tables:

	March 31, 2017
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$68,601		$31		$11		$328		$68,971
CRE	5,057		2		2		6		5,067
Commercial construction	4,197		—		—		18		4,215
Total commercial loans	77,855		33		13		352		78,253
Residential loans:
Residential mortgages - guaranteed	171		55		323		—		549
Residential mortgages - nonguaranteed 1	25,854		67		10		179		26,110
Residential home equity products	11,201		73		—		237		11,511
Residential construction	367		1		—		12		380
Total residential loans	37,593		196		333		428		38,550
Consumer loans:
Guaranteed student	4,862		667		867		—		6,396
Other direct	7,865		31		3		5		7,904
Indirect	10,972		91		—		4		11,067
Credit cards	1,338		10		11		—		1,359
Total consumer loans	25,037		799		881		9		26,726
Total LHFI		$140,485		$1,028		$1,227		$789		$143,529

¹ Includes $221 million of loans measured at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $348 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs, performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans. 

	December 31, 2016
(Dollars in millions)	Accruing Current		Accruing 30-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccruing 2		Total
Commercial loans:
C&I		$68,776		$35		$12		$390		$69,213
CRE	4,988		1		—		7		4,996
Commercial construction	3,998		—		—		17		4,015
Total commercial loans	77,762		36		12		414		78,224
Residential loans:
Residential mortgages - guaranteed	155		55		327		—		537
Residential mortgages - nonguaranteed 1	25,869		84		7		177		26,137
Residential home equity products	11,596		81		—		235		11,912
Residential construction	389		3		—		12		404
Total residential loans	38,009		223		334		424		38,990
Consumer loans:
Guaranteed student	4,637		603		927		—		6,167
Other direct	7,726		35		4		6		7,771
Indirect	10,608		126		1		1		10,736
Credit cards	1,388		12		10		—		1,410
Total consumer loans	24,359		776		942		7		26,084
Total LHFI		$140,130		$1,035		$1,288		$845		$143,298

¹ Includes $222 million of loans measured at fair value, the majority of which were accruing current.

² Nonaccruing loans past due 90 days or more totaled $360 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans.

LHFI Considered Impaired

	March 31, 2017						December 31, 2016
(Dollars in millions)	Unpaid Principal Balance		Amortized  Cost 1		Related Allowance		Unpaid Principal Balance			Amortized  Cost 1			Related Allowance
Impaired loans with no related allowance recorded:
Commercial loans:
C&I		$255		$187		$—		$266			$214			$—
Total commercial loans	255		187		—		266			214			—
Residential loans:
Residential mortgages - nonguaranteed	468		362		—		466			360			—
Residential construction	16		8		—		16			8			—
Total residential loans	484		370		—		482			368			—
Impaired loans with an allowance recorded:
Commercial loans:
C&I	203		148		25		225			151			31
CRE	26		17		5		26			17			2
Total commercial loans	229		165		30		251			168			33
Residential loans:
Residential mortgages - nonguaranteed	1,239		1,211		141		1,277			1,248			150
Residential home equity products	894		829		57		863			795			54
Residential construction	105		105		10		109			107			11
Total residential loans	2,238		2,145		208		2,249			2,150			215
Consumer loans:
Other direct	59		59		1		59		2	59		2	1
Indirect	106		105		6		103			103			5
Credit cards	24		6		1		24			6			1
Total consumer loans	189		170		8		186			168			7
Total impaired loans		$3,395		$3,037		$246		$3,434			$3,068			$255

¹ Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to adjust the net book balance.

² Includes $41 million of TDRs that were modified prior to 2016 and reclassified as TDRs in the fourth quarter of 2016.

Included in the impaired loan balances above at both March 31, 2017 and December 31, 2016 were $2.5 billion of accruing TDRs at amortized cost, of which 98% and 97% were current, respectively. See Note 1, “Significant Accounting Policies,” to the Company's 2016 Annual Report on Form 10-K for further information regarding the Company’s loan impairment policy.

	Three Months Ended March 31
	2017				2016
(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		$240		$1		$364		$2
CRE	—		—		3		—
Total commercial loans	240		1		367		2
Residential loans:
Residential mortgages - nonguaranteed	360		4		387		4
Residential construction	8		—		8		—
Total residential loans	368		4		395		4
Impaired loans with an allowance recorded:
Commercial loans:
C&I	165		1		161		—
CRE	17		—		—		—
Total commercial loans	182		1		161		—
Residential loans:
Residential mortgages - nonguaranteed	1,216		15		1,339		16
Residential home equity products	833		8		705		7
Residential construction	105		1		120		2
Total residential loans	2,154		24		2,164		25
Consumer loans:
Other direct	58		1		12		—
Indirect	108		1		115		1
Credit cards	6		—		6		—
Total consumer loans	172		2		133		1
Total impaired loans		$3,116		$32		$3,220		$32

¹ Of the interest income recognized during the three months ended March 31, 2017 and 2016, cash basis interest income was less than $1 million and $2 million, respectively.

Nonperforming Assets

NPAs are presented in the following table:

(Dollars in millions)	March 31, 2017		December 31, 2016
Nonaccrual/NPLs:
Commercial loans:
C&I		$328		$390
CRE	6		7
Commercial construction	18		17
Residential loans:
Residential mortgages - nonguaranteed	179		177
Residential home equity products	237		235
Residential construction	12		12
Consumer loans:
Other direct	5		6
Indirect	4		1
Total nonaccrual/NPLs 1	789		845
OREO 2	62		60
Other repossessed assets	7		14
Total NPAs		$858		$919

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

² Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by the VA. Proceeds due from the FHA and the VAare recorded as a receivable in other assets in the Consolidated Balance Sheets until the property is conveyed and the funds are received. The receivable related to proceeds due from theFHA or the VA totaled $50 million at both March 31, 2017 and December 31, 2016.

TDR Modifications

	Three Months Ended March 31, 2017 1
(Dollars in millions)	Number of Loans Modified	Principal Forgiveness 2		Rate Modification		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	24		$—		$—		$41		$41
Residential loans:
Residential mortgages - nonguaranteed	34	1		4		1		6
Residential home equity products	695	—		—		67		67
Consumer loans:
Other direct	110	—		—		1		1
Indirect	581	—		—		14		14
Credit cards	189	—		1		—		1
Total TDRs	1,633		$1		$5		$124		$130

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

² Restructured loans which had forgiveness of amounts contractually due under the terms of the loan may have had other concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during the three months ended March 31, 2017 was immaterial.

	Three Months Ended March 31, 2016 1
(Dollars in millions)	Number of Loans Modified	Rate Modification		Term Extension and/or Other Concessions		Total
Commercial loans:
C&I	12		$—		$2		$2
Commercial construction	1	—		—		—
Residential loans:
Residential mortgages - nonguaranteed	120	31		3		34
Residential home equity products	732	7		52		59
Consumer loans:
Other direct	23	—		1		1
Indirect	486	—		11		11
Credit cards	169	1		—		1
Total TDRs	1,543		$39		$69		$108

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

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Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2017

Allowance for Credit Losses [Abstract]

Activity in the Allowance for Credit Losses

The allowance for credit losses consists of the ALLL and the unfunded commitments reserve. Activity in the allowance for credit losses is summarized in the following table:

	Three Months Ended March 31
(Dollars in millions)	2017			2016
Balance, beginning of period		$1,776			$1,815
Provision for loan losses	117			103
Provision/(benefit) for unfunded commitments	2			(2		)
Loan charge-offs	(146		)	(112		)
Loan recoveries	34			27
Balance, end of period		$1,783			$1,831
Components:
ALLL		$1,714			$1,770
Unfunded commitments reserve 1	69			61
Allowance for credit losses		$1,783			$1,831

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

Activity in the ALLL by Segment

Activity in the ALLL by loan segment is presented in the following tables:

	Three Months Ended March 31, 2017
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,124			$369			$216			$1,709
Provision for loan losses	46			5			66			117
Loan charge-offs	(63		)	(29		)	(54		)	(146		)
Loan recoveries	13			9			12			34
Balance, end of period		$1,120			$354			$240			$1,714
	Three Months Ended March 31, 2016
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,047			$534			$171			$1,752
Provision/(benefit) for loan losses	98			(32		)	37			103
Loan charge-offs	(32		)	(41		)	(39		)	(112		)
Loan recoveries	10			6			11			27
Balance, end of period		$1,123			$467			$180			$1,770

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

The Company’s LHFI portfolio and related ALLL is presented in the following tables:

	March 31, 2017
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$352		$30		$2,515		$208		$170		$8		$3,037		$246
Collectively evaluated	77,901		1,090		35,814		146		26,556		232		140,271		1,468
Total evaluated	78,253		1,120		38,329		354		26,726		240		143,308		1,714
LHFI at fair value	—		—		221		—		—		—		221		—
Total LHFI		$78,253		$1,120		$38,550		$354		$26,726		$240		$143,529		$1,714

	December 31, 2016
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$382		$33		$2,518		$215		$168		$7		$3,068		$255
Collectively evaluated	77,842		1,091		36,250		154		25,916		209		140,008		1,454
Total evaluated	78,224		1,124		38,768		369		26,084		216		143,076		1,709
LHFI at fair value	—		—		222		—		—		—		222		—
Total LHFI		$78,224		$1,124		$38,990		$369		$26,084		$216		$143,298		$1,709

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Total
Balance, January 1, 2017		$4,262		$2,075		$6,337
Measurement period adjustment related to the acquisition of Pillar	—		1		1
Balance, March 31, 2017		$4,262		$2,076		$6,338

Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block]

Changes in the carrying amounts of other intangible assets for the three months ended March 31 are presented in the following table:

(Dollars in millions)	MSRs - Fair Value			Other			Total
Balance, January 1, 2017		$1,572			$85			$1,657
Amortization 1	—			(5		)	(5		)
Servicing rights originated	96			5			101
Changes in fair value:
Due to changes in inputs and assumptions 2	27			—			27
Other changes in fair value 3	(50		)	—			(50		)
Other 4	—			(1		)	(1		)
Balance, March 31, 2017		$1,645			$84			$1,729
Balance, January 1, 2016		$1,307			$18			$1,325
Amortization 1	—			(2		)	(2		)
Servicing rights originated	46			—			46
Servicing rights purchased	77			—			77
Changes in fair value:
Due to changes in inputs and assumptions 2	(204		)	—			(204		)
Other changes in fair value 3	(43		)	—			(43		)
Servicing rights sold	(1		)	—			(1		)
Balance, March 31, 2016		$1,182			$16			$1,198

¹ Does not include expense associated with non-qualified community development investments. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.

² Primarily reflects changes in option adjusted spreads and prepayment speed assumptions, due to changes in interest rates.

³ Represents changes due to the collection of expected cash flows, net of accretion due to the passage of time.

Key Characteristics, Inputs, and Economic Assumptions Used to Estimate the Fair Value of the Company's MSRs

(Dollars in millions)	March 31, 2017			December 31, 2016
Fair value of MSRs		$1,645			$1,572
Prepayment rate assumption (annual)	13		%	9		%
Decline in fair value from 10% adverse change		$57			$50
Decline in fair value from 20% adverse change	109			97
Option adjusted spread (annual)	8		%	8		%
Decline in fair value from 10% adverse change		$76			$63
Decline in fair value from 20% adverse change	144			122
Weighted-average life (in years)	5.3			7.0
Weighted-average coupon	4.0		%	4.0		%

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Certain Transfers of Financial Assets and Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2017

Certain Transfers of Financial Assets and Variable Interest Entities [Abstract]

Portfolio Balances and Delinquency Balances Based on 90 Days or More Past Due and Net Charge-offs Related to Managed Portfolio Loans

The Company's total managed loans, including the LHFI portfolio and other transferred loans (securitized and unsecuritized), are presented in the following table by portfolio balance and delinquency status (accruing loans 90 days or more past due and all nonaccrual loans) at March 31, 2017 and December 31, 2016, as well as the related net charge-offs for the three months ended March 31, 2017 and 2016.

	Portfolio Balance				Past Due and Nonaccrual				Net Charge-offs
	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016		Three Months Ended March 31
(Dollars in millions)									2017			2016
LHFI portfolio:
Commercial		$78,253		$78,224		$365		$426		$50			$22
Residential	38,550		38,990		761		758		20			35
Consumer	26,726		26,084		890		949		42			28
Total LHFI portfolio	143,529		143,298		2,016		2,133		112			85
Managed securitized loans 1:
Commercial 2	5,060		4,761		—		—		—			—
Residential	132,805		126,641		131		114		2		3	2		3
Consumer	448		512		1		1		1			1
Total managed securitized loans	138,313		131,914		132		115		3			3
Managed unsecuritized loans 4	2,828		2,985		415		438		—			—
Total managed loans		$284,670		$278,197		$2,563		$2,686		$115			$88

¹ Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

² Comprised of commercial mortgages sold through Fannie Mae, Freddie Mac, and Ginnie Mae securitizations, whereby servicing has been retained by the Company.

³ Net charge-offs are associated with $392 million and $410 million of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively. Net charge-off data is not reported to the Company for the remaining balance of $132.4 billion and $126.2 billion of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively.

⁴ Comprised of unsecuritized residential loans the Company originated and sold to private investors with servicing rights retained. Net charge-offs on these loans are not presented in the table as the data is not reported to the Company by the private investors that own these related loans.

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Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders

Reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding are presented in the following table.

	Three Months Ended March 31
(Dollars and shares in millions, except per share data)	2017			2016
Net income		$468			$447
Preferred dividends	(17		)	(17		)
Dividends and undistributed earnings allocated to unvested shares	—			—
Net income available to common shareholders		$451			$430
Average basic common shares	490			505
Effect of dilutive securities:
Stock options	1			2
Restricted stock, RSUs, and warrants	5			3
Average diluted common shares	496			510
Net income per average common share - diluted		$0.91			$0.84
Net income per average common share - basic	0.92			0.85

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Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2017

Employee Benefit Plans [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

Stock-based compensation expense recognized in noninterest expense consisted of the following:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
RSUs		$34		$18
Phantom stock units 1	24		7
Restricted stock	—		2
Total stock-based compensation		$58		$27
Stock-based compensation tax benefit		$22		$10

¹ Phantom stock units are settled in cash.

Schedule of Net Benefit Costs [Table Text Block]

Components of net periodic benefit related to the Company's pension and other postretirement benefits plans are presented in the following table:

	Three Months Ended March 31
	Pension Benefits 1						Other Postretirement Benefits
(Dollars in millions)	2017			2016			2017			2016
Service cost		$1			$1			$—			$—
Interest cost	24			24			—			—
Expected return on plan assets	(48		)	(46		)	(1		)	(1		)
Amortization of prior service credit	—			—			(1		)	(1		)
Amortization of actuarial loss	6			6			—			—
Net periodic benefit		($17	)		($15	)		($2	)		($2	)

¹ Administrative fees are recognized in service cost for each of the periods presented.

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Guarantees (Tables)

3 Months Ended

Mar. 31, 2017

Guarantees [Abstract]

Repurchase Requests [Table Text Block]

Repurchase requests from GSEs, Ginnie Mae, and non-agency investors, for all vintages, are presented in the following table that summarizes demand activity.

	Three Months Ended March 31
(Dollars in millions)	2017			2016
Pending repurchase requests, beginning of period		$14			$17
Repurchase requests received	10			11
Repurchase requests resolved:
Repurchased	(4		)	(5		)
Cured	(14		)	(9		)
Total resolved	(18		)	(14		)
Pending repurchase requests, end of period 1		$6			$14
Percent from non-agency investors:
Pending repurchase requests, end of period	11.5		%	32.6		%
Repurchase requests received	6.8		%	—		%

¹ Comprised of $5 million and $9 million from the GSEs, and $1 million and $5 million from non-agency investors at March 31, 2017 and 2016, respectively.

Mortgage Loan Repurchase Losses [Table Text Block]

The following table summarizes the changes in the Company’s reserve for residential mortgage loan repurchases:

	Three Months Ended March 31
(Dollars in millions)	2017		2016
Balance, beginning of period		$40		$57
Repurchase provision/(benefit)	—		(2		)
Balance, end of period		$40		$55

Repurchased Mortgage Loan [Table Text Block]

The following table summarizes the carrying value of the Company's outstanding repurchased mortgage loans:

(Dollars in millions)	March 31, 2017		December 31, 2016
Outstanding repurchased mortgage loans:
Performing LHFI		$222		$230
Nonperforming LHFI	13		12
Total carrying value of outstanding repurchased mortgage loans		$235		$242

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Positions

The following tables present the Company’s derivative positions at March 31, 2017 and December 31, 2016. The notional amounts in the tables are presented on a gross basis and have been classified within derivative assets or derivative liabilities based on the estimated fair value of the individual contract at March 31, 2017 and December 31, 2016. Gross positive and gross negative fair value amounts associated with respective notional amounts are presented without consideration of any netting agreements, including collateral arrangements. Net fair value derivative amounts are adjusted on an aggregate basis, where applicable, to take into consideration the effects of legally enforceable master netting agreements, including any cash collateral received or paid, and are recognized in trading assets and derivative instruments or trading liabilities and derivative instruments on the Consolidated Balance Sheets. For contracts constituting a combination of options that contain a written option and a purchased option (such as a collar), the notional amount of each option is presented separately, with the purchased notional amount generally being presented as a derivative asset and the written notional amount being presented as a derivative liability. For contracts that contain a combination of options, the fair value is generally presented as a single value with the purchased notional amount if the combined fair value is positive, and with the written notional amount if the combined fair value is negative.

	March 31, 2017
	Asset Derivatives					Liability Derivatives
(Dollars in millions)	Notional Amounts		Fair Value			Notional Amounts		Fair Value
Derivative instruments designated in cash flow hedging relationships 1
Interest rate contracts hedging floating rate loans		$4,850		$4			$10,600		$248
Derivative instruments designated in fair value hedging relationships 2
Interest rate contracts hedging fixed rate debt	1,250		6			3,660		42
Interest rate contracts hedging brokered CDs	30		—			60		—
Total	1,280		6			3,720		42
Derivative instruments not designated as hedging instruments 3
Interest rate contracts hedging:
MSRs 4	9,608		84			20,242		115
LHFS, IRLCs 5	3,718		16			6,649		25
LHFI	110		2			51		1
Trading activity 6	67,926		1,253			68,532		1,165
Foreign exchange rate contracts hedging trading activity	3,598		119			3,632		112
Credit contracts hedging:
Loans	15		—			495		6
Trading activity 7	2,107		28			2,125		24
Equity contracts hedging trading activity 6	22,852		2,290			36,432		2,684
Other contracts:
IRLCs and other 8	2,618		32			239		15
Commodity derivatives	831		53			828		50
Total	113,383		3,877			139,225		4,197
Total derivative instruments		$119,513		$3,887			$153,545		$4,487
Total gross derivative instruments, before netting				$3,887					$4,487
Less: Legally enforceable master netting agreements			(2,747		)			(2,747		)
Less: Cash collateral received/paid			(277		)			(1,379		)
Total derivative instruments, after netting				$863					$361

¹ See “Cash Flow Hedges” in this Note for further discussion.

² See “Fair Value Hedges” in this Note for further discussion.

³ See “Economic Hedging and Trading Activities” in this Note for further discussion.

⁴ Amount includes $7.9 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁵ Amount includes $913 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁶ Amounts include $11.6 billion of notional amounts related to interest rate futures and $710 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

⁷ Asset and liability amounts include $4 million and $12 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

⁸ Includes $49 million notional amount that is based on the 3.2 million of VisaClass B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

	December 31, 2016
	Asset Derivatives					Liability Derivatives
(Dollars in millions)	Notional Amounts		Fair Value			Notional Amounts		Fair Value
Derivative instruments designated in cash flow hedging relationships 1
Interest rate contracts hedging floating rate loans		$6,400		$34			$11,050		$265
Derivative instruments designated in fair value hedging relationships 2
Interest rate contracts hedging fixed rate debt	600		2			4,510		81
Interest rate contracts hedging brokered CDs	60		—			30		—
Total	660		2			4,540		81
Derivative instruments not designated as hedging instruments 3
Interest rate contracts hedging:
MSRs 4	12,165		413			18,774		335
LHFS, IRLCs 5	11,774		134			8,306		58
LHFI	100		2			36		1
Trading activity 6	70,599		1,536			67,477		1,401
Foreign exchange rate contracts hedging trading activity	3,231		161			3,360		148
Credit contracts hedging:
Loans	15		—			620		8
Trading activity 7	2,128		34			2,271		33
Equity contracts hedging trading activity 6	23,164		2,095			35,312		2,477
Other contracts:
IRLCs and other 8	2,412		28			668		22
Commodity derivatives	747		75			746		73
Total	126,335		4,478			137,570		4,556
Total derivative instruments		$133,395		$4,514			$153,160		$4,902
Total gross derivative instruments, before netting				$4,514					$4,902
Less: Legally enforceable master netting agreements			(3,239		)			(3,239		)
Less: Cash collateral received/paid			(291		)			(1,265		)
Total derivative instruments, after netting				$984					$398

¹ See “Cash Flow Hedges” in this Note for further discussion.

² See “Fair Value Hedges” in this Note for further discussion.

³ See “Economic Hedging and Trading Activities” in this Note for further discussion.

⁴ Amount includes $6.7 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁵ Amount includes $720 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

⁶ Amounts include $12.3 billion of notional amounts related to interest rate futures and $629 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

⁷ Asset and liability amounts include $5 million and $13 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

⁸ Includes $49 million notional amount that is based on the 3.2 million of VisaClass B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

^[1]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The impacts of derivative instruments on the Consolidated Statements of Income and the Consolidated Statements of Shareholders’ Equity for the three months ended March 31 are presented in the following tables. The impacts are segregated between derivatives that are designated in hedge accounting relationships and those that are used for economic hedging or trading purposes, with further identification of the underlying risks in the derivatives and the hedged items, where appropriate. The tables do not disclose the financial impact of the activities that these derivative instruments are intended to hedge.

	Three Months Ended March 31, 2017
(Dollars in millions)	Amount of  Pre-tax Loss Recognized in OCI on Derivatives (Effective Portion)			Amount of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)		Classification of Pre-tax Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging floating rate loans 1		($25	)		$23	Interest and fees on loans

¹ During the three months endedMarch 31, 2017, the Company also reclassified $18 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

	Three Months Ended March 31, 2017
(Dollars in millions)	Amount of Loss on Derivatives Recognized in Income			Amount of Gain on Related Hedged Items Recognized in Income		Amount of Gain Recognized in Income on Hedges (Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1		($11	)		$13		$2
Interest rate contracts hedging brokered CDs 1	—			—		—
Total		($11	)		$13		$2

¹ Amounts are recognized in trading income in the Consolidated Statements of Income.

(Dollars in millions)	Classification of (Loss)/Gain Recognized in Income on Derivatives	Amount of (Loss)/Gain Recognized in Income on Derivatives During the Three Months Ended March 31, 2017
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs	Mortgage servicing related income		($18	)
LHFS, IRLCs	Mortgage production related income	(15		)
Trading activity	Trading income	11
Foreign exchange rate contracts hedging trading activity	Trading income	(6		)
Credit contracts hedging:
Loans	Other noninterest income	(1		)
Trading activity	Trading income	5
Other contracts:
IRLCs and other	Mortgage production related income, Commercial real estate related income	48
Commodity derivatives	Trading income	1
Total			$25

	Three Months Ended March 31, 2016
(Dollars in millions)	Amount of  Pre-tax Gain Recognized in OCI on Derivatives (Effective Portion)		Amount of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)		Classification of Pre-tax Gain Reclassified from AOCI into Income (Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging floating rate loans 1		$306		$38	Interest and fees on loans

¹ During the three months endedMarch 31, 2016, the Company also reclassified $29 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

	Three Months Ended March 31, 2016
(Dollars in millions)	Amount of Loss on Derivatives Recognized in Income			Amount of Gain on Related Hedged Items Recognized in Income		Amount of Gain Recognized in Income on Hedges (Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1		($2	)		$3		$1
Interest rate contracts hedging brokered CDs 1	—			—		—
Total		($2	)		$3		$1

¹ Amounts are recognized in trading income in the Consolidated Statements of Income.

(Dollars in millions)	Classification of Gain/(Loss) Recognized in Income on Derivatives	Amount of Gain/(Loss) Recognized in Income on Derivatives During the Three Months Ended March 31, 2016
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs	Mortgage servicing related income		$169
LHFS, IRLCs	Mortgage production related income	(62		)
LHFI	Other noninterest income	(2		)
Trading activity	Trading income	15
Foreign exchange rate contracts hedging trading activity	Trading income	(18		)
Credit contracts hedging:
Loans	Other noninterest income	(1		)
Trading activity	Trading income	5
Equity contracts hedging trading activity	Trading income	2
Other contracts:
IRLCs	Mortgage production related income	45
Commodity derivatives	Trading income	1
Total			$154

Netting of financial instruments - derivatives [Table Text Block]

The following tables present total gross derivative instrument assets and liabilities at March 31, 2017 and December 31, 2016, which are adjusted to reflect the effects of legally enforceable master netting agreements and cash collateral received or paid when calculating the net amount reported in the Consolidated Balance Sheets. Also included in the tables are financial instrument collateral related to legally enforceable master netting agreements that represents securities collateral received or pledged and customer cash collateral held at third party custodians. These amounts are not offset on the Consolidated Balance Sheets but are shown as a reduction to total derivative instrument assets and liabilities to derive net derivative assets and liabilities. These amounts are limited to the derivative asset/liability balance, and accordingly, do not include excess collateral received/pledged.

(Dollars in millions)	Gross Amount		Amount Offset		Net Amount Presented in Consolidated Balance Sheets			Held/Pledged Financial Instruments		Net Amount
March 31, 2017
Derivative instrument assets:
Derivatives subject to master netting arrangement or similar arrangement		$3,570		$2,899		$671			$47		$624
Derivatives not subject to master netting arrangement or similar arrangement	32		—		32			—		32
Exchange traded derivatives	285		125		160			—		160
Total derivative instrument assets		$3,887		$3,024		$863	1		$47		$816
Derivative instrument liabilities:
Derivatives subject to master netting arrangement or similar arrangement		$4,262		$4,001		$261			$41		$220
Derivatives not subject to master netting arrangement or similar arrangement	98		—		98			—		98
Exchange traded derivatives	127		125		2			—		2
Total derivative instrument liabilities		$4,487		$4,126		$361	2		$41		$320
December 31, 2016
Derivative instrument assets:
Derivatives subject to master netting arrangement or similar arrangement		$4,193		$3,384		$809			$48		$761
Derivatives not subject to master netting arrangement or similar arrangement	27		—		27			—		27
Exchange traded derivatives	294		146		148			—		148
Total derivative instrument assets		$4,514		$3,530		$984	1		$48		$936
Derivative instrument liabilities:
Derivatives subject to master netting arrangement or similar arrangement		$4,649		$4,358		$291			$33		$258
Derivatives not subject to master netting arrangement or similar arrangement	105		—		105			—		105
Exchange traded derivatives	148		146		2			—		2
Total derivative instrument liabilities		$4,902		$4,504		$398	2		$33		$365

¹ At March 31, 2017, $863 million, net of $277 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $984 million, net of $291 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.

² At March 31, 2017, $361 million, net of $1.4 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $398 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.

[1] Amounts are recognized in trading income in the Consolidated Statements of Income.

XML

Fair Value Election and Measurement (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Recurring Fair Value Measurements

The following tables present certain information regarding assets and liabilities measured at fair value on a recurring basis and the changes in fair value for those specific financial instruments for which fair value has been elected.

	March 31, 2017
	Fair Value Measurements
(Dollars in millions)	Level 1		Level 2		Level 3		Netting  Adjustments 1			Assets/Liabilities at Fair Value
Assets
Trading assets and derivative instruments:
U.S. Treasury securities		$450		$—		$—		$—			$450
Federal agency securities	—		361		—		—			361
U.S. states and political subdivisions	—		55		—		—			55
MBS - agency	—		560		—		—			560
Corporate and other debt securities	—		590		—		—			590
CP	—		491		—		—			491
Equity securities	41		—		—		—			41
Derivative instruments	285		3,570		32		(3,024		)	863
Trading loans	—		2,596		—		—			2,596
Total trading assets and derivative instruments	776		8,223		32		(3,024		)	6,007
Securities AFS:
U.S. Treasury securities	5,422		—		—		—			5,422
Federal agency securities	—		302		—		—			302
U.S. states and political subdivisions	—		318		4		—			322
MBS - agency	—		23,795		—		—			23,795
MBS - non-agency residential	—		—		71		—			71
MBS - non-agency commercial	—		534		—		—			534
ABS	—		—		9		—			9
Corporate and other debt securities	—		29		5		—			34
Other equity securities 2	123		—		515		—			638
Total securities AFS	5,545		24,978		604		—			31,127
LHFS	—		1,813		6		—			1,819
LHFI	—		—		221		—			221
MSRs	—		—		1,645		—			1,645
Liabilities
Trading liabilities and derivative instruments:
U.S. Treasury securities	528		—		—		—			528
MBS - agency	—		5		—		—			5
Corporate and other debt securities	—		326		—		—			326
Equity securities	5		—		—		—			5
Derivative instruments	127		4,345		15		(4,126		)	361
Total trading liabilities and derivative instruments	660		4,676		15		(4,126		)	1,225
Brokered time deposits	—		128		—		—			128
Long-term debt	—		771		—		—			771

¹ Amounts represent 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 $119 million of mutual fund investments, $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

	December 31, 2016
	Fair Value Measurements
(Dollars in millions)	Level 1		Level 2		Level 3		Netting  Adjustments 1			Assets/Liabilities at Fair Value
Assets
Trading assets and derivative instruments:
U.S. Treasury securities		$539		$—		$—		$—			$539
Federal agency securities	—		480		—		—			480
U.S. states and political subdivisions	—		134		—		—			134
MBS - agency	—		567		—		—			567
CLO securities	—		1		—		—			1
Corporate and other debt securities	—		656		—		—			656
CP	—		140		—		—			140
Equity securities	49		—		—		—			49
Derivative instruments	293		4,193		28		(3,530		)	984
Trading loans	—		2,517		—		—			2,517
Total trading assets and derivative instruments	881		8,688		28		(3,530		)	6,067
Securities AFS:
U.S. Treasury securities	5,405		—		—		—			5,405
Federal agency securities	—		313		—		—			313
U.S. states and political subdivisions	—		275		4		—			279
MBS - agency	—		23,662		—		—			23,662
MBS - non-agency residential	—		—		74		—			74
MBS - non-agency commercial	—		252		—		—			252
ABS	—		—		10		—			10
Corporate and other debt securities	—		30		5		—			35
Other equity securities 2	102		—		540		—			642
Total securities AFS	5,507		24,532		633		—			30,672
LHFS	—		3,528		12		—			3,540
LHFI	—		—		222		—			222
MSRs	—		—		1,572		—			1,572
Liabilities
Trading liabilities and derivative instruments:
U.S. Treasury securities	697		—		—		—			697
MBS - agency	—		1		—		—			1
Corporate and other debt securities	—		255		—		—			255
Derivative instruments	149		4,731		22		(4,504		)	398
Total trading liabilities and derivative instruments	846		4,987		22		(4,504		)	1,351
Brokered time deposits	—		78		—		—			78
Long-term debt	—		963		—		—			963

¹ Amounts represent 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 $102 million of mutual fund investments, $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance

(Dollars in millions)	Fair Value at March 31, 2017		Aggregate UPB at March 31, 2017		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,596		$2,550		$46
LHFS:
Accruing	1,819		1,762		57
LHFI:
Accruing	218		224		(6		)
Nonaccrual	3		4		(1		)
Liabilities:
Brokered time deposits	128		130		(2		)
Long-term debt	771		736		35
(Dollars in millions)	Fair Value at December 31, 2016		Aggregate UPB at December 31, 2016		Fair Value Over/(Under) Unpaid Principal
Assets:
Trading loans		$2,517		$2,488		$29
LHFS:
Accruing	3,540		3,516		24
LHFI:
Accruing	219		225		(6		)
Nonaccrual	3		4		(1		)
Liabilities:
Brokered time deposits	78		80		(2		)
Long-term debt	963		924		39

Change in Fair Value of Financial Instruments for which the FVO has been Elected

	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2017 for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income		Mortgage Production Related Income 1		Mortgage Servicing Related Income			Total Changes in Fair Values Included in Earnings 2
Assets:
Trading loans		$2		$—		$—			$2
LHFS	—		12		—			12
MSRs	—		1		(24		)	(23		)
Liabilities:
Brokered time deposits	1		—		—			1
Long-term debt	6		—		—			6

¹ Income related to LHFS does not include income from IRLCs. For the three months endedMarch 31, 2017, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

² Changes in fair value for the three months endedMarch 31, 2017 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, brokered time deposits, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

	Fair Value Gain/(Loss) for the Three Months Ended March 31, 2016 for Items Measured at Fair Value Pursuant to Election of the FVO
(Dollars in millions)	Trading Income			Mortgage Production Related  Income 1		Mortgage Servicing Related Income			Other Noninterest Income		Total Changes in Fair Values Included in Earnings 2
Assets:
Trading loans		$6			$—		$—			$—		$6
LHFS	—			55		—			—		55
LHFI	—			—		—			3		3
MSRs	—			—		(247		)	—		(247		)
Liabilities:
Long-term debt	(2		)	—		—			—		(2		)

¹ Income related to LHFS does not include income from IRLCs. For the three months endedMarch 31, 2016, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

² Changes in fair value for the three months endedMarch 31, 2016 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

Fair Value Level 3 Significant Unobservable Input Assumptions [Table Text Block]

	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value March 31, 2017		Valuation Technique	Unobservable Input 1	Range (weighted average)
Assets
Trading assets and derivative instruments:
Derivative instruments, net 2		$17	Internal model	Pull through rate	41-100% (77%)
				MSR value	28-179 bps (109 bps)
Securities AFS:
U.S. states and political subdivisions	4		Cost	N/A
MBS - non-agency residential	71		Third party pricing	N/A
ABS	9		Third party pricing	N/A
Corporate and other debt securities	5		Cost	N/A
Other equity securities	515		Cost	N/A
Residential LHFS	6		Monte Carlo/Discounted cash flow	Option adjusted spread	104-125 bps (125 bps)
				Conditional prepayment rate	4-13 CPR (8 CPR)
				Conditional default rate	0-2 CDR (0.4 CDR)
LHFI	218		Monte Carlo/Discounted cash flow	Option adjusted spread	62-784 bps (182 bps)
				Conditional prepayment rate	2-25 CPR (11 CPR)
				Conditional default rate	0-5 CDR (1.4 CDR)
	3		Collateral based pricing	Appraised value	NM 3
MSRs	1,645		Monte Carlo/Discounted cash flow	Conditional prepayment rate	6-28 CPR (13 CPR)
				Option adjusted spread	4-114% (8%)

¹ For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available, and therefore, have been noted as not applicable ("N/A").

² Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

³ Not meaningful.

	Level 3 Significant Unobservable Input Assumptions
(Dollars in millions)	Fair value December 31, 2016		Valuation Technique	Unobservable Input 1	Range (weighted average)
Assets
Trading assets and derivative instruments:
Derivative instruments, net 2		$6	Internal model	Pull through rate	40-100% (81%)
				MSR value	22-170 bps (106 bps)
Securities AFS:
U.S. states and political subdivisions	4		Cost	N/A
MBS - non-agency residential	74		Third party pricing	N/A
ABS	10		Third party pricing	N/A
Corporate and other debt securities	5		Cost	N/A
Other equity securities	540		Cost	N/A
Residential LHFS	12		Monte Carlo/Discounted cash flow	Option adjusted spread	104-125 bps (124 bps)
				Conditional prepayment rate	2-28 CPR (7 CPR)
				Conditional default rate	0-3 CDR (0.4 CDR)
LHFI	219		Monte Carlo/Discounted cash flow	Option adjusted spread	62-784 bps (184 bps)
				Conditional prepayment rate	3-36 CPR (13 CPR)
				Conditional default rate	0-5 CDR (2.1 CDR)
	3		Collateral based pricing	Appraised value	NM 3
MSRs	1,572		Monte Carlo/Discounted cash flow	Conditional prepayment rate	1-25 CPR (9 CPR)
				Option adjusted spread	0-122% (8%)

¹ For certain assets and liabilities where the Company utilizes third party pricing, the unobservable inputs and their ranges are not reasonably available, and therefore, have been noted as not applicable ("N/A").

² Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

³ Not meaningful.

Reconciliation of the Beginning and Ending Balances for Fair Valued Assets and Liabilities Measured on a Recurring Basis Using Significant Unobservable Inputs

three months ended March 31, 2017 and 2016.

	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning Balance January 1, 2017		Included in Earnings			OCI				Purchases		Sales			Settlements			Transfers to/from Other Balance Sheet Line Items			Transfers into Level 3		Transfers out of Level 3			Fair Value March 31, 2017		Included in Earnings (held at March 31, 2017 1)
Assets
Trading assets:
Derivative instruments, net		$6		$48	2		$—				$—		$—			($1	)		($36	)		$—		$—			$17		$30	2
Total trading assets	6		48			—				—		—			(1		)	(36		)	—		—			17		30
Securities AFS:
U.S. states and political subdivisions	4		—			—				—		—			—			—			—		—			4		—
MBS - non-agency residential	74		—			(1		)	3	—		—			(2		)	—			—		—			71		—
ABS	10		—			—				—		—			(1		)	—			—		—			9		—
Corporate and other debt securities	5		—			—				—		—			—			—			—		—			5		—
Other equity securities	540		—			1			3	43		—			(64		)	—			—		(5		)	515		—
Total securities AFS	633		—			—				43		—			(67		)	—			—		(5		)	604		—
Residential LHFS	12		—			—				—		(14		)	—			(2		)	10		—			6		—
LHFI	222		—			—				—		—			(6		)	1			4		—			221		—

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at March 31, 2017.

² Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income, amount related to commercial IRLCs is recognized in commercial real estate related income, and amount related to Visa derivative liability is recognized in other noninterest expense.

³ Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax.

	Fair Value Measurements Using Significant Unobservable Inputs
(Dollars in millions)	Beginning Balance January 1, 2016		Included in Earnings				OCI				Purchases		Sales			Settlements			Transfers to/from Other Balance Sheet Line Items			Transfers into Level 3		Transfers out of Level 3			Fair Value March 31, 2016		Included in Earnings (held at March 31, 2016 1)
Assets
Trading assets:
Corporate and other debt securities		$89		($1	)	4		$—				$—		($88	)		$—			$—			$—		$—			$—		$—
Derivative instruments, net	15		45			2	—				—		—			1			(29		)	—		—			32		36		2
Total trading assets	104		44				—				—		(88		)	1			(29		)	—		—			32		36
Securities AFS:
U.S. states and political subdivisions	5		—				—				—		—			—			—			—		—			5		—
MBS - non-agency residential	94		—				(1		)	3	—		—			(5		)	—			—		—			88		—
ABS	12		—				—				—		—			(1		)	—			—		—			11		—
Corporate and other debt securities	5		—				—				—		—			—			—			—		—			5		—
Other equity securities	440		—				—				106		—			(75		)	—			—		—			471		—
Total securities AFS	556		—				(1		)	3	106		—			(81		)	—			—		—			580		—
Residential LHFS	5		—				—				—		(7		)	—			(1		)	9		(2		)	4		—
LHFI	257		3			5	—				—		—			(10		)	1			4		—			255		3		5
Liabilities
Other liabilities	23		—				—				—		—			(23		)	—			—		—			—		—

¹ Change in unrealized gains/(losses) included in earnings during the period related to financial assets/liabilities still held at March 31, 2016.

² Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income and amount related to Visa derivative liability is recognized in other noninterest expense.

³ Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax.

⁴ Amounts included in earnings are recognized in trading income.

⁵ Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in other noninterest income.

Change in Carrying Value of Assets Measured at Fair Value on a Non-Recurring Basis

			Fair Value Measurements						Losses for the Three Months Ended March 31, 2017
(Dollars in millions)	March 31, 2017		Level 1		Level 2		Level 3
LHFI		$83		$—		$—		$83		$—
OREO	11		—		—		11		(2		)
Other assets	42		—		1		41		(5		)
			Fair Value Measurements						Losses for the Year Ended December 31, 2016
(Dollars in millions)	December 31, 2016		Level 1		Level 2		Level 3
LHFI		$75		$—		$—		$75		$—
OREO	17		—		—		17		(2		)
Other assets	112		—		58		54		(36		)

Carrying Amounts and Fair Values of the Company's Financial Instruments

	March 31, 2017				Fair Value Measurements
(Dollars in millions)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents		$8,274		$8,274		$8,274		$—		$—	(a)
Trading assets and derivative instruments	6,007		6,007		776		5,199		32		(b)
Securities AFS	31,127		31,127		5,545		24,978		604		(b)
LHFS	2,109		2,111		—		2,100		11		(c)
LHFI, net	141,815		140,888		—		166		140,722		(d)
Financial liabilities:
Deposits	162,853		162,732		—		162,732		—		(e)
Short-term borrowings	4,696		4,696		—		4,696		—		(f)
Long-term debt	10,496		10,560		—		9,802		758		(f)
Trading liabilities and derivative instruments	1,225		1,225		660		550		15		(b)

	December 31, 2016				Fair Value Measurements
(Dollars in millions)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents		$6,423		$6,423		$6,423		$—		$—	(a)
Trading assets and derivative instruments	6,067		6,067		881		5,158		28		(b)
Securities AFS	30,672		30,672		5,507		24,532		633		(b)
LHFS	4,169		4,178		—		4,161		17		(c)
LHFI, net	141,589		140,516		—		282		140,234		(d)
Financial liabilities:
Deposits	160,398		160,280		—		160,280		—		(e)
Short-term borrowings	4,764		4,764		—		4,764		—		(f)
Long-term debt	11,748		11,779		—		11,051		728		(f)
Trading liabilities and derivative instruments	1,351		1,351		846		483		22		(b)

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:

(a) Cash and cash equivalents are valued at their carrying amounts, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.

(b) Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

(c) LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally developed and considers risk premiums that a market participant would require under then-current market conditions.

(d) LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid or nonexistent requires significant judgment.

Generally, the Company measures fair value for LHFI based on estimated future discounted cash flows using current origination rates for loans with similar terms and credit quality, which derived an estimated value of 101% on the loan portfolio’s net carrying value at both March 31, 2017 and December 31, 2016. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was applied when estimating the fair value of these loans. The discounted value is a function of a market participant’s required yield in the current environment and is not a reflection of the expected cumulative losses on the loans.

(e) Deposit liabilities with no defined maturity such as DDAs, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow approach that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values. Refer to the respective valuation section within this footnote for valuation information related to brokered time deposits that the Company measures at fair value as well as those that are carried at amortized cost.

(f) Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated discounted cash flows utilizing the Company’s current incremental borrowing rate for similar types of instruments. Refer to the respective valuation section within this footnote for valuation information related to long-term debt that the Company measures at fair value. For level 3 debt, the terms are unique in nature or there are no similar instruments that can be used to value the instrument without using significant unobservable assumptions. In these situations, the Company reviews current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.

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Business Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Business Segment Reporting

	Three Months Ended March 31, 2017
(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Mortgage Banking		Corporate Other			Reconciling Items			Consolidated
Balance Sheets:
Average loans		$44,074		$72,451		$27,078		$67			$—			$143,670
Average consumer and commercial deposits	98,871		57,393		2,543		117			(50		)	158,874
Average total assets	49,794		85,864		31,475		34,005			3,114			204,252
Average total liabilities	99,478		63,108		2,861		15,158			(24		)	180,581
Average total equity	—		—		—		—			23,671			23,671
Statements of Income:
Net interest income		$766		$543		$113		$11			($67	)		$1,366
FTE adjustment	—		34		—		1			(1		)	34
Net interest income-FTE 1	766		577		113		12			(68		)	1,400
Provision for credit losses 2	88		31		—		—			—			119
Net interest income after provision for credit losses-FTE	678		546		113		12			(68		)	1,281
Total noninterest income	350		403		115		23			(44		)	847
Total noninterest expense	797		482		184		6			(4		)	1,465
Income before provision for income taxes-FTE	231		467		44		29			(108		)	663
Provision for income taxes-FTE 3	85		174		15		(16		)	(65		)	193
Net income including income attributable to noncontrolling interest	146		293		29		45			(43		)	470
Net income attributable to noncontrolling interest	—		—		—		2			—			2
Net income		$146		$293		$29		$43			($43	)		$468

¹ Presented on a matched maturity funds transfer price basis for the segments.

² Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

³ Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

	Three Months Ended March 31, 2016
(Dollars in millions)	Consumer Banking and Private Wealth Management		Wholesale Banking		Mortgage Banking			Corporate Other			Reconciling Items			Consolidated
Balance Sheets:
Average loans		$41,589		$70,773		$25,946			$64			$—			$138,372
Average consumer and commercial deposits	93,238		53,620		2,311			107			(47		)	149,229
Average total assets	47,285		84,363		29,203			30,560			1,603			193,014
Average total liabilities	93,853		59,496		2,686			13,201			(19		)	169,217
Average total equity	—		—		—			—			23,797			23,797
Statements of Income:
Net interest income		$719		$495		$120			$31			($83	)		$1,282
FTE adjustment	—		35		—			1			—			36
Net interest income-FTE 1	719		530		120			32			(83		)	1,318
Provision/(benefit) for credit losses 2	29		82		(10		)	—			—			101
Net interest income after provision/(benefit) for credit losses-FTE	690		448		130			32			(83		)	1,217
Total noninterest income	356		313		126			20			(34		)	781
Total noninterest expense	741		411		174			(4		)	(4		)	1,318
Income before provision for income taxes-FTE	305		350		82			56			(113		)	680
Provision for income taxes-FTE 3	113		131		32			16			(61		)	231
Net income including income attributable to noncontrolling interest	192		219		50			40			(52		)	449
Net income attributable to noncontrolling interest	—		—		—			2			—			2
Net income		$192		$219		$50			$38			($52	)		$447

¹ Presented on a matched maturity funds transfer price basis for the segments.

² Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

³ Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

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Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Changes in the components of AOCI, net of tax, are presented in the following table:

(Dollars in millions)	Securities AFS			Derivative Instruments			Brokered Time Deposits			Long-Term Debt			Employee Benefit Plans			Total
Three Months Ended March 31, 2017
Balance, beginning of period		($62	)		($157	)		($1	)		($7	)		($594	)		($821	)
Net unrealized gains/(losses) arising during the period	2			(16		)	—			(1		)	—			(15		)
Amounts reclassified to net income	—			(26		)	—			—			(5		)	(31		)
Other comprehensive income/(loss), net of tax	2			(42		)	—			(1		)	(5		)	(46		)
Balance, end of period		($60	)		($199	)		($1	)		($8	)		($599	)		($867	)
Three Months Ended March 31, 2016
Balance, beginning of period		$135			$87			$—			$—			($682	)		($460	)
Cumulative credit risk adjustment 1	—			—			—			(5		)	—			(5		)
Net unrealized gains/(losses) arising during the period	279			192			—			(2		)	—			469
Amounts reclassified to net income	—			(42		)	—			—			59			17
Other comprehensive income/(loss), net of tax	279			150			—			(2		)	59			486
Balance, end of period		$414			$237			$—			($7	)		($623	)		$21

¹ Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," for additional information.

schedule of reclassifications from AOCI [Table Text Block]

Reclassifications from AOCI, and the related tax effects, are presented in the following table:

(Dollars in millions)	Three Months Ended March 31						Impacted Line Item in the Consolidated Statements of Income
Details About AOCI Components	2017			2016
Derivative Instruments:
Realized gains on cash flow hedges		($41	)		($67	)	Interest and fees on loans
Tax effect	15			25			Provision for income taxes
	(26		)	(42		)
Employee Benefit Plans:
Amortization of prior service credit	(1		)	(1		)	Employee benefits
Amortization of actuarial loss	6			6			Employee benefits
Adjustment to funded status of employee benefit obligation	(11		)	89			Other assets/other liabilities
	(6		)	94
Tax effect	1			(35		)	Provision for income taxes
	(5		)	59
Total reclassifications from AOCI to net income		($31	)		$17

XML

Acquisitions/Dispositions Schedule of Business Acquisition, Purchase Price Allocation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Dec. 15, 2016
Schedule of Business Acquisition, Purchase Price Allocation [Line Items]
Document Period End Date	Mar. 31, 2017
Business Combination, Consideration Transferred	$ 197	$ 197
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	13		$ 13
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(100)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(16)
Goodwill, Acquired During Period	1
Loans Held For Investment [Member]
Schedule of Business Acquisition, Purchase Price Allocation [Line Items]
Business Combination, Acquired Receivables, Fair Value	38
Loans Held For Sale [Member]
Schedule of Business Acquisition, Purchase Price Allocation [Line Items]
Business Combination, Acquired Receivables, Fair Value	182
Commercial Mortgage Servicing Rights [Member]
Schedule of Business Acquisition, Purchase Price Allocation [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	62		$ 62
Pillar Financial [Member]
Schedule of Business Acquisition, Purchase Price Allocation [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1
Net Assets	$ 196

XML

Acquisitions/Dispositions Acquisitions/Dispositions - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 15, 2016
Document Period End Date	Mar. 31, 2017
Goodwill, Acquired During Period	$ 1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(13)			$ (13)
Noninterest Expense	1,465		$ 1,318
Revenues	847		781
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	663		680
Business Combination, Consideration Transferred	(197)	$ (197)
Pillar Financial [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(1)
Loans Held For Investment [Member] | Pillar Financial [Member]
Principal Amount Outstanding of Loans Held-in-portfolio				38
Loans Held For Sale [Member] | Pillar Financial [Member]
Principal Amount Outstanding of Loans Held-in-portfolio				180
Commercial Mortgage Servicing Rights [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	62			$ 62
Corporate Other [Member]
Noninterest Expense	6		(4)
Revenues	23		20
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 29		$ 56

XML

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Securities Purchased under Agreements to Resell [Abstract]
Federal Funds Sold	$ 18	$ 58
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	1,300	1,300
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged	$ 234	$ 246

XML

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Securities Purchased under Agreements to Resell [Abstract]
Federal Funds Sold	$ 18	$ 58
Securities Borrowed	362	270
Securities Purchased under Agreements to Resell	912	979
Federal Funds Sold and Securities Purchased under Agreements to Resell	$ 1,292	$ 1,307

XML

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	$ 1,704	$ 1,633
US Treasury Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	125	27
US Government Agencies Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	137	312
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	985	844
Commercial Paper [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	82	49
Corporate Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	375	401
Maturity Overnight [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	1,465	1,468
Maturity Overnight [Member] | US Treasury Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	125	27
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	112	288
Maturity Overnight [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	861	793
Maturity Overnight [Member] | Commercial Paper [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	82	49
Maturity Overnight [Member] | Corporate Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	285	311
Maturity up to 30 days [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	199	125
Maturity up to 30 days [Member] | US Treasury Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	0	0
Maturity up to 30 days [Member] | US Government Agencies Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	25	24
Maturity up to 30 days [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	124	51
Maturity up to 30 days [Member] | Commercial Paper [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	0	0
Maturity up to 30 days [Member] | Corporate Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	50	50
Maturity 30 to 90 Days [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	40	40
Maturity 30 to 90 Days [Member] | US Treasury Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	0	0
Maturity 30 to 90 Days [Member] | US Government Agencies Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	0	0
Maturity 30 to 90 Days [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	0	0
Maturity 30 to 90 Days [Member] | Commercial Paper [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	0	0
Maturity 30 to 90 Days [Member] | Corporate Debt Securities [Member]
securities sold under agreement to repurchase maturity [Line Items]
Securities Sold under Agreements to Repurchase	$ 40	$ 40

XML

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell Netting of financial instruments - repurchase agreements (Details) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Assets Sold under Agreements to Repurchase [Line Items]
Carrying Value of Securities Purchased under Agreements to Resell and Deposits Paid for Securities Borrowed		$ 1,274	$ 1,249
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure	[1]	1,274	1,249
Fair Value of Securities Received as Collateral that Can be Resold or Repledged		1,262	1,241
Securities Purchased under Agreements to Resell, Not Subject to Master Netting Arrangement		12	8
Securities Borrowed or Purchased Under Agreements to Resell, Amount Not Offset Against Collateral		0	0
Securities Sold under Agreements to Repurchase, Gross		1,704	1,633
Securities Sold under Agreements to Repurchase		1,704	1,633
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities		1,704	1,633
Securities Sold under Agreements to Repurchase, Not Subject to Master Netting Arrangement		0	0
Securities Sold Under Agreements to Repurchase, Amount Not Offset Against Collateral		$ 0	$ 0

[1] Excludes $18 million and $58 million of Fed funds sold, which are not subject to a master netting agreement at March 31, 2017 and December 31, 2016, respectively.

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Trading Securities (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets	[1]	$ 6,007	$ 6,067
Trading liabilities		1,225	1,351
US Treasury Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		450	539
Trading liabilities		528	697
US Government Agencies Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		361	480
US States and Political Subdivisions Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		55	134
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		560	567
Trading liabilities		5	1
Collateralized Loan Obligations [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		0	1
Corporate Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		590	656
Trading liabilities		326	255
Commercial Paper [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		491	140
Equity Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets		41	49
Trading liabilities		5	0
Derivative Financial Instruments, Assets [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets	[2]	863	984
Loans [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading assets	[3]	2,596	2,517
Derivative Financial Instruments, Liabilities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading liabilities	[2]	$ 361	$ 398

[1] Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral of $1,229 million and $1,437 million at March 31, 2017 and December 31, 2016, respectively.

[2] 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.

[3] Includes loans related to TRS.

XML

Schedule of Financial Instruments Owned and Pledged as Collateral (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Financial Instruments Owned and Pledged as Collateral [Line Items]
Amount of Repurchase Agreements Secured by Trading Assets		$ 918	$ 928
Repurchase Agreements [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Trading Securities Pledged as Collateral	[1]	958	968
Derivative [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Trading Securities Pledged as Collateral		273	471
Equity Trading [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Trading Securities Pledged as Collateral		$ 40	$ 40

[1] Repurchase agreements secured by collateral totaled $918 million and $928 million at March 31, 2017 and December 31, 2016, respectively.

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Securities Available for Sale (Detail) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		$ 31,181	$ 30,729
Unrealized Gains		316	335
Unrealized Losses		370	392
Available-for-sale Securities	[1]	31,127	30,672
US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		5,488	5,486
Unrealized Gains		5	5
Unrealized Losses		71	86
Available-for-sale Securities		5,422	5,405
US Government Agencies Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		297	310
Unrealized Gains		6	5
Unrealized Losses		1	2
Available-for-sale Securities		302	313
US States and Political Subdivisions Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		319	279
Unrealized Gains		7	5
Unrealized Losses		4	5
Available-for-sale Securities		322	279
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		23,791	23,642
Unrealized Gains		291	313
Unrealized Losses		287	293
Available-for-sale Securities		23,795	23,662
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		68	71
Unrealized Gains		3	3
Unrealized Losses		0	0
Available-for-sale Securities		71	74
Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		539	257
Unrealized Gains		1	0
Unrealized Losses		6	5
Available-for-sale Securities		534	252
Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		7	8
Unrealized Gains		2	2
Unrealized Losses		0	0
Available-for-sale Securities		9	10
Other Debt Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		34	34
Unrealized Gains		0	1
Unrealized Losses		0	0
Available-for-sale Securities		34	35
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	[2]	638	642
Unrealized Gains	[2]	1	1
Unrealized Losses	[2]	1	1
Available-for-sale Securities	[2]	$ 638	$ 642

[1] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

[2] At March 31, 2017, the fair value of other equity securities was comprised of the following: $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $119 million of mutual fund investments, and $6 million of other.At December 31, 2016, the fair value of other equity securities was comprised of the following: $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $102 million of mutual fund investments, and $6 million of other.

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Securities Available for Sale (Addition Information) (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Realized Gains		$ 0.0		$ 0.0
Available-for-sale Securities, Gross Realized Losses		0.0		$ 0.0
Available-for-sale Securities	[1]	31,127.0			$ 30,672.0
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities	[2]	638.0			642.0
Federal Home Loan Bank (FHLB) of Atlanta stock (par value)		111.0			132.0
Federal Reserve Bank Stock		402.0			402.0
Mutual fund investments (par value)		119.0			102.0
Fair Value, Inputs, Level 3 [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities	[3]	604.0			633.0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities		604.0			633.0
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities		515.0	[4]		540.0	[5]
Investments, Fair Value Disclosure		$ 6.0			$ 6.0

[1] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

[2] At March 31, 2017, the fair value of other equity securities was comprised of the following: $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $119 million of mutual fund investments, and $6 million of other.At December 31, 2016, the fair value of other equity securities was comprised of the following: $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $102 million of mutual fund investments, and $6 million of other.

[3] Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

[4] Includes $119 million of mutual fund investments, $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

[5] Includes $102 million of mutual fund investments, $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

XML

Interest and dividends on SAFS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Interest Income, Securities, Taxable	$ 180	$ 159
Interest Income, Securities, Tax Exempt	2	1
Dividend Income, Operating	5	3
Interest and Dividend Income, Securities, Available-for-sale	$ 187	$ 163

XML

Securities Available for Sale - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Realized Gains		$ 0.0	$ 0.0
Available-for-sale Securities, Gross Realized Losses		0.0	$ 0.0
Available-for-sale Securities Pledged as Collateral		3,300.0		$ 2,000.0
Available-for-sale Securities	[1]	$ 31,127.0		$ 30,672.0

[1] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

XML

Amortized Cost and Fair Value of Investments in Debt Securities by Estimated Average Life (Detail) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2017		Dec. 31, 2016
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 19,130	[1]	$ 19,459	[2]
Distribution of Maturities: Amortized Cost, 1 Year or Less		1,863
Distribution of Maturities: Amortized Cost, 1-5 Years		9,565
Distribution of Maturities: Amortized Cost, 5-10 Years		18,046
Distribution of Maturities: Amortized Cost, After 10 Years		1,069
Distribution of Maturities: Amortized Cost, Total		30,543
Distribution of Maturities: Fair Value, 1 Year or Less		1,958
Distribution of Maturities: Fair Value, 1-5 Years		9,682
Distribution of Maturities: Fair Value, 5-10 Years		17,791
Distribution of Maturities: Fair Value, After 10 Years		1,058
Distribution of Maturities: Fair Value, Total		$ 30,489
Available For Sale Securities Debt Maturities, Yield, One Year Or Less	[3]	3.16%
Available For Sale Securities Debt Maturities, Yield, After One Through Five Years	[3]	2.32%
Available For Sale Securities Debt Maturities, Yield, After Five Through Ten Years	[3]	2.60%
Available For Sale Securities Debt Maturities, Yield, After Ten Years	[3]	2.98%
Available For Sale Securities Debt Maturities, Yield	[3]	2.56%
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		$ 362	[4]	383	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		529	[1]	464	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		8	[4]	9	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		19,659	[1]	19,923	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		370	[4]	392	[5]
US Treasury Securities [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		0
Distribution of Maturities: Amortized Cost, 1-5 Years		2,345
Distribution of Maturities: Amortized Cost, 5-10 Years		3,143
Distribution of Maturities: Amortized Cost, After 10 Years		0
Distribution of Maturities: Amortized Cost, Total		5,488
Distribution of Maturities: Fair Value, 1 Year or Less		0
Distribution of Maturities: Fair Value, 1-5 Years		2,334
Distribution of Maturities: Fair Value, 5-10 Years		3,088
Distribution of Maturities: Fair Value, After 10 Years		0
Distribution of Maturities: Fair Value, Total		5,422
US Government Agencies Debt Securities [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		110
Distribution of Maturities: Amortized Cost, 1-5 Years		82
Distribution of Maturities: Amortized Cost, 5-10 Years		7
Distribution of Maturities: Amortized Cost, After 10 Years		98
Distribution of Maturities: Amortized Cost, Total		297
Distribution of Maturities: Fair Value, 1 Year or Less		112
Distribution of Maturities: Fair Value, 1-5 Years		85
Distribution of Maturities: Fair Value, 5-10 Years		7
Distribution of Maturities: Fair Value, After 10 Years		98
Distribution of Maturities: Fair Value, Total		302
US States and Political Subdivisions Debt Securities [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		9
Distribution of Maturities: Amortized Cost, 1-5 Years		32
Distribution of Maturities: Amortized Cost, 5-10 Years		117
Distribution of Maturities: Amortized Cost, After 10 Years		161
Distribution of Maturities: Amortized Cost, Total		319
Distribution of Maturities: Fair Value, 1 Year or Less		9
Distribution of Maturities: Fair Value, 1-5 Years		33
Distribution of Maturities: Fair Value, 5-10 Years		122
Distribution of Maturities: Fair Value, After 10 Years		158
Distribution of Maturities: Fair Value, Total		322
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		1,709
Distribution of Maturities: Amortized Cost, 1-5 Years		7,000
Distribution of Maturities: Amortized Cost, 5-10 Years		14,287
Distribution of Maturities: Amortized Cost, After 10 Years		795
Distribution of Maturities: Amortized Cost, Total		23,791
Distribution of Maturities: Fair Value, 1 Year or Less		1,802
Distribution of Maturities: Fair Value, 1-5 Years		7,119
Distribution of Maturities: Fair Value, 5-10 Years		14,088
Distribution of Maturities: Fair Value, After 10 Years		786
Distribution of Maturities: Fair Value, Total		23,795
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		0
Distribution of Maturities: Amortized Cost, 1-5 Years		68
Distribution of Maturities: Amortized Cost, 5-10 Years		0
Distribution of Maturities: Amortized Cost, After 10 Years		0
Distribution of Maturities: Amortized Cost, Total		68
Distribution of Maturities: Fair Value, 1 Year or Less		0
Distribution of Maturities: Fair Value, 1-5 Years		71
Distribution of Maturities: Fair Value, 5-10 Years		0
Distribution of Maturities: Fair Value, After 10 Years		0
Distribution of Maturities: Fair Value, Total		71
Commercial Mortgage Backed Securities [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		20
Distribution of Maturities: Amortized Cost, 1-5 Years		12
Distribution of Maturities: Amortized Cost, 5-10 Years		492
Distribution of Maturities: Amortized Cost, After 10 Years		15
Distribution of Maturities: Amortized Cost, Total		539
Distribution of Maturities: Fair Value, 1 Year or Less		20
Distribution of Maturities: Fair Value, 1-5 Years		12
Distribution of Maturities: Fair Value, 5-10 Years		486
Distribution of Maturities: Fair Value, After 10 Years		16
Distribution of Maturities: Fair Value, Total		534
Asset-backed Securities [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		0
Distribution of Maturities: Amortized Cost, 1-5 Years		7
Distribution of Maturities: Amortized Cost, 5-10 Years		0
Distribution of Maturities: Amortized Cost, After 10 Years		0
Distribution of Maturities: Amortized Cost, Total		7
Distribution of Maturities: Fair Value, 1 Year or Less		0
Distribution of Maturities: Fair Value, 1-5 Years		9
Distribution of Maturities: Fair Value, 5-10 Years		0
Distribution of Maturities: Fair Value, After 10 Years		0
Distribution of Maturities: Fair Value, Total		9
Other Debt Obligations [Member]
Distribution of Maturities: Amortized Cost, 1 Year or Less		15
Distribution of Maturities: Amortized Cost, 1-5 Years		19
Distribution of Maturities: Amortized Cost, 5-10 Years		0
Distribution of Maturities: Amortized Cost, After 10 Years		0
Distribution of Maturities: Amortized Cost, Total		34
Distribution of Maturities: Fair Value, 1 Year or Less		15
Distribution of Maturities: Fair Value, 1-5 Years		19
Distribution of Maturities: Fair Value, 5-10 Years		0
Distribution of Maturities: Fair Value, After 10 Years		0
Distribution of Maturities: Fair Value, Total		34
Temporarily Impaired Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		19,130		19,443
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		362	[4]	383	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		512		463
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		8	[4]	9	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		19,642		19,906
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		370	[4]	392	[5]
Temporarily Impaired Securities [Member] | US Treasury Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		4,108		4,380
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		71	[4]	86	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		4,108		4,380
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		71	[4]	86	[5]
Temporarily Impaired Securities [Member] | US Government Agencies Debt Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		94		96
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		1	[4]	2	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		3		3
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		97		99
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		1	[4]	2	[5]
Temporarily Impaired Securities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		147		149
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		4	[4]	5	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		147		149
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		4	[4]	5	[5]
Temporarily Impaired Securities [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		14,445		14,622
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		280	[4]	285	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		500		451
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		7	[4]	8	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		14,945		15,073
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		287	[4]	293	[5]
Temporarily Impaired Securities [Member] | Commercial Mortgage Backed Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		325		184
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		6	[4]	5	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		325		184
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		6	[4]	5	[5]
Temporarily Impaired Securities [Member] | Asset-backed Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		5		5
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		5		5
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		0	[4]	0	[5]
Temporarily Impaired Securities [Member] | Other Debt Obligations [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		11		12
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		0	[4]	0	[5]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		11		12
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		$ 0	[4]	$ 0	[5]

[1] OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

[2] OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

[3] Weighted average yields are based on amortized cost.

[4] Unrealized losses less than $0.5 million are presented as zero within the table.

[5] Unrealized losses less than $0.5 million are presented as zero within the table.

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Securities with Unrealized Losses (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017		Dec. 31, 2016
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 19,130	[1]	$ 19,459	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	362	[3]	383	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	529	[1]	464	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	8	[3]	9	[4]
Total, Fair Value	19,659	[1]	19,923	[2]
Total, Unrealized Losses	370	[3]	392	[4]
Temporarily Impaired Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	19,130		19,443
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	362	[3]	383	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	512		463
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	8	[3]	9	[4]
Total, Fair Value	19,642		19,906
Total, Unrealized Losses	370	[3]	392	[4]
Temporarily Impaired Securities [Member] | US Treasury Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	4,108		4,380
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	71	[3]	86	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	4,108		4,380
Total, Unrealized Losses	71	[3]	86	[4]
Temporarily Impaired Securities [Member] | US Government Agencies Debt Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	94		96
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	1	[3]	2	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	3		3
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	97		99
Total, Unrealized Losses	1	[3]	2	[4]
Temporarily Impaired Securities [Member] | US States and Political Subdivisions Debt Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	147		149
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	4	[3]	5	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	147		149
Total, Unrealized Losses	4	[3]	5	[4]
Temporarily Impaired Securities [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	14,445		14,622
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	280	[3]	285	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	500		451
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	7	[3]	8	[4]
Total, Fair Value	14,945		15,073
Total, Unrealized Losses	287	[3]	293	[4]
Temporarily Impaired Securities [Member] | Commercial Mortgage Backed Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	325		184
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	6	[3]	5	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	325		184
Total, Unrealized Losses	6	[3]	5	[4]
Temporarily Impaired Securities [Member] | Asset-backed Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0	[3]	0	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5		5
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	5		5
Total, Unrealized Losses	0	[3]	0	[4]
Temporarily Impaired Securities [Member] | Other Debt Obligations [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	11		12
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0	[3]	0	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	11		12
Total, Unrealized Losses	0	[3]	0	[4]
Temporarily Impaired Securities [Member] | Equity Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0	[3]	0	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	4		4
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	1	[3]	1	[4]
Total, Fair Value	4		4
Total, Unrealized Losses	1	[3]	1	[4]
Other Than Temporarily Impaired Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	[1]	16	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0	[3]	0	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	17	[1]	1	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	17	[1]	17	[2]
Total, Unrealized Losses	0	[3]	0	[4]
Other Than Temporarily Impaired Securities [Member] | Asset-backed Securities [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	[1]	0	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0	[3]	0	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1	[1]	1	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	1	[1]	1	[2]
Total, Unrealized Losses	0	[3]	0	[4]
Other Than Temporarily Impaired Securities [Member] | Mortgage-backed Securities, Issued by Private Enterprises [Member]
Investments, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	[1]	16	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0	[3]	0	[4]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	16	[1]	0	[2]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[3]	0	[4]
Total, Fair Value	16	[1]	16	[2]
Total, Unrealized Losses	$ 0	[3]	$ 0	[4]

[1] OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

[2] OTTI securities AFS are impaired securities for which OTTI credit losses have been previously recognized in earnings.

[3] Unrealized losses less than $0.5 million are presented as zero within the table.

[4] Unrealized losses less than $0.5 million are presented as zero within the table.

XML

Gross Realized Gains and Losses on Sales and OTTI on Securities Available for Sale (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Available-for-sale Securities, Gross Realized Gains		$ 0.0	$ 0.0
Available-for-sale Securities	[1]	31,127.0		$ 30,672.0
Available-for-sale Securities, Gross Realized Losses		0.0	0.0
Gain (Loss) on Sale of Securities, Net		0.0	$ 0.0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment		$ 0.0

[1] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

XML

OTTI Losses on Available for Sale Securities (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Available-for-sale Securities	[1]	$ 31,127	$ 30,672
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		22		$ 24
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Available-for-sale Securities		$ 71	$ 74

[1] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

XML

Rollforward of Credit Losses Recognized in Earnings Related to Securities (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Realized Gains		$ 0.0	$ 0.0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment		0.0
Available-for-sale Securities	[1]	31,127.0		$ 30,672.0
Ending balance		22.0	24.0
Available-for-sale Securities, Gross Realized Losses		$ 0.0	0.0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses			$ 0.0

[1] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

XML

Significant Inputs Considered in Determining the Measurement of Credit Losses Recognized in Earnings for Securities (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Available-for-sale Securities	[1]	$ 31,127	$ 30,672
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Investment [Line Items]
Available-for-sale Securities		$ 71	$ 74

[1] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

XML

Loans - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of Portfolio Loans and Leases to Held-for-sale		$ 60	$ 55
Transfer of Loans Held-for-sale to Portfolio Loans		7	5
Loans held for investment sold		$ 100	0
Document Period End Date		Mar. 31, 2017
Long-term Debt	[1]	$ 10,496		$ 11,748
Other Short-term Borrowings		1,955		1,015
Letters of Credit Outstanding, Amount		6,100		7,300
Loans and Leases Receivable, Impaired, Commitment to Lend		17		29
Loans held for investment	[2]	$ 143,529		$ 143,298
Federal National Mortgage Association (FNMA) Insured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Loan Portfolio Current		31.00%		29.00%
Loans held for investment		$ 549		$ 537
Government Guarantee Percent		1.00%		1.00%
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment purchased		$ 539	$ 537
Percentage of Loan Portfolio Current		76.00%		75.00%
Loans held for investment		$ 6,396		$ 6,167
Consumer Indirect [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment purchased		99
Loans held for investment	[3]	11,067		10,736
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		78,253		78,224
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		$ 38,550		$ 38,990
Percentage of Loans Held for Investment		27.00%		27.00%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	$ 11,511		$ 11,912
Geographic Distribution, Foreign [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		2,000		2,200
Minimum [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans And Leases Receivable Individually Evaluated For Impairment		3		3
Home Equity Line of Credit [Member] | Credit Concentration Risk [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused Commitments to Extend Credit		10,400		10,300
Mortgage Loans on Real Estate [Member] | Credit Concentration Risk [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused Commitments to Extend Credit		4,600		4,200
Federal Home Loan Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Long-term Debt		2,300		2,754
Federal Reserve Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Pledged as Collateral		22,800		22,600
Line of Credit Facility, Remaining Borrowing Capacity		17,000		17,000
Federal Home Loan Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Pledged as Collateral		36,200		36,900
Line of Credit Facility, Remaining Borrowing Capacity		$ 30,800		$ 31,900

[1] Includes debt of consolidated VIEs of $214 million and $222 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

[3] Excludes $6.4 billion and $6.2 billion of guaranteed student loans at March 31, 2017 and December 31, 2016, respectively.

[4] Excludes $549 million and $537 million of guaranteed residential loans at March 31, 2017 and December 31, 2016, respectively.

XML

Composition of the Company's Loan Portfolio (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Document Period End Date		Mar. 31, 2017
Loans held for investment	[1]	$ 143,529	$ 143,298
Loans Held for Sale	[2]	2,109	4,169
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		68,971	69,213
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		5,067	4,996
Commercial Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		4,215	4,015
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		78,253	78,224
Federal National Mortgage Association (FNMA) Insured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		549	537
Residential Nonguaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[3],[4]	26,110	26,137
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[3]	11,511	11,912
Residential Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[3]	380	404
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		38,550	38,990
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		6,396	6,167
Consumer Other Direct [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[5]	7,904	7,771
Consumer Indirect [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[5]	11,067	10,736
Credit Card Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[5]	1,359	1,410
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		$ 26,726	$ 26,084

[1] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes $1.8 billion and $3.5 billion of LHFS measured at fair value at March 31, 2017 and December 31, 2016, respectively.

[3] Excludes $549 million and $537 million of guaranteed residential loans at March 31, 2017 and December 31, 2016, respectively.

[4] Includes $221 million and $222 million of LHFI measured at fair value at March 31, 2017 and December 31, 2016, respectively.

[5] Excludes $6.4 billion and $6.2 billion of guaranteed student loans at March 31, 2017 and December 31, 2016, respectively.

XML

Composition of the Company's Loan Portfolio (Additional Information) (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Fair Value Disclosure	$ 221	$ 222
Loans Held-for-sale, Fair Value Disclosure	1,819	3,540
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Fair Value Disclosure	$ 221	$ 222

XML

LHFI by Credit Quality Indicator (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Document Period End Date		Mar. 31, 2017
Loans held for investment	[1]	$ 143,529	$ 143,298
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		68,971	69,213
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		5,067	4,996
Commercial Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		4,215	4,015
Federal National Mortgage Association (FNMA) Insured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		549	537
Residential Nonguaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2],[3]	26,110	26,137
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	11,511	11,912
Residential Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	380	404
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		6,396	6,167
Consumer Other Direct [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	7,904	7,771
Consumer Indirect [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	11,067	10,736
Credit Card Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	1,359	1,410
Pass | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		66,776	66,920
Pass | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		4,738	4,574
Pass | Commercial Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		4,070	3,914
Criticized Accruing | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		1,867	1,903
Criticized Accruing | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		323	415
Criticized Accruing | Commercial Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment		127	84
FICO Score 700 and Above [Member] | Residential Nonguaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	22,137	22,194
FICO Score 700 and Above [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	9,506	9,826
FICO Score 700 and Above [Member] | Residential Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	322	292
FICO Score 700 and Above [Member] | Consumer Other Direct [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	7,119	7,008
FICO Score 700 and Above [Member] | Consumer Indirect [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	7,945	7,642
FICO Score 700 and Above [Member] | Credit Card Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	927	974
FICO Score Between 620 and 699 | Residential Nonguaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	3,037	3,042
FICO Score Between 620 and 699 | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	1,468	1,540
FICO Score Between 620 and 699 | Residential Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2]	47	96
FICO Score Between 620 and 699 | Consumer Other Direct [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	736	703
FICO Score Between 620 and 699 | Consumer Indirect [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	2,368	2,381
FICO Score Between 620 and 699 | Credit Card Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4]	347	351
FICO Score Below 620 | Residential Nonguaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2],[5]	936	901
FICO Score Below 620 | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2],[5]	537	546
FICO Score Below 620 | Residential Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[2],[5]	11	16
FICO Score Below 620 | Consumer Other Direct [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4],[5]	49	60
FICO Score Below 620 | Consumer Indirect [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4],[5]	754	713
FICO Score Below 620 | Credit Card Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	[4],[5]	$ 85	$ 85

[1] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

[2] Excludes $549 million and $537 million of guaranteed residential loans at March 31, 2017 and December 31, 2016, respectively.

[3] Includes $221 million and $222 million of LHFI measured at fair value at March 31, 2017 and December 31, 2016, respectively.

[4] Excludes $6.4 billion and $6.2 billion of guaranteed student loans at March 31, 2017 and December 31, 2016, respectively.

[5] 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.

XML

LHFI by Credit Quality Indicator (Additional Information) (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other Real Estate	[1]	$ 62	$ 60
Loans and Leases Receivable, Gross	[2]	143,529	143,298
Federal National Mortgage Association (FNMA) Insured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross		549	537
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross		6,396	6,167
Federal Reserve Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		$ 17,000	$ 17,000

[1] Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by 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 property is conveyed and the funds are received. The receivable related to proceeds due from the FHA or the VA totaled $50 million at both March 31, 2017 and December 31, 2016.

[2] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

XML

Payment Status for the LHFI Portfolio (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017		Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Document Period End Date		Mar. 31, 2017
Accruing Current		$ 140,485		$ 140,130
Accruing 30-89 Days Past Due		1,028		1,035
Accruing 90+ Days Past Due		1,227		1,288
Nonaccruing	[2]	789	[1]	845	[3]
Total	[4]	143,529		143,298
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		68,601		68,776
Accruing 30-89 Days Past Due		31		35
Accruing 90+ Days Past Due		11		12
Nonaccruing		328		390
Total		68,971		69,213
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		5,057		4,988
Accruing 30-89 Days Past Due		2		1
Accruing 90+ Days Past Due		2		0
Nonaccruing		6		7
Total		5,067		4,996
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		5,067		4,996
Commercial Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		4,197		3,998
Accruing 30-89 Days Past Due		0		0
Accruing 90+ Days Past Due		0		0
Nonaccruing		18		17
Total		4,215		4,015
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		77,855		77,762
Accruing 30-89 Days Past Due		33		36
Accruing 90+ Days Past Due		13		12
Nonaccruing		352	[1]	414	[3]
Total		78,253		78,224
Federal National Mortgage Association (FNMA) Insured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		171		155
Accruing 30-89 Days Past Due		55		55
Accruing 90+ Days Past Due		323		327
Nonaccruing		0		0
Total		549		537
Residential Nonguaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		25,854	[5]	25,869	[6]
Accruing 30-89 Days Past Due		67	[5]	84	[6]
Accruing 90+ Days Past Due		10	[5]	7	[6]
Nonaccruing		179		177
Total	[7],[8]	26,110		26,137
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		11,201		11,596
Accruing 30-89 Days Past Due		73		81
Accruing 90+ Days Past Due		0		0
Nonaccruing		237		235
Total	[7]	11,511		11,912
Residential Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		367		389
Accruing 30-89 Days Past Due		1		3
Accruing 90+ Days Past Due		0		0
Nonaccruing		12		12
Total	[7]	380		404
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		37,593		38,009
Accruing 30-89 Days Past Due		196		223
Accruing 90+ Days Past Due		333		334
Nonaccruing		428	[1]	424	[3]
Total		38,550		38,990
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		4,862		4,637
Accruing 30-89 Days Past Due		667		603
Accruing 90+ Days Past Due		867		927
Nonaccruing		0		0
Total		6,396		6,167
Consumer Other Direct [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		7,865		7,726
Accruing 30-89 Days Past Due		31		35
Accruing 90+ Days Past Due		3		4
Nonaccruing		5		6
Total	[9]	7,904		7,771
Consumer Indirect [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		10,972		10,608
Accruing 30-89 Days Past Due		91		126
Accruing 90+ Days Past Due		0		1
Nonaccruing		4		1
Total	[9]	11,067		10,736
Credit Card Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		1,338		1,388
Accruing 30-89 Days Past Due		10		12
Accruing 90+ Days Past Due		11		10
Nonaccruing		0		0
Total	[9]	1,359		1,410
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing Current		25,037		24,359
Accruing 30-89 Days Past Due		799		776
Accruing 90+ Days Past Due		881		942
Nonaccruing		9	[1]	7	[3]
Total		$ 26,726		$ 26,084

[1] Nonaccruing loans past due 90 days or more totaled $348 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs, performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans.

[2] Nonaccruing restructured loans are included in total nonaccrual/NPLs.

[3] Nonaccruing loans past due 90 days or more totaled $360 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans.

[4] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

[5] Includes $221 million of loans measured at fair value, the majority of which were accruing current.

[6] Includes $222 million of loans measured at fair value, the majority of which were accruing current.

[7] Excludes $549 million and $537 million of guaranteed residential loans at March 31, 2017 and December 31, 2016, respectively.

[8] Includes $221 million and $222 million of LHFI measured at fair value at March 31, 2017 and December 31, 2016, respectively.

[9] Excludes $6.4 billion and $6.2 billion of guaranteed student loans at March 31, 2017 and December 31, 2016, respectively.

XML

Payment Status for the LHFI Portfolio (Additional Information) (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Loans Receivable, Fair Value Disclosure	$ 221	$ 222
Nonaccruing 90 Plus Days Past Due	348	360
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans Receivable, Fair Value Disclosure	$ 221	$ 222

XML

LHFI Considered Impaired (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Document Period End Date		Mar. 31, 2017
Impaired Financing Receivable, Unpaid Principal Balance		$ 3,395			$ 3,434
Impaired Financing Receivable, Recorded Investment	[1]	3,037			3,068
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		246			255
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		3,116		$ 3,220
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	32		32
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		255			266
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	187			214
Impaired Financing Receivable, Unpaid Principal Balance		203			225
Impaired Financing Receivable, Recorded Investment	[1]	148			151
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		25			31
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		240		364
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	[2]	1		2
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		165		161
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	1		0
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance		26			26
Impaired Financing Receivable, Recorded Investment	[1]	17			17
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		5			2
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		0		3
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method		0		0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		17		0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method		0	[2]	0
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		255			266
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	187			214
Impaired Financing Receivable, Unpaid Principal Balance		229			251
Impaired Financing Receivable, Recorded Investment	[1]	165			168
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		30			33
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		240		367
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	[2]	1		2
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		182		161
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	1		0
Residential Nonguaranteed [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		468			466
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	362			360
Impaired Financing Receivable, Unpaid Principal Balance		1,239			1,277
Impaired Financing Receivable, Recorded Investment	[1]	1,211			1,248
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		141			150
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		360		387
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	[2]	4		4
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		1,216		1,339
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	15		16
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance		894			863
Impaired Financing Receivable, Recorded Investment	[1]	829			795
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		57			54
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		833		705
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	8		7
Residential Construction [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		16			16
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	8			8
Impaired Financing Receivable, Unpaid Principal Balance		105			109
Impaired Financing Receivable, Recorded Investment	[1]	105			107
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		10			11
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		8		8
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method		0		0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		105		120
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	1		2
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		484			482
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	370			368
Impaired Financing Receivable, Unpaid Principal Balance		2,238			2,249
Impaired Financing Receivable, Recorded Investment	[1]	2,145			2,150
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		208			215
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		368		395
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	[2]	4		4
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		2,154		2,164
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	24		25
Consumer Other Direct [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance		59			59	[3]
Impaired Financing Receivable, Recorded Investment	[1]	59			59	[3]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		1			1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		58		12
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method		1	[2]	0
Consumer Indirect [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance		106			103
Impaired Financing Receivable, Recorded Investment	[1]	105			103
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		6			5
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		108		115
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	1		1
Credit Card Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance		24			24
Impaired Financing Receivable, Recorded Investment	[1]	6			6
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		1			1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		6		6
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	0		0
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance		189			186
Impaired Financing Receivable, Recorded Investment	[1]	170			168
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		8			$ 7
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		172		133
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	[2]	$ 2		$ 1

[1] Amortized cost reflects charge-offs that have been recognized plus other amounts that have been applied to adjust the net book balance.

[2] Of the interest income recognized during the three months ended March 31, 2017 and 2016, cash basis interest income was less than $1 million and $2 million, respectively.

[3] Includes $41 million of TDRs that were modified prior to 2016 and reclassified as TDRs in the fourth quarter of 2016.

XML

LHFI Considered Impaired (Additional Information) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017		Dec. 31, 2016	Mar. 31, 2016
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 130	[1]		$ 108	[2]
Impaired Financing Receivable, Interest Income, Cash Basis Method	1			2
Accrual Loans [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 2,500		$ 2,500
Percentage Of Accruing Troubled Debt Restructurings, Current	98.00%		97.00%
Consumer Other Direct [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1			$ 1	[2]
Consumer Other Direct [Member] | Loans modified prior to 2016 [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment			$ 41

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

[2] Includes loans modified under the terms of a TDR that were charged-off during the period

XML

Nonperforming Assets (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017		Dec. 31, 2016
Document Period End Date		Mar. 31, 2017
Nonaccruing	[2]	$ 789	[1]	$ 845	[3]
OREO	[4]	62		60
Other repossessed assets		7		14
Total nonperforming assets		858		919
Commercial and Industrial [Member]
Nonaccruing		328		390
Commercial Real Estate [Member]
Nonaccruing		6		7
Commercial Construction [Member]
Nonaccruing		18		17
Residential Nonguaranteed [Member]
Nonaccruing		179		177
Home Equity Line of Credit [Member]
Nonaccruing		237		235
Residential Construction [Member]
Nonaccruing		12		12
Consumer Other Direct [Member]
Nonaccruing		5		6
Consumer Indirect [Member]
Nonaccruing		$ 4		$ 1

[1] Nonaccruing loans past due 90 days or more totaled $348 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs, performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans.

[2] Nonaccruing restructured loans are included in total nonaccrual/NPLs.

[3] Nonaccruing loans past due 90 days or more totaled $360 million. Nonaccruing loans past due fewer than 90 days include modified nonaccrual loans reported as TDRs and performing second lien loans where the first lien loan is nonperforming, and certain energy-related commercial loans.

[4] Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by 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 property is conveyed and the funds are received. The receivable related to proceeds due from the FHA or the VA totaled $50 million at both March 31, 2017 and December 31, 2016.

XML

Nonperforming Assets (Additional Information) (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Other Real Estate	[1]	$ 62	$ 60
Accrual Loans [Member]
Financing Receivable, Modifications, Recorded Investment		2,500	2,500
Mortgage Loans in Process of Foreclosure, Amount	[2]	127	122
Proceeds due from FHA or VA [Member]
Mortgage Loans in Process of Foreclosure, Amount	[2]	119	114
Other Real Estate		50	50
Nonaccrual loans [Member]
Mortgage Loans in Process of Foreclosure, Amount	[2]	94	85
Residential Portfolio Segment [Member]
Other Real Estate	[1]	52	50
Commercial Portfolio Segment [Member]
Other Real Estate	[1]	$ 8	$ 7

[1] Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by 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 property is conveyed and the funds are received. The receivable related to proceeds due from the FHA or the VA totaled $50 million at both March 31, 2017 and December 31, 2016.

[2] Nonaccruing restructured loans are included in total nonaccrual/NPLs.

XML

Loans TDR Modifications (Details) $ in Millions		3 Months Ended
		Mar. 31, 2017 USD ($) contracts		Mar. 31, 2016 USD ($) contracts
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts		1,633	[1]	1,543	[2]
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted	[1],[3]	$ 1
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted		5	[1]	$ 39	[2]
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted		124	[1]	69	[2]
Financing Receivable, Amount Restructured During Period		$ 130	[1]	$ 108	[2]
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts		24	[1]	12	[2]
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted		$ 0
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted		0		$ 0
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted		41	[1]	2	[2]
Financing Receivable, Amount Restructured During Period		$ 41	[1]	$ 2	[2]
Commercial Construction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts	[2]			1
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted				$ 0
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted				0
Financing Receivable, Amount Restructured During Period				$ 0
Residential Nonguaranteed [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts		34	[1]	120	[2]
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted	[1],[3]	$ 1
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted		4	[1]	$ 31	[2]
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted		1	[1]	3	[2]
Financing Receivable, Amount Restructured During Period		$ 6	[1]	$ 34	[2]
Home Equity Line of Credit [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts		695	[1]	732	[2]
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted		$ 0
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted		0		$ 7	[2]
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted		67	[1]	52	[2]
Financing Receivable, Amount Restructured During Period		$ 67	[1]	$ 59	[2]
Consumer Other Direct [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts		110	[1]	23	[2]
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted		$ 0
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted		0		$ 0
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted		1		1	[2]
Financing Receivable, Amount Restructured During Period		$ 1		$ 1	[2]
Consumer Indirect [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts		581	[1]	486	[2]
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted		$ 0
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted		0		$ 0
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted		14	[1]	11	[2]
Financing Receivable, Amount Restructured During Period		$ 14	[1]	$ 11	[2]
Credit Card Receivable [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Restructured During Period, Number Of Contracts | contracts		189	[1]	169	[2]
Financing Receivable, Amount Restructured During Period, Principal Forgiveness Granted		$ 0
Financing Receivable, Amount Restructured During Period, Rate Modifications Granted		1	[1]	$ 1	[2]
Financing Receivable, Amount Restructured During Period, Term Extension and/or Other Concessions Granted		0		0
Financing Receivable, Amount Restructured During Period		$ 1	[1]	$ 1	[2]

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

[2] Includes loans modified under the terms of a TDR that were charged-off during the period

[3] Restructured loans which had forgiveness of amounts contractually due under the terms of the loan may have had other concessions including rate modifications and/or term extensions. The total amount of charge-offs associated with principal forgiveness during the three months ended March 31, 2017 was immaterial.

XML

Activity in the Allowance for Credit Losses (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Components:
Allowance for credit losses		$ 1,783	$ 1,831	$ 1,776	$ 1,815
Provision for loan losses		117	103
Provision for Other Credit Losses		2	(2)
Allowance for Loan and Lease Losses, Write-offs		(146)	(112)
Loan recoveries		34	27
Loans and Leases Receivable, Allowance		1,714	1,770	$ 1,709	$ 1,752
Unfunded commitments reserve	[1]	$ 69	$ 61

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

XML

Activity in the ALLL by segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Provision for loan losses	$ 117	$ 103
Allowance for Loan and Lease Losses, Write-offs	(146)	(112)
Loan recoveries	34	27
Loans and Leases Receivable, Allowance	1,714	1,770	$ 1,709	$ 1,752
Commercial Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Provision for loan losses	46	98
Allowance for Loan and Lease Losses, Write-offs	(63)	(32)
Loan recoveries	13	10
Loans and Leases Receivable, Allowance	1,120	1,123	1,124	1,047
Residential Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Provision for loan losses	5	(32)
Allowance for Loan and Lease Losses, Write-offs	(29)	(41)
Loan recoveries	9	6
Loans and Leases Receivable, Allowance	354	467	369	534
Consumer Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Provision for loan losses	66	37
Allowance for Loan and Lease Losses, Write-offs	(54)	(39)
Loan recoveries	12	11
Loans and Leases Receivable, Allowance	$ 240	$ 180	$ 216	$ 171

XML

Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Individually evaluated		$ 3,037	$ 3,068
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		246	255
Collectively evaluated		140,271	140,008
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		1,468	1,454
Total evaluated		143,308	143,076
Loans And Leases Receivable Allowance Loans Evaluated For Impairment Excluding Fair Value Loans		1,714	1,709
Loans Receivable, Fair Value Disclosure		221	222
Total	[1]	143,529	143,298
Loans and Leases Receivable, Allowance		1,714	1,709	$ 1,770	$ 1,752
Commercial Portfolio Segment [Member]
Individually evaluated		352	382
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		30	33
Collectively evaluated		77,901	77,842
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		1,090	1,091
Total evaluated		78,253	78,224
Loans And Leases Receivable Allowance Loans Evaluated For Impairment Excluding Fair Value Loans		1,120	1,124
Loans Receivable, Fair Value Disclosure		0	0
Total		78,253	78,224
Loans and Leases Receivable, Allowance		1,120	1,124	1,123	1,047
Residential Portfolio Segment [Member]
Individually evaluated		2,515	2,518
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		208	215
Collectively evaluated		35,814	36,250
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		146	154
Total evaluated		38,329	38,768
Loans And Leases Receivable Allowance Loans Evaluated For Impairment Excluding Fair Value Loans		354	369
Loans Receivable, Fair Value Disclosure		221	222
Total		38,550	38,990
Loans and Leases Receivable, Allowance		354	369	467	534
Consumer Portfolio Segment [Member]
Individually evaluated		170	168
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		8	7
Collectively evaluated		26,556	25,916
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		232	209
Total evaluated		26,726	26,084
Loans And Leases Receivable Allowance Loans Evaluated For Impairment Excluding Fair Value Loans		240	216
Loans Receivable, Fair Value Disclosure		0	0
Total		26,726	26,084
Loans and Leases Receivable, Allowance		$ 240	$ 216	$ 180	$ 171

[1] Includes loans of consolidated VIEs of $201 million and $211 million at March 31, 2017 and December 31, 2016, respectively.

XML

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 15, 2016	Jun. 30, 2015
Bank Servicing Fees		$ 58	$ 62
Principal Amount Outstanding of Loans Serviced	[1]	28,700		$ 27,700
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement		284,670		278,197
Principal Amount Outstanding of Loans Serviced For Third Parties		23,700		22,900
Servicing Asset at Fair Value, Amount		1,645		1,572
Mortgage Servicing Rights, Fair Value [Member]
Bank Servicing Fees		101	87
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement		164,500		160,200
Principal Amount Outstanding of Loans Serviced For Third Parties		135,600		129,600
Unpaid Principal Balance of Outstanding Underlying MSRs Purchased		0	8,100
Principal Amount Sold on Loans Serviced for Third Parties		64	221
Servicing Asset at Fair Value, Amount		1,645	1,182	1,572	$ 1,307
Asset-backed Securities, Securitized Loans and Receivables [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	138,313		131,914
indirect auto loan servicing rights [Member]
Bank Servicing Fees		1	2
Servicing Asset							$ 13
Servicing Asset at Fair Value, Amount		3		4
Commercial Mortgage Servicing Rights [Member]
Servicing Asset at Amortized Cost		63		62
Bank Servicing Fees		5	0
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement		5,000		4,800
Servicing Asset at Fair Value, Amount		65		$ 62
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		$ 62				$ 62
Finite-Lived Intangible Asset, Useful Life		7 years		7 years
Consumer Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	$ 448		$ 512
Proceeds from Securitizations of Consumer Loans					$ 1,000
Pillar Financial [Member]
Bank Servicing Fees		$ 4	$ 0

[1] Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

XML

Goodwill and Other Intangible Assets - Changes in the Carrying Amount of Goodwill by Reportable Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Goodwill [Line Items]
Goodwill	$ 6,338	$ 6,337
Goodwill, Purchase Accounting Adjustments	1
Consumer Banking and Private Wealth Management [Member]
Goodwill [Line Items]
Goodwill	4,262	4,262
Goodwill, Purchase Accounting Adjustments	0
Wholesale Banking [Member]
Goodwill [Line Items]
Goodwill	2,076	$ 2,075
Goodwill, Purchase Accounting Adjustments	$ 1

XML

Goodwill and Other Intangible Assets - Changes in the Carrying Amounts of Other Intangible Assets (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Servicing Asset at Fair Value, Other Changes that Affect Balance		$ 0
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	[1]	(1)
Servicing Asset at Fair Value, Amount		1,645		$ 1,572
Intangible Assets, Net (Excluding Goodwill)		1,729	$ 1,198	1,657	$ 1,325
Amortization	[2]	(5)	(2)
Origination of Mortgage Servicing Rights (MSRs)		101	46
Servicing Assets at Fair Value, Purchased			77
Due to changes in inputs or assumptions	[3]	27	(204)
Servicing Asset at Fair Value, Other Changes in Fair Value	[4]	(50)	(43)
Servicing Asset at Fair Value, Disposals			(1)
Mortgage Servicing Rights, Fair Value [Member]
Servicing Asset at Fair Value, Amount		1,645	1,182	1,572	1,307
Amortization	[2]	0	0
Origination of Mortgage Servicing Rights (MSRs)		96	46
Servicing Assets at Fair Value, Purchased			77
Due to changes in inputs or assumptions	[3]	27	(204)
Servicing Asset at Fair Value, Other Changes in Fair Value	[4]	(50)	(43)
Servicing Asset at Fair Value, Disposals			(1)
Other Intangible Assets [Member]
Intangible Assets, Net (Excluding Goodwill)		84	16	85	$ 18
Amortization	[2]	(5)	(2)
Origination of Mortgage Servicing Rights (MSRs)		5	0
Servicing Assets at Fair Value, Purchased			0
Due to changes in inputs or assumptions	[3]	0	0
Servicing Asset at Fair Value, Other Changes in Fair Value	[4]	0	0
Servicing Asset at Fair Value, Disposals			$ 0
Commercial Mortgage Servicing Rights [Member]
Servicing Asset at Fair Value, Amount		$ 65		$ 62

[1] Represents measurement period adjustment on other intangible assets previously acquired in Pillar acquisition. See Note 2, "Acquisitions/Dispositions," for additional information.

[2] Does not include expense associated with non-qualified community development investments. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.

[3] Primarily reflects changes in option adjusted spreads and prepayment speed assumptions, due to changes in interest rates.

[4] Represents changes due to the collection of expected cash flows, net of accretion due to the passage of time.

XML

Goodwill and Other Intangible Assets Intangible Assets Schedule of Future Amortization (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	[1]	$ 5	$ 2
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	[1]	5	2
Mortgage Servicing Rights, Fair Value [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	[1]	$ 0	$ 0

[1] Does not include expense associated with non-qualified community development investments. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.

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Goodwill and Other Intangible Assets - Summary of the Key Characteristics, Inputs, and Economic Assumptions Used to Estimate the Fair Value of the Company's MSRs (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Document Period End Date	Mar. 31, 2017
Servicing Asset at Fair Value, Amount	$ 1,645	$ 1,572
Mortgage Servicing Rights, Fair Value [Member]
Prepayment rate assumption (annual)	13.00%	9.00%
Decline in fair value from 10% adverse change	$ 57	$ 50
Decline in fair value from 20% adverse change	$ 109	$ 97
Discount rate (annual)	8.00%	8.00%
Decline in fair value from 10% adverse change	$ 76	$ 63
Decline in fair value from 20% adverse change	$ 144	$ 122
Weighted-average life (in years)	5 years 3 months	7 years
Weighted-average coupon	4.00%	4.00%
Commercial Mortgage Servicing Rights [Member]
Servicing Asset at Fair Value, Amount	$ 65	$ 62
Finite-Lived Intangible Asset, Useful Life	7 years	7 years
indirect auto loan servicing rights [Member]
Servicing Asset at Fair Value, Amount	$ 3	$ 4
Mortgage Servicing Rights, Fair Value [Member]
Servicing Asset at Fair Value, Amount	$ 1,645	$ 1,572	$ 1,182	$ 1,307

XML

Certain Transfers of Financial Assets and Variable Interest Entities - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2016
Cash Flows Between Transferor and Transferee, Receipts on Transferor's Interest in Transferred Financial Assets, Other		$ 2	$ 3
Total assets		205,642			$ 204,875
Total liabilities		182,158			181,257
Long-term Debt	[1]	10,496			11,748
Potential loss on securitization of loans		448
Derivative Asset, Notional Amount		$ 119,513			133,395
Document Period End Date		Mar. 31, 2017
Trading assets	[2]	$ 6,007			6,067
Other Assets		6,700			6,405
Affordable Housing Tax Credits and Other Tax Benefits, Amount		25	19
Amortization Method Qualified Affordable Housing Project Investments, Amortization		24	19
Amortization of Intangible Assets	[3]	5	2
Amortization		13	10
Affordable Housing Investment [Member]
Properties sold, carrying value		1
Gain (Loss) on Sale of Properties		4
Variable Interest Entity, Not Primary Beneficiary [Member] | Community Development Investments [Member]
Investment Tax Credit		17	13
Amortization of Intangible Assets		12	9
Variable Interest Entity, Primary Beneficiary [Member]
Long-term Debt		214			222
Residential Mortgage [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Loans and Leases Receivable, Gain (Loss) on Sales, Net		(4)	$ 69
Transferor's Interests in Transferred Financial Assets, Fair Value		29			30
Total assets		196			203
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount		29			30
Commercial and Corporate Loans [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Loans and Leases Receivable, Gain (Loss) on Sales, Net		9
Total assets					185
Total liabilities					159
Student Loans [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Loans Receivable, Net		216			225
Long-term Debt		$ 214			222
Student Loans [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Maximum [Member]
Government Guarantee Percent		100.00%
Total Return Swap [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Derivative Asset, Notional Amount		$ 2,100			2,100
Trading assets		2,100			2,100
Community Development Investments [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Total assets		1,900			1,700
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount		612			562
Real Estate Variable Interest Entity Borrowings		217			200
Limited Partner [Member] | Community Development Investments [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Other Assets		834			780
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount		1,150			1,076
Loans issued by the Company to the limited partnerships		$ 338			$ 306
Consumer Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member]
Proceeds from Securitizations of Consumer Loans				$ 1,000

[1] Includes debt of consolidated VIEs of $214 million and $222 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral of $1,229 million and $1,437 million at March 31, 2017 and December 31, 2016, respectively.

[3] Does not include expense associated with non-qualified community development investments. See Note 9, "Certain Transfers of Financial Assets and Variable Interest Entities," for additional information.

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Portfolio Balances and Delinquency Balances Based on 90 days or more Past Due and Net Charge-Offs Related to Managed Portfolio Loans (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Document Period End Date		Mar. 31, 2017
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement		$ 284,670		$ 278,197
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement		2,563		2,686
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		115	$ 88
Commercial Portfolio Segment [Member]
Principal Amount Outstanding of Loans Held-in-portfolio		78,253		78,224
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement		365		426
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		50	22
Residential Portfolio Segment [Member]
Principal Amount Outstanding of Loans Held-in-portfolio		38,550		38,990
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement		761		758
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		20	35
Consumer Portfolio Segment [Member]
Principal Amount Outstanding of Loans Held-in-portfolio		26,726		26,084
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement		890		949
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		42	28
Loans and Finance Receivables [Member]
Principal Amount Outstanding of Loans Held-in-portfolio		143,529		143,298
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement		2,016		2,133
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		112	85
Asset-backed Securities, Securitized Loans and Receivables [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	138,313		131,914
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	132		115
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		3	3
Loans [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[2]	2,828		2,985
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement	[2]	415		438
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		0	0
Commercial Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1],[3]	5,060		4,761
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1],[3]	0		0
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		0	0
Consumer Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	448		512
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	1		1
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement		1	1
Residential Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	132,805		126,641
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	131		$ 114
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement	[4]	$ 2	$ 2

[1] Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

[2] Comprised of unsecuritized residential loans the Company originated and sold to private investors with servicing rights retained. Net charge-offs on these loans are not presented in the table as the data is not reported to the Company by the private investors that own these related loans.

[3] Comprised of commercial mortgages sold through Fannie Mae, Freddie Mac, and Ginnie Mae securitizations, whereby servicing has been retained by the Company.

[4] Net charge-offs are associated with $392 million and $410 million of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively. Net charge-off data is not reported to the Company for the remaining balance of $132.4 billion and $126.2 billion of managed securitized residential loans at March 31, 2017 and December 31, 2016, respectively.

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Certain Transfers of Financial Assets and Variable Interest Entities Portfolio Balances and Delinquency Balances Based on 90 days or more Past Due and Net Charge-Offs Related to Managed Portfolio Loans (Additional Information) (Details) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Statement [Line Items]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement		$ 284,670	$ 278,197
Principal Amount Outstanding of Loans Serviced For Third Parties		23,700	22,900
Asset-backed Securities, Securitized Loans and Receivables [Member]
Statement [Line Items]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	138,313	131,914
Residential Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member]
Statement [Line Items]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1]	132,805	126,641
Residential Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member] | STI Sponsored Securitizations [Member]
Statement [Line Items]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement		392	410
Residential Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member] | Managed Securitized Loans [Member]
Statement [Line Items]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement		132,413	126,231
Commercial Portfolio Segment [Member] | Asset-backed Securities, Securitized Loans and Receivables [Member]
Statement [Line Items]
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	[1],[2]	$ 5,060	$ 4,761

[1] Excludes loans that have completed the foreclosure or short sale process (i.e., involuntary prepayments).

[2] Comprised of commercial mortgages sold through Fannie Mae, Freddie Mac, and Ginnie Mae securitizations, whereby servicing has been retained by the Company.

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Net Income per common share - Additonal Information (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1	8
Document Period End Date	Mar. 31, 2017

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Reconciliation of Net Income to Net Income Available to Common Shareholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Document Period End Date		Mar. 31, 2017
Net Income (Loss) Attributable to Parent		$ 468	$ 447
Dividends, Preferred Stock, Cash	[1]	(17)	(17)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic		0	0
Net Income (Loss) Available to Common Stockholders, Basic		$ 451	$ 430
Average basic common shares		490,091	505,482
Stock options		1,000	2,000
Restricted stock		5,000	3,000
Weighted Average Number of Shares Outstanding, Diluted		496,002	509,931
Net income/(loss) per average common share - diluted		$ 0.91	$ 0.84
Earnings Per Share, Basic		$ 0.92	$ 0.85

[1] For the three months ended March 31, 2017, dividends were $1,000 per share for both Perpetual Preferred Stock Series A and B, $1,469 per share for Perpetual Preferred Stock Series E, and $1,406 per share for Perpetual Preferred Stock Series F.For the three months ended March 31, 2016, dividends were $1,011 per share for both Perpetual Preferred Stock Series A and B, $1,469 per share for Perpetual Preferred Stock Series E, and $1,406 per share for Perpetual Preferred Stock Series F.

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Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Taxes Other Information [Line Items]
Document Period End Date	Mar. 31, 2017
Income Tax Expense (Benefit)	$ 159	$ 195
Effective Income Tax Rate Reconciliation, Percent	25.00%	30.00%
Other Tax Expense (Benefit)	$ 22

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Stock-Based Compensation Expense Recognized in Noninterest Expense (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Document Period End Date		Mar. 31, 2017
Stock-based compensation expense:
Stock or Unit Option Plan Expense		$ 34	$ 18
Restricted Stock or Unit Expense		0	2
Performance Stock Units	[1]	24	7
Share-based Compensation		58	27
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options		$ 22	$ 10

[1] Phantom stock units are settled in cash.

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Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Pension Plan [Member]
Defined Benefit Plan, Service Cost	[1]	$ 1	$ 1
Defined Benefit Plan, Interest Cost	[1]	24	24
Defined Benefit Plan, Expected Return on Plan Assets	[1]	(48)	(46)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	[1]	0	0
Defined Benefit Plan, Amortization of Gains (Losses)	[1]	6	6
Defined Benefit Plan, Net Periodic Benefit Cost	[1]	(17)	(15)
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan, Service Cost		0	0
Defined Benefit Plan, Interest Cost		0	0
Defined Benefit Plan, Expected Return on Plan Assets		(1)	(1)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)		(1)	(1)
Defined Benefit Plan, Amortization of Gains (Losses)		0	0
Defined Benefit Plan, Net Periodic Benefit Cost		$ (2)	$ (2)

[1] Administrative fees are recognized in service cost for each of the periods presented.

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Guarantees - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended
	May 31, 2009	Mar. 31, 2017	Dec. 31, 2016
Derivative Liability, Fair Value, Gross Asset		$ 2,747	$ 3,239
Standby Letters of Credit [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted		2,800	2,900
Mortgage Servicing Rights [Member]
Loss Contingency Accrual, at Carrying Value		6	7
Visa Interest [Member]
Derivative Liability, Fair Value, Gross Asset		15	15
Derivative Financial Instruments, Liabilities [Member] | Visa Interest [Member]
Number Of Shares Sold To Selected Financial Institutions	3.2
Not Designated as Hedging Instrument [Member] | Derivative Financial Instruments, Liabilities [Member] | Visa Interest [Member]
Number Of Shares Sold To Selected Financial Institutions	3.2
Guarantee of Indebtedness of Others [Member]
Loss Contingency Related Loans Unpaid Principal Balance		3,100	2,900
Guarantor Obligations, Maximum Exposure, Undiscounted		869	787
Loss Contingency Accrual, at Carrying Value		$ 6	$ 6

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Guarantees Repurchase Requests (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016		Dec. 31, 2016	Dec. 31, 2015
Guarantees [Abstract]
Unpaid Principal Balance Of Unresolved Repurchase Requests	$ 6	[1]	$ 14	[1]	$ 14	$ 17
Unpaid Principal Balance of Repurchase Requests Received	10		11
Unpaid Principal Balance of Repurchase Requests Resolved by Repurchase	(4)		(5)
Unpaid Principal Balance of Repurchase Requests Resolved by Settlement	(14)		(9)
Unpaid Principal Balance of Repurchase Request Loans Resolved	$ (18)		$ (14)
Pending Repurchase Requests from Non-Agency Investors	11.50%		32.60%
Repurchase Requests Received from Non-Agency Investors	6.80%		0.00%

[1] Comprised of $5 million and $9 million from the GSEs, and $1 million and $5 million from non-agency investors at March 31, 2017 and 2016, respectively.

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Guarantees Repurchase Requests (Additional Information) (Details) - USD ($) $ in Millions	Mar. 31, 2017		Dec. 31, 2016	Mar. 31, 2016		Dec. 31, 2015
Unpaid Principal Balance Of Unresolved Repurchase Requests	$ 6	[1]	$ 14	$ 14	[1]	$ 17
US Government Sponsored Agency [Member]
Unpaid Principal Balance Of Unresolved Repurchase Requests	5			9
Non-Government Sponsored Agency [Member]
Unpaid Principal Balance Of Unresolved Repurchase Requests	$ 1			$ 5

[1] Comprised of $5 million and $9 million from the GSEs, and $1 million and $5 million from non-agency investors at March 31, 2017 and 2016, respectively.

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Guarantees Mortgage Loans Repurchase Reserve Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Guarantees [Abstract]
Reserve For Mortgage Loan Repurchase Losses	$ 40	$ 55	$ 40	$ 57
Mortgage Repurchase Reserve, Provision for Mortgage Loan Repurchase Losses	$ 0	$ (2)

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Guarantees Repurchased Mortgage Loan (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Repurchased mortgage loans, carrying value	$ 235	$ 242
Performing Financial Instruments [Member] | Loans Held For Investment [Member]
Repurchased mortgage loans, carrying value	222	230
Nonperforming Financing Receivable [Member] | Loans Held For Investment [Member]
Repurchased mortgage loans, carrying value	$ 13	$ 12

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Derivative Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017		Dec. 31, 2016
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 90
Derivative Asset, Fair Value, Gross Asset	3,887		$ 4,514
Derivative Liability, Fair Value, Gross Liability	4,487		4,902
Netted counterparty balance gains [Member]
Fair Value, Concentration of Risk, Derivative Instruments, Assets	950		1,100
Netted counterparty balance [Member]
Fair Value, Concentration of Risk, Derivative Instruments, Assets	626		774
Derivative Asset, Fair Value of Collateral	324		339
Derivative Credit Risk Valuation Adjustment, Derivative Assets	7		6
Credit Default Swap, Buying Protection [Member]
Derivative, Notional Amount	10		135
Credit Risk Derivatives, at Fair Value, Net	1		3
Derivative liability positions containing provisions conditioned on downgrades [Member]
Derivative Liability, Fair Value, Gross Liability	1,200		1,100
Additional Termination Event [Member]
Derivative Liability, Fair Value, Gross Liability	1
Total Return Swap [Member]
Derivative, Notional Amount	2,100		2,100
Derivative Asset, Fair Value, Gross Asset	28		34
Derivative Liability, Fair Value, Gross Liability	24		31
Collateral Already Posted, Aggregate Fair Value	$ 483		$ 450
Financial Guarantee [Member]
Derivative, Average Remaining Maturity	6 years		8 years 6 months
Credit Derivative, Maximum Exposure, Undiscounted	$ 67		$ 95
Credit Support Annex [Member]
Derivative Liability, Fair Value, Gross Liability	1,200
Collateral Already Posted, Aggregate Fair Value	$ 1,100
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative, Average Remaining Maturity	4 years 2 months		4 years 1 month
Derivative Asset, Fair Value, Gross Asset	$ 4	[1]	$ 34	[2]
Derivative Liability, Fair Value, Gross Liability	248	[1]	$ 265	[2]
Maximum [Member] | Additional Termination Event [Member]
Derivative Liability, Fair Value, Gross Liability	$ 14
Maximum [Member] | Financial Guarantee [Member]
Derivative, Remaining Maturity	10 years		31 years
Maximum [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative, Remaining Maturity	6 years		6 years
Minimum [Member] | Financial Guarantee [Member]
Derivative, Remaining Maturity	1 year		1 year
Minimum [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative, Remaining Maturity	1 year		1 year
Ba1/BB [Member] | Credit Support Annex [Member]
Additional Collateral, Aggregate Fair Value	$ 7
Baa3/BBB- [Member] | Credit Support Annex [Member]
Additional Collateral, Aggregate Fair Value	$ 2

[1] See “Cash Flow Hedges” in this Note for further discussion.

[2] See “Cash Flow Hedges” in this Note for further discussion.

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Derivative Positions (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017		Dec. 31, 2016
Document Period End Date		Mar. 31, 2017
Derivative Asset, Notional Amount		$ 119,513		$ 133,395
Derivative Asset, Fair Value, Gross Asset		3,887		4,514
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement		4,487		4,902
Derivative Liability, Notional Amount		153,545		153,160
Derivative Liability, Fair Value, Gross Liability		4,487		4,902
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement		3,887		4,514
Derivative, Fair Value, Amount Offset Against Collateral, Net		2,747		3,239
Derivative Liability, Fair Value, Gross Asset		(2,747)		(3,239)
Derivative Asset, Collateral, Obligation to Return Cash, Offset		(277)		(291)
Derivative Liability, Collateral, Right to Reclaim Cash, Offset		(1,379)		(1,265)
Derivative Assets	[1]	(863)		(984)
Derivative Liabilities	[2]	361		398
Credit Risk Contract [Member]
Derivative Asset, Notional Amount		4		5
Derivative Liability, Notional Amount		12		13
Credit Default Swap, Buying Protection [Member]
Credit Risk Derivatives, at Fair Value, Net		1		3
Not Designated as Hedging Instrument [Member]
Derivative Asset, Notional Amount		113,383	[3]	126,335	[4]
Derivative Asset, Fair Value, Gross Asset		3,877	[3]	4,478	[4]
Derivative Liability, Notional Amount		139,225	[3]	137,570	[4]
Derivative Liability, Fair Value, Gross Liability		4,197	[3]	4,556	[4]
Not Designated as Hedging Instrument [Member] | Mortgage Servicing Rights [Member]
Derivative Asset, Notional Amount		9,608	[3],[5]	12,165	[4],[6]
Derivative Asset, Fair Value, Gross Asset		84	[3],[5]	413	[4],[6]
Derivative Liability, Notional Amount		20,242	[3],[5]	18,774	[4],[6]
Derivative Liability, Fair Value, Gross Liability		115	[3],[5]	335	[4],[6]
Not Designated as Hedging Instrument [Member] | Loans Held For Sale [Member]
Derivative Asset, Notional Amount		3,718	[3],[7]	11,774	[4],[8]
Derivative Asset, Fair Value, Gross Asset		16	[3],[7]	134	[4],[8]
Derivative Liability, Notional Amount		6,649	[3],[7]	8,306	[4],[8]
Derivative Liability, Fair Value, Gross Liability		25	[3],[7]	58	[4],[8]
Not Designated as Hedging Instrument [Member] | Loans [Member]
Derivative Asset, Notional Amount		110	[3]	100	[4]
Derivative Asset, Fair Value, Gross Asset		2	[3]	2	[4]
Derivative Liability, Notional Amount		51	[3]	36	[4]
Derivative Liability, Fair Value, Gross Liability		1	[3]	1	[4]
Not Designated as Hedging Instrument [Member] | Loans [Member] | Credit Risk Contract [Member]
Derivative Asset, Notional Amount		15	[3]	15	[4]
Derivative Asset, Fair Value, Gross Asset		0	[3]	0	[4]
Derivative Liability, Notional Amount		495	[3]	620	[4]
Derivative Liability, Fair Value, Gross Liability		6	[3]	8	[4]
Not Designated as Hedging Instrument [Member] | Other Trading [Member] | Interest Rate Contract [Member]
Derivative Asset, Notional Amount		67,926	[3],[9]	70,599	[4],[10]
Derivative Asset, Fair Value, Gross Asset		1,253	[3],[9]	1,536	[4],[10]
Derivative Liability, Notional Amount		68,532	[3],[9]	67,477	[4],[10]
Derivative Liability, Fair Value, Gross Liability		1,165	[3],[9]	1,401	[4],[10]
Not Designated as Hedging Instrument [Member] | Other Trading [Member] | Credit Risk Contract [Member]
Derivative Asset, Notional Amount		2,107	[3],[11]	2,128	[4],[12]
Derivative Asset, Fair Value, Gross Asset		28	[3],[11]	34	[4],[12]
Derivative Liability, Notional Amount		2,125	[3],[11]	2,271	[4],[12]
Derivative Liability, Fair Value, Gross Liability		24	[3],[11]	33	[4],[12]
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Asset, Notional Amount		3,598	[3]	3,231	[4]
Derivative Asset, Fair Value, Gross Asset		119	[3]	161	[4]
Derivative Liability, Notional Amount		3,632	[3]	3,360	[4]
Derivative Liability, Fair Value, Gross Liability		112	[3]	148	[4]
Not Designated as Hedging Instrument [Member] | Equity Contract [Member]
Derivative Asset, Notional Amount		22,852	[3],[9]	23,164	[4],[10]
Derivative Asset, Fair Value, Gross Asset		2,290	[3],[9]	2,095	[4],[10]
Derivative Liability, Notional Amount		36,432	[3],[9]	35,312	[4],[10]
Derivative Liability, Fair Value, Gross Liability		2,684	[3],[9]	2,477	[4],[10]
Not Designated as Hedging Instrument [Member] | Other Contract [Member]
Derivative Asset, Notional Amount		2,618	[3],[13]	2,412	[4],[14]
Derivative Asset, Fair Value, Gross Asset		32	[3],[13]	28	[4],[14]
Derivative Liability, Notional Amount		239	[3],[13]	668	[4],[14]
Derivative Liability, Fair Value, Gross Liability		15	[3],[13]	22	[4],[14]
Not Designated as Hedging Instrument [Member] | Commodity [Member]
Derivative Asset, Notional Amount		831	[3]	747	[4]
Derivative Asset, Fair Value, Gross Asset		53	[3]	75	[4]
Derivative Liability, Notional Amount		828	[3]	746	[4]
Derivative Liability, Fair Value, Gross Liability		50	[3]	73	[4]
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Asset, Notional Amount		4,850	[15]	6,400	[16]
Derivative Asset, Fair Value, Gross Asset		4	[15]	34	[16]
Derivative Liability, Notional Amount		10,600	[15]	11,050	[16]
Derivative Liability, Fair Value, Gross Liability		248	[15]	265	[16]
Fair Value Hedging [Member] | Interest Rate Contract [Member]
Derivative Asset, Notional Amount		1,280	[17]	660	[18]
Derivative Asset, Fair Value, Gross Asset		6	[17]	2	[18]
Derivative Liability, Notional Amount		3,720	[17]	4,540	[18]
Derivative Liability, Fair Value, Gross Liability		42	[17]	81	[18]
Fair Value Hedging [Member] | Fixed Income Interest Rate [Member]
Derivative Asset, Notional Amount		1,250	[17]	600	[18]
Derivative Asset, Fair Value, Gross Asset		6	[17]	2	[18]
Derivative Liability, Notional Amount		3,660	[17]	4,510	[18]
Derivative Liability, Fair Value, Gross Liability		42	[17]	81	[18]
Fair Value Hedging [Member] | Brokered Time Deposits [Member]
Derivative Asset, Notional Amount		30	[17]	60	[18]
Derivative Asset, Fair Value, Gross Asset		0	[17]	0	[18]
Derivative Liability, Notional Amount		60	[17]	30	[18]
Derivative Liability, Fair Value, Gross Liability		0	[17]	0	[18]
Interest rate futures [Member] | Mortgage Servicing Rights [Member]
Derivative Liability, Notional Amount		7,900		6,700
Interest rate futures [Member] | Loans Held For Sale [Member]
Derivative Asset, Notional Amount		913		720
Interest rate futures [Member] | Other Trading [Member]
Derivative Asset, Notional Amount		$ 11,600		$ 12,300

[1] At March 31, 2017, $863 million, net of $277 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $984 million, net of $291 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.

[2] At March 31, 2017, $361 million, net of $1.4 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $398 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.

[3] See “Economic Hedging and Trading Activities” in this Note for further discussion.

[4] See “Economic Hedging and Trading Activities” in this Note for further discussion.

[5] Amount includes $7.9 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

[6] Amount includes $6.7 billion of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

[7] Amount includes $913 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

[8] Amount includes $720 million of notional amounts related to interest rate futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table.

[9] Amounts include $11.6 billion of notional amounts related to interest rate futures and $710 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

[10] Amounts include $12.3 billion of notional amounts related to interest rate futures and $629 million of notional amounts related to equity futures. These futures contracts settle in cash daily, one day in arrears. The derivative asset or liability associated with the one day lag is included in the fair value column of this table. Amounts also include notional amounts related to interest rate swaps hedging fixed rate debt.

[11] Asset and liability amounts include $4 million and $12 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

[12] Asset and liability amounts include $5 million and $13 million, respectively, of notional amounts from purchased and written credit risk participation agreements, whose notional is calculated as the notional of the derivative participated adjusted by the relevant RWA conversion factor.

[13] Includes $49 million notional amount that is based on the 3.2 million of Visa Class B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

[14] Includes $49 million notional amount that is based on the 3.2 million of Visa Class B shares, the conversion ratio from Class B shares to Class A shares, and the Class A share price at the derivative inception date of May 28, 2009. This derivative was established upon the sale of Class B shares in the second quarter of 2009. See Note 13, “Guarantees” for additional information.

[15] See “Cash Flow Hedges” in this Note for further discussion.

[16] See “Cash Flow Hedges” in this Note for further discussion.

[17] See “Fair Value Hedges” in this Note for further discussion.

[18] See “Fair Value Hedges” in this Note for further discussion.

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Derivative Positions (Additional Information) (Detail) - USD ($) shares in Millions, $ in Millions	1 Months Ended
	May 31, 2009	Mar. 31, 2017	Dec. 31, 2016
Derivative Asset, Notional Amount		$ 119,513	$ 133,395
Derivative Liability, Notional Amount		153,545	153,160
Credit Risk Contract [Member]
Derivative Asset, Notional Amount		4	5
Derivative Liability, Notional Amount		12	13
Derivative Financial Instruments, Liabilities [Member] | Visa Interest [Member]
Number Of Shares Sold To Selected Financial Institutions	3.2
Visa Interest [Member] | Other Contract [Member]
Derivative Liability, Notional Amount		49	49
Interest rate futures [Member] | Mortgage Servicing Rights [Member]
Derivative Liability, Notional Amount		7,900	6,700
Interest rate futures [Member] | Loans Held For Sale [Member]
Derivative Asset, Notional Amount		913	720
Interest rate futures [Member] | Other Trading [Member]
Derivative Asset, Notional Amount		11,600	12,300
Equity futures [Member] | Equity Contract [Member]
Derivative Asset, Notional Amount		$ 710	$ 629

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Impacts of Derivative Financial Instruments on the Consolidated Statements of Income/(Loss) and the Consolidated Statements of Shareholders' Equity (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 25		$ 154
Other Trading [Member] | Other Trading [Member]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	11		15
Other Trading [Member] | Foreign Exchange Contract [Member]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	(6)		(18)
Other Trading [Member] | Credit Risk Contract [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	5		5
Other Trading [Member] | Equity Contract [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net			2
Other Trading [Member] | Other Contract [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	1		1
Mortgage Servicing Income [Member] | Mortgage Servicing Rights [Member]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	(18)		169
Mortgage Production Income [Member] | Loans Held For Sale [Member]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	(15)		(62)
Mortgage Production Income [Member] | Other Contract [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	48		45
Other Income [Member] | Loans [Member]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments			(2)
Other Income [Member] | Credit Risk Contract [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(1)		(1)
Cash Flow Hedging [Member] | Interest Income [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(25)	[1]	306	[2]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	23	[1]	38	[2]
Fair Value Hedging [Member] | Other Trading [Member]
Derivative, Gain (Loss) on Derivative, Net	(11)		(2)
Gain (Loss) on Fair Value Hedges Recognized in Earnings	13		3
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	2		1
Fair Value Hedging [Member] | Other Trading [Member] | Fixed Income Interest Rate [Member]
Derivative, Gain (Loss) on Derivative, Net	(11)	[3]	(2)	[4]
Gain (Loss) on Fair Value Hedges Recognized in Earnings	13	[3]	3	[4]
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	2	[3]	1	[4]
Fair Value Hedging [Member] | Other Trading [Member] | Brokered Time Deposits [Member]
Derivative, Gain (Loss) on Derivative, Net	0	[3]	0	[4]
Gain (Loss) on Fair Value Hedges Recognized in Earnings	0	[3]	0	[4]
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	$ 0	[3]	$ 0	[4]

[1] During the three months ended March 31, 2017, the Company also reclassified $18 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

[2] During the three months ended March 31, 2016, the Company also reclassified $29 million of pre-tax gains from AOCI into net interest income. These gains related to hedging relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.

[3] Amounts are recognized in trading income in the Consolidated Statements of Income.

[4] Amounts are recognized in trading income in the Consolidated Statements of Income.

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Impacts of Derivative Financial Instruments on the Consolidated Statements of Income/(Loss) and the Consolidated Statements of Shareholders' Equity (Additional Information) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Terminated or dedesignated hedges [Member] | Interest Income [Member]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 18	$ 29

XML

Derivative Financial Instruments Netting of Financial Instruments - Derivatives (Details) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		$ 3,887	$ 4,514
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement		3,887	4,514
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		3,024	3,530
Derivative Assets	[1]	863	984
Collateral Held by The Company Against Derivative Asset Positions		47	48
Derivative Asset, Fair Value, Amount Not Offset Against Collateral		816	936
Derivative Liability, Fair Value, Gross Liability		4,487	4,902
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement		4,487	4,902
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		4,126	4,504
Derivative Liabilities	[2]	361	398
Derivative, Collateral, Right to Reclaim Securities		41	33
Derivative Liability, Fair Value, Amount Not Offset Against Collateral		320	365
Derivatives Subject to Master Netting Arrangement or Similar Arrangement [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		3,570	4,193
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		2,899	3,384
Derivative Assets		671	809
Collateral Held by The Company Against Derivative Asset Positions		47	48
Derivative Asset, Fair Value, Amount Not Offset Against Collateral		624	761
Derivative Liability, Fair Value, Gross Liability		4,262	4,649
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		4,001	4,358
Derivative Liabilities		261	291
Derivative, Collateral, Right to Reclaim Securities		41	33
Derivative Liability, Fair Value, Amount Not Offset Against Collateral		220	258
Derivatives Not Subject to Master Netting Arrangement or Similar Arrangement [Member] [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		32	27
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		0	0
Derivative Assets		32	27
Collateral Held by The Company Against Derivative Asset Positions		0	0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral		32	27
Derivative Liability, Fair Value, Gross Liability		98	105
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		0	0
Derivative Liabilities		98	105
Derivative, Collateral, Right to Reclaim Securities		0	0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral		98	105
Exchange Traded [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		285	294
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		125	146
Derivative Assets		160	148
Collateral Held by The Company Against Derivative Asset Positions		0	0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral		160	148
Derivative Liability, Fair Value, Gross Liability		127	148
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		125	146
Derivative Liabilities		2	2
Derivative, Collateral, Right to Reclaim Securities		0	0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral		$ 2	$ 2

[1] At March 31, 2017, $863 million, net of $277 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $984 million, net of $291 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.

[2] At March 31, 2017, $361 million, net of $1.4 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $398 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.

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Derivative Financial Instruments Netting of Financial Instruments - Derivatives (Additional Information) (Details) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Assets	[1]	$ 863	$ 984
Derivative Asset, Collateral, Obligation to Return Cash, Offset		277	291
Derivative Liabilities	[2]	361	398
Derivative Liability, Collateral, Right to Reclaim Cash, Offset		1,379	1,265
Trading Securities [Member]
Derivative [Line Items]
Derivative Assets		863	984
Trading Liabilities [Member]
Derivative [Line Items]
Derivative Liabilities		$ 361	$ 398

[1] At March 31, 2017, $863 million, net of $277 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $984 million, net of $291 million offsetting cash collateral, is recognized in trading assets and derivative instruments within the Company's Consolidated Balance Sheets.

[2] At March 31, 2017, $361 million, net of $1.4 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets. At December 31, 2016, $398 million, net of $1.3 billion offsetting cash collateral, is recognized in trading liabilities and derivative instruments within the Company's Consolidated Balance Sheets.

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Fair Value Measurement and Election - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Estimated Fair Value of Loan Portfolio's Net Carrying Value, Percentage		101.00%		101.00%
Assets		$ 205,642		$ 204,875
Loans Receivable, Fair Value Disclosure		221		222
Allowance for Loan and Lease Losses, Write-offs		146	$ 112
Unfunded loan commitments and letters of credit		64,200		67,200
Allowance for unfunded loan commitments and letters of credit		73		71
Cumulative effect of credit risk adjustment	[1]		0
Total Return Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Loans Receivable, Fair Value Disclosure		2,100		2,100
Interest Rate Lock Commitments [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		36	29
Trading Account Assets [Member] | Commercial and Corporate Leveraged Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Loans Receivable, Fair Value Disclosure		459		356
Loans Held For Sale [Member]
Loans Receivable, Fair Value Disclosure		1,819		3,540
Commercial and Corporate Loans [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Assets				185
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Loans Receivable, Fair Value Disclosure		0		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Loans Receivable, Fair Value Disclosure		0		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Loans Receivable, Fair Value Disclosure		221		222
Lease Agreements [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Assets [Member]
Asset Impairment Charges				12
Equity Method Investments [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Assets [Member]
Asset Impairment Charges				8
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member]
Asset Impairment Charges		2		2
Other Assets [Member] | Fair Value, Measurements, Nonrecurring [Member]
Asset Impairment Charges		5		36
Building [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Assets [Member]
Asset Impairment Charges		$ 5		12
Land [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Assets [Member]
Asset Impairment Charges				$ 4
AOCI Attributable to Parent [Member]
Cumulative effect of credit risk adjustment	[1],[2]		$ (5)

[1] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk, beginning January 1, 2016. See Note 1, "Significant Accounting Policies," and Note 18, "Accumulated Other Comprehensive (Loss)/Income," for additional information.

[2] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," for additional information.

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Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Millions		Mar. 31, 2017		Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets	[1]	$ 6,007		$ 6,067
Available-for-sale Securities	[2]	31,127		30,672
Loans Held-for-sale, Fair Value Disclosure		1,819		3,540
Loans Receivable, Fair Value Disclosure		221		222
Servicing Asset at Fair Value, Amount		1,645		1,572
Long-term Debt, Fair Value		771		963
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets	[3]	776		881
Available-for-sale Securities	[3]	5,545		5,507
Loans Held-for-sale, Fair Value Disclosure	[4]	0		0
Trading Liabilities, Fair Value Disclosure	[3]	660		846
Long-term Debt, Fair Value	[5]	0		0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets	[3]	5,199		5,158
Available-for-sale Securities	[3]	24,978		24,532
Loans Held-for-sale, Fair Value Disclosure	[4]	2,100		4,161
Trading Liabilities, Fair Value Disclosure	[3]	550		483
Long-term Debt, Fair Value	[5]	9,802		11,051
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets	[3]	32		28
Available-for-sale Securities	[3]	604		633
Loans Held-for-sale, Fair Value Disclosure	[4]	11		17
Trading Liabilities, Fair Value Disclosure	[3]	15		22
Long-term Debt, Fair Value	[5]	758		728
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		6,007		6,067
Trading Liabilities, Fair Value Disclosure		1,225		1,351
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		776		881
Available-for-sale Securities		5,545		5,507
Loans Held-for-sale, Fair Value Disclosure		0		0
Loans Receivable, Fair Value Disclosure		0		0
Servicing Asset at Fair Value, Amount		0		0
Trading Liabilities, Fair Value Disclosure		660		846
Deposits, Fair Value Disclosure		0		0
Long-term Debt, Fair Value		0		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		8,223		8,688
Available-for-sale Securities		24,978		24,532
Loans Held-for-sale, Fair Value Disclosure		1,813		3,528
Loans Receivable, Fair Value Disclosure		0		0
Servicing Asset at Fair Value, Amount		0		0
Trading Liabilities, Fair Value Disclosure		4,676		4,987
Deposits, Fair Value Disclosure		128		78
Long-term Debt, Fair Value		771		963
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		32		28
Available-for-sale Securities		604		633
Loans Held-for-sale, Fair Value Disclosure		6		12
Loans Receivable, Fair Value Disclosure		221		222
Servicing Asset at Fair Value, Amount		1,645		1,572
Trading Liabilities, Fair Value Disclosure		15		22
Deposits, Fair Value Disclosure		0		0
Long-term Debt, Fair Value		0		0
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		450		539
Available-for-sale Securities		5,422		5,405
Trading Liabilities, Fair Value Disclosure		528		697
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
Trading Liabilities, Fair Value Disclosure		0		0
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
Trading Liabilities, Fair Value Disclosure		0		0
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		361		480
Available-for-sale Securities		302		313
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		55		134
Available-for-sale Securities		318		275
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		4		4
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
Trading Liabilities, Fair Value Disclosure		0		0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		560		567
Available-for-sale Securities		23,795		23,662
Trading Liabilities, Fair Value Disclosure		5		1
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
Trading Liabilities, Fair Value Disclosure		0		0
Collateralized Loan Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets				0
Collateralized Loan Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets				1
Collateralized Loan Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets				0
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0		0
Trading Liabilities, Fair Value Disclosure		0		0
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		590		656
Available-for-sale Securities		29		30
Trading Liabilities, Fair Value Disclosure		326		255
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		5		5
Trading Liabilities, Fair Value Disclosure		0		0
Commercial Paper [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Commercial Paper [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		491		140
Commercial Paper [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		41		49
Available-for-sale Securities		123	[6]	102	[7]
Trading Liabilities, Fair Value Disclosure		5
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		0	[6]	0	[7]
Trading Liabilities, Fair Value Disclosure		0
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Available-for-sale Securities		515	[6]	540	[7]
Trading Liabilities, Fair Value Disclosure		0
Derivative Financial Instruments, Assets [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		863		984
Derivative Financial Instruments, Assets [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		285		293
Derivative Financial Instruments, Assets [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		3,570		4,193
Derivative Financial Instruments, Assets [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		32		28
Trading Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Trading Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		2,596		2,517
Trading Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		0		0
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		71		74
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		534		252
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		9		10
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Liabilities, Fair Value Disclosure		361		398
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Liabilities, Fair Value Disclosure		127		149
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Liabilities, Fair Value Disclosure		4,345		4,731
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Liabilities, Fair Value Disclosure		15		22
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets	[3]	6,007		6,067
Available-for-sale Securities	[3]	31,127		30,672
Loans Held-for-sale, Fair Value Disclosure	[4]	2,111		4,178
Trading Liabilities, Fair Value Disclosure	[3]	1,225		1,351
Long-term Debt, Fair Value	[5]	10,560		11,779
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		31,127		30,672
Loans Held-for-sale, Fair Value Disclosure		1,819		3,540
Loans Receivable, Fair Value Disclosure		221		222
Servicing Asset at Fair Value, Amount		1,645
Long-term Debt, Fair Value		771
Estimate of Fair Value Measurement [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		450		539
Available-for-sale Securities		5,422		5,405
Trading Liabilities, Fair Value Disclosure		528		697
Estimate of Fair Value Measurement [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		361		480
Available-for-sale Securities		302		313
Estimate of Fair Value Measurement [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		55		134
Available-for-sale Securities		322		279
Estimate of Fair Value Measurement [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		560		567
Available-for-sale Securities		23,795		23,662
Trading Liabilities, Fair Value Disclosure		5		1
Estimate of Fair Value Measurement [Member] | Collateralized Loan Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets				1
Estimate of Fair Value Measurement [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		590		656
Available-for-sale Securities		34		35
Trading Liabilities, Fair Value Disclosure		326		255
Estimate of Fair Value Measurement [Member] | Commercial Paper [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		491		140
Estimate of Fair Value Measurement [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		41		49
Available-for-sale Securities		638	[6]	642	[7]
Trading Liabilities, Fair Value Disclosure		5
Estimate of Fair Value Measurement [Member] | Trading Loans [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		2,596		2,517
Estimate of Fair Value Measurement [Member] | Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		71		74
Estimate of Fair Value Measurement [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		534		252
Estimate of Fair Value Measurement [Member] | Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		9		10
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets	[3]	6,007		6,067
Available-for-sale Securities	[3]	31,127		30,672
Loans Held-for-sale, Fair Value Disclosure	[4]	2,109		4,169
Trading Liabilities, Fair Value Disclosure	[3]	1,225		1,351
Long-term Debt, Fair Value	[5]	10,496		11,748
Netting [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		(3,024)	[8]	(3,530)	[9]
Trading Liabilities, Fair Value Disclosure		(4,126)	[8]	(4,504)	[9]
Netting [Member] | Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets		(3,024)	[8]	(3,530)	[9]
Netting [Member] | Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Liabilities, Fair Value Disclosure		$ (4,126)	[8]	$ (4,504)	[9]

[1] Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral of $1,229 million and $1,437 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

[3] Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

[4] LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally developed and considers risk premiums that a market participant would require under then-current market conditions.

[5] Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated discounted cash flows utilizing the Company’s current incremental borrowing rate for similar types of instruments. Refer to the respective valuation section within this footnote for valuation information related to long-term debt that the Company measures at fair value. For level 3 debt, the terms are unique in nature or there are no similar instruments that can be used to value the instrument without using significant unobservable assumptions. In these situations, the Company reviews current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.

[6] Includes $119 million of mutual fund investments, $111 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

[7] Includes $102 million of mutual fund investments, $132 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.

[8] Amounts represent 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.

[9] Amounts represent 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.

XML

Assets and Liabilities Measured at Fair Value on a Recurring Basis (Additional Information) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Other Comprehensive Income (Loss), Unrealized Credit Risk Gain (Loss) on Long-term Debt Arising During Period, Net of Tax	$ (1)	$ (2)
Loans Receivable, Fair Value Disclosure	221		$ 222
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Loans Receivable, Fair Value Disclosure	0		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Loans Receivable, Fair Value Disclosure	0		0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Loans Receivable, Fair Value Disclosure	221		222
Total Return Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Loans Receivable, Fair Value Disclosure	2,100		2,100
Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Investments, Fair Value Disclosure	119		102
Investment in Federal Home Loan Bank Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Investments, Fair Value Disclosure	111		132
Federal Reserve Bank Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Investments, Fair Value Disclosure	402		402
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Investments, Fair Value Disclosure	6		6
Trading Securities [Member] | Commercial and Corporate Leveraged Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Loans Receivable, Fair Value Disclosure	$ 459		$ 356

XML

Fair Value Option Elected, Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Loans Receivable, Fair Value Disclosure	$ 221	$ 222
Trading Loans [Member]
Loans Receivable, Fair Value Disclosure	2,596	2,517
Aggregate Unpaid Principal Balance Under the Fair Value Option	(2,550)	(2,488)
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	46	29
Loans Held For Sale [Member]
Loans Receivable, Fair Value Disclosure	1,819	3,540
Aggregate Unpaid Principal Balance Under the Fair Value Option	(1,762)	(3,516)
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	57	24
Loans Held For Investment [Member] | Performing Financial Instruments [Member]
Loans Receivable, Fair Value Disclosure	218	219
Aggregate Unpaid Principal Balance Under the Fair Value Option	(224)	(225)
Fair Value, Option, Loans Held as Assets, Aggregate Difference	(6)	(6)
Loans Held For Investment [Member] | Nonperforming Financing Receivable [Member]
Loans Receivable, Fair Value Disclosure	3	3
Aggregate Unpaid Principal Balance Under the Fair Value Option	(4)	(4)
Fair Value, Option, Loans Held as Assets, Aggregate Amount in Nonaccrual Status, Aggregated Difference	(1)	(1)
Brokered Time Deposits [Member]
Obligations, Fair Value Disclosure	128	78
Aggregate Unpaid Principal Balance Under the Fair Value Option	(130)	(80)
Fair Value, Option, Aggregate Differences, Long-term Debt Instruments	(2)	(2)
Long-term Debt [Member]
Obligations, Fair Value Disclosure	771	963
Aggregate Unpaid Principal Balance Under the Fair Value Option	(736)	(924)
Fair Value, Option, Aggregate Differences, Long-term Debt Instruments	$ 35	$ 39

XML

Change in Fair Value of Financial Instruments for which the FVO has been Elected (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016
Trading Loans [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		$ (2)	[1]	$ (6)	[2]
Trading Loans [Member] | Trading Revenue [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(2)		(6)
Trading Loans [Member] | Mortgage Production Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		0	[3]	0	[4]
Trading Loans [Member] | Mortgage Servicing Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		0		0
Trading Loans [Member] | Other Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)				0
Loans Held For Sale [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(12)	[1]	(55)	[2]
Loans Held For Sale [Member] | Trading Revenue [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		0		0
Loans Held For Sale [Member] | Mortgage Production Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(12)	[3]	(55)	[4]
Loans Held For Sale [Member] | Mortgage Servicing Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		0		0
Loans Held For Sale [Member] | Other Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)				0
Loans Held For Investment [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	[2]			(3)
Loans Held For Investment [Member] | Trading Revenue [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)				0
Loans Held For Investment [Member] | Mortgage Production Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	[4]			0
Loans Held For Investment [Member] | Mortgage Servicing Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)				0
Loans Held For Investment [Member] | Other Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)				(3)
Mortgage Servicing Rights [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		23	[1]	247	[2]
Mortgage Servicing Rights [Member] | Trading Revenue [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		0		0
Mortgage Servicing Rights [Member] | Mortgage Production Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(1)	[3]	0	[4]
Mortgage Servicing Rights [Member] | Mortgage Servicing Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		24		247
Mortgage Servicing Rights [Member] | Other Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)				0
Brokered Time Deposits [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	[1]	(1)
Brokered Time Deposits [Member] | Trading Revenue [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(1)
Brokered Time Deposits [Member] | Mortgage Production Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	[3]	0
Brokered Time Deposits [Member] | Mortgage Servicing Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		0
Long-term Debt [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(6)	[1]	2	[2]
Long-term Debt [Member] | Trading Revenue [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(6)		2
Long-term Debt [Member] | Mortgage Production Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		0	[3]	0	[4]
Long-term Debt [Member] | Mortgage Servicing Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		$ 0		0
Long-term Debt [Member] | Other Income [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)				$ 0

[1] Changes in fair value for the three months ended March 31, 2017 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, brokered time deposits, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

[2] Changes in fair value for the three months ended March 31, 2016 exclude accrued interest for the period then ended. Interest income or interest expense on trading loans, LHFS, LHFI, and long-term debt that have been elected to be measured at fair value are recognized in interest income or interest expense in the Consolidated Statements of Income.

[3] Income related to LHFS does not include income from IRLCs. For the three months ended March 31, 2017, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

[4] Income related to LHFS does not include income from IRLCs. For the three months ended March 31, 2016, income related to MSRs includes income recognized upon the sale of loans reported at LOCOM.

XML

Change in Fair Value of Financial Instruments for which the FVO has been Elected (Additional Information) (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Loans Receivable, Fair Value Disclosure	$ 221	$ 222

XML

Fair Value Election and Measurement Level 3 Significant Unobservable Input Assumptions (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2017		Dec. 31, 2016
level 3 fair value assumptions [Line Items]
Trading assets	[1]	$ 6,007		$ 6,067
Available-for-sale Securities	[2]	31,127		30,672
Loans Held-for-sale, Fair Value Disclosure		1,819		3,540
Loans Receivable, Fair Value Disclosure		221		222
Servicing Asset at Fair Value, Amount		1,645		1,572
Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Trading assets	[3]	32		28
Available-for-sale Securities	[3]	604		633
Loans Held-for-sale, Fair Value Disclosure	[4]	11		17
Fair Value, Measurements, Recurring [Member]
level 3 fair value assumptions [Line Items]
Trading assets		6,007		6,067
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Trading assets		32		28
Available-for-sale Securities		604		633
Loans Held-for-sale, Fair Value Disclosure		6		12
Loans Receivable, Fair Value Disclosure		221		222
Servicing Asset at Fair Value, Amount		1,645		1,572
Fair Value, Measurements, Recurring [Member] | Market Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Other Assets, Fair Value Disclosure		17	[5]	6	[6]
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Available-for-sale Securities		515		540
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Market Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Available-for-sale Securities		9		10
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Available-for-sale Securities		5		5
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Available-for-sale Securities		4		4
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by Private Enterprises [Member] | Market Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Available-for-sale Securities		71		74
Fair Value, Measurements, Recurring [Member] | Residential Mortgage, Loans Held For Sale [Member] | Income Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Loans Held-for-sale, Fair Value Disclosure		$ 6		$ 12
Fair Value, Measurements, Recurring [Member] | Residential Mortgage, Loans Held For Sale [Member] | Income Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(1.04%)		(1.04%)
Fair Value Inputs, Prepayment Rate		4.00%		2.00%
Fair Value Inputs, Probability of Default		0.00%		0.00%
Fair Value, Measurements, Recurring [Member] | Residential Mortgage, Loans Held For Sale [Member] | Income Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(1.25%)		(1.25%)
Fair Value Inputs, Prepayment Rate		13.00%		28.00%
Fair Value Inputs, Probability of Default		2.00%		3.00%
Fair Value, Measurements, Recurring [Member] | Residential Mortgage, Loans Held For Sale [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(1.25%)		(1.24%)
Fair Value Inputs, Prepayment Rate		8.00%		7.00%
Fair Value Inputs, Probability of Default		0.40%		0.40%
Fair Value, Measurements, Recurring [Member] | Loans Held For Investment [Member] | Market Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Loans Receivable, Fair Value Disclosure		$ 3		$ 3
Fair Value, Measurements, Recurring [Member] | Loans Held For Investment [Member] | Income Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Loans Receivable, Fair Value Disclosure		$ 218		$ 219
Fair Value, Measurements, Recurring [Member] | Loans Held For Investment [Member] | Income Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(0.62%)		(0.62%)
Fair Value Inputs, Prepayment Rate		2.00%		3.00%
Fair Value Inputs, Probability of Default		0.00%		0.00%
Fair Value, Measurements, Recurring [Member] | Loans Held For Investment [Member] | Income Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(7.84%)		(7.84%)
Fair Value Inputs, Prepayment Rate		25.00%		36.00%
Fair Value Inputs, Probability of Default		5.00%		5.00%
Fair Value, Measurements, Recurring [Member] | Loans Held For Investment [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(1.82%)		(1.84%)
Fair Value Inputs, Prepayment Rate		11.00%		13.00%
Fair Value Inputs, Probability of Default		1.40%		2.10%
Fair Value, Measurements, Recurring [Member] | Mortgage Servicing Rights [Member] | Income Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Servicing Asset at Fair Value, Amount		$ 1,645		$ 1,572
Fair Value, Measurements, Recurring [Member] | Mortgage Servicing Rights [Member] | Income Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(4.00%)		(0.00%)
Fair Value Inputs, Prepayment Rate		6.00%		1.00%
Fair Value, Measurements, Recurring [Member] | Mortgage Servicing Rights [Member] | Income Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(114.00%)		(122.00%)
Fair Value Inputs, Prepayment Rate		28.00%		25.00%
Fair Value, Measurements, Recurring [Member] | Mortgage Servicing Rights [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Option Adjusted Spread		(8.00%)		(8.00%)
Fair Value Inputs, Prepayment Rate		13.00%		9.00%
Fair Value, Measurements, Recurring [Member] | Other Assets [Member] | Market Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Pull Through Rate		41.00%		40.00%
Fair Value Inputs, Msr Value		0.28%		0.22%
Fair Value, Measurements, Recurring [Member] | Other Assets [Member] | Market Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Pull Through Rate		100.00%		100.00%
Fair Value Inputs, Msr Value		1.79%		1.70%
Fair Value, Measurements, Recurring [Member] | Other Assets [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
level 3 fair value assumptions [Line Items]
Fair Value Inputs, Pull Through Rate		77.00%		81.00%
Fair Value Inputs, Msr Value		1.09%		1.06%

[1] Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral of $1,229 million and $1,437 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

[3] Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

[4] LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally developed and considers risk premiums that a market participant would require under then-current market conditions.

[5] Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

[6] Amount represents the net of IRLC assets and liabilities and includes the derivative liability associated with the Company's sale of Visa shares. Refer to the "Trading Liabilities and Derivative Instruments" section herein for a discussion of valuation assumptions related to the Visa derivative liability.

XML

Reconciliation of the Beginning and Ending Balances for Fair Valued Assets and Liabilities Measured on a Recurring Basis Using Significant Unobservable Inputs (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016		Dec. 31, 2016	Dec. 31, 2015
Other Liabilities [Member]
Transfers to other balance sheet line items				$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value				0			$ 23
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements				(23)
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liabilities Transfers Into Level 3				0
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liabilities Transfers Out Of Level 3				0
Change in unrealized gains / (losses) included in earnings for the period related to financial assets still held at the end of period				0
Derivative contracts, net [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		$ 17		32		$ 6	15
Included in earnings		48	[1]	45	[2]
OCI		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		0		0
Settlements		(1)		(1)
Transfers to other balance sheet line items		(36)		(29)
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		0		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income	[1],[3]	30		36
Trading Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		17		32		6	104
Included in earnings		48		44
OCI		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		0		(88)
Settlements		(1)		(1)
Transfers to other balance sheet line items		(36)		(29)
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		0		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		30	[3]	36	[4]
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		4		5		4	5
Included in earnings		0		0
OCI		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		0		0
Settlements		0		0
Transfers to other balance sheet line items		0		0
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		0		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		0		0
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		71		88		74	94
Included in earnings		0		0
OCI		(1)	[5]	(1)	[6]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		0		0
Settlements		(2)		(5)
Transfers to other balance sheet line items		0		0
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		0		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		0		0
Asset-backed Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		9		11		10	12
Included in earnings		0		0
OCI		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		0		0
Settlements		(1)		(1)
Transfers to other balance sheet line items		0		0
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		0		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		0		0
Other Debt Obligations [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value				0			89
Included in earnings	[7]			(1)
OCI				0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases				0
Sales				(88)
Settlements				0
Transfers to other balance sheet line items				0
Transfers into Level 3				0
Transferred Out of Level 3 in The Fair Value Hierarchy				0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income				0
Corporate Debt Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		5		5		5	5
Included in earnings		0		0
OCI		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		0		0
Settlements		0		0
Transfers to other balance sheet line items		0		0
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		0		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		0		0
Equity Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		515		471		540	440
Included in earnings		0		0
OCI		(1)	[5]	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		43		106
Sales		0		0
Settlements		(64)		(75)
Transfers to other balance sheet line items		0		0
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		(5)		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		0		0
Available-for-sale Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		604		580		633	556
Included in earnings		0		0
OCI		0		(1)	[6]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		43		106
Sales		0		0
Settlements		(67)		(81)
Transfers to other balance sheet line items		0		0
Transfers into Level 3		0		0
Transferred Out of Level 3 in The Fair Value Hierarchy		(5)		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		0		0
Residential Mortgage, Loans Held For Sale [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		6		4		12	5
Included in earnings		0		0
OCI		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		(14)		(7)
Settlements		0		0
Transfers to other balance sheet line items		(2)		(1)
Transfers into Level 3		10		9
Transferred Out of Level 3 in The Fair Value Hierarchy		0		(2)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		0		0
Loans Held For Investment [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		221		255		$ 222	$ 257
Included in earnings		0		3	[8]
OCI		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0		0
Sales		0		0
Settlements		(6)		(10)
Transfers to other balance sheet line items		(1)		(1)
Transfers into Level 3		4		4
Transferred Out of Level 3 in The Fair Value Hierarchy		0		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) Included in Other Income		$ 0		$ 3	[4],[8]

[1] Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income, amount related to commercial IRLCs is recognized in commercial real estate related income, and amount related to Visa derivative liability is recognized in other noninterest expense.

[2] Includes issuances, fair value changes, and expirations. Amount related to residential IRLCs is recognized in mortgage production related income and amount related to Visa derivative liability is recognized in other noninterest expense.

[3] Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at March 31, 2017.

[4] Change in unrealized gains/(losses) included in earnings during the period related to financial assets/liabilities still held at March 31, 2016.

[5] Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax

[6] Amounts recognized in OCI are included in change in net unrealized gains on securities AFS, net of tax.

[7] Amounts included in earnings are recognized in trading income.

[8] Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in other noninterest income.

XML

Carrying Value of Those Assets Measured at Fair Value on a Non-Recurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Loans Held For Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 83	$ 75
Asset Impairment Charges	0	0
Loans Held For Investment [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Loans Held For Investment [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Loans Held For Investment [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	83	75
Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	11	17
Asset Impairment Charges	(2)	(2)
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	11	17
Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	42	112
Asset Impairment Charges	(5)	(36)
Other Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Other Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	1	58
Other Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	41	54
Other Assets [Member] | Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges		(8)
Other Assets [Member] | Lease Agreements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges		(12)
Other Assets [Member] | Building [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	$ (5)	(12)
Other Assets [Member] | Land [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges		$ (4)

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Carrying Amounts and Fair Values of the Company's Financial Instruments (Detail) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Financial assets
Trading assets	[1]	$ 6,007	$ 6,067
Available-for-sale Securities	[2]	31,127	30,672
Loans Held-for-sale, Fair Value Disclosure		1,819	3,540
Financial liabilities
Long-term Debt, Fair Value		771	963
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and Cash Equivalents, Fair Value Disclosure	[3]	8,274	6,423
Trading assets	[4]	776	881
Available-for-sale Securities	[4]	5,545	5,507
Loans Held-for-sale, Fair Value Disclosure	[5]	0	0
Loans Net Fair Value Disclosure	[6]	0	0
Financial liabilities
Consumer And Commercial Deposits, Fair Value Disclosure	[7]	0	0
Short-term Debt, Fair Value	[8]	0	0
Long-term Debt, Fair Value	[8]	0	0
Trading liabilities	[4]	660	846
Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and Cash Equivalents, Fair Value Disclosure	[3]	0	0
Trading assets	[4]	5,199	5,158
Available-for-sale Securities	[4]	24,978	24,532
Loans Held-for-sale, Fair Value Disclosure	[5]	2,100	4,161
Loans Net Fair Value Disclosure	[6]	166	282
Financial liabilities
Consumer And Commercial Deposits, Fair Value Disclosure	[7]	162,732	160,280
Short-term Debt, Fair Value	[8]	4,696	4,764
Long-term Debt, Fair Value	[8]	9,802	11,051
Trading liabilities	[4]	550	483
Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and Cash Equivalents, Fair Value Disclosure	[3]	0	0
Trading assets	[4]	32	28
Available-for-sale Securities	[4]	604	633
Loans Held-for-sale, Fair Value Disclosure	[5]	11	17
Loans Net Fair Value Disclosure	[6]	140,722	140,234
Financial liabilities
Consumer And Commercial Deposits, Fair Value Disclosure	[7]	0	0
Short-term Debt, Fair Value	[8]	0	0
Long-term Debt, Fair Value	[8]	758	728
Trading liabilities	[4]	15	22
Reported Value Measurement [Member]
Financial assets
Cash and Cash Equivalents, Fair Value Disclosure	[3]	8,274	6,423
Trading assets	[4]	6,007	6,067
Available-for-sale Securities	[4]	31,127	30,672
Loans Held-for-sale, Fair Value Disclosure	[5]	2,109	4,169
Loans Net Fair Value Disclosure	[6]	141,815	141,589
Financial liabilities
Consumer And Commercial Deposits, Fair Value Disclosure	[7]	162,853	160,398
Short-term Debt, Fair Value	[8]	4,696	4,764
Long-term Debt, Fair Value	[8]	10,496	11,748
Trading liabilities	[4]	1,225	1,351
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial assets
Cash and Cash Equivalents, Fair Value Disclosure	[3]	8,274	6,423
Trading assets	[4]	6,007	6,067
Available-for-sale Securities	[4]	31,127	30,672
Loans Held-for-sale, Fair Value Disclosure	[5]	2,111	4,178
Loans Net Fair Value Disclosure	[6]	140,888	140,516
Financial liabilities
Consumer And Commercial Deposits, Fair Value Disclosure	[7]	162,732	160,280
Short-term Debt, Fair Value	[8]	4,696	4,764
Long-term Debt, Fair Value	[8]	10,560	11,779
Trading liabilities	[4]	$ 1,225	$ 1,351

[1] Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral of $1,229 million and $1,437 million at March 31, 2017 and December 31, 2016, respectively.

[2] Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral of $100 million and $0 million at March 31, 2017 and December 31, 2016, respectively.

[3] Cash and cash equivalents are valued at their carrying amounts, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments.

[4] Trading assets and derivative instruments, securities AFS, and trading liabilities and derivative instruments that are classified as level 1 are valued based on quoted market prices. For those instruments classified as level 2 or 3, refer to the respective valuation discussions within this footnote.

[5] LHFS are generally valued based on observable current market prices or, if quoted market prices are not available, quoted market prices of similar instruments. Refer to the LHFS section within this footnote for further discussion. When valuation assumptions are not readily observable in the market, instruments are valued based on the best available data to approximate fair value. This data may be internally developed and considers risk premiums that a market participant would require under then-current market conditions.

[6] LHFI fair values are based on a hypothetical exit price, which does not represent the estimated intrinsic value of the loan if held for investment. The assumptions used are expected to approximate those that a market participant purchasing the loans would use to value the loans, including a market risk premium and liquidity discount. Estimating the fair value of the loan portfolio when loan sales and trading markets are illiquid or nonexistent requires significant judgment.Generally, the Company measures fair value for LHFI based on estimated future discounted cash flows using current origination rates for loans with similar terms and credit quality, which derived an estimated value of 101% on the loan portfolio’s net carrying value at both March 31, 2017 and December 31, 2016. The value derived from origination rates likely does not represent an exit price; therefore, an incremental market risk and liquidity discount was applied when estimating the fair value of these loans. The discounted value is a function of a market participant’s required yield in the current environment and is not a reflection of the expected cumulative losses on the loans.

[7] Deposit liabilities with no defined maturity such as DDAs, NOW/money market accounts, and savings accounts have a fair value equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for CDs are estimated using a discounted cash flow approach that applies current interest rates to a schedule of aggregated expected maturities. The assumptions used in the discounted cash flow analysis are expected to approximate those that market participants would use in valuing deposits. The value of long-term relationships with depositors is not taken into account in estimating fair values. Refer to the respective valuation section within this footnote for valuation information related to brokered time deposits that the Company measures at fair value as well as those that are carried at amortized cost.

[8] Fair values for short-term borrowings and certain long-term debt are based on quoted market prices for similar instruments or estimated discounted cash flows utilizing the Company’s current incremental borrowing rate for similar types of instruments. Refer to the respective valuation section within this footnote for valuation information related to long-term debt that the Company measures at fair value. For level 3 debt, the terms are unique in nature or there are no similar instruments that can be used to value the instrument without using significant unobservable assumptions. In these situations, the Company reviews current borrowing rates along with the collateral levels that secure the debt in determining an appropriate fair value adjustment.

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Contingencies - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
	Jul. 25, 2014	Mar. 31, 2017
Document Period End Date		Mar. 31, 2017
Minimum [Member]
Aggregate range of reasonably possible losses on legal matters in excess of the accrued liability		$ 0
Maximum [Member]
Aggregate range of reasonably possible losses on legal matters in excess of the accrued liability		190
SEC Investment Adviser 12b-1 Fees [Member]
Loss Contingency, Estimate of Possible Loss		5
Cash payment for litigation [Member] | Potential Mortgage Servicing Settlement and Claims [Member]
Loss Contingency, Damages Awarded, Value		50
Civil money penalty [Member] | Consent Order Foreclosure Actions [Member]
Loss Contingency, Damages Awarded, Value	$ 160
Consumer relief obligation [Member] | Potential Mortgage Servicing Settlement and Claims [Member]
Loss Contingency, Damages Awarded, Value		$ 500

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Business Segment Reporting (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2017 USD ($) segments		Mar. 31, 2016 USD ($)
Number of Operating Segments | segments	3
Segment Reporting Information Average Total Loans	$ 143,670		$ 138,372
Segment Reporting Information Average Total Deposits	158,874		149,229
Average total assets	204,252		193,014
Average total liabilities	180,581		169,217
Average total equity	23,671		23,797
Net, interest income	1,366		1,282
FTE adjustment	34		36
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment	1,400	[1]	1,318	[2]
Provision for Loan, Lease, and Other Losses	119	[3]	101	[4]
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment	1,281		1,217
Total noninterest income	847		781
Noninterest Expense	1,465		1,318
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	663		680
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal	193	[5]	231	[6]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	470		449
Net Income (Loss) Attributable to Noncontrolling Interest	2		2
Net Income (Loss) Attributable to Parent	468		447
Consumer Banking and Private Wealth Management [Member]
Segment Reporting Information Average Total Loans	44,074		41,589
Segment Reporting Information Average Total Deposits	98,871		93,238
Average total assets	49,794		47,285
Average total liabilities	99,478		93,853
Average total equity	0		0
Net, interest income	766		719
FTE adjustment	0		0
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment	766	[1]	719	[2]
Provision for Loan, Lease, and Other Losses	88	[3]	29	[4]
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment	678		690
Total noninterest income	350		356
Noninterest Expense	797		741
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	231		305
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal	85	[5]	113	[6]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	146		192
Net Income (Loss) Attributable to Noncontrolling Interest	0		0
Net Income (Loss) Attributable to Parent	146		192
Wholesale Banking [Member]
Segment Reporting Information Average Total Loans	72,451		70,773
Segment Reporting Information Average Total Deposits	57,393		53,620
Average total assets	85,864		84,363
Average total liabilities	63,108		59,496
Average total equity	0		0
Net, interest income	543		495
FTE adjustment	34		35
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment	577	[1]	530	[2]
Provision for Loan, Lease, and Other Losses	31	[3]	82	[4]
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment	546		448
Total noninterest income	403		313
Noninterest Expense	482		411
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	467		350
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal	174	[5]	131	[6]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	293		219
Net Income (Loss) Attributable to Noncontrolling Interest	0		0
Net Income (Loss) Attributable to Parent	293		219
Mortgage Banking
Segment Reporting Information Average Total Loans	27,078		25,946
Segment Reporting Information Average Total Deposits	2,543		2,311
Average total assets	31,475		29,203
Average total liabilities	2,861		2,686
Average total equity	0		0
Net, interest income	113		120
FTE adjustment	0		0
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment	113	[1]	120	[2]
Provision for Loan, Lease, and Other Losses	0	[3]	(10)	[4]
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment	113		130
Total noninterest income	115		126
Noninterest Expense	184		174
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	44		82
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal	15	[5]	32	[6]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	29		50
Net Income (Loss) Attributable to Noncontrolling Interest	0		0
Net Income (Loss) Attributable to Parent	29		50
Corporate Other [Member]
Segment Reporting Information Average Total Loans	67		64
Segment Reporting Information Average Total Deposits	117		107
Average total assets	34,005		30,560
Average total liabilities	15,158		13,201
Average total equity	0		0
Net, interest income	11		31
FTE adjustment	1		1
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment	12	[1]	32	[2]
Provision for Loan, Lease, and Other Losses	0	[3]	0	[4]
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment	12		32
Total noninterest income	23		20
Noninterest Expense	6		(4)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	29		56
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal	(16)	[5]	16	[6]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	45		40
Net Income (Loss) Attributable to Noncontrolling Interest	2		2
Net Income (Loss) Attributable to Parent	43		38
Reconciling Items
Segment Reporting Information Average Total Loans	0		0
Segment Reporting Information Average Total Deposits	(50)		(47)
Average total assets	3,114		1,603
Average total liabilities	(24)		(19)
Average total equity	23,671		23,797
Net, interest income	(67)		(83)
FTE adjustment	(1)		0
Segment Reporting Information Net Interest Income Including Fully Taxable Equivalent Adjustment	(68)	[1]	(83)	[2]
Provision for Loan, Lease, and Other Losses	0	[3]	0	[4]
Segment Reporting Information Net Interest Income After Provision For Credit Losses and Taxable Equivalent Adjustment	(68)		(83)
Total noninterest income	(44)		(34)
Noninterest Expense	(4)		(4)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(108)		(113)
Income Tax Expense (Benefit) Including Fully Taxable Equivalent Adjustment Reversal	(65)	[5]	(61)	[6]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(43)		(52)
Net Income (Loss) Attributable to Noncontrolling Interest	0		0
Net Income (Loss) Attributable to Parent	$ (43)		$ (52)

[1] Presented on a matched maturity funds transfer price basis for the segments.

[2] Presented on a matched maturity funds transfer price basis for the segments.

[3] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

[4] Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.

[5] Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

[6] Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

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Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax		$ (60)	$ 414	$ (62)	$ 135
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax		(199)	237	(157)	87
Accumulated Other Comprehensive Income (Loss), Financial Instruments, net of tax		(1)	0	(1)	0
Accumulated Other Comprehensive Income (Loss), Long-term Debt, Net of Tax		(8)	(7)	(7)	0
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax		(599)	(623)	(594)	(682)
Accumulated Other Comprehensive Income (Loss), Net of Tax		(867)	21	$ (821)	$ (460)
Cumulative effect of credit risk adjustment	[1]		0
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax		2	279
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		(16)	192
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Brokered Time Deposits Arising During Period, Net of Tax		0	0
Other Comprehensive Income (Loss), Unrealized Credit Risk Gain (Loss) on Long-term Debt Arising During Period, Net of Tax		(1)	(2)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax		0	0
Other Comprehensive Income (Loss), Total Unrealized Gain (Loss) Arising During Period, Net of Tax		(15)	469
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax		(26)	(42)
Other Comprehensive Income (Loss), Reclassification from AOCI on Brokered Time Deposits, Net of Tax		0	0
Other Comprehensive Income Loss Reclassfication Adjustment From AOCI on Long Term Debt, Net of Tax		0	0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax		(5)	59
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		(31)	17
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax		2	279
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax		(42)	150
Other Comprehensive Income (Loss), Brokered Time Deposits, Net of Tax		0	0
Other Comprehensive Income (Loss), Long Term Debt, Adjustment, Net of Tax	[2]	1	2
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax		(5)	59
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		$ (46)	486
AOCI Attributable to Parent [Member]
Cumulative effect of credit risk adjustment	[1],[3]		$ (5)

[1] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk, beginning January 1, 2016. See Note 1, "Significant Accounting Policies," and Note 18, "Accumulated Other Comprehensive (Loss)/Income," for additional information.

[2] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," and Note 18, "Accumulated Other Comprehensive (Loss)/Income," for additional information.

[3] Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," for additional information.

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Accumulated Other Comprehensive Income Reclassifications out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax	$ 0	$ 0
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	(41)	(67)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax	15	25
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	(26)	(42)
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	(1)	(1)
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	6	6
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Transition Asset (Obligation), before Tax	(11)	89
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	(6)	94
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax	1	(35)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	(5)	59
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ (31)	$ 17