XML 48 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
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
%