Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	June 30, 2013		December 31, 2012
	(in millions)
Mortgage servicing rights	$	237	$	179
Purchased credit card relationships	57		60
Favorable lease agreements	5		8
Total other intangible assets	$	299	$	247

Fair Value of Residential MSRs

Fair value of residential MSRs is calculated using the following critical assumptions:

	June 30, 2013		December 31, 2012
Annualized constant prepayment rate (“CPR”)	13.4	%	22.4	%
Constant discount rate	12.9	%	11.3	%
Weighted average life	4.7		3.4

Residential MSRs Activity

Residential MSRs activity is summarized in the following table:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(in millions)
Fair value of MSRs:
Beginning balance	$	190		$	228		$	168		$	220
Additions related to loan sales	5			6			11			14
Changes in fair value due to:
Change in valuation inputs or assumptions used in the valuation models	43			(31		)	69			(15		)
Realization of cash flows	(13		)	(16		)	(23		)	(32		)
Ending balance	$	225		$	187		$	225		$	187

Residential Mortgage Loans Serviced for Others

Information regarding residential mortgage loans serviced for others, which are not included in the consolidated balance sheet, is summarized in the following table:

	June 30, 2013		December 31, 2012
	(in millions)
Outstanding principal balances at period end	$	29,446	$	32,041
Custodial balances maintained and included in noninterest bearing deposits at period end	$	—	$	810