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Fair Value Option (Tables)
 6 Months Ended
Jun. 30, 2013
Fair Value Option [Abstract]  
Components of Gain on Instruments at Fair Value and Related Derivatives
The components of gain (loss) on instruments designated at fair value and related derivatives related to the changes in fair value of the financial instrument accounted for under FVO are as follows:
 
Loans
 
Long-Term
Debt
 
Hybrid
Instruments
 
Total
 
(in millions)
Three Months Ended June 30, 2013
 
 
 
 
 
 
 
Interest rate and other components(1)
$
—

 
$
120

 
$
204

 
$
324

Credit risk component
—

 
53

 
54

 
107

Total mark-to-market on financial instruments designated at fair value
—

 
173

 
258

 
431

Net realized loss on financial instruments
—

 
—

 
—

 
—

Mark-to-market on the related derivatives
—

 
(128
)
 
(204
)
 
(332
)
Net realized gain on the related long-term debt derivatives
—

 
16

 
—

 
16

Gain (loss) on instruments designated at fair value and related derivatives
$
—

 
$
61

 
$
54

 
$
115

 
 
 
 
 
 
 
 
Three Months Ended June 30, 2012
 
 
 
 
 
 
 
Interest rate and other components(1)
$
—

 
$
(123
)
 
$
74

 
$
(49
)
Credit risk component
2

 
131

 
(56
)
 
77

Total mark-to-market on financial instruments designated at fair value
2

 
8

 
18

 
28

Net realized loss on financial instruments
—

 
—

 
—

 
—

Mark-to-market on the related derivatives
—

 
142

 
(44
)
 
98

Net realized gain on the related long-term debt derivatives
—

 
15

 
—

 
15

Gain (loss) on instruments designated at fair value and related derivatives
$
2

 
$
165

 
$
(26
)
 
$
141

 
 
 
 
 
 
 
 
Six Months Ended June 30, 2013
 
 
 
 
 
 
 
Interest rate and other components(1)
$
—

 
$
183

 
$
(112
)
 
$
71

Credit risk component
21

 
11

 
87

 
119

Total mark-to-market on financial instruments designated at fair value
21

 
194

 
(25
)
 
190

Net realized loss on financial instruments
(8
)
 
—

 
—

 
(8
)
Mark-to-market on the related derivatives
—

 
(190
)
 
64

 
(126
)
Net realized gain on the related long-term debt derivatives
—

 
32

 
—

 
32

Gain (loss) on instruments designated at fair value and related derivatives
$
13

 
$
36

 
$
39

 
$
88

 
 
 
 
 
 
 
 
Six Months Ended June 30, 2012
 
 
 
 
 
 
 
Interest rate and other components(1)
$
1

 
$
(40
)
 
$
(355
)
 
$
(394
)
Credit risk component
34

 
(90
)
 
(23
)
 
(79
)
Total mark-to-market on financial instruments designated at fair value
35

 
(130
)
 
(378
)
 
(473
)
Net realized loss on financial instruments
(1
)
 
—

 
—

 
(1
)
Mark-to-market on the related derivatives
—

 
27

 
345

 
372

Net realized gain on the related long-term debt derivatives
—

 
31

 
—

 
31

Gain (loss) on instruments designated at fair value and related derivatives
$
34

 
$
(72
)
 
$
(33
)
 
$
(71
)
 
(1) 
As it relates to hybrid instruments, interest rate and other components includes interest rate, foreign exchange and equity contract risks.