Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	March 31, 2014		December 31, 2013
	(in millions)
Mortgage servicing rights:
Residential	$	205	$	227
Commercial	2		10
Total mortgage servicing rights	$	207	$	237
Purchased credit card relationships	52		54
Favorable lease agreements	3		4
Total intangible assets	$	262	$	295

Fair Value of Residential MSRs

The following table summarizes the critical assumptions used to calculate the fair value of residential MSRs:

	March 31, 2014		December 31, 2013
Annualized constant prepayment rate ("CPR")	12.7	%	11.3	%
Constant discount rate	12.9		12.7
Weighted average life	4.9		5.3

Residential MSRs Activity

The following table summarizes residential MSRs activity:

Three Months Ended March 31,	2014			2013
	(in millions)
Fair value of MSRs:
Beginning balance	$	227		$	168
Additions related to loan sales	—			6
Changes in fair value due to:
Change in valuation model inputs or assumptions	(12		)	26
Customer payments	(10		)	(10		)
Ending balance	$	205		$	190