Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	June 30, 2014		December 31, 2013
	(in millions)
Mortgage servicing rights:
Residential	$	186	$	227
Commercial	2		10
Total mortgage servicing rights	$	188	$	237
Purchased credit card relationships	50		54
Favorable lease agreements	2		4
Total intangible assets	$	240	$	295

Fair Value of Residential MSRs

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

	June 30, 2014		December 31, 2013
Annualized constant prepayment rate ("CPR")	13.8	%	11.3	%
Constant discount rate	13.3		12.7
Weighted average life (in years)	4.6		5.3

Residential MSRs Activity

The following table summarizes residential MSRs activity:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(in millions)
Fair value of MSRs:
Beginning balance	$	205		$	190		$	227		$	168
Additions related to loan sales	—			5			—			11
Changes in fair value due to:
Change in valuation model inputs or assumptions	(12		)	43			(24		)	69
Customer payments	(7		)	(13		)	(17		)	(23		)
Ending balance	$	186		$	225		$	186		$	225