Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	March 31, 2015		December 31, 2014
	(in millions)
Mortgage servicing rights	$	140	$	159
Purchased credit card relationships	46		47
Total intangible assets	$	186	$	206

Fair Value of Residential MSRs

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

	March 31, 2015		December 31, 2014
Annualized constant prepayment rate ("CPR")	18.2	%	15.9	%
Constant discount rate	14.0	%	14.1	%
Weighted average life (in years)	3.7		4.1

Residential MSRs Activity

The following table summarizes MSRs activity:

Three Months Ended March 31,	2015			2014
	(in millions)
Fair value of MSRs:
Beginning balance	$	159		$	227
Changes in fair value due to changes in valuation model inputs or assumptions	(11		)	(12		)
Reductions related to customer payments	(8		)	(10		)
Ending balance	$	140		$	205