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Income Taxes - Net Deferred Tax Position (Details) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Deferred tax assets:    
Allowance for credit losses $ 392 $ 346
Employee benefit accruals 108 124
Accrued expenses 110 79
Interests in real estate mortgage investment conduits [1] 548 561
Unrealized losses on investment securities 275 140
Partnerships 113 104
Other 360 360
Total deferred tax assets 1,906 1,714
Valuation allowance (6) (6)
Total deferred tax assets, net of valuation allowance 1,900 1,708
Less deferred tax liabilities:    
Fair value adjustments 48 137
Mortgage servicing rights 0 52
Other 49 45
Total deferred tax liabilities 97 234
Net deferred tax asset $ 1,803 $ 1,474
[1] Real estate mortgage investment conduits ("REMICs") are investment vehicles that hold commercial and residential mortgages in trust and issue securities representing an undivided interest in these mortgages. HSBC Bank USA holds portfolios of noneconomic residual interests in a number of REMICs. This item represents tax basis in such interests which has accumulated as a result of tax rules requiring the recognition of income related to such noneconomic residuals.