December 31, 2013 | |||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||
(Dollars in millions) | Level 1 | Level 2 | Level 3 | Netting Adjustments 1 | Assets/Liabilities at Fair Value | ||||||||||||||
Assets | |||||||||||||||||||
Trading assets and derivatives: | |||||||||||||||||||
U.S. Treasury securities | $219 | $— | $— | $— | $219 | ||||||||||||||
Federal agency securities | — | 426 | — | — | 426 | ||||||||||||||
U.S. states and political subdivisions | — | 65 | — | — | 65 | ||||||||||||||
MBS - agency | — | 323 | — | — | 323 | ||||||||||||||
CDO/CLO securities | — | 3 | 54 | — | 57 | ||||||||||||||
ABS | — | — | 6 | — | 6 | ||||||||||||||
Corporate and other debt securities | — | 534 | — | — | 534 | ||||||||||||||
CP | — | 29 | — | — | 29 | ||||||||||||||
Equity securities | 109 | — | — | — | 109 | ||||||||||||||
Derivative contracts 2 | 828 | 5,285 | 12 | (4,741 | ) | 1,384 | |||||||||||||
Trading loans | — | 1,888 | — | — | 1,888 | ||||||||||||||
Total trading assets and derivatives | 1,156 | 8,553 | 72 | (4,741 | ) | 5,040 | |||||||||||||
Securities AFS: | |||||||||||||||||||
U.S. Treasury securities | 1,293 | — | — | — | 1,293 | ||||||||||||||
Federal agency securities | — | 984 | — | — | 984 | ||||||||||||||
U.S. states and political subdivisions | — | 203 | 34 | — | 237 | ||||||||||||||
MBS - agency | — | 18,911 | — | — | 18,911 | ||||||||||||||
MBS - private | — | — | 154 | — | 154 | ||||||||||||||
ABS | — | 58 | 21 | — | 79 | ||||||||||||||
Corporate and other debt securities | — | 37 | 5 | — | 42 | ||||||||||||||
Other equity securities 3 | 103 | — | 739 | — | 842 | ||||||||||||||
Total securities AFS | 1,396 | 20,193 | 953 | — | 22,542 | ||||||||||||||
LHFS: | |||||||||||||||||||
Residential loans | — | 1,114 | 3 | — | 1,117 | ||||||||||||||
Corporate and other loans | — | 261 | — | — | 261 | ||||||||||||||
Total LHFS | — | 1,375 | 3 | — | 1,378 | ||||||||||||||
LHFI | — | — | 302 | — | 302 | ||||||||||||||
MSRs | — | — | 1,300 | — | 1,300 | ||||||||||||||
Liabilities | |||||||||||||||||||
Trading liabilities and derivatives: | |||||||||||||||||||
U.S. Treasury securities | 472 | — | — | — | 472 | ||||||||||||||
Corporate and other debt securities | — | 179 | — | — | 179 | ||||||||||||||
Equity securities | 5 | — | — | — | 5 | ||||||||||||||
Derivative contracts 2 | 502 | 5,167 | 4 | (5,148 | ) | 525 | |||||||||||||
Total trading liabilities and derivatives | 979 | 5,346 | 4 | (5,148 | ) | 1,181 | |||||||||||||
Brokered time deposits | — | 764 | — | — | 764 | ||||||||||||||
Long-term debt | — | 1,556 | — | — | 1,556 | ||||||||||||||
Other liabilities 4 | — | — | 29 | — | 29 |
December 31, 2012 | |||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||
(Dollars in millions) | Level 1 | Level 2 | Level 3 | Netting Adjustments 1 | Assets/Liabilities at Fair Value | ||||||||||||||
Assets | |||||||||||||||||||
Trading assets and derivatives: | |||||||||||||||||||
U.S. Treasury securities | $111 | $— | $— | $— | $111 | ||||||||||||||
Federal agency securities | — | 462 | — | — | 462 | ||||||||||||||
U.S. states and political subdivisions | — | 34 | — | — | 34 | ||||||||||||||
MBS - agency | — | 432 | — | — | 432 | ||||||||||||||
CDO/CLO securities | — | 3 | 52 | — | 55 | ||||||||||||||
ABS | — | 31 | 5 | — | 36 | ||||||||||||||
Corporate and other debt securities | — | 566 | 1 | — | 567 | ||||||||||||||
CP | — | 28 | — | — | 28 | ||||||||||||||
Equity securities | 100 | — | — | — | 100 | ||||||||||||||
Derivative contracts 2, 3 | 485 | 8,039 | 132 | (6,573 | ) | 2,083 | |||||||||||||
Trading loans | — | 2,319 | — | — | 2,319 | ||||||||||||||
Total trading assets and derivatives | 696 | 11,914 | 190 | (6,573 | ) | 6,227 | |||||||||||||
Securities AFS: | |||||||||||||||||||
U.S. Treasury securities | 222 | — | — | — | 222 | ||||||||||||||
Federal agency securities | — | 2,069 | — | — | 2,069 | ||||||||||||||
U.S. states and political subdivisions | — | 274 | 46 | — | 320 | ||||||||||||||
MBS - agency | — | 18,169 | — | — | 18,169 | ||||||||||||||
MBS - private | — | — | 209 | — | 209 | ||||||||||||||
ABS | — | 195 | 21 | — | 216 | ||||||||||||||
Corporate and other debt securities | — | 41 | 5 | — | 46 | ||||||||||||||
Other equity securities 4 | 69 | — | 633 | — | 702 | ||||||||||||||
Total securities AFS | 291 | 20,748 | 914 | — | 21,953 | ||||||||||||||
LHFS: | |||||||||||||||||||
Residential loans | — | 2,916 | 8 | — | 2,924 | ||||||||||||||
Corporate and other loans | — | 319 | — | — | 319 | ||||||||||||||
Total LHFS | — | 3,235 | 8 | — | 3,243 | ||||||||||||||
LHFI | — | — | 379 | — | 379 | ||||||||||||||
MSRs | — | — | 899 | — | 899 | ||||||||||||||
Liabilities | |||||||||||||||||||
Trading liabilities and derivatives: | |||||||||||||||||||
U.S. Treasury securities | 582 | — | — | — | 582 | ||||||||||||||
Corporate and other debt securities | — | 173 | — | — | 173 | ||||||||||||||
Equity securities | 9 | — | — | — | 9 | ||||||||||||||
Derivative contracts 2, 3 | 300 | 7,214 | — | (7,102 | ) | 412 | |||||||||||||
Total trading liabilities and derivatives | 891 | 7,387 | — | (7,102 | ) | 1,176 | |||||||||||||
Brokered time deposits | — | 832 | — | — | 832 | ||||||||||||||
Long-term debt | — | 1,622 | — | — | 1,622 | ||||||||||||||
Other liabilities 5 | — | — | 31 | — | 31 |