Correction of Prior Period Amounts

6 Months Ended

Jun. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Accounting Changes and Error Corrections

Correction of Prior Period Amounts

During the first quarter of 2016, the Company corrected a prior period error related to the recognition of income associated with two LIHC investment fund structures. This error affected historical periods beginning in 2010 through December 31, 2015. The Company recognized certain noninterest income amounts related to transactions with the two LIHC investment fund structures. These amounts should not have been recorded in earnings until the investments were liquidated or deconsolidated. This error was not material to any of the Company's previously issued financial statements. In accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (SAB 108), the consolidated balance sheets as of December 31, 2015 and December 31, 2014 and the consolidated statements of changes in stockholder's equity for the six months ended June 30, 2016 and 2015 have been adjusted to reflect the correction of this error.

The following tables show the affected line items within the consolidated financial statements:

	December 31, 2015
(Dollars in millions)	As Previously Reported		Adjustment			As Corrected
Other assets	$	5,377	$	10		$	5,387
Other liabilities	2,023		(6		)	2,017
Retained earnings	8,854		(18		)	8,836
Noncontrolling interests	181		34			215

	December 31, 2014
(Dollars in millions)	As Previously Reported		Adjustment			As Corrected
Other assets	$	4,630	$	10		$	4,640
Other liabilities	1,897		(6		)	1,891
Retained earnings	8,283		(18		)	8,265
Noncontrolling interests	230		34			264