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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Fair Value Amounts of Derivatives Designated as Hedging Instruments
The following table summarizes the fair value of derivatives as reported in the consolidated balance sheet at March 31, 2016 and December 31, 2015 (dollars in millions): 
 
 
 
Fair Value
 
Notional
 
Asset(1)
 
Liability(2)
 
Net(3)
March 31, 2016
 
 
 
 
 
 
 
Interest rate contracts:
 
 
 
 
 
 
 
Fair value hedges
$
2,176

 
$
8

 
$
(131
)
 
$
(123
)
Total derivatives designated as hedging instruments(4)
$
2,176

 
$
8

 
$
(131
)
 
$
(123
)
December 31, 2015
 
 
 
 
 
 
 
Interest rate contracts:
 
 
 
 
 
 
 
Fair value hedges
$
2,204

 
$
10

 
$
(55
)
 
$
(45
)
Total derivatives designated as hedging instruments(4)
$
2,204

 
$
10

 
$
(55
)
 
$
(45
)
 
(1)
Reflected in the other assets line item on the consolidated balance sheet.
(2)
Reflected in the other liabilities line item on the consolidated balance sheet.
(3)
Represents derivative assets net of derivative liabilities for disclosure purposes only.
(4)
All derivatives were designated as hedging instruments at March 31, 2016 and December 31, 2015
Fair Value Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Effect of Derivatives designated as Fair Value Hedges and Related Hedged Items
The following table summarizes the effect of interest rate contracts designated as fair value hedges and related hedged items on the consolidated statement of income for the three months ended March 31, 2016 and 2015 (dollars in millions): 
 
Three Months Ended March 31,
 
2016
 
2015
 
Hedging
Instrument
 
Hedged
Item
 
Hedge
Ineffectiveness(1)
 
Hedging
Instrument
 
Hedged
Item
 
Hedge
Ineffectiveness(1)
Agency debentures
$
(47
)
 
$
46

 
$
(1
)
 
$
(21
)
 
$
20

 
$
(1
)
Agency mortgage-backed securities
(69
)
 
68

 
(1
)
 
(19
)
 
19

 
—

Total gains (losses) included in earnings
$
(116
)
 
$
114

 
$
(2
)
 
$
(40
)
 
$
39

 
$
(1
)
(1)
Reflected in the gains (losses) on securities and other line item on the consolidated statement of income.