Derivative Instruments And Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Amounts Of Derivative Instruments Reported On Our Condensed Consolidated Balance Sheet [Table Text Block]

The following table summarizes the fair value amounts of derivative instruments reported on our Condensed Consolidated Balance Sheet. The fair value amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those that are not, and are further segregated by type of contract within those two categories. At September 30, 2012, $4.6 billion of the derivative contracts in a receivable position were classified as other assets on the Condensed Consolidated Balance Sheet. At December 31, 2011, $5.7 billion and $14 million of the derivative contracts in a receivable position were classified as other assets and trading assets, respectively, on the Condensed Consolidated Balance Sheet. At September 30, 2012, $4.7 billion of derivative contracts in a liability position were classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet. At December 31, 2011, $5.4 billion of derivative contracts in a liability position and $12 million of trading derivatives were both classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.

	September 30, 2012						December 31, 2011
	Derivative contracts in a				Notional amount		Derivative contracts in a				Notional amount
($ in millions)	receivable position (a)		payable position (b)				receivable position (a)		payable position (b)
Derivatives qualifying for hedge accounting
Interest rate risk
Fair value accounting hedges	$	457	$	—	$	7,218	$	289	$	4	$	8,398
Cash flow accounting hedges	—		13		2,580		4		—		3,000
Total interest rate risk	457		13		9,798		293		4		11,398
Foreign exchange risk
Net investment accounting hedges	14		119		7,529		123		54		8,208
Total derivatives qualifying for hedge accounting	471		132		17,327		416		58		19,606
Economic hedges and trading derivatives
Interest rate risk
MSRs and retained interests	3,801		4,268		308,658		4,812		5,012		523,037
Mortgage loan commitments and mortgage loans held-for-sale	150		119		14,370		95		107		24,950
Debt	52		74		23,777		81		54		25,934
Other	131		44		38,741		160		101		42,142
Total interest rate risk	4,134		4,505		385,546		5,148		5,274		616,063
Foreign exchange risk	3		74		4,381		137		47		7,569
Total economic hedges and trading derivatives	4,137		4,579		389,927		5,285		5,321		623,632
Total derivatives	$	4,608	$	4,711	$	407,254	$	5,701	$	5,379	$	643,238

(a) Includes accrued interest of $248 million and $459 million at September 30, 2012, and December 31, 2011, respectively.

(b) Includes accrued interest of $271 million and $458 million at September 30, 2012, and December 31, 2011, respectively.

Gains and Losses on Derivative Instruments Reported in Statement of Comprehensive Income [Table Text Block]

The following table summarizes the location and amounts of gains and losses on derivative instruments reported in our Condensed Consolidated Statement of Comprehensive Income.

	Three months ended September 30,						Nine months ended September 30,
($ in millions)	2012			2011			2012			2011
Derivatives qualifying for hedge accounting
Gain recognized in earnings on derivatives (a)
Interest rate contracts
Interest on long-term debt	$	17		$	706		$	214		$	821
Loss recognized in earnings on hedged items (b)
Interest rate contracts
Interest on long-term debt	(33		)	(677		)	(238		)	(786		)
Total derivatives qualifying for hedge accounting	(16		)	29			(24		)	35
Economic and trading derivatives
(Loss) gain recognized in earnings on derivatives
Interest rate contracts
Interest on long-term debt	—			—			(3		)	(1		)
Servicing asset valuation and hedge activities, net	387			741			725			664
Gain (loss) on mortgage and automotive loans, net	28			(425		)	(68		)	(646		)
Other gain on investments, net	—			—			—			—
Other income, net of losses	(7		)	(41		)	(38		)	(74		)
Other operating expenses	—			—			—			—
Total interest rate contracts	408			275			616			(57		)
Foreign exchange contracts (c)
Interest on long-term debt	(37		)	41			(49		)	103
Other income, net of losses	(53		)	111			(28		)	(11		)
Other operating expenses	—			(6		)	2			(16		)
Total foreign exchange contracts	(90		)	146			(75		)	76
Gain recognized in earnings on derivatives	$	302		$	450		$	517		$	54

(a) Amounts exclude gains related to interest for qualifying accounting hedges of debt, which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $29 million and $64 million for the three months endedSeptember 30, 2012 and 2011, respectively, and $88 million and $231 million for the nine months endedSeptember 30, 2012 and 2011, respectively.

(b) Amounts exclude gains related to amortization of deferred basis adjustments on the hedged items. The gains were $57 million and $49 million for the three months endedSeptember 30, 2012 and 2011, respectively, and $181 million and $162 million for the nine months endedSeptember 30, 2012 and 2011, respectively.

(c) Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $92 million and losses of $157 million were recognized for the three months endedSeptember 30, 2012 and 2011, respectively. Gains of $66 million and losses of $105 million were recognized for the nine months endedSeptember 30, 2012 and 2011, respectively.

Derivative Instruments Used In Cash Flow and Net Investment Hedge Accounting Relationships [Table Text Block]

The following table summarizes derivative instruments used in cash flow and net investment hedge accounting relationships.

	Three months ended September 30,						Nine months ended September 30,
($ in millions)	2012			2011			2012			2011
Cash flow hedges
Interest rate contracts
Gain reclassified from accumulated other comprehensive income to interest on long-term debt	$	1		$	—		$	1		$	—
Loss recorded directly to interest on long-term debt	(1		)	(1		)	(6		)	—
Total interest on long-term debt	$	—		$	(1	)	$	(5	)	$	—
Loss recognized in other comprehensive income	$	(6	)	$	(7	)	$	(8	)	$	(4	)
Net investment hedges
Foreign exchange contracts
Loss reclassified from accumulated other comprehensive income to other income, net of losses	$	—		$	(3	)	$	(1	)	$	(8	)
Loss recorded directly to other income, net of losses (a)	—			—			—			(3		)
Total other income, net of losses	$	—		$	(3	)	$	(1	)	$	(11	)
(Loss) gain recognized in other comprehensive income (b)	$	(327	)	$	432		$	(281	)	$	206

(a) The amounts represent the forward points excluded from the assessment of hedge effectiveness.

(b) The amounts represent the effective portion of net investment hedges. There are offsetting amounts recognized in accumulated other comprehensive income related to the revaluation of the related net investment in foreign operations. There were gains of $317 million and losses of $446 million for the three months endedSeptember 30, 2012 and 2011, respectively. There were gains of $269 million and losses of $237 million for the nine months endedSeptember 30, 2012 and 2011, respectively.