Derivative Instruments And Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [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 June 30, 2013 and December 31, 2012, $310 million and $2.3 billion, respectively, of the derivative contracts in a receivable position were classified as other assets on the Condensed Consolidated Balance Sheet. At June 30, 2013 and December 31, 2012, $220 million and $2.5 billion of derivative contracts in a liability position were classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.

	June 30, 2013						December 31, 2012
	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	$	124	$	83	$	7,018	$	411	$	—	$	7,248
Cash flow accounting hedges	—		—		698		—		10		2,580
Total interest rate risk	124		83		7,716		411		10		9,828
Foreign exchange risk
Net investment accounting hedges	48		10		3,037		35		53		8,693
Total derivatives qualifying for hedge accounting	172		93		10,753		446		63		18,521
Economic hedges
Interest rate risk
MSRs	—		—		—		1,616		2,299		146,405
Mortgage loan commitments and mortgage loans held-for-sale	—		—		4		49		23		9,617
Debt	48		27		10,112		28		29		17,716
Net fixed versus variable interest rate exposure and equity investments (c)	89		89		51,500		154		27		41,514
Total interest rate risk	137		116		61,616		1,847		2,378		215,252
Foreign exchange risk	1		11		1,545		5		27		2,464
Total economic hedges	138		127		63,161		1,852		2,405		217,716
Total derivatives	$	310	$	220	$	73,914	$	2,298	$	2,468	$	236,237

(a) Includes accrued interest of $65 million and $175 million at June 30, 2013 and December 31, 2012, respectively.

(b) Includes accrued interest of $8 million and $144 million at June 30, 2013 and December 31, 2012, respectively.

(c) Primarily consists of exchange-traded Eurodollar futures with $13 million and $32 million in a receivable position, $13 million and $5 million in a payable position, and of a $34.7 billion and $24.2 billion notional amount at June 30, 2013 and December 31, 2012, respectively. Also includes equity options with $0 million and $1 million in a receivable position, $9 million and $8 million in a payable position, and of a $212 million and $554 million notional amount at June 30, 2013 and December 31, 2012, respectively.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [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 June 30,						Six months ended June 30,
($ in millions)	2013			2012			2013			2012
Derivatives qualifying for hedge accounting
(Loss) gain recognized in earnings on derivatives (a)
Interest rate contracts
Interest on long-term debt	$	(215	)	$	268		$	(313	)	$	199
Gain (loss) recognized in earnings on hedged items (b)
Interest rate contracts
Interest on long-term debt	225			(259		)	326			(208		)
Total derivatives qualifying for hedge accounting	10			9			13			(9		)
Economic derivatives
Gain (loss) recognized in earnings on derivatives
Interest rate contracts
Servicing asset valuation and hedge activities, net	—			321			(112		)	225
(Loss) gain on mortgage and automotive loans, net	(5		)	(59		)	(37		)	24
Other income, net of losses	7			(45		)	6			(27		)
Total interest rate contracts	2			217			(143		)	222
Foreign exchange contracts (c)
Interest on long-term debt	(20		)	8			19			(1		)
Other income, net of losses	1			50			29			25
Total foreign exchange contracts	(19		)	58			48			24
(Loss) gain recognized in earnings on derivatives	$	(7	)	$	284		$	(82	)	$	237

(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 $28 million and $29 million for the three months endedJune 30, 2013 and 2012, respectively, and $61 million and $55 million for the six months endedJune 30, 2013 and 2012, respectively.

(b) Amounts exclude gains related to amortization of deferred basis adjustments on the hedged items. The gains were $38 million and $59 million for the three months endedJune 30, 2013 and 2012, respectively, and $76 million and $119 million for the six months endedJune 30, 2013 and 2012, respectively.

(c) Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $18 million and losses of $56 million were recognized for the three months endedJune 30, 2013 and 2012, respectively. Losses of $47 million and $25 million were recognized for the six months endedJune 30, 2013 and 2012, 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 June 30,						Six months ended June 30,
($ in millions)	2013			2012			2013			2012
Cash flow hedges
Interest rate contracts
Loss reclassified from accumulated other comprehensive income to interest on long-term debt (a)	$	—		$	—		$	(7	)	$	—
Gain (loss) recorded directly to interest on long-term debt	1			—			1			(5		)
Total interest on long-term debt	$	1		$	—		$	(6	)	$	(5	)
Gain (loss) recognized in other comprehensive income	$	3		$	1		$	10		$	(2	)
Net investment hedges
Foreign exchange contracts
Loss reclassified from accumulated other comprehensive income (loss) to income (loss) from discontinued operations, net	$	(112	)	$	(1	)	$	(261	)	$	(1	)
Total other income, net of losses	$	(112	)	$	(1	)	$	(261	)	$	(1	)
Gain recognized in other comprehensive income (b)	$	158		$	249		$	327		$	46

(a) The amount represents losses reclassified from other comprehensive income (OCI) into earnings as a result of the discontinuance of hedge accounting because it is probable that the forecasted transaction will not occur.

(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 losses of $20 million and $343 million for the three months endedJune 30, 2013 and 2012, respectively. There were losses of $539 million and $43 million for the six months endedJune 30, 2013 and 2012, respectively.