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Finance Receivables And Loans, Net (Tables)
 9 Months Ended
Sep. 30, 2013
Loans and Leases Receivable, Net Reported Amount, by Category Alternative [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
The composition of finance receivables and loans, net, reported at carrying value before allowance for loan losses was as follows.
 ($ in millions)
 
September 30, 2013
 
December 31, 2012
Consumer automobile (a)
 
$
56,450

 
$
53,715

Consumer mortgage
 
 
 
 
1st Mortgage
 
6,343

 
7,173

Home equity
 
2,429

 
2,648

Total consumer mortgage
 
8,772

 
9,821

Commercial
 
 
 
 
Commercial and industrial
 
 
 
 
Automobile
 
25,691

 
30,270

Mortgage
 
—

 
—

Other
 
1,607

 
2,697

Commercial real estate
 
 
 
 
Automobile
 
2,761

 
2,552

Mortgage
 
—

 
—

Total commercial
 
30,059

 
35,519

Total finance receivables and loans (b) (c)
 
$
95,281

 
$
99,055

(a)
Includes $3 million of fair value adjustment for loans in hedge accounting relationships at September 30, 2013. Refer to Note 20 for additional information.
(b)
Totals are net of unearned income, unamortized premiums and discounts, and deferred fees and costs of $695 million and $895 million at September 30, 2013, and December 31, 2012, respectively.
(c)
Includes no international loans at September 30, 2013. Includes $2 million of international consumer automobile loans and $18 million of international commercial other loans at December 31, 2012.
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans.
Three months ended September 30, 2013 ($ in millions)
 
Consumer
automobile
 
Consumer
mortgage
 
Commercial
 
Total
Allowance at July 1, 2013
 
$
610

 
$
431

 
$
142

 
$
1,183

Charge-offs
 
(168
)
 
(16
)
 
—

 
(184
)
Recoveries
 
53

 
5

 
—

 
58

Net charge-offs
 
(115
)
 
(11
)
 
—

 
(126
)
Provision for loan losses
 
156

 
(12
)
 
(3
)
 
141

Other
 
—

 
(1
)
 
1

 
—

Allowance at September 30, 2013
 
$
651

 
$
407

 
$
140

 
$
1,198


Three months ended September 30, 2012 ($ in millions)
 
Consumer
automobile
 
Consumer
mortgage
 
Commercial
 
Total
Allowance at July 1, 2012
 
$
778

 
$
472

 
$
177

 
$
1,427

Charge-offs (a)
 
(158
)
 
(33
)
 
(3
)
 
(194
)
Recoveries (b)
 
62

 
2

 
5

 
69

Net charge-offs
 
(96
)
 
(31
)
 
2

 
(125
)
Provision for loan losses
 
99

 
6

 
—

 
105

Other (c)
 
22

 
—

 
(6
)
 
16

Allowance at September 30, 2012
 
$
803

 
$
447

 
$
173

 
$
1,423


(a)
Includes international consumer automobile charge-offs of $47 million.
(b)
Includes international consumer automobile and international commercial recoveries of $21 million and $4 million, respectively.
(c)
Includes provision for loan losses relating to discontinued operations of $11 million.
Nine months ended September 30, 2013 ($ in millions)
 
Consumer
automobile
 
Consumer
mortgage
 
Commercial
 
Total
Allowance at January 1, 2013
 
$
575

 
$
452

 
$
143

 
$
1,170

Charge-offs (a)
 
(443
)
 
(71
)
 
(3
)
 
(517
)
Recoveries
 
155

 
13

 
6

 
174

Net charge-offs
 
(288
)
 
(58
)
 
3

 
(343
)
Provision for loan losses
 
355

 
14

 
(8
)
 
361

Other
 
9

 
(1
)
 
2

 
10

Allowance at September 30, 2013
 
$
651

 
$
407

 
$
140

 
$
1,198

Allowance for loan losses
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
22

 
$
199

 
$
28

 
$
249

Collectively evaluated for impairment
 
629

 
208

 
112

 
949

Loans acquired with deteriorated credit quality
 
—

 
—

 
—

 
—

Finance receivables and loans at historical cost
 
 
 
 
 
 
 
 
Ending balance
 
56,450

 
8,772

 
30,059

 
95,281

Individually evaluated for impairment
 
269

 
916

 
251

 
1,436

Collectively evaluated for impairment
 
56,170

 
7,856

 
29,808

 
93,834

Loans acquired with deteriorated credit quality
 
11

 
—

 
—

 
11

(a)
Includes international commercial charge-offs of $1 million.
Nine months ended September 30, 2012 ($ in millions)
 
Consumer
automobile
 
Consumer
mortgage
 
Commercial
 
Total
Allowance at January 1, 2012
 
$
766

 
$
516

 
$
221

 
$
1,503

Charge-offs (a)
 
(424
)
 
(119
)
 
(8
)
 
(551
)
Recoveries (b)
 
184

 
8

 
39

 
231

Net charge-offs
 
(240
)
 
(111
)
 
31

 
(320
)
Provision for loan losses
 
200

 
54

 
(18
)
 
236

Other (c)
 
77

 
(12
)
 
(61
)
 
4

Allowance at September 30, 2012
 
$
803

 
$
447

 
$
173

 
$
1,423

Allowance for loan losses
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
10

 
$
172

 
$
38

 
$
220

Collectively evaluated for impairment
 
789

 
275

 
135

 
1,199

Loans acquired with deteriorated credit quality
 
4

 
—

 
—

 
4

Finance receivables and loans at historical cost
 
 
 
 
 
 
 
 
Ending balance
 
70,847

 
9,787

 
40,625

 
121,259

Individually evaluated for impairment
 
97

 
738

 
1,662

 
2,497

Collectively evaluated for impairment
 
70,710

 
9,049

 
38,963

 
118,722

Loans acquired with deteriorated credit quality
 
40

 
—

 
—

 
40

(a)
Includes international consumer automobile and international commercial charge-offs of $128 million and $2 million, respectively.
(b)
Includes international consumer automobile and international commercial recoveries of $55 million and $29 million, respectively.
(c)
Includes provision for loan losses relating to discontinued operations of $49 million.
Schedule Of Sales Of Financing Receivables And Loans [Table Text Block]
The following table presents information about significant sales of finance receivables and loans recorded at historical cost and transfers of finance receivables and loans from held-for-investment to held-for-sale.
 
 
Three months ended September 30,
 
Nine months ended September 30,
($ in millions)
 
2013
 
2012
 
2013
 
2012
Consumer automobile
 
$
—

 
$
—

 
$
—

 
$
1,960

Consumer mortgage
 
—

 
—

 
—

 
40

Commercial
 
2

 
10

 
47

 
10

Total sales and transfers
 
$
2

 
$
10

 
$
47

 
$
2,010
Past Due Financing Receivables [Table Text Block]
The following table presents an analysis of our past due finance receivables and loans, net, recorded at historical cost reported at carrying value before allowance for loan losses.
($ in millions)
 
30-59 days
past due
 
60-89 days
past due
 
90 days
or more
past due
 
Total
past due
 
Current
 
Total finance
receivables and loans
September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Consumer automobile
 
$
1,024

 
$
231

 
$
153

 
$
1,408

 
$
55,042

 
$
56,450

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
64

 
22

 
123

 
209

 
6,134

 
6,343

Home equity
 
17

 
5

 
12

 
34

 
2,395

 
2,429

Total consumer mortgage
 
81

 
27

 
135

 
243

 
8,529

 
8,772

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
14

 
11

 
15

 
40

 
25,651

 
25,691

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Other
 
—

 
—

 
—

 
—

 
1,607

 
1,607

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
—

 
7

 
7

 
14

 
2,747

 
2,761

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Total commercial
 
14

 
18

 
22

 
54

 
30,005

 
30,059

Total consumer and commercial
 
$
1,119

 
$
276

 
$
310

 
$
1,705

 
$
93,576

 
$
95,281

December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Consumer automobile
 
$
920

 
$
213

 
$
138

 
$
1,271

 
$
52,444

 
$
53,715

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
66

 
37

 
156

 
259

 
6,914

 
7,173

Home equity
 
15

 
6

 
18

 
39

 
2,609

 
2,648

Total consumer mortgage
 
81

 
43

 
174

 
298

 
9,523

 
9,821

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
—

 
—

 
16

 
16

 
30,254

 
30,270

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Other
 
—

 
—

 
1

 
1

 
2,696

 
2,697

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
—

 
—

 
8

 
8

 
2,544

 
2,552

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Total commercial
 
—

 
—

 
25

 
25

 
35,494

 
35,519

Total consumer and commercial
 
$
1,001

 
$
256

 
$
337

 
$
1,594

 
$
97,461

 
$
99,055
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The following table presents the carrying value before allowance for loan losses of our finance receivables and loans recorded at historical cost on nonaccrual status.
($ in millions)
 
September 30, 2013
 
December 31, 2012
Consumer automobile
 
$
306

 
$
260

Consumer mortgage
 
 
 
 
1st Mortgage
 
197

 
342

Home equity
 
29

 
40

Total consumer mortgage
 
226

 
382

Commercial
 
 
 
 
Commercial and industrial
 
 
 
 
Automobile
 
140

 
146

Mortgage
 
—

 
—

Other
 
84

 
33

Commercial real estate
 
 
 
 
Automobile
 
27

 
37

Mortgage
 
—

 
—

Total commercial
 
251

 
216

Total consumer and commercial finance receivables and loans
 
$
783

 
$
858
Financing Receivable Credit Quality Indicators [Table Text Block]
The following table presents performing and nonperforming credit quality indicators in accordance with our internal accounting policies for our consumer finance receivables and loans recorded at historical cost reported at carrying value before allowance for loan losses. Nonperforming loans include finance receivables and loans on nonaccrual status when the principal or interest has been delinquent for 90 days or when full collection is determined not to be probable. Refer to Note 1 to the Consolidated Financial Statements in our 2012 Annual Report for additional information.
 
 
September 30, 2013
 
December 31, 2012
($ in millions)
 
Performing
 
Nonperforming
 
Total
 
Performing
 
Nonperforming
 
Total
Consumer automobile
 
$
56,144

 
$
306

 
$
56,450

 
$
53,455

 
$
260

 
$
53,715

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
6,146

 
197

 
6,343

 
6,831

 
342

 
7,173

Home equity
 
2,400

 
29

 
2,429

 
2,608

 
40

 
2,648

Total consumer mortgage
 
$
8,546

 
$
226

 
$
8,772

 
$
9,439

 
$
382

 
$
9,821

The following table presents pass and criticized credit quality indicators based on regulatory definitions for our commercial finance receivables and loans recorded at historical cost reported at carrying value before allowance for loan losses.
 
 
September 30, 2013
 
December 31, 2012
($ in millions)
 
Pass
 
Criticized (a)
 
Total
 
Pass
 
Criticized (a)
 
Total
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
$
24,446

 
$
1,245

 
$
25,691

 
$
28,978

 
$
1,292

 
$
30,270

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Other
 
1,312

 
295

 
1,607

 
2,417

 
280

 
2,697

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
2,676

 
85

 
2,761

 
2,440

 
112

 
2,552

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Total commercial
 
$
28,434

 
$
1,625

 
$
30,059


$
33,835

 
$
1,684

 
$
35,519

(a)
Includes loans classified as special mention, substandard, or doubtful. These classifications are based on regulatory definitions and generally represent loans within our portfolio that have a higher default risk or have already defaulted.
Impaired Financing Receivables [Table Text Block]
The following table presents information about our impaired finance receivables and loans recorded at historical cost.
($ in millions)
 
Unpaid principal balance
 
Carrying value before allowance
 
Impaired with no allowance
 
Impaired with an allowance
 
Allowance for impaired loans
September 30, 2013
 
 
 
 
 
 
 
 
 
 
Consumer automobile
 
$
269

 
$
269

 
$
—

 
$
269

 
$
22

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
779

 
772

 
124

 
648

 
145

Home equity
 
143

 
144

 
1

 
143

 
54

Total consumer mortgage
 
922

 
916

 
125

 
791

 
199

Commercial
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
Automobile
 
140

 
140

 
49

 
91

 
15

Mortgage
 
—

 
—

 
—

 
—

 
—

Other
 
84

 
84

 
10

 
74

 
11

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Automobile
 
27

 
27

 
6

 
21

 
2

Mortgage
 
—

 
—

 
—

 
—

 
—

Total commercial
 
251

 
251

 
65

 
186

 
28

Total consumer and commercial finance receivables and loans
 
$
1,442

 
$
1,436

 
$
190

 
$
1,246

 
$
249

December 31, 2012
 
 
 
 
 
 
 
 
 
 
Consumer automobile
 
$
260

 
$
260

 
$
90

 
$
170

 
$
16

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
811

 
725

 
123

 
602

 
137

Home equity
 
147

 
148

 
1

 
147

 
49

Total consumer mortgage
 
958

 
873

 
124

 
749

 
186

Commercial
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
Automobile
 
146

 
146

 
54

 
92

 
7

Mortgage
 
—

 
—

 
—

 
—

 
—

Other
 
33

 
33

 
9

 
24

 
7

Commercial real estate
 
 
 
 
 
 
 
 
 
 
Automobile
 
37

 
37

 
9

 
28

 
12

Mortgage
 
—

 
—

 
—

 
—

 
—

Total commercial
 
216

 
216

 
72

 
144

 
26

Total consumer and commercial finance receivables and loans
 
$
1,434

 
$
1,349

 
$
286

 
$
1,063

 
$
228

The following tables present average balance and interest income for our impaired finance receivables and loans.
 
 
2013
 
2012
Three months ended September 30, ($ in millions)
 
Average
balance
 
Interest
income
 
Average
balance
 
Interest
income
Consumer automobile
 
$
275

 
$
5

 
$
97

 
$
2

Consumer mortgage
 
 
 
 
 
 
 
 
1st Mortgage
 
778

 
6

 
628

 
10

Home equity
 
146

 
1

 
91

 
1

Total consumer mortgage
 
924

 
7

 
719

 
11

Commercial
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
Automobile
 
163

 
2

 
229

 
4

Mortgage
 
—

 
—

 
—

 
—

Other
 
84

 
—

 
37

 
—

Commercial real estate
 
 
 
 
 
 
 
 
Automobile
 
29

 
—

 
51

 
1

Mortgage
 
—

 
—

 
—

 
—

Total commercial
 
276

 
2

 
317

 
5

Total consumer and commercial finance receivables and loans
 
$
1,475

 
$
14

 
$
1,133

 
$
18

 
 
2013
 
2012
Nine months ended September 30, ($ in millions)
 
Average
balance
 
Interest
income
 
Average
balance
 
Interest
income
Consumer automobile
 
$
274

 
$
14

 
$
91

 
$
7

Consumer mortgage
 
 
 
 
 
 
 
 
1st Mortgage
 
764

 
18

 
574

 
21

Home equity
 
141

 
4

 
95

 
3

Total consumer mortgage
 
905

 
22

 
669

 
24

Commercial
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
Automobile
 
160

 
5

 
212

 
9

Mortgage
 
—

 
—

 
6

 
—

Other
 
69

 
1

 
32

 
5

Commercial real estate
 
 
 
 
 
 
 
 
Automobile
 
33

 
1

 
57

 
2

Mortgage
 
—

 
—

 
7

 
—

Total commercial
 
262

 
7

 
314

 
16

Total consumer and commercial finance receivables and loans
 
$
1,441

 
$
43

 
$
1,074

 
$
47
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table presents information related to finance receivables and loans recorded at historical cost modified in connection with a TDR during the period.
 
 
2013 (a)
 
2012
Three months ended September 30,
($ in millions)
 
Number of
loans
 
Pre-modification
carrying value before
allowance
 
Post-modification
carrying value before
allowance
 
Number of
loans
 
Pre-modification
carrying value before
allowance
 
Post-modification
carrying value before
allowance
Consumer automobile
 
4,610

 
$
69

 
$
57

 
1,207

 
$
14

 
$
14

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
88

 
31

 
31

 
218

 
74

 
59

Home equity
 
33

 
2

 
1

 
85

 
5

 
5

Total consumer mortgage
 
121

 
33

 
32

 
303

 
79

 
64

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
2

 
5

 
5

 
3

 
7

 
7

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Other
 
1

 
27

 
27

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
1

 
7

 
7

 
1

 
2

 
2

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Total commercial
 
4

 
39

 
39

 
4

 
9

 
9

Total consumer and commercial finance receivables and loans
 
4,735

 
$
141

 
$
128

 
1,514

 
$
102

 
$
87

(a)
Due to recent industry practice, bankruptcy loans that have not been reaffirmed have been included within our TDR population beginning in the fourth quarter of 2012.
 
 
2013 (a)
 
2012
Nine months ended September 30,
($ in millions)
 
Number of
loans
 
Pre-modification
carrying value before
allowance
 
Post-modification
carrying value before
allowance
 
Number of
loans
 
Pre-modification
carrying value before
allowance
 
Post-modification
carrying value before
allowance
Consumer automobile
 
14,309

 
$
216

 
$
182

 
5,979

 
$
72

 
$
72

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
706

 
238

 
196

 
1,140

 
333

 
247

Home equity
 
147

 
8

 
7

 
312

 
18

 
17

Total consumer mortgage
 
853

 
246

 
203

 
1,452

 
351

 
264

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
8

 
37

 
37

 
9

 
15

 
15

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Other
 
4

 
80

 
78

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
5

 
20

 
20

 
5

 
11

 
10

Mortgage
 
—

 
—

 
—

 
—

 
—

 
—

Total commercial
 
17

 
137

 
135

 
14

 
26

 
25

Total consumer and commercial finance receivables and loans
 
15,179

 
$
599

 
$
520

 
7,445

 
$
449

 
$
361

(a)
Due to recent industry practice, bankruptcy loans that have not been reaffirmed have been included within our TDR population beginning in the fourth quarter of 2012.
Finance receivables and loans redefaulted during the period [Table Text Block]
The following table presents information about finance receivables and loans recorded at historical cost that have redefaulted during the reporting period and were within 12 months or less of being modified as a TDR. Redefault is when finance receivables and loans meet the requirements for evaluation under our charge-off policy (Refer to Note 1 to the Consolidated Financial Statements in our 2012 Annual Report for additional information) except for commercial finance receivables and loans where redefault is defined as 90 days past due.
 
 
2013 (a)
 
2012
Three months ended September 30, ($ in millions)
 
Number of
loans
 
Carrying value
before allowance
 
Charge-off amount
 
Number of
loans
 
Carrying value
before allowance
 
Charge-off amount
Consumer automobile
 
1,562

 
$
19

 
$
9

 
145

 
$
2

 
$
—

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
4

 
2

 
—

 
5

 
1

 
—

Home equity
 
—

 
—

 
—

 
12

 
1

 
1

Total consumer mortgage
 
4

 
2

 
—

 
17

 
2

 
1

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
—

 
—

 
—

 
—

 
—

 
—

Total commercial
 
—

 
—

 
—

 
—

 
—

 
—

Total consumer and commercial finance receivables and loans
 
1,566

 
$
21

 
$
9

 
162

 
$
4

 
$
1

(a)
Due to recent industry practice, bankruptcy loans that have not been reaffirmed have been included within our TDR population beginning in the fourth quarter of 2012.
 
 
2013 (a)
 
2012
Nine months ended September 30, ($ in millions)
 
Number of
loans
 
Carrying value
before allowance
 
Charge-off amount
 
Number of
loans
 
Carrying value
before allowance
 
Charge-off amount
Consumer automobile
 
4,309

 
$
53

 
$
26

 
514

 
$
5

 
$
2

Consumer mortgage
 
 
 
 
 
 
 
 
 
 
 
 
1st Mortgage
 
14

 
4

 
—

 
17

 
4

 
1

Home equity
 
2

 
—

 
—

 
25

 
2

 
2

Total consumer mortgage
 
16

 
4

 
—

 
42

 
6

 
3

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
—

 
—

 
—

 
4

 
3

 
—

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
Automobile
 
—

 
—

 
—

 
1

 
2

 
—

Total commercial
 
—

 
—

 
—

 
5

 
5

 
—

Total consumer and commercial finance receivables and loans
 
4,325

 
$
57

 
$
26

 
561

 
$
16

 
$
5

(a)
Due to recent industry practice, bankruptcy loans that have not been reaffirmed have been included within our TDR population beginning in the fourth quarter of 2012.
Summary of higher-risk mortgage finance receivables and loans [Table Text Block]
The following table summarizes held-for-investment mortgage finance receivables and loans recorded at historical cost and reported at carrying value before allowance for loan losses by higher-risk loan type.
($ in millions)
 
September 30, 2013
 
December 31, 2012
Interest-only mortgage loans (a)
 
$
1,600

 
$
2,063

Below-market rate (teaser) mortgages
 
168

 
192

Total higher-risk mortgage finance receivables and loans 
 
$
1,768

 
$
2,255

(a)
The majority of the interest-only mortgage loans are expected to start principal amortization in 2015 or beyond.