Securitizations And Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2013

Securitizations And Variable Interest Entities [Abstract]

Schedule of Variable Interest Entities [Table Text Block]

Our involvement with consolidated and nonconsolidated VIEs in which we hold variable interests is presented below.



($ in millions)	Consolidated involvement with VIEs (a)				Assets of nonconsolidated VIEs (a)			Maximum exposure to loss in nonconsolidated VIEs
September 30, 2013
On-balance sheet variable interest entities
Consumer automobile	$	19,144
Commercial automobile	15,157
Commercial other	812
Off-balance sheet variable interest entities
Consumer automobile	—				$	1,031		$	1,031	(b)
Commercial other	(26		)	(c)	—		(d)	58
Total	$	35,087			$	1,031		$	1,089
December 31, 2012
On-balance sheet variable interest entities
Consumer automobile	$	28,566
Commercial automobile	23,139
Commercial other	728
Off-balance sheet variable interest entities
Consumer automobile	—				$	1,495		$	1,495	(b)
Consumer mortgage — other	—				—		(d)	12		(e)
Commercial other	(28		)	(c)	—		(d)	85
Total	$	52,405			$	1,495		$	1,592


(a)	Asset values represent the current unpaid principal balance of outstanding consumer and commercial finance receivables, loans, and leases within the VIEs.

(b)

Maximum exposure to loss represents the current unpaid principal balance of outstanding loans based on our customary representation and warranty provisions. This measure is based on the unlikely event that all of the loans have underwriting defects or other defects that trigger a representation and warranty provision and the collateral supporting the loans is worthless. This required disclosure is not an indication of our expected loss.


(c)	Amounts classified as accrued expenses and other liabilities.


(d)	Includes a VIE for which we have no management oversight and therefore we are not able to provide the total assets of the VIE.

(e)

Our maximum exposure to loss in this VIE is a component of servicer advances made that are allocated to the trust. The maximum exposure to loss presented represents the unlikely event that every loan underlying the excess servicing rights sold defaults, and we, as servicer, are required to advance the entire excess service fee to the trust for the contractually established period. This required disclosure is not an indication of our expected loss.

Schedule Of Cash Flow Received And Paid To Nonconsolidated Securitization Entities [Table Text Block]

The following table summarizes cash flows received and paid related to securitization entities, asset-backed financings, or other similar transfers of financial assets where the transfer is accounted for as a sale and we have a continuing involvement with the transferred assets (e.g., servicing) that were outstanding during the nine months ended September 30, 2013 and 2012. Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated securitization entities that existed during each period.



Nine months ended September 30, ($ in millions)	Consumer automobile		Consumer mortgage GSEs			Consumer mortgage private-label
2013
Cash proceeds from transfers completed during the period	$	—	$	8,676		$	—
Servicing fees	10		68			—
Representations and warranties obligations	—		(65		)	—
Other cash flows	—		70			—
2012
Cash proceeds from transfers completed during the period	$	1,978	$	23,779		$	5
Cash flows received on retained interests in securitization entities	—		—			71
Servicing fees	8		560			63
Purchases of previously transferred financial assets	—		(876		)	(12		)
Representations and warranties obligations	—		(105		)	(7		)
Other cash flows	—		(91		)	255

Schedule of Quantitative Information and Net Credit Losses about Securitized and Other Financial Assets Managed Together [Table Text Block]

The following tables represent on-balance sheet loans held-for-sale and finance receivables and loans, off-balance sheet securitizations, and whole-loan sales where we have continuing involvement. The tables presents quantitative information about delinquencies and net credit losses. Refer to Note 10 for further detail on total serviced assets.



	Total Amount				Amount 60 days or more past due
($ in millions)	September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012
On-balance sheet loans
Consumer automobile	$	56,450	$	53,715	$	384	$	351
Consumer mortgage	8,835		12,311		188		241
Commercial automobile	28,452		32,822		40		24
Commercial mortgage	—		—		—		—
Commercial other	1,626		2,783		—		1
Total on-balance sheet loans	95,363		101,631		612		617
Off-balance sheet securitization entities
Consumer automobile	1,031		1,495		3		4
Consumer mortgage - GSEs (a)	—		119,384		—		1,892
Total off-balance sheet securitization entities	1,031		120,879		3		1,896
Whole-loan transactions (b)	3,589		6,756		82		129
Total	$	99,983	$	229,266	$	697	$	2,642


(a)	Decrease due to the sales of agency MSRs. Refer to Note 10 for additional information.


(b)	Whole-loan transactions are not part of a securitization transaction, but represent consumer automobile and consumer mortgage pools of loans sold to third-party investors.



	Net credit losses
	Three months ended September 30,					Nine months ended September 30,
($ in millions)	2013		2012			2013			2012
On-balance sheet loans
Consumer automobile	$	115	$	96		$	288		$	240
Consumer mortgage	11		2			58			12
Commercial automobile	—		2			—			1
Commercial mortgage	—		—			—			(1		)
Commercial other	—		(4		)	(3		)	(31		)
Total on-balance sheet loans	126		96			343			221
Off-balance sheet securitization entities
Consumer automobile	1		1			3			1
Consumer mortgage - GSEs (a)	—		n/m			—			n/m
Total off-balance sheet securitization entities	1		1			3			1
Whole-loan transactions	3		1			8			11
Total	$	130	$	98		$	354		$	233

n/m = not meaningful


(a)	Anticipated credit losses are not meaningful due to the GSE guarantees.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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