Securitizations And Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2014

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				Assets of nonconsolidated VIEs (a)			Maximum exposure to loss in nonconsolidated VIEs
September 30, 2014
On-balance sheet variable interest entities
Consumer automobile	$	33,331		(b)
Commercial automobile	16,499
Commercial other	—
Off-balance sheet variable interest entities
Consumer automobile	—				$	2,032		$	2,032	(c)
Commercial other	121			(d)	—		(e)	291
Total	$	49,951			$	2,032		$	2,323
December 31, 2013
On-balance sheet variable interest entities
Consumer automobile	$	19,072
Commercial automobile	20,511
Commercial other	564
Off-balance sheet variable interest entities
Consumer automobile	—				$	899		$	899	(c)
Commercial other	(24		)	(d)	—		(e)	40
Total	$	40,123			$	899		$	939


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


(b)	Includes $14.3 billion of unsecuritized involvement with VIEs and thus not restricted for use as collateral to beneficial interest holders at September 30, 2014.

(c)

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.


(d)	Includes $143 million and $0 million classified as other assets, offset by $22 million and $24 million classified as accrued expenses and other liabilities at September 30, 2014, and December 31, 2013, respectively.


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

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, 2014 and 2013. 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
2014
Cash proceeds from transfers completed during the period	$	1,557	$	—
Servicing fees	6		—
Representations and warranties obligations	—		(9		)
2013
Cash proceeds from transfers completed during the period	$	—	$	8,676
Servicing fees	10		68
Representations and warranties obligations	—		(65		)
Other cash flows	—		70

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 present quantitative information about delinquencies and net credit losses. Refer to Note 9 for further detail on total serviced assets.



	Total Amount				Amount 60 days or more past due (a)
($ in millions)	September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013
On-balance sheet loans (b)
Consumer automobile	$	58,675	$	56,417	$	388	$	412
Consumer mortgage	7,598		8,460		181		164
Commercial automobile	31,492		33,803		—		42
Commercial other	1,756		1,683		—		—
Total on-balance sheet loans	99,521		100,363		569		618
Off-balance sheet securitization entities (c)
Consumer automobile	2,032		899		3		3
Total off-balance sheet securitization entities	2,032		899		3		3
Whole-loan transactions (d)	1,238		2,848		37		69
Total	$	102,791	$	104,110	$	609	$	690


(a)	Includes both accruing and non-accruing loans 60 days or more past due.


(b)	Includes current unpaid principal balance and any related unamortized deferred fees and costs.


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


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



	Net credit losses
	Three months ended September 30,				Nine months ended September 30,
($ in millions)	2014		2013		2014			2013
On-balance sheet loans
Consumer automobile	$	137	$	115	$	341		$	288
Consumer mortgage	12		11		32			58
Commercial automobile	—		—		1			—
Commercial other	—		—		(7		)	(3		)
Total on-balance sheet loans	149		126		367			343
Off-balance sheet securitization entities
Consumer automobile	—		1		1			3
Total off-balance sheet securitization entities	—		1		1			3
Whole-loan transactions	1		3		5			8
Total	$	150	$	130	$	373		$	354

- 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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