NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2013

NONCONTROLLING INTERESTS

Rollforward of noncontrolling interests

	Redeemable Noncontrolling interests									Non-redeemable Noncontrolling interests
(in millions)	Held by Department of Treasury			Other			Total			Held by FRBNY			Other			Total
Year Ended December 31, 2013
Balance, beginning of year	$	–		$	334		$	334		$	–		$	667		$	667
Contributions from noncontrolling interests		–			48			48			–			33			33
Distributions to noncontrolling interests		–			(167	)		(167	)		–			(81	)		(81	)
Consolidation (deconsolidation)		–			(169	)		(169	)		–			–			–
Comprehensive income (loss):
Net income		–			2			2			–			5			5
Other comprehensive income (loss), net of tax:
Unrealized losses on investments		–			(16	)		(16	)		–			–			–
Foreign currency translation adjustments		–			(2	)		(2	)		–			(5	)		(5	)
Total other comprehensive income (loss), net of tax		–			(18	)		(18	)		–			(5	)		(5	)
Total comprehensive income (loss)		–			(16	)		(16	)		–			–			–
Other		–			–			–			–			(8	)		(8	)
Balance, end of year	$	–		$	30		$	30		$	–		$	611		$	611
Year Ended December 31, 2012
Balance, beginning of year	$	8,427		$	96		$	8,523		$	–		$	855		$	855
Repayment to Department of the Treasury		(8,635	)		–			(8,635	)		–			–			–
Contributions from noncontrolling interests		–			36			36			–			(87	)		(87	)
Distributions to noncontrolling interests		–			68			68			–			(27	)		(27	)
Consolidation (deconsolidation)		–			–			–			–			–			–
Comprehensive income:
Net income		208			14			222			–			40			40
Other comprehensive income (loss), net of tax:
Unrealized gains on investments		–			4			4			–			5			5
Foreign currency translation adjustments		–			–			–			–			(6	)		(6	)
Total other comprehensive income (loss), net of tax		–			4			4			–			(1	)		(1	)
Total comprehensive income		208			18			226			–			39			39
Other		–			116			116			–			(113	)		(113	)
Balance, end of year	$	–		$	334		$	334		$	–		$	667		$	667
Year Ended December 31, 2011
Balance, beginning of year	$	–		$	434		$	434		$	26,358		$	1,562		$	27,920
Repurchase of SPV preferred interests in connection with Recapitalization		–			–			–			(26,432	)		–			(26,432	)
Exchange of consideration for preferred stock in connection with Recapitalization		20,292			–			20,292			–			–			–
Repayment to Department of the Treasury		(12,425	)		–			(12,425	)		–			–			–
Contributions from noncontrolling interests		–			–			–			–			–			–
Distributions to noncontrolling interests		–			(21	)		(21	)		–			(8	)		(8	)
Deconsolidation		–			(307	)		(307	)		–			(123	)		(123	)
Acquisition of noncontrolling interest		–			–			–			–			(489	)		(489	)
Comprehensive income (loss):
Net income (loss)		560			(8	)		552			74			82			156
Other comprehensive income (loss), net of tax:
Unrealized losses on investments		–			(2	)		(2	)		–			(155	)		(155	)
Foreign currency translation adjustments		–			–			–			–			36			36
Total other comprehensive income (loss), net of tax		–			(2	)		(2	)		–			(119	)		(119	)
Total comprehensive income (loss)		560			(10	)		550			74			(37	)		37
Other		–			–			–			–			(50	)		(50	)
Balance, end of year	$	8,427		$	96		$	8,523		$	–		$	855		$	855