COMMITMENT AND CONTINGENT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Restructuring and Related Costs

The restructuring costs and liabilities associated with the Company’s initiatives were as follows:

	Six Months Ended June 30,			Year Ended December 31,
	2018			2017
	(in millions)
Severance
Balance, beginning of year	$	23		$	22
Additions	6			17
Cash payments	(4		)	(14		)
Other reductions	—			(2		)
Balance, end of Year	$	25		$	23

	Six Months Ended June 30,			Year Ended December 31,
	2018			2017
	(in millions)
Leases
Balance, beginning of year	$	165		$	170
Expense incurred	—			29
Deferred rent	13			10
Payments made	(32		)	(48		)
Interest accretion	7			4
Balance, end of year	$	153		$	165

Federal Home Loan Bank, Advances

	Outstanding balance at end of period		Maturity of Outstanding balance	Issued during the period		Repaid during the period
June 30, 2018:	(in millions)
Short-term FHLBNY funding agreements	$	500	less than one month	$	3,000	$	3,000
Long-term FHLBNY funding agreements	1,526		less than 4 years	—		—
	193		Less than 5 years	—		—
	781		greater than five years	—		—
Total long-term funding agreements	2,500			—		—
Total FHLBNY funding agreements at June 30, 2018	$	3,000		$	3,000	$	3,000
December 31, 2017:
Short-term FHLBNY funding agreements	$	500	Less than one month	$	6,000	$	6,000
Long-term FHLBNY funding agreements	1,244		Less than 4 years	324		—
	377		Less than 5 years	303		—
	879		Greater than five years	135		—
Total long-term funding agreements	2,500			762		—
Total FHLBNY funding agreements at December 31, 2017	$	3,000		$	6,762	$	6,000