Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

At December 31,	2013		2012
	(in millions)
Mortgage servicing rights:
Residential	$	227	$	168
Commercial	10		11
Total mortgage servicing rights	$	237	$	179
Purchased credit card relationships	54		60
Favorable lease agreements	4		8
Total intangible assets	$	295	$	247

Fair Value of Residential MSRs

The following table summarizes the critical assumptions used to calculate the fair value of residential MSRs:

At December 31,	2013		2012
Annualized constant prepayment rate ("CPR")	11.3	%	22.4	%
Constant discount rate	12.7	%	11.3	%
Weighted average life	5.3		3.4

Residential MSRs Activity

The following table summarizes residential MSRs activity:

Year Ended December 31,	2013			2012
	(in millions)
Fair value of MSRs:
Beginning balance	$	168		$	220
Additions related to loan sales	14			24
Changes in fair value due to:
Change in valuation model inputs or assumptions	88			(15		)
Customer payments	(43		)	(61		)
Ending balance	$	227		$	168

Residential Mortgage Loans Serviced for Others

The following table summarizes information regarding residential mortgage loans serviced for others, which are not included in the consolidated balance sheet:

At December 31,	2013		2012
	(in millions)
Outstanding principal balances at period end	$	26,951	$	32,041
Custodial balances maintained and included in noninterest bearing deposits at period end	$	—	$	810