Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Years Ended December 31,
		2013		2012		2011
		(Dollars in millions)
Current expense:
	Federal	$	1,004	$	273	$	83
	State		100		70		26
	Foreign		3		2		2
Total current expense			1,107		345		111
Deferred expense:
	Federal		256		396		163
	State		32		23		22
Total deferred expense			288		419		185
Provision for income taxes		$	1,395	$	764	$	296

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Years Ended December 31,
		2013			2012			2011
		(Dollars in millions)
Federal income taxes at statutory rate of 35%		$	1,093		$	977		$	570
Increase (decrease) in provision for income taxes as a result of:
	State income taxes, net of Federal tax benefit		86			61			31
	Federal tax credits		(152)			(126)			(115)
	Tax exempt income		(128)			(133)			(135)
	Nontaxable gain on termination of leveraged lease		―			(12)			(22)
	Adjustments for uncertain tax positions		516			―			―
	Other, net		(20)			(3)			(33)
Provision for income taxes		$	1,395		$	764		$	296
Effective income tax rate			44.7	%		27.4	%		18.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

			December 31,
			2013		2012
			(Dollars in millions)
Deferred tax assets:
	ALLL		$	655	$	771
	Postretirement plans			180		432
	Net unrealized loss on AFS securities			172		―
	Equity-based compensation			152		144
	Reserves and expense accruals			181		150
	Net unrealized loss on cash flow hedges			―		105
	Other			189		213
Total deferred tax assets				1,529		1,815
Deferred tax liabilities:
	Prepaid pension plan expense			431		373
	MSRs			380		201
	Lease financing			315		270
	Loan fees and expenses			263		244
	Identifiable intangible assets			128		161
	Depreciation			59		57
	Derivatives and hedging			45		163
	Net unrealized gain on AFS securities			―		201
	Other			61		70
Total deferred tax liabilities				1,682		1,740
		Net deferred tax asset (liability)	$	(153)	$	75

Reconciliation of unrecognized tax benefits

		Years Ended December 31,
		2013		2012		2011
		(Dollars in millions)
Beginning balance of unrecognized tax benefits		$	297	$	301	$	292
	Additions based on tax positions related to current year		18		14		―
	Additions for tax positions of prior years		343		―		6
	Settlements		―		(5)		(1)
	Unrecognized deferred tax benefits from business acquisitions		(14)		(13)		4
Ending balance of unrecognized tax benefits		$	644	$	297	$	301