Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures

Schedule of Assets and Liabilities Measured at Fair Value

December 31, 2013			Total		Level 1		Level 2		Level 3
			(Dollars in millions)
Assets:
	Trading securities		$	381	$	256	$	125	$	―
	AFS securities:
		U.S. Treasury		595		―		595		―
		MBS issued by GSE		17,929		―		17,929		―
		States and political subdivisions		1,851		―		1,851		―
		Non-agency MBS		291		―		291		―
		Other		45		10		35		―
		Covered		1,393		―		532		861
	LHFS			1,222		―		1,222		―
	Residential MSRs			1,047		―		―		1,047
	Derivative assets:
		Interest rate contracts		862		―		859		3
		Foreign exchange contracts		2		―		2		―
	Private equity and similar investments			291		―		―		291
		Total assets	$	25,909	$	266	$	23,441	$	2,202
Liabilities:
	Derivative liabilities:
		Interest rate contracts	$	967	$	―	$	953	$	14
		Foreign exchange contracts		3		―		3		―
	Short-term borrowings			84		―		84		―
		Total liabilities	$	1,054	$	―	$	1,040	$	14

December 31, 2012			Total		Level 1		Level 2		Level 3
			(Dollars in millions)
Assets:
	Trading securities		$	497	$	302	$	194	$	1
	AFS securities:
		U.S. Treasury		281		―		281		―
		GSE		9		―		9		―
		MBS issued by GSE		20,930		―		20,930		―
		States and political subdivisions		2,011		―		2,011		―
		Non-agency MBS		312		―		312		―
		Other		3		2		1		―
		Covered		1,591		―		597		994
	LHFS			3,761		―		3,761		―
	Residential MSRs			627		―		―		627
	Derivative assets:
		Interest rate contracts		1,446		―		1,391		55
		Foreign exchange contracts		4		―		4		―
	Private equity and similar investments			323		―		―		323
		Total assets	$	31,795	$	304	$	29,491	$	2,000
Liabilities:
	Derivative liabilities:
		Interest rate contracts	$	1,434	$	―	$	1,433	$	1
		Foreign exchange contracts		3		―		3		―
	Short-term borrowings			98		―		98		―
		Total liabilities	$	1,535	$	―	$	1,534	$	1

Roll Forward of Level 3 Assets and Liabilities

												Private
												Equity and
						Covered		Residential		Net		Similar
Year Ended December 31, 2013				Trading		Securities		MSRs		Derivatives		Investments
				(Dollars in millions)
Balance at January 1, 2013				$	1	$	994	$	627	$	54	$	323
	Total realized and unrealized gains (losses):
		Included in earnings:
			Interest income		―		37		―		―		―
			Mortgage banking income		―		―		229		21		―
			Other noninterest income		―		―		―		―		33
		Included in unrealized net holding gains (losses) in OCI			―		(14)		―		―		―
	Purchases				40		―		―		―		58
	Issuances				―		―		336		65		―
	Sales				(41)		―		―		―		(59)
	Settlements				―		(156)		(145)		(151)		(64)
Balance at December 31, 2013				$	―	$	861	$	1,047	$	(11)	$	291
Change in unrealized gains (losses) included in earnings for
	the period, attributable to assets and liabilities still held
	at December 31, 2013			$	―	$	37	$	229	$	(11)	$	22

												Private
												Equity and
						Covered		Residential		Net		Similar
Year Ended December 31, 2012				Trading		Securities		MSRs		Derivatives		Investments
				(Dollars in millions)
Balance at January 1, 2012				$	1	$	984	$	563	$	59	$	261
	Total realized and unrealized gains (losses):
		Included in earnings:
			Interest income		―		48		―		―		―
			Mortgage banking income		―		―		(32)		458		―
			Other noninterest income		―		―		―		―		21
		Included in unrealized net holding gains (losses) in OCI			―		88		―		―		―
	Purchases				4		―		―		―		101
	Issuances				―		―		270		308		―
	Sales				(4)		―		―		―		(59)
	Settlements				―		(126)		(174)		(771)		(1)
Balance at December 31, 2012				$	1	$	994	$	627	$	54	$	323
Change in unrealized gains (losses) included in earnings for
	the period, attributable to assets and liabilities still held
	at December 31, 2012			$	―	$	48	$	(32)	$	54	$	12

																Private
						States &										Equity and
						Political		Other		Covered		Residential		Net		Similar
Year Ended December 31, 2011				Trading		Subdivisions		Securities		Securities		MSRs		Derivatives		Investments
				(Dollars in millions)
Balance at January 1, 2011				$	11	$	119	$	7	$	954	$	830	$	(25)	$	266
	Total realized and unrealized gains (losses):
		Included in earnings:
			Interest income		―		―		―		54		―		―		―
			Mortgage banking income		―		―		―		―		(341)		151		―
			Other noninterest income		(3)		―		―		―		―		―		64
		Included in OCI			―		(9)		(1)		24		―		―		―
	Purchases				7		―		―		―		―		―		61
	Issuances				―		―		―		―		225		110		―
	Sales				(14)		―		―		―		―		―		(112)
	Settlements				―		(53)		(1)		(48)		(151)		(177)		(15)
	Transfers into Level 3				―		―		―		―		―		―		1
	Transfers out of Level 3				―		(57)		(5)		―		―		―		(4)
Balance at December 31, 2011				$	1	$	―	$	―	$	984	$	563	$	59	$	261
Change in unrealized gains (losses)
	included in earnings for the period,
	attributable to assets and liabilities
	still held at December 31, 2011			$	―	$	―	$	―	$	54	$	(341)	$	59	$	39

Fair Value and Unpaid Principal Balance of Loans Held for Sale

	December 31, 2013						December 31, 2012
	Fair		Aggregate				Fair		Aggregate
	Value		UPB		Difference		Value		UPB		Difference
	(Dollars in millions)
LHFS reported at fair value	$	1,222	$	1,223	$	(1)	$	3,761	$	3,652	$	109

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

	As Of / For The Year Ended December 31,
	2013				2012
	Carrying Value		Valuation Adjustments		Carrying Value		Valuation Adjustments
	(Dollars in millions)
Impaired loans	$	50	$	(41)	$	137	$	(109)
Foreclosed real estate		71		(6)		107		(147)

Carrying Amounts and Fair Values of Financial Assets and Liabilities Not Recorded at Fair Value

		Carrying		Total
December 31, 2013		Amount		Fair Value		Level 2		Level 3
		(Dollars in millions)
Financial assets:
	HTM securities	$	18,101	$	17,530	$	17,491	$	39
	Loans and leases, net of ALLL excluding covered loans		112,264		112,261		―		112,261
	Covered loans, net of ALLL		1,921		2,200		―		2,200
	FDIC loss share receivable		843		464		―		464
Financial liabilities:
	Deposits		127,475		127,810		127,810		―
	FDIC loss share payable		669		652		―		652
	Long-term debt		21,493		22,313		22,313		―

		Carrying		Total
December 31, 2012		Amount		Fair Value		Level 2		Level 3
		(Dollars in millions)
Financial assets:
	HTM securities	$	13,594	$	13,848	$	13,810	$	38
	Loans and leases, net of ALLL excluding covered loans		109,419		109,621		―		109,621
	Covered loans, net of ALLL		3,166		3,661		―		3,661
	FDIC loss share receivable		1,106		751		―		751
Financial liabilities:
	Deposits		133,075		133,377		133,377		―
	FDIC loss share payable		627		602		―		602
	Long-term debt		19,114		20,676		20,676		―

Notional or Contractual Amounts and Fair Values of Off Balance-Sheet Financial Instruments

	December 31, 2013				December 31, 2012
	Notional/				Notional/
	Contract				Contract
	Amount		Fair Value		Amount		Fair Value
	(Dollars in millions)
Commitments to extend, originate or purchase credit	$	45,333	$	86	$	41,410	$	74
Residential mortgage loans sold with recourse		783		13		1,019		12
Other loans sold with recourse		4,594		9		4,970		13
Letters of credit and financial guarantees written		4,355		39		5,164		30