E Trade Financial (ETFC) 10-K 22 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Feb. 17, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Entity Registrant Name	E TRADE FINANCIAL CORP
Entity Central Index Key	1,015,780
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Common stock shares outstanding		274,678,179
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Public Float			$ 4.3

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue:
Interest income	$ 1,233	$ 1,215	$ 1,279
Interest expense	(85)	(194)	(318)
Net interest income	1,148	1,021	961
Commissions	442	424	456
Fees and service charges	268	210	200
Principal transactions	0	0	10
Gains (losses) on securities and other, net	42	(324)	39
Other revenue	41	39	38
Total non-interest income	793	349	743
Total net revenue	1,941	1,370	1,704
Provision (benefit) for loan losses	(149)	(40)	36
Non-interest expense:
Compensation and benefits	501	466	412
Advertising and market development	131	124	120
Clearing and servicing	105	95	94
Professional services	97	103	112
Occupancy and equipment	98	88	79
Communications	87	90	71
Depreciation and amortization	79	81	78
FDIC insurance premiums	25	41	79
Amortization of other intangibles	23	20	22
Restructuring and acquisition-related activities	35	17	8
Losses on early extinguishment of debt, net	0	112	71
Other non-interest expenses	71	82	70
Total non-interest expense	1,252	1,319	1,216
Income before income tax expense (benefit)	838	91	452
Income tax expense (benefit)	286	(177)	159
Net income	$ 552	$ 268	$ 293
Basic earnings per share (in dollars per share)	$ 1.99	$ 0.92	$ 1.02
Diluted earnings per share (in dollars per share)	$ 1.98	$ 0.91	$ 1
Shares used in computation of per share data:
Basic (in thousands)	277,789	290,762	288,705
Diluted (in thousands)	279,048	295,011	294,103

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 552	$ 268	$ 293
Available-for-sale securities:
Unrealized gains (losses), net	(5)	(84)	193
Reclassification into earnings, net	(33)	(24)	(26)
Net change from available-for-sale securities	(38)	(108)	167
Cash flow hedging instruments:
Unrealized losses, net	0	(10)	(39)
Reclassification into earnings, net	0	271	76
Net change from cash flow hedging instruments	0	261	37
Foreign currency translation losses, net	0	(3)	0
Other comprehensive income (loss)	(38)	150	204
Comprehensive income	$ 514	$ 418	$ 497

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and equivalents	$ 1,950	$ 2,233
Cash required to be segregated under federal or other regulations	1,460	1,057
Available-for-sale securities	13,892	12,589
Held-to-maturity securities (fair value of $15,716 and $13,123 at December 31, 2016 and December 31, 2015, respectively)	15,751	13,013
Margin receivables	6,731	7,398
Loans receivable, net (net of allowance for loan losses of $221 and $353 at December 31, 2016 and December 31, 2015, respectively)	3,551	4,613
Receivables from brokers, dealers and clearing organizations	1,056	520
Property and equipment, net	239	236
Goodwill	2,370	1,792
Other intangibles, net	320	174
Deferred tax assets, net	756	1,033
Other assets	923	769
Total assets	48,999	45,427
Liabilities:
Deposits	31,682	29,445
Customer payables	8,159	6,544
Payables to brokers, dealers and clearing organizations	983	1,576
Other borrowings	409	491
Corporate debt	994	997
Other liabilities	500	575
Total liabilities	42,727	39,628
Commitments and contingencies (see Note 21)
Shareholders’ equity:
Preferred stock, $0.01 par value, $1,000 liquidation preference, shares authorized: 1,000,000 at December 31, 2016 and December 31, 2015; shares issued and outstanding: 400,000 at December 31, 2016 and none at December 31, 2015	394	0
Common stock, $0.01 par value, shares authorized: 400,000,000 at December 31, 2016 and December 31, 2015; shares issued and outstanding: 273,963,415 and 291,335,241 at December 31, 2016 and December 31, 2015, respectively	3	3
Additional paid-in-capital	6,921	7,356
Accumulated deficit	(909)	(1,461)
Accumulated other comprehensive loss	(137)	(99)
Total shareholders’ equity	6,272	5,799
Total liabilities and shareholders’ equity	$ 48,999	$ 45,427

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Held-to-maturity securities, fair value	$ 15,716	$ 13,123
Allowance for loan losses	$ 221	$ 353
Shareholders’ equity:
Preferred stock, par value	$ 0.01
Preferred stock, liquidation preference	$ 1,000
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	400,000	0
Preferred stock, shares outstanding (in shares)	400,000	0
Common stock par value	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	400,000,000	400,000,000
Common stock shares issued (in shares)	273,963,415	291,335,241
Common stock shares outstanding (in shares)	273,963,415	291,335,241

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance, at Dec. 31, 2013	$ 4,856	$ 0	$ 3	$ 7,328	$ (2,022)	$ (453)
Balance, (in shares) at Dec. 31, 2013			287
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	293				293
Other comprehensive income (loss)	204					204
Conversion of convertible debentures	5			5
Conversion of convertible debentures, shares			1
Exercise of stock options and related tax effects	6		$ 0	6
Exercise of stock options and related tax effects, shares			0
Issuance of restricted stock, net of forfeitures and retirements to pay taxes	(13)		$ 0	(13)
Issuance of restricted stock, net of forfeitures and retirements to pay taxes, shares			1
Share-based compensation	24			24
Balance, at Dec. 31, 2014	5,375	0	$ 3	7,350	(1,729)	(249)
Balance, (in shares) at Dec. 31, 2014			289
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	268				268
Other comprehensive income (loss)	150					150
Conversion of convertible debentures	$ 30			30
Conversion of convertible debentures, shares	2.9		3
Exercise of stock options and related tax effects	$ 2		$ 0	2
Exercise of stock options and related tax effects, shares			0
Repurchases of common stock	(50)			(50)
Repurchases of common stock, shares			(2)
Issuance of restricted stock, net of forfeitures and retirements to pay taxes	(10)		$ 0	(10)
Issuance of restricted stock, net of forfeitures and retirements to pay taxes, shares			1
Share-based compensation	34			34
Balance, at Dec. 31, 2015	5,799	0	$ 3	7,356	(1,461)	(99)
Balance, (in shares) at Dec. 31, 2015			291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	552	0			552
Other comprehensive income (loss)	(38)					(38)
Conversion of convertible debentures	$ 5			5
Conversion of convertible debentures, shares	0.5		1
Exercise of stock options and related tax effects	$ 4		$ 0	4
Exercise of stock options and related tax effects, shares			0
Issuance of preferred stock	394	394
Repurchases of common stock	(452)	0		(452)
Repurchases of common stock, shares			(19)
Issuance of restricted stock, net of forfeitures and retirements to pay taxes	(22)		$ 0	(22)
Issuance of restricted stock, net of forfeitures and retirements to pay taxes, shares			1
Share-based compensation	30			30
Balance, at Dec. 31, 2016	$ 6,272	$ 394	$ 3	$ 6,921	$ (909)	$ (137)
Balance, (in shares) at Dec. 31, 2016			274

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 552	$ 268	$ 293
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (benefit) for loan losses	(149)	(40)	36
Depreciation and amortization (including discount amortization and accretion)	239	325	331
(Gains) losses on securities and other, net	(42)	324	(39)
Losses on early extinguishment of debt, net	0	37	6
Share-based compensation	30	34	24
Deferred tax expense (benefit)	275	(176)	155
Other	(5)	1	1
Net effect of changes in assets and liabilities:
(Increase) decrease in cash required to be segregated under federal or other regulations	(403)	(502)	511
(Increase) decrease in receivables from brokers, dealers and clearing organizations	(528)	364	(24)
Decrease (increase) in margin receivables	667	277	(1,322)
Decrease (increase) in other assets	2	(22)	(132)
(Decrease) increase in payables to brokers, dealers and clearing organizations	(593)	(123)	593
Increase in customer payables	1,615	89	145
Proceeds from sales and repayments of loans held-for-sale	0	0	11
(Decrease) increase in other liabilities	(35)	(24)	112
Net cash provided by operating activities	1,625	832	701
Cash flows from investing activities:
Purchases of available-for-sale securities	(6,705)	(6,150)	(1,564)
Proceeds from sales of available-for-sale securities	3,194	3,905	1,855
Proceeds from maturities of and principal payments on available-for-sale securities	1,540	1,667	1,468
Purchases of held-to-maturity securities	(4,389)	(2,614)	(3,209)
Proceeds from maturities of and principal payments on held-to-maturity securities	2,068	1,788	1,144
Proceeds from sale of loans	0	40	813
Decrease in loans receivable	1,176	1,337	1,273
Capital expenditures for property and equipment	(75)	(70)	(87)
Proceeds and cash transferred from sale of G1 Execution Services, LLC	0	0	67
Proceeds from sale of real estate owned and repossessed assets	20	28	37
Acquisition of OptionsHouse, net of cash acquired	(723)	0	0
Net cash flow from derivative contracts	(109)	(2)	(15)
Other	(1)	73	(69)
Net cash (used in) provided by investing activities	(4,004)	2	1,713
Cash flows from financing activities:
Increase (decrease) in deposits	2,237	4,555	(1,081)
Net decrease in securities sold under agreements to repurchase	(82)	(3,590)	(871)
Advances from FHLB	0	960	730
Payments on advances from FHLB	0	(1,880)	(730)
Proceeds from issuance of senior notes	0	460	540
Payments on senior notes	0	(800)	(940)
Repurchases of trust preferred securities	0	(15)	0
Proceeds from issuance of preferred stock	400	0	0
Repurchases of common stock	(452)	(50)	0
Net cash flow from derivatives hedging liabilities	0	(16)	(170)
Other	(7)	(8)	53
Net cash provided by (used in) financing activities	2,096	(384)	(2,469)
(Decrease) increase in cash and equivalents	(283)	450	(55)
Cash and equivalents, beginning of period	2,233	1,783	1,838
Cash and equivalents, end of period	1,950	2,233	1,783
Supplemental disclosures:
Cash paid for interest	77	212	318
Cash paid for income taxes, net of refunds	6	8	0
Non-cash investing and financing activities:
Transfers of loans held-for-investment to loans held-for-sale	0	39	795
Transfers from loans to other real estate owned and repossessed assets	34	27	53
Transfers from other real estate owned and repossessed assets to loans	0	0	16
Conversion of convertible debentures to common stock	5	30	5
Transfer of available-for-sale securities to held-to-maturity securities	$ 492	$ 0	$ 0

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization —E*TRADE Financial Corporation is a financial services company that provides brokerage and related products and services primarily to individual retail investors under the brand "E*TRADE Financial." The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Company's most significant, wholly-owned subsidiaries are described below: • E*TRADE Securities is a registered broker-dealer and is the primary provider of brokerage products and services to the Company's customers. In addition it clears and settles securities transactions for its customers. • Aperture, LLC (dba OptionsHouse) is a registered broker-dealer focused on active traders through its derivatives platform. • E*TRADE Bank and its subsidiary E*TRADE Savings Bank are federally chartered savings banks which provide our customers with FDIC insurance on qualifying amounts of customer deposits and other banking and cash management capabilities. We utilize our bank structure to effectively monetize the value of brokerage deposits. • E*TRADE Financial Corporate Services is a provider of software and services for managing equity compensation plans to our corporate clients. Basis of Presentation —The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries as determined under the voting interest model. Entities in which the Company has the ability to exercise significant influence but in which the Company does not possess control are generally accounted for by the equity method. Entities in which the Company does not have the ability to exercise significant influence are generally carried at cost. Investments in marketable equity securities where the Company does not have the ability to exercise significant influence over the entities are accounted for as available-for-sale equity securities. The Company also evaluates its initial and continuing involvement with certain entities to determine if the Company is required to consolidate the entities under the variable interest entity (VIE) model. This evaluation is based on a qualitative assessment of whether the Company is the primary beneficiary of the VIE, which requires the Company to possess both: 1) the power to direct the activities that most significantly impact the economic performance of the VIE; and 2) the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The consolidated financial statements do not include any consolidated VIEs for all periods presented. The Company's consolidated financial statements are prepared in accordance with GAAP. Intercompany accounts and transactions are eliminated in consolidation. These consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. Beginning January 1, 2016, the Company changed its segment reporting structure to align with the manner in which the Chief Operating Decision Maker reviews business performance and makes resource allocation decisions. As the Chief Operating Decision Maker's business performance assessments and resource allocation decisions are based on consolidated operating margin, the Company no longer has separate operating segments and, accordingly, no longer presents disaggregated segment financial results. The Company also updated the presentation of its consolidated statement of income to reflect how business performance is measured and prior periods have been reclassified to conform to the current period presentation as follows: • Interest expense related to corporate debt and interest income related to corporate cash reclassified from other income (expense) to net interest income • Losses on early extinguishment of debt, net reclassified from other income (expense) to non-interest expense • Other income (expense) reclassified from other income (expense) to gains (losses) on securities and other, net Use of Estimates —Preparing the Company's consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related notes for the periods presented. Actual results could differ from management’s estimates. Certain significant accounting policies are critical because they are based on estimates and assumptions that require complex and subjective judgments by management. Changes in these estimates or assumptions could materially impact the Company’s financial condition and results of operations. Material estimates in which management believes changes could reasonably occur include: allowance for loan losses; valuation and impairment of goodwill and acquired intangible assets; and estimates of effective tax rates, deferred taxes and valuation allowance. Financial Statement Descriptions and Related Accounting Policies Cash and Equivalents —The Company considers all highly liquid investments with original or remaining maturities of three months or less at the time of purchase that are not required to be segregated under federal or other regulations to be cash and equivalents. Cash and equivalents included $1.1 billion and $1.6 billion at December 31, 2016 and 2015, respectively, of overnight cash deposits, a portion of which the Company is required to maintain with the Federal Reserve Bank. Cash Required to be Segregated Under Federal or Other Regulations —Certain cash balances that are required to be segregated for the exclusive benefit of the Company’s brokerage customers are included in the cash required to be segregated under federal or other regulations line item. Available-for-Sale Securities —Available-for-sale securities consist primarily of debt securities and also include equity securities. Securities classified as available-for-sale are carried at fair value, with the unrealized gains and losses, after applicable hedge accounting adjustments, reflected as a component of accumulated other comprehensive loss, net of tax. Realized and unrealized gains or losses on available-for-sale debt and equity securities are computed using the specific identification method. Interest earned on available-for-sale debt and equity securities is included in interest income. Amortization or accretion of premiums and discounts on available-for-sale debt securities is also recognized in interest income using the effective interest method over the contractual life of the security and is adjusted to reflect actual prepayments. Realized gains and losses on available-for-sale debt and equity securities, with the exception of other-than-temporary impairment (OTTI), are included in the gains (losses) on securities and other, net line item. Available-for-sale securities that have an unrealized loss (impaired securities) are evaluated for OTTI at each balance sheet date. Held-to-Maturity Securities —Held-to-maturity securities consist of debt securities, primarily residential mortgage-backed securities and agency debt securities. Held-to-maturity securities are carried at amortized cost based on the Company’s intent and ability to hold these securities to maturity. Interest earned on held-to-maturity debt securities is included in interest income. Amortization or accretion of premiums and discounts is also recognized in interest income using the effective interest method over the contractual life of the security and is adjusted to reflect actual prepayments. Held-to-maturity securities that have an unrecognized loss (impaired securities) are evaluated for OTTI at each balance sheet date. Receivables from and Payables to Brokers, Dealers and Clearing Organizations —Receivables from brokers, dealers and clearing organizations include deposits paid for securities borrowed, clearing deposits and net receivables arising from unsettled trades. Payables to brokers, dealers and clearing organizations include deposits received for securities loaned and net payables arising from unsettled trades. Deposits paid for securities borrowed and deposits received for securities loaned are recorded at the amount of cash collateral advanced or received. Deposits paid for securities borrowed transactions require the Company to deposit cash with the lender. With respect to deposits received for securities loaned, the Company receives collateral in the form of cash in an amount generally in excess of the market value of the securities loaned. Interest income and interest expense are recorded on an accrual basis. The Company monitors the market value of the securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded, as necessary. Margin Receivables —Margin receivables represent credit extended to customers to finance their purchases of securities by borrowing against securities the customers own. Securities owned by customers are held as collateral for amounts due on the margin receivables, the value of which is not reflected in the consolidated balance sheet. The Company is permitted to sell or re-pledge these securities held as collateral and to use the securities to enter into securities lending transactions, to collateralize borrowings or for delivery to counterparties to cover customer short positions. The fair value of securities that the Company received as collateral in connection with margin receivables and securities borrowing activities, where the Company is permitted to sell or re-pledge the securities, was approximately $9.8 billion and $10.1 billion at December 31, 2016 and 2015, respectively. Of this amount, $2.0 billion and $2.5 billion had been pledged or sold in connection with securities loans and deposits with clearing organizations at December 31, 2016 and 2015, respectively. Loans Receivable, Net —Loans receivable, net consists of real estate and consumer loans that management has the intent and ability to hold for the foreseeable future or until maturity, also known as loans held-for-investment. Loans held-for-investment are carried at amortized cost adjusted for unamortized premiums or discounts on purchased loans, deferred fees or costs on originated loans, net charge-offs, and the allowance for loan losses. Premiums or discounts on purchased loans and deferred fees or costs on originated loans are recognized in interest income using the effective interest method over the contractual life of the loans and are adjusted for actual prepayments. The Company’s classes of loans are one- to four-family, home equity and consumer loans. Impaired Loans —The Company considers a loan to be impaired when it meets the definition of a TDR. Impaired loans exclude smaller-balance homogeneous one- to four-family, home equity and consumer loans that have not been modified as TDRs and are collectively evaluated for impairment. TDRs —Loan modifications completed under the Company’s loss mitigation programs in which economic concessions were granted to borrowers experiencing financial difficulty are considered TDRs. TDRs also include loans that have been charged-off based on the estimated current value of the underlying property less estimated selling costs due to bankruptcy notification even if the loan has not been modified under the Company’s programs. Upon being classified as a TDR, such loan is categorized as an impaired loan and is considered impaired until maturity regardless of whether the borrower performs under the terms of the loan. The Company also processes minor modifications on a number of loans through traditional collections actions taken in the normal course of servicing delinquent accounts. Minor modifications resulting in an insignificant delay in the timing of payments are not considered economic concessions and therefore are not classified as TDRs. Impairment on loan modifications is measured on an individual loan level basis, generally using a discounted cash flow model. When certain characteristics of the modified loan cast substantial doubt on the borrower’s ability to repay the loan, the Company identifies the loan as collateral dependent and charges-off the amount of the modified loan balance in excess of the estimated current value of the underlying property less estimated selling costs. Collateral dependent TDRs are identified based on the terms of the modification, which includes assigning a higher level of risk to loans in which the LTV or CLTV is greater than 110% or 125% , respectively, a borrower’s credit score is less than 600 and certain types of modifications, such as interest-only payments. TDRs that are not identified as higher risk using this risk assessment process and for which impairment is measured using a discounted cash flow model, continue to be evaluated in the event that they become higher risk collateral dependent TDRs. TDRs, excluding loans in bankruptcy, are classified as nonperforming loans at the time of modification. Such TDRs return to accrual status after six consecutive payments are made in accordance with the modified terms. Accruing TDRs that subsequently become delinquent will immediately return to nonaccrual status. Bankruptcy loans are classified as nonperforming loans within 60 days of bankruptcy notification and remain on nonaccrual status regardless of the payment history. Nonperforming Loans —The Company classifies loans as nonperforming when they are no longer accruing interest, which includes loans that are 90 days and greater past due, TDRs that are on nonaccrual status for all classes of loans (including loans in bankruptcy) and certain junior liens that have a delinquent senior lien. Interest previously accrued, but not collected, is reversed against current income when a loan is placed on nonaccrual status. Interest payments received on nonperforming loans are recognized on a cash basis in interest income until it is doubtful that full payment will be collected, at which point payments are applied to principal. The recognition of deferred fees or costs on originated loans and premiums or discounts on purchased loans in interest income is discontinued for nonperforming loans. Nonperforming loans, excluding TDRs, loans in bankruptcy and certain junior liens that have a delinquent senior lien, return to accrual status when the loan becomes less than 90 days past due. Loans modified as TDRs return to accrual status after six consecutive payments have been made in accordance with the modified terms. All bankruptcy loans remain on nonaccrual status regardless of the payment history. Certain junior liens that have a delinquent senior lien remain on nonaccrual status until certain performance criteria are met. Allowance for Loan Losses —The allowance for loan losses is management’s estimate of probable losses inherent in the loan portfolio as of the balance sheet date. In determining the adequacy of the allowance, the Company performs ongoing evaluations of the loan portfolio and loss forecasting assumptions. The allowance for loan losses is typically equal to management’s forecast of loan losses in the 18 months following the balance sheet date as well as the forecasted losses, including economic concessions to borrowers, over the estimated remaining life of loans modified as TDRs. The quantitative allowance methodology also includes the identification of higher risk mortgage loans and the period of our forecasted loan losses captured within the general allowance includes the total probable loss over the remaining life of these loans. As of December 31, 2016, the allowance for loan losses was $221 million on $3.8 billion of total loans receivable designated as held-for-investment. For loans that are not TDRs, the Company established a general allowance and evaluated the adequacy of the allowance for loan losses by loan portfolio segment: one- to four-family, home equity and consumer. The estimate of the allowance for loan losses continues to be based on a variety of quantitative and qualitative factors, including: • The composition and quality of the portfolio • Delinquency levels and trends • Current and historical charge-off and loss experience • The Company's historical loss mitigation experience • The condition of the real estate market and geographic concentrations within the loan portfolio • The interest rate climate • The overall availability of housing credit • General economic conditions The general allowance for loan losses also included a qualitative component to account for a variety of factors that present additional uncertainty that may not be fully considered in the quantitative loss model but are factors the Company believes may impact the level of credit losses. The Company utilizes a qualitative factor framework whereby, on a quarterly basis, management assesses the risk associated with three primary sets of factors: external factors, internal factors, and portfolio specific factors. The uncertainty related to these factors may expand over time, temporarily increasing the qualitative component in advance of the more precise identification of these probable losses being captured within the quantitative component of the general allowance. The total qualitative component was $6 million and $13 million as of December 31, 2016 and 2015, respectively. Property and Equipment, Net —Property and equipment are carried at cost and depreciated on a straight-line basis over their estimated useful lives, generally three to seven years . Leasehold improvements are depreciated over the lesser of their estimated useful lives or lease terms. An impairment loss is recognized if the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The costs of internally developed software that qualify for capitalization are included in the property and equipment, net line item. For qualifying internal-use software costs, capitalization begins when the conceptual formulation, design and testing of possible software project alternatives are complete and management authorizes and commits to funding the project. The Company does not capitalize pilot projects and projects where it believes that future economic benefits are less than probable. Technology development costs incurred in the development and enhancement of software used in connection with services provided by the Company that do not otherwise qualify for capitalization treatment are expensed as incurred. Completed projects are carried at cost and are amortized on a straight-line basis over their estimated useful lives of four years . Goodwill and Other Intangibles, Net —Goodwill is acquired through business combinations and represents the excess of the purchase price over the fair value of net tangible assets and identifiable intangible assets. The Company evaluates goodwill for impairment on an annual basis as of November 30 and in interim periods when events or changes indicate the carrying value may not be recoverable. The Company has the option of performing a qualitative assessment of goodwill to determine whether it is more likely than not that the fair value of its equity is less than the carrying value. If it is more likely than not that the fair value exceeds the carrying value, then no further testing is necessary; otherwise, the Company must perform a two-step quantitative assessment of goodwill. The Company may elect to bypass the qualitative assessment and proceed directly to performing a two-step quantitative assessment. The Company currently does not have any intangible assets with indefinite lives other than goodwill. The Company evaluates intangible assets with finite lives for impairment on an annual basis or when events or changes indicate the carrying value may not be recoverable. The Company also evaluates the remaining useful lives of intangible assets with finite lives each reporting period to determine whether events and circumstances warrant a revision to the remaining period of amortization. For additional information on goodwill and other intangibles, net, see Note 11—Goodwill and Other Intangibles, Net . Real Estate Owned and Repossessed Assets —Real estate owned and repossessed assets are included in the other assets line item in the consolidated balance sheet. Real estate owned represents real estate acquired through foreclosure and also includes those properties acquired through a deed in lieu of foreclosure or similar legal agreement. Both real estate owned and repossessed assets are carried at the lower of carrying value or fair value, less estimated selling costs. Equity Method, Cost Method and Other Investments —The Company’s equity method, cost method and other investments are generally limited liability investments in partnerships, companies and other similar entities, including tax credit partnerships and community development entities, that are not required to be consolidated. These investments are reported in the other assets line item in the consolidated balance sheet. Under the equity method, the Company recognizes its share of the investee’s net income or loss in the gains (losses) on securities and other, net line item in the consolidated statement of income. The Company’s other investments include those accounted for using the proportional amortization method, whereby the initial cost of the investment is amortized in proportion to the tax credits and other tax benefits received and the net investment performance is recognized in the consolidated statement of income as a component of income tax expense. The Company recognizes a liability for all legally binding unfunded equity commitments to the investees in the other liabilities line item in the consolidated balance sheet. The Company evaluates its equity and cost method investments for impairment when events or changes indicate the carrying value may not be recoverable. If the impairment is determined to be other-than-temporary, the Company will recognize an impairment loss in the gains (losses) on securities and other, net line item equal to the difference between the expected realizable value and the carrying value of the investment. The Company is a member of, and owns capital stock in, the FHLB system. The FHLB provides the Company with reserve credit capacity and authorizes advances based on the security of pledged home mortgages and other assets (principally securities that are obligations of, or guaranteed by, the U.S. Government) provided the Company meets certain creditworthiness standards. As a condition of its membership in the FHLB, the Company is required to maintain a FHLB stock investment which was $15 million at December 31, 2016 and December 31, 2015. The Company accounts for its investment in FHLB stock as a cost method investment. FHLB advances, included in the other borrowings line item, are a wholesale funding source of E*TRADE Bank. Income Taxes —Deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax purposes. Deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect. Valuation allowances for deferred tax assets are established if it is determined, based on evaluation of available evidence at the time the determination is made, that it is more likely than not that some or all of the deferred tax assets will not be realized. Income tax expense (benefit) includes (1) deferred tax expense (benefit), which generally represents the net change in the deferred tax asset or liability balance during the year plus any change in valuation allowances, and (2) current tax expense (benefit), which represents the amount of tax currently payable to or receivable from a taxing authority. Uncertain tax positions are only recognized to the extent it is more likely than not that the uncertain tax position will be sustained upon examination. For uncertain tax positions, a tax benefit is recognized for cases in which it is more than fifty percent likely of being sustained on ultimate settlement. For additional information on income taxes, see Note 16—Income Taxes . Customer Payables —Customer payables represent credit balances in customer accounts arising from deposits of funds and sales of securities and other funds pending completion of securities transactions. Customer payables primarily represent customer cash contained within the Company’s broker-dealer subsidiaries. The Company pays interest on certain customer payables balances. Other Borrowings —Other borrowings includes securities sold under agreements to repurchase, FHLB advances, borrowings from lines of credit and TRUPs. Securities sold under agreements to repurchase the same or similar securities, also known as repurchase agreements, are collateralized by fixed- and variable-rate mortgage-backed securities or investment grade securities. Repurchase agreements are treated as secured borrowings for financial statement purposes and the obligations to repurchase securities sold are therefore reflected as liabilities in the consolidated balance sheet. Comprehensive Income —The Company’s comprehensive income is composed of net income, the noncredit portion of OTTI on debt securities, unrealized gains (losses) on available-for-sale securities, the effective portion of the unrealized gains (losses) on derivatives in cash flow hedge relationships and foreign currency translation gains (losses), net of reclassification adjustments and related tax. Derivative Instruments and Hedging Activities —The Company enters into derivative transactions primarily to protect against interest rate risk on the value of certain assets, liabilities and future cash flows. Each derivative instrument is recorded on the consolidated balance sheet at fair value as a freestanding asset or liability. For financial statement purposes, the Company’s policy is to not offset fair value amounts recognized for derivative instruments and fair value amounts related to collateral arrangements under master netting arrangements. Accounting for derivatives differs significantly depending on whether a derivative is designated as a hedge based on the applicable accounting guidance and, if designated as a hedge, the type of hedge designation. Derivative instruments designated in hedging relationships that mitigate the exposure to the variability in expected future cash flows or other forecasted transactions are considered cash flow hedges. Derivative instruments in hedging relationships that mitigate exposure to changes in the fair value of assets or liabilities are considered fair value hedges. In order to qualify for hedge accounting, the Company formally documents at inception all relationships between hedging instruments and hedged items and the risk management objective and strategy for each hedge transaction. Cash flow and fair value hedge ineffectiveness is measured on a quarterly basis and is included in the gains (losses) on securities and other, net line item in the consolidated statement of income. Cash flows from derivative instruments in hedging relationships are classified in the same category on the consolidated statement of cash flows as the cash flows from the items being hedged. The Company also recognizes certain contracts and commitments as derivatives when the characteristics of those contracts and commitments meet the definition of a derivative. Gains and losses on derivatives that are not held as accounting hedges are recognized in the gains (losses) on securities and other, net line item in the consolidated statement of income. For additional information on derivative instruments and hedging activities, see Note 9—Derivative Instruments and Hedging Activities . Fair Value —Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company determines the fair value for its financial instruments and for nonfinancial assets and nonfinancial liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis. In addition, the Company determines the fair value for nonfinancial assets and nonfinancial liabilities on a nonrecurring basis as required during impairment testing or by other accounting guidance. For additional information on fair value, see Note 5—Fair Value Disclosures . Interest Income —Interest income is recognized as earned through holding interest-earning assets, such as loans, available-for-sale securities, held-to-maturity securities, margin receivables, cash and equivalents, segregated cash, and from securities lending activities. Interest income also includes the impact of the Company’s derivative transactions related to interest-earning assets. Interest Expense —Interest expense is recognized as incurred through holding interest-bearing liabilities, such as deposits, customer payables, securities sold under agreements to repurchase, FHLB advances, corporate debt and from securities lending activities. Interest expense also includes the impact of the Company’s derivative transactions related to interest-bearing liabilities. Commissions —Commissions are derived from the Company’s customers and are impacted by both trade type and trade mix. Commissions from securities transactions are recognized on a trade-date basis. Fees and Service Charges —Fees and service charges consist of order flow revenue, mutual fund service fees, advisor management fees, foreign exchange revenue, reorganization fees and other fees and service charges. Fees and service charges also includes revenue earned on customer cash held by third parties. Principal Transactions —Principal transactions consisted of revenue from market making activities. The Company completed the sale of its market making business on February 10, 2014 and therefore no longer records revenue from principal transactions. The sale of the market making business resulted in a gain of $4 million which was recorded in the restructuring and acquisition-related activities line item on the consolidated statement of income. Gains (Losses) on Securities and Other, Net —Gains (losses) on securities and other, net includes the reclassification of deferred losses on cash flow hedges; gains or losses resulting from the sale of available-for-sale securities; gains or losses resulting from sales of loans; hedge ineffectiveness; and gains or losses on derivative instruments that are not accounted for as hedging instruments. Gains or losses resulting from the sale of available-for-sale securities are recognized at the trade-date, based on the difference between the anticipated proceeds and the amortized cost of the specific securities sold. OTTI —The Company considers OTTI for an available-for-sale or held-to-maturity debt security to have occurred if one of the following conditions are met: the Company intends to sell the impaired debt security; it is more likely than not that the Company will be required to sell the impaired debt security before recovery of the security’s amortized cost basis; or the Company does not expect to recover the entire amortized cost basis of the security. The Company’s evaluation of whether it intends to sell an impaired debt security considers whether management has decided to sell the security as of the balance sheet date. The Company’s evaluation of whether it is more likely than not that the Company will be required to sell an impaired debt security before recovery of the security’s amortized cost basis considers the likelihood of sales that involve legal, regulatory or operational requirements. For impaired debt securities that the Company does not intend to sell and it is not more likely than not that the Company will be required to sell before recovery of the security’s amortized cost basis, the Company uses both qualitative and quantitative valuation measures to evaluate whether the Company expects to recover the entire amortized cost basis of the security. The Company considers all available information relevant to the collectability of the security, including credit enhancements, security structure, vintage, credit ratings and other relevant collateral characteristics. If the Company intends to sell an impaired debt security or if it is more likely than not that the Company will be required to sell the impaired debt security before recovery of the security’s amortized cost basis, the Company will recognize OTTI in earnings equal to the e

Business Acquisition

Business Acquisition	12 Months Ended
	Dec. 31, 2016
Business Acquisition [Abstract]
BUSINESS ACQUISITION	BUSINESS ACQUISITION OptionsHouse Acquisition On September 12, 2016, the Company completed its acquisition of all of the outstanding equity of Aperture New Holdings, Inc., the ultimate parent company of OptionsHouse, from Aperture Holdings, L.P. for $725 million . OptionsHouse is an online brokerage firm focused on serving active traders through its derivatives platform. We expect that the acquisition will enhance E*TRADE's derivatives capabilities and offerings to current customers while providing the benefit of an expanded breadth of offerings, including 24 hour customer service, long-term investing tools, and mobile experience, to current OptionsHouse customers. The results of OptionsHouse's operations have been included in the Company's consolidated statement of income for the year ended December 31, 2016 from the date of the acquisition. OptionsHouse's net revenue from September 12, 2016 through December 31, 2016 was $31 million . Supplemental pro forma financial information related to the acquisition is not included because the impact on the Company's consolidated statement of income is not material. The following table summarizes the allocation of the purchase price to the net assets of OptionsHouse as of September 12, 2016 (dollars in millions): September 12, 2016 Purchase price $ 725 Purchased cash adjustment 26 Working capital adjustment (2 ) Total cash consideration paid $ 749 Fair value of net assets acquired $ 171 Goodwill $ 578 The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (dollars in millions): September 12, 2016 Assets Cash and equivalents $ 26 Identifiable intangible assets 169 Property and equipment 6 Other assets 12 Total assets acquired $ 213 Liabilities Deferred tax liabilities, net $ 31 Accrued expenses and other liabilities 11 Total liabilities assumed $ 42 Net assets acquired $ 171 The goodwill of $578 million primarily includes the synergies expected to result from combining operations with OptionsHouse and coupling its derivatives platform with the Company's existing product offerings. Approximately $122 million of this goodwill is deductible for tax purposes. The Company recorded intangible assets of $169 million , which are subject to amortization over their estimated useful lives. Approximately $63 million of the intangible assets is deductible for tax purposes. The fair value of the intangible assets was determined under the income approach. The following table summarizes the estimated fair value and estimated useful lives of the intangible assets (dollars in millions): Estimated Fair Value Estimated Useful Life (In Years) Customer relationships $ 118 14 Technology 48 7 Trade name 3 2 Total intangible assets $ 169

Restructuring and Acquisition-R

Restructuring and Acquisition-Related Activities	12 Months Ended
	Dec. 31, 2016
Restructuring and Acquisition-Related Activities [Abstract]
Restructuring and Related Activities Disclosure	RESTRUCTURING AND ACQUISITION-RELATED ACTIVITIES The following table shows the components of restructuring and acquisition-related activities expense (dollars in millions): Year Ended December 31, 2016 2015 2014 Restructuring activities $ 28 $ 17 $ 8 Acquisition-related costs 7 — — Total restructuring and acquisition-related activities $ 35 $ 17 $ 8 The Company incurred $7 million of acquisition-related costs in connection with its purchase of OptionsHouse, which was completed on September 12, 2016. Restructuring activities during the year ended December 31, 2016 includes approximately $28 million of costs, primarily related to employee severance from the realignment of the Company's core brokerage business and organizational structure. The liability for restructuring activities at December 31, 2016 was $3 million . Restructuring activities during the year ended December 31, 2015 includes costs related to department and business reorganizations, such as the shutdown of certain of the Company's international operations, and approximately $6 million of executive severance for a position that was eliminated during the year. Restructuring activities during the year ended December 31, 2014 included a $4 million gain on the sale of the market making business, which was completed in February 2014.

Interest Income and Interest Ex

Interest Income and Interest Expense	12 Months Ended
	Dec. 31, 2016
Interest Income and Interest Expense Disclosure [Abstract]
INTEREST INCOME AND INTEREST EXPENSE	INTEREST INCOME AND INTEREST EXPENSE The following table shows the components of interest income and interest expense (dollars in millions): Year Ended December 31, 2016 2015 2014 Interest income: Cash and equivalents $ 7 $ 3 $ 2 Cash required to be segregated under federal or other regulation 6 1 1 Available-for-sale securities 266 244 288 Held-to-maturity securities 425 346 328 Margin receivables 249 276 264 Loans 191 230 297 Broker-related receivables and other 1 3 3 Subtotal interest income 1,145 1,103 1,183 Other interest revenue (1) 88 112 96 Total interest income (2) 1,233 1,215 1,279 Interest expense: Deposits (3 ) (4 ) (8 ) Customer payables (5 ) (5 ) (8 ) Other borrowings (3) (18 ) (117 ) (188 ) Corporate debt (54 ) (59 ) (113 ) Subtotal interest expense (80 ) (185 ) (317 ) Other interest expense (4) (5 ) (9 ) (1 ) Total interest expense (5) (85 ) (194 ) (318 ) Net interest income (6) $ 1,148 $ 1,021 $ 961 (1) Represents interest income on securities loaned. (2) Interest income reflects $(35) million , $ (42) million , and $(31) million recognized on hedges that qualify for hedge accounting for the years ended December 31, 2016, 2015, and 2014, respectively. (3) In September 2015, the Company terminated $4.4 billion of legacy wholesale funding obligations. (4) Represents interest expense on securities borrowed. (5) Interest expense reflects none , $(74) million , and $(132) million recognized on hedges that qualify for hedge accounting for the years ended December 31, 2016, 2015, and 2014, respectively. (6) Beginning in 2016, interest expense related to corporate debt and interest income related to corporate cash are presented within net interest income. Prior periods have been reclassified to conform with current period presentation.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	FAIR VALUE DISCLOSURES Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company may use various valuation approaches, including market, income and/or cost approaches. The fair value hierarchy requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is a market-based measure considered from the perspective of a market participant. Accordingly, even when market assumptions are not readily available, the Company’s own assumptions reflect those that market participants would use in pricing the asset or liability at the measurement date. The fair value measurement accounting guidance describes the following three levels used to classify fair value measurements: • Level 1—unadjusted quoted prices in active markets for identical assets or liabilities that are accessible by the Company • Level 2—quoted prices for similar assets and liabilities in an active market, quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly • Level 3—unobservable inputs that are significant to the fair value of the assets or liabilities The availability of observable inputs can vary and in certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to a fair value measurement requires judgment and consideration of factors specific to the asset or liability. Recurring Fair Value Measurement Techniques Mortgage-backed Securities The Company’s mortgage-backed securities portfolio is comprised of agency mortgage-backed securities which are gu aranteed by U.S. government sponsored enterprises and federal agencies. The weighted average coupon rate for the available-for-sale mortgage-backed securities at December 31, 2016 was 2.84% . The fair value of agency mortgage-backed securities was determined using a market approach with quoted market prices, recent transactions and spread data for identical or similar instruments. Agency mortgage-backed securities were categorized in Level 2 of the fair value hierarchy. Other Debt Securities The Company's fair value level classification of U.S. Treasuries is based on the original maturity dates of the securities and whether the securities are the most recent issuances of a given maturity. U.S. Treasuries with original maturities less than one year are classified as Level 1. U.S. Treasuries with original maturities longer than one year are classified as Level 1 if they represent the most recent issuance of a given maturity; otherwise, these securities are classified as Level 2. The fair value measurements of agency debentures and agency debt securities were determined using market and income approaches along with the Company’s own trading activities for identical or similar instruments and were categorized in Level 2 of the fair value hierarchy. The valuation of corporate bonds is impacted by the credit worthiness of the corporate issuer. The Company did not have any corporate bonds at December 31, 2016 . All of the Company’s municipal bonds were rated investment grade at December 31, 2016 . These securities were valued using a market approach with pricing service valuations corroborated by recent market transactions for identical or similar bonds. Municipal bonds and corporate bonds were categorized in Level 2 of the fair value hierarchy. Publicly Traded Equity Securities The fair value measurements of the Company's publicly traded equity securities were classified as Level 1 of the fair value hierarchy as they were based on quoted market prices in active markets. Derivative Instruments Interest rate swap and option contracts were valued with an income approach using pricing models that are commonly used by the financial services industry. The market observable inputs used in the pricing models include the swap curve, the volatility surface, and prime or overnight indexed swap basis from a financial data provider. The Company does not consider these models to involve significant judgment on the part of management, and the Company corroborated the fair value measurements with counterparty valuations. The Company’s derivative instruments were categorized in Level 2 of the fair value hierarchy. The consideration of credit risk, the Company’s or the counterparty’s, did not result in an adjustment to the valuation of its derivative instruments in the periods presented. Nonrecurring Fair Value Measurement Techniques Certain other assets are recorded at fair value on a nonrecurring basis: 1) one- to four-family and home equity loans in which the amount of the loan balance in excess of the estimated current value of the underlying property less estimated selling costs has been charged-off; and 2) real estate owned that is carried at the lower of the property’s carrying value or fair value less estimated selling costs. The Company evaluates and reviews assets that have been subject to fair value measurement requirements on a quarterly basis in accordance with policies and procedures that were designed to be in compliance with guidance from the Company’s regulators. These policies and procedures govern the frequency of the review, the use of acceptable valuation methods, and the consideration of estimated selling costs. Loans Receivable Loans that have been delinquent for 180 days or that are in bankruptcy and certain TDR loan modifications are charged-off based on the estimated current value of the underlying property less estimated selling costs. Property valuations for these one- to four-family and home equity loans are based on the most recent "as is" property valuation data available, which may include appraisals, broker price opinions (BPOs), automated valuation models or updated values using home price indices. Subsequent to the recording of an initial fair value measurement, these loans continue to be measured at fair value on a nonrecurring basis, utilizing the estimated value of the underlying property less estimated selling costs. These property valuations are updated on a monthly, quarterly or semi-annual basis depending on the type of valuation initially used. If the value of the underlying property has declined, an additional charge-off is recorded. If the value of the underlying property has increased, previously charged-off amounts are not reversed. If the valuation data obtained is significantly different from the valuation previously received, the Company reviews additional property valuation data to corroborate or update the valuation. BPOs are a type of valuation input used to determine the estimated property values of our collateral dependent mortgage loans. In addition, when available, BPOs are used in various loss mitigation, default management and portfolio monitoring efforts, allowance for loan losses modeling and CLTV estimates. The Company validates BPOs through quality control measures, including comparison to tax records, comparable sale and listing data, prior BPO values and original appraisals. The Company does not adjust BPO values but will only utilize BPOs that pass validation. Real Estate Owned Property valuations for real estate owned are based on the lowest value of the most recent property valuation data available, which may include appraisals, listing prices or approved offer prices. Nonrecurring fair value measurements on one- to four-family and home equity loans and real estate owned were classified as Level 3 of the fair value hierarchy as the valuations included unobservable inputs that were significant to the fair value. The following table presents additional information about significant unobservable inputs used in the valuation of assets measured at fair value on a nonrecurring basis that were categorized in Level 3 of the fair value hierarchy at December 31, 2016 and 2015 : Unobservable Inputs Average Range December 31, 2016 Loans receivable: One- to four-family Appraised value $ 408,100 $50,000-$1,490,000 Home equity Appraised value $ 312,000 $6,000-$2,500,000 Real estate owned Appraised value $ 342,300 $21,500-$1,800,000 December 31, 2015 Loans receivable: One- to four-family Appraised value $ 422,900 $8,500-$1,900,000 Home equity Appraised value $ 274,100 $9,000-$1,300,000 Real estate owned Appraised value $ 330,700 $26,500-$1,250,000 Recurring and Nonrecurring Fair Value Measurements Assets and liabilities measured at fair value at December 31, 2016 and 2015 are summarized in the following tables (dollars in millions): Level 1 Level 2 Level 3 Total Fair Value December 31, 2016: Recurring fair value measurements: Assets Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ — $ 12,634 $ — $ 12,634 Agency debentures — 788 — 788 U.S. Treasuries — 407 — 407 Agency debt securities — 24 — 24 Municipal bonds — 32 — 32 Total debt securities — 13,885 — 13,885 Publicly traded equity securities 7 — — 7 Total available-for-sale securities 7 13,885 — 13,892 Other assets: Derivative assets (1) — 165 — 165 Total assets measured at fair value on a recurring basis (2) $ 7 $ 14,050 $ — $ 14,057 Liabilities Derivative liabilities (1) $ — $ 31 $ — $ 31 Total liabilities measured at fair value on a recurring basis (2) $ — $ 31 $ — $ 31 Nonrecurring fair value measurements: Loans receivable: One- to four-family $ — $ — $ 25 $ 25 Home equity — — 21 21 Total loans receivable — — 46 46 Real estate owned — — 35 35 Total assets measured at fair value on a nonrecurring basis (3) $ — $ — $ 81 $ 81 (1) All derivative assets and liabilities were interest rate contracts at December 31, 2016 . Information related to derivative instruments is detailed in Note 9—Derivative Instruments and Hedging Activities . (2) Assets and liabilities measured at fair value on a recurring basis represented 29% and less than 1% of the Company’s total assets and total liabilities, respectively, at December 31, 2016 . (3) Represents the fair value of assets prior to deducting estimated selling costs that were carried on the consolidated balance sheet at December 31, 2016 , and for which a fair value measurement was recorded during the period. Level 1 Level 2 Level 3 Total Fair Value December 31, 2015: Recurring fair value measurements: Assets Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ — $ 11,763 $ — $ 11,763 Agency debentures — 557 — 557 U.S. Treasuries — 143 — 143 Agency debt securities — 55 — 55 Municipal bonds — 35 — 35 Corporate bonds — 4 — 4 Total debt securities — 12,557 — 12,557 Publicly traded equity securities 32 — — 32 Total available-for-sale securities 32 12,557 — 12,589 Other assets: Derivative assets (1) — 10 — 10 Total assets measured at fair value on a recurring basis (2) $ 32 $ 12,567 $ — $ 12,599 Liabilities Derivative liabilities (1) $ — $ 55 $ — $ 55 Total liabilities measured at fair value on a recurring basis (2) $ — $ 55 $ — $ 55 Nonrecurring fair value measurements: Loans receivable: One- to four-family $ — $ — $ 41 $ 41 Home equity — — 22 22 Total loans receivable — — 63 63 Real estate owned — — 26 26 Total assets measured at fair value on a nonrecurring basis (3) $ — $ — $ 89 $ 89 (1) All derivative assets and liabilities were interest rate contracts at December 31, 2015 . Information related to derivative instruments is detailed in Note 9—Derivative Instruments and Hedging Activities . (2) Assets and liabilities measured at fair value on a recurring basis represented 28% and less than 1% of the Company’s total assets and total liabilities, respectively, at December 31, 2015 . (3) Represents the fair value of assets prior to deducting estimated selling costs that were carried on the consolidated balance sheet at December 31, 2015 , and for which a fair value measurement was recorded during the period. The following table presents gains and losses recognized on assets measured at fair value on a nonrecurring basis during the years ended December 31, 2016 , 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 One- to four-family $ 4 $ 7 $ 10 Home equity 12 14 30 Total losses on loans receivable measured at fair value $ 16 $ 21 $ 40 Losses (gains) on real estate owned measured at fair value $ — $ — $ (2 ) Transfers Between Levels 1 and 2 For assets and liabilities measured at fair value on a recurring basis, the Company’s transfers between levels of the fair value hierarchy are deemed to have occurred at the beginning of the reporting period on a quarterly basis. The Company had no transfers between Level 1 and 2 during the years ended December 31, 2016 and 2015 . Recurring Fair Value Measurements Categorized within Level 3 For the periods presented, no assets or liabilities measured at fair value on a recurring basis were categorized within Level 3 of the fair value hierarchy. Fair Value of Financial Instruments Not Carried at Fair Value The following table summarizes the carrying values, fair values and fair value hierarchy level classification of financial instruments that are not carried at fair value on the consolidated balance sheet at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 Carrying Value Level 1 Level 2 Level 3 Total Fair Value Assets Cash and equivalents $ 1,950 $ 1,950 $ — $ — $ 1,950 Cash required to be segregated under federal or other regulations $ 1,460 $ 1,460 $ — $ — $ 1,460 Held-to-maturity securities: Agency mortgage-backed securities $ 12,868 $ — $ 12,839 $ — $ 12,839 Agency debentures 29 — 29 — 29 Agency debt securities 2,854 — 2,848 — 2,848 Total held-to-maturity securities $ 15,751 $ — $ 15,716 $ — $ 15,716 Margin receivables $ 6,731 $ — $ 6,731 $ — $ 6,731 Loans receivable, net: One- to four-family $ 1,918 $ — $ — $ 1,942 $ 1,942 Home equity 1,385 — — 1,311 1,311 Consumer 248 — — 249 249 Total loans receivable, net (1) $ 3,551 $ — $ — $ 3,502 $ 3,502 Receivables from brokers, dealers and clearing organizations $ 1,056 $ — $ 1,056 $ — $ 1,056 Liabilities Deposits $ 31,682 $ — $ 31,681 $ — $ 31,681 Customer payables $ 8,159 $ — $ 8,159 $ — $ 8,159 Payables to brokers, dealers and clearing organizations $ 983 $ — $ 983 $ — $ 983 Trust preferred securities $ 409 $ — $ — $ 288 $ 288 Corporate debt $ 994 $ — $ 1,050 $ — $ 1,050 (1) The carrying value of loans receivable, net includes the allowance for loan losses of $221 million and loans that are recorded at fair value on a nonrecurring basis at December 31, 2016 . December 31, 2015 Carrying Value Level 1 Level 2 Level 3 Total Fair Value Assets Cash and equivalents $ 2,233 $ 2,233 $ — $ — $ 2,233 Cash required to be segregated under federal or other regulations $ 1,057 $ 1,057 $ — $ — $ 1,057 Held-to-maturity securities: Agency mortgage-backed securities $ 10,353 $ — $ 10,444 $ — $ 10,444 Agency debentures 127 — 125 — 125 Agency debt securities 2,523 — 2,544 — 2,544 Other non-agency debt securities 10 — — 10 10 Total held-to-maturity securities $ 13,013 $ — $ 13,113 $ 10 $ 13,123 Margin receivables $ 7,398 $ — $ 7,398 $ — $ 7,398 Loans receivable, net: One- to four-family $ 2,465 $ — $ — $ 2,409 $ 2,409 Home equity 1,810 — — 1,660 1,660 Consumer 338 — — 343 343 Total loans receivable, net (1) $ 4,613 $ — $ — $ 4,412 $ 4,412 Receivables from brokers, dealers and clearing organizations $ 520 $ — $ 520 $ — $ 520 Liabilities Deposits $ 29,445 $ — $ 29,444 $ — $ 29,444 Customer Payables $ 6,544 $ — $ 6,544 $ — $ 6,544 Payables to brokers, dealers and clearing organizations $ 1,576 $ — $ 1,576 $ — $ 1,576 Other borrowings: Securities sold under agreements to repurchase $ 82 $ — $ 82 $ — $ 82 Trust preferred securities 409 — — 252 252 Total other borrowings $ 491 $ — $ 82 $ 252 $ 334 Corporate debt $ 997 $ — $ 1,055 $ — $ 1,055 (1) The carrying value of loans receivable, net includes the allowance for loan losses of $353 million and loans that are recorded at fair value on a nonrecurring basis at December 31, 2015 . The fair value measurement techniques for financial instruments not carried at fair value on the consolidated balance sheet at December 31, 2016 and 2015 are summarized as follows: Cash and equivalents, cash required to be segregated under federal or other regulations, margin receivables, receivables from brokers, dealers and clearing organizations, customer payables and payables to brokers, dealers and clearing organizations —Due to their short term nature, fair value is estimated to be carrying value. Held-to-maturity securities —The held-to-maturity securities portfolio included agency mortgage-backed securities, agency debentures, agency debt securities, and other non-agency debt securities. The fair value of agency mortgage-backed securities is determined consistently with the pricing of available-for-sale securities described above. Loans receivable, net —Fair value is estimated using a discounted cash flow model. Loans are differentiated based on their individual portfolio characteristics, such as product classification, loan category and pricing features. Assumptions for expected losses, prepayments, cash flows and discount rates are adjusted to reflect the individual characteristics of the loans, such as credit risk, coupon, lien position, and payment characteristics, as well as the secondary market conditions for these types of loans. Although the market for one- to four-family and home equity loan portfolios has improved, given the lack of observability of valuation inputs, these fair value measurements cannot be determined with precision and changes in the underlying assumptions used, including discount rates, could significantly affect the results of current or future fair value estimates. In addition, the amount that would be realized in a forced liquidation, an actual sale or immediate settlement could be lower than both the carrying value and the estimated fair value of the portfolio. Deposits —For certificates of deposit, fair value is estimated by discounting future cash flows using discount factors derived from current observable rates implied for other similar instruments with similar remaining maturities. For the remainder of deposits, fair value is the amount payable on demand at the reporting date. Securities sold under agreements to repurchase —Fair value for securities sold under agreements to repurchase was determined by discounting future cash flows using discount factors derived from current observable rates implied for other similar instruments with similar remaining maturities. Trust preferred securities —For subordinated debentures, fair value is estimated by discounting future cash flows at the yield implied by dealer pricing quotes. Corporate debt —For interest-bearing corporate debt, fair value is estimated using dealer pricing quotes. The fair value of the non-interest-bearing convertible debentures is directly correlated to the intrinsic value of the Company’s underlying stock; therefore, as the price of the Company’s stock increases relative to the conversion price, the fair value of the convertible debentures increases. Fair Value of Commitments and Contingencies In the normal course of business, the Company makes various commitments to extend credit and incur contingent liabilities that are not reflected in the consolidated balance sheet. Changes in the economy or interest rates may influence the impact that these commitments and contingencies have on the Company in the future. The Company does not estimate the fair value of those commitments. The Company has the right to cancel these commitments in certain circumstances and has closed a significant amount of customer HELOCs in the past nine years . Information related to such commitments and contingent liabilities is included in Note 21—Commitments, Contingencies and Other Regulatory Matters .

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2016
Offsetting Assets and Liabilities [Abstract]
Offsetting Assets and Liabilities [Text Block]	OFFSETTING ASSETS AND LIABILITIES For financial statement purposes, the Company does not offset derivative instruments, repurchase agreements, or securities borrowing and securities lending transactions. These activities are generally transacted under master agreements that are widely used by counterparties and that may allow for net settlements of payments in the normal course, as well as offsetting of all contracts with a given counterparty in the event of bankruptcy or default of one of the two parties to the transaction. The following table presents information about these transactions to enable the users of the Company’s financial statements to evaluate the potential effect of rights of set-off between these recognized assets and recognized liabilities at December 31, 2016 and 2015 (dollars in millions): Gross Amounts Not Offset in the Consolidated Balance Sheet Gross Amounts of Recognized Assets and Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts Presented in the Consolidated Balance Sheet (1) Financial Instruments Collateral Received or Pledged (Including Cash) Net Amount December 31, 2016 Assets: Deposits paid for securities borrowed (2) $ 774 $ — $ 774 $ (192 ) $ (560 ) $ 22 Total $ 774 $ — $ 774 $ (192 ) $ (560 ) $ 22 Liabilities: Deposits received for securities loaned (3) $ 926 $ — $ 926 $ (192 ) $ (661 ) $ 73 Derivative liabilities (4)(5) 6 — 6 — (6 ) — Total $ 932 $ — $ 932 $ (192 ) $ (667 ) $ 73 December 31, 2015 Assets: Deposits paid for securities borrowed (2) $ 120 $ — $ 120 $ (94 ) $ (18 ) $ 8 Total $ 120 $ — $ 120 $ (94 ) $ (18 ) $ 8 Liabilities: Deposits received for securities loaned (3) $ 1,535 $ — $ 1,535 $ (94 ) $ (1,314 ) $ 127 Repurchase agreements (5) 82 — 82 — (81 ) 1 Derivative liabilities (4)(5) 11 — 11 — (11 ) — Total $ 1,628 $ — $ 1,628 $ (94 ) $ (1,406 ) $ 128 (1) Net amount of deposits paid for securities borrowed are reflected in the receivables from brokers, dealers and clearing organizations line item in the consolidated balance sheet. Net amount of deposits received for securities loaned, repurchase agreements and derivative liabilities are reflected in the payables to brokers, dealers and clearing organizations, other borrowings and other liabilities line items in the consolidated balance sheet, respectively. (2) Included in the gross amounts of deposits paid for securities borrowed was $307 million and $34 million at December 31, 2016 and 2015, respectively, transacted through a program with a clearing organization, which guarantees the return of cash to the Company. For presentation purposes, these amounts presented are based on the counterparties under the Company’s master securities loan agreements. (3) Included in the gross amounts of deposits received for securities loaned was $546 million and $722 million at December 31, 2016 and 2015, respectively, transacted through a program with a clearing organization, which guarantees the return of securities to the Company. For presentation purposes, these amounts presented are based on the counterparties under the Company’s master securities loan agreements. (4) Excludes net accrued interest payable of $2 million and $3 million at December 31, 2016 and 2015, respectively. (5) The collateral pledged included held-to-maturity securities at amortized cost for December 31, 2016 and available-for-sale securities at fair value for December 31, 2015 . Derivative Transactions Certain types of derivatives that the Company utilizes in its hedging activities are subject to derivatives clearing agreements (cleared derivatives contracts) under the Dodd-Frank Act. These cleared derivatives contracts enable clearing by a derivatives clearing organization through a clearing member. Under the contracts, the clearing member typically has a one-way right to offset all contracts in the event of the Company’s default or bankruptcy. Collateral exchanged under these contracts is not included in the table above as the contracts may not qualify as master netting agreements. At December 31, 2016 and 2015, the Company had $165 million and $10 million , respectively, of cleared derivative contract assets. At December 31, 2016 and 2015, the Company had $25 million and $44 million , respectively, of cleared derivative contract liabilities. Securities Lending Transactions Deposits paid for securities borrowed and deposits received for securities loaned are recorded at the amount of cash collateral advanced or received. Securities borrowing transactions require the Company to deposit cash with the lender whereas securities lending transactions result in the Company receiving collateral in the form of cash, with both requiring cash in an amount generally in excess of the market value of the securities. These transactions have overnight or continuous remaining contractual maturities. Securities lending transactions expose the Company to counterparty credit risk and market risk. To manage the counterparty risk, the Company maintains internal standards for approving counterparties, reviews and analyzes the credit rating of each counterparty, and monitors its positions with each counterparty on an ongoing basis. In addition, for certain of the Company's securities lending transactions, the Company uses a program with a clearing organization that guarantees the return of securities. The Company monitors the market value of the securities borrowed and loaned using collateral arrangements that require additional collateral to be obtained from or excess collateral to be returned to the counterparties based on changes in market value, to maintain specified collateral levels.

Available-for-Sale and Held-to-

Available-for-Sale and Held-to-Maturity Securities	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
AVAILABLE-FOR-SALE AND HELD-TO-MATURITY SECURITIES	AVAILABLE-FOR-SALE AND HELD-TO-MATURITY SECURITIES The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31, 2016 and 2015 are shown in the following tables (dollars in millions): Amortized Cost Gross Unrealized / Unrecognized Gains Gross Unrealized / Unrecognized Losses Fair Value December 31, 2016: Available-for-sale securities: (1) Debt securities: Agency mortgage-backed securities $ 12,946 $ 24 $ (336 ) $ 12,634 Agency debentures 791 18 (21 ) 788 U.S. Treasuries 452 — (45 ) 407 Agency debt securities 25 — (1 ) 24 Municipal bonds 32 — — 32 Total debt securities 14,246 42 (403 ) 13,885 Publicly traded equity securities (2) 7 — — 7 Total available-for-sale securities $ 14,253 $ 42 $ (403 ) $ 13,892 Held-to-maturity securities: (1) Agency mortgage-backed securities $ 12,868 $ 123 $ (152 ) $ 12,839 Agency debentures 29 — — 29 Agency debt securities 2,854 26 (32 ) 2,848 Total held-to-maturity securities $ 15,751 $ 149 $ (184 ) $ 15,716 December 31, 2015: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 11,888 $ 41 $ (166 ) $ 11,763 Agency debentures 551 18 (12 ) 557 U.S. Treasuries 147 — (4 ) 143 Agency debt securities 55 — — 55 Municipal bonds 35 — — 35 Corporate bonds 5 — (1 ) 4 Total debt securities 12,681 59 (183 ) 12,557 Publicly traded equity securities (2) 33 — (1 ) 32 Total available-for-sale securities $ 12,714 $ 59 $ (184 ) $ 12,589 Held-to-maturity securities: Agency mortgage-backed securities $ 10,353 $ 149 $ (58 ) $ 10,444 Agency debentures 127 — (2 ) 125 Agency debt securities 2,523 34 (13 ) 2,544 Other non-agency debt securities 10 — — 10 Total held-to-maturity securities $ 13,013 $ 183 $ (73 ) $ 13,123 (1) Securities with a fair value of approximately $492 million were transferred from available-for-sale securities to held-to-maturity securities during the year ended December 31, 2016 pursuant to an evaluation of our investment strategy and an assessment by management about our intent and ability to hold those particular securities until maturity. See Note 17—Shareholders' Equity for information on the impact to accumulated other comprehensive income. (2) Consists of investments in a mutual fund related to the Community Reinvestment Act. Contractual Maturities The contractual maturities of all available-for-sale and held-to-maturity debt securities at December 31, 2016 are shown in the following table (dollars in millions): Amortized Cost Fair Value Available-for-sale debt securities: Due within one year $ — $ — Due within one to five years 11 11 Due within five to ten years 4,690 4,530 Due after ten years 9,545 9,344 Total available-for-sale debt securities $ 14,246 $ 13,885 Held-to-maturity debt securities: Due within one year $ — $ — Due within one to five years 1,430 1,468 Due within five to ten years 4,598 4,590 Due after ten years 9,723 9,658 Total held-to-maturity debt securities $ 15,751 $ 15,716 At December 31, 2016 , the Company pledged $6 million of available-for-sale debt securities and $0.5 billion of held-to-maturity debt securities as collateral. At December 31, 2015 , the Company pledged $17 million of available-for-sale debt securities and $0.7 billion of held-to-maturity debt securities as collateral for derivatives and other purposes. Investments with Unrealized or Unrecognized Losses The following tables show the fair value and unrealized or unrecognized losses on available-for-sale and held-to-maturity securities, aggregated by investment category, and the length of time that individual securities have been in a continuous unrealized or unrecognized loss position at December 31, 2016 and 2015 (dollars in millions): Less than 12 Months 12 Months or More Total Fair Value Unrealized / Unrecognized Losses Fair Value Unrealized / Unrecognized Losses Fair Value Unrealized / Unrecognized Losses December 31, 2016: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 9,281 $ (279 ) $ 1,620 $ (57 ) $ 10,901 $ (336 ) Agency debentures 454 (21 ) — — 454 (21 ) U.S. Treasuries 407 (45 ) — — 407 (45 ) Agency debt securities 24 (1 ) — — 24 (1 ) Municipal bonds 13 — — — 13 — Publicly traded equity securities 7 — — — 7 — Total temporarily impaired available-for-sale securities $ 10,186 $ (346 ) $ 1,620 $ (57 ) $ 11,806 $ (403 ) Held-to-maturity securities: Agency mortgage-backed securities $ 5,929 $ (123 ) $ 1,272 $ (29 ) $ 7,201 $ (152 ) Agency debentures 18 — — — 18 — Agency debt securities 1,739 (32 ) 18 — 1,757 (32 ) Total temporarily impaired held-to-maturity securities $ 7,686 $ (155 ) $ 1,290 $ (29 ) $ 8,976 $ (184 ) December 31, 2015: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 6,832 $ (88 ) $ 2,496 $ (78 ) $ 9,328 $ (166 ) Agency debentures 329 (12 ) 9 — 338 (12 ) U.S. Treasuries 143 (4 ) — — 143 (4 ) Agency debt securities 55 — — — 55 — Municipal bonds — — 15 — 15 — Corporate bonds — — 4 (1 ) 4 (1 ) Publicly traded equity securities 32 (1 ) — — 32 (1 ) Total temporarily impaired available-for-sale securities $ 7,391 $ (105 ) $ 2,524 $ (79 ) $ 9,915 $ (184 ) Held-to-maturity securities: Agency mortgage-backed securities $ 2,807 $ (25 ) $ 1,495 $ (33 ) $ 4,302 $ (58 ) Agency debentures 114 (2 ) — — 114 (2 ) Agency debt securities 1,006 (10 ) 134 (3 ) 1,140 (13 ) Total temporarily impaired held-to-maturity securities $ 3,927 $ (37 ) $ 1,629 $ (36 ) $ 5,556 $ (73 ) The Company does not believe that any individual unrealized loss in the available-for-sale portfolio or unrecognized loss in the held-to-maturity portfolio as of December 31, 2016 represents a credit loss. The Company does not intend to sell the debt securities in an unrealized or unrecognized loss position as of the balance sheet date and it is not more likely than not that the Company will be required to sell the debt securities before the anticipated recovery of its remaining amortized cost of the debt securities in an unrealized or unrecognized loss position at December 31, 2016 . There were no impairment losses recognized in earnings on available-for-sale or held-to-maturity securities during the years ended December 31, 2016, 2015 or 2014. The Company holds securities that have been written down to zero carrying value. The credit loss component of debt securities held by the Company that had a noncredit loss component previously recognized in other comprehensive income decreased to $136 million at December 31, 2016 from $152 million at both December 31, 2015 and 2014, as a result of the sale and pay off of our remaining impaired securities during 2016. Of these amounts, $136 million at December 31, 2016 and $123 million at both December 31, 2015 and 2014 relates to debt securities that have been factored to zero, but the Company still holds legal title to these securities until maturity or until they are sold . Gains (Losses) on Securities and Other, Net The following table shows the components of the gains (losses) on securities and other, net line items on the consolidated statement of income for the years ended December 31, 2016 , 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Reclassification of deferred losses on cash flow hedges $ — $ (370 ) $ — Gains on available-for-sale securities, net: Gains on available-for-sale securities 54 58 42 Losses on available-for-sale securities (1 ) (20 ) — Subtotal 53 38 42 Hedge ineffectiveness (6 ) (1 ) (10 ) Equity method investment income (loss) and other (5 ) 9 7 Gains (losses) on securities and other, net $ 42 $ (324 ) $ 39

Loans Receivable, Net

Loans Receivable, Net	12 Months Ended
	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]
LOANS RECEIVABLE, NET	LOANS RECEIVABLE, NET Loans receivable, net at December 31, 2016 and 2015 are summarized as follows (dollars in millions): December 31, 2016 2015 One- to four-family $ 1,950 $ 2,488 Home equity 1,556 2,114 Consumer 250 341 Total loans receivable 3,756 4,943 Unamortized premiums, net 16 23 Allowance for loan losses (221 ) (353 ) Total loans receivable, net $ 3,551 $ 4,613 At December 31, 2016 , the Company pledged $3.1 billion and $0.3 billion of loans as collateral to the FHLB and Federal Reserve Bank, respectively. At December 31, 2015 , the Company pledged $4.2 billion and $0.3 billion of loans as collateral to the FHLB and Federal Reserve Bank, respectively. The following table presents the total recorded investment in loans receivable and allowance for loan losses by loans that have been collectively evaluated for impairment and those that have been individually evaluated for impairment by loan class at December 31, 2016 and 2015 (dollars in millions): Recorded Investment Allowance for Loan Losses December 31, December 31, 2016 2015 2016 2015 Collectively evaluated for impairment: One- to four-family $ 1,717 $ 2,219 $ 38 $ 31 Home equity 1,361 1,915 120 255 Consumer 253 344 5 6 Total collectively evaluated for impairment 3,331 4,478 163 292 Individually evaluated for impairment: One- to four-family 246 286 7 9 Home equity 195 202 51 52 Total individually evaluated for impairment 441 488 58 61 Total $ 3,772 $ 4,966 $ 221 $ 353 Credit Quality and Concentrations of Credit Risk The Company tracks and reviews factors to predict and monitor credit risk in its mortgage loan portfolio on an ongoing basis. These factors include: loan type, estimated current LTV/CLTV ratios, delinquency history, borrowers’ current credit scores, housing prices, loan vintage and geographic location of the property. The Company believes LTV/CLTV ratios and credit scores are the key factors in determining future loan performance. The factors are updated on at least a quarterly basis. The Company tracks and reviews delinquency status to predict and monitor credit risk in the consumer loan portfolio on at least a quarterly basis. Credit Quality The following tables show the distribution of the Company’s mortgage loan portfolios by credit quality indicator at December 31, 2016 and 2015 (dollars in millions): One- to Four-Family Home Equity December 31, December 31, Current LTV/CLTV (1) 2016 2015 2016 2015 <=80% $ 1,308 $ 1,519 $ 686 $ 843 80%-100% 413 609 414 549 100%-120% 143 227 274 420 >120% 86 133 182 302 Total mortgage loans receivable $ 1,950 $ 2,488 $ 1,556 $ 2,114 Average estimated current LTV/CLTV (2) 73 % 77 % 87 % 90 % Average LTV/CLTV at loan origination (3) 71 % 71 % 81 % 81 % (1) Current CLTV calculations for home equity loans are based on the maximum available line for HELOCs and outstanding principal balance for home equity installment loans. For home equity loans in the second lien position, the original balance of the first lien loan at origination date and updated valuations on the property underlying the loan are used to calculate CLTV. Current property value estimates are updated on a quarterly basis. (2) The average estimated current LTV/CLTV ratio reflects the outstanding balance at the balance sheet date and the maximum available line for HELOCs, divided by the estimated current value of the underlying property. (3) Average LTV/CLTV at loan origination calculations are based on LTV/CLTV at time of purchase for one- to four-family purchased loans and home equity installment loans and maximum available line for HELOCs. One- to Four-Family Home Equity December 31, December 31, Current FICO (1) 2016 2015 2016 2015 >=720 $ 1,121 $ 1,423 $ 778 $ 1,069 719 - 700 179 246 156 222 699 - 680 153 198 141 183 679 - 660 121 150 117 152 659 - 620 154 198 149 203 <620 222 273 215 285 Total mortgage loans receivable $ 1,950 $ 2,488 $ 1,556 $ 2,114 (1) FICO scores are updated on a quarterly basis; however, there were approximately $28 million and $39 million of one- to four-family loans at December 31, 2016 and 2015, respectively, and $2 million and $3 million of home equity loans at December 31, 2016 and 2015, respectively, for which the updated FICO scores were not available. For these loans, the current FICO distribution included the most recent FICO scores where available, otherwise the original FICO score was used. Concentrations of Credit Risk One- to four-family loans include loans for a five to ten year interest-only period, followed by an amortizing period ranging from 20 to 25 years. At December 31, 2016 , 24% of the Company's one- to four-family portfolio was not yet amortizing. During the year ended December 31, 2016 , borrowers of approximately 14% of the portfolio made voluntary annual principal payments of at least $2,500 and of this population, nearly half made principal payments that were $10,000 or greater. The home equity loan portfolio is primarily second lien loans on residential real estate properties, which have a higher level of credit risk than first lien mortgage loans. Approximately 13% of the home equity portfolio was in the first lien position and the Company holds both the first and second lien positions in less than 1% of the home equity loan portfolio at December 31, 2016 . The home equity loan portfolio consists of approximately 18% of home equity installment loans and approximately 82% of HELOCs at December 31, 2016 . Home equity installment loans are primarily fixed rate and fixed term, fully amortizing loans that do not offer the option of an interest-only payment. The majority of HELOCs have an interest only draw period and convert to amortizing loans at the end of the draw period, which typically ranges from five to ten years. At December 31, 2016 , less than 1% of this portfolio will require the borrowers to repay the loan in full at the end of the draw period. At December 31, 2016 , 15% of the HELOC portfolio had not converted from the interest-only draw period to amortizing. During the year ended December 31, 2016 , borrowers of approximately 39% of the portfolio made annual principal payments of at least $500 on their HELOCs and slightly under half reduced their principal balance by at least $2,500 . The following table outlines when one- to four-family and HELOCs convert to amortizing by percentage of the one- to four-family portfolio and HELOC portfolios, respectively, at December 31, 2016 : Period of Conversion to Amortizing Loan % of One- to Four-Family Portfolio % of Home Equity Line of Credit Portfolio Already amortizing 76% 85% Year ending December 31, 2017 24% 14% Year ending December 31, 2018 or later —% 1% The average age of our mortgage loans receivable was 10.8 and 9.9 years at December 31, 2016 and 2015, respectively. Approximately 36% and 37% of the Company’s mortgage loans receivable were concentrated in California at December 31, 2016 and 2015, respectively. No other state had concentrations of mortgage loans that represented 10% or more of the Company’s mortgage loans receivable at December 31, 2016 and 2015. Delinquent Loans The following table shows total loans receivable by delinquency category at December 31, 2016 and 2015 (dollars in millions): Current 30-89 Days Delinquent 90-179 Days Delinquent 180+ Days Delinquent Total December 31, 2016 One- to four-family $ 1,774 $ 67 $ 23 $ 86 $ 1,950 Home equity 1,442 43 18 53 1,556 Consumer 245 4 1 — 250 Total loans receivable $ 3,461 $ 114 $ 42 $ 139 $ 3,756 December 31, 2015 One- to four-family $ 2,279 $ 72 $ 26 $ 111 $ 2,488 Home equity 1,978 52 31 53 2,114 Consumer 334 6 1 — 341 Total loans receivable $ 4,591 $ 130 $ 58 $ 164 $ 4,943 Loans delinquent 180 days and greater have been written down to their expected recovery value. Loans delinquent 90 to 179 days generally have not been written down to their expected recovery value (unless they are in process of bankruptcy or are modifications for which there is substantial doubt as to the borrower’s ability to repay the loan), but present a risk of future charge-off. Additional charge-offs on loans delinquent 180 days and greater are possible if home prices decline beyond current estimates. The Company monitors loans in which a borrower’s current credit history casts doubt on their ability to repay a loan. Loans are classified as special mention when they are between 30 and 89 days past due. The trend in special mention loan balances is generally indicative of the expected trend for charge-offs in future periods, as these loans have a greater propensity to migrate into nonaccrual status and ultimately charge-off. One- to four-family loans are generally secured in a first lien position by real estate assets, reducing the potential loss when compared to an unsecured loan. Home equity loans are generally secured by real estate assets; however, the majority of these loans are secured in a second lien position, which substantially increases the potential loss when compared to a first lien position. The loss severity of our second lien home equity loans was approximately 92% for a trailing twelve-month period as of December 31, 2016 . Nonperforming Loans The Company classifies loans as nonperforming when they are no longer accruing interest, which includes loans that are 90 days and greater past due, TDRs that are on nonaccrual status for all classes of loans (including loans in bankruptcy) and certain junior liens that have a delinquent senior lien. The following table shows the comparative data for nonperforming loans at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 2015 One- to four-family $ 215 $ 263 Home equity 136 154 Consumer 1 1 Total nonperforming loans receivable $ 352 $ 418 Real Estate Owned and Loans with Formal Foreclosure Proceedings in Process At December 31, 2016 and 2015, the Company held $35 million and $27 million , respectively, of real estate owned that were acquired through foreclosure or through a deed in lieu of foreclosure or similar legal agreement. The Company also held $112 million and $108 million of loans for which formal foreclosure proceedings were in process at December 31, 2016 and 2015, respectively. Allowance for Loan Losses The following table provides a roll forward by loan portfolio of the allowance for loan losses for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 40 $ 307 $ 6 $ 353 Provision (benefit) for loan losses (2 ) (148 ) 1 (149 ) Charge-offs (1 ) (17 ) (7 ) (25 ) Recoveries 8 29 5 42 Net (charge-offs) recoveries 7 12 (2 ) 17 Allowance for loan losses, end of period $ 45 $ 171 $ 5 $ 221 Year Ended December 31, 2015 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 27 $ 367 $ 10 $ 404 Provision (benefit) for loan losses 15 (55 ) — (40 ) Charge-offs (2 ) (31 ) (11 ) (44 ) Recoveries — 26 7 33 Net (charge-offs) recoveries (2 ) (5 ) (4 ) (11 ) Allowance for loan losses, end of period $ 40 $ 307 $ 6 $ 353 Year Ended December 31, 2014 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 102 $ 326 $ 25 $ 453 Provision (benefit) for loan losses (42 ) 82 (4 ) 36 Charge-offs (44 ) (65 ) (17 ) (126 ) Recoveries 11 24 6 41 Net (charge-offs) recoveries (33 ) (41 ) (11 ) (85 ) Allowance for loan losses, end of period $ 27 $ 367 $ 10 $ 404 Total loans receivable designated as held-for-investment decreased $1.1 billion during the year ended December 31, 2016 . The allowance for loan losses was $221 million , or 5.8% of total loans receivable, as of December 31, 2016 compared to $353 million , or 7.1% of total loans receivable, as of December 31, 2015 . The benefit for loan losses was $149 million for the year ended December 31, 2016 . The quantitative allowance methodology continues to include the identification of higher risk mortgage loans and the period of forecasted loan losses captured within the general allowance includes the total probable loss over the remaining life of these loans. The current period provision benefit of $149 million includes the impact of updated expectations based on the sustained outperformance of a substantial volume of HELOCs, which resulted in a $25 million decrease to the allowance as of December 31, 2016. The current year benefit also reflected recoveries in excess of prior expectations, including recoveries of previous charge-offs that were not included in our loss estimates, as well as payoffs on loans converting to amortizing. Impaired Loans—Troubled Debt Restructurings TDRs include two categories of loans: (1) loan modifications completed under the Company’s programs that involve granting an economic concession to a borrower experiencing financial difficulty, and (2) loans that have been charged off based on the estimated current value of the underlying property less estimated selling costs due to bankruptcy notification. Delinquency status is the primary measure the Company uses to evaluate the performance of loans modified as TDRs. As mentioned above, the Company classifies loans as nonperforming when they are no longer accruing interest, which includes loans that are 90 days and greater past due, TDRs that are on nonaccrual status for all classes of loans, including loans in bankruptcy, and certain junior liens that have a delinquent senior lien. The following table shows a summary of the Company’s recorded investment in TDRs that were on accrual and nonaccrual status, further disaggregated by delinquency status, in addition to the recorded investment in TDRs at December 31, 2016 and 2015 (dollars in millions): Nonaccrual TDRs Accrual TDRs (1) Current (2) 30-89 Days Delinquent 90-179 Days Delinquent 180+ Days Delinquent Total Recorded Investment in TDRs (3)(4) December 31, 2016 One- to four-family $ 97 $ 90 $ 16 $ 8 $ 35 $ 246 Home equity 119 41 10 4 21 195 Total $ 216 $ 131 $ 26 $ 12 $ 56 $ 441 December 31, 2015 One- to four-family $ 106 $ 106 $ 19 $ 8 $ 47 $ 286 Home equity 120 42 11 8 21 202 Total $ 226 $ 148 $ 30 $ 16 $ 68 $ 488 (1) Represents loans modified as TDRs that are current and have made six or more consecutive payments. (2) Represents loans modified as TDRs that are current but have not yet made six consecutive payments, bankruptcy loans and certain junior lien TDRs that have a delinquent senior lien. (3) The unpaid principal balance in one- to four-family TDRs was $243 million and $283 million at December 31, 2016 and 2015, respectively. For home equity loans, the recorded investment in TDRs represents the unpaid principal balance. (4) Total recorded investment in TDRs at December 31, 2016 consisted of $316 million of loans modified as TDRs and $125 million of loans that have been charged off due to bankruptcy notification. Total recorded investment in TDRs at December 31, 2015 consisted of $334 million of loans modified as TDRs and $154 million of loans that have been charged off due to bankruptcy notification. The following table shows the average recorded investment and interest income recognized both on a cash and accrual basis for the Company’s TDRs during the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Average Recorded Investment Interest Income Recognized December 31, December 31, 2016 2015 2014 2016 2015 2014 One- to four-family $ 269 $ 303 $ 576 $ 11 $ 9 $ 16 Home equity 204 213 227 17 17 18 Total $ 473 $ 516 $ 803 $ 28 $ 26 $ 34 Included in the allowance for loan losses was a specific valuation allowance of $58 million and $61 million that was established for TDRs at December 31, 2016 and 2015, respectively. The specific allowance for these individually impaired loans represents the forecasted losses over the estimated remaining life of the loans, including the economic concessions granted to the borrowers. The following table shows detailed information related to the Company’s TDRs at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 December 31, 2015 Recorded Investment in TDRs Specific Valuation Allowance Net Investment in TDRs Recorded Investment in TDRs Specific Valuation Allowance Net Investment in TDRs With a recorded allowance: One- to four-family $ 61 $ 7 $ 54 $ 72 $ 9 $ 63 Home equity $ 111 $ 51 $ 60 $ 111 $ 52 $ 59 Without a recorded allowance: (1) One- to four-family $ 185 $ — $ 185 $ 214 $ — $ 214 Home equity $ 84 $ — $ 84 $ 91 $ — $ 91 Total: One- to four-family $ 246 $ 7 $ 239 $ 286 $ 9 $ 277 Home equity $ 195 $ 51 $ 144 $ 202 $ 52 $ 150 (1) Represents loans where the discounted cash flow analysis or collateral value is equal to or exceeds the recorded investment in the loan. Troubled Debt Restructurings — Loan Modifications The Company has loan modification programs that focus on the mitigation of potential losses in the one- to four-family and home equity mortgage loan portfolio. The Company currently does not have an active loan modification program for consumer loans. The various types of economic concessions that may be granted in a loan modification typically consist of interest rate reductions, maturity date extensions, principal forgiveness or a combination of these concessions. The Company uses specialized servicers that focus on loan modifications and pursue trial modifications for loans that are more than 180 days delinquent. Trial modifications are classified immediately as TDRs and continue to be reported as delinquent until the successful completion of the trial period, which is typically 90 days . The loan then becomes a permanent modification reported as current but remains on nonaccrual status until six consecutive payments have been made. The following table shows loans modified as TDRs by delinquency category at December 31, 2016 and 2015 (dollars in millions): Modifications Current Modifications 30-89 Days Delinquent Modifications 90-179 Days Delinquent Modifications 180+ Days Delinquent Total Recorded Investment in Modifications (1) December 31, 2016 One- to four-family $ 127 $ 8 $ 4 $ 14 $ 153 Home equity 141 8 3 11 163 Total $ 268 $ 16 $ 7 $ 25 $ 316 December 31, 2015 One- to four-family $ 138 $ 11 $ 5 $ 16 $ 170 Home equity 139 8 6 11 164 Total $ 277 $ 19 $ 11 $ 27 $ 334 (1) Includes loans modified as TDRs that also had received a bankruptcy notification of $44 million and $42 million at December 31, 2016 and 2015, respectively. The following table shows loans modified as TDRs and the specific valuation allowance by loan portfolio as well as the percentage of total expected losses at December 31, 2016 and 2015 (dollars in millions): Recorded Investment in Modifications before Charge-offs Charge-offs Recorded Investment in Modifications Specific Valuation Allowance Net Investment in Modifications Specific Valuation Allowance as a % of Modifications Total Expected Losses December 31, 2016 One- to four-family $ 198 $ (45 ) $ 153 $ (7 ) $ 146 4 % 26 % Home equity 271 (108 ) 163 (51 ) 112 31 % 59 % Total $ 469 $ (153 ) $ 316 $ (58 ) $ 258 18 % 45 % December 31, 2015 One- to four-family $ 216 $ (46 ) $ 170 $ (9 ) $ 161 5 % 25 % Home equity 284 (120 ) 164 (52 ) 112 32 % 61 % Total $ 500 $ (166 ) $ 334 $ (61 ) $ 273 18 % 45 % The recorded investment in loans modified as TDRs includes the charge-offs related to certain loans that were written down to the estimated current value of the underlying property less estimated selling costs. These charge-offs were recorded on modified loans that were delinquent in excess of 180 days, in bankruptcy, or when certain characteristics of the loan, including CLTV, borrower’s credit and type of modification, cast substantial doubt on the borrower’s ability to repay the loan. The total expected loss on loans modified as TDRs includes both the previously recorded charge-offs and the specific valuation allowance. The vast majority of the Company’s loans modified as TDRs include an interest rate reduction in combination with another type of concession. The Company prioritizes the interest rate reduction modifications in combination with the other modification categories. Each class is mutually exclusive in that if a modification had an interest rate reduction with an extension and other modification, the modification would only be presented in the extension column in the table below. The following tables provide the number of loans and post-modification balances immediately after being modified by major class during the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 Interest Rate Reduction Number of Loans Principal Principal Deferred Re-age/ Extension/ Interest Capitalization Other with Other (1) Total One- to four-family 47 $ 1 $ — $ 8 $ 2 $ 7 $ 18 Home equity 518 — — 8 3 25 36 Total 565 $ 1 $ — $ 16 $ 5 $ 32 $ 54 Year Ended December 31, 2015 Interest Rate Reduction Number of Principal Principal Deferred Re-age/ Other with Other (1) Total One- to four-family 34 $ — $ 1 $ 9 $ — $ 3 $ 13 Home equity 367 — — 3 2 19 24 Total 401 $ — $ 1 $ 12 $ 2 $ 22 $ 37 Year Ended December 31, 2014 Interest Rate Reduction Number of Principal Principal Deferred Re-age/ Other with Other Total One- to four-family 64 $ 1 $ — $ 11 $ 2 $ 6 $ 20 Home equity 195 — — 4 2 9 15 Total 259 $ 1 $ — $ 15 $ 4 $ 15 $ 35 (1) Includes TDRs that resulted from a loan modification program being offered to a subset of borrowers with HELOCs whose original loan terms provided the borrowers the option to accelerate their date of conversion to amortizing loans. As certain terms of the Company's offer represented economic concessions, such as longer amortization periods than were in the original loan agreements, to certain borrowers experiencing financial difficulty, this program resulted in $15 million and $14 million of TDRs during the years ended December 31, 2016 and 2015, respectively. The Company considers modifications that become 30 days past due to have experienced a payment default. The following table shows the recorded investment in modifications that experienced a payment default within 12 months after the modification for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Number of Loans Recorded Investment Number of Loans Recorded Investment Number of Loans Recorded One- to four-family (1) 20 $ 6 7 $ 3 27 $ 9 Home equity (2)(3) 63 5 90 5 55 3 Total 83 $ 11 97 $ 8 82 $ 12 (1) For the years ended December 31, 2016, 2015, and 2014, $1 million , less than $1 million and $1 million , respectively, of the recorded investment in one- to four-family loans had a payment default in the trailing 12 months that was classified as current. (2) For the years ended December 31, 2016, 2015, and 2014, $2 million , $3 million and $1 million , respectively, of the recorded investment in home equity loans had a payment default in the trailing 12 months that was classified as current. (3) The majority of these home equity modifications during the year ended December 31, 2015 experienced servicer transfers during this same period.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company enters into derivative transactions primarily to protect against interest rate risk on the value of certain assets, liabilities and future cash flows. Each derivative instrument is recorded on the consolidated balance sheet at fair value as a freestanding asset or liability. The following table summarizes the fair value of derivatives as reported in the consolidated balance sheet at December 31, 2016 and 2015 (dollars in millions): Fair Value Notional Asset (1) Liability (2) Net (3) December 31, 2016 Interest rate contracts: Fair value hedges $ 3,862 $ 165 $ (31 ) $ 134 Total derivatives designated as hedging instruments (4) $ 3,862 $ 165 $ (31 ) $ 134 December 31, 2015 Interest rate contracts: Fair value hedges $ 2,204 $ 10 $ (55 ) $ (45 ) Total derivatives designated as hedging instruments (4) $ 2,204 $ 10 $ (55 ) $ (45 ) (1) Reflected in the other assets line item on the consolidated balance sheet. (2) Reflected in the other liabilities line item on the consolidated balance sheet. (3) Represents net fair value of derivative instruments for disclosure purposes only. (4) All derivatives were designated as hedging instruments at December 31, 2016 and 2015. Cash Flow Hedges The Company terminated $4.4 billion of legacy wholesale funding obligations during the third quarter of 2015 along with the cash flow hedges used to hedge the forecasted transactions related to these obligations. As the Company's intent changed and the hedged forecasted transactions became probable of not occurring, the Company reclassified $370 million of pre-tax losses on cash flow hedges from accumulated other comprehensive loss into earnings during the year ended December 31, 2015. See Note 14—Other Borrowings for additional information. Fair Value Hedges Fair value hedges are used to offset exposure to changes in value of certain fixed-rate assets and liabilities. Fair value hedges are accounted for by recording the fair value of the derivative instrument and the fair value of the asset or liability being hedged on the consolidated balance sheet. Changes in the fair value of both the derivative instruments and the underlying assets or liabilities are recognized in the gains (losses) on securities and other, net line item in the consolidated statement of income . To the extent that the hedge is ineffective, the changes in the fair values will not offset and the difference, or hedge ineffectiveness, is reflected in the gains (losses) on securities and other, net line item in the consolidated statement of income . Hedge accounting is discontinued for fair value hedges if a derivative instrument is sold, terminated or otherwise de-designated. If fair value hedge accounting is discontinued, the previously hedged item is no longer adjusted for changes in fair value through the consolidated statement of income and the cumulative net gain or loss on the hedged asset or liability at the time of de-designation is amortized to interest income or interest expense using the effective interest method over the expected remaining life of the hedged item. Changes in the fair value of the derivative instruments after de-designation of fair value hedge accounting are recorded in the gains (losses) on securities and other, net line item in the consolidated statement of income . The following table summarizes the effect of interest rate contracts designated as fair value hedges and related hedged items on the consolidated statement of income for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Agency debentures $ 28 $ (32 ) $ (4 ) $ (3 ) $ 3 $ — Agency mortgage-backed securities 42 (44 ) (2 ) (4 ) 3 (1 ) Total gains (losses) included in earnings $ 70 $ (76 ) $ (6 ) $ (7 ) $ 6 $ (1 ) Year Ended December 31, 2014 Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Agency debentures $ (100 ) $ 91 $ (9 ) Agency mortgage-backed securities (33 ) 32 (1 ) Total gains (losses) included in earnings $ (133 ) $ 123 $ (10 ) (1) Reflected in the gains (losses) on securities and other, net line item on the consolidated statement of income . Credit Risk Impact on Fair Value Measurements Credit risk is an element of the recurring fair value measurements for certain assets and liabilities, including derivative instruments. Credit risk is managed by limiting activity to approved counterparties and setting aggregate exposure limits for each approved counterparty. The Company also monitors collateral requirements on derivative instruments through credit support agreements, which reduce risk by permitting the netting of transactions with the same counterparty upon occurrence of certain events. The Company considered the impact of credit risk on the fair value measurement for derivative instruments, particularly those in net liability positions to counterparties, to be mitigated by the enforcement of credit support agreements, and the collateral requirements therein. The Company pledged approximately $20 million of its mortgage-backed securities as collateral related to its derivative contracts in net liability positions to counterparties at December 31, 2016 . The Company’s credit risk analysis for derivative instruments also considered the credit loss exposure on derivative instruments in net asset positions. During the year ended December 31, 2016 , the consideration of counterparty credit risk did not result in an adjustment to the valuation of the Company’s derivative instruments. Impact on Liquidity In the normal course of business, collateral requirements contained in the Company’s derivative contracts are enforced by the Company and its counterparties. Upon enforcement of the collateral requirements, the amount of collateral requested is typically based on the net fair value of all derivative instruments with the counterparty; that is derivative assets net of derivative liabilities at the counterparty level. If the Company were to be in violation of certain provisions of the derivative contracts, the counterparties to the derivative instruments could request payment or collateralization on the derivative instruments. The Company expects such requests would be based on the fair value of derivative assets net of derivative liabilities at the counterparty level. The fair value of derivative instruments in net liability positions at the counterparty level was $6 million at December 31, 2016 . The fair value of the Company’s mortgage-backed securities pledged as collateral related to derivative contracts in net liability positions to counterparties, was $20 million at December 31, 2016 , which exceeded derivative instruments in net liability positions at the counterparty level by $14 million .

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following assets at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 December 31, 2015 Gross Amount Accumulated Depreciation and Amortization Net Amount Gross Amount Accumulated Depreciation and Amortization Net Amount Software $ 449 $ (355 ) $ 94 $ 468 $ (388 ) $ 80 Leasehold improvements 119 (97 ) 22 116 (91 ) 25 Equipment 133 (92 ) 41 127 (84 ) 43 Buildings 72 (30 ) 42 72 (28 ) 44 Furniture and fixtures 19 (17 ) 2 22 (20 ) 2 Land 3 — 3 3 — 3 Construction in progress (1) 35 — 35 39 — 39 Total $ 830 $ (591 ) $ 239 $ 847 $ (611 ) $ 236 (1) Construction in progress includes software in the process of development of $22 million at both December 31, 2016 and 2015 . Depreciation and amortization expense related to property and equipment was $79 million , $81 million and $78 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Software includes capitalized internally developed software costs of $46 million , $42 million and $27 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Amortization of completed and in-service software was $36 million , $41 million and $47 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Sale-Leaseback Transaction During 2014, the Company executed a sale-leaseback transaction on its office located in Alpharetta, Georgia. This transaction has been treated as a financing as it did not qualify for leaseback accounting due to the presence of a sub-lease and various forms of continuing involvement in the lease. The Company recorded the net sales proceeds of approximately $56 million as a financing obligation in the other liabilities line item during 2014 and the related assets continue to be included in the property and equipment, net line item on the consolidated balance sheet. The obligation for future minimum lease payments and minimum sublease proceeds to be received under this lease is as follows (dollars in millions): Obligation for Minimum Lease Payments Minimum Sublease Proceeds Years ending December 31, 2017 $ 4 $ (3 ) 2018 5 (3 ) 2019 5 (3 ) 2020 5 (3 ) 2021 5 (3 ) Thereafter 14 (3 ) Total $ 38 $ (18 )

Goodwill and Other Intangibles,

Goodwill and Other Intangibles, Net	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES, NET	GOODWILL AND OTHER INTANGIBLES, NET Goodwill At December 31, 2016 and 2015 the Company had goodwill of $2.4 billion and $1.8 billion , respectively. The increase as of December 31, 2016 was the result of $578 million in goodwill recognized in connection with the OptionsHouse acquisition. See Note 2—Business Acquisition for additional information. Goodwill is evaluated for impairment on an annual basis as of November 30 and in interim periods when events or changes indicate the carrying value may not be recoverable. There were no impairments to the carrying value of the Company’s goodwill during the years ended December 31, 2016, 2015 and 2014. As a result of the changes that drove the update in the Company's segment reporting structure in 2016, the Company no longer has separate reporting units. For the year ended December 31, 2016, the Company elected to perform a qualitative analysis to determine whether it was more likely than not that the fair value of its equity was less than the carrying value. As a result of this assessment, the Company determined that it was not necessary to perform a quantitative impairment test and concluded that its goodwill was not impaired at December 31, 2016. For the year ended December 31, 2015, the Company elected to perform a quantitative analysis for the retail brokerage reporting unit, to which all of its $1.8 billion of goodwill was allocated, to determine whether the fair value was less than the carrying value. As a result of this assessment, the Company concluded that its goodwill was not impaired at December 31, 2015. At both December 31, 2016 and 2015, goodwill was net of accumulated impairment losses of $243 million . Other Intangibles, Net At December 31, 2016 and 2015, the Company had other intangible assets of $320 million and $174 million , respectively. The increase as of December 31, 2016 was the result of $169 million in other intangible assets recognized in connection with the OptionsHouse acquisition. See Note 2—Business Acquisition for additional information. The following table outlines the Company's other intangible assets with finite lives (dollars in millions): December 31, 2016 Weighted Average Weighted Average Remaining Useful Life (Years) Gross Amount Accumulated Amortization Net Amount Customer relationships 18 11 553 (281 ) 272 Technology 7 7 48 (2 ) 46 Trade name 2 2 3 (1 ) 2 Total $ 604 $ (284 ) $ 320 December 31, 2015 Weighted Average Weighted Average Remaining Useful Life (Years) Gross Amount Accumulated Amortization Net Amount Customer relationships 20 10 $ 435 $ (261 ) $ 174 Customer relationship intangibles are amortized on an accelerated basis, while technology and trade name intangibles are amortized on a straight-line basis. Assuming no future impairments of other intangibles or additional acquisitions or dispositions, the following table presents the Company's future annual amortization expense (dollars in millions): Years ending December 31, 2017 $ 36 2018 40 2019 39 2020 37 2021 35 Thereafter 133 Total future amortization expense $ 320

Receivables from and Payables t

Receivables from and Payables to Brokers, Dealers and Clearing Organizations	12 Months Ended
	Dec. 31, 2016
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block]	RECEIVABLES FROM AND PAYABLES TO BROKERS, DEALERS AND CLEARING ORGANIZATIONS Receivables from and payables to brokers, dealers and clearing organizations consist of the following (in millions): December 31, 2016 2015 Receivables: Securities borrowed $ 774 $ 120 Receivables from clearing organizations 231 341 Other 51 59 Total $ 1,056 $ 520 Payables: Securities loaned $ 926 $ 1,535 Payables to clearing organizations 7 8 Other 50 33 Total $ 983 $ 1,576

Deposits

Deposits	12 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
DEPOSITS	DEPOSITS Deposits are summarized as follows (dollars in millions): Amount Weighted-Average Rate December 31, December 31, 2016 2015 2016 2015 Sweep deposits $ 26,362 $ 24,018 0.01 % 0.01 % Savings deposits 3,185 3,357 0.01 % 0.01 % Other deposits (1) 2,135 2,070 0.03 % 0.03 % Total deposits (2) $ 31,682 $ 29,445 0.01 % 0.01 % (1) Includes checking deposits, money market and time deposits. (2) As of December 31, 2016 and 2015 , the Company had $177 million and $173 million in non-interest bearing deposits, respectively.

Other Borrowings

Other Borrowings	12 Months Ended
	Dec. 31, 2016
Other Borrowings Disclosure [Abstract]
OTHER BORROWINGS	OTHER BORROWINGS Other borrowings at December 31, 2016 and 2015 are summarized as follows (dollars in millions): December 31, 2016 2015 Trust preferred securities (1) $ 409 $ 409 Repurchase agreements (2) — 82 Total other borrowings $ 409 $ 491 (1) The Company's TRUPs begin maturing in 2031 . (2) The maximum amount at any month end for repurchase agreements was $3.8 billion for the year ended December 31, 2015 . The Company terminated $4.4 billion of legacy wholesale funding obligations during 2015. In connection with this termination, the Company recorded a pre-tax charge of $413 million in the consolidated statement of income , including $43 million in the losses on early extinguishment of debt, net line item, and $370 million in the gains (losses) on securities and other, net line item that was reclassified from accumulated other comprehensive loss attributable to cash flow hedges. Prior to 2008, ETB Holdings, Inc. (ETBH) raised capital through the formation of trusts, which sold TRUPs in the capital markets. The capital securities must be redeemed in whole at the due date, which is generally 30 years after issuance. Each trust issued Cumulative Preferred Securities, commonly referred to as TRUPs, at par with a liquidation amount of $1,000 per capital security. The trusts used the proceeds from the sale of issuances to purchase Junior Subordinated Debentures (subordinated debentures) issued by ETBH, which guarantees the trust obligations and contributed proceeds from the sale of its subordinated debentures to E*TRADE Bank in the form of a capital contribution. The most recent issuance of TRUPs occurred in 2007. During 2015, the Company redeemed approximately $19 million of TRUPs in advance of maturity and recorded a net gain on early extinguishment of debt of approximately $4 million . The face values of outstanding trusts at December 31, 2016 are shown below (dollars in millions): Trusts Face Value Maturity Date Annual Interest Rate ETBH Capital Trust I 20 2031 3.75% above 6-month LIBOR ETBH Capital Trust V, VI, VIII 51 2032 3.25%-3.65% above 3-month LIBOR ETBH Capital Trust VII, IX—XII 65 2033 3.00%-3.30% above 3-month LIBOR ETBH Capital Trust XIII—XVIII, XX 77 2034 2.45%-2.90% above 3-month LIBOR ETBH Capital Trust XIX, XXI, XXII 60 2035 2.20%-2.40% above 3-month LIBOR ETBH Capital Trust XXIII—XXIV 45 2036 2.10% above 3-month LIBOR ETBH Capital Trust XXV—XXX 96 2037 1.90%-2.00% above 3-month LIBOR Total $ 414 External Lines of Credit maintained at E*TRADE Securities E*TRADE Securities' external liquidity lines total approximately $1.1 billion as of December 31, 2016 and include the following: • A 364-day, $400 million senior unsecured committed revolving credit facility with a syndicate of banks that matures in June 2017 • Secured committed lines of credit with two unaffiliated banks, aggregating to $175 million with a maturity date of June 2017 • Unsecured uncommitted lines of credit with two unaffiliated banks aggregating to $100 million , of which $75 million is scheduled to mature in June 2017 and the remaining line has no maturity date • Secured uncommitted lines of credit with several unaffiliated banks aggregating to $375 million with no maturity date The revolving credit facility contains maintenance covenants related to E*TRADE Securities' minimum consolidated tangible net worth and regulatory net capital ratio. There were no outstanding balances for these lines at December 31, 2016 .

Corporate Debt

Corporate Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
CORPORATE DEBT	CORPORATE DEBT Corporate debt at December 31, 2016 and 2015 is outlined in the following table (dollars in millions): Face Value Discount Net December 31, 2016 Interest-bearing notes: 5 3 / 8 % Notes, due 2022 $ 540 $ (5 ) $ 535 4 5 / 8 % Notes, due 2023 460 (4 ) 456 Total interest-bearing notes 1,000 (9 ) 991 Non-interest-bearing debt: 0% Convertible debentures, due 2019 3 — 3 Total corporate debt $ 1,003 $ (9 ) $ 994 December 31, 2015 Interest-bearing notes: 5 3 / 8 % Notes, due 2022 $ 540 $ (6 ) $ 534 4 5 / 8 % Notes, due 2023 460 (5 ) 455 Total interest-bearing notes 1,000 (11 ) 989 Non-interest-bearing debt: 0% Convertible debentures, due 2019 8 — 8 Total corporate debt $ 1,008 $ (11 ) $ 997 5 3 / 8 % Notes In November 2014, the Company issued an aggregate principal amount of $540 million in 5 3 / 8 % Senior Notes, due November 2022. Interest is payable semi-annually and the notes may be called by the Company in whole or in part at any time (1) before November 15, 2017, at a redemption price equal to 100% of their principal amount plus the applicable "make-whole" premium, and (2) on or after November 15, 2017, at specified redemption prices, which decline over time. The Company used the net proceeds from the issuance of the 5 3 / 8 % Notes, along with approximately $460 million of existing corporate cash, to redeem all of its outstanding 6 3 / 4 % Notes and 6% Notes, including paying the associated redemption premiums of $54 million , accrued interest and related fees and expenses. The Company recorded $59 million in losses on early extinguishment of debt related to the redemption of the 6 3 / 4 % Notes and 6% Notes for the year ended December 31, 2014. 4 5 / 8 % Notes In March 2015, the Company issued an aggregate principal amount of $460 million in 4 5 / 8 % Senior Notes due September 2023. Interest is payable semi-annually and the notes may be called by the Company in whole or in part at any time (1) before March 15, 2018, at a redemption price equal to 100% of their principal amount plus the applicable "make-whole" premium, and (2) on or after March 15, 2018, specified redemption prices, which decline over time. The Company used the net proceeds from the issuance of the 4 5 / 8 % Notes, along with approximately $432 million of existing corporate cash to redeem all of the outstanding 6 3 / 8 % Notes including paying the associated redemption premiums of $68 million , accrued interest and related fees and expenses. This resulted in $73 million in losses on early extinguishment of debt for the year ended December 31, 2015. 0% Convertible Debentures In 2009, the Company issued an aggregate principal amount of $1.7 billion in Class A convertible debentures and $2 million in Class B convertible debentures (collectively convertible debentures or 0% Convertible debentures) of non-interest-bearing notes due August 2019, in exchange for $1.3 billion principal of the 12 1 / 2 % Springing Lien Notes and $0.4 billion principal of the 8% Senior Notes, due June 2011. The Class A convertible debentures are convertible into the Company’s common stock at a conversion rate of $10.34 per $1,000 principal amount of Class A convertible debentures and the Class B convertible debentures are convertible into the Company’s common stock at a conversion rate of $15.51 per $1,000 principal amount of Class B convertible debentures. The holders of the convertible debentures may convert all or any portion of the debentures at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date. During the years ended December 31, 2016 and 2015 , $5 million and $30 million of the Company’s convertible debentures were converted into 0.5 million and 2.9 million shares of common stock, respectively. At December 31, 2016 , a cumulative total of $1.7 billion of the Class A convertible debentures and $2 million of the Class B convertible debentures had been converted into 168.0 million shares and 0.1 million shares, respectively, of the Company’s common stock. Credit Facility In November 2014, the Company entered into a $200 million senior secured revolving credit facility and in February of 2015, entered into an amendment to increase commitments thereunder by $50 million . At December 31, 2016 , there was no outstanding balance under the revolving credit facility and available capacity for borrowings was $250 million . The credit facility expires in November 2017. The Company has the ability to borrow against the credit facility for working capital and general corporate purposes. The credit facility contains certain maintenance covenants, including the requirement for the parent company to maintain unrestricted cash of $100 million . In September 2015, the Company entered into an amendment to its senior secured revolving credit facility, which reduced or removed certain covenants and other restrictions on the Company pursuant to the terms of the amendment. Ranking and Subsidiary Guarantees All of the Company’s notes rank equal in right of payment with all of the Company’s existing and future unsubordinated indebtedness and rank senior in right of payment to all its existing and future subordinated indebtedness. However, the notes rank effectively junior to the Company's secured indebtedness to the extent of the collateral securing such indebtedness, including any debt drawn under the Company's $250 million senior secured revolving credit facility. In June 2011, certain of the Company’s subsidiaries issued guarantees on the 0% Convertible debentures. E*TRADE Bank and E*TRADE Securities, among others, did not issue such guarantees. Corporate Debt Covenants The Company’s corporate debt and credit facility described above have terms which include financial maintenance covenants. At December 31, 2016 , the Company was in compliance with all such maintenance covenants. Future Maturities of Corporate Debt Scheduled principal payments of corporate debt at December 31, 2016 were as follows (dollars in millions): Years ending December 31, 2017 $ — 2018 — 2019 3 2020 — 2021 — Thereafter 1,000 Total future principal payments of corporate debt 1,003 Unamortized discount (9 ) Total corporate debt $ 994

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The components of income tax expense (benefit) for the years ended December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Year Ended December 31, 2016 2015 2014 Current income tax expense (benefit): Federal $ — $ (5 ) $ — State 3 (5 ) 4 Foreign 2 5 — Total current 5 (5 ) 4 Deferred income tax expense (benefit): Federal 285 (145 ) 152 State (10 ) (31 ) 3 Foreign — — — Total deferred 275 (176 ) 155 Non-current income tax expense (1) 6 4 — Income tax expense (benefit) $ 286 $ (177 ) $ 159 (1) Non-current income tax expense primarily relates to amortization for investments in qualified affordable housing projects recognized under the proportional amortization method. The following table presents the components of income before income tax expense (benefit) for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Domestic $ 845 $ 84 $ 438 Foreign (7 ) 7 14 Income before income tax expense (benefit) $ 838 $ 91 $ 452 Unrecognized Tax Benefits The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2016, 2015, and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Unrecognized tax benefits, beginning of period $ 29 $ 330 $ 333 Additions based on tax positions related to prior years 1 5 12 Additions based on tax positions related to current year 4 2 — Reductions based on tax positions related to prior years (3 ) (304 ) (14 ) Settlements with taxing authorities (1 ) (3 ) — Statute of limitations lapses (2 ) (1 ) (1 ) Unrecognized tax benefits, end of period $ 28 $ 29 $ 330 The unrecognized tax benefits decreased $1 million to $28 million during the year ended December 31, 2016. At December 31, 2016, the Company had $18 million , net of federal benefits, of unrecognized tax benefits that, if recognized, would favorably impact the effective income tax rate in future periods. In 2015, the Company settled the IRS examination of its 2007, 2009 and 2010 federal tax returns. As a result, the Company released $303 million of reserves related to the uncertain tax positions in 2015. During 2009, the Company incurred a loss on the exchange of $1.7 billion interest-bearing corporate debt for non-interest-bearing convertible debentures. The uncertain tax positions were primarily related to whether certain components of that loss were considered deductible or non-deductible for tax purposes. The following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the Company operates: Jurisdiction Open Tax Years Hong Kong 2010-2016 United Kingdom 2014-2016 United States 2013-2016 Various states (1) 2008-2016 (1) Major state tax jurisdictions include California, Georgia, Illinois, New Jersey, New York and Virginia. It is reasonably possible that the Company's unrecognized tax benefits could be reduced by as much as $7 million within the next twelve months as a result of settlements of certain examinations or expiration of statutes of limitations. The Company recognizes interest and penalties, if any, related to income tax matters in income tax expense. The Company has total reserves for interest and penalties of $10 million and $13 million as of December 31, 2016 and 2015, respectively. Tax expense for the year ended December 31, 2016 included a $3 million net benefit related to the reduction of interest and penalties, which was primarily due to state settlements with tax authorities and the expiration of statutes of limitations. Deferred Taxes and Valuation Allowances Deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement and tax return purposes. The temporary differences and tax carryforwards that created deferred tax assets and deferred tax liabilities at December 31, 2016 and 2015 are summarized in the following table (dollars in millions): December 31, 2016 2015 Deferred tax assets: Net operating losses $ 676 $ 782 Reserves and allowances, net 335 482 Mark to market 160 158 Deferred compensation 43 44 Tax credits 55 44 Basis differences in investments 14 10 Other 26 28 Total deferred tax assets 1,309 1,548 Valuation allowance (35 ) (82 ) Total deferred tax assets, net of valuation allowance 1,274 1,466 Deferred tax liabilities: Depreciation and amortization (518 ) (433 ) Total deferred tax liabilities (518 ) (433 ) Net deferred tax assets, net $ 756 $ 1,033 The Company is required to establish a valuation allowance for deferred tax assets and record income tax expense if it is determined, based on evaluation of available evidence at the time the determination is made, that it is more likely than not that some or all of the deferred tax assets will not be realized. If the Company were to conclude that a valuation allowance was required, the resulting loss could have a material adverse effect on its financial condition and results of operations. At December 31, 2016, the Company had $1.5 billion of gross federal net operating losses, which will begin to expire in approximately 11 years. The decrease in the net operating losses deferred tax asset was primarily driven by current year earnings. At December 31, 2016, the Company had no valuation allowance against its federal deferred tax assets. The Company’s evaluation of the need for a valuation allowance focused on identifying significant, objective evidence that it will be able to realize its deferred tax assets in the future. The Company determined that its expectations regarding future earnings are objectively verifiable due to various factors. One factor is the consistent profitability of the Company’s core business, which has generated substantial income for each of the last 13 years, including through uncertain economic and regulatory environments. The core business is driven by brokerage customer activity and includes trading, brokerage related cash, margin lending, retirement and investing, and other brokerage related activities. These activities drive variable expenses that correlate to the volume of customer activity, which has resulted in stable, ongoing profitability. Another factor is the sustained profitability of the bank structure driven by various credit loss mitigation activities and improving economic conditions that benefited our loan portfolio, and monetizing brokerage relationships by investing stable, low-cost deposits primarily in agency mortgage-backed securities. The Company's valuation allowance for deferred tax assets decreased $47 million to $35 million at December 31, 2016. Effective January 1, 2016, the Company elected to treat its broker-dealers, E*TRADE Securities and E*TRADE Clearing, as single member LLCs for tax purposes. The election to be treated as single member LLCs and future taxable income projections at the combined broker-dealer will result in the utilization of certain state deferred tax assets, primarily state NOLs, against which the Company had recorded valuation allowances. Accordingly, the Company recognized a tax benefit of $25 million for the year ended December 31, 2016. The principal components of the deferred tax assets for which a valuation allowance has been established include the following state and foreign country net operating loss carryforwards which have a limited carryforward period: • At December 31, 2016, the Company had gross foreign country net operating loss carryforwards of $74 million . The foreign net operating losses represent the foreign tax loss carryforwards in numerous foreign countries, the vast majority of which are not subject to expiration. At December 31, 2016, the Company had total foreign deferred tax assets, net of federal benefit, of approximately $18 million . In most of these foreign countries, the Company has historical tax losses; accordingly, the Company has provided a valuation allowance of $17 million against such deferred tax assets at December 31, 2016. • At December 31, 2016, the Company had gross state net operating loss carryforwards that expire between 2017 and 2035 in several states of $3.1 billion , most of which are subject to change by corresponding changes in apportionment. At December 31, 2016, the Company had total state deferred tax assets, net of federal benefit, of approximately $138 million that related to the Company's state net operating loss carryforwards and temporary differences with a valuation allowance of $18 million against such deferred tax assets. The Company does not intend to permanently reinvest any undistributed earnings and profits in foreign subsidiaries. As a result, the Company has fully recorded income taxes on those earnings at December 31, 2016. Effective Tax Rate The effective tax rate differed from the federal statutory rate as summarized in the following table for the years ended December 31, 2016, 2015 and 2014: Year Ended December 31, 2016 2015 2014 Federal statutory rate 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 3.9 0.2 2.0 Difference between statutory rate and foreign effective tax rate 0.2 (2.4 ) (1.0 ) Tax exempt income (0.1 ) (0.5 ) (0.1 ) Disallowed executive compensation 0.2 6.5 0.6 Change in valuation allowances (5.5 ) 0.1 2.2 Tax credits (0.7 ) (3.8 ) (0.6 ) Estimated reserve for uncertain tax positions 0.1 4.7 (0.3 ) Deferred tax adjustments 1.3 3.5 (3.4 ) Tax on undistributed earnings and profits in certain foreign subsidiaries — 3.9 1.1 Settled IRS examination — (241.5 ) — Other (0.3 ) (0.4 ) (0.3 ) Effective tax rate 34.1 % (194.7 )% 35.2 %

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
SHAREHOLDER'S EQUITY	SHAREHOLDERS' EQUITY The activity in shareholders’ equity during the year ended December 31, 2016 is summarized in the following table (dollars in millions): Preferred Stock Common Stock / Additional Paid-In Capital Accumulated Deficit / Other Comprehensive Loss Total Beginning balance, December 31, 2015 $ — $ 7,359 $ (1,560 ) $ 5,799 Net income — — 552 552 Net change from available-for-sale securities — — (38 ) (38 ) Issuance of preferred stock 394 — — 394 Repurchases of common stock — (452 ) — (452 ) Other (1) — 17 — 17 Ending balance, December 31, 2016 $ 394 $ 6,924 $ (1,046 ) $ 6,272 (1) Other includes employee share-based compensation and conversions of convertible debentures. Accumulated Other Comprehensive Loss The following tables present after-tax changes in each component of accumulated other comprehensive loss for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Available-for-Sale Securities (1) Cash Flow Hedging Instruments Foreign Currency Translation Total Balance, December 31, 2015 $ (101 ) $ — $ 2 $ (99 ) Other comprehensive loss before reclassifications (5 ) — — (5 ) Amounts reclassified from accumulated other comprehensive loss (33 ) — — (33 ) Net change (38 ) — — (38 ) Balance, December 31, 2016 $ (139 ) $ — $ 2 $ (137 ) (1) Includes unamortized unrealized pretax losses of approximately $8 million at December 31, 2016, related to available-for-sale securities that were transferred to held-to-maturity during the year ended December 31, 2016. See Note 7—Available-for-Sale and Held-to-Maturity Securities for additional information. Available-for-Sale Securities Cash Flow Hedging Instruments Foreign Currency Translation Total Balance, December 31, 2014 $ 7 $ (261 ) $ 5 $ (249 ) Other comprehensive loss before reclassifications (84 ) (10 ) (3 ) (97 ) Amounts reclassified from accumulated other comprehensive loss (24 ) 271 — 247 Net change (108 ) 261 (3 ) 150 Balance, December 31, 2015 $ (101 ) $ — $ 2 $ (99 ) Available-for-sale Cash Flow Foreign Total Balance, December 31, 2013 $ (160 ) $ (298 ) $ 5 $ (453 ) Other comprehensive income (loss) before reclassifications 193 (39 ) — 154 Amounts reclassified from accumulated other comprehensive loss (26 ) 76 — 50 Net change 167 37 — 204 Balance, December 31, 2014 $ 7 $ (261 ) $ 5 $ (249 ) The following tables present other comprehensive income (loss) activity and the related tax effect for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Other comprehensive income (loss) Available-for-sale securities: Unrealized gains (losses), net $ (10 ) $ 5 $ (5 ) $ (136 ) $ 52 $ (84 ) $ 310 $ (117 ) $ 193 Reclassification into earnings, net (53 ) 20 (33 ) (39 ) 15 (24 ) (42 ) 16 (26 ) Net change from available-for-sale securities (63 ) 25 (38 ) (175 ) 67 (108 ) 268 (101 ) 167 Cash flow hedging instruments: Unrealized losses, net — — — (17 ) 7 (10 ) (68 ) 29 (39 ) Reclassification into earnings, net — — — 439 (168 ) 271 125 (49 ) 76 Net change from cash flow hedging instruments — — — 422 (161 ) 261 57 (20 ) 37 Foreign currency translation losses, net — — — (3 ) — (3 ) — — — Other comprehensive income (loss) $ (63 ) $ 25 $ (38 ) $ 244 $ (94 ) $ 150 $ 325 $ (121 ) $ 204 The following table presents the consolidated statement of income line items impacted by reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Items in the Consolidated Statement of Income Year Ended December 31, 2016 2015 2014 Available-for-sale securities: $ 53 $ 39 $ 42 Gains (losses) on securities and other, net (20 ) (15 ) (16 ) Income tax expense $ 33 $ 24 $ 26 Reclassification into earnings, net Cash flow hedging instruments: $ — $ (370 ) $ — Gains (losses) on securities and other, net — (69 ) (125 ) Interest expense — (439 ) (125 ) Reclassification into earnings, before tax — 168 49 Income tax benefit $ — $ (271 ) $ (76 ) Reclassification into earnings, net For additional information on the $370 million reclassification during year ended December 31, 2015, see Note 9—Derivative Instruments and Hedging Activities . Issuance of Preferred Stock On August 25, 2016, the Company issued 400,000 shares of Series A fixed-to-floating rate non-cumulative perpetual preferred stock for gross proceeds of $400 million . Net proceeds, after issuance cost, were approximately $394 million . The shares have a par value of $0.01 and a liquidation preference of $1,000 per share. Dividends are non-cumulative and, if declared, are payable semi-annually at a rate of 5.875% from the original issue date to, but excluding, September 15, 2026. Dividends thereafter are payable at a floating rate equal to the three-month U.S. dollar LIBOR on the related dividend determination date plus 4.435%. The Company used the proceeds of the issuance, along with existing corporate cash, to fund the acquisition of OptionsHouse. See Note 2—Business Acquisition for additional information. As no preferred stock dividends were declared during the year ended December 31, 2016, the Company has not presented net income available to common shareholders on the consolidated statement of income . On February 2, 2017, the Board declared a dividend of $32.64 per share, or $13 million , to holders of record of the Series A Preferred stock as of February 28, 2017. The dividend will be paid on March 15, 2017. Share Repurchases On November 19, 2015, the Company announced that its Board of Directors authorized the repurchase of up to $800 million of shares of the Company's common stock through March 31, 2017. During the year ended December 31, 2016, the Company repurchased a total of $452 million , or 19.0 million shares, of common stock under this program which brings total repurchases to $502 million , or 20.6 million shares, since inception. As of December 31, 2016 , $298 million remained available for additional repurchases. The Company accounts for share repurchases retired after repurchase by allocating the excess repurchase price over par to additional paid-in-capital.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents a reconciliation of basic and diluted earnings per share (in millions, except share data and per share amounts): Year Ended December 31, 2016 2015 2014 Basic: Net income $ 552 $ 268 $ 293 Basic weighted-average shares outstanding (in thousands) 277,789 290,762 288,705 Basic earnings per share $ 1.99 $ 0.92 $ 1.02 Diluted: Net income $ 552 $ 268 $ 293 Basic weighted-average shares outstanding (in thousands) 277,789 290,762 288,705 Effect of dilutive securities: Weighted-average restricted stock and options issued to employees (in thousands) 872 1,429 1,399 Weighted-average convertible debentures (in thousands) 387 2,820 3,999 Diluted weighted-average shares outstanding (in thousands) 279,048 295,011 294,103 Diluted earnings per share $ 1.98 $ 0.91 $ 1.00 For the years ended December 31, 2016, 2015 and 2014, the Company excluded less than 0.1 million , 0.1 million and 0.5 million shares, respectively, of stock options and restricted stock awards and units from the calculations of diluted earnings per share as the effect would have been anti-dilutive.

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2016
Regulatory Capital Requirements [Abstract]
REGULATORY REQUIREMENTS	REGULATORY REQUIREMENTS Broker-Dealer and FCM Capital Requirements The Company’s U.S. broker-dealer subsidiaries are subject to the Uniform Net Capital Rule under the Securities Exchange Act of 1934 administered by the SEC and FINRA, which requires the maintenance of minimum net capital. The minimum net capital requirements can be met under either the Aggregate Indebtedness method or the Alternative method. Under the Aggregate Indebtedness method, a broker-dealer is required to maintain minimum net capital of the greater of 6 2 / 3 % of its aggregate indebtedness, as defined, or a minimum dollar amount. Under the Alternative method, a broker-dealer is required to maintain net capital equal to the greater of $250,000 or 2% of aggregate debit balances arising from customer transactions. The method used depends on the individual U.S. broker-dealer subsidiary. As FCMs, the Company’s U.S. broker-dealer subsidiaries are also subject to CFTC net capital requirements, including the maintenance of adjusted net capital equal to or in excess of the greater of (1) $1,000,000 (2) the FCM's risk-based capital requirement, computed as 8% of the total risk margin requirements for all positions carried in customer and non-customer accounts, (3) the amount of adjusted net capital required by the NFA or (4) the amount of net capital required by the SEC's net capital rule. The Company’s international broker-dealer subsidiary is subject to capital requirements determined by its respective regulator. At December 31, 2016 and 2015, all of the Company’s broker-dealer subsidiaries met minimum net capital requirements. The tables below summarize the minimum capital requirements and excess capital for the Company’s broker-dealer subsidiaries at December 31, 2016 and 2015 (dollars in millions): Required Net Capital Net Capital Excess Net Capital December 31, 2016: E*TRADE Securities (1)(2) $ 158 $ 969 $ 811 OptionsHouse (3) 1 22 21 Other broker-dealer — 21 21 Total $ 159 $ 1,012 $ 853 December 31, 2015: E*TRADE Clearing (2) $ 161 $ 1,007 $ 846 E*TRADE Securities (1) — 49 49 Other broker-dealers 1 15 14 Total $ 162 $ 1,071 $ 909 (1) Elected to use the Alternative method to compute required net capital. E*TRADE Securities' minimum net capital requirement was $250,000 as of December 31, 2015. (2) Effective October 1, 2016, E*TRADE Clearing was merged into E*TRADE Securities. E*TRADE Securities paid dividends of $208 million to the parent company during the year ended December 31, 2016 and $70 million in January 2017. E*TRADE Clearing paid dividends of $227 million to the parent company during the year ended December 31, 2016. (3) The Company completed the acquisition of OptionsHouse on September 12, 2016. OptionsHouse elected to use the Aggregate Indebtedness method to compute net capital; however, as OptionsHouse is an FCM, the prescribed fixed-dollar minimum capital requirement is $1 million . Bank Capital Requirements E*TRADE Financial and E*TRADE Bank are subject to various regulatory capital requirements administered by federal banking agencies. Beginning January 1, 2015, both E*TRADE Financial and E*TRADE Bank calculate regulatory capital under the Basel III framework using the Standardized Approach, subject to transition provisions. Failure to meet minimum capital requirements can trigger certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on E*TRADE Financial’s and E*TRADE Bank’s financial condition and results of operations. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, E*TRADE Financial and E*TRADE Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. In addition, E*TRADE Bank may not pay dividends to the parent company without the non-objection, or in certain cases the approval, of its regulators, and any loans by E*TRADE Bank to the parent company and its other non-bank subsidiaries are subject to various quantitative, arm’s length, collateralization and other requirements. E*TRADE Financial’s and E*TRADE Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require E*TRADE Financial and E*TRADE Bank to meet minimum Tier 1 leverage, common equity Tier 1 capital, Tier 1 risk-based capital and total risk-based capital ratios. Events beyond management's control, such as deterioration in credit markets, could adversely affect future earnings and E*TRADE Financial’s and E*TRADE Bank’s ability to meet future capital requirements. E*TRADE Financial and E*TRADE Bank were categorized as "well capitalized" under the regulatory framework for prompt corrective action for the periods presented in the table below (dollars in millions): December 31, 2016 December 31, 2015 Actual Well Capitalized Minimum Capital Excess Capital Actual Well Capitalized Minimum Capital Excess Capital Amount Ratio Amount Ratio Amount Amount Ratio Amount Ratio Amount E*TRADE Financial (1) Tier 1 leverage $ 3,610 7.8 % $ 2,316 5.0 % $ 1,294 $ 3,747 9.0 % $ 2,093 5.0 % $ 1,654 Common equity Tier 1 capital $ 3,483 37.0 % $ 612 6.5 % $ 2,871 $ 3,747 39.3 % $ 620 6.5 % $ 3,127 Tier 1 risk-based capital $ 3,610 38.3 % $ 754 8.0 % $ 2,856 $ 3,747 39.3 % $ 763 8.0 % $ 2,984 Total risk-based capital $ 4,148 44.0 % $ 942 10.0 % $ 3,206 $ 4,186 43.9 % $ 954 10.0 % $ 3,232 December 31, 2016 December 31, 2015 Actual Well Capitalized Minimum Capital Excess Capital Actual Well Capitalized Minimum Capital Excess Capital Amount Ratio Amount Ratio Amount Amount Ratio Amount Ratio Amount E*TRADE Bank (1)(2) Tier 1 leverage $ 3,132 8.8 % $ 1,786 5.0 % $ 1,346 $ 3,075 9.7 % $ 1,579 5.0 % $ 1,496 Common equity Tier 1 capital $ 3,132 38.3 % $ 532 6.5 % $ 2,600 $ 3,075 36.5 % $ 548 6.5 % $ 2,527 Tier 1 risk-based capital $ 3,132 38.3 % $ 655 8.0 % $ 2,477 $ 3,075 36.5 % $ 674 8.0 % $ 2,401 Total risk-based capital $ 3,237 39.5 % $ 819 10.0 % $ 2,418 $ 3,185 37.8 % $ 842 10.0 % $ 2,343 (1) The Basel III final rule introduces a capital conservation buffer that limits a banking organization’s ability to make capital distributions and discretionary bonus payments to executive officers if a banking organization fails to maintain a Common Equity Tier 1 capital conservation buffer of more than 2.5% , on a fully phased-in basis, of total risk-weighted assets above each of the following minimum risk-based capital ratio requirements: Common Equity Tier 1 capital ( 4.5% ), Tier 1 ( 6.0% ), and total risk-based capital ( 8.0% ). This requirement was effective beginning on January 1, 2016, and will be fully phased-in by 2019. Certain new regulatory deductions and adjustments are subject to a phase-in period over a four year period, beginning at 40% in 2015 and fully implemented at 100% in 2018. (2) E*TRADE Bank paid dividends of $423 million to the parent company during the year ended December 31, 2016 .

Lease Arrangements

Lease Arrangements	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
LEASE ARRANGEMENTS	LEASE ARRANGEMENTS The Company has non-cancelable operating leases for facilities through 2028 . Future minimum lease payments and sublease proceeds under these leases with initial or remaining terms in excess of one year, including leases associated with restructuring activities, are as follows (dollars in millions): Operating Lease Commitments Years ending December 31, 2017 $ 26 2018 27 2019 24 2020 18 2021 17 Thereafter 26 Total future minimum lease payments $ 138 Sublease proceeds (2 ) Net lease commitments $ 136 Certain leases contain provisions for renewal options and rent escalations based on increases in certain costs incurred by the lessor. Rent expense, net of sublease income, was $24 million , $22 million and $21 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Rent expense, which is recorded in the occupancy and equipment line item in the consolidated statement of income , excludes costs related to leases associated with restructuring activities, which are recorded in the restructuring and acquisition-related activities line item in the consolidated statement of income . On October 31, 2014, the Company executed a sale-leaseback transaction on its office located in Alpharetta, Georgia. As the transaction did not qualify for leaseback accounting, future minimum lease payments on the lease are not included above. See Note 10—Property and Equipment, Net for more information.

Commitments, Contingencies and

Commitments, Contingencies and Other Regulatory Matters	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND OTHER REGULATORY MATTERS	COMMITMENTS, CONTINGENCIES AND OTHER REGULATORY MATTERS Legal Matters The Company reviews its lawsuits, regulatory inquiries and other legal proceedings on an ongoing basis and provides disclosure and records loss contingencies in accordance with the loss contingencies accounting guidance. The Company establishes an accrual for losses at management's best estimate when it assesses that it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. The Company monitors these matters for developments that would affect the likelihood of a loss and the accrued amount, if any, and adjusts the amount as appropriate. Litigation Matters On October 27, 2000, Ajaxo, Inc. (Ajaxo) filed a complaint in the Superior Court for the State of California, County of Santa Clara. Ajaxo sought damages and certain non-monetary relief for the Company’s alleged breach of a non-disclosure agreement with Ajaxo pertaining to certain wireless technology that Ajaxo offered the Company as well as damages and other relief against the Company for their alleged misappropriation of Ajaxo’s trade secrets. Following a jury trial, a judgment was entered in 2003 in favor of Ajaxo against the Company for $1 million for breach of the Ajaxo non-disclosure agreement. Although the jury found in favor of Ajaxo on its claim against the Company for misappropriation of trade secrets, the trial court subsequently denied Ajaxo’s requests for additional damages and relief. On December 21, 2005, the California Court of Appeal affirmed the above-described award against the Company for breach of the nondisclosure agreement but remanded the case to the trial court for the limited purpose of determining what, if any, additional damages Ajaxo may be entitled to as a result of the jury’s previous finding in favor of Ajaxo on its claim against the Company for misappropriation of trade secrets. Although the Company paid Ajaxo the full amount due on the above-described judgment, the case was remanded back to the trial court, and on May 30, 2008, a jury returned a verdict in favor of the Company denying all claims raised and demands for damages against the Company. Following the trial court’s entry of judgment in favor of the Company on September 5, 2008, Ajaxo filed post-trial motions for vacating this entry of judgment and requesting a new trial. The trial court denied these motions. On December 2, 2008, Ajaxo filed a notice of appeal with the Court of Appeal of the State of California for the Sixth District. On August 30, 2010, the Court of Appeal affirmed the trial court’s verdict in part and reversed the verdict in part, remanding the case. The Company petitioned the Supreme Court of California for review of the Court of Appeal decision. On December 16, 2010, the California Supreme Court denied the Company’s petition for review and remanded for further proceedings to the trial court. The testimonial phase of the third trial in this matter concluded on June 12, 2012. By order dated May 28, 2014, the Court determined to conduct a second phase of this bench trial to allow Ajaxo to attempt to prove entitlement to additional royalties. Hearings in phase two of the trial concluded January 8, 2015. In a Judgment and Statement of Decision filed September 16, 2015, the Court denied all claims for royalties by Ajaxo. Ajaxo’s post-trial motions were denied. Ajaxo has appealed to the Court of Appeal, Sixth District. Briefing of this appeal is expected to conclude in August 2017. The Company will continue to defend itself vigorously. On May 16, 2011, Droplets Inc., the holder of two patents pertaining to user interface servers, filed a complaint in the U.S. District Court for the Eastern District of Texas against E*TRADE Financial Corporation, E*TRADE Securities, E*TRADE Bank and multiple other unaffiliated financial services firms. Plaintiff contends that the defendants engaged in patent infringement under federal law. Plaintiff seeks unspecified damages and an injunction against future infringements, plus royalties, costs, interest and attorneys’ fees. On March 28, 2012, a change of venue was granted and the case was transferred to the United States District Court for the Southern District of New York. The Company's motion for summary judgment on the grounds of non-infringement was granted by the U.S. District Court in a Decision and Order dated March 9, 2015. All remaining claims are stayed pending resolution of issues on Droplet's remaining patents under review by the Patent Trial and Appeal Board (PTAB). On July 6, 2015, the PTAB instituted an inter partes review of plaintiff's '115 patent. A hearing on the inter partes review was conducted on March 14, 2016. On June 23, 2016, the PTAB deemed Droplets’ putative '115 patent to be “unpatentable.” In a separate proceeding, the PTAB has also separately deemed Droplets’ putative '838 patent to be “unpatentable.” Droplets has appealed to the Circuit Court of Appeals for the District of Columbia. The opening brief was filed on December 23, 2016 and briefing is expected to continue into April 2017. The Company will continue to defend itself vigorously in this matter. Several cases have been filed nationwide involving the April 2007 leveraged buyout (LBO) of the Tribune Company (Tribune) by Sam Zell, and the subsequent bankruptcy of Tribune. In William Niese et al. v. A.G. Edwards et al., in Superior Court of Delaware, New Castle County, former Tribune employees and retirees claimed that Tribune was actually insolvent at the time of the LBO and that the LBO constituted a fraudulent transaction that depleted the plaintiffs’ retirement plans, rendering them worthless. E*TRADE Clearing, along with numerous other financial institutions, is a named defendant in this case. One of the defendants removed the action to federal district court in Delaware on July 1, 2011. In Deutsche Bank Trust Company Americas et al. v. Adaly Opportunity Fund et al., filed in the Supreme Court of New York, New York County on June 3, 2011, the Trustees of certain notes issued by Tribune allege wrongdoing in connection with the LBO. In particular the Trustees claim that the LBO constituted a constructive fraudulent transfer under various state laws. G1 Execution Services, LLC (formerly known as E*TRADE Capital Markets, LLC), along with numerous other financial institutions, is a named defendant in this case. In Deutsche Bank et al. v. Ohlson et al., filed in the U.S. District Court for the Northern District of Illinois, noteholders of Tribune asserted claims of constructive fraud and G1 Execution Services, LLC is a named defendant in this case. Under the agreement governing the sale of G1 Execution Services, LLC to Susquehanna International Group, LLP, the Company remains responsible for any resulting actions taken against G1 Execution Services, LLC as a result of such investigation. In EGI-TRB LLC et al. v. ABN-AMRO et al., filed in the Circuit Court of Cook County Illinois, creditors of Tribune assert fraudulent conveyance claims against multiple shareholder defendants and E*TRADE Clearing is a named defendant in this case. These cases have been consolidated into a multi-district litigation. The Company’s time to answer or otherwise respond to the complaints has been stayed pending further orders of the Court. On September 18, 2013, the Court entered the Fifth Amended Complaint. On September 23, 2013, the Court granted the defendants’ motion to dismiss the individual creditors’ complaint. The individual creditors filed a notice of appeal. The steering committees for plaintiffs and defendants have submitted a joint plan for the next phase of litigation. The next phase of the action will involve individual motions to dismiss. On April 22, 2014, the Court issued its protocols for dismissal motions for those defendants who were "mere conduits" who facilitated the transactions at issue. The motion to dismiss Count I of the Fifth Amended Complaint for failure to state a cause of action was fully briefed on July 2, 2014, and the parties await decision on that motion. The Litigation Trustee for the Plaintiffs dismissed all claims against E*TRADE Clearing pursuant to a Stipulation confirmed by the Court on June 7, 2016. All remaining claims involving E*TRADE S&P 500 Fund have been dismissed by order dated January 6, 2017. The order will become final unless the litigation Trustee appeals. On April 30, 2013, a putative class action was filed by John Scranton, on behalf of himself and a class of persons similarly situated, against E*TRADE Financial Corporation and E*TRADE Securities in the Superior Court of California, County of Santa Clara, pursuant to the California procedures for a private Attorney General action. The complaint alleged that the Company misrepresented through its website that it would always automatically exercise options that were in-the-money by $0.01 or more on expiration date. Plaintiffs allege violations of the California Unfair Competition Law, the California Consumer Remedies Act, fraud, misrepresentation, negligent misrepresentation and breach of fiduciary duty. The case has been deemed complex within the meaning of the California Rules of Court, and a case management conference was held on September 13, 2013. The Company’s demurrer and motion to strike the complaint were granted by order dated December 20, 2013. The Court granted leave to amend the complaint. A second amended complaint was filed on January 31, 2014. On March 11, 2014, the Company moved to strike and for a demurrer to the second amended complaint. On October 20, 2014, the Court sustained the Company's demurrer, dismissing four counts of the second amended complaint with prejudice and two counts without prejudice. The plaintiffs filed a third amended complaint on November 10, 2014. The Company filed a third demurrer and motion to strike on December 12, 2014. By order dated March 18, 2015, the Superior Court entered a final order sustaining the Company's demurrer on all remaining claims with prejudice. Final judgment was entered in the Company's favor on April 8, 2015. Plaintiff filed a Notice of Appeal April 27, 2015. Briefing is scheduled to continue through 2017. The Company will continue to defend itself vigorously in this matter. On March 26, 2015, a putative class action was filed in the U.S. District Court for the Northern District of California by Ty Rayner, on behalf of himself and all others similarly situated, naming E*TRADE Financial Corporation and E*TRADE Securities as defendants. The complaint alleges that E*TRADE breached a fiduciary duty and unjustly enriched itself in connection with the routing of its customers’ orders to various market-makers and exchanges. Plaintiff seeks unspecified damages, declaratory relief, restitution, disgorgement of payments received by the Company, and attorneys’ fees. On July 23, 2016, a putative class action was filed in the U.S. District Court for the Southern District of New York by Craig L. Schwab, on behalf of himself and others similarly situated, naming E*TRADE Financial Corporation, E*TRADE Securities LLC, and former Company executives as defendants. The complaint alleges that E*TRADE violated federal securities laws in connection with the routing of its customers’ orders to various market-makers and exchanges. Plaintiff seeks unspecified damages, declaratory relief, restitution, disgorgement of payments received by the Company, and attorneys’ fees. By stipulation, the Rayner case has been consolidated with the Schwab case and both matters are now venued in the Southern District of New York. E*TRADE has moved to dismiss the complaint in Rayner. E*TRADE moved to dismiss the Schwab case on January 11, 2017; and in response, the Schwab plaintiffs submitted an amended Complaint on February 10, 2017. The amended Schwab complaint asserts only two claims: violation of Section 10(b) of the Exchange Act by E*TRADE Securities LLC and E*TRADE Financial Corporation; and violation of Section 20(a) of the Exchange Act by E*TRADE's two most recent chief executive officers. The Company will continue to defend itself vigorously in these matters. In addition to the matters described above, the Company is subject to various legal proceedings and claims that arise in the normal course of business. In each pending matter, the Company contests liability or the amount of claimed damages. In view of the inherent difficulty of predicting the outcome of such matters, particularly in cases where claimants seek substantial or indeterminate damages, or where investigation or discovery have yet to be completed, the Company is unable to estimate a range of reasonably possible losses on its remaining outstanding legal proceedings; however, the Company believes any losses, both individually or in the aggregate, would not be reasonably likely to have a material adverse effect on the consolidated financial condition or results of operations of the Company. An unfavorable outcome in any matter could have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows. In addition, even if the ultimate outcomes are resolved in the Company’s favor, the defense of such litigation could entail considerable cost or the diversion of the efforts of management, either of which could have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows. Regulatory Matters The securities, futures, foreign currency and banking industries are subject to extensive regulation under federal, state and applicable international laws. From time to time, the Company has been threatened with or named as a defendant in lawsuits, arbitrations and administrative claims involving securities, banking and other matters. The Company is also subject to periodic regulatory examinations and inspections. Compliance and trading problems that are reported to regulators, such as the SEC, Federal Reserve Bank of Richmond, FINRA, CFTC, NFA or OCC by dissatisfied customers or others are investigated by such regulators, and may, if pursued, result in formal claims being filed against the Company by customers or disciplinary action being taken against the Company or its employees by regulators. Any such claims or disciplinary actions that are decided against the Company could have a material impact on the financial results of the Company or any of its subsidiaries. During 2012, the Company completed a review of order handling practices and pricing for order flow between E*TRADE Securities and G1 Execution Services, LLC. The Company implemented changes to its practices and procedures that were recommended during the review. Banking regulators and federal securities regulators were regularly updated during the course of the review. Subsequently, on July 11, 2013, FINRA notified E*TRADE Securities and G1 Execution Services, LLC that it was conducting an examination of both firms’ order handling practices. On March 19, 2015, the Company received a Wells notice from FINRA's Market Regulation Department relating to the adequacy of E*TRADE Securities' order-routing disclosures and supervisory process for reviewing execution quality during the period covered by the Company's 2012 internal review (July 2011 - June 2012). The Company cooperated fully with FINRA in the examination. In June 2016, E*TRADE Securities entered into a settlement with FINRA whereby it agreed to a censure and paid a $900,000 fine. Insurance The Company maintains insurance coverage that management believes is reasonable and prudent. The principal insurance coverage it maintains covers commercial general liability; property damage; hardware/software damage; cyber liability; directors and officers; employment practices liability; certain criminal acts against the Company; and errors and omissions. The Company believes that such insurance coverage is adequate for the purpose of its business. The Company’s ability to maintain this level of insurance coverage in the future, however, is subject to the availability of affordable insurance in the marketplace. Commitments In the normal course of business, the Company makes various commitments to extend credit and incur contingent liabilities that are not reflected in the consolidated balance sheet. Significant changes in the economy or interest rates may influence the impact that these commitments and contingencies have on the Company in the future. The Company’s equity method, cost method and other investments are generally limited liability investments in partnerships, companies and other similar entities, including tax credit partnerships and community development entities, which are not required to be consolidated. The Company had $83 million in unfunded commitments with respect to these investments at December 31, 2016 . At December 31, 2016 , the Company had approximately $23 million of certificates of deposit scheduled to mature in less than one year and approximately $18 million of unfunded commitments to extend credit. Guarantees In prior periods when the Company sold loans, the Company provided guarantees to investors purchasing mortgage loans, which are considered standard representations and warranties within the mortgage industry. The primary guarantees are that: the mortgage and the mortgage note have been duly executed and each is the legal, valid and binding obligation of the Company, enforceable in accordance with its terms; the mortgage has been duly acknowledged and recorded and is valid; and the mortgage and the mortgage note are not subject to any right of rescission, set-off, counterclaim or defense, including, without limitation, the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto. The Company is responsible for the guarantees on loans sold. If these claims prove to be untrue, the investor can require the Company to repurchase the loan and return all loan purchase and servicing release premiums. Management does not believe the potential liability exposure will have a material impact on the Company’s results of operations, cash flows or financial condition due to the nature of the standard representations and warranties, which have resulted in a minimal amount of loan repurchases. Prior to 2008, ETBH raised capital through the formation of trusts, which sold TRUPs in the capital markets. The capital securities must be redeemed in whole at the due date, which is generally 30 years after issuance. Each trust issued TRUPs at par, with a liquidation amount of $1,000 per capital security. The trusts used the proceeds from the sale of issuances to purchase subordinated debentures issued by ETBH. During the 30 -year period prior to the redemption of the TRUPs, ETBH guarantees the accrued and unpaid distributions on these securities, as well as the redemption price of the securities and certain costs that may be incurred in liquidating, terminating or dissolving the trusts (all of which would otherwise be payable by the trusts). At December 31, 2016 , management estimated that the maximum potential liability under this arrangement, including the current carrying value of the trusts, was equal to approximately $418 million or the total face value of these securities plus accrued interest payable, which may be unpaid at the termination of the trust arrangement.

Condensed Financial Information

Condensed Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)	CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) The following presents the parent company’s condensed statement of comprehensive income, balance sheet and statement of cash flows: CONDENSED STATEMENT OF COMPREHENSIVE INCOME (In millions) Year Ended December 31, 2016 2015 2014 Dividends from subsidiaries (1) $ 858 $ 859 $ 311 Other revenues 328 317 226 Total net revenue 1,186 1,176 537 Total non-interest expense 501 560 480 Income before income tax expense (benefit) and equity in income (loss) of consolidated subsidiaries 685 616 57 Income tax expense (benefit) 456 (287 ) (88 ) Equity in undistributed income (loss) of subsidiaries 323 (635 ) 148 Net income 552 268 293 Other comprehensive (loss) income (38 ) 150 204 Comprehensive income $ 514 $ 418 $ 497 (1) Includes $423 million , $281 million and $300 million from E*TRADE Bank for the years ended 2016, 2015 and 2014, respectively. CONDENSED BALANCE SHEET (In millions) December 31, 2016 2015 ASSETS Cash and equivalents $ 416 $ 432 Property and equipment, net 148 156 Investment in consolidated subsidiaries (1) 6,523 5,434 Receivable from subsidiaries 38 57 Deferred tax assets, net 179 739 Other assets 153 173 Total assets $ 7,457 $ 6,991 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Corporate debt $ 994 $ 997 Other liabilities 191 195 Total liabilities 1,185 1,192 Total shareholders’ equity 6,272 5,799 Total liabilities and shareholders’ equity $ 7,457 $ 6,991 (1) Includes investment of $3,153 million and $3,181 million in E*TRADE Bank as of December 31, 2016 and 2015, respectively. CONDENSED STATEMENT OF CASH FLOWS (In millions) Year Ended December 31, 2016 2015 2014 Cash flows from operating activities: Net income $ 552 $ 268 $ 293 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 48 44 38 Equity in undistributed (income) loss from subsidiaries (323 ) 635 (148 ) Losses on early extinguishment of debt — 5 6 Other 564 (163 ) (28 ) Net cash provided by operating activities 841 789 161 Cash flows from investing activities: Capital expenditures for property and equipment (36 ) (33 ) (62 ) Proceeds from sale of subsidiary — — 76 Cash contributions to subsidiaries (766 ) (147 ) (29 ) Other 16 — — Net cash used in investing activities (786 ) (180 ) (15 ) Cash flows from financing activities: Net proceeds from issuance of senior notes — 460 540 Payments on senior notes — (800 ) (940 ) Issuance of preferred stock 400 — — Repurchases of common stock (452 ) (50 ) — Other (19 ) (7 ) 68 Net cash provided by (used in) financing activities (71 ) (397 ) (332 ) Increase (decrease) in cash and equivalents (16 ) 212 (186 ) Cash and equivalents, beginning of period 432 220 406 Cash and equivalents, end of period $ 416 $ 432 $ 220 Parent Company Guarantees Guarantees are contingent commitments issued by the parent for the purpose of guaranteeing the financial obligations of a subsidiary to a third party. The financial obligations of the parent and the relevant subsidiary do not change by the existence of a parent guarantee. Rather, upon the occurrence of certain events, the guarantee shifts ultimate payment responsibility of an existing financial obligation from the relevant subsidiary to the parent company. The parent issues guarantees for the settlement of foreign exchange transactions. If a subsidiary fails to deliver currency on the settlement date of a foreign exchange arrangement, the beneficiary third party may seek payment from the Company. Terms are undefined, and are governed by the terms of the underlying financial obligation. At December 31, 2016, no claims had been made against the parent for payment under these guarantees and thus, no obligations have been recorded. None of these guarantees are collateralized.

Quarterly Data (Unaudited)

Quarterly Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY DATA (Unaudited)	QUARTERLY DATA (UNAUDITED) The information presented below reflects all adjustments, which, in the opinion of management, are of a normal and recurring nature necessary to present fairly the results of operations for the quarterly periods presented (dollars in millions, except per share amounts): 2016 2015 First Second Third Fourth First Second Third Fourth Total net revenue $ 472 $ 474 $ 486 $ 509 $ 441 $ 429 $ 61 $ 439 Net income (loss) $ 153 $ 133 $ 139 $ 127 $ 40 $ 292 $ (153 ) $ 89 Earnings (loss) per share: Basic $ 0.54 $ 0.48 $ 0.51 $ 0.46 $ 0.14 $ 1.01 $ (0.53 ) $ 0.31 Diluted $ 0.53 $ 0.48 $ 0.51 $ 0.46 $ 0.14 $ 0.99 $ (0.53 ) $ 0.30 Net income in the first, second, third and fourth quarters of 2016 includes a pre-tax benefit to provision for loan losses of $34 million , $35 million , $62 million and $18 million , respectively. Net income in the first quarter of 2015 includes a $73 million pre-tax loss on early extinguishment of debt related to the redemption of corporate debt. Net income in the second quarter of 2015 includes a $220 million income tax benefit resulting from the settlement of an IRS examination. Net income and revenue in the third quarter of 2015 were impacted by the reclassification from accumulated comprehensive loss of $370 million of losses related to cash flow hedges as a result of the termination of legacy wholesale funding obligations and net income was further impacted by a $39 million pre-tax loss on early extinguishment of debt, primarily related to the termination of the wholesale funding obligations. See Note 14—Other Borrowings , and Note 15—Corporate Debt for additional information.

Organization, Basis of Presen31

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization (policy)	Organization —E*TRADE Financial Corporation is a financial services company that provides brokerage and related products and services primarily to individual retail investors under the brand "E*TRADE Financial." The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Company's most significant, wholly-owned subsidiaries are described below: • E*TRADE Securities is a registered broker-dealer and is the primary provider of brokerage products and services to the Company's customers. In addition it clears and settles securities transactions for its customers. • Aperture, LLC (dba OptionsHouse) is a registered broker-dealer focused on active traders through its derivatives platform. • E*TRADE Bank and its subsidiary E*TRADE Savings Bank are federally chartered savings banks which provide our customers with FDIC insurance on qualifying amounts of customer deposits and other banking and cash management capabilities. We utilize our bank structure to effectively monetize the value of brokerage deposits. • E*TRADE Financial Corporate Services is a provider of software and services for managing equity compensation plans to our corporate clients.
Basis of presentation (policy)	Basis of Presentation —The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries as determined under the voting interest model. Entities in which the Company has the ability to exercise significant influence but in which the Company does not possess control are generally accounted for by the equity method. Entities in which the Company does not have the ability to exercise significant influence are generally carried at cost. Investments in marketable equity securities where the Company does not have the ability to exercise significant influence over the entities are accounted for as available-for-sale equity securities. The Company also evaluates its initial and continuing involvement with certain entities to determine if the Company is required to consolidate the entities under the variable interest entity (VIE) model. This evaluation is based on a qualitative assessment of whether the Company is the primary beneficiary of the VIE, which requires the Company to possess both: 1) the power to direct the activities that most significantly impact the economic performance of the VIE; and 2) the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The consolidated financial statements do not include any consolidated VIEs for all periods presented. The Company's consolidated financial statements are prepared in accordance with GAAP. Intercompany accounts and transactions are eliminated in consolidation. These consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. Beginning January 1, 2016, the Company changed its segment reporting structure to align with the manner in which the Chief Operating Decision Maker reviews business performance and makes resource allocation decisions. As the Chief Operating Decision Maker's business performance assessments and resource allocation decisions are based on consolidated operating margin, the Company no longer has separate operating segments and, accordingly, no longer presents disaggregated segment financial results. The Company also updated the presentation of its consolidated statement of income to reflect how business performance is measured and prior periods have been reclassified to conform to the current period presentation as follows: • Interest expense related to corporate debt and interest income related to corporate cash reclassified from other income (expense) to net interest income • Losses on early extinguishment of debt, net reclassified from other income (expense) to non-interest expense • Other income (expense) reclassified from other income (expense) to gains (losses) on securities and other, net
Use of estimates (policy)	Use of Estimates —Preparing the Company's consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related notes for the periods presented. Actual results could differ from management’s estimates. Certain significant accounting policies are critical because they are based on estimates and assumptions that require complex and subjective judgments by management. Changes in these estimates or assumptions could materially impact the Company’s financial condition and results of operations. Material estimates in which management believes changes could reasonably occur include: allowance for loan losses; valuation and impairment of goodwill and acquired intangible assets; and estimates of effective tax rates, deferred taxes and valuation allowance.
Cash and equivalents (policy)	Cash and Equivalents —The Company considers all highly liquid investments with original or remaining maturities of three months or less at the time of purchase that are not required to be segregated under federal or other regulations to be cash and equivalents. Cash and equivalents included $1.1 billion and $1.6 billion at December 31, 2016 and 2015, respectively, of overnight cash deposits, a portion of which the Company is required to maintain with the Federal Reserve Bank.
Cash required to be segregated under federal or other regulations (policy)	Cash Required to be Segregated Under Federal or Other Regulations —Certain cash balances that are required to be segregated for the exclusive benefit of the Company’s brokerage customers are included in the cash required to be segregated under federal or other regulations line item.
Available-for-sale securities (policy)	Available-for-Sale Securities —Available-for-sale securities consist primarily of debt securities and also include equity securities. Securities classified as available-for-sale are carried at fair value, with the unrealized gains and losses, after applicable hedge accounting adjustments, reflected as a component of accumulated other comprehensive loss, net of tax. Realized and unrealized gains or losses on available-for-sale debt and equity securities are computed using the specific identification method. Interest earned on available-for-sale debt and equity securities is included in interest income. Amortization or accretion of premiums and discounts on available-for-sale debt securities is also recognized in interest income using the effective interest method over the contractual life of the security and is adjusted to reflect actual prepayments. Realized gains and losses on available-for-sale debt and equity securities, with the exception of other-than-temporary impairment (OTTI), are included in the gains (losses) on securities and other, net line item. Available-for-sale securities that have an unrealized loss (impaired securities) are evaluated for OTTI at each balance sheet date.
Held-to-maturity securities (policy)	Held-to-Maturity Securities —Held-to-maturity securities consist of debt securities, primarily residential mortgage-backed securities and agency debt securities. Held-to-maturity securities are carried at amortized cost based on the Company’s intent and ability to hold these securities to maturity. Interest earned on held-to-maturity debt securities is included in interest income. Amortization or accretion of premiums and discounts is also recognized in interest income using the effective interest method over the contractual life of the security and is adjusted to reflect actual prepayments. Held-to-maturity securities that have an unrecognized loss (impaired securities) are evaluated for OTTI at each balance sheet date.
Receivables From And Payables To Brokers, Dealers And Clearing Organizations (Policy)	Receivables from and Payables to Brokers, Dealers and Clearing Organizations —Receivables from brokers, dealers and clearing organizations include deposits paid for securities borrowed, clearing deposits and net receivables arising from unsettled trades. Payables to brokers, dealers and clearing organizations include deposits received for securities loaned and net payables arising from unsettled trades. Deposits paid for securities borrowed and deposits received for securities loaned are recorded at the amount of cash collateral advanced or received. Deposits paid for securities borrowed transactions require the Company to deposit cash with the lender. With respect to deposits received for securities loaned, the Company receives collateral in the form of cash in an amount generally in excess of the market value of the securities loaned. Interest income and interest expense are recorded on an accrual basis. The Company monitors the market value of the securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded, as necessary.
Margin receivables (policy)	Margin Receivables —Margin receivables represent credit extended to customers to finance their purchases of securities by borrowing against securities the customers own. Securities owned by customers are held as collateral for amounts due on the margin receivables, the value of which is not reflected in the consolidated balance sheet. The Company is permitted to sell or re-pledge these securities held as collateral and to use the securities to enter into securities lending transactions, to collateralize borrowings or for delivery to counterparties to cover customer short positions. The fair value of securities that the Company received as collateral in connection with margin receivables and securities borrowing activities, where the Company is permitted to sell or re-pledge the securities, was approximately $9.8 billion and $10.1 billion at December 31, 2016 and 2015, respectively. Of this amount, $2.0 billion and $2.5 billion had been pledged or sold in connection with securities loans and deposits with clearing organizations at December 31, 2016 and 2015, respectively.
Loans receivable, net (policy) and Impaired loans (policy)	Loans Receivable, Net —Loans receivable, net consists of real estate and consumer loans that management has the intent and ability to hold for the foreseeable future or until maturity, also known as loans held-for-investment. Loans held-for-investment are carried at amortized cost adjusted for unamortized premiums or discounts on purchased loans, deferred fees or costs on originated loans, net charge-offs, and the allowance for loan losses. Premiums or discounts on purchased loans and deferred fees or costs on originated loans are recognized in interest income using the effective interest method over the contractual life of the loans and are adjusted for actual prepayments. The Company’s classes of loans are one- to four-family, home equity and consumer loans. Impaired Loans —The Company considers a loan to be impaired when it meets the definition of a TDR. Impaired loans exclude smaller-balance homogeneous one- to four-family, home equity and consumer loans that have not been modified as TDRs and are collectively evaluated for impairment.
TDRs (policy)	TDRs —Loan modifications completed under the Company’s loss mitigation programs in which economic concessions were granted to borrowers experiencing financial difficulty are considered TDRs. TDRs also include loans that have been charged-off based on the estimated current value of the underlying property less estimated selling costs due to bankruptcy notification even if the loan has not been modified under the Company’s programs. Upon being classified as a TDR, such loan is categorized as an impaired loan and is considered impaired until maturity regardless of whether the borrower performs under the terms of the loan. The Company also processes minor modifications on a number of loans through traditional collections actions taken in the normal course of servicing delinquent accounts. Minor modifications resulting in an insignificant delay in the timing of payments are not considered economic concessions and therefore are not classified as TDRs. Impairment on loan modifications is measured on an individual loan level basis, generally using a discounted cash flow model. When certain characteristics of the modified loan cast substantial doubt on the borrower’s ability to repay the loan, the Company identifies the loan as collateral dependent and charges-off the amount of the modified loan balance in excess of the estimated current value of the underlying property less estimated selling costs. Collateral dependent TDRs are identified based on the terms of the modification, which includes assigning a higher level of risk to loans in which the LTV or CLTV is greater than 110% or 125% , respectively, a borrower’s credit score is less than 600 and certain types of modifications, such as interest-only payments. TDRs that are not identified as higher risk using this risk assessment process and for which impairment is measured using a discounted cash flow model, continue to be evaluated in the event that they become higher risk collateral dependent TDRs. TDRs, excluding loans in bankruptcy, are classified as nonperforming loans at the time of modification. Such TDRs return to accrual status after six consecutive payments are made in accordance with the modified terms. Accruing TDRs that subsequently become delinquent will immediately return to nonaccrual status. Bankruptcy loans are classified as nonperforming loans within 60 days of bankruptcy notification and remain on nonaccrual status regardless of the payment history.
Nonperforming loans (policy)	Nonperforming Loans —The Company classifies loans as nonperforming when they are no longer accruing interest, which includes loans that are 90 days and greater past due, TDRs that are on nonaccrual status for all classes of loans (including loans in bankruptcy) and certain junior liens that have a delinquent senior lien. Interest previously accrued, but not collected, is reversed against current income when a loan is placed on nonaccrual status. Interest payments received on nonperforming loans are recognized on a cash basis in interest income until it is doubtful that full payment will be collected, at which point payments are applied to principal. The recognition of deferred fees or costs on originated loans and premiums or discounts on purchased loans in interest income is discontinued for nonperforming loans. Nonperforming loans, excluding TDRs, loans in bankruptcy and certain junior liens that have a delinquent senior lien, return to accrual status when the loan becomes less than 90 days past due. Loans modified as TDRs return to accrual status after six consecutive payments have been made in accordance with the modified terms. All bankruptcy loans remain on nonaccrual status regardless of the payment history. Certain junior liens that have a delinquent senior lien remain on nonaccrual status until certain performance criteria are met.
Allowance for loan losses (policy)	Allowance for Loan Losses —The allowance for loan losses is management’s estimate of probable losses inherent in the loan portfolio as of the balance sheet date. In determining the adequacy of the allowance, the Company performs ongoing evaluations of the loan portfolio and loss forecasting assumptions. The allowance for loan losses is typically equal to management’s forecast of loan losses in the 18 months following the balance sheet date as well as the forecasted losses, including economic concessions to borrowers, over the estimated remaining life of loans modified as TDRs. The quantitative allowance methodology also includes the identification of higher risk mortgage loans and the period of our forecasted loan losses captured within the general allowance includes the total probable loss over the remaining life of these loans. As of December 31, 2016, the allowance for loan losses was $221 million on $3.8 billion of total loans receivable designated as held-for-investment. For loans that are not TDRs, the Company established a general allowance and evaluated the adequacy of the allowance for loan losses by loan portfolio segment: one- to four-family, home equity and consumer. The estimate of the allowance for loan losses continues to be based on a variety of quantitative and qualitative factors, including: • The composition and quality of the portfolio • Delinquency levels and trends • Current and historical charge-off and loss experience • The Company's historical loss mitigation experience • The condition of the real estate market and geographic concentrations within the loan portfolio • The interest rate climate • The overall availability of housing credit • General economic conditions The general allowance for loan losses also included a qualitative component to account for a variety of factors that present additional uncertainty that may not be fully considered in the quantitative loss model but are factors the Company believes may impact the level of credit losses. The Company utilizes a qualitative factor framework whereby, on a quarterly basis, management assesses the risk associated with three primary sets of factors: external factors, internal factors, and portfolio specific factors. The uncertainty related to these factors may expand over time, temporarily increasing the qualitative component in advance of the more precise identification of these probable losses being captured within the quantitative component of the general allowance. The total qualitative component was $6 million and $13 million as of December 31, 2016 and 2015, respectively.
Property and equipment, net (policy)	Property and Equipment, Net —Property and equipment are carried at cost and depreciated on a straight-line basis over their estimated useful lives, generally three to seven years . Leasehold improvements are depreciated over the lesser of their estimated useful lives or lease terms. An impairment loss is recognized if the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The costs of internally developed software that qualify for capitalization are included in the property and equipment, net line item. For qualifying internal-use software costs, capitalization begins when the conceptual formulation, design and testing of possible software project alternatives are complete and management authorizes and commits to funding the project. The Company does not capitalize pilot projects and projects where it believes that future economic benefits are less than probable. Technology development costs incurred in the development and enhancement of software used in connection with services provided by the Company that do not otherwise qualify for capitalization treatment are expensed as incurred. Completed projects are carried at cost and are amortized on a straight-line basis over their estimated useful lives of four years .
Goodwill and other intangibles, net (policy)	Goodwill and Other Intangibles, Net —Goodwill is acquired through business combinations and represents the excess of the purchase price over the fair value of net tangible assets and identifiable intangible assets. The Company evaluates goodwill for impairment on an annual basis as of November 30 and in interim periods when events or changes indicate the carrying value may not be recoverable. The Company has the option of performing a qualitative assessment of goodwill to determine whether it is more likely than not that the fair value of its equity is less than the carrying value. If it is more likely than not that the fair value exceeds the carrying value, then no further testing is necessary; otherwise, the Company must perform a two-step quantitative assessment of goodwill. The Company may elect to bypass the qualitative assessment and proceed directly to performing a two-step quantitative assessment. The Company currently does not have any intangible assets with indefinite lives other than goodwill. The Company evaluates intangible assets with finite lives for impairment on an annual basis or when events or changes indicate the carrying value may not be recoverable. The Company also evaluates the remaining useful lives of intangible assets with finite lives each reporting period to determine whether events and circumstances warrant a revision to the remaining period of amortization. For additional information on goodwill and other intangibles, net, see Note 11—Goodwill and Other Intangibles, Net .
Real estate owned and repossessed assets (policy)	Real Estate Owned and Repossessed Assets —Real estate owned and repossessed assets are included in the other assets line item in the consolidated balance sheet. Real estate owned represents real estate acquired through foreclosure and also includes those properties acquired through a deed in lieu of foreclosure or similar legal agreement. Both real estate owned and repossessed assets are carried at the lower of carrying value or fair value, less estimated selling costs.
Equity, cost method and other investments (Policy)	Equity Method, Cost Method and Other Investments —The Company’s equity method, cost method and other investments are generally limited liability investments in partnerships, companies and other similar entities, including tax credit partnerships and community development entities, that are not required to be consolidated. These investments are reported in the other assets line item in the consolidated balance sheet. Under the equity method, the Company recognizes its share of the investee’s net income or loss in the gains (losses) on securities and other, net line item in the consolidated statement of income. The Company’s other investments include those accounted for using the proportional amortization method, whereby the initial cost of the investment is amortized in proportion to the tax credits and other tax benefits received and the net investment performance is recognized in the consolidated statement of income as a component of income tax expense. The Company recognizes a liability for all legally binding unfunded equity commitments to the investees in the other liabilities line item in the consolidated balance sheet. The Company evaluates its equity and cost method investments for impairment when events or changes indicate the carrying value may not be recoverable. If the impairment is determined to be other-than-temporary, the Company will recognize an impairment loss in the gains (losses) on securities and other, net line item equal to the difference between the expected realizable value and the carrying value of the investment. The Company is a member of, and owns capital stock in, the FHLB system. The FHLB provides the Company with reserve credit capacity and authorizes advances based on the security of pledged home mortgages and other assets (principally securities that are obligations of, or guaranteed by, the U.S. Government) provided the Company meets certain creditworthiness standards. As a condition of its membership in the FHLB, the Company is required to maintain a FHLB stock investment which was $15 million at December 31, 2016 and December 31, 2015. The Company accounts for its investment in FHLB stock as a cost method investment. FHLB advances, included in the other borrowings line item, are a wholesale funding source of E*TRADE Bank.
Income taxes (policy)	Income Taxes —Deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax purposes. Deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect. Valuation allowances for deferred tax assets are established if it is determined, based on evaluation of available evidence at the time the determination is made, that it is more likely than not that some or all of the deferred tax assets will not be realized. Income tax expense (benefit) includes (1) deferred tax expense (benefit), which generally represents the net change in the deferred tax asset or liability balance during the year plus any change in valuation allowances, and (2) current tax expense (benefit), which represents the amount of tax currently payable to or receivable from a taxing authority. Uncertain tax positions are only recognized to the extent it is more likely than not that the uncertain tax position will be sustained upon examination. For uncertain tax positions, a tax benefit is recognized for cases in which it is more than fifty percent likely of being sustained on ultimate settlement. For additional information on income taxes, see Note 16—Income Taxes .
Customer payables (policy)	Customer Payables —Customer payables represent credit balances in customer accounts arising from deposits of funds and sales of securities and other funds pending completion of securities transactions. Customer payables primarily represent customer cash contained within the Company’s broker-dealer subsidiaries. The Company pays interest on certain customer payables balances.
Other Borrowings (policy)	Other Borrowings —Other borrowings includes securities sold under agreements to repurchase, FHLB advances, borrowings from lines of credit and TRUPs. Securities sold under agreements to repurchase the same or similar securities, also known as repurchase agreements, are collateralized by fixed- and variable-rate mortgage-backed securities or investment grade securities. Repurchase agreements are treated as secured borrowings for financial statement purposes and the obligations to repurchase securities sold are therefore reflected as liabilities in the consolidated balance sheet.
Comprehensive income (policy)	Comprehensive Income —The Company’s comprehensive income is composed of net income, the noncredit portion of OTTI on debt securities, unrealized gains (losses) on available-for-sale securities, the effective portion of the unrealized gains (losses) on derivatives in cash flow hedge relationships and foreign currency translation gains (losses), net of reclassification adjustments and related tax.
Derivative instruments and hedging activities (policy)	Derivative Instruments and Hedging Activities —The Company enters into derivative transactions primarily to protect against interest rate risk on the value of certain assets, liabilities and future cash flows. Each derivative instrument is recorded on the consolidated balance sheet at fair value as a freestanding asset or liability. For financial statement purposes, the Company’s policy is to not offset fair value amounts recognized for derivative instruments and fair value amounts related to collateral arrangements under master netting arrangements. Accounting for derivatives differs significantly depending on whether a derivative is designated as a hedge based on the applicable accounting guidance and, if designated as a hedge, the type of hedge designation. Derivative instruments designated in hedging relationships that mitigate the exposure to the variability in expected future cash flows or other forecasted transactions are considered cash flow hedges. Derivative instruments in hedging relationships that mitigate exposure to changes in the fair value of assets or liabilities are considered fair value hedges. In order to qualify for hedge accounting, the Company formally documents at inception all relationships between hedging instruments and hedged items and the risk management objective and strategy for each hedge transaction. Cash flow and fair value hedge ineffectiveness is measured on a quarterly basis and is included in the gains (losses) on securities and other, net line item in the consolidated statement of income. Cash flows from derivative instruments in hedging relationships are classified in the same category on the consolidated statement of cash flows as the cash flows from the items being hedged. The Company also recognizes certain contracts and commitments as derivatives when the characteristics of those contracts and commitments meet the definition of a derivative. Gains and losses on derivatives that are not held as accounting hedges are recognized in the gains (losses) on securities and other, net line item in the consolidated statement of income. For additional information on derivative instruments and hedging activities, see Note 9—Derivative Instruments and Hedging Activities .
Fair value (policy)	Fair Value —Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company determines the fair value for its financial instruments and for nonfinancial assets and nonfinancial liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis. In addition, the Company determines the fair value for nonfinancial assets and nonfinancial liabilities on a nonrecurring basis as required during impairment testing or by other accounting guidance. For additional information on fair value, see Note 5—Fair Value Disclosures .
Interest income (policy)	Interest Income —Interest income is recognized as earned through holding interest-earning assets, such as loans, available-for-sale securities, held-to-maturity securities, margin receivables, cash and equivalents, segregated cash, and from securities lending activities. Interest income also includes the impact of the Company’s derivative transactions related to interest-earning assets.
Interest expense (policy)	Interest Expense —Interest expense is recognized as incurred through holding interest-bearing liabilities, such as deposits, customer payables, securities sold under agreements to repurchase, FHLB advances, corporate debt and from securities lending activities. Interest expense also includes the impact of the Company’s derivative transactions related to interest-bearing liabilities.
Commissions (policy)	Commissions —Commissions are derived from the Company’s customers and are impacted by both trade type and trade mix. Commissions from securities transactions are recognized on a trade-date basis.
Fees and service charges (policy)	Fees and Service Charges —Fees and service charges consist of order flow revenue, mutual fund service fees, advisor management fees, foreign exchange revenue, reorganization fees and other fees and service charges. Fees and service charges also includes revenue earned on customer cash held by third parties.
Principal transactions (policy)	Principal Transactions —Principal transactions consisted of revenue from market making activities. The Company completed the sale of its market making business on February 10, 2014 and therefore no longer records revenue from principal transactions. The sale of the market making business resulted in a gain of $4 million which was recorded in the restructuring and acquisition-related activities line item on the consolidated statement of income.
Gains (losses) on securities and other, net (policy)	Gains (Losses) on Securities and Other, Net —Gains (losses) on securities and other, net includes the reclassification of deferred losses on cash flow hedges; gains or losses resulting from the sale of available-for-sale securities; gains or losses resulting from sales of loans; hedge ineffectiveness; and gains or losses on derivative instruments that are not accounted for as hedging instruments. Gains or losses resulting from the sale of available-for-sale securities are recognized at the trade-date, based on the difference between the anticipated proceeds and the amortized cost of the specific securities sold.
Other-than-temporary impairment (OTTI) (policy)	OTTI —The Company considers OTTI for an available-for-sale or held-to-maturity debt security to have occurred if one of the following conditions are met: the Company intends to sell the impaired debt security; it is more likely than not that the Company will be required to sell the impaired debt security before recovery of the security’s amortized cost basis; or the Company does not expect to recover the entire amortized cost basis of the security. The Company’s evaluation of whether it intends to sell an impaired debt security considers whether management has decided to sell the security as of the balance sheet date. The Company’s evaluation of whether it is more likely than not that the Company will be required to sell an impaired debt security before recovery of the security’s amortized cost basis considers the likelihood of sales that involve legal, regulatory or operational requirements. For impaired debt securities that the Company does not intend to sell and it is not more likely than not that the Company will be required to sell before recovery of the security’s amortized cost basis, the Company uses both qualitative and quantitative valuation measures to evaluate whether the Company expects to recover the entire amortized cost basis of the security. The Company considers all available information relevant to the collectability of the security, including credit enhancements, security structure, vintage, credit ratings and other relevant collateral characteristics. If the Company intends to sell an impaired debt security or if it is more likely than not that the Company will be required to sell the impaired debt security before recovery of the security’s amortized cost basis, the Company will recognize OTTI in earnings equal to the entire difference between the security’s amortized cost basis and the security’s fair value. If the Company does not intend to sell the impaired debt security and it is not more likely than not that the Company will be required to sell the impaired debt security before recovery of its amortized cost basis but the Company does not expect to recover the entire amortized cost basis of the security, the Company will separate OTTI into two components: 1) the amount related to credit loss, recognized in earnings; and 2) the noncredit portion of OTTI, recognized through other comprehensive income. The Company considers OTTI for an available-for-sale equity security to have occurred if the decline in the security’s fair value below its cost basis is deemed other than temporary based on evaluation of both qualitative and quantitative valuation measures. If the impairment of an available-for-sale equity security is determined to be other-than-temporary, the Company will recognize OTTI in earnings equal to the entire difference between the security’s amortized cost basis and the security’s fair value. If the Company intends to sell an impaired equity security and the Company does not expect to recover the entire cost basis of the security prior to the sale, the Company will recognize OTTI in the period the decision to sell is made.
Other revenues (policy)	Other Revenues —Other revenues primarily consist of fees from software and services for managing equity compensation plans, which are recognized in accordance with software revenue recognition accounting guidance.
Share-based payments (policy)	Share-Based Payments —In 2015, the Company adopted and the shareholders approved the 2015 Omnibus Incentive Plan (2015 Plan), which replaced the 2005 Stock Incentive Plan (2005 Plan). The 2015 Plan provides the Company the ability to grant equity awards to officers, directors, employees and consultants, including, but not limited to, nonqualified or incentive stock options, restricted stock awards and restricted stock units at a price determined by the Board on the date of the grant. The Company typically issues new shares upon exercise of stock options and vesting of other equity awards and intends to continue doing so. Through 2011, the Company issued options to directors and to certain of the Company's officers and employees. Options generally vest ratably over a two - to four -year period from the date of grant and expire within seven to ten years from the date of grant. Certain options provide for accelerated vesting upon a change of control. Exercise prices are equal to the fair value of the shares on the grant date. As of December 31, 2016, there were 0.1 million options outstanding and no unrecognized compensation expense related to non-vested stock options. The Company issues restricted stock awards and deferred restricted stock units to directors and restricted stock units to certain of the Company's officers and employees. Each restricted stock unit can be converted into one share of the Company’s common stock upon vesting. These shares of restricted stock and restricted stock units are issued at the fair value on the date of grant and vest ratably over the requisite service period, generally one to four years. Beginning in 2015, the Company also issued performance share units to certain of the Company’s officers. Each performance share unit can be converted into one share of the Company’s common stock upon vesting. Vesting of performance share units is contingent upon achievement of certain predefined individual and Company performance targets over the performance period. These performance share units are issued at the fair value on the date of grant and vest on a graded basis over the requisite service period, which is one to two years . As of December 31, 2016, there were 3.1 million restricted stock awards and units outstanding and $43 million of total unrecognized compensation expense related to non-vested restricted stock awards. This cost is expected to be recognized over a weighted-average period of 1.7 years . As of December 31, 2016, there were also 0.1 million performance share units outstanding. The total fair value of restricted stock awards, restricted stock units and performance share units vested was $48 million , $28 million and $34 million for the years ended December 31, 2016, 2015 and 2014, respectively. The Company recognized $30 million , $34 million and $24 million in expense for its options, restricted stock awards, restricted stock units and performance share units for the years ended December 31, 2016, 2015 and 2014, respectively. Under the 2015 Plan, the remaining unissued authorized shares of the 2005 Plan that are not subject to outstanding awards thereunder were authorized for issuance. Additionally, any shares that had been awarded but remained unissued under the 2005 Plan that were subsequently canceled, forfeited, or reacquired by the Company would be authorized for issuance under the 2015 Plan. As of December 31, 2016, 10 million shares were available for grant under the 2015 Plan. The Company records share-based compensation expense in accordance with the stock compensation accounting guidance. The Company recognizes compensation expense at the grant date fair value of a share-based payment award over the requisite service period less estimated forfeitures. Compensation expense for performance share units is also adjusted based on the Company’s estimated outcome of meeting the performance conditions. Share-based compensation expense is generally included in the compensation and benefits line item.
Advertising and market development (policy)	Advertising and Market Development —Advertising and market development includes production and placement of advertisements as well as client promotion costs. Advertising production costs are expensed when the initial advertisement is run.
Earnings per share (policy)	Earnings Per Share —Basic earnings per share is computed by dividing net income available to common shareholders by the weighted-average common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company excludes from the calculation of diluted earnings per share stock options, unvested restricted stock awards and units, unvested performance share units and shares related to convertible debentures that would have been anti-dilutive.
New accounting and disclosure guidance (policy)	New Accounting and Disclosure Guidance —Below is the new accounting and disclosure guidance that relates to activities in which the Company is engaged. Adoption of New Accounting Standards Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern In August 2014, the FASB amended the guidance related to an entity’s evaluations and disclosures of going concern uncertainties. The new guidance requires management to perform interim and annual assessments of the entity’s ability to continue as a going concern within one year of the date the financial statements are issued, and to provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The Company adopted the amended guidance for annual and interim periods beginning on January 1, 2016. The adoption of the amended guidance did not impact the Company’s financial condition, results of operations or cash flows. Consolidation In February 2015, the FASB amended the guidance on consolidation of certain legal entities. The amended guidance modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership, and clarifies how to determine whether a group of equity holders has power over an entity. The Company adopted the amended guidance for annual and interim periods beginning on January 1, 2016 on a modified retrospective basis. The adoption of the amended guidance did not impact the Company’s financial condition, results of operations or cash flows. Accounting for Customer Fees Paid in a Cloud Computing Arrangement In April 2015, the FASB amended the accounting guidance on customer fees paid in a cloud computing arrangement. The amended guidance requires that internal-use software accessed by a customer in cloud computing arrangements be accounted for as software licenses if specific criteria are met; otherwise they should be accounted for as service contracts. The Company adopted the amended guidance for annual and interim periods beginning on January 1, 2016 on a prospective basis. The adoption of the amended guidance did not impact the Company’s financial condition, results of operations or cash flows. New Accounting Standards Not Yet Adopted Revenue Recognition on Contracts with Customers In May 2014, the FASB amended the guidance on revenue recognition on contracts with customers. The new standard outlines a single comprehensive model for entities to apply in accounting for revenue arising from contracts with customers. The Company's accounting for net interest income is not expected to be impacted by the new standard. The FASB issued supplemental amendments to the new standard to clarify certain accounting guidance and provide narrow scope improvements and practical expedients during 2016. The amended guidance will be effective for annual and interim periods beginning on January 1, 2018 for the Company and may be applied on either a full retrospective or modified retrospective basis. The Company is currently evaluating the impact of the new accounting guidance and expects to complete this evaluation in 2017. The adoption of the amended revenue recognition guidance is not expected to have a material impact on the Company’s financial condition, results of operations or cash flows as the satisfaction of performance obligations under the new guidance is expected to be materially consistent with the Company's existing revenue recognition policies. The Company is also evaluating the impact of the amended accounting guidance on the accounting for incremental costs of obtaining contracts and on additional disclosure requirements. Classification and Measurement of Financial Instruments In January 2016, the FASB amended the accounting and disclosure guidance on the classification and measurement of financial instruments. Relevant changes in the amended guidance include the requirement that equity investments, excluding those accounted for under the equity method of accounting or those resulting in consolidation of the investee, be measured at fair value in the consolidated balance sheet with changes in fair value recognized in net income. For disclosure purposes, the Company will no longer be required to disclose the methods and significant assumptions used to estimate fair value for financial instruments measured at amortized cost in the consolidated balance sheet. The amended guidance will be effective for interim and annual periods beginning on January 1, 2018 for the Company and is required to be applied on a modified retrospective basis by means of a cumulative-effect adjustment to the consolidated balance sheet on that date. The Company is currently evaluating the impact of the new accounting guidance; however, the adoption is not expected to have a material impact on the Company’s financial condition, results of operations or cash flows as debt securities represent the majority of the Company's investment portfolio. Accounting for Leases In February 2016, the FASB amended the guidance on accounting for leases. The new standard requires lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by all qualifying leases with terms of more than twelve months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains substantially unchanged and depends on classification as a finance or operating lease. The new standard also requires quantitative and qualitative disclosures that provide information about the amounts related to leasing arrangements recorded in the financial statements. The new guidance will be effective for interim and annual periods beginning on January 1, 2019 for the Company and is required to be applied on a modified retrospective basis to the earliest period presented, which includes practical expedient options in certain circumstances. The Company is currently evaluating the impact of the new accounting guidance on the Company's financial condition, results of operations and cash flows; however, the Company's business model of providing services through digital platforms and via phone and online channels in addition to 30 regional branches may limit the impact of the amended lease accounting guidance to the Company's financial condition. Accounting for Employee Share-Based Payments In March 2016, the FASB amended the accounting guidance on employee shared-based payments. Relevant changes in the amended guidance include the requirement to recognize all excess tax benefits and deficiencies upon exercise or vesting as income tax expense or benefit in the consolidated statement of income; to treat excess tax benefits and deficiencies as discrete items in the reporting period they occur; to not delay recognition of excess tax benefits until the tax benefit is realized through a reduction in current taxes payable; and to make an accounting policy election to either estimate forfeitures or account for forfeiture as they occur. The Company adopted the amended accounting guidance as of January 1, 2017 and recognized an insignificant cumulative-effect adjustment to equity as of the beginning of the period. Forfeitures will continue to be estimated consistent with the Company's existing accounting policies. The impact to the Company's financial condition, results of operations and cash flows will vary based on, among other factors, the market price of the Company's common stock. Accounting for Credit Losses In June 2016, the FASB amended the accounting guidance on accounting for credit losses. The amended guidance requires measurement of all expected credit losses for financial instruments and other commitments to extend credit held at the reporting date. For financial assets measured at amortized cost, factors such as historical experience, current conditions, and reasonable and supportable forecasts will be used to estimate expected credit losses. The amended guidance will also change the manner in which credit losses are recognized on debt securities classified as available-for-sale. The new guidance will be effective for interim and annual periods beginning January 1, 2020 for the Company. Early adoption is permitted. The Company is currently evaluating the impact of the new accounting guidance on the Company's financial condition, results of operations and cash flows; however, given the recent performance of the Company's run-off legacy loan portfolio and the credit profile of the current investment securities portfolio, the Company does not expect this amended accounting guidance to have as significant of an impact as it could have if the Company were originating or purchasing loans. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB amended the guidance on the presentation and classification of certain cash receipts and cash payments in the statement of cash flows to eliminate current diversity in practice. The new guidance will be effective for interim and annual periods beginning January 1, 2018 for the Company and must be applied using a retrospective transition method to each period presented. Early adoption is permitted. The Company does not expect the amended accounting guidance to have a significant impact on its consolidated statement of cash flows. Classification of Restricted Cash In November 2016, the FASB amended the guidance on the presentation and classification of changes in restricted cash in the statement of cash flows to eliminate current diversity in practice. The amended guidance requires the statement of cash flows to explain the change during the period in the total cash, cash equivalents, and amounts generally described as restricted cash and restricted cash equivalents. The guidance will be effective for interim and annual periods beginning January 1, 2018 for the Company and must be applied using a retrospective transition method to each period presented. Early adoption is permitted. The Company is currently evaluating the impact of the new presentation and classification guidance. Clarifying the Definition of a Business In January 2017, the FASB issued guidance to clarify the definition of a business in order to assist companies in the evaluation of whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amended guidance also removes the existing evaluation of a market participant's ability to replace missing elements and narrows the definition of output to achieve consistency with other topics. The guidance will be effective for interim and annual periods beginning January 1, 2018 for the Company and must be applied prospectively. Early adoption is permitted. Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued guidance to simplify the test for goodwill impairment by eliminating Step 2 from the goodwill impairment test. The amended guidance requires the Company to perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized at the amount by which the carrying amount exceeds the fair value of the reporting unit; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Income tax effects resulting from any tax deductible goodwill should be considered when measuring the goodwill impairment loss, if applicable. The Company will still have the option to perform a qualitative assessment to conclude whether it is more likely than not that the carrying amount of the Company exceeds its fair value. The guidance will be effective for interim and annual periods beginning January 1, 2020 for the Company and must be applied prospectively. Early adoption is permitted.

Business Acquisition (Tables)

Business Acquisition (Tables)	12 Months Ended
	Dec. 31, 2016
Business Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the allocation of the purchase price to the net assets of OptionsHouse as of September 12, 2016 (dollars in millions): September 12, 2016 Purchase price $ 725 Purchased cash adjustment 26 Working capital adjustment (2 ) Total cash consideration paid $ 749 Fair value of net assets acquired $ 171 Goodwill $ 578
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (dollars in millions): September 12, 2016 Assets Cash and equivalents $ 26 Identifiable intangible assets 169 Property and equipment 6 Other assets 12 Total assets acquired $ 213 Liabilities Deferred tax liabilities, net $ 31 Accrued expenses and other liabilities 11 Total liabilities assumed $ 42 Net assets acquired $ 171
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The following table summarizes the estimated fair value and estimated useful lives of the intangible assets (dollars in millions): Estimated Fair Value Estimated Useful Life (In Years) Customer relationships $ 118 14 Technology 48 7 Trade name 3 2 Total intangible assets $ 169

Restructuring and Acquisition33

Restructuring and Acquisition-Related Activities (Tables)	12 Months Ended
	Dec. 31, 2016
Restructuring and Acquisition-Related Activities [Abstract]
Restructuring and Related Costs	The following table shows the components of restructuring and acquisition-related activities expense (dollars in millions): Year Ended December 31, 2016 2015 2014 Restructuring activities $ 28 $ 17 $ 8 Acquisition-related costs 7 — — Total restructuring and acquisition-related activities $ 35 $ 17 $ 8

Interest Income and Interest 34

Interest Income and Interest Expense (Tables)	12 Months Ended
	Dec. 31, 2016
Interest Income and Interest Expense Disclosure [Abstract]
Interest Income and Interest Expense Disclosure	The following table shows the components of interest income and interest expense (dollars in millions): Year Ended December 31, 2016 2015 2014 Interest income: Cash and equivalents $ 7 $ 3 $ 2 Cash required to be segregated under federal or other regulation 6 1 1 Available-for-sale securities 266 244 288 Held-to-maturity securities 425 346 328 Margin receivables 249 276 264 Loans 191 230 297 Broker-related receivables and other 1 3 3 Subtotal interest income 1,145 1,103 1,183 Other interest revenue (1) 88 112 96 Total interest income (2) 1,233 1,215 1,279 Interest expense: Deposits (3 ) (4 ) (8 ) Customer payables (5 ) (5 ) (8 ) Other borrowings (3) (18 ) (117 ) (188 ) Corporate debt (54 ) (59 ) (113 ) Subtotal interest expense (80 ) (185 ) (317 ) Other interest expense (4) (5 ) (9 ) (1 ) Total interest expense (5) (85 ) (194 ) (318 ) Net interest income (6) $ 1,148 $ 1,021 $ 961 (1) Represents interest income on securities loaned. (2) Interest income reflects $(35) million , $ (42) million , and $(31) million recognized on hedges that qualify for hedge accounting for the years ended December 31, 2016, 2015, and 2014, respectively. (3) In September 2015, the Company terminated $4.4 billion of legacy wholesale funding obligations. (4) Represents interest expense on securities borrowed. (5) Interest expense reflects none , $(74) million , and $(132) million recognized on hedges that qualify for hedge accounting for the years ended December 31, 2016, 2015, and 2014, respectively. (6) Beginning in 2016, interest expense related to corporate debt and interest income related to corporate cash are presented within net interest income. Prior periods have been reclassified to conform with current period presentation.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Inputs, Assets, Quantitative Information	The following table presents additional information about significant unobservable inputs used in the valuation of assets measured at fair value on a nonrecurring basis that were categorized in Level 3 of the fair value hierarchy at December 31, 2016 and 2015 : Unobservable Inputs Average Range December 31, 2016 Loans receivable: One- to four-family Appraised value $ 408,100 $50,000-$1,490,000 Home equity Appraised value $ 312,000 $6,000-$2,500,000 Real estate owned Appraised value $ 342,300 $21,500-$1,800,000 December 31, 2015 Loans receivable: One- to four-family Appraised value $ 422,900 $8,500-$1,900,000 Home equity Appraised value $ 274,100 $9,000-$1,300,000 Real estate owned Appraised value $ 330,700 $26,500-$1,250,000
Fair Value Measurements, Recurring and Nonrecurring	Assets and liabilities measured at fair value at December 31, 2016 and 2015 are summarized in the following tables (dollars in millions): Level 1 Level 2 Level 3 Total Fair Value December 31, 2016: Recurring fair value measurements: Assets Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ — $ 12,634 $ — $ 12,634 Agency debentures — 788 — 788 U.S. Treasuries — 407 — 407 Agency debt securities — 24 — 24 Municipal bonds — 32 — 32 Total debt securities — 13,885 — 13,885 Publicly traded equity securities 7 — — 7 Total available-for-sale securities 7 13,885 — 13,892 Other assets: Derivative assets (1) — 165 — 165 Total assets measured at fair value on a recurring basis (2) $ 7 $ 14,050 $ — $ 14,057 Liabilities Derivative liabilities (1) $ — $ 31 $ — $ 31 Total liabilities measured at fair value on a recurring basis (2) $ — $ 31 $ — $ 31 Nonrecurring fair value measurements: Loans receivable: One- to four-family $ — $ — $ 25 $ 25 Home equity — — 21 21 Total loans receivable — — 46 46 Real estate owned — — 35 35 Total assets measured at fair value on a nonrecurring basis (3) $ — $ — $ 81 $ 81 (1) All derivative assets and liabilities were interest rate contracts at December 31, 2016 . Information related to derivative instruments is detailed in Note 9—Derivative Instruments and Hedging Activities . (2) Assets and liabilities measured at fair value on a recurring basis represented 29% and less than 1% of the Company’s total assets and total liabilities, respectively, at December 31, 2016 . (3) Represents the fair value of assets prior to deducting estimated selling costs that were carried on the consolidated balance sheet at December 31, 2016 , and for which a fair value measurement was recorded during the period. Level 1 Level 2 Level 3 Total Fair Value December 31, 2015: Recurring fair value measurements: Assets Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ — $ 11,763 $ — $ 11,763 Agency debentures — 557 — 557 U.S. Treasuries — 143 — 143 Agency debt securities — 55 — 55 Municipal bonds — 35 — 35 Corporate bonds — 4 — 4 Total debt securities — 12,557 — 12,557 Publicly traded equity securities 32 — — 32 Total available-for-sale securities 32 12,557 — 12,589 Other assets: Derivative assets (1) — 10 — 10 Total assets measured at fair value on a recurring basis (2) $ 32 $ 12,567 $ — $ 12,599 Liabilities Derivative liabilities (1) $ — $ 55 $ — $ 55 Total liabilities measured at fair value on a recurring basis (2) $ — $ 55 $ — $ 55 Nonrecurring fair value measurements: Loans receivable: One- to four-family $ — $ — $ 41 $ 41 Home equity — — 22 22 Total loans receivable — — 63 63 Real estate owned — — 26 26 Total assets measured at fair value on a nonrecurring basis (3) $ — $ — $ 89 $ 89 (1) All derivative assets and liabilities were interest rate contracts at December 31, 2015 . Information related to derivative instruments is detailed in Note 9—Derivative Instruments and Hedging Activities . (2) Assets and liabilities measured at fair value on a recurring basis represented 28% and less than 1% of the Company’s total assets and total liabilities, respectively, at December 31, 2015 . (3) Represents the fair value of assets prior to deducting estimated selling costs that were carried on the consolidated balance sheet at December 31, 2015 , and for which a fair value measurement was recorded during the period.
Gains and Losses, Fair Value Measurements, Nonrecurring	The following table presents gains and losses recognized on assets measured at fair value on a nonrecurring basis during the years ended December 31, 2016 , 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 One- to four-family $ 4 $ 7 $ 10 Home equity 12 14 30 Total losses on loans receivable measured at fair value $ 16 $ 21 $ 40 Losses (gains) on real estate owned measured at fair value $ — $ — $ (2 )
Fair Value, by Balance Sheet Grouping	The following table summarizes the carrying values, fair values and fair value hierarchy level classification of financial instruments that are not carried at fair value on the consolidated balance sheet at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 Carrying Value Level 1 Level 2 Level 3 Total Fair Value Assets Cash and equivalents $ 1,950 $ 1,950 $ — $ — $ 1,950 Cash required to be segregated under federal or other regulations $ 1,460 $ 1,460 $ — $ — $ 1,460 Held-to-maturity securities: Agency mortgage-backed securities $ 12,868 $ — $ 12,839 $ — $ 12,839 Agency debentures 29 — 29 — 29 Agency debt securities 2,854 — 2,848 — 2,848 Total held-to-maturity securities $ 15,751 $ — $ 15,716 $ — $ 15,716 Margin receivables $ 6,731 $ — $ 6,731 $ — $ 6,731 Loans receivable, net: One- to four-family $ 1,918 $ — $ — $ 1,942 $ 1,942 Home equity 1,385 — — 1,311 1,311 Consumer 248 — — 249 249 Total loans receivable, net (1) $ 3,551 $ — $ — $ 3,502 $ 3,502 Receivables from brokers, dealers and clearing organizations $ 1,056 $ — $ 1,056 $ — $ 1,056 Liabilities Deposits $ 31,682 $ — $ 31,681 $ — $ 31,681 Customer payables $ 8,159 $ — $ 8,159 $ — $ 8,159 Payables to brokers, dealers and clearing organizations $ 983 $ — $ 983 $ — $ 983 Trust preferred securities $ 409 $ — $ — $ 288 $ 288 Corporate debt $ 994 $ — $ 1,050 $ — $ 1,050 (1) The carrying value of loans receivable, net includes the allowance for loan losses of $221 million and loans that are recorded at fair value on a nonrecurring basis at December 31, 2016 . December 31, 2015 Carrying Value Level 1 Level 2 Level 3 Total Fair Value Assets Cash and equivalents $ 2,233 $ 2,233 $ — $ — $ 2,233 Cash required to be segregated under federal or other regulations $ 1,057 $ 1,057 $ — $ — $ 1,057 Held-to-maturity securities: Agency mortgage-backed securities $ 10,353 $ — $ 10,444 $ — $ 10,444 Agency debentures 127 — 125 — 125 Agency debt securities 2,523 — 2,544 — 2,544 Other non-agency debt securities 10 — — 10 10 Total held-to-maturity securities $ 13,013 $ — $ 13,113 $ 10 $ 13,123 Margin receivables $ 7,398 $ — $ 7,398 $ — $ 7,398 Loans receivable, net: One- to four-family $ 2,465 $ — $ — $ 2,409 $ 2,409 Home equity 1,810 — — 1,660 1,660 Consumer 338 — — 343 343 Total loans receivable, net (1) $ 4,613 $ — $ — $ 4,412 $ 4,412 Receivables from brokers, dealers and clearing organizations $ 520 $ — $ 520 $ — $ 520 Liabilities Deposits $ 29,445 $ — $ 29,444 $ — $ 29,444 Customer Payables $ 6,544 $ — $ 6,544 $ — $ 6,544 Payables to brokers, dealers and clearing organizations $ 1,576 $ — $ 1,576 $ — $ 1,576 Other borrowings: Securities sold under agreements to repurchase $ 82 $ — $ 82 $ — $ 82 Trust preferred securities 409 — — 252 252 Total other borrowings $ 491 $ — $ 82 $ 252 $ 334 Corporate debt $ 997 $ — $ 1,055 $ — $ 1,055 (1) The carrying value of loans receivable, net includes the allowance for loan losses of $353 million and loans that are recorded at fair value on a nonrecurring basis at December 31, 2015 .

Offsetting Assets and Liabili36

Offsetting Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Offsetting Assets and Liabilities [Abstract]
Offsetting Assets and Liabilities [Table Text Block]	The following table presents information about these transactions to enable the users of the Company’s financial statements to evaluate the potential effect of rights of set-off between these recognized assets and recognized liabilities at December 31, 2016 and 2015 (dollars in millions): Gross Amounts Not Offset in the Consolidated Balance Sheet Gross Amounts of Recognized Assets and Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts Presented in the Consolidated Balance Sheet (1) Financial Instruments Collateral Received or Pledged (Including Cash) Net Amount December 31, 2016 Assets: Deposits paid for securities borrowed (2) $ 774 $ — $ 774 $ (192 ) $ (560 ) $ 22 Total $ 774 $ — $ 774 $ (192 ) $ (560 ) $ 22 Liabilities: Deposits received for securities loaned (3) $ 926 $ — $ 926 $ (192 ) $ (661 ) $ 73 Derivative liabilities (4)(5) 6 — 6 — (6 ) — Total $ 932 $ — $ 932 $ (192 ) $ (667 ) $ 73 December 31, 2015 Assets: Deposits paid for securities borrowed (2) $ 120 $ — $ 120 $ (94 ) $ (18 ) $ 8 Total $ 120 $ — $ 120 $ (94 ) $ (18 ) $ 8 Liabilities: Deposits received for securities loaned (3) $ 1,535 $ — $ 1,535 $ (94 ) $ (1,314 ) $ 127 Repurchase agreements (5) 82 — 82 — (81 ) 1 Derivative liabilities (4)(5) 11 — 11 — (11 ) — Total $ 1,628 $ — $ 1,628 $ (94 ) $ (1,406 ) $ 128 (1) Net amount of deposits paid for securities borrowed are reflected in the receivables from brokers, dealers and clearing organizations line item in the consolidated balance sheet. Net amount of deposits received for securities loaned, repurchase agreements and derivative liabilities are reflected in the payables to brokers, dealers and clearing organizations, other borrowings and other liabilities line items in the consolidated balance sheet, respectively. (2) Included in the gross amounts of deposits paid for securities borrowed was $307 million and $34 million at December 31, 2016 and 2015, respectively, transacted through a program with a clearing organization, which guarantees the return of cash to the Company. For presentation purposes, these amounts presented are based on the counterparties under the Company’s master securities loan agreements. (3) Included in the gross amounts of deposits received for securities loaned was $546 million and $722 million at December 31, 2016 and 2015, respectively, transacted through a program with a clearing organization, which guarantees the return of securities to the Company. For presentation purposes, these amounts presented are based on the counterparties under the Company’s master securities loan agreements. (4) Excludes net accrued interest payable of $2 million and $3 million at December 31, 2016 and 2015, respectively. (5) The collateral pledged included held-to-maturity securities at amortized cost for December 31, 2016 and available-for-sale securities at fair value for December 31, 2015 .

Available-for-Sale and Held-t37

Available-for-Sale and Held-to-Maturity Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments Securities	The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31, 2016 and 2015 are shown in the following tables (dollars in millions): Amortized Cost Gross Unrealized / Unrecognized Gains Gross Unrealized / Unrecognized Losses Fair Value December 31, 2016: Available-for-sale securities: (1) Debt securities: Agency mortgage-backed securities $ 12,946 $ 24 $ (336 ) $ 12,634 Agency debentures 791 18 (21 ) 788 U.S. Treasuries 452 — (45 ) 407 Agency debt securities 25 — (1 ) 24 Municipal bonds 32 — — 32 Total debt securities 14,246 42 (403 ) 13,885 Publicly traded equity securities (2) 7 — — 7 Total available-for-sale securities $ 14,253 $ 42 $ (403 ) $ 13,892 Held-to-maturity securities: (1) Agency mortgage-backed securities $ 12,868 $ 123 $ (152 ) $ 12,839 Agency debentures 29 — — 29 Agency debt securities 2,854 26 (32 ) 2,848 Total held-to-maturity securities $ 15,751 $ 149 $ (184 ) $ 15,716 December 31, 2015: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 11,888 $ 41 $ (166 ) $ 11,763 Agency debentures 551 18 (12 ) 557 U.S. Treasuries 147 — (4 ) 143 Agency debt securities 55 — — 55 Municipal bonds 35 — — 35 Corporate bonds 5 — (1 ) 4 Total debt securities 12,681 59 (183 ) 12,557 Publicly traded equity securities (2) 33 — (1 ) 32 Total available-for-sale securities $ 12,714 $ 59 $ (184 ) $ 12,589 Held-to-maturity securities: Agency mortgage-backed securities $ 10,353 $ 149 $ (58 ) $ 10,444 Agency debentures 127 — (2 ) 125 Agency debt securities 2,523 34 (13 ) 2,544 Other non-agency debt securities 10 — — 10 Total held-to-maturity securities $ 13,013 $ 183 $ (73 ) $ 13,123 (1) Securities with a fair value of approximately $492 million were transferred from available-for-sale securities to held-to-maturity securities during the year ended December 31, 2016 pursuant to an evaluation of our investment strategy and an assessment by management about our intent and ability to hold those particular securities until maturity. See Note 17—Shareholders' Equity for information on the impact to accumulated other comprehensive income. (2) Consists of investments in a mutual fund related to the Community Reinvestment Act.
Investments Classified by Contractual Maturity Date	The contractual maturities of all available-for-sale and held-to-maturity debt securities at December 31, 2016 are shown in the following table (dollars in millions): Amortized Cost Fair Value Available-for-sale debt securities: Due within one year $ — $ — Due within one to five years 11 11 Due within five to ten years 4,690 4,530 Due after ten years 9,545 9,344 Total available-for-sale debt securities $ 14,246 $ 13,885 Held-to-maturity debt securities: Due within one year $ — $ — Due within one to five years 1,430 1,468 Due within five to ten years 4,598 4,590 Due after ten years 9,723 9,658 Total held-to-maturity debt securities $ 15,751 $ 15,716
Schedule of Unrealized Loss on Investments	The following tables show the fair value and unrealized or unrecognized losses on available-for-sale and held-to-maturity securities, aggregated by investment category, and the length of time that individual securities have been in a continuous unrealized or unrecognized loss position at December 31, 2016 and 2015 (dollars in millions): Less than 12 Months 12 Months or More Total Fair Value Unrealized / Unrecognized Losses Fair Value Unrealized / Unrecognized Losses Fair Value Unrealized / Unrecognized Losses December 31, 2016: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 9,281 $ (279 ) $ 1,620 $ (57 ) $ 10,901 $ (336 ) Agency debentures 454 (21 ) — — 454 (21 ) U.S. Treasuries 407 (45 ) — — 407 (45 ) Agency debt securities 24 (1 ) — — 24 (1 ) Municipal bonds 13 — — — 13 — Publicly traded equity securities 7 — — — 7 — Total temporarily impaired available-for-sale securities $ 10,186 $ (346 ) $ 1,620 $ (57 ) $ 11,806 $ (403 ) Held-to-maturity securities: Agency mortgage-backed securities $ 5,929 $ (123 ) $ 1,272 $ (29 ) $ 7,201 $ (152 ) Agency debentures 18 — — — 18 — Agency debt securities 1,739 (32 ) 18 — 1,757 (32 ) Total temporarily impaired held-to-maturity securities $ 7,686 $ (155 ) $ 1,290 $ (29 ) $ 8,976 $ (184 ) December 31, 2015: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 6,832 $ (88 ) $ 2,496 $ (78 ) $ 9,328 $ (166 ) Agency debentures 329 (12 ) 9 — 338 (12 ) U.S. Treasuries 143 (4 ) — — 143 (4 ) Agency debt securities 55 — — — 55 — Municipal bonds — — 15 — 15 — Corporate bonds — — 4 (1 ) 4 (1 ) Publicly traded equity securities 32 (1 ) — — 32 (1 ) Total temporarily impaired available-for-sale securities $ 7,391 $ (105 ) $ 2,524 $ (79 ) $ 9,915 $ (184 ) Held-to-maturity securities: Agency mortgage-backed securities $ 2,807 $ (25 ) $ 1,495 $ (33 ) $ 4,302 $ (58 ) Agency debentures 114 (2 ) — — 114 (2 ) Agency debt securities 1,006 (10 ) 134 (3 ) 1,140 (13 ) Total temporarily impaired held-to-maturity securities $ 3,927 $ (37 ) $ 1,629 $ (36 ) $ 5,556 $ (73 )
Gains (Losses) on Securities and Other, Net	The following table shows the components of the gains (losses) on securities and other, net line items on the consolidated statement of income for the years ended December 31, 2016 , 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Reclassification of deferred losses on cash flow hedges $ — $ (370 ) $ — Gains on available-for-sale securities, net: Gains on available-for-sale securities 54 58 42 Losses on available-for-sale securities (1 ) (20 ) — Subtotal 53 38 42 Hedge ineffectiveness (6 ) (1 ) (10 ) Equity method investment income (loss) and other (5 ) 9 7 Gains (losses) on securities and other, net $ 42 $ (324 ) $ 39

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]
Total Loans Receivable, Net [Table Text Block]	Loans receivable, net at December 31, 2016 and 2015 are summarized as follows (dollars in millions): December 31, 2016 2015 One- to four-family $ 1,950 $ 2,488 Home equity 1,556 2,114 Consumer 250 341 Total loans receivable 3,756 4,943 Unamortized premiums, net 16 23 Allowance for loan losses (221 ) (353 ) Total loans receivable, net $ 3,551 $ 4,613
Loans Receivable, Allowance for Loan Losses	The following table presents the total recorded investment in loans receivable and allowance for loan losses by loans that have been collectively evaluated for impairment and those that have been individually evaluated for impairment by loan class at December 31, 2016 and 2015 (dollars in millions): Recorded Investment Allowance for Loan Losses December 31, December 31, 2016 2015 2016 2015 Collectively evaluated for impairment: One- to four-family $ 1,717 $ 2,219 $ 38 $ 31 Home equity 1,361 1,915 120 255 Consumer 253 344 5 6 Total collectively evaluated for impairment 3,331 4,478 163 292 Individually evaluated for impairment: One- to four-family 246 286 7 9 Home equity 195 202 51 52 Total individually evaluated for impairment 441 488 58 61 Total $ 3,772 $ 4,966 $ 221 $ 353 The following table provides a roll forward by loan portfolio of the allowance for loan losses for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 40 $ 307 $ 6 $ 353 Provision (benefit) for loan losses (2 ) (148 ) 1 (149 ) Charge-offs (1 ) (17 ) (7 ) (25 ) Recoveries 8 29 5 42 Net (charge-offs) recoveries 7 12 (2 ) 17 Allowance for loan losses, end of period $ 45 $ 171 $ 5 $ 221 Year Ended December 31, 2015 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 27 $ 367 $ 10 $ 404 Provision (benefit) for loan losses 15 (55 ) — (40 ) Charge-offs (2 ) (31 ) (11 ) (44 ) Recoveries — 26 7 33 Net (charge-offs) recoveries (2 ) (5 ) (4 ) (11 ) Allowance for loan losses, end of period $ 40 $ 307 $ 6 $ 353 Year Ended December 31, 2014 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 102 $ 326 $ 25 $ 453 Provision (benefit) for loan losses (42 ) 82 (4 ) 36 Charge-offs (44 ) (65 ) (17 ) (126 ) Recoveries 11 24 6 41 Net (charge-offs) recoveries (33 ) (41 ) (11 ) (85 ) Allowance for loan losses, end of period $ 27 $ 367 $ 10 $ 404
Credit Quality Indicators for Loan Portfolio	The following tables show the distribution of the Company’s mortgage loan portfolios by credit quality indicator at December 31, 2016 and 2015 (dollars in millions): One- to Four-Family Home Equity December 31, December 31, Current LTV/CLTV (1) 2016 2015 2016 2015 <=80% $ 1,308 $ 1,519 $ 686 $ 843 80%-100% 413 609 414 549 100%-120% 143 227 274 420 >120% 86 133 182 302 Total mortgage loans receivable $ 1,950 $ 2,488 $ 1,556 $ 2,114 Average estimated current LTV/CLTV (2) 73 % 77 % 87 % 90 % Average LTV/CLTV at loan origination (3) 71 % 71 % 81 % 81 % (1) Current CLTV calculations for home equity loans are based on the maximum available line for HELOCs and outstanding principal balance for home equity installment loans. For home equity loans in the second lien position, the original balance of the first lien loan at origination date and updated valuations on the property underlying the loan are used to calculate CLTV. Current property value estimates are updated on a quarterly basis. (2) The average estimated current LTV/CLTV ratio reflects the outstanding balance at the balance sheet date and the maximum available line for HELOCs, divided by the estimated current value of the underlying property. (3) Average LTV/CLTV at loan origination calculations are based on LTV/CLTV at time of purchase for one- to four-family purchased loans and home equity installment loans and maximum available line for HELOCs. One- to Four-Family Home Equity December 31, December 31, Current FICO (1) 2016 2015 2016 2015 >=720 $ 1,121 $ 1,423 $ 778 $ 1,069 719 - 700 179 246 156 222 699 - 680 153 198 141 183 679 - 660 121 150 117 152 659 - 620 154 198 149 203 <620 222 273 215 285 Total mortgage loans receivable $ 1,950 $ 2,488 $ 1,556 $ 2,114 (1) FICO scores are updated on a quarterly basis; however, there were approximately $28 million and $39 million of one- to four-family loans at December 31, 2016 and 2015, respectively, and $2 million and $3 million of home equity loans at December 31, 2016 and 2015, respectively, for which the updated FICO scores were not available. For these loans, the current FICO distribution included the most recent FICO scores where available, otherwise the original FICO score was used.
Concentration of Credit Risk	The following table outlines when one- to four-family and HELOCs convert to amortizing by percentage of the one- to four-family portfolio and HELOC portfolios, respectively, at December 31, 2016 : Period of Conversion to Amortizing Loan % of One- to Four-Family Portfolio % of Home Equity Line of Credit Portfolio Already amortizing 76% 85% Year ending December 31, 2017 24% 14% Year ending December 31, 2018 or later —% 1%
Loans by Delinquency Category and Non-Performing Loans	The following table shows the comparative data for nonperforming loans at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 2015 One- to four-family $ 215 $ 263 Home equity 136 154 Consumer 1 1 Total nonperforming loans receivable $ 352 $ 418 The following table shows total loans receivable by delinquency category at December 31, 2016 and 2015 (dollars in millions): Current 30-89 Days Delinquent 90-179 Days Delinquent 180+ Days Delinquent Total December 31, 2016 One- to four-family $ 1,774 $ 67 $ 23 $ 86 $ 1,950 Home equity 1,442 43 18 53 1,556 Consumer 245 4 1 — 250 Total loans receivable $ 3,461 $ 114 $ 42 $ 139 $ 3,756 December 31, 2015 One- to four-family $ 2,279 $ 72 $ 26 $ 111 $ 2,488 Home equity 1,978 52 31 53 2,114 Consumer 334 6 1 — 341 Total loans receivable $ 4,591 $ 130 $ 58 $ 164 $ 4,943
Impaired Financing Receivables	The following table shows the average recorded investment and interest income recognized both on a cash and accrual basis for the Company’s TDRs during the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Average Recorded Investment Interest Income Recognized December 31, December 31, 2016 2015 2014 2016 2015 2014 One- to four-family $ 269 $ 303 $ 576 $ 11 $ 9 $ 16 Home equity 204 213 227 17 17 18 Total $ 473 $ 516 $ 803 $ 28 $ 26 $ 34 The following table shows detailed information related to the Company’s TDRs at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 December 31, 2015 Recorded Investment in TDRs Specific Valuation Allowance Net Investment in TDRs Recorded Investment in TDRs Specific Valuation Allowance Net Investment in TDRs With a recorded allowance: One- to four-family $ 61 $ 7 $ 54 $ 72 $ 9 $ 63 Home equity $ 111 $ 51 $ 60 $ 111 $ 52 $ 59 Without a recorded allowance: (1) One- to four-family $ 185 $ — $ 185 $ 214 $ — $ 214 Home equity $ 84 $ — $ 84 $ 91 $ — $ 91 Total: One- to four-family $ 246 $ 7 $ 239 $ 286 $ 9 $ 277 Home equity $ 195 $ 51 $ 144 $ 202 $ 52 $ 150 (1) Represents loans where the discounted cash flow analysis or collateral value is equal to or exceeds the recorded investment in the loan. The following table shows a summary of the Company’s recorded investment in TDRs that were on accrual and nonaccrual status, further disaggregated by delinquency status, in addition to the recorded investment in TDRs at December 31, 2016 and 2015 (dollars in millions): Nonaccrual TDRs Accrual TDRs (1) Current (2) 30-89 Days Delinquent 90-179 Days Delinquent 180+ Days Delinquent Total Recorded Investment in TDRs (3)(4) December 31, 2016 One- to four-family $ 97 $ 90 $ 16 $ 8 $ 35 $ 246 Home equity 119 41 10 4 21 195 Total $ 216 $ 131 $ 26 $ 12 $ 56 $ 441 December 31, 2015 One- to four-family $ 106 $ 106 $ 19 $ 8 $ 47 $ 286 Home equity 120 42 11 8 21 202 Total $ 226 $ 148 $ 30 $ 16 $ 68 $ 488 (1) Represents loans modified as TDRs that are current and have made six or more consecutive payments. (2) Represents loans modified as TDRs that are current but have not yet made six consecutive payments, bankruptcy loans and certain junior lien TDRs that have a delinquent senior lien. (3) The unpaid principal balance in one- to four-family TDRs was $243 million and $283 million at December 31, 2016 and 2015, respectively. For home equity loans, the recorded investment in TDRs represents the unpaid principal balance. (4) Total recorded investment in TDRs at December 31, 2016 consisted of $316 million of loans modified as TDRs and $125 million of loans that have been charged off due to bankruptcy notification. Total recorded investment in TDRs at December 31, 2015 consisted of $334 million of loans modified as TDRs and $154 million of loans that have been charged off due to bankruptcy notification.
Troubled Debt Restructurings - Modifications	The following table shows loans modified as TDRs by delinquency category at December 31, 2016 and 2015 (dollars in millions): Modifications Current Modifications 30-89 Days Delinquent Modifications 90-179 Days Delinquent Modifications 180+ Days Delinquent Total Recorded Investment in Modifications (1) December 31, 2016 One- to four-family $ 127 $ 8 $ 4 $ 14 $ 153 Home equity 141 8 3 11 163 Total $ 268 $ 16 $ 7 $ 25 $ 316 December 31, 2015 One- to four-family $ 138 $ 11 $ 5 $ 16 $ 170 Home equity 139 8 6 11 164 Total $ 277 $ 19 $ 11 $ 27 $ 334 (1) Includes loans modified as TDRs that also had received a bankruptcy notification of $44 million and $42 million at December 31, 2016 and 2015, respectively. The following table shows the recorded investment in modifications that experienced a payment default within 12 months after the modification for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Number of Loans Recorded Investment Number of Loans Recorded Investment Number of Loans Recorded One- to four-family (1) 20 $ 6 7 $ 3 27 $ 9 Home equity (2)(3) 63 5 90 5 55 3 Total 83 $ 11 97 $ 8 82 $ 12 (1) For the years ended December 31, 2016, 2015, and 2014, $1 million , less than $1 million and $1 million , respectively, of the recorded investment in one- to four-family loans had a payment default in the trailing 12 months that was classified as current. (2) For the years ended December 31, 2016, 2015, and 2014, $2 million , $3 million and $1 million , respectively, of the recorded investment in home equity loans had a payment default in the trailing 12 months that was classified as current. (3) The majority of these home equity modifications during the year ended December 31, 2015 experienced servicer transfers during this same period. The following tables provide the number of loans and post-modification balances immediately after being modified by major class during the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 Interest Rate Reduction Number of Loans Principal Principal Deferred Re-age/ Extension/ Interest Capitalization Other with Other (1) Total One- to four-family 47 $ 1 $ — $ 8 $ 2 $ 7 $ 18 Home equity 518 — — 8 3 25 36 Total 565 $ 1 $ — $ 16 $ 5 $ 32 $ 54 Year Ended December 31, 2015 Interest Rate Reduction Number of Principal Principal Deferred Re-age/ Other with Other (1) Total One- to four-family 34 $ — $ 1 $ 9 $ — $ 3 $ 13 Home equity 367 — — 3 2 19 24 Total 401 $ — $ 1 $ 12 $ 2 $ 22 $ 37 Year Ended December 31, 2014 Interest Rate Reduction Number of Principal Principal Deferred Re-age/ Other with Other Total One- to four-family 64 $ 1 $ — $ 11 $ 2 $ 6 $ 20 Home equity 195 — — 4 2 9 15 Total 259 $ 1 $ — $ 15 $ 4 $ 15 $ 35 (1) Includes TDRs that resulted from a loan modification program being offered to a subset of borrowers with HELOCs whose original loan terms provided the borrowers the option to accelerate their date of conversion to amortizing loans. As certain terms of the Company's offer represented economic concessions, such as longer amortization periods than were in the original loan agreements, to certain borrowers experiencing financial difficulty, this program resulted in $15 million and $14 million of TDRs during the years ended December 31, 2016 and 2015, respectively. The following table shows loans modified as TDRs and the specific valuation allowance by loan portfolio as well as the percentage of total expected losses at December 31, 2016 and 2015 (dollars in millions): Recorded Investment in Modifications before Charge-offs Charge-offs Recorded Investment in Modifications Specific Valuation Allowance Net Investment in Modifications Specific Valuation Allowance as a % of Modifications Total Expected Losses December 31, 2016 One- to four-family $ 198 $ (45 ) $ 153 $ (7 ) $ 146 4 % 26 % Home equity 271 (108 ) 163 (51 ) 112 31 % 59 % Total $ 469 $ (153 ) $ 316 $ (58 ) $ 258 18 % 45 % December 31, 2015 One- to four-family $ 216 $ (46 ) $ 170 $ (9 ) $ 161 5 % 25 % Home equity 284 (120 ) 164 (52 ) 112 32 % 61 % Total $ 500 $ (166 ) $ 334 $ (61 ) $ 273 18 % 45 %

Derivative Instruments and He39

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Fair Value Amounts of Derivatives Designated as Hedging Instruments	The following table summarizes the fair value of derivatives as reported in the consolidated balance sheet at December 31, 2016 and 2015 (dollars in millions): Fair Value Notional Asset (1) Liability (2) Net (3) December 31, 2016 Interest rate contracts: Fair value hedges $ 3,862 $ 165 $ (31 ) $ 134 Total derivatives designated as hedging instruments (4) $ 3,862 $ 165 $ (31 ) $ 134 December 31, 2015 Interest rate contracts: Fair value hedges $ 2,204 $ 10 $ (55 ) $ (45 ) Total derivatives designated as hedging instruments (4) $ 2,204 $ 10 $ (55 ) $ (45 ) (1) Reflected in the other assets line item on the consolidated balance sheet. (2) Reflected in the other liabilities line item on the consolidated balance sheet. (3) Represents net fair value of derivative instruments for disclosure purposes only. (4) All derivatives were designated as hedging instruments at December 31, 2016 and 2015
Fair Value Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Effect of Derivatives designated as Fair Value Hedges and Related Hedged Items	The following table summarizes the effect of interest rate contracts designated as fair value hedges and related hedged items on the consolidated statement of income for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Agency debentures $ 28 $ (32 ) $ (4 ) $ (3 ) $ 3 $ — Agency mortgage-backed securities 42 (44 ) (2 ) (4 ) 3 (1 ) Total gains (losses) included in earnings $ 70 $ (76 ) $ (6 ) $ (7 ) $ 6 $ (1 ) Year Ended December 31, 2014 Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Agency debentures $ (100 ) $ 91 $ (9 ) Agency mortgage-backed securities (33 ) 32 (1 ) Total gains (losses) included in earnings $ (133 ) $ 123 $ (10 ) (1) Reflected in the gains (losses) on securities and other, net line item on the consolidated statement of income .

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and equipment, net consisted of the following assets at December 31, 2016 and 2015 (dollars in millions): December 31, 2016 December 31, 2015 Gross Amount Accumulated Depreciation and Amortization Net Amount Gross Amount Accumulated Depreciation and Amortization Net Amount Software $ 449 $ (355 ) $ 94 $ 468 $ (388 ) $ 80 Leasehold improvements 119 (97 ) 22 116 (91 ) 25 Equipment 133 (92 ) 41 127 (84 ) 43 Buildings 72 (30 ) 42 72 (28 ) 44 Furniture and fixtures 19 (17 ) 2 22 (20 ) 2 Land 3 — 3 3 — 3 Construction in progress (1) 35 — 35 39 — 39 Total $ 830 $ (591 ) $ 239 $ 847 $ (611 ) $ 236 (1) Construction in progress includes software in the process of development of $22 million at both December 31, 2016 and 2015
Schedule of Sale Leaseback Transactions	The obligation for future minimum lease payments and minimum sublease proceeds to be received under this lease is as follows (dollars in millions): Obligation for Minimum Lease Payments Minimum Sublease Proceeds Years ending December 31, 2017 $ 4 $ (3 ) 2018 5 (3 ) 2019 5 (3 ) 2020 5 (3 ) 2021 5 (3 ) Thereafter 14 (3 ) Total $ 38 $ (18 )

Goodwill and Other Intangible41

Goodwill and Other Intangibles, Net (Table)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The following table outlines the Company's other intangible assets with finite lives (dollars in millions): December 31, 2016 Weighted Average Weighted Average Remaining Useful Life (Years) Gross Amount Accumulated Amortization Net Amount Customer relationships 18 11 553 (281 ) 272 Technology 7 7 48 (2 ) 46 Trade name 2 2 3 (1 ) 2 Total $ 604 $ (284 ) $ 320 December 31, 2015 Weighted Average Weighted Average Remaining Useful Life (Years) Gross Amount Accumulated Amortization Net Amount Customer relationships 20 10 $ 435 $ (261 ) $ 174
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Assuming no future impairments of other intangibles or additional acquisitions or dispositions, the following table presents the Company's future annual amortization expense (dollars in millions): Years ending December 31, 2017 $ 36 2018 40 2019 39 2020 37 2021 35 Thereafter 133 Total future amortization expense $ 320

Receivables from and Payables42

Receivables from and Payables to Brokers, Dealers and Clearing Organizations (Tables)	12 Months Ended
	Dec. 31, 2016
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Schedule of Due to (from) Broker-Dealers and Clearing Organizations [Table Text Block]	Receivables from and payables to brokers, dealers and clearing organizations consist of the following (in millions): December 31, 2016 2015 Receivables: Securities borrowed $ 774 $ 120 Receivables from clearing organizations 231 341 Other 51 59 Total $ 1,056 $ 520 Payables: Securities loaned $ 926 $ 1,535 Payables to clearing organizations 7 8 Other 50 33 Total $ 983 $ 1,576

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
Schedule Of Deposits By Type	Deposits are summarized as follows (dollars in millions): Amount Weighted-Average Rate December 31, December 31, 2016 2015 2016 2015 Sweep deposits $ 26,362 $ 24,018 0.01 % 0.01 % Savings deposits 3,185 3,357 0.01 % 0.01 % Other deposits (1) 2,135 2,070 0.03 % 0.03 % Total deposits (2) $ 31,682 $ 29,445 0.01 % 0.01 % (1) Includes checking deposits, money market and time deposits. (2) As of December 31, 2016 and 2015 , the Company had $177 million and $173 million in non-interest bearing deposits, respectively.

Other Borrowings (Tables)

Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2016
Other Borrowings Disclosure [Abstract]
Schedule Of Maturities Summary Of Other Borrowings	Other borrowings at December 31, 2016 and 2015 are summarized as follows (dollars in millions): December 31, 2016 2015 Trust preferred securities (1) $ 409 $ 409 Repurchase agreements (2) — 82 Total other borrowings $ 409 $ 491 (1) The Company's TRUPs begin maturing in 2031 . (2) The maximum amount at any month end for repurchase agreements was $3.8 billion for the year ended December 31, 2015 .
Schedule Of Outstanding Trusts	The face values of outstanding trusts at December 31, 2016 are shown below (dollars in millions): Trusts Face Value Maturity Date Annual Interest Rate ETBH Capital Trust I 20 2031 3.75% above 6-month LIBOR ETBH Capital Trust V, VI, VIII 51 2032 3.25%-3.65% above 3-month LIBOR ETBH Capital Trust VII, IX—XII 65 2033 3.00%-3.30% above 3-month LIBOR ETBH Capital Trust XIII—XVIII, XX 77 2034 2.45%-2.90% above 3-month LIBOR ETBH Capital Trust XIX, XXI, XXII 60 2035 2.20%-2.40% above 3-month LIBOR ETBH Capital Trust XXIII—XXIV 45 2036 2.10% above 3-month LIBOR ETBH Capital Trust XXV—XXX 96 2037 1.90%-2.00% above 3-month LIBOR Total $ 414

Corporate Debt (Tables)

Corporate Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Corporate Debt Instruments	Corporate debt at December 31, 2016 and 2015 is outlined in the following table (dollars in millions): Face Value Discount Net December 31, 2016 Interest-bearing notes: 5 3 / 8 % Notes, due 2022 $ 540 $ (5 ) $ 535 4 5 / 8 % Notes, due 2023 460 (4 ) 456 Total interest-bearing notes 1,000 (9 ) 991 Non-interest-bearing debt: 0% Convertible debentures, due 2019 3 — 3 Total corporate debt $ 1,003 $ (9 ) $ 994 December 31, 2015 Interest-bearing notes: 5 3 / 8 % Notes, due 2022 $ 540 $ (6 ) $ 534 4 5 / 8 % Notes, due 2023 460 (5 ) 455 Total interest-bearing notes 1,000 (11 ) 989 Non-interest-bearing debt: 0% Convertible debentures, due 2019 8 — 8 Total corporate debt $ 1,008 $ (11 ) $ 997
Schedule of Maturities of Corporate Debt [Table Text Block]	Scheduled principal payments of corporate debt at December 31, 2016 were as follows (dollars in millions): Years ending December 31, 2017 $ — 2018 — 2019 3 2020 — 2021 — Thereafter 1,000 Total future principal payments of corporate debt 1,003 Unamortized discount (9 ) Total corporate debt $ 994

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) for the years ended December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Year Ended December 31, 2016 2015 2014 Current income tax expense (benefit): Federal $ — $ (5 ) $ — State 3 (5 ) 4 Foreign 2 5 — Total current 5 (5 ) 4 Deferred income tax expense (benefit): Federal 285 (145 ) 152 State (10 ) (31 ) 3 Foreign — — — Total deferred 275 (176 ) 155 Non-current income tax expense (1) 6 4 — Income tax expense (benefit) $ 286 $ (177 ) $ 159 (1) Non-current income tax expense primarily relates to amortization for investments in qualified affordable housing projects recognized under the proportional amortization method.
Schedule of Income before Income Tax, Domestic and Foreign	The following table presents the components of income before income tax expense (benefit) for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Domestic $ 845 $ 84 $ 438 Foreign (7 ) 7 14 Income before income tax expense (benefit) $ 838 $ 91 $ 452
Summary of Income Tax Contingencies	The following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the Company operates: Jurisdiction Open Tax Years Hong Kong 2010-2016 United Kingdom 2014-2016 United States 2013-2016 Various states (1) 2008-2016 (1) Major state tax jurisdictions include California, Georgia, Illinois, New Jersey, New York and Virginia. The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2016, 2015, and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Unrecognized tax benefits, beginning of period $ 29 $ 330 $ 333 Additions based on tax positions related to prior years 1 5 12 Additions based on tax positions related to current year 4 2 — Reductions based on tax positions related to prior years (3 ) (304 ) (14 ) Settlements with taxing authorities (1 ) (3 ) — Statute of limitations lapses (2 ) (1 ) (1 ) Unrecognized tax benefits, end of period $ 28 $ 29 $ 330
Schedule of Deferred Tax Assets and Liabilities	The temporary differences and tax carryforwards that created deferred tax assets and deferred tax liabilities at December 31, 2016 and 2015 are summarized in the following table (dollars in millions): December 31, 2016 2015 Deferred tax assets: Net operating losses $ 676 $ 782 Reserves and allowances, net 335 482 Mark to market 160 158 Deferred compensation 43 44 Tax credits 55 44 Basis differences in investments 14 10 Other 26 28 Total deferred tax assets 1,309 1,548 Valuation allowance (35 ) (82 ) Total deferred tax assets, net of valuation allowance 1,274 1,466 Deferred tax liabilities: Depreciation and amortization (518 ) (433 ) Total deferred tax liabilities (518 ) (433 ) Net deferred tax assets, net $ 756 $ 1,033
Schedule of Effective Income Tax Rate Reconciliation	The effective tax rate differed from the federal statutory rate as summarized in the following table for the years ended December 31, 2016, 2015 and 2014: Year Ended December 31, 2016 2015 2014 Federal statutory rate 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 3.9 0.2 2.0 Difference between statutory rate and foreign effective tax rate 0.2 (2.4 ) (1.0 ) Tax exempt income (0.1 ) (0.5 ) (0.1 ) Disallowed executive compensation 0.2 6.5 0.6 Change in valuation allowances (5.5 ) 0.1 2.2 Tax credits (0.7 ) (3.8 ) (0.6 ) Estimated reserve for uncertain tax positions 0.1 4.7 (0.3 ) Deferred tax adjustments 1.3 3.5 (3.4 ) Tax on undistributed earnings and profits in certain foreign subsidiaries — 3.9 1.1 Settled IRS examination — (241.5 ) — Other (0.3 ) (0.4 ) (0.3 ) Effective tax rate 34.1 % (194.7 )% 35.2 %

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Shareholders' Equity Activity	The activity in shareholders’ equity during the year ended December 31, 2016 is summarized in the following table (dollars in millions): Preferred Stock Common Stock / Additional Paid-In Capital Accumulated Deficit / Other Comprehensive Loss Total Beginning balance, December 31, 2015 $ — $ 7,359 $ (1,560 ) $ 5,799 Net income — — 552 552 Net change from available-for-sale securities — — (38 ) (38 ) Issuance of preferred stock 394 — — 394 Repurchases of common stock — (452 ) — (452 ) Other (1) — 17 — 17 Ending balance, December 31, 2016 $ 394 $ 6,924 $ (1,046 ) $ 6,272 (1) Other includes employee share-based compensation and conversions of convertible debentures.
Schedule of Accumulated Other Comprehensive Loss	The following tables present after-tax changes in each component of accumulated other comprehensive loss for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Available-for-Sale Securities (1) Cash Flow Hedging Instruments Foreign Currency Translation Total Balance, December 31, 2015 $ (101 ) $ — $ 2 $ (99 ) Other comprehensive loss before reclassifications (5 ) — — (5 ) Amounts reclassified from accumulated other comprehensive loss (33 ) — — (33 ) Net change (38 ) — — (38 ) Balance, December 31, 2016 $ (139 ) $ — $ 2 $ (137 ) (1) Includes unamortized unrealized pretax losses of approximately $8 million at December 31, 2016, related to available-for-sale securities that were transferred to held-to-maturity during the year ended December 31, 2016. See Note 7—Available-for-Sale and Held-to-Maturity Securities for additional information. Available-for-Sale Securities Cash Flow Hedging Instruments Foreign Currency Translation Total Balance, December 31, 2014 $ 7 $ (261 ) $ 5 $ (249 ) Other comprehensive loss before reclassifications (84 ) (10 ) (3 ) (97 ) Amounts reclassified from accumulated other comprehensive loss (24 ) 271 — 247 Net change (108 ) 261 (3 ) 150 Balance, December 31, 2015 $ (101 ) $ — $ 2 $ (99 ) Available-for-sale Cash Flow Foreign Total Balance, December 31, 2013 $ (160 ) $ (298 ) $ 5 $ (453 ) Other comprehensive income (loss) before reclassifications 193 (39 ) — 154 Amounts reclassified from accumulated other comprehensive loss (26 ) 76 — 50 Net change 167 37 — 204 Balance, December 31, 2014 $ 7 $ (261 ) $ 5 $ (249 )
Components of Other Comprehensive Income (Loss)	The following tables present other comprehensive income (loss) activity and the related tax effect for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Year Ended December 31, 2016 2015 2014 Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Other comprehensive income (loss) Available-for-sale securities: Unrealized gains (losses), net $ (10 ) $ 5 $ (5 ) $ (136 ) $ 52 $ (84 ) $ 310 $ (117 ) $ 193 Reclassification into earnings, net (53 ) 20 (33 ) (39 ) 15 (24 ) (42 ) 16 (26 ) Net change from available-for-sale securities (63 ) 25 (38 ) (175 ) 67 (108 ) 268 (101 ) 167 Cash flow hedging instruments: Unrealized losses, net — — — (17 ) 7 (10 ) (68 ) 29 (39 ) Reclassification into earnings, net — — — 439 (168 ) 271 125 (49 ) 76 Net change from cash flow hedging instruments — — — 422 (161 ) 261 57 (20 ) 37 Foreign currency translation losses, net — — — (3 ) — (3 ) — — — Other comprehensive income (loss) $ (63 ) $ 25 $ (38 ) $ 244 $ (94 ) $ 150 $ 325 $ (121 ) $ 204
Reclassification out of Accumulated Other Comprehensive Loss	The following table presents the consolidated statement of income line items impacted by reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2016, 2015 and 2014 (dollars in millions): Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Items in the Consolidated Statement of Income Year Ended December 31, 2016 2015 2014 Available-for-sale securities: $ 53 $ 39 $ 42 Gains (losses) on securities and other, net (20 ) (15 ) (16 ) Income tax expense $ 33 $ 24 $ 26 Reclassification into earnings, net Cash flow hedging instruments: $ — $ (370 ) $ — Gains (losses) on securities and other, net — (69 ) (125 ) Interest expense — (439 ) (125 ) Reclassification into earnings, before tax — 168 49 Income tax benefit $ — $ (271 ) $ (76 ) Reclassification into earnings, net

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following table presents a reconciliation of basic and diluted earnings per share (in millions, except share data and per share amounts): Year Ended December 31, 2016 2015 2014 Basic: Net income $ 552 $ 268 $ 293 Basic weighted-average shares outstanding (in thousands) 277,789 290,762 288,705 Basic earnings per share $ 1.99 $ 0.92 $ 1.02 Diluted: Net income $ 552 $ 268 $ 293 Basic weighted-average shares outstanding (in thousands) 277,789 290,762 288,705 Effect of dilutive securities: Weighted-average restricted stock and options issued to employees (in thousands) 872 1,429 1,399 Weighted-average convertible debentures (in thousands) 387 2,820 3,999 Diluted weighted-average shares outstanding (in thousands) 279,048 295,011 294,103 Diluted earnings per share $ 1.98 $ 0.91 $ 1.00

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2016
Regulatory Capital Requirements [Abstract]
Schedule Of Subsidiary Compliance With Regulatory Capital Requirements	The tables below summarize the minimum capital requirements and excess capital for the Company’s broker-dealer subsidiaries at December 31, 2016 and 2015 (dollars in millions): Required Net Capital Net Capital Excess Net Capital December 31, 2016: E*TRADE Securities (1)(2) $ 158 $ 969 $ 811 OptionsHouse (3) 1 22 21 Other broker-dealer — 21 21 Total $ 159 $ 1,012 $ 853 December 31, 2015: E*TRADE Clearing (2) $ 161 $ 1,007 $ 846 E*TRADE Securities (1) — 49 49 Other broker-dealers 1 15 14 Total $ 162 $ 1,071 $ 909 (1) Elected to use the Alternative method to compute required net capital. E*TRADE Securities' minimum net capital requirement was $250,000 as of December 31, 2015. (2) Effective October 1, 2016, E*TRADE Clearing was merged into E*TRADE Securities. E*TRADE Securities paid dividends of $208 million to the parent company during the year ended December 31, 2016 and $70 million in January 2017. E*TRADE Clearing paid dividends of $227 million to the parent company during the year ended December 31, 2016. (3) The Company completed the acquisition of OptionsHouse on September 12, 2016. OptionsHouse elected to use the Aggregate Indebtedness method to compute net capital; however, as OptionsHouse is an FCM, the prescribed fixed-dollar minimum capital requirement is $1 million .
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	E*TRADE Financial and E*TRADE Bank were categorized as "well capitalized" under the regulatory framework for prompt corrective action for the periods presented in the table below (dollars in millions): December 31, 2016 December 31, 2015 Actual Well Capitalized Minimum Capital Excess Capital Actual Well Capitalized Minimum Capital Excess Capital Amount Ratio Amount Ratio Amount Amount Ratio Amount Ratio Amount E*TRADE Financial (1) Tier 1 leverage $ 3,610 7.8 % $ 2,316 5.0 % $ 1,294 $ 3,747 9.0 % $ 2,093 5.0 % $ 1,654 Common equity Tier 1 capital $ 3,483 37.0 % $ 612 6.5 % $ 2,871 $ 3,747 39.3 % $ 620 6.5 % $ 3,127 Tier 1 risk-based capital $ 3,610 38.3 % $ 754 8.0 % $ 2,856 $ 3,747 39.3 % $ 763 8.0 % $ 2,984 Total risk-based capital $ 4,148 44.0 % $ 942 10.0 % $ 3,206 $ 4,186 43.9 % $ 954 10.0 % $ 3,232 December 31, 2016 December 31, 2015 Actual Well Capitalized Minimum Capital Excess Capital Actual Well Capitalized Minimum Capital Excess Capital Amount Ratio Amount Ratio Amount Amount Ratio Amount Ratio Amount E*TRADE Bank (1)(2) Tier 1 leverage $ 3,132 8.8 % $ 1,786 5.0 % $ 1,346 $ 3,075 9.7 % $ 1,579 5.0 % $ 1,496 Common equity Tier 1 capital $ 3,132 38.3 % $ 532 6.5 % $ 2,600 $ 3,075 36.5 % $ 548 6.5 % $ 2,527 Tier 1 risk-based capital $ 3,132 38.3 % $ 655 8.0 % $ 2,477 $ 3,075 36.5 % $ 674 8.0 % $ 2,401 Total risk-based capital $ 3,237 39.5 % $ 819 10.0 % $ 2,418 $ 3,185 37.8 % $ 842 10.0 % $ 2,343 (1) The Basel III final rule introduces a capital conservation buffer that limits a banking organization’s ability to make capital distributions and discretionary bonus payments to executive officers if a banking organization fails to maintain a Common Equity Tier 1 capital conservation buffer of more than 2.5% , on a fully phased-in basis, of total risk-weighted assets above each of the following minimum risk-based capital ratio requirements: Common Equity Tier 1 capital ( 4.5% ), Tier 1 ( 6.0% ), and total risk-based capital ( 8.0% ). This requirement was effective beginning on January 1, 2016, and will be fully phased-in by 2019. Certain new regulatory deductions and adjustments are subject to a phase-in period over a four year period, beginning at 40% in 2015 and fully implemented at 100% in 2018. (2) E*TRADE Bank paid dividends of $423 million to the parent company during the year ended December 31, 2016 .

Lease Arrangements (Tables)

Lease Arrangements (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments and sublease proceeds under these leases with initial or remaining terms in excess of one year, including leases associated with restructuring activities, are as follows (dollars in millions): Operating Lease Commitments Years ending December 31, 2017 $ 26 2018 27 2019 24 2020 18 2021 17 Thereafter 26 Total future minimum lease payments $ 138 Sublease proceeds (2 ) Net lease commitments $ 136

Condensed Financial Informati51

Condensed Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Condensed Statement of Comprehensive Income [Table Text Block]	CONDENSED STATEMENT OF COMPREHENSIVE INCOME (In millions) Year Ended December 31, 2016 2015 2014 Dividends from subsidiaries (1) $ 858 $ 859 $ 311 Other revenues 328 317 226 Total net revenue 1,186 1,176 537 Total non-interest expense 501 560 480 Income before income tax expense (benefit) and equity in income (loss) of consolidated subsidiaries 685 616 57 Income tax expense (benefit) 456 (287 ) (88 ) Equity in undistributed income (loss) of subsidiaries 323 (635 ) 148 Net income 552 268 293 Other comprehensive (loss) income (38 ) 150 204 Comprehensive income $ 514 $ 418 $ 497 (1) Includes $423 million , $281 million and $300 million from E*TRADE Bank for the years ended 2016, 2015 and 2014,
Condensed Balance Sheet [Table Text Block]	CONDENSED BALANCE SHEET (In millions) December 31, 2016 2015 ASSETS Cash and equivalents $ 416 $ 432 Property and equipment, net 148 156 Investment in consolidated subsidiaries (1) 6,523 5,434 Receivable from subsidiaries 38 57 Deferred tax assets, net 179 739 Other assets 153 173 Total assets $ 7,457 $ 6,991 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Corporate debt $ 994 $ 997 Other liabilities 191 195 Total liabilities 1,185 1,192 Total shareholders’ equity 6,272 5,799 Total liabilities and shareholders’ equity $ 7,457 $ 6,991 (1) Includes investment of $3,153 million and $3,181 million in E*TRADE Bank as of December 31, 2016 and 2015, respectively.
Condensed Cash Flow Statement [Table Text Block]	CONDENSED STATEMENT OF CASH FLOWS (In millions) Year Ended December 31, 2016 2015 2014 Cash flows from operating activities: Net income $ 552 $ 268 $ 293 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 48 44 38 Equity in undistributed (income) loss from subsidiaries (323 ) 635 (148 ) Losses on early extinguishment of debt — 5 6 Other 564 (163 ) (28 ) Net cash provided by operating activities 841 789 161 Cash flows from investing activities: Capital expenditures for property and equipment (36 ) (33 ) (62 ) Proceeds from sale of subsidiary — — 76 Cash contributions to subsidiaries (766 ) (147 ) (29 ) Other 16 — — Net cash used in investing activities (786 ) (180 ) (15 ) Cash flows from financing activities: Net proceeds from issuance of senior notes — 460 540 Payments on senior notes — (800 ) (940 ) Issuance of preferred stock 400 — — Repurchases of common stock (452 ) (50 ) — Other (19 ) (7 ) 68 Net cash provided by (used in) financing activities (71 ) (397 ) (332 ) Increase (decrease) in cash and equivalents (16 ) 212 (186 ) Cash and equivalents, beginning of period 432 220 406 Cash and equivalents, end of period $ 416 $ 432 $ 220

Quarterly Data (Unaudited) (Tab

Quarterly Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The information presented below reflects all adjustments, which, in the opinion of management, are of a normal and recurring nature necessary to present fairly the results of operations for the quarterly periods presented (dollars in millions, except per share amounts): 2016 2015 First Second Third Fourth First Second Third Fourth Total net revenue $ 472 $ 474 $ 486 $ 509 $ 441 $ 429 $ 61 $ 439 Net income (loss) $ 153 $ 133 $ 139 $ 127 $ 40 $ 292 $ (153 ) $ 89 Earnings (loss) per share: Basic $ 0.54 $ 0.48 $ 0.51 $ 0.46 $ 0.14 $ 1.01 $ (0.53 ) $ 0.31 Diluted $ 0.53 $ 0.48 $ 0.51 $ 0.46 $ 0.14 $ 0.99 $ (0.53 ) $ 0.30

Organization, Basis of Presen53

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Cash Equivalents [Abstract]
Overnight Cash, Federal Reserve	$ 1,100	$ 1,600
Margin Receivables Detail [Abstract]
Margin Receivables Securities Pledged as Collateral	9,800	10,100
Margin Receivables Securities Pledged To Clearing Organizations	$ 2,000	2,500
Loan and Lease Receivables, Impaired [Abstract]
Percentage of Loan To Value, For Assigning Higher Level Of Risk	110.00%
Percentage of Combined Loan To Value, For Assigning Higher Level Of Risk	125.00%
Credit Score For Assigning Higher Level Of Risk	600
Number Of Consecutive Payments For Modified Loans To Be Performing	6
Period For Bankruptcy Loans To Be Classified As Nonperforming	60 days
Loans and Leases Receivable, Other Information [Abstract]
Period Past Due Real Estate Secured Loans Place On Nonaccrual Status And Classified As Nonperforming	90 days
Period Nonperforming Loans Return To Accrual Status	90 days
Number Of Consecutive Payments For Modified Loans To Be Performing	6
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 221	353	$ 404	$ 453
Loans and Leases Receivable before Fees, Gross	3,756	4,943
Allowance For Credit Losses, Qualitative Component	6	13
Equity Method, Cost Method and Other Investments [Abstract]
Investment in FHLB Stock	$ 15	15
Principal Transactions [Abstract]
Gain (Loss) on Sale of Business			4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Abstract]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 48	28	34
Share-based compensation	$ 30	$ 34	$ 24
New Accounting Standards Not Yet Adopted [Abstract]
Number of regional branches	30
A2015Plan [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares	10,000,000
Property And Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Property And Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	4 years
One- to Four-Family and Home Equity [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Loss Emergence Period Used To Forecast Loan Losses	18 months
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	7 years
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Of Common Shares Restricted Stock Unit Can Be Converted Into | shares	1
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	3,100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Abstract]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 43
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common shares each performance share unit can be converted into | shares	1
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	100,000
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years

Business Acquisition (Details)

Business Acquisition (Details) - USD ($) $ in Millions	Sep. 12, 2016	Dec. 31, 2016	Dec. 31, 2016
Business Acquisition [Abstract]
Purchase Price	$ 725
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		$ 31
Purchased Cash Adjustment	26
Working Capital Adjustment	(2)
Total Cash Consideration Paid	749
Fair Value of Net Assets Acquired	171
Provisional Goodwill	578		$ 578
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and Equivalents	26
Identifiable intangible assets	169	$ 169	$ 169
Property and Equipment	6
Other Assets	12
Total Assets Acquired	213
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Deferred Tax Liabilities, Net	31
Accrued Expenses and Other Liabilities	11
Total Liabilities Assumed	42
Fair Value of Net Assets Acquired	171
Business Acquisition, Goodwill, Expected Tax Deductible Amount	122
Finite Lived Intangible Assets Acquired Expected Tax Deductible Amount	63
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value of Intangible Assets	169
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value of Intangible Assets	$ 118
Estimated Useful Life	14 years
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value of Intangible Assets	$ 48
Estimated Useful Life	7 years
Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value of Intangible Assets	$ 3
Estimated Useful Life	2 years

Restructuring and Acquisition55

Restructuring and Acquisition-Related Activities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring activities	$ 28	$ 17	$ 8
Acquisition-related costs	7	0	0
Total restructuring and acquisition-related activities	35	17	8
Restructuring reserve	3
Gain (Loss) on Sale of Business			$ 4
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Severance cost	28
One-time Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Severance cost		$ 6
OptionsHouse Acquisition [Member]
Restructuring Cost and Reserve [Line Items]
Acquisition-related costs	$ 7

Interest Income and Interest 56

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest income:
Cash and equivalents		$ 7	$ 3	$ 2
Cash required to be segregated under federal or other regulation		6	1	1
Available-for-sale securities		266	244	288
Held-to-maturity securities		425	346	328
Margin receivables		249	276	264
Loans		191	230	297
Broker-related receivables and other		1	3	3
Subtotal interest income		1,145	1,103	1,183
Other interest revenue(1)		88	112	96
Total interest income(2)		1,233	1,215	1,279
Interest expense:
Deposits		(3)	(4)	(8)
Customer payables		(5)	(5)	(8)
Other borrowings(3)		(18)	(117)	(188)
Corporate debt		(54)	(59)	(113)
Subtotal interest expense		(80)	(185)	(317)
Other interest expense(4)		(5)	(9)	(1)
Total interest expense(5)		(85)	(194)	(318)
Net interest income(6)		1,148	1,021	961
Termination of legacy wholesale funding obligations	$ 4,400
Hedging expense included in interest income		(35)	(42)	(31)
Hedging expense income included in interest expense		$ 0	$ (74)	$ (132)

Fair Value Disclosures (Details

Fair Value Disclosures (Details - Inputs) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Agency mortgage-backed securities [Member] | Weighted Average [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Coupon Rate	2.84%
Loans Receivable [Member] | One- To Four-Family [Member] | Weighted Average [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	$ 408,100	$ 422,900
Loans Receivable [Member] | One- To Four-Family [Member] | Maximum [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	1,490,000	1,900,000
Loans Receivable [Member] | One- To Four-Family [Member] | Minimum [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	50,000	8,500
Loans Receivable [Member] | Home Equity [Member] | Weighted Average [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	312,000	274,100
Loans Receivable [Member] | Home Equity [Member] | Maximum [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	2,500,000	1,300,000
Loans Receivable [Member] | Home Equity [Member] | Minimum [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	6,000	9,000
Real Estate Owned [Member] | Weighted Average [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	342,300	330,700
Real Estate Owned [Member] | Maximum [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	1,800,000	1,250,000
Real Estate Owned [Member] | Minimum [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	$ 21,500	$ 26,500

Fair Value Disclosures (Detai58

Fair Value Disclosures (Details - Recurring and Nonrecurring) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 13,892,000	$ 12,589,000
Assets measured at fair value on recurring basis percentage of total assets	29.00%	28.00%
Fair Value, Transfers Between Level 1 and Level 2, Description and Policy (Textuals) [Abstract]
Fair value, assets, Level 1 to Level 2 transfers, amount	$ 0	$ 0
Fair value, assets, Level 2 to Level 1 transfers, amount	0	0
Fair value, liabilities, Level 1 to Level 2 transfers, amount	0	0
Fair value, liabilities, Level 2 to Level 1 transfers, amount	$ 0	$ 0
Less than [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities measured at fair value on recurring basis percentage of total liabilities	1.00%	1.00%
Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 13,892,000	$ 12,589,000
Derivative assets	165,000	10,000
Total assets measured at fair value on a recurring basis	14,057,000	12,599,000
Derivative Liability	31,000	55,000
Total liabilities measured at fair value on a recurring basis	31,000	55,000
Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	46,000	63,000
REO	35,000	26,000
Total Assets Measured at Fair Value On A Nonrecurring Basis	81,000	89,000
Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	7,000	32,000
Total assets measured at fair value on a recurring basis	7,000	32,000
Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	13,885,000	12,557,000
Derivative assets	165,000	10,000
Total assets measured at fair value on a recurring basis	14,050,000	12,567,000
Derivative Liability	31,000	55,000
Total liabilities measured at fair value on a recurring basis	31,000	55,000
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	46,000	63,000
REO	35,000	26,000
Total Assets Measured at Fair Value On A Nonrecurring Basis	81,000	89,000
Loans Receivable [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	16,000	21,000	$ 40,000
Real Estate Owned [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	0	0	(2,000)
One- To Four-Family [Member] | Loans Receivable [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	4,000	7,000	10,000
One- To Four-Family [Member] | Loans Receivable [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	25,000	41,000
One- To Four-Family [Member] | Loans Receivable [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	25,000	41,000
Home Equity [Member] | Loans Receivable [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	12,000	14,000	$ 30,000
Home Equity [Member] | Loans Receivable [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	21,000	22,000
Home Equity [Member] | Loans Receivable [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	21,000	22,000
Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	13,885,000	12,557,000
Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	13,885,000	12,557,000
Debt Securities [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	13,885,000	12,557,000
Agency mortgage-backed securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	12,634,000	11,763,000
Agency mortgage-backed securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	12,634,000	11,763,000
Agency mortgage-backed securities [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	12,634,000	11,763,000
Agency Debentures [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	788,000	557,000
Agency Debentures [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	788,000	557,000
Agency Debentures [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	788,000	557,000
U.S. Treasuries [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	407,000	143,000
U.S. Treasuries [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	407,000	143,000
U.S. Treasuries [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	407,000	143,000
Agency Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	24,000	55,000
Agency Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	24,000	55,000
Agency Debt Securities [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	24,000	55,000
Municipal Bonds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	32,000	35,000
Municipal Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	32,000	35,000
Municipal Bonds [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	32,000	35,000
Corporate Bonds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities		4,000
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities		4,000
Corporate Bonds [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities		4,000
Equity Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	7,000	32,000
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	7,000	32,000
Equity Securities [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 7,000	$ 32,000

Fair Value Disclosures (Detai59

Fair Value Disclosures (Details - Level 3) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Level 3 recurring assets	$ 0	$ 0
Level 3 recurring liabilities	$ 0	$ 0

Fair Value Disclosures (Detai60

Fair Value Disclosures (Details - FV of Financial Instruments) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	$ 1,950	$ 2,233	$ 1,783	$ 1,838
Cash required to be segregated under federal or other regulations	1,460	1,057
Total held-to-maturity securities	15,751	13,013
Margin Receivables	6,731	7,398
Total loans receivable, net	3,551	4,613
Receivables from brokers, dealers and clearing organizations	1,056	520
Deposits	31,682	29,445
Customer Payables	8,159	6,544
Payables to brokers, dealers and clearing organizations	983	1,576
Securities sold under agreements to repurchase		82
Other borrowings	409	491
Corporate debt	994	997
Allowance for loan losses	221	353	404	453
Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	1,950	2,233
Cash required to be segregated under federal or other regulations	1,460	1,057
Total held-to-maturity securities	15,751	13,013
Margin Receivables	6,731	7,398
Total loans receivable, net	3,551	4,613
Receivables from brokers, dealers and clearing organizations	1,056	520
Deposits	31,682	29,445
Customer Payables	8,159	6,544
Payables to brokers, dealers and clearing organizations	983	1,576
Securities sold under agreements to repurchase		82
Trust preferred securities	409	409
Other borrowings		491
Corporate debt	994	997
Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	1,950	2,233
Cash required to be segregated under federal or other regulations	1,460	1,057
Total held-to-maturity securities	15,716	13,123
Margin Receivables	6,731	7,398
Total loans receivable, net	3,502	4,412
Receivables from brokers, dealers and clearing organizations	1,056	520
Deposits	31,681	29,444
Customer Payables	8,159	6,544
Payables to brokers, dealers and clearing organizations	983	1,576
Securities sold under agreements to repurchase		82
Trust preferred securities	288	252
Other borrowings		334
Corporate debt	1,050	1,055
One- To Four-Family [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Allowance for loan losses	45	40	27	102
One- To Four-Family [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,918	2,465
One- To Four-Family [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,942	2,409
Home Equity [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Allowance for loan losses	171	307	367	326
Home Equity [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,385	1,810
Home Equity [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,311	1,660
Consumer [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Allowance for loan losses	5	6	$ 10	$ 25
Consumer [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	248	338
Consumer [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	249	343
Agency mortgage-backed securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	12,868	10,353
Agency mortgage-backed securities [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	12,868	10,353
Agency mortgage-backed securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	12,839	10,444
Agency Debentures [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	29	127
Agency Debentures [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	29	127
Agency Debentures [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	29	125
Agency Debt Securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	2,854	2,523
Agency Debt Securities [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	2,854	2,523
Agency Debt Securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	$ 2,848	2,544
Other Non-Agency Debt Securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities		10
Other Non-Agency Debt Securities [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities		10
Other Non-Agency Debt Securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities		10
Unfunded Commitments to Extend Credit [Member]
Supply Commitment [Line Items]
HELOCs closed, Number of Years	9 years
Level 1 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	$ 1,950	2,233
Cash required to be segregated under federal or other regulations	1,460	1,057
Level 2 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	15,716	13,113
Margin Receivables	6,731	7,398
Receivables from brokers, dealers and clearing organizations	1,056	520
Deposits	31,681	29,444
Customer Payables	8,159	6,544
Payables to brokers, dealers and clearing organizations	983	1,576
Securities sold under agreements to repurchase		82
Other borrowings		82
Corporate debt	1,050	1,055
Level 2 [Member] | Agency mortgage-backed securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	12,839	10,444
Level 2 [Member] | Agency Debentures [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	29	125
Level 2 [Member] | Agency Debt Securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	2,848	2,544
Level 3 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	0	10
Total loans receivable, net	3,502	4,412
Trust preferred securities	288	252
Other borrowings		252
Level 3 [Member] | One- To Four-Family [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,942	2,409
Level 3 [Member] | Home Equity [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,311	1,660
Level 3 [Member] | Consumer [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	$ 249	343
Level 3 [Member] | Other Non-Agency Debt Securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities		$ 10

Offsetting Assets and Liabili61

Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Offsetting Footnotes [Abstract]
Interest Payable Excluded From Gross Amounts of Derivatives	$ 2	$ 3
Securities Borrowed, Transacted Through Clearing Company	307	34
Securities Loaned, Transacted Through Clearing Company	546	722
Derivative Asset, Not Subject to Master Netting Arrangement	165	10
Derivative Liability, Not Subject to Master Netting Arrangement	25	44
Offsetting Assets [Abstract]
Securities Borrowed, Gross	774	120
Securities Borrowed, Liability	0	0
Securities Borrowed	774	120
Securities Borrowed, Financial Instruments, Not Offset	(192)	(94)
Securities Borrowed, Collateral Received	(560)	(18)
Securities Borrowed, Amount Offset Against Collateral	22	8
(Total Offsetting Assets) Securities Borrowed, Gross	774	120
(Total Offsetting Assets) Securities Borrowed, Liability	0	0
(Total Offsetting Assets) Securities Borrowed	774	120
(Total Offsetting Assets) Securities Borrowed, Financial Instruments Not Offset	(192)	(94)
(Total Offsetting Assets) Securities Borrowed, Collateral Received	(560)	(18)
(Total Offsetting Assets) Securities Borrowed Net	22	8
Offsetting Liabilities [Abstract]
Securities Loaned, Gross	926	1,535
Securities Loaned, Asset	0	0
Securities Loaned	926	1,535
Securities Loaned, Financial Instruments, Not Offset	(192)	(94)
Securities Loaned, Collateral Pledged	(661)	(1,314)
Securities Loaned, Amount Offset Against Collateral	73	127
Securities Sold under Agreements to Repurchase, Gross		82
Securities Sold under Agreements to Repurchase, Asset		0
Securities sold under agreements to repurchase		82
Securities Sold under Agreements to Repurchase, Financial Instruments Not Offset		0
Securities Sold under Agreements to Repurchase, Collateral Pledged		(81)
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral		1
Derivative Liability, Fair Value, Gross Liability	6	11
Derivative Liability, Fair Value, Gross Asset	0	0
Derivative Liability	6	11
Derivative Liability, Financial Instruments, Not Offset	0	0
Derivative Liability, Collateral Pledged	(6)	(11)
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	0
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Gross	932	1,628
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Asset	0	0
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned	932	1,628
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Financial Instruments Not Offset	(192)	(94)
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Collateral Pledged	(667)	(1,406)
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Amount Offset Against Collateral	$ 73	$ 128

Available-for-Sale Securities (

Available-for-Sale Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	$ 14,253	$ 12,714
Available-for-sale securities, gross unrealized gains	42	59
Available-for-sale securities, gross unrealized losses	(403)	(184)
Available-for-sale securities, fair value	13,892	12,589
Transfer of available-for-sale securities to held-to-maturity	492	0	$ 0
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	14,246	12,681
Available-for-sale securities, gross unrealized gains	42	59
Available-for-sale securities, gross unrealized losses	(403)	(183)
Available-for-sale securities, fair value	13,885	12,557
Agency Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	12,946	11,888
Available-for-sale securities, gross unrealized gains	24	41
Available-for-sale securities, gross unrealized losses	(336)	(166)
Available-for-sale securities, fair value	12,634	11,763
Agency Debentures [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	791	551
Available-for-sale securities, gross unrealized gains	18	18
Available-for-sale securities, gross unrealized losses	(21)	(12)
Available-for-sale securities, fair value	788	557
U.S. Treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	452	147
Available-for-sale securities, gross unrealized gains	0	0
Available-for-sale securities, gross unrealized losses	(45)	(4)
Available-for-sale securities, fair value	407	143
Agency Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	25	55
Available-for-sale securities, gross unrealized gains	0	0
Available-for-sale securities, gross unrealized losses	(1)	0
Available-for-sale securities, fair value	24	55
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	32	35
Available-for-sale securities, gross unrealized gains	0	0
Available-for-sale securities, gross unrealized losses	0	0
Available-for-sale securities, fair value	32	35
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost		5
Available-for-sale securities, gross unrealized losses		(1)
Available-for-sale securities, fair value		4
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	7	33
Available-for-sale securities, gross unrealized losses	0	(1)
Available-for-sale securities, fair value	$ 7	$ 32

Held-to-Maturity Securities (De

Held-to-Maturity Securities (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	$ 15,751	$ 13,013
Held-to-maturity securities, gross unrecognized gains	149	183
Held-to-maturity securities, gross unrecognized losses	(184)	(73)
Held-to-maturity securities, fair value	15,716	13,123
Agency Mortgage-Backed Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	12,868	10,353
Held-to-maturity securities, gross unrecognized gains	123	149
Held-to-maturity securities, gross unrecognized losses	(152)	(58)
Held-to-maturity securities, fair value	12,839	10,444
Agency Debentures [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	29	127
Held-to-maturity securities, gross unrecognized gains	0	0
Held-to-maturity securities, gross unrecognized losses	0	(2)
Held-to-maturity securities, fair value	29	125
Agency Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	2,854	2,523
Held-to-maturity securities, gross unrecognized gains	26	34
Held-to-maturity securities, gross unrecognized losses	(32)	(13)
Held-to-maturity securities, fair value	$ 2,848	2,544
Other Non-Agency Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost		10
Held-to-maturity securities, fair value		$ 10

Available-for-Sale and Held-t64

Available-for-Sale and Held-to-Maturity Securities (Details - Maturity) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Available-for-Sale Securities, Debt Maturities [Abstract]
Available-for-sale securities, due within one year, amortized cost	$ 0
Available-for-sale securities, due within one to five years, amortized cost	11
Available-for-sale securities, due within five to ten years, amortized cost	4,690
Available-for-sale securities, due after ten years, amortized cost	9,545
Available-for-sale securities, amortized cost	14,246
Available-for-sale securities, due within one year, fair value	0
Available-for-sale securities, due within one to five years, fair value	11
Available-for-sale securities, due within five to ten years, fair value	4,530
Available-for-sale securities, due after ten years, fair value	9,344
Available-for-sale securities, fair value	13,885
Held-to-Maturity Securities, Debt Maturities [Abstract]
Held-to-maturity securities, due within one year, amortized cost	0
Held-to-maturity securities, due within one to five years, amortized cost	1,430
Held-to-maturity securities, due within five to ten years, amortized cost	4,598
Held-to-maturity securities, due after ten years, amortized cost	9,723
Held-to-maturity securities, amortized cost	15,751	$ 13,013
Held-to-maturity securities, due within one year, fair value	0
Held-to-maturity securities, due within one to five years, fair value	1,468
Held-to-maturity securities, due within five to ten years, fair value	4,590
Held-to-maturity securities, due after ten years, fair value	9,658
Held-to-maturity securities, fair value	15,716	13,123
Available-for-Sale Securities Pledged As Collateral (Textuals) [Abstract]
Available-for-sale debt securities pledged as collateral	6	17
Held-to-Maturity Securities Pledged As Collateral (Textuals) [Abstract]
Held-to-maturity debt securities pledged as collateral	$ 500	$ 700

Available-for-Sale Securities65

Available-for-Sale Securities (Details - OTTI) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	$ 10,186	$ 7,391
Available-for-sale securities, twelve months or longer, fair value	1,620	2,524
Available-for-sale securities, fair value	11,806	9,915
Available-for-sale securities, less than twelve months, aggregate losses	(346)	(105)
Available-for-sale securities, twelve months or longer, aggregate losses	(57)	(79)
Available-for-sale securities, aggregate losses	(403)	(184)
Agency Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	9,281	6,832
Available-for-sale securities, twelve months or longer, fair value	1,620	2,496
Available-for-sale securities, fair value	10,901	9,328
Available-for-sale securities, less than twelve months, aggregate losses	(279)	(88)
Available-for-sale securities, twelve months or longer, aggregate losses	(57)	(78)
Available-for-sale securities, aggregate losses	(336)	(166)
Agency Debentures [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	454	329
Available-for-sale securities, twelve months or longer, fair value	0	9
Available-for-sale securities, fair value	454	338
Available-for-sale securities, less than twelve months, aggregate losses	(21)	(12)
Available-for-sale securities, twelve months or longer, aggregate losses	0	0
Available-for-sale securities, aggregate losses	(21)	(12)
U.S. Treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	407	143
Available-for-sale securities, twelve months or longer, fair value	0
Available-for-sale securities, fair value	407	143
Available-for-sale securities, less than twelve months, aggregate losses	(45)	(4)
Available-for-sale securities, twelve months or longer, aggregate losses	0
Available-for-sale securities, aggregate losses	(45)	(4)
Agency Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	24	55
Available-for-sale securities, twelve months or longer, fair value	0	0
Available-for-sale securities, fair value	24	55
Available-for-sale securities, less than twelve months, aggregate losses	(1)	0
Available-for-sale securities, twelve months or longer, aggregate losses	0	0
Available-for-sale securities, aggregate losses	(1)	0
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	13	0
Available-for-sale securities, twelve months or longer, fair value	0	15
Available-for-sale securities, fair value	13	15
Available-for-sale securities, less than twelve months, aggregate losses	0	0
Available-for-sale securities, twelve months or longer, aggregate losses	0	0
Available-for-sale securities, aggregate losses	0	0
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, twelve months or longer, fair value		4
Available-for-sale securities, fair value		4
Available-for-sale securities, twelve months or longer, aggregate losses		(1)
Available-for-sale securities, aggregate losses		(1)
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	7	32
Available-for-sale securities, twelve months or longer, fair value	0
Available-for-sale securities, fair value	7	32
Available-for-sale securities, less than twelve months, aggregate losses	0	(1)
Available-for-sale securities, twelve months or longer, aggregate losses	0
Available-for-sale securities, aggregate losses	$ 0	$ (1)

Held-to-maturity Securities (66

Held-to-maturity Securities (Details - OTTI) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	$ 7,686	$ 3,927
Held-to-maturity securities, twelve months or longer, fair value	1,290	1,629
Held-to-maturity securities, fair value	8,976	5,556
Held-to-maturity securities, less than twelve months, aggregate losses	(155)	(37)
Held-to-maturity securities, twelve months or longer, aggregate losses	(29)	(36)
Held-to-maturity securities, aggregate losses	(184)	(73)
Agency Mortgage-Backed Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	5,929	2,807
Held-to-maturity securities, twelve months or longer, fair value	1,272	1,495
Held-to-maturity securities, fair value	7,201	4,302
Held-to-maturity securities, less than twelve months, aggregate losses	(123)	(25)
Held-to-maturity securities, twelve months or longer, aggregate losses	(29)	(33)
Held-to-maturity securities, aggregate losses	(152)	(58)
Agency Debentures [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	18	114
Held-to-maturity securities, twelve months or longer, fair value	0
Held-to-maturity securities, fair value	18	114
Held-to-maturity securities, less than twelve months, aggregate losses	0	(2)
Held-to-maturity securities, twelve months or longer, aggregate losses	0
Held-to-maturity securities, aggregate losses	0	(2)
Agency Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	1,739	1,006
Held-to-maturity securities, twelve months or longer, fair value	18	134
Held-to-maturity securities, fair value	1,757	1,140
Held-to-maturity securities, less than twelve months, aggregate losses	(32)	(10)
Held-to-maturity securities, twelve months or longer, aggregate losses	0	(3)
Held-to-maturity securities, aggregate losses	$ (32)	$ (13)

Available-for-Sale and Held-t67

Available-for-Sale and Held-to-Maturity Securities (Details - Other) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Other-than-temporary impairment, credit losses recognized in earnings		$ 136	$ 152	$ 152
Other-than-temporary impairment, credit losses recognized in earnings for securities factored to zero		136	123	123
Net impairment		0	0	0
Components of gains (losses) on securities and other, net
Reclassification of deferred losses on cash flow hedges	$ (370)	0	(370)	0
Gains on available-for-sale securities		54	58	42
Losses on available-for-sale securities		(1)	(20)	0
Subtotal		53	38	42
Hedge ineffectiveness		(6)	(1)	(10)
Equity method investment income (loss) and other		(5)	9	7
Gains (losses) on securities and other, net		$ 42	$ (324)	$ 39

Loans Receivable, Net (Details)

Loans Receivable, Net (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loans Receivable, Net [Abstract]
One- to four-family	$ 1,950	$ 2,488
Home equity	1,556	2,114
Consumer	250	341
Total loans receivable	3,756	4,943
Unamortized premiums, net	16	23
Allowance for loan losses	(221)	(353)	$ (404)	$ (453)
Total loans receivable, net	3,551	4,613
Loans Pledged Federal Home Loan Bank	3,100	4,200
Loans Pledged Federal Reserve Bank	300	300
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	3,331	4,478
Loans individually evaluated for impairment, recorded investment	441	488
Total recorded investment in loans receivable	3,772	4,966
Loans collectively evaluated for impairment, allowance for loan losses	163	292
Loans individually evaluated for impairment, allowance for loan losses	58	61
Allowance for loan losses	221	353	404	453
One- To Four-Family [Member]
Loans Receivable, Net [Abstract]
Allowance for loan losses	(45)	(40)	(27)	(102)
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	1,717	2,219
Loans individually evaluated for impairment, recorded investment	246	286
Loans collectively evaluated for impairment, allowance for loan losses	38	31
Loans individually evaluated for impairment, allowance for loan losses	7	9
Allowance for loan losses	45	40	27	102
Home Equity [Member]
Loans Receivable, Net [Abstract]
Allowance for loan losses	(171)	(307)	(367)	(326)
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	1,361	1,915
Loans individually evaluated for impairment, recorded investment	195	202
Loans collectively evaluated for impairment, allowance for loan losses	120	255
Loans individually evaluated for impairment, allowance for loan losses	51	52
Allowance for loan losses	171	307	367	326
Consumer [Member]
Loans Receivable, Net [Abstract]
Allowance for loan losses	(5)	(6)	(10)	(25)
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	253	344
Loans collectively evaluated for impairment, allowance for loan losses	5	6
Allowance for loan losses	$ 5	$ 6	$ 10	$ 25

Loans Receivable, Net (Details

Loans Receivable, Net (Details - Credit Quality) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Credit Quality Indicators [Line Items]
Average Age, Financing Receivable	10 years 9 months 29 days	9 years 10 months 24 days
Greater Than 10% of Loans, States Other than California, Count	0	0
CALIFORNIA | One- To Four-Family and Home Equity Benchmark [Member] | Financing Receivables, State, Risk [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	36.00%	37.00%
One- To Four-Family [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 1,950,000,000	$ 2,488,000,000
Average estimated current LTV/CLTV	73.00%	77.00%
Average LTV/CLTV at loan origination	71.00%	71.00%
One- To Four-Family [Member] | Minimum [Member]
Credit Quality Indicators [Line Items]
Loans, Interest-Only Period	5 years
Loans, Amortization Period	20 years
One- To Four-Family [Member] | Maximum [Member]
Credit Quality Indicators [Line Items]
Loans, Interest-Only Period	10 years
Loans, Amortization Period	25 years
One- To Four-Family [Member] | One- To Four-Family Benchmark [Member] | Interest Only Not Yet Amortizing Risk [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	24.00%
One- To Four-Family [Member] | One- To Four-Family Benchmark [Member] | Interest only, Already Amortizing
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	76.00%
One- To Four-Family [Member] | One- To Four-Family Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Year Ending December 31, 2017
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	24.00%
One- To Four-Family [Member] | One- To Four-Family Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Year Ending December 31, 2018 or later
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	0.00%
One- To Four-Family [Member] | Interest Only Not Yet Amortizing [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 2500 Risk [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	14.00%
Annual Principal Payment Threshold	$ 2,500
One- To Four-Family [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 2500 [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 10000 Risk [Member]
Credit Quality Indicators [Line Items]
Annual Principal Payment Threshold	$ 10,000
One- To Four-Family [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 2500 [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 10000 Risk [Member] | Maximum [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	50.00%
One- To Four-Family [Member] | FICO Score, Greater than 720 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 1,121,000,000	$ 1,423,000,000
One- To Four-Family [Member] | FICO Score, 719 to 700 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	179,000,000	246,000,000
One- To Four-Family [Member] | FICO Score, 699 to 680 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	153,000,000	198,000,000
One- To Four-Family [Member] | FICO Score, 679 to 660 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	121,000,000	150,000,000
One- To Four-Family [Member] | FICO Score, 659 to 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	154,000,000	198,000,000
One- To Four-Family [Member] | FICO Score, Less than 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	222,000,000	273,000,000
One- To Four-Family [Member] | Current FICO Score Not Available [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	28,000,000	39,000,000
One- To Four-Family [Member] | LTV Less than 80 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	1,308,000,000	1,519,000,000
One- To Four-Family [Member] | LTV 80 to 100 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	413,000,000	609,000,000
One- To Four-Family [Member] | LTV 100 to 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	143,000,000	227,000,000
One- To Four-Family [Member] | LTV Greater than 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	86,000,000	133,000,000
Home Equity [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 1,556,000,000	$ 2,114,000,000
Average estimated current LTV/CLTV	87.00%	90.00%
Average LTV/CLTV at loan origination	81.00%	81.00%
Home Equity [Member] | Minimum [Member]
Credit Quality Indicators [Line Items]
Loans, Draw Period	5 years
Home Equity [Member] | Maximum [Member]
Credit Quality Indicators [Line Items]
Loans, Draw Period	10 years
Home Equity [Member] | Interest Only Not Yet Amortizing [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 500 Risk [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	39.00%
Annual Principal Payment Threshold	$ 500
Home Equity [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 500 [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 2500 Risk [Member]
Credit Quality Indicators [Line Items]
Annual Principal Payment Threshold	$ 2,500
Home Equity [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 500 [Member] | Interest Only Not Yet Amortizing Borrowers Paying Minimum 2500 Risk [Member] | Maximum [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	50.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Interest Only Not Yet Amortizing Risk [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	15.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Interest only, Already Amortizing
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	85.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Year Ending December 31, 2017
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	14.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Year Ending December 31, 2018 or later
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	1.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Balloon Loan, Percentage [Member] | Maximum [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	1.00%
Home Equity [Member] | Home Equity Benchmark [Member] | Financing Receivables in First Lien Position, Percentage [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	13.00%
Home Equity [Member] | Home Equity Benchmark [Member] | Financing Receivables in the First and Second Lien Position, Percent [Member] | Maximum [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	1.00%
Home Equity [Member] | Home Equity Benchmark [Member] | Home Equity Installment Loans, Percentage [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	18.00%
Home Equity [Member] | Home Equity Benchmark [Member] | Home Equity Line of Credit, Percentage [Member]
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	82.00%
Home Equity [Member] | FICO Score, Greater than 720 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 778,000,000	$ 1,069,000,000
Home Equity [Member] | FICO Score, 719 to 700 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	156,000,000	222,000,000
Home Equity [Member] | FICO Score, 699 to 680 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	141,000,000	183,000,000
Home Equity [Member] | FICO Score, 679 to 660 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	117,000,000	152,000,000
Home Equity [Member] | FICO Score, 659 to 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	149,000,000	203,000,000
Home Equity [Member] | FICO Score, Less than 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	215,000,000	285,000,000
Home Equity [Member] | Current FICO Score Not Available [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	2,000,000	3,000,000
Home Equity [Member] | LTV Less than 80 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	686,000,000	843,000,000
Home Equity [Member] | LTV 80 to 100 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	414,000,000	549,000,000
Home Equity [Member] | LTV 100 to 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	274,000,000	420,000,000
Home Equity [Member] | LTV Greater than 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 182,000,000	$ 302,000,000

Loans Receivable, Net (Detail70

Loans Receivable, Net (Details - Aging) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	$ 3,461	$ 4,591
One- to four-family	1,950	2,488
Home equity	1,556	2,114
Consumer	250	341
Total loans receivable	$ 3,756	4,943
Threshold, Period Past Due, Nonaccrual Financing Receivable	90 days
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Real Estate Acquired Through Foreclosure	$ 35	27
Mortgage Loans in Process of Foreclosure, Amount	112	108
Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Nonaccrual Status	352	418
Financing Receivables, 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	114	130
Financing Receivables, 90 To 179 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	42	58
Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	139	164
One- To Four-Family [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	1,774	2,279
One- To Four-Family [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Nonaccrual Status	215	263
One- To Four-Family [Member] | Financing Receivables, 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	67	72
One- To Four-Family [Member] | Financing Receivables, 90 To 179 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	23	26
One- To Four-Family [Member] | Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	86	111
Home Equity [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	$ 1,442	1,978
Home Equity [Member] | Junior Lien [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans and Leases Receivable, Loss Severity	92.00%
Home Equity [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 136	154
Home Equity [Member] | Financing Receivables, 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	43	52
Home Equity [Member] | Financing Receivables, 90 To 179 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	18	31
Home Equity [Member] | Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	53	53
Consumer [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	245	334
Consumer [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Nonaccrual Status	1	1
Consumer [Member] | Financing Receivables, 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	4	6
Consumer [Member] | Financing Receivables, 90 To 179 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	1	1
Consumer [Member] | Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	$ 0	$ 0

Loans Receivable, Net (Detail71

Loans Receivable, Net (Details - Allowance) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period				$ 353	$ 353	$ 404	$ 453
Provision (benefit) for loan losses	$ 18	$ 62	$ 35	34	(149)	(40)	36
Charge-offs					(25)	(44)	(126)
Recoveries					42	33	41
Net (charge-offs) recoveries					17	(11)	(85)
Allowance for loan losses, end of period	$ 221				221	$ 353	404
Increase (Decrease) in Finance Receivables					$ (1,100)
Financing Receivable, Allowance for Credit Losses, Percentage of Gross Loans Receivable	5.80%				5.80%	7.10%
One- To Four-Family [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period				40	$ 40	$ 27	102
Provision (benefit) for loan losses					(2)	15	(42)
Charge-offs					(1)	(2)	(44)
Recoveries					8	0	11
Net (charge-offs) recoveries					7	(2)	(33)
Allowance for loan losses, end of period	$ 45				45	40	27
Home Equity [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period				307	307	367	326
Provision (benefit) for loan losses					(148)	(55)	82
Charge-offs					(17)	(31)	(65)
Recoveries					29	26	24
Net (charge-offs) recoveries					12	(5)	(41)
Allowance for loan losses, end of period	171				171	307	367
Home Equity [Member] | Risk Level, High [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Provision (benefit) for loan losses					(25)
Consumer [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period				$ 6	6	10	25
Provision (benefit) for loan losses					1	0	(4)
Charge-offs					(7)	(11)	(17)
Recoveries					5	7	6
Net (charge-offs) recoveries					(2)	(4)	(11)
Allowance for loan losses, end of period	$ 5				$ 5	$ 6	$ 10

Loans Receivable, Net (Detail72

Loans Receivable, Net (Details - TDRs Accrual and Nonaccrual) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Recorded Investment in TDRs	$ 441	$ 488
Financing Receivable, Troubled Debt Restructurings, Modifications, Total1	316	334
Financing Receivable, Troubled Debt Restructurings, Bankruptcy Notifications	125	154
Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Accrual TDRs	216	226
Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual TDRs, Current	131	148
Nonaccrual TDRs, 30-89 Days Delinquent	26	30
Nonaccrual TDRs, 90-179 Days Delinquent	12	16
Nonaccrual TDRs, 180 Plus Days Delinquent	56	68
One- To Four-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in TDRs	246	286
TDR unpaid principal balance	243	283
Financing Receivable, Troubled Debt Restructurings, Modifications, Total1	153	170
One- To Four-Family [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Accrual TDRs	97	106
One- To Four-Family [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual TDRs, Current	90	106
Nonaccrual TDRs, 30-89 Days Delinquent	16	19
Nonaccrual TDRs, 90-179 Days Delinquent	8	8
Nonaccrual TDRs, 180 Plus Days Delinquent	35	47
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in TDRs	195	202
Financing Receivable, Troubled Debt Restructurings, Modifications, Total1	163	164
Home Equity [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Accrual TDRs	119	120
Home Equity [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual TDRs, Current	41	42
Nonaccrual TDRs, 30-89 Days Delinquent	10	11
Nonaccrual TDRs, 90-179 Days Delinquent	4	8
Nonaccrual TDRs, 180 Plus Days Delinquent	$ 21	$ 21

Loans Receivable, Net (Detail73

Loans Receivable, Net (Details - TDRs Average Investment and Income) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
TDRs, Average Recorded Investment	$ 473	$ 516	$ 803
TDRs, Interest Income Recognized	28	26	34
One- To Four-Family [Member]
Financing Receivable, Impaired [Line Items]
TDRs, Average Recorded Investment	269	303	576
TDRs, Interest Income Recognized	11	9	16
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
TDRs, Average Recorded Investment	204	213	227
TDRs, Interest Income Recognized	$ 17	$ 17	$ 18

Loans Receivable, Net (Detail74

Loans Receivable, Net (Details - TDRs Specific Valuation Allowance) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Impaired Financing Receivable With And With No Related Allowance [Line Items]
Recorded Investment in TDRs	$ 441	$ 488
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	58	61
One- To Four-Family [Member]
Impaired Financing Receivable With And With No Related Allowance [Line Items]
Impaired Financing Receivable, With Related Allowance, Recorded Investment	61	72
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	185	214
Recorded Investment in TDRs	246	286
Impaired Financing Receivable, Related Allowance	7	9
Impaired Financing Receivable, with Related Allowance, Net Investment	54	63
Impaired Financing Receivable, with No Related Allowance, Net Investment	185	214
Impaired Financing Receivables, Net Investment, Total	239	277
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	7	9
Home Equity [Member]
Impaired Financing Receivable With And With No Related Allowance [Line Items]
Impaired Financing Receivable, With Related Allowance, Recorded Investment	111	111
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	84	91
Recorded Investment in TDRs	195	202
Impaired Financing Receivable, Related Allowance	51	52
Impaired Financing Receivable, with Related Allowance, Net Investment	60	59
Impaired Financing Receivable, with No Related Allowance, Net Investment	84	91
Impaired Financing Receivables, Net Investment, Total	144	150
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 51	$ 52

Loans Receivable, Net (Detail75

Loans Receivable, Net (Details - Modifications Delinquency) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, Current	$ 268	$ 277
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 30 To 89 Days Past Due	16	19
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 90 To 179 Days Past Due	7	11
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 180 Plus Days Past Due	25	27
Financing Receivable, Troubled Debt Restructurings, Modifications, Total1	316	334
Financing Receivable, Troubled Debt Restructuring, Modification And Bankruptcy Notification, Recorded Investment	44	42
One- To Four-Family [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, Current	127	138
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 30 To 89 Days Past Due	8	11
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 90 To 179 Days Past Due	4	5
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 180 Plus Days Past Due	14	16
Financing Receivable, Troubled Debt Restructurings, Modifications, Total1	153	170
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, Current	141	139
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 30 To 89 Days Past Due	8	8
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 90 To 179 Days Past Due	3	6
Financing Receivable, Troubled Debt Restructuring, Modification, Recorded Investment, 180 Plus Days Past Due	11	11
Financing Receivable, Troubled Debt Restructurings, Modifications, Total1	$ 163	$ 164

Loans Receivable, Net (Detail76

Loans Receivable, Net (Details - Modifications Specific Valuation Allowance) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Recorded Investment in Modifications before Charge-offs	$ 469	$ 500
Charge-offs	(153)	(166)
Recorded Investment in Modifications	316	334
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	(58)	(61)
Net Investment in Modifications	$ 258	$ 273
Specific Valuation Allowance as a % of Modifications	18.00%	18.00%
Total Expected Losses	45.00%	45.00%
One- To Four-Family [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment in Modifications before Charge-offs	$ 198	$ 216
Charge-offs	(45)	(46)
Recorded Investment in Modifications	153	170
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	(7)	(9)
Net Investment in Modifications	$ 146	$ 161
Specific Valuation Allowance as a % of Modifications	4.00%	5.00%
Total Expected Losses	26.00%	25.00%
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment in Modifications before Charge-offs	$ 271	$ 284
Charge-offs	(108)	(120)
Recorded Investment in Modifications	163	164
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	(51)	(52)
Net Investment in Modifications	$ 112	$ 112
Specific Valuation Allowance as a % of Modifications	31.00%	32.00%
Total Expected Losses	59.00%	61.00%

Loans Receivable, Net (Detail77

Loans Receivable, Net (Details - Modifications Types and Financial Impact) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)loan
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | loan	565	401	259
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 54	$ 37	$ 35
Principal forgiven with interest rate reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	1	0	1
Principal deferred with interest rate reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	1	0
Re-Age Extension or Interest Capitalization with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	16	12	15
Other with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	5	2	4
Other without Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 32	$ 22	$ 15
One- To Four-Family [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | loan	47	34	64
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 18	$ 13	$ 20
One- To Four-Family [Member] | Principal forgiven with interest rate reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	1	0	1
One- To Four-Family [Member] | Principal deferred with interest rate reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	1	0
One- To Four-Family [Member] | Re-Age Extension or Interest Capitalization with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	8	9	11
One- To Four-Family [Member] | Other with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	2	0	2
One- To Four-Family [Member] | Other without Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 7	$ 3	$ 6
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | loan	518	367	195
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 36	$ 24	$ 15
Home Equity [Member] | Principal forgiven with interest rate reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0
Home Equity [Member] | Principal deferred with interest rate reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0
Home Equity [Member] | Re-Age Extension or Interest Capitalization with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	8	3	4
Home Equity [Member] | Other with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	3	2	2
Home Equity [Member] | Other without Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	25	19	$ 9
Home Equity [Member] | Other without Interest Rate Reduction [Member] | Fixed Rate Lock Loan Modification Program 1 [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 15	$ 14

Loans Receivable, Net (Detail78

Loans Receivable, Net (Details - Modifications Subsequent Defaults) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)loan
Financing Receivable, Modifications [Line Items]
Troubled Debt Restructurings - Modifications, Payment Defaults, Number of Loans | loan	83	97	82
Troubled Debt Restructurings - Modifications, Payment Defaults, Recorded Investment	$ 11	$ 8	$ 12
One- To Four-Family [Member]
Financing Receivable, Modifications [Line Items]
Troubled Debt Restructurings - Modifications, Payment Defaults, Number of Loans | loan	20	7	27
Troubled Debt Restructurings - Modifications, Payment Defaults, Recorded Investment	$ 6	$ 3	$ 9
Troubled Debt Restructurings - Modifications that Subsequently Defaulted that were Classified as Current at Period End	$ 1		$ 1
One- To Four-Family [Member] | Less than [Member]
Financing Receivable, Modifications [Line Items]
Troubled Debt Restructurings - Modifications that Subsequently Defaulted that were Classified as Current at Period End		$ 1
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Troubled Debt Restructurings - Modifications, Payment Defaults, Number of Loans | loan	63	90	55
Troubled Debt Restructurings - Modifications, Payment Defaults, Recorded Investment	$ 5	$ 5	$ 3
Troubled Debt Restructurings - Modifications that Subsequently Defaulted that were Classified as Current at Period End	$ 2	$ 3	$ 1

Derivative Instruments and He79

Derivative Instruments and Hedging Activities (Details - Fair Value of Derivatives) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Termination of legacy wholesale funding [Line Items]
Termination of legacy wholesale funding obligations	$ 4,400
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring		$ 370	$ 0	$ 370	$ 0
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount			3,862	2,204
Derivative Asset			165	10
Derivative Liability			(31)	(55)
Derivative Asset (Liability), Net			134	(45)
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount			3,862	2,204
Derivative Asset			165	10
Derivative Liability			(31)	(55)
Derivative Asset (Liability), Net			$ 134	$ (45)

Derivative Instruments and He80

Derivative Instruments and Hedging Activities (Details - Fair Value Hedge) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Hedge, Hedging Instrument	$ 70	$ (7)	$ (133)
Fair Value Hedge, Hedged Item	(76)	6	123
Fair Value Hedge, Hedge Ineffectiveness	(6)	(1)	(10)
Derivatives Textuals [Abstract]
Collateral Already Posted, Aggregate Fair Value	20
Derivative, Net Liability Position, Aggregate Fair Value	6
Excess Collateral Derivatives In Net Liability Position	14
Agency Debentures [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Hedge, Hedging Instrument	28	(3)	(100)
Fair Value Hedge, Hedged Item	(32)	3	91
Fair Value Hedge, Hedge Ineffectiveness	(4)	0	(9)
Agency mortgage-backed securities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Hedge, Hedging Instrument	42	(4)	(33)
Fair Value Hedge, Hedged Item	(44)	3	32
Fair Value Hedge, Hedge Ineffectiveness	$ (2)	$ (1)	$ (1)

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Gross Amount	$ 830	$ 847
Accumulated Depreciation and Amortization	(591)	(611)
Net Amount	239	236
Depreciation and amortization excluding intangible amortization	79	81	$ 78
Leases [Abstract]
Sale Leaseback Transaction, Net Proceeds, Financing Activities			56
Minimum Lease Payments, Sale Leaseback Transactions, Fiscal Year Maturity [Abstract]
Minimum Lease Payments, Sale Leaseback Transactions, Next Twelve Months	4
Minimum Lease Payments, Sale Leaseback Transactions, within Two Years	5
Minimum Lease Payments, Sale Leaseback Transactions, within Three Years	5
Minimum Lease Payments, Sale Leaseback Transactions, within Four Years	5
Minimum Lease Payments, Sale Leaseback Transactions, within Five Years	5
Minimum Lease Payments, Sale Leaseback Transactions, Thereafter	14
Minimum Lease Payments, Sale Leaseback Transactions	38
Future Minimum Sublease Rentals, Sale Leaseback Transactions, Fiscal Year Maturity [Abstract]
Future Minimum Sublease Rentals, Sale Leaseback Transactions, Next Twelve Months	(3)
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Two Years	(3)
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Three Years	(3)
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Four Years	(3)
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Five Years	(3)
Future Minimum Sublease Rentals, Sale Leaseback Transactions, Thereafter	(3)
Future Minimum Sublease Rentals, Sale Leaseback Transactions	(18)
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Gross Amount	449	468
Accumulated Depreciation and Amortization	(355)	(388)
Net Amount	94	80
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross Amount	119	116
Accumulated Depreciation and Amortization	(97)	(91)
Net Amount	22	25
Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross Amount	133	127
Accumulated Depreciation and Amortization	(92)	(84)
Net Amount	41	43
Building [Member]
Property, Plant and Equipment [Line Items]
Gross Amount	72	72
Accumulated Depreciation and Amortization	(30)	(28)
Net Amount	42	44
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Gross Amount	19	22
Accumulated Depreciation and Amortization	(17)	(20)
Net Amount	2	2
Land [Member]
Property, Plant and Equipment [Line Items]
Gross Amount	3	3
Accumulated Depreciation and Amortization	0	0
Net Amount	3	3
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Gross Amount	35	39
Accumulated Depreciation and Amortization	0	0
Net Amount	35	39
Capitalized software, balance	22	22
Software Development [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization excluding intangible amortization	36	41	47
Capitalized internally developed software costs	$ 46	$ 42	$ 27

Goodwill and Other Intangible82

Goodwill and Other Intangibles, Net (Details) - USD ($) $ in Millions	Sep. 12, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill acquired during period	$ 578	$ 578
Impairment of goodwill		0	$ 0	$ 0
Goodwill		2,370	1,792
Accumulated impairment loss		243	243
Other intangible assets		320	174
Identifiable intangible assets acquired	$ 169	169
Finite-Lived Intangible Assets [Line Items]
Gross Amount		604
Accumulated Amortization		(284)
Finite-Lived Intangible Assets, Net		320	174
Customer relationships
Goodwill and Intangible Assets Disclosure [Abstract]
Other intangible assets		$ 272	$ 174
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Useful Life		18 years	20 years
Weighted Average Remaining Useful Life		11 years	10 years
Gross Amount		$ 553	$ 435
Accumulated Amortization		(281)	(261)
Finite-Lived Intangible Assets, Net		272	$ 174
Technology
Goodwill and Intangible Assets Disclosure [Abstract]
Other intangible assets		$ 46
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Useful Life		7 years
Weighted Average Remaining Useful Life		7 years
Gross Amount		$ 48
Accumulated Amortization		(2)
Finite-Lived Intangible Assets, Net		46
Trade name
Goodwill and Intangible Assets Disclosure [Abstract]
Other intangible assets		$ 2
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Useful Life		2 years
Weighted Average Remaining Useful Life		2 years
Gross Amount		$ 3
Accumulated Amortization		(1)
Finite-Lived Intangible Assets, Net		$ 2

Goodwill and Other Intangible83

Goodwill and Other Intangibles, Net (Details - Future Amortization of Other Intangible, Net) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 36
2,018	40
2,019	39
2,020	37
2,021	35
Thereafter	133
Finite-Lived Intangible Assets, Net	$ 320	$ 174

Receivables from and Payables84

Receivables from and Payables to Brokers, Dealers and Clearing Organizations (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Receivables from Brokers-Dealers and Clearing Organizations [Abstract]
Securities borrowed	$ 774	$ 120
Receivables from clearing organizations	231	341
Other	51	59
Total	1,056	520
Payables to Broker-Dealers and Clearing Organizations [Abstract]
Securities loaned	926	1,535
Payables to clearing organizations	7	8
Other	50	33
Total	$ 983	$ 1,576

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Deposits By Type [Abstract]
Sweep deposits	$ 26,362	$ 24,018
Savings deposits	3,185	3,357
Other deposits(1)	2,135	2,070
Total deposits	$ 31,682	$ 29,445
Deposits, Weighted Average Rates [Abstract]
Sweep deposits, weighted-average rate	0.01%	0.01%
Savings deposits, weighted-average rate	0.01%	0.01%
Other deposits, weighted-average rate	0.03%	0.03%
Total deposits, weighted-average rate	0.01%	0.01%
Deposits Textuals [Abstract]
Non-interest-bearing deposits	$ 177	$ 173

Other Borrowings (Details)

Other Borrowings (Details)	1 Months Ended	3 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Nov. 30, 2014USD ($)
Termination of legacy wholesale funding [Line Items]
Termination of legacy wholesale funding obligations	$ 4,400,000,000
Gain (Loss) on Extinguishment of Debt		$ (39,000,000)	$ (73,000,000)	$ 0	$ (112,000,000)	$ (71,000,000)
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring		370,000,000		0	370,000,000	$ 0
Line of Credit Facility [Line Items]
Other borrowings				409,000,000	491,000,000
E TRADE Securities [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				1,100,000,000
Line of Credit Facility, Fair Value of Amount Outstanding				0
Legacy wholesale funding obligations
Termination of legacy wholesale funding [Line Items]
Termination of legacy wholesale funding obligations		$ 4,400,000,000			4,400,000,000
Pre-tax charge related to the termination of legacy wholesale funding obligations					413,000,000
Gain (Loss) on Extinguishment of Debt					(43,000,000)
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring					370,000,000
Trust preferred securities
Termination of legacy wholesale funding [Line Items]
Termination of legacy wholesale funding obligations					19,000,000
Gain (Loss) on Extinguishment of Debt					4,000,000
Trust preferred securities
Line of Credit Facility [Line Items]
Other borrowings				$ 409,000,000	409,000,000
Debt instrument maturity year				2,031
Repurchase agreements
Line of Credit Facility [Line Items]
Other borrowings				$ 0	82,000,000
Securities Sold Under Agreements To Repurchase Maximum Month end Outstanding Amount					$ 3,800,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				250,000,000			$ 200,000,000
Line of Credit Facility, Fair Value of Amount Outstanding				0
Revolving Credit Facility [Member] | E TRADE Securities [Member] | Revolving Credit Facility, Maturing June 2017 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 400,000,000
Secured Committed Line of Credit [Member] | E TRADE Securities [Member]
Line of Credit Facility [Line Items]
Lines of Credit. Number of Creditors				2
Secured Committed Line of Credit [Member] | E TRADE Securities [Member] | Line of Credit, Maturing June 2017 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 175,000,000
Unsecured Uncommitted Line of Credit Member [Member] | E TRADE Securities [Member]
Line of Credit Facility [Line Items]
Lines of Credit. Number of Creditors				2
Line of Credit Facility, Maximum Borrowing Capacity				$ 100,000,000
Unsecured Uncommitted Line of Credit Member [Member] | E TRADE Securities [Member] | Line of Credit, Maturing June 2017 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				75,000,000
Secured Uncommitted Line of Credit [Member] | E TRADE Securities [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 375,000,000

Other Borrowings (Details - Mat

Other Borrowings (Details - Maturities) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)$ / CapitalSecurity	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Debt, Balance, Maturity and Termination [Line Items]
Losses on Early Extinguishment of Debt	$ (39)	$ (73)	$ 0	$ (112)	$ (71)
Trust Preferred Securities Subject to Mandatory Redemption [Member]
Debt, Balance, Maturity and Termination [Line Items]
Trust Preferred Securities, Years Due After Issuance			30 years
Trust Preferred Securities, Par Value | $ / CapitalSecurity			1,000
Losses on Early Extinguishment of Debt				$ 4

Other Borrowings (Details - Tru

Other Borrowings (Details - Trusts) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
ETBH Capital Trust I [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 20
Maturity Date	2,031
Annual Interest Rate	3.75% above 6-month LIBOR
Debt Instrument, Basis Spread on Variable Rate	3.75%
ETBH Capital Trusts V, VI,VIII [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 51
Maturity Date	2,032
Annual Interest Rate	3.25%-3.65% above 3-month LIBOR
ETBH Capital Trusts V, VI,VIII [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.65%
ETBH Capital Trusts V, VI,VIII [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.25%
ETBH Capital Trusts VII, IX-XII [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 65
Maturity Date	2,033
Annual Interest Rate	3.00%-3.30% above 3-month LIBOR
ETBH Capital Trusts VII, IX-XII [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.30%
ETBH Capital Trusts VII, IX-XII [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%
ETBH Capital Trusts XIII-XVIII, XX [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 77
Maturity Date	2,034
Annual Interest Rate	2.45%-2.90% above 3-month LIBOR
ETBH Capital Trusts XIII-XVIII, XX [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.90%
ETBH Capital Trusts XIII-XVIII, XX [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.45%
ETBH Capital Trusts XIX, XXI, XXII [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 60
Maturity Date	2,035
Annual Interest Rate	2.20%-2.40% above 3-month LIBOR
ETBH Capital Trusts XIX, XXI, XXII [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.40%
ETBH Capital Trusts XIX, XXI, XXII [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.20%
ETBH Capital Trusts XXIII-XXIV [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 45
Maturity Date	2,036
Annual Interest Rate	2.10% above 3-month LIBOR
Debt Instrument, Basis Spread on Variable Rate	2.10%
ETBH Capital Trusts XXV-XXX [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 96
Maturity Date	2,037
Annual Interest Rate	1.90%-2.00% above 3-month LIBOR
ETBH Capital Trusts XXV-XXX [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
ETBH Capital Trusts XXV-XXX [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.90%
ETBH Capital Trust Total [Member]
Debt Instrument [Line Items]
Face Value (in dollars)	$ 414

Corporate Debt (Details)

Corporate Debt (Details) shares in Millions, $ in Millions	1 Months Ended	3 Months Ended			12 Months Ended
	Feb. 28, 2015USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)	Dec. 31, 2009USD ($)	Nov. 30, 2014USD ($)
Debt Disclosure (Textuals) [Abstract]
Losses on Early Extinguishment of Debt			$ (39)	$ (73)	$ 0	$ (112)	$ (71)
Debt Conversion, Original Debt, Amount								$ 1,700
Conversion of convertible debentures					$ 5	$ 30	5
Stock Issued During Period, Shares, Conversion of Convertible Securities | shares					0.5	2.9
Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value		$ 1,003			$ 1,003	$ 1,008
Unamortized discount		(9)			(9)	(11)
Total corporate debt		994			994	997
Interest Bearing Total [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value		1,000			1,000	1,000
Unamortized discount		(9)			(9)	(11)
Total corporate debt		991			$ 991	$ 989
Senior Notes Interest Bearing Five and Three Eighths Percent [Member]
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument maturity year					2,022	2,022
Senior Notes Interest Bearing Five and Three Eighths Percent [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value		540			$ 540	$ 540
Unamortized discount		(5)			(5)	(6)
Total corporate debt		$ 535			$ 535	$ 534
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage		5.375%			5.375%	5.375%
Senior Notes Interest Bearing Four And Five Eighths Percent [Member]
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument maturity year				2,023	2,023	2,023
Senior Notes Interest Bearing Four And Five Eighths Percent [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value		$ 460		$ 460	$ 460	$ 460
Unamortized discount		(4)			(4)	(5)
Total corporate debt		$ 456			$ 456	$ 455
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage		4.625%		4.625%	4.625%	4.625%
Senior Notes Interest Bearing Six And Three Fourths Percent and Six Percent [Member]
Debt Disclosure (Textuals) [Abstract]
Repayments of Long-Term Debt and Associated Premiums, Interest and Fees							460
Debt Instrument, Redemption Premium							54
Losses on Early Extinguishment of Debt							$ (59)
Senior Notes Interest Bearing Six And Three Eighths Percent [Member]
Debt Disclosure (Textuals) [Abstract]
Repayments of Long-Term Debt and Associated Premiums, Interest and Fees				$ 432
Debt Instrument, Redemption Premium				68
Losses on Early Extinguishment of Debt				$ (73)
Senior Notes Interest Bearing Six And Three Eighths Percent [Member] | Corporate Debt Securities [Member]
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage				6.375%
Senior Notes Interest Bearing Six And Three Fourths Percent [Member] | Corporate Debt Securities [Member]
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage							6.75%
Senior Notes Interest Bearing Six Percent [Member] | Corporate Debt Securities [Member]
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage							6.00%
Interest Bearing Twelve And Half Percent [Member] | Corporate Debt Securities [Member]
Debt Disclosure (Textuals) [Abstract]
Debt Conversion, Converted Instrument, Amount								$ 1,300
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage								12.50%
Senior Notes Interest Bearing Eight Percent [Member] | Corporate Debt Securities [Member]
Debt Disclosure (Textuals) [Abstract]
Debt Conversion, Converted Instrument, Amount								$ 400
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage								8.00%
Noninterest Bearing Convertible Debentures [Member]
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument maturity year					2,019	2,019
Noninterest Bearing Convertible Debentures [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value		$ 3			$ 3	$ 8
Unamortized discount		0			0	0
Total corporate debt		$ 3			$ 3	$ 8
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage		0.00%			0.00%	0.00%
Noninterest Bearing Convertible Debentures, Due 2019, Class A [Member]
Debt Disclosure (Textuals) [Abstract]
Debt Instrument, Convertible, Conversion Ratio					10.34
Noninterest Bearing Convertible Debentures, Due 2019, Class A [Member] | Corporate Debt Securities [Member]
Debt Disclosure (Textuals) [Abstract]
Debt Conversion, Original Debt, Amount								$ 1,700
Debt Conversion, Converted Instrument, Amount					$ 1,700
Debt Conversion, Converted Instrument, Shares Issued | shares					168
Noninterest Bearing Convertible Debentures, Due 2019, Class B [Member]
Debt Disclosure (Textuals) [Abstract]
Debt Instrument, Convertible, Conversion Ratio					15.51
Noninterest Bearing Convertible Debentures, Due 2019, Class B [Member] | Corporate Debt Securities [Member]
Debt Disclosure (Textuals) [Abstract]
Debt Conversion, Original Debt, Amount								$ 2
Debt Conversion, Converted Instrument, Amount					$ 2
Debt Conversion, Converted Instrument, Shares Issued | shares					0.1
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 250			$ 250				$ 200
Line of Credit Facility, Increase (Decrease), Net	$ 50
Line of Credit Facility, Fair Value of Amount Outstanding		$ 0			0
Line of Credit Facility, Expiration Date		Nov. 30, 2017
Line of Credit Facility, Unrestricted Cash Minimum		$ 100			$ 100

Corporate Debt (Details - Matur

Corporate Debt (Details - Maturities) - Corporate Debt Securities [Member] - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Corporate Debt By Maturity [Abstract]
2,017	$ 0
2,018	0
2,019	3
2,020	0
2,021	0
Thereafter	1,000
Face Value	1,003	$ 1,008
Unamortized discount	(9)	(11)
Total corporate debt	$ 994	$ 997

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current income tax expense (benefit):
Federal	$ 0	$ (5)	$ 0
State	3	(5)	4
Foreign	2	5	0
Total current	5	(5)	4
Deferred income tax expense (benefit):
Federal	285	(145)	152
State	(10)	(31)	3
Foreign	0	0	0
Total deferred	275	(176)	155
Non-current tax expense (benefit)	6	4	0
Income tax expense (benefit)	286	(177)	159
Components of income before income tax expense (benefit)
Domestic	845	84	438
Foreign	(7)	7	14
Income before income tax expense (benefit)	$ 838	$ 91	$ 452

Income Taxes (Details - Unrecog

Income Taxes (Details - Unrecognized Tax Benefits) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2009
Unrecognized tax benefit table [Abstract]
Unrecognized tax benefits	$ 29	$ 330	$ 333
Additions based on tax positions related to prior years	1	5	12
Additions based on tax positions related to current year	4	2	0
Reductions based on tax positions related to prior years	(3)	(304)	(14)
Settlements with taxing authorities	(1)	(3)	0
Statute of limitations lapses	(2)	(1)	(1)
Unrecognized tax benefits	28	29	$ 330
Unrecognized Tax Benefits Text [Line Items]
Unrecognized Tax Benefits, Period Increase (Decrease)	(1)
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	18
Debt Conversion, Original Debt, Amount				$ 1,700
Decrease in Unrecognized Tax Benefits is Reasonably Possible	7
Income Tax Examination, Penalties and Interest Accrued	10	13
Reduction of accrued interest and penalties	$ 3
Tax Years 2007, 2009 and 2010
Unrecognized Tax Benefits Text [Line Items]
Unrecognized Tax Benefits, Period Increase (Decrease)		$ (303)
HONG KONG | Earliest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,010
HONG KONG | Latest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,016
UNITED KINGDOM | Earliest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,014
UNITED KINGDOM | Latest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,016
UNITED STATES | Earliest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,013
UNITED STATES | Latest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,016
Various States | Earliest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,008
Various States | Latest Tax Year
Unrecognized Tax Benefits Text [Line Items]
Open Tax Year	2,016

Income Taxes (Details - Deferre

Income Taxes (Details - Deferred Taxes and Valuation Allowance) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Deferred Taxes and Valuation Allowance Text [Line Items]
Valuation allowance	$ (35)	$ (82)
Period Core Business Generated Income	13 years
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (47)
Income tax expense (benefit) due to change in tax status	(25)
Total deferred tax assets	1,309	1,548
Deferred tax assets:
Net operating losses	676	782
Reserves and allowances, net	335	482
Mark to market	160	158
Deferred compensation	43	44
Tax credits	55	44
Basis differences in investments	14	10
Other	26	28
Total deferred tax assets	1,309	1,548
Valuation allowance	(35)	(82)
Total deferred tax assets, net of valuation allowance	1,274	1,466
Deferred tax liabilities:
Depreciation and amortization	(518)	(433)
Total deferred tax liabilities	(518)	(433)
Net deferred tax asset	756	$ 1,033
Foreign Tax Authority [Member]
Deferred Taxes and Valuation Allowance Text [Line Items]
Operating Loss Carryforwards	74
Valuation allowance	(17)
Total deferred tax assets	18
Deferred tax assets:
Total deferred tax assets	18
Valuation allowance	(17)
Federal Jurisdiction [Member]
Deferred Taxes and Valuation Allowance Text [Line Items]
Operating Loss Carryforwards	$ 1,500
Operating loss carryforwards, expiration period	11 years
Valuation allowance	$ 0
Deferred tax assets:
Valuation allowance	0
State and Local Jurisdiction
Deferred Taxes and Valuation Allowance Text [Line Items]
Operating Loss Carryforwards	3,100
Valuation allowance	(18)
Total deferred tax assets	138
Deferred tax assets:
Total deferred tax assets	138
Valuation allowance	$ (18)
Earliest Tax Year | State and Local Jurisdiction
Deferred Taxes and Valuation Allowance Text [Line Items]
Operating loss carryforwards, expiration date	Jan. 1, 2017
Latest Tax Year | State and Local Jurisdiction
Deferred Taxes and Valuation Allowance Text [Line Items]
Operating loss carryforwards, expiration date	Dec. 31, 2035

Income Taxes (Details - Effecti

Income Taxes (Details - Effective Tax Rate)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Federal statutory rate	35.00%	35.00%	35.00%
State income taxes, net of federal tax benefit	3.90%	0.20%	2.00%
Difference between statutory rate and foreign effective tax rate	0.20%	(2.40%)	(1.00%)
Tax exempt income	(0.10%)	(0.50%)	(0.10%)
Disallowed executive compensation	0.20%	6.50%	0.60%
Change in valuation allowances	(5.50%)	0.10%	2.20%
Tax credits	(0.70%)	(3.80%)	(0.60%)
Estimated reserve for uncertain tax positions	0.10%	4.70%	(0.30%)
Deferred tax adjustments	1.30%	3.50%	(3.40%)
Tax on undistributed earnings and profits in certain foreign subsidiaries	0.00%	3.90%	1.10%
Settled IRS examination	0.00%	(241.50%)	0.00%
Other	(0.30%)	(0.40%)	(0.30%)
Effective tax rate	34.10%	(194.70%)	35.20%

Shareholders' Equity (Details -

Shareholders' Equity (Details - Shareholders' Activity) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Shareholders Equity Activity [Line Items]
Balance				$ 5,799				$ 5,375	$ 5,799	$ 5,375	$ 4,856
Net income	$ 127	$ 139	$ 133	153	$ 89	$ (153)	$ 292	40	552	268	293
Net change from available-for-sale securities									(38)
Issuance of preferred stock									394
Repurchases of common stock									(452)	(50)
Other									17
Balance	6,272				5,799				6,272	5,799	5,375
Preferred Stock
Shareholders Equity Activity [Line Items]
Balance				0				$ 0	0	0	0
Net income									0
Net change from available-for-sale securities									0
Issuance of preferred stock									394
Repurchases of common stock									0
Other									0
Balance	394				0				394	0	$ 0
Common Stock Including Additional Paid in Capital
Shareholders Equity Activity [Line Items]
Balance				7,359					7,359
Net income									0
Net change from available-for-sale securities									0
Issuance of preferred stock									0
Repurchases of common stock									(452)
Other									17
Balance	6,924				7,359				6,924	7,359
Accumulated Deficit and Other Comprehensive Loss
Shareholders Equity Activity [Line Items]
Balance				$ (1,560)					(1,560)
Net income									552
Net change from available-for-sale securities									(38)
Issuance of preferred stock									0
Repurchases of common stock									0
Other									0
Balance	$ (1,046)				$ (1,560)				$ (1,046)	$ (1,560)

Shareholders' Equity (Details96

Shareholders' Equity (Details - Accumulated Other Comprehensive Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance,	$ (99)	$ (249)	$ (453)
Other comprehensive income (loss), before reclassifications	(5)	(97)	154
Amounts reclassified from accumulated other comprehensive income (loss)	(33)	247	50
Other comprehensive income (loss)	(38)	150	204
Ending balance,	(137)	(99)	(249)
Unamortized unrealized pre-tax losses related to transfer of available-for-sale securities to held-to-maturity	8
Available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance,	(101)	7	(160)
Other comprehensive income (loss), before reclassifications	(5)	(84)	193
Amounts reclassified from accumulated other comprehensive income (loss)	(33)	(24)	(26)
Other comprehensive income (loss)	(38)	(108)	167
Ending balance,	(139)	(101)	7
Cash flow hedging instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance,	0	(261)	(298)
Other comprehensive income (loss), before reclassifications	0	(10)	(39)
Amounts reclassified from accumulated other comprehensive income (loss)	0	271	76
Other comprehensive income (loss)	0	261	37
Ending balance,	0	0	(261)
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance,	2	5	5
Other comprehensive income (loss), before reclassifications	0	(3)	0
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0
Other comprehensive income (loss)	0	(3)	0
Ending balance,	$ 2	$ 2	$ 5

Shareholders' Equity (Details97

Shareholders' Equity (Details - Other Comprehensive Income Activity) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale securities, before tax
Unrealized gains (losses), before tax	$ (10)	$ (136)	$ 310
Reclassification into earnings, before tax	(53)	(39)	(42)
Net change from available-for-sale securities, before tax	(63)	(175)	268
Cash flow hedging instruments, before tax
Unrealized gains (losses), before tax	0	(17)	(68)
Reclassification into earnings, before tax	0	439	125
Net change from cash flow hedging instruments, before tax	0	422	57
Foreign currency translation, before tax
Foreign currency translation losses, before tax	0	(3)	0
Available-for-sale securities, tax effect
Unrealized gains (losses), tax effect	5	52	(117)
Reclassification into earnings, tax effect	20	15	16
Net change from available-for-sale securities, tax effect	25	67	(101)
Cash flow hedging instruments, tax effect
Unrealized gains (losses), tax effect	0	7	29
Reclassification into earnings, tax effect	0	(168)	(49)
Net change from cash flow hedging instruments, tax effect	0	(161)	(20)
Foreign currency translation, tax effect
Foreign currency translation losses, tax effect	0	0	0
Available-for-sale securities, after tax
Unrealized gains (losses), after tax	(5)	(84)	193
Reclassification into earnings, after tax	(33)	(24)	(26)
Net change from available-for-sale securities	(38)	(108)	167
Cash flow hedging instruments, after tax
Unrealized gains (losses), after tax	0	(10)	(39)
Reclassification into earnings, after tax	0	271	76
Net change from cash flow hedging instruments	0	261	37
Foreign currency translation, after tax
Foreign currency translation, after tax	0	(3)	0
Other comprehensive income (loss), before tax	(63)	244	325
Other comprehensive income (loss), tax effect	25	(94)	(121)
Other comprehensive income (loss)	$ (38)	$ 150	$ 204

Shareholders' Equity (Details98

Shareholders' Equity (Details - Reclassification Out Of Accumulated Other Comprehensive Loss) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Gains (losses) on securities and other, net									$ 42	$ (324)	$ 39
Interest expense									(85)	(194)	(318)
Reclassification into earnings, before tax									838	91	452
Income tax (expense) benefit									(286)	177	(159)
Net income	$ 127	$ 139	$ 133	$ 153	$ 89	$ (153)	$ 292	$ 40	552	268	293
Available-for-sale securities | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Gains (losses) on securities and other, net									53	39	42
Income tax (expense) benefit									(20)	(15)	(16)
Net income									33	24	26
Cash flow hedging instruments | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Gains (losses) on securities and other, net									0	(370)	0
Interest expense									0	(69)	(125)
Reclassification into earnings, before tax									0	(439)	(125)
Income tax (expense) benefit									0	168	49
Net income									$ 0	$ (271)	$ (76)

Shareholders Equity (Details -

Shareholders Equity (Details - Textuals) - USD ($)	Feb. 02, 2017	Aug. 25, 2016	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Nov. 19, 2015
Termination of legacy wholesale funding [Line Items]
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring			$ 370,000,000	$ 0	$ 370,000,000	$ 0
Proceeds from issuance of preferred stock				$ 400,000,000	0	$ 0
Preferred stock, par value				$ 0.01
Preferred stock, liquidation preference				$ 1,000
Share Repurchases
Repurchases of stock				$ 452,000,000	$ 50,000,000
Common Stock
Share Repurchases
Repurchases of stock, shares				19,000,000	2,000,000
November 2015 Plan | Common Stock
Share Repurchases
Repurchases of stock, authorized amount							$ 800,000,000
Repurchases of stock				$ 452,000,000
Repurchases of stock, shares				19,000,000
Repurchase of stock, aggregate amount				$ 502,000,000
Repurchase of stock, aggregate shares				20,600,000
Repurchases of stock, remaining authorized amount				$ 298,000,000
Legacy wholesale funding obligations
Termination of legacy wholesale funding [Line Items]
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring					$ 370,000,000
Series A fixed-to-floating rate non-cumulative perpetual preferred stock
Issuance of preferred stock, shares		400,000
Proceeds from issuance of preferred stock		$ 400,000,000
Proceeds from issuance of preferred stock, net of issuance cost		$ 394,000,000
Preferred stock, par value		$ 0.01
Preferred stock, liquidation preference		$ 1,000
Preferred stock, dividend rate		5.875%
Subsequent Event [Line Items]
Preferred stock dividend declared				$ 0
Series A fixed-to-floating rate non-cumulative perpetual preferred stock | Subsequent Event [Member]
Subsequent Event [Line Items]
Preferred stock dividend declared, per share	$ 32.64
Preferred stock dividend declared	$ 13,000,000
Preferred stock holders of record, date of record	Feb. 28, 2017
Preferred stock dividends, date to be paid	Mar. 15, 2017

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Basic:
Net income	$ 127	$ 139	$ 133	$ 153	$ 89	$ (153)	$ 292	$ 40	$ 552	$ 268	$ 293
Basic weighted-average shares outstanding (in thousands)									277,789	290,762	288,705
Basic earnings per share (in dollars per share)	$ 0.46	$ 0.51	$ 0.48	$ 0.54	$ 0.31	$ (0.53)	$ 1.01	$ 0.14	$ 1.99	$ 0.92	$ 1.02
Diluted:
Net income	$ 127	$ 139	$ 133	$ 153	$ 89	$ (153)	$ 292	$ 40	$ 552	$ 268	$ 293
Basic weighted-average shares outstanding (in thousands)									277,789	290,762	288,705
Effect of dilutive securities:
Weighted-average restricted stock and options issued to employees (in thousands)									872	1,429	1,399
Weighted-average convertible debentures (in thousands)									387	2,820	3,999
Diluted weighted-average shares outstanding (in thousands)									279,048	295,011	294,103
Diluted earnings per share (in dollars per share)	$ 0.46	$ 0.51	$ 0.48	$ 0.53	$ 0.30	$ (0.53)	$ 0.99	$ 0.14	$ 1.98	$ 0.91	$ 1
Stock options and restricted stock awards and units
Antidilutive securities excluded from calculation of earnings per share [Line Items]
Antidilutive securities excluded from the calculation of diluted earnings per share										100	500
Stock options and restricted stock awards and units | Maximum [Member]
Antidilutive securities excluded from calculation of earnings per share [Line Items]
Antidilutive securities excluded from the calculation of diluted earnings per share									100

Regulatory Requirements (Detail

Regulatory Requirements (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Minimum Net Capital Required [Abstract]
Minimum percentage of net capital required for broker dealer subsidiary aggregate indebtedness		6.67%
Alternative net capital requirement		$ 250,000
Minimum percentage of aggregate debit balances		2.00%
Minimum Net Capital, CFTC Regulation, Broker Dealers		$ 1,000,000
Percentage of total risk margin requirements for client accounts		8.00%
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital		$ 159,000,000	$ 162,000,000
Net Capital		1,012,000,000	1,071,000,000
Excess Net Capital		853,000,000	909,000,000
E TRADE Clearing [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital			161,000,000
Net Capital			1,007,000,000
Excess Net Capital			846,000,000
Dividends from subsidiaries paid to parent company		227,000,000
E TRADE Securities [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital		158,000,000	250,000
Net Capital		969,000,000	49,000,000
Excess Net Capital		811,000,000	49,000,000
Dividends from subsidiaries paid to parent company		208,000,000
E TRADE Securities [Member] | Subsequent Event [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Dividends from subsidiaries paid to parent company	$ 70,000,000
OptionsHouse [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital		1,000,000
Net Capital		22,000,000
Excess Net Capital		21,000,000
Other Broker Dealers [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital		0	1,000,000
Net Capital		21,000,000	15,000,000
Excess Net Capital		$ 21,000,000	$ 14,000,000

Regulatory Requirements - Bank

Regulatory Requirements - Bank Capital Requirements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Capital conservation buffer [Member]
Common equity Tier I capital [Abstract]
Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets	4.50%
Tier I risk based capital [Abstract]
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	6.00%
Total risk-based capital [Abstract]
Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%
New regulation [Member]
Total risk-based capital [Abstract]
Phase-in period	4 years
New regulation implementation, year 2015 [Member]
Total risk-based capital [Abstract]
Phase-in percentage	40.00%
New regulation implementation, year 2018 [Member]
Total risk-based capital [Abstract]
Phase-in percentage	100.00%
Minimum [Member] | Capital conservation buffer [Member]
Common equity Tier I capital [Abstract]
Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets	2.50%
Parent Company [Member]
Tier I leverage [Abstract]
Tier One Leverage Capital	$ 3,610	$ 3,747
Tier One Leverage Capital to Adjusted Assets	7.80%	9.00%
Tier One Leverage Capital Required to be Well Capitalized	$ 2,316	$ 2,093
Tier One Leverage Capital Required to be Well Capitalized to Adjusted Assets	5.00%	5.00%
Excess Tier One Leverage Capital to be Well Capitalized	$ 1,294	$ 1,654
Common equity Tier I capital [Abstract]
Common Equity Tier One Capital	$ 3,483	$ 3,747
Common Equity Tier One Capital to Risk Weighted Assets	37.00%	39.30%
Common Equity Tier One Capital Required To Be Well Capitalized	$ 612	$ 620
Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%	6.50%
Excess Common Equity Tier One Capital To Be Well Capitalized	$ 2,871	$ 3,127
Tier I risk based capital [Abstract]
Tier One Risk Based Capital	$ 3,610	$ 3,747
Tier One Risk Based Capital to Risk Weighted Assets	38.30%	39.30%
Tier One Risk Based Capital Required to be Well Capitalized	$ 754	$ 763
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Excess Tier One Risk Based Capital to be Well Capitalized	$ 2,856	$ 2,984
Total risk-based capital [Abstract]
Capital	$ 4,148	$ 4,186
Capital to Risk Weighted Assets	44.00%	43.90%
Capital Required to be Well Capitalized	$ 942	$ 954
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Excess capital to be well capitalized	$ 3,206	$ 3,232
Dividends from subsidiaries paid to parent company	858	859	$ 311
E TRADE Bank [Member]
Tier I leverage [Abstract]
Tier One Leverage Capital	$ 3,132	$ 3,075
Tier One Leverage Capital to Adjusted Assets	8.80%	9.70%
Tier One Leverage Capital Required to be Well Capitalized	$ 1,786	$ 1,579
Tier One Leverage Capital Required to be Well Capitalized to Adjusted Assets	5.00%	5.00%
Excess Tier One Leverage Capital to be Well Capitalized	$ 1,346	$ 1,496
Common equity Tier I capital [Abstract]
Common Equity Tier One Capital	$ 3,132	$ 3,075
Common Equity Tier One Capital to Risk Weighted Assets	38.30%	36.50%
Common Equity Tier One Capital Required To Be Well Capitalized	$ 532	$ 548
Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%	6.50%
Excess Common Equity Tier One Capital To Be Well Capitalized	$ 2,600	$ 2,527
Tier I risk based capital [Abstract]
Tier One Risk Based Capital	$ 3,132	$ 3,075
Tier One Risk Based Capital to Risk Weighted Assets	38.30%	36.50%
Tier One Risk Based Capital Required to be Well Capitalized	$ 655	$ 674
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Excess Tier One Risk Based Capital to be Well Capitalized	$ 2,477	$ 2,401
Total risk-based capital [Abstract]
Capital	$ 3,237	$ 3,185
Capital to Risk Weighted Assets	39.50%	37.80%
Capital Required to be Well Capitalized	$ 819	$ 842
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Excess capital to be well capitalized	$ 2,418	$ 2,343
Dividends from subsidiaries paid to parent company	$ 423	$ 281	$ 300

Lease Arrangements (Details)

Lease Arrangements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Lease Arrangements Textuals [Abstract]
Operating Leases, Longest Term, Year	2,028
Operating leases, rent expense, net	$ 24	$ 22	$ 21
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	26
Operating Leases, Future Minimum Payments, Due in Two Years	27
Operating Leases, Future Minimum Payments, Due in Three Years	24
Operating Leases, Future Minimum Payments, Due in Four Years	18
Operating Leases, Future Minimum Payments, Due in Five Years	17
Operating Leases, Future Minimum Payments, Due Thereafter	26
Operating Leases, Future Minimum Payments Due	138
Sublease proceeds	(2)
Net lease commitments	$ 136

Commitments, Contingencies a104

Commitments, Contingencies and Other Regulatory Matters (Details)	Oct. 20, 2014	May 16, 2011	Dec. 31, 2016USD ($)$ / CapitalSecurity	Jun. 30, 2016USD ($)	Dec. 31, 2003USD ($)	Feb. 10, 2017	Apr. 30, 2013$ / shares
Loss Contingencies [Line Items]
Commitments to fund partnerships			$ 83,000,000
Time deposit maturities, next rolling twelve months			$ 23,000,000
Supply Commitment [Line Items]
Trust preferred securities contractual time period			30 years
Liquidation amount per trust preferred security | $ / CapitalSecurity			1,000
Estimated maximum potential liability trust preferred securities			$ 418,000,000
Unfunded Commitments to Extend Credit [Member]
Supply Commitment [Line Items]
Unfunded Commitments To Extend Credit			$ 18,000,000
Axajo Complaint [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value					$ 1,000,000
Droplets Inc Complaint [Member]
Loss Contingencies [Line Items]
Loss Contingency, Patents Allegedly Infringed, Number		2
John Scranton Complaint [Member]
Loss Contingencies [Line Items]
Alleged Minimum Amount Company Would Exercise Options At Expiration | $ / shares							$ 0.01
John Scranton Complaint [Member] | Judicial Ruling With Prejudice [Member]
Loss Contingencies [Line Items]
Loss Contingency, Claims Dismissed, Number	4
John Scranton Complaint [Member] | Judicial Ruling Without Prejudice [Member]
Loss Contingencies [Line Items]
Loss Contingency, Claims Dismissed, Number	2
FINRA Order Handling Review [Member] | Unfavorable Regulatory Action [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount				$ (900,000)
Craig L Schwab Complaint [Member] | Subsequent Event [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number						2

Condensed Financial Informat105

Condensed Financial Information Condensed Statement of Comprehensive Income (Loss) (Parent Only) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Other revenue									$ 41	$ 39	$ 38
Total net revenue	$ 509	$ 486	$ 474	$ 472	$ 439	$ 61	$ 429	$ 441	1,941	1,370	1,704
Total non-interest expense									1,252	1,319	1,216
Income before income tax expense (benefit) and equity in income (loss) of consolidated subsidiaries									838	91	452
Income tax expense (benefit)									286	(177)	159
Net income	$ 127	$ 139	$ 133	$ 153	$ 89	$ (153)	$ 292	$ 40	552	268	293
Other comprehensive (loss) income									(38)	150	204
Comprehensive income									514	418	497
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Dividends from subsidiaries(1)									858	859	311
Other revenue									328	317	226
Total net revenue									1,186	1,176	537
Total non-interest expense									501	560	480
Income before income tax expense (benefit) and equity in income (loss) of consolidated subsidiaries									685	616	57
Income tax expense (benefit)									456	(287)	(88)
Equity in undistributed income (loss) of subsidiaries									323	(635)	148
Net income									552	268	293
Other comprehensive (loss) income									(38)	150	204
Comprehensive income									514	418	497
E TRADE Bank [Member]
Condensed Financial Statements, Captions [Line Items]
Dividends from subsidiaries(1)									$ 423	$ 281	$ 300

Condensed Financial Informat106

Condensed Financial Information Condensed Balance Sheet (Parent Only) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Cash and equivalents	$ 1,950	$ 2,233	$ 1,783	$ 1,838
Property and equipment, net	239	236
Deferred tax assets, net	756	1,033
Other assets	923	769
Assets	48,999	45,427
Corporate debt	994	997
Other liabilities	500	575
Liabilities	42,727	39,628
Total shareholders’ equity	6,272	5,799	5,375	4,856
Total liabilities and shareholders’ equity	48,999	45,427
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Cash and equivalents	416	432	$ 220	$ 406
Property and equipment, net	148	156
Investment in consolidated subsidiaries(1)	6,523	5,434
Receivable from subsidiaries	38	57
Deferred tax assets, net	179	739
Other assets	153	173
Assets	7,457	6,991
Corporate debt	994	997
Other liabilities	191	195
Liabilities	1,185	1,192
Total shareholders’ equity	6,272	5,799
Total liabilities and shareholders’ equity	7,457	6,991
E TRADE Bank [Member]
Condensed Financial Statements, Captions [Line Items]
Investment in consolidated subsidiaries(1)	$ 3,153	$ 3,181

Condensed Financial Informat107

Condensed Financial Information Condensed Statement of Cash Flows (Parent Only) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net income	$ 127	$ 139	$ 133	$ 153	$ 89	$ (153)	$ 292	$ 40	$ 552	$ 268	$ 293
Depreciation and amortization									239	325	331
Equity in undistributed (income) loss from subsidiaries									5	(9)	(7)
Losses on early extinguishment of debt									0	(37)	(6)
Other									(5)	1	1
Net Cash Provided by (Used in) Operating Activities, Continuing Operations									1,625	832	701
Capital expenditures for property and equipment									75	70	87
Other									1	(73)	69
Net Cash Provided by (Used in) Investing Activities, Continuing Operations									(4,004)	2	1,713
Proceeds from issuance of senior notes									0	460	540
Payments on senior notes									0	(800)	(940)
Issuance of preferred stock									400	0	0
Repurchases of common stock									(452)	(50)	0
Other									(7)	(8)	53
Net Cash Provided by (Used in) Financing Activities, Continuing Operations									2,096	(384)	(2,469)
Cash and Cash Equivalents, Period Increase (Decrease)									(283)	450	(55)
Cash and equivalents	1,950				2,233				1,950	2,233	1,783	$ 1,838
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									552	268	293
Depreciation and amortization									48	44	38
Equity in undistributed (income) loss from subsidiaries									(323)	635	(148)
Losses on early extinguishment of debt									0	(5)	(6)
Other									564	(163)	(28)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations									841	789	161
Capital expenditures for property and equipment									(36)	33	(62)
Proceeds from sale of subsidiary									0	0	76
Cash contributions to subsidiaries									(766)	(147)	(29)
Other									16	0	0
Net Cash Provided by (Used in) Investing Activities, Continuing Operations									(786)	(180)	(15)
Proceeds from issuance of senior notes									0	460	540
Payments on senior notes									0	(800)	940
Issuance of preferred stock									400	0	0
Repurchases of common stock									(452)	(50)	0
Other									(19)	(7)	68
Net Cash Provided by (Used in) Financing Activities, Continuing Operations									(71)	(397)	(332)
Cash and Cash Equivalents, Period Increase (Decrease)									(16)	212	(186)
Cash and equivalents	$ 416				$ 432				$ 416	$ 432	$ 220	$ 406

Condensed Financial Informat108

Condensed Financial Information (Parent Company) Guarantees (Details) - Parent Company [Member] - Foreign Exchange Guarantee [Member]	Dec. 31, 2016USD ($)
Condensed Financial Information Parent Company Guarantees [Line Items]
Guarantor obligations, current carrying value	$ 0
Collateral Pledged Parent Company Guarantees	$ 0

Quarterly Data (Unaudited) (Det

Quarterly Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total net revenue	$ 509	$ 486	$ 474	$ 472	$ 439	$ 61	$ 429	$ 441	$ 1,941	$ 1,370	$ 1,704
Net income	$ 127	$ 139	$ 133	$ 153	$ 89	$ (153)	$ 292	$ 40	$ 552	$ 268	$ 293
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.46	$ 0.51	$ 0.48	$ 0.54	$ 0.31	$ (0.53)	$ 1.01	$ 0.14	$ 1.99	$ 0.92	$ 1.02
Diluted (in dollars per share)	$ 0.46	$ 0.51	$ 0.48	$ 0.53	$ 0.30	$ (0.53)	$ 0.99	$ 0.14	$ 1.98	$ 0.91	$ 1
Income Statement [Abstract]
Pre-tax benefit to provision of loan losses	$ 18	$ 62	$ 35	$ 34					$ (149)	$ (40)	$ 36
Losses on Early Extinguishment of Debt						$ (39)		$ (73)	0	(112)	(71)
Income Tax Benefit, Resulting from Settlements with Taxing Authorities							$ (220)
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring						$ 370			$ 0	$ 370	$ 0