E Trade Financial (ETFC) 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 28, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
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		275,010,754
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue:
Interest income	$ 341	$ 308
Interest expense	(22)	(21)
Net interest income	319	287
Commissions	127	107
Fees and service charges	86	58
Gains on securities and other, net	10	10
Other revenue	11	10
Total non-interest income	234	185
Total net revenue	553	472
Provision (benefit) for loan losses	(14)	(34)
Non-interest expense:
Compensation and benefits	136	126
Advertising and market development	43	43
Clearing and servicing	32	24
Professional services	22	22
Occupancy and equipment	27	23
Communications	25	23
Depreciation and amortization	20	20
FDIC insurance premiums	8	6
Amortization of other intangibles	9	5
Restructuring and acquisition-related activities	4	2
Other non-interest expenses	16	18
Total non-interest expense	342	312
Income before income tax expense	225	194
Income tax expense	80	41
Net income	145	153
Preferred stock dividends	13	0
Net income available to common shareholders	$ 132	$ 153
Basic earnings per share (in dollars per share)	$ 0.48	$ 0.54
Diluted earnings per share (in dollars per share)	$ 0.48	$ 0.53
Shares used in computation of per common share data:
Basic (in thousands)	274,876	285,274
Diluted (in thousands)	276,277	286,680

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 145	$ 153
Available-for-sale securities:
Unrealized gains, net	46	94
Reclassification into earnings, net	(5)	(9)
Net change from available-for-sale securities	41	85
Reclassification of foreign currency translation gains	(2)	0
Other comprehensive income (loss)	39	85
Comprehensive income	$ 184	$ 238

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and equivalents	$ 998	$ 1,950
Cash required to be segregated under federal or other regulations	1,876	1,460
Available-for-sale securities	17,769	13,892
Held-to-maturity securities (fair value of $19,180 and $15,716 at March 31, 2017 and December 31, 2016, respectively)	19,191	15,751
Margin receivables	6,906	6,731
Loans receivable, net (net of allowance for loan losses of $213 million and $221 million at March 31, 2017 and December 31, 2016, respectively)	3,288	3,551
Receivables from brokers, dealers and clearing organizations	1,410	1,056
Property and equipment, net	239	239
Goodwill	2,370	2,370
Other intangibles, net	312	320
Deferred tax assets, net	653	756
Other assets	867	923
Total assets	55,879	48,999
Liabilities:
Deposits	37,384	31,682
Customer payables	8,926	8,159
Payables to brokers, dealers and clearing organizations	1,288	983
Other borrowings	409	409
Corporate debt	991	994
Other liabilities	437	500
Total liabilities	49,435	42,727
Commitments and contingencies (see Note 14)
Shareholders’ equity:
Preferred stock, $0.01 par value, $1,000 liquidation preference, shares authorized: 1,000,000 at March 31, 2017 and December 31, 2016; shares issued and outstanding: 400,000 at both March 31, 2017 and December 31, 2016	394	394
Common stock, $0.01 par value, shares authorized: 400,000,000 at March 31, 2017 and December 31, 2016; shares issued and outstanding: 275,006,536 and 273,963,415 at March 31, 2017 and December 31, 2016, respectively	3	3
Additional paid-in-capital	6,919	6,921
Accumulated deficit	(774)	(909)
Accumulated other comprehensive loss	(98)	(137)
Total shareholders’ equity	6,444	6,272
Total liabilities and shareholders’ equity	$ 55,879	$ 48,999

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEET (Parentheticals) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Held-to-maturity securities, fair value	$ 19,180	$ 15,716
Allowance for loan losses	$ 213	$ 221
Shareholders’ equity:
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, liquidation preference	$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	400,000	400,000
Preferred stock, shares outstanding (in shares)	400,000	400,000
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)	275,006,536	273,963,415
Common stock shares outstanding (in shares)	275,006,536	273,963,415

CONDENSED CONSOLIDATED STATEME6

CONDENSED 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, 2015	$ 5,799		$ 3	$ 7,356	$ (1,461)	$ (99)
Balance, (in shares) at Dec. 31, 2015			291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	153				153
Other comprehensive income (loss)	85					85
Conversion of convertible debentures	4			4
Conversion of convertible debentures, shares			1
Exercise of stock options and related tax effects	2			2
Repurchases of common stock	(301)			(301)
Repurchases of common stock, shares			(13)
Issuance of common stock for share-based compensation, net of shares withheld to pay taxes	(13)			(13)
Issuance of common stock for share-based compensation, net of shares withheld to pay taxes, shares			1
Share-based compensation	8			8
Balance, at Mar. 31, 2016	5,737		$ 3	7,056	(1,308)	(14)
Balance, (in shares) at Mar. 31, 2016			280
Balance, at Dec. 31, 2016	6,272	$ 394	$ 3	6,921	(909)	(137)
Balance, (in shares) at Dec. 31, 2016			274
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of accounting change	3				3
Net income	145				145
Other comprehensive income (loss)	39					39
Conversion of convertible debentures	$ 3			3
Conversion of convertible debentures, shares	0.3
Preferred stock dividends	$ (13)				(13)
Issuance of common stock for share-based compensation, net of shares withheld to pay taxes	(15)			(15)
Issuance of common stock for share-based compensation, net of shares withheld to pay taxes, shares			1
Share-based compensation	10			10
Balance, at Mar. 31, 2017	$ 6,444	$ 394	$ 3	$ 6,919	$ (774)	$ (98)
Balance, (in shares) at Mar. 31, 2017			275

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 145	$ 153
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (benefit) for loan losses	(14)	(34)
Depreciation and amortization (including discount amortization and accretion)	61	53
Gains on securities and other, net	(10)	(10)
Share-based compensation	10	8
Deferred tax expense	81	42
Other	(4)	4
Net effect of changes in assets and liabilities:
Increase in cash required to be segregated under federal or other regulations	(416)	(1,101)
Increase in receivables from brokers, dealers and clearing organizations	(354)	(91)
(Increase) decrease in margin receivables	(175)	1,062
Decrease (increase) in other assets	13	(5)
Increase (decrease) in payables to brokers, dealers and clearing organizations	305	(139)
Increase in customer payables	767	249
Decrease in other liabilities	(44)	(83)
Net cash provided by operating activities	365	108
Cash flows from investing activities:
Purchases of available-for-sale securities	(4,426)	(1,993)
Proceeds from sales of available-for-sale securities	248	703
Proceeds from maturities of and principal payments on available-for-sale securities	336	285
Purchases of held-to-maturity securities	(3,963)	(2,378)
Proceeds from maturities of and principal payments on held-to-maturity securities	513	430
Decrease in loans receivable	273	282
Capital expenditures for property and equipment	(23)	(20)
Proceeds from sale of real estate owned and repossessed assets	8	5
Net cash flow from derivative contracts	42	(38)
Other	2	20
Net cash used in investing activities	(6,990)	(2,704)
Cash flows from financing activities:
Increase in deposits	5,702	2,384
Preferred stock dividends	(13)	0
Net decrease in securities sold under agreements to repurchase	0	(82)
Repurchases of common stock	0	(301)
Other	(16)	(11)
Net cash provided by financing activities	5,673	1,990
Decrease in cash and equivalents	(952)	(606)
Cash and equivalents, beginning of period	1,950	2,233
Cash and equivalents, end of period	998	1,627
Supplemental disclosures:
Cash paid for interest	20	17
Cash paid for income taxes, net of refunds	1	2
Non-cash investing and financing activities:
Transfers from loans to other real estate owned and repossessed assets	6	5
Conversion of convertible debentures to common stock	$ 3	$ 4

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
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. Basis of Presentation The condensed consolidated financial statements, also referred to herein as 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 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. These consolidated financial statements should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2016 . While certain disclosures included in annual financial statements prepared in accordance with GAAP have been omitted in this quarterly report, the Company believes that the information and disclosures presented herein are adequate and that such disclosures are not misleading. 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. Adoption of New Accounting Standards Accounting for Employee Share-Based Payments In March 2016, the FASB amended the accounting guidance on employee share-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 them as they occur. The Company adopted the amended accounting guidance as of January 1, 2017 and recognized a $3 million deferred tax asset and cumulative-effect adjustment to equity as of the beginning of the period. In addition, for the three months ended March 31, 2016 the Company reclassified $12 million related to shares withheld to pay taxes from cash flows from operating activities to cash flows from financing activities. Forfeitures will continue to be estimated consistent with the Company's prior 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. During the three months ended March 31, 2017 the Company recognized a $5 million income tax benefit in accordance with the new guidance. 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 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 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 consolidated financial statements. The new guidance will be effective for interim and annual periods beginning on January 1, 2019 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 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. 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 the 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 consolidated 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 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 consolidated statement of cash flows to eliminate current diversity in practice. The amended guidance requires the consolidated 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 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 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 and must be applied prospectively. Early adoption is permitted. Premium Amortization on Purchased Callable Debt Securities In March 2017, the FASB issued guidance to amend the amortization period for certain purchased callable debt securities held at a premium. The amended guidance shortens the amortization period for certain callable debt securities held at a premium by requiring the premium to be amortized to the earliest call date. The guidance does not amend the accounting for securities held at a discount. The guidance will be effective for interim and annual periods beginning January 1, 2019 and must be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Early adoption is permitted. Based on the current composition of the Company's securities portfolio, the new guidance is not expected to have a significant impact on the Company's financial condition or results of operations.

Interest Income and Interest Ex

Interest Income and Interest Expense	3 Months Ended
	Mar. 31, 2017
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): Three Months Ended March 31, 2017 2016 Interest income: Cash and equivalents $ 2 $ 2 Cash required to be segregated under federal or other regulation 3 1 Available-for-sale securities 85 64 Held-to-maturity securities 120 103 Margin receivables 66 64 Loans 43 51 Subtotal interest income 319 285 Other interest revenue (1) 22 23 Total interest income 341 308 Interest expense: Deposits (1 ) (1 ) Customer payables (1 ) (1 ) Other borrowings (5 ) (5 ) Corporate debt (14 ) (13 ) Subtotal interest expense (21 ) (20 ) Other interest expense (2) (1 ) (1 ) Total interest expense (22 ) (21 ) Net interest income $ 319 $ 287 (1) Represents interest income on securities loaned. (2) Represents interest expense on securities borrowed.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2017
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 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. All of the Company’s municipal bonds were rated investment grade at March 31, 2017 . 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 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. 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 March 31, 2017 and December 31, 2016 : Unobservable Inputs Average Range March 31, 2017 Loans receivable: One- to four-family Appraised value $ 397,700 $50,000-$1,100,000 Home equity Appraised value $ 312,300 $15,000-$2,400,000 Real estate owned Appraised value $ 290,600 $29,000-$1,450,000 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 Recurring and Nonrecurring Fair Value Measurements Assets and liabilities measured at fair value at March 31, 2017 and December 31, 2016 are summarized in the following tables (dollars in millions): Level 1 Level 2 Level 3 Total Fair Value March 31, 2017: Recurring fair value measurements: Assets Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ — $ 16,496 $ — $ 16,496 Agency debentures — 929 — 929 U.S. Treasuries — 281 — 281 Agency debt securities — 24 — 24 Municipal bonds — 32 — 32 Total debt securities — 17,762 — 17,762 Publicly traded equity securities 7 — — 7 Total available-for-sale securities 7 17,762 — 17,769 Receivables from brokers, dealers and clearing organizations: U.S. Treasuries 122 — — 122 Other assets: Derivative assets (1) — 128 — 128 Total assets measured at fair value on a recurring basis (2) $ 129 $ 17,890 $ — $ 18,019 Liabilities Other liabilities: Derivative liabilities (1) $ — $ 12 $ — $ 12 Total liabilities measured at fair value on a recurring basis (2) $ — $ 12 $ — $ 12 Nonrecurring fair value measurements: Loans receivable, net: One- to four-family $ — $ — $ 9 $ 9 Home equity — — 22 22 Total loans receivable — — 31 31 Other assets: Real estate owned — — 17 17 Total assets measured at fair value on a nonrecurring basis (3) $ — $ — $ 48 $ 48 (1) All derivative assets and liabilities were interest rate contracts at March 31, 2017 . Information related to derivative instruments is detailed in Note 7—Derivative Instruments and Hedging Activities . (2) Assets and liabilities measured at fair value on a recurring basis represented 32% and less than 1% of the Company’s total assets and total liabilities, respectively, at March 31, 2017 . (3) Represents the fair value of assets prior to deducting estimated selling costs that were carried on the consolidated balance sheet at March 31, 2017 , and for which a fair value measurement was recorded during the period. 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 Other 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, net: One- to four-family $ — $ — $ 25 $ 25 Home equity — — 21 21 Total loans receivable — — 46 46 Other assets: 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 7—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. The following table presents gains and losses recognized on assets measured at fair value on a nonrecurring basis during the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 One- to four-family $ 1 $ 1 Home equity 1 3 Total losses on loans receivable measured at fair value $ 2 $ 4 Losses (gains) on real estate owned measured at fair value $ (1 ) $ — Transfers Between Levels 1, 2 and 3 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 levels during the three months ended March 31, 2017 and 2016 . 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 March 31, 2017 and December 31, 2016 (dollars in millions): March 31, 2017 Carrying Value Level 1 Level 2 Level 3 Total Fair Value Assets Cash and equivalents $ 998 $ 998 $ — $ — $ 998 Cash required to be segregated under federal or other regulations $1,876 $1,876 $ — $ — $ 1,876 Held-to-maturity securities: Agency mortgage-backed securities $ 16,218 $ — $ 16,209 $ — $ 16,209 Agency debentures 203 — 203 — 203 Agency debt securities 2,766 — 2,764 — 2,764 Other non-agency debt securities 4 — — 4 4 Total held-to-maturity securities $ 19,191 $ — $ 19,176 $ 4 $ 19,180 Margin receivables (1) $ 6,906 $ — $6,906 $ — $ 6,906 Loans receivable, net: One- to four-family $ 1,784 $ — $ — $ 1,819 $ 1,819 Home equity 1,276 — — 1,225 1,225 Consumer 228 — — 227 227 Total loans receivable, net (2) $ 3,288 $ — $ — $ 3,271 $ 3,271 Receivables from brokers, dealers and clearing organizations (1) $ 1,288 $ — $1,288 $ — $ 1,288 Liabilities Deposits $ 37,384 $ — $ 37,384 $ — $ 37,384 Customer payables $ 8,926 $ — $8,926 $ — $ 8,926 Payables to brokers, dealers and clearing organizations $ 1,288 $ — $1,288 $ — $ 1,288 Trust preferred securities $ 409 $ — $ — $ 305 $ 305 Corporate debt $ 991 $ — $ 1,042 $ — $ 1,042 (1) 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 $10.3 billion and $9.8 billion at March 31, 2017 and December 31, 2016 , respectively. Of this amount, $2.5 billion and $2.0 billion had been pledged or sold in connection with securities loans and deposits with clearing organizations at March 31, 2017 and December 31, 2016 , respectively. (2) The carrying value of loans receivable, net includes the allowance for loan losses of $213 million and loans that are recorded at fair value on a nonrecurring basis at March 31, 2017 . 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 . The fair value measurement techniques for financial instruments not carried at fair value on the consolidated balance sheet at March 31, 2017 and December 31, 2016 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 using a discounted cash flow model. For the remainder of deposits, fair value is the amount payable on demand at the reporting date. 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 ten years . Information related to such commitments and contingent liabilities is included in Note 14—Commitments, Contingencies and Other Regulatory Matters .

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	3 Months Ended
	Mar. 31, 2017
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 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 consolidated financial statements to evaluate the potential effect of rights of set-off between these recognized assets and recognized liabilities at March 31, 2017 and December 31, 2016 (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 March 31, 2017 Assets: Deposits paid for securities borrowed (2) $ 995 $ — $ 995 $ (273 ) $ (700 ) $ 22 Total $ 995 $ — $ 995 $ (273 ) $ (700 ) $ 22 Liabilities: Deposits received for securities loaned (3) $ 1,246 $ — $ 1,246 $ (273 ) $ (886 ) $ 87 Derivative liabilities (4)(5) 4 — 4 — (4 ) — Total $ 1,250 $ — $ 1,250 $ (273 ) $ (890 ) $ 87 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 (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 and derivative liabilities are reflected in the payables to brokers, dealers and clearing organizations and other liabilities line items in the consolidated balance sheet, respectively. (2) Included in the gross amounts of deposits paid for securities borrowed was $701 million and $307 million at March 31, 2017 and December 31, 2016 , 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 $745 million and $546 million at March 31, 2017 and December 31, 2016 , 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 $1 million and $2 million at March 31, 2017 and December 31, 2016 , respectively. (5) The collateral pledged included held-to-maturity securities at amortized cost for March 31, 2017 and available-for-sale securities at fair value for December 31, 2016 . 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. 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 March 31, 2017 and December 31, 2016 , the Company had $128 million and $165 million , respectively, of cleared derivative contract assets. At March 31, 2017 and December 31, 2016 , the Company had $8 million and $25 million , respectively, of cleared derivative contract liabilities. In January 2017, a clearing organization through which the Company executes certain of its derivative contracts amended its rulebook to legally characterize variation margin payments as settlements of the derivatives' exposure rather than collateral against the exposure. For these contracts, amounts exchanged with counterparties are reflected as a reduction of the related derivative assets or liabilities, including accrued interest, on the consolidated balance sheet. At March 31, 2017, the Company had derivative assets and liabilities of $16 million and $17 million , respectively, excluding accrued interest, that were settled by variation margin payments and are therefore excluded from the table above.

Available-for-Sale and Held-to-

Available-for-Sale and Held-to-Maturity Securities	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 are shown in the following tables (dollars in millions): Amortized Cost Gross Unrealized / Unrecognized Gains Gross Unrealized / Unrecognized Losses Fair Value March 31, 2017: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 16,754 $ 36 $ (294 ) $ 16,496 Agency debentures 927 21 (19 ) 929 U.S. Treasuries 298 — (17 ) 281 Agency debt securities 25 — (1 ) 24 Municipal bonds 32 — — 32 Total debt securities 18,036 57 (331 ) 17,762 Publicly traded equity securities (1) 7 — — 7 Total available-for-sale securities $ 18,043 $ 57 $ (331 ) $ 17,769 Held-to-maturity securities: Agency mortgage-backed securities $ 16,218 $ 132 $ (141 ) $ 16,209 Agency debentures 203 — — 203 Agency debt securities 2,766 26 (28 ) 2,764 Other non-agency debt securities 4 — — 4 Total held-to-maturity securities $ 19,191 $ 158 $ (169 ) $ 19,180 December 31, 2016: Available-for-sale securities: 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 (1) 7 — — 7 Total available-for-sale securities $ 14,253 $ 42 $ (403 ) $ 13,892 Held-to-maturity securities: 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 (1) 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 March 31, 2017 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 6 6 Due within five to ten years 6,452 6,324 Due after ten years 11,578 11,432 Total available-for-sale debt securities $ 18,036 $ 17,762 Held-to-maturity debt securities: Due within one year $ 152 $ 153 Due within one to five years 1,575 1,614 Due within five to ten years 5,177 5,178 Due after ten years 12,287 12,235 Total held-to-maturity debt securities $ 19,191 $ 19,180 At March 31, 2017 and December 31, 2016, the Company pledged $2.6 billion and $0.5 billion , respectively, of held-to-maturity debt securities, and $6 million of available-for-sale securities at both periods, as collateral for FHLB advances, 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 March 31, 2017 and December 31, 2016 (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 March 31, 2017: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 10,264 $ (243 ) $ 1,666 $ (51 ) $ 11,930 $ (294 ) Agency debentures 370 (19 ) — — 370 (19 ) U.S. Treasuries 281 (17 ) — — 281 (17 ) Agency debt securities 24 (1 ) — — 24 (1 ) Municipal bonds 22 — — — 22 — Publicly traded equity securities 7 — — — 7 — Total temporarily impaired available-for-sale securities $ 10,968 $ (280 ) $ 1,666 $ (51 ) $ 12,634 $ (331 ) Held-to-maturity securities: Agency mortgage-backed securities $ 6,464 $ (113 ) $ 1,189 $ (28 ) $ 7,653 $ (141 ) Agency debentures 123 — — — 123 — Agency debt securities 1,707 (28 ) 18 — 1,725 (28 ) Total temporarily impaired held-to-maturity securities $ 8,294 $ (141 ) $ 1,207 $ (28 ) $ 9,501 $ (169 ) 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 ) 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 March 31, 2017 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 March 31, 2017 . There were no impairment losses recognized in earnings on available-for-sale or held-to-maturity securities during the three months ended March 31, 2017 and 2016 , respectively. Gains on Securities and Other, Net The following table shows the components of the gains on securities and other, net line item on the consolidated statement of income for the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 Gains on available-for-sale securities $ 8 $ 15 Hedge ineffectiveness (1 ) (2 ) Equity method investment income (loss) and other 3 (3 ) Gains on securities and other, net $ 10 $ 10

Loans Receivable, Net

Loans Receivable, Net	3 Months Ended
	Mar. 31, 2017
Loans and Leases Receivable Disclosure [Abstract]
LOANS RECEIVABLE, NET	LOANS RECEIVABLE, NET Loans receivable, net at March 31, 2017 and December 31, 2016 are summarized as follows (dollars in millions): March 31, December 31, 2017 2016 One- to four-family $ 1,819 $ 1,950 Home equity 1,437 1,556 Consumer 230 250 Total loans receivable 3,486 3,756 Unamortized premiums, net 15 16 Allowance for loan losses (213 ) (221 ) Total loans receivable, net $ 3,288 $ 3,551 At March 31, 2017 , the Company pledged $2.9 billion and $0.2 billion of loans as collateral to the FHLB and Federal Reserve Bank, respectively. 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. 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 March 31, 2017 and December 31, 2016 (dollars in millions): Recorded Investment Allowance for Loan Losses March 31, December 31, March 31, December 31, 2017 2016 2017 2016 Collectively evaluated for impairment: One- to four-family $ 1,595 $ 1,717 $ 41 $ 38 Home equity 1,249 1,361 117 120 Consumer 233 253 5 5 Total collectively evaluated for impairment 3,077 3,331 163 163 Individually evaluated for impairment: One- to four-family 236 246 5 7 Home equity 188 195 45 51 Total individually evaluated for impairment 424 441 50 58 Total $ 3,501 $ 3,772 $ 213 $ 221 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 March 31, 2017 and December 31, 2016 (dollars in millions): One- to Four-Family Home Equity March 31, December 31, March 31, December 31, Current LTV/CLTV (1) 2017 2016 2017 2016 <=80% $ 1,208 $ 1,308 $ 650 $ 686 80%-100% 392 413 379 414 100%-120% 130 143 249 274 >120% 89 86 159 182 Total mortgage loans receivable $ 1,819 $ 1,950 $ 1,437 $ 1,556 Average estimated current LTV/CLTV (2) 73 % 73 % 86 % 87 % 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 March 31, December 31, March 31, December 31, Current FICO 2017 2016 2017 2016 >=720 $ 1,041 $ 1,121 $ 705 $ 778 719 - 700 166 179 152 156 699 - 680 140 153 128 141 679 - 660 106 121 99 117 659 - 620 140 154 143 149 <620 226 222 210 215 Total mortgage loans receivable $ 1,819 $ 1,950 $ 1,437 $ 1,556 Concentrations 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 March 31, 2017 : Period of Conversion to Amortizing Loan % of One- to Four-Family Portfolio % of Home Equity Line of Credit Portfolio Already amortizing 84% 96% Q2 2017 11% 3% Q3 2017 or later 5% 1% The average age of our mortgage loans receivable was 11.1 and 10.8 years at March 31, 2017 and December 31, 2016 , respectively. Approximately 36% of the Company’s mortgage loans receivable were concentrated in California at March 31, 2017 and December 31, 2016 . No other state had concentrations of mortgage loans that represented 10% or more of the Company’s mortgage loans receivable at March 31, 2017 and December 31, 2016 . Delinquent Loans The following table shows total loans receivable by delinquency category at March 31, 2017 and December 31, 2016 (dollars in millions): Current 30-89 Days Delinquent 90-179 Days Delinquent 180+ Days Delinquent Total March 31, 2017 One- to four-family $ 1,623 $ 84 $ 25 $ 87 $ 1,819 Home equity 1,327 43 20 47 1,437 Consumer 225 4 1 — 230 Total loans receivable $ 3,175 $ 131 $ 46 $ 134 $ 3,486 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 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 91% for a trailing twelve-month period as of March 31, 2017 . Nonperforming Loans The following table shows the comparative data for nonperforming loans at March 31, 2017 and December 31, 2016 (dollars in millions): March 31, December 31, 2017 2016 One- to four-family $ 212 $ 215 Home equity 130 136 Consumer 1 1 Total nonperforming loans receivable $ 343 $ 352 At March 31, 2017 and December 31, 2016 , the Company held $29 million and $35 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 held $114 million and $112 million of loans for which formal foreclosure proceedings were in process at March 31, 2017 and December 31, 2016, respectively. Allowance for Loan Losses The following table provides a roll forward by loan portfolio of the allowance for loan losses for the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 45 $ 171 $ 5 $ 221 Provision (benefit) for loan losses — (15 ) 1 (14 ) Charge-offs — — (2 ) (2 ) Recoveries 1 6 1 8 Net (charge-offs) recoveries 1 6 (1 ) 6 Allowance for loan losses, end of period $ 46 $ 162 $ 5 $ 213 Three Months Ended March 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 8 (42 ) — (34 ) Charge-offs (1 ) (5 ) (2 ) (8 ) Recoveries 2 7 2 11 Net (charge-offs) recoveries 1 2 — 3 Allowance for loan losses, end of period $ 49 $ 267 $ 6 $ 322 Impaired Loans—Troubled Debt Restructurings 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 March 31, 2017 and December 31, 2016 (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) March 31, 2017 One- to four-family $ 96 $ 80 $ 19 $ 6 $ 35 $ 236 Home equity 112 41 11 4 20 188 Total $ 208 $ 121 $ 30 $ 10 $ 55 $ 424 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 (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 $234 million and $243 million at March 31, 2017 and December 31, 2016 , respectively. For home equity loans, the recorded investment in TDRs represents the unpaid principal balance. (4) Total recorded investment in TDRs at March 31, 2017 consisted of $307 million of loans modified as TDRs and $117 million of loans that have been charged off due to bankruptcy notification. 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. The recorded investment in loans modified as TDRs includes the charge-offs related to certain loans that were written down to 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 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 three months ended March 31, 2017 and 2016 (dollars in millions): Average Recorded Investment Interest Income Recognized Three Months Ended March 31, Three Months Ended March 31, 2017 2016 2017 2016 One- to four-family $ 241 $ 282 $ 3 $ 2 Home equity 192 205 4 4 Total $ 433 $ 487 $ 7 $ 6 The following table shows detailed information related to the Company’s TDRs and specific valuation allowances at March 31, 2017 and December 31, 2016 (dollars in millions): March 31, 2017 December 31, 2016 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 $ 55 $ 5 $ 50 $ 61 $ 7 $ 54 Home equity $ 101 $ 45 $ 56 $ 111 $ 51 $ 60 Without a recorded allowance: (1) One- to four-family $ 181 $ — $ 181 $ 185 $ — $ 185 Home equity $ 87 $ — $ 87 $ 84 $ — $ 84 Total: One- to four-family $ 236 $ 5 $ 231 $ 246 $ 7 $ 239 Home equity $ 188 $ 45 $ 143 $ 195 $ 51 $ 144 (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 tables provide the number of loans and post-modification balances immediately after being modified by major class during the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 Interest Rate Reduction Number of Loans Re-age/ Extension/ Interest Capitalization Other with Other (1) Total One- to four-family 8 $ 2 $ — $ — $ 2 Home equity 161 3 — 8 11 Total 169 $ 5 $ — $ 8 $ 13 Three Months Ended March 31, 2016 Interest Rate Reduction Number of Re-age/ Other with Other (1) Total One- to four-family 14 $ 4 $ — $ 1 $ 5 Home equity 193 2 1 12 15 Total 207 $ 6 $ 1 $ 13 $ 20 (1) Amounts represent loans whose terms were modified in a manner that did not result in an interest rate reduction, including re-aged loans, extensions, and loans with capitalized interest.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2017
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. 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 March 31, 2017 and December 31, 2016 (dollars in millions): Fair Value (1) Notional Asset (2) Liability (3) Net (4) March 31, 2017 Interest rate contracts: Fair value hedges $ 5,569 $ 128 $ (12 ) $ 116 Total derivatives designated as hedging instruments (4) $ 5,569 $ 128 $ (12 ) $ 116 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 (1) At March 31, 2017, excludes derivative assets and liabilities of $16 million and $17 million , respectively, that were executed through a central clearing organization and were settled by variation margin payments. See Note 4—Offsetting Assets and Liabilities for additional information. (2) Reflected in the other assets line item on the consolidated balance sheet. (3) Reflected in the other liabilities line item on the consolidated balance sheet. (4) Represents net fair value of derivative instruments for disclosure purposes only. (5) All derivatives were designated as hedging instruments at March 31, 2017 and December 31, 2016 . Fair Value Hedges Fair value hedges are used to offset exposure to changes in value of certain fixed-rate assets. Fair value hedges are accounted for by recording the fair value of the derivative instrument and the fair value of the asset being hedged on the consolidated balance sheet. Changes in the fair value of both the derivative instruments and the underlying assets are recognized in the gains 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 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 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 three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Agency debentures $ 11 $ (11 ) $ — $ (47 ) $ 46 $ (1 ) Agency mortgage-backed securities 13 (14 ) (1 ) (69 ) 68 (1 ) Total gains (losses) included in earnings $ 24 $ (25 ) $ (1 ) $ (116 ) $ 114 $ (2 ) (1) Reflected in the gains on securities and other, net line item on the consolidated statement of income .

Deposits

Deposits	3 Months Ended
	Mar. 31, 2017
Deposits [Abstract]
DEPOSITS	DEPOSITS Deposits are summarized as follows (dollars in millions): Amount Weighted-Average Rate March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Sweep deposits $ 31,955 $ 26,362 0.01 % 0.01 % Savings deposits 3,238 3,185 0.01 % 0.01 % Other deposits (1)(2) 2,191 2,135 0.03 % 0.03 % Total deposits $ 37,384 $ 31,682 0.01 % 0.01 % (1) Includes checking deposits, money market and time deposits. (2) As of March 31, 2017 and December 31, 2016 , the Company had $195 million and $177 million in non-interest bearing deposits, respectively.

Other Borrowings

Other Borrowings	3 Months Ended
	Mar. 31, 2017
Other Borrowings Disclosure [Abstract]
OTHER BORROWINGS	OTHER BORROWINGS Other borrowings at March 31, 2017 and December 31, 2016 represent trust preferred securities, which begin maturing in 2031 . External Lines of Credit maintained at E*TRADE Securities E*TRADE Securities' external liquidity lines total approximately $1.1 billion as of March 31, 2017 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 March 31, 2017 .

Corporate Debt

Corporate Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
CORPORATE DEBT	CORPORATE DEBT Corporate debt at March 31, 2017 and December 31, 2016 is outlined in the following table (dollars in millions): Face Value Discount Net March 31, 2017 Interest-bearing notes: 5 3 / 8 % Notes, due 2022 $ 540 $ (5 ) $ 535 4 5 / 8 % Notes, due 2023 460 (4 ) 456 Total corporate debt $ 1,000 $ (9 ) $ 991 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 Conversions of Convertible Debentures During the three months ended March 31, 2017 , $3 million of the Company’s convertible debentures were converted into 0.3 million shares of common stock. Credit Facility The Company maintains a $250 million senior secured revolving credit facility, for which there was no outstanding balance at March 31, 2017. 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 . At March 31, 2017, the Company was in compliance with the maintenance covenants.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
SHAREHOLDER'S EQUITY	SHAREHOLDERS' EQUITY The following tables present after-tax changes in each component of accumulated other comprehensive loss for the three months ended March 31, 2017 and 2016 (dollars in millions): Available-for-Sale Securities Foreign Currency Translation Total Balance, December 31, 2016 $ (139 ) $ 2 $ (137 ) Other comprehensive income before reclassifications 46 — 46 Amounts reclassified from accumulated other comprehensive loss (5 ) (2 ) (7 ) Net change 41 (2 ) 39 Balance, March 31, 2017 $ (98 ) $ — $ (98 ) Available-for-Sale Securities Foreign Currency Translation Total Balance, December 31, 2015 $ (101 ) $ 2 $ (99 ) Other comprehensive income before reclassifications 94 — 94 Amounts reclassified from accumulated other comprehensive loss (9 ) — (9 ) Net change 85 — 85 Balance, March 31, 2016 $ (16 ) $ 2 $ (14 ) The following table presents other comprehensive income activity and the related tax effect for the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Other comprehensive income Available-for-sale securities: Unrealized gains, net $ 76 $ (30 ) $ 46 $ 152 $ (58 ) $ 94 Reclassification into earnings, net (8 ) 3 (5 ) (15 ) 6 (9 ) Net change from available-for-sale securities 68 (27 ) 41 137 (52 ) 85 Reclassification of foreign currency translation gains (2 ) — (2 ) — — — Other comprehensive income $ 66 $ (27 ) $ 39 $ 137 $ (52 ) $ 85 The following table presents the consolidated statement of income line items impacted by reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2017 and 2016 (dollars in millions): Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Items in the Consolidated Statement of Income Three Months Ended March 31, 2017 2016 Available-for-sale securities: $ 8 $ 15 Gains on securities and other, net (3 ) (6 ) Income tax expense $ 5 $ 9 Reclassification into earnings, net Foreign currency translation: $ 2 $ — Other non-interest expenses $ 2 $ — Reclassification into earnings, net Preferred Stock Dividends 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 was paid on March 15, 2017.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents a reconciliation of basic and diluted earnings per common share (in millions, except share data and per share amounts): Three Months Ended March 31, 2017 2016 Basic: Net income $ 145 $ 153 Preferred stock dividends 13 — Net income available to common shareholders $ 132 $ 153 Basic weighted-average shares outstanding (in thousands) 274,876 285,274 Basic earnings per common share $ 0.48 $ 0.54 Diluted: Net income $ 145 $ 153 Preferred stock dividends 13 — Net income available to common shareholders $ 132 $ 153 Basic weighted-average shares outstanding (in thousands) 274,876 285,274 Effect of dilutive securities: Weighted-average restricted stock and options issued to employees (in thousands) 1,109 809 Weighted-average convertible debentures (in thousands) 292 597 Diluted weighted-average shares outstanding (in thousands) 276,277 286,680 Diluted earnings per common share $ 0.48 $ 0.53 For both the three months ended March 31, 2017 and 2016, the Company excluded less than 0.1 million 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	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 , 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 March 31, 2017 and December 31, 2016 (dollars in millions): Required Net Capital Net Capital Excess Net Capital March 31, 2017: E*TRADE Securities (1)(2) $ 167 $ 1,006 $ 839 OptionsHouse (3) 1 28 27 Other broker-dealer 1 20 19 Total $ 169 $ 1,054 $ 885 December 31, 2016: E*TRADE Securities (1) $ 158 $ 969 $ 811 OptionsHouse (3) 1 22 21 Other broker-dealer — 21 21 Total $ 159 $ 1,012 $ 853 (1) Elected to use the Alternative method to compute required net capital. (2) E*TRADE Securities paid a dividend of $70 million to the parent company during the three months ended March 31, 2017 and $50 million in April 2017. (3) 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. 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): March 31, 2017 December 31, 2016 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 $ 3,710 7.2 % $ 2,560 5.0 % $ 1,150 $ 3,610 7.8 % $ 2,316 5.0 % $ 1,294 Common equity Tier 1 capital $ 3,452 33.0 % $ 680 6.5 % $ 2,772 $ 3,483 37.0 % $ 612 6.5 % $ 2,871 Tier 1 risk-based capital $ 3,710 35.4 % $ 837 8.0 % $ 2,873 $ 3,610 38.3 % $ 754 8.0 % $ 2,856 Total risk-based capital $ 4,259 40.7 % $ 1,047 10.0 % $ 3,212 $ 4,148 44.0 % $ 942 10.0 % $ 3,206 March 31, 2017 December 31, 2016 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) Tier 1 leverage $ 3,251 8.1 % $ 2,018 5.0 % $ 1,233 $ 3,132 8.8 % $ 1,786 5.0 % $ 1,346 Common equity Tier 1 capital $ 3,251 35.0 % $ 603 6.5 % $ 2,648 $ 3,132 38.3 % $ 532 6.5 % $ 2,600 Tier 1 risk-based capital $ 3,251 35.0 % $ 742 8.0 % $ 2,509 $ 3,132 38.3 % $ 655 8.0 % $ 2,477 Total risk-based capital $ 3,369 36.3 % $ 928 10.0 % $ 2,441 $ 3,237 39.5 % $ 819 10.0 % $ 2,418 (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.

Commitments, Contingencies and

Commitments, Contingencies and Other Regulatory Matters	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND OTHER REGULATORY MATTERS	COMMITMENTS, CONTINGENCIES AND OTHER REGULATORY 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 in 2017. The Company will continue to defend itself vigorously in this matter. 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 . On April 2, 2017, the District Court dismissed 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. Briefing is expected to continue in April 2017. 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, FINRA, NASDAQ, CFTC, NFA, FDIC, Federal Reserve Bank of Richmond, OCC, or the Consumer Financial Protection Bureau (CFPB) 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. 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 $92 million in unfunded commitments with respect to these investments at March 31, 2017 . At March 31, 2017 , the Company had approximately $23 million of certificates of deposit scheduled to mature in less than one year and approximately $11 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 March 31, 2017 , management estimated that the maximum potential liability under this arrangement, including the current carrying value of the trusts, was equal to approximately $416 million or the total face value of these securities plus accrued interest payable, which may be unpaid at the termination of the trust arrangement.

Organization, Basis of Presen22

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
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.
Basis of presentation (policy)	Basis of Presentation The condensed consolidated financial statements, also referred to herein as 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 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. These consolidated financial statements should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2016 . While certain disclosures included in annual financial statements prepared in accordance with GAAP have been omitted in this quarterly report, the Company believes that the information and disclosures presented herein are adequate and that such disclosures are not misleading.
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.
New accounting and disclosure guidance (policy)	Adoption of New Accounting Standards Accounting for Employee Share-Based Payments In March 2016, the FASB amended the accounting guidance on employee share-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 them as they occur. The Company adopted the amended accounting guidance as of January 1, 2017 and recognized a $3 million deferred tax asset and cumulative-effect adjustment to equity as of the beginning of the period. In addition, for the three months ended March 31, 2016 the Company reclassified $12 million related to shares withheld to pay taxes from cash flows from operating activities to cash flows from financing activities. Forfeitures will continue to be estimated consistent with the Company's prior 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. During the three months ended March 31, 2017 the Company recognized a $5 million income tax benefit in accordance with the new guidance. 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 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 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 consolidated financial statements. The new guidance will be effective for interim and annual periods beginning on January 1, 2019 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 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. 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 the 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 consolidated 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 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 consolidated statement of cash flows to eliminate current diversity in practice. The amended guidance requires the consolidated 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 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 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 and must be applied prospectively. Early adoption is permitted. Premium Amortization on Purchased Callable Debt Securities In March 2017, the FASB issued guidance to amend the amortization period for certain purchased callable debt securities held at a premium. The amended guidance shortens the amortization period for certain callable debt securities held at a premium by requiring the premium to be amortized to the earliest call date. The guidance does not amend the accounting for securities held at a discount. The guidance will be effective for interim and annual periods beginning January 1, 2019 and must be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Early adoption is permitted. Based on the current composition of the Company's securities portfolio, the new guidance is not expected to have a significant impact on the Company's financial condition or results of operations.

Interest Income and Interest 23

Interest Income and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2017
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): Three Months Ended March 31, 2017 2016 Interest income: Cash and equivalents $ 2 $ 2 Cash required to be segregated under federal or other regulation 3 1 Available-for-sale securities 85 64 Held-to-maturity securities 120 103 Margin receivables 66 64 Loans 43 51 Subtotal interest income 319 285 Other interest revenue (1) 22 23 Total interest income 341 308 Interest expense: Deposits (1 ) (1 ) Customer payables (1 ) (1 ) Other borrowings (5 ) (5 ) Corporate debt (14 ) (13 ) Subtotal interest expense (21 ) (20 ) Other interest expense (2) (1 ) (1 ) Total interest expense (22 ) (21 ) Net interest income $ 319 $ 287 (1) Represents interest income on securities loaned. (2) Represents interest expense on securities borrowed.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 : Unobservable Inputs Average Range March 31, 2017 Loans receivable: One- to four-family Appraised value $ 397,700 $50,000-$1,100,000 Home equity Appraised value $ 312,300 $15,000-$2,400,000 Real estate owned Appraised value $ 290,600 $29,000-$1,450,000 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
Fair Value Measurements, Recurring and Nonrecurring	Assets and liabilities measured at fair value at March 31, 2017 and December 31, 2016 are summarized in the following tables (dollars in millions): Level 1 Level 2 Level 3 Total Fair Value March 31, 2017: Recurring fair value measurements: Assets Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ — $ 16,496 $ — $ 16,496 Agency debentures — 929 — 929 U.S. Treasuries — 281 — 281 Agency debt securities — 24 — 24 Municipal bonds — 32 — 32 Total debt securities — 17,762 — 17,762 Publicly traded equity securities 7 — — 7 Total available-for-sale securities 7 17,762 — 17,769 Receivables from brokers, dealers and clearing organizations: U.S. Treasuries 122 — — 122 Other assets: Derivative assets (1) — 128 — 128 Total assets measured at fair value on a recurring basis (2) $ 129 $ 17,890 $ — $ 18,019 Liabilities Other liabilities: Derivative liabilities (1) $ — $ 12 $ — $ 12 Total liabilities measured at fair value on a recurring basis (2) $ — $ 12 $ — $ 12 Nonrecurring fair value measurements: Loans receivable, net: One- to four-family $ — $ — $ 9 $ 9 Home equity — — 22 22 Total loans receivable — — 31 31 Other assets: Real estate owned — — 17 17 Total assets measured at fair value on a nonrecurring basis (3) $ — $ — $ 48 $ 48 (1) All derivative assets and liabilities were interest rate contracts at March 31, 2017 . Information related to derivative instruments is detailed in Note 7—Derivative Instruments and Hedging Activities . (2) Assets and liabilities measured at fair value on a recurring basis represented 32% and less than 1% of the Company’s total assets and total liabilities, respectively, at March 31, 2017 . (3) Represents the fair value of assets prior to deducting estimated selling costs that were carried on the consolidated balance sheet at March 31, 2017 , and for which a fair value measurement was recorded during the period. 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 Other 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, net: One- to four-family $ — $ — $ 25 $ 25 Home equity — — 21 21 Total loans receivable — — 46 46 Other assets: 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 7—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.
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 three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 One- to four-family $ 1 $ 1 Home equity 1 3 Total losses on loans receivable measured at fair value $ 2 $ 4 Losses (gains) on real estate owned measured at fair value $ (1 ) $ —
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 March 31, 2017 and December 31, 2016 (dollars in millions): March 31, 2017 Carrying Value Level 1 Level 2 Level 3 Total Fair Value Assets Cash and equivalents $ 998 $ 998 $ — $ — $ 998 Cash required to be segregated under federal or other regulations $1,876 $1,876 $ — $ — $ 1,876 Held-to-maturity securities: Agency mortgage-backed securities $ 16,218 $ — $ 16,209 $ — $ 16,209 Agency debentures 203 — 203 — 203 Agency debt securities 2,766 — 2,764 — 2,764 Other non-agency debt securities 4 — — 4 4 Total held-to-maturity securities $ 19,191 $ — $ 19,176 $ 4 $ 19,180 Margin receivables (1) $ 6,906 $ — $6,906 $ — $ 6,906 Loans receivable, net: One- to four-family $ 1,784 $ — $ — $ 1,819 $ 1,819 Home equity 1,276 — — 1,225 1,225 Consumer 228 — — 227 227 Total loans receivable, net (2) $ 3,288 $ — $ — $ 3,271 $ 3,271 Receivables from brokers, dealers and clearing organizations (1) $ 1,288 $ — $1,288 $ — $ 1,288 Liabilities Deposits $ 37,384 $ — $ 37,384 $ — $ 37,384 Customer payables $ 8,926 $ — $8,926 $ — $ 8,926 Payables to brokers, dealers and clearing organizations $ 1,288 $ — $1,288 $ — $ 1,288 Trust preferred securities $ 409 $ — $ — $ 305 $ 305 Corporate debt $ 991 $ — $ 1,042 $ — $ 1,042 (1) 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 $10.3 billion and $9.8 billion at March 31, 2017 and December 31, 2016 , respectively. Of this amount, $2.5 billion and $2.0 billion had been pledged or sold in connection with securities loans and deposits with clearing organizations at March 31, 2017 and December 31, 2016 , respectively. (2) The carrying value of loans receivable, net includes the allowance for loan losses of $213 million and loans that are recorded at fair value on a nonrecurring basis at March 31, 2017 . 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 .

Offsetting Assets and Liabili25

Offsetting Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
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 consolidated financial statements to evaluate the potential effect of rights of set-off between these recognized assets and recognized liabilities at March 31, 2017 and December 31, 2016 (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 March 31, 2017 Assets: Deposits paid for securities borrowed (2) $ 995 $ — $ 995 $ (273 ) $ (700 ) $ 22 Total $ 995 $ — $ 995 $ (273 ) $ (700 ) $ 22 Liabilities: Deposits received for securities loaned (3) $ 1,246 $ — $ 1,246 $ (273 ) $ (886 ) $ 87 Derivative liabilities (4)(5) 4 — 4 — (4 ) — Total $ 1,250 $ — $ 1,250 $ (273 ) $ (890 ) $ 87 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 (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 and derivative liabilities are reflected in the payables to brokers, dealers and clearing organizations and other liabilities line items in the consolidated balance sheet, respectively. (2) Included in the gross amounts of deposits paid for securities borrowed was $701 million and $307 million at March 31, 2017 and December 31, 2016 , 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 $745 million and $546 million at March 31, 2017 and December 31, 2016 , 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 $1 million and $2 million at March 31, 2017 and December 31, 2016 , respectively. (5) The collateral pledged included held-to-maturity securities at amortized cost for March 31, 2017 and available-for-sale securities at fair value for December 31, 2016 .

Available-for-Sale and Held-t26

Available-for-Sale and Held-to-Maturity Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investments Securities	The amortized cost and fair value of available-for-sale and held-to-maturity securities at March 31, 2017 and December 31, 2016 are shown in the following tables (dollars in millions): Amortized Cost Gross Unrealized / Unrecognized Gains Gross Unrealized / Unrecognized Losses Fair Value March 31, 2017: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 16,754 $ 36 $ (294 ) $ 16,496 Agency debentures 927 21 (19 ) 929 U.S. Treasuries 298 — (17 ) 281 Agency debt securities 25 — (1 ) 24 Municipal bonds 32 — — 32 Total debt securities 18,036 57 (331 ) 17,762 Publicly traded equity securities (1) 7 — — 7 Total available-for-sale securities $ 18,043 $ 57 $ (331 ) $ 17,769 Held-to-maturity securities: Agency mortgage-backed securities $ 16,218 $ 132 $ (141 ) $ 16,209 Agency debentures 203 — — 203 Agency debt securities 2,766 26 (28 ) 2,764 Other non-agency debt securities 4 — — 4 Total held-to-maturity securities $ 19,191 $ 158 $ (169 ) $ 19,180 December 31, 2016: Available-for-sale securities: 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 (1) 7 — — 7 Total available-for-sale securities $ 14,253 $ 42 $ (403 ) $ 13,892 Held-to-maturity securities: 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 (1) 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 March 31, 2017 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 6 6 Due within five to ten years 6,452 6,324 Due after ten years 11,578 11,432 Total available-for-sale debt securities $ 18,036 $ 17,762 Held-to-maturity debt securities: Due within one year $ 152 $ 153 Due within one to five years 1,575 1,614 Due within five to ten years 5,177 5,178 Due after ten years 12,287 12,235 Total held-to-maturity debt securities $ 19,191 $ 19,180
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 March 31, 2017 and December 31, 2016 (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 March 31, 2017: Available-for-sale securities: Debt securities: Agency mortgage-backed securities $ 10,264 $ (243 ) $ 1,666 $ (51 ) $ 11,930 $ (294 ) Agency debentures 370 (19 ) — — 370 (19 ) U.S. Treasuries 281 (17 ) — — 281 (17 ) Agency debt securities 24 (1 ) — — 24 (1 ) Municipal bonds 22 — — — 22 — Publicly traded equity securities 7 — — — 7 — Total temporarily impaired available-for-sale securities $ 10,968 $ (280 ) $ 1,666 $ (51 ) $ 12,634 $ (331 ) Held-to-maturity securities: Agency mortgage-backed securities $ 6,464 $ (113 ) $ 1,189 $ (28 ) $ 7,653 $ (141 ) Agency debentures 123 — — — 123 — Agency debt securities 1,707 (28 ) 18 — 1,725 (28 ) Total temporarily impaired held-to-maturity securities $ 8,294 $ (141 ) $ 1,207 $ (28 ) $ 9,501 $ (169 ) 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 )
Gains on Securities and Other, Net	The following table shows the components of the gains on securities and other, net line item on the consolidated statement of income for the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 Gains on available-for-sale securities $ 8 $ 15 Hedge ineffectiveness (1 ) (2 ) Equity method investment income (loss) and other 3 (3 ) Gains on securities and other, net $ 10 $ 10

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Loans and Leases Receivable Disclosure [Abstract]
Total Loans Receivable, Net [Table Text Block]	Loans receivable, net at March 31, 2017 and December 31, 2016 are summarized as follows (dollars in millions): March 31, December 31, 2017 2016 One- to four-family $ 1,819 $ 1,950 Home equity 1,437 1,556 Consumer 230 250 Total loans receivable 3,486 3,756 Unamortized premiums, net 15 16 Allowance for loan losses (213 ) (221 ) Total loans receivable, net $ 3,288 $ 3,551
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 March 31, 2017 and December 31, 2016 (dollars in millions): Recorded Investment Allowance for Loan Losses March 31, December 31, March 31, December 31, 2017 2016 2017 2016 Collectively evaluated for impairment: One- to four-family $ 1,595 $ 1,717 $ 41 $ 38 Home equity 1,249 1,361 117 120 Consumer 233 253 5 5 Total collectively evaluated for impairment 3,077 3,331 163 163 Individually evaluated for impairment: One- to four-family 236 246 5 7 Home equity 188 195 45 51 Total individually evaluated for impairment 424 441 50 58 Total $ 3,501 $ 3,772 $ 213 $ 221 The following table provides a roll forward by loan portfolio of the allowance for loan losses for the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 One- to Four-Family Home Equity Consumer Total Allowance for loan losses, beginning of period $ 45 $ 171 $ 5 $ 221 Provision (benefit) for loan losses — (15 ) 1 (14 ) Charge-offs — — (2 ) (2 ) Recoveries 1 6 1 8 Net (charge-offs) recoveries 1 6 (1 ) 6 Allowance for loan losses, end of period $ 46 $ 162 $ 5 $ 213 Three Months Ended March 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 8 (42 ) — (34 ) Charge-offs (1 ) (5 ) (2 ) (8 ) Recoveries 2 7 2 11 Net (charge-offs) recoveries 1 2 — 3 Allowance for loan losses, end of period $ 49 $ 267 $ 6 $ 322
Credit Quality Indicators for Loan Portfolio	The following tables show the distribution of the Company’s mortgage loan portfolios by credit quality indicator at March 31, 2017 and December 31, 2016 (dollars in millions): One- to Four-Family Home Equity March 31, December 31, March 31, December 31, Current LTV/CLTV (1) 2017 2016 2017 2016 <=80% $ 1,208 $ 1,308 $ 650 $ 686 80%-100% 392 413 379 414 100%-120% 130 143 249 274 >120% 89 86 159 182 Total mortgage loans receivable $ 1,819 $ 1,950 $ 1,437 $ 1,556 Average estimated current LTV/CLTV (2) 73 % 73 % 86 % 87 % 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 March 31, December 31, March 31, December 31, Current FICO 2017 2016 2017 2016 >=720 $ 1,041 $ 1,121 $ 705 $ 778 719 - 700 166 179 152 156 699 - 680 140 153 128 141 679 - 660 106 121 99 117 659 - 620 140 154 143 149 <620 226 222 210 215 Total mortgage loans receivable $ 1,819 $ 1,950 $ 1,437 $ 1,556
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 March 31, 2017 : Period of Conversion to Amortizing Loan % of One- to Four-Family Portfolio % of Home Equity Line of Credit Portfolio Already amortizing 84% 96% Q2 2017 11% 3% Q3 2017 or later 5% 1%
Loans by Delinquency Category and Non-Performing Loans	The following table shows total loans receivable by delinquency category at March 31, 2017 and December 31, 2016 (dollars in millions): Current 30-89 Days Delinquent 90-179 Days Delinquent 180+ Days Delinquent Total March 31, 2017 One- to four-family $ 1,623 $ 84 $ 25 $ 87 $ 1,819 Home equity 1,327 43 20 47 1,437 Consumer 225 4 1 — 230 Total loans receivable $ 3,175 $ 131 $ 46 $ 134 $ 3,486 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 The following table shows the comparative data for nonperforming loans at March 31, 2017 and December 31, 2016 (dollars in millions): March 31, December 31, 2017 2016 One- to four-family $ 212 $ 215 Home equity 130 136 Consumer 1 1 Total nonperforming loans receivable $ 343 $ 352
Impaired Financing Receivables	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 March 31, 2017 and December 31, 2016 (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) March 31, 2017 One- to four-family $ 96 $ 80 $ 19 $ 6 $ 35 $ 236 Home equity 112 41 11 4 20 188 Total $ 208 $ 121 $ 30 $ 10 $ 55 $ 424 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 (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 $234 million and $243 million at March 31, 2017 and December 31, 2016 , respectively. For home equity loans, the recorded investment in TDRs represents the unpaid principal balance. (4) Total recorded investment in TDRs at March 31, 2017 consisted of $307 million of loans modified as TDRs and $117 million of loans that have been charged off due to bankruptcy notification. 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. 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 three months ended March 31, 2017 and 2016 (dollars in millions): Average Recorded Investment Interest Income Recognized Three Months Ended March 31, Three Months Ended March 31, 2017 2016 2017 2016 One- to four-family $ 241 $ 282 $ 3 $ 2 Home equity 192 205 4 4 Total $ 433 $ 487 $ 7 $ 6 The following table shows detailed information related to the Company’s TDRs and specific valuation allowances at March 31, 2017 and December 31, 2016 (dollars in millions): March 31, 2017 December 31, 2016 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 $ 55 $ 5 $ 50 $ 61 $ 7 $ 54 Home equity $ 101 $ 45 $ 56 $ 111 $ 51 $ 60 Without a recorded allowance: (1) One- to four-family $ 181 $ — $ 181 $ 185 $ — $ 185 Home equity $ 87 $ — $ 87 $ 84 $ — $ 84 Total: One- to four-family $ 236 $ 5 $ 231 $ 246 $ 7 $ 239 Home equity $ 188 $ 45 $ 143 $ 195 $ 51 $ 144 (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 - Modifications	The following tables provide the number of loans and post-modification balances immediately after being modified by major class during the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 Interest Rate Reduction Number of Loans Re-age/ Extension/ Interest Capitalization Other with Other (1) Total One- to four-family 8 $ 2 $ — $ — $ 2 Home equity 161 3 — 8 11 Total 169 $ 5 $ — $ 8 $ 13 Three Months Ended March 31, 2016 Interest Rate Reduction Number of Re-age/ Other with Other (1) Total One- to four-family 14 $ 4 $ — $ 1 $ 5 Home equity 193 2 1 12 15 Total 207 $ 6 $ 1 $ 13 $ 20 (1) Amounts represent loans whose terms were modified in a manner that did not result in an interest rate reduction, including re-aged loans, extensions, and loans with capitalized interest.

Derivative Instruments and He28

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 (dollars in millions): Fair Value (1) Notional Asset (2) Liability (3) Net (4) March 31, 2017 Interest rate contracts: Fair value hedges $ 5,569 $ 128 $ (12 ) $ 116 Total derivatives designated as hedging instruments (4) $ 5,569 $ 128 $ (12 ) $ 116 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 (1) At March 31, 2017, excludes derivative assets and liabilities of $16 million and $17 million , respectively, that were executed through a central clearing organization and were settled by variation margin payments. See Note 4—Offsetting Assets and Liabilities for additional information. (2) Reflected in the other assets line item on the consolidated balance sheet. (3) Reflected in the other liabilities line item on the consolidated balance sheet. (4) Represents net fair value of derivative instruments for disclosure purposes only. (5) All derivatives were designated as hedging instruments at March 31, 2017 and December 31, 2016
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 three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Hedging Instrument Hedged Item Hedge Ineffectiveness (1) Agency debentures $ 11 $ (11 ) $ — $ (47 ) $ 46 $ (1 ) Agency mortgage-backed securities 13 (14 ) (1 ) (69 ) 68 (1 ) Total gains (losses) included in earnings $ 24 $ (25 ) $ (1 ) $ (116 ) $ 114 $ (2 ) (1) Reflected in the gains on securities and other, net line item on the consolidated statement of income .

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2017
Deposits [Abstract]
Schedule Of Deposits By Type	Deposits are summarized as follows (dollars in millions): Amount Weighted-Average Rate March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Sweep deposits $ 31,955 $ 26,362 0.01 % 0.01 % Savings deposits 3,238 3,185 0.01 % 0.01 % Other deposits (1)(2) 2,191 2,135 0.03 % 0.03 % Total deposits $ 37,384 $ 31,682 0.01 % 0.01 % (1) Includes checking deposits, money market and time deposits. (2) As of March 31, 2017 and December 31, 2016 , the Company had $195 million and $177 million in non-interest bearing deposits, respectively.

Corporate Debt (Tables)

Corporate Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Corporate Debt Instruments	Corporate debt at March 31, 2017 and December 31, 2016 is outlined in the following table (dollars in millions): Face Value Discount Net March 31, 2017 Interest-bearing notes: 5 3 / 8 % Notes, due 2022 $ 540 $ (5 ) $ 535 4 5 / 8 % Notes, due 2023 460 (4 ) 456 Total corporate debt $ 1,000 $ (9 ) $ 991 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

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following tables present after-tax changes in each component of accumulated other comprehensive loss for the three months ended March 31, 2017 and 2016 (dollars in millions): Available-for-Sale Securities Foreign Currency Translation Total Balance, December 31, 2016 $ (139 ) $ 2 $ (137 ) Other comprehensive income before reclassifications 46 — 46 Amounts reclassified from accumulated other comprehensive loss (5 ) (2 ) (7 ) Net change 41 (2 ) 39 Balance, March 31, 2017 $ (98 ) $ — $ (98 ) Available-for-Sale Securities Foreign Currency Translation Total Balance, December 31, 2015 $ (101 ) $ 2 $ (99 ) Other comprehensive income before reclassifications 94 — 94 Amounts reclassified from accumulated other comprehensive loss (9 ) — (9 ) Net change 85 — 85 Balance, March 31, 2016 $ (16 ) $ 2 $ (14 )
Components of Other Comprehensive Income (Loss)	The following table presents other comprehensive income activity and the related tax effect for the three months ended March 31, 2017 and 2016 (dollars in millions): Three Months Ended March 31, 2017 2016 Before Tax Tax Effect After Tax Before Tax Tax Effect After Tax Other comprehensive income Available-for-sale securities: Unrealized gains, net $ 76 $ (30 ) $ 46 $ 152 $ (58 ) $ 94 Reclassification into earnings, net (8 ) 3 (5 ) (15 ) 6 (9 ) Net change from available-for-sale securities 68 (27 ) 41 137 (52 ) 85 Reclassification of foreign currency translation gains (2 ) — (2 ) — — — Other comprehensive income $ 66 $ (27 ) $ 39 $ 137 $ (52 ) $ 85
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 three months ended March 31, 2017 and 2016 (dollars in millions): Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Loss Affected Line Items in the Consolidated Statement of Income Three Months Ended March 31, 2017 2016 Available-for-sale securities: $ 8 $ 15 Gains on securities and other, net (3 ) (6 ) Income tax expense $ 5 $ 9 Reclassification into earnings, net Foreign currency translation: $ 2 $ — Other non-interest expenses $ 2 $ — Reclassification into earnings, net

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following table presents a reconciliation of basic and diluted earnings per common share (in millions, except share data and per share amounts): Three Months Ended March 31, 2017 2016 Basic: Net income $ 145 $ 153 Preferred stock dividends 13 — Net income available to common shareholders $ 132 $ 153 Basic weighted-average shares outstanding (in thousands) 274,876 285,274 Basic earnings per common share $ 0.48 $ 0.54 Diluted: Net income $ 145 $ 153 Preferred stock dividends 13 — Net income available to common shareholders $ 132 $ 153 Basic weighted-average shares outstanding (in thousands) 274,876 285,274 Effect of dilutive securities: Weighted-average restricted stock and options issued to employees (in thousands) 1,109 809 Weighted-average convertible debentures (in thousands) 292 597 Diluted weighted-average shares outstanding (in thousands) 276,277 286,680 Diluted earnings per common share $ 0.48 $ 0.53

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 (dollars in millions): Required Net Capital Net Capital Excess Net Capital March 31, 2017: E*TRADE Securities (1)(2) $ 167 $ 1,006 $ 839 OptionsHouse (3) 1 28 27 Other broker-dealer 1 20 19 Total $ 169 $ 1,054 $ 885 December 31, 2016: E*TRADE Securities (1) $ 158 $ 969 $ 811 OptionsHouse (3) 1 22 21 Other broker-dealer — 21 21 Total $ 159 $ 1,012 $ 853 (1) Elected to use the Alternative method to compute required net capital. (2) E*TRADE Securities paid a dividend of $70 million to the parent company during the three months ended March 31, 2017 and $50 million in April 2017. (3) 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): March 31, 2017 December 31, 2016 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 $ 3,710 7.2 % $ 2,560 5.0 % $ 1,150 $ 3,610 7.8 % $ 2,316 5.0 % $ 1,294 Common equity Tier 1 capital $ 3,452 33.0 % $ 680 6.5 % $ 2,772 $ 3,483 37.0 % $ 612 6.5 % $ 2,871 Tier 1 risk-based capital $ 3,710 35.4 % $ 837 8.0 % $ 2,873 $ 3,610 38.3 % $ 754 8.0 % $ 2,856 Total risk-based capital $ 4,259 40.7 % $ 1,047 10.0 % $ 3,212 $ 4,148 44.0 % $ 942 10.0 % $ 3,206 March 31, 2017 December 31, 2016 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) Tier 1 leverage $ 3,251 8.1 % $ 2,018 5.0 % $ 1,233 $ 3,132 8.8 % $ 1,786 5.0 % $ 1,346 Common equity Tier 1 capital $ 3,251 35.0 % $ 603 6.5 % $ 2,648 $ 3,132 38.3 % $ 532 6.5 % $ 2,600 Tier 1 risk-based capital $ 3,251 35.0 % $ 742 8.0 % $ 2,509 $ 3,132 38.3 % $ 655 8.0 % $ 2,477 Total risk-based capital $ 3,369 36.3 % $ 928 10.0 % $ 2,441 $ 3,237 39.5 % $ 819 10.0 % $ 2,418 (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.

Organization, Basis of Presen34

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)
Cumulative-effect adjustment to equity	$ 3
Income tax expense (benefit)	$ 80	$ 41
Prospective Adoption of New Accounting Pronouncements [Abstract]
Number of regional branches	30
Accounting standards update 2016-09
Deferred tax asset	$ 3
Cumulative-effect adjustment to equity	3
Prior period reclassification adjustment		$ 12
Income tax expense (benefit)	$ (5)

Interest Income and Interest 35

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest income:
Cash and equivalents	$ 2	$ 2
Cash required to be segregated under federal or other regulation	3	1
Available-for-sale securities	85	64
Held-to-maturity securities	120	103
Margin receivables	66	64
Loans	43	51
Subtotal interest income	319	285
Other interest revenue(1)	22	23
Total interest income	341	308
Interest expense:
Deposits	(1)	(1)
Customer payables	(1)	(1)
Other borrowings	(5)	(5)
Corporate debt	(14)	(13)
Subtotal interest expense	(21)	(20)
Other interest expense(2)	(1)	(1)
Total interest expense	(22)	(21)
Net interest income	$ 319	$ 287

Fair Value Disclosures (Details

Fair Value Disclosures (Details - Inputs) - Level 3 [Member] - Fair Value, Measurements, Nonrecurring [Member] - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Loans Receivable [Member] | One- To Four-Family [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	$ 397,700	$ 408,100
Loans Receivable [Member] | One- To Four-Family [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	1,100,000	1,490,000
Loans Receivable [Member] | One- To Four-Family [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	50,000	50,000
Loans Receivable [Member] | Home Equity [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	312,300	312,000
Loans Receivable [Member] | Home Equity [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	2,400,000	2,500,000
Loans Receivable [Member] | Home Equity [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	15,000	6,000
Real Estate Owned [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	290,600	342,300
Real Estate Owned [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	1,450,000	1,800,000
Real Estate Owned [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Appraised Value	$ 29,000	$ 21,500

Fair Value Disclosures (Detai37

Fair Value Disclosures (Details - Recurring and Nonrecurring) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 17,769,000	$ 13,892,000
Assets measured at fair value on recurring basis percentage of total assets	32.00%	29.00%
Fair Value, Transfers Between Level 1 and Level 2 and Level 3, 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
Fair value, assets, Level 1 to Level 3 transfers, amount	0	0
Fair value, assets, Level 3 to Level 1 transfers, amount	0	0
Fair value, assets, Level 2 to Level 3 transfers, amount	0	0
Fair value, assets, Level 3 to Level 2 transfers, amount	0	0
Fair value, liabilities, Level 1 to Level 3 transfers, amount	0	0
Fair value, liabilities, Level 3 to Level 1 transfers, amount	0	0
Fair value, liabilities, Level 2 to Level 3 transfers, amount	0	0
Fair value, liabilities, Level 3 to Level 2 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	$ 17,769,000	$ 13,892,000
U.S. Treasuries	122,000
Derivative assets	128,000	165,000
Total assets measured at fair value on a recurring basis	18,019,000	14,057,000
Derivative Liability	12,000	31,000
Total liabilities measured at fair value on a recurring basis	12,000	31,000
Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	31,000	46,000
REO	17,000	35,000
Total Assets Measured at Fair Value On A Nonrecurring Basis	48,000	81,000
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	7,000
U.S. Treasuries	122,000
Total assets measured at fair value on a recurring basis	129,000	7,000
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	17,762,000	13,885,000
Derivative assets	128,000	165,000
Total assets measured at fair value on a recurring basis	17,890,000	14,050,000
Derivative Liability	12,000	31,000
Total liabilities measured at fair value on a recurring basis	12,000	31,000
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total loans receivable	31,000	46,000
REO	17,000	35,000
Total Assets Measured at Fair Value On A Nonrecurring Basis	48,000	81,000
Loans Receivable [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	2,000	4,000
Real Estate Owned [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	(1,000)	0
One- To Four-Family [Member] | Loans Receivable [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	1,000	1,000
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	9,000	25,000
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	9,000	25,000
Home Equity [Member] | Loans Receivable [Member]
Gains Losses On Nonrecurring Fair Value Measurements [Abstract]
(Gains) losses measured at fair value	1,000	3,000
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	22,000	21,000
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	22,000	21,000
Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	17,762,000	13,885,000
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	17,762,000	13,885,000
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	17,762,000	13,885,000
Agency mortgage-backed securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	16,496,000	12,634,000
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	16,496,000	12,634,000
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	16,496,000	12,634,000
Agency Debentures [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	929,000	788,000
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	929,000	788,000
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	929,000	788,000
U.S. Treasuries [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	281,000	407,000
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	281,000	407,000
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	281,000	407,000
Agency Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	24,000	24,000
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	24,000
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	24,000
Municipal Bonds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	32,000	32,000
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	32,000
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	32,000
Equity Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities	7,000	7,000
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	7,000
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	$ 7,000

Fair Value Disclosures (Detai38

Fair Value Disclosures (Details - Level 3) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Level 3 recurring assets	$ 0	$ 0
Level 3 recurring liabilities	$ 0	$ 0

Fair Value Disclosures (Detai39

Fair Value Disclosures (Details - FV of Financial Instruments) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	$ 998	$ 1,950	$ 1,627	$ 2,233
Cash required to be segregated under federal or other regulations	1,876	1,460
Total held-to-maturity securities	19,191	15,751
Margin Receivables	6,906	6,731
Total loans receivable, net	3,288	3,551
Receivables from brokers, dealers and clearing organizations	1,410	1,056
Deposits	37,384	31,682
Customer Payables	8,926	8,159
Payables to brokers, dealers and clearing organizations	1,288	983
Other borrowings	409	409
Allowance for loan losses	213	221	322	353
Corporate debt	991	994
Margin Receivables Detail [Abstract]
Customer Securities for which Entity has Right to Sell or Repledge, Fair Value	10,300	9,800
Customer Securities for which Entity has Right to Sell or Repledge, Fair Value of Securities Sold or Repledged	2,500	2,000
Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	998	1,950
Cash required to be segregated under federal or other regulations	1,876	1,460
Total held-to-maturity securities	19,191	15,751
Margin Receivables	6,906	6,731
Total loans receivable, net	3,288	3,551
Receivables from brokers, dealers and clearing organizations	1,288	1,056
Deposits	37,384	31,682
Customer Payables	8,926	8,159
Payables to brokers, dealers and clearing organizations	1,288	983
Trust preferred securities	409	409
Corporate debt	991	994
Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	998	1,950
Cash required to be segregated under federal or other regulations	1,876	1,460
Total held-to-maturity securities	19,180	15,716
Margin Receivables	6,906	6,731
Total loans receivable, net	3,271	3,502
Receivables from brokers, dealers and clearing organizations	1,288	1,056
Deposits	37,384	31,681
Customer Payables	8,926	8,159
Payables to brokers, dealers and clearing organizations	1,288	983
Trust preferred securities	305	288
Corporate debt	1,042	1,050
One- To Four-Family [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Allowance for loan losses	46	45	49	40
One- To Four-Family [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,784	1,918
One- To Four-Family [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,819	1,942
Home Equity [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Allowance for loan losses	162	171	267	307
Home Equity [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,276	1,385
Home Equity [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,225	1,311
Consumer [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Allowance for loan losses	5	5	$ 6	$ 6
Consumer [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	228	248
Consumer [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	227	249
Agency mortgage-backed securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	16,218	12,868
Agency mortgage-backed securities [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	16,218	12,868
Agency mortgage-backed securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	16,209	12,839
Agency Debentures [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	203	29
Agency Debentures [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	203	29
Agency Debentures [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	203	29
Agency Debt Securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	2,766	2,854
Agency Debt Securities [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	2,766	2,854
Agency Debt Securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	2,764	2,848
Other Non-Agency Debt Securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	4
Other Non-Agency Debt Securities [Member] | Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	4
Other Non-Agency Debt Securities [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	$ 4
Unfunded Commitments to Extend Credit [Member]
Supply Commitment [Line Items]
HELOCs closed, Number of Years	10 years
Level 1 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and equivalents	$ 998	1,950
Cash required to be segregated under federal or other regulations	1,876	1,460
Level 2 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	19,176	15,716
Margin Receivables	6,906	6,731
Receivables from brokers, dealers and clearing organizations	1,288	1,056
Deposits	37,384	31,681
Customer Payables	8,926	8,159
Payables to brokers, dealers and clearing organizations	1,288	983
Corporate debt	1,042	1,050
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	16,209	12,839
Level 2 [Member] | Agency Debentures [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	203	29
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	2,764	2,848
Level 3 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total held-to-maturity securities	4	0
Total loans receivable, net	3,271	3,502
Trust preferred securities	305	288
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	1,819	1,942
Level 3 [Member] | Home Equity [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	1,225	1,311
Level 3 [Member] | Consumer [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total loans receivable, net	227	$ 249
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	$ 4

Offsetting Assets and Liabili40

Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Offsetting Footnotes [Abstract]
Interest Payable Excluded From Gross Amounts of Derivatives	$ 1	$ 2
Securities Borrowed, Transacted Through Clearing Company	701	307
Securities Loaned, Transacted Through Clearing Company	745	546
Derivative Asset, Not Subject to Master Netting Arrangement	128	165
Derivative Liability, Not Subject to Master Netting Arrangement	8	25
Derivative Asset, Fair Value, Amount Offset Against Collateral	16
Derivative Liability, Fair Value, Amount Offset Against Collateral	17
Offsetting Assets [Abstract]
Securities Borrowed, Gross	995	774
Securities Borrowed, Liability	0	0
Securities Borrowed	995	774
Securities Borrowed, Financial Instruments, Not Offset	(273)	(192)
Securities Borrowed, Collateral Received	(700)	(560)
Securities Borrowed, Amount Offset Against Collateral	22	22
(Total Offsetting Assets) Securities Borrowed, Gross	995	774
(Total Offsetting Assets) Securities Borrowed, Liability	0	0
(Total Offsetting Assets) Securities Borrowed	995	774
(Total Offsetting Assets) Securities Borrowed, Financial Instruments Not Offset	(273)	(192)
(Total Offsetting Assets) Securities Borrowed, Collateral Received	(700)	(560)
(Total Offsetting Assets) Securities Borrowed Net	22	22
Offsetting Liabilities [Abstract]
Securities Loaned, Gross	1,246	926
Securities Loaned, Asset	0	0
Securities Loaned	1,246	926
Securities Loaned, Financial Instruments, Not Offset	(273)	(192)
Securities Loaned, Collateral Pledged	(886)	(661)
Securities Loaned, Amount Offset Against Collateral	87	73
Derivative Liability, Fair Value, Gross Liability	4	6
Derivative Liability, Fair Value, Gross Asset	0	0
Derivative Liability	4	6
Derivative Liability, Financial Instruments, Not Offset	0	0
Derivative Liability, Collateral Pledged	(4)	(6)
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	0
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Gross	1,250	932
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Asset	0	0
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned	1,250	932
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Financial Instruments Not Offset	(273)	(192)
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Collateral Pledged	(890)	(667)
Derivative Liability, Securities Sold under Agreements to Resell, Securities Loaned, Amount Offset Against Collateral	$ 87	$ 73

Available-for-Sale Securities (

Available-for-Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	$ 18,043	$ 14,253
Available-for-sale securities, gross unrealized gains	57	42
Available-for-sale securities, gross unrealized losses	(331)	(403)
Available-for-sale securities, fair value	17,769	13,892
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	18,036	14,246
Available-for-sale securities, gross unrealized gains	57	42
Available-for-sale securities, gross unrealized losses	(331)	(403)
Available-for-sale securities, fair value	17,762	13,885
Agency Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	16,754	12,946
Available-for-sale securities, gross unrealized gains	36	24
Available-for-sale securities, gross unrealized losses	(294)	(336)
Available-for-sale securities, fair value	16,496	12,634
Agency Debentures [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	927	791
Available-for-sale securities, gross unrealized gains	21	18
Available-for-sale securities, gross unrealized losses	(19)	(21)
Available-for-sale securities, fair value	929	788
U.S. Treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	298	452
Available-for-sale securities, gross unrealized gains	0	0
Available-for-sale securities, gross unrealized losses	(17)	(45)
Available-for-sale securities, fair value	281	407
Agency Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	25	25
Available-for-sale securities, gross unrealized gains	0	0
Available-for-sale securities, gross unrealized losses	(1)	(1)
Available-for-sale securities, fair value	24	24
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	32	32
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	32
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, amortized cost	7	7
Available-for-sale securities, gross unrealized losses	0	0
Available-for-sale securities, fair value	$ 7	$ 7

Held-to-Maturity Securities (De

Held-to-Maturity Securities (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	$ 19,191	$ 15,751
Held-to-maturity securities, gross unrecognized gains	158	149
Held-to-maturity securities, gross unrecognized losses	(169)	(184)
Held-to-maturity securities, fair value	19,180	15,716
Agency Mortgage-Backed Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	16,218	12,868
Held-to-maturity securities, gross unrecognized gains	132	123
Held-to-maturity securities, gross unrecognized losses	(141)	(152)
Held-to-maturity securities, fair value	16,209	12,839
Agency Debentures [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	203	29
Held-to-maturity securities, gross unrecognized gains	0	0
Held-to-maturity securities, gross unrecognized losses	0	0
Held-to-maturity securities, fair value	203	29
Agency Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	2,766	2,854
Held-to-maturity securities, gross unrecognized gains	26	26
Held-to-maturity securities, gross unrecognized losses	(28)	(32)
Held-to-maturity securities, fair value	2,764	$ 2,848
Other Non-Agency Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, amortized cost	$ 4

Available-for-Sale and Held-t43

Available-for-Sale and Held-to-Maturity Securities (Details - Maturity) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
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	6
Available-for-sale securities, due within five to ten years, amortized cost	6,452
Available-for-sale securities, due after ten years, amortized cost	11,578
Available-for-sale securities, amortized cost	18,036
Available-for-sale securities, due within one year, fair value	0
Available-for-sale securities, due within one to five years, fair value	6
Available-for-sale securities, due within five to ten years, fair value	6,324
Available-for-sale securities, due after ten years, fair value	11,432
Available-for-sale securities, fair value	17,762
Held-to-Maturity Securities, Debt Maturities [Abstract]
Held-to-maturity securities, due within one year, amortized cost	152
Held-to-maturity securities, due within one to five years, amortized cost	1,575
Held-to-maturity securities, due within five to ten years, amortized cost	5,177
Held-to-maturity securities, due after ten years, amortized cost	12,287
Held-to-maturity securities, amortized cost	19,191	$ 15,751
Held-to-maturity securities, due within one year, fair value	153
Held-to-maturity securities, due within one to five years, fair value	1,614
Held-to-maturity securities, due within five to ten years, fair value	5,178
Held-to-maturity securities, due after ten years, fair value	12,235
Held-to-maturity securities, fair value	19,180	15,716
Available-for-Sale Securities Pledged As Collateral (Textuals) [Abstract]
Available-for-sale debt securities pledged as collateral	6	6
Held-to-Maturity Securities Pledged As Collateral (Textuals) [Abstract]
Held-to-maturity debt securities pledged as collateral	$ 2,600	$ 500

Available-for-Sale Securities44

Available-for-Sale Securities (Details - OTTI) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	$ 10,968	$ 10,186
Available-for-sale securities, twelve months or longer, fair value	1,666	1,620
Available-for-sale securities, fair value	12,634	11,806
Available-for-sale securities, less than twelve months, aggregate losses	(280)	(346)
Available-for-sale securities, twelve months or longer, aggregate losses	(51)	(57)
Available-for-sale securities, aggregate losses	(331)	(403)
Agency Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	10,264	9,281
Available-for-sale securities, twelve months or longer, fair value	1,666	1,620
Available-for-sale securities, fair value	11,930	10,901
Available-for-sale securities, less than twelve months, aggregate losses	(243)	(279)
Available-for-sale securities, twelve months or longer, aggregate losses	(51)	(57)
Available-for-sale securities, aggregate losses	(294)	(336)
Agency Debentures [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	370	454
Available-for-sale securities, twelve months or longer, fair value	0	0
Available-for-sale securities, fair value	370	454
Available-for-sale securities, less than twelve months, aggregate losses	(19)	(21)
Available-for-sale securities, twelve months or longer, aggregate losses	0	0
Available-for-sale securities, aggregate losses	(19)	(21)
U.S. Treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	281	407
Available-for-sale securities, twelve months or longer, fair value	0
Available-for-sale securities, fair value	281	407
Available-for-sale securities, less than twelve months, aggregate losses	(17)	(45)
Available-for-sale securities, twelve months or longer, aggregate losses	0
Available-for-sale securities, aggregate losses	(17)	(45)
Agency Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	24	24
Available-for-sale securities, twelve months or longer, fair value	0	0
Available-for-sale securities, fair value	24	24
Available-for-sale securities, less than twelve months, aggregate losses	(1)	(1)
Available-for-sale securities, twelve months or longer, aggregate losses	0	0
Available-for-sale securities, aggregate losses	(1)	(1)
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	22	13
Available-for-sale securities, twelve months or longer, fair value	0	0
Available-for-sale securities, fair value	22	13
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
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, less than twelve months, fair value	7	7
Available-for-sale securities, twelve months or longer, fair value	0
Available-for-sale securities, fair value	7	7
Available-for-sale securities, less than twelve months, aggregate losses	0	0
Available-for-sale securities, twelve months or longer, aggregate losses	0
Available-for-sale securities, aggregate losses	$ 0	$ 0

Held-to-maturity Securities (45

Held-to-maturity Securities (Details - OTTI) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	$ 8,294	$ 7,686
Held-to-maturity securities, twelve months or longer, fair value	1,207	1,290
Held-to-maturity securities, fair value	9,501	8,976
Held-to-maturity securities, less than twelve months, aggregate losses	(141)	(155)
Held-to-maturity securities, twelve months or longer, aggregate losses	(28)	(29)
Held-to-maturity securities, aggregate losses	(169)	(184)
Agency Mortgage-Backed Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	6,464	5,929
Held-to-maturity securities, twelve months or longer, fair value	1,189	1,272
Held-to-maturity securities, fair value	7,653	7,201
Held-to-maturity securities, less than twelve months, aggregate losses	(113)	(123)
Held-to-maturity securities, twelve months or longer, aggregate losses	(28)	(29)
Held-to-maturity securities, aggregate losses	(141)	(152)
Agency Debentures [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	123	18
Held-to-maturity securities, twelve months or longer, fair value	0
Held-to-maturity securities, fair value	123	18
Held-to-maturity securities, less than twelve months, aggregate losses	0	0
Held-to-maturity securities, twelve months or longer, aggregate losses	0
Held-to-maturity securities, aggregate losses	0	0
Agency Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, less than twelve months, fair value	1,707	1,739
Held-to-maturity securities, twelve months or longer, fair value	18	18
Held-to-maturity securities, fair value	1,725	1,757
Held-to-maturity securities, less than twelve months, aggregate losses	(28)	(32)
Held-to-maturity securities, twelve months or longer, aggregate losses	0	0
Held-to-maturity securities, aggregate losses	$ (28)	$ (32)

Available-for-Sale and Held-t46

Available-for-Sale and Held-to-Maturity Securities (Details - Other) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Net impairment	$ 0	$ 0
Components of gains (losses) on securities and other, net
Gains on available-for-sale securities	8	15
Hedge ineffectiveness	(1)	(2)
Equity method investment income (loss) and other	3	(3)
Gains on securities and other, net	$ 10	$ 10

Loans Receivable, Net (Details)

Loans Receivable, Net (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Loans Receivable, Net [Abstract]
One- to four-family	$ 1,819	$ 1,950
Home equity	1,437	1,556
Consumer	230	250
Total loans receivable	3,486	3,756
Unamortized premiums, net	15	16
Allowance for loan losses	(213)	(221)	$ (322)	$ (353)
Total loans receivable, net	3,288	3,551
Loans Pledged Federal Home Loan Bank	2,900	3,100
Loans Pledged Federal Reserve Bank	200	300
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	3,077	3,331
Loans individually evaluated for impairment, recorded investment	424	441
Total recorded investment in loans receivable	3,501	3,772
Loans collectively evaluated for impairment, allowance for loan losses	163	163
Loans individually evaluated for impairment, allowance for loan losses	50	58
Allowance for loan losses	213	221	322	353
One- To Four-Family [Member]
Loans Receivable, Net [Abstract]
Allowance for loan losses	(46)	(45)	(49)	(40)
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	1,595	1,717
Loans individually evaluated for impairment, recorded investment	236	246
Loans collectively evaluated for impairment, allowance for loan losses	41	38
Loans individually evaluated for impairment, allowance for loan losses	5	7
Allowance for loan losses	46	45	49	40
Home Equity [Member]
Loans Receivable, Net [Abstract]
Allowance for loan losses	(162)	(171)	(267)	(307)
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	1,249	1,361
Loans individually evaluated for impairment, recorded investment	188	195
Loans collectively evaluated for impairment, allowance for loan losses	117	120
Loans individually evaluated for impairment, allowance for loan losses	45	51
Allowance for loan losses	162	171	267	307
Consumer [Member]
Loans Receivable, Net [Abstract]
Allowance for loan losses	(5)	(5)	(6)	(6)
Financing Receivable, Allowance for Credit Losses, Additional Information [Line Items]
Loans collectively evaluated for impairment, recorded investment	233	253
Loans collectively evaluated for impairment, allowance for loan losses	5	5
Allowance for loan losses	$ 5	$ 5	$ 6	$ 6

Loans Receivable, Net (Details

Loans Receivable, Net (Details - Credit Quality) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Credit Quality Indicators [Line Items]
Average Age, Financing Receivable	11 years 1 month 6 days	10 years 9 months 29 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%	36.00%
One- To Four-Family [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 1,819	$ 1,950
Average estimated current LTV/CLTV	73.00%	73.00%
Average LTV/CLTV at loan origination	71.00%	71.00%
One- To Four-Family [Member] | One- To Four-Family Benchmark [Member] | Interest only, Already Amortizing
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	84.00%
One- To Four-Family [Member] | One- To Four-Family Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Q2 2017
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	11.00%
One- To Four-Family [Member] | One- To Four-Family Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Q3 2017 or later
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	5.00%
One- To Four-Family [Member] | FICO Score, Greater than 720 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 1,041	$ 1,121
One- To Four-Family [Member] | FICO Score, 719 to 700 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	166	179
One- To Four-Family [Member] | FICO Score, 699 to 680 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	140	153
One- To Four-Family [Member] | FICO Score, 679 to 660 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	106	121
One- To Four-Family [Member] | FICO Score, 659 to 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	140	154
One- To Four-Family [Member] | FICO Score, Less than 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	226	222
One- To Four-Family [Member] | LTV Less than 80 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	1,208	1,308
One- To Four-Family [Member] | LTV 80 to 100 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	392	413
One- To Four-Family [Member] | LTV 100 to 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	130	143
One- To Four-Family [Member] | LTV Greater than 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	89	86
Home Equity [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 1,437	$ 1,556
Average estimated current LTV/CLTV	86.00%	87.00%
Average LTV/CLTV at loan origination	81.00%	81.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Interest only, Already Amortizing
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	96.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Q2 2017
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	3.00%
Home Equity [Member] | Home Equity Line of Credit Benchmark [Member] | Interest Only Conversion to Amortizing Loans, Q3 2017 or later
Credit Quality Indicators [Line Items]
Concentration Risk, Percentage	1.00%
Home Equity [Member] | FICO Score, Greater than 720 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 705	$ 778
Home Equity [Member] | FICO Score, 719 to 700 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	152	156
Home Equity [Member] | FICO Score, 699 to 680 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	128	141
Home Equity [Member] | FICO Score, 679 to 660 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	99	117
Home Equity [Member] | FICO Score, 659 to 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	143	149
Home Equity [Member] | FICO Score, Less than 620 [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	210	215
Home Equity [Member] | LTV Less than 80 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	650	686
Home Equity [Member] | LTV 80 to 100 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	379	414
Home Equity [Member] | LTV 100 to 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	249	274
Home Equity [Member] | LTV Greater than 120 Percent [Member]
Credit Quality Indicators [Line Items]
Total mortgage loans receivable	$ 159	$ 182

Loans Receivable, Net (Detail49

Loans Receivable, Net (Details - Aging) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	$ 3,175	$ 3,461
One- to four-family	1,819	1,950
Home equity	1,437	1,556
Consumer	230	250
Total loans receivable	3,486	3,756
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Real Estate Acquired Through Foreclosure	29	35
Mortgage Loans in Process of Foreclosure, Amount	114	112
Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Nonaccrual Status	343	352
Financing Receivables, 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	131	114
Financing Receivables, 90 To 179 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	46	42
Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	134	139
One- To Four-Family [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	1,623	1,774
One- To Four-Family [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Nonaccrual Status	212	215
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	84	67
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	25	23
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	87	86
Home Equity [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	$ 1,327	1,442
Home Equity [Member] | Junior Lien [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans and Leases Receivable, Loss Severity	91.00%
Home Equity [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 130	136
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	43
Home Equity [Member] | Financing Receivables, 90 To 179 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Financing Receivable, Recorded Investment, Past Due	20	18
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	47	53
Consumer [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans receivable, Current	225	245
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	4
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 (Detail50

Loans Receivable, Net (Details - Allowance) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period	$ 221	$ 353
Provision (benefit) for loan losses	(14)	(34)
Charge-offs	(2)	(8)
Recoveries	8	11
Net (charge-offs) recoveries	6	3
Allowance for loan losses, end of period	213	322
One- To Four-Family [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period	45	40
Provision (benefit) for loan losses	0	8
Charge-offs	0	(1)
Recoveries	1	2
Net (charge-offs) recoveries	1	1
Allowance for loan losses, end of period	46	49
Home Equity [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period	171	307
Provision (benefit) for loan losses	(15)	(42)
Charge-offs	0	(5)
Recoveries	6	7
Net (charge-offs) recoveries	6	2
Allowance for loan losses, end of period	162	267
Consumer [Member]
Financing Receivables, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of period	5	6
Provision (benefit) for loan losses	1	0
Charge-offs	(2)	(2)
Recoveries	1	2
Net (charge-offs) recoveries	(1)	0
Allowance for loan losses, end of period	$ 5	$ 6

Loans Receivable, Net (Detail51

Loans Receivable, Net (Details - TDRs Accrual and Nonaccrual) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Recorded Investment in TDRs	$ 424	$ 441
Financing Receivable, Troubled Debt Restructurings, Modifications, Total1	307	316
Financing Receivable, Troubled Debt Restructurings, Bankruptcy Notifications	117	125
Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Accrual TDRs	208	216
Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual TDRs, Current	121	131
Nonaccrual TDRs, 30-89 Days Delinquent	30	26
Nonaccrual TDRs, 90-179 Days Delinquent	10	12
Nonaccrual TDRs, 180 Plus Days Delinquent	55	56
One- To Four-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in TDRs	236	246
TDR unpaid principal balance	234	243
One- To Four-Family [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Accrual TDRs	96	97
One- To Four-Family [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual TDRs, Current	80	90
Nonaccrual TDRs, 30-89 Days Delinquent	19	16
Nonaccrual TDRs, 90-179 Days Delinquent	6	8
Nonaccrual TDRs, 180 Plus Days Delinquent	35	35
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in TDRs	188	195
Home Equity [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Accrual TDRs	112	119
Home Equity [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual TDRs, Current	41	41
Nonaccrual TDRs, 30-89 Days Delinquent	11	10
Nonaccrual TDRs, 90-179 Days Delinquent	4	4
Nonaccrual TDRs, 180 Plus Days Delinquent	$ 20	$ 21

Loans Receivable, Net (Detail52

Loans Receivable, Net (Details - TDRs Average Investment and Income) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Financing Receivable, Impaired [Line Items]
TDRs, Average Recorded Investment	$ 433	$ 487
TDRs, Interest Income Recognized	7	6
One- To Four-Family [Member]
Financing Receivable, Impaired [Line Items]
TDRs, Average Recorded Investment	241	282
TDRs, Interest Income Recognized	3	2
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
TDRs, Average Recorded Investment	192	205
TDRs, Interest Income Recognized	$ 4	$ 4

Loans Receivable, Net (Detail53

Loans Receivable, Net (Details - TDRs Specific Valuation Allowance) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Impaired Financing Receivable With And With No Related Allowance [Line Items]
Recorded Investment in TDRs	$ 424	$ 441
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	50	58
One- To Four-Family [Member]
Impaired Financing Receivable With And With No Related Allowance [Line Items]
Impaired Financing Receivable, With Related Allowance, Recorded Investment	55	61
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	181	185
Recorded Investment in TDRs	236	246
Impaired Financing Receivable, Related Allowance	5	7
Impaired Financing Receivable, with Related Allowance, Net Investment	50	54
Impaired Financing Receivable, with No Related Allowance, Net Investment	181	185
Impaired Financing Receivables, Net Investment, Total	231	239
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	5	7
Home Equity [Member]
Impaired Financing Receivable With And With No Related Allowance [Line Items]
Impaired Financing Receivable, With Related Allowance, Recorded Investment	101	111
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	87	84
Recorded Investment in TDRs	188	195
Impaired Financing Receivable, Related Allowance	45	51
Impaired Financing Receivable, with Related Allowance, Net Investment	56	60
Impaired Financing Receivable, with No Related Allowance, Net Investment	87	84
Impaired Financing Receivables, Net Investment, Total	143	144
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 45	$ 51

Loans Receivable, Net (Detail54

Loans Receivable, Net (Details - Modifications Types and Financial Impact) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)loan	Mar. 31, 2016USD ($)loan
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | loan	169	207
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 13	$ 20
Re-Age Extension or Interest Capitalization with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	5	6
Other with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	1
Other without Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 8	$ 13
One- To Four-Family [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | loan	8	14
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 2	$ 5
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	2	4
One- To Four-Family [Member] | Other with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
One- To Four-Family [Member] | Other without Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0	$ 1
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | loan	161	193
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 11	$ 15
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	3	2
Home Equity [Member] | Other with Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	1
Home Equity [Member] | Other without Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 8	$ 12

Derivative Instruments and He55

Derivative Instruments and Hedging Activities (Details - Fair Value of Derivatives) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative, Collateral [Abstract]
Derivative Asset, Fair Value, Amount Offset Against Collateral	$ 16
Derivative Liability, Fair Value, Amount Offset Against Collateral	17
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	5,569	$ 3,862
Derivative Asset	128	165
Derivative Liability	(12)	(31)
Derivative Asset (Liability), Net	116	134
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	5,569	3,862
Derivative Asset	128	165
Derivative Liability	(12)	(31)
Derivative Asset (Liability), Net	$ 116	$ 134

Derivative Instruments and He56

Derivative Instruments and Hedging Activities (Details - Fair Value Hedge) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Hedge, Hedging Instrument	$ 24	$ (116)
Fair Value Hedge, Hedged Item	(25)	114
Fair Value Hedge, Hedge Ineffectiveness	(1)	(2)
Agency Debentures [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Hedge, Hedging Instrument	11	(47)
Fair Value Hedge, Hedged Item	(11)	46
Fair Value Hedge, Hedge Ineffectiveness	0	(1)
Agency mortgage-backed securities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Hedge, Hedging Instrument	13	(69)
Fair Value Hedge, Hedged Item	(14)	68
Fair Value Hedge, Hedge Ineffectiveness	$ (1)	$ (1)

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Deposits By Type [Abstract]
Sweep deposits	$ 31,955	$ 26,362
Savings deposits	3,238	3,185
Other deposits(1)(2)	2,191	2,135
Total deposits	$ 37,384	$ 31,682
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	$ 195	$ 177

Other Borrowings (Details)

Other Borrowings (Details)	3 Months Ended
	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Line of Credit Facility [Line Items]
Other borrowings	$ 409,000,000	$ 409,000,000
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
Trust preferred securities
Line of Credit Facility [Line Items]
Debt instrument maturity year	2,031
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000,000
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] | 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] | 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

Corporate Debt (Details)

Corporate Debt (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Debt Disclosure (Textuals) [Abstract]
Conversion of convertible debentures	$ 3	$ 4
Stock Issued During Period, Shares, Conversion of Convertible Securities	0.3
Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value	$ 1,000		$ 1,003
Unamortized discount	(9)		(9)
Total corporate debt	$ 991		994
Interest Bearing Total [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value			1,000
Unamortized discount			(9)
Total corporate debt			$ 991
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
Unamortized discount	(5)		(5)
Total corporate debt	$ 535		$ 535
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage	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
Senior Notes Interest Bearing Four And Five Eighths Percent [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value	$ 460		$ 460
Unamortized discount	(4)		(4)
Total corporate debt	$ 456		$ 456
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage	4.625%		4.625%
Noninterest Bearing Convertible Debentures [Member]
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument maturity year			2,019
Noninterest Bearing Convertible Debentures [Member] | Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Face Value			$ 3
Unamortized discount			0
Total corporate debt			$ 3
Debt Instrument Interest Rate Stated Percentage [Abstract]
Debt instrument, interest rate, stated percentage			0.00%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250
Line of Credit Facility, Fair Value of Amount Outstanding	$ 0
Line of Credit Facility, Expiration Date	Nov. 30, 2017
Line of Credit Facility, Unrestricted Cash Minimum	$ 100

Shareholders' Equity (Details -

Shareholders' Equity (Details - Accumulated Other Comprehensive Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance,	$ (137)	$ (99)
Other comprehensive income (loss), before reclassifications	46	94
Amounts reclassified from accumulated other comprehensive income (loss)	(7)	(9)
Other comprehensive income (loss)	39	85
Ending balance,	(98)	(14)
Available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance,	(139)	(101)
Other comprehensive income (loss), before reclassifications	46	94
Amounts reclassified from accumulated other comprehensive income (loss)	(5)	(9)
Other comprehensive income (loss)	41	85
Ending balance,	(98)	(16)
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance,	2	2
Other comprehensive income (loss), before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	(2)	0
Other comprehensive income (loss)	(2)	0
Ending balance,	$ 0	$ 2

Shareholders' Equity (Details61

Shareholders' Equity (Details - Other Comprehensive Income Activity) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Available-for-sale securities, before tax
Unrealized gains (losses), before tax	$ 76	$ 152
Reclassification into earnings, before tax	(8)	(15)
Net change from available-for-sale securities, before tax	68	137
Foreign currency translation, before tax
Reclassification of foreign currency translation gains, before tax	(2)	0
Available-for-sale securities, tax effect
Unrealized gains (losses), tax effect	(30)	(58)
Reclassification into earnings, tax effect	3	6
Net change from available-for-sale securities, tax effect	(27)	(52)
Foreign currency translation, tax effect
Reclassification of foreign currency translation gains, tax effect	0	0
Available-for-sale securities, after tax
Unrealized gains (losses), after tax	46	94
Reclassification into earnings, after tax	(5)	(9)
Net change from available-for-sale securities	41	85
Foreign currency translation, after tax
Reclassification of foreign currency translation gains, after tax	(2)	0
Other comprehensive income (loss), before tax	66	137
Other comprehensive income (loss), tax effect	(27)	(52)
Other comprehensive income (loss)	$ 39	$ 85

Shareholders' Equity (Details62

Shareholders' Equity (Details - Reclassification Out Of Accumulated Other Comprehensive Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Gains on securities and other, net	$ 10	$ 10
Income tax (expense) benefit	(80)	(41)
Other non-interest expenses	(16)	(18)
Net income	145	153
Available-for-sale securities | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Gains on securities and other, net	8	15
Income tax (expense) benefit	(3)	(6)
Net income	5	9
Foreign currency translation | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-interest expenses	2	0
Net income	$ 2	$ 0

Shareholders Equity (Details -

Shareholders Equity (Details - Textuals) - USD ($) $ / shares in Units, $ in Millions	Mar. 15, 2017	Feb. 02, 2017	Mar. 31, 2017
Preferred stock dividend declared			$ 13
Series A preferred stock [Member]
Preferred stock dividend declared		$ 13
Preferred stock holders of record, date of record		Feb. 28, 2017
Preferred stock dividends, date to be paid	Mar. 15, 2017
Preferred stock dividend declared, per share		$ 32.64

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Basic:
Net income	$ 145	$ 153
Preferred stock dividends	13	0
Net income available to common shareholders	$ 132	$ 153
Basic weighted-average shares outstanding (in thousands)	274,876	285,274
Basic earnings per share (in dollars per share)	$ 0.48	$ 0.54
Diluted:
Net income	$ 145	$ 153
Preferred stock dividends	13	0
Net income available to common shareholders	$ 132	$ 153
Basic weighted-average shares outstanding (in thousands)	274,876	285,274
Effect of dilutive securities:
Weighted-average restricted stock and options issued to employees (in thousands)	1,109	809
Weighted-average convertible debentures (in thousands)	292	597
Diluted weighted-average shares outstanding (in thousands)	276,277	286,680
Diluted earnings per share (in dollars per share)	$ 0.48	$ 0.53
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	100

Regulatory Requirements (Detail

Regulatory Requirements (Details) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
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		$ 169,000,000	$ 159,000,000
Net Capital		1,054,000,000	1,012,000,000
Excess Net Capital		885,000,000	853,000,000
E TRADE Securities [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital		167,000,000	158,000,000
Net Capital		1,006,000,000	969,000,000
Excess Net Capital		839,000,000	811,000,000
Dividends from subsidiaries paid to parent company		70,000,000
E TRADE Securities [Member] | Subsequent Event [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Dividends from subsidiaries paid to parent company	$ 50,000,000
OptionsHouse [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital		1,000,000	1,000,000
Net Capital		28,000,000	22,000,000
Excess Net Capital		27,000,000	21,000,000
Other Broker Dealers [Member]
Broker Dealer Subsidiaries Net Capital [Line Items]
Required Net Capital		1,000,000	0
Net Capital		20,000,000	21,000,000
Excess Net Capital		$ 19,000,000	$ 21,000,000

Regulatory Requirements - Bank

Regulatory Requirements - Bank Capital Requirements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
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	$ 3,710	$ 3,610
Tier One Leverage Capital to Adjusted Assets	7.20%	7.80%
Tier One Leverage Capital Required to be Well Capitalized	$ 2,560	$ 2,316
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	$ 1,150	$ 1,294
Common equity Tier I capital [Abstract]
Common Equity Tier One Capital	$ 3,452	$ 3,483
Common Equity Tier One Capital to Risk Weighted Assets	33.00%	37.00%
Common Equity Tier One Capital Required To Be Well Capitalized	$ 680	$ 612
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	$ 2,772	$ 2,871
Tier I risk based capital [Abstract]
Tier One Risk Based Capital	$ 3,710	$ 3,610
Tier One Risk Based Capital to Risk Weighted Assets	35.40%	38.30%
Tier One Risk Based Capital Required to be Well Capitalized	$ 837	$ 754
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	$ 2,873	$ 2,856
Total risk-based capital [Abstract]
Capital	$ 4,259	$ 4,148
Capital to Risk Weighted Assets	40.70%	44.00%
Capital Required to be Well Capitalized	$ 1,047	$ 942
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Excess capital to be well capitalized	$ 3,212	$ 3,206
E TRADE Bank [Member]
Tier I leverage [Abstract]
Tier One Leverage Capital	$ 3,251	$ 3,132
Tier One Leverage Capital to Adjusted Assets	8.10%	8.80%
Tier One Leverage Capital Required to be Well Capitalized	$ 2,018	$ 1,786
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	$ 1,233	$ 1,346
Common equity Tier I capital [Abstract]
Common Equity Tier One Capital	$ 3,251	$ 3,132
Common Equity Tier One Capital to Risk Weighted Assets	35.00%	38.30%
Common Equity Tier One Capital Required To Be Well Capitalized	$ 603	$ 532
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	$ 2,648	$ 2,600
Tier I risk based capital [Abstract]
Tier One Risk Based Capital	$ 3,251	$ 3,132
Tier One Risk Based Capital to Risk Weighted Assets	35.00%	38.30%
Tier One Risk Based Capital Required to be Well Capitalized	$ 742	$ 655
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	$ 2,509	$ 2,477
Total risk-based capital [Abstract]
Capital	$ 3,369	$ 3,237
Capital to Risk Weighted Assets	36.30%	39.50%
Capital Required to be Well Capitalized	$ 928	$ 819
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Excess capital to be well capitalized	$ 2,441	$ 2,418

Commitments, Contingencies an67

Commitments, Contingencies and Other Regulatory Matters (Details) $ / shares in Units, $ in Millions	Oct. 20, 2014	May 16, 2011	Mar. 31, 2017USD ($)$ / CapitalSecurity	Dec. 31, 2003USD ($)	Feb. 10, 2017	Apr. 30, 2013$ / shares
Loss Contingencies [Line Items]
Commitments to fund partnerships			$ 92
Time deposit maturities, next rolling twelve months			$ 23
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			$ 416
Unfunded Commitments to Extend Credit [Member]
Supply Commitment [Line Items]
Unfunded Commitments To Extend Credit			$ 11
Axajo Complaint [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value				$ 1
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
Craig L Schwab Complaint [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number					2