Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 03, 2014 | |
Document Entity Information [Abstract] | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 1,376,475,042 |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'RF | ' |
Entity Registrant Name | 'REGIONS FINANCIAL CORP | ' |
Entity Central Index Key | '0001281761 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Assets | ' | ' |
Cash and Due from Banks | $1,770 | $1,661 |
Interest-bearing deposits in banks and other financial institutions | 2,993 | 3,612 |
Federal Funds Sold and Securities Purchased under Agreements to Resell | 20 | 0 |
Trading account securities | 103 | 111 |
Held-to-maturity Securities | 2,222 | 2,353 |
Available-for-sale Securities | 22,379 | 21,485 |
Loans held for sale | 504 | 1,055 |
Loans, net of unearned income | 76,607 | 74,609 |
Allowance for loan losses | -1,178 | -1,341 |
Net loans | 75,429 | 73,268 |
Other interest-earning assets | 91 | 86 |
Premises and Equipment, Net | 2,192 | 2,216 |
Interest Receivable | 310 | 313 |
Goodwill | 4,816 | 4,816 |
Residential mortgage servicing rights at fair value | 277 | 297 |
Other identifiable intangible assets | 287 | 295 |
Other Assets | 5,833 | 5,828 |
Total assets | 119,226 | 117,396 |
Deposits: | ' | ' |
Non-interest-bearing | 31,388 | 30,083 |
Interest-bearing | 62,742 | 62,370 |
Total deposits | 94,130 | 92,453 |
Borrowed funds: | ' | ' |
Federal funds purchased and securities sold under agreements to repurchase | 1,893 | 2,182 |
Long-term borrowings | 3,813 | 4,830 |
Total borrowed funds | 5,706 | 7,012 |
Other liabilities | 2,230 | 2,163 |
Total liabilities | 102,066 | 101,628 |
Stockholders' equity: | ' | ' |
Preferred stock, authorized 10 million shares, par value $1.00 per share, Non-cumulative perpetual, liquidation preference $1,000.00 per share, including related surplus, net of issuance costs; issued—1,000,000 and 500,000 shares, respectively | 900 | 450 |
Common stock, authorized 3 billion shares, par value $.01 per share: Issued including treasury stock—1,419,889,980 and 1,419,006,360 shares, respectively | 14 | 14 |
Additional paid-in capital | 19,069 | 19,216 |
Retained earnings (deficit) | -1,272 | -2,216 |
Treasury stock, at cost—41,262,629 and 41,285,676 shares, respectively | -1,377 | -1,377 |
Accumulated other comprehensive income (loss), net | -174 | -319 |
Total stockholders' equity | 17,160 | 15,768 |
Total liabilities and stockholders' equity | $119,226 | $117,396 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | ||
Securities held to maturity, estimated fair value | $2,224 | $2,307 |
Loans held for sale, at fair value | $456 | $429 |
Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Common Stock, Shares Authorized | 3,000,000,000 | 3,000,000,000 |
Common Stock, Shares, Issued | 1,419,889,980 | 1,419,006,360 |
Treasury Stock, Shares | 41,262,629 | 41,285,676 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par Value Per Share | $1 | $1 |
Noncumulative Preferred Stock [Member] | ' | ' |
Preferred Stock, liquidation preference per share | $1,000 | $1,000 |
Preferred Stock, shares issued | 1,000,000 | 500,000 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Interest income on: | ' | ' | ' | ' | ||||
Loans, including fees | $736 | $758 | $2,205 | $2,247 | ||||
Securities - taxable | 154 | 144 | 464 | 452 | ||||
Loans held for sale | 5 | 6 | 17 | 23 | ||||
Trading account securities | 0 | 1 | 2 | 2 | ||||
Other interest-earning assets | 2 | 2 | 6 | 5 | ||||
Total interest income | 897 | 911 | 2,694 | 2,729 | ||||
Interest expense on: | ' | ' | ' | ' | ||||
Deposits | 26 | 31 | 78 | 106 | ||||
Short-term borrowings | 0 | 1 | 1 | 2 | ||||
Long-term borrowings | 50 | 55 | 156 | 191 | ||||
Total interest expense | 76 | 87 | 235 | 299 | ||||
Net interest income | 821 | 824 | 2,459 | 2,430 | ||||
Provision for loan losses | 24 | 18 | 61 | 59 | ||||
Net interest income after provision for loan losses | 797 | 806 | 2,398 | 2,371 | ||||
Non-interest income: | ' | ' | ' | ' | ||||
Service charges on deposit accounts | 181 | 190 | 528 | 549 | ||||
Card and ATM fees | 85 | 82 | 248 | 239 | ||||
Mortgage income | 39 | 52 | 122 | 193 | ||||
Securities gains (losses), net | 7 | 3 | 15 | 26 | ||||
Other | 166 | 168 | 460 | 486 | ||||
Total non-interest income | 478 | 495 | 1,373 | 1,493 | ||||
Non-interest expense: | ' | ' | ' | ' | ||||
Salaries and employee benefits | 456 | 455 | 1,354 | 1,354 | ||||
Net occupancy expense | 92 | 92 | 275 | 274 | ||||
Furniture and equipment expense | 73 | 71 | 213 | 209 | ||||
Other | 205 | 266 | 621 | 773 | ||||
Total non-interest expense | 826 | 884 | 2,463 | 2,610 | ||||
Income from continuing operations before income taxes | 449 | 417 | 1,308 | 1,254 | ||||
Income tax expense | 127 | 124 | 380 | 360 | ||||
Income from continuing operations | 322 | 293 | 928 | 894 | ||||
Discontinued operations: | ' | ' | ' | ' | ||||
Income (loss) from discontinued operations before income taxes | 5 | -1 | 26 | 1 | ||||
Income tax expense (benefit) | 2 | -1 | 10 | 0 | ||||
Income (loss) from discontinued operations, net of tax | 3 | 0 | 16 | 1 | ||||
Net income | 325 | 293 | 944 | 895 | ||||
Net income from continuing operations available to common shareholders | 302 | 285 | 892 | 870 | ||||
Net income available to common shareholders | $305 | $285 | $908 | $871 | ||||
Weighted-average number of shares outstanding: | ' | ' | ' | ' | ||||
Basic | 1,378 | 1,388 | 1,378 | 1,401 | ||||
Diluted | 1,389 | 1,405 | 1,390 | 1,415 | ||||
Earnings per common share from continuing operations: | ' | ' | ' | ' | ||||
Basic | $0.22 | [1] | $0.21 | [1] | $0.65 | [1] | $0.62 | [1] |
Diluted | $0.22 | [1] | $0.20 | [1] | $0.64 | [1] | $0.61 | [1] |
Earnings per common share: | ' | ' | ' | ' | ||||
Basic | $0.22 | [1] | $0.21 | [1] | $0.66 | [1] | $0.62 | [1] |
Diluted | $0.22 | [1] | $0.20 | [1] | $0.65 | [1] | $0.62 | [1] |
Cash dividends declared, per share | $0.05 | $0.03 | $0.13 | $0.07 | ||||
[1] | Certain per share amounts may not appear to reconcile due to rounding. |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net income | $325 | $293 | $944 | $895 |
Unrealized losses on securities transferred to held to maturity: [Abstract] | ' | ' | ' | ' |
Unrealized losses on securities transferred to held to maturity, net of tax | 0 | 0 | 0 | -68 |
Less: Reclassification Adjustments for Amortization of Unrealized Losses on Securities Transferred to Held to Maturity, Net of Tax | -2 | -2 | -6 | -2 |
Net change in unrealized losses on securities transferred to held to maturity, Net of Tax | 2 | 2 | 6 | -66 |
Unrealized gains (losses) on securities available for sale: | ' | ' | ' | ' |
Unrealized holding gains (losses) arising during the period on securities available for sale (net of tax) | -87 | 43 | 143 | -378 |
Less: reclassification adjustments for securities gains (losses) realized in net income (net of tax) | 5 | 2 | 10 | 17 |
Net change in unrealized gains (losses) on securities available for sale, net of tax | -92 | 41 | 133 | -395 |
Unrealized gains (losses) on derivative instruments designated as cash flow hedges: | ' | ' | ' | ' |
Unrealized holding gains (losses) on derivatives arising during the period (net of tax) | -16 | 28 | 48 | -10 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | 21 | 16 | 56 | 36 |
Net change in unrealized gains (losses) on derivative instruments, net of tax | -37 | 12 | -8 | -46 |
Defined benefit pension plans and other post employment benefits: | ' | ' | ' | ' |
Net actuarial gains (losses) arising during the period (net of tax) | 0 | 0 | 1 | -2 |
Less: reclassification adjustments for amortization of actuarial loss and prior service cost realized in net income, and other (net of tax) | -5 | -12 | -13 | -33 |
Net change from defined benefit pension plans, net of tax | 5 | 12 | 14 | 31 |
Other Comprehensive Income (Loss), Net of Tax | -122 | 67 | 145 | -476 |
Comprehensive income (loss) | $203 | $360 | $1,089 | $419 |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Other Comprehensive Income (Loss), Transfers from Available for Sale to Held to Maturity, Tax | $0 | $0 | $0 | ($43) |
Amortization of unrealized losses on securities transferred to held to maturity, tax | -1 | -2 | -4 | -2 |
Unrealized holding gains, tax | -53 | 26 | 87 | -232 |
Reclassification adjustments for securities gains realized in net income, tax | 2 | 1 | 5 | 9 |
Unrealized holding gains on derivatives, tax | -10 | 18 | 30 | -6 |
Reclassification adjustments for gains realized in net income, tax | 13 | 10 | 35 | 22 |
Net actuarial gains and losses arising during the period, tax | 0 | 0 | 2 | 0 |
Amortization of actuarial loss and prior service cost realized in net income, and other, tax | ($2) | ($7) | ($6) | ($19) |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Stockholders' Equity Attributable to Parent | $17,160 | $15,489 | $17,160 | $15,489 | $15,768 | $15,499 |
Net income | 325 | 293 | 944 | 895 | ' | ' |
Unrealized losses on securities transferred to held to maturity, net of tax | 0 | 0 | 0 | -68 | ' | ' |
Amortization of unrealized losses on securities transferred to held to maturity, net of tax | 2 | 2 | 6 | 2 | ' | ' |
Net change in unrealized gains and losses on securities available for sale, net of tax and reclassification adjustment | -92 | 41 | 133 | -395 | ' | ' |
Net change in unrealized gains and losses on derivative instruments, net of tax and reclassification adjustment | -37 | 12 | -8 | -46 | ' | ' |
Net change from defined benefit pension plans, net of tax | 5 | 12 | 14 | 31 | ' | ' |
Cash dividend declared | ' | ' | -180 | -97 | ' | ' |
Preferred stock dividends | ' | ' | -36 | -24 | ' | ' |
Net proceeds from issuance of preferred stock | ' | ' | 486 | 0 | ' | ' |
Impact of share repurchase, shares | 0 | ' | ' | ' | ' | ' |
Impact of share repurchase, value | ' | ' | -8 | -340 | ' | ' |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | ' | ' | 41 | 32 | ' | ' |
Preferred Stock [Member] | ' | ' | ' | ' | ' | ' |
Shares, Outstanding | 1 | 1 | 1 | 1 | 1 | 1 |
Stockholders' Equity Attributable to Parent | 900 | 458 | 900 | 458 | 450 | 482 |
Preferred stock dividends | ' | ' | -36 | -24 | ' | ' |
Common Stock [Member] | ' | ' | ' | ' | ' | ' |
Shares, Outstanding | 1,379 | 1,378 | 1,379 | 1,378 | 1,378 | 1,413 |
Stockholders' Equity Attributable to Parent | 14 | 14 | 14 | 14 | 14 | 15 |
Impact of share repurchase, shares | ' | ' | -1 | -36 | ' | ' |
Impact of share repurchase, value | ' | ' | ' | -1 | ' | ' |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | ' | ' | 2 | 1 | ' | ' |
Additional Paid-in Capital [Member] | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Parent | 19,069 | 19,248 | 19,069 | 19,248 | 19,216 | 19,652 |
Cash dividend declared | ' | ' | -180 | -97 | ' | ' |
Impact of share repurchase, value | ' | ' | -8 | -339 | ' | ' |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | ' | ' | 41 | 32 | ' | ' |
Retained Earnings [Member] | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Parent | -1,272 | -2,443 | -1,272 | -2,443 | -2,216 | -3,338 |
Net income | ' | ' | 944 | 895 | ' | ' |
Treasury Stock [Member] | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Parent | -1,377 | -1,377 | -1,377 | -1,377 | -1,377 | -1,377 |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Parent | -174 | -411 | -174 | -411 | -319 | 65 |
Unrealized losses on securities transferred to held to maturity, net of tax | ' | ' | ' | -68 | ' | ' |
Amortization of unrealized losses on securities transferred to held to maturity, net of tax | ' | ' | 6 | 2 | ' | ' |
Net change in unrealized gains and losses on securities available for sale, net of tax and reclassification adjustment | ' | ' | 133 | -395 | ' | ' |
Net change in unrealized gains and losses on derivative instruments, net of tax and reclassification adjustment | ' | ' | -8 | -46 | ' | ' |
Net change from defined benefit pension plans, net of tax | ' | ' | 14 | 31 | ' | ' |
Series B Preferred Stock [Member] | ' | ' | ' | ' | ' | ' |
Net proceeds from issuance of preferred stock | ' | ' | $486 | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY Consolidated Statement of Changes in Stockholder's Equity (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2014 | Sep. 30, 2014 | |
Common Stock, Dividends, Per Share, Declared | $0.05 | $0.13 |
Series B Preferred Stock [Member] | ' | ' |
Preferred Stock, Shares Issued | 500,000 | 500,000 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Operating activities: | ' | ' |
Net income | $944 | $895 |
Adjustments to reconcile net income to net cash from operating activities: | ' | ' |
Provision for loan losses | 61 | 59 |
Depreciation, amortization and accretion, net | 391 | 497 |
Provision for losses on other real estate, net | -13 | 14 |
Securities (gains) losses, net | -15 | -26 |
Deferred income tax expense | 176 | 310 |
Originations and purchases of loans held for sale | -1,848 | -3,373 |
Proceeds from sales of loans held for sale | 1,948 | 4,156 |
Gain on TDRs held for sale, net | -35 | 0 |
(Gain) loss on sale of loans, net | -89 | -101 |
(Gain) loss on early extinguishment of debt | 0 | 61 |
(Gain) loss on sale of other assets | 0 | -24 |
Net change in operating assets and liabilities: | ' | ' |
Trading account securities | 8 | -3 |
Other interest-earning assets | -5 | 795 |
Interest receivable | 3 | 13 |
Other assets | -69 | 331 |
Other liabilities | 64 | -451 |
Other | -3 | -7 |
Net cash from operating activities | 1,518 | 3,146 |
Investing activities: | ' | ' |
Proceeds from maturities of securities held to maturity | 130 | 41 |
Proceeds from sales of securities available for sale | 1,384 | 3,543 |
Proceeds from maturities of securities available for sale | 2,350 | 4,611 |
Purchases of securities available for sale | -4,524 | -5,888 |
Proceeds from sales of loans | 649 | 152 |
Purchases of loans | -814 | -733 |
Purchases of mortgage servicing rights | -12 | -28 |
Net change in loans | -1,662 | -1,970 |
Net purchases of premises and equipment and other assets | 164 | 122 |
Net cash from investing activities | -2,663 | -394 |
Financing activities: | ' | ' |
Net change in deposits | 1,677 | -3,153 |
Net change in short-term borrowings | -289 | 199 |
Proceeds from long-term borrowings | 0 | 750 |
Payments on long-term borrowings | -1,001 | -1,719 |
Cash dividends on common stock | -180 | -97 |
Cash dividends on preferred stock | -36 | -24 |
Repurchase of common stock | -8 | -340 |
Net proceeds from issuance of preferred stock | 486 | 0 |
Other | 6 | 2 |
Net cash from financing activities | 655 | -4,382 |
Net change in cash and cash equivalents | -490 | -1,630 |
Cash and cash equivalents at beginning of year | 5,273 | 5,489 |
Cash and cash equivalents at end of period | $4,783 | $3,859 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
BASIS OF PRESENTATION | |
Regions Financial Corporation (“Regions” or "the Company”) provides a full range of banking and bank-related services to individual and corporate customers through its subsidiaries and branch offices located primarily in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia. The Company is subject to competition from other financial institutions, is subject to the regulations of certain government agencies and undergoes periodic examinations by certain of those regulatory authorities. | |
The accounting and reporting policies of Regions and the methods of applying those policies that materially affect the consolidated financial statements conform with accounting principles generally accepted in the United States (“GAAP”) and with general financial services industry practices. The accompanying interim financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and notes to the consolidated financial statements necessary for a complete presentation of financial position, results of operations, comprehensive income and cash flows in conformity with GAAP. In the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair presentation of the consolidated financial statements have been included. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto in Regions’ Form 10-K for the year ended December 31, 2013. Regions has evaluated all subsequent events for potential recognition and disclosure through the filing date of this Form 10-Q. | |
On January 11, 2012, Regions entered into an agreement to sell Morgan Keegan & Company, Inc. (“Morgan Keegan”) and related affiliates. The transaction closed on April 2, 2012. See Note 2 and Note 14 for further details. Results of operations for the entities sold are presented separately as discontinued operations for all periods presented on the consolidated statements of income. This presentation is consistent with the consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2013. | |
Certain amounts in prior period financial statements have been reclassified to conform to the current period presentation. For example, the "card and ATM fees" line item on the consolidated statements of income represents the combined amounts of credit card/bank card income and debit card and ATM related revenue. Debit card and ATM related revenue was previously included in the "service charges on deposit accounts" line item. Credit card/bank card income was previously included in the "other" non-interest income line item. These reclassifications are immaterial and have no effect on net income, comprehensive income, total assets or total stockholders’ equity as previously reported. |
Discontinued_Operations
Discontinued Operations | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Text Block [Abstract] | ' | |||||||||||||||
Discontinued Operations [Text Block] | ' | |||||||||||||||
DISCONTINUED OPERATIONS | ||||||||||||||||
On January 11, 2012, Regions entered into a stock purchase agreement to sell Morgan Keegan and related affiliates to Raymond James Financial, Inc. (“Raymond James”). The transaction closed on April 2, 2012. Regions Investment Management, Inc. (formerly known as Morgan Asset Management, Inc.) and Regions Trust were not included in the sale. In connection with the closing of the sale, Regions agreed to indemnify Raymond James for all litigation matters related to pre-closing activities. See Note 14 for related disclosure. | ||||||||||||||||
The following table represents the condensed results of operations for discontinued operations: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions, except per share data) | ||||||||||||||||
Non-interest income: | ||||||||||||||||
Insurance proceeds | $ | 19 | $ | — | $ | 19 | $ | — | ||||||||
Total non-interest income | 19 | — | 19 | — | ||||||||||||
Non-interest expense: | ||||||||||||||||
Professional and legal expenses | 14 | 3 | (8 | ) | (1 | ) | ||||||||||
Other | — | (2 | ) | 1 | — | |||||||||||
Total non-interest expense | 14 | 1 | (7 | ) | (1 | ) | ||||||||||
Income (loss) from discontinued operations before income taxes | 5 | (1 | ) | 26 | 1 | |||||||||||
Income tax expense (benefit) | 2 | (1 | ) | 10 | — | |||||||||||
Income (loss) from discontinued operations, net of tax | $ | 3 | $ | — | $ | 16 | $ | 1 | ||||||||
Earnings (loss) per common share from discontinued operations: | ||||||||||||||||
Basic | $ | 0 | $ | (0.00 | ) | $ | 0.01 | $ | 0 | |||||||
Diluted | $ | 0 | $ | (0.00 | ) | $ | 0.01 | $ | 0 | |||||||
Securities
Securities | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||||||
Securities | ' | |||||||||||||||||||||||||||
SECURITIES | ||||||||||||||||||||||||||||
The amortized cost, gross unrealized gains and losses, and estimated fair value of securities held to maturity and securities available for sale are as follows: | ||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||
Recognized in OCI (1) | Not recognized in OCI | |||||||||||||||||||||||||||
Amortized | Gross Unrealized Gains | Gross Unrealized Losses | Carrying Value | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | |||||||||||||||||||||||||
Gains | Losses | Value | ||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 1 | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||||
Federal agency securities | 351 | — | (13 | ) | 338 | 4 | — | 342 | ||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,745 | — | (74 | ) | 1,671 | 10 | (5 | ) | 1,676 | |||||||||||||||||||
Commercial agency | 219 | — | (7 | ) | 212 | — | (7 | ) | 205 | |||||||||||||||||||
$ | 2,316 | $ | — | $ | (94 | ) | $ | 2,222 | $ | 14 | $ | (12 | ) | $ | 2,224 | |||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 61 | $ | — | $ | — | $ | 61 | $ | 61 | ||||||||||||||||||
Federal agency securities | 68 | 1 | — | 69 | 69 | |||||||||||||||||||||||
Obligations of states and political subdivisions | 3 | — | — | 3 | 3 | |||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 16,362 | 236 | (78 | ) | 16,520 | 16,520 | ||||||||||||||||||||||
Residential non-agency | 8 | 1 | — | 9 | 9 | |||||||||||||||||||||||
Commercial agency | 1,608 | 7 | (12 | ) | 1,603 | 1,603 | ||||||||||||||||||||||
Commercial non-agency | 1,493 | 11 | (16 | ) | 1,488 | 1,488 | ||||||||||||||||||||||
Corporate and other debt securities | 1,973 | 43 | (22 | ) | 1,994 | 1,994 | ||||||||||||||||||||||
Equity securities | 622 | 10 | — | 632 | 632 | |||||||||||||||||||||||
$ | 22,198 | $ | 309 | $ | (128 | ) | $ | 22,379 | $ | 22,379 | ||||||||||||||||||
________ | ||||||||||||||||||||||||||||
(1) The gross unrealized losses recognized in other comprehensive income (OCI) on held to maturity securities resulted from a transfer of available for sale securities to held to maturity in the second quarter of 2013. | ||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||
Recognized in OCI (1) | Not recognized in OCI | |||||||||||||||||||||||||||
Amortized | Gross Unrealized Gains | Gross Unrealized Losses | Carrying Value | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | |||||||||||||||||||||||||
Gains | Losses | Value | ||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 1 | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||||
Federal agency securities | 351 | — | (15 | ) | 336 | — | (3 | ) | 333 | |||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,878 | — | (81 | ) | 1,797 | — | (37 | ) | 1,760 | |||||||||||||||||||
Commercial agency | 227 | — | (8 | ) | 219 | — | (6 | ) | 213 | |||||||||||||||||||
$ | 2,457 | $ | — | $ | (104 | ) | $ | 2,353 | $ | — | $ | (46 | ) | $ | 2,307 | |||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 56 | $ | — | $ | — | $ | 56 | $ | 56 | ||||||||||||||||||
Federal agency securities | 88 | 1 | — | 89 | 89 | |||||||||||||||||||||||
Obligations of states and political subdivisions | 5 | — | — | 5 | 5 | |||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 15,664 | 183 | (170 | ) | 15,677 | 15,677 | ||||||||||||||||||||||
Residential non-agency | 8 | 1 | — | 9 | 9 | |||||||||||||||||||||||
Commercial agency | 947 | 4 | (16 | ) | 935 | 935 | ||||||||||||||||||||||
Commercial non-agency | 1,232 | 12 | (33 | ) | 1,211 | 1,211 | ||||||||||||||||||||||
Corporate and other debt securities | 2,855 | 44 | (72 | ) | 2,827 | 2,827 | ||||||||||||||||||||||
Equity securities | 664 | 12 | — | 676 | 676 | |||||||||||||||||||||||
$ | 21,519 | $ | 257 | $ | (291 | ) | $ | 21,485 | $ | 21,485 | ||||||||||||||||||
_________ | ||||||||||||||||||||||||||||
(1) The gross unrealized losses recognized in other comprehensive income (OCI) on held to maturity securities resulted from a transfer of available for sale securities to held to maturity in the second quarter of 2013. | ||||||||||||||||||||||||||||
During the second quarter of 2013, Regions transferred securities with a fair value of $2.4 billion from available for sale to held to maturity. Management determined it has both the positive intent and ability to hold these securities to maturity. The securities were reclassified at fair value at the time of transfer and represented a non-cash transaction. Accumulated other comprehensive income included net pre-tax unrealized losses of $111 million on the securities at the date of transfer. These unrealized losses and the offsetting OCI components are being amortized into net interest income over the remaining life of the related securities as a yield adjustment, resulting in no impact on future net income. | ||||||||||||||||||||||||||||
Equity securities in the tables above included the following amortized cost related to Federal Reserve Bank stock and Federal Home Loan Bank (“FHLB”) stock. Shares in the Federal Reserve Bank and FHLB are accounted for at amortized cost, which approximates fair value. | ||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Federal Reserve Bank | $ | 477 | $ | 472 | ||||||||||||||||||||||||
Federal Home Loan Bank | 16 | 67 | ||||||||||||||||||||||||||
Securities with carrying values of $12.5 billion at both September 30, 2014 and December 31, 2013 were pledged to secure public funds, trust deposits and certain borrowing arrangements. | ||||||||||||||||||||||||||||
The amortized cost and estimated fair value of securities available for sale and securities held to maturity at September 30, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||||||||||||
Amortized | Estimated | |||||||||||||||||||||||||||
Cost | Fair Value | |||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
Due in one year or less | $ | 1 | $ | 1 | ||||||||||||||||||||||||
Due after one year through five years | 1 | 1 | ||||||||||||||||||||||||||
Due after five years through ten years | 350 | 341 | ||||||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,745 | 1,676 | ||||||||||||||||||||||||||
Commercial agency | 219 | 205 | ||||||||||||||||||||||||||
$ | 2,316 | $ | 2,224 | |||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
Due in one year or less | $ | 69 | $ | 69 | ||||||||||||||||||||||||
Due after one year through five years | 749 | 764 | ||||||||||||||||||||||||||
Due after five years through ten years | 968 | 968 | ||||||||||||||||||||||||||
Due after ten years | 319 | 326 | ||||||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 16,362 | 16,520 | ||||||||||||||||||||||||||
Residential non-agency | 8 | 9 | ||||||||||||||||||||||||||
Commercial agency | 1,608 | 1,603 | ||||||||||||||||||||||||||
Commercial non-agency | 1,493 | 1,488 | ||||||||||||||||||||||||||
Equity securities | 622 | 632 | ||||||||||||||||||||||||||
$ | 22,198 | $ | 22,379 | |||||||||||||||||||||||||
The following tables present gross unrealized losses and the related estimated fair value of securities available for sale and held to maturity at September 30, 2014 and December 31, 2013. For securities transferred to held to maturity from available for sale, the analysis in the tables below is comparing the securities' original amortized cost to its current estimated fair value. These securities are segregated between investments that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more. | ||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||
Less Than Twelve Months | Twelve Months or More | Total | ||||||||||||||||||||||||||
Estimated | Gross | Estimated | Gross | Estimated | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
Federal agency securities | $ | — | $ | — | $ | 341 | $ | (9 | ) | $ | 341 | $ | (9 | ) | ||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | — | — | 1,674 | (69 | ) | 1,674 | (69 | ) | ||||||||||||||||||||
Commercial agency | — | — | 205 | (14 | ) | 205 | (14 | ) | ||||||||||||||||||||
$ | — | $ | — | $ | 2,220 | $ | (92 | ) | $ | 2,220 | $ | (92 | ) | |||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 14 | $ | — | $ | 5 | $ | — | $ | 19 | $ | — | ||||||||||||||||
Federal agency securities | — | — | 8 | — | 8 | — | ||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 3,288 | (14 | ) | 2,944 | (64 | ) | 6,232 | (78 | ) | |||||||||||||||||||
Residential non-agency | 1 | — | — | — | 1 | — | ||||||||||||||||||||||
Commercial agency | 556 | (4 | ) | 343 | (8 | ) | 899 | (12 | ) | |||||||||||||||||||
Commercial non-agency | 320 | (2 | ) | 565 | (14 | ) | 885 | (16 | ) | |||||||||||||||||||
All other securities | 275 | (2 | ) | 492 | (20 | ) | 767 | (22 | ) | |||||||||||||||||||
$ | 4,454 | $ | (22 | ) | $ | 4,357 | $ | (106 | ) | $ | 8,811 | $ | (128 | ) | ||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||
Less Than Twelve Months | Twelve Months or More | Total | ||||||||||||||||||||||||||
Estimated | Gross | Estimated | Gross | Estimated | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
Federal agency securities | $ | 190 | $ | (9 | ) | $ | 142 | $ | (8 | ) | $ | 332 | $ | (17 | ) | |||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,236 | (77 | ) | 521 | (41 | ) | 1,757 | (118 | ) | |||||||||||||||||||
Commercial agency | 212 | (15 | ) | — | — | 212 | (15 | ) | ||||||||||||||||||||
$ | 1,638 | $ | (101 | ) | $ | 663 | $ | (49 | ) | $ | 2,301 | $ | (150 | ) | ||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 15 | $ | — | $ | 1 | $ | — | $ | 16 | $ | — | ||||||||||||||||
Federal agency securities | 3 | — | 9 | — | 12 | — | ||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 6,153 | (161 | ) | 270 | (9 | ) | 6,423 | (170 | ) | |||||||||||||||||||
Commercial agency | 610 | (17 | ) | — | — | 610 | (17 | ) | ||||||||||||||||||||
Commercial non-agency | 711 | (30 | ) | 62 | (3 | ) | 773 | (33 | ) | |||||||||||||||||||
All other securities | 1,422 | (58 | ) | 209 | (13 | ) | 1,631 | (71 | ) | |||||||||||||||||||
$ | 8,914 | $ | (266 | ) | $ | 551 | $ | (25 | ) | $ | 9,465 | $ | (291 | ) | ||||||||||||||
The number of individual securities in an unrealized loss position in the tables above decreased from 1,052 at December 31, 2013 to 834 at September 30, 2014. The decrease in the number of securities and the total amount of unrealized losses from year-end 2013 was primarily due to changes in interest rates. In instances where an unrealized loss did occur, there was no indication of an adverse change in credit on any of the underlying securities in the tables above. Management believes no individual unrealized loss represented an other-than-temporary impairment as of those dates. The Company does not intend to sell, and it is not more likely than not that the Company will be required to sell, the securities before the recovery of their amortized cost basis, which may be at maturity. | ||||||||||||||||||||||||||||
At June 30, 2014, the Company made the decision to sell approximately $328 million of certain other securities available for sale that remained on the Company's balance sheet. As the Company intended to sell these securities, each security reflecting an unrealized loss was considered to have an other-than-temporary impairment. The table below reflects total other-than-temporary impairment losses recorded during the second quarter of 2014. All of these securities were subsequently sold during the third quarter of 2014. | ||||||||||||||||||||||||||||
Gross realized gains and gross realized losses on sales of securities available for sale, as well as other-than-temporary impairment losses are shown in the table below. The cost of securities sold is based on the specific identification method. | ||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Gross realized gains | $ | 9 | $ | 7 | $ | 25 | $ | 52 | ||||||||||||||||||||
Gross realized losses | (2 | ) | (4 | ) | (8 | ) | (26 | ) | ||||||||||||||||||||
Other-than-temporary-impairment ("OTTI") | — | — | (2 | ) | — | |||||||||||||||||||||||
Securities gains, net | $ | 7 | $ | 3 | $ | 15 | $ | 26 | ||||||||||||||||||||
Loans_and_the_Allowance_for_Cr
Loans and the Allowance for Credit Losses | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Text Block [Abstract] | ' | |||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | |||||||||||||||||||||||||||||||
LOANS AND THE ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||||||||||||||
LOANS | ||||||||||||||||||||||||||||||||
The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income: | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
(In millions, net of unearned income) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 31,857 | $ | 29,413 | ||||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 8,666 | 9,495 | ||||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 350 | 310 | ||||||||||||||||||||||||||||||
Total commercial | 40,873 | 39,218 | ||||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 4,940 | 5,318 | ||||||||||||||||||||||||||||||
Commercial investor real estate construction | 1,878 | 1,432 | ||||||||||||||||||||||||||||||
Total investor real estate | 6,818 | 6,750 | ||||||||||||||||||||||||||||||
Residential first mortgage | 12,264 | 12,163 | ||||||||||||||||||||||||||||||
Home equity | 10,968 | 11,294 | ||||||||||||||||||||||||||||||
Indirect | 3,543 | 3,075 | ||||||||||||||||||||||||||||||
Consumer credit card | 964 | 948 | ||||||||||||||||||||||||||||||
Other consumer | 1,177 | 1,161 | ||||||||||||||||||||||||||||||
Total consumer | 28,916 | 28,641 | ||||||||||||||||||||||||||||||
$ | 76,607 | $ | 74,609 | |||||||||||||||||||||||||||||
During the three months ended September 30, 2014 and 2013, Regions purchased approximately $296 million and $277 million, respectively, in indirect loans from a third party. During the nine months ended September 30, 2014 and 2013, the comparable loan purchase amounts were approximately $814 million and $733 million, respectively. | ||||||||||||||||||||||||||||||||
At September 30, 2014, $13.2 billion in loans held by Regions were pledged to secure borrowings from the FHLB. At September 30, 2014, an additional $29.4 billion of loans held by Regions were pledged to the Federal Reserve Bank. | ||||||||||||||||||||||||||||||||
ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||||||||||||||
Regions determines the appropriate level of the allowance on at least a quarterly basis. Refer to Note 1 “Summary of Significant Accounting Policies” to the consolidated financial statements to the Annual Report on Form 10-K for the year ended December 31, 2013, for a description of the methodology. | ||||||||||||||||||||||||||||||||
ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||||||||||||||
The following tables present analyses of the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2014 and 2013. The total allowance for loan losses and the related loan portfolio ending balances as of September 30, 2014 and 2013 are disaggregated to detail the amounts derived through individual evaluation and collective evaluation for impairment. The allowance for loan losses related to individually evaluated loans is attributable to reserves for non-accrual loans and leases greater than or equal to $2.5 million and all troubled debt restructurings ("TDRs"). The allowance for loan losses and the loan portfolio ending balances related to collectively evaluated loans is attributable to the remainder of the portfolio. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, July 1, 2014 | $ | 705 | $ | 190 | $ | 334 | $ | 1,229 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 18 | (23 | ) | 29 | 24 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (49 | ) | (5 | ) | (66 | ) | (120 | ) | ||||||||||||||||||||||||
Recoveries | 21 | 6 | 18 | 45 | ||||||||||||||||||||||||||||
Net loan losses | (28 | ) | 1 | (48 | ) | (75 | ) | |||||||||||||||||||||||||
Allowance for loan losses, September 30, 2014 | 695 | 168 | 315 | 1,178 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, July 1, 2014 | $ | 74 | $ | 12 | $ | 3 | $ | 89 | ||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | (21 | ) | (3 | ) | — | (24 | ) | |||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2014 | 53 | 9 | 3 | 65 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2014 | $ | 748 | $ | 177 | $ | 318 | $ | 1,243 | ||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, July 1, 2013 | $ | 764 | $ | 342 | $ | 530 | $ | 1,636 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 29 | (37 | ) | 26 | 18 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (54 | ) | (13 | ) | (89 | ) | (156 | ) | ||||||||||||||||||||||||
Recoveries | 17 | 8 | 17 | 42 | ||||||||||||||||||||||||||||
Net loan losses | (37 | ) | (5 | ) | (72 | ) | (114 | ) | ||||||||||||||||||||||||
Allowance for loan losses, September 30, 2013 | 756 | 300 | 484 | 1,540 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, July 1, 2013 | $ | 60 | $ | 9 | $ | 4 | $ | 73 | ||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | 3 | (1 | ) | (1 | ) | 1 | ||||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2013 | 63 | 8 | 3 | 74 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2013 | $ | 819 | $ | 308 | $ | 487 | $ | 1,614 | ||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2014 | $ | 711 | $ | 236 | $ | 394 | $ | 1,341 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 62 | (68 | ) | 67 | 61 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (130 | ) | (21 | ) | (203 | ) | (354 | ) | ||||||||||||||||||||||||
Recoveries | 52 | 21 | 57 | 130 | ||||||||||||||||||||||||||||
Net loan losses | (78 | ) | — | (146 | ) | (224 | ) | |||||||||||||||||||||||||
Allowance for loan losses, September 30, 2014 | 695 | 168 | 315 | 1,178 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, January 1, 2014 | 63 | 12 | 3 | 78 | ||||||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | (10 | ) | (3 | ) | — | (13 | ) | |||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2014 | 53 | 9 | 3 | 65 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2014 | $ | 748 | $ | 177 | $ | 318 | $ | 1,243 | ||||||||||||||||||||||||
Portion of ending allowance for loan losses: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 204 | $ | 80 | $ | 79 | $ | 363 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 491 | 88 | 236 | 815 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 695 | $ | 168 | $ | 315 | $ | 1,178 | ||||||||||||||||||||||||
Portion of loan portfolio ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 758 | $ | 466 | $ | 849 | $ | 2,073 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 40,115 | 6,352 | 28,067 | 74,534 | ||||||||||||||||||||||||||||
Total loans evaluated for impairment | $ | 40,873 | $ | 6,818 | $ | 28,916 | $ | 76,607 | ||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2013 | $ | 847 | $ | 469 | $ | 603 | $ | 1,919 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 86 | (136 | ) | 109 | 59 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (230 | ) | (59 | ) | (281 | ) | (570 | ) | ||||||||||||||||||||||||
Recoveries | 53 | 26 | 53 | 132 | ||||||||||||||||||||||||||||
Net loan losses | (177 | ) | (33 | ) | (228 | ) | (438 | ) | ||||||||||||||||||||||||
Allowance for loan losses, September 30, 2013 | 756 | 300 | 484 | 1,540 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, January 1, 2013 | 69 | 10 | 4 | 83 | ||||||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | (6 | ) | (2 | ) | (1 | ) | (9 | ) | ||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2013 | 63 | 8 | 3 | 74 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2013 | $ | 819 | $ | 308 | $ | 487 | $ | 1,614 | ||||||||||||||||||||||||
Portion of ending allowance for loan losses: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 261 | $ | 159 | $ | 162 | $ | 582 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 495 | 141 | 322 | 958 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 756 | $ | 300 | $ | 484 | $ | 1,540 | ||||||||||||||||||||||||
Portion of loan portfolio ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,184 | $ | 1,006 | $ | 1,589 | $ | 3,779 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 38,622 | 5,924 | 27,567 | 72,113 | ||||||||||||||||||||||||||||
Total loans evaluated for impairment | $ | 39,806 | $ | 6,930 | $ | 29,156 | $ | 75,892 | ||||||||||||||||||||||||
PORTFOLIO SEGMENT RISK FACTORS | ||||||||||||||||||||||||||||||||
The following describe the risk characteristics relevant to each of the portfolio segments. | ||||||||||||||||||||||||||||||||
Commercial—The commercial loan portfolio segment includes commercial and industrial loans to commercial customers for use in normal business operations to finance working capital needs, equipment purchases or other expansion projects. Commercial also includes owner-occupied commercial real estate loans to operating businesses, which are loans for long-term financing of land and buildings, and are repaid by cash flow generated by business operations. Owner-occupied construction loans are made to commercial businesses for the development of land or construction of a building where the repayment is derived from revenues generated from the business of the borrower. Collection risk in this portfolio is driven by the creditworthiness of underlying borrowers, particularly cash flow from customers’ business operations. | ||||||||||||||||||||||||||||||||
Investor Real Estate—Loans for real estate development are repaid through cash flow related to the operation, sale or refinance of the property. This portfolio segment includes extensions of credit to real estate developers or investors where repayment is dependent on the sale of real estate or income generated from the real estate collateral. A portion of Regions’ investor real estate portfolio segment consists of loans secured by residential product types (land, single-family and condominium loans) within Regions’ markets. Additionally, these loans are made to finance income-producing properties such as apartment buildings, office and industrial buildings, and retail shopping centers. Loans in this portfolio segment are particularly sensitive to valuation of real estate. | ||||||||||||||||||||||||||||||||
Consumer—The consumer loan portfolio segment includes residential first mortgage, home equity, indirect, consumer credit card, and other consumer loans. Residential first mortgage loans represent loans to consumers to finance a residence. These loans are typically financed over a 15 to 30 year term and, in most cases, are extended to borrowers to finance their primary residence. Home equity lending includes both home equity loans and lines of credit. This type of lending, which is secured by a first or second mortgage on the borrower’s residence, allows customers to borrow against the equity in their home. Real estate market values as of the time the loan or line is secured directly affect the amount of credit extended and, in addition, changes in these values impact the depth of potential losses. Indirect lending, which is lending initiated through third-party business partners, largely consists of loans made through automotive dealerships. Consumer credit card includes Regions branded consumer credit card accounts. Other consumer loans include direct consumer installment loans and overdrafts. Loans in this portfolio segment are sensitive to unemployment and other key consumer economic measures. | ||||||||||||||||||||||||||||||||
CREDIT QUALITY INDICATORS | ||||||||||||||||||||||||||||||||
The following tables present credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale, as of September 30, 2014 and December 31, 2013. Commercial and investor real estate loan portfolio segments are detailed by categories related to underlying credit quality and probability of default. Regions assigns these categories at loan origination and reviews the relationship utilizing a risk-based approach on, at minimum, an annual basis or at any time management becomes aware of information affecting the borrowers' ability to fulfill their obligations. Both quantitative and qualitative factors are considered in this review process. These categories are utilized to develop the associated allowance for credit losses. | ||||||||||||||||||||||||||||||||
• | Pass—includes obligations where the probability of default is considered low; | |||||||||||||||||||||||||||||||
• | Special Mention—includes obligations that have potential weakness which may, if not reversed or corrected, weaken the credit or inadequately protect the Company’s position at some future date. Obligations in this category may also be subject to economic or market conditions which may, in the future, have an adverse effect on debt service ability; | |||||||||||||||||||||||||||||||
• | Substandard Accrual—includes obligations that exhibit a well-defined weakness which presently jeopardizes debt repayment, even though they are currently performing. These obligations are characterized by the distinct possibility that the Company may incur a loss in the future if these weaknesses are not corrected; | |||||||||||||||||||||||||||||||
• | Non-accrual—includes obligations where management has determined that full payment of principal and interest is in doubt. | |||||||||||||||||||||||||||||||
Substandard accrual and non-accrual loans are often collectively referred to as “classified.” Special mention, substandard accrual, and non-accrual loans are often collectively referred to as “criticized and classified.” Classes in the consumer portfolio segment are disaggregated by accrual status. | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Non-accrual | Total | ||||||||||||||||||||||||||||
Accrual | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 30,449 | $ | 742 | $ | 467 | $ | 199 | $ | 31,857 | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 7,750 | 292 | 346 | 278 | 8,666 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 339 | 6 | 3 | 2 | 350 | |||||||||||||||||||||||||||
Total commercial | $ | 38,538 | $ | 1,040 | $ | 816 | $ | 479 | $ | 40,873 | ||||||||||||||||||||||
Commercial investor real estate mortgage | $ | 4,369 | $ | 229 | $ | 209 | $ | 133 | $ | 4,940 | ||||||||||||||||||||||
Commercial investor real estate construction | 1,799 | 28 | 49 | 2 | 1,878 | |||||||||||||||||||||||||||
Total investor real estate | $ | 6,168 | $ | 257 | $ | 258 | $ | 135 | $ | 6,818 | ||||||||||||||||||||||
Accrual | Non-accrual | Total | ||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Residential first mortgage | $ | 12,147 | $ | 117 | $ | 12,264 | ||||||||||||||||||||||||||
Home equity | 10,862 | 106 | 10,968 | |||||||||||||||||||||||||||||
Indirect | 3,543 | — | 3,543 | |||||||||||||||||||||||||||||
Consumer credit card | 964 | — | 964 | |||||||||||||||||||||||||||||
Other consumer | 1,177 | — | 1,177 | |||||||||||||||||||||||||||||
Total consumer | $ | 28,693 | $ | 223 | $ | 28,916 | ||||||||||||||||||||||||||
$ | 76,607 | |||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
Pass | Special | Substandard | Non-accrual | Total | ||||||||||||||||||||||||||||
Mention | Accrual | |||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 28,282 | $ | 395 | $ | 479 | $ | 257 | $ | 29,413 | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 8,593 | 191 | 408 | 303 | 9,495 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 264 | 25 | 4 | 17 | 310 | |||||||||||||||||||||||||||
Total commercial | $ | 37,139 | $ | 611 | $ | 891 | $ | 577 | $ | 39,218 | ||||||||||||||||||||||
Commercial investor real estate mortgage | $ | 4,479 | $ | 269 | $ | 332 | $ | 238 | $ | 5,318 | ||||||||||||||||||||||
Commercial investor real estate construction | 1,335 | 47 | 40 | 10 | 1,432 | |||||||||||||||||||||||||||
Total investor real estate | $ | 5,814 | $ | 316 | $ | 372 | $ | 248 | $ | 6,750 | ||||||||||||||||||||||
Accrual | Non-accrual | Total | ||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Residential first mortgage | $ | 12,017 | $ | 146 | $ | 12,163 | ||||||||||||||||||||||||||
Home equity | 11,183 | 111 | 11,294 | |||||||||||||||||||||||||||||
Indirect | 3,075 | — | 3,075 | |||||||||||||||||||||||||||||
Consumer credit card | 948 | — | 948 | |||||||||||||||||||||||||||||
Other consumer | 1,161 | — | 1,161 | |||||||||||||||||||||||||||||
Total consumer | $ | 28,384 | $ | 257 | $ | 28,641 | ||||||||||||||||||||||||||
$ | 74,609 | |||||||||||||||||||||||||||||||
AGING ANALYSIS | ||||||||||||||||||||||||||||||||
The following tables include an aging analysis of days past due (DPD) for each portfolio segment and class as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
Accrual Loans | ||||||||||||||||||||||||||||||||
30-59 DPD | 60-89 DPD | 90+ DPD | Total | Total | Non-accrual | Total | ||||||||||||||||||||||||||
30+ DPD | Accrual | |||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 16 | $ | 41 | $ | 5 | $ | 62 | $ | 31,658 | $ | 199 | $ | 31,857 | ||||||||||||||||||
Commercial real estate | 26 | 12 | 6 | 44 | 8,388 | 278 | 8,666 | |||||||||||||||||||||||||
mortgage—owner-occupied | ||||||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 2 | — | — | 2 | 348 | 2 | 350 | |||||||||||||||||||||||||
Total commercial | 44 | 53 | 11 | 108 | 40,394 | 479 | 40,873 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 16 | 22 | 5 | 43 | 4,807 | 133 | 4,940 | |||||||||||||||||||||||||
Commercial investor real estate construction | 10 | 2 | — | 12 | 1,876 | 2 | 1,878 | |||||||||||||||||||||||||
Total investor real estate | 26 | 24 | 5 | 55 | 6,683 | 135 | 6,818 | |||||||||||||||||||||||||
Residential first mortgage | 101 | 62 | 252 | 415 | 12,147 | 117 | 12,264 | |||||||||||||||||||||||||
Home equity | 73 | 42 | 66 | 181 | 10,862 | 106 | 10,968 | |||||||||||||||||||||||||
Indirect | 38 | 9 | 6 | 53 | 3,543 | — | 3,543 | |||||||||||||||||||||||||
Consumer credit card | 8 | 5 | 11 | 24 | 964 | — | 964 | |||||||||||||||||||||||||
Other consumer | 15 | 3 | 3 | 21 | 1,177 | — | 1,177 | |||||||||||||||||||||||||
Total consumer | 235 | 121 | 338 | 694 | 28,693 | 223 | 28,916 | |||||||||||||||||||||||||
$ | 305 | $ | 198 | $ | 354 | $ | 857 | $ | 75,770 | $ | 837 | $ | 76,607 | |||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
Accrual Loans | ||||||||||||||||||||||||||||||||
30-59 DPD | 60-89 DPD | 90+ DPD | Total | Total | Non-accrual | Total | ||||||||||||||||||||||||||
30+ DPD | Accrual | |||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 29 | $ | 14 | $ | 6 | $ | 49 | $ | 29,156 | $ | 257 | $ | 29,413 | ||||||||||||||||||
Commercial real estate | 30 | 26 | 6 | 62 | 9,192 | 303 | 9,495 | |||||||||||||||||||||||||
mortgage—owner-occupied | ||||||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | — | — | — | — | 293 | 17 | 310 | |||||||||||||||||||||||||
Total commercial | 59 | 40 | 12 | 111 | 38,641 | 577 | 39,218 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 29 | 6 | 6 | 41 | 5,080 | 238 | 5,318 | |||||||||||||||||||||||||
Commercial investor real estate construction | 4 | 1 | — | 5 | 1,422 | 10 | 1,432 | |||||||||||||||||||||||||
Total investor real estate | 33 | 7 | 6 | 46 | 6,502 | 248 | 6,750 | |||||||||||||||||||||||||
Residential first mortgage | 130 | 74 | 248 | 452 | 12,017 | 146 | 12,163 | |||||||||||||||||||||||||
Home equity | 95 | 51 | 75 | 221 | 11,183 | 111 | 11,294 | |||||||||||||||||||||||||
Indirect | 39 | 11 | 5 | 55 | 3,075 | — | 3,075 | |||||||||||||||||||||||||
Consumer credit card | 8 | 5 | 12 | 25 | 948 | — | 948 | |||||||||||||||||||||||||
Other consumer | 14 | 5 | 4 | 23 | 1,161 | — | 1,161 | |||||||||||||||||||||||||
Total consumer | 286 | 146 | 344 | 776 | 28,384 | 257 | 28,641 | |||||||||||||||||||||||||
$ | 378 | $ | 193 | $ | 362 | $ | 933 | $ | 73,527 | $ | 1,082 | $ | 74,609 | |||||||||||||||||||
IMPAIRED LOANS | ||||||||||||||||||||||||||||||||
The following tables present details related to the Company’s impaired loans as of September 30, 2014 and December 31, 2013. Loans deemed to be impaired include all TDRs and all non-accrual commercial and investor real estate loans (including those less than $2.5 million), excluding leases. Loans which have been fully charged-off do not appear in the tables below. | ||||||||||||||||||||||||||||||||
Non-accrual Impaired Loans As of September 30, 2014 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans on | Loans on | Allowance | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans on | Non-accrual | Non-accrual | for Loan | |||||||||||||||||||||||||||
Non-accrual | Status with | Status with | Losses | |||||||||||||||||||||||||||||
Status | No Related | Related | ||||||||||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 238 | $ | 51 | $ | 187 | $ | 18 | $ | 169 | $ | 72 | 51.7 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 310 | 32 | 278 | 42 | 236 | 87 | 38.4 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 2 | — | 2 | — | 2 | 1 | 50 | |||||||||||||||||||||||||
Total commercial | 550 | 83 | 467 | 60 | 407 | 160 | 44.2 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 177 | 44 | 133 | 13 | 120 | 36 | 45.2 | |||||||||||||||||||||||||
Commercial investor real estate construction | 10 | 8 | 2 | — | 2 | 1 | 90 | |||||||||||||||||||||||||
Total investor real estate | 187 | 52 | 135 | 13 | 122 | 37 | 47.6 | |||||||||||||||||||||||||
Residential first mortgage | 88 | 27 | 61 | — | 61 | 8 | 39.8 | |||||||||||||||||||||||||
Home equity | 24 | 7 | 17 | — | 17 | 1 | 33.3 | |||||||||||||||||||||||||
Total consumer | 112 | 34 | 78 | — | 78 | 9 | 38.4 | |||||||||||||||||||||||||
$ | 849 | $ | 169 | $ | 680 | $ | 73 | $ | 607 | $ | 206 | 44.2 | % | |||||||||||||||||||
Accruing Impaired Loans As of September 30, 2014 | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Book Value(3) | Related | Coverage %(4) | ||||||||||||||||||||||||||||
Principal | and Payments | Allowance for | ||||||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loan Losses | ||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 102 | $ | 3 | $ | 99 | $ | 21 | 23.5 | % | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 177 | 8 | 169 | 22 | 16.9 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 23 | — | 23 | 1 | 4.3 | |||||||||||||||||||||||||||
Total commercial | 302 | 11 | 291 | 44 | 18.2 | |||||||||||||||||||||||||||
Commercial investor real estate mortgage | 298 | 10 | 288 | 35 | 15.1 | |||||||||||||||||||||||||||
Commercial investor real estate construction | 43 | — | 43 | 8 | 18.6 | |||||||||||||||||||||||||||
Total investor real estate | 341 | 10 | 331 | 43 | 15.5 | |||||||||||||||||||||||||||
Residential first mortgage | 399 | 8 | 391 | 55 | 15.8 | |||||||||||||||||||||||||||
Home equity | 365 | 6 | 359 | 15 | 5.8 | |||||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | — | |||||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | — | |||||||||||||||||||||||||||
Other consumer | 18 | — | 18 | — | — | |||||||||||||||||||||||||||
Total consumer | 785 | 14 | 771 | 70 | 10.7 | |||||||||||||||||||||||||||
$ | 1,428 | $ | 35 | $ | 1,393 | $ | 157 | 13.4 | % | |||||||||||||||||||||||
Total Impaired Loans As of September 30, 2014 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans with No | Loans with | Allowance | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans | Related | Related | for Loan | |||||||||||||||||||||||||||
Allowance | Allowance | Losses | ||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 340 | $ | 54 | $ | 286 | $ | 18 | $ | 268 | $ | 93 | 43.2 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 487 | 40 | 447 | 42 | 405 | 109 | 30.6 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 25 | — | 25 | — | 25 | 2 | 8 | |||||||||||||||||||||||||
Total commercial | 852 | 94 | 758 | 60 | 698 | 204 | 35 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 475 | 54 | 421 | 13 | 408 | 71 | 26.3 | |||||||||||||||||||||||||
Commercial investor real estate construction | 53 | 8 | 45 | — | 45 | 9 | 32.1 | |||||||||||||||||||||||||
Total investor real estate | 528 | 62 | 466 | 13 | 453 | 80 | 26.9 | |||||||||||||||||||||||||
Residential first mortgage | 487 | 35 | 452 | — | 452 | 63 | 20.1 | |||||||||||||||||||||||||
Home equity | 389 | 13 | 376 | — | 376 | 16 | 7.5 | |||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | 1 | — | — | |||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | 2 | — | — | |||||||||||||||||||||||||
Other consumer | 18 | — | 18 | — | 18 | — | — | |||||||||||||||||||||||||
Total consumer | 897 | 48 | 849 | — | 849 | 79 | 14.2 | |||||||||||||||||||||||||
$ | 2,277 | $ | 204 | $ | 2,073 | $ | 73 | $ | 2,000 | $ | 363 | 24.9 | % | |||||||||||||||||||
_________ | ||||||||||||||||||||||||||||||||
-1 | Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied. | |||||||||||||||||||||||||||||||
-2 | Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance. | |||||||||||||||||||||||||||||||
-3 | Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses. | |||||||||||||||||||||||||||||||
-4 | Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance. | |||||||||||||||||||||||||||||||
Non-accrual Impaired Loans As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans on | Loans on | Allowance | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans on | Non-accrual | Non-accrual | for Loan | |||||||||||||||||||||||||||
Non-accrual | Status with | Status with | Losses | |||||||||||||||||||||||||||||
Status | No Related | Related | ||||||||||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 280 | $ | 48 | $ | 232 | $ | 45 | $ | 187 | $ | 72 | 42.9 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 343 | 40 | 303 | 54 | 249 | 92 | 38.5 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 17 | — | 17 | — | 17 | 8 | 47.1 | |||||||||||||||||||||||||
Total commercial | 640 | 88 | 552 | 99 | 453 | 172 | 40.6 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 306 | 68 | 238 | 17 | 221 | 68 | 44.4 | |||||||||||||||||||||||||
Commercial investor real estate construction | 15 | 5 | 10 | — | 10 | 3 | 53.3 | |||||||||||||||||||||||||
Total investor real estate | 321 | 73 | 248 | 17 | 231 | 71 | 44.9 | |||||||||||||||||||||||||
Residential first mortgage | 112 | 37 | 75 | — | 75 | 12 | 43.8 | |||||||||||||||||||||||||
Home equity | 17 | — | 17 | — | 17 | 1 | 5.9 | |||||||||||||||||||||||||
Total consumer | 129 | 37 | 92 | — | 92 | 13 | 38.8 | |||||||||||||||||||||||||
$ | 1,090 | $ | 198 | $ | 892 | $ | 116 | $ | 776 | $ | 256 | 41.7 | % | |||||||||||||||||||
Accruing Impaired Loans As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Book Value(3) | Related | Coverage %(4) | ||||||||||||||||||||||||||||
Principal | and Payments | Allowance for | ||||||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loan Losses | ||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 245 | $ | 2 | $ | 243 | $ | 34 | 14.7 | % | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 209 | 7 | 202 | 23 | 14.4 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 25 | — | 25 | 1 | 4 | |||||||||||||||||||||||||||
Total commercial | 479 | 9 | 470 | 58 | 14 | |||||||||||||||||||||||||||
Commercial investor real estate mortgage | 435 | 11 | 424 | 39 | 11.5 | |||||||||||||||||||||||||||
Commercial investor real estate construction | 89 | — | 89 | 8 | 9 | |||||||||||||||||||||||||||
Total investor real estate | 524 | 11 | 513 | 47 | 11.1 | |||||||||||||||||||||||||||
Residential first mortgage | 397 | 8 | 389 | 60 | 17.1 | |||||||||||||||||||||||||||
Home equity | 373 | — | 373 | 24 | 6.4 | |||||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | — | |||||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | — | |||||||||||||||||||||||||||
Other consumer | 26 | — | 26 | 1 | 3.8 | |||||||||||||||||||||||||||
Total consumer | 799 | 8 | 791 | 85 | 11.6 | |||||||||||||||||||||||||||
$ | 1,802 | $ | 28 | $ | 1,774 | $ | 190 | 12.1 | % | |||||||||||||||||||||||
Total Impaired Loans As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans with No | Loans with | Allowance for | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans | Related | Related | Loan Losses | |||||||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 525 | $ | 50 | $ | 475 | $ | 45 | $ | 430 | $ | 106 | 29.7 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 552 | 47 | 505 | 54 | 451 | 115 | 29.3 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 42 | — | 42 | — | 42 | 9 | 21.4 | |||||||||||||||||||||||||
Total commercial | 1,119 | 97 | 1,022 | 99 | 923 | 230 | 29.2 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 741 | 79 | 662 | 17 | 645 | 107 | 25.1 | |||||||||||||||||||||||||
Commercial investor real estate construction | 104 | 5 | 99 | — | 99 | 11 | 15.4 | |||||||||||||||||||||||||
Total investor real estate | 845 | 84 | 761 | 17 | 744 | 118 | 23.9 | |||||||||||||||||||||||||
Residential first mortgage | 509 | 45 | 464 | — | 464 | 72 | 23 | |||||||||||||||||||||||||
Home equity | 390 | — | 390 | — | 390 | 25 | 6.4 | |||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | 1 | — | — | |||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | 2 | — | — | |||||||||||||||||||||||||
Other consumer | 26 | — | 26 | — | 26 | 1 | 3.8 | |||||||||||||||||||||||||
Total consumer | 928 | 45 | 883 | — | 883 | 98 | 15.4 | |||||||||||||||||||||||||
$ | 2,892 | $ | 226 | $ | 2,666 | $ | 116 | $ | 2,550 | $ | 446 | 23.2 | % | |||||||||||||||||||
________ | ||||||||||||||||||||||||||||||||
-1 | Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied. | |||||||||||||||||||||||||||||||
-2 | Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance. | |||||||||||||||||||||||||||||||
-3 | Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses. | |||||||||||||||||||||||||||||||
-4 | Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance. | |||||||||||||||||||||||||||||||
The following table presents the average balances of total impaired loans and interest income for the three and nine months ended September 30, 2014 and 2013. Interest income recognized represents interest on accruing loans modified in a TDR. TDRs are considered impaired loans. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Balance | Income | Balance | Income | Balance | Income | Balance | Income | |||||||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | |||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 296 | $ | 2 | $ | 636 | $ | 4 | $ | 382 | $ | 7 | $ | 649 | $ | 10 | ||||||||||||||||
Commercial real estate mortgage—owner-occupied | 464 | 2 | 551 | 2 | 491 | 9 | 598 | 8 | ||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 30 | 1 | 40 | — | 36 | 1 | 38 | 1 | ||||||||||||||||||||||||
Total commercial | 790 | 5 | 1,227 | 6 | 909 | 17 | 1,285 | 19 | ||||||||||||||||||||||||
Commercial investor real estate mortgage | 446 | 4 | 940 | 7 | 532 | 18 | 1,071 | 24 | ||||||||||||||||||||||||
Commercial investor real estate construction | 44 | — | 108 | 1 | 68 | 2 | 121 | 5 | ||||||||||||||||||||||||
Total investor real estate | 490 | 4 | 1,048 | 8 | 600 | 20 | 1,192 | 29 | ||||||||||||||||||||||||
Residential first mortgage | 451 | 3 | 1,163 | 9 | 454 | 10 | 1,176 | 28 | ||||||||||||||||||||||||
Home equity | 379 | 5 | 401 | 5 | 383 | 15 | 411 | 16 | ||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | 1 | — | 1 | — | ||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | 2 | — | 1 | — | ||||||||||||||||||||||||
Other consumer | 19 | — | 30 | 1 | 22 | 1 | 34 | 2 | ||||||||||||||||||||||||
Total consumer | 852 | 8 | 1,597 | 15 | 862 | 26 | 1,623 | 46 | ||||||||||||||||||||||||
Total impaired loans | $ | 2,132 | $ | 17 | $ | 3,872 | $ | 29 | $ | 2,371 | $ | 63 | $ | 4,100 | $ | 94 | ||||||||||||||||
In addition to the impaired loans detailed in the tables above, there were approximately $38 million in non-performing loans classified as held for sale at September 30, 2014, compared to $82 million at December 31, 2013. The loans are carried at an amount approximating a price which is expected to be recoverable through the loan sale market. During the three months ended September 30, 2014 and 2013, approximately $36 million and $27 million, respectively, in non-performing loans were transferred to held for sale; these amounts are net of charge-offs of $11 million and $14 million, respectively, recorded upon transfer. During the nine months ended September 30, 2014 and 2013, approximately $69 million and $96 million, respectively, in non-performing loans were transferred to held for sale; these amounts are net of charge-offs of $26 million and $55 million, respectively, recorded upon transfer. At September 30, 2014 and December 31, 2013, non-accrual loans including loans held for sale totaled $875 million and $1.2 billion, respectively. | ||||||||||||||||||||||||||||||||
TROUBLED DEBT RESTRUCTURINGS | ||||||||||||||||||||||||||||||||
The majority of Regions’ commercial and investor real estate TDRs are the result of renewals of classified loans at an interest rate that is not considered to be a market rate. Consumer TDRs primarily involve an interest rate concession and not a forgiveness of principal. Accordingly, the financial impact of the modifications is best illustrated by the impact to the allowance calculation at the loan or pool level, as a result of the loans being considered impaired due to their status as TDRs. Regions most often does not record a charge-off at the modification date. | ||||||||||||||||||||||||||||||||
None of the modified consumer loans listed in the following TDR disclosures were collateral-dependent at the time of modification. At September 30, 2014, approximately $73 million in residential first mortgage TDRs were in excess of 180 days past due and were considered collateral-dependent. At September 30, 2014, approximately $8 million in home equity first lien TDRs were in excess of 180 days past due and approximately $6 million in home equity second lien TDRs were in excess of 120 days past due, both of which were considered collateral-dependent. | ||||||||||||||||||||||||||||||||
Further discussion related to TDRs, including their impact on the allowance for loan losses and designation of TDRs in periods subsequent to the modification is included in Note 1 in the consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2013. | ||||||||||||||||||||||||||||||||
The following tables present the end of period balance for loans modified in a TDR during the periods presented by portfolio segment and class, and the financial impact of those modifications. The tables include modifications made to new TDRs, as well as renewals of existing TDRs. The end of period balance, for the period in which it was added, of total loans first reported as new TDRs totaled approximately $316 million and $607 million for the nine months ended September 30, 2014 and 2013, respectively. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 67 | $ | 72 | $ | 2 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 61 | 49 | 1 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | — | — | — | |||||||||||||||||||||||||||||
Total commercial | 128 | 121 | 3 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 43 | 66 | 1 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 8 | 24 | 1 | |||||||||||||||||||||||||||||
Total investor real estate | 51 | 90 | 2 | |||||||||||||||||||||||||||||
Residential first mortgage | 144 | 26 | 4 | |||||||||||||||||||||||||||||
Home equity | 142 | 8 | — | |||||||||||||||||||||||||||||
Consumer credit card | 40 | 1 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 77 | 1 | — | |||||||||||||||||||||||||||||
Total consumer | 403 | 36 | 4 | |||||||||||||||||||||||||||||
582 | $ | 247 | $ | 9 | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 109 | $ | 135 | $ | 1 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 93 | 78 | 1 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 2 | 3 | — | |||||||||||||||||||||||||||||
Total commercial | 204 | 216 | 2 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 98 | 173 | 1 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 21 | 25 | — | |||||||||||||||||||||||||||||
Total investor real estate | 119 | 198 | 1 | |||||||||||||||||||||||||||||
Residential first mortgage | 293 | 47 | 5 | |||||||||||||||||||||||||||||
Home equity | 172 | 10 | 1 | |||||||||||||||||||||||||||||
Consumer credit card | 57 | 1 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 76 | 1 | — | |||||||||||||||||||||||||||||
Total consumer | 598 | 59 | 6 | |||||||||||||||||||||||||||||
921 | $ | 473 | $ | 9 | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 216 | $ | 236 | $ | 4 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 218 | 196 | 4 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 3 | 3 | — | |||||||||||||||||||||||||||||
Total commercial | 437 | 435 | 8 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 193 | 274 | 5 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 36 | 39 | 1 | |||||||||||||||||||||||||||||
Total investor real estate | 229 | 313 | 6 | |||||||||||||||||||||||||||||
Residential first mortgage | 408 | 71 | 11 | |||||||||||||||||||||||||||||
Home equity | 481 | 28 | — | |||||||||||||||||||||||||||||
Consumer credit card | 104 | 1 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 194 | 3 | — | |||||||||||||||||||||||||||||
Total consumer | 1,187 | 103 | 11 | |||||||||||||||||||||||||||||
1,853 | $ | 851 | $ | 25 | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 335 | $ | 445 | $ | 2 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 272 | 251 | 3 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 5 | 30 | — | |||||||||||||||||||||||||||||
Total commercial | 612 | 726 | 5 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 321 | 569 | 3 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 64 | 77 | — | |||||||||||||||||||||||||||||
Total investor real estate | 385 | 646 | 3 | |||||||||||||||||||||||||||||
Residential first mortgage | 965 | 169 | 19 | |||||||||||||||||||||||||||||
Home equity | 451 | 29 | 3 | |||||||||||||||||||||||||||||
Consumer credit card | 202 | 3 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 234 | 3 | — | |||||||||||||||||||||||||||||
Total consumer | 1,852 | 204 | 22 | |||||||||||||||||||||||||||||
2,849 | $ | 1,576 | $ | 30 | ||||||||||||||||||||||||||||
Defaulted TDRs | ||||||||||||||||||||||||||||||||
The following table presents TDRs by portfolio segment and class which defaulted during the three and nine months ended September 30, 2014 and 2013, and which were modified in the previous twelve months (i.e., the twelve months prior to the default). For purposes of this disclosure, default is defined as 90 days past due and still accruing for the consumer portfolio segment, and placement on non-accrual status for the commercial and investor real estate portfolio segments. Consideration of defaults in the calculation of the allowance for loan losses is described in detail in the consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2013. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Defaulted During the Period, Where Modified in a TDR Twelve Months Prior to Default | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2 | $ | 1 | $ | 48 | $ | 29 | ||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 10 | 5 | 17 | 28 | ||||||||||||||||||||||||||||
Total commercial | 12 | 6 | 65 | 57 | ||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 1 | 5 | 5 | 60 | ||||||||||||||||||||||||||||
Commercial investor real estate construction | — | 19 | 1 | 24 | ||||||||||||||||||||||||||||
Total investor real estate | 1 | 24 | 6 | 84 | ||||||||||||||||||||||||||||
Residential first mortgage | 2 | 11 | 14 | 40 | ||||||||||||||||||||||||||||
Home equity | — | 1 | 2 | 4 | ||||||||||||||||||||||||||||
Total consumer | 2 | 12 | 16 | 44 | ||||||||||||||||||||||||||||
$ | 15 | $ | 42 | $ | 87 | $ | 185 | |||||||||||||||||||||||||
Commercial and investor real estate loans that were on non-accrual status at the time of the latest modification are not included in the default table above, as they are already considered to be in default at the time of the restructuring. At September 30, 2014, approximately $73 million of commercial and investor real estate loans modified in a TDR during the three months ended September 30, 2014 were on non-accrual status. Approximately 13.1 percent of this amount was 90 days past due. | ||||||||||||||||||||||||||||||||
At September 30, 2014, Regions had restructured binding unfunded commitments totaling $151 million where a concession was granted and the borrower was in financial difficulty. |
Servicing_of_Financial_Assets
Servicing of Financial Assets | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Transfers and Servicing of Financial Assets [Abstract] | ' | |||||||||||||||
Loan Servicing | ' | |||||||||||||||
SERVICING OF FINANCIAL ASSETS | ||||||||||||||||
RESIDENTIAL MORTGAGE BANKING ACTIVITIES | ||||||||||||||||
The fair value of residential mortgage servicing rights is calculated using various assumptions including future cash flows, market discount rates, expected prepayment rates, servicing costs and other factors. A significant change in prepayments of mortgages in the servicing portfolio could result in significant changes in the valuation adjustments, thus creating potential volatility in the carrying amount of residential mortgage servicing rights. The Company compares fair value estimates and assumptions to observable market data where available, and also considers recent market activity and actual portfolio experience. | ||||||||||||||||
The table below presents an analysis of residential mortgage servicing rights under the fair value measurement method: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions) | ||||||||||||||||
Carrying value, beginning of period | $ | 276 | $ | 276 | $ | 297 | $ | 191 | ||||||||
Additions | 9 | 13 | 24 | 73 | ||||||||||||
Increase (decrease) in fair value: | ||||||||||||||||
Due to change in valuation inputs or assumptions | (3 | ) | — | (28 | ) | 45 | ||||||||||
Economic amortization associated with borrower repayments | (5 | ) | (8 | ) | (16 | ) | (28 | ) | ||||||||
Carrying value, end of period | $ | 277 | $ | 281 | $ | 277 | $ | 281 | ||||||||
On March 29, 2013, the Company completed a transaction to purchase the rights to service approximately $3 billion in residential mortgage loans. The residential mortgage servicing rights asset was increased by the purchase price of approximately $28 million in the first quarter of 2013. | ||||||||||||||||
Data and assumptions used in the fair value calculation, as well as the valuation’s sensitivity to rate fluctuations, related to residential mortgage servicing rights (excluding related derivative instruments) are as follows: | ||||||||||||||||
30-Sep | ||||||||||||||||
2014 | 2013 | |||||||||||||||
(Dollars in millions) | ||||||||||||||||
Unpaid principal balance | $ | 26,943 | $ | 28,234 | ||||||||||||
Weighted-average prepayment speed (CPR; percentage) | 10.9 | % | 9.4 | % | ||||||||||||
Estimated impact on fair value of a 10% increase | $ | (15 | ) | $ | (12 | ) | ||||||||||
Estimated impact on fair value of a 20% increase | $ | (28 | ) | $ | (24 | ) | ||||||||||
Option-adjusted spread (basis points) | 789 | 1,014 | ||||||||||||||
Estimated impact on fair value of a 10% increase | $ | (8 | ) | $ | (10 | ) | ||||||||||
Estimated impact on fair value of a 20% increase | $ | (17 | ) | $ | (20 | ) | ||||||||||
Weighted-average coupon interest rate | 4.5 | % | 4.5 | % | ||||||||||||
Weighted-average remaining maturity (months) | 279 | 279 | ||||||||||||||
Weighted-average servicing fee (basis points) | 27.8 | 27.7 | ||||||||||||||
The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. Changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, the effect of an adverse variation in a particular assumption on the fair value of the residential mortgage servicing rights is calculated without changing any other assumption, while in reality changes in one factor may result in changes in another, which may either magnify or counteract the effect of the change. The derivative instruments utilized by Regions would serve to reduce the estimated impacts to fair value included in the table above. | ||||||||||||||||
The following table presents servicing related fees, which includes contractually specified servicing fees, late fees and other ancillary income resulting from the servicing of residential mortgage loans: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions) | ||||||||||||||||
Servicing related fees and other ancillary income | $ | 21 | $ | 22 | $ | 64 | $ | 64 | ||||||||
Loans are sold in the secondary market with standard representations and warranties regarding certain characteristics such as the quality of the loan, the absence of fraud, the eligibility of the loan for sale and the future servicing associated with the loan. Regions may be required to repurchase these loans at par, or make-whole or indemnify the purchasers for losses incurred when representations and warranties are breached. | ||||||||||||||||
Regions maintains a repurchase liability related to mortgage loans sold with representations and warranty provisions. This repurchase liability is reported in other liabilities on the consolidated balance sheets and reflects management’s estimate of losses based on historical repurchase and loss trends, as well as other factors that may result in anticipated losses different from historical loss trends. Adjustments to this reserve are recorded in other non-interest expense on the consolidated statements of income. The table below presents an analysis of Regions’ repurchase liability related to mortgage loans sold with representations and warranty provisions: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions) | ||||||||||||||||
Beginning balance | $ | 34 | $ | 40 | $ | 39 | $ | 40 | ||||||||
Additions (reductions), net | (5 | ) | 8 | (3 | ) | 23 | ||||||||||
Losses | (1 | ) | (8 | ) | (8 | ) | (23 | ) | ||||||||
Ending balance | $ | 28 | $ | 40 | $ | 28 | $ | 40 | ||||||||
For the periods presented, settled repurchase claims were related to one or more of the following alleged breaches: 1) eligibility or guideline violations; 2) missing or incorrect documents per investor guidelines; or 3) misrepresentation or fraud by the borrower. These claims stem primarily from loans originated in the 2006—2008 time period. | ||||||||||||||||
COMMERCIAL MORTGAGE BANKING ACTIVITIES | ||||||||||||||||
On July 18, 2014, Regions was approved as a Fannie Mae Delegated Underwriting and Servicing ("DUS") lender and acquired a DUS servicing portfolio totaling approximately $1.0 billion. The Fannie Mae DUS program provides liquidity to the multi-family housing market. As part of the transaction, Regions recorded $12 million in commercial mortgage servicing rights and $15 million in intangible assets associated with the DUS license purchased. | ||||||||||||||||
As of September 30, 2014, the DUS servicing portfolio remained at approximately $1.0 billion, and the related commercial MSRs and DUS license intangible asset were approximately $12 million and $15 million, respectively. | ||||||||||||||||
Commercial MSRs are recorded in other assets on the Consolidated Balance Sheets at the lower of cost or market and are amortized in proportion to, and over the estimated period, that net servicing income is expected to be received based on projections of the amount and timing of estimated future net cash flows. The amount and timing of estimated future net cash flows are updated based on actual results and updated projections. Regions will periodically evaluate its commercial MSRs for impairment. | ||||||||||||||||
The intangible asset associated with the DUS license purchased is recorded in other identifiable intangible assets on the Consolidated Balance Sheets, and is a non-amortizing intangible asset. This investment will be evaluated for impairment annually or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. |
Goodwill
Goodwill | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Text Block [Abstract] | ' | |||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | |||||||
GOODWILL | ||||||||
Goodwill allocated to each reportable segment is presented as follows: | ||||||||
30-Sep-14 | December 31, 2013 | |||||||
(In millions) | ||||||||
Business Services | $ | 2,552 | $ | 2,552 | ||||
Consumer Services | 1,797 | 1,797 | ||||||
Wealth Management | 467 | 467 | ||||||
$ | 4,816 | $ | 4,816 | |||||
Regions evaluates each reporting unit’s goodwill for impairment on an annual basis in the fourth quarter, or more often if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. A detailed description of the Company's methodology and valuation approaches used to determine the estimated fair value of each reporting unit is included in the consolidated financial statements in the Annual Report on Form 10-K for the year ended December 31, 2013. Adverse changes in the economic environment, declining operations, or other factors could result in a decline in the implied fair value of goodwill. | ||||||||
During the third quarter of 2014, Regions assessed events and circumstances for all three reporting units as of September 30, 2014 and through the date of the filing of this Quarterly Report on Form 10-Q that could potentially indicate goodwill impairment. The indicators assessed included: | ||||||||
• | Recent operating performance, | |||||||
• | Changes in market capitalization, | |||||||
• | Regulatory actions and assessments, | |||||||
• | Changes in the business climate (including legislation, legal factors, and competition), | |||||||
• | Company-specific factors (including changes in key personnel, asset impairments, and business dispositions), and | |||||||
• | Trends in the banking industry. | |||||||
Results of the 2013 annual test indicated that the estimated fair value of each reporting unit exceeded its carrying amount as of the test date. Additionally, after assessing the indicators noted above, Regions determined that it was not more likely than not that the fair value of each of its reporting units had declined below their carrying values as of September 30, 2014. Therefore, Regions determined that a test of goodwill impairment was not required for each of Regions’ reporting units for the September 30, 2014 interim period. |
Stockholders_Equity_and_Accumu
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Text Block [Abstract] | ' | |||||||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | |||||||||||||||||||
STOCKHOLDERS’ EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||
PREFERRED STOCK | ||||||||||||||||||||
The following table presents a summary of the non-cumulative perpetual preferred stock as of September 30, 2014: | ||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||
Issuance Date | Earliest Redemption Date | Liquidation Amount | Carrying Amount | Dividend Rate | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||
Series A | 11/1/12 | 12/15/17 | $ | 500 | $ | 427 | 6.375 | % | ||||||||||||
Series B | 4/29/14 | 9/15/24 | 500 | 473 | 6.375 | % | (1) | |||||||||||||
$ | 1,000 | $ | 900 | |||||||||||||||||
_________ | ||||||||||||||||||||
(1) Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2024, 6.375%, and (ii) for each period beginning on or after September 15, 2024, three-month LIBOR plus 3.536%. | ||||||||||||||||||||
For each preferred stock issuance listed above, Regions issued depositary shares, each representing a 1/40th ownership interest in a share of the Company's preferred stock, with a liquidation preference of $1,000.00 per share of preferred stock (equivalent to $25.00 per depositary share). Dividends on the preferred stock, if declared, accrue and are payable quarterly in arrears. The preferred stock has no stated maturity and redemption is solely at Regions' option, subject to regulatory approval, in whole, or in part, after the earliest redemption date or in whole, but not in part, within 90 days following a regulatory capital treatment event for the Series A preferred stock or at any time following a regulatory capital treatment event for the Series B preferred stock. | ||||||||||||||||||||
The Board of Directors declared $8 million in cash dividends on Series A Preferred Stock during each of the first, second, and third quarters of both 2014 and 2013. There were no cash dividends on Series B Preferred Stock during the second quarter of 2014 because the initial quarterly dividend was declared on July 17, 2014. Series B Preferred Stock dividends were $12 million for the third quarter of 2014. Because the Company was in a retained deficit position, preferred dividends were recorded as a reduction of preferred stock, including related surplus. | ||||||||||||||||||||
COMMON STOCK | ||||||||||||||||||||
On March 19, 2013, Regions' Board of Directors authorized a $350 million common stock repurchase plan, permitting repurchases from the beginning of the second quarter of 2013 through the end of the first quarter of 2014. During the first quarter of 2014, Regions repurchased approximately 1 million shares of common stock under this plan at a total cost of approximately $8 million. As of March 31, 2014, Regions had repurchased approximately 37 million shares of common stock at a total cost of approximately $347 million. The total cost paid to repurchase common shares under this plan includes the full amount paid as part of a contractual repurchase agreement. All common shares repurchased under this plan were immediately retired and therefore are not included in treasury stock. On April 1, 2014, the remaining approximately $3 million available under this plan expired. | ||||||||||||||||||||
During the first quarter of 2014, Regions received no objection to its 2014 capital plan from the Federal Reserve that was submitted as part of the Comprehensive Capital Analysis and Review ("CCAR") process. On April 24, 2014, Regions' Board of Directors approved an increase of its quarterly common stock dividend to $0.05 per share effective with the quarterly dividend to be paid in July 2014. The Board also authorized a new $350 million common stock repurchase plan, permitting repurchases from the beginning of the second quarter of 2014 through the end of the first quarter of 2015. There were no shares repurchased under this plan as of September 30, 2014. However, the Company began purchasing shares in October 2014, and as of November 4, 2014, Regions had repurchased approximately 11.6 million shares of common stock at a total cost of approximately $114.7 million. These shares were immediately retired upon repurchase and therefore will not be included in treasury stock. | ||||||||||||||||||||
The Board of Directors declared a $0.05 per share cash dividend on common stock for the second and third quarters of 2014, and a $0.03 per share cash dividend for the first quarter of 2014, totaling $0.13 per share cash dividend for the first nine months of 2014. The Board of Directors declared a $0.03 per share cash dividend on common stock for the second and third quarters of 2013 and a $0.01 per share cash dividend for the first quarter of 2013, totaling $0.07 per share cash dividend for the first nine months of 2013. | ||||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||
Activity within the balances in accumulated other comprehensive income (loss) is shown in the following tables: | ||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized | Defined benefit | Accumulated | ||||||||||||||||
gains (losses) on | pension plans and other post | other | ||||||||||||||||||
derivative | employment | comprehensive | ||||||||||||||||||
instruments | benefits | income (loss), | ||||||||||||||||||
designated as cash flow hedges | net of tax | |||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | (60 | ) | $ | 203 | $ | 44 | $ | (239 | ) | $ | (52 | ) | |||||||
Net change | 2 | (92 | ) | (37 | ) | 5 | (122 | ) | ||||||||||||
End of period | $ | (58 | ) | $ | 111 | $ | 7 | $ | (234 | ) | $ | (174 | ) | |||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized gains (losses) on derivative instruments designated as cash flow hedges | Defined benefit pension plans and other post employment benefits | Accumulated other comprehensive | ||||||||||||||||
income (loss), net of tax | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | (68 | ) | $ | — | $ | 35 | $ | (445 | ) | $ | (478 | ) | |||||||
Net change | 2 | 41 | 12 | 12 | 67 | |||||||||||||||
End of period | $ | (66 | ) | $ | 41 | $ | 47 | $ | (433 | ) | $ | (411 | ) | |||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized gains (losses) on derivative instruments designated as cash flow hedges | Defined benefit pension plans and other post employment benefits | Accumulated other comprehensive | ||||||||||||||||
income (loss), net of tax | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | (64 | ) | $ | (22 | ) | $ | 15 | $ | (248 | ) | $ | (319 | ) | ||||||
Net change | 6 | 133 | (8 | ) | 14 | 145 | ||||||||||||||
End of period | $ | (58 | ) | $ | 111 | $ | 7 | $ | (234 | ) | $ | (174 | ) | |||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized gains (losses) on derivative instruments designated as cash flow hedges | Defined benefit pension plans and other post employment benefits | Accumulated other comprehensive | ||||||||||||||||
income (loss), net of tax | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | — | $ | 436 | $ | 93 | $ | (464 | ) | $ | 65 | |||||||||
Net change | (66 | ) | (395 | ) | (46 | ) | 31 | (476 | ) | |||||||||||
End of period | $ | (66 | ) | $ | 41 | $ | 47 | $ | (433 | ) | $ | (411 | ) | |||||||
The following tables present amounts reclassified out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||||||
Three Months Ended September 30, 2014 | Three Months Ended September 30, 2013 | |||||||||||||||||||
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Affected Line Item in the Consolidated Statements of Income | |||||||||||||||||
(In millions) | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity: | ||||||||||||||||||||
$ | (3 | ) | $ | (4 | ) | Net interest income | ||||||||||||||
1 | 2 | Tax (expense) or benefit | ||||||||||||||||||
$ | (2 | ) | $ | (2 | ) | Net of tax | ||||||||||||||
Unrealized gains and (losses) on available-for-sale securities: | ||||||||||||||||||||
$ | 7 | $ | 3 | Securities gains, net | ||||||||||||||||
(2 | ) | (1 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 5 | $ | 2 | Net of tax | ||||||||||||||||
Gains and (losses) on cash flow hedges: | ||||||||||||||||||||
Interest rate contracts | $ | 34 | $ | 26 | Net interest income | |||||||||||||||
(13 | ) | (10 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 21 | $ | 16 | Net of tax | ||||||||||||||||
Amortization of defined benefit pension items: | ||||||||||||||||||||
Prior-service cost | $ | — | $ | — | (2) | |||||||||||||||
Actuarial gains/(losses) | (7 | ) | (19 | ) | (2) | |||||||||||||||
(7 | ) | (19 | ) | Total before tax | ||||||||||||||||
2 | 7 | Tax (expense) or benefit | ||||||||||||||||||
$ | (5 | ) | $ | (12 | ) | Net of tax | ||||||||||||||
Total reclassifications for the period | $ | 19 | $ | 4 | Net of tax | |||||||||||||||
Nine Months Ended September 30, 2014 | Nine Months Ended September 30, 2013 | |||||||||||||||||||
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Affected Line Item in the Consolidated Statements of Income | |||||||||||||||||
(In millions) | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity: | ||||||||||||||||||||
$ | (10 | ) | $ | (4 | ) | Net interest income | ||||||||||||||
4 | 2 | Tax (expense) or benefit | ||||||||||||||||||
$ | (6 | ) | $ | (2 | ) | Net of tax | ||||||||||||||
Unrealized gains and (losses) on available-for-sale securities: | ||||||||||||||||||||
$ | 15 | $ | 26 | Securities gains, net | ||||||||||||||||
(5 | ) | (9 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 10 | $ | 17 | Net of tax | ||||||||||||||||
Gains and (losses) on cash flow hedges: | ||||||||||||||||||||
Interest rate contracts | $ | 91 | $ | 58 | Net interest income | |||||||||||||||
(35 | ) | (22 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 56 | $ | 36 | Net of tax | ||||||||||||||||
Amortization of defined benefit pension items: | ||||||||||||||||||||
Prior-service cost | $ | (1 | ) | $ | — | (2) | ||||||||||||||
Actuarial gains/(losses) | (18 | ) | (52 | ) | (2) | |||||||||||||||
(19 | ) | (52 | ) | Total before tax | ||||||||||||||||
6 | 19 | Tax (expense) or benefit | ||||||||||||||||||
$ | (13 | ) | $ | (33 | ) | Net of tax | ||||||||||||||
Total reclassifications for the period | $ | 47 | $ | 18 | Net of tax | |||||||||||||||
_________ | ||||||||||||||||||||
(1) Amounts in parentheses indicate reductions to net income. | ||||||||||||||||||||
(2) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost and are included in salaries and employee benefits on the consolidated statements of income (see Note 10 for additional details). |
Earnings_Per_Common_Share_Comp
Earnings Per Common Share (Computation Of Basic And Diluted Earnings Per Common Share) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Earnings Per Share [Text Block] | ' | |||||||||||||||
EARNINGS PER COMMON SHARE | ||||||||||||||||
The following table sets forth the computation of basic earnings per common share and diluted earnings per common share: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions, except per share amounts) | ||||||||||||||||
Numerator: | ||||||||||||||||
Income from continuing operations | $ | 322 | $ | 293 | $ | 928 | $ | 894 | ||||||||
Preferred stock dividends | (20 | ) | (8 | ) | (36 | ) | (24 | ) | ||||||||
Income from continuing operations available to common shareholders | 302 | 285 | 892 | 870 | ||||||||||||
Income (loss) from discontinued operations, net of tax | 3 | — | 16 | 1 | ||||||||||||
Net income available to common shareholders | $ | 305 | $ | 285 | $ | 908 | $ | 871 | ||||||||
Denominator: | ||||||||||||||||
Weighted-average common shares outstanding—basic | 1,378 | 1,388 | 1,378 | 1,401 | ||||||||||||
Potential common shares | 11 | 17 | 12 | 14 | ||||||||||||
Weighted-average common shares outstanding—diluted | 1,389 | 1,405 | 1,390 | 1,415 | ||||||||||||
Earnings per common share from continuing operations available to common shareholders(1): | ||||||||||||||||
Basic | $ | 0.22 | $ | 0.21 | $ | 0.65 | $ | 0.62 | ||||||||
Diluted | 0.22 | 0.2 | 0.64 | 0.61 | ||||||||||||
Earnings (loss) per common share from discontinued operations(1): | ||||||||||||||||
Basic | 0 | (0.00 | ) | 0.01 | 0 | |||||||||||
Diluted | 0 | (0.00 | ) | 0.01 | 0 | |||||||||||
Earnings per common share(1): | ||||||||||||||||
Basic | 0.22 | 0.21 | 0.66 | 0.62 | ||||||||||||
Diluted | 0.22 | 0.2 | 0.65 | 0.62 | ||||||||||||
________ | ||||||||||||||||
-1 | Certain per share amounts may not appear to reconcile due to rounding. | |||||||||||||||
For earnings (loss) per common share from discontinued operations, basic and diluted weighted-average common shares outstanding are the same for the three months ended September 30, 2014 due to a net loss. | ||||||||||||||||
The effect from the assumed exercise of 23 million and 24 million stock options for the three and nine months ended September 30, 2014, respectively, was not included in the above computations of diluted earnings per common share because such amounts would have had an antidilutive effect on earnings per common share. The effect from the assumed exercise of 24 million and 25 million stock options for the three and nine months ended September 30, 2013, respectively, was not included in the above computations of diluted earnings per common share because such amounts would have had an antidilutive effect on earnings per common share. |
ShareBased_Payments
Share-Based Payments | 9 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Text Block [Abstract] | ' | |||||||||||||
Share-Based Payments | ' | |||||||||||||
SHARE-BASED PAYMENTS | ||||||||||||||
Regions administers long-term incentive compensation plans that permit the granting of incentive awards in the form of stock options, restricted stock awards, performance awards and stock appreciation rights. While Regions has the ability to issue stock appreciation rights, none have been issued to date. The terms of all awards issued under these plans are determined by the Compensation Committee of the Board of Directors; however, no awards may be granted after the tenth anniversary from the date the plans were initially approved by shareholders. Incentive awards usually vest based on employee service, generally within three years from the date of the grant. The contractual lives of options granted under these plans are typically ten years from the date of the grant. | ||||||||||||||
On May 13, 2010, the shareholders of the Company approved the Regions Financial Corporation 2010 Long-Term Incentive Plan (“2010 LTIP”), which permits the Company to grant to employees and directors various forms of incentive compensation. These forms of incentive compensation are similar to the types of compensation approved in prior plans. The 2010 LTIP authorizes 100 million common share equivalents available for grant, where grants of options count as one share equivalent and grants of full value awards (e.g., shares of restricted stock, restricted stock units and performance stock units) count as 2.25 share equivalents. Unless otherwise determined by the Compensation Committee of the Board of Directors, grants of restricted stock, restricted stock units, and performance stock units accrue dividends, or their notional equivalent, as they are declared by the Board of Directors, and are paid upon vesting of the award. Upon adoption of the 2010 LTIP, Regions closed all prior long-term incentive plans to new grants, and, accordingly, prospective grants must be made under the 2010 LTIP or a successor plan. All existing grants under prior long-term incentive plans were unaffected by adoption of the 2010 LTIP. The number of remaining share equivalents available for future issuance under the 2010 LTIP was approximately 42 million at September 30, 2014. | ||||||||||||||
STOCK OPTIONS | ||||||||||||||
The following table summarizes the activity related to stock options: | ||||||||||||||
Nine Months Ended September 30 | ||||||||||||||
2014 | 2013 | |||||||||||||
Number of | Weighted-Average | Number of | Weighted-Average | |||||||||||
Options | Exercise Price | Options | Exercise Price | |||||||||||
Outstanding at beginning of period | 32,127,235 | $ | 22.81 | 38,258,204 | $ | 23.09 | ||||||||
Granted | — | — | — | — | ||||||||||
Exercised | (2,166,521 | ) | 4.52 | (810,936 | ) | 5.22 | ||||||||
Canceled/Forfeited | (4,486,405 | ) | 30.44 | (3,699,256 | ) | 25.91 | ||||||||
Outstanding at end of period | 25,474,309 | $ | 23.02 | 33,748,012 | $ | 23.21 | ||||||||
Exercisable at end of period | 25,474,309 | $ | 23.02 | 33,277,791 | $ | 23.45 | ||||||||
RESTRICTED STOCK AWARDS AND PERFORMANCE STOCK AWARDS | ||||||||||||||
During the first nine months of 2014 and 2013, Regions made restricted stock grants that vest upon service conditions and restricted stock unit and performance stock unit grants that vest based upon service conditions and performance conditions. Dividend payments during the vesting period are deferred to the end of the vesting term. The fair value of these restricted shares, restricted stock units and performance stock units was estimated based upon the fair value of the underlying shares on the date of the grant. The valuation was not adjusted for the deferral of dividends. | ||||||||||||||
The following table summarizes the activity related to restricted stock awards and performance stock awards: | ||||||||||||||
Nine Months Ended September 30 | ||||||||||||||
2014 | 2013 | |||||||||||||
Number of | Weighted-Average | Number of | Weighted-Average | |||||||||||
Shares | Grant Date Fair Value | Shares | Grant Date Fair Value | |||||||||||
Non-vested at beginning of period | 16,212,198 | $ | 6.83 | 11,945,179 | $ | 6.15 | ||||||||
Granted | 5,368,113 | 11.22 | 6,327,865 | 8.04 | ||||||||||
Vested | (2,623,699 | ) | 6.82 | (1,481,659 | ) | 6.75 | ||||||||
Forfeited | (459,102 | ) | 8.06 | (375,850 | ) | 6.38 | ||||||||
Non-vested at end of period | 18,497,510 | $ | 8.07 | 16,415,535 | $ | 6.82 | ||||||||
Pension_and_Other_Postretireme
Pension and Other Postretirement Benefits | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ||||||||||||||||||||||||
Pension and Other Postretirement Benefits | ' | ||||||||||||||||||||||||
PENSION AND OTHER POSTRETIREMENT BENEFITS | |||||||||||||||||||||||||
Regions has a defined benefit pension plan qualified under the Internal Revenue Code covering only certain employees as the pension plan is closed to new entrants. The Company also sponsors a supplemental executive retirement program (the "SERP"), which is a non-qualified pension plan that provides certain senior executive officers defined benefits in relation to their compensation. | |||||||||||||||||||||||||
Net periodic pension cost, which is recorded in salaries and employee benefits on the consolidated statements of income, included the following components: | |||||||||||||||||||||||||
Qualified Plan | Non-qualified Plans | Total | |||||||||||||||||||||||
Three Months Ended September 30 | |||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||
Service cost | $ | 9 | $ | 9 | $ | 1 | $ | 1 | $ | 10 | $ | 10 | |||||||||||||
Interest cost | 21 | 21 | 2 | 2 | 23 | 23 | |||||||||||||||||||
Expected return on plan assets | (34 | ) | (33 | ) | — | — | (34 | ) | (33 | ) | |||||||||||||||
Amortization of actuarial loss | 6 | 18 | 1 | 1 | 7 | 19 | |||||||||||||||||||
Amortization of prior service cost | — | — | — | — | — | — | |||||||||||||||||||
Net periodic pension cost | $ | 2 | $ | 15 | $ | 4 | $ | 4 | $ | 6 | $ | 19 | |||||||||||||
Qualified Plan | Non-qualified Plans | Total | |||||||||||||||||||||||
Nine Months Ended September 30 | |||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||
Service cost | $ | 25 | $ | 28 | $ | 3 | $ | 3 | $ | 28 | $ | 31 | |||||||||||||
Interest cost | 65 | 63 | 5 | 4 | 70 | 67 | |||||||||||||||||||
Expected return on plan assets | (103 | ) | (99 | ) | — | — | (103 | ) | (99 | ) | |||||||||||||||
Amortization of actuarial loss | 16 | 50 | 2 | 2 | 18 | 52 | |||||||||||||||||||
Amortization of prior service cost | — | — | 1 | — | 1 | — | |||||||||||||||||||
Settlement charge | — | — | 3 | — | 3 | — | |||||||||||||||||||
Net periodic pension cost | $ | 3 | $ | 42 | $ | 14 | $ | 9 | $ | 17 | $ | 51 | |||||||||||||
The settlement charge relates to the settlement of liabilities under the SERP for certain executive officers during the second quarter of 2014. | |||||||||||||||||||||||||
Regions' policy for funding the qualified pension plan is to contribute annually at least the amount required by Internal Revenue Service minimum funding standards. During the third quarter of 2014, Regions made a contribution of approximately $3 million to the plan. | |||||||||||||||||||||||||
Regions also provides other postretirement benefits such as defined benefit health care plans and life insurance plans that cover certain retired employees. There was no material impact from other postretirement benefits on the consolidated financial statements for the nine months ended September 30, 2014 or 2013. |
Derivative_Financial_Instrumen
Derivative Financial Instruments and Hedging Activities | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES | ||||||||||||||||||||||||
The following tables present the notional amount and estimated fair value of derivative instruments on a gross basis as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | |||||||||||||||||||||||
Notional | Estimated Fair Value | Notional | Estimated Fair Value | |||||||||||||||||||||
Amount | Gain(1) | Loss(1) | Amount | Gain(1) | Loss(1) | |||||||||||||||||||
(In millions) | ||||||||||||||||||||||||
Derivatives in fair value hedging relationships: | ||||||||||||||||||||||||
Interest rate swaps | $ | 3,388 | $ | 15 | $ | 29 | $ | 4,241 | $ | 70 | $ | 29 | ||||||||||||
Derivatives in cash flow hedging relationships: | ||||||||||||||||||||||||
Interest rate swaps | 7,550 | 10 | 59 | 5,800 | 5 | 80 | ||||||||||||||||||
Total derivatives designated as hedging instruments | $ | 10,938 | $ | 25 | $ | 88 | $ | 10,041 | $ | 75 | $ | 109 | ||||||||||||
Derivatives not designated as hedging instruments: | ||||||||||||||||||||||||
Interest rate swaps | $ | 46,606 | $ | 858 | $ | 914 | $ | 46,591 | $ | 1,078 | $ | 1,142 | ||||||||||||
Interest rate options | 3,085 | 12 | 2 | 2,865 | 9 | 4 | ||||||||||||||||||
Interest rate futures and forward commitments | 18,101 | 1 | 3 | 13,357 | 9 | 2 | ||||||||||||||||||
Other contracts | 2,678 | 51 | 43 | 2,535 | 48 | 44 | ||||||||||||||||||
Total derivatives not designated as hedging instruments | $ | 70,470 | $ | 922 | $ | 962 | $ | 65,348 | $ | 1,144 | $ | 1,192 | ||||||||||||
Total derivatives | $ | 81,408 | $ | 947 | $ | 1,050 | $ | 75,389 | $ | 1,219 | $ | 1,301 | ||||||||||||
_________ | ||||||||||||||||||||||||
-1 | Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. | |||||||||||||||||||||||
HEDGING DERIVATIVES | ||||||||||||||||||||||||
Derivatives entered into to manage interest rate risk and facilitate asset/liability management strategies are designated as hedging derivatives. Derivative financial instruments that qualify in a hedging relationship are classified, based on the exposure being hedged, as either fair value hedges or cash flow hedges. See Note 1 "Summary of Significant Accounting Policies" of the Annual Report on Form 10-K for the year ended December 31, 2013 for additional information regarding accounting policies for derivatives. | ||||||||||||||||||||||||
FAIR VALUE HEDGES | ||||||||||||||||||||||||
Fair value hedge relationships mitigate exposure to the change in fair value of an asset, liability or firm commitment. | ||||||||||||||||||||||||
Regions enters into interest rate swap agreements to manage interest rate exposure on the Company’s fixed-rate borrowings, which includes long-term debt and certificates of deposit. These agreements involve the receipt of fixed-rate amounts in exchange for floating-rate interest payments over the life of the agreements. Regions enters into interest rate swap agreements to manage interest rate exposure on certain of the Company's fixed-rate available for sale securities. These agreements involve the payment of fixed-rate amounts in exchange for floating-rate interest receipts. Regions also enters into forward sale commitments to hedge changes in the fair value of available-for-sale securities. | ||||||||||||||||||||||||
CASH FLOW HEDGES | ||||||||||||||||||||||||
Cash flow hedge relationships mitigate exposure to the variability of future cash flows or other forecasted transactions. | ||||||||||||||||||||||||
Regions enters into interest rate swap agreements to manage overall cash flow changes related to interest rate risk exposure on LIBOR-based loans. The agreements effectively modify the Company’s exposure to interest rate risk by utilizing receive fixed/pay LIBOR interest rate swaps. | ||||||||||||||||||||||||
Regions issues long-term fixed-rate debt for various funding needs. Regions may enter into receive LIBOR/pay fixed forward starting swaps to hedge risks of changes in the projected quarterly interest payments attributable to changes in the benchmark interest rate ("LIBOR") during the time leading up to the probable issuance date of the new long-term fixed-rate debt. | ||||||||||||||||||||||||
Regions recognized an unrealized after-tax gain of $40 million and $70 million in accumulated other comprehensive income (loss) at September 30, 2014 and 2013, respectively, related to terminated cash flow hedges of loan and debt instruments which will be amortized into earnings in conjunction with the recognition of interest payments through 2017. Regions recognized pre-tax income of $14 million and $12 million during the three months ended September 30, 2014 and 2013, respectively, and pre-tax income of $37 million and $35 million during the nine months ended September 30, 2014 and 2013, respectively, related to the amortization of cash flow hedges of loan and debt instruments. | ||||||||||||||||||||||||
Regions expects to reclassify out of accumulated other comprehensive income (loss) and into earnings approximately $120 million in pre-tax income due to the receipt or payment of interest payments on all cash flow hedges within the next twelve months. Included in this amount is $44 million in pre-tax net gains related to the amortization of discontinued cash flow hedges. The maximum length of time over which Regions is hedging its exposure to the variability in future cash flows for forecasted transactions is approximately seven years as of September 30, 2014. | ||||||||||||||||||||||||
The following tables present the effect of hedging derivative instruments on the consolidated statements of income: | ||||||||||||||||||||||||
Gain or (Loss) Recognized in Income on Derivatives | Location of Amounts Recognized in Income on Derivatives and Related Hedged Item | Gain or (Loss) Recognized in Income on Related Hedged Item | ||||||||||||||||||||||
Three Months Ended September 30 | Three Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Fair Value Hedges: | ||||||||||||||||||||||||
Interest rate swaps on: | ||||||||||||||||||||||||
Debt/CDs | $ | 4 | $ | 11 | Interest expense | $ | 7 | $ | 1 | |||||||||||||||
Debt/CDs | (11 | ) | 7 | Other non-interest expense | 10 | (6 | ) | |||||||||||||||||
Securities available for sale | (4 | ) | (1 | ) | Interest expense | — | — | |||||||||||||||||
Securities available for sale | — | 2 | Other non-interest expense | (2 | ) | (2 | ) | |||||||||||||||||
Total | $ | (11 | ) | $ | 19 | $ | 15 | $ | (7 | ) | ||||||||||||||
Effective Portion(3) | ||||||||||||||||||||||||
Gain or (Loss) Recognized in AOCI(1) | Location of Amounts Reclassified from AOCI into Income | Gain or (Loss) Reclassified from AOCI into Income(2) | ||||||||||||||||||||||
Three Months Ended September 30 | Three Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||||||
Interest rate swaps | $ | (37 | ) | $ | 10 | Interest income on loans | $ | 34 | $ | 30 | ||||||||||||||
Forward starting swaps | — | 2 | Interest expense on debt | — | (4 | ) | ||||||||||||||||||
Total | $ | (37 | ) | $ | 12 | $ | 34 | $ | 26 | |||||||||||||||
Gain or (Loss) Recognized in Income on Derivatives | Location of Amounts Recognized in Income on Derivatives and Related Hedged Item | Gain or (Loss) Recognized in Income on Related Hedged Item | ||||||||||||||||||||||
Nine Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Fair Value Hedges: | ||||||||||||||||||||||||
Interest rate swaps on: | ||||||||||||||||||||||||
Debt/CDs | $ | 19 | $ | 47 | Interest expense | $ | 15 | $ | 6 | |||||||||||||||
Debt/CDs | (25 | ) | (65 | ) | Other non-interest expense | 27 | 58 | |||||||||||||||||
Securities available for sale | (12 | ) | (2 | ) | Interest expense | — | — | |||||||||||||||||
Securities available for sale | (32 | ) | 16 | Other non-interest expense | 25 | (17 | ) | |||||||||||||||||
Total | $ | (50 | ) | $ | (4 | ) | $ | 67 | $ | 47 | ||||||||||||||
Effective Portion(3) | ||||||||||||||||||||||||
Gain or (Loss) Recognized in AOCI(1) | Location of Amounts Reclassified from AOCI into Income | Gain or (Loss) Reclassified from AOCI into Income(2) | ||||||||||||||||||||||
Nine Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||||||
Interest rate swaps | $ | (11 | ) | $ | (53 | ) | Interest income on loans | $ | 96 | $ | 70 | |||||||||||||
Forward starting swaps | 3 | 7 | Interest expense on debt | (5 | ) | (12 | ) | |||||||||||||||||
Total | $ | (8 | ) | $ | (46 | ) | $ | 91 | $ | 58 | ||||||||||||||
____ | ||||||||||||||||||||||||
(1) After-tax | ||||||||||||||||||||||||
(2) Pre-tax | ||||||||||||||||||||||||
(3) All cash flow hedges were highly effective for all periods presented, and the change in fair value attributed to hedge ineffectiveness was not material. | ||||||||||||||||||||||||
DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS | ||||||||||||||||||||||||
The Company maintains a derivatives trading portfolio of interest rate swaps, option contracts, and futures and forward commitments used to meet the needs of its customers. The portfolio is primarily used to help clients manage market risk. The Company is subject to the credit risk that a counterparty will fail to perform. The Company is also subject to market risk, which is evaluated by the Company and monitored by the asset/liability management process. Separate derivative contracts are entered into to reduce overall market exposure to pre-defined limits. The contracts in this portfolio do not qualify for hedge accounting and are marked-to-market through earnings and included in other assets and other liabilities. | ||||||||||||||||||||||||
Regions enters into interest rate lock commitments, which are commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. At September 30, 2014 and December 31, 2013, Regions had $312 million and $267 million, respectively, in total notional amount of interest rate lock commitments. Regions manages market risk on interest rate lock commitments and mortgage loans held for sale with corresponding forward sale commitments, which are recorded at fair value with changes in fair value recorded in mortgage income. At September 30, 2014 and December 31, 2013, Regions had $697 million and $636 million, respectively, in total notional amount related to these forward sale commitments. | ||||||||||||||||||||||||
Regions has elected to account for residential mortgage servicing rights at fair market value with any changes to fair value being recorded within mortgage income. Concurrent with the election to use the fair value measurement method, Regions began using various derivative instruments, in the form of forward rate commitments, futures contracts, swaps and swaptions to mitigate the consolidated statement of income effect of changes in the fair value of its residential mortgage servicing rights. As of both September 30, 2014 and December 31, 2013, the total notional amount related to these contracts was $3.4 billion. | ||||||||||||||||||||||||
The following table presents the location and amount of gain or (loss) recognized in income on derivatives not designated as hedging instruments in the consolidated statements of income for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||
Capital markets fee income and other(1): | ||||||||||||||||||||||||
Interest rate swaps | $ | 5 | $ | 5 | $ | 10 | $ | 17 | ||||||||||||||||
Interest rate options | — | — | — | 2 | ||||||||||||||||||||
Interest rate futures and forward commitments | 1 | — | — | 1 | ||||||||||||||||||||
Other contracts | 2 | 1 | 8 | 10 | ||||||||||||||||||||
Total capital markets fee income and other | 8 | 6 | 18 | 30 | ||||||||||||||||||||
Mortgage income: | ||||||||||||||||||||||||
Interest rate swaps | 1 | 1 | 19 | (26 | ) | |||||||||||||||||||
Interest rate options | (3 | ) | 9 | 3 | (10 | ) | ||||||||||||||||||
Interest rate futures and forward commitments | 9 | (59 | ) | 1 | (28 | ) | ||||||||||||||||||
Total mortgage income | 7 | (49 | ) | 23 | (64 | ) | ||||||||||||||||||
$ | 15 | $ | (43 | ) | $ | 41 | $ | (34 | ) | |||||||||||||||
______ | ||||||||||||||||||||||||
(1) Capital markets fee income and other is included in Other income on the consolidated statements of income. | ||||||||||||||||||||||||
Credit risk, defined as all positive exposures not collateralized with cash or other assets or reserved for, at September 30, 2014 and December 31, 2013, totaled approximately $343 million and $453 million, respectively. This amount represents the net credit risk on all trading and other derivative positions held by Regions. | ||||||||||||||||||||||||
CREDIT DERIVATIVES | ||||||||||||||||||||||||
Regions has both bought and sold credit protection in the form of participations on interest rate swaps (swap participations). These swap participations, which meet the definition of credit derivatives, were entered into in the ordinary course of business to serve the credit needs of customers. Credit derivatives, whereby Regions has purchased credit protection, entitle Regions to receive a payment from the counterparty when the customer fails to make payment on any amounts due to Regions upon early termination of the swap transaction and have maturities between 2015 and 2020. Credit derivatives whereby Regions has sold credit protection have maturities between 2015 and 2020. For contracts where Regions sold credit protection, Regions would be required to make payment to the counterparty when the customer fails to make payment on any amounts due to the counterparty upon early termination of the swap transaction. Regions bases the current status of the prepayment/performance risk on bought and sold credit derivatives on recently issued internal risk ratings consistent with the risk management practices of unfunded commitments. | ||||||||||||||||||||||||
Regions’ maximum potential amount of future payments under these contracts as of September 30, 2014 was approximately $60 million. This scenario would only occur if variable interest rates were at zero percent and all counterparties defaulted with zero recovery. The fair value of sold protection at September 30, 2014 and 2013 was immaterial. In transactions where Regions has sold credit protection, recourse to collateral associated with the original swap transaction is available to offset some or all of Regions’ obligation. | ||||||||||||||||||||||||
CONTINGENT FEATURES | ||||||||||||||||||||||||
Certain of Regions’ derivative instrument contracts with broker-dealers contain credit-related termination provisions and/or credit-related provisions regarding the posting of collateral allowing those broker-dealers to terminate the contracts in the event that Regions’ and/or Regions Bank’s credit ratings falls below specified ratings from certain major credit rating agencies. The aggregate fair value of all derivative instruments with any credit-risk-related contingent features that were in a liability position on September 30, 2014 and December 31, 2013, was $294 million and $364 million, respectively, for which Regions had posted collateral of $311 million and $409 million, respectively, in the normal course of business. | ||||||||||||||||||||||||
OFFSETTING | ||||||||||||||||||||||||
Regions engages in derivatives transactions with dealers and customers. These derivatives transactions are subject to enforceable master netting agreements, which include a right of setoff by the non-defaulting or non-affected party upon early termination of the derivatives transaction. The following table presents the Company's gross derivative positions, including collateral posted or received, as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
Offsetting Derivative Assets | Offsetting Derivative Liabilities | |||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | 30-Sep-14 | December 31, 2013 | |||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||
Gross amounts subject to offsetting | $ | 903 | $ | 1,165 | $ | 1,000 | $ | 1,257 | ||||||||||||||||
Gross amounts not subject to offsetting | 44 | 54 | 50 | 44 | ||||||||||||||||||||
Gross amounts recognized | 947 | 1,219 | 1,050 | 1,301 | ||||||||||||||||||||
Gross amounts offset in the consolidated balance sheets(1) | 595 | 774 | 966 | 1,233 | ||||||||||||||||||||
Net amounts presented in the consolidated balance sheets | 352 | 445 | 84 | 68 | ||||||||||||||||||||
Gross amounts not offset in the consolidated balance sheets: | ||||||||||||||||||||||||
Financial instruments | 9 | 10 | — | — | ||||||||||||||||||||
Cash collateral received/posted | — | — | 52 | 24 | ||||||||||||||||||||
Net amounts | $ | 343 | $ | 435 | $ | 32 | $ | 44 | ||||||||||||||||
________ | ||||||||||||||||||||||||
-1 | At September 30, 2014, gross amounts of derivative assets and liabilities offset in the consolidated balance sheets presented above include cash collateral received of $24 million and cash collateral posted of $396 million. At December 31, 2013, gross amounts of derivative assets and liabilities offset in the consolidated balance sheets presented above include cash collateral received of $42 million and cash collateral posted of $501 million. | |||||||||||||||||||||||
Gross amounts not subject to offsetting consist primarily of derivatives cleared through central clearing houses and interest rate lock commitments to originate mortgage loans. Regions does not have legal assurance that the clearing house contracts are master netting agreements, and therefore has not offset them on its balance sheet. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||||||||||||||
FAIR VALUE MEASUREMENTS | |||||||||||||||||||||||||||||||||
Fair value guidance establishes a framework for using fair value to measure assets and liabilities and defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) as opposed to the price that would be paid to acquire the asset or received to assume the liability (an entry price). A fair value measure should reflect the assumptions that market participants would use in pricing the asset or liability, including the assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of nonperformance. Required disclosures include stratification of balance sheet amounts measured at fair value based on inputs the Company uses to derive fair value measurements. These strata include: | |||||||||||||||||||||||||||||||||
• | Level 1 valuations, where the valuation is based on quoted market prices for identical assets or liabilities traded in active markets (which include exchanges and over-the-counter markets with sufficient volume), | ||||||||||||||||||||||||||||||||
• | Level 2 valuations, where the valuation is based on quoted market prices for similar instruments traded in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market, and | ||||||||||||||||||||||||||||||||
• | Level 3 valuations, where the valuation is generated from model-based techniques that use significant assumptions not observable in the market, but observable based on Company-specific data. These unobservable assumptions reflect the Company’s own estimates for assumptions that market participants would use in pricing the asset or liability. Valuation techniques typically include option pricing models, discounted cash flow models and similar techniques, but may also include the use of market prices of assets or liabilities that are not directly comparable to the subject asset or liability. | ||||||||||||||||||||||||||||||||
See Note 1 “Summary of Significant Accounting Policies” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2013 for a description of valuation methodologies for assets and liabilities measured at fair value on a recurring and non-recurring basis. Regions rarely transfers assets and liabilities measured at fair value between Level 1 and Level 2 measurements. There were no such transfers during the nine month periods ended September 30, 2014 and 2013. Trading account securities and securities available for sale may be periodically transferred to or from Level 3 valuation based on management’s conclusion regarding the best method of pricing for an individual security. Such transfers are accounted for as if they occur at the beginning of a reporting period. | |||||||||||||||||||||||||||||||||
The following table presents assets and liabilities measured at estimated fair value on a recurring basis and non-recurring basis as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Estimated Fair Value | Estimated Fair Value | ||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Recurring fair value measurements | |||||||||||||||||||||||||||||||||
Trading account securities | $ | 103 | $ | — | $ | — | $ | 103 | $ | 111 | $ | — | $ | — | $ | 111 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 61 | $ | — | $ | — | $ | 61 | $ | 56 | $ | — | $ | — | $ | 56 | |||||||||||||||||
Federal agency securities | — | 69 | — | 69 | — | 89 | — | 89 | |||||||||||||||||||||||||
Obligations of states and political subdivisions | — | 3 | — | 3 | — | 5 | — | 5 | |||||||||||||||||||||||||
Mortgage-backed securities (MBS): | |||||||||||||||||||||||||||||||||
Residential agency | — | 16,520 | — | 16,520 | — | 15,677 | — | 15,677 | |||||||||||||||||||||||||
Residential non-agency | — | — | 9 | 9 | — | — | 9 | 9 | |||||||||||||||||||||||||
Commercial agency | — | 1,603 | — | 1,603 | — | 935 | — | 935 | |||||||||||||||||||||||||
Commercial non-agency | — | 1,488 | — | 1,488 | — | 1,211 | — | 1,211 | |||||||||||||||||||||||||
Corporate and other debt securities | — | 1,991 | 3 | 1,994 | — | 2,825 | 2 | 2,827 | |||||||||||||||||||||||||
Equity securities(1) | 139 | — | — | 139 | 137 | — | — | 137 | |||||||||||||||||||||||||
Total securities available for sale | $ | 200 | $ | 21,674 | $ | 12 | $ | 21,886 | $ | 193 | $ | 20,742 | $ | 11 | $ | 20,946 | |||||||||||||||||
Mortgage loans held for sale | $ | — | $ | 456 | $ | — | $ | 456 | $ | — | $ | 429 | $ | — | $ | 429 | |||||||||||||||||
Residential mortgage servicing rights | $ | — | $ | — | $ | 277 | $ | 277 | $ | — | $ | — | $ | 297 | $ | 297 | |||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||||||||||
Interest rate swaps | $ | — | $ | 883 | $ | — | $ | 883 | $ | — | $ | 1,153 | $ | — | $ | 1,153 | |||||||||||||||||
Interest rate options | — | 3 | 9 | 12 | — | 4 | 5 | 9 | |||||||||||||||||||||||||
Interest rate futures and forward commitments | — | 1 | — | 1 | — | 9 | — | 9 | |||||||||||||||||||||||||
Other contracts | — | 51 | — | 51 | — | 48 | — | 48 | |||||||||||||||||||||||||
Total derivative assets | $ | — | $ | 938 | $ | 9 | $ | 947 | $ | — | $ | 1,214 | $ | 5 | $ | 1,219 | |||||||||||||||||
Derivative liabilities: | |||||||||||||||||||||||||||||||||
Interest rate swaps | $ | — | $ | 1,002 | $ | — | $ | 1,002 | $ | — | $ | 1,251 | $ | — | $ | 1,251 | |||||||||||||||||
Interest rate options | — | 2 | — | 2 | — | 4 | — | 4 | |||||||||||||||||||||||||
Interest rate futures and forward commitments | — | 3 | — | 3 | — | 2 | — | 2 | |||||||||||||||||||||||||
Other contracts | — | 43 | — | 43 | — | 44 | — | 44 | |||||||||||||||||||||||||
Total derivative liabilities | $ | — | $ | 1,050 | $ | — | $ | 1,050 | $ | — | $ | 1,301 | $ | — | $ | 1,301 | |||||||||||||||||
Nonrecurring fair value measurements | |||||||||||||||||||||||||||||||||
Loans held for sale | $ | — | $ | — | $ | 37 | $ | 37 | $ | — | $ | — | $ | 596 | $ | 596 | |||||||||||||||||
Foreclosed property and other real estate | — | 34 | 8 | 42 | — | 49 | 18 | 67 | |||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) Excludes Federal Reserve Bank and Federal Home Loan Bank Stock totaling $477 million and $16 million at September 30, 2014 and $472 million and $67 million at December 31, 2013, respectively. | |||||||||||||||||||||||||||||||||
Assets and liabilities in all levels could result in volatile and material price fluctuations. Realized and unrealized gains and losses on Level 3 assets represent only a portion of the risk to market fluctuations in Regions’ consolidated balance sheets. Further, derivatives included in Levels 2 and 3 are used by the Asset and Liability Management Committee of the Company in a holistic approach to managing price fluctuation risks. | |||||||||||||||||||||||||||||||||
The following tables illustrate a rollforward for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2014 and 2013. The tables do not reflect the change in fair value attributable to any related economic hedges the Company used to mitigate the interest rate risk associated with these assets and liabilities. The net changes in realized gains (losses) included in earnings related to Level 3 assets and liabilities held at September 30, 2014 and 2013 are not material. | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance | |||||||||||||||||||||||||||||
July 1, | Gains or Losses | Level 3 | Level 3 | September 30, | |||||||||||||||||||||||||||||
2014 | Included | Included | 2014 | ||||||||||||||||||||||||||||||
in | in Other | ||||||||||||||||||||||||||||||||
Earnings | Compre- | ||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 9 | — | — | — | — | — | — | — | — | $ | 9 | |||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | 1 | — | — | — | — | — | 3 | |||||||||||||||||||||||
Total securities available for sale | $ | 11 | — | — | 1 | — | — | — | — | — | $ | 12 | |||||||||||||||||||||
Residential mortgage servicing rights | $ | 276 | (8 | ) | (1) | — | 9 | — | — | — | — | — | $ | 277 | |||||||||||||||||||
Total interest rate options derivatives, net | $ | 12 | 20 | (1) | — | — | — | — | (23 | ) | — | — | $ | 9 | |||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance | |||||||||||||||||||||||||||||
July 1, | Gains or Losses | Level 3 | Level 3 | September 30, | |||||||||||||||||||||||||||||
2013 | Included | Included | 2013 | ||||||||||||||||||||||||||||||
in Earnings | in Other | ||||||||||||||||||||||||||||||||
Compre- | |||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 11 | — | — | — | — | — | (1 | ) | — | — | $ | 10 | ||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | — | — | — | — | — | — | 2 | |||||||||||||||||||||||
Total securities available for sale | $ | 13 | — | — | — | — | — | (1 | ) | — | — | $ | 12 | ||||||||||||||||||||
Residential mortgage servicing rights | $ | 276 | (9 | ) | (1) | — | 14 | — | — | — | — | — | $ | 281 | |||||||||||||||||||
Total interest rate options derivatives, net | $ | 2 | 24 | (1) | — | — | — | — | (14 | ) | — | — | $ | 12 | |||||||||||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance | |||||||||||||||||||||||||||||
January 1, | Gains or Losses | Level 3 | Level 3 | September 30, | |||||||||||||||||||||||||||||
2014 | Included | Included | 2014 | ||||||||||||||||||||||||||||||
in | in Other | ||||||||||||||||||||||||||||||||
Earnings | Compre- | ||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 9 | — | — | — | — | — | — | — | — | $ | 9 | |||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | 4 | — | — | (3 | ) | — | — | 3 | ||||||||||||||||||||||
Total securities available for sale | $ | 11 | — | — | 4 | — | — | (3 | ) | — | — | $ | 12 | ||||||||||||||||||||
Residential mortgage servicing rights | $ | 297 | (44 | ) | (1) | — | 24 | — | — | — | — | — | $ | 277 | |||||||||||||||||||
Total interest rate options derivatives, net | $ | 5 | 70 | (1) | — | — | — | — | (66 | ) | — | — | $ | 9 | |||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance September 30, | |||||||||||||||||||||||||||||
January 1, | Gains or Losses | Level 3 | Level 3 | 2013 | |||||||||||||||||||||||||||||
2013 | Included | Included | |||||||||||||||||||||||||||||||
in Earnings | in Other | ||||||||||||||||||||||||||||||||
Compre- | |||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 13 | — | — | — | — | — | (3 | ) | — | — | $ | 10 | ||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | — | — | — | — | — | — | 2 | |||||||||||||||||||||||
Total securities available for sale | $ | 15 | — | — | — | — | — | (3 | ) | — | — | $ | 12 | ||||||||||||||||||||
Residential mortgage servicing rights | $ | 191 | 17 | (1) | — | 73 | — | — | — | — | — | $ | 281 | ||||||||||||||||||||
Total interest rate options derivatives, net | $ | 22 | 65 | (1) | — | — | — | — | (75 | ) | — | — | $ | 12 | |||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) Included in mortgage income. | |||||||||||||||||||||||||||||||||
The following table presents the fair value adjustments related to non-recurring fair value measurements: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Loans held for sale | $ | (11 | ) | $ | (16 | ) | $ | (34 | ) | $ | (58 | ) | |||||||||||||||||||||
Foreclosed property and other real estate | (4 | ) | (8 | ) | (18 | ) | (27 | ) | |||||||||||||||||||||||||
The following tables present detailed information regarding assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of September 30, 2014 and December 31, 2013. The tables include the valuation techniques and the significant unobservable inputs utilized. The range of each significant unobservable input as well as the weighted average within the range utilized at September 30, 2014 and December 31, 2013 are included. Following the tables are a description of the valuation technique and the sensitivity of the technique to changes in the significant unobservable input. | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Level 3 | Valuation | Unobservable | Quantitative Range of | ||||||||||||||||||||||||||||||
Estimated Fair Value at | Technique | Input(s) | Unobservable Inputs and | ||||||||||||||||||||||||||||||
30-Sep-14 | (Weighted-Average) | ||||||||||||||||||||||||||||||||
(Dollars in millions) | |||||||||||||||||||||||||||||||||
Recurring fair value measurements: | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $9 | Discounted cash flow | Spread to LIBOR | 5.3% - 49.8% (12.8%) | |||||||||||||||||||||||||||||
Weighted-average prepayment speed (CPR; percentage) | 6.1% - 13.3% (9.5%) | ||||||||||||||||||||||||||||||||
Probability of default | 1.40% | ||||||||||||||||||||||||||||||||
Loss severity | 36.80% | ||||||||||||||||||||||||||||||||
Corporate and other debt securities | $3 | Market comparable | Evaluated quote on same issuer/comparable bond | 99.8% - 99.9% (99.8%) | |||||||||||||||||||||||||||||
Comparability adjustments | 0.07% | ||||||||||||||||||||||||||||||||
Residential mortgage servicing rights(1) | $277 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 9.2% - 25.2% (10.9%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 6.4% - 13.5% (7.9%) | ||||||||||||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||||||||||
Interest rate options | $9 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 9.2% - 25.2% (10.9%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 6.4% - 13.5% (7.9%) | ||||||||||||||||||||||||||||||||
Pull-through | 45.9% - 99.1% (85.6%) | ||||||||||||||||||||||||||||||||
Nonrecurring fair value measurements: | |||||||||||||||||||||||||||||||||
Loans held for sale | $37 | Commercial and investor real estate loans held for sale are valued based on multiple data points, including discount to appraised value of collateral based on recent market activity for sales of similar loans | Appraisal comparability adjustment (discount) | 13.3% - 97.2% (50.8%) | |||||||||||||||||||||||||||||
Foreclosed property and other real estate | $8 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal comparability adjustment (discount) | 25.0% - 100.0% (44.2%) | |||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) See Note 5 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Level 3 | Valuation | Unobservable | Quantitative Range of | ||||||||||||||||||||||||||||||
Estimated Fair Value at | Technique | Input(s) | Unobservable Inputs and | ||||||||||||||||||||||||||||||
December 31, 2013 | (Weighted-Average) | ||||||||||||||||||||||||||||||||
(Dollars in millions) | |||||||||||||||||||||||||||||||||
Recurring fair value measurements: | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $9 | Discounted cash flow | Spread to LIBOR | 5.4% - 49.9% (14.9%) | |||||||||||||||||||||||||||||
Weighted-average prepayment speed (CPR; percentage) | 8.6% - 13.1% (10.0%) | ||||||||||||||||||||||||||||||||
Probability of default | 1.30% | ||||||||||||||||||||||||||||||||
Loss severity | 38.40% | ||||||||||||||||||||||||||||||||
Corporate and other debt securities | $2 | Market comparable | Evaluated quote on same issuer/comparable bond | 99.0% - 100.0% (99.6%) | |||||||||||||||||||||||||||||
Comparability adjustments | 0.96% | ||||||||||||||||||||||||||||||||
Residential mortgage servicing rights(1) | $297 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 6.9% - 24.8% (8.2%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 7.0% - 23.6% (9.0%) | ||||||||||||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||||||||||
Interest rate options | $5 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 6.9% - 24.8% (8.2%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 7.0% - 23.6% (9.0%) | ||||||||||||||||||||||||||||||||
Pull-through | 10.8% - 99.7% (32.2%) | ||||||||||||||||||||||||||||||||
Nonrecurring fair value measurements: | |||||||||||||||||||||||||||||||||
Loans held for sale | $61 | Commercial and investor real estate loans held for sale are valued based on multiple data points, including discount to appraised value of collateral based on recent market activity for sales of similar loans | Appraisal comparability adjustment (discount) | 1.0% - 99.2% (49.6%) | |||||||||||||||||||||||||||||
$535 | Residential first mortgage loans held for sale not carried at fair value on a recurring basis are valued based on estimated third-party valuations utilizing recent sales data for similar transactions | Estimated third-party valuations utilizing available sales data for similar transactions (discount to par) | 17.0% - 26.0% (23.5%) | ||||||||||||||||||||||||||||||
Foreclosed property and other real estate | $18 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal comparability adjustment (discount) | 30.0% - 100.0% (42.3%) | |||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) See Note 7 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2013 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | |||||||||||||||||||||||||||||||||
RECURRING FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS | |||||||||||||||||||||||||||||||||
Securities available for sale | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: residential non-agency—The fair value reported in this category relates to retained interests in legacy securitizations. Significant unobservable inputs include the spread to LIBOR, constant prepayment rate, probability of default, and loss severity in the event of default. Significant increases in any of these inputs in isolation would result in significantly lower fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for loss severity and a directionally opposite change in the assumption used for prepayment rates. | |||||||||||||||||||||||||||||||||
Corporate and other debt securities—Significant unobservable inputs include evaluated quotes on comparable bonds for the same issuer and management-determined comparability adjustments. Changes in the evaluated quote on comparable bonds would result in a directionally similar change in the fair value of the other debt securities. | |||||||||||||||||||||||||||||||||
Residential mortgage servicing rights | |||||||||||||||||||||||||||||||||
The significant unobservable inputs used in the fair value measurement of residential mortgage servicing rights ("MSR") are option adjusted spreads (“OAS”) and prepayment speed. This method requires generating cash flow projections over multiple interest rate scenarios and discounting those cash flows at a risk adjusted rate. Additionally, the impact of prepayments and changes in the OAS are based on a variety of underlying inputs such as servicing costs. Increases or decreases to the underlying cash flow inputs will have a corresponding impact on the value of the MSR asset. The net change in unrealized gains (losses) included in earnings related to MSRs held at period end are disclosed as the changes in valuation inputs or assumptions. See Note 5 for these amounts and additional disclosures related to assumptions used in the fair value calculation for MSRs. | |||||||||||||||||||||||||||||||||
Derivative assets | |||||||||||||||||||||||||||||||||
Interest rate options—These instruments are interest rate lock agreements made in the normal course of originating residential mortgage loans. Significant unobservable inputs in the fair value measurement are OAS, prepayment speeds, and pull-through. The impact of OAS and prepayment speed inputs in the valuation of these derivative instruments are consistent with the MSR discussion above. Pull-through is an estimate of the number of interest rate lock commitments that will ultimately become funded loans. Increases or decreases in the pull-through assumption will have a corresponding impact on the value of these derivative assets. | |||||||||||||||||||||||||||||||||
NON-RECURRING FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS | |||||||||||||||||||||||||||||||||
Loans held for sale | |||||||||||||||||||||||||||||||||
Commercial and investor real estate loans held for sale are valued based on multiple data points indicating the fair value for each loan. The primary data point for loans held for sale is a discount to the appraised value of the underlying collateral, which considers the return required by potential buyers of the loans. Management establishes this discount or comparability adjustment based on recent sales of loans secured by similar property types. As liquidity in the market increases or decreases, the comparability adjustment and the resulting asset valuation are impacted. | |||||||||||||||||||||||||||||||||
Residential first mortgage loans transferred to held for sale were valued based on estimated third-party valuations utilizing recent sales data from similar transactions. Broker opinion statements were also obtained as additional evidence to support the third-party valuations. The discounts taken were intended to represent the perspective of a market participant, considering among other things, required investor returns which include liquidity discounts reflected in similar bulk transactions. | |||||||||||||||||||||||||||||||||
Foreclosed property and other real estate | |||||||||||||||||||||||||||||||||
Foreclosed property and other real estate are valued based on offered quotes as available. If no sales contract is pending for a specific property, management establishes a comparability adjustment to the appraised value based on historical activity considering proceeds for properties sold versus the corresponding appraised value. Increases or decreases in realization for properties sold impact the comparability adjustment for similar assets remaining on the balance sheet. | |||||||||||||||||||||||||||||||||
FAIR VALUE OPTION | |||||||||||||||||||||||||||||||||
Regions has elected the fair value option for all FNMA and FHLMC eligible residential mortgage loans held for sale. These elections allow for a more effective offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without the burden of complying with the requirements for hedge accounting. Regions has not elected the fair value option for other loans held for sale primarily because they are not economically hedged using derivative instruments. Fair values of mortgage loans held for sale are based on traded market prices of similar assets where available and/or discounted cash flows at market interest rates, adjusted for securitization activities that include servicing values and market conditions, and are recorded in loans held for sale in the consolidated balance sheets. | |||||||||||||||||||||||||||||||||
The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for mortgage loans held for sale measured at fair value: | |||||||||||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Aggregate | Aggregate | Aggregate Fair | Aggregate | Aggregate | Aggregate Fair | ||||||||||||||||||||||||||||
Fair Value | Unpaid | Value Less | Fair Value | Unpaid | Value Less | ||||||||||||||||||||||||||||
Principal | Aggregate | Principal | Aggregate | ||||||||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||||||||||
Principal | Principal | ||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Mortgage loans held for sale, at fair value | $ | 456 | $ | 441 | $ | 15 | $ | 429 | $ | 424 | $ | 5 | |||||||||||||||||||||
Interest income on mortgage loans held for sale is recognized based on contractual rates and is reflected in interest income on loans held for sale in the consolidated statements of income. The following table details net gains resulting from changes in fair value of these loans which were recorded in mortgage income in the consolidated statements of income during the three and nine months ended September 30, 2014 and 2013, respectively. These changes in fair value are mostly offset by economic hedging activities. An immaterial portion of these amounts was attributable to changes in instrument-specific credit risk. | |||||||||||||||||||||||||||||||||
Mortgage loans held for sale, at fair value | |||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Net gains (losses) resulting from changes in fair value | $ | (6 | ) | $ | 38 | $ | 11 | $ | (24 | ) | |||||||||||||||||||||||
The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments as of September 30, 2014 are as follows: | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Amount | Fair | ||||||||||||||||||||||||||||||||
Value(1) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 4,783 | $ | 4,783 | $ | 4,783 | $ | — | $ | — | |||||||||||||||||||||||
Trading account securities | 103 | 103 | 103 | — | — | ||||||||||||||||||||||||||||
Securities held to maturity | 2,222 | 2,224 | 1 | 2,223 | — | ||||||||||||||||||||||||||||
Securities available for sale | 22,379 | 22,379 | 200 | 22,167 | 12 | ||||||||||||||||||||||||||||
Loans held for sale | 504 | 504 | — | 456 | 48 | ||||||||||||||||||||||||||||
Loans (excluding leases), net of unearned income and allowance for loan losses(2)(3) | 73,695 | 68,691 | — | — | 68,691 | ||||||||||||||||||||||||||||
Other interest-earning assets | 91 | 91 | — | 91 | — | ||||||||||||||||||||||||||||
Derivative assets | 947 | 947 | — | 938 | 9 | ||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||
Derivative liabilities | 1,050 | 1,050 | — | 1,050 | — | ||||||||||||||||||||||||||||
Deposits | 94,130 | 94,104 | — | 94,104 | — | ||||||||||||||||||||||||||||
Short-term borrowings | 1,893 | 1,893 | — | 1,893 | — | ||||||||||||||||||||||||||||
Long-term borrowings | 3,813 | 4,172 | — | 3,813 | 359 | ||||||||||||||||||||||||||||
Loan commitments and letters of credit | 103 | 578 | — | — | 578 | ||||||||||||||||||||||||||||
Indemnification obligation | 208 | 193 | — | — | 193 | ||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
-1 | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for interest rates, market liquidity and credit spreads as appropriate. | ||||||||||||||||||||||||||||||||
-2 | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. In the current whole loan market, financial investors are generally requiring a higher rate of return than the return inherent in loans if held to maturity. The fair value discount at September 30, 2014 was $5.0 billion or 6.8 percent. | ||||||||||||||||||||||||||||||||
-3 | Excluded from this table is the lease carrying amount of $1.7 billion at September 30, 2014. | ||||||||||||||||||||||||||||||||
The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company's financial instruments as of December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Amount | Fair | ||||||||||||||||||||||||||||||||
Value(1) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 5,273 | $ | 5,273 | $ | 5,273 | $ | — | $ | — | |||||||||||||||||||||||
Trading account securities | 111 | 111 | 111 | — | — | ||||||||||||||||||||||||||||
Securities held to maturity | 2,353 | 2,307 | 1 | 2,306 | — | ||||||||||||||||||||||||||||
Securities available for sale | 21,485 | 21,485 | 193 | 21,281 | 11 | ||||||||||||||||||||||||||||
Loans held for sale | 1,055 | 1,055 | — | 429 | 626 | ||||||||||||||||||||||||||||
Loans (excluding leases), net of unearned income and allowance for loan losses(2)(3) | 71,594 | 66,167 | — | — | 66,167 | ||||||||||||||||||||||||||||
Other interest-earning assets | 86 | 86 | — | 86 | — | ||||||||||||||||||||||||||||
Derivative assets | 1,219 | 1,219 | — | 1,214 | 5 | ||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||
Derivative liabilities | 1,301 | 1,301 | — | 1,301 | — | ||||||||||||||||||||||||||||
Deposits | 92,453 | 92,460 | — | 92,460 | — | ||||||||||||||||||||||||||||
Short-term borrowings | 2,182 | 2,182 | — | 2,182 | — | ||||||||||||||||||||||||||||
Long-term borrowings | 4,830 | 5,085 | — | — | 5,085 | ||||||||||||||||||||||||||||
Loan commitments and letters of credit | 117 | 621 | — | — | 621 | ||||||||||||||||||||||||||||
Indemnification obligation | 260 | 243 | — | — | 243 | ||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
-1 | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for interest rates, market liquidity and credit spreads as appropriate. | ||||||||||||||||||||||||||||||||
-2 | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. In the current whole loan market, financial investors are generally requiring a higher rate of return than the return inherent in loans if held to maturity. The fair value discount at December 31, 2013 was $5.4 billion or 7.6 percent. | ||||||||||||||||||||||||||||||||
-3 | Excluded from this table is the lease carrying amount of $1.7 billion at December 31, 2013. |
Business_Segment_Information
Business Segment Information | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Business Segment Information | ' | |||||||||||||||||||||||||||
BUSINESS SEGMENT INFORMATION | ||||||||||||||||||||||||||||
Each of Regions’ reportable segments is a strategic business unit that serves specific needs of Regions’ customers based on the products and services provided. The segments are based on the manner in which management views the financial performance of the business. The Company has three reportable segments: Business Services, Consumer Services and Wealth Management, with the remainder split between Discontinued Operations and Other. The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. As these enhancements are made, financial results presented may be periodically revised. | ||||||||||||||||||||||||||||
The following tables present financial information for each reportable segment for the period indicated. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 453 | $ | 455 | $ | 43 | $ | (130 | ) | $ | 821 | $ | — | $ | 821 | |||||||||||||
Provision (credit) for loan losses | 27 | 48 | — | (51 | ) | 24 | — | 24 | ||||||||||||||||||||
Non-interest income | 130 | 250 | 90 | 8 | 478 | 19 | 497 | |||||||||||||||||||||
Non-interest expense | 241 | 455 | 111 | 19 | 826 | 14 | 840 | |||||||||||||||||||||
Income (loss) before income taxes | 315 | 202 | 22 | (90 | ) | 449 | 5 | 454 | ||||||||||||||||||||
Income tax expense (benefit) | 120 | 77 | 8 | (78 | ) | 127 | 2 | 129 | ||||||||||||||||||||
Net income (loss) | $ | 195 | $ | 125 | $ | 14 | $ | (12 | ) | $ | 322 | $ | 3 | $ | 325 | |||||||||||||
Average assets | $ | 53,266 | $ | 28,781 | $ | 2,933 | $ | 33,808 | $ | 118,788 | $ | — | $ | 118,788 | ||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 472 | $ | 460 | $ | 44 | $ | (152 | ) | $ | 824 | $ | — | $ | 824 | |||||||||||||
Provision (credit) for loan losses | 40 | 67 | 6 | (95 | ) | 18 | — | 18 | ||||||||||||||||||||
Non-interest income | 114 | 270 | 112 | (1 | ) | 495 | — | 495 | ||||||||||||||||||||
Non-interest expense | 252 | 496 | 114 | 22 | 884 | 1 | 885 | |||||||||||||||||||||
Income (loss) before income taxes | 294 | 167 | 36 | (80 | ) | 417 | (1 | ) | 416 | |||||||||||||||||||
Income tax expense (benefit) | 112 | 63 | 14 | (65 | ) | 124 | (1 | ) | 123 | |||||||||||||||||||
Net income (loss) | $ | 182 | $ | 104 | $ | 22 | $ | (15 | ) | $ | 293 | $ | — | $ | 293 | |||||||||||||
Average assets | $ | 52,568 | $ | 28,972 | $ | 3,002 | $ | 32,375 | $ | 116,917 | $ | — | $ | 116,917 | ||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 1,361 | $ | 1,360 | $ | 129 | $ | (391 | ) | $ | 2,459 | $ | — | $ | 2,459 | |||||||||||||
Provision (credit) for loan losses | 79 | 143 | 1 | (162 | ) | 61 | — | 61 | ||||||||||||||||||||
Non-interest income | 349 | 739 | 273 | 12 | 1,373 | 19 | 1,392 | |||||||||||||||||||||
Non-interest expense | 763 | 1,336 | 322 | 42 | 2,463 | (7 | ) | 2,456 | ||||||||||||||||||||
Income (loss) before income taxes | 868 | 620 | 79 | (259 | ) | 1,308 | 26 | 1,334 | ||||||||||||||||||||
Income tax expense (benefit) | 330 | 235 | 30 | (215 | ) | 380 | 10 | 390 | ||||||||||||||||||||
Net income (loss) | $ | 538 | $ | 385 | $ | 49 | $ | (44 | ) | $ | 928 | $ | 16 | $ | 944 | |||||||||||||
Average assets | $ | 53,182 | $ | 28,662 | $ | 2,954 | $ | 33,409 | $ | 118,207 | $ | — | $ | 118,207 | ||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 1,395 | $ | 1,383 | $ | 135 | $ | (483 | ) | $ | 2,430 | $ | — | $ | 2,430 | |||||||||||||
Provision (credit) for loan losses | 205 | 215 | 18 | (379 | ) | 59 | — | 59 | ||||||||||||||||||||
Non-interest income | 343 | 822 | 290 | 38 | 1,493 | — | 1,493 | |||||||||||||||||||||
Non-interest expense | 718 | 1,442 | 328 | 122 | 2,610 | (1 | ) | 2,609 | ||||||||||||||||||||
Income (loss) before income taxes | 815 | 548 | 79 | (188 | ) | 1,254 | 1 | 1,255 | ||||||||||||||||||||
Income tax expense (benefit) | 310 | 208 | 30 | (188 | ) | 360 | — | 360 | ||||||||||||||||||||
Net income | $ | 505 | $ | 340 | $ | 49 | $ | — | $ | 894 | $ | 1 | $ | 895 | ||||||||||||||
Average assets | $ | 49,081 | $ | 29,010 | $ | 3,039 | $ | 36,958 | $ | 118,088 | $ | — | $ | 118,088 | ||||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Text Block [Abstract] | ' | |||||||
Commitments and Contingencies | ' | |||||||
COMMITMENTS, CONTINGENCIES AND GUARANTEES | ||||||||
COMMERCIAL COMMITMENTS | ||||||||
Regions issues off-balance sheet financial instruments in connection with lending activities. The credit risk associated with these instruments is essentially the same as that involved in extending loans to customers and is subject to Regions’ normal credit approval policies and procedures. Regions measures inherent risk associated with these instruments by recording a reserve for unfunded commitments based on an assessment of the likelihood that the guarantee will be funded and the creditworthiness of the customer or counterparty. Collateral is obtained based on management’s assessment of the creditworthiness of the customer. | ||||||||
Credit risk associated with these instruments is represented by the contractual amounts indicated in the following table: | ||||||||
September 30, 2014 | 31-Dec-13 | |||||||
(In millions) | ||||||||
Unused commitments to extend credit | $ | 42,657 | $ | 41,885 | ||||
Standby letters of credit | 1,608 | 1,629 | ||||||
Commercial letters of credit | 47 | 36 | ||||||
Liabilities associated with standby letters of credit | 37 | 37 | ||||||
Assets associated with standby letters of credit | 36 | 38 | ||||||
Reserve for unfunded credit commitments | 65 | 78 | ||||||
Unused commitments to extend credit—To accommodate the financial needs of its customers, Regions makes commitments under various terms to lend funds to consumers, businesses and other entities. These commitments include (among others) credit card and other revolving credit agreements, term loan commitments and short-term borrowing agreements. Many of these loan commitments have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of these commitments are expected to expire without being funded, the total commitment amounts do not necessarily represent future liquidity requirements. | ||||||||
Standby letters of credit—Standby letters of credit are also issued to customers which commit Regions to make payments on behalf of customers if certain specified future events occur. Regions has recourse against the customer for any amount required to be paid to a third party under a standby letter of credit. Historically, a large percentage of standby letters of credit expire without being funded. The contractual amount of standby letters of credit represents the maximum potential amount of future payments Regions could be required to make and represents Regions’ maximum credit risk. | ||||||||
Commercial letters of credit—Commercial letters of credit are issued to facilitate foreign or domestic trade transactions for customers. As a general rule, drafts will be drawn when the goods underlying the transaction are in transit. | ||||||||
LEGAL CONTINGENCIES | ||||||||
Regions, its affiliates and subsidiaries, and current and former officers, directors and employees, are sometimes collectively referred to as Regions and certain Related Persons. Regions and its subsidiaries are subject to loss contingencies related to litigation, claims, investigations and legal and administrative cases and proceedings arising in the ordinary course of business. Regions evaluates these contingencies based on information currently available, including advice of counsel. Regions establishes accruals for those matters when a loss contingency is considered probable and the related amount is reasonably estimable. Any accruals are periodically reviewed and may be adjusted as circumstances change. Some of Regions' exposure with respect to loss contingencies may be offset by applicable insurance coverage. In determining the amounts of any accruals or estimates of possible loss contingencies however, Regions does not take into account the availability of insurance coverage. To the extent that Regions has an insurance recovery, the proceeds are recorded in the period the recovery is received. | ||||||||
In addition, as previously discussed, Regions has agreed to indemnify Raymond James for all legal matters resulting from pre-closing activities in conjunction with the sale of Morgan Keegan and recorded an indemnification obligation at fair value in the second quarter of 2012. The indemnification obligation had a carrying amount of approximately $208 million and an estimated fair value of approximately $193 million as of September 30, 2014 (see Note 12). | ||||||||
When it is practicable, Regions estimates possible loss contingencies, whether or not there is an accrued probable loss. When Regions is able to estimate such possible losses, and when it is reasonably possible Regions could incur losses in excess of amounts accrued, Regions is required to make a disclosure of the aggregate estimation. Regions currently estimates that it is reasonably possible that it may experience losses in excess of what Regions has accrued in an aggregate amount up to approximately $170 million as of September 30, 2014, with it also being reasonably possible that Regions could incur no losses in excess of amounts accrued. As available information changes, the matters for which Regions is able to estimate, as well as the estimates themselves will be adjusted accordingly. The reasonably possible estimate includes legal contingencies that are subject to the indemnification agreement with Raymond James. | ||||||||
Assessments of litigation and claims exposure are difficult because they involve inherently unpredictable factors including, but not limited to, the following: whether the proceeding is in the early stages; whether damages are unspecified, unsupported, or uncertain; whether there is a potential for punitive or other pecuniary damages; whether the matter involves legal uncertainties, including novel issues of law; whether the matter involves multiple parties and/or jurisdictions; whether discovery has begun or is not complete; whether meaningful settlement discussions have commenced; and whether the lawsuit involves class allegations. Assessments of class action litigation, which is generally more complex than other types of litigation, are particularly difficult, especially in the early stages of the proceeding when it is not known if a class will be certified or how a potential class, if certified, will be defined. As a result, Regions may be unable to estimate reasonably possible losses with respect to some of the matters disclosed below, and the aggregated estimated amount provided above may not include an estimate for every matter disclosed below. | ||||||||
Beginning in December 2007, Regions and certain of its affiliates were named in class-action lawsuits filed in federal and state courts on behalf of investors who purchased shares of certain Regions Morgan Keegan Select Funds (the “Funds”) and stockholders of Regions. These cases have been consolidated into class-actions and stockholder derivative actions for the open-end and closed-end Funds. The Funds were formerly managed by Regions Investment Management, Inc. (“Regions Investment Management”). Regions Investment Management no longer manages these Funds, which were transferred to Hyperion Brookfield Asset Management (“Hyperion”) in 2008. Certain of the Funds have since been terminated by Hyperion. The complaints contain various allegations, including claims that the Funds and the defendants misrepresented or failed to disclose material facts relating to the activities of the Funds. Plaintiffs have requested equitable relief and unspecified monetary damages. Settlement discussions are ongoing in certain cases, and the U.S. District Court for the Western District of Tennessee has granted final approval of a settlement in the closed-end Funds class-action and shareholder derivative case as well as preliminary approval of a settlement in a consolidated class action under the Employment Retirement Income Security Act. Certain of the shareholders in these Funds and other interested parties have entered into arbitration proceedings and individual civil claims, in lieu of participating in the class actions. These lawsuits and proceedings are subject to the indemnification agreement with Raymond James discussed above. | ||||||||
In October 2010, a purported class-action lawsuit was filed by Regions’ stockholders in the U.S. District Court for the Northern District of Alabama (the “District Court”) against Regions and certain former officers of Regions (the "2010 Claim"). The 2010 Claim alleges violations of the federal securities laws, including allegations that materially false and misleading statements were included in filings made with the Securities and Exchange Commission ("SEC"). The plaintiffs have requested equitable relief and unspecified monetary damages. In June 2011, the trial court denied Regions’ motion to dismiss the 2010 Claim. In June 2012, the trial court granted class certification. The Eleventh Circuit Court of Appeals on September 5, 2014, vacated certification in part and remanded the 2010 Claim to District Court for further review of the class certification issue. | ||||||||
In July 2006, Morgan Keegan and a former Morgan Keegan analyst were named as defendants in a lawsuit filed by a Canadian insurance and financial services company and its American subsidiary in the Circuit Court of Morris County, New Jersey. Plaintiffs alleged claims under a civil Racketeer Influenced and Corrupt Organizations (“RICO”) statute and claims for commercial disparagement, tortious interference with contractual relationships, tortious interference with prospective economic advantage and common law conspiracy. Plaintiffs allege that defendants engaged in a multi-year conspiracy to publish and disseminate false and defamatory information about plaintiffs to improperly drive down plaintiffs’ stock price, so that others could profit from short positions. Plaintiffs allege that defendants’ actions damaged their reputations and harmed their business relationships. Plaintiffs seek monetary damages for a number of categories of alleged damages, including lost insurance business, lost financings and increased financing costs, increased audit fees and directors and officers insurance premiums and lost acquisitions. In September 2012, the trial court dismissed the case with prejudice. Plaintiffs have filed an appeal. This matter is subject to the indemnification agreement with Raymond James. | ||||||||
The SEC and states of Missouri and Texas are investigating alleged securities law violations by Morgan Keegan in the underwriting and sale of certain municipal bonds. An enforcement action brought by the Missouri Secretary of State in April 2013, seeking monetary penalties and other relief, was dismissed and refiled in November 2013. A civil action was brought by institutional investors of the bonds in March 2012, seeking a return of their investment and unspecified compensatory and punitive damages. Trial of this case is currently set for March 2015 in the Circuit Court for Cole County, Missouri. A class action was brought on behalf of retail purchasers of the bonds in September 2012, seeking unspecified compensatory and punitive damages. In September 2014, the District Court for the Western District of Missouri granted class certification. The trial date which was originally set for September 2014 has been postponed and a new date has not been scheduled at this time. Other individual investors and investor groups have also filed arbitration claims or separate civil claims, which are pending in various stages. These matters are subject to the indemnification agreement with Raymond James. | ||||||||
Regions is involved in formal and informal information-gathering requests, investigations, reviews, examinations and proceedings by various governmental regulatory agencies, law enforcement authorities and self-regulatory bodies regarding Regions’ business, Regions' business practices and policies and the conduct of persons with whom Regions does business. Additional inquiries will arise from time to time. In connection with those inquiries, Regions receives document requests, subpoenas and other requests for information. The inquiries, including those described below, could develop into administrative, civil or criminal proceedings or enforcement actions that could result in consequences that have a material effect on Regions' consolidated financial position, results of operations or cash flows as a whole. Such consequences could include adverse judgments, findings, settlements, penalties, fines, orders, injunctions, restitution, or alterations in our business practices, and could result in additional expenses and collateral costs, including reputational damage. | ||||||||
In 2013, Regions received investigative requests from government agencies regarding its residential mortgage loan origination, underwriting and quality control practices for Federal Housing Administration insured loans made by Regions. More recently, in September 2014, Regions received an investigative request from the Office of Inspector General of the Federal Housing Finance Agency regarding its residential mortgage loan origination, underwriting and quality control practices for loans Regions sold to Fannie Mae and Freddie Mac. These inquiries are part of industry-wide investigations, and Regions is cooperating with the inquiries. Many institutions have settled these matters on terms that included large monetary penalties, including, in some cases, civil money penalties under applicable banking laws. The Company cannot predict the ultimate outcome of the investigations concerning its practices, however it is possible that these investigations could result in the payment of a monetary penalty which may adversely affect results of operations. | ||||||||
While the final outcome of litigation and claims exposures or of any inquiries is inherently unpredictable, management is currently of the opinion that the outcome of pending and threatened litigation and inquiries will not have a material effect on Regions’ business, consolidated financial position, results of operations or cash flows as a whole. However, in the event of unexpected future developments, it is reasonably possible that an adverse outcome in any of the matters discussed above could be material to Regions’ business, consolidated financial position, results of operations or cash flows for any particular reporting period of occurrence. | ||||||||
GUARANTEES | ||||||||
INDEMNIFICATION OBLIGATION | ||||||||
As discussed in Note 2, on April 2, 2012 (“Closing Date”), Regions closed the sale of Morgan Keegan and related affiliates to Raymond James. In connection with the sale, Regions agreed to indemnify Raymond James for all legal matters related to pre-closing activities, including matters filed subsequent to the Closing Date that relate to actions that occurred prior to closing. Losses under the indemnification include legal and other expenses, such as costs for judgments, settlements and awards associated with the defense and resolution of the indemnified matters. The maximum potential amount of future payments that Regions could be required to make under the indemnification is indeterminable due to the indefinite term of some of the obligations. However, Regions expects the majority of ongoing legal matters to be resolved within approximately two years. | ||||||||
As of the Closing Date, the fair value of the indemnification obligation, which includes defense costs and unasserted claims, was approximately $385 million, of which approximately $256 million was recognized as a reduction to the gain on sale of Morgan Keegan. The fair value was determined through the use of a present value calculation that takes into account the future cash flows that a market participant would expect to receive from holding the indemnification liability as an asset. Regions performed a probability-weighted cash flow analysis and discounted the result at a credit-adjusted risk free rate. The fair value of the indemnification liability includes amounts that Regions had previously determined meet the definition of probable and reasonably estimable. Adjustments to the indemnification obligation are recorded within professional and legal expenses within discontinued operations (see Note 2). As of September 30, 2014, the carrying value of the indemnification obligation was approximately $208 million. | ||||||||
VISA INDEMNIFICATION | ||||||||
As a member of the Visa USA network, Regions, along with other members, indemnified Visa USA against litigation. On October 3, 2007, Visa USA was restructured and acquired several Visa affiliates. In conjunction with this restructuring, Regions' indemnification of Visa USA was modified to cover specific litigation (“covered litigation”). | ||||||||
A portion of Visa's proceeds from its initial public offering ("IPO") was escrowed to fund the covered litigation. During the first quarter of 2013, Visa made a settlement payment related to the covered litigation which reduced Regions' share of the escrow account to approximately zero at March 31, 2013. Regions made a corresponding adjustment to reduce its liability to approximately zero at March 31, 2013. The balances related to the escrow and the corresponding liability are approximately zero as of September 30, 2014. To the extent that the amount available under the escrow arrangement, or subsequent fundings of the escrow account via reductions in the class B share conversion ratio, is insufficient to fully resolve the covered litigation, Visa will enforce the indemnification obligations of Visa USA's members for any excess amount. At this time, Regions has concluded that it is not probable that covered litigation exposure will exceed the class B share value. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Recent Accounting Pronouncements | ' |
RECENT ACCOUNTING PRONOUNCEMENTS | |
In July 2013, the Financial Accounting Standards Board ("FASB") issued final guidance on the presentation of certain unrecognized tax benefits in the financial statements. This guidance requires unrecognized tax benefits to be presented as a decrease in a deferred tax asset for a net operating loss carryforward, similar tax loss or tax credit carryforward if certain criteria are met. In situations in which a net operating loss carryforward, a similar tax loss or tax credit carryforward is not available at the reporting date under the tax law of the jurisdiction or the tax law of the jurisdiction does not require, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit will be presented in the financial statements as a liability and will not be combined with deferred tax assets. This guidance became effective for fiscal years and interim periods within those years beginning after December 15, 2013 and was adopted by Regions on a prospective basis with the first quarter of 2014 financial reporting. The guidance did not have a material impact upon adoption. | |
In January 2014, the FASB issued new accounting guidance related to the accounting for investments in qualified affordable housing projects. The guidance allows the holder of low income housing tax credit ("LIHTC") investments to apply a proportional amortization method that would recognize the cost of the investment as a part of income tax expense, provided that the investment meets certain criteria. The guidance is silent regarding statement of financial position classification. Regions believes it would not be appropriate to classify the investment as a deferred tax asset. The decision to apply the proportional amortization method is an accounting policy election. Entities may also elect to continue to account for these investments using the equity method. The guidance will be applied retrospectively and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption is permitted. Regions is in the process of reviewing the potential impact the adoption of this guidance will have to its consolidated financial statements. | |
In January 2014, the FASB issued new accounting guidance regarding the reclassification of residential real estate collateralized consumer mortgage loans upon foreclosures. The guidance requires reclassification of a consumer mortgage loan to other real estate owned upon obtaining legal title to the residential property, which could occur either through foreclosure or through a deed in lieu of foreclosure or similar legal agreement. The existence of a borrower redemption right will not prevent the lender from reclassifying a loan to other real estate once the lender obtains legal title to the property. In addition, entities are required to disclose the amount of foreclosed residential real estate properties and the recorded investment in residential real estate mortgage loans in the process of foreclosure on both an interim and annual basis. The guidance may be applied prospectively or on a modified retrospective basis in fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. Early adoption is permitted. Regions believes that adoption of this guidance will not have a material impact to its consolidated financial statements. | |
In May 2014, the FASB and the International Accounting Standards Board (“IASB”) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP and International Financial Reporting Standards ("IFRS"). The standard’s core principle is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance may be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initial application recognized at the date of initial application for fiscal years and interim periods within those years beginning after December 15, 2016. Early application is not permitted. Regions is in the process of reviewing the potential impact the adoption of this guidance will have to its consolidated financial statements. | |
In June 2014, the FASB issued new accounting guidance that requires two accounting changes related to the transfer and servicing of repurchase agreements and similar transactions. First, the amendments in the update change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. The amendments in the update also require certain disclosures for transfers of financial assets and repurchase agreements. The accounting changes are effective for fiscal years and interim periods within those years beginning after December 15, 2014. The changes should be applied as a cumulative-effect adjustment to retained earnings at the beginning of the period of adoption. The disclosure of certain transactions accounted for as a sale is required to be presented for fiscal years and interim periods within those years beginning after December 15, 2014 and the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowing is required to be presented for fiscal years beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. Early application is not permitted. Regions is in the process of reviewing the potential impact the adoption of this guidance will have to its consolidated financial statements. | |
In June 2014, the FASB issued new accounting guidance that requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. An entity should apply existing guidance that relates to awards with performance conditions that affect vesting to account for such awards. The guidance may be applied prospectively or retrospectively and is effective for fiscal years and interim periods within those years beginning after December 15, 2015. Early adoption is permitted. This guidance will not have a material impact upon adoption as Regions has no share-based grants with performance targets that could be achieved after the requisite service period. | |
In August 2014, the FASB issued new accounting guidance regarding the classification and measurement of foreclosed mortgage loans that are guaranteed by the government (including loans guaranteed by the FHA and the VA). The guidance addresses diversity in practice by requiring creditors to derecognize the mortgage loan upon foreclosure and to recognize a separate other receivable if the following conditions are met: (a) the government guarantee of the loan is not separable from the loan before foreclosure; (b) upon foreclosure, the creditor has the intent to convey the real estate to the guarantor and to make a claim on the guarantee, and also has the ability to make a recovery under the claim; and (c) claim amounts based on the fair value of the property are fixed upon foreclosure. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The guidance may be applied prospectively or on a modified retrospective basis in fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. The transition method applied should be the same as the transition method applied upon implementation of the new accounting guidance issued in January 2014, described above, regarding the reclassification of residential real estate collateralized consumer mortgage loans upon foreclosures. Early adoption is permitted. Regions believes that adoption of this guidance will not have a material impact to its consolidated financial statements. | |
In August 2014, the FASB issued new accounting guidance to offer a measurement alternative for reporting entities that consolidate a collateralized financing entity ("CFE") in which the financial assets and financial liabilities are measured at fair value, with changes in fair values reflected in earnings. Under the measurement alternative, the reporting entity could elect to measure both the CFE’s financial assets and financial liabilities using the fair value of either the CFE’s financial assets or financial liabilities, whichever is more observable. Regions is in the process of reviewing the potential impact the adoption of this guidance will have to its consolidated financial statements. | |
In August 2014, the FASB issued new accounting guidance that requires management to evaluate whether there are conditions and events that raise substantial doubt about an entity’s ability to continue as a going concern. The guidance is intended to incorporate into GAAP a requirement that management perform a going concern evaluation similar to the auditor’s evaluation required by standards issued by the Public Company Accounting Oversight Board ("PCAOB") and American Institute of Certified Public Accountants ("AICPA"). The guidance is effective for all entities for annual periods ending after December 15, 2016 and for annual and interim periods thereafter. Early application is permitted. Regions believes the adoption of this guidance will not have a material impact upon adoption. | |
Further information related to recent accounting pronouncements and accounting changes adopted by Regions prior to the first quarter of 2014 is included in the Annual Report on Form 10-K for the year ended December 31, 2013. |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Text Block [Abstract] | ' | |||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | ' | |||||||||||||||
The following table represents the condensed results of operations for discontinued operations: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions, except per share data) | ||||||||||||||||
Non-interest income: | ||||||||||||||||
Insurance proceeds | $ | 19 | $ | — | $ | 19 | $ | — | ||||||||
Total non-interest income | 19 | — | 19 | — | ||||||||||||
Non-interest expense: | ||||||||||||||||
Professional and legal expenses | 14 | 3 | (8 | ) | (1 | ) | ||||||||||
Other | — | (2 | ) | 1 | — | |||||||||||
Total non-interest expense | 14 | 1 | (7 | ) | (1 | ) | ||||||||||
Income (loss) from discontinued operations before income taxes | 5 | (1 | ) | 26 | 1 | |||||||||||
Income tax expense (benefit) | 2 | (1 | ) | 10 | — | |||||||||||
Income (loss) from discontinued operations, net of tax | $ | 3 | $ | — | $ | 16 | $ | 1 | ||||||||
Earnings (loss) per common share from discontinued operations: | ||||||||||||||||
Basic | $ | 0 | $ | (0.00 | ) | $ | 0.01 | $ | 0 | |||||||
Diluted | $ | 0 | $ | (0.00 | ) | $ | 0.01 | $ | 0 | |||||||
Securities_Tables
Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||||||
Schedule Of Amortized Cost, Gross Unrealized Gains And Losses, And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity | ' | |||||||||||||||||||||||||||
The amortized cost, gross unrealized gains and losses, and estimated fair value of securities held to maturity and securities available for sale are as follows: | ||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||
Recognized in OCI (1) | Not recognized in OCI | |||||||||||||||||||||||||||
Amortized | Gross Unrealized Gains | Gross Unrealized Losses | Carrying Value | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | |||||||||||||||||||||||||
Gains | Losses | Value | ||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 1 | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||||
Federal agency securities | 351 | — | (13 | ) | 338 | 4 | — | 342 | ||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,745 | — | (74 | ) | 1,671 | 10 | (5 | ) | 1,676 | |||||||||||||||||||
Commercial agency | 219 | — | (7 | ) | 212 | — | (7 | ) | 205 | |||||||||||||||||||
$ | 2,316 | $ | — | $ | (94 | ) | $ | 2,222 | $ | 14 | $ | (12 | ) | $ | 2,224 | |||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 61 | $ | — | $ | — | $ | 61 | $ | 61 | ||||||||||||||||||
Federal agency securities | 68 | 1 | — | 69 | 69 | |||||||||||||||||||||||
Obligations of states and political subdivisions | 3 | — | — | 3 | 3 | |||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 16,362 | 236 | (78 | ) | 16,520 | 16,520 | ||||||||||||||||||||||
Residential non-agency | 8 | 1 | — | 9 | 9 | |||||||||||||||||||||||
Commercial agency | 1,608 | 7 | (12 | ) | 1,603 | 1,603 | ||||||||||||||||||||||
Commercial non-agency | 1,493 | 11 | (16 | ) | 1,488 | 1,488 | ||||||||||||||||||||||
Corporate and other debt securities | 1,973 | 43 | (22 | ) | 1,994 | 1,994 | ||||||||||||||||||||||
Equity securities | 622 | 10 | — | 632 | 632 | |||||||||||||||||||||||
$ | 22,198 | $ | 309 | $ | (128 | ) | $ | 22,379 | $ | 22,379 | ||||||||||||||||||
________ | ||||||||||||||||||||||||||||
(1) The gross unrealized losses recognized in other comprehensive income (OCI) on held to maturity securities resulted from a transfer of available for sale securities to held to maturity in the second quarter of 2013. | ||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||
Recognized in OCI (1) | Not recognized in OCI | |||||||||||||||||||||||||||
Amortized | Gross Unrealized Gains | Gross Unrealized Losses | Carrying Value | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | |||||||||||||||||||||||||
Gains | Losses | Value | ||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 1 | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||||
Federal agency securities | 351 | — | (15 | ) | 336 | — | (3 | ) | 333 | |||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,878 | — | (81 | ) | 1,797 | — | (37 | ) | 1,760 | |||||||||||||||||||
Commercial agency | 227 | — | (8 | ) | 219 | — | (6 | ) | 213 | |||||||||||||||||||
$ | 2,457 | $ | — | $ | (104 | ) | $ | 2,353 | $ | — | $ | (46 | ) | $ | 2,307 | |||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 56 | $ | — | $ | — | $ | 56 | $ | 56 | ||||||||||||||||||
Federal agency securities | 88 | 1 | — | 89 | 89 | |||||||||||||||||||||||
Obligations of states and political subdivisions | 5 | — | — | 5 | 5 | |||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 15,664 | 183 | (170 | ) | 15,677 | 15,677 | ||||||||||||||||||||||
Residential non-agency | 8 | 1 | — | 9 | 9 | |||||||||||||||||||||||
Commercial agency | 947 | 4 | (16 | ) | 935 | 935 | ||||||||||||||||||||||
Commercial non-agency | 1,232 | 12 | (33 | ) | 1,211 | 1,211 | ||||||||||||||||||||||
Corporate and other debt securities | 2,855 | 44 | (72 | ) | 2,827 | 2,827 | ||||||||||||||||||||||
Equity securities | 664 | 12 | — | 676 | 676 | |||||||||||||||||||||||
$ | 21,519 | $ | 257 | $ | (291 | ) | $ | 21,485 | $ | 21,485 | ||||||||||||||||||
_________ | ||||||||||||||||||||||||||||
(1) The gross unrealized losses recognized in other comprehensive income (OCI) on held to maturity securities resulted from a transfer of available for sale securities to held to maturity in the second quarter of 2013. | ||||||||||||||||||||||||||||
Schedule Of Amortized Cost Of Equity Securities Related To Federal Reserve Bank Stock And Federal Home Loan Bank Stock | ' | |||||||||||||||||||||||||||
Equity securities in the tables above included the following amortized cost related to Federal Reserve Bank stock and Federal Home Loan Bank (“FHLB”) stock. Shares in the Federal Reserve Bank and FHLB are accounted for at amortized cost, which approximates fair value. | ||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Federal Reserve Bank | $ | 477 | $ | 472 | ||||||||||||||||||||||||
Federal Home Loan Bank | 16 | 67 | ||||||||||||||||||||||||||
Schedule Of Cost And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity By Contractual Maturity | ' | |||||||||||||||||||||||||||
The amortized cost and estimated fair value of securities available for sale and securities held to maturity at September 30, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||||||||||||
Amortized | Estimated | |||||||||||||||||||||||||||
Cost | Fair Value | |||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
Due in one year or less | $ | 1 | $ | 1 | ||||||||||||||||||||||||
Due after one year through five years | 1 | 1 | ||||||||||||||||||||||||||
Due after five years through ten years | 350 | 341 | ||||||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,745 | 1,676 | ||||||||||||||||||||||||||
Commercial agency | 219 | 205 | ||||||||||||||||||||||||||
$ | 2,316 | $ | 2,224 | |||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
Due in one year or less | $ | 69 | $ | 69 | ||||||||||||||||||||||||
Due after one year through five years | 749 | 764 | ||||||||||||||||||||||||||
Due after five years through ten years | 968 | 968 | ||||||||||||||||||||||||||
Due after ten years | 319 | 326 | ||||||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 16,362 | 16,520 | ||||||||||||||||||||||||||
Residential non-agency | 8 | 9 | ||||||||||||||||||||||||||
Commercial agency | 1,608 | 1,603 | ||||||||||||||||||||||||||
Commercial non-agency | 1,493 | 1,488 | ||||||||||||||||||||||||||
Equity securities | 622 | 632 | ||||||||||||||||||||||||||
$ | 22,198 | $ | 22,379 | |||||||||||||||||||||||||
Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Securities Available For Sale | ' | |||||||||||||||||||||||||||
The following tables present gross unrealized losses and the related estimated fair value of securities available for sale and held to maturity at September 30, 2014 and December 31, 2013. For securities transferred to held to maturity from available for sale, the analysis in the tables below is comparing the securities' original amortized cost to its current estimated fair value. These securities are segregated between investments that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more. | ||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||
Less Than Twelve Months | Twelve Months or More | Total | ||||||||||||||||||||||||||
Estimated | Gross | Estimated | Gross | Estimated | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
Federal agency securities | $ | — | $ | — | $ | 341 | $ | (9 | ) | $ | 341 | $ | (9 | ) | ||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | — | — | 1,674 | (69 | ) | 1,674 | (69 | ) | ||||||||||||||||||||
Commercial agency | — | — | 205 | (14 | ) | 205 | (14 | ) | ||||||||||||||||||||
$ | — | $ | — | $ | 2,220 | $ | (92 | ) | $ | 2,220 | $ | (92 | ) | |||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 14 | $ | — | $ | 5 | $ | — | $ | 19 | $ | — | ||||||||||||||||
Federal agency securities | — | — | 8 | — | 8 | — | ||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 3,288 | (14 | ) | 2,944 | (64 | ) | 6,232 | (78 | ) | |||||||||||||||||||
Residential non-agency | 1 | — | — | — | 1 | — | ||||||||||||||||||||||
Commercial agency | 556 | (4 | ) | 343 | (8 | ) | 899 | (12 | ) | |||||||||||||||||||
Commercial non-agency | 320 | (2 | ) | 565 | (14 | ) | 885 | (16 | ) | |||||||||||||||||||
All other securities | 275 | (2 | ) | 492 | (20 | ) | 767 | (22 | ) | |||||||||||||||||||
$ | 4,454 | $ | (22 | ) | $ | 4,357 | $ | (106 | ) | $ | 8,811 | $ | (128 | ) | ||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||
Less Than Twelve Months | Twelve Months or More | Total | ||||||||||||||||||||||||||
Estimated | Gross | Estimated | Gross | Estimated | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||||||
Federal agency securities | $ | 190 | $ | (9 | ) | $ | 142 | $ | (8 | ) | $ | 332 | $ | (17 | ) | |||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 1,236 | (77 | ) | 521 | (41 | ) | 1,757 | (118 | ) | |||||||||||||||||||
Commercial agency | 212 | (15 | ) | — | — | 212 | (15 | ) | ||||||||||||||||||||
$ | 1,638 | $ | (101 | ) | $ | 663 | $ | (49 | ) | $ | 2,301 | $ | (150 | ) | ||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 15 | $ | — | $ | 1 | $ | — | $ | 16 | $ | — | ||||||||||||||||
Federal agency securities | 3 | — | 9 | — | 12 | — | ||||||||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||||||||||||||
Residential agency | 6,153 | (161 | ) | 270 | (9 | ) | 6,423 | (170 | ) | |||||||||||||||||||
Commercial agency | 610 | (17 | ) | — | — | 610 | (17 | ) | ||||||||||||||||||||
Commercial non-agency | 711 | (30 | ) | 62 | (3 | ) | 773 | (33 | ) | |||||||||||||||||||
All other securities | 1,422 | (58 | ) | 209 | (13 | ) | 1,631 | (71 | ) | |||||||||||||||||||
$ | 8,914 | $ | (266 | ) | $ | 551 | $ | (25 | ) | $ | 9,465 | $ | (291 | ) | ||||||||||||||
Schedule Of Gross Gains And Gross Losses On Available For Sale Securities | ' | |||||||||||||||||||||||||||
Gross realized gains and gross realized losses on sales of securities available for sale, as well as other-than-temporary impairment losses are shown in the table below. The cost of securities sold is based on the specific identification method. | ||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Gross realized gains | $ | 9 | $ | 7 | $ | 25 | $ | 52 | ||||||||||||||||||||
Gross realized losses | (2 | ) | (4 | ) | (8 | ) | (26 | ) | ||||||||||||||||||||
Other-than-temporary-impairment ("OTTI") | — | — | (2 | ) | — | |||||||||||||||||||||||
Securities gains, net | $ | 7 | $ | 3 | $ | 15 | $ | 26 | ||||||||||||||||||||
Loans_and_the_Allowance_for_Cr1
Loans and the Allowance for Credit Losses (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Text Block [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income: | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
(In millions, net of unearned income) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 31,857 | $ | 29,413 | ||||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 8,666 | 9,495 | ||||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 350 | 310 | ||||||||||||||||||||||||||||||
Total commercial | 40,873 | 39,218 | ||||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 4,940 | 5,318 | ||||||||||||||||||||||||||||||
Commercial investor real estate construction | 1,878 | 1,432 | ||||||||||||||||||||||||||||||
Total investor real estate | 6,818 | 6,750 | ||||||||||||||||||||||||||||||
Residential first mortgage | 12,264 | 12,163 | ||||||||||||||||||||||||||||||
Home equity | 10,968 | 11,294 | ||||||||||||||||||||||||||||||
Indirect | 3,543 | 3,075 | ||||||||||||||||||||||||||||||
Consumer credit card | 964 | 948 | ||||||||||||||||||||||||||||||
Other consumer | 1,177 | 1,161 | ||||||||||||||||||||||||||||||
Total consumer | 28,916 | 28,641 | ||||||||||||||||||||||||||||||
$ | 76,607 | $ | 74,609 | |||||||||||||||||||||||||||||
Analysis of the Allowance for Credit Losses by Portfolio Segment [Table Text Block] | ' | |||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, July 1, 2014 | $ | 705 | $ | 190 | $ | 334 | $ | 1,229 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 18 | (23 | ) | 29 | 24 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (49 | ) | (5 | ) | (66 | ) | (120 | ) | ||||||||||||||||||||||||
Recoveries | 21 | 6 | 18 | 45 | ||||||||||||||||||||||||||||
Net loan losses | (28 | ) | 1 | (48 | ) | (75 | ) | |||||||||||||||||||||||||
Allowance for loan losses, September 30, 2014 | 695 | 168 | 315 | 1,178 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, July 1, 2014 | $ | 74 | $ | 12 | $ | 3 | $ | 89 | ||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | (21 | ) | (3 | ) | — | (24 | ) | |||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2014 | 53 | 9 | 3 | 65 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2014 | $ | 748 | $ | 177 | $ | 318 | $ | 1,243 | ||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, July 1, 2013 | $ | 764 | $ | 342 | $ | 530 | $ | 1,636 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 29 | (37 | ) | 26 | 18 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (54 | ) | (13 | ) | (89 | ) | (156 | ) | ||||||||||||||||||||||||
Recoveries | 17 | 8 | 17 | 42 | ||||||||||||||||||||||||||||
Net loan losses | (37 | ) | (5 | ) | (72 | ) | (114 | ) | ||||||||||||||||||||||||
Allowance for loan losses, September 30, 2013 | 756 | 300 | 484 | 1,540 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, July 1, 2013 | $ | 60 | $ | 9 | $ | 4 | $ | 73 | ||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | 3 | (1 | ) | (1 | ) | 1 | ||||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2013 | 63 | 8 | 3 | 74 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2013 | $ | 819 | $ | 308 | $ | 487 | $ | 1,614 | ||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2014 | $ | 711 | $ | 236 | $ | 394 | $ | 1,341 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 62 | (68 | ) | 67 | 61 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (130 | ) | (21 | ) | (203 | ) | (354 | ) | ||||||||||||||||||||||||
Recoveries | 52 | 21 | 57 | 130 | ||||||||||||||||||||||||||||
Net loan losses | (78 | ) | — | (146 | ) | (224 | ) | |||||||||||||||||||||||||
Allowance for loan losses, September 30, 2014 | 695 | 168 | 315 | 1,178 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, January 1, 2014 | 63 | 12 | 3 | 78 | ||||||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | (10 | ) | (3 | ) | — | (13 | ) | |||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2014 | 53 | 9 | 3 | 65 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2014 | $ | 748 | $ | 177 | $ | 318 | $ | 1,243 | ||||||||||||||||||||||||
Portion of ending allowance for loan losses: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 204 | $ | 80 | $ | 79 | $ | 363 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 491 | 88 | 236 | 815 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 695 | $ | 168 | $ | 315 | $ | 1,178 | ||||||||||||||||||||||||
Portion of loan portfolio ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 758 | $ | 466 | $ | 849 | $ | 2,073 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 40,115 | 6,352 | 28,067 | 74,534 | ||||||||||||||||||||||||||||
Total loans evaluated for impairment | $ | 40,873 | $ | 6,818 | $ | 28,916 | $ | 76,607 | ||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Commercial | Investor Real | Consumer | Total | |||||||||||||||||||||||||||||
Estate | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2013 | $ | 847 | $ | 469 | $ | 603 | $ | 1,919 | ||||||||||||||||||||||||
Provision (credit) for loan losses | 86 | (136 | ) | 109 | 59 | |||||||||||||||||||||||||||
Loan losses: | ||||||||||||||||||||||||||||||||
Charge-offs | (230 | ) | (59 | ) | (281 | ) | (570 | ) | ||||||||||||||||||||||||
Recoveries | 53 | 26 | 53 | 132 | ||||||||||||||||||||||||||||
Net loan losses | (177 | ) | (33 | ) | (228 | ) | (438 | ) | ||||||||||||||||||||||||
Allowance for loan losses, September 30, 2013 | 756 | 300 | 484 | 1,540 | ||||||||||||||||||||||||||||
Reserve for unfunded credit commitments, January 1, 2013 | 69 | 10 | 4 | 83 | ||||||||||||||||||||||||||||
Provision (credit) for unfunded credit losses | (6 | ) | (2 | ) | (1 | ) | (9 | ) | ||||||||||||||||||||||||
Reserve for unfunded credit commitments, September 30, 2013 | 63 | 8 | 3 | 74 | ||||||||||||||||||||||||||||
Allowance for credit losses, September 30, 2013 | $ | 819 | $ | 308 | $ | 487 | $ | 1,614 | ||||||||||||||||||||||||
Portion of ending allowance for loan losses: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 261 | $ | 159 | $ | 162 | $ | 582 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 495 | 141 | 322 | 958 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 756 | $ | 300 | $ | 484 | $ | 1,540 | ||||||||||||||||||||||||
Portion of loan portfolio ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,184 | $ | 1,006 | $ | 1,589 | $ | 3,779 | ||||||||||||||||||||||||
Collectively evaluated for impairment | 38,622 | 5,924 | 27,567 | 72,113 | ||||||||||||||||||||||||||||
Total loans evaluated for impairment | $ | 39,806 | $ | 6,930 | $ | 29,156 | $ | 75,892 | ||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | |||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Non-accrual | Total | ||||||||||||||||||||||||||||
Accrual | ||||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 30,449 | $ | 742 | $ | 467 | $ | 199 | $ | 31,857 | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 7,750 | 292 | 346 | 278 | 8,666 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 339 | 6 | 3 | 2 | 350 | |||||||||||||||||||||||||||
Total commercial | $ | 38,538 | $ | 1,040 | $ | 816 | $ | 479 | $ | 40,873 | ||||||||||||||||||||||
Commercial investor real estate mortgage | $ | 4,369 | $ | 229 | $ | 209 | $ | 133 | $ | 4,940 | ||||||||||||||||||||||
Commercial investor real estate construction | 1,799 | 28 | 49 | 2 | 1,878 | |||||||||||||||||||||||||||
Total investor real estate | $ | 6,168 | $ | 257 | $ | 258 | $ | 135 | $ | 6,818 | ||||||||||||||||||||||
Accrual | Non-accrual | Total | ||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Residential first mortgage | $ | 12,147 | $ | 117 | $ | 12,264 | ||||||||||||||||||||||||||
Home equity | 10,862 | 106 | 10,968 | |||||||||||||||||||||||||||||
Indirect | 3,543 | — | 3,543 | |||||||||||||||||||||||||||||
Consumer credit card | 964 | — | 964 | |||||||||||||||||||||||||||||
Other consumer | 1,177 | — | 1,177 | |||||||||||||||||||||||||||||
Total consumer | $ | 28,693 | $ | 223 | $ | 28,916 | ||||||||||||||||||||||||||
$ | 76,607 | |||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
Pass | Special | Substandard | Non-accrual | Total | ||||||||||||||||||||||||||||
Mention | Accrual | |||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 28,282 | $ | 395 | $ | 479 | $ | 257 | $ | 29,413 | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 8,593 | 191 | 408 | 303 | 9,495 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 264 | 25 | 4 | 17 | 310 | |||||||||||||||||||||||||||
Total commercial | $ | 37,139 | $ | 611 | $ | 891 | $ | 577 | $ | 39,218 | ||||||||||||||||||||||
Commercial investor real estate mortgage | $ | 4,479 | $ | 269 | $ | 332 | $ | 238 | $ | 5,318 | ||||||||||||||||||||||
Commercial investor real estate construction | 1,335 | 47 | 40 | 10 | 1,432 | |||||||||||||||||||||||||||
Total investor real estate | $ | 5,814 | $ | 316 | $ | 372 | $ | 248 | $ | 6,750 | ||||||||||||||||||||||
Accrual | Non-accrual | Total | ||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Residential first mortgage | $ | 12,017 | $ | 146 | $ | 12,163 | ||||||||||||||||||||||||||
Home equity | 11,183 | 111 | 11,294 | |||||||||||||||||||||||||||||
Indirect | 3,075 | — | 3,075 | |||||||||||||||||||||||||||||
Consumer credit card | 948 | — | 948 | |||||||||||||||||||||||||||||
Other consumer | 1,161 | — | 1,161 | |||||||||||||||||||||||||||||
Total consumer | $ | 28,384 | $ | 257 | $ | 28,641 | ||||||||||||||||||||||||||
$ | 74,609 | |||||||||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following tables include an aging analysis of days past due (DPD) for each portfolio segment and class as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
Accrual Loans | ||||||||||||||||||||||||||||||||
30-59 DPD | 60-89 DPD | 90+ DPD | Total | Total | Non-accrual | Total | ||||||||||||||||||||||||||
30+ DPD | Accrual | |||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 16 | $ | 41 | $ | 5 | $ | 62 | $ | 31,658 | $ | 199 | $ | 31,857 | ||||||||||||||||||
Commercial real estate | 26 | 12 | 6 | 44 | 8,388 | 278 | 8,666 | |||||||||||||||||||||||||
mortgage—owner-occupied | ||||||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 2 | — | — | 2 | 348 | 2 | 350 | |||||||||||||||||||||||||
Total commercial | 44 | 53 | 11 | 108 | 40,394 | 479 | 40,873 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 16 | 22 | 5 | 43 | 4,807 | 133 | 4,940 | |||||||||||||||||||||||||
Commercial investor real estate construction | 10 | 2 | — | 12 | 1,876 | 2 | 1,878 | |||||||||||||||||||||||||
Total investor real estate | 26 | 24 | 5 | 55 | 6,683 | 135 | 6,818 | |||||||||||||||||||||||||
Residential first mortgage | 101 | 62 | 252 | 415 | 12,147 | 117 | 12,264 | |||||||||||||||||||||||||
Home equity | 73 | 42 | 66 | 181 | 10,862 | 106 | 10,968 | |||||||||||||||||||||||||
Indirect | 38 | 9 | 6 | 53 | 3,543 | — | 3,543 | |||||||||||||||||||||||||
Consumer credit card | 8 | 5 | 11 | 24 | 964 | — | 964 | |||||||||||||||||||||||||
Other consumer | 15 | 3 | 3 | 21 | 1,177 | — | 1,177 | |||||||||||||||||||||||||
Total consumer | 235 | 121 | 338 | 694 | 28,693 | 223 | 28,916 | |||||||||||||||||||||||||
$ | 305 | $ | 198 | $ | 354 | $ | 857 | $ | 75,770 | $ | 837 | $ | 76,607 | |||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
Accrual Loans | ||||||||||||||||||||||||||||||||
30-59 DPD | 60-89 DPD | 90+ DPD | Total | Total | Non-accrual | Total | ||||||||||||||||||||||||||
30+ DPD | Accrual | |||||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 29 | $ | 14 | $ | 6 | $ | 49 | $ | 29,156 | $ | 257 | $ | 29,413 | ||||||||||||||||||
Commercial real estate | 30 | 26 | 6 | 62 | 9,192 | 303 | 9,495 | |||||||||||||||||||||||||
mortgage—owner-occupied | ||||||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | — | — | — | — | 293 | 17 | 310 | |||||||||||||||||||||||||
Total commercial | 59 | 40 | 12 | 111 | 38,641 | 577 | 39,218 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 29 | 6 | 6 | 41 | 5,080 | 238 | 5,318 | |||||||||||||||||||||||||
Commercial investor real estate construction | 4 | 1 | — | 5 | 1,422 | 10 | 1,432 | |||||||||||||||||||||||||
Total investor real estate | 33 | 7 | 6 | 46 | 6,502 | 248 | 6,750 | |||||||||||||||||||||||||
Residential first mortgage | 130 | 74 | 248 | 452 | 12,017 | 146 | 12,163 | |||||||||||||||||||||||||
Home equity | 95 | 51 | 75 | 221 | 11,183 | 111 | 11,294 | |||||||||||||||||||||||||
Indirect | 39 | 11 | 5 | 55 | 3,075 | — | 3,075 | |||||||||||||||||||||||||
Consumer credit card | 8 | 5 | 12 | 25 | 948 | — | 948 | |||||||||||||||||||||||||
Other consumer | 14 | 5 | 4 | 23 | 1,161 | — | 1,161 | |||||||||||||||||||||||||
Total consumer | 286 | 146 | 344 | 776 | 28,384 | 257 | 28,641 | |||||||||||||||||||||||||
$ | 378 | $ | 193 | $ | 362 | $ | 933 | $ | 73,527 | $ | 1,082 | $ | 74,609 | |||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following tables present details related to the Company’s impaired loans as of September 30, 2014 and December 31, 2013. Loans deemed to be impaired include all TDRs and all non-accrual commercial and investor real estate loans (including those less than $2.5 million), excluding leases. Loans which have been fully charged-off do not appear in the tables below. | ||||||||||||||||||||||||||||||||
Non-accrual Impaired Loans As of September 30, 2014 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans on | Loans on | Allowance | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans on | Non-accrual | Non-accrual | for Loan | |||||||||||||||||||||||||||
Non-accrual | Status with | Status with | Losses | |||||||||||||||||||||||||||||
Status | No Related | Related | ||||||||||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 238 | $ | 51 | $ | 187 | $ | 18 | $ | 169 | $ | 72 | 51.7 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 310 | 32 | 278 | 42 | 236 | 87 | 38.4 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 2 | — | 2 | — | 2 | 1 | 50 | |||||||||||||||||||||||||
Total commercial | 550 | 83 | 467 | 60 | 407 | 160 | 44.2 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 177 | 44 | 133 | 13 | 120 | 36 | 45.2 | |||||||||||||||||||||||||
Commercial investor real estate construction | 10 | 8 | 2 | — | 2 | 1 | 90 | |||||||||||||||||||||||||
Total investor real estate | 187 | 52 | 135 | 13 | 122 | 37 | 47.6 | |||||||||||||||||||||||||
Residential first mortgage | 88 | 27 | 61 | — | 61 | 8 | 39.8 | |||||||||||||||||||||||||
Home equity | 24 | 7 | 17 | — | 17 | 1 | 33.3 | |||||||||||||||||||||||||
Total consumer | 112 | 34 | 78 | — | 78 | 9 | 38.4 | |||||||||||||||||||||||||
$ | 849 | $ | 169 | $ | 680 | $ | 73 | $ | 607 | $ | 206 | 44.2 | % | |||||||||||||||||||
Accruing Impaired Loans As of September 30, 2014 | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Book Value(3) | Related | Coverage %(4) | ||||||||||||||||||||||||||||
Principal | and Payments | Allowance for | ||||||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loan Losses | ||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 102 | $ | 3 | $ | 99 | $ | 21 | 23.5 | % | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 177 | 8 | 169 | 22 | 16.9 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 23 | — | 23 | 1 | 4.3 | |||||||||||||||||||||||||||
Total commercial | 302 | 11 | 291 | 44 | 18.2 | |||||||||||||||||||||||||||
Commercial investor real estate mortgage | 298 | 10 | 288 | 35 | 15.1 | |||||||||||||||||||||||||||
Commercial investor real estate construction | 43 | — | 43 | 8 | 18.6 | |||||||||||||||||||||||||||
Total investor real estate | 341 | 10 | 331 | 43 | 15.5 | |||||||||||||||||||||||||||
Residential first mortgage | 399 | 8 | 391 | 55 | 15.8 | |||||||||||||||||||||||||||
Home equity | 365 | 6 | 359 | 15 | 5.8 | |||||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | — | |||||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | — | |||||||||||||||||||||||||||
Other consumer | 18 | — | 18 | — | — | |||||||||||||||||||||||||||
Total consumer | 785 | 14 | 771 | 70 | 10.7 | |||||||||||||||||||||||||||
$ | 1,428 | $ | 35 | $ | 1,393 | $ | 157 | 13.4 | % | |||||||||||||||||||||||
Total Impaired Loans As of September 30, 2014 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans with No | Loans with | Allowance | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans | Related | Related | for Loan | |||||||||||||||||||||||||||
Allowance | Allowance | Losses | ||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 340 | $ | 54 | $ | 286 | $ | 18 | $ | 268 | $ | 93 | 43.2 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 487 | 40 | 447 | 42 | 405 | 109 | 30.6 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 25 | — | 25 | — | 25 | 2 | 8 | |||||||||||||||||||||||||
Total commercial | 852 | 94 | 758 | 60 | 698 | 204 | 35 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 475 | 54 | 421 | 13 | 408 | 71 | 26.3 | |||||||||||||||||||||||||
Commercial investor real estate construction | 53 | 8 | 45 | — | 45 | 9 | 32.1 | |||||||||||||||||||||||||
Total investor real estate | 528 | 62 | 466 | 13 | 453 | 80 | 26.9 | |||||||||||||||||||||||||
Residential first mortgage | 487 | 35 | 452 | — | 452 | 63 | 20.1 | |||||||||||||||||||||||||
Home equity | 389 | 13 | 376 | — | 376 | 16 | 7.5 | |||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | 1 | — | — | |||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | 2 | — | — | |||||||||||||||||||||||||
Other consumer | 18 | — | 18 | — | 18 | — | — | |||||||||||||||||||||||||
Total consumer | 897 | 48 | 849 | — | 849 | 79 | 14.2 | |||||||||||||||||||||||||
$ | 2,277 | $ | 204 | $ | 2,073 | $ | 73 | $ | 2,000 | $ | 363 | 24.9 | % | |||||||||||||||||||
_________ | ||||||||||||||||||||||||||||||||
-1 | Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied. | |||||||||||||||||||||||||||||||
-2 | Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance. | |||||||||||||||||||||||||||||||
-3 | Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses. | |||||||||||||||||||||||||||||||
-4 | Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance. | |||||||||||||||||||||||||||||||
Non-accrual Impaired Loans As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans on | Loans on | Allowance | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans on | Non-accrual | Non-accrual | for Loan | |||||||||||||||||||||||||||
Non-accrual | Status with | Status with | Losses | |||||||||||||||||||||||||||||
Status | No Related | Related | ||||||||||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 280 | $ | 48 | $ | 232 | $ | 45 | $ | 187 | $ | 72 | 42.9 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 343 | 40 | 303 | 54 | 249 | 92 | 38.5 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 17 | — | 17 | — | 17 | 8 | 47.1 | |||||||||||||||||||||||||
Total commercial | 640 | 88 | 552 | 99 | 453 | 172 | 40.6 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 306 | 68 | 238 | 17 | 221 | 68 | 44.4 | |||||||||||||||||||||||||
Commercial investor real estate construction | 15 | 5 | 10 | — | 10 | 3 | 53.3 | |||||||||||||||||||||||||
Total investor real estate | 321 | 73 | 248 | 17 | 231 | 71 | 44.9 | |||||||||||||||||||||||||
Residential first mortgage | 112 | 37 | 75 | — | 75 | 12 | 43.8 | |||||||||||||||||||||||||
Home equity | 17 | — | 17 | — | 17 | 1 | 5.9 | |||||||||||||||||||||||||
Total consumer | 129 | 37 | 92 | — | 92 | 13 | 38.8 | |||||||||||||||||||||||||
$ | 1,090 | $ | 198 | $ | 892 | $ | 116 | $ | 776 | $ | 256 | 41.7 | % | |||||||||||||||||||
Accruing Impaired Loans As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Book Value(3) | Related | Coverage %(4) | ||||||||||||||||||||||||||||
Principal | and Payments | Allowance for | ||||||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loan Losses | ||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 245 | $ | 2 | $ | 243 | $ | 34 | 14.7 | % | ||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 209 | 7 | 202 | 23 | 14.4 | |||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 25 | — | 25 | 1 | 4 | |||||||||||||||||||||||||||
Total commercial | 479 | 9 | 470 | 58 | 14 | |||||||||||||||||||||||||||
Commercial investor real estate mortgage | 435 | 11 | 424 | 39 | 11.5 | |||||||||||||||||||||||||||
Commercial investor real estate construction | 89 | — | 89 | 8 | 9 | |||||||||||||||||||||||||||
Total investor real estate | 524 | 11 | 513 | 47 | 11.1 | |||||||||||||||||||||||||||
Residential first mortgage | 397 | 8 | 389 | 60 | 17.1 | |||||||||||||||||||||||||||
Home equity | 373 | — | 373 | 24 | 6.4 | |||||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | — | |||||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | — | |||||||||||||||||||||||||||
Other consumer | 26 | — | 26 | 1 | 3.8 | |||||||||||||||||||||||||||
Total consumer | 799 | 8 | 791 | 85 | 11.6 | |||||||||||||||||||||||||||
$ | 1,802 | $ | 28 | $ | 1,774 | $ | 190 | 12.1 | % | |||||||||||||||||||||||
Total Impaired Loans As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Book Value(3) | ||||||||||||||||||||||||||||||||
Unpaid | Charge-offs | Total | Impaired | Impaired | Related | Coverage %(4) | ||||||||||||||||||||||||||
Principal | and Payments | Impaired | Loans with No | Loans with | Allowance for | |||||||||||||||||||||||||||
Balance(1) | Applied(2) | Loans | Related | Related | Loan Losses | |||||||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 525 | $ | 50 | $ | 475 | $ | 45 | $ | 430 | $ | 106 | 29.7 | % | ||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 552 | 47 | 505 | 54 | 451 | 115 | 29.3 | |||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 42 | — | 42 | — | 42 | 9 | 21.4 | |||||||||||||||||||||||||
Total commercial | 1,119 | 97 | 1,022 | 99 | 923 | 230 | 29.2 | |||||||||||||||||||||||||
Commercial investor real estate mortgage | 741 | 79 | 662 | 17 | 645 | 107 | 25.1 | |||||||||||||||||||||||||
Commercial investor real estate construction | 104 | 5 | 99 | — | 99 | 11 | 15.4 | |||||||||||||||||||||||||
Total investor real estate | 845 | 84 | 761 | 17 | 744 | 118 | 23.9 | |||||||||||||||||||||||||
Residential first mortgage | 509 | 45 | 464 | — | 464 | 72 | 23 | |||||||||||||||||||||||||
Home equity | 390 | — | 390 | — | 390 | 25 | 6.4 | |||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | 1 | — | — | |||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | 2 | — | — | |||||||||||||||||||||||||
Other consumer | 26 | — | 26 | — | 26 | 1 | 3.8 | |||||||||||||||||||||||||
Total consumer | 928 | 45 | 883 | — | 883 | 98 | 15.4 | |||||||||||||||||||||||||
$ | 2,892 | $ | 226 | $ | 2,666 | $ | 116 | $ | 2,550 | $ | 446 | 23.2 | % | |||||||||||||||||||
________ | ||||||||||||||||||||||||||||||||
-1 | Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied. | |||||||||||||||||||||||||||||||
-2 | Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance. | |||||||||||||||||||||||||||||||
-3 | Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses. | |||||||||||||||||||||||||||||||
-4 | Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance. | |||||||||||||||||||||||||||||||
The following table presents the average balances of total impaired loans and interest income for the three and nine months ended September 30, 2014 and 2013. Interest income recognized represents interest on accruing loans modified in a TDR. TDRs are considered impaired loans. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Balance | Income | Balance | Income | Balance | Income | Balance | Income | |||||||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | |||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 296 | $ | 2 | $ | 636 | $ | 4 | $ | 382 | $ | 7 | $ | 649 | $ | 10 | ||||||||||||||||
Commercial real estate mortgage—owner-occupied | 464 | 2 | 551 | 2 | 491 | 9 | 598 | 8 | ||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 30 | 1 | 40 | — | 36 | 1 | 38 | 1 | ||||||||||||||||||||||||
Total commercial | 790 | 5 | 1,227 | 6 | 909 | 17 | 1,285 | 19 | ||||||||||||||||||||||||
Commercial investor real estate mortgage | 446 | 4 | 940 | 7 | 532 | 18 | 1,071 | 24 | ||||||||||||||||||||||||
Commercial investor real estate construction | 44 | — | 108 | 1 | 68 | 2 | 121 | 5 | ||||||||||||||||||||||||
Total investor real estate | 490 | 4 | 1,048 | 8 | 600 | 20 | 1,192 | 29 | ||||||||||||||||||||||||
Residential first mortgage | 451 | 3 | 1,163 | 9 | 454 | 10 | 1,176 | 28 | ||||||||||||||||||||||||
Home equity | 379 | 5 | 401 | 5 | 383 | 15 | 411 | 16 | ||||||||||||||||||||||||
Indirect | 1 | — | 1 | — | 1 | — | 1 | — | ||||||||||||||||||||||||
Consumer credit card | 2 | — | 2 | — | 2 | — | 1 | — | ||||||||||||||||||||||||
Other consumer | 19 | — | 30 | 1 | 22 | 1 | 34 | 2 | ||||||||||||||||||||||||
Total consumer | 852 | 8 | 1,597 | 15 | 862 | 26 | 1,623 | 46 | ||||||||||||||||||||||||
Total impaired loans | $ | 2,132 | $ | 17 | $ | 3,872 | $ | 29 | $ | 2,371 | $ | 63 | $ | 4,100 | $ | 94 | ||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following tables present the end of period balance for loans modified in a TDR during the periods presented by portfolio segment and class, and the financial impact of those modifications. The tables include modifications made to new TDRs, as well as renewals of existing TDRs. The end of period balance, for the period in which it was added, of total loans first reported as new TDRs totaled approximately $316 million and $607 million for the nine months ended September 30, 2014 and 2013, respectively. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 67 | $ | 72 | $ | 2 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 61 | 49 | 1 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | — | — | — | |||||||||||||||||||||||||||||
Total commercial | 128 | 121 | 3 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 43 | 66 | 1 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 8 | 24 | 1 | |||||||||||||||||||||||||||||
Total investor real estate | 51 | 90 | 2 | |||||||||||||||||||||||||||||
Residential first mortgage | 144 | 26 | 4 | |||||||||||||||||||||||||||||
Home equity | 142 | 8 | — | |||||||||||||||||||||||||||||
Consumer credit card | 40 | 1 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 77 | 1 | — | |||||||||||||||||||||||||||||
Total consumer | 403 | 36 | 4 | |||||||||||||||||||||||||||||
582 | $ | 247 | $ | 9 | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 109 | $ | 135 | $ | 1 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 93 | 78 | 1 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 2 | 3 | — | |||||||||||||||||||||||||||||
Total commercial | 204 | 216 | 2 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 98 | 173 | 1 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 21 | 25 | — | |||||||||||||||||||||||||||||
Total investor real estate | 119 | 198 | 1 | |||||||||||||||||||||||||||||
Residential first mortgage | 293 | 47 | 5 | |||||||||||||||||||||||||||||
Home equity | 172 | 10 | 1 | |||||||||||||||||||||||||||||
Consumer credit card | 57 | 1 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 76 | 1 | — | |||||||||||||||||||||||||||||
Total consumer | 598 | 59 | 6 | |||||||||||||||||||||||||||||
921 | $ | 473 | $ | 9 | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 216 | $ | 236 | $ | 4 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 218 | 196 | 4 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 3 | 3 | — | |||||||||||||||||||||||||||||
Total commercial | 437 | 435 | 8 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 193 | 274 | 5 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 36 | 39 | 1 | |||||||||||||||||||||||||||||
Total investor real estate | 229 | 313 | 6 | |||||||||||||||||||||||||||||
Residential first mortgage | 408 | 71 | 11 | |||||||||||||||||||||||||||||
Home equity | 481 | 28 | — | |||||||||||||||||||||||||||||
Consumer credit card | 104 | 1 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 194 | 3 | — | |||||||||||||||||||||||||||||
Total consumer | 1,187 | 103 | 11 | |||||||||||||||||||||||||||||
1,853 | $ | 851 | $ | 25 | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Financial Impact | ||||||||||||||||||||||||||||||||
of Modifications | ||||||||||||||||||||||||||||||||
Considered TDRs | ||||||||||||||||||||||||||||||||
Number of | Recorded | Increase in | ||||||||||||||||||||||||||||||
Obligors | Investment | Allowance at | ||||||||||||||||||||||||||||||
Modification | ||||||||||||||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||||||||||
Commercial and industrial | 335 | $ | 445 | $ | 2 | |||||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 272 | 251 | 3 | |||||||||||||||||||||||||||||
Commercial real estate construction—owner-occupied | 5 | 30 | — | |||||||||||||||||||||||||||||
Total commercial | 612 | 726 | 5 | |||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 321 | 569 | 3 | |||||||||||||||||||||||||||||
Commercial investor real estate construction | 64 | 77 | — | |||||||||||||||||||||||||||||
Total investor real estate | 385 | 646 | 3 | |||||||||||||||||||||||||||||
Residential first mortgage | 965 | 169 | 19 | |||||||||||||||||||||||||||||
Home equity | 451 | 29 | 3 | |||||||||||||||||||||||||||||
Consumer credit card | 202 | 3 | — | |||||||||||||||||||||||||||||
Indirect and other consumer | 234 | 3 | — | |||||||||||||||||||||||||||||
Total consumer | 1,852 | 204 | 22 | |||||||||||||||||||||||||||||
2,849 | $ | 1,576 | $ | 30 | ||||||||||||||||||||||||||||
Defaulted TDRs | ||||||||||||||||||||||||||||||||
The following table presents TDRs by portfolio segment and class which defaulted during the three and nine months ended September 30, 2014 and 2013, and which were modified in the previous twelve months (i.e., the twelve months prior to the default). For purposes of this disclosure, default is defined as 90 days past due and still accruing for the consumer portfolio segment, and placement on non-accrual status for the commercial and investor real estate portfolio segments. Consideration of defaults in the calculation of the allowance for loan losses is described in detail in the consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2013. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||||||
Defaulted During the Period, Where Modified in a TDR Twelve Months Prior to Default | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2 | $ | 1 | $ | 48 | $ | 29 | ||||||||||||||||||||||||
Commercial real estate mortgage—owner-occupied | 10 | 5 | 17 | 28 | ||||||||||||||||||||||||||||
Total commercial | 12 | 6 | 65 | 57 | ||||||||||||||||||||||||||||
Commercial investor real estate mortgage | 1 | 5 | 5 | 60 | ||||||||||||||||||||||||||||
Commercial investor real estate construction | — | 19 | 1 | 24 | ||||||||||||||||||||||||||||
Total investor real estate | 1 | 24 | 6 | 84 | ||||||||||||||||||||||||||||
Residential first mortgage | 2 | 11 | 14 | 40 | ||||||||||||||||||||||||||||
Home equity | — | 1 | 2 | 4 | ||||||||||||||||||||||||||||
Total consumer | 2 | 12 | 16 | 44 | ||||||||||||||||||||||||||||
$ | 15 | $ | 42 | $ | 87 | $ | 185 | |||||||||||||||||||||||||
Servicing_of_Financial_Assets_
Servicing of Financial Assets (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Transfers and Servicing of Financial Assets [Abstract] | ' | |||||||||||||||
Analysis Of Mortgage Servicing Rights Under The Fair Value Measurement Method | ' | |||||||||||||||
The table below presents an analysis of residential mortgage servicing rights under the fair value measurement method: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions) | ||||||||||||||||
Carrying value, beginning of period | $ | 276 | $ | 276 | $ | 297 | $ | 191 | ||||||||
Additions | 9 | 13 | 24 | 73 | ||||||||||||
Increase (decrease) in fair value: | ||||||||||||||||
Due to change in valuation inputs or assumptions | (3 | ) | — | (28 | ) | 45 | ||||||||||
Economic amortization associated with borrower repayments | (5 | ) | (8 | ) | (16 | ) | (28 | ) | ||||||||
Carrying value, end of period | $ | 277 | $ | 281 | $ | 277 | $ | 281 | ||||||||
Data And Assumptions Used In The Fair Value Calculation As Well As The Valuation's Sensitivity To Rate Fluctuations Related To Mortgage Servicing Rights | ' | |||||||||||||||
Data and assumptions used in the fair value calculation, as well as the valuation’s sensitivity to rate fluctuations, related to residential mortgage servicing rights (excluding related derivative instruments) are as follows: | ||||||||||||||||
30-Sep | ||||||||||||||||
2014 | 2013 | |||||||||||||||
(Dollars in millions) | ||||||||||||||||
Unpaid principal balance | $ | 26,943 | $ | 28,234 | ||||||||||||
Weighted-average prepayment speed (CPR; percentage) | 10.9 | % | 9.4 | % | ||||||||||||
Estimated impact on fair value of a 10% increase | $ | (15 | ) | $ | (12 | ) | ||||||||||
Estimated impact on fair value of a 20% increase | $ | (28 | ) | $ | (24 | ) | ||||||||||
Option-adjusted spread (basis points) | 789 | 1,014 | ||||||||||||||
Estimated impact on fair value of a 10% increase | $ | (8 | ) | $ | (10 | ) | ||||||||||
Estimated impact on fair value of a 20% increase | $ | (17 | ) | $ | (20 | ) | ||||||||||
Weighted-average coupon interest rate | 4.5 | % | 4.5 | % | ||||||||||||
Weighted-average remaining maturity (months) | 279 | 279 | ||||||||||||||
Weighted-average servicing fee (basis points) | 27.8 | 27.7 | ||||||||||||||
Schedule Of Fees Resulting From The Servicing Of Mortgage Loans | ' | |||||||||||||||
The following table presents servicing related fees, which includes contractually specified servicing fees, late fees and other ancillary income resulting from the servicing of residential mortgage loans: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions) | ||||||||||||||||
Servicing related fees and other ancillary income | $ | 21 | $ | 22 | $ | 64 | $ | 64 | ||||||||
Analysis Of Repurchase Liability Related To Mortgage Loans Sold With Representations And Warranty Provisions | ' | |||||||||||||||
The table below presents an analysis of Regions’ repurchase liability related to mortgage loans sold with representations and warranty provisions: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions) | ||||||||||||||||
Beginning balance | $ | 34 | $ | 40 | $ | 39 | $ | 40 | ||||||||
Additions (reductions), net | (5 | ) | 8 | (3 | ) | 23 | ||||||||||
Losses | (1 | ) | (8 | ) | (8 | ) | (23 | ) | ||||||||
Ending balance | $ | 28 | $ | 40 | $ | 28 | $ | 40 | ||||||||
Goodwill_Tables
Goodwill (Tables) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Text Block [Abstract] | ' | |||||||
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] | ' | |||||||
Goodwill allocated to each reportable segment is presented as follows: | ||||||||
30-Sep-14 | December 31, 2013 | |||||||
(In millions) | ||||||||
Business Services | $ | 2,552 | $ | 2,552 | ||||
Consumer Services | 1,797 | 1,797 | ||||||
Wealth Management | 467 | 467 | ||||||
$ | 4,816 | $ | 4,816 | |||||
Stockholders_Equity_and_Accumu1
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Auction Market Preferred Securities, Stock Series [Line Items] | ' | |||||||||||||||||||
Schedule of Auction Market Preferred Securities by Stock Series [Table Text Block] | ' | |||||||||||||||||||
The following table presents a summary of the non-cumulative perpetual preferred stock as of September 30, 2014: | ||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||
Issuance Date | Earliest Redemption Date | Liquidation Amount | Carrying Amount | Dividend Rate | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||
Series A | 11/1/12 | 12/15/17 | $ | 500 | $ | 427 | 6.375 | % | ||||||||||||
Series B | 4/29/14 | 9/15/24 | 500 | 473 | 6.375 | % | (1) | |||||||||||||
$ | 1,000 | $ | 900 | |||||||||||||||||
_________ | ||||||||||||||||||||
(1) Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2024, 6.375%, and (ii) for each period beginning on or after September 15, 2024, three-month LIBOR plus 3.536%. | ||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||
Activity within the balances in accumulated other comprehensive income (loss) is shown in the following tables: | ||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized | Defined benefit | Accumulated | ||||||||||||||||
gains (losses) on | pension plans and other post | other | ||||||||||||||||||
derivative | employment | comprehensive | ||||||||||||||||||
instruments | benefits | income (loss), | ||||||||||||||||||
designated as cash flow hedges | net of tax | |||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | (60 | ) | $ | 203 | $ | 44 | $ | (239 | ) | $ | (52 | ) | |||||||
Net change | 2 | (92 | ) | (37 | ) | 5 | (122 | ) | ||||||||||||
End of period | $ | (58 | ) | $ | 111 | $ | 7 | $ | (234 | ) | $ | (174 | ) | |||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized gains (losses) on derivative instruments designated as cash flow hedges | Defined benefit pension plans and other post employment benefits | Accumulated other comprehensive | ||||||||||||||||
income (loss), net of tax | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | (68 | ) | $ | — | $ | 35 | $ | (445 | ) | $ | (478 | ) | |||||||
Net change | 2 | 41 | 12 | 12 | 67 | |||||||||||||||
End of period | $ | (66 | ) | $ | 41 | $ | 47 | $ | (433 | ) | $ | (411 | ) | |||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized gains (losses) on derivative instruments designated as cash flow hedges | Defined benefit pension plans and other post employment benefits | Accumulated other comprehensive | ||||||||||||||||
income (loss), net of tax | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | (64 | ) | $ | (22 | ) | $ | 15 | $ | (248 | ) | $ | (319 | ) | ||||||
Net change | 6 | 133 | (8 | ) | 14 | 145 | ||||||||||||||
End of period | $ | (58 | ) | $ | 111 | $ | 7 | $ | (234 | ) | $ | (174 | ) | |||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity | Unrealized gains (losses) on securities available for sale | Unrealized gains (losses) on derivative instruments designated as cash flow hedges | Defined benefit pension plans and other post employment benefits | Accumulated other comprehensive | ||||||||||||||||
income (loss), net of tax | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||
Beginning of period | $ | — | $ | 436 | $ | 93 | $ | (464 | ) | $ | 65 | |||||||||
Net change | (66 | ) | (395 | ) | (46 | ) | 31 | (476 | ) | |||||||||||
End of period | $ | (66 | ) | $ | 41 | $ | 47 | $ | (433 | ) | $ | (411 | ) | |||||||
Reclassification From Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||
The following tables present amounts reclassified out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||||||
Three Months Ended September 30, 2014 | Three Months Ended September 30, 2013 | |||||||||||||||||||
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Affected Line Item in the Consolidated Statements of Income | |||||||||||||||||
(In millions) | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity: | ||||||||||||||||||||
$ | (3 | ) | $ | (4 | ) | Net interest income | ||||||||||||||
1 | 2 | Tax (expense) or benefit | ||||||||||||||||||
$ | (2 | ) | $ | (2 | ) | Net of tax | ||||||||||||||
Unrealized gains and (losses) on available-for-sale securities: | ||||||||||||||||||||
$ | 7 | $ | 3 | Securities gains, net | ||||||||||||||||
(2 | ) | (1 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 5 | $ | 2 | Net of tax | ||||||||||||||||
Gains and (losses) on cash flow hedges: | ||||||||||||||||||||
Interest rate contracts | $ | 34 | $ | 26 | Net interest income | |||||||||||||||
(13 | ) | (10 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 21 | $ | 16 | Net of tax | ||||||||||||||||
Amortization of defined benefit pension items: | ||||||||||||||||||||
Prior-service cost | $ | — | $ | — | (2) | |||||||||||||||
Actuarial gains/(losses) | (7 | ) | (19 | ) | (2) | |||||||||||||||
(7 | ) | (19 | ) | Total before tax | ||||||||||||||||
2 | 7 | Tax (expense) or benefit | ||||||||||||||||||
$ | (5 | ) | $ | (12 | ) | Net of tax | ||||||||||||||
Total reclassifications for the period | $ | 19 | $ | 4 | Net of tax | |||||||||||||||
Nine Months Ended September 30, 2014 | Nine Months Ended September 30, 2013 | |||||||||||||||||||
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(1) | Affected Line Item in the Consolidated Statements of Income | |||||||||||||||||
(In millions) | ||||||||||||||||||||
Unrealized losses on securities transferred to held to maturity: | ||||||||||||||||||||
$ | (10 | ) | $ | (4 | ) | Net interest income | ||||||||||||||
4 | 2 | Tax (expense) or benefit | ||||||||||||||||||
$ | (6 | ) | $ | (2 | ) | Net of tax | ||||||||||||||
Unrealized gains and (losses) on available-for-sale securities: | ||||||||||||||||||||
$ | 15 | $ | 26 | Securities gains, net | ||||||||||||||||
(5 | ) | (9 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 10 | $ | 17 | Net of tax | ||||||||||||||||
Gains and (losses) on cash flow hedges: | ||||||||||||||||||||
Interest rate contracts | $ | 91 | $ | 58 | Net interest income | |||||||||||||||
(35 | ) | (22 | ) | Tax (expense) or benefit | ||||||||||||||||
$ | 56 | $ | 36 | Net of tax | ||||||||||||||||
Amortization of defined benefit pension items: | ||||||||||||||||||||
Prior-service cost | $ | (1 | ) | $ | — | (2) | ||||||||||||||
Actuarial gains/(losses) | (18 | ) | (52 | ) | (2) | |||||||||||||||
(19 | ) | (52 | ) | Total before tax | ||||||||||||||||
6 | 19 | Tax (expense) or benefit | ||||||||||||||||||
$ | (13 | ) | $ | (33 | ) | Net of tax | ||||||||||||||
Total reclassifications for the period | $ | 47 | $ | 18 | Net of tax | |||||||||||||||
_________ | ||||||||||||||||||||
(1) Amounts in parentheses indicate reductions to net income. | ||||||||||||||||||||
(2) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost and are included in salaries and employee benefits on the consolidated statements of income (see Note 10 for additional details). |
Earnings_Per_Common_Share_Comp1
Earnings Per Common Share (Computation Of Basic And Diluted Earnings Per Common Share) Schedule of Earnings Per Share, Basic and Diluted (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||||||
The following table sets forth the computation of basic earnings per common share and diluted earnings per common share: | ||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions, except per share amounts) | ||||||||||||||||
Numerator: | ||||||||||||||||
Income from continuing operations | $ | 322 | $ | 293 | $ | 928 | $ | 894 | ||||||||
Preferred stock dividends | (20 | ) | (8 | ) | (36 | ) | (24 | ) | ||||||||
Income from continuing operations available to common shareholders | 302 | 285 | 892 | 870 | ||||||||||||
Income (loss) from discontinued operations, net of tax | 3 | — | 16 | 1 | ||||||||||||
Net income available to common shareholders | $ | 305 | $ | 285 | $ | 908 | $ | 871 | ||||||||
Denominator: | ||||||||||||||||
Weighted-average common shares outstanding—basic | 1,378 | 1,388 | 1,378 | 1,401 | ||||||||||||
Potential common shares | 11 | 17 | 12 | 14 | ||||||||||||
Weighted-average common shares outstanding—diluted | 1,389 | 1,405 | 1,390 | 1,415 | ||||||||||||
Earnings per common share from continuing operations available to common shareholders(1): | ||||||||||||||||
Basic | $ | 0.22 | $ | 0.21 | $ | 0.65 | $ | 0.62 | ||||||||
Diluted | 0.22 | 0.2 | 0.64 | 0.61 | ||||||||||||
Earnings (loss) per common share from discontinued operations(1): | ||||||||||||||||
Basic | 0 | (0.00 | ) | 0.01 | 0 | |||||||||||
Diluted | 0 | (0.00 | ) | 0.01 | 0 | |||||||||||
Earnings per common share(1): | ||||||||||||||||
Basic | 0.22 | 0.21 | 0.66 | 0.62 | ||||||||||||
Diluted | 0.22 | 0.2 | 0.65 | 0.62 | ||||||||||||
________ | ||||||||||||||||
-1 | Certain per share amounts may not appear to reconcile due to rounding. |
ShareBased_Payments_Tables
Share-Based Payments (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Text Block [Abstract] | ' | |||||||||||||
Summary Of Activity Related To Stock Options | ' | |||||||||||||
The following table summarizes the activity related to stock options: | ||||||||||||||
Nine Months Ended September 30 | ||||||||||||||
2014 | 2013 | |||||||||||||
Number of | Weighted-Average | Number of | Weighted-Average | |||||||||||
Options | Exercise Price | Options | Exercise Price | |||||||||||
Outstanding at beginning of period | 32,127,235 | $ | 22.81 | 38,258,204 | $ | 23.09 | ||||||||
Granted | — | — | — | — | ||||||||||
Exercised | (2,166,521 | ) | 4.52 | (810,936 | ) | 5.22 | ||||||||
Canceled/Forfeited | (4,486,405 | ) | 30.44 | (3,699,256 | ) | 25.91 | ||||||||
Outstanding at end of period | 25,474,309 | $ | 23.02 | 33,748,012 | $ | 23.21 | ||||||||
Exercisable at end of period | 25,474,309 | $ | 23.02 | 33,277,791 | $ | 23.45 | ||||||||
Summary Of Activity Related To Restricted Stock Awards And Performance Stock Awards | ' | |||||||||||||
The following table summarizes the activity related to restricted stock awards and performance stock awards: | ||||||||||||||
Nine Months Ended September 30 | ||||||||||||||
2014 | 2013 | |||||||||||||
Number of | Weighted-Average | Number of | Weighted-Average | |||||||||||
Shares | Grant Date Fair Value | Shares | Grant Date Fair Value | |||||||||||
Non-vested at beginning of period | 16,212,198 | $ | 6.83 | 11,945,179 | $ | 6.15 | ||||||||
Granted | 5,368,113 | 11.22 | 6,327,865 | 8.04 | ||||||||||
Vested | (2,623,699 | ) | 6.82 | (1,481,659 | ) | 6.75 | ||||||||
Forfeited | (459,102 | ) | 8.06 | (375,850 | ) | 6.38 | ||||||||
Non-vested at end of period | 18,497,510 | $ | 8.07 | 16,415,535 | $ | 6.82 | ||||||||
Pension_and_Other_Postretireme1
Pension and Other Postretirement Benefits (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Net Periodic Pension Cost [Table Text Block] | ' | ||||||||||||||||||||||||
Net periodic pension cost, which is recorded in salaries and employee benefits on the consolidated statements of income, included the following components: | |||||||||||||||||||||||||
Qualified Plan | Non-qualified Plans | Total | |||||||||||||||||||||||
Three Months Ended September 30 | |||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||
Service cost | $ | 9 | $ | 9 | $ | 1 | $ | 1 | $ | 10 | $ | 10 | |||||||||||||
Interest cost | 21 | 21 | 2 | 2 | 23 | 23 | |||||||||||||||||||
Expected return on plan assets | (34 | ) | (33 | ) | — | — | (34 | ) | (33 | ) | |||||||||||||||
Amortization of actuarial loss | 6 | 18 | 1 | 1 | 7 | 19 | |||||||||||||||||||
Amortization of prior service cost | — | — | — | — | — | — | |||||||||||||||||||
Net periodic pension cost | $ | 2 | $ | 15 | $ | 4 | $ | 4 | $ | 6 | $ | 19 | |||||||||||||
Qualified Plan | Non-qualified Plans | Total | |||||||||||||||||||||||
Nine Months Ended September 30 | |||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||
Service cost | $ | 25 | $ | 28 | $ | 3 | $ | 3 | $ | 28 | $ | 31 | |||||||||||||
Interest cost | 65 | 63 | 5 | 4 | 70 | 67 | |||||||||||||||||||
Expected return on plan assets | (103 | ) | (99 | ) | — | — | (103 | ) | (99 | ) | |||||||||||||||
Amortization of actuarial loss | 16 | 50 | 2 | 2 | 18 | 52 | |||||||||||||||||||
Amortization of prior service cost | — | — | 1 | — | 1 | — | |||||||||||||||||||
Settlement charge | — | — | 3 | — | 3 | — | |||||||||||||||||||
Net periodic pension cost | $ | 3 | $ | 42 | $ | 14 | $ | 9 | $ | 17 | $ | 51 | |||||||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments and Hedging Activities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule Of Derivative Instruments Notional And Fair Values | ' | |||||||||||||||||||||||
The following tables present the notional amount and estimated fair value of derivative instruments on a gross basis as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | |||||||||||||||||||||||
Notional | Estimated Fair Value | Notional | Estimated Fair Value | |||||||||||||||||||||
Amount | Gain(1) | Loss(1) | Amount | Gain(1) | Loss(1) | |||||||||||||||||||
(In millions) | ||||||||||||||||||||||||
Derivatives in fair value hedging relationships: | ||||||||||||||||||||||||
Interest rate swaps | $ | 3,388 | $ | 15 | $ | 29 | $ | 4,241 | $ | 70 | $ | 29 | ||||||||||||
Derivatives in cash flow hedging relationships: | ||||||||||||||||||||||||
Interest rate swaps | 7,550 | 10 | 59 | 5,800 | 5 | 80 | ||||||||||||||||||
Total derivatives designated as hedging instruments | $ | 10,938 | $ | 25 | $ | 88 | $ | 10,041 | $ | 75 | $ | 109 | ||||||||||||
Derivatives not designated as hedging instruments: | ||||||||||||||||||||||||
Interest rate swaps | $ | 46,606 | $ | 858 | $ | 914 | $ | 46,591 | $ | 1,078 | $ | 1,142 | ||||||||||||
Interest rate options | 3,085 | 12 | 2 | 2,865 | 9 | 4 | ||||||||||||||||||
Interest rate futures and forward commitments | 18,101 | 1 | 3 | 13,357 | 9 | 2 | ||||||||||||||||||
Other contracts | 2,678 | 51 | 43 | 2,535 | 48 | 44 | ||||||||||||||||||
Total derivatives not designated as hedging instruments | $ | 70,470 | $ | 922 | $ | 962 | $ | 65,348 | $ | 1,144 | $ | 1,192 | ||||||||||||
Total derivatives | $ | 81,408 | $ | 947 | $ | 1,050 | $ | 75,389 | $ | 1,219 | $ | 1,301 | ||||||||||||
_________ | ||||||||||||||||||||||||
-1 | Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. | |||||||||||||||||||||||
Schedule Of Effect Of Derivative Instruments On Statements Of Operations | ' | |||||||||||||||||||||||
The following tables present the effect of hedging derivative instruments on the consolidated statements of income: | ||||||||||||||||||||||||
Gain or (Loss) Recognized in Income on Derivatives | Location of Amounts Recognized in Income on Derivatives and Related Hedged Item | Gain or (Loss) Recognized in Income on Related Hedged Item | ||||||||||||||||||||||
Three Months Ended September 30 | Three Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Fair Value Hedges: | ||||||||||||||||||||||||
Interest rate swaps on: | ||||||||||||||||||||||||
Debt/CDs | $ | 4 | $ | 11 | Interest expense | $ | 7 | $ | 1 | |||||||||||||||
Debt/CDs | (11 | ) | 7 | Other non-interest expense | 10 | (6 | ) | |||||||||||||||||
Securities available for sale | (4 | ) | (1 | ) | Interest expense | — | — | |||||||||||||||||
Securities available for sale | — | 2 | Other non-interest expense | (2 | ) | (2 | ) | |||||||||||||||||
Total | $ | (11 | ) | $ | 19 | $ | 15 | $ | (7 | ) | ||||||||||||||
Effective Portion(3) | ||||||||||||||||||||||||
Gain or (Loss) Recognized in AOCI(1) | Location of Amounts Reclassified from AOCI into Income | Gain or (Loss) Reclassified from AOCI into Income(2) | ||||||||||||||||||||||
Three Months Ended September 30 | Three Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||||||
Interest rate swaps | $ | (37 | ) | $ | 10 | Interest income on loans | $ | 34 | $ | 30 | ||||||||||||||
Forward starting swaps | — | 2 | Interest expense on debt | — | (4 | ) | ||||||||||||||||||
Total | $ | (37 | ) | $ | 12 | $ | 34 | $ | 26 | |||||||||||||||
Gain or (Loss) Recognized in Income on Derivatives | Location of Amounts Recognized in Income on Derivatives and Related Hedged Item | Gain or (Loss) Recognized in Income on Related Hedged Item | ||||||||||||||||||||||
Nine Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Fair Value Hedges: | ||||||||||||||||||||||||
Interest rate swaps on: | ||||||||||||||||||||||||
Debt/CDs | $ | 19 | $ | 47 | Interest expense | $ | 15 | $ | 6 | |||||||||||||||
Debt/CDs | (25 | ) | (65 | ) | Other non-interest expense | 27 | 58 | |||||||||||||||||
Securities available for sale | (12 | ) | (2 | ) | Interest expense | — | — | |||||||||||||||||
Securities available for sale | (32 | ) | 16 | Other non-interest expense | 25 | (17 | ) | |||||||||||||||||
Total | $ | (50 | ) | $ | (4 | ) | $ | 67 | $ | 47 | ||||||||||||||
Effective Portion(3) | ||||||||||||||||||||||||
Gain or (Loss) Recognized in AOCI(1) | Location of Amounts Reclassified from AOCI into Income | Gain or (Loss) Reclassified from AOCI into Income(2) | ||||||||||||||||||||||
Nine Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
(In millions) | (In millions) | |||||||||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||||||
Interest rate swaps | $ | (11 | ) | $ | (53 | ) | Interest income on loans | $ | 96 | $ | 70 | |||||||||||||
Forward starting swaps | 3 | 7 | Interest expense on debt | (5 | ) | (12 | ) | |||||||||||||||||
Total | $ | (8 | ) | $ | (46 | ) | $ | 91 | $ | 58 | ||||||||||||||
____ | ||||||||||||||||||||||||
(1) After-tax | ||||||||||||||||||||||||
(2) Pre-tax | ||||||||||||||||||||||||
(3) All cash flow hedges were highly effective for all periods presented, and the change in fair value attributed to hedge ineffectiveness was not material. | ||||||||||||||||||||||||
Schedule of Gains (Losses) Recognized Related to Derivatives Not Designated as Hedging Instruments | ' | |||||||||||||||||||||||
The following table presents the location and amount of gain or (loss) recognized in income on derivatives not designated as hedging instruments in the consolidated statements of income for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||
Capital markets fee income and other(1): | ||||||||||||||||||||||||
Interest rate swaps | $ | 5 | $ | 5 | $ | 10 | $ | 17 | ||||||||||||||||
Interest rate options | — | — | — | 2 | ||||||||||||||||||||
Interest rate futures and forward commitments | 1 | — | — | 1 | ||||||||||||||||||||
Other contracts | 2 | 1 | 8 | 10 | ||||||||||||||||||||
Total capital markets fee income and other | 8 | 6 | 18 | 30 | ||||||||||||||||||||
Mortgage income: | ||||||||||||||||||||||||
Interest rate swaps | 1 | 1 | 19 | (26 | ) | |||||||||||||||||||
Interest rate options | (3 | ) | 9 | 3 | (10 | ) | ||||||||||||||||||
Interest rate futures and forward commitments | 9 | (59 | ) | 1 | (28 | ) | ||||||||||||||||||
Total mortgage income | 7 | (49 | ) | 23 | (64 | ) | ||||||||||||||||||
$ | 15 | $ | (43 | ) | $ | 41 | $ | (34 | ) | |||||||||||||||
______ | ||||||||||||||||||||||||
(1) Capital markets fee income and other is included in Other income on the consolidated statements of income. | ||||||||||||||||||||||||
Schedule Of Gross Derivative Positions, Including Collateral Posted or Received | ' | |||||||||||||||||||||||
The following table presents the Company's gross derivative positions, including collateral posted or received, as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
Offsetting Derivative Assets | Offsetting Derivative Liabilities | |||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | 30-Sep-14 | December 31, 2013 | |||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||
Gross amounts subject to offsetting | $ | 903 | $ | 1,165 | $ | 1,000 | $ | 1,257 | ||||||||||||||||
Gross amounts not subject to offsetting | 44 | 54 | 50 | 44 | ||||||||||||||||||||
Gross amounts recognized | 947 | 1,219 | 1,050 | 1,301 | ||||||||||||||||||||
Gross amounts offset in the consolidated balance sheets(1) | 595 | 774 | 966 | 1,233 | ||||||||||||||||||||
Net amounts presented in the consolidated balance sheets | 352 | 445 | 84 | 68 | ||||||||||||||||||||
Gross amounts not offset in the consolidated balance sheets: | ||||||||||||||||||||||||
Financial instruments | 9 | 10 | — | — | ||||||||||||||||||||
Cash collateral received/posted | — | — | 52 | 24 | ||||||||||||||||||||
Net amounts | $ | 343 | $ | 435 | $ | 32 | $ | 44 | ||||||||||||||||
________ | ||||||||||||||||||||||||
-1 | At September 30, 2014, gross amounts of derivative assets and liabilities offset in the consolidated balance sheets presented above include cash collateral received of $24 million and cash collateral posted of $396 million. At December 31, 2013, gross amounts of derivative assets and liabilities offset in the consolidated balance sheets presented above include cash collateral received of $42 million and cash collateral posted of $501 million. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule Of Assets And Liabilities At Fair Value Measured On A Recurring Basis And Non-Recurring Basis | ' | ||||||||||||||||||||||||||||||||
The following table presents assets and liabilities measured at estimated fair value on a recurring basis and non-recurring basis as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Estimated Fair Value | Estimated Fair Value | ||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Recurring fair value measurements | |||||||||||||||||||||||||||||||||
Trading account securities | $ | 103 | $ | — | $ | — | $ | 103 | $ | 111 | $ | — | $ | — | $ | 111 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
U.S. Treasury securities | $ | 61 | $ | — | $ | — | $ | 61 | $ | 56 | $ | — | $ | — | $ | 56 | |||||||||||||||||
Federal agency securities | — | 69 | — | 69 | — | 89 | — | 89 | |||||||||||||||||||||||||
Obligations of states and political subdivisions | — | 3 | — | 3 | — | 5 | — | 5 | |||||||||||||||||||||||||
Mortgage-backed securities (MBS): | |||||||||||||||||||||||||||||||||
Residential agency | — | 16,520 | — | 16,520 | — | 15,677 | — | 15,677 | |||||||||||||||||||||||||
Residential non-agency | — | — | 9 | 9 | — | — | 9 | 9 | |||||||||||||||||||||||||
Commercial agency | — | 1,603 | — | 1,603 | — | 935 | — | 935 | |||||||||||||||||||||||||
Commercial non-agency | — | 1,488 | — | 1,488 | — | 1,211 | — | 1,211 | |||||||||||||||||||||||||
Corporate and other debt securities | — | 1,991 | 3 | 1,994 | — | 2,825 | 2 | 2,827 | |||||||||||||||||||||||||
Equity securities(1) | 139 | — | — | 139 | 137 | — | — | 137 | |||||||||||||||||||||||||
Total securities available for sale | $ | 200 | $ | 21,674 | $ | 12 | $ | 21,886 | $ | 193 | $ | 20,742 | $ | 11 | $ | 20,946 | |||||||||||||||||
Mortgage loans held for sale | $ | — | $ | 456 | $ | — | $ | 456 | $ | — | $ | 429 | $ | — | $ | 429 | |||||||||||||||||
Residential mortgage servicing rights | $ | — | $ | — | $ | 277 | $ | 277 | $ | — | $ | — | $ | 297 | $ | 297 | |||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||||||||||
Interest rate swaps | $ | — | $ | 883 | $ | — | $ | 883 | $ | — | $ | 1,153 | $ | — | $ | 1,153 | |||||||||||||||||
Interest rate options | — | 3 | 9 | 12 | — | 4 | 5 | 9 | |||||||||||||||||||||||||
Interest rate futures and forward commitments | — | 1 | — | 1 | — | 9 | — | 9 | |||||||||||||||||||||||||
Other contracts | — | 51 | — | 51 | — | 48 | — | 48 | |||||||||||||||||||||||||
Total derivative assets | $ | — | $ | 938 | $ | 9 | $ | 947 | $ | — | $ | 1,214 | $ | 5 | $ | 1,219 | |||||||||||||||||
Derivative liabilities: | |||||||||||||||||||||||||||||||||
Interest rate swaps | $ | — | $ | 1,002 | $ | — | $ | 1,002 | $ | — | $ | 1,251 | $ | — | $ | 1,251 | |||||||||||||||||
Interest rate options | — | 2 | — | 2 | — | 4 | — | 4 | |||||||||||||||||||||||||
Interest rate futures and forward commitments | — | 3 | — | 3 | — | 2 | — | 2 | |||||||||||||||||||||||||
Other contracts | — | 43 | — | 43 | — | 44 | — | 44 | |||||||||||||||||||||||||
Total derivative liabilities | $ | — | $ | 1,050 | $ | — | $ | 1,050 | $ | — | $ | 1,301 | $ | — | $ | 1,301 | |||||||||||||||||
Nonrecurring fair value measurements | |||||||||||||||||||||||||||||||||
Loans held for sale | $ | — | $ | — | $ | 37 | $ | 37 | $ | — | $ | — | $ | 596 | $ | 596 | |||||||||||||||||
Foreclosed property and other real estate | — | 34 | 8 | 42 | — | 49 | 18 | 67 | |||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) Excludes Federal Reserve Bank and Federal Home Loan Bank Stock totaling $477 million and $16 million at September 30, 2014 and $472 million and $67 million at December 31, 2013, respectively. | |||||||||||||||||||||||||||||||||
Rollforward For Assets And Liabilities Measured At Fair Value On A Recurring Basis With Level 3 Significant Unobservable Inputs | ' | ||||||||||||||||||||||||||||||||
The following tables illustrate a rollforward for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2014 and 2013. The tables do not reflect the change in fair value attributable to any related economic hedges the Company used to mitigate the interest rate risk associated with these assets and liabilities. The net changes in realized gains (losses) included in earnings related to Level 3 assets and liabilities held at September 30, 2014 and 2013 are not material. | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance | |||||||||||||||||||||||||||||
July 1, | Gains or Losses | Level 3 | Level 3 | September 30, | |||||||||||||||||||||||||||||
2014 | Included | Included | 2014 | ||||||||||||||||||||||||||||||
in | in Other | ||||||||||||||||||||||||||||||||
Earnings | Compre- | ||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 9 | — | — | — | — | — | — | — | — | $ | 9 | |||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | 1 | — | — | — | — | — | 3 | |||||||||||||||||||||||
Total securities available for sale | $ | 11 | — | — | 1 | — | — | — | — | — | $ | 12 | |||||||||||||||||||||
Residential mortgage servicing rights | $ | 276 | (8 | ) | (1) | — | 9 | — | — | — | — | — | $ | 277 | |||||||||||||||||||
Total interest rate options derivatives, net | $ | 12 | 20 | (1) | — | — | — | — | (23 | ) | — | — | $ | 9 | |||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance | |||||||||||||||||||||||||||||
July 1, | Gains or Losses | Level 3 | Level 3 | September 30, | |||||||||||||||||||||||||||||
2013 | Included | Included | 2013 | ||||||||||||||||||||||||||||||
in Earnings | in Other | ||||||||||||||||||||||||||||||||
Compre- | |||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 11 | — | — | — | — | — | (1 | ) | — | — | $ | 10 | ||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | — | — | — | — | — | — | 2 | |||||||||||||||||||||||
Total securities available for sale | $ | 13 | — | — | — | — | — | (1 | ) | — | — | $ | 12 | ||||||||||||||||||||
Residential mortgage servicing rights | $ | 276 | (9 | ) | (1) | — | 14 | — | — | — | — | — | $ | 281 | |||||||||||||||||||
Total interest rate options derivatives, net | $ | 2 | 24 | (1) | — | — | — | — | (14 | ) | — | — | $ | 12 | |||||||||||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance | |||||||||||||||||||||||||||||
January 1, | Gains or Losses | Level 3 | Level 3 | September 30, | |||||||||||||||||||||||||||||
2014 | Included | Included | 2014 | ||||||||||||||||||||||||||||||
in | in Other | ||||||||||||||||||||||||||||||||
Earnings | Compre- | ||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 9 | — | — | — | — | — | — | — | — | $ | 9 | |||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | 4 | — | — | (3 | ) | — | — | 3 | ||||||||||||||||||||||
Total securities available for sale | $ | 11 | — | — | 4 | — | — | (3 | ) | — | — | $ | 12 | ||||||||||||||||||||
Residential mortgage servicing rights | $ | 297 | (44 | ) | (1) | — | 24 | — | — | — | — | — | $ | 277 | |||||||||||||||||||
Total interest rate options derivatives, net | $ | 5 | 70 | (1) | — | — | — | — | (66 | ) | — | — | $ | 9 | |||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Opening | Total Realized / | Purchases | Sales | Issuances | Settlements | Transfers | Transfers | Closing | |||||||||||||||||||||||||
Balance | Unrealized | into | out of | Balance September 30, | |||||||||||||||||||||||||||||
January 1, | Gains or Losses | Level 3 | Level 3 | 2013 | |||||||||||||||||||||||||||||
2013 | Included | Included | |||||||||||||||||||||||||||||||
in Earnings | in Other | ||||||||||||||||||||||||||||||||
Compre- | |||||||||||||||||||||||||||||||||
hensive | |||||||||||||||||||||||||||||||||
Income | |||||||||||||||||||||||||||||||||
(Loss) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Level 3 Instruments Only | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $ | 13 | — | — | — | — | — | (3 | ) | — | — | $ | 10 | ||||||||||||||||||||
Corporate and other debt securities | 2 | — | — | — | — | — | — | — | — | 2 | |||||||||||||||||||||||
Total securities available for sale | $ | 15 | — | — | — | — | — | (3 | ) | — | — | $ | 12 | ||||||||||||||||||||
Residential mortgage servicing rights | $ | 191 | 17 | (1) | — | 73 | — | — | — | — | — | $ | 281 | ||||||||||||||||||||
Total interest rate options derivatives, net | $ | 22 | 65 | (1) | — | — | — | — | (75 | ) | — | — | $ | 12 | |||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) Included in mortgage income. | |||||||||||||||||||||||||||||||||
Schedule Of Fair Value Adjustments Related To Non-Recurring Fair Value Measurements | ' | ||||||||||||||||||||||||||||||||
The following table presents the fair value adjustments related to non-recurring fair value measurements: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Loans held for sale | $ | (11 | ) | $ | (16 | ) | $ | (34 | ) | $ | (58 | ) | |||||||||||||||||||||
Foreclosed property and other real estate | (4 | ) | (8 | ) | (18 | ) | (27 | ) | |||||||||||||||||||||||||
Summary Of Quantitative Information About Level 3 Measurements | ' | ||||||||||||||||||||||||||||||||
The following tables present detailed information regarding assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of September 30, 2014 and December 31, 2013. The tables include the valuation techniques and the significant unobservable inputs utilized. The range of each significant unobservable input as well as the weighted average within the range utilized at September 30, 2014 and December 31, 2013 are included. Following the tables are a description of the valuation technique and the sensitivity of the technique to changes in the significant unobservable input. | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Level 3 | Valuation | Unobservable | Quantitative Range of | ||||||||||||||||||||||||||||||
Estimated Fair Value at | Technique | Input(s) | Unobservable Inputs and | ||||||||||||||||||||||||||||||
30-Sep-14 | (Weighted-Average) | ||||||||||||||||||||||||||||||||
(Dollars in millions) | |||||||||||||||||||||||||||||||||
Recurring fair value measurements: | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $9 | Discounted cash flow | Spread to LIBOR | 5.3% - 49.8% (12.8%) | |||||||||||||||||||||||||||||
Weighted-average prepayment speed (CPR; percentage) | 6.1% - 13.3% (9.5%) | ||||||||||||||||||||||||||||||||
Probability of default | 1.40% | ||||||||||||||||||||||||||||||||
Loss severity | 36.80% | ||||||||||||||||||||||||||||||||
Corporate and other debt securities | $3 | Market comparable | Evaluated quote on same issuer/comparable bond | 99.8% - 99.9% (99.8%) | |||||||||||||||||||||||||||||
Comparability adjustments | 0.07% | ||||||||||||||||||||||||||||||||
Residential mortgage servicing rights(1) | $277 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 9.2% - 25.2% (10.9%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 6.4% - 13.5% (7.9%) | ||||||||||||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||||||||||
Interest rate options | $9 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 9.2% - 25.2% (10.9%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 6.4% - 13.5% (7.9%) | ||||||||||||||||||||||||||||||||
Pull-through | 45.9% - 99.1% (85.6%) | ||||||||||||||||||||||||||||||||
Nonrecurring fair value measurements: | |||||||||||||||||||||||||||||||||
Loans held for sale | $37 | Commercial and investor real estate loans held for sale are valued based on multiple data points, including discount to appraised value of collateral based on recent market activity for sales of similar loans | Appraisal comparability adjustment (discount) | 13.3% - 97.2% (50.8%) | |||||||||||||||||||||||||||||
Foreclosed property and other real estate | $8 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal comparability adjustment (discount) | 25.0% - 100.0% (44.2%) | |||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) See Note 5 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Level 3 | Valuation | Unobservable | Quantitative Range of | ||||||||||||||||||||||||||||||
Estimated Fair Value at | Technique | Input(s) | Unobservable Inputs and | ||||||||||||||||||||||||||||||
December 31, 2013 | (Weighted-Average) | ||||||||||||||||||||||||||||||||
(Dollars in millions) | |||||||||||||||||||||||||||||||||
Recurring fair value measurements: | |||||||||||||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||||||||||
Residential non-agency MBS | $9 | Discounted cash flow | Spread to LIBOR | 5.4% - 49.9% (14.9%) | |||||||||||||||||||||||||||||
Weighted-average prepayment speed (CPR; percentage) | 8.6% - 13.1% (10.0%) | ||||||||||||||||||||||||||||||||
Probability of default | 1.30% | ||||||||||||||||||||||||||||||||
Loss severity | 38.40% | ||||||||||||||||||||||||||||||||
Corporate and other debt securities | $2 | Market comparable | Evaluated quote on same issuer/comparable bond | 99.0% - 100.0% (99.6%) | |||||||||||||||||||||||||||||
Comparability adjustments | 0.96% | ||||||||||||||||||||||||||||||||
Residential mortgage servicing rights(1) | $297 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 6.9% - 24.8% (8.2%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 7.0% - 23.6% (9.0%) | ||||||||||||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||||||||||
Interest rate options | $5 | Discounted cash flow | Weighted-average prepayment speed (CPR; percentage) | 6.9% - 24.8% (8.2%) | |||||||||||||||||||||||||||||
Option-adjusted spread (percentage) | 7.0% - 23.6% (9.0%) | ||||||||||||||||||||||||||||||||
Pull-through | 10.8% - 99.7% (32.2%) | ||||||||||||||||||||||||||||||||
Nonrecurring fair value measurements: | |||||||||||||||||||||||||||||||||
Loans held for sale | $61 | Commercial and investor real estate loans held for sale are valued based on multiple data points, including discount to appraised value of collateral based on recent market activity for sales of similar loans | Appraisal comparability adjustment (discount) | 1.0% - 99.2% (49.6%) | |||||||||||||||||||||||||||||
$535 | Residential first mortgage loans held for sale not carried at fair value on a recurring basis are valued based on estimated third-party valuations utilizing recent sales data for similar transactions | Estimated third-party valuations utilizing available sales data for similar transactions (discount to par) | 17.0% - 26.0% (23.5%) | ||||||||||||||||||||||||||||||
Foreclosed property and other real estate | $18 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal comparability adjustment (discount) | 30.0% - 100.0% (42.3%) | |||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
(1) See Note 7 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2013 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | |||||||||||||||||||||||||||||||||
Summary Of Difference Between Aggregate Fair Value And Aggregate Unpaid Principal Balance For Mortgage Loans Held For Sale Measured At Fair Value | ' | ||||||||||||||||||||||||||||||||
The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for mortgage loans held for sale measured at fair value: | |||||||||||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Aggregate | Aggregate | Aggregate Fair | Aggregate | Aggregate | Aggregate Fair | ||||||||||||||||||||||||||||
Fair Value | Unpaid | Value Less | Fair Value | Unpaid | Value Less | ||||||||||||||||||||||||||||
Principal | Aggregate | Principal | Aggregate | ||||||||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||||||||||
Principal | Principal | ||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Mortgage loans held for sale, at fair value | $ | 456 | $ | 441 | $ | 15 | $ | 429 | $ | 424 | $ | 5 | |||||||||||||||||||||
Summary Of Net Gains (Losses) From Changes In Fair Value | ' | ||||||||||||||||||||||||||||||||
The following table details net gains resulting from changes in fair value of these loans which were recorded in mortgage income in the consolidated statements of income during the three and nine months ended September 30, 2014 and 2013, respectively. These changes in fair value are mostly offset by economic hedging activities. An immaterial portion of these amounts was attributable to changes in instrument-specific credit risk. | |||||||||||||||||||||||||||||||||
Mortgage loans held for sale, at fair value | |||||||||||||||||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Net gains (losses) resulting from changes in fair value | $ | (6 | ) | $ | 38 | $ | 11 | $ | (24 | ) | |||||||||||||||||||||||
Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments | ' | ||||||||||||||||||||||||||||||||
The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments as of September 30, 2014 are as follows: | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Amount | Fair | ||||||||||||||||||||||||||||||||
Value(1) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 4,783 | $ | 4,783 | $ | 4,783 | $ | — | $ | — | |||||||||||||||||||||||
Trading account securities | 103 | 103 | 103 | — | — | ||||||||||||||||||||||||||||
Securities held to maturity | 2,222 | 2,224 | 1 | 2,223 | — | ||||||||||||||||||||||||||||
Securities available for sale | 22,379 | 22,379 | 200 | 22,167 | 12 | ||||||||||||||||||||||||||||
Loans held for sale | 504 | 504 | — | 456 | 48 | ||||||||||||||||||||||||||||
Loans (excluding leases), net of unearned income and allowance for loan losses(2)(3) | 73,695 | 68,691 | — | — | 68,691 | ||||||||||||||||||||||||||||
Other interest-earning assets | 91 | 91 | — | 91 | — | ||||||||||||||||||||||||||||
Derivative assets | 947 | 947 | — | 938 | 9 | ||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||
Derivative liabilities | 1,050 | 1,050 | — | 1,050 | — | ||||||||||||||||||||||||||||
Deposits | 94,130 | 94,104 | — | 94,104 | — | ||||||||||||||||||||||||||||
Short-term borrowings | 1,893 | 1,893 | — | 1,893 | — | ||||||||||||||||||||||||||||
Long-term borrowings | 3,813 | 4,172 | — | 3,813 | 359 | ||||||||||||||||||||||||||||
Loan commitments and letters of credit | 103 | 578 | — | — | 578 | ||||||||||||||||||||||||||||
Indemnification obligation | 208 | 193 | — | — | 193 | ||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
-1 | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for interest rates, market liquidity and credit spreads as appropriate. | ||||||||||||||||||||||||||||||||
-2 | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. In the current whole loan market, financial investors are generally requiring a higher rate of return than the return inherent in loans if held to maturity. The fair value discount at September 30, 2014 was $5.0 billion or 6.8 percent. | ||||||||||||||||||||||||||||||||
-3 | Excluded from this table is the lease carrying amount of $1.7 billion at September 30, 2014. | ||||||||||||||||||||||||||||||||
The carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company's financial instruments as of December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Amount | Fair | ||||||||||||||||||||||||||||||||
Value(1) | |||||||||||||||||||||||||||||||||
(In millions) | |||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 5,273 | $ | 5,273 | $ | 5,273 | $ | — | $ | — | |||||||||||||||||||||||
Trading account securities | 111 | 111 | 111 | — | — | ||||||||||||||||||||||||||||
Securities held to maturity | 2,353 | 2,307 | 1 | 2,306 | — | ||||||||||||||||||||||||||||
Securities available for sale | 21,485 | 21,485 | 193 | 21,281 | 11 | ||||||||||||||||||||||||||||
Loans held for sale | 1,055 | 1,055 | — | 429 | 626 | ||||||||||||||||||||||||||||
Loans (excluding leases), net of unearned income and allowance for loan losses(2)(3) | 71,594 | 66,167 | — | — | 66,167 | ||||||||||||||||||||||||||||
Other interest-earning assets | 86 | 86 | — | 86 | — | ||||||||||||||||||||||||||||
Derivative assets | 1,219 | 1,219 | — | 1,214 | 5 | ||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||
Derivative liabilities | 1,301 | 1,301 | — | 1,301 | — | ||||||||||||||||||||||||||||
Deposits | 92,453 | 92,460 | — | 92,460 | — | ||||||||||||||||||||||||||||
Short-term borrowings | 2,182 | 2,182 | — | 2,182 | — | ||||||||||||||||||||||||||||
Long-term borrowings | 4,830 | 5,085 | — | — | 5,085 | ||||||||||||||||||||||||||||
Loan commitments and letters of credit | 117 | 621 | — | — | 621 | ||||||||||||||||||||||||||||
Indemnification obligation | 260 | 243 | — | — | 243 | ||||||||||||||||||||||||||||
_________ | |||||||||||||||||||||||||||||||||
-1 | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for interest rates, market liquidity and credit spreads as appropriate. | ||||||||||||||||||||||||||||||||
-2 | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. In the current whole loan market, financial investors are generally requiring a higher rate of return than the return inherent in loans if held to maturity. The fair value discount at December 31, 2013 was $5.4 billion or 7.6 percent. | ||||||||||||||||||||||||||||||||
-3 | Excluded from this table is the lease carrying amount of $1.7 billion at December 31, 2013. |
Business_Segment_Information_T
Business Segment Information (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Schedule Of Financial Information By Reportable Segment | ' | |||||||||||||||||||||||||||
The following tables present financial information for each reportable segment for the period indicated. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 453 | $ | 455 | $ | 43 | $ | (130 | ) | $ | 821 | $ | — | $ | 821 | |||||||||||||
Provision (credit) for loan losses | 27 | 48 | — | (51 | ) | 24 | — | 24 | ||||||||||||||||||||
Non-interest income | 130 | 250 | 90 | 8 | 478 | 19 | 497 | |||||||||||||||||||||
Non-interest expense | 241 | 455 | 111 | 19 | 826 | 14 | 840 | |||||||||||||||||||||
Income (loss) before income taxes | 315 | 202 | 22 | (90 | ) | 449 | 5 | 454 | ||||||||||||||||||||
Income tax expense (benefit) | 120 | 77 | 8 | (78 | ) | 127 | 2 | 129 | ||||||||||||||||||||
Net income (loss) | $ | 195 | $ | 125 | $ | 14 | $ | (12 | ) | $ | 322 | $ | 3 | $ | 325 | |||||||||||||
Average assets | $ | 53,266 | $ | 28,781 | $ | 2,933 | $ | 33,808 | $ | 118,788 | $ | — | $ | 118,788 | ||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 472 | $ | 460 | $ | 44 | $ | (152 | ) | $ | 824 | $ | — | $ | 824 | |||||||||||||
Provision (credit) for loan losses | 40 | 67 | 6 | (95 | ) | 18 | — | 18 | ||||||||||||||||||||
Non-interest income | 114 | 270 | 112 | (1 | ) | 495 | — | 495 | ||||||||||||||||||||
Non-interest expense | 252 | 496 | 114 | 22 | 884 | 1 | 885 | |||||||||||||||||||||
Income (loss) before income taxes | 294 | 167 | 36 | (80 | ) | 417 | (1 | ) | 416 | |||||||||||||||||||
Income tax expense (benefit) | 112 | 63 | 14 | (65 | ) | 124 | (1 | ) | 123 | |||||||||||||||||||
Net income (loss) | $ | 182 | $ | 104 | $ | 22 | $ | (15 | ) | $ | 293 | $ | — | $ | 293 | |||||||||||||
Average assets | $ | 52,568 | $ | 28,972 | $ | 3,002 | $ | 32,375 | $ | 116,917 | $ | — | $ | 116,917 | ||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 1,361 | $ | 1,360 | $ | 129 | $ | (391 | ) | $ | 2,459 | $ | — | $ | 2,459 | |||||||||||||
Provision (credit) for loan losses | 79 | 143 | 1 | (162 | ) | 61 | — | 61 | ||||||||||||||||||||
Non-interest income | 349 | 739 | 273 | 12 | 1,373 | 19 | 1,392 | |||||||||||||||||||||
Non-interest expense | 763 | 1,336 | 322 | 42 | 2,463 | (7 | ) | 2,456 | ||||||||||||||||||||
Income (loss) before income taxes | 868 | 620 | 79 | (259 | ) | 1,308 | 26 | 1,334 | ||||||||||||||||||||
Income tax expense (benefit) | 330 | 235 | 30 | (215 | ) | 380 | 10 | 390 | ||||||||||||||||||||
Net income (loss) | $ | 538 | $ | 385 | $ | 49 | $ | (44 | ) | $ | 928 | $ | 16 | $ | 944 | |||||||||||||
Average assets | $ | 53,182 | $ | 28,662 | $ | 2,954 | $ | 33,409 | $ | 118,207 | $ | — | $ | 118,207 | ||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
Business | Consumer | Wealth | Other | Continuing | Discontinued | Consolidated | ||||||||||||||||||||||
Services | Services | Management | Operations | Operations | ||||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||||
Net interest income (loss) | $ | 1,395 | $ | 1,383 | $ | 135 | $ | (483 | ) | $ | 2,430 | $ | — | $ | 2,430 | |||||||||||||
Provision (credit) for loan losses | 205 | 215 | 18 | (379 | ) | 59 | — | 59 | ||||||||||||||||||||
Non-interest income | 343 | 822 | 290 | 38 | 1,493 | — | 1,493 | |||||||||||||||||||||
Non-interest expense | 718 | 1,442 | 328 | 122 | 2,610 | (1 | ) | 2,609 | ||||||||||||||||||||
Income (loss) before income taxes | 815 | 548 | 79 | (188 | ) | 1,254 | 1 | 1,255 | ||||||||||||||||||||
Income tax expense (benefit) | 310 | 208 | 30 | (188 | ) | 360 | — | 360 | ||||||||||||||||||||
Net income | $ | 505 | $ | 340 | $ | 49 | $ | — | $ | 894 | $ | 1 | $ | 895 | ||||||||||||||
Average assets | $ | 49,081 | $ | 29,010 | $ | 3,039 | $ | 36,958 | $ | 118,088 | $ | — | $ | 118,088 | ||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Text Block [Abstract] | ' | |||||||
Credit Risk Of Financial Instruments By Contractual Amounts | ' | |||||||
Credit risk associated with these instruments is represented by the contractual amounts indicated in the following table: | ||||||||
September 30, 2014 | 31-Dec-13 | |||||||
(In millions) | ||||||||
Unused commitments to extend credit | $ | 42,657 | $ | 41,885 | ||||
Standby letters of credit | 1,608 | 1,629 | ||||||
Commercial letters of credit | 47 | 36 | ||||||
Liabilities associated with standby letters of credit | 37 | 37 | ||||||
Assets associated with standby letters of credit | 36 | 38 | ||||||
Reserve for unfunded credit commitments | 65 | 78 | ||||||
Discontinued_Operations_Schedu
Discontinued Operations (Schedule of Discontinued Operations Income Statement) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Non-interest income: | ' | ' | ' | ' | ||||
Total non-interest Income | $478 | $495 | $1,373 | $1,493 | ||||
Non-interest expense: | ' | ' | ' | ' | ||||
Other | 205 | 266 | 621 | 773 | ||||
Total non-interest expense | 826 | 884 | 2,463 | 2,610 | ||||
Income (loss) from discontinued operations before income taxes | 5 | -1 | 26 | 1 | ||||
Income tax expense (benefit) | 2 | -1 | 10 | 0 | ||||
Income (Loss) from discontinued operations, net of tax | 3 | 0 | 16 | 1 | ||||
Earning (Loss) Per Common Share From Discontinued Operations [Abstract] | ' | ' | ' | ' | ||||
Basic | $0 | [1] | $0 | [1] | $0.01 | [1] | $0 | [1] |
Diluted | $0 | [1] | $0 | [1] | $0.01 | [1] | $0 | [1] |
Discontinued Operations [Member] | ' | ' | ' | ' | ||||
Non-interest income: | ' | ' | ' | ' | ||||
Insurance Proceeds | 19 | 0 | 19 | 0 | ||||
Total non-interest Income | 19 | 0 | 19 | 0 | ||||
Non-interest expense: | ' | ' | ' | ' | ||||
Professional and legal expenses | 14 | 3 | -8 | -1 | ||||
Other | 0 | -2 | 1 | 0 | ||||
Total non-interest expense | 14 | 1 | -7 | -1 | ||||
Income (loss) from discontinued operations before income taxes | 5 | -1 | 26 | 1 | ||||
Income tax expense (benefit) | 2 | -1 | 10 | 0 | ||||
Income (Loss) from discontinued operations, net of tax | $3 | $0 | $16 | $1 | ||||
Earning (Loss) Per Common Share From Discontinued Operations [Abstract] | ' | ' | ' | ' | ||||
Basic | $0 | [1] | $0 | $0.01 | $0 | |||
Diluted | $0 | [1] | $0 | $0.01 | $0 | |||
[1] | Certain per share amounts may not appear to reconcile due to rounding. |
Securities_Schedule_Of_Amortiz
Securities (Schedule Of Amortized Cost, Gross Unrealized Gains And Losses, And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Held To Maturity Amortized Cost Basis | ' | $2,316 | $2,457 | ||
Held To Maturity Securities Gross Unrealized Gains | ' | 0 | [1] | 0 | [1] |
Held To Maturity Securities Gross Unrealized Losses | -111 | -94 | [1] | -104 | [1] |
Held-to-maturity Securities | ' | 2,222 | 2,353 | ||
Held-to-maturity Securities, Unrecognized Holding Gain | ' | 14 | 0 | ||
Held-to-maturity Securities, Unrecognized Holding Loss | ' | -12 | -46 | ||
Securities held to maturity, estimated fair value | ' | 2,224 | 2,307 | ||
Amortized Cost - Securities available for sale | ' | 22,198 | 21,519 | ||
Gross Unrealized Gains - Securities available for sale | ' | 309 | 257 | ||
Gross Unrealized Losses - Securities available for sale | ' | -128 | -291 | ||
Available-for-sale securities, net carrying value | ' | 22,379 | 21,485 | ||
Available-for-sale Securities | ' | 22,379 | 21,485 | ||
US Treasury Securities [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Held To Maturity Amortized Cost Basis | ' | 1 | 1 | ||
Held To Maturity Securities Gross Unrealized Gains | ' | 0 | [1] | 0 | [1] |
Held To Maturity Securities Gross Unrealized Losses | ' | 0 | [1] | 0 | [1] |
Held-to-maturity Securities | ' | 1 | 1 | ||
Held-to-maturity Securities, Unrecognized Holding Gain | ' | 0 | 0 | ||
Held-to-maturity Securities, Unrecognized Holding Loss | ' | 0 | 0 | ||
Securities held to maturity, estimated fair value | ' | 1 | 1 | ||
Amortized Cost - Securities available for sale | ' | 61 | 56 | ||
Gross Unrealized Gains - Securities available for sale | ' | 0 | 0 | ||
Gross Unrealized Losses - Securities available for sale | ' | 0 | 0 | ||
Available-for-sale securities, net carrying value | ' | 61 | 56 | ||
Available-for-sale Securities | ' | 61 | 56 | ||
Federal Agency Securities [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Held To Maturity Amortized Cost Basis | ' | 351 | 351 | ||
Held To Maturity Securities Gross Unrealized Gains | ' | 0 | [1] | 0 | [1] |
Held To Maturity Securities Gross Unrealized Losses | ' | -13 | [1] | -15 | [1] |
Held-to-maturity Securities | ' | 338 | 336 | ||
Held-to-maturity Securities, Unrecognized Holding Gain | ' | 4 | 0 | ||
Held-to-maturity Securities, Unrecognized Holding Loss | ' | 0 | -3 | ||
Securities held to maturity, estimated fair value | ' | 342 | 333 | ||
Amortized Cost - Securities available for sale | ' | 68 | 88 | ||
Gross Unrealized Gains - Securities available for sale | ' | 1 | 1 | ||
Gross Unrealized Losses - Securities available for sale | ' | 0 | 0 | ||
Available-for-sale securities, net carrying value | ' | 69 | 89 | ||
Available-for-sale Securities | ' | 69 | 89 | ||
Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Amortized Cost - Securities available for sale | ' | 3 | 5 | ||
Gross Unrealized Gains - Securities available for sale | ' | 0 | 0 | ||
Gross Unrealized Losses - Securities available for sale | ' | 0 | 0 | ||
Available-for-sale securities, net carrying value | ' | 3 | 5 | ||
Available-for-sale Securities | ' | 3 | 5 | ||
Residential Agency [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Held To Maturity Amortized Cost Basis | ' | 1,745 | 1,878 | ||
Held To Maturity Securities Gross Unrealized Gains | ' | 0 | [1] | 0 | [1] |
Held To Maturity Securities Gross Unrealized Losses | ' | -74 | [1] | -81 | [1] |
Held-to-maturity Securities | ' | 1,671 | 1,797 | ||
Held-to-maturity Securities, Unrecognized Holding Gain | ' | 10 | 0 | ||
Held-to-maturity Securities, Unrecognized Holding Loss | ' | -5 | -37 | ||
Securities held to maturity, estimated fair value | ' | 1,676 | 1,760 | ||
Amortized Cost - Securities available for sale | ' | 16,362 | 15,664 | ||
Gross Unrealized Gains - Securities available for sale | ' | 236 | 183 | ||
Gross Unrealized Losses - Securities available for sale | ' | -78 | -170 | ||
Available-for-sale securities, net carrying value | ' | 16,520 | 15,677 | ||
Available-for-sale Securities | ' | 16,520 | 15,677 | ||
Residential Non Agency [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Amortized Cost - Securities available for sale | ' | 8 | 8 | ||
Gross Unrealized Gains - Securities available for sale | ' | 1 | 1 | ||
Gross Unrealized Losses - Securities available for sale | ' | 0 | 0 | ||
Available-for-sale securities, net carrying value | ' | 9 | 9 | ||
Available-for-sale Securities | ' | 9 | 9 | ||
Commercial Agency [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Held To Maturity Amortized Cost Basis | ' | 219 | 227 | ||
Held To Maturity Securities Gross Unrealized Gains | ' | 0 | [1] | 0 | [1] |
Held To Maturity Securities Gross Unrealized Losses | ' | -7 | [1] | -8 | [1] |
Held-to-maturity Securities | ' | 212 | 219 | ||
Held-to-maturity Securities, Unrecognized Holding Gain | ' | 0 | 0 | ||
Held-to-maturity Securities, Unrecognized Holding Loss | ' | -7 | -6 | ||
Securities held to maturity, estimated fair value | ' | 205 | 213 | ||
Amortized Cost - Securities available for sale | ' | 1,608 | 947 | ||
Gross Unrealized Gains - Securities available for sale | ' | 7 | 4 | ||
Gross Unrealized Losses - Securities available for sale | ' | -12 | -16 | ||
Available-for-sale securities, net carrying value | ' | 1,603 | 935 | ||
Available-for-sale Securities | ' | 1,603 | 935 | ||
Commercial Non Agency [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Amortized Cost - Securities available for sale | ' | 1,493 | 1,232 | ||
Gross Unrealized Gains - Securities available for sale | ' | 11 | 12 | ||
Gross Unrealized Losses - Securities available for sale | ' | -16 | -33 | ||
Available-for-sale securities, net carrying value | ' | 1,488 | 1,211 | ||
Available-for-sale Securities | ' | 1,488 | 1,211 | ||
Corporate and Other Debt Securities [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Amortized Cost - Securities available for sale | ' | 1,973 | 2,855 | ||
Gross Unrealized Gains - Securities available for sale | ' | 43 | 44 | ||
Gross Unrealized Losses - Securities available for sale | ' | -22 | -72 | ||
Available-for-sale securities, net carrying value | ' | 1,994 | 2,827 | ||
Available-for-sale Securities | ' | 1,994 | 2,827 | ||
Equity Securities [Member] | ' | ' | ' | ||
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] | ' | ' | ' | ||
Amortized Cost - Securities available for sale | ' | 622 | 664 | ||
Gross Unrealized Gains - Securities available for sale | ' | 10 | 12 | ||
Gross Unrealized Losses - Securities available for sale | ' | 0 | 0 | ||
Available-for-sale securities, net carrying value | ' | 632 | 676 | ||
Available-for-sale Securities | ' | $632 | $676 | ||
[1] | The gross unrealized losses recognized in other comprehensive income (OCI) on held to maturity securities resulted from a transfer of available for sale securities to held to maturity in the second quarter of 2013. |
Securities_Schedule_Of_Amortiz1
Securities (Schedule Of Amortized Cost Of Equity Securities Related To Federal Reserve Bank Stock And Federal Home Loan Bank Stock) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Federal Reserve Bank Stock | $477 | $472 |
Federal Home Loan Bank Stock | $16 | $67 |
Securities_Schedule_Of_Cost_An
Securities (Schedule Of Cost And Estimated Fair Value Of Securities Available For Sale And Securities Held To Maturity By Contractual Maturity) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Held To Maturity Amortized Cost Basis | $2,316 | $2,457 |
Securities held to maturity, estimated fair value | 2,224 | 2,307 |
Amortized Cost - Securities available for sale | 22,198 | 21,519 |
Fair Value - Securities available for sale | 22,379 | 21,485 |
Held-to-maturity Securities [Member] | ' | ' |
Held-to-maturity,Debt Maturities,within One Year, Net Carrying Amount | 1 | ' |
Held-to-maturity, Debt Maturities, Next Twelve Months, Fair Value | 1 | ' |
Held-to-maturity Securities,Debt Maturities,after One Through Five Years,Net Carrying Amount | 1 | ' |
Held-to-maturity Securities,Debt Maturities,Year Two Through Five, Fair Value | 1 | ' |
Held-to-maturity Securities,Debt Maturities,after Five Through Ten Years, Net Carrying Amount | 350 | ' |
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value | 341 | ' |
Available-for-sale Securities [Member] | ' | ' |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | 69 | ' |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 69 | ' |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 749 | ' |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 764 | ' |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 968 | ' |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 968 | ' |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 319 | ' |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 326 | ' |
Residential Agency [Member] | ' | ' |
Held To Maturity Amortized Cost Basis | 1,745 | 1,878 |
Securities held to maturity, estimated fair value | 1,676 | 1,760 |
Amortized Cost - Securities available for sale | 16,362 | 15,664 |
Fair Value - Securities available for sale | 16,520 | 15,677 |
Residential Non Agency [Member] | ' | ' |
Amortized Cost - Securities available for sale | 8 | 8 |
Fair Value - Securities available for sale | 9 | 9 |
Commercial Agency [Member] | ' | ' |
Held To Maturity Amortized Cost Basis | 219 | 227 |
Securities held to maturity, estimated fair value | 205 | 213 |
Amortized Cost - Securities available for sale | 1,608 | 947 |
Fair Value - Securities available for sale | 1,603 | 935 |
Commercial Non Agency [Member] | ' | ' |
Amortized Cost - Securities available for sale | 1,493 | 1,232 |
Fair Value - Securities available for sale | 1,488 | 1,211 |
Equity Securities [Member] | ' | ' |
Amortized Cost - Securities available for sale | 622 | 664 |
Fair Value - Securities available for sale | $632 | $676 |
Securities_Schedule_Of_Gross_U
Securities (Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Securities Available For Sale) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | $0 | $1,638 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses | 0 | -101 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 2,220 | 663 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses | -92 | -49 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 2,220 | 2,301 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses | -92 | -150 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 4,454 | 8,914 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | -22 | -266 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 4,357 | 551 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | -106 | -25 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 8,811 | 9,465 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | -128 | -291 |
US Treasury Securities [Member] | ' | ' |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 14 | 15 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 5 | 1 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 19 | 16 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | 0 | 0 |
Federal Agency Securities [Member] | ' | ' |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 0 | 190 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses | 0 | -9 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 341 | 142 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses | -9 | -8 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 341 | 332 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses | -9 | -17 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 3 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 8 | 9 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 8 | 12 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | 0 | 0 |
Residential Agency [Member] | ' | ' |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 0 | 1,236 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses | 0 | -77 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 1,674 | 521 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses | -69 | -41 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 1,674 | 1,757 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses | -69 | -118 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 3,288 | 6,153 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | -14 | -161 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 2,944 | 270 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | -64 | -9 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 6,232 | 6,423 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | -78 | -170 |
Residential Non Agency [Member] | ' | ' |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | 0 | ' |
Commercial Agency [Member] | ' | ' |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 0 | 212 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses | 0 | -15 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 205 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses | -14 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 205 | 212 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses | -14 | -15 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 556 | 610 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | -4 | -17 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 343 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | -8 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 899 | 610 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | -12 | -17 |
Commercial Non Agency [Member] | ' | ' |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 320 | 711 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | -2 | -30 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 565 | 62 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | -14 | -3 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 885 | 773 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | -16 | -33 |
All Other Securities [Member] | ' | ' |
Unrealized Loss And Fair Value On Securities [Line Items] | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 275 | 1,422 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | -2 | -58 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 492 | 209 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | -20 | -13 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 767 | 1,631 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | ($22) | ($71) |
Securities_Schedule_Of_Gross_G
Securities (Schedule Of Gross Gains And Gross Losses On Available For Sale Securities) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Investments, Debt and Equity Securities [Abstract] | ' | ' | ' | ' |
Gross realized gains | $9 | $7 | $25 | $52 |
Gross realized losses | -2 | -4 | -8 | -26 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net | 0 | 0 | -2 | 0 |
Net securities gains (losses) | $7 | $3 | $15 | $26 |
Securities_Narrative_Details
Securities (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Jun. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | |||
Intent to sell [Domain] | ||||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Held To Maturity Securities Gross Unrealized Losses Recognized in Other Comprehensive Income | $111,000,000 | $94,000,000 | [1] | $104,000,000 | [1] | ' |
available for sale securities transferred to held to maturity | 2,400,000,000 | ' | ' | ' | ||
Securities pledged to secure public funds, trust deposits and borrowing arrangements | ' | 12,500,000,000 | 12,500,000,000 | ' | ||
Securities in unrealized loss position number | ' | 834 | 1,052 | ' | ||
Available-for-sale Securities | ' | $22,379,000,000 | $21,485,000,000 | $328,000,000 | ||
[1] | The gross unrealized losses recognized in other comprehensive income (OCI) on held to maturity securities resulted from a transfer of available for sale securities to held to maturity in the second quarter of 2013. |
Loans_and_the_Allowance_for_Cr2
Loans and the Allowance for Credit Losses (Schedule Of Loan Portfolio, Net Of Unearned Income) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | $76,607 | $74,609 | $75,892 |
Commercial And Industrial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 31,857 | 29,413 | ' |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 8,666 | 9,495 | ' |
Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 350 | 310 | ' |
Total Commercial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 40,873 | 39,218 | ' |
Commercial investor real estate mortgage [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 4,940 | 5,318 | ' |
Commercial Investor Real Estate Construction [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 1,878 | 1,432 | ' |
Total Investor Real Estate [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 6,818 | 6,750 | ' |
Residential First Mortgage [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 12,264 | 12,163 | ' |
Home Equity [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 10,968 | 11,294 | ' |
Indirect [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 3,543 | 3,075 | ' |
Consumer Credit Card [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 964 | 948 | ' |
Other Consumer [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | 1,177 | 1,161 | ' |
Total Consumer [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | $28,916 | $28,641 | ' |
Loans_and_the_Allowance_for_Cr3
Loans and the Allowance for Credit Losses (Analysis of the Allowance for Credit Losses by Portfolio Segment) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | $1,229 | $1,636 | $1,341 | $1,919 | ' |
Provision (credit) for loan and lease losses | 24 | 18 | 61 | 59 | ' |
Charge-offs | -120 | -156 | -354 | -570 | ' |
Recoveries | 45 | 42 | 130 | 132 | ' |
Net loan losses | -75 | -114 | -224 | -438 | ' |
Allowance for loan losses, end of period | 1,178 | 1,540 | 1,178 | 1,540 | ' |
Reserve For Unfunded Credit Commitments, beginning of period | 89 | 73 | 78 | 83 | ' |
Provision (credit) for unfunded credit losses | -24 | 1 | -13 | -9 | ' |
Reserve For Unfunded Credit Commitments, end of period | 65 | 74 | 65 | 74 | ' |
Allowance for Credit Losses, end of period | 1,243 | 1,614 | 1,243 | 1,614 | ' |
Allowance Individually Evaluated for Impairment | 363 | 582 | 363 | 582 | ' |
Allowance Collectively Evaluated for Impairment | 815 | 958 | 815 | 958 | ' |
Loans Individually Evaluated for Impairment | 2,073 | 3,779 | 2,073 | 3,779 | ' |
Loans Collectively Evaluated for Impairment | 74,534 | 72,113 | 74,534 | 72,113 | ' |
Loans, net of unearned income | 76,607 | 75,892 | 76,607 | 75,892 | 74,609 |
Commercial [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 705 | 764 | 711 | 847 | ' |
Provision (credit) for loan and lease losses | 18 | 29 | 62 | 86 | ' |
Charge-offs | -49 | -54 | -130 | -230 | ' |
Recoveries | 21 | 17 | 52 | 53 | ' |
Net loan losses | -28 | -37 | -78 | -177 | ' |
Allowance for loan losses, end of period | 695 | 756 | 695 | 756 | ' |
Reserve For Unfunded Credit Commitments, beginning of period | 74 | 60 | 63 | 69 | ' |
Provision (credit) for unfunded credit losses | -21 | 3 | -10 | -6 | ' |
Reserve For Unfunded Credit Commitments, end of period | 53 | 63 | 53 | 63 | ' |
Allowance for Credit Losses, end of period | 748 | 819 | 748 | 819 | ' |
Allowance Individually Evaluated for Impairment | 204 | 261 | 204 | 261 | ' |
Allowance Collectively Evaluated for Impairment | 491 | 495 | 491 | 495 | ' |
Loans Individually Evaluated for Impairment | 758 | 1,184 | 758 | 1,184 | ' |
Loans Collectively Evaluated for Impairment | 40,115 | 38,622 | 40,115 | 38,622 | ' |
Loans, net of unearned income | 40,873 | 39,806 | 40,873 | 39,806 | ' |
Investor Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 190 | 342 | 236 | 469 | ' |
Provision (credit) for loan and lease losses | -23 | -37 | -68 | -136 | ' |
Charge-offs | -5 | -13 | -21 | -59 | ' |
Recoveries | 6 | 8 | 21 | 26 | ' |
Net loan losses | 1 | -5 | 0 | -33 | ' |
Allowance for loan losses, end of period | 168 | 300 | 168 | 300 | ' |
Reserve For Unfunded Credit Commitments, beginning of period | 12 | 9 | 12 | 10 | ' |
Provision (credit) for unfunded credit losses | -3 | -1 | -3 | -2 | ' |
Reserve For Unfunded Credit Commitments, end of period | 9 | 8 | 9 | 8 | ' |
Allowance for Credit Losses, end of period | 177 | 308 | 177 | 308 | ' |
Allowance Individually Evaluated for Impairment | 80 | 159 | 80 | 159 | ' |
Allowance Collectively Evaluated for Impairment | 88 | 141 | 88 | 141 | ' |
Loans Individually Evaluated for Impairment | 466 | 1,006 | 466 | 1,006 | ' |
Loans Collectively Evaluated for Impairment | 6,352 | 5,924 | 6,352 | 5,924 | ' |
Loans, net of unearned income | 6,818 | 6,930 | 6,818 | 6,930 | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 334 | 530 | 394 | 603 | ' |
Provision (credit) for loan and lease losses | 29 | 26 | 67 | 109 | ' |
Charge-offs | -66 | -89 | -203 | -281 | ' |
Recoveries | 18 | 17 | 57 | 53 | ' |
Net loan losses | -48 | -72 | -146 | -228 | ' |
Allowance for loan losses, end of period | 315 | 484 | 315 | 484 | ' |
Reserve For Unfunded Credit Commitments, beginning of period | 3 | 4 | 3 | 4 | ' |
Provision (credit) for unfunded credit losses | 0 | -1 | 0 | -1 | ' |
Reserve For Unfunded Credit Commitments, end of period | 3 | 3 | 3 | 3 | ' |
Allowance for Credit Losses, end of period | 318 | 487 | 318 | 487 | ' |
Allowance Individually Evaluated for Impairment | 79 | 162 | 79 | 162 | ' |
Allowance Collectively Evaluated for Impairment | 236 | 322 | 236 | 322 | ' |
Loans Individually Evaluated for Impairment | 849 | 1,589 | 849 | 1,589 | ' |
Loans Collectively Evaluated for Impairment | 28,067 | 27,567 | 28,067 | 27,567 | ' |
Loans, net of unearned income | $28,916 | $29,156 | $28,916 | $29,156 | ' |
Loans_and_the_Allowance_for_Cr4
Loans and the Allowance for Credit Losses (Credit Quality Indicators) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | $76,607 | $74,609 | $75,892 |
Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 31,857 | 29,413 | ' |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 8,666 | 9,495 | ' |
Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 350 | 310 | ' |
Total Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 40,873 | 39,218 | ' |
Commercial investor real estate mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 4,940 | 5,318 | ' |
Commercial Investor Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 1,878 | 1,432 | ' |
Total Investor Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 6,818 | 6,750 | ' |
Residential First Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 12,264 | 12,163 | ' |
Home Equity [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 10,968 | 11,294 | ' |
Indirect [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 3,543 | 3,075 | ' |
Consumer Credit Card [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 964 | 948 | ' |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 1,177 | 1,161 | ' |
Total Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 28,916 | 28,641 | ' |
Pass [Member] | Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 30,449 | 28,282 | ' |
Pass [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 7,750 | 8,593 | ' |
Pass [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 339 | 264 | ' |
Pass [Member] | Total Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 38,538 | 37,139 | ' |
Pass [Member] | Commercial investor real estate mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 4,369 | 4,479 | ' |
Pass [Member] | Commercial Investor Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 1,799 | 1,335 | ' |
Pass [Member] | Total Investor Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 6,168 | 5,814 | ' |
Special Mention [Member] | Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 742 | 395 | ' |
Special Mention [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 292 | 191 | ' |
Special Mention [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 6 | 25 | ' |
Special Mention [Member] | Total Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 1,040 | 611 | ' |
Special Mention [Member] | Commercial investor real estate mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 229 | 269 | ' |
Special Mention [Member] | Commercial Investor Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 28 | 47 | ' |
Special Mention [Member] | Total Investor Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 257 | 316 | ' |
Substandard [Member] | Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 467 | 479 | ' |
Substandard [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 346 | 408 | ' |
Substandard [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 3 | 4 | ' |
Substandard [Member] | Total Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 816 | 891 | ' |
Substandard [Member] | Commercial investor real estate mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 209 | 332 | ' |
Substandard [Member] | Commercial Investor Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 49 | 40 | ' |
Substandard [Member] | Total Investor Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 258 | 372 | ' |
Accrual [Member] | Residential First Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 12,147 | 12,017 | ' |
Accrual [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 10,862 | 11,183 | ' |
Accrual [Member] | Indirect [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 3,543 | 3,075 | ' |
Accrual [Member] | Consumer Credit Card [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 964 | 948 | ' |
Accrual [Member] | Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 1,177 | 1,161 | ' |
Accrual [Member] | Total Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 28,693 | 28,384 | ' |
Non Accrual [Member] | Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 199 | 257 | ' |
Non Accrual [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 278 | 303 | ' |
Non Accrual [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 2 | 17 | ' |
Non Accrual [Member] | Total Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 479 | 577 | ' |
Non Accrual [Member] | Commercial investor real estate mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 133 | 238 | ' |
Non Accrual [Member] | Commercial Investor Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 2 | 10 | ' |
Non Accrual [Member] | Total Investor Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 135 | 248 | ' |
Non Accrual [Member] | Residential First Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 117 | 146 | ' |
Non Accrual [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 106 | 111 | ' |
Non Accrual [Member] | Indirect [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 0 | 0 | ' |
Non Accrual [Member] | Consumer Credit Card [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 0 | 0 | ' |
Non Accrual [Member] | Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | 0 | 0 | ' |
Non Accrual [Member] | Total Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, net of unearned income | $223 | $257 | ' |
Loans_and_the_Allowance_for_Cr5
Loans and the Allowance for Credit Losses (Past Due Financing Receivables) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | $305 | $378 | ' |
60-89 DPD, Accrual Loans | 198 | 193 | ' |
90 plus DPD, Accrual Loans | 354 | 362 | ' |
Total 30 plus DPD, Accrual Loans | 857 | 933 | ' |
Total Accrual | 75,770 | 73,527 | ' |
Nonaccrual | 837 | 1,082 | ' |
Loans, net of unearned income | 76,607 | 74,609 | 75,892 |
Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 16 | 29 | ' |
60-89 DPD, Accrual Loans | 41 | 14 | ' |
90 plus DPD, Accrual Loans | 5 | 6 | ' |
Total 30 plus DPD, Accrual Loans | 62 | 49 | ' |
Total Accrual | 31,658 | 29,156 | ' |
Nonaccrual | 199 | 257 | ' |
Loans, net of unearned income | 31,857 | 29,413 | ' |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 26 | 30 | ' |
60-89 DPD, Accrual Loans | 12 | 26 | ' |
90 plus DPD, Accrual Loans | 6 | 6 | ' |
Total 30 plus DPD, Accrual Loans | 44 | 62 | ' |
Total Accrual | 8,388 | 9,192 | ' |
Nonaccrual | 278 | 303 | ' |
Loans, net of unearned income | 8,666 | 9,495 | ' |
Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 2 | 0 | ' |
60-89 DPD, Accrual Loans | 0 | 0 | ' |
90 plus DPD, Accrual Loans | 0 | 0 | ' |
Total 30 plus DPD, Accrual Loans | 2 | 0 | ' |
Total Accrual | 348 | 293 | ' |
Nonaccrual | 2 | 17 | ' |
Loans, net of unearned income | 350 | 310 | ' |
Total Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 44 | 59 | ' |
60-89 DPD, Accrual Loans | 53 | 40 | ' |
90 plus DPD, Accrual Loans | 11 | 12 | ' |
Total 30 plus DPD, Accrual Loans | 108 | 111 | ' |
Total Accrual | 40,394 | 38,641 | ' |
Nonaccrual | 479 | 577 | ' |
Loans, net of unearned income | 40,873 | 39,218 | ' |
Commercial investor real estate mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 16 | 29 | ' |
60-89 DPD, Accrual Loans | 22 | 6 | ' |
90 plus DPD, Accrual Loans | 5 | 6 | ' |
Total 30 plus DPD, Accrual Loans | 43 | 41 | ' |
Total Accrual | 4,807 | 5,080 | ' |
Nonaccrual | 133 | 238 | ' |
Loans, net of unearned income | 4,940 | 5,318 | ' |
Commercial Investor Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 10 | 4 | ' |
60-89 DPD, Accrual Loans | 2 | 1 | ' |
90 plus DPD, Accrual Loans | 0 | 0 | ' |
Total 30 plus DPD, Accrual Loans | 12 | 5 | ' |
Total Accrual | 1,876 | 1,422 | ' |
Nonaccrual | 2 | 10 | ' |
Loans, net of unearned income | 1,878 | 1,432 | ' |
Total Investor Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 26 | 33 | ' |
60-89 DPD, Accrual Loans | 24 | 7 | ' |
90 plus DPD, Accrual Loans | 5 | 6 | ' |
Total 30 plus DPD, Accrual Loans | 55 | 46 | ' |
Total Accrual | 6,683 | 6,502 | ' |
Nonaccrual | 135 | 248 | ' |
Loans, net of unearned income | 6,818 | 6,750 | ' |
Residential First Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 101 | 130 | ' |
60-89 DPD, Accrual Loans | 62 | 74 | ' |
90 plus DPD, Accrual Loans | 252 | 248 | ' |
Total 30 plus DPD, Accrual Loans | 415 | 452 | ' |
Total Accrual | 12,147 | 12,017 | ' |
Nonaccrual | 117 | 146 | ' |
Loans, net of unearned income | 12,264 | 12,163 | ' |
Home Equity [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 73 | 95 | ' |
60-89 DPD, Accrual Loans | 42 | 51 | ' |
90 plus DPD, Accrual Loans | 66 | 75 | ' |
Total 30 plus DPD, Accrual Loans | 181 | 221 | ' |
Total Accrual | 10,862 | 11,183 | ' |
Nonaccrual | 106 | 111 | ' |
Loans, net of unearned income | 10,968 | 11,294 | ' |
Indirect [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 38 | 39 | ' |
60-89 DPD, Accrual Loans | 9 | 11 | ' |
90 plus DPD, Accrual Loans | 6 | 5 | ' |
Total 30 plus DPD, Accrual Loans | 53 | 55 | ' |
Total Accrual | 3,543 | 3,075 | ' |
Nonaccrual | 0 | 0 | ' |
Loans, net of unearned income | 3,543 | 3,075 | ' |
Consumer Credit Card [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 8 | 8 | ' |
60-89 DPD, Accrual Loans | 5 | 5 | ' |
90 plus DPD, Accrual Loans | 11 | 12 | ' |
Total 30 plus DPD, Accrual Loans | 24 | 25 | ' |
Total Accrual | 964 | 948 | ' |
Nonaccrual | 0 | 0 | ' |
Loans, net of unearned income | 964 | 948 | ' |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 15 | 14 | ' |
60-89 DPD, Accrual Loans | 3 | 5 | ' |
90 plus DPD, Accrual Loans | 3 | 4 | ' |
Total 30 plus DPD, Accrual Loans | 21 | 23 | ' |
Total Accrual | 1,177 | 1,161 | ' |
Nonaccrual | 0 | 0 | ' |
Loans, net of unearned income | 1,177 | 1,161 | ' |
Total Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 DPD, Accrual Loans | 235 | 286 | ' |
60-89 DPD, Accrual Loans | 121 | 146 | ' |
90 plus DPD, Accrual Loans | 338 | 344 | ' |
Total 30 plus DPD, Accrual Loans | 694 | 776 | ' |
Total Accrual | 28,693 | 28,384 | ' |
Nonaccrual | 223 | 257 | ' |
Loans, net of unearned income | $28,916 | $28,641 | ' |
Loans_and_the_Allowance_for_Cr6
Loans and the Allowance for Credit Losses (Impaired Financing Receivables) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | $2,277 | [1] | ' | $2,277 | [1] | ' | $2,892 | [1] |
Chargeoffs And Payments Applied | 204 | [2] | ' | 204 | [2] | ' | 226 | [2] |
Total Impaired Loans on Non-accrual Status | 2,073 | [3] | ' | 2,073 | [3] | ' | 2,666 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 73 | [3] | ' | 73 | [3] | ' | 116 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 2,000 | [3] | ' | 2,000 | [3] | ' | 2,550 | [3] |
Related Allowance for Loan Losses | 363 | ' | 363 | ' | 446 | |||
Coverage Percentage | 24.90% | [4] | ' | 24.90% | [4] | ' | 23.20% | [4] |
Average Balance | 2,132 | 3,872 | 2,371 | 4,100 | ' | |||
Interest Income Recognized | 17 | 29 | 63 | 94 | ' | |||
Commercial And Industrial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 340 | [1] | ' | 340 | [1] | ' | 525 | [1] |
Chargeoffs And Payments Applied | 54 | [2] | ' | 54 | [2] | ' | 50 | [2] |
Total Impaired Loans on Non-accrual Status | 286 | [3] | ' | 286 | [3] | ' | 475 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 18 | [3] | ' | 18 | [3] | ' | 45 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 268 | [3] | ' | 268 | [3] | ' | 430 | [3] |
Related Allowance for Loan Losses | 93 | ' | 93 | ' | 106 | |||
Coverage Percentage | 43.20% | [4] | ' | 43.20% | [4] | ' | 29.70% | [4] |
Average Balance | 296 | 636 | 382 | 649 | ' | |||
Interest Income Recognized | 2 | 4 | 7 | 10 | ' | |||
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 487 | [1] | ' | 487 | [1] | ' | 552 | [1] |
Chargeoffs And Payments Applied | 40 | [2] | ' | 40 | [2] | ' | 47 | [2] |
Total Impaired Loans on Non-accrual Status | 447 | [3] | ' | 447 | [3] | ' | 505 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 42 | [3] | ' | 42 | [3] | ' | 54 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 405 | [3] | ' | 405 | [3] | ' | 451 | [3] |
Related Allowance for Loan Losses | 109 | ' | 109 | ' | 115 | |||
Coverage Percentage | 30.60% | [4] | ' | 30.60% | [4] | ' | 29.30% | [4] |
Average Balance | 464 | 551 | 491 | 598 | ' | |||
Interest Income Recognized | 2 | 2 | 9 | 8 | ' | |||
Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 25 | [1] | ' | 25 | [1] | ' | 42 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 25 | [3] | ' | 25 | [3] | ' | 42 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 25 | [3] | ' | 25 | [3] | ' | 42 | [3] |
Related Allowance for Loan Losses | 2 | ' | 2 | ' | 9 | |||
Coverage Percentage | 8.00% | [4] | ' | 8.00% | [4] | ' | 21.40% | [4] |
Average Balance | 30 | 40 | 36 | 38 | ' | |||
Interest Income Recognized | 1 | 0 | 1 | 1 | ' | |||
Total Commercial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 852 | [1] | ' | 852 | [1] | ' | 1,119 | [1] |
Chargeoffs And Payments Applied | 94 | [2] | ' | 94 | [2] | ' | 97 | [2] |
Total Impaired Loans on Non-accrual Status | 758 | [3] | ' | 758 | [3] | ' | 1,022 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 60 | [3] | ' | 60 | [3] | ' | 99 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 698 | [3] | ' | 698 | [3] | ' | 923 | [3] |
Related Allowance for Loan Losses | 204 | ' | 204 | ' | 230 | |||
Coverage Percentage | 35.00% | [4] | ' | 35.00% | [4] | ' | 29.20% | [4] |
Average Balance | 790 | 1,227 | 909 | 1,285 | ' | |||
Interest Income Recognized | 5 | 6 | 17 | 19 | ' | |||
Commercial Investor Real Estate Mortgage [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 475 | [1] | ' | 475 | [1] | ' | 741 | [1] |
Chargeoffs And Payments Applied | 54 | [2] | ' | 54 | [2] | ' | 79 | [2] |
Total Impaired Loans on Non-accrual Status | 421 | [3] | ' | 421 | [3] | ' | 662 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 13 | [3] | ' | 13 | [3] | ' | 17 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 408 | [3] | ' | 408 | [3] | ' | 645 | [3] |
Related Allowance for Loan Losses | 71 | ' | 71 | ' | 107 | |||
Coverage Percentage | 26.30% | [4] | ' | 26.30% | [4] | ' | 25.10% | [4] |
Average Balance | 446 | 940 | 532 | 1,071 | ' | |||
Interest Income Recognized | 4 | 7 | 18 | 24 | ' | |||
Commercial Investor Real Estate Construction [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 53 | [1] | ' | 53 | [1] | ' | 104 | [1] |
Chargeoffs And Payments Applied | 8 | [2] | ' | 8 | [2] | ' | 5 | [2] |
Total Impaired Loans on Non-accrual Status | 45 | [3] | ' | 45 | [3] | ' | 99 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 45 | [3] | ' | 45 | [3] | ' | 99 | [3] |
Related Allowance for Loan Losses | 9 | ' | 9 | ' | 11 | |||
Coverage Percentage | 32.10% | [4] | ' | 32.10% | [4] | ' | 15.40% | [4] |
Average Balance | 44 | 108 | 68 | 121 | ' | |||
Interest Income Recognized | 0 | 1 | 2 | 5 | ' | |||
Total Investor Real Estate [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 528 | [1] | ' | 528 | [1] | ' | 845 | [1] |
Chargeoffs And Payments Applied | 62 | [2] | ' | 62 | [2] | ' | 84 | [2] |
Total Impaired Loans on Non-accrual Status | 466 | [3] | ' | 466 | [3] | ' | 761 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 13 | [3] | ' | 13 | [3] | ' | 17 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 453 | [3] | ' | 453 | [3] | ' | 744 | [3] |
Related Allowance for Loan Losses | 80 | ' | 80 | ' | 118 | |||
Coverage Percentage | 26.90% | [4] | ' | 26.90% | [4] | ' | 23.90% | [4] |
Average Balance | 490 | 1,048 | 600 | 1,192 | ' | |||
Interest Income Recognized | 4 | 8 | 20 | 29 | ' | |||
Residential First Mortgage [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 487 | [1] | ' | 487 | [1] | ' | 509 | [1] |
Chargeoffs And Payments Applied | 35 | [2] | ' | 35 | [2] | ' | 45 | [2] |
Total Impaired Loans on Non-accrual Status | 452 | [3] | ' | 452 | [3] | ' | 464 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 452 | [3] | ' | 452 | [3] | ' | 464 | [3] |
Related Allowance for Loan Losses | 63 | ' | 63 | ' | 72 | |||
Coverage Percentage | 20.10% | [4] | ' | 20.10% | [4] | ' | 23.00% | [4] |
Average Balance | 451 | 1,163 | 454 | 1,176 | ' | |||
Interest Income Recognized | 3 | 9 | 10 | 28 | ' | |||
Home Equity [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 389 | [1] | ' | 389 | [1] | ' | 390 | [1] |
Chargeoffs And Payments Applied | 13 | [2] | ' | 13 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 376 | [3] | ' | 376 | [3] | ' | 390 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 376 | [3] | ' | 376 | [3] | ' | 390 | [3] |
Related Allowance for Loan Losses | 16 | ' | 16 | ' | 25 | |||
Coverage Percentage | 7.50% | [4] | ' | 7.50% | [4] | ' | 6.40% | [4] |
Average Balance | 379 | 401 | 383 | 411 | ' | |||
Interest Income Recognized | 5 | 5 | 15 | 16 | ' | |||
Indirect [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 1 | [1] | ' | 1 | [1] | ' | 1 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 1 | [3] | ' | 1 | [3] | ' | 1 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 1 | [3] | ' | 1 | [3] | ' | 1 | [3] |
Related Allowance for Loan Losses | 0 | ' | 0 | ' | 0 | |||
Coverage Percentage | 0.00% | [4] | ' | 0.00% | [4] | ' | 0.00% | [4] |
Average Balance | 1 | 1 | 1 | 1 | ' | |||
Interest Income Recognized | 0 | 0 | 0 | 0 | ' | |||
Consumer Credit Card [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 2 | [1] | ' | 2 | [1] | ' | 2 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 2 | [3] | ' | 2 | [3] | ' | 2 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 2 | [3] | ' | 2 | [3] | ' | 2 | [3] |
Related Allowance for Loan Losses | 0 | ' | 0 | ' | 0 | |||
Coverage Percentage | 0.00% | [4] | ' | 0.00% | [4] | ' | 0.00% | [4] |
Average Balance | 2 | 2 | 2 | 1 | ' | |||
Interest Income Recognized | 0 | 0 | 0 | 0 | ' | |||
Other Consumer [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 18 | [1] | ' | 18 | [1] | ' | 26 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 18 | [3] | ' | 18 | [3] | ' | 26 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 18 | [3] | ' | 18 | [3] | ' | 26 | [3] |
Related Allowance for Loan Losses | 0 | ' | 0 | ' | 1 | |||
Coverage Percentage | 0.00% | [4] | ' | 0.00% | [4] | ' | 3.80% | [4] |
Average Balance | 19 | 30 | 22 | 34 | ' | |||
Interest Income Recognized | 0 | 1 | 1 | 2 | ' | |||
Total Consumer [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 897 | [1] | ' | 897 | [1] | ' | 928 | [1] |
Chargeoffs And Payments Applied | 48 | [2] | ' | 48 | [2] | ' | 45 | [2] |
Total Impaired Loans on Non-accrual Status | 849 | [3] | ' | 849 | [3] | ' | 883 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 849 | [3] | ' | 849 | [3] | ' | 883 | [3] |
Related Allowance for Loan Losses | 79 | ' | 79 | ' | 98 | |||
Coverage Percentage | 14.20% | [4] | ' | 14.20% | [4] | ' | 15.40% | [4] |
Average Balance | 852 | 1,597 | 862 | 1,623 | ' | |||
Interest Income Recognized | 8 | 15 | 26 | 46 | ' | |||
Non Accrual [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 849 | [1] | ' | 849 | [1] | ' | 1,090 | [1] |
Chargeoffs And Payments Applied | 169 | [2] | ' | 169 | [2] | ' | 198 | [2] |
Total Impaired Loans on Non-accrual Status | 680 | [3] | ' | 680 | [3] | ' | 892 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 73 | [3] | ' | 73 | [3] | ' | 116 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 607 | [3] | ' | 607 | [3] | ' | 776 | [3] |
Related Allowance for Loan Losses | 206 | ' | 206 | ' | 256 | |||
Coverage Percentage | 44.20% | [4] | ' | 44.20% | [4] | ' | 41.70% | [4] |
Non Accrual [Member] | Commercial And Industrial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 238 | [1] | ' | 238 | [1] | ' | 280 | [1] |
Chargeoffs And Payments Applied | 51 | [2] | ' | 51 | [2] | ' | 48 | [2] |
Total Impaired Loans on Non-accrual Status | 187 | [3] | ' | 187 | [3] | ' | 232 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 18 | [3] | ' | 18 | [3] | ' | 45 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 169 | [3] | ' | 169 | [3] | ' | 187 | [3] |
Related Allowance for Loan Losses | 72 | ' | 72 | ' | 72 | |||
Coverage Percentage | 51.70% | [4] | ' | 51.70% | [4] | ' | 42.90% | [4] |
Non Accrual [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 310 | [1] | ' | 310 | [1] | ' | 343 | [1] |
Chargeoffs And Payments Applied | 32 | [2] | ' | 32 | [2] | ' | 40 | [2] |
Total Impaired Loans on Non-accrual Status | 278 | [3] | ' | 278 | [3] | ' | 303 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 42 | [3] | ' | 42 | [3] | ' | 54 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 236 | [3] | ' | 236 | [3] | ' | 249 | [3] |
Related Allowance for Loan Losses | 87 | ' | 87 | ' | 92 | |||
Coverage Percentage | 38.40% | [4] | ' | 38.40% | [4] | ' | 38.50% | [4] |
Non Accrual [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 2 | [1] | ' | 2 | [1] | ' | 17 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 2 | [3] | ' | 2 | [3] | ' | 17 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 2 | [3] | ' | 2 | [3] | ' | 17 | [3] |
Related Allowance for Loan Losses | 1 | ' | 1 | ' | 8 | |||
Coverage Percentage | 50.00% | [4] | ' | 50.00% | [4] | ' | 47.10% | [4] |
Non Accrual [Member] | Total Commercial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 550 | [1] | ' | 550 | [1] | ' | 640 | [1] |
Chargeoffs And Payments Applied | 83 | [2] | ' | 83 | [2] | ' | 88 | [2] |
Total Impaired Loans on Non-accrual Status | 467 | [3] | ' | 467 | [3] | ' | 552 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 60 | [3] | ' | 60 | [3] | ' | 99 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 407 | [3] | ' | 407 | [3] | ' | 453 | [3] |
Related Allowance for Loan Losses | 160 | ' | 160 | ' | 172 | |||
Coverage Percentage | 44.20% | [4] | ' | 44.20% | [4] | ' | 40.60% | [4] |
Non Accrual [Member] | Commercial Investor Real Estate Mortgage [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 177 | [1] | ' | 177 | [1] | ' | 306 | [1] |
Chargeoffs And Payments Applied | 44 | [2] | ' | 44 | [2] | ' | 68 | [2] |
Total Impaired Loans on Non-accrual Status | 133 | [3] | ' | 133 | [3] | ' | 238 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 13 | [3] | ' | 13 | [3] | ' | 17 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 120 | [3] | ' | 120 | [3] | ' | 221 | [3] |
Related Allowance for Loan Losses | 36 | ' | 36 | ' | 68 | |||
Coverage Percentage | 45.20% | [4] | ' | 45.20% | [4] | ' | 44.40% | [4] |
Non Accrual [Member] | Commercial Investor Real Estate Construction [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 10 | [1] | ' | 10 | [1] | ' | 15 | [1] |
Chargeoffs And Payments Applied | 8 | [2] | ' | 8 | [2] | ' | 5 | [2] |
Total Impaired Loans on Non-accrual Status | 2 | [3] | ' | 2 | [3] | ' | 10 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 2 | [3] | ' | 2 | [3] | ' | 10 | [3] |
Related Allowance for Loan Losses | 1 | ' | 1 | ' | 3 | |||
Coverage Percentage | 90.00% | [4] | ' | 90.00% | [4] | ' | 53.30% | [4] |
Non Accrual [Member] | Total Investor Real Estate [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 187 | [1] | ' | 187 | [1] | ' | 321 | [1] |
Chargeoffs And Payments Applied | 52 | [2] | ' | 52 | [2] | ' | 73 | [2] |
Total Impaired Loans on Non-accrual Status | 135 | [3] | ' | 135 | [3] | ' | 248 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 13 | [3] | ' | 13 | [3] | ' | 17 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 122 | [3] | ' | 122 | [3] | ' | 231 | [3] |
Related Allowance for Loan Losses | 37 | ' | 37 | ' | 71 | |||
Coverage Percentage | 47.60% | [4] | ' | 47.60% | [4] | ' | 44.90% | [4] |
Non Accrual [Member] | Residential First Mortgage [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 88 | [1] | ' | 88 | [1] | ' | 112 | [1] |
Chargeoffs And Payments Applied | 27 | [2] | ' | 27 | [2] | ' | 37 | [2] |
Total Impaired Loans on Non-accrual Status | 61 | [3] | ' | 61 | [3] | ' | 75 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 61 | [3] | ' | 61 | [3] | ' | 75 | [3] |
Related Allowance for Loan Losses | 8 | ' | 8 | ' | 12 | |||
Coverage Percentage | 39.80% | [4] | ' | 39.80% | [4] | ' | 43.80% | [4] |
Non Accrual [Member] | Home Equity [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 24 | [1] | ' | 24 | [1] | ' | 17 | [1] |
Chargeoffs And Payments Applied | 7 | [2] | ' | 7 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 17 | [3] | ' | 17 | [3] | ' | 17 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 17 | [3] | ' | 17 | [3] | ' | 17 | [3] |
Related Allowance for Loan Losses | 1 | ' | 1 | ' | 1 | |||
Coverage Percentage | 33.30% | [4] | ' | 33.30% | [4] | ' | 5.90% | [4] |
Non Accrual [Member] | Total Consumer [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 112 | [1] | ' | 112 | [1] | ' | 129 | [1] |
Chargeoffs And Payments Applied | 34 | [2] | ' | 34 | [2] | ' | 37 | [2] |
Total Impaired Loans on Non-accrual Status | 78 | [3] | ' | 78 | [3] | ' | 92 | [3] |
Impaired Loans on Non-accrual Status with No Related Allowance | 0 | [3] | ' | 0 | [3] | ' | 0 | [3] |
Impaired Loans on Non-accrual Status with Related Allowance | 78 | [3] | ' | 78 | [3] | ' | 92 | [3] |
Related Allowance for Loan Losses | 9 | ' | 9 | ' | 13 | |||
Coverage Percentage | 38.40% | [4] | ' | 38.40% | [4] | ' | 38.80% | [4] |
Accrual [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 1,428 | [1] | ' | 1,428 | [1] | ' | 1,802 | [1] |
Chargeoffs And Payments Applied | 35 | [2] | ' | 35 | [2] | ' | 28 | [2] |
Total Impaired Loans on Non-accrual Status | 1,393 | [3] | ' | 1,393 | [3] | ' | 1,774 | [3] |
Related Allowance for Loan Losses | 157 | ' | 157 | ' | 190 | |||
Coverage Percentage | 13.40% | [4] | ' | 13.40% | [4] | ' | 12.10% | [4] |
Accrual [Member] | Commercial And Industrial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 102 | [1] | ' | 102 | [1] | ' | 245 | [1] |
Chargeoffs And Payments Applied | 3 | [2] | ' | 3 | [2] | ' | 2 | [2] |
Total Impaired Loans on Non-accrual Status | 99 | [3] | ' | 99 | [3] | ' | 243 | [3] |
Related Allowance for Loan Losses | 21 | ' | 21 | ' | 34 | |||
Coverage Percentage | 23.50% | [4] | ' | 23.50% | [4] | ' | 14.70% | [4] |
Accrual [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 177 | [1] | ' | 177 | [1] | ' | 209 | [1] |
Chargeoffs And Payments Applied | 8 | [2] | ' | 8 | [2] | ' | 7 | [2] |
Total Impaired Loans on Non-accrual Status | 169 | [3] | ' | 169 | [3] | ' | 202 | [3] |
Related Allowance for Loan Losses | 22 | ' | 22 | ' | 23 | |||
Coverage Percentage | 16.90% | [4] | ' | 16.90% | [4] | ' | 14.40% | [4] |
Accrual [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 23 | [1] | ' | 23 | [1] | ' | 25 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 23 | [3] | ' | 23 | [3] | ' | 25 | [3] |
Related Allowance for Loan Losses | 1 | ' | 1 | ' | 1 | |||
Coverage Percentage | 4.30% | [4] | ' | 4.30% | [4] | ' | 4.00% | [4] |
Accrual [Member] | Total Commercial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 302 | [1] | ' | 302 | [1] | ' | 479 | [1] |
Chargeoffs And Payments Applied | 11 | [2] | ' | 11 | [2] | ' | 9 | [2] |
Total Impaired Loans on Non-accrual Status | 291 | [3] | ' | 291 | [3] | ' | 470 | [3] |
Related Allowance for Loan Losses | 44 | ' | 44 | ' | 58 | |||
Coverage Percentage | 18.20% | [4] | ' | 18.20% | [4] | ' | 14.00% | [4] |
Accrual [Member] | Commercial Investor Real Estate Mortgage [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 298 | [1] | ' | 298 | [1] | ' | 435 | [1] |
Chargeoffs And Payments Applied | 10 | [2] | ' | 10 | [2] | ' | 11 | [2] |
Total Impaired Loans on Non-accrual Status | 288 | [3] | ' | 288 | [3] | ' | 424 | [3] |
Related Allowance for Loan Losses | 35 | ' | 35 | ' | 39 | |||
Coverage Percentage | 15.10% | [4] | ' | 15.10% | [4] | ' | 11.50% | [4] |
Accrual [Member] | Commercial Investor Real Estate Construction [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 43 | [1] | ' | 43 | [1] | ' | 89 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 43 | [3] | ' | 43 | [3] | ' | 89 | [3] |
Related Allowance for Loan Losses | 8 | ' | 8 | ' | 8 | |||
Coverage Percentage | 18.60% | [4] | ' | 18.60% | [4] | ' | 9.00% | [4] |
Accrual [Member] | Total Investor Real Estate [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 341 | [1] | ' | 341 | [1] | ' | 524 | [1] |
Chargeoffs And Payments Applied | 10 | [2] | ' | 10 | [2] | ' | 11 | [2] |
Total Impaired Loans on Non-accrual Status | 331 | [3] | ' | 331 | [3] | ' | 513 | [3] |
Related Allowance for Loan Losses | 43 | ' | 43 | ' | 47 | |||
Coverage Percentage | 15.50% | [4] | ' | 15.50% | [4] | ' | 11.10% | [4] |
Accrual [Member] | Residential First Mortgage [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 399 | [1] | ' | 399 | [1] | ' | 397 | [1] |
Chargeoffs And Payments Applied | 8 | [2] | ' | 8 | [2] | ' | 8 | [2] |
Total Impaired Loans on Non-accrual Status | 391 | [3] | ' | 391 | [3] | ' | 389 | [3] |
Related Allowance for Loan Losses | 55 | ' | 55 | ' | 60 | |||
Coverage Percentage | 15.80% | [4] | ' | 15.80% | [4] | ' | 17.10% | [4] |
Accrual [Member] | Home Equity [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 365 | [1] | ' | 365 | [1] | ' | 373 | [1] |
Chargeoffs And Payments Applied | 6 | [2] | ' | 6 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 359 | [3] | ' | 359 | [3] | ' | 373 | [3] |
Related Allowance for Loan Losses | 15 | ' | 15 | ' | 24 | |||
Coverage Percentage | 5.80% | [4] | ' | 5.80% | [4] | ' | 6.40% | [4] |
Accrual [Member] | Indirect [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 1 | [1] | ' | 1 | [1] | ' | 1 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 1 | [3] | ' | 1 | [3] | ' | 1 | [3] |
Related Allowance for Loan Losses | 0 | ' | 0 | ' | 0 | |||
Coverage Percentage | 0.00% | [4] | ' | 0.00% | [4] | ' | 0.00% | [4] |
Accrual [Member] | Consumer Credit Card [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 2 | [1] | ' | 2 | [1] | ' | 2 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 2 | [3] | ' | 2 | [3] | ' | 2 | [3] |
Related Allowance for Loan Losses | 0 | ' | 0 | ' | 0 | |||
Coverage Percentage | 0.00% | [4] | ' | 0.00% | [4] | ' | 0.00% | [4] |
Accrual [Member] | Other Consumer [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 18 | [1] | ' | 18 | [1] | ' | 26 | [1] |
Chargeoffs And Payments Applied | 0 | [2] | ' | 0 | [2] | ' | 0 | [2] |
Total Impaired Loans on Non-accrual Status | 18 | [3] | ' | 18 | [3] | ' | 26 | [3] |
Related Allowance for Loan Losses | 0 | ' | 0 | ' | 1 | |||
Coverage Percentage | 0.00% | [4] | ' | 0.00% | [4] | ' | 3.80% | [4] |
Accrual [Member] | Total Consumer [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Principal Balance | 785 | [1] | ' | 785 | [1] | ' | 799 | [1] |
Chargeoffs And Payments Applied | 14 | [2] | ' | 14 | [2] | ' | 8 | [2] |
Total Impaired Loans on Non-accrual Status | 771 | [3] | ' | 771 | [3] | ' | 791 | [3] |
Related Allowance for Loan Losses | $70 | ' | $70 | ' | $85 | |||
Coverage Percentage | 10.70% | [4] | ' | 10.70% | [4] | ' | 11.60% | [4] |
[1] | Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied. | |||||||
[2] | Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance. | |||||||
[3] | Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses. | |||||||
[4] | Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance. |
Loans_and_the_Allowance_for_Cr7
Loans and the Allowance for Credit Losses (Troubled Debt Restructurings on Financing Receivables) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 582 | 921 | 1,853 | 2,849 |
Recorded Investment | $247 | $473 | $851 | $1,576 |
Increase in Allowance at Modification | 9 | 9 | 25 | 30 |
Commercial And Industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 67 | 109 | 216 | 335 |
Recorded Investment | 72 | 135 | 236 | 445 |
Increase in Allowance at Modification | 2 | 1 | 4 | 2 |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 61 | 93 | 218 | 272 |
Recorded Investment | 49 | 78 | 196 | 251 |
Increase in Allowance at Modification | 1 | 1 | 4 | 3 |
Commercial Real Estate Construction - Owner-Occupied [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 0 | 2 | 3 | 5 |
Recorded Investment | 0 | 3 | 3 | 30 |
Increase in Allowance at Modification | 0 | 0 | 0 | 0 |
Total Commercial [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 128 | 204 | 437 | 612 |
Recorded Investment | 121 | 216 | 435 | 726 |
Increase in Allowance at Modification | 3 | 2 | 8 | 5 |
Commercial investor real estate mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 43 | 98 | 193 | 321 |
Recorded Investment | 66 | 173 | 274 | 569 |
Increase in Allowance at Modification | 1 | 1 | 5 | 3 |
Commercial Investor Real Estate Construction [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 8 | 21 | 36 | 64 |
Recorded Investment | 24 | 25 | 39 | 77 |
Increase in Allowance at Modification | 1 | 0 | 1 | 0 |
Total Investor Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 51 | 119 | 229 | 385 |
Recorded Investment | 90 | 198 | 313 | 646 |
Increase in Allowance at Modification | 2 | 1 | 6 | 3 |
Residential First Mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 144 | 293 | 408 | 965 |
Recorded Investment | 26 | 47 | 71 | 169 |
Increase in Allowance at Modification | 4 | 5 | 11 | 19 |
Home Equity [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 142 | 172 | 481 | 451 |
Recorded Investment | 8 | 10 | 28 | 29 |
Increase in Allowance at Modification | 0 | 1 | 0 | 3 |
Consumer Credit Card [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 40 | 57 | 104 | 202 |
Recorded Investment | 1 | 1 | 1 | 3 |
Increase in Allowance at Modification | 0 | 0 | 0 | 0 |
Indirect And Other Consumer [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 77 | 76 | 194 | 234 |
Recorded Investment | 1 | 1 | 3 | 3 |
Increase in Allowance at Modification | 0 | 0 | 0 | 0 |
Total Consumer [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Obligors | 403 | 598 | 1,187 | 1,852 |
Recorded Investment | 36 | 59 | 103 | 204 |
Increase in Allowance at Modification | $4 | $6 | $11 | $22 |
Loans_and_the_Allowance_for_Cr8
Loans and the Allowance for Credit Losses (Defaulted Troubled Debt Restructurings) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | $15 | $42 | $87 | $185 |
Commercial And Industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 2 | 1 | 48 | 29 |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 10 | 5 | 17 | 28 |
Total Commercial [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 12 | 6 | 65 | 57 |
Commercial investor real estate mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 1 | 5 | 5 | 60 |
Commercial Investor Real Estate Construction [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 0 | 19 | 1 | 24 |
Total Investor Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 1 | 24 | 6 | 84 |
Residential First Mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 2 | 11 | 14 | 40 |
Home Equity [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | 0 | 1 | 2 | 4 |
Total Consumer [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Defaulted during period, where modified in a TDR twelve months prior to default | $2 | $12 | $16 | $44 |
Narrative_Details
Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Amount of loans first reported as new TDRs | ' | ' | $316,000,000 | $607,000,000 | ' |
Nonperforming Loans Classified As Held For Sale | 38,000,000 | ' | 38,000,000 | ' | 82,000,000 |
Re-Defaulted Commercial And Investor Real Estate Loans Modified In Tdr During Period And On Non Accrual Status | 73,000,000 | ' | ' | ' | ' |
Re-Defaulted Commercial And Investor Real Estate Loans Modified In Tdr During Period On Non Accrual Status and 90 days or more past due | 0.131 | ' | ' | ' | ' |
Nonperforming Loans Transferred To Held For Sale Net Of Charge Offs | 36,000,000 | 27,000,000 | 69,000,000 | 96,000,000 | ' |
Nonperforming Loans Chargeoffs Upon Transfer To Held For Sale | 11,000,000 | 14,000,000 | 26,000,000 | 55,000,000 | ' |
Loans and Loans Held For Sale on Nonaccrual Status | 875,000,000 | ' | 875,000,000 | ' | 1,200,000,000 |
Quantitative Scope For Specific Evaluation For Impairment | ' | ' | 2,500,000 | 2,500,000 | ' |
Consumer Loans Default at 90 Days Past Due and Still Accruing | ' | ' | '90 days | ' | ' |
Total Restructured Binding Unfunded Commitment | 151,000,000 | ' | 151,000,000 | ' | ' |
Federal Home Loan Bank [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Pledged loans | 13,200,000,000 | ' | 13,200,000,000 | ' | ' |
Federal Reserve [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Pledged loans | 29,400,000,000 | ' | 29,400,000,000 | ' | ' |
Indirect Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Indirect loans purchased | 296,000,000 | 277,000,000 | 814,000,000 | 733,000,000 | ' |
Residential First Mortgage [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring Modification Recorded Investment In Excess Of One Hundred Eighty Days Past Due And Collateral Dependent | ' | ' | 73,000,000 | ' | ' |
Home Equity First Lien [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring Modification Recorded Investment In Excess Of One Hundred Eighty Days Past Due And Collateral Dependent | ' | ' | 8,000,000 | ' | ' |
Home Equity Second Lien [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
TDRs in excess of 120 days past due and collateral dependent | ' | ' | $6,000,000 | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Financing period for consumer loans, in years | ' | ' | '15 years | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Financing period for consumer loans, in years | ' | ' | '30 years | ' | ' |
Servicing_of_Financial_Assets_1
Servicing of Financial Assets (Analysis Of Mortgage Servicing Rights Under The Fair Value Measurement Method) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Servicing Assets at Fair Value [Line Items] | ' | ' | ' | ' |
Servicing Asset at Fair Value, Amount | $276 | $276 | $297 | $191 |
Additions | 9 | 13 | 24 | 73 |
Increase in fair value, due to change in valuation inputs or assumptions | -3 | 0 | -28 | 45 |
Increase in fair value, economic amortization associated with borrower repayments | -5 | -8 | -16 | -28 |
Servicing Asset at Fair Value, Amount | $277 | $281 | $277 | $281 |
Servicing_of_Financial_Assets_2
Servicing of Financial Assets (Data And Assumptions Used In The Fair Value Calculation As Well As The Valuation's Sensitivity To Rate Fluctuations Related To Mortgage Servicing Rights) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
BasisPoint | BasisPoint | |
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ' | ' |
Unpaid principal balance | $26,943 | $28,234 |
Weighted-average prepayment speed (CPR; percentage) | 10.90% | 9.40% |
Estimated impact on fair value of a 10% increase in prepayment speed | -15 | -12 |
Estimated impact on fair value of a 20% increase in prepayment speed | -28 | -24 |
Option-adjusted spread (basis points) | 789 | 1,014 |
Estimated impact on fair value of a 10% increase in other assumptions | -8 | -10 |
Estimated impact on fair value of a 20% increase in other assumptions | ($17) | ($20) |
Weighted-average coupon interest rate | 4.50% | 4.50% |
Weighted-average remaining maturity (months) | '279 months | '279 months |
Weighted-average servicing fee (basis points) | 27.8 | 27.7 |
Servicing_of_Financial_Assets_3
Servicing of Financial Assets (Schedule Of Fees Resulting From The Servicing Of Mortgage Loans) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Transfers and Servicing of Financial Assets [Abstract] | ' | ' | ' | ' |
Servicing related fees and other ancillary income | $21 | $22 | $64 | $64 |
Servicing_of_Financial_Assets_4
Servicing of Financial Assets (Analysis Of Repurchase Liability Related To Mortgage Loans Sold With Representations And Warranty Provisions) (Details) (Obligation to Repurchase Receivables Sold [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Obligation to Repurchase Receivables Sold [Member] | ' | ' | ' | ' |
Assets Sold under Agreements to Repurchase [Line Items] | ' | ' | ' | ' |
Valuation Allowances and Reserves, Balance | $34 | $40 | $39 | $40 |
Additions | -5 | 8 | -3 | 23 |
Losses | -1 | -8 | -8 | -23 |
Valuation Allowances and Reserves, Balance | $28 | $40 | $28 | $40 |
Servicing_of_Financial_Assets_5
Servicing of Financial Assets Servicing of Financial Assets Narrative (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Jul. 18, 2014 | Sep. 30, 2014 | Jul. 18, 2014 | Mar. 29, 2013 | Sep. 30, 2014 | Jul. 18, 2014 |
In Millions, unless otherwise specified | Licensing Agreements [Member] | Licensing Agreements [Member] | DUS Portfolio [Member] | DUS Portfolio [Member] | Residential Mortgage [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
License Costs | ' | ' | $15 | $15 | ' | ' | ' | ' | ' |
Unpaid principal balance | 26,943 | 28,234 | ' | ' | 1,000 | 1,000 | 3,000 | ' | ' |
Servicing Asset at Amortized Cost | ' | ' | ' | ' | ' | ' | ' | 12 | 12 |
Payments for (Proceeds from) Mortgage Servicing Rights | ' | ' | ' | ' | ' | ' | $28 | ' | ' |
Goodwill_Schedule_of_Goodwill_
Goodwill (Schedule of Goodwill) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Goodwill [Line Items] | ' | ' |
Goodwill | $4,816 | $4,816 |
Business Services [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill | 2,552 | 2,552 |
Consumer Services [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill | 1,797 | 1,797 |
Wealth Management [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill | $467 | $467 |
Recovered_Sheet1
Stockholders' Equity And Accumulated Other Comprehensive Income (Loss) (Narrative) (Details) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | |||||||||||||||
In Millions, except Per Share data, unless otherwise specified | Apr. 24, 2014 | Mar. 19, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Nov. 04, 2014 |
Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series B Preferred Stock [Member] | Non Cumulative Perpetual Preferred Stock [Member] | Non Cumulative Perpetual Preferred Stock [Member] | Debt Instrument, Redemption, Period One [Member] | Subsequent Event [Member] | ||||||||||||
Preferred Stock [Member] | Preferred Stock [Member] | Non Cumulative Perpetual Preferred Stock [Member] | ||||||||||||||||||||
Depositary Shares [Member] | Series A Preferred Stock [Member] | |||||||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, liquidation preference per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | $25 | ' | ' |
Preferred Stock, Redemption Terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '90 days | ' |
Dividends, Preferred Stock | ' | ' | ' | ' | ' | ' | ' | ' | $36 | $24 | ' | $8 | $8 | $8 | $8 | $8 | $8 | $12 | ' | ' | ' | ' |
Payments for Repurchase of Common Stock | ' | ' | ' | ' | 8 | ' | ' | ' | 8 | 340 | 347 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 114.7 |
Stock Repurchase Program, Remaining Authorized Repurchase Amount, Unused Portion | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | ' | ' | $0.05 | $0.05 | $0.03 | $0.03 | $0.03 | $0.01 | $0.13 | $0.07 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock purchase plan | $350 | $350 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchased and Retired During Period, Shares | ' | ' | 0 | ' | 1 | ' | ' | ' | ' | ' | 37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11.6 |
Stockholders_Equity_and_Accumu2
Stockholders' Equity and Accumulated Other Comprehensive Income Preferred Stock Issuances (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 15, 2024 | |
In Millions, unless otherwise specified | Series B Preferred Stock [Member] | Series A Preferred Stock [Member] | Subsequent Event [Member] | ||
Depositary Shares [Member] | |||||
Series B Preferred Stock [Member] | |||||
Plus 3-Month LIBOR [Member] | |||||
Non Cumulative Perpetual Preferred Stock [Member] | |||||
Preferred Units [Line Items] | ' | ' | ' | ' | |
Auction Market Preferred Securities, Stock Series, Liquidation Value | $1,000 | $500 | [1] | $500 | ' |
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount | $900 | $473 | [1] | $427 | ' |
Preferred Stock, Dividend Rate, Percentage | ' | 6.38% | [1] | 6.38% | 3.54% |
[1] | Dividends, if declared, will be paid quarterly at an annual rate equal to (i) for each period beginning prior to September 15, 2024, 6.375%, and (ii) for each period beginning on or after September 15, 2024, three-month LIBOR plus 3.536%. |
Stockholders_Equity_and_Accumu3
Stockholders' Equity and Accumulated Other Comprehensive Income Schedule of Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Equity [Abstract] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Held to Maturity, Net Securities Adjustment, Net of Tax, Period Start | ($60) | ($68) | ($64) | $0 |
Other Comprehensive Income (Loss), Unrealized Losses on Securitites, Transfered to Held to Maturity, adjustment, net of tax | 2 | 2 | 6 | -66 |
Accumulated Other Comprehensive Income (Loss), Held to Maturity, Net Securities Adjustment, Net of Tax, Period End | -58 | -66 | -58 | -66 |
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Period Start | 203 | 0 | -22 | 436 |
Net change in unrealized gains and losses on securities available for sale, net of tax and reclassification adjustment | -92 | 41 | 133 | -395 |
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Period End | 111 | 41 | 111 | 41 |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax, Period Start | 44 | 35 | 15 | 93 |
Net change in unrealized gains and losses on derivative instruments, net of tax and reclassification adjustment | -37 | 12 | -8 | -46 |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax, Period End | 7 | 47 | 7 | 47 |
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax, Period Start | -239 | -445 | -248 | -464 |
Net change from defined benefit pension plans, net of tax | 5 | 12 | 14 | 31 |
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax, Period End | -234 | -433 | -234 | -433 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | -52 | -478 | -319 | 65 |
Other Comprehensive Income (Loss), Net of Tax | -122 | 67 | 145 | -476 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | ($174) | ($411) | ($174) | ($411) |
Stockholders_Equity_and_Accumu4
Stockholders' Equity and Accumulated Other Comprehensive Income Reclassification from Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Income tax (expense) benefit | ($127) | ($124) | ($380) | ($360) | ||||
Amortization of Unrealized Losses on Securities Transferred to Held to Maturity, Net of Tax | 2 | 2 | 6 | 2 | ||||
Securities gains (losses), net | 7 | 3 | 15 | 26 | ||||
Gain or Loss Reclassified from AOCI into Income | 34 | [1],[2] | 26 | [1],[2] | 91 | [1],[2] | 58 | [1],[2] |
Amortization of Prior Service Cost | 0 | 0 | 1 | 0 | ||||
Amortization of Actuarial Loss | 7 | 19 | 18 | 52 | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 19 | [3] | 4 | [3] | 47 | [3] | 18 | [3] |
Unrealized Loss, Held to Maturity Securities [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Amortization of Unrealized Losses on Securities Transferred to Held to Maturity into Income, Before Tax | -3 | [3] | -4 | [3] | -10 | [3] | -4 | [3] |
Income tax (expense) benefit | 1 | [3] | 2 | [3] | 4 | [3] | 2 | [3] |
Amortization of Unrealized Losses on Securities Transferred to Held to Maturity, Net of Tax | -2 | [3] | -2 | [3] | -6 | [3] | -2 | [3] |
Unrealized Gains and Losses, Available-for-Sale Securities [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Income tax (expense) benefit | -2 | [3] | -1 | [3] | -5 | [3] | -9 | [3] |
Unrealized Gains And Losses On Available-for-Sale Securities, Net of Tax | 5 | [3] | 2 | [3] | 10 | [3] | 17 | [3] |
Securities gains (losses), net | 7 | [3] | 3 | [3] | 15 | [3] | 26 | [3] |
Gains and Losses on Cash Flow Hedges [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Income tax (expense) benefit | -13 | [3] | -10 | [3] | -35 | [3] | -22 | [3] |
Gain and Loss on Cash Flow Hedges, Net of Tax | 21 | [3] | 16 | [3] | 56 | [3] | 36 | [3] |
Gain or Loss Reclassified from AOCI into Income | 34 | [3] | 26 | [3] | 91 | [3] | 58 | [3] |
Amortization of Defined Benefit Pension Items [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Amortization of Prior Service Cost | 0 | [3],[4] | 0 | [3],[4] | -1 | [3],[4] | 0 | [3],[4] |
Amortization of Actuarial Loss | -7 | [3],[4] | -19 | [3],[4] | -18 | [3],[4] | -52 | [3],[4] |
Amortization of Defined Benefit Pension Items, Total Before Tax | -7 | [3] | -19 | [3] | -19 | [3] | -52 | [3] |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax (Expense) or Benefit | 2 | [3] | 7 | [3] | 6 | [3] | 19 | [3] |
Amortization of Defined Benefit Pension Items, Net of Tax | ($5) | [3] | ($12) | [3] | ($13) | [3] | ($33) | [3] |
[1] | All cash flow hedges were highly effective for all periods presented, and the change in fair value attributed to hedge ineffectiveness was not material. | |||||||
[2] | Pre-tax | |||||||
[3] | Amounts in parentheses indicate reductions to net income. | |||||||
[4] | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost and are included in salaries and employee benefits on the consolidated statements of income (see Note 10 for additional details). |
Earnings_Loss_Per_Common_Share
Earnings (Loss) Per Common Share (Computation Of Basic And Diluted Earnings (Loss) Per Common Share) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Numerator [Abstract] | ' | ' | ' | ' | ||||
Income from continuing operations | $322 | $293 | $928 | $894 | ||||
Preferred stock dividends | -20 | -8 | -36 | -24 | ||||
Income (loss) from continuing operations available to common shareholders | 302 | 285 | 892 | 870 | ||||
Income (Loss) from discontinued operations, net of tax | 3 | 0 | 16 | 1 | ||||
Net income (loss) available to common shareholders | $305 | $285 | $908 | $871 | ||||
Earnings per share denominator [Abstract] | ' | ' | ' | ' | ||||
Weighted-average common shares outstanding—basic | 1,378 | 1,388 | 1,378 | 1,401 | ||||
Potential common shares | 11 | 17 | 12 | 14 | ||||
Weighted-average common shares outstanding—diluted | 1,389 | 1,405 | 1,390 | 1,415 | ||||
Earnings per common share from continuing operations: | ' | ' | ' | ' | ||||
Basic | $0.22 | [1] | $0.21 | [1] | $0.65 | [1] | $0.62 | [1] |
Diluted | $0.22 | [1] | $0.20 | [1] | $0.64 | [1] | $0.61 | [1] |
Earning (Loss) Per Common Share From Discontinued Operations [Abstract] | ' | ' | ' | ' | ||||
Basic | $0 | [1] | $0 | [1] | $0.01 | [1] | $0 | [1] |
Diluted | $0 | [1] | $0 | [1] | $0.01 | [1] | $0 | [1] |
Earnings per common share: | ' | ' | ' | ' | ||||
Basic | $0.22 | [1] | $0.21 | [1] | $0.66 | [1] | $0.62 | [1] |
Diluted | $0.22 | [1] | $0.20 | [1] | $0.65 | [1] | $0.62 | [1] |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 23 | 24 | 24 | 25 | ||||
[1] | Certain per share amounts may not appear to reconcile due to rounding. |
ShareBased_Payments_Summary_Of
Share-Based Payments (Summary Of Activity Related To Stock Options) (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Number of Options, Canceled/Forfeited | -4,486,405 | -3,699,256 |
Number of Options, Exercisable at end of period | 25,474,309 | 33,277,791 |
Number of Options, Outstanding at beginning of period | 32,127,235 | 38,258,204 |
Number of Options, Granted | 0 | 0 |
Number of Options, Exercised | -2,166,521 | -810,936 |
Number of Options, Outstanding at end of period | 25,474,309 | 33,748,012 |
Weighted-Average Exercise Price, Outstanding at beginning of period | $22.81 | $23.09 |
Weighted-Average Exercise Price, Granted | $0 | $0 |
Weighted-Average Exercise Price, Exercised | $4.52 | $5.22 |
Weighted-Average Exercise Price, Canceled/Forfeited | $30.44 | $25.91 |
Weighted-Average Exercise Price, Outstanding at end of period | $23.02 | $23.21 |
Weighted-Average Exercise Price, Exercisable at end of period | $23.02 | $23.45 |
ShareBased_Payments_Summary_Of1
Share-Based Payments (Summary Of Restricted Stock Award And Unit Activity) (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Disclosure Share Based Payments Summary Of Restricted Stock Award And Unit Activity [Abstract] | ' | ' |
Number of Shares, Non-vested at beginning of period | 16,212,198 | 11,945,179 |
Number of Shares, Granted | 5,368,113 | 6,327,865 |
Number of Shares, Vested | -2,623,699 | -1,481,659 |
Number of Shares, Forfeited | -459,102 | -375,850 |
Number of Shares, Non-vested at end of period | 18,497,510 | 16,415,535 |
Weighted-Average Grant Date Fair Value, Non-vested at beginning of period | $6.83 | $6.15 |
Weighted-Average Grant Date Fair Value, Granted | $11.22 | $8.04 |
Weighted-Average Grant Date Fair Value, Vested | $6.82 | $6.75 |
Weighted-Average Grant Date Fair Value, Forfeited | $8.06 | $6.38 |
Weighted-Average Grant Date Fair Value, Non-vested at end of period | $8.07 | $6.82 |
ShareBased_Payments_Narrative_
Share-Based Payments (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Share equivalents factor, restricted stock granted | 2.25 |
Common share equivalents subject to and available for distribution to recipients | 100,000,000 |
Share Equivalent Factor Stock Options | 1 |
Number of remaining share equivalents authorized for issuance under the long term compensation plan | 42,000,000 |
Vesting period of stock options and restricted stock (in years) | '3 years |
Maximum [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Number of years within the adoption of stock option and long-term incentive compensation plans that awards may be granted | '10 years |
Pension_and_Other_Postretireme2
Pension and Other Postretirement Benefits (Schedule of Net Periodic Pension Cost) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service Cost | $10 | $10 | $28 | $31 |
Interest Cost | 23 | 23 | 70 | 67 |
Expected Return on Plan Assets | -34 | -33 | -103 | -99 |
Amortization of Actuarial Loss | 7 | 19 | 18 | 52 |
Amortization of Prior Service Cost | 0 | 0 | 1 | 0 |
Settlement Charge | ' | ' | 3 | 0 |
Net Periodic Pension Cost | 6 | 19 | 17 | 51 |
Qualified [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service Cost | 9 | 9 | 25 | 28 |
Interest Cost | 21 | 21 | 65 | 63 |
Expected Return on Plan Assets | -34 | -33 | -103 | -99 |
Amortization of Actuarial Loss | 6 | 18 | 16 | 50 |
Amortization of Prior Service Cost | 0 | 0 | 0 | 0 |
Settlement Charge | ' | ' | 0 | 0 |
Net Periodic Pension Cost | 2 | 15 | 3 | 42 |
Non-qualified Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service Cost | 1 | 1 | 3 | 3 |
Interest Cost | 2 | 2 | 5 | 4 |
Expected Return on Plan Assets | 0 | 0 | 0 | 0 |
Amortization of Actuarial Loss | 1 | 1 | 2 | 2 |
Amortization of Prior Service Cost | 0 | 0 | 1 | 0 |
Settlement Charge | ' | ' | 3 | 0 |
Net Periodic Pension Cost | $4 | $4 | $14 | $9 |
Pension_and_Other_Postretireme3
Pension and Other Postretirement Benefits Narrative (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' |
Defined Benefit Plan, Contributions by Employer | $3 |
Derivative_Financial_Instrumen2
Derivative Financial Instruments And Hedging Activities (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Disclosure Derivative Financial Instruments And Hedging Activities Narrative [Abstract] | ' | ' | ' | ' | ' |
Terminated Cash Flow Hedge Unrealized Gain (Loss) To Be Reclassified From Oci, After Tax Amount | ' | ' | $40,000,000 | $70,000,000 | ' |
Pre-tax income related to amortization of cash flow hedges of loan and debt instruments | 14,000,000 | 12,000,000 | 37,000,000 | 35,000,000 | ' |
Cash flow hedge gain expected to be reclassified from other comprehensive income into earnings within the next 12 months | ' | ' | 120,000,000 | ' | ' |
Pre-tax net income related to amortization of discontinued cash flow hedges | ' | ' | 44,000,000 | ' | ' |
Maximum Length of Time Hedged in Cash Flow Hedge | ' | ' | '7 years | ' | ' |
Notional amount of interest rate lock commitments | 312,000,000 | ' | 312,000,000 | ' | 267,000,000 |
Notional amount of forward rate commitments | 697,000,000 | ' | 697,000,000 | ' | 636,000,000 |
Notional amount of forward rate commitments and futures contracts to hedge against mortgage servicing rights | 3,400,000,000 | ' | 3,400,000,000 | ' | 3,400,000,000 |
Net Credit Risk On All Trading And Other Derivative Positions | 343,000,000 | ' | 343,000,000 | ' | 453,000,000 |
Maximum potential future exposure on swap participations | 60,000,000 | ' | 60,000,000 | ' | ' |
Aggregate fair value of all derivative instruments with credit risk | 294,000,000 | ' | 294,000,000 | ' | 364,000,000 |
Posted collateral related to derivative instruments with credit risk | $311,000,000 | ' | $311,000,000 | ' | $409,000,000 |
Schedule_of_Derivative_Instrum
Schedule of Derivative Instruments Notional and Fair Value (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | $81,408 | $75,389 | ||
Derivative Asset, Fair Value, Gross Asset | 947 | [1] | 1,219 | [1] |
Derivative Liability, Fair Value, Gross Liability | 1,050 | [1] | 1,301 | [1] |
Designated as Hedging Instrument [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 10,938 | 10,041 | ||
Derivative Asset, Fair Value, Gross Asset | 25 | [1] | 75 | [1] |
Derivative Liability, Fair Value, Gross Liability | 88 | [1] | 109 | [1] |
Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | Fair Value Hedging [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 3,388 | 4,241 | ||
Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | Cash Flow Hedging [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 7,550 | 5,800 | ||
Not Designated as Hedging Instrument [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 70,470 | 65,348 | ||
Derivative Asset, Fair Value, Gross Asset | 922 | [1] | 1,144 | [1] |
Derivative Liability, Fair Value, Gross Liability | 962 | [1] | 1,192 | [1] |
Not Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 46,606 | 46,591 | ||
Not Designated as Hedging Instrument [Member] | Interest Rate Options [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 3,085 | 2,865 | ||
Not Designated as Hedging Instrument [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 18,101 | 13,357 | ||
Not Designated as Hedging Instrument [Member] | Other Contracts [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative, Notional Amount | 2,678 | 2,535 | ||
Other Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Fair Value Hedge Assets | 15 | [1] | 70 | [1] |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 10 | [1] | 5 | [1] |
Other Assets [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Asset, Fair Value, Gross Asset | 858 | [1] | 1,078 | [1] |
Other Assets [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Options [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Asset, Fair Value, Gross Asset | 12 | [1] | 9 | [1] |
Other Assets [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Asset, Fair Value, Gross Asset | 1 | [1] | 9 | [1] |
Other Assets [Member] | Not Designated as Hedging Instrument [Member] | Other Contracts [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Asset, Fair Value, Gross Asset | 51 | [1] | 48 | [1] |
Other Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Fair Value Hedge Liabilities | 29 | [1] | 29 | [1] |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 59 | [1] | 80 | [1] |
Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Liability, Fair Value, Gross Liability | 914 | [1] | 1,142 | [1] |
Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Options [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Liability, Fair Value, Gross Liability | 2 | [1] | 4 | [1] |
Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Liability, Fair Value, Gross Liability | 3 | [1] | 2 | [1] |
Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Other Contracts [Member] | ' | ' | ||
Derivative [Line Items] | ' | ' | ||
Derivative Liability, Fair Value, Gross Liability | $43 | [1] | $44 | [1] |
[1] | Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. |
Derivative_Financial_Instrumen3
Derivative Financial Instruments And Hedging Activities (Schedule Of The Effect Of Derivative Instruments On The Statements Of Operations) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivatives | ($11) | $19 | ($50) | ($4) | ||||
Amount of Gain (Loss) Recognized in Income on Related Hedged Item | 15 | -7 | 67 | 47 | ||||
Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion) | -37 | [1],[2] | 12 | [1],[2] | -8 | [1],[2] | -46 | [1],[2] |
Gain or (Loss) Reclassified from AOCI into Income | 34 | [1],[3] | 26 | [1],[3] | 91 | [1],[3] | 58 | [1],[3] |
Interest Expense [Member] | Forward Starting Swaps [Member] | ' | ' | ' | ' | ||||
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion) | 0 | [1],[2] | 2 | [1],[2] | 3 | [1],[2] | 7 | [1],[2] |
Gain or (Loss) Reclassified from AOCI into Income | 0 | [1],[3] | -4 | [1],[3] | -5 | [1],[3] | -12 | [1],[3] |
Interest Income On Loans [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion) | -37 | [1],[2] | 10 | [1],[2] | -11 | [1],[2] | -53 | [1],[2] |
Gain or (Loss) Reclassified from AOCI into Income | 34 | [1],[3] | 30 | [1],[3] | 96 | [1],[3] | 70 | [1],[3] |
Debt/CDs [Member] | Interest Expense [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivatives | 4 | 11 | 19 | 47 | ||||
Amount of Gain (Loss) Recognized in Income on Related Hedged Item | 7 | 1 | 15 | 6 | ||||
Debt/CDs [Member] | Other Non-Interest Expense [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivatives | -11 | 7 | -25 | -65 | ||||
Amount of Gain (Loss) Recognized in Income on Related Hedged Item | 10 | -6 | 27 | 58 | ||||
Available-for-sale Securities [Member] | Interest Expense [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivatives | -4 | -1 | -12 | -2 | ||||
Amount of Gain (Loss) Recognized in Income on Related Hedged Item | 0 | 0 | 0 | 0 | ||||
Available-for-sale Securities [Member] | Other Non-Interest Expense [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivatives | 0 | 2 | -32 | 16 | ||||
Amount of Gain (Loss) Recognized in Income on Related Hedged Item | ($2) | ($2) | $25 | ($17) | ||||
[1] | All cash flow hedges were highly effective for all periods presented, and the change in fair value attributed to hedge ineffectiveness was not material. | |||||||
[2] | After-tax | |||||||
[3] | Pre-tax |
Derivative_Financial_Instrumen4
Derivative Financial Instruments and Hedging Activities (Schedule of Gains (Losses) Recognized Related to Derivatives Not Designated as Hedging Instruments) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | $15 | ($43) | $41 | ($34) | ||||
Capital Markets Fee Income [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 8 | [1] | 6 | [1] | 18 | [1] | 30 | [1] |
Capital Markets Fee Income [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 5 | 5 | 10 | 17 | ||||
Capital Markets Fee Income [Member] | Interest Rate Options [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 0 | 0 | 0 | 2 | ||||
Capital Markets Fee Income [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 1 | 0 | 0 | 1 | ||||
Capital Markets Fee Income [Member] | Other Contracts [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 2 | 1 | 8 | 10 | ||||
Mortgage Income [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 7 | -49 | 23 | -64 | ||||
Mortgage Income [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 1 | 1 | 19 | -26 | ||||
Mortgage Income [Member] | Interest Rate Options [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | -3 | 9 | 3 | -10 | ||||
Mortgage Income [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | $9 | ($59) | $1 | ($28) | ||||
[1] | Capital markets fee income and other is included in Other income on the consolidated statements of income. |
Derivative_Financial_Instrumen5
Derivative Financial Instruments and Hedging Activities (Offsetting Derivatives) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Offsetting Derivative Asset Securities Purchased Under Agreements to Resell Securities Borrowed [Abstract] | ' | ' | ||
Derivative Asset, Fair Value, Gross Asset | $947 | [1] | $1,219 | [1] |
Amount Offset Against Collateral | 595 | [2] | 774 | [2] |
Derivative Assets | 352 | 445 | ||
Financial instruments | 9 | 10 | ||
Cash collateral received/posted | 0 | 0 | ||
Net amounts | ' | 435 | ||
Offsetting Derivative Liability Securities Sold Under Agreements to Resell Securities Loaned [Abstract] | ' | ' | ||
Derivative Liability, Fair Value, Gross Liability | 1,050 | [1] | 1,301 | [1] |
Amount Offset Against Collateral | 966 | [2] | 1,233 | [2] |
Derivative Liabilities | 84 | 68 | ||
Financial instruments | 0 | 0 | ||
Cash collateral received/posted | 52 | 24 | ||
Net amounts | 32 | 44 | ||
Net Credit Risk On All Trading And Other Derivative Positions | 343 | 453 | ||
Derivative Liability, Collateral, Right to Reclaim Cash, Offset | 396 | 501 | ||
Cash collateral received, offset | 24 | 42 | ||
Subject to offsetting [Member] | ' | ' | ||
Offsetting Derivative Asset Securities Purchased Under Agreements to Resell Securities Borrowed [Abstract] | ' | ' | ||
Derivative Asset, Fair Value, Gross Asset | 903 | 1,165 | ||
Offsetting Derivative Liability Securities Sold Under Agreements to Resell Securities Loaned [Abstract] | ' | ' | ||
Derivative Liability, Fair Value, Gross Liability | 1,000 | 1,257 | ||
Not subject to offsetting [Member] | ' | ' | ||
Offsetting Derivative Asset Securities Purchased Under Agreements to Resell Securities Borrowed [Abstract] | ' | ' | ||
Derivative Asset, Fair Value, Gross Asset | 44 | 54 | ||
Offsetting Derivative Liability Securities Sold Under Agreements to Resell Securities Loaned [Abstract] | ' | ' | ||
Derivative Liability, Fair Value, Gross Liability | $50 | $44 | ||
[1] | Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. | |||
[2] | At September 30, 2014, gross amounts of derivative assets and liabilities offset in the consolidated balance sheets presented above include cash collateral received of $24 million and cash collateral posted of $396 million. At December 31, 2013, gross amounts of derivative assets and liabilities offset in the consolidated balance sheets presented above include cash collateral received of $42 million and cash collateral posted of $501 million. |
Fair_Value_Measurements_Schedu
Fair Value Measurements (Schedule Of Assets And Liabilities At Fair Value Measured On A Recurring Basis And Non-Recurring Basis) (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Federal Reserve Bank Stock | $477 | ' | $472 | ' | ' | ' | ||
Federal Home Loan Bank Stock | 16 | ' | 67 | ' | ' | ' | ||
Trading account securities | 103 | ' | 111 | ' | ' | ' | ||
Available-for-sale Securities | 22,379 | ' | 21,485 | ' | ' | ' | ||
Mortgages Held-for-sale, Fair Value Disclosure | 456 | ' | 429 | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 277 | 276 | 297 | 281 | 276 | 191 | ||
Derivative Assets | 352 | ' | 445 | ' | ' | ' | ||
Derivative Liabilities | 84 | ' | 68 | ' | ' | ' | ||
Loans held for sale, at fair value | 456 | ' | 429 | ' | ' | ' | ||
US Treasury Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 61 | ' | 56 | ' | ' | ' | ||
Federal Agency Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 69 | ' | 89 | ' | ' | ' | ||
Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 3 | ' | 5 | ' | ' | ' | ||
Residential Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 9 | ' | 9 | ' | ' | ' | ||
Commercial Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,603 | ' | 935 | ' | ' | ' | ||
Commercial Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,488 | ' | 1,211 | ' | ' | ' | ||
Corporate and Other Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,994 | ' | 2,827 | ' | ' | ' | ||
Equity Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Federal Reserve Bank Stock | 477 | ' | 472 | ' | ' | ' | ||
Federal Home Loan Bank Stock | 16 | ' | 67 | ' | ' | ' | ||
Available-for-sale Securities | 632 | ' | 676 | ' | ' | ' | ||
Level 1 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Trading account securities | 103 | ' | 111 | ' | ' | ' | ||
Available-for-sale Securities | 200 | ' | 193 | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Loans held for sale, at fair value | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Trading account securities | 103 | ' | 111 | ' | ' | ' | ||
Available-for-sale Securities | 200 | ' | 193 | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | US Treasury Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 61 | ' | 56 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Federal Agency Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Residential Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Residential Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Commercial Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Commercial Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Corporate and Other Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Equity Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 139 | [1] | ' | 137 | [1] | ' | ' | ' |
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Residential Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Options [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Other Contracts [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Mortgages Held-for-sale, Fair Value Disclosure | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Nonrecurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans held for sale, at fair value | 0 | ' | 0 | ' | ' | ' | ||
Level 1 [Member] | Nonrecurring Fair Value Measurements [Member] | Foreclosed Property And Other Real Estate [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Foreclosed property and other real estate | 0 | ' | 0 | ' | ' | ' | ||
Level 2 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Trading account securities | 0 | ' | 0 | ' | ' | ' | ||
Available-for-sale Securities | 22,167 | ' | 21,281 | ' | ' | ' | ||
Derivative Assets | 938 | ' | 1,214 | ' | ' | ' | ||
Derivative Liabilities | 1,050 | ' | 1,301 | ' | ' | ' | ||
Loans held for sale, at fair value | 456 | ' | 429 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Trading account securities | 0 | ' | 0 | ' | ' | ' | ||
Available-for-sale Securities | 21,674 | ' | 20,742 | ' | ' | ' | ||
Derivative Assets | 938 | ' | 1,214 | ' | ' | ' | ||
Derivative Liabilities | 1,050 | ' | 1,301 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | US Treasury Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Federal Agency Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 69 | ' | 89 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 3 | ' | 5 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Residential Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 16,520 | ' | 15,677 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Residential Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Commercial Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,603 | ' | 935 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Commercial Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,488 | ' | 1,211 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Corporate and Other Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,991 | ' | 2,825 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Equity Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | [1] | ' | 0 | [1] | ' | ' | ' |
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Residential Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 0 | ' | 0 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 883 | ' | 1,153 | ' | ' | ' | ||
Derivative Liabilities | 1,002 | ' | 1,251 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Options [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 3 | ' | 4 | ' | ' | ' | ||
Derivative Liabilities | 2 | ' | 4 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 1 | ' | 9 | ' | ' | ' | ||
Derivative Liabilities | 3 | ' | 2 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Other Contracts [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 51 | ' | 48 | ' | ' | ' | ||
Derivative Liabilities | 43 | ' | 44 | ' | ' | ' | ||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Mortgages Held-for-sale, Fair Value Disclosure | 456 | ' | 429 | ' | ' | ' | ||
Level 2 [Member] | Nonrecurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans held for sale, at fair value | 0 | ' | 0 | ' | ' | ' | ||
Level 2 [Member] | Nonrecurring Fair Value Measurements [Member] | Foreclosed Property And Other Real Estate [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Foreclosed property and other real estate | 34 | ' | 49 | ' | ' | ' | ||
Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Trading account securities | 0 | ' | 0 | ' | ' | ' | ||
Available-for-sale Securities | 12 | ' | 11 | ' | ' | ' | ||
Derivative Assets | 9 | ' | 5 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Loans held for sale, at fair value | 48 | ' | 626 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Trading account securities | 0 | ' | 0 | ' | ' | ' | ||
Available-for-sale Securities | 12 | ' | 11 | ' | ' | ' | ||
Derivative Assets | 9 | ' | 5 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | US Treasury Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Federal Agency Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Residential Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Residential Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 9 | ' | 9 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Commercial Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Commercial Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Corporate and Other Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 3 | ' | 2 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Equity Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 0 | [1] | ' | 0 | [1] | ' | ' | ' |
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Residential Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 277 | ' | 297 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Options [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 9 | ' | 5 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Other Contracts [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 0 | ' | 0 | ' | ' | ' | ||
Derivative Liabilities | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Mortgages Held-for-sale, Fair Value Disclosure | 0 | ' | 0 | ' | ' | ' | ||
Level 3 [Member] | Nonrecurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans held for sale, at fair value | 37 | ' | 596 | ' | ' | ' | ||
Level 3 [Member] | Nonrecurring Fair Value Measurements [Member] | Foreclosed Property And Other Real Estate [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Foreclosed property and other real estate | 8 | ' | 18 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Trading account securities | 103 | ' | 111 | ' | ' | ' | ||
Available-for-sale Securities | 21,886 | ' | 20,946 | ' | ' | ' | ||
Derivative Assets | 947 | ' | 1,219 | ' | ' | ' | ||
Derivative Liabilities | 1,050 | ' | 1,301 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | US Treasury Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 61 | ' | 56 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Federal Agency Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 69 | ' | 89 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 3 | ' | 5 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Residential Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 16,520 | ' | 15,677 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Residential Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 9 | ' | 9 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Commercial Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,603 | ' | 935 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Commercial Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,488 | ' | 1,211 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Corporate and Other Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,994 | ' | 2,827 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Equity Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 139 | [1] | ' | 137 | [1] | ' | ' | ' |
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Residential Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 277 | ' | 297 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 883 | ' | 1,153 | ' | ' | ' | ||
Derivative Liabilities | 1,002 | ' | 1,251 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Options [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 12 | ' | 9 | ' | ' | ' | ||
Derivative Liabilities | 2 | ' | 4 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Futures And Forward Commitments [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 1 | ' | 9 | ' | ' | ' | ||
Derivative Liabilities | 3 | ' | 2 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Other Contracts [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Derivative Assets | 51 | ' | 48 | ' | ' | ' | ||
Derivative Liabilities | 43 | ' | 44 | ' | ' | ' | ||
Fair Value [Member] | Recurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Mortgages Held-for-sale, Fair Value Disclosure | 456 | ' | 429 | ' | ' | ' | ||
Fair Value [Member] | Nonrecurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans held for sale, at fair value | 37 | ' | 596 | ' | ' | ' | ||
Fair Value [Member] | Nonrecurring Fair Value Measurements [Member] | Foreclosed Property And Other Real Estate [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Foreclosed property and other real estate | $42 | ' | $67 | ' | ' | ' | ||
[1] | Excludes Federal Reserve Bank and Federal Home Loan Bank Stock totaling $477 million and $16 million at September 30, 2014 and $472 million and $67 million at December 31, 2013, respectively. |
Fair_Value_Measurements_Rollfo
Fair Value Measurements (Rollforward For Assets And Liabilities Measured At Fair Value On A Recurring Basis With Level 3 Significant Unobservable Inputs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Residential Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning balance, Assets, Net | $276 | $276 | $297 | $191 | ||||
Included in Earnings, Assets | -8 | [1] | -9 | [1] | -44 | [1] | 17 | [1] |
Assets included in other comprehensive income (loss) | 0 | 0 | 0 | 0 | ||||
Asset purchases | 9 | 14 | 24 | 73 | ||||
Asset sales | 0 | 0 | 0 | 0 | ||||
Issuances | 0 | 0 | 0 | 0 | ||||
Asset settlements | 0 | 0 | 0 | 0 | ||||
Transfers Into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers Out Of Level 3 | 0 | 0 | 0 | 0 | ||||
Ending balance, Assets, Net | 277 | 281 | 277 | 281 | ||||
Interest Rate Options [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning balance, Assets, Net | 12 | 2 | 5 | 22 | ||||
Included in Earnings, Assets | 20 | [1] | 24 | [1] | 70 | [1] | 65 | [1] |
Assets included in other comprehensive income (loss) | 0 | 0 | 0 | 0 | ||||
Asset purchases | 0 | 0 | 0 | 0 | ||||
Asset sales | 0 | 0 | 0 | 0 | ||||
Issuances | 0 | 0 | 0 | 0 | ||||
Asset settlements | -23 | -14 | -66 | -75 | ||||
Transfers Into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers Out Of Level 3 | 0 | 0 | 0 | 0 | ||||
Ending balance, Assets, Net | 9 | 12 | 9 | 12 | ||||
Available-for-sale Securities [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning balance, Assets, Net | 11 | 13 | 11 | 15 | ||||
Included in Earnings, Assets | 0 | 0 | 0 | 0 | ||||
Assets included in other comprehensive income (loss) | 0 | 0 | 0 | 0 | ||||
Asset purchases | 1 | 0 | 4 | 0 | ||||
Asset sales | 0 | 0 | 0 | 0 | ||||
Issuances | 0 | 0 | 0 | 0 | ||||
Asset settlements | 0 | -1 | -3 | -3 | ||||
Transfers Into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers Out Of Level 3 | 0 | 0 | 0 | 0 | ||||
Ending balance, Assets, Net | 12 | 12 | 12 | 12 | ||||
Available-for-sale Securities [Member] | Residential Non Agency [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning balance, Assets, Net | 9 | 11 | 9 | 13 | ||||
Included in Earnings, Assets | 0 | 0 | 0 | 0 | ||||
Assets included in other comprehensive income (loss) | 0 | 0 | 0 | 0 | ||||
Asset purchases | 0 | 0 | 0 | 0 | ||||
Asset sales | 0 | 0 | 0 | 0 | ||||
Issuances | 0 | 0 | 0 | 0 | ||||
Asset settlements | 0 | -1 | 0 | -3 | ||||
Transfers Into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers Out Of Level 3 | 0 | 0 | 0 | 0 | ||||
Ending balance, Assets, Net | 9 | 10 | 9 | 10 | ||||
Available-for-sale Securities [Member] | Corporate and Other Debt Securities [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning balance, Assets, Net | 2 | 2 | 2 | 2 | ||||
Included in Earnings, Assets | 0 | 0 | 0 | 0 | ||||
Assets included in other comprehensive income (loss) | 0 | 0 | 0 | 0 | ||||
Asset purchases | 1 | 0 | 4 | 0 | ||||
Asset sales | 0 | 0 | 0 | 0 | ||||
Issuances | 0 | 0 | 0 | 0 | ||||
Asset settlements | 0 | 0 | -3 | 0 | ||||
Transfers Into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers Out Of Level 3 | 0 | 0 | 0 | 0 | ||||
Ending balance, Assets, Net | $3 | $2 | $3 | $2 | ||||
[1] | Included in mortgage income. |
Fair_Value_Measurements_Schedu1
Fair Value Measurements (Schedule Of Fair Value Adjustments Related To Non-Recurring Fair Value Measurements) (Details) (Nonrecurring Adjustment [Domain], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Nonrecurring Adjustment [Domain] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Loans held for sale | ($11) | ($16) | ($34) | ($58) |
Foreclosed property, other real estate and equipment | ($4) | ($8) | ($18) | ($27) |
Fair_Value_Measurements_Summar
Fair Value Measurements (Summary Of Quantitative Information About Level 3 Fair Value Measurements) (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | $22,379 | ' | $21,485 | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 277 | 276 | 297 | 281 | 276 | 191 | ||
Interest rate options | 352 | ' | 445 | ' | ' | ' | ||
Loans held for sale, at fair value | 456 | ' | 429 | ' | ' | ' | ||
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 12 | ' | 11 | ' | ' | ' | ||
Interest rate options | 9 | ' | 5 | ' | ' | ' | ||
Loans held for sale, at fair value | 48 | ' | 626 | ' | ' | ' | ||
Residential Non Agency [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 9 | ' | 9 | ' | ' | ' | ||
Corporate and Other Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 1,994 | ' | 2,827 | ' | ' | ' | ||
Recurring Fair Value Measurements [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 12 | ' | 11 | ' | ' | ' | ||
Interest rate options | 9 | ' | 5 | ' | ' | ' | ||
Recurring Fair Value Measurements [Member] | Residential Non Agency [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 9 | ' | 9 | ' | ' | ' | ||
Recurring Fair Value Measurements [Member] | Corporate and Other Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 3 | ' | 2 | ' | ' | ' | ||
Recurring Fair Value Measurements [Member] | Residential Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 277 | ' | 297 | ' | ' | ' | ||
Recurring Fair Value Measurements [Member] | Interest Rate Options [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Interest rate options | 9 | ' | 5 | ' | ' | ' | ||
Nonrecurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans held for sale, at fair value | 37 | ' | 596 | ' | ' | ' | ||
Nonrecurring Fair Value Measurements [Member] | Foreclosed Property And Other Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Foreclosed property and other real estate | 8 | ' | 18 | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Residential Non Agency [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 9 | ' | 9 | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Residential Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Residential Mortgage servicing rights at fair value | 277 | [1] | ' | 297 | [2] | ' | ' | ' |
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Interest Rate Options [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Interest rate options | 9 | ' | 5 | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Residential Non Agency [Member] | Spread To LIBOR [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 5.30% | ' | 5.40% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Residential Non Agency [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 6.10% | ' | 8.60% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Residential Non Agency [Member] | Probability of Default [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 1.40% | ' | 1.30% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Residential Non Agency [Member] | Loss Severity [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 36.80% | ' | 38.40% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Residential Mortgage Servicing Rights [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 9.20% | [1] | ' | 6.90% | [2] | ' | ' | ' |
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Residential Mortgage Servicing Rights [Member] | Option-Adjusted Spread (Basis Points) [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 6.40% | [1] | ' | 7.00% | [2] | ' | ' | ' |
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Interest Rate Options [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 9.20% | ' | 6.90% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Interest Rate Options [Member] | Option-Adjusted Spread (Basis Points) [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 6.40% | ' | 7.00% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Interest Rate Options [Member] | Pull-Through [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 45.90% | ' | 10.80% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Residential Non Agency [Member] | Spread To LIBOR [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 49.80% | ' | 49.90% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Residential Non Agency [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 13.30% | ' | 13.10% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Residential Non Agency [Member] | Probability of Default [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 1.40% | ' | 1.30% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Residential Non Agency [Member] | Loss Severity [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 36.80% | ' | 38.40% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Residential Mortgage Servicing Rights [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 25.20% | [1] | ' | 24.80% | [2] | ' | ' | ' |
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Residential Mortgage Servicing Rights [Member] | Option-Adjusted Spread (Basis Points) [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 13.50% | [1] | ' | 23.60% | [2] | ' | ' | ' |
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Interest Rate Options [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 25.20% | ' | 24.80% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Interest Rate Options [Member] | Option-Adjusted Spread (Basis Points) [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 13.50% | ' | 23.60% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Interest Rate Options [Member] | Pull-Through [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 99.10% | ' | 99.70% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Residential Non Agency [Member] | Spread To LIBOR [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 12.80% | ' | 14.90% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Residential Non Agency [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 9.50% | ' | 10.00% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Residential Non Agency [Member] | Probability of Default [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 1.40% | ' | 1.30% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Residential Non Agency [Member] | Loss Severity [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 36.80% | ' | 38.40% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Residential Mortgage Servicing Rights [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 10.90% | [1] | ' | 8.20% | [2] | ' | ' | ' |
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Residential Mortgage Servicing Rights [Member] | Option-Adjusted Spread (Basis Points) [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 7.90% | [1] | ' | 9.00% | [2] | ' | ' | ' |
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Interest Rate Options [Member] | Weighted Average Prepayment Speed [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 10.90% | ' | 8.20% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Interest Rate Options [Member] | Option-Adjusted Spread (Basis Points) [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 7.90% | ' | 9.00% | ' | ' | ' | ||
Discounted Cash Flow [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Interest Rate Options [Member] | Pull-Through [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 85.60% | ' | 32.20% | ' | ' | ' | ||
Comparable Evaluated Quote [Member] | Recurring Fair Value Measurements [Member] | Corporate and Other Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities | 3 | ' | 2 | ' | ' | ' | ||
Comparable Evaluated Quote [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Corporate and Other Debt Securities [Member] | Evaluated Quote On Same Issuer/Comparable Bond [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 99.80% | ' | 99.00% | ' | ' | ' | ||
Comparable Evaluated Quote [Member] | Recurring Fair Value Measurements [Member] | Minimum [Member] | Corporate and Other Debt Securities [Member] | Comparability Adjustments [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 0.07% | ' | 0.96% | ' | ' | ' | ||
Comparable Evaluated Quote [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Corporate and Other Debt Securities [Member] | Evaluated Quote On Same Issuer/Comparable Bond [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 99.90% | ' | 100.00% | ' | ' | ' | ||
Comparable Evaluated Quote [Member] | Recurring Fair Value Measurements [Member] | Maximum [Member] | Corporate and Other Debt Securities [Member] | Comparability Adjustments [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 0.07% | ' | 0.96% | ' | ' | ' | ||
Comparable Evaluated Quote [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Corporate and Other Debt Securities [Member] | Evaluated Quote On Same Issuer/Comparable Bond [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 99.80% | ' | 99.60% | ' | ' | ' | ||
Comparable Evaluated Quote [Member] | Recurring Fair Value Measurements [Member] | Weighted Average [Member] | Corporate and Other Debt Securities [Member] | Comparability Adjustments [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 0.07% | ' | 0.96% | ' | ' | ' | ||
Property Appraisal [Member] | Nonrecurring Fair Value Measurements [Member] | Foreclosed Property And Other Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Foreclosed property and other real estate | 8 | ' | 18 | ' | ' | ' | ||
Property Appraisal [Member] | Nonrecurring Fair Value Measurements [Member] | Minimum [Member] | Foreclosed Property And Other Real Estate [Member] | Appraisal Compatibility Adjustment Discount [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 25.00% | ' | 30.00% | ' | ' | ' | ||
Property Appraisal [Member] | Nonrecurring Fair Value Measurements [Member] | Maximum [Member] | Foreclosed Property And Other Real Estate [Member] | Appraisal Compatibility Adjustment Discount [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 100.00% | ' | 100.00% | ' | ' | ' | ||
Property Appraisal [Member] | Nonrecurring Fair Value Measurements [Member] | Weighted Average [Member] | Foreclosed Property And Other Real Estate [Member] | Appraisal Compatibility Adjustment Discount [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 44.20% | ' | 42.30% | ' | ' | ' | ||
Commercial and Investor Real Estate [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans held for sale, at fair value | 37 | ' | 61 | ' | ' | ' | ||
Commercial and Investor Real Estate [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Minimum [Member] | Loans Held For Sale [Member] | Appraisal Compatibility Adjustment Discount [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 13.30% | ' | 1.00% | ' | ' | ' | ||
Commercial and Investor Real Estate [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Maximum [Member] | Loans Held For Sale [Member] | Appraisal Compatibility Adjustment Discount [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | 97.20% | ' | 99.20% | ' | ' | ' | ||
Commercial and Investor Real Estate [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Weighted Average [Member] | Loans Held For Sale [Member] | Appraisal Compatibility Adjustment Discount [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | 50.80% | ' | 49.60% | ' | ' | ' | ||
Residential First Mortgage [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Loans Held For Sale [Member] | Estimated Third-Party valuations [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans held for sale, at fair value | ' | ' | $535 | ' | ' | ' | ||
Residential First Mortgage [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Minimum [Member] | Loans Held For Sale [Member] | Estimated Third-Party valuations [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | ' | ' | 17.00% | ' | ' | ' | ||
Residential First Mortgage [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Maximum [Member] | Loans Held For Sale [Member] | Estimated Third-Party valuations [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair Value Measurement Range Percentage | ' | ' | 26.00% | ' | ' | ' | ||
Residential First Mortgage [Member] | Activity For Sales Of Similar Loans [Member] | Nonrecurring Fair Value Measurements [Member] | Weighted Average [Member] | Loans Held For Sale [Member] | Estimated Third-Party valuations [Member] | ' | ' | ' | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ||
Fair value measurement weighted-average percentage | ' | ' | 23.50% | ' | ' | ' | ||
[1] | See Note 5 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. | |||||||
[2] | See Note 7 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2013 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. |
Fair_Value_Measurements_Summar1
Fair Value Measurements (Summary Of Difference Between Aggregate Fair Value And Aggregate Unpaid Principal Balance For Mortgage Loans Held For Sale Measured At Fair Value) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Mortgages Held-for-sale, Fair Value Disclosure | $456 | $429 |
Aggregate Unpaid Principal | 441 | 424 |
Aggregate Fair Value Less Aggregate Unpaid Principal | $15 | $5 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements Fair Value Measurements (Summary of Net Gains (Losses) From Changes In Fair Value (Details) (Loans Held For Sale [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Loans Held For Sale [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Fair Value, Option, Changes in Fair Value, Gain (Loss) | ($6) | $38 | $11 | ($24) |
Fair_Value_Measurements_Schedu2
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ||
Trading account securities | $103,000,000 | $111,000,000 | ||
Securities held to maturity, estimated fair value | 2,224,000,000 | 2,307,000,000 | ||
Available-for-sale Securities | 22,379,000,000 | 21,485,000,000 | ||
Loans held for sale, at fair value | 456,000,000 | 429,000,000 | ||
Fair Value Discount On Loan Portfolio Amount | 5,000,000,000 | 5,400,000,000 | ||
Fair value discount on loan portfolio, rate | 6.80% | 7.60% | ||
Leases, carrying amount excluded | 1,700,000,000 | 1,700,000,000 | ||
Other interest-earning assets | 91,000,000 | 86,000,000 | ||
Derivative Assets | 352,000,000 | 445,000,000 | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ||
Derivative Liabilities | 84,000,000 | 68,000,000 | ||
Carrying Amount [Member] | ' | ' | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ||
Cash and cash equivalents | 4,783,000,000 | 5,273,000,000 | ||
Trading account securities | 103,000,000 | 111,000,000 | ||
Securities held to maturity, estimated fair value | 2,222,000,000 | 2,353,000,000 | ||
Available-for-sale Securities | 22,379,000,000 | 21,485,000,000 | ||
Loans held for sale, at fair value | 504,000,000 | 1,055,000,000 | ||
Loans Receivable, Fair Value Disclosure | 73,695,000,000 | [1],[2] | 71,594,000,000 | [3],[4] |
Other interest-earning assets | 91,000,000 | 86,000,000 | ||
Derivative Assets | 947,000,000 | 1,219,000,000 | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ||
Derivative Liabilities | 1,050,000,000 | 1,301,000,000 | ||
Deposits | 94,130,000,000 | 92,453,000,000 | ||
Short-term Debt, Fair Value | 1,893,000,000 | 2,182,000,000 | ||
Long-term Debt, Fair Value | 3,813,000,000 | 4,830,000,000 | ||
Loan commitments and letters of credit | 103,000,000 | 117,000,000 | ||
Indemnification obligation | 208,000,000 | 260,000,000 | ||
Estimate of Fair Value [Member] | ' | ' | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ||
Cash and cash equivalents | 4,783,000,000 | [5] | 5,273,000,000 | [5] |
Trading account securities | 103,000,000 | [5] | 111,000,000 | [5] |
Securities held to maturity, estimated fair value | 2,224,000,000 | [5] | 2,307,000,000 | [5] |
Available-for-sale Securities | 22,379,000,000 | [5] | 21,485,000,000 | [5] |
Loans held for sale, at fair value | 504,000,000 | [5] | 1,055,000,000 | [5] |
Loans Receivable, Fair Value Disclosure | 68,691,000,000 | [1],[2],[5] | 66,167,000,000 | [3],[4],[5] |
Other interest-earning assets | 91,000,000 | [5] | 86,000,000 | [5] |
Derivative Assets | 947,000,000 | [5] | 1,219,000,000 | [5] |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ||
Derivative Liabilities | 1,050,000,000 | [5] | 1,301,000,000 | [5] |
Deposits | 94,104,000,000 | [5] | 92,460,000,000 | [5] |
Short-term Debt, Fair Value | 1,893,000,000 | [5] | 2,182,000,000 | [5] |
Long-term Debt, Fair Value | 4,172,000,000 | [5] | 5,085,000,000 | [5] |
Loan commitments and letters of credit | 578,000,000 | [5] | 621,000,000 | [5] |
Indemnification obligation | 193,000,000 | [5] | 243,000,000 | [5] |
Level 1 [Member] | ' | ' | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ||
Cash and cash equivalents | 4,783,000,000 | 5,273,000,000 | ||
Trading account securities | 103,000,000 | 111,000,000 | ||
Securities held to maturity, estimated fair value | 1,000,000 | 1,000,000 | ||
Available-for-sale Securities | 200,000,000 | 193,000,000 | ||
Loans held for sale, at fair value | 0 | 0 | ||
Loans Receivable, Fair Value Disclosure | 0 | [1],[2] | 0 | [3],[4] |
Other interest-earning assets | 0 | 0 | ||
Derivative Assets | 0 | 0 | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ||
Derivative Liabilities | 0 | 0 | ||
Deposits | 0 | 0 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | 0 | 0 | ||
Loan commitments and letters of credit | 0 | 0 | ||
Indemnification obligation | 0 | 0 | ||
Level 2 [Member] | ' | ' | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ||
Cash and cash equivalents | 0 | 0 | ||
Trading account securities | 0 | 0 | ||
Securities held to maturity, estimated fair value | 2,223,000,000 | 2,306,000,000 | ||
Available-for-sale Securities | 22,167,000,000 | 21,281,000,000 | ||
Loans held for sale, at fair value | 456,000,000 | 429,000,000 | ||
Loans Receivable, Fair Value Disclosure | 0 | [1],[2] | 0 | [3],[4] |
Other interest-earning assets | 91,000,000 | 86,000,000 | ||
Derivative Assets | 938,000,000 | 1,214,000,000 | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ||
Derivative Liabilities | 1,050,000,000 | 1,301,000,000 | ||
Deposits | 94,104,000,000 | 92,460,000,000 | ||
Short-term Debt, Fair Value | 1,893,000,000 | 2,182,000,000 | ||
Long-term Debt, Fair Value | 3,813,000,000 | 0 | ||
Loan commitments and letters of credit | 0 | 0 | ||
Indemnification obligation | 0 | 0 | ||
Level 3 [Member] | ' | ' | ||
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ||
Cash and cash equivalents | 0 | 0 | ||
Trading account securities | 0 | 0 | ||
Securities held to maturity, estimated fair value | 0 | 0 | ||
Available-for-sale Securities | 12,000,000 | 11,000,000 | ||
Loans held for sale, at fair value | 48,000,000 | 626,000,000 | ||
Loans Receivable, Fair Value Disclosure | 68,691,000,000 | [1],[2] | 66,167,000,000 | [3],[4] |
Other interest-earning assets | 0 | 0 | ||
Derivative Assets | 9,000,000 | 5,000,000 | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ||
Derivative Liabilities | 0 | 0 | ||
Deposits | 0 | 0 | ||
Short-term Debt, Fair Value | 0 | 0 | ||
Long-term Debt, Fair Value | 359,000,000 | 5,085,000,000 | ||
Loan commitments and letters of credit | 578,000,000 | 621,000,000 | ||
Indemnification obligation | $193,000,000 | $243,000,000 | ||
[1] | Excluded from this table is the lease carrying amount of $1.7 billion at September 30, 2014. | |||
[2] | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. In the current whole loan market, financial investors are generally requiring a higher rate of return than the return inherent in loans if held to maturity. The fair value discount at September 30, 2014 was $5.0 billion or 6.8 percent. | |||
[3] | The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. In the current whole loan market, financial investors are generally requiring a higher rate of return than the return inherent in loans if held to maturity. The fair value discount at December 31, 2013 was $5.4 billion or 7.6 percent. | |||
[4] | Excluded from this table is the lease carrying amount of $1.7 billion at December 31, 2013. | |||
[5] | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for interest rates, market liquidity and credit spreads as appropriate. |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements Fair Value Measurements (Narrative) (Details) (USD $) | Sep. 30, 2014 |
Fair Value Disclosures [Abstract] | ' |
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | $0 |
Business_Segment_Information_S
Business Segment Information (Schedule Of Financial Information By Reportable Segment) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Non-interest income | $478 | $495 | $1,373 | $1,493 |
Non-interest expense | 826 | 884 | 2,463 | 2,610 |
Income tax expense (benefit) | 127 | 124 | 380 | 360 |
Business Services [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (loss) | 453 | 472 | 1,361 | 1,395 |
Provision (Credit) for Loan Losses | 27 | 40 | 79 | 205 |
Non-interest income | 130 | 114 | 349 | 343 |
Non-interest expense | 241 | 252 | 763 | 718 |
Income (loss) before income taxes | 315 | 294 | 868 | 815 |
Income tax expense (benefit) | 120 | 112 | 330 | 310 |
Net income (loss) | 195 | 182 | 538 | 505 |
Average assets | 53,266 | 52,568 | 53,182 | 49,081 |
Consumer Services [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (loss) | 455 | 460 | 1,360 | 1,383 |
Provision (Credit) for Loan Losses | 48 | 67 | 143 | 215 |
Non-interest income | 250 | 270 | 739 | 822 |
Non-interest expense | 455 | 496 | 1,336 | 1,442 |
Income (loss) before income taxes | 202 | 167 | 620 | 548 |
Income tax expense (benefit) | 77 | 63 | 235 | 208 |
Net income (loss) | 125 | 104 | 385 | 340 |
Average assets | 28,781 | 28,972 | 28,662 | 29,010 |
Wealth Management [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (loss) | 43 | 44 | 129 | 135 |
Provision (Credit) for Loan Losses | 0 | 6 | 1 | 18 |
Non-interest income | 90 | 112 | 273 | 290 |
Non-interest expense | 111 | 114 | 322 | 328 |
Income (loss) before income taxes | 22 | 36 | 79 | 79 |
Income tax expense (benefit) | 8 | 14 | 30 | 30 |
Net income (loss) | 14 | 22 | 49 | 49 |
Average assets | 2,933 | 3,002 | 2,954 | 3,039 |
Other [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (loss) | -130 | -152 | -391 | -483 |
Provision (Credit) for Loan Losses | -51 | -95 | -162 | -379 |
Non-interest income | 8 | -1 | 12 | 38 |
Non-interest expense | 19 | 22 | 42 | 122 |
Income (loss) before income taxes | -90 | -80 | -259 | -188 |
Income tax expense (benefit) | -78 | -65 | -215 | -188 |
Net income (loss) | -12 | -15 | -44 | 0 |
Average assets | 33,808 | 32,375 | 33,409 | 36,958 |
Continuing Operations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (loss) | 821 | 824 | 2,459 | 2,430 |
Provision (Credit) for Loan Losses | 24 | 18 | 61 | 59 |
Non-interest income | 478 | 495 | 1,373 | 1,493 |
Non-interest expense | 826 | 884 | 2,463 | 2,610 |
Income (loss) before income taxes | 449 | 417 | 1,308 | 1,254 |
Income tax expense (benefit) | 127 | 124 | 380 | 360 |
Net income (loss) | 322 | 293 | 928 | 894 |
Average assets | 118,788 | 116,917 | 118,207 | 118,088 |
Discontinued Operations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (loss) | 0 | 0 | 0 | 0 |
Provision (Credit) for Loan Losses | 0 | 0 | 0 | 0 |
Non-interest income | 19 | 0 | 19 | 0 |
Non-interest expense | 14 | 1 | -7 | -1 |
Income (loss) before income taxes | 5 | -1 | 26 | 1 |
Income tax expense (benefit) | 2 | -1 | 10 | 0 |
Net income (loss) | 3 | 0 | 16 | 1 |
Average assets | 0 | 0 | 0 | 0 |
Consolidated [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (loss) | 821 | 824 | 2,459 | 2,430 |
Provision (Credit) for Loan Losses | 24 | 18 | 61 | 59 |
Non-interest income | 497 | 495 | 1,392 | 1,493 |
Non-interest expense | 840 | 885 | 2,456 | 2,609 |
Income (loss) before income taxes | 454 | 416 | 1,334 | 1,255 |
Income tax expense (benefit) | 129 | 123 | 390 | 360 |
Net income (loss) | 325 | 293 | 944 | 895 |
Average assets | $118,788 | $116,917 | $118,207 | $118,088 |
Recovered_Sheet2
Commitments And Contingencies (Credit Risk Of Financial Instruments By Contractual Amounts) (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||||||
Other Commitments [Line Items] | ' | ' | ' | ' | ' | ' |
Unused commitments to extend credit | $42,657 | ' | $41,885 | ' | ' | ' |
Standby letters of credit | 1,608 | ' | 1,629 | ' | ' | ' |
Commercial letters of credit | 47 | ' | 36 | ' | ' | ' |
Liabilities associated with standby letters of credit | 37 | ' | 37 | ' | ' | ' |
Assets associated with standby letters of credit | 36 | ' | 38 | ' | ' | ' |
Reserve for unfunded credit commitments | $65 | $89 | $78 | $74 | $73 | $83 |
Commitments_And_Contingencies_1
Commitments And Contingencies (Narrative) (Details) (USD $) | Sep. 30, 2014 | Apr. 02, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Mar. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | ||
Carrying Amount [Member] | Carrying Amount [Member] | Estimate of Fair Value [Member] | Estimate of Fair Value [Member] | Indemnification Agreement [Member] | Indemnification Agreement [Member] | Indemnification Agreement [Member] | Indemnification Agreement [Member] | |||||
Visa U.S.A [Member] | Visa U.S.A [Member] | Carrying Amount [Member] | Estimate of Fair Value [Member] | |||||||||
Long-term Purchase Commitment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Indemnification obligation | ' | ' | $208,000,000 | $260,000,000 | $193,000,000 | [1] | $243,000,000 | [1] | ' | ' | $208,000,000 | $193,000,000 |
Estimated aggregate amount of losses reasonably possible to be incurred in excess of amounts accrued | 170,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Fair value of the indemnification obligation | ' | 385,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||
Fair value of the indemnification obligation, incremental increase over FAS 5 reserve | ' | 256,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||
Escrow account reduction | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ||
[1] | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for interest rates, market liquidity and credit spreads as appropriate. |