Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 05, 2018 | |
Document Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | RF | |
Entity Registrant Name | REGIONS FINANCIAL CORP | |
Entity Central Index Key | 1,281,761 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 1,033,870,240 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 1,911 | $ 2,012 |
Interest-bearing deposits in other banks | 1,584 | 1,899 |
Federal funds sold and securities purchased under agreements to resell | 0 | 70 |
Debt securities held to maturity | 1,524 | 1,658 |
Debt securities available for sale | 22,671 | 23,403 |
Loans held for sale | 331 | 348 |
Loans, net of unearned income | 81,821 | 79,947 |
Allowance for loan losses | (840) | (934) |
Net loans | 80,981 | 79,013 |
Other earning assets | 1,801 | 1,891 |
Premises and equipment, net | 2,051 | 2,064 |
Interest receivable | 360 | 337 |
Goodwill | 4,829 | 4,904 |
Residential mortgage servicing rights at fair value | 406 | 336 |
Other identifiable intangible assets | 122 | 177 |
Other assets | 6,007 | 6,182 |
Total assets | 124,578 | 124,294 |
Deposits: | ||
Non-interest-bearing | 35,354 | 36,127 |
Interest-bearing | 57,901 | 60,762 |
Total deposits | 93,255 | 96,889 |
Borrowed funds: | ||
Other short-term borrowings | 3,250 | 500 |
Total short-term borrowings | 3,250 | 500 |
Long-term borrowings | 11,178 | 8,132 |
Total borrowed funds | 14,428 | 8,632 |
Other liabilities | 2,125 | 2,581 |
Total liabilities | 109,808 | 108,102 |
Stockholders’ equity: | ||
Preferred stock | 820 | 820 |
Common stock | 11 | 12 |
Additional paid-in capital | 14,122 | 15,858 |
Retained earnings | 2,582 | 1,628 |
Treasury stock, at cost | (1,371) | (1,377) |
Accumulated other comprehensive income (loss), net | (1,394) | (749) |
Total stockholders’ equity | 14,770 | 16,192 |
Total liabilities and stockholders’ equity | $ 124,578 | $ 124,294 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities held to maturity, estimated fair value | $ 1,472 | $ 1,667 |
Loans held for sale | $ 293 | $ 325 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, Shares Authorized | 3,000,000,000 | 3,000,000,000 |
Common Stock, Shares, Issued | 1,096,458,732 | 1,175,327,565 |
Treasury Stock, Shares | 41,032,675 | 41,259,320 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par Value Per Share (in dollars per share) | $ 1 | $ 1 |
Noncumulative Preferred Stock [Member] | ||
Preferred Stock, liquidation preference per share (in dollars per share) | $ 1,000 | $ 1,000 |
Preferred Stock, shares issued | 1,000,000 | 1,000,000 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Interest income, including other financing income on: | |||||
Loans, including fees | $ 919 | $ 827 | $ 2,651 | $ 2,401 | |
Debt securities - taxable | 155 | 148 | 465 | 445 | |
Loans held for sale | 4 | 3 | 11 | 11 | |
Other earning assets | 17 | 13 | 53 | 38 | |
Operating lease assets | 17 | 21 | 55 | 72 | |
Total interest income, including other financing income | 1,112 | 1,012 | 3,235 | 2,967 | |
Interest expense on: | |||||
Deposits | 64 | 42 | 170 | 114 | |
Short-term borrowings | 8 | 2 | 15 | 4 | |
Long-term borrowings | 84 | 53 | 229 | 153 | |
Total interest expense | 156 | 97 | 414 | 271 | |
Depreciation expense on operating lease assets | 14 | 18 | 44 | 58 | |
Total interest expense and depreciation expense on operating lease assets | 170 | 115 | 458 | 329 | |
Net interest income and other financing income | 942 | 897 | 2,777 | 2,638 | |
Provision for loan losses | 84 | 76 | 134 | 194 | |
Net interest income and other financing income after provision for loan losses | 858 | 821 | 2,643 | 2,444 | |
Total non-interest income | 519 | 482 | 1,538 | 1,446 | |
Non-interest expense: | |||||
Salaries and employee benefits | 473 | 464 | 1,479 | 1,395 | |
Net occupancy expense | 82 | 89 | 249 | 257 | |
Furniture and equipment expense | 81 | 83 | 243 | 246 | |
Other | 286 | 217 | 746 | 673 | |
Total non-interest expense | 922 | 853 | 2,717 | 2,571 | |
Income from continuing operations before income taxes | 455 | 450 | 1,464 | 1,319 | |
Income tax expense | 85 | 138 | 302 | 398 | |
Income from continuing operations | 370 | 312 | 1,162 | 921 | |
Discontinued operations: | |||||
Income from discontinued operations before income taxes | 274 | 0 | 271 | 13 | |
Income tax expense | 80 | 1 | 80 | 6 | |
Income (loss) from discontinued operations, net of tax | 194 | (1) | 191 | 7 | |
Net income | 564 | 311 | 1,353 | 928 | |
Net income from continuing operations available to common shareholders | 354 | 296 | 1,114 | 873 | |
Net income available to common shareholders | $ 548 | $ 295 | $ 1,305 | $ 880 | |
Weighted-average number of shares outstanding: | |||||
Basic (in shares) | 1,086 | 1,182 | 1,111 | 1,197 | |
Diluted (in shares) | 1,095 | 1,193 | 1,121 | 1,209 | |
Earnings per common share from continuing operations: | |||||
Basic (in dollars per share) | [1] | $ 0.33 | $ 0.25 | $ 1 | $ 0.73 |
Diluted (in dollars per share) | [1] | 0.32 | 0.25 | 0.99 | 0.72 |
Earnings per common share: | |||||
Basic (in dollars per share) | [1] | 0.50 | 0.25 | 1.18 | 0.74 |
Diluted (in dollars per share) | [1] | 0.50 | 0.25 | 1.16 | 0.73 |
Cash dividends declared per common share (in dollars per share) | $ 0.14 | $ 0.09 | $ 0.32 | $ 0.225 | |
Service charges on deposit accounts | |||||
Total non-interest income | $ 179 | $ 175 | $ 525 | $ 512 | |
Card and ATM fees | |||||
Total non-interest income | 111 | 103 | 327 | 311 | |
Investment management and trust fee income | |||||
Total non-interest income | 59 | 58 | 175 | 171 | |
Capital markets income | |||||
Total non-interest income | 45 | 35 | 152 | 105 | |
Mortgage income | |||||
Total non-interest income | 32 | 32 | 107 | 113 | |
Securities gains, net | |||||
Total non-interest income | 0 | 8 | 1 | 9 | |
Other | |||||
Total non-interest income | $ 93 | $ 71 | $ 251 | $ 225 | |
[1] | Certain per share amounts may not appear to reconcile due to rounding. |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 564 | $ 311 | $ 1,353 | $ 928 |
Unrealized losses on securities transferred to held to maturity: | ||||
Unrealized losses on securities transferred to held to maturity during the period, net of tax | 0 | 0 | 0 | 0 |
Less: Reclassification Adjustments for Amortization of Unrealized Losses on Securities Transferred to Held to Maturity, Net of Tax | (2) | (1) | (5) | (4) |
Net change in unrealized losses on securities transferred to held to maturity, net of tax | 2 | 1 | 5 | 4 |
Unrealized gains (losses) on securities available for sale: | ||||
Unrealized holding gains (losses) arising during the period on securities available for sale (net of tax) | (103) | 23 | (479) | 75 |
Less: reclassification adjustments for securities gains (losses) realized in net income (net of tax) | (1) | 2 | 0 | 3 |
Net change in unrealized gains (losses) on securities available for sale, net of tax | (102) | 21 | (479) | 72 |
Unrealized gains (losses) on derivative instruments designated as cash flow hedges: | ||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | (44) | 6 | (178) | 39 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 0 | 10 | 12 | 43 |
Net change in unrealized gains (losses) on derivative instruments, net of tax | (44) | (4) | (190) | (4) |
Defined benefit pension plans and other post employment benefits: | ||||
Net actuarial gains (losses) arising during the period (net of tax) | (1) | 0 | (2) | (1) |
Less: reclassification adjustments for amortization of actuarial loss and settlements realized in net income (net of tax) | (6) | (7) | (21) | (25) |
Net change from defined benefit pension plans and other post employment benefits, net of tax | 5 | 7 | 19 | 24 |
Other comprehensive income (loss), net of tax | (139) | 25 | (645) | 96 |
Comprehensive income | $ 425 | $ 336 | $ 708 | $ 1,024 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Unrealized losses on securities transferred to held to maturity during the period, tax | $ 0 | $ 0 | $ 0 | $ 0 |
Amortization of unrealized losses on securities transferred to held to maturity, tax | (1) | (1) | (2) | (3) |
Unrealized holding gains (losses) on available for sale securities, tax | (35) | 16 | (162) | 47 |
Reclassification adjustments for securities gains (losses) realized in net income, tax | 0 | 2 | 0 | 2 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax | (15) | 4 | (60) | 24 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | 0 | 7 | 4 | 27 |
Net actuarial gains and losses arising during the period, tax | 0 | 0 | 0 | 0 |
Reclassification adjustments for amortization of actuarial loss and settlements realized in net income, and other, tax | $ (2) | $ (4) | $ (6) | $ (14) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock, At Cost [Member] | Accumulated Other Comprehensive Income (Loss), Net [Member] |
Beginning Balance Outstanding (in shares) at Dec. 31, 2016 | 1 | 1,214 | |||||
Beginning Balance at Dec. 31, 2016 | $ 16,664 | $ 820 | $ 13 | $ 17,092 | $ 666 | $ (1,377) | $ (550) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 928 | 928 | |||||
Other comprehensive income (loss), net of tax | 96 | 96 | |||||
Cash dividends declared | (267) | (267) | |||||
Preferred stock dividends | (48) | (48) | |||||
Impact of share repurchase, shares | (54) | ||||||
Impact of share repurchases, value | (775) | $ (1) | (774) | ||||
Impact of stock transaction under compensation plans, net, shares | 5 | ||||||
Impact of stock transaction under compensation plans, net | 26 | 26 | |||||
Ending Balance Outstanding (in shares) at Sep. 30, 2017 | 1 | 1,165 | |||||
Ending Balance at Sep. 30, 2017 | 16,624 | $ 820 | $ 12 | 16,344 | 1,279 | (1,377) | (454) |
Beginning Balance Outstanding (in shares) at Dec. 31, 2017 | 1 | 1,133 | |||||
Beginning Balance at Dec. 31, 2017 | 16,192 | $ 820 | $ 12 | 15,858 | 1,628 | (1,377) | (749) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Cumulative Effect on Retained Earnings, Net of Tax | (2) | (2) | |||||
Net income | 1,353 | 1,353 | |||||
Other comprehensive income (loss), net of tax | (645) | (645) | |||||
Cash dividends declared | (349) | (349) | |||||
Preferred stock dividends | (48) | (48) | |||||
Impact of share repurchase, shares | (84) | ||||||
Impact of share repurchases, value | (1,752) | $ (1) | (1,751) | ||||
Impact of stock transaction under compensation plans, net, shares | 6 | ||||||
Impact of stock transaction under compensation plans, net | 21 | 15 | 6 | ||||
Ending Balance Outstanding (in shares) at Sep. 30, 2018 | 1 | 1,055 | |||||
Ending Balance at Sep. 30, 2018 | $ 14,770 | $ 820 | $ 11 | $ 14,122 | $ 2,582 | $ (1,371) | $ (1,394) |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Stockholders' Equity [Abstract] | ||||||||
Cash dividend declared (in dollars per share) | $ 0.14 | $ 0.09 | $ 0.09 | $ 0.09 | $ 0.07 | $ 0.065 | $ 0.32 | $ 0.225 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Operating activities: | ||
Net income | $ 1,353 | $ 928 |
Adjustments to reconcile net income to net cash from operating activities: | ||
Provision for loan losses | 134 | 194 |
Depreciation, amortization and accretion, net | 355 | 410 |
Securities (gains) losses, net | (1) | (9) |
(Gain) Loss on Disposition of Business | (281) | 0 |
Deferred income tax expense | 146 | 63 |
Originations and purchases of loans held for sale | (2,419) | (2,667) |
Proceeds from sales of loans held for sale | 2,480 | 3,074 |
(Gain) loss on sale of loans, net | (55) | (78) |
Net change in operating assets and liabilities: | ||
Other earning assets | 46 | 145 |
Interest receivable and other assets | (39) | (85) |
Other liabilities | (432) | (9) |
Other | (16) | 38 |
Net cash from operating activities | 1,271 | 2,004 |
Investing activities: | ||
Proceeds from maturities of debt securities held to maturity | 132 | 152 |
Proceeds from sales of debt securities available for sale | 186 | 704 |
Proceeds from maturities of debt securities available for sale | 2,569 | 2,673 |
Net proceeds from (purchases of) bank-owned life insurance | (3) | 0 |
Purchases of debt securities available for sale | (2,760) | (3,303) |
Purchases of debt securities held to maturity | 0 | (494) |
Proceeds from sales of loans | 290 | 45 |
Purchases of loans | (403) | (153) |
Purchases of mortgage servicing rights | (37) | (40) |
Net change in loans | (2,036) | 498 |
Net purchases of other assets | (129) | (81) |
Proceeds from Divestiture of Businesses | 357 | 0 |
Net cash from investing activities | (1,834) | 1 |
Financing activities: | ||
Net change in deposits | (3,634) | (1,444) |
Net change in short-term borrowings | 2,750 | 600 |
Proceeds from long-term borrowings | 10,800 | 2,844 |
Payments on long-term borrowings | (7,700) | (4,504) |
Cash dividends on common stock | (304) | (346) |
Cash dividends on preferred stock | (48) | (48) |
Repurchases of common stock | (1,752) | (775) |
Taxes paid related to net share settlement of equity awards | (34) | (22) |
Other | (1) | 0 |
Net cash from financing activities | 77 | (3,695) |
Net change in cash and cash equivalents | (486) | (1,690) |
Cash and cash equivalents at beginning of year | 3,981 | 5,451 |
Cash and cash equivalents at end of period | $ 3,495 | $ 3,761 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
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 across the South, Midwest and Texas. The Company competes with other financial institutions located in the states in which it operates, as well as other adjoining states. Regions is subject to the regulations of certain government agencies and undergoes periodic examinations by certain 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 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’ Annual Report on Form 10-K for the year ended December 31, 2017 . Regions has evaluated all subsequent events for potential recognition and disclosure through the filing date of this Form 10-Q. On April 4, 2018, Regions entered into a stock purchase agreement to sell Regions Insurance Group, Inc. and related affiliates to BB&T Holdings, Inc. The transaction closed on July 2, 2018. Regions sold Morgan Keegan and related affiliates in April 2012. See Note 2 and Note 13 for related disclosure. Effective January 1, 2018, the Company adopted new guidance related to several accounting topics. The cumulative effect of the retrospective application was a total reduction to retained earnings of $2 million , of which the individual components were immaterial. All prior period amounts impacted by guidance that required retrospective application have been revised. See Note 15 for related disclosure. |
Discontinued Operations
Discontinued Operations | 9 Months Ended |
Sep. 30, 2018 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Discontinued Operations | DISCONTINUED OPERATIONS On April 4, 2018, Regions entered into a stock purchase agreement to sell Regions Insurance Group, Inc. and related affiliates to BB&T Insurance Holdings, Inc. The transaction closed on July 2, 2018. The gain associated with the transaction amounted to $281 million ( $196 million after-tax). In connection with the agreement, the results of the entities sold are reported in the Company's consolidated statements of income separately as discontinued operations for all periods presented. On January 11, 2012, Regions entered into a stock purchase agreement to sell Morgan Keegan and related affiliates to 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 13 for related disclosure. Results of operations for the Morgan Keegan 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, 2017. The following table represents the condensed results of operations for the Regions Insurance Group, Inc. entities sold as discontinued operations: Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In millions) Interest income $ 1 $ 1 $ 1 $ 1 Interest expense — — — — Net interest income 1 1 1 1 Non-interest income: Securities gains (losses), net (1 ) — (1 ) — Insurance commissions and fees — 33 69 104 Gain on sale of business 281 — 281 — Other — 1 — 2 Total non-interest income 280 34 349 106 Non-interest expense: Salaries and employee benefits — 24 49 73 Net occupancy expense — 2 3 5 Furniture and equipment expense — 1 2 3 Other 1 7 16 22 Total non-interest expense 1 34 70 103 Income from discontinued operations before income taxes 280 1 280 4 Income tax expense 84 1 84 2 Income from discontinued operations, net of tax $ 196 $ — $ 196 $ 2 The following table represents the condensed results of operations for both the Regions Insurance Group, Inc. entities being sold and Morgan Keegan and Company, Inc. and related affiliates as discontinued operations: Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In millions, except per share data) Income from discontinued operations before income taxes $ 274 $ — $ 271 $ 13 Income tax expense 80 1 80 6 Income (loss) from discontinued operations, net of tax $ 194 $ (1 ) $ 191 $ 7 Earnings (loss) per common share from discontinued operations: Basic $ 0.18 $ (0.00 ) $ 0.17 $ 0.01 Diluted $ 0.18 $ (0.00 ) $ 0.17 $ 0.01 |
Securities
Securities | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | SECURITIES DEBT SECURITIES The amortized cost, gross unrealized gains and losses, and estimated fair value of debt securities held to maturity and debt securities available for sale are as follows: September 30, 2018 Recognized in OCI (1) Not Recognized in OCI Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 923 $ — $ (34 ) $ 889 $ — $ (27 ) $ 862 Commercial agency 638 — (3 ) 635 — (25 ) 610 $ 1,561 $ — $ (37 ) $ 1,524 $ — $ (52 ) $ 1,472 Debt securities available for sale: U.S. Treasury securities $ 282 $ — $ (6 ) $ 276 $ 276 Federal agency securities 46 — — 46 46 Mortgage-backed securities: Residential agency 17,363 12 (706 ) 16,669 16,669 Residential non-agency 2 — — 2 2 Commercial agency 3,885 — (110 ) 3,775 3,775 Commercial non-agency 785 2 (14 ) 773 773 Corporate and other debt securities 1,151 2 (23 ) 1,130 1,130 $ 23,514 $ 16 $ (859 ) $ 22,671 $ 22,671 December 31, 2017 Recognized in OCI (1) Not Recognized in OCI Amortized Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Gross Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 1,051 $ — $ (40 ) $ 1,011 $ 12 $ (4 ) $ 1,019 Commercial agency 651 — (4 ) 647 5 (4 ) 648 $ 1,702 $ — $ (44 ) $ 1,658 $ 17 $ (8 ) $ 1,667 Debt securities available for sale: U.S. Treasury securities $ 333 $ — $ (2 ) $ 331 $ 331 Federal agency securities 28 — — 28 28 Mortgage-backed securities: Residential agency 17,622 53 (244 ) 17,431 17,431 Residential non-agency 3 — — 3 3 Commercial agency 3,739 5 (30 ) 3,714 3,714 Commercial non-agency 787 4 (3 ) 788 788 Corporate and other debt securities 1,093 20 (5 ) 1,108 1,108 $ 23,605 $ 82 $ (284 ) $ 23,403 $ 23,403 _________ (1) The gross unrealized losses recognized in OCI on securities held to maturity resulted from a transfer of securities available for sale to held to maturity in the second quarter of 2013. Debt securities with carrying values of $7.6 billion and $8.1 billion at September 30, 2018 and December 31, 2017 , respectively, were pledged to secure public funds, trust deposits and certain borrowing arrangements. Included within total pledged securities is approximately $24 million and $50 million of encumbered U.S. Treasury securities at September 30, 2018 and December 31, 2017 , respectively. The amortized cost and estimated fair value of debt securities held to maturity and debt securities available for sale at September 30, 2018 , 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 Cost Estimated Fair Value (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 923 $ 862 Commercial agency 638 610 $ 1,561 $ 1,472 Debt securities available for sale: Due in one year or less $ 65 $ 65 Due after one year through five years 980 964 Due after five years through ten years 385 374 Due after ten years 49 49 Mortgage-backed securities: Residential agency 17,363 16,669 Residential non-agency 2 2 Commercial agency 3,885 3,775 Commercial non-agency 785 773 $ 23,514 $ 22,671 The following tables present gross unrealized losses and the related estimated fair value of debt securities held to maturity and debt securities available for sale at September 30, 2018 and December 31, 2017 . For debt 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. September 30, 2018 Less Than Twelve Months Twelve Months or More Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ — $ — $ 862 $ (61 ) $ 862 $ (61 ) Commercial agency 475 (18 ) 135 (10 ) 610 (28 ) $ 475 $ (18 ) $ 997 $ (71 ) $ 1,472 $ (89 ) Debt securities available for sale: U.S. Treasury securities $ 199 $ (3 ) $ 72 $ (3 ) $ 271 $ (6 ) Mortgage-backed securities: Residential agency 6,407 (169 ) 9,091 (537 ) 15,498 (706 ) Commercial agency 2,162 (51 ) 1,441 (59 ) 3,603 (110 ) Commercial non-agency 515 (11 ) 105 (3 ) 620 (14 ) Corporate and other debt securities 772 (15 ) 163 (8 ) 935 (23 ) $ 10,055 $ (249 ) $ 10,872 $ (610 ) $ 20,927 $ (859 ) December 31, 2017 Less Than Twelve Months Twelve Months or More Total Estimated Gross Estimated Gross Estimated Gross (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ — $ — $ 1,019 $ (32 ) $ 1,019 $ (32 ) Commercial agency — — 150 (7 ) 150 (7 ) $ — $ — $ 1,169 $ (39 ) $ 1,169 $ (39 ) Debt securities available for sale: U.S. Treasury securities $ 221 $ (1 ) $ 84 $ (1 ) $ 305 $ (2 ) Mortgage-backed securities: Residential agency 5,157 (40 ) 8,195 (204 ) 13,352 (244 ) Commercial agency 1,666 (10 ) 904 (20 ) 2,570 (30 ) Commercial non-agency 393 (2 ) 61 (1 ) 454 (3 ) Corporate and other debt securities 306 (2 ) 105 (3 ) 411 (5 ) $ 7,743 $ (55 ) $ 9,349 $ (229 ) $ 17,092 $ (284 ) The number of individual debt positions in an unrealized loss position in the tables above increased from 1,059 at December 31, 2017 to 1,459 at September 30, 2018 . The increase in the number of securities and the total amount of unrealized losses from year-end 2017 was primarily due to changes in market interest rates. In instances where an unrealized loss existed, there was no indication of an adverse change in credit on the underlying positions in the tables above. As it relates to these positions, management believes no individual unrealized loss, other than those discussed below, represented an OTTI 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 positions before the recovery of their amortized cost basis, which may be at maturity. As part of the Company's normal process for evaluating OTTI, management did identify a limited number of positions where an OTTI was believed to exist as of September 30, 2018 . Gross realized gains and gross realized losses on sales of debt securities available for sale from continuing operations 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 2018 2017 2018 2017 (In millions) Gross realized gains $ 1 $ 5 $ 4 $ 9 Gross realized losses (1 ) — (1 ) (3 ) OTTI — (1 ) (2 ) (1 ) Debt securities available for sale gains (losses), net (1) $ — $ 4 $ 1 $ 5 _________ (1) The securities gains (losses), net balances above exclude net trading securities gains of $4 million recognized during the third quarter of 2017. EQUITY INVESTMENTS Effective January 1, 2018, Regions adopted new accounting guidance that requires equity investments to be recorded at fair value with changes in fair value reported in net income. Regions elected a measurement alternative to fair value for certain equity investments without a readily determinable fair value. See Note 15 for related disclosure. Marketable equity securities carried at fair value, which primarily consist of assets held for certain employee benefits and money market funds, are reported in other earning assets in the consolidated balance sheets. Total marketable equity securities were $475 million and $414 million at September 30, 2018 and December 31, 2017 , respectively. Net unrealized holding gains for marketable equity securities were $7 million at September 30, 2018 . Equity investments without a readily determinable fair value primarily consist of investments in strategic partners and certain CRA projects. The carrying amount of equity investments measured under the measurement alternative, downward and upward adjustments for impairments and price changes from observable transactions are as follows: Three Months Ended Nine Months Ended September 30, 2018 (In millions) Carrying value, beginning of period $ 39 $ 31 Net additions 9 9 Downward adjustments for price changes and impairment (2 ) (2 ) Upward adjustments for price changes 7 15 Carrying value, end of period $ 53 $ 53 Total cumulative downward adjustments for equity investments without a determinable fair value for impairments and observable price changes were $6 million . Total cumulative upward adjustments for price changes from observable transactions were $15 million as of September 30, 2018 . |
Loans and the Allowance for Cre
Loans and the Allowance for Credit Losses | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Loans and the Allowance for Credit Losses | 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, 2018 December 31, 2017 (In millions, net of unearned income) Commercial and industrial $ 38,036 $ 36,115 Commercial real estate mortgage—owner-occupied 5,943 6,193 Commercial real estate construction—owner-occupied 326 332 Total commercial 44,305 42,640 Commercial investor real estate mortgage 4,205 4,062 Commercial investor real estate construction 1,838 1,772 Total investor real estate 6,043 5,834 Residential first mortgage 14,220 14,061 Home equity 9,435 10,164 Indirect—vehicles 3,146 3,326 Indirect—other consumer 2,179 1,467 Consumer credit card 1,273 1,290 Other consumer 1,220 1,165 Total consumer 31,473 31,473 $ 81,821 $ 79,947 During the three months ended September 30, 2018 and 2017 , Regions purchased approximately $188 million and $6 million in indirect-other consumer loans from third parties, respectively. During the nine months ended September 30, 2018 and 2017 , the comparable loan purchase amounts were approximately $403 million and $153 million , respectively. At September 30, 2018 , $22.0 billion in securities and net eligible loans held by Regions were pledged to secure current and potential borrowings from the FHLB. At September 30, 2018 , an additional $24.1 billion in net eligible loans held by Regions were pledged to the FRB for potential borrowings. ALLOWANCE FOR CREDIT LOSSES Regions determines the appropriate level of the allowance on 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, 2017 , 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, 2018 and 2017. The total allowance for loan losses and the related loan portfolio ending balances 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 commercial and investor real estate loans and all 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, 2018 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, July 1, 2018 $ 551 $ 48 $ 239 $ 838 Provision (credit) for loan losses 12 (1 ) 73 84 Loan losses: Charge-offs (41 ) (1 ) (65 ) (107 ) Recoveries 10 2 13 25 Net loan (losses) recoveries (31 ) 1 (52 ) (82 ) Allowance for loan losses, September 30, 2018 532 48 260 840 Reserve for unfunded credit commitments, July 1, 2018 44 4 — 48 Provision (credit) for unfunded credit losses 2 — — 2 Reserve for unfunded credit commitments, September 30, 2018 46 4 — 50 Allowance for credit losses, September 30, 2018 $ 578 $ 52 $ 260 $ 890 Three Months Ended September 30, 2017 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, July 1, 2017 $ 707 $ 82 $ 252 $ 1,041 Provision (credit) for loan losses 8 (8 ) 76 76 Loan losses: Charge-offs (43 ) — (63 ) (106 ) Recoveries 11 3 16 30 Net loan (losses) recoveries (32 ) 3 (47 ) (76 ) Allowance for loan losses, September 30, 2017 683 77 281 1,041 Reserve for unfunded credit commitments, July 1, 2017 63 4 — 67 Provision (credit) for unfunded credit losses (8 ) — — (8 ) Reserve for unfunded credit commitments, September 30, 2017 55 4 — 59 Allowance for credit losses, September 30, 2017 $ 738 $ 81 $ 281 $ 1,100 Nine Months Ended September 30, 2018 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, January 1, 2018 $ 591 $ 64 $ 279 $ 934 Provision (credit) for loan losses 12 (13 ) 135 134 Loan losses: Charge-offs (105 ) (9 ) (200 ) (314 ) Recoveries 34 6 46 86 Net loan (losses) recoveries (71 ) (3 ) (154 ) (228 ) Allowance for loan losses, September 30, 2018 532 48 260 840 Reserve for unfunded credit commitments, January 1, 2018 49 4 — 53 Provision (credit) for unfunded credit losses (3 ) — — (3 ) Reserve for unfunded credit commitments, September 30, 2018 46 4 — 50 Allowance for credit losses, September 30, 2018 $ 578 $ 52 $ 260 $ 890 Portion of ending allowance for loan losses: Individually evaluated for impairment $ 119 $ 5 $ 26 $ 150 Collectively evaluated for impairment 413 43 234 690 Total allowance for loan losses $ 532 $ 48 $ 260 $ 840 Portion of loan portfolio ending balance: Individually evaluated for impairment $ 599 $ 51 $ 438 $ 1,088 Collectively evaluated for impairment 43,706 5,992 31,035 80,733 Total loans evaluated for impairment $ 44,305 $ 6,043 $ 31,473 $ 81,821 Nine Months Ended September 30, 2017 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, January 1, 2017 $ 753 $ 85 $ 253 $ 1,091 Provision (credit) for loan losses 41 (16 ) 169 194 Loan losses: Charge-offs (139 ) (2 ) (188 ) (329 ) Recoveries 28 10 47 85 Net loan (losses) recoveries (111 ) 8 (141 ) (244 ) Allowance for loan losses, September 30, 2017 683 77 281 1,041 Reserve for unfunded credit commitments, January 1, 2017 64 5 — 69 Provision (credit) for unfunded credit losses (9 ) (1 ) — (10 ) Reserve for unfunded credit commitments, September 30, 2017 55 4 — 59 Allowance for credit losses, September 30, 2017 $ 738 $ 81 $ 281 $ 1,100 Portion of ending allowance for loan losses: Individually evaluated for impairment $ 202 $ 19 $ 52 $ 273 Collectively evaluated for impairment 481 58 229 768 Total allowance for loan losses $ 683 $ 77 $ 281 $ 1,041 Portion of loan portfolio ending balance: Individually evaluated for impairment $ 898 $ 108 $ 727 $ 1,733 Collectively evaluated for impairment 41,164 5,827 30,632 77,623 Total loans evaluated for impairment $ 42,062 $ 5,935 $ 31,359 $ 79,356 PORTFOLIO SEGMENT RISK FACTORS The following describe the risk characteristics relevant to each of the portfolio segments. Commercial —The commercial 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 mortgage 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, and the sensitivity to market fluctuations in commodity prices. 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 the valuation of real estate. Consumer —The consumer portfolio segment includes residential first mortgage, home equity, indirect-vehicles, indirect-other consumer, 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-vehicles lending, which is lending initiated through third-party business partners, largely consists of loans made through automotive dealerships. Indirect-other consumer lending represents other point of sale lending through third parties. Consumer credit card lending includes Regions branded consumer credit card accounts. Other consumer loans include other revolving consumer accounts, direct consumer 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 portfolio segments and classes, excluding loans held for sale, as of September 30, 2018 , and December 31, 2017 . Commercial and investor real estate 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 that 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 that may, in the future, have an adverse effect on debt service ability; • Substandard Accrual—includes obligations that exhibit a well-defined weakness that 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. September 30, 2018 Pass Special Mention Substandard Accrual Non-accrual Total (In millions) Commercial and industrial $ 36,582 $ 751 $ 362 $ 341 $ 38,036 Commercial real estate mortgage—owner-occupied 5,547 200 116 80 5,943 Commercial real estate construction—owner-occupied 299 3 16 8 326 Total commercial $ 42,428 $ 954 $ 494 $ 429 $ 44,305 Commercial investor real estate mortgage $ 4,072 $ 82 $ 49 $ 2 $ 4,205 Commercial investor real estate construction 1,819 12 7 — 1,838 Total investor real estate $ 5,891 $ 94 $ 56 $ 2 $ 6,043 Accrual Non-accrual Total (In millions) Residential first mortgage $ 14,178 $ 42 $ 14,220 Home equity 9,369 66 9,435 Indirect—vehicles 3,146 — 3,146 Indirect—other consumer 2,179 — 2,179 Consumer credit card 1,273 — 1,273 Other consumer 1,220 — 1,220 Total consumer $ 31,365 $ 108 $ 31,473 $ 81,821 December 31, 2017 Pass Special Mention Substandard Accrual Non-accrual Total (In millions) Commercial and industrial $ 34,420 $ 686 $ 605 $ 404 $ 36,115 Commercial real estate mortgage—owner-occupied 5,674 236 165 118 6,193 Commercial real estate construction—owner-occupied 313 3 10 6 332 Total commercial $ 40,407 $ 925 $ 780 $ 528 $ 42,640 Commercial investor real estate mortgage $ 3,905 $ 63 $ 89 $ 5 $ 4,062 Commercial investor real estate construction 1,706 19 46 1 1,772 Total investor real estate $ 5,611 $ 82 $ 135 $ 6 $ 5,834 Accrual Non-accrual Total (In millions) Residential first mortgage $ 14,014 $ 47 $ 14,061 Home equity 10,095 69 10,164 Indirect—vehicles 3,326 — 3,326 Indirect—other consumer 1,467 — 1,467 Consumer credit card 1,290 — 1,290 Other consumer 1,165 — 1,165 Total consumer $ 31,357 $ 116 $ 31,473 $ 79,947 AGING ANALYSIS The following tables include an aging analysis of DPD for each portfolio segment and class as of September 30, 2018 and December 31, 2017 : September 30, 2018 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total 30+ DPD Total Accrual Non-accrual Total (In millions) Commercial and industrial $ 39 $ 6 $ 4 $ 49 $ 37,695 $ 341 $ 38,036 Commercial real estate mortgage—owner-occupied 16 2 2 20 5,863 80 5,943 Commercial real estate construction—owner-occupied — — — — 318 8 326 Total commercial 55 8 6 69 43,876 429 44,305 Commercial investor real estate mortgage 6 — — 6 4,203 2 4,205 Commercial investor real estate construction — — — — 1,838 — 1,838 Total investor real estate 6 — — 6 6,041 2 6,043 Residential first mortgage 82 43 144 269 14,178 42 14,220 Home equity 53 24 39 116 9,369 66 9,435 Indirect—vehicles 39 12 9 60 3,146 — 3,146 Indirect—other consumer 11 5 1 17 2,179 — 2,179 Consumer credit card 11 8 17 36 1,273 — 1,273 Other consumer 15 5 4 24 1,220 — 1,220 Total consumer 211 97 214 522 31,365 108 31,473 $ 272 $ 105 $ 220 $ 597 $ 81,282 $ 539 $ 81,821 December 31, 2017 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total 30+ DPD Total Accrual Non-accrual Total (In millions) Commercial and industrial $ 28 $ 7 $ 4 $ 39 $ 35,711 $ 404 $ 36,115 Commercial real estate mortgage—owner-occupied 18 8 1 27 6,075 118 6,193 Commercial real estate construction—owner-occupied — — — — 326 6 332 Total commercial 46 15 5 66 42,112 528 42,640 Commercial investor real estate mortgage 1 1 1 3 4,057 5 4,062 Commercial investor real estate construction — — — — 1,771 1 1,772 Total investor real estate 1 1 1 3 5,828 6 5,834 Residential first mortgage 95 85 216 396 14,014 47 14,061 Home equity 53 27 37 117 10,095 69 10,164 Indirect—vehicles 48 13 9 70 3,326 — 3,326 Indirect—other consumer 9 5 — 14 1,467 — 1,467 Consumer credit card 11 7 19 37 1,290 — 1,290 Other consumer 13 4 4 21 1,165 — 1,165 Total consumer 229 141 285 655 31,357 116 31,473 $ 276 $ 157 $ 291 $ 724 $ 79,297 $ 650 $ 79,947 IMPAIRED LOANS The following tables present details related to the Company’s impaired loans as of September 30, 2018 and December 31, 2017 . Loans deemed to be impaired include all TDRs and all non-accrual commercial and investor real estate loans, excluding leases. Loans that have been fully charged-off do not appear in the tables below. Non-accrual Impaired Loans As of September 30, 2018 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans on Non-accrual Status Impaired Loans on Non-accrual Status with No Related Allowance Impaired Loans on Non-accrual Status with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 420 $ 79 $ 341 $ 110 $ 231 $ 65 34.3 % Commercial real estate mortgage—owner-occupied 91 11 80 18 62 24 38.5 Commercial real estate construction—owner-occupied 9 1 8 1 7 3 44.4 Total commercial 520 91 429 129 300 92 35.2 Commercial investor real estate mortgage 2 — 2 — 2 1 50.0 Total investor real estate 2 — 2 — 2 1 50.0 Residential first mortgage 34 9 25 — 25 2 32.4 Home equity 10 1 9 — 9 — 10.0 Total consumer 44 10 34 — 34 2 27.3 $ 566 $ 101 $ 465 $ 129 $ 336 $ 95 34.6 % Accruing Impaired Loans As of September 30, 2018 Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Book Value (3) Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 143 $ 1 $ 142 $ 24 17.5 % Commercial real estate mortgage—owner-occupied 30 2 28 3 16.7 Total commercial 173 3 170 27 17.3 Commercial investor real estate mortgage 50 1 49 4 10.0 Total investor real estate 50 1 49 4 10.0 Residential first mortgage 197 9 188 18 13.7 Home equity 209 — 209 6 2.9 Consumer credit card 1 — 1 — — Other consumer 6 — 6 — — Total consumer 413 9 404 24 8.0 $ 636 $ 13 $ 623 $ 55 10.7 % Total Impaired Loans As of September 30, 2018 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans Impaired Loans with No Related Allowance Impaired Loans with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 563 $ 80 $ 483 $ 110 $ 373 $ 89 30.0 % Commercial real estate mortgage—owner-occupied 121 13 108 18 90 27 33.1 Commercial real estate construction—owner-occupied 9 1 8 1 7 3 44.4 Total commercial 693 94 599 129 470 119 30.7 Commercial investor real estate mortgage 52 1 51 — 51 5 11.5 Total investor real estate 52 1 51 — 51 5 11.5 Residential first mortgage 231 18 213 — 213 20 16.5 Home equity 219 1 218 — 218 6 3.2 Consumer credit card 1 — 1 — 1 — — Other consumer 6 — 6 — 6 — — Total consumer 457 19 438 — 438 26 9.8 $ 1,202 $ 114 $ 1,088 $ 129 $ 959 $ 150 22.0 % Non-accrual Impaired Loans As of December 31, 2017 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans on Non-accrual Status Impaired Loans on Non-accrual Status with No Related Allowance Impaired Loans on Non-accrual Status with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 480 $ 80 $ 400 $ 29 $ 371 $ 103 38.1 % Commercial real estate mortgage—owner-occupied 133 15 118 20 98 38 39.8 Commercial real estate construction—owner-occupied 7 1 6 — 6 3 57.1 Total commercial 620 96 524 49 475 144 38.7 Commercial investor real estate mortgage 6 1 5 — 5 2 50.0 Commercial investor real estate construction 1 — 1 — 1 — — Total investor real estate 7 1 6 — 6 2 42.9 Residential first mortgage 42 11 31 — 31 3 33.3 Home equity 10 1 9 — 9 — 10.0 Total consumer 52 12 40 — 40 3 28.8 $ 679 $ 109 $ 570 $ 49 $ 521 $ 149 38.0 % Accruing Impaired Loans As of December 31, 2017 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans on Accrual Status Impaired Loans on Accrual Status with No Related Allowance Impaired Loans on Accrual Status with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 154 $ 8 $ 146 $ 1 $ 145 $ 19 17.5 % Commercial real estate mortgage—owner-occupied 90 5 85 — 85 8 14.4 Commercial real estate construction—owner-occupied 1 — 1 — 1 — — Total commercial 245 13 232 1 231 27 16.3 Commercial investor real estate mortgage 63 2 61 — 61 3 7.9 Commercial investor real estate construction 29 — 29 — 29 3 10.3 Total investor real estate 92 2 90 — 90 6 8.7 Residential first mortgage 419 13 406 — 406 39 12.4 Home equity 251 1 250 — 250 5 2.4 Consumer credit card 1 — 1 — 1 — — Other consumer 9 — 9 — 9 — — Total consumer 680 14 666 — 666 44 8.5 $ 1,017 $ 29 $ 988 $ 1 $ 987 $ 77 10.4 % Total Impaired Loans As of December 31, 2017 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans Impaired Loans with No Related Allowance Impaired Loans with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 634 $ 88 $ 546 $ 30 $ 516 $ 122 33.1 % Commercial real estate mortgage—owner-occupied 223 20 203 20 183 46 29.6 Commercial real estate construction—owner-occupied 8 1 7 — 7 3 50.0 Total commercial 865 109 756 50 706 171 32.4 Commercial investor real estate mortgage 69 3 66 — 66 5 11.6 Commercial investor real estate construction 30 — 30 — 30 3 10.0 Total investor real estate 99 3 96 — 96 8 11.1 Residential first mortgage 461 24 437 — 437 42 14.3 Home equity 261 2 259 — 259 5 2.7 Consumer credit card 1 — 1 — 1 — — Other consumer 9 — 9 — 9 — — Total consumer 732 26 706 — 706 47 10.0 $ 1,696 $ 138 $ 1,558 $ 50 $ 1,508 $ 226 21.5 % ________ (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, 2018 and 2017 . Interest income recognized represents interest on accruing loans modified in a TDR. Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 Average Balance Interest Income Recognized Average Balance Interest Income Recognized Average Balance Interest Income Recognized Average Balance Interest Income Recognized (In millions) Commercial and industrial $ 471 $ 2 $ 748 $ 3 $ 507 $ 7 $ 804 $ 9 Commercial real estate mortgage—owner-occupied 120 1 209 2 141 6 234 4 Commercial real estate construction—owner-occupied 6 — 5 — 6 — 5 — Total commercial 597 3 962 5 654 13 1,043 13 Commercial investor real estate mortgage 52 1 93 1 68 3 87 3 Commercial investor real estate construction — — 40 1 10 — 42 2 Total investor real estate 52 1 133 2 78 3 129 5 Residential first mortgage 210 2 448 4 237 6 454 12 Home equity 222 2 275 4 238 9 285 11 Consumer credit card 1 — 2 — 1 — 2 — Other consumer 7 — 9 — 7 — 10 — Total consumer 440 4 734 8 483 15 751 23 Total impaired loans $ 1,089 $ 8 $ 1,829 $ 15 $ 1,215 $ 31 $ 1,923 $ 41 TROUBLED DEBT RESTRUCTURINGS Regions regularly modifies commercial and investor real estate loans in order to facilitate a workout strategy. Similarly, Regions works to meet the individual needs of consumer borrowers to stem foreclosure through its CAP. Refer to Note 6 "Allowance For Credit Losses" in the 2017 Annual Report on Form 10-K for additional information regarding the Company's TDRs. 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 "Summary of Significant Accounting Policies" in the 2017 Annual Report on Form 10-K. 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. Loans first reported as TDRs during the nine months ended September 30, 2018 and 2017 totaled approximately $330 million and $456 million , respectively. Three Months Ended September 30, 2018 Financial Impact of Modifications Considered TDRs Number of Obligors Recorded Investment Increase in Allowance at Modification (Dollars in millions) Commercial and industrial 27 $ 94 $ 1 Commercial real estate mortgage—owner-occupied 16 13 — Total commercial 43 107 1 Commercial investor real estate mortgage 5 16 1 Total investor real estate 5 16 1 Residential first mortgage 43 11 1 Home equity 28 2 — Consumer credit card 14 — — Indirect—vehicles and other consumer 22 1 — Total consumer 107 14 1 155 $ 137 $ 3 Three Months Ended September 30, 2017 Financial Impact of Modifications Considered TDRs Number of Obligors Recorded Investment Increase in Allowance at Modification (Dollars in millions) Commercial and industrial 37 $ 157 $ 2 Commercial real estate mortgage—owner-occupied 33 32 1 Total commercial 70 189 3 Commercial investor real estate mortgage 8 45 2 Total investor real estate 8 45 2 Residential first mortgage 67 9 1 Home equity 10 1 — Consumer credit card 11 — — Indirect—vehicles and other consumer 38 1 — Total consumer 126 11 1 204 $ 245 $ 6 Nine Months Ended September 30, 2018 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 82 $ 308 $ 4 Commercial real estate mortgage—owner-occupied 54 37 — Total commercial 136 345 4 Commercial investor real estate mortgage 20 65 3 Total investor real estate 20 65 3 Residential first mortgage 141 25 3 Home equity 75 5 — Consumer credit card 39 — — Indirect—vehicles and other consumer 55 1 — Total consumer 310 31 3 466 $ 441 $ 10 Nine Months Ended September 30, 2017 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 106 $ 449 $ 9 Commercial real estate mortgage—owner-occupied 94 97 3 Commercial real estate construction—owner-occupied 3 2 — Total commercial 203 548 12 Commercial investor real estate mortgage 33 93 3 Commercial investor real estate construction 5 70 2 Total investor real estate 38 163 5 Residential first mortgage 168 34 4 Home equity 101 8 — Consumer credit card 54 — — Indirect—vehicles and other consumer 125 2 — Total consumer 448 44 4 689 $ 755 $ 21 Defaulted TDRs The following table presents, by portfolio segment and class, TDRs that defaulted during the three and nine months ended September 30, 2018 and 2017, and that 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 placement on non-accrual status for the commercial and investor real estate portfolio segments, and 90 days past due and still accruing for the consumer portfolio segment. 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, 2017. Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions) Defaulted During the Period, Where Modified in a TDR Twelve Months Prior to Default Commercial and industrial $ 4 $ 1 $ 25 $ 9 Commercial real estate mortgage—owner-occupied — 1 1 1 Total commercial 4 2 26 10 Residential first mortgage 2 1 6 6 Home equity — — — 1 Total consumer 2 1 6 7 $ 6 $ 3 $ 32 $ 17 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, 2018, approximately $66 million of commercial and investor real estate loans modified in a TDR during the three months ended September 30, 2018 were on non-accrual status. Approximately 39 percent of this amount was 90 days past due. At September 30, 2018 , Regions had restructured binding unfunded commitments totaling $8 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, 2018 | |
Transfers and Servicing of Financial Assets [Abstract] | |
Servicing of Financial Assets | SERVICING OF FINANCIAL ASSETS RESIDENTIAL MORTGAGE BANKING ACTIVITIES The fair value of residential MSRs 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 MSRs. 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 MSRs under the fair value measurement method: Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions) Carrying value, beginning of period $ 362 $ 346 $ 336 $ 324 Additions 50 10 67 56 Increase (decrease) in fair value: Due to change in valuation inputs or assumptions 6 (9 ) 38 (12 ) Economic amortization associated with borrower repayments (1) (12 ) (12 ) (35 ) (33 ) Carrying value, end of period $ 406 $ 335 $ 406 $ 335 ________ (1) "Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. On April 28, 2017, the Company purchased the rights to service approximately $2.7 billion in residential mortgage loans for approximately $30 million . On July 31, 2018, the Company purchased the rights to service approximately $3.4 billion in residential mortgage loans for approximately $42 million . Data and assumptions used in the fair value calculation, as well as the valuation’s sensitivity to rate fluctuations, related to residential MSRs (excluding related derivative instruments) are as follows: September 30 2018 2017 (Dollars in millions) Unpaid principal balance $ 34,142 $ 32,586 Weighted-average CPR (%) 8.3 % 10.0 % Estimated impact on fair value of a 10% increase $ (23 ) $ (22 ) Estimated impact on fair value of a 20% increase $ (44 ) $ (40 ) Option-adjusted spread (basis points) 802 860 Estimated impact on fair value of a 10% increase $ (13 ) $ (11 ) Estimated impact on fair value of a 20% increase $ (26 ) $ (23 ) Weighted-average coupon interest rate 4.1 % 4.1 % Weighted-average remaining maturity (months) 280 282 Weighted-average servicing fee (basis points) 27.3 27.4 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 residential MSRs 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 2018 2017 2018 2017 (In millions) Servicing related fees and other ancillary income $ 24 $ 24 $ 70 $ 71 Residential mortgage 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 an immaterial repurchase liability related to residential 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. COMMERCIAL MORTGAGE BANKING ACTIVITIES Regions is an approved DUS lender. The DUS program provides liquidity to the multi-family housing market. In connection with the DUS program, Regions services commercial loans, retains commercial MSRs and intangible assets associated with the DUS license, and assumes a loss share guarantee associated with the loans. See Note 1 "Summary of Significant Accounting Policies" in the 2017 Annual Report on Form 10-K for additional information. Also see Note 13 herein for additional information related to the guarantee. As of September 30, 2018 and December 31, 2017 , the DUS servicing portfolio was approximately $3.2 billion and $2.9 billion , respectively. The related commercial MSRs were valued at approximately $52 million and $48 million at September 30, 2018 and December 31, 2017 , respectively. The estimated fair value of the loss share guarantee was valued at approximately $4 million at both September 30, 2018 and December 31, 2017 . |
Goodwill
Goodwill | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill | GOODWILL Goodwill allocated to each reportable segment (each a reporting unit) is presented as follows: September 30, 2018 December 31, 2017 (In millions) Corporate Bank $ 2,474 $ 2,474 Consumer Bank 1,978 1,978 Wealth Management 377 452 $ 4,829 $ 4,904 The goodwill allocated to the Wealth Management reportable segment decreased due to the sale of Regions Insurance Group in the third quarter of 2018. See Note 2 for related disclosure. 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 of the Annual Report on Form 10-K for the year ended December 31, 2017. 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 2018 , Regions assessed events and circumstances for all three reporting units as of September 30, 2018 , 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. 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 value as of September 30, 2018 . Therefore, Regions determined that a test of goodwill impairment was not required for each of Regions’ reporting units for the September 30, 2018 interim period. |
Stockholders' Equity and Accumu
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) | STOCKHOLDERS’ EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) PREFERRED STOCK The following table presents a summary of the non-cumulative perpetual preferred stock: September 30, 2018 December 31, 2017 Issuance Date Earliest Redemption Date Dividend Rate Liquidation Amount Carrying Amount Carrying Amount (Dollars in millions) Series A 11/1/2012 12/15/2017 6.375 % $ 500 $ 387 $ 387 Series B 4/29/2014 9/15/2024 6.375 % (1) 500 433 433 $ 1,000 $ 820 $ 820 _________ (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 $24 million in cash dividends on both Series A and Series B Preferred Stock during the first nine months of 2018 and 2017. In the event Series A and Series B preferred shares are redeemed at the liquidation amounts, $113 million and $67 million excess of the redemption amount over the carrying amount will be recognized, respectively. Approximately $100 million of Series A preferred dividends that were recorded as a reduction of preferred stock, including related surplus, will be recorded as a reduction to retained earnings, and approximately $13 million of related issuance costs that were recorded as a reduction of preferred stock, including related surplus, will be recorded as a reduction to net income available to common shareholders. Approximately $52 million of Series B preferred dividends that were recorded as a reduction of preferred stock, including related surplus, will be recorded as a reduction to retained earnings, and approximately $15 million of related issuance costs that were recorded as a reduction of preferred stock, including related surplus, will be recorded as a reduction to net income available to common shareholders. COMMON STOCK On June 28, 2018, Regions received no objection from the Federal Reserve to its 2018 capital plan that was submitted as part of the CCAR process, which included the repurchase of common shares and a common stock dividend increase. As part of the Company's capital plan, the Board authorized a new $2.031 billion common stock repurchase plan, permitting repurchases from the beginning of the third quarter of 2018 through the second quarter of 2019. This plan is inclusive of the capital generated from the sale of Regions Insurance Group, Inc. and related affiliates (see Note 2). The capital plan included a proposed increase of the quarterly common stock dividend to $0.14 per common share that began in the third quarter of 2018. As of September 30, 2018, Regions has repurchased 59.6 million shares of common stock under the 2018 capital plan at a total cost of approximately $1.3 billion. The common share repurchases and total cost paid include amounts related to a contractual repurchase agreement entered into on August 27, 2018, through which the Company made a payment of $700 million , and received an initial delivery of approximately 29.1 million shares, representing approximately 80 percent of the total value of the transaction. The final number of shares repurchased is based on the volume-weighted average stock price of the Company’s common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the agreement. These shares were immediately retired upon repurchase and, therefore, are not included in treasury stock. The counterparty to the Company's contractual repurchase agreement completed the transaction on October 24, 2018, and final settlement resulted in an additional delivery of 8.8 million shares of common stock on October 29, 2018. The Company also continued open market share repurchases under the capital plan in the fourth quarter of 2018. As of November 6, 2018, Regions had repurchased approximately 25.3 million shares of common stock at a total cost of approximately $274.5 million . All of these shares were immediately retired upon repurchase and, therefore, will not be included in treasury stock. Prior to the new common stock repurchase plan, Regions had authorization to repurchase $1.47 billion in common shares. As of June 30, 2018, Regions had repurchased approximately 90.6 million shares of common stock at a total cost of approximately $1.47 billion under this plan and concluded the plan during the second quarter of 2018. Regions’ Board declared a cash dividend for third quarter of 2018 of $0.14 per share and $0.09 per common share for both the second and first quarters of 2018, totaling $0.32 per common share for the first nine months of 2018. The Board declared $0.09 per common share for the third quarter of 2017 as compared to $0.07 per common share for the second quarter of 2017 and $0.065 per common share for the first quarter of 2017, respectively, totaling $0.225 per common share for the first nine months of 2017. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Activity within the balances in accumulated other comprehensive income (loss), net is shown in the following tables: Three Months Ended September 30, 2018 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 $ (30 ) $ (530 ) $ (197 ) $ (498 ) $ (1,255 ) Net change 2 (102 ) (44 ) 5 (139 ) End of period $ (28 ) $ (632 ) $ (241 ) $ (493 ) $ (1,394 ) Three Months Ended September 30, 2017 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 (In millions) Beginning of period $ (30 ) $ (55 ) $ 11 $ (405 ) $ (479 ) Net change 1 21 (4 ) 7 25 End of period $ (29 ) $ (34 ) $ 7 $ (398 ) $ (454 ) Nine Months Ended September 30, 2018 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 (In millions) Beginning of period $ (33 ) $ (153 ) $ (51 ) $ (512 ) $ (749 ) Net change 5 (479 ) (190 ) 19 (645 ) End of period $ (28 ) $ (632 ) $ (241 ) $ (493 ) $ (1,394 ) Nine Months Ended September 30, 2017 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 (In millions) Beginning of period $ (33 ) $ (106 ) $ 11 $ (422 ) $ (550 ) Net change 4 72 (4 ) 24 96 End of period $ (29 ) $ (34 ) $ 7 $ (398 ) $ (454 ) The following table presents amounts reclassified out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 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 ) $ (2 ) Net interest income and other financing income 1 1 Tax (expense) or benefit $ (2 ) $ (1 ) Net of tax Unrealized gains and (losses) on available for sale securities: $ (1 ) $ 4 Securities gains (losses), net — (2 ) Tax (expense) or benefit $ (1 ) $ 2 Net of tax Gains and (losses) on cash flow hedges: Interest rate contracts $ — $ 17 Net interest income and other financing income — (7 ) Tax (expense) or benefit $ — $ 10 Net of tax Amortization of defined benefit pension plans and other post employment benefits: Actuarial gains (losses) and settlements $ (8 ) $ (11 ) (2) (8 ) (11 ) Total before tax 2 4 Tax (expense) or benefit $ (6 ) $ (7 ) Net of tax Total reclassifications for the period $ (9 ) $ 4 Net of tax Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 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: $ (7 ) $ (7 ) Net interest income and other financing income 2 3 Tax (expense) or benefit $ (5 ) $ (4 ) Net of tax Unrealized gains and (losses) on available for sale securities: $ — $ 5 Securities gains (losses), net — (2 ) Tax (expense) or benefit $ — $ 3 Net of tax Gains and (losses) on cash flow hedges: Interest rate contracts $ 16 $ 70 Net interest income and other financing income (4 ) (27 ) Tax (expense) or benefit $ 12 $ 43 Net of tax Amortization of defined benefit pension plans and other post employment benefits: Actuarial gains (losses) and settlements $ (27 ) $ (39 ) (2) (27 ) (39 ) Total before tax 6 14 Tax (expense) or benefit $ (21 ) $ (25 ) Net of tax Total reclassifications for the period $ (14 ) $ 17 Net of tax ________ (1) Amounts in parentheses indicate reductions to net income. (2) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost and is included in other non-interest expense on the consolidated statements of income (see Note 9 for additional details). |
Earnings (Loss) Per Common Shar
Earnings (Loss) Per Common Share | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings (Loss) Per Common Share | EARNINGS (LOSS) PER COMMON SHARE The following table sets forth the computation of basic earnings (loss) per common share and diluted earnings (loss) per common share: Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions, except per share amounts) Numerator: Income from continuing operations $ 370 $ 312 $ 1,162 $ 921 Preferred stock dividends (16 ) (16 ) (48 ) (48 ) Income from continuing operations available to common shareholders 354 296 1,114 873 Income (loss) from discontinued operations, net of tax 194 (1 ) 191 7 Net income available to common shareholders $ 548 $ 295 $ 1,305 $ 880 Denominator: Weighted-average common shares outstanding—basic 1,086 1,182 1,111 1,197 Potential common shares 9 11 10 12 Weighted-average common shares outstanding—diluted 1,095 1,193 1,121 1,209 Earnings per common share from continuing operations available to common shareholders (1) : Basic $ 0.33 $ 0.25 $ 1.00 $ 0.73 Diluted 0.32 0.25 0.99 0.72 Earnings (loss) per common share from discontinued operations (1) : Basic $ 0.18 $ (0.00 ) $ 0.17 $ 0.01 Diluted 0.18 (0.00 ) 0.17 0.01 Earnings per common share (1) : Basic $ 0.50 $ 0.25 $ 1.18 $ 0.74 Diluted 0.50 0.25 1.16 0.73 ________ (1) Certain per share amounts may not appear to reconcile due to rounding. The effect from the assumed exercise of 5 million and 6 million stock options, restricted stock units and awards and performance stock units for the three and nine months ended September 30, 2018 , 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 14 million and 15 million stock options, restricted stock units and awards and performance stock units for the three and nine months ended September 30, 2017 , 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. |
Pension and Other Postretiremen
Pension and Other Postretirement Benefits | 9 Months Ended |
Sep. 30, 2018 | |
Defined Benefit Plan [Abstract] | |
Pension and Other Postretirement Benefits | PENSION AND OTHER POSTRETIREMENT BENEFITS Regions' defined benefit pension plans cover certain employees as the pension plans are closed to new entrants. The Company also sponsors a 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 (credit) includes the following components: Qualified Plans Non-qualified Plans Total Three Months Ended September 30 2018 2017 2018 2017 2018 2017 (In millions) Service cost $ 7 $ 8 $ — $ 1 $ 7 $ 9 Interest cost 18 18 2 1 20 19 Expected return on plan assets (38 ) (35 ) — — (38 ) (35 ) Amortization of actuarial loss 7 8 1 1 8 9 Settlement charge — — — 2 — 2 Net periodic pension cost (credit) $ (6 ) $ (1 ) $ 3 $ 5 $ (3 ) $ 4 Qualified Plans Non-qualified Plans Total Nine Months Ended September 30 2018 2017 2018 2017 2018 2017 (In millions) Service cost $ 26 $ 25 $ 2 $ 3 $ 28 $ 28 Interest cost 53 54 4 3 57 57 Expected return on plan assets (115 ) (106 ) — — (115 ) (106 ) Amortization of actuarial loss 23 24 4 3 27 27 Settlement charge — — — 12 — 12 Net periodic pension cost (credit) $ (13 ) $ (3 ) $ 10 $ 21 $ (3 ) $ 18 The service cost component of net periodic pension cost (credit) is recorded in salaries and employee benefits on the consolidated statements of income. Components other than service cost are recorded in other non-interest expense on the consolidated statements of income. Regions' funding policy for the qualified plans is to contribute annually at least the amount required by IRS minimum funding standards. Regions made a contribution of $100 million for the 2017 plan year during the first quarter of 2018. Regions also made a contribution of $75 million for the 2017 plan year during the third quarter of 2017. 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, 2018 or 2017 . |
Derivative Financial Instrument
Derivative Financial Instruments and Hedging Activities | 9 Months Ended |
Sep. 30, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments and Hedging Activities | 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, 2018 and December 31, 2017 . Beginning in the first quarter of 2018, variation margin payments made for derivatives cleared through LCH Limited are legally characterized as settlements of the derivatives. Exchange traded derivatives cleared through LCH Limited were not offset prior to January 2018. September 30, 2018 December 31, 2017 Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Gain (1) Loss (1) Gain (1) Loss (1) (In millions) Derivatives in fair value hedging relationships: Interest rate swaps $ 3,231 $ 3,060 $ 1 $ 43 Derivatives in cash flow hedging relationships: Interest rate swaps 7,000 6,825 5 188 Interest rate floors (2) 2,000 $ 23 — — — Total derivatives designated as hedging instruments $ 12,231 $ 23 $ 9,885 $ 6 $ 231 Derivatives not designated as hedging instruments: Interest rate swaps $ 45,002 $ 123 $ 324 $ 40,841 $ 308 $ 342 Interest rate options 6,873 40 30 4,598 23 15 Interest rate futures and forward commitments 20,611 7 5 20,404 6 5 Other contracts 7,189 76 71 5,721 51 48 Total derivatives not designated as hedging instruments $ 79,675 $ 246 $ 430 $ 71,564 $ 388 $ 410 Total derivatives $ 91,906 $ 269 $ 430 $ 81,449 $ 394 $ 641 Total gross derivative instruments, before netting $ 269 $ 430 $ 394 $ 641 Less: Legally enforceable master netting agreements 97 97 107 107 Less: Cash collateral received/posted 60 107 34 131 Total gross derivative instruments, after netting (3) $ 112 $ 226 $ 253 $ 403 _________ (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. There is no fair value presented for contracts that are characterized as settled daily. (2) Estimated fair value includes premium and change in fair value of the interest rate floors. (3) As of September 30, 2018, financial instruments posted of $24 million were not offset in the consolidated balance sheets. As of December 31, 2017, cash collateral posted of $257 million and financial instruments posted of $50 million were not offset in 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, 2017 , 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. 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 debt securities. These agreements involve the payment of fixed-rate amounts in exchange for floating-rate interest receipts. 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 and floor 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 and interest rate floors. Regions recognized an unrealized after-tax gain of $55 million and $130 million in accumulated other comprehensive income (loss) at September 30, 2018 and 2017 , respectively, related to terminated cash flow hedges of loan instruments, which will be amortized into earnings in conjunction with the recognition of interest payments through 2025. Regions recognized pre-tax income of $10 million and $16 million during the three months ended September 30, 2018 and 2017 , respectively, and pre-tax income of $39 million and $53 million during the nine months ended September 30, 2018 and 2017 , respectively, related to the amortization of discontinued cash flow hedges of loan instruments. Regions expects to reclassify out of accumulated other comprehensive income (loss) and into earnings approximately $34 million in pre-tax expense due to the receipt or payment of interest payments on all cash flow hedges within the next twelve months. Included in this amount is $18 million in pre-tax net income 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, 2018 , and a portion of these hedges are forward starting. The following tables present the effect of hedging derivative instruments on the consolidated statements of income: Three Months Ended September 30, 2018 Interest Income Interest Expense Non-interest expense Debt securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 155 $ 919 $ 64 $ 84 $ 286 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ — $ — $ — $ (5 ) $ — Recognized on derivatives — — — (6 ) — Recognized on hedged items — — — 5 — Net income (expense) recognized on fair value hedges $ — $ — $ — $ (6 ) $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ — $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ — $ — $ — $ — Three Months Ended September 30, 2017 Interest Income Interest Expense Non-interest expense Securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 148 $ 827 $ 42 $ 53 $ 217 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ (1 ) $ — $ — $ — $ — Recognized on derivatives — — — — (6 ) Recognized on hedged items — — — — 6 Net income (expense) recognized on fair value hedges $ (1 ) $ — $ — $ — $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 17 $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ 17 $ — $ — $ — Nine Months Ended September 30, 2018 Interest Income Interest Expense Non-interest expense Debt securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 465 $ 2,651 $ 170 $ 229 $ 746 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ (1 ) $ — $ — $ (10 ) $ — Recognized on derivatives 5 — — (47 ) — Recognized on hedged items (5 ) — — 45 — Net income (expense) recognized on fair value hedges $ (1 ) $ — $ — $ (12 ) $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 16 $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ 16 $ — $ — $ — Nine Months Ended September 30, 2017 Interest Income Interest Expense Non-interest expense Securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 445 $ 2,401 $ 114 $ 153 $ 673 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ (3 ) $ — $ — $ 2 $ — Recognized on derivatives — — — — (3 ) Recognized on hedged items — — — — 3 Net income (expense) recognized on fair value hedges $ (3 ) $ — $ — $ 2 $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 70 $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ 70 $ — $ — $ — _____ (1) See Note 7 for gain or (loss) recognized for cash flow hedges in AOCI. (2) Pre-tax The following table presents the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships. September 30, 2018 Hedged Items Currently Designated Hedged Items No Longer Designated Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment (In millions) Debt securities available for sale $ 83 $ (2 ) $ 605 $ 4 Long-term borrowings (3,056 ) 97 — — DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS The Company holds a portfolio of interest rate swaps, option contracts, and futures and forward commitments that result from transactions with its commercial customers in which they manage their risks by entering into a derivative with Regions. The Company monitors and manages the net risk in this customer portfolio and enters into separate derivative contracts in order to reduce the overall exposure to pre-defined limits. For both derivatives with its end customers and derivatives Regions enters into to mitigate the risk in this portfolio, the Company is subject to market risk and the risk that the counterparty will default. The contracts in this portfolio are not designated as accounting hedges and are marked-to market through earnings (in capital markets fee income and other) and included in other assets and other liabilities, as appropriate. 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, 2018 and December 31, 2017 , Regions had $318 million and $197 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. Residential mortgage loans held for sale are recorded at fair value with changes in fair value recorded in mortgage income. Commercial mortgage loans held for sale are recorded at either the lower of cost or market or at fair value based on management's election. At September 30, 2018 and December 31, 2017 , Regions had $569 million and $481 million , respectively, in total notional amounts related to these forward sale commitments. Changes in mark-to-market from both interest rate lock commitments and corresponding forward sale commitments related to residential mortgage loans are included in mortgage income. Changes in mark-to-market from both interest rate lock commitments and corresponding forward sale commitments related to commercial mortgage loans are included in capital markets fee income and other. Regions has elected to account for residential MSRs at fair 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 effect of changes in the fair value of its residential MSRs in its consolidated statements of income. As of September 30, 2018 and December 31, 2017 , the total notional amount related to these contracts was $5.3 billion and $4.8 billion , respectively. 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, 2018 and 2017 : Three Months Ended September 30 Nine Months Ended September 30 Derivatives Not Designated as Hedging Instruments 2018 2017 2018 2017 (In millions) Capital markets income: Interest rate swaps $ 5 $ 3 $ 17 $ 9 Interest rate options 6 9 19 19 Interest rate futures and forward commitments 1 1 3 6 Other contracts — 9 4 (6 ) Total capital markets income 12 22 43 28 Mortgage income: Interest rate swaps (9 ) 1 (33 ) 7 Interest rate options (4 ) (2 ) (1 ) (3 ) Interest rate futures and forward commitments 4 2 — (5 ) Total mortgage income (9 ) 1 (34 ) (1 ) $ 3 $ 23 $ 9 $ 27 Credit risk, defined as all positive exposures not collateralized with cash or other assets or reserved for, at September 30, 2018 and December 31, 2017 , totaled approximately $102 million and $251 million , respectively. These amounts represent 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. Swap participations, whereby Regions has purchased credit protection, entitle Regions to receive a payment from the counterparty if the customer fails to make payment on any amounts due to Regions upon early termination of the swap transaction and have maturities between 2018 and 2026. Swap participations, whereby Regions has sold credit protection have maturities between 2018 and 2038. For contracts where Regions sold credit protection, Regions would be required to make payment to the counterparty if 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, 2018 was approximately $488 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, 2018 and 2017 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. Regions has bought credit protection in the form of credit default indices. These indices, which meet the definition of credit derivatives, were entered into in the ordinary course of business to economically hedge credit spread risk in commercial mortgage loans held for sale whereby the fair value option has been elected. Credit derivatives, whereby Regions has purchased credit protection, entitle Regions to receive a payment from the counterparty if losses on the underlying index exceed a certain threshold, dependent upon the tranche rating of the capital structure. 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 values of all derivative instruments with any credit-risk-related contingent features that were in a liability position on September 30, 2018 and December 31, 2017 , were $66 million and $91 million , respectively, for which Regions had posted collateral of $66 million and $90 million , respectively, in the normal course of business. |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTS 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, 2017 for a description of valuation methodologies for assets and liabilities measured at fair value on a recurring and non-recurring basis. Assets and liabilities measured at fair value rarely transfer between Level 1 and Level 2 measurements. There were no such transfers during the nine month periods ended September 30, 2018 and 2017 . Marketable equity securities and debt securities available for sale may be periodically transferred to or from Level 3 valuation based on management’s conclusion regarding the observability of inputs used in valuing the securities. 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, 2018 and December 31, 2017 : September 30, 2018 December 31, 2017 Level 1 Level 2 Level 3 (1) Total Estimated Fair Value Level 1 Level 2 Level 3 (1) Total Estimated Fair Value (In millions) Recurring fair value measurements Debt securities available for sale: U.S. Treasury securities $ 276 $ — $ — $ 276 $ 331 $ — $ — $ 331 Federal agency securities — 46 — 46 — 28 — 28 Mortgage-backed securities (MBS): Residential agency — 16,669 — 16,669 — 17,431 — 17,431 Residential non-agency — — 2 2 — — 3 3 Commercial agency — 3,775 — 3,775 — 3,714 — 3,714 Commercial non-agency — 773 — 773 — 788 — 788 Corporate and other debt securities — 1,127 3 1,130 — 1,105 3 1,108 Total debt securities available for sale $ 276 $ 22,390 $ 5 $ 22,671 $ 331 $ 23,066 $ 6 $ 23,403 Loans held for sale $ — $ 293 $ — $ 293 $ — $ 325 $ — $ 325 Marketable equity securities (2) $ 475 $ — $ — $ 475 $ 414 $ — $ — $ 414 Residential mortgage servicing rights $ — $ — $ 406 $ 406 $ — $ — $ 336 $ 336 Derivative assets: Interest rate swaps $ — $ 123 $ — $ 123 $ — $ 314 $ — $ 314 Interest rate options — 56 7 63 — 18 5 23 Interest rate futures and forward commitments — 7 — 7 — 6 — 6 Other contracts 1 75 — 76 2 49 — 51 Total derivative assets $ 1 $ 261 $ 7 $ 269 $ 2 $ 387 $ 5 $ 394 Derivative liabilities: Interest rate swaps $ — $ 324 $ — $ 324 $ — $ 573 $ — $ 573 Interest rate options — 30 — 30 — 15 — 15 Interest rate futures and forward commitments — 5 — 5 — 5 — 5 Other contracts 1 69 1 71 2 46 — 48 Total derivative liabilities $ 1 $ 428 $ 1 $ 430 $ 2 $ 639 $ — $ 641 Non-recurring fair value measurements Loans held for sale $ — $ — $ 18 $ 18 $ — $ — $ 20 $ 20 Equity investments without a readily determinable fair value (3) — — 19 19 — — — — Foreclosed property and other real estate — 17 2 19 — 24 9 33 _________ (1) All following disclosures related to Level 3 recurring and non-recurring assets do not include those deemed to be immaterial. (2) Marketable equity securities were reclassified from trading account securities and securities available for sale to other earning assets, beginning in the first quarter of 2018, with the adoption of new accounting guidance. Prior periods have been reclassified to conform to current period presentation. (3) With the adoption of new accounting guidance, effective January 1, 2018, equity investments without a readily determinable fair value are required to be adjusted prospectively to estimated fair value when an observable price transaction for a same or similar investment with the same issuer occurs. 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 ALCO in a holistic approach to managing price fluctuation risks. The following tables illustrate rollforwards for all material 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, 2018 and 2017 , respectively. The net changes in realized gains (losses) included in earnings related to Level 3 assets and liabilities held at September 30, 2018 and 2017 are not material. Three Months Ended September 30, 2018 Opening Total Realized / Unrealized Gains or Losses Purchases Sales Issuances Settlements Transfers Transfers Closing Included in Earnings Included in Other Compre- hensive Income (Loss) (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 362 (6 ) (1) — 50 — — — — — $ 406 Three Months Ended September 30, 2017 Opening Total Realized / Purchases Sales Issuances Settlements Transfers Transfers Closing Included Included (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 346 (21 ) (1) — 10 — — — — — $ 335 Nine Months Ended September 30, 2018 Opening Total Realized / Unrealized Gains or Losses Purchases Sales Issuances Settlements Transfers Transfers Closing Included in Earnings Included in Other Compre- hensive Income (Loss) (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 336 3 (1) — 67 — — — — — $ 406 Nine Months Months Ended September 30, 2017 Opening Total Realized / Purchases Sales Issuances Settlements Transfers Transfers Closing Included Included (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 324 (45 ) (1) — 56 — — — — — $ 335 _________ (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 2018 2017 2018 2017 (In millions) Loans held for sale $ (4 ) $ (1 ) $ (10 ) $ (8 ) Foreclosed property and other real estate (3 ) (6 ) (13 ) (21 ) Equity investments without a readily determinable fair value 5 — 13 — The following tables present detailed information regarding material assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of September 30, 2018 , and December 31, 2017 . 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, 2018 , and December 31, 2017 , are included. Following the tables are descriptions of the valuation techniques and the sensitivity of the techniques to changes in the significant unobservable inputs. September 30, 2018 Level 3 Valuation Technique Unobservable Input(s) Quantitative Range of Unobservable Inputs and (Weighted-Average) (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $406 Discounted cash flow Weighted-average CPR (%) 1.7% - 41.0% (8.3%) OAS (%) 3.1% - 15.0% (8.0%) _________ (1) See Note 5 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. December 31, 2017 Level 3 Valuation Technique Unobservable Input(s) Quantitative Range of Unobservable Inputs and (Weighted-Average) (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $336 Discounted cash flow Weighted-average CPR (%) 7.9% - 28.1% (9.9%) OAS (%) 8.1% - 15.0% (8.6%) _________ (1) See Note 7 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2017 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 Residential mortgage servicing rights The significant unobservable inputs used in the fair value measurement of residential MSRs are OAS and CPR. This valuation 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 including 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 included in the MSR rollforward table in Note 5. See Note 5 for these amounts and additional disclosures related to assumptions used in the fair value calculation for MSRs. FAIR VALUE OPTION Regions has elected the fair value option for all FNMA and FHLMC eligible residential mortgage loans and certain commercial mortgage loans originated with the intent to sell. 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 residential 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: September 30, 2018 December 31, 2017 Aggregate Fair Value Aggregate Unpaid Principal Aggregate Fair Value Less Aggregate Unpaid Principal Aggregate Fair Value Aggregate Unpaid Principal Aggregate Fair Value Less Aggregate Unpaid Principal (In millions) Mortgage loans held for sale, at fair value $ 293 $ 286 $ 7 $ 325 $ 314 $ 11 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 and losses 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, 2018 and 2017 . 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. Net gains (losses) resulting from changes in fair value Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions) Mortgage loans held for sale, at fair value $ (4 ) $ (3 ) $ (4 ) $ 5 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, 2018 are as follows: September 30, 2018 Carrying Amount Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 3,495 $ 3,495 $ 3,495 $ — $ — Debt securities held to maturity 1,524 1,472 — 1,472 — Debt securities available for sale 22,671 22,671 276 22,390 5 Loans held for sale 331 331 — 309 22 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 79,940 78,722 — — 78,722 Other earning assets (4) 1,408 1,408 475 933 — Derivative assets 269 269 1 261 7 Financial liabilities: Derivative liabilities 430 430 1 428 1 Deposits 93,255 93,267 — 93,267 — Short-term borrowings 3,250 3,250 — 3,250 — Long-term borrowings 11,178 11,434 — 10,618 816 Loan commitments and letters of credit 75 432 — — 432 _________ (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 relies on a robust, cross-functional corporate governance program to make adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (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 on the loan portfolio's net carrying amount at September 30, 2018 was $1.2 billion or 1.5 percent. (3) Excluded from this table is the capital lease carrying amount of $1.0 billion at September 30, 2018 . (4) Excluded from this table is the operating lease carrying amount of $393 million at September 30, 2018 . 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, 2017 are as follows: December 31, 2017 Carrying Amount Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 3,981 $ 3,981 $ 3,981 $ — $ — Debt securities held to maturity 1,658 1,667 — 1,667 — Debt securities available for sale 23,403 23,403 331 23,066 6 Loans held for sale 348 348 — 328 20 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 77,942 76,871 — — 76,871 Other earning assets (4) 1,402 1,402 414 988 — Derivative assets 394 394 2 387 5 Financial liabilities: Derivative liabilities 641 641 2 639 — Deposits 96,889 96,927 — 96,927 — Short-term borrowings 500 500 — 500 — Long-term borrowings 8,132 8,517 — 7,757 760 Loan commitments and letters of credit 79 540 — — 540 _________ (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 relies on a robust, cross-functional corporate governance program to make adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (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 on the loan portfolio's net carrying amount at December 31, 2017 was $1.1 billion or 1.4 percent. (3) Excluded from this table is the capital lease carrying amount of $1.1 billion at December 31, 2017 . (4) Excluded from this table is the operating lease carrying amount of $489 million at December 31, 2017 . |
Business Segment Information
Business Segment Information | 9 Months Ended |
Sep. 30, 2018 | |
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: Corporate Bank, Consumer Bank, and Wealth Management, with the remainder split between Discontinued Operations and Other. Additional information about the Company's reportable segments is included in Regions' Annual Report on Form 10-K for the year ended December 31, 2017. 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 by each reportable segment may be periodically revised. Discontinued operations includes all brokerage and investment activities associated with the sale of Morgan Keegan which closed on April 2, 2012, as well as the sale of Regions Insurance Group, Inc. and related affiliates, which closed on July 2, 2018. See Note 2 "Discontinued Operations" for related discussion. The following tables present financial information for each reportable segment for the period indicated. Three Months Ended September 30, 2018 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 348 $ 574 $ 49 $ (29 ) $ 942 $ 1 $ 943 Provision (credit) for loan losses 54 79 4 (53 ) 84 — 84 Non-interest income 137 287 80 15 519 280 799 Non-interest expense 223 527 84 88 922 7 929 Income (loss) before income taxes 208 255 41 (49 ) 455 274 729 Income tax expense (benefit) 52 64 10 (41 ) 85 80 165 Net income (loss) $ 156 $ 191 $ 31 $ (8 ) $ 370 $ 194 $ 564 Average assets $ 51,694 $ 35,142 $ 2,257 $ 34,433 $ 123,526 $ — $ 123,526 Three Months Ended September 30, 2017 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 362 $ 543 $ 49 $ (57 ) $ 897 $ 1 $ 898 Provision (credit) for loan losses 66 75 5 (70 ) 76 — 76 Non-interest income 121 275 76 10 482 34 516 Non-interest expense 212 511 80 50 853 35 888 Income (loss) before income taxes 205 232 40 (27 ) 450 — 450 Income tax expense (benefit) 78 88 16 (44 ) 138 1 139 Net income (loss) $ 127 $ 144 $ 24 $ 17 $ 312 $ (1 ) $ 311 Average assets $ 51,304 $ 34,929 $ 2,438 $ 34,607 $ 123,278 $ 155 $ 123,433 Nine Months Ended September 30, 2018 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 1,027 $ 1,682 $ 147 $ (79 ) $ 2,777 $ 1 $ 2,778 Provision (credit) for loan losses 162 231 13 (272 ) 134 — 134 Non-interest income 417 852 236 33 1,538 349 1,887 Non-interest expense 681 1,574 260 202 2,717 79 2,796 Income (loss) before income taxes 601 729 110 24 1,464 271 1,735 Income tax expense (benefit) 150 182 27 (57 ) 302 80 382 Net income (loss) $ 451 $ 547 $ 83 $ 81 $ 1,162 $ 191 $ 1,353 Average assets $ 51,271 $ 34,985 $ 2,311 $ 34,651 $ 123,218 $ 109 $ 123,327 Nine Months Ended September 30, 2017 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 1,062 $ 1,593 $ 142 $ (159 ) $ 2,638 $ 1 $ 2,639 Provision (credit) for loan losses 199 220 16 (241 ) 194 — 194 Non-interest income 370 837 224 15 1,446 106 1,552 Non-interest expense 645 1,542 247 137 2,571 94 2,665 Income (loss) before income taxes 588 668 103 (40 ) 1,319 13 1,332 Income tax expense (benefit) 223 254 42 (121 ) 398 6 404 Net income (loss) $ 365 $ 414 $ 61 $ 81 $ 921 $ 7 $ 928 Average assets $ 51,896 $ 34,922 $ 2,479 $ 34,569 $ 123,866 $ 158 $ 124,024 |
Commitments, Contingencies and
Commitments, Contingencies and Guarantees | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments, Contingencies and Guarantees | 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, 2018 December 31, 2017 (In millions) Unused commitments to extend credit $ 49,109 $ 45,705 Standby letters of credit 1,448 1,348 Commercial letters of credit 92 76 Liabilities associated with standby letters of credit 26 26 Assets associated with standby letters of credit 27 28 Reserve for unfunded credit commitments 50 53 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 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, 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. 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 discloses the aggregate estimation of such possible losses. Regions currently estimates that it is reasonably possible that it may experience losses in excess of what Regions has accrued in an aggregate amount of up to approximately $20 million as of September 30, 2018, with it also being reasonably possible that Regions could incur no losses in excess of amounts accrued. However, 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 whether 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 discussed above may not include an estimate for every matter disclosed below. 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 civil claims under the RICO Act and claims for commercial disparagement, tortious interference with contractual relationships, tortious interference with prospective economic advantage and common law conspiracy. Plaintiffs alleged 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 alleged that defendants’ actions damaged their reputations and harmed their business relationships. Plaintiffs sought 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 filed an appeal, and in April 2017, the appellate court affirmed the dismissal of the plaintiffs’ claims under the RICO Act. The appellate court reversed the trial court’s dismissal of the commercial disparagement and tortious interference claims and remanded those claims but limited the plaintiffs’ damages. Plaintiffs filed an appeal with the Supreme Court of New Jersey in May 2017, and in October 2017, that court denied the plaintiffs' petition and remanded the case to the trial court. On September 4, 2018, the parties settled all remaining claims. The settlement did not have a material effect on Regions' financial position, results of operations or cash flows as Regions had previously accrued liabilities to substantially cover this matter. This matter was 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. Regions is cooperating with an investigation by the United States Attorney’s Office for the Eastern District of New York pertaining to Regions' banking relationship with a former customer and accounts maintained by related entities and individuals affiliated with the customer who may be involved in criminal activity, as well as related aspects of Regions' Anti-Money Laundering and Bank Secrecy Act compliance program. 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. As of September 30, 2018 , the carrying value and fair value of the indemnification obligation were immaterial. FANNIE MAE DUS LOSS SHARE GUARANTEE Regions is a DUS lender. The DUS program provides liquidity to the multi-family housing market. Regions services loans sold to Fannie Mae and is required to provide a loss share guarantee equal to one-third of the majority of its DUS servicing portfolio. At September 30, 2018 and December 31, 2017 , the Company's DUS servicing portfolio totaled approximately $3.2 billion and $2.9 billion , respectively. Regions' maximum quantifiable contingent liability related to its loss share guarantee was approximately $1.0 billion and $923 million at September 30, 2018 and December 31, 2017 , respectively. The Company would be liable for this amount only if all of the loans it services for Fannie Mae, for which the Company retains some risk of loss, were to default and all of the collateral underlying these loans was determined to be without value at the time of settlement. Therefore, the maximum quantifiable contingent liability is not representative of the actual loss the Company would be expected to incur. The estimated fair value of the associated loss share guarantee recorded as a liability on the Company's consolidated balance sheets was approximately $4 million at both September 30, 2018 and December 31, 2017 . Refer to Note 1 "Summary of Significant Accounting Policies" to the consolidated financial statements in the Annual Report on Form 10-K for the year ended December 31, 2017, for additional information. |
Revenue Recognition
Revenue Recognition | 9 Months Ended |
Sep. 30, 2018 | |
Revenue Recognition [Abstract] | |
Revenue Recognition | REVENUE RECOGNITION The Company records revenue when control of the promised products or services is transferred to the customer, in an amount that reflects the consideration Regions expects to be entitled to receive in exchange for those products or services. 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, 2017 , for descriptions of the accounting and reporting policies related to revenue recognition. The following tables present total non-interest income disaggregated by major product category for each reportable segment for the period indicated. Three Months Ended September 30, 2018 Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 36 $ 142 $ 1 $ (2 ) $ 2 $ 179 $ — Card and ATM fees 13 102 — 1 (5 ) 111 — Investment management and trust fee income — — 59 — — 59 — Capital markets income 15 — — — 30 45 — Mortgage income — — — — 32 32 — Bank-owned life insurance — — — — 18 18 — Commercial credit fee income — — — — 18 18 — Investment services fee income — — 18 — — 18 — Securities gains, net — — — — — — (1 ) Market value adjustments on employee benefit assets — — — — 7 7 — Insurance commissions and fees — — 1 1 — 2 — Gain on sale of business (1) — — — — — — 281 Other miscellaneous income 4 11 1 (1 ) 15 30 — $ 68 $ 255 $ 80 $ (1 ) $ 117 $ 519 $ 280 Three Months Ended September 30, 2017 (2) Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 36 $ 136 $ 1 $ (1 ) $ 3 $ 175 $ — Card and ATM fees 11 94 — — (2 ) 103 — Investment management and trust fee income — — 58 — — 58 — Capital markets income 10 — — — 25 35 — Mortgage income — — — — 32 32 — Bank-owned life insurance — — — — 20 20 — Commercial credit fee income — — — — 17 17 — Investment services fee income — — 15 — — 15 — Securities gains, net — — — — 8 8 — Market value adjustments on employee benefit assets — — — — 3 3 — Insurance commissions and fees — — — — — — 33 Other miscellaneous income 4 12 1 — (1 ) 16 1 $ 61 $ 242 $ 75 $ (1 ) $ 105 $ 482 $ 34 Nine Months Ended September 30, 2018 Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 109 $ 408 $ 3 $ (1 ) $ 6 $ 525 $ — Card and ATM fees 39 300 — 1 (13 ) 327 — Investment management and trust fee income — — 175 — — 175 — Capital markets income 59 — — — 93 152 — Mortgage income — — — — 107 107 — Bank-owned life insurance — — — — 53 53 — Commercial credit fee income — — — — 52 52 — Investment services fee income — — 54 — — 54 — Securities gains, net — — — — 1 1 (1 ) Market value adjustments on employee benefit assets — — — — 4 4 — Insurance commissions and fees — — 1 2 — 3 69 Gain on sale of business (1) — — — — — — 281 Other miscellaneous income 13 32 3 (1 ) 38 85 — $ 220 $ 740 $ 236 $ 1 $ 341 $ 1,538 $ 349 Nine Months Ended September 30, 2017 (2) Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 107 $ 395 $ 2 $ 1 $ 7 $ 512 $ — Card and ATM fees 35 284 — — (8 ) 311 — Investment management and trust fee income — — 171 — — 171 — Capital markets income 30 — — — 75 105 — Mortgage income — — — — 113 113 — Bank-owned life insurance — — — — 61 61 — Commercial credit fee income — — — — 53 53 — Investment services fee income — — 46 — — 46 — Securities gains, net — — — — 9 9 — Market value adjustments on employee benefit assets — — — — 10 10 — Insurance commissions and fees — — — 2 — 2 104 Other miscellaneous income 10 34 3 — 6 53 2 $ 182 $ 713 $ 222 $ 3 $ 326 $ 1,446 $ 106 ________ (1) This revenue is not impacted by the new accounting guidance and continues to be recognized when earned in accordance with the Company's existing revenue recognition policy. (2) Prior period amounts have not been adjusted under the modified retrospective method. Regions elected the practical expedient related to contract costs and will continue to expense sales commissions and any related contract costs when incurred because the amortization period would have been one year or less. Regions also elected the practical expedient related to remaining performance obligations and therefore did not disclose the value of unsatisfied performance obligations for 1) contracts with an original expected length of one year or less and 2) contracts for which revenue is recognized at the amount to which Regions has the right to invoice for services performed. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2018 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Pronouncements | RECENT ACCOUNTING PRONOUNCEMENTS Standard Description Required Date of Adoption Effect on Regions' financial statements or other significant matters Standards Adopted (or partially adopted) in 2018 ASU 2014-09, Revenue from Contracts with Customers This ASU supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry topics of the Codification. The core principle of the ASU is that an entity should 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 or services. The ASU may be adopted either retrospectively or on a modified retrospective basis. January 1, 2018 Regions adopted the new revenue recognition standard on January 1, 2018 using the modified retrospective method. The adoption of this guidance did not have a material impact. For the nine months ended September 30, 2018, approximately $1.3 billion of non-interest income is within the scope of the new revenue recognition standard and includes service charges on deposit accounts, card and ATM fees, investment management and trust fee income, capital markets fee income, investment services fee income and other components within non-interest income. Income streams that are out of scope of the new standard include interest income, mortgage income, securities gains (losses), bank-owned life insurance and certain other components within non-interest income. Regions also developed additional quantitative and qualitative disclosures required by the new revenue recognition standard. See Note 14. ASU 2016-01, Recognition and Measurement of Financial Assets and Liabilities ASU 2018-03, Technical Corrections and Improvements to Financial Instruments ASU 2018-04, Debt Securities and Regulated Operations This ASU amends ASC Topic 825, Financial Instruments-Overall, and addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Among other minor amendments applicable to Regions, the main provisions require investments in equity securities to be measured at fair value with changes in fair value recognized through net income unless they qualify for a practicability exception (excludes investments accounted for under the equity method of accounting or those that result in consolidation of the investee). Except for disclosure requirements that have been adopted prospectively, the ASU must be adopted on a modified retrospective basis. January 1, 2018 The adoption of this guidance resulted in trading account assets and equity securities available for sale being reclassified to other earning assets. The adoption of this guidance did not have a material impact. See Note 3. ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments This ASU amends Topic 230, Statement of Cash Flows, and provides clarification with respect to classification within the statement of cash flows where current guidance is unclear or silent. The ASU must be adopted retrospectively. January 1, 2018 The adoption of this guidance did not have a material impact. ASU 2017-01, Clarifying the Definition of a Business This ASU amends Topic 805, Business Combinations, and provides additional accounting guidance to better determine when a set of assets and activities is a business. The ASU must be adopted prospectively. January 1, 2018 The adoption of this guidance did not have a material impact. ASU 2017-05, Other Income- Gains and Losses from the Derecognition of Nonfinancial Assets This ASU amends Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to clarify the scope and to add guidance for partial sales of nonfinancial assets. The new standard adds a definition for in-substance nonfinancial assets and clarifies that nonfinancial assets within a legal entity are within the scope of ASC 606. This ASU may be adopted either retrospectively or on a modified retrospective basis. January 1, 2018 Regions adopted the guidance using the modified retrospective method. The adoption of this guidance did not have a material impact. Standard Description Required Date of Adoption Effect on Regions' financial statements or other significant matters Standards Adopted (or partially adopted) in 2018 (continued) ASU 2017-07, Compensation- Retirement Benefits This ASU amends Topic 715, Retirement Benefits, and provides more prescriptive guidance around the presentation of net periodic pension and postretirement benefit cost in the income statement. The amendment requires that the service cost component be disaggregated from other components of net periodic benefit cost in the income statement. The ASU must be adopted retrospectively. January 1, 2018 Regions recorded the service cost component of net periodic pension and postretirement benefit cost in salaries and employee benefits in the income statement. The other components of net periodic pension and postretirement benefit cost were recorded in other non-interest expense. The third quarter and first nine months of 2017 have been revised to conform to this presentation. The adoption of this guidance did not have a material impact. See Note 9. ASU 2017-09, Stock Compensation: Scope of Modification Accounting This ASU amends Topic 718, Compensation-Stock Compensation, and clarifies when modification accounting should be applied to changes in terms or conditions of share-based payment awards. The amendments narrow the scope of modification accounting by clarifying that modification accounting should be applied to awards if the change affects the fair value, vesting conditions, or classification of the award. The amendments do not impact current disclosure requirements for modifications, regardless of whether modification accounting is required under the new guidance. The ASU must be adopted prospectively to modifications that occur on or after the adoption date. January 1, 2018 The adoption of this guidance did not have a material impact. ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities This ASU amends ASC 815, Derivatives and Hedging to (1) improve the transparency and understandability of information conveyed to financial statement users about an entity’s risk management activities by better aligning the entity’s financial reporting for hedging relationships with those risk management activities and (2) reduce the complexity of and simplify the application of hedge accounting by preparers. Except for disclosure requirements that have been adopted prospectively, the ASU must be adopted on a modified retrospective basis. January 1, 2019 Early adoption is permitted. Regions elected to adopt this ASU for financial reporting as of January 1, 2018. The adoption of this guidance did not have a material impact. See Note 10. ASU 2018-05, Income Taxes This ASU amends SEC guidance in the Codification related to income taxes to reflect the guidance in SEC Staff Accounting Bulletin 118, which provides guidance for companies that are not able to complete their accounting for the income tax effects of the Tax Cuts and Jobs Act in the period of enactment. The staff believes that to the extent a company can reasonably estimate the impact of the Tax Cuts and Jobs Act, such items should be reported in the first reporting period in which the Company is able to determine the reasonable estimate. Adopted upon issuance. Regions does not expect the adoption of this guidance to have a material impact. Standard Description Required Date of Adoption Effect on Regions' financial statements or other significant matters Standards Not Yet Adopted ASU 2016-02, Leases ASU 2018-01, Land Easement Practical Expedient for Transition to Topic 84 ASU2018-10, Narrow Amendments to Topic 842 ASU 2018-11, Targeted Improvements to Topic 842 This ASU creates ASC Topic 842, Leases, and supersedes Topic 840, Leases. The new guidance requires lessees to record a right-of-use asset and a corresponding liability equal to the present value of future rental payments on their balance sheets for all leases with a term greater than one year. There are not significant changes to lessor accounting; however, there were certain improvements made to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. This guidance expands both quantitative and qualitative required disclosures. This ASU should be adopted on a modified retrospective basis. January 1, 2019 Early adoption is permitted. Regions has established a leasing standard implementation team staffed by designated personnel from the Corporate Controller’s group, Corporate Real Estate and other business and finance management to plan and execute the adoption of the new leasing standard. The implementation team has substantially completed the identification of Regions’ leases that will need to be measured and reported as a right-of-use asset and corresponding liability for future rental payments. The implementation team is currently working with a lease administration vendor to set up and test the accounting for the lease contracts on the lease administration system. Based on preliminary estimates that are subject to change, Regions has a range of approximately $400-$600 million of future lease obligations that would be measured and recognized when the new guidance is adopted (refer to Note 24 to consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2017). While this amount represents a large majority of the leases that are within the scope of the new leasing standard, the implementation team will continue reviewing service contracts up through the effective date and may identify additional leases embedded in those arrangements that will be within the scope of the new standard. Between now and January 1, 2019, Regions will likely have changes to the lease portfolio as the Company continues to evaluate and execute branch and occupancy optimization initiatives. The evaluation of the impact of the standard will be adjusted based on new leases that are executed, leases that are terminated prior to the effective date, and changes to key assumptions or expectations such as renewals and extensions, and the interest rates to be used to discount the future lease obligations. Regions expects to adopt the guidance using the optional transition method, which allows for a modified retrospective method of adoption with a cumulative effect adjustment to retained earnings without restating comparable periods. Regions also plans to elect the relief package of practical expedients for which there is no requirement to reassess existence of leases, their classification, and initial direct costs as well as an exemption for short-term leases with a term of less than one year, whereby Regions does not recognize a lease liability or right-of-use asset on the balance sheet but instead recognizes lease payments as an expense over the lease term as appropriate. While there will be some changes to income statement classification, the implementation team does not expect the adoption of the standard to have a material impact to pre-tax income. Regions does not anticipate early adoption of the new standard. Standard Description Required Date of Adoption Effect on Regions' financial statements or other significant matters Standards Not Yet Adopted ASU 2016-13, Measurement of Credit Losses on Financial Instruments This ASU amends Topic 326, Financial Instruments- Credit Losses to replace the current incurred loss accounting model with a current expected credit loss approach (CECL) for financial instruments measured at amortized cost and other commitments to extend credit. The amendments require entities to consider all available relevant information when estimating current expected credit losses, including details about past events, current conditions, and reasonable and supportable forecasts. The resulting allowance for credit losses is to reflect the portion of the amortized cost basis that the entity does not expect to collect. The amendments also eliminate the current accounting model for purchased credit impaired loans and debt securities. Additional quantitative and qualitative disclosures are required upon adoption. January 1, 2020 Early adoption permitted beginning January 1, 2019. Regions’ cross-functional implementation team, which is co-led by Finance and Risk Management, has developed a project plan that results in running a CECL parallel production during 2019 and the adoption of the standard in the first quarter of 2020. Key project implementation activities for 2018 focus on model enhancements, execution and implementation, continued challenge of model outputs, development of the qualitative framework, establishing processes and controls, drafting policies and disclosures, data resolution, and documentation. Regions is currently on track with the project implementation plan. Regions provides updates to senior leadership and to the Audit Committee and Risk Committee of the Board of Directors. These communications provide an update on the status of the implementation project plan, results of initial modeled impacts, and risks identified. Adoption of the standard may result in an overall material increase in the allowance for credit losses given the change from accounting for losses inherent in the loan portfolio to accounting for losses over the remaining contractual life of the portfolio. However, the impact at adoption will be influenced by the portfolios’ composition and quality at the adoption date as well as economic conditions and forecasts at that time. Based on initial modeling, loan portfolios expected to generate the majority of the increase include longer-dated loans such as residential first mortgages, home equity lending products and indirect-other products. However, there could be increases or decreases in the allowance in certain other loan portfolios at adoption. Regions expects no material allowance on held to maturity securities since the majority of this portfolio consists of agency-backed securities that inherently have an immaterial risk of loss. Additionally, Regions expects no material allowance impact to available for sale securities. ASU 2017-04, Simplifying the Test for Goodwill Impairment This ASU amends Topic 350, Intangibles-Goodwill and Other, and eliminates Step 2 from the goodwill impairment test. January 1, 2020 Regions believes the adoption of this guidance will not have a material impact. Regions does not plan to early adopt. ASU 2017-08, Receivables- Nonrefundable Fees and Other Costs This ASU amends Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs, to shorten the amortization period for certain purchased callable debt securities held at a premium to the earliest call date. Current guidance generally requires entities to amortize a premium as a yield adjustment over the contractual life of the instrument. Shortening the amortization period is generally expected to more closely align the recognition of interest income with expectations incorporated into the pricing of the underlying securities. The amendments do not affect the accounting treatment of discounts. This ASU should be adopted on a modified retrospective basis. January 1, 2019 Regions is evaluating the impact upon adoption; however, the impact is not expected to be material. ASU 2018-07, Compensation - Stock Compensation This ASU amends and expands the scope of Topic 718, Compensation-Stock Compensation, to include share-based payment transactions for acquiring goods and services for non-employees. Under this guidance, the accounting for share-based payments to non-employees and employees will be substantially aligned. The measurement of equity-classified non-employee awards will now be fixed at the grant date. January 1, 2019 Early adoption is permitted. Regions is evaluating the impact upon adoption; however, the impact is not expected to be material. ASU 2018-09, Codification Improvements The FASB issued this ASU to clarify, improve, and correct errors in the Codification. The ASU covers nine amendments, which affect a wide variety of Topics including business combinations, debt, derivatives and hedging, and defined contribution pension plans. Some amendments do not require transition guidance and are effective upon issuance, while others will be applicable for Regions starting in 2019. However, all amendments are expected to have an immaterial impact to Regions. January 1, 2019 Early adoption is permitted. Regions believes the adoption of this guidance will not have a material impact. Standard Description Required Date of Adoption Effect on Regions' financial statements or other significant matters Standards Not Yet Adopted ASU 2018-13, Fair Value Measurement This ASU amends the disclosure requirements of Topic 820, Fair Value Measurement, to remove disclosure of transfers between Level 1 and Level 2 of the fair value hierarchy and to include disclosure of the range and weighted average used in Level 3 fair value measurements, among other amendments. The ASU applies to all entities that are required to provide disclosures about recurring or non-recurring fair value measurements. Amendments should be applied retrospectively to all periods presented, except for certain amendments, which should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. January 1, 2020 Early adoption is permitted. Regions believes the adoption of this guidance will not have a material impact. Regions is evaluating whether to early adopt. ASU 2018-14, Compensation - Retirement Benefits This ASU amends the disclosure requirements in Topic 715, Retirement Benefits. The ASU applies to all employer entities that sponsor defined benefit pension or other post-retirement plans. Applicable disclosure changes include: the removal of amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next year; the removal of the effects of a one-percentage point change in assumed health care cost trend rates; and the addition of an explanation of reasons for significant gains and losses related to changes in the benefit obligation for the period. January 1, 2021 Early adoption is permitted. Regions believes the adoption of this guidance will not have a material impact. Regions is evaluating whether to early adopt. ASU 2018-15, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement This ASU amends Topic 350-40, Intangibles-Goodwill and Other-Internal-Use Software, regarding a customer's accounting for implementation, set-up, and other upfront costs incurred in a cloud computing arrangement that is hosted by the vendor, i.e. a service contract. Customers will apply the same criteria for capitalizing implementation costs as they would for an arrangement that has a software license. The amendments also prescribe the balance sheet, income statement, and cash flow classification of the capitalized implementation costs and related amortization expense, and require additional quantitative and qualitative disclosures. January 1, 2020 Early adoption is permitted. Regions believes the adoption of this guidance will not have a material impact. Regions does not plan to early adopt. |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Schedule of Condensed Results of Operations for Discontinued Operations | The following table represents the condensed results of operations for the Regions Insurance Group, Inc. entities sold as discontinued operations: Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In millions) Interest income $ 1 $ 1 $ 1 $ 1 Interest expense — — — — Net interest income 1 1 1 1 Non-interest income: Securities gains (losses), net (1 ) — (1 ) — Insurance commissions and fees — 33 69 104 Gain on sale of business 281 — 281 — Other — 1 — 2 Total non-interest income 280 34 349 106 Non-interest expense: Salaries and employee benefits — 24 49 73 Net occupancy expense — 2 3 5 Furniture and equipment expense — 1 2 3 Other 1 7 16 22 Total non-interest expense 1 34 70 103 Income from discontinued operations before income taxes 280 1 280 4 Income tax expense 84 1 84 2 Income from discontinued operations, net of tax $ 196 $ — $ 196 $ 2 The following table represents the condensed results of operations for both the Regions Insurance Group, Inc. entities being sold and Morgan Keegan and Company, Inc. and related affiliates as discontinued operations: Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In millions, except per share data) Income from discontinued operations before income taxes $ 274 $ — $ 271 $ 13 Income tax expense 80 1 80 6 Income (loss) from discontinued operations, net of tax $ 194 $ (1 ) $ 191 $ 7 Earnings (loss) per common share from discontinued operations: Basic $ 0.18 $ (0.00 ) $ 0.17 $ 0.01 Diluted $ 0.18 $ (0.00 ) $ 0.17 $ 0.01 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule Of Amortized Cost, Gross Unrealized Gains and Losses, And Estimated Fair Value Of Debt Securities Available For Sale And Debt Securities Held To Maturity | The amortized cost, gross unrealized gains and losses, and estimated fair value of debt securities held to maturity and debt securities available for sale are as follows: September 30, 2018 Recognized in OCI (1) Not Recognized in OCI Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 923 $ — $ (34 ) $ 889 $ — $ (27 ) $ 862 Commercial agency 638 — (3 ) 635 — (25 ) 610 $ 1,561 $ — $ (37 ) $ 1,524 $ — $ (52 ) $ 1,472 Debt securities available for sale: U.S. Treasury securities $ 282 $ — $ (6 ) $ 276 $ 276 Federal agency securities 46 — — 46 46 Mortgage-backed securities: Residential agency 17,363 12 (706 ) 16,669 16,669 Residential non-agency 2 — — 2 2 Commercial agency 3,885 — (110 ) 3,775 3,775 Commercial non-agency 785 2 (14 ) 773 773 Corporate and other debt securities 1,151 2 (23 ) 1,130 1,130 $ 23,514 $ 16 $ (859 ) $ 22,671 $ 22,671 December 31, 2017 Recognized in OCI (1) Not Recognized in OCI Amortized Gross Unrealized Gains Gross Unrealized Losses Carrying Value Gross Gross Estimated (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 1,051 $ — $ (40 ) $ 1,011 $ 12 $ (4 ) $ 1,019 Commercial agency 651 — (4 ) 647 5 (4 ) 648 $ 1,702 $ — $ (44 ) $ 1,658 $ 17 $ (8 ) $ 1,667 Debt securities available for sale: U.S. Treasury securities $ 333 $ — $ (2 ) $ 331 $ 331 Federal agency securities 28 — — 28 28 Mortgage-backed securities: Residential agency 17,622 53 (244 ) 17,431 17,431 Residential non-agency 3 — — 3 3 Commercial agency 3,739 5 (30 ) 3,714 3,714 Commercial non-agency 787 4 (3 ) 788 788 Corporate and other debt securities 1,093 20 (5 ) 1,108 1,108 $ 23,605 $ 82 $ (284 ) $ 23,403 $ 23,403 _________ (1) The gross unrealized losses recognized in OCI on securities held to maturity resulted from a transfer of securities available for sale to held to maturity in the second quarter of 2013. |
Schedule Of Cost And Estimated Fair Value Of Debt Securities Available For Sale And Debt Securities Held To Maturity By Contractual Maturity | The amortized cost and estimated fair value of debt securities held to maturity and debt securities available for sale at September 30, 2018 , 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 Cost Estimated Fair Value (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ 923 $ 862 Commercial agency 638 610 $ 1,561 $ 1,472 Debt securities available for sale: Due in one year or less $ 65 $ 65 Due after one year through five years 980 964 Due after five years through ten years 385 374 Due after ten years 49 49 Mortgage-backed securities: Residential agency 17,363 16,669 Residential non-agency 2 2 Commercial agency 3,885 3,775 Commercial non-agency 785 773 $ 23,514 $ 22,671 |
Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Debt Securities Available For Sale and Held to Maturity | The following tables present gross unrealized losses and the related estimated fair value of debt securities held to maturity and debt securities available for sale at September 30, 2018 and December 31, 2017 . For debt 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. September 30, 2018 Less Than Twelve Months Twelve Months or More Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ — $ — $ 862 $ (61 ) $ 862 $ (61 ) Commercial agency 475 (18 ) 135 (10 ) 610 (28 ) $ 475 $ (18 ) $ 997 $ (71 ) $ 1,472 $ (89 ) Debt securities available for sale: U.S. Treasury securities $ 199 $ (3 ) $ 72 $ (3 ) $ 271 $ (6 ) Mortgage-backed securities: Residential agency 6,407 (169 ) 9,091 (537 ) 15,498 (706 ) Commercial agency 2,162 (51 ) 1,441 (59 ) 3,603 (110 ) Commercial non-agency 515 (11 ) 105 (3 ) 620 (14 ) Corporate and other debt securities 772 (15 ) 163 (8 ) 935 (23 ) $ 10,055 $ (249 ) $ 10,872 $ (610 ) $ 20,927 $ (859 ) December 31, 2017 Less Than Twelve Months Twelve Months or More Total Estimated Gross Estimated Gross Estimated Gross (In millions) Debt securities held to maturity: Mortgage-backed securities: Residential agency $ — $ — $ 1,019 $ (32 ) $ 1,019 $ (32 ) Commercial agency — — 150 (7 ) 150 (7 ) $ — $ — $ 1,169 $ (39 ) $ 1,169 $ (39 ) Debt securities available for sale: U.S. Treasury securities $ 221 $ (1 ) $ 84 $ (1 ) $ 305 $ (2 ) Mortgage-backed securities: Residential agency 5,157 (40 ) 8,195 (204 ) 13,352 (244 ) Commercial agency 1,666 (10 ) 904 (20 ) 2,570 (30 ) Commercial non-agency 393 (2 ) 61 (1 ) 454 (3 ) Corporate and other debt securities 306 (2 ) 105 (3 ) 411 (5 ) $ 7,743 $ (55 ) $ 9,349 $ (229 ) $ 17,092 $ (284 ) |
Schedule of Gross Realized Gains And Gross Realized Losses On Available For Sale Debt Securities | Gross realized gains and gross realized losses on sales of debt securities available for sale from continuing operations 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 2018 2017 2018 2017 (In millions) Gross realized gains $ 1 $ 5 $ 4 $ 9 Gross realized losses (1 ) — (1 ) (3 ) OTTI — (1 ) (2 ) (1 ) Debt securities available for sale gains (losses), net (1) $ — $ 4 $ 1 $ 5 _________ (1) The securities gains (losses), net balances above exclude net trading securities gains of $4 million recognized during the third quarter of 2017. |
Equity Investments Measured Under Measurement Alternative | Equity investments without a readily determinable fair value primarily consist of investments in strategic partners and certain CRA projects. The carrying amount of equity investments measured under the measurement alternative, downward and upward adjustments for impairments and price changes from observable transactions are as follows: Three Months Ended Nine Months Ended September 30, 2018 (In millions) Carrying value, beginning of period $ 39 $ 31 Net additions 9 9 Downward adjustments for price changes and impairment (2 ) (2 ) Upward adjustments for price changes 7 15 Carrying value, end of period $ 53 $ 53 |
Loans and the Allowance for C_2
Loans and the Allowance for Credit Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable | The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income: September 30, 2018 December 31, 2017 (In millions, net of unearned income) Commercial and industrial $ 38,036 $ 36,115 Commercial real estate mortgage—owner-occupied 5,943 6,193 Commercial real estate construction—owner-occupied 326 332 Total commercial 44,305 42,640 Commercial investor real estate mortgage 4,205 4,062 Commercial investor real estate construction 1,838 1,772 Total investor real estate 6,043 5,834 Residential first mortgage 14,220 14,061 Home equity 9,435 10,164 Indirect—vehicles 3,146 3,326 Indirect—other consumer 2,179 1,467 Consumer credit card 1,273 1,290 Other consumer 1,220 1,165 Total consumer 31,473 31,473 $ 81,821 $ 79,947 |
Analysis of the Allowance for Credit Losses by Portfolio Segment | The following tables present analyses of the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2018 and 2017. The total allowance for loan losses and the related loan portfolio ending balances 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 commercial and investor real estate loans and all 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, 2018 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, July 1, 2018 $ 551 $ 48 $ 239 $ 838 Provision (credit) for loan losses 12 (1 ) 73 84 Loan losses: Charge-offs (41 ) (1 ) (65 ) (107 ) Recoveries 10 2 13 25 Net loan (losses) recoveries (31 ) 1 (52 ) (82 ) Allowance for loan losses, September 30, 2018 532 48 260 840 Reserve for unfunded credit commitments, July 1, 2018 44 4 — 48 Provision (credit) for unfunded credit losses 2 — — 2 Reserve for unfunded credit commitments, September 30, 2018 46 4 — 50 Allowance for credit losses, September 30, 2018 $ 578 $ 52 $ 260 $ 890 Three Months Ended September 30, 2017 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, July 1, 2017 $ 707 $ 82 $ 252 $ 1,041 Provision (credit) for loan losses 8 (8 ) 76 76 Loan losses: Charge-offs (43 ) — (63 ) (106 ) Recoveries 11 3 16 30 Net loan (losses) recoveries (32 ) 3 (47 ) (76 ) Allowance for loan losses, September 30, 2017 683 77 281 1,041 Reserve for unfunded credit commitments, July 1, 2017 63 4 — 67 Provision (credit) for unfunded credit losses (8 ) — — (8 ) Reserve for unfunded credit commitments, September 30, 2017 55 4 — 59 Allowance for credit losses, September 30, 2017 $ 738 $ 81 $ 281 $ 1,100 Nine Months Ended September 30, 2018 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, January 1, 2018 $ 591 $ 64 $ 279 $ 934 Provision (credit) for loan losses 12 (13 ) 135 134 Loan losses: Charge-offs (105 ) (9 ) (200 ) (314 ) Recoveries 34 6 46 86 Net loan (losses) recoveries (71 ) (3 ) (154 ) (228 ) Allowance for loan losses, September 30, 2018 532 48 260 840 Reserve for unfunded credit commitments, January 1, 2018 49 4 — 53 Provision (credit) for unfunded credit losses (3 ) — — (3 ) Reserve for unfunded credit commitments, September 30, 2018 46 4 — 50 Allowance for credit losses, September 30, 2018 $ 578 $ 52 $ 260 $ 890 Portion of ending allowance for loan losses: Individually evaluated for impairment $ 119 $ 5 $ 26 $ 150 Collectively evaluated for impairment 413 43 234 690 Total allowance for loan losses $ 532 $ 48 $ 260 $ 840 Portion of loan portfolio ending balance: Individually evaluated for impairment $ 599 $ 51 $ 438 $ 1,088 Collectively evaluated for impairment 43,706 5,992 31,035 80,733 Total loans evaluated for impairment $ 44,305 $ 6,043 $ 31,473 $ 81,821 Nine Months Ended September 30, 2017 Commercial Investor Real Estate Consumer Total (In millions) Allowance for loan losses, January 1, 2017 $ 753 $ 85 $ 253 $ 1,091 Provision (credit) for loan losses 41 (16 ) 169 194 Loan losses: Charge-offs (139 ) (2 ) (188 ) (329 ) Recoveries 28 10 47 85 Net loan (losses) recoveries (111 ) 8 (141 ) (244 ) Allowance for loan losses, September 30, 2017 683 77 281 1,041 Reserve for unfunded credit commitments, January 1, 2017 64 5 — 69 Provision (credit) for unfunded credit losses (9 ) (1 ) — (10 ) Reserve for unfunded credit commitments, September 30, 2017 55 4 — 59 Allowance for credit losses, September 30, 2017 $ 738 $ 81 $ 281 $ 1,100 Portion of ending allowance for loan losses: Individually evaluated for impairment $ 202 $ 19 $ 52 $ 273 Collectively evaluated for impairment 481 58 229 768 Total allowance for loan losses $ 683 $ 77 $ 281 $ 1,041 Portion of loan portfolio ending balance: Individually evaluated for impairment $ 898 $ 108 $ 727 $ 1,733 Collectively evaluated for impairment 41,164 5,827 30,632 77,623 Total loans evaluated for impairment $ 42,062 $ 5,935 $ 31,359 $ 79,356 |
Financing Receivable Credit Quality Indicators | September 30, 2018 Pass Special Mention Substandard Accrual Non-accrual Total (In millions) Commercial and industrial $ 36,582 $ 751 $ 362 $ 341 $ 38,036 Commercial real estate mortgage—owner-occupied 5,547 200 116 80 5,943 Commercial real estate construction—owner-occupied 299 3 16 8 326 Total commercial $ 42,428 $ 954 $ 494 $ 429 $ 44,305 Commercial investor real estate mortgage $ 4,072 $ 82 $ 49 $ 2 $ 4,205 Commercial investor real estate construction 1,819 12 7 — 1,838 Total investor real estate $ 5,891 $ 94 $ 56 $ 2 $ 6,043 Accrual Non-accrual Total (In millions) Residential first mortgage $ 14,178 $ 42 $ 14,220 Home equity 9,369 66 9,435 Indirect—vehicles 3,146 — 3,146 Indirect—other consumer 2,179 — 2,179 Consumer credit card 1,273 — 1,273 Other consumer 1,220 — 1,220 Total consumer $ 31,365 $ 108 $ 31,473 $ 81,821 December 31, 2017 Pass Special Mention Substandard Accrual Non-accrual Total (In millions) Commercial and industrial $ 34,420 $ 686 $ 605 $ 404 $ 36,115 Commercial real estate mortgage—owner-occupied 5,674 236 165 118 6,193 Commercial real estate construction—owner-occupied 313 3 10 6 332 Total commercial $ 40,407 $ 925 $ 780 $ 528 $ 42,640 Commercial investor real estate mortgage $ 3,905 $ 63 $ 89 $ 5 $ 4,062 Commercial investor real estate construction 1,706 19 46 1 1,772 Total investor real estate $ 5,611 $ 82 $ 135 $ 6 $ 5,834 Accrual Non-accrual Total (In millions) Residential first mortgage $ 14,014 $ 47 $ 14,061 Home equity 10,095 69 10,164 Indirect—vehicles 3,326 — 3,326 Indirect—other consumer 1,467 — 1,467 Consumer credit card 1,290 — 1,290 Other consumer 1,165 — 1,165 Total consumer $ 31,357 $ 116 $ 31,473 $ 79,947 |
Past Due Financing Receivables | The following tables include an aging analysis of DPD for each portfolio segment and class as of September 30, 2018 and December 31, 2017 : September 30, 2018 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total 30+ DPD Total Accrual Non-accrual Total (In millions) Commercial and industrial $ 39 $ 6 $ 4 $ 49 $ 37,695 $ 341 $ 38,036 Commercial real estate mortgage—owner-occupied 16 2 2 20 5,863 80 5,943 Commercial real estate construction—owner-occupied — — — — 318 8 326 Total commercial 55 8 6 69 43,876 429 44,305 Commercial investor real estate mortgage 6 — — 6 4,203 2 4,205 Commercial investor real estate construction — — — — 1,838 — 1,838 Total investor real estate 6 — — 6 6,041 2 6,043 Residential first mortgage 82 43 144 269 14,178 42 14,220 Home equity 53 24 39 116 9,369 66 9,435 Indirect—vehicles 39 12 9 60 3,146 — 3,146 Indirect—other consumer 11 5 1 17 2,179 — 2,179 Consumer credit card 11 8 17 36 1,273 — 1,273 Other consumer 15 5 4 24 1,220 — 1,220 Total consumer 211 97 214 522 31,365 108 31,473 $ 272 $ 105 $ 220 $ 597 $ 81,282 $ 539 $ 81,821 December 31, 2017 Accrual Loans 30-59 DPD 60-89 DPD 90+ DPD Total 30+ DPD Total Accrual Non-accrual Total (In millions) Commercial and industrial $ 28 $ 7 $ 4 $ 39 $ 35,711 $ 404 $ 36,115 Commercial real estate mortgage—owner-occupied 18 8 1 27 6,075 118 6,193 Commercial real estate construction—owner-occupied — — — — 326 6 332 Total commercial 46 15 5 66 42,112 528 42,640 Commercial investor real estate mortgage 1 1 1 3 4,057 5 4,062 Commercial investor real estate construction — — — — 1,771 1 1,772 Total investor real estate 1 1 1 3 5,828 6 5,834 Residential first mortgage 95 85 216 396 14,014 47 14,061 Home equity 53 27 37 117 10,095 69 10,164 Indirect—vehicles 48 13 9 70 3,326 — 3,326 Indirect—other consumer 9 5 — 14 1,467 — 1,467 Consumer credit card 11 7 19 37 1,290 — 1,290 Other consumer 13 4 4 21 1,165 — 1,165 Total consumer 229 141 285 655 31,357 116 31,473 $ 276 $ 157 $ 291 $ 724 $ 79,297 $ 650 $ 79,947 |
Impaired Financing Receivables | The following tables present details related to the Company’s impaired loans as of September 30, 2018 and December 31, 2017 . Loans deemed to be impaired include all TDRs and all non-accrual commercial and investor real estate loans, excluding leases. Loans that have been fully charged-off do not appear in the tables below. Non-accrual Impaired Loans As of September 30, 2018 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans on Non-accrual Status Impaired Loans on Non-accrual Status with No Related Allowance Impaired Loans on Non-accrual Status with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 420 $ 79 $ 341 $ 110 $ 231 $ 65 34.3 % Commercial real estate mortgage—owner-occupied 91 11 80 18 62 24 38.5 Commercial real estate construction—owner-occupied 9 1 8 1 7 3 44.4 Total commercial 520 91 429 129 300 92 35.2 Commercial investor real estate mortgage 2 — 2 — 2 1 50.0 Total investor real estate 2 — 2 — 2 1 50.0 Residential first mortgage 34 9 25 — 25 2 32.4 Home equity 10 1 9 — 9 — 10.0 Total consumer 44 10 34 — 34 2 27.3 $ 566 $ 101 $ 465 $ 129 $ 336 $ 95 34.6 % Accruing Impaired Loans As of September 30, 2018 Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Book Value (3) Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 143 $ 1 $ 142 $ 24 17.5 % Commercial real estate mortgage—owner-occupied 30 2 28 3 16.7 Total commercial 173 3 170 27 17.3 Commercial investor real estate mortgage 50 1 49 4 10.0 Total investor real estate 50 1 49 4 10.0 Residential first mortgage 197 9 188 18 13.7 Home equity 209 — 209 6 2.9 Consumer credit card 1 — 1 — — Other consumer 6 — 6 — — Total consumer 413 9 404 24 8.0 $ 636 $ 13 $ 623 $ 55 10.7 % Total Impaired Loans As of September 30, 2018 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans Impaired Loans with No Related Allowance Impaired Loans with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 563 $ 80 $ 483 $ 110 $ 373 $ 89 30.0 % Commercial real estate mortgage—owner-occupied 121 13 108 18 90 27 33.1 Commercial real estate construction—owner-occupied 9 1 8 1 7 3 44.4 Total commercial 693 94 599 129 470 119 30.7 Commercial investor real estate mortgage 52 1 51 — 51 5 11.5 Total investor real estate 52 1 51 — 51 5 11.5 Residential first mortgage 231 18 213 — 213 20 16.5 Home equity 219 1 218 — 218 6 3.2 Consumer credit card 1 — 1 — 1 — — Other consumer 6 — 6 — 6 — — Total consumer 457 19 438 — 438 26 9.8 $ 1,202 $ 114 $ 1,088 $ 129 $ 959 $ 150 22.0 % Non-accrual Impaired Loans As of December 31, 2017 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans on Non-accrual Status Impaired Loans on Non-accrual Status with No Related Allowance Impaired Loans on Non-accrual Status with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 480 $ 80 $ 400 $ 29 $ 371 $ 103 38.1 % Commercial real estate mortgage—owner-occupied 133 15 118 20 98 38 39.8 Commercial real estate construction—owner-occupied 7 1 6 — 6 3 57.1 Total commercial 620 96 524 49 475 144 38.7 Commercial investor real estate mortgage 6 1 5 — 5 2 50.0 Commercial investor real estate construction 1 — 1 — 1 — — Total investor real estate 7 1 6 — 6 2 42.9 Residential first mortgage 42 11 31 — 31 3 33.3 Home equity 10 1 9 — 9 — 10.0 Total consumer 52 12 40 — 40 3 28.8 $ 679 $ 109 $ 570 $ 49 $ 521 $ 149 38.0 % Accruing Impaired Loans As of December 31, 2017 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans on Accrual Status Impaired Loans on Accrual Status with No Related Allowance Impaired Loans on Accrual Status with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 154 $ 8 $ 146 $ 1 $ 145 $ 19 17.5 % Commercial real estate mortgage—owner-occupied 90 5 85 — 85 8 14.4 Commercial real estate construction—owner-occupied 1 — 1 — 1 — — Total commercial 245 13 232 1 231 27 16.3 Commercial investor real estate mortgage 63 2 61 — 61 3 7.9 Commercial investor real estate construction 29 — 29 — 29 3 10.3 Total investor real estate 92 2 90 — 90 6 8.7 Residential first mortgage 419 13 406 — 406 39 12.4 Home equity 251 1 250 — 250 5 2.4 Consumer credit card 1 — 1 — 1 — — Other consumer 9 — 9 — 9 — — Total consumer 680 14 666 — 666 44 8.5 $ 1,017 $ 29 $ 988 $ 1 $ 987 $ 77 10.4 % Total Impaired Loans As of December 31, 2017 Book Value (3) Unpaid Principal Balance (1) Charge-offs and Payments Applied (2) Total Impaired Loans Impaired Loans with No Related Allowance Impaired Loans with Related Allowance Related Allowance for Loan Losses Coverage % (4) (Dollars in millions) Commercial and industrial $ 634 $ 88 $ 546 $ 30 $ 516 $ 122 33.1 % Commercial real estate mortgage—owner-occupied 223 20 203 20 183 46 29.6 Commercial real estate construction—owner-occupied 8 1 7 — 7 3 50.0 Total commercial 865 109 756 50 706 171 32.4 Commercial investor real estate mortgage 69 3 66 — 66 5 11.6 Commercial investor real estate construction 30 — 30 — 30 3 10.0 Total investor real estate 99 3 96 — 96 8 11.1 Residential first mortgage 461 24 437 — 437 42 14.3 Home equity 261 2 259 — 259 5 2.7 Consumer credit card 1 — 1 — 1 — — Other consumer 9 — 9 — 9 — — Total consumer 732 26 706 — 706 47 10.0 $ 1,696 $ 138 $ 1,558 $ 50 $ 1,508 $ 226 21.5 % ________ (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, 2018 and 2017 . Interest income recognized represents interest on accruing loans modified in a TDR. Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 Average Balance Interest Income Recognized Average Balance Interest Income Recognized Average Balance Interest Income Recognized Average Balance Interest Income Recognized (In millions) Commercial and industrial $ 471 $ 2 $ 748 $ 3 $ 507 $ 7 $ 804 $ 9 Commercial real estate mortgage—owner-occupied 120 1 209 2 141 6 234 4 Commercial real estate construction—owner-occupied 6 — 5 — 6 — 5 — Total commercial 597 3 962 5 654 13 1,043 13 Commercial investor real estate mortgage 52 1 93 1 68 3 87 3 Commercial investor real estate construction — — 40 1 10 — 42 2 Total investor real estate 52 1 133 2 78 3 129 5 Residential first mortgage 210 2 448 4 237 6 454 12 Home equity 222 2 275 4 238 9 285 11 Consumer credit card 1 — 2 — 1 — 2 — Other consumer 7 — 9 — 7 — 10 — Total consumer 440 4 734 8 483 15 751 23 Total impaired loans $ 1,089 $ 8 $ 1,829 $ 15 $ 1,215 $ 31 $ 1,923 $ 41 |
Troubled Debt Restructurings on Financing Receivables | 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. Loans first reported as TDRs during the nine months ended September 30, 2018 and 2017 totaled approximately $330 million and $456 million , respectively. Three Months Ended September 30, 2018 Financial Impact of Modifications Considered TDRs Number of Obligors Recorded Investment Increase in Allowance at Modification (Dollars in millions) Commercial and industrial 27 $ 94 $ 1 Commercial real estate mortgage—owner-occupied 16 13 — Total commercial 43 107 1 Commercial investor real estate mortgage 5 16 1 Total investor real estate 5 16 1 Residential first mortgage 43 11 1 Home equity 28 2 — Consumer credit card 14 — — Indirect—vehicles and other consumer 22 1 — Total consumer 107 14 1 155 $ 137 $ 3 Three Months Ended September 30, 2017 Financial Impact of Modifications Considered TDRs Number of Obligors Recorded Investment Increase in Allowance at Modification (Dollars in millions) Commercial and industrial 37 $ 157 $ 2 Commercial real estate mortgage—owner-occupied 33 32 1 Total commercial 70 189 3 Commercial investor real estate mortgage 8 45 2 Total investor real estate 8 45 2 Residential first mortgage 67 9 1 Home equity 10 1 — Consumer credit card 11 — — Indirect—vehicles and other consumer 38 1 — Total consumer 126 11 1 204 $ 245 $ 6 Nine Months Ended September 30, 2018 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 82 $ 308 $ 4 Commercial real estate mortgage—owner-occupied 54 37 — Total commercial 136 345 4 Commercial investor real estate mortgage 20 65 3 Total investor real estate 20 65 3 Residential first mortgage 141 25 3 Home equity 75 5 — Consumer credit card 39 — — Indirect—vehicles and other consumer 55 1 — Total consumer 310 31 3 466 $ 441 $ 10 Nine Months Ended September 30, 2017 Financial Impact Number of Recorded Increase in (Dollars in millions) Commercial and industrial 106 $ 449 $ 9 Commercial real estate mortgage—owner-occupied 94 97 3 Commercial real estate construction—owner-occupied 3 2 — Total commercial 203 548 12 Commercial investor real estate mortgage 33 93 3 Commercial investor real estate construction 5 70 2 Total investor real estate 38 163 5 Residential first mortgage 168 34 4 Home equity 101 8 — Consumer credit card 54 — — Indirect—vehicles and other consumer 125 2 — Total consumer 448 44 4 689 $ 755 $ 21 Defaulted TDRs The following table presents, by portfolio segment and class, TDRs that defaulted during the three and nine months ended September 30, 2018 and 2017, and that 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 placement on non-accrual status for the commercial and investor real estate portfolio segments, and 90 days past due and still accruing for the consumer portfolio segment. 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, 2017. Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions) Defaulted During the Period, Where Modified in a TDR Twelve Months Prior to Default Commercial and industrial $ 4 $ 1 $ 25 $ 9 Commercial real estate mortgage—owner-occupied — 1 1 1 Total commercial 4 2 26 10 Residential first mortgage 2 1 6 6 Home equity — — — 1 Total consumer 2 1 6 7 $ 6 $ 3 $ 32 $ 17 |
Servicing of Financial Assets (
Servicing of Financial Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Transfers and Servicing of Financial Assets [Abstract] | |
Schedule of Residential Mortgage Servicing Rights Under The Fair Value Measurement Method | The table below presents an analysis of residential MSRs under the fair value measurement method: Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions) Carrying value, beginning of period $ 362 $ 346 $ 336 $ 324 Additions 50 10 67 56 Increase (decrease) in fair value: Due to change in valuation inputs or assumptions 6 (9 ) 38 (12 ) Economic amortization associated with borrower repayments (1) (12 ) (12 ) (35 ) (33 ) Carrying value, end of period $ 406 $ 335 $ 406 $ 335 ________ (1) "Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. |
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 | Data and assumptions used in the fair value calculation, as well as the valuation’s sensitivity to rate fluctuations, related to residential MSRs (excluding related derivative instruments) are as follows: September 30 2018 2017 (Dollars in millions) Unpaid principal balance $ 34,142 $ 32,586 Weighted-average CPR (%) 8.3 % 10.0 % Estimated impact on fair value of a 10% increase $ (23 ) $ (22 ) Estimated impact on fair value of a 20% increase $ (44 ) $ (40 ) Option-adjusted spread (basis points) 802 860 Estimated impact on fair value of a 10% increase $ (13 ) $ (11 ) Estimated impact on fair value of a 20% increase $ (26 ) $ (23 ) Weighted-average coupon interest rate 4.1 % 4.1 % Weighted-average remaining maturity (months) 280 282 Weighted-average servicing fee (basis points) 27.3 27.4 |
Schedule Of Fees Resulting From The Servicing Of Residential 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 2018 2017 2018 2017 (In millions) Servicing related fees and other ancillary income $ 24 $ 24 $ 70 $ 71 |
Goodwill (Tables)
Goodwill (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | Goodwill allocated to each reportable segment (each a reporting unit) is presented as follows: September 30, 2018 December 31, 2017 (In millions) Corporate Bank $ 2,474 $ 2,474 Consumer Bank 1,978 1,978 Wealth Management 377 452 $ 4,829 $ 4,904 |
Stockholders' Equity and Accu_2
Stockholders' Equity and Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Summary of the non-cumulative perpetual preferred stock | The following table presents a summary of the non-cumulative perpetual preferred stock: September 30, 2018 December 31, 2017 Issuance Date Earliest Redemption Date Dividend Rate Liquidation Amount Carrying Amount Carrying Amount (Dollars in millions) Series A 11/1/2012 12/15/2017 6.375 % $ 500 $ 387 $ 387 Series B 4/29/2014 9/15/2024 6.375 % (1) 500 433 433 $ 1,000 $ 820 $ 820 _________ (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) | Activity within the balances in accumulated other comprehensive income (loss), net is shown in the following tables: Three Months Ended September 30, 2018 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 $ (30 ) $ (530 ) $ (197 ) $ (498 ) $ (1,255 ) Net change 2 (102 ) (44 ) 5 (139 ) End of period $ (28 ) $ (632 ) $ (241 ) $ (493 ) $ (1,394 ) Three Months Ended September 30, 2017 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 (In millions) Beginning of period $ (30 ) $ (55 ) $ 11 $ (405 ) $ (479 ) Net change 1 21 (4 ) 7 25 End of period $ (29 ) $ (34 ) $ 7 $ (398 ) $ (454 ) Nine Months Ended September 30, 2018 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 (In millions) Beginning of period $ (33 ) $ (153 ) $ (51 ) $ (512 ) $ (749 ) Net change 5 (479 ) (190 ) 19 (645 ) End of period $ (28 ) $ (632 ) $ (241 ) $ (493 ) $ (1,394 ) Nine Months Ended September 30, 2017 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 (In millions) Beginning of period $ (33 ) $ (106 ) $ 11 $ (422 ) $ (550 ) Net change 4 72 (4 ) 24 96 End of period $ (29 ) $ (34 ) $ 7 $ (398 ) $ (454 ) |
Reclassification From Accumulated Other Comprehensive Income (Loss) | The following table presents amounts reclassified out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 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 ) $ (2 ) Net interest income and other financing income 1 1 Tax (expense) or benefit $ (2 ) $ (1 ) Net of tax Unrealized gains and (losses) on available for sale securities: $ (1 ) $ 4 Securities gains (losses), net — (2 ) Tax (expense) or benefit $ (1 ) $ 2 Net of tax Gains and (losses) on cash flow hedges: Interest rate contracts $ — $ 17 Net interest income and other financing income — (7 ) Tax (expense) or benefit $ — $ 10 Net of tax Amortization of defined benefit pension plans and other post employment benefits: Actuarial gains (losses) and settlements $ (8 ) $ (11 ) (2) (8 ) (11 ) Total before tax 2 4 Tax (expense) or benefit $ (6 ) $ (7 ) Net of tax Total reclassifications for the period $ (9 ) $ 4 Net of tax Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 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: $ (7 ) $ (7 ) Net interest income and other financing income 2 3 Tax (expense) or benefit $ (5 ) $ (4 ) Net of tax Unrealized gains and (losses) on available for sale securities: $ — $ 5 Securities gains (losses), net — (2 ) Tax (expense) or benefit $ — $ 3 Net of tax Gains and (losses) on cash flow hedges: Interest rate contracts $ 16 $ 70 Net interest income and other financing income (4 ) (27 ) Tax (expense) or benefit $ 12 $ 43 Net of tax Amortization of defined benefit pension plans and other post employment benefits: Actuarial gains (losses) and settlements $ (27 ) $ (39 ) (2) (27 ) (39 ) Total before tax 6 14 Tax (expense) or benefit $ (21 ) $ (25 ) Net of tax Total reclassifications for the period $ (14 ) $ 17 Net of tax ________ (1) Amounts in parentheses indicate reductions to net income. (2) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost and is included in other non-interest expense on the consolidated statements of income (see Note 9 for additional details). |
Earnings (Loss) Per Common Sh_2
Earnings (Loss) Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic earnings (loss) per common share and diluted earnings (loss) per common share: Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions, except per share amounts) Numerator: Income from continuing operations $ 370 $ 312 $ 1,162 $ 921 Preferred stock dividends (16 ) (16 ) (48 ) (48 ) Income from continuing operations available to common shareholders 354 296 1,114 873 Income (loss) from discontinued operations, net of tax 194 (1 ) 191 7 Net income available to common shareholders $ 548 $ 295 $ 1,305 $ 880 Denominator: Weighted-average common shares outstanding—basic 1,086 1,182 1,111 1,197 Potential common shares 9 11 10 12 Weighted-average common shares outstanding—diluted 1,095 1,193 1,121 1,209 Earnings per common share from continuing operations available to common shareholders (1) : Basic $ 0.33 $ 0.25 $ 1.00 $ 0.73 Diluted 0.32 0.25 0.99 0.72 Earnings (loss) per common share from discontinued operations (1) : Basic $ 0.18 $ (0.00 ) $ 0.17 $ 0.01 Diluted 0.18 (0.00 ) 0.17 0.01 Earnings per common share (1) : Basic $ 0.50 $ 0.25 $ 1.18 $ 0.74 Diluted 0.50 0.25 1.16 0.73 ________ (1) Certain per share amounts may not appear to reconcile due to rounding. |
Pension and Other Postretirem_2
Pension and Other Postretirement Benefits (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Defined Benefit Plan [Abstract] | |
Schedule of Net Periodic Pension Cost | Net periodic pension cost (credit) includes the following components: Qualified Plans Non-qualified Plans Total Three Months Ended September 30 2018 2017 2018 2017 2018 2017 (In millions) Service cost $ 7 $ 8 $ — $ 1 $ 7 $ 9 Interest cost 18 18 2 1 20 19 Expected return on plan assets (38 ) (35 ) — — (38 ) (35 ) Amortization of actuarial loss 7 8 1 1 8 9 Settlement charge — — — 2 — 2 Net periodic pension cost (credit) $ (6 ) $ (1 ) $ 3 $ 5 $ (3 ) $ 4 Qualified Plans Non-qualified Plans Total Nine Months Ended September 30 2018 2017 2018 2017 2018 2017 (In millions) Service cost $ 26 $ 25 $ 2 $ 3 $ 28 $ 28 Interest cost 53 54 4 3 57 57 Expected return on plan assets (115 ) (106 ) — — (115 ) (106 ) Amortization of actuarial loss 23 24 4 3 27 27 Settlement charge — — — 12 — 12 Net periodic pension cost (credit) $ (13 ) $ (3 ) $ 10 $ 21 $ (3 ) $ 18 |
Derivative Financial Instrume_2
Derivative Financial Instruments and Hedging Activities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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, 2018 and December 31, 2017 . Beginning in the first quarter of 2018, variation margin payments made for derivatives cleared through LCH Limited are legally characterized as settlements of the derivatives. Exchange traded derivatives cleared through LCH Limited were not offset prior to January 2018. September 30, 2018 December 31, 2017 Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Gain (1) Loss (1) Gain (1) Loss (1) (In millions) Derivatives in fair value hedging relationships: Interest rate swaps $ 3,231 $ 3,060 $ 1 $ 43 Derivatives in cash flow hedging relationships: Interest rate swaps 7,000 6,825 5 188 Interest rate floors (2) 2,000 $ 23 — — — Total derivatives designated as hedging instruments $ 12,231 $ 23 $ 9,885 $ 6 $ 231 Derivatives not designated as hedging instruments: Interest rate swaps $ 45,002 $ 123 $ 324 $ 40,841 $ 308 $ 342 Interest rate options 6,873 40 30 4,598 23 15 Interest rate futures and forward commitments 20,611 7 5 20,404 6 5 Other contracts 7,189 76 71 5,721 51 48 Total derivatives not designated as hedging instruments $ 79,675 $ 246 $ 430 $ 71,564 $ 388 $ 410 Total derivatives $ 91,906 $ 269 $ 430 $ 81,449 $ 394 $ 641 Total gross derivative instruments, before netting $ 269 $ 430 $ 394 $ 641 Less: Legally enforceable master netting agreements 97 97 107 107 Less: Cash collateral received/posted 60 107 34 131 Total gross derivative instruments, after netting (3) $ 112 $ 226 $ 253 $ 403 _________ (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. There is no fair value presented for contracts that are characterized as settled daily. (2) Estimated fair value includes premium and change in fair value of the interest rate floors. (3) As of September 30, 2018, financial instruments posted of $24 million were not offset in the consolidated balance sheets. As of December 31, 2017, cash collateral posted of $257 million and financial instruments posted of $50 million were not offset in the consolidated balance sheets. |
Schedule Of Effect Of Hedging Derivative Instruments On Statements Of Operations | The following tables present the effect of hedging derivative instruments on the consolidated statements of income: Three Months Ended September 30, 2018 Interest Income Interest Expense Non-interest expense Debt securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 155 $ 919 $ 64 $ 84 $ 286 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ — $ — $ — $ (5 ) $ — Recognized on derivatives — — — (6 ) — Recognized on hedged items — — — 5 — Net income (expense) recognized on fair value hedges $ — $ — $ — $ (6 ) $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ — $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ — $ — $ — $ — Three Months Ended September 30, 2017 Interest Income Interest Expense Non-interest expense Securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 148 $ 827 $ 42 $ 53 $ 217 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ (1 ) $ — $ — $ — $ — Recognized on derivatives — — — — (6 ) Recognized on hedged items — — — — 6 Net income (expense) recognized on fair value hedges $ (1 ) $ — $ — $ — $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 17 $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ 17 $ — $ — $ — Nine Months Ended September 30, 2018 Interest Income Interest Expense Non-interest expense Debt securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 465 $ 2,651 $ 170 $ 229 $ 746 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ (1 ) $ — $ — $ (10 ) $ — Recognized on derivatives 5 — — (47 ) — Recognized on hedged items (5 ) — — 45 — Net income (expense) recognized on fair value hedges $ (1 ) $ — $ — $ (12 ) $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 16 $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ 16 $ — $ — $ — Nine Months Ended September 30, 2017 Interest Income Interest Expense Non-interest expense Securities-taxable Loans, including fees Deposits Long-term borrowings Other (In millions) Total amounts presented in the consolidated statements of income $ 445 $ 2,401 $ 114 $ 153 $ 673 Gains/(losses) on fair value hedging relationships: Interest rate contracts: Amounts related to interest settlements on derivatives $ (3 ) $ — $ — $ 2 $ — Recognized on derivatives — — — — (3 ) Recognized on hedged items — — — — 3 Net income (expense) recognized on fair value hedges $ (3 ) $ — $ — $ 2 $ — Gains/(losses) on cash flow hedging relationships: (1) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income (2) $ — $ 70 $ — $ — $ — Net income (expense) recognized on cash flow hedges $ — $ 70 $ — $ — $ — _____ (1) See Note 7 for gain or (loss) recognized for cash flow hedges in AOCI. (2) Pre-tax |
Schedule of Fair Value Hedging Basis Adjustments | The following table presents the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships. September 30, 2018 Hedged Items Currently Designated Hedged Items No Longer Designated Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment Carrying Amount of Assets/(Liabilities) Hedge Accounting Basis Adjustment (In millions) Debt securities available for sale $ 83 $ (2 ) $ 605 $ 4 Long-term borrowings (3,056 ) 97 — — |
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, 2018 and 2017 : Three Months Ended September 30 Nine Months Ended September 30 Derivatives Not Designated as Hedging Instruments 2018 2017 2018 2017 (In millions) Capital markets income: Interest rate swaps $ 5 $ 3 $ 17 $ 9 Interest rate options 6 9 19 19 Interest rate futures and forward commitments 1 1 3 6 Other contracts — 9 4 (6 ) Total capital markets income 12 22 43 28 Mortgage income: Interest rate swaps (9 ) 1 (33 ) 7 Interest rate options (4 ) (2 ) (1 ) (3 ) Interest rate futures and forward commitments 4 2 — (5 ) Total mortgage income (9 ) 1 (34 ) (1 ) $ 3 $ 23 $ 9 $ 27 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [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, 2018 and December 31, 2017 : September 30, 2018 December 31, 2017 Level 1 Level 2 Level 3 (1) Total Estimated Fair Value Level 1 Level 2 Level 3 (1) Total Estimated Fair Value (In millions) Recurring fair value measurements Debt securities available for sale: U.S. Treasury securities $ 276 $ — $ — $ 276 $ 331 $ — $ — $ 331 Federal agency securities — 46 — 46 — 28 — 28 Mortgage-backed securities (MBS): Residential agency — 16,669 — 16,669 — 17,431 — 17,431 Residential non-agency — — 2 2 — — 3 3 Commercial agency — 3,775 — 3,775 — 3,714 — 3,714 Commercial non-agency — 773 — 773 — 788 — 788 Corporate and other debt securities — 1,127 3 1,130 — 1,105 3 1,108 Total debt securities available for sale $ 276 $ 22,390 $ 5 $ 22,671 $ 331 $ 23,066 $ 6 $ 23,403 Loans held for sale $ — $ 293 $ — $ 293 $ — $ 325 $ — $ 325 Marketable equity securities (2) $ 475 $ — $ — $ 475 $ 414 $ — $ — $ 414 Residential mortgage servicing rights $ — $ — $ 406 $ 406 $ — $ — $ 336 $ 336 Derivative assets: Interest rate swaps $ — $ 123 $ — $ 123 $ — $ 314 $ — $ 314 Interest rate options — 56 7 63 — 18 5 23 Interest rate futures and forward commitments — 7 — 7 — 6 — 6 Other contracts 1 75 — 76 2 49 — 51 Total derivative assets $ 1 $ 261 $ 7 $ 269 $ 2 $ 387 $ 5 $ 394 Derivative liabilities: Interest rate swaps $ — $ 324 $ — $ 324 $ — $ 573 $ — $ 573 Interest rate options — 30 — 30 — 15 — 15 Interest rate futures and forward commitments — 5 — 5 — 5 — 5 Other contracts 1 69 1 71 2 46 — 48 Total derivative liabilities $ 1 $ 428 $ 1 $ 430 $ 2 $ 639 $ — $ 641 Non-recurring fair value measurements Loans held for sale $ — $ — $ 18 $ 18 $ — $ — $ 20 $ 20 Equity investments without a readily determinable fair value (3) — — 19 19 — — — — Foreclosed property and other real estate — 17 2 19 — 24 9 33 _________ (1) All following disclosures related to Level 3 recurring and non-recurring assets do not include those deemed to be immaterial. (2) Marketable equity securities were reclassified from trading account securities and securities available for sale to other earning assets, beginning in the first quarter of 2018, with the adoption of new accounting guidance. Prior periods have been reclassified to conform to current period presentation. (3) With the adoption of new accounting guidance, effective January 1, 2018, equity investments without a readily determinable fair value are required to be adjusted prospectively to estimated fair value when an observable price transaction for a same or similar investment with the same issuer occurs. |
Rollforward For Assets And Liabilities Measured At Fair Value On A Recurring Basis With Level 3 Significant Unobservable Inputs | The following tables illustrate rollforwards for all material 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, 2018 and 2017 , respectively. The net changes in realized gains (losses) included in earnings related to Level 3 assets and liabilities held at September 30, 2018 and 2017 are not material. Three Months Ended September 30, 2018 Opening Total Realized / Unrealized Gains or Losses Purchases Sales Issuances Settlements Transfers Transfers Closing Included in Earnings Included in Other Compre- hensive Income (Loss) (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 362 (6 ) (1) — 50 — — — — — $ 406 Three Months Ended September 30, 2017 Opening Total Realized / Purchases Sales Issuances Settlements Transfers Transfers Closing Included Included (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 346 (21 ) (1) — 10 — — — — — $ 335 Nine Months Ended September 30, 2018 Opening Total Realized / Unrealized Gains or Losses Purchases Sales Issuances Settlements Transfers Transfers Closing Included in Earnings Included in Other Compre- hensive Income (Loss) (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 336 3 (1) — 67 — — — — — $ 406 Nine Months Months Ended September 30, 2017 Opening Total Realized / Purchases Sales Issuances Settlements Transfers Transfers Closing Included Included (In millions) Level 3 Instruments Only Residential mortgage servicing rights $ 324 (45 ) (1) — 56 — — — — — $ 335 _________ (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 2018 2017 2018 2017 (In millions) Loans held for sale $ (4 ) $ (1 ) $ (10 ) $ (8 ) Foreclosed property and other real estate (3 ) (6 ) (13 ) (21 ) Equity investments without a readily determinable fair value 5 — 13 — |
Summary Of Quantitative Information About Level 3 Measurements | The following tables present detailed information regarding material assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of September 30, 2018 , and December 31, 2017 . 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, 2018 , and December 31, 2017 , are included. Following the tables are descriptions of the valuation techniques and the sensitivity of the techniques to changes in the significant unobservable inputs. September 30, 2018 Level 3 Valuation Technique Unobservable Input(s) Quantitative Range of Unobservable Inputs and (Weighted-Average) (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $406 Discounted cash flow Weighted-average CPR (%) 1.7% - 41.0% (8.3%) OAS (%) 3.1% - 15.0% (8.0%) _________ (1) See Note 5 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. December 31, 2017 Level 3 Valuation Technique Unobservable Input(s) Quantitative Range of Unobservable Inputs and (Weighted-Average) (Dollars in millions) Recurring fair value measurements: Residential mortgage servicing rights (1) $336 Discounted cash flow Weighted-average CPR (%) 7.9% - 28.1% (9.9%) OAS (%) 8.1% - 15.0% (8.6%) _________ (1) See Note 7 to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2017 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. |
Fair Value Option, Fair Value and Unpaid Principal Balance | 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: September 30, 2018 December 31, 2017 Aggregate Fair Value Aggregate Unpaid Principal Aggregate Fair Value Less Aggregate Unpaid Principal Aggregate Fair Value Aggregate Unpaid Principal Aggregate Fair Value Less Aggregate Unpaid Principal (In millions) Mortgage loans held for sale, at fair value $ 293 $ 286 $ 7 $ 325 $ 314 $ 11 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 and losses 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, 2018 and 2017 . 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. Net gains (losses) resulting from changes in fair value Three Months Ended September 30 Nine Months Ended September 30 2018 2017 2018 2017 (In millions) Mortgage loans held for sale, at fair value $ (4 ) $ (3 ) $ (4 ) $ 5 |
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, 2018 are as follows: September 30, 2018 Carrying Amount Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 3,495 $ 3,495 $ 3,495 $ — $ — Debt securities held to maturity 1,524 1,472 — 1,472 — Debt securities available for sale 22,671 22,671 276 22,390 5 Loans held for sale 331 331 — 309 22 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 79,940 78,722 — — 78,722 Other earning assets (4) 1,408 1,408 475 933 — Derivative assets 269 269 1 261 7 Financial liabilities: Derivative liabilities 430 430 1 428 1 Deposits 93,255 93,267 — 93,267 — Short-term borrowings 3,250 3,250 — 3,250 — Long-term borrowings 11,178 11,434 — 10,618 816 Loan commitments and letters of credit 75 432 — — 432 _________ (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 relies on a robust, cross-functional corporate governance program to make adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (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 on the loan portfolio's net carrying amount at September 30, 2018 was $1.2 billion or 1.5 percent. (3) Excluded from this table is the capital lease carrying amount of $1.0 billion at September 30, 2018 . (4) Excluded from this table is the operating lease carrying amount of $393 million at September 30, 2018 . 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, 2017 are as follows: December 31, 2017 Carrying Amount Estimated Fair Value (1) Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and cash equivalents $ 3,981 $ 3,981 $ 3,981 $ — $ — Debt securities held to maturity 1,658 1,667 — 1,667 — Debt securities available for sale 23,403 23,403 331 23,066 6 Loans held for sale 348 348 — 328 20 Loans (excluding leases), net of unearned income and allowance for loan losses (2)(3) 77,942 76,871 — — 76,871 Other earning assets (4) 1,402 1,402 414 988 — Derivative assets 394 394 2 387 5 Financial liabilities: Derivative liabilities 641 641 2 639 — Deposits 96,889 96,927 — 96,927 — Short-term borrowings 500 500 — 500 — Long-term borrowings 8,132 8,517 — 7,757 760 Loan commitments and letters of credit 79 540 — — 540 _________ (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 relies on a robust, cross-functional corporate governance program to make adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. (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 on the loan portfolio's net carrying amount at December 31, 2017 was $1.1 billion or 1.4 percent. (3) Excluded from this table is the capital lease carrying amount of $1.1 billion at December 31, 2017 . (4) Excluded from this table is the operating lease carrying amount of $489 million at December 31, 2017 . |
Business Segment Information (T
Business Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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, 2018 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 348 $ 574 $ 49 $ (29 ) $ 942 $ 1 $ 943 Provision (credit) for loan losses 54 79 4 (53 ) 84 — 84 Non-interest income 137 287 80 15 519 280 799 Non-interest expense 223 527 84 88 922 7 929 Income (loss) before income taxes 208 255 41 (49 ) 455 274 729 Income tax expense (benefit) 52 64 10 (41 ) 85 80 165 Net income (loss) $ 156 $ 191 $ 31 $ (8 ) $ 370 $ 194 $ 564 Average assets $ 51,694 $ 35,142 $ 2,257 $ 34,433 $ 123,526 $ — $ 123,526 Three Months Ended September 30, 2017 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 362 $ 543 $ 49 $ (57 ) $ 897 $ 1 $ 898 Provision (credit) for loan losses 66 75 5 (70 ) 76 — 76 Non-interest income 121 275 76 10 482 34 516 Non-interest expense 212 511 80 50 853 35 888 Income (loss) before income taxes 205 232 40 (27 ) 450 — 450 Income tax expense (benefit) 78 88 16 (44 ) 138 1 139 Net income (loss) $ 127 $ 144 $ 24 $ 17 $ 312 $ (1 ) $ 311 Average assets $ 51,304 $ 34,929 $ 2,438 $ 34,607 $ 123,278 $ 155 $ 123,433 Nine Months Ended September 30, 2018 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 1,027 $ 1,682 $ 147 $ (79 ) $ 2,777 $ 1 $ 2,778 Provision (credit) for loan losses 162 231 13 (272 ) 134 — 134 Non-interest income 417 852 236 33 1,538 349 1,887 Non-interest expense 681 1,574 260 202 2,717 79 2,796 Income (loss) before income taxes 601 729 110 24 1,464 271 1,735 Income tax expense (benefit) 150 182 27 (57 ) 302 80 382 Net income (loss) $ 451 $ 547 $ 83 $ 81 $ 1,162 $ 191 $ 1,353 Average assets $ 51,271 $ 34,985 $ 2,311 $ 34,651 $ 123,218 $ 109 $ 123,327 Nine Months Ended September 30, 2017 Corporate Bank Consumer Bank Wealth Management Other Continuing Operations Discontinued Operations Consolidated (In millions) Net interest income and other financing income (loss) $ 1,062 $ 1,593 $ 142 $ (159 ) $ 2,638 $ 1 $ 2,639 Provision (credit) for loan losses 199 220 16 (241 ) 194 — 194 Non-interest income 370 837 224 15 1,446 106 1,552 Non-interest expense 645 1,542 247 137 2,571 94 2,665 Income (loss) before income taxes 588 668 103 (40 ) 1,319 13 1,332 Income tax expense (benefit) 223 254 42 (121 ) 398 6 404 Net income (loss) $ 365 $ 414 $ 61 $ 81 $ 921 $ 7 $ 928 Average assets $ 51,896 $ 34,922 $ 2,479 $ 34,569 $ 123,866 $ 158 $ 124,024 |
Commitments, Contingencies an_2
Commitments, Contingencies and Guarantees (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Credit Risk Of Off-Balance Sheet Financial Instruments By Contractual Amounts | Credit risk associated with these instruments is represented by the contractual amounts indicated in the following table: September 30, 2018 December 31, 2017 (In millions) Unused commitments to extend credit $ 49,109 $ 45,705 Standby letters of credit 1,448 1,348 Commercial letters of credit 92 76 Liabilities associated with standby letters of credit 26 26 Assets associated with standby letters of credit 27 28 Reserve for unfunded credit commitments 50 53 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Revenue Recognition [Abstract] | |
Disaggregation of Revenue | The following tables present total non-interest income disaggregated by major product category for each reportable segment for the period indicated. Three Months Ended September 30, 2018 Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 36 $ 142 $ 1 $ (2 ) $ 2 $ 179 $ — Card and ATM fees 13 102 — 1 (5 ) 111 — Investment management and trust fee income — — 59 — — 59 — Capital markets income 15 — — — 30 45 — Mortgage income — — — — 32 32 — Bank-owned life insurance — — — — 18 18 — Commercial credit fee income — — — — 18 18 — Investment services fee income — — 18 — — 18 — Securities gains, net — — — — — — (1 ) Market value adjustments on employee benefit assets — — — — 7 7 — Insurance commissions and fees — — 1 1 — 2 — Gain on sale of business (1) — — — — — — 281 Other miscellaneous income 4 11 1 (1 ) 15 30 — $ 68 $ 255 $ 80 $ (1 ) $ 117 $ 519 $ 280 Three Months Ended September 30, 2017 (2) Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 36 $ 136 $ 1 $ (1 ) $ 3 $ 175 $ — Card and ATM fees 11 94 — — (2 ) 103 — Investment management and trust fee income — — 58 — — 58 — Capital markets income 10 — — — 25 35 — Mortgage income — — — — 32 32 — Bank-owned life insurance — — — — 20 20 — Commercial credit fee income — — — — 17 17 — Investment services fee income — — 15 — — 15 — Securities gains, net — — — — 8 8 — Market value adjustments on employee benefit assets — — — — 3 3 — Insurance commissions and fees — — — — — — 33 Other miscellaneous income 4 12 1 — (1 ) 16 1 $ 61 $ 242 $ 75 $ (1 ) $ 105 $ 482 $ 34 Nine Months Ended September 30, 2018 Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 109 $ 408 $ 3 $ (1 ) $ 6 $ 525 $ — Card and ATM fees 39 300 — 1 (13 ) 327 — Investment management and trust fee income — — 175 — — 175 — Capital markets income 59 — — — 93 152 — Mortgage income — — — — 107 107 — Bank-owned life insurance — — — — 53 53 — Commercial credit fee income — — — — 52 52 — Investment services fee income — — 54 — — 54 — Securities gains, net — — — — 1 1 (1 ) Market value adjustments on employee benefit assets — — — — 4 4 — Insurance commissions and fees — — 1 2 — 3 69 Gain on sale of business (1) — — — — — — 281 Other miscellaneous income 13 32 3 (1 ) 38 85 — $ 220 $ 740 $ 236 $ 1 $ 341 $ 1,538 $ 349 Nine Months Ended September 30, 2017 (2) Corporate Bank Consumer Bank Wealth Management Other Segment Revenue Other (1) Continuing Operations Discontinued Operations (In millions) Service charges on deposit accounts $ 107 $ 395 $ 2 $ 1 $ 7 $ 512 $ — Card and ATM fees 35 284 — — (8 ) 311 — Investment management and trust fee income — — 171 — — 171 — Capital markets income 30 — — — 75 105 — Mortgage income — — — — 113 113 — Bank-owned life insurance — — — — 61 61 — Commercial credit fee income — — — — 53 53 — Investment services fee income — — 46 — — 46 — Securities gains, net — — — — 9 9 — Market value adjustments on employee benefit assets — — — — 10 10 — Insurance commissions and fees — — — 2 — 2 104 Other miscellaneous income 10 34 3 — 6 53 2 $ 182 $ 713 $ 222 $ 3 $ 326 $ 1,446 $ 106 ________ (1) This revenue is not impacted by the new accounting guidance and continues to be recognized when earned in accordance with the Company's existing revenue recognition policy. (2) Prior period amounts have not been adjusted under the modified retrospective method. |
Basis of Presentation (Narrativ
Basis of Presentation (Narrative) (Details) $ in Millions | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Basis of Presentation [Abstract] | |
Cumulative Effect on Retained Earnings, Net of Tax | $ 2 |
Discontinued Operations (Schedu
Discontinued Operations (Schedule of Discontinued Operations Income Statement) (Details) - USD ($) $ / shares in Units, $ in Millions | Jul. 02, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Interest Income (Expense), Net | $ 942 | $ 897 | $ 2,777 | $ 2,638 | ||
Non-interest income: | ||||||
Gain (Loss) on Disposition of Business | 281 | 0 | ||||
Total non-interest income | 519 | 482 | 1,538 | 1,446 | ||
Non-interest expense: | ||||||
Salaries and employee benefits | 473 | 464 | 1,479 | 1,395 | ||
Net occupancy expense | 82 | 89 | 249 | 257 | ||
Furniture and equipment expense | 81 | 83 | 243 | 246 | ||
Other | 286 | 217 | 746 | 673 | ||
Total non-interest expense | 922 | 853 | 2,717 | 2,571 | ||
Income from discontinued operations before income taxes | 274 | 0 | 271 | 13 | ||
Income tax expense | 80 | 1 | 80 | 6 | ||
Income (loss) from discontinued operations, net of tax | $ 194 | $ (1) | $ 191 | $ 7 | ||
Earnings (loss) per common share from discontinued operations: | ||||||
Basic (in dollars per share) | [1] | $ 0.18 | $ 0 | $ 0.17 | $ 0.01 | |
Diluted (in dollars per share) | [1] | $ 0.18 | $ 0 | $ 0.17 | $ 0.01 | |
Regions Insurance Group Inc. [Member] | ||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $ 196 | |||||
Non-interest income: | ||||||
Gain (Loss) on Disposition of Business | $ 281 | |||||
Regions Insurance Group, Inc - Discontinued Operations [Member] | ||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Disposal Group, Including Discontinued Operation, Interest Income | $ 1 | $ 1 | $ 1 | $ 1 | ||
Disposal Group, Including Discontinued Operation, Interest Expense | 0 | 0 | 0 | 0 | ||
Interest Income (Expense), Net | 1 | 1 | 1 | 1 | ||
Non-interest income: | ||||||
Gain (Loss) on Sale of Securities, Net (Excluding Trading Securities) | (1) | 0 | (1) | 0 | ||
Insurance Commissions and Fees | 0 | 33 | 69 | 104 | ||
Gain (Loss) on Disposition of Business | 281 | 0 | 281 | 0 | ||
Other Non-Interest Income | 0 | 1 | 0 | 2 | ||
Total non-interest income | 280 | 34 | 349 | 106 | ||
Non-interest expense: | ||||||
Salaries and employee benefits | 0 | 24 | 49 | 73 | ||
Net occupancy expense | 0 | 2 | 3 | 5 | ||
Furniture and equipment expense | 0 | 1 | 2 | 3 | ||
Other | 1 | 7 | 16 | 22 | ||
Total non-interest expense | 1 | 34 | 70 | 103 | ||
Income from discontinued operations before income taxes | 280 | 1 | 280 | 4 | ||
Income tax expense | 84 | 1 | 84 | 2 | ||
Income (loss) from discontinued operations, net of tax | 196 | 0 | 196 | 2 | ||
Discontinued Operations [Member] | ||||||
Non-interest expense: | ||||||
Income from discontinued operations before income taxes | 274 | 0 | 271 | 13 | ||
Income tax expense | 80 | 1 | 80 | 6 | ||
Income (loss) from discontinued operations, net of tax | $ 194 | $ (1) | $ 191 | $ 7 | ||
Earnings (loss) per common share from discontinued operations: | ||||||
Basic (in dollars per share) | $ 0.18 | $ 0 | $ 0.17 | $ 0.01 | ||
Diluted (in dollars per share) | $ 0.18 | $ 0 | $ 0.17 | $ 0.01 | ||
[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 ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 | |
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities held to maturity, amortized cost | $ 1,561 | $ 1,702 | |
Held To Maturity Debt Securities Gross Unrealized Gains | [1] | 0 | 0 |
Held To Maturity Debt Securities Gross Unrealized Losses | [1] | (37) | (44) |
Debt Securities held to maturity | 1,524 | 1,658 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Gain | 0 | 17 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Loss | (52) | (8) | |
Debt Securities held to maturity, estimated fair value | 1,472 | 1,667 | |
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 23,514 | 23,605 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 16 | 82 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (859) | (284) | |
Available-for-sale debt securities, net carrying value | 22,671 | 23,403 | |
Debt securities available for sale | 22,671 | 23,403 | |
US Treasury Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 282 | 333 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (6) | (2) | |
Available-for-sale debt securities, net carrying value | 276 | 331 | |
Debt securities available for sale | 276 | 331 | |
Federal Agency Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 46 | 28 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | 0 | |
Available-for-sale debt securities, net carrying value | 46 | 28 | |
Debt securities available for sale | 46 | 28 | |
Residential Agency [Member] | |||
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities held to maturity, amortized cost | 923 | 1,051 | |
Held To Maturity Debt Securities Gross Unrealized Gains | [1] | 0 | 0 |
Held To Maturity Debt Securities Gross Unrealized Losses | [1] | (34) | (40) |
Debt Securities held to maturity | 889 | 1,011 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Gain | 0 | 12 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Loss | (27) | (4) | |
Debt Securities held to maturity, estimated fair value | 862 | 1,019 | |
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 17,363 | 17,622 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 12 | 53 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (706) | (244) | |
Available-for-sale debt securities, net carrying value | 16,669 | 17,431 | |
Debt securities available for sale | 16,669 | 17,431 | |
Residential Non-Agency [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 2 | 3 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | 0 | |
Available-for-sale debt securities, net carrying value | 2 | 3 | |
Debt securities available for sale | 2 | 3 | |
Commercial Agency [Member] | |||
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities held to maturity, amortized cost | 638 | 651 | |
Held To Maturity Debt Securities Gross Unrealized Gains | [1] | 0 | 0 |
Held To Maturity Debt Securities Gross Unrealized Losses | [1] | (3) | (4) |
Debt Securities held to maturity | 635 | 647 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Gain | 0 | 5 | |
Held-to-maturity Debt Securities, Accumulated Unrecognized Holding Loss | (25) | (4) | |
Debt Securities held to maturity, estimated fair value | 610 | 648 | |
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 3,885 | 3,739 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 5 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (110) | (30) | |
Available-for-sale debt securities, net carrying value | 3,775 | 3,714 | |
Debt securities available for sale | 3,775 | 3,714 | |
Commercial Non-Agency [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 785 | 787 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 2 | 4 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (14) | (3) | |
Available-for-sale debt securities, net carrying value | 773 | 788 | |
Debt securities available for sale | 773 | 788 | |
Corporate and other debt securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 1,151 | 1,093 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 2 | 20 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | (23) | (5) | |
Available-for-sale debt securities, net carrying value | 1,130 | 1,108 | |
Debt securities available for sale | $ 1,130 | $ 1,108 | |
[1] | The gross unrealized losses recognized in OCI on securities held to maturity resulted from a transfer of securities available for sale to held to maturity in the second quarter of 2013. |
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 ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities held to maturity, amortized cost | $ 1,561 | $ 1,702 |
Debt Securities held to maturity, estimated fair value | 1,472 | 1,667 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost | 65 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value | 65 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost | 980 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value | 964 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 385 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value | 374 | |
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost | 49 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value | 49 | |
Debt Securities, Available-for-sale, Amortized Cost | 23,514 | 23,605 |
Debt securities available for sale | 22,671 | 23,403 |
Residential Agency [Member] | ||
Debt Securities held to maturity, amortized cost | 923 | 1,051 |
Debt Securities held to maturity, estimated fair value | 862 | 1,019 |
Debt Securities, Available-for-sale, Amortized Cost | 17,363 | 17,622 |
Debt securities available for sale | 16,669 | 17,431 |
Residential Non-Agency [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost | 2 | 3 |
Debt securities available for sale | 2 | 3 |
Commercial Agency [Member] | ||
Debt Securities held to maturity, amortized cost | 638 | 651 |
Debt Securities held to maturity, estimated fair value | 610 | 648 |
Debt Securities, Available-for-sale, Amortized Cost | 3,885 | 3,739 |
Debt securities available for sale | 3,775 | 3,714 |
Commercial Non-Agency [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost | 785 | 787 |
Debt securities available for sale | $ 773 | $ 788 |
Securities (Schedule Of Gross U
Securities (Schedule Of Gross Unrealized Losses And Estimated Fair Value Of Securities Available For Sale and Held to Maturity) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Unrealized Loss And Fair Value On Securities [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | $ 475 | $ 0 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (18) | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 997 | 1,169 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (71) | (39) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 1,472 | 1,169 |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss | (89) | (39) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 10,055 | 7,743 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (249) | (55) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 10,872 | 9,349 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (610) | (229) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 20,927 | 17,092 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (859) | (284) |
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, Estimated Fair Value | 199 | 221 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (3) | (1) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 72 | 84 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (3) | (1) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 271 | 305 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (6) | (2) |
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 | 0 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 862 | 1,019 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (61) | (32) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 862 | 1,019 |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss | (61) | (32) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 6,407 | 5,157 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (169) | (40) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 9,091 | 8,195 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (537) | (204) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 15,498 | 13,352 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (706) | (244) |
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 | 475 | 0 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (18) | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 135 | 150 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (10) | (7) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 610 | 150 |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss | (28) | (7) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Estimated Fair Value | 2,162 | 1,666 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (51) | (10) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 1,441 | 904 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (59) | (20) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 3,603 | 2,570 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (110) | (30) |
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, Estimated Fair Value | 515 | 393 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (11) | (2) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 105 | 61 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (3) | (1) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 620 | 454 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (14) | (3) |
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, Estimated Fair Value | 772 | 306 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (15) | (2) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Estimated Fair Value | 163 | 105 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (8) | (3) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Estimated Fair Value | 935 | 411 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (23) | $ (5) |
Securities (Schedule Of Gross R
Securities (Schedule Of Gross Realized Gains And Gross Realized Losses On Available For Sale Securities) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Investments, Debt and Equity Securities [Abstract] | |||||
Gross realized gains | $ 1 | $ 5 | $ 4 | $ 9 | |
Gross realized losses | (1) | 0 | (1) | (3) | |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net | 0 | (1) | (2) | (1) | |
Available-for-sale Securities, Gross Realized Gain (Loss) | [1] | $ 0 | $ 4 | $ 1 | $ 5 |
[1] | The securities gains (losses), net balances above exclude net trading securities gains of $4 million recognized during the third quarter of 2017. |
Securities (Equity Investments)
Securities (Equity Investments) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
Sep. 30, 2018 | Sep. 30, 2018 | |
Equity Investments without a Readily Determinable Fair Value [Roll Forward] | ||
Carrying value, beginning of period | $ 39 | $ 31 |
Net additions | 9 | 9 |
Downward adjustments for price changes and impairment | (2) | (2) |
Upward adjustments for price changes | 7 | 15 |
Carrying value, end of period | $ 53 | $ 53 |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Millions | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($)security | Dec. 31, 2017USD ($)security | |
Debt Securities, Available-for-sale [Line Items] | |||
Trading Securities, Realized Gain (Loss) | $ 4 | ||
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | $ 7,600 | $ 8,100 | |
Number of individual positions in unrealized loss position | security | 1,459 | 1,059 | |
Marketable Equity Securities | $ 475 | $ 414 | |
Cumulative Downward Adjustments for Equity Investments without a Determinable Fair Value | 6 | ||
Cumulative Upward Adjustments for Equity Investments without a Determinable Fair Value | 15 | ||
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax | 7 | ||
US Treasury Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | $ 24 | $ 50 |
Loans and the Allowance for C_3
Loans and the Allowance for Credit Losses (Schedule Of Loan Portfolio, Net Of Unearned Income) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | $ 81,821 | $ 79,947 | $ 79,356 |
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 38,036 | 36,115 | |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,943 | 6,193 | |
Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 326 | 332 | |
Commercial Investor Real Estate Mortgage [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 4,205 | 4,062 | |
Commercial Investor Real Estate Construction [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,838 | 1,772 | |
Residential First Mortgage [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 14,220 | 14,061 | |
Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 9,435 | 10,164 | |
Indirect-vehicles [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,146 | 3,326 | |
Indirect-other consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,179 | 1,467 | |
Consumer Credit Card Financing Receivable [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,273 | 1,290 | |
Other consumer | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,220 | 1,165 | |
Commercial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 44,305 | 42,640 | 42,062 |
Total Investor Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 6,043 | 5,834 | 5,935 |
Consumer Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | $ 31,473 | $ 31,473 | $ 31,359 |
Loans and the Allowance for C_4
Loans and the Allowance for Credit Losses (Analysis of the Allowance for Credit Losses by Portfolio Segment) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Allowance for loan losses, beginning of period | $ 838 | $ 1,041 | $ 934 | $ 1,091 | |
Provision (credit) for loan and lease losses | 84 | 76 | 134 | 194 | |
Loan losses: | |||||
Charge-offs | (107) | (106) | (314) | (329) | |
Recoveries | 25 | 30 | 86 | 85 | |
Net loan losses | (82) | (76) | (228) | (244) | |
Total allowance for loan losses | 840 | 1,041 | 840 | 1,041 | |
Reserve For Unfunded Credit Commitments [Roll Forward] | |||||
Reserve For Unfunded Credit Commitments, beginning of period | 48 | 67 | 53 | 69 | |
Provision (credit) for unfunded credit losses | 2 | (8) | (3) | (10) | |
Reserve For Unfunded Credit Commitments, end of period | 50 | 59 | 50 | 59 | |
Allowance for Credit Losses, end of period | 890 | 1,100 | 890 | 1,100 | |
Portion of ending allowance for loan losses: | |||||
Allowance Individually Evaluated for Impairment | 150 | 273 | 150 | 273 | |
Allowance Collectively Evaluated for Impairment | 690 | 768 | 690 | 768 | |
Total allowance for loan losses | 840 | 1,041 | 840 | 1,041 | |
Portion of loan portfolio ending balance: | |||||
Loans Individually Evaluated for Impairment | 1,088 | 1,733 | 1,088 | 1,733 | |
Loans Collectively Evaluated for Impairment | 80,733 | 77,623 | 80,733 | 77,623 | |
Loans, net of unearned income | 81,821 | 79,356 | 81,821 | 79,356 | $ 79,947 |
Commercial Portfolio Segment [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Allowance for loan losses, beginning of period | 551 | 707 | 591 | 753 | |
Provision (credit) for loan and lease losses | 12 | 8 | 12 | 41 | |
Loan losses: | |||||
Charge-offs | (41) | (43) | (105) | (139) | |
Recoveries | 10 | 11 | 34 | 28 | |
Net loan losses | (31) | (32) | (71) | (111) | |
Total allowance for loan losses | 532 | 683 | 532 | 683 | |
Reserve For Unfunded Credit Commitments [Roll Forward] | |||||
Reserve For Unfunded Credit Commitments, beginning of period | 44 | 63 | 49 | 64 | |
Provision (credit) for unfunded credit losses | 2 | (8) | (3) | (9) | |
Reserve For Unfunded Credit Commitments, end of period | 46 | 55 | 46 | 55 | |
Allowance for Credit Losses, end of period | 578 | 738 | 578 | 738 | |
Portion of ending allowance for loan losses: | |||||
Allowance Individually Evaluated for Impairment | 119 | 202 | 119 | 202 | |
Allowance Collectively Evaluated for Impairment | 413 | 481 | 413 | 481 | |
Total allowance for loan losses | 532 | 683 | 532 | 683 | |
Portion of loan portfolio ending balance: | |||||
Loans Individually Evaluated for Impairment | 599 | 898 | 599 | 898 | |
Loans Collectively Evaluated for Impairment | 43,706 | 41,164 | 43,706 | 41,164 | |
Loans, net of unearned income | 44,305 | 42,062 | 44,305 | 42,062 | 42,640 |
Total Investor Real Estate [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Allowance for loan losses, beginning of period | 48 | 82 | 64 | 85 | |
Provision (credit) for loan and lease losses | (1) | (8) | (13) | (16) | |
Loan losses: | |||||
Charge-offs | (1) | 0 | (9) | (2) | |
Recoveries | 2 | 3 | 6 | 10 | |
Net loan losses | 1 | 3 | (3) | 8 | |
Total allowance for loan losses | 48 | 77 | 48 | 77 | |
Reserve For Unfunded Credit Commitments [Roll Forward] | |||||
Reserve For Unfunded Credit Commitments, beginning of period | 4 | 4 | 4 | 5 | |
Provision (credit) for unfunded credit losses | 0 | 0 | 0 | (1) | |
Reserve For Unfunded Credit Commitments, end of period | 4 | 4 | 4 | 4 | |
Allowance for Credit Losses, end of period | 52 | 81 | 52 | 81 | |
Portion of ending allowance for loan losses: | |||||
Allowance Individually Evaluated for Impairment | 5 | 19 | 5 | 19 | |
Allowance Collectively Evaluated for Impairment | 43 | 58 | 43 | 58 | |
Total allowance for loan losses | 48 | 77 | 48 | 77 | |
Portion of loan portfolio ending balance: | |||||
Loans Individually Evaluated for Impairment | 51 | 108 | 51 | 108 | |
Loans Collectively Evaluated for Impairment | 5,992 | 5,827 | 5,992 | 5,827 | |
Loans, net of unearned income | 6,043 | 5,935 | 6,043 | 5,935 | 5,834 |
Consumer Portfolio Segment [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Allowance for loan losses, beginning of period | 239 | 252 | 279 | 253 | |
Provision (credit) for loan and lease losses | 73 | 76 | 135 | 169 | |
Loan losses: | |||||
Charge-offs | (65) | (63) | (200) | (188) | |
Recoveries | 13 | 16 | 46 | 47 | |
Net loan losses | (52) | (47) | (154) | (141) | |
Total allowance for loan losses | 260 | 281 | 260 | 281 | |
Reserve For Unfunded Credit Commitments [Roll Forward] | |||||
Reserve For Unfunded Credit Commitments, beginning of period | 0 | 0 | 0 | 0 | |
Provision (credit) for unfunded credit losses | 0 | 0 | 0 | 0 | |
Reserve For Unfunded Credit Commitments, end of period | 0 | 0 | 0 | 0 | |
Allowance for Credit Losses, end of period | 260 | 281 | 260 | 281 | |
Portion of ending allowance for loan losses: | |||||
Allowance Individually Evaluated for Impairment | 26 | 52 | 26 | 52 | |
Allowance Collectively Evaluated for Impairment | 234 | 229 | 234 | 229 | |
Total allowance for loan losses | 260 | 281 | 260 | 281 | |
Portion of loan portfolio ending balance: | |||||
Loans Individually Evaluated for Impairment | 438 | 727 | 438 | 727 | |
Loans Collectively Evaluated for Impairment | 31,035 | 30,632 | 31,035 | 30,632 | |
Loans, net of unearned income | $ 31,473 | $ 31,359 | $ 31,473 | $ 31,359 | $ 31,473 |
Loans and the Allowance for C_5
Loans and the Allowance for Credit Losses (Credit Quality Indicators) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | $ 81,821 | $ 79,947 | $ 79,356 |
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 38,036 | 36,115 | |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 5,943 | 6,193 | |
Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 326 | 332 | |
Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 4,205 | 4,062 | |
Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 1,838 | 1,772 | |
Residential First Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 14,220 | 14,061 | |
Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 9,435 | 10,164 | |
Indirect-vehicles [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 3,146 | 3,326 | |
Indirect-other consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 2,179 | 1,467 | |
Consumer Credit Card Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 1,273 | 1,290 | |
Other consumer | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 1,220 | 1,165 | |
Pass [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 36,582 | 34,420 | |
Pass [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 5,547 | 5,674 | |
Pass [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 299 | 313 | |
Pass [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 4,072 | 3,905 | |
Pass [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 1,819 | 1,706 | |
Special Mention [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 751 | 686 | |
Special Mention [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 200 | 236 | |
Special Mention [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 3 | 3 | |
Special Mention [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 82 | 63 | |
Special Mention [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 12 | 19 | |
Substandard [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 362 | 605 | |
Substandard [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 116 | 165 | |
Substandard [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 16 | 10 | |
Substandard [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 49 | 89 | |
Substandard [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 7 | 46 | |
Accrual [Member] | Residential First Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 14,178 | 14,014 | |
Accrual [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 9,369 | 10,095 | |
Accrual [Member] | Indirect-vehicles [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 3,146 | 3,326 | |
Accrual [Member] | Indirect-other consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 2,179 | 1,467 | |
Accrual [Member] | Consumer Credit Card Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 1,273 | 1,290 | |
Accrual [Member] | Other consumer | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 1,220 | 1,165 | |
Non Accrual [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 341 | 404 | |
Non Accrual [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 80 | 118 | |
Non Accrual [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 8 | 6 | |
Non Accrual [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 2 | 5 | |
Non Accrual [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 0 | 1 | |
Non Accrual [Member] | Residential First Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 42 | 47 | |
Non Accrual [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 66 | 69 | |
Non Accrual [Member] | Indirect-vehicles [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Non Accrual [Member] | Indirect-other consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Non Accrual [Member] | Consumer Credit Card Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Non Accrual [Member] | Other consumer | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 44,305 | 42,640 | 42,062 |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 42,428 | 40,407 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 954 | 925 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 494 | 780 | |
Commercial Portfolio Segment [Member] | Non Accrual [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 429 | 528 | |
Total Investor Real Estate [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 6,043 | 5,834 | 5,935 |
Total Investor Real Estate [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 5,891 | 5,611 | |
Total Investor Real Estate [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 94 | 82 | |
Total Investor Real Estate [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 56 | 135 | |
Total Investor Real Estate [Member] | Non Accrual [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 2 | 6 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 31,473 | 31,473 | $ 31,359 |
Consumer Portfolio Segment [Member] | Accrual [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | 31,365 | 31,357 | |
Consumer Portfolio Segment [Member] | Non Accrual [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, net of unearned income | $ 108 | $ 116 |
Loans and the Allowance for C_6
Loans and the Allowance for Credit Losses (Schedule of Aging Analysis Of Days Past Due (DPD) For Each Portfolio Class) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | $ 220 | $ 291 | |
Total 30 plus DPD, Accrual Loans | 597 | 724 | |
Total Accrual | 81,282 | 79,297 | |
Nonaccrual | 539 | 650 | |
Loans, net of unearned income | 81,821 | 79,947 | $ 79,356 |
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 4 | 4 | |
Total 30 plus DPD, Accrual Loans | 49 | 39 | |
Total Accrual | 37,695 | 35,711 | |
Nonaccrual | 341 | 404 | |
Loans, net of unearned income | 38,036 | 36,115 | |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 2 | 1 | |
Total 30 plus DPD, Accrual Loans | 20 | 27 | |
Total Accrual | 5,863 | 6,075 | |
Nonaccrual | 80 | 118 | |
Loans, net of unearned income | 5,943 | 6,193 | |
Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 0 | |
Total 30 plus DPD, Accrual Loans | 0 | 0 | |
Total Accrual | 318 | 326 | |
Nonaccrual | 8 | 6 | |
Loans, net of unearned income | 326 | 332 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 6 | 5 | |
Total 30 plus DPD, Accrual Loans | 69 | 66 | |
Total Accrual | 43,876 | 42,112 | |
Nonaccrual | 429 | 528 | |
Loans, net of unearned income | 44,305 | 42,640 | |
Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 1 | |
Total 30 plus DPD, Accrual Loans | 6 | 3 | |
Total Accrual | 4,203 | 4,057 | |
Nonaccrual | 2 | 5 | |
Loans, net of unearned income | 4,205 | 4,062 | |
Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 0 | |
Total 30 plus DPD, Accrual Loans | 0 | 0 | |
Total Accrual | 1,838 | 1,771 | |
Nonaccrual | 0 | 1 | |
Loans, net of unearned income | 1,838 | 1,772 | |
Total Investor Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 0 | 1 | |
Total 30 plus DPD, Accrual Loans | 6 | 3 | |
Total Accrual | 6,041 | 5,828 | |
Nonaccrual | 2 | 6 | |
Loans, net of unearned income | 6,043 | 5,834 | |
Residential First Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 144 | 216 | |
Total 30 plus DPD, Accrual Loans | 269 | 396 | |
Total Accrual | 14,178 | 14,014 | |
Nonaccrual | 42 | 47 | |
Loans, net of unearned income | 14,220 | 14,061 | |
Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 39 | 37 | |
Total 30 plus DPD, Accrual Loans | 116 | 117 | |
Total Accrual | 9,369 | 10,095 | |
Nonaccrual | 66 | 69 | |
Loans, net of unearned income | 9,435 | 10,164 | |
Indirect-vehicles [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 9 | 9 | |
Total 30 plus DPD, Accrual Loans | 60 | 70 | |
Total Accrual | 3,146 | 3,326 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 3,146 | 3,326 | |
Indirect-other consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 1 | 0 | |
Total 30 plus DPD, Accrual Loans | 17 | 14 | |
Total Accrual | 2,179 | 1,467 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 2,179 | 1,467 | |
Consumer Credit Card Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 17 | 19 | |
Total 30 plus DPD, Accrual Loans | 36 | 37 | |
Total Accrual | 1,273 | 1,290 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 1,273 | 1,290 | |
Other consumer | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 4 | 4 | |
Total 30 plus DPD, Accrual Loans | 24 | 21 | |
Total Accrual | 1,220 | 1,165 | |
Nonaccrual | 0 | 0 | |
Loans, net of unearned income | 1,220 | 1,165 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
90 plus DPD, Accrual Loans | 214 | 285 | |
Total 30 plus DPD, Accrual Loans | 522 | 655 | |
Total Accrual | 31,365 | 31,357 | |
Nonaccrual | 108 | 116 | |
Loans, net of unearned income | 31,473 | 31,473 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 105 | 157 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 6 | 7 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 2 | 8 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 8 | 15 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 0 | 1 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Total Investor Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 0 | 1 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential First Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 43 | 85 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 24 | 27 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Indirect-vehicles [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 12 | 13 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Indirect-other consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 5 | 5 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Credit Card Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 8 | 7 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Other consumer | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 5 | 4 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 97 | 141 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 272 | 276 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 39 | 28 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 16 | 18 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 55 | 46 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Investor Real Estate Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 6 | 1 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Investor Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 0 | 0 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Total Investor Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 6 | 1 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential First Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 82 | 95 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 53 | 53 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Indirect-vehicles [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 39 | 48 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Indirect-other consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 11 | 9 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Credit Card Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 11 | 11 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Other consumer | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | 15 | 13 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total 30 plus DPD, Accrual Loans | $ 211 | $ 229 |
Loans and the Allowance for C_7
Loans and the Allowance for Credit Losses (Impaired Financing Receivables) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | ||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 1,202 | $ 1,202 | $ 1,696 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 114 | 114 | 138 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 1,088 | 1,088 | 1,558 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 129 | 129 | 50 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 959 | 959 | 1,508 | ||
Impaired Financing Receivable, Related Allowance | $ 150 | $ 150 | $ 226 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 22.00% | 22.00% | 21.50% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 1,089 | $ 1,829 | $ 1,215 | $ 1,923 | ||
Impaired Financing Receivable, Interest Income Recognized | 8 | 15 | 31 | 41 | ||
Commercial And Industrial [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 563 | 563 | $ 634 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 80 | 80 | 88 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 483 | 483 | 546 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 110 | 110 | 30 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 373 | 373 | 516 | ||
Impaired Financing Receivable, Related Allowance | $ 89 | $ 89 | $ 122 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 30.00% | 30.00% | 33.10% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 471 | 748 | $ 507 | 804 | ||
Impaired Financing Receivable, Interest Income Recognized | 2 | 3 | 7 | 9 | ||
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 121 | 121 | $ 223 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 13 | 13 | 20 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 108 | 108 | 203 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 18 | 18 | 20 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 90 | 90 | 183 | ||
Impaired Financing Receivable, Related Allowance | $ 27 | $ 27 | $ 46 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 33.10% | 33.10% | 29.60% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 120 | 209 | $ 141 | 234 | ||
Impaired Financing Receivable, Interest Income Recognized | 1 | 2 | 6 | 4 | ||
Commercial Real Estate Construction - Owner-Occupied [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 9 | 9 | $ 8 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 1 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 8 | 8 | 7 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 1 | 1 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 7 | 7 | 7 | ||
Impaired Financing Receivable, Related Allowance | $ 3 | $ 3 | $ 3 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 44.40% | 44.40% | 50.00% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 6 | 5 | $ 6 | 5 | ||
Impaired Financing Receivable, Interest Income Recognized | 0 | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 693 | 693 | $ 865 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 94 | 94 | 109 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 599 | 599 | 756 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 129 | 129 | 50 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 470 | 470 | 706 | ||
Impaired Financing Receivable, Related Allowance | $ 119 | $ 119 | $ 171 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 30.70% | 30.70% | 32.40% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 597 | 962 | $ 654 | 1,043 | ||
Impaired Financing Receivable, Interest Income Recognized | 3 | 5 | 13 | 13 | ||
Commercial Investor Real Estate Mortgage [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 52 | 52 | $ 69 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 3 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 51 | 51 | 66 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 51 | 51 | 66 | ||
Impaired Financing Receivable, Related Allowance | $ 5 | $ 5 | $ 5 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 11.50% | 11.50% | 11.60% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 52 | 93 | $ 68 | 87 | ||
Impaired Financing Receivable, Interest Income Recognized | 1 | 1 | 3 | 3 | ||
Commercial Investor Real Estate Construction [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 30 | ||||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | ||||
Impaired Financing Receivable, Recorded Investment | [3] | 30 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 30 | ||||
Impaired Financing Receivable, Related Allowance | $ 3 | |||||
Impaired Financing Receivable, Coverage Percentage | [4] | 10.00% | ||||
Impaired Financing Receivable, Average Recorded Investment | 0 | 40 | 10 | 42 | ||
Impaired Financing Receivable, Interest Income Recognized | 0 | 1 | 0 | 2 | ||
Total Investor Real Estate [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 52 | 52 | $ 99 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 3 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 51 | 51 | 96 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 51 | 51 | 96 | ||
Impaired Financing Receivable, Related Allowance | $ 5 | $ 5 | $ 8 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 11.50% | 11.50% | 11.10% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 52 | 133 | $ 78 | 129 | ||
Impaired Financing Receivable, Interest Income Recognized | 1 | 2 | 3 | 5 | ||
Residential First Mortgage [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 231 | 231 | $ 461 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 18 | 18 | 24 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 213 | 213 | 437 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 213 | 213 | 437 | ||
Impaired Financing Receivable, Related Allowance | $ 20 | $ 20 | $ 42 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 16.50% | 16.50% | 14.30% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 210 | 448 | $ 237 | 454 | ||
Impaired Financing Receivable, Interest Income Recognized | 2 | 4 | 6 | 12 | ||
Home Equity [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 219 | 219 | $ 261 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 2 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 218 | 218 | 259 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 218 | 218 | 259 | ||
Impaired Financing Receivable, Related Allowance | $ 6 | $ 6 | $ 5 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 3.20% | 3.20% | 2.70% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 222 | 275 | $ 238 | 285 | ||
Impaired Financing Receivable, Interest Income Recognized | 2 | 4 | 9 | 11 | ||
Consumer Credit Card Financing Receivable [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 1 | 1 | $ 1 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | 0 | 0 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 1 | 1 | 1 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 1 | 1 | 1 | ||
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 0.00% | 0.00% | 0.00% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 1 | 2 | $ 1 | 2 | ||
Impaired Financing Receivable, Interest Income Recognized | 0 | 0 | 0 | 0 | ||
Other consumer | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 6 | 6 | $ 9 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | 0 | 0 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 6 | 6 | 9 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 6 | 6 | 9 | ||
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 0.00% | 0.00% | 0.00% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 7 | 9 | $ 7 | 10 | ||
Impaired Financing Receivable, Interest Income Recognized | 0 | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 457 | 457 | $ 732 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 19 | 19 | 26 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 438 | 438 | 706 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 438 | 438 | 706 | ||
Impaired Financing Receivable, Related Allowance | $ 26 | $ 26 | $ 47 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 9.80% | 9.80% | 10.00% | ||
Impaired Financing Receivable, Average Recorded Investment | $ 440 | 734 | $ 483 | 751 | ||
Impaired Financing Receivable, Interest Income Recognized | 4 | $ 8 | 15 | $ 23 | ||
Non Accrual [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | 566 | 566 | $ 679 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 101 | 101 | 109 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 465 | 465 | 570 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 129 | 129 | 49 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 336 | 336 | 521 | ||
Impaired Financing Receivable, Related Allowance | $ 95 | $ 95 | $ 149 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 34.60% | 34.60% | 38.00% | ||
Non Accrual [Member] | Commercial And Industrial [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 420 | $ 420 | $ 480 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 79 | 79 | 80 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 341 | 341 | 400 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 110 | 110 | 29 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 231 | 231 | 371 | ||
Impaired Financing Receivable, Related Allowance | $ 65 | $ 65 | $ 103 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 34.30% | 34.30% | 38.10% | ||
Non Accrual [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 91 | $ 91 | $ 133 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 11 | 11 | 15 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 80 | 80 | 118 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 18 | 18 | 20 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 62 | 62 | 98 | ||
Impaired Financing Receivable, Related Allowance | $ 24 | $ 24 | $ 38 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 38.50% | 38.50% | 39.80% | ||
Non Accrual [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 9 | $ 9 | $ 7 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 1 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 8 | 8 | 6 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 1 | 1 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 7 | 7 | 6 | ||
Impaired Financing Receivable, Related Allowance | $ 3 | $ 3 | $ 3 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 44.40% | 44.40% | 57.10% | ||
Non Accrual [Member] | Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 520 | $ 520 | $ 620 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 91 | 91 | 96 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 429 | 429 | 524 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 129 | 129 | 49 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 300 | 300 | 475 | ||
Impaired Financing Receivable, Related Allowance | $ 92 | $ 92 | $ 144 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 35.20% | 35.20% | 38.70% | ||
Non Accrual [Member] | Commercial Investor Real Estate Mortgage [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 2 | $ 2 | $ 6 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | 0 | 1 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 2 | 2 | 5 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 2 | 2 | 5 | ||
Impaired Financing Receivable, Related Allowance | $ 1 | $ 1 | $ 2 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 50.00% | 50.00% | 50.00% | ||
Non Accrual [Member] | Commercial Investor Real Estate Construction [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 1 | ||||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | ||||
Impaired Financing Receivable, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, Related Allowance | $ 0 | |||||
Impaired Financing Receivable, Coverage Percentage | [4] | 0.00% | ||||
Non Accrual [Member] | Total Investor Real Estate [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 2 | $ 2 | $ 7 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | 0 | 1 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 2 | 2 | 6 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 2 | 2 | 6 | ||
Impaired Financing Receivable, Related Allowance | $ 1 | $ 1 | $ 2 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 50.00% | 50.00% | 42.90% | ||
Non Accrual [Member] | Residential First Mortgage [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 34 | $ 34 | $ 42 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 9 | 9 | 11 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 25 | 25 | 31 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 25 | 25 | 31 | ||
Impaired Financing Receivable, Related Allowance | $ 2 | $ 2 | $ 3 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 32.40% | 32.40% | 33.30% | ||
Non Accrual [Member] | Home Equity [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 10 | $ 10 | $ 10 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 1 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 9 | 9 | 9 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 9 | 9 | 9 | ||
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 10.00% | 10.00% | 10.00% | ||
Non Accrual [Member] | Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 44 | $ 44 | $ 52 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 10 | 10 | 12 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 34 | 34 | 40 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 34 | 34 | 40 | ||
Impaired Financing Receivable, Related Allowance | $ 2 | $ 2 | $ 3 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 27.30% | 27.30% | 28.80% | ||
Accrual [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 636 | $ 636 | $ 1,017 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 13 | 13 | 29 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 623 | 623 | 988 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 987 | ||||
Impaired Financing Receivable, Related Allowance | $ 55 | $ 55 | $ 77 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 10.70% | 10.70% | 10.40% | ||
Accrual [Member] | Commercial And Industrial [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 143 | $ 143 | $ 154 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 8 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 142 | 142 | 146 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 145 | ||||
Impaired Financing Receivable, Related Allowance | $ 24 | $ 24 | $ 19 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 17.50% | 17.50% | 17.50% | ||
Accrual [Member] | Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 30 | $ 30 | $ 90 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 2 | 2 | 5 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 28 | 28 | 85 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 85 | ||||
Impaired Financing Receivable, Related Allowance | $ 3 | $ 3 | $ 8 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 16.70% | 16.70% | 14.40% | ||
Accrual [Member] | Commercial Real Estate Construction - Owner-Occupied [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 1 | ||||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | ||||
Impaired Financing Receivable, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, Related Allowance | $ 0 | |||||
Impaired Financing Receivable, Coverage Percentage | [4] | 0.00% | ||||
Accrual [Member] | Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 173 | $ 173 | $ 245 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 3 | 3 | 13 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 170 | 170 | 232 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 231 | ||||
Impaired Financing Receivable, Related Allowance | $ 27 | $ 27 | $ 27 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 17.30% | 17.30% | 16.30% | ||
Accrual [Member] | Commercial Investor Real Estate Mortgage [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 50 | $ 50 | $ 63 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 2 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 49 | 49 | 61 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 61 | ||||
Impaired Financing Receivable, Related Allowance | $ 4 | $ 4 | $ 3 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 10.00% | 10.00% | 7.90% | ||
Accrual [Member] | Commercial Investor Real Estate Construction [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 29 | ||||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | ||||
Impaired Financing Receivable, Recorded Investment | [3] | 29 | ||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 29 | ||||
Impaired Financing Receivable, Related Allowance | $ 3 | |||||
Impaired Financing Receivable, Coverage Percentage | [4] | 10.30% | ||||
Accrual [Member] | Total Investor Real Estate [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 50 | $ 50 | $ 92 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 1 | 1 | 2 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 49 | 49 | 90 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 90 | ||||
Impaired Financing Receivable, Related Allowance | $ 4 | $ 4 | $ 6 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 10.00% | 10.00% | 8.70% | ||
Accrual [Member] | Residential First Mortgage [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 197 | $ 197 | $ 419 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 9 | 9 | 13 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 188 | 188 | 406 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 406 | ||||
Impaired Financing Receivable, Related Allowance | $ 18 | $ 18 | $ 39 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 13.70% | 13.70% | 12.40% | ||
Accrual [Member] | Home Equity [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 209 | $ 209 | $ 251 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | 0 | 1 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 209 | 209 | 250 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 250 | ||||
Impaired Financing Receivable, Related Allowance | $ 6 | $ 6 | $ 5 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 2.90% | 2.90% | 2.40% | ||
Accrual [Member] | Consumer Credit Card Financing Receivable [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 1 | $ 1 | $ 1 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | 0 | 0 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 1 | 1 | 1 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 1 | ||||
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 0.00% | 0.00% | 0.00% | ||
Accrual [Member] | Other consumer | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 6 | $ 6 | $ 9 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 0 | 0 | 0 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 6 | 6 | 9 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 9 | ||||
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 0.00% | 0.00% | 0.00% | ||
Accrual [Member] | Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | [1] | $ 413 | $ 413 | $ 680 | ||
Impaired Financing Receivable Chargeoffs And Payments Applied | [2] | 9 | 9 | 14 | ||
Impaired Financing Receivable, Recorded Investment | [3] | 404 | 404 | 666 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | [3] | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | [3] | 666 | ||||
Impaired Financing Receivable, Related Allowance | $ 24 | $ 24 | $ 44 | |||
Impaired Financing Receivable, Coverage Percentage | [4] | 8.00% | 8.00% | 8.50% | ||
[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 C_8
Loans and the Allowance for Credit Losses (Loans By Class Modified In TDR) (Details) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($)obligor | Sep. 30, 2017USD ($)obligor | Sep. 30, 2018USD ($)obligor | Sep. 30, 2017USD ($)obligor | |
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 155 | 204 | 466 | 689 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 137 | $ 245 | $ 441 | $ 755 |
Increase in Allowance at Modification | $ 3 | $ 6 | $ 10 | $ 21 |
Commercial And Industrial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 27 | 37 | 82 | 106 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 94 | $ 157 | $ 308 | $ 449 |
Increase in Allowance at Modification | $ 1 | $ 2 | $ 4 | $ 9 |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 16 | 33 | 54 | 94 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 13 | $ 32 | $ 37 | $ 97 |
Increase in Allowance at Modification | $ 0 | $ 1 | $ 0 | $ 3 |
Commercial Real Estate Construction - Owner-Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 3 | |||
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 2 | |||
Increase in Allowance at Modification | $ 0 | |||
Commercial investor real estate mortgage [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 5 | 8 | 20 | 33 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 16 | $ 45 | $ 65 | $ 93 |
Increase in Allowance at Modification | $ 1 | $ 2 | $ 3 | $ 3 |
Commercial Investor Real Estate Construction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 5 | |||
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 70 | |||
Increase in Allowance at Modification | $ 2 | |||
Residential First Mortgage [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 43 | 67 | 141 | 168 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 11 | $ 9 | $ 25 | $ 34 |
Increase in Allowance at Modification | $ 1 | $ 1 | $ 3 | $ 4 |
Home Equity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 28 | 10 | 75 | 101 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 2 | $ 1 | $ 5 | $ 8 |
Increase in Allowance at Modification | $ 0 | $ 0 | $ 0 | $ 0 |
Consumer Credit Card Financing Receivable [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 14 | 11 | 39 | 54 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Increase in Allowance at Modification | $ 0 | $ 0 | $ 0 | $ 0 |
Indirect-vehicles and other consumer [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 22 | 38 | 55 | 125 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 1 | $ 1 | $ 1 | $ 2 |
Increase in Allowance at Modification | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 43 | 70 | 136 | 203 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 107 | $ 189 | $ 345 | $ 548 |
Increase in Allowance at Modification | $ 1 | $ 3 | $ 4 | $ 12 |
Total Investor Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 5 | 8 | 20 | 38 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 16 | $ 45 | $ 65 | $ 163 |
Increase in Allowance at Modification | $ 1 | $ 2 | $ 3 | $ 5 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Obligors | obligor | 107 | 126 | 310 | 448 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 14 | $ 11 | $ 31 | $ 44 |
Increase in Allowance at Modification | $ 1 | $ 1 | $ 3 | $ 4 |
Loans and the Allowance for C_9
Loans and the Allowance for Credit Losses (Loans Modified In Past Twelve Months Which Subsequently Defaulted) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 6 | $ 3 | $ 32 | $ 17 |
Commercial And Industrial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 4 | 1 | 25 | 9 |
Commercial Real Estate Mortgage - Owner-Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 1 | 1 | 1 |
Residential First Mortgage [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 2 | 1 | 6 | 6 |
Home Equity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 1 |
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 4 | 2 | 26 | 10 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 2 | $ 1 | $ 6 | $ 7 |
Loans and the Allowance for _10
Loans and the Allowance for Credit Losses (Narrative) (Details) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($)decimal | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amount of loans first reported as new TDRs | $ 330 | $ 456 | ||
Re-Defaulted Commercial And Investor Real Estate Loans Modified In Tdr During Period And On Non Accrual Status | $ 66 | |||
Re-Defaulted Commercial And Investor Real Estate Loans Modified In Tdr During Period And On Non Accrual Status And 90 days or more Past Due | decimal | 0.39 | |||
Total Restructured Binding Unfunded Commitment | $ 8 | 8 | ||
Federal Home Loan Bank [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Pledged loans | 22,000 | 22,000 | ||
Federal Reserve Bank [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Pledged loans | 24,100 | 24,100 | ||
Indirect-other consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
loans purchased | $ 188 | $ 6 | $ 403 | $ 153 |
Residential First Mortgage [Member] | Minimum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing period for consumer loans, in years | 15 years | |||
Residential First Mortgage [Member] | Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing period for consumer loans, in years | 30 years |
Servicing of Financial Assets_2
Servicing of Financial Assets (Analysis Of Residential Mortgage Servicing Rights Under The Fair Value Measurement Method) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Servicing Asset at Fair Value, Amount [Roll Forward] | |||||
Carrying value, beginning of period | $ 362 | $ 346 | $ 336 | $ 324 | |
Additions | 50 | 10 | 67 | 56 | |
Increase (decrease) in fair value, due to change in valuation inputs or assumptions | 6 | (9) | 38 | (12) | |
Increase (decrease) in fair value, economic amortization associated with borrower repayments | [1] | (12) | (12) | (35) | (33) |
Carrying value, end of period | $ 406 | $ 335 | $ 406 | $ 335 | |
[1] | "Economic amortization associated with borrower repayments" includes both total loan payoffs as well as partial paydowns. |
Servicing of Financial Assets_3
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 Residential Mortgage Servicing Rights) (Details) $ in Millions | 9 Months Ended | |
Sep. 30, 2018USD ($)basis_point | Sep. 30, 2017USD ($)basis_point | |
Servicing Assets at Fair Value [Line Items] | ||
Unpaid principal balance | $ 34,142 | $ 32,586 |
Weighted-average prepayment speed (CPR; percentage) | 8.30% | 10.00% |
Estimated impact on fair value of a 10% increase in prepayment speed | $ (23) | $ (22) |
Estimated impact on fair value of a 20% increase in prepayment speed | $ (44) | $ (40) |
Option-adjusted spread (basis points) | basis_point | 802 | 860 |
Estimated impact on fair value of a 10% increase in other assumptions | $ (13) | $ (11) |
Estimated impact on fair value of a 20% increase in other assumptions | $ (26) | $ (23) |
Weighted-average coupon interest rate | 4.10% | 4.10% |
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Weighted Average Life | 280 months | 281 months |
Weighted Average Servicing Fee Basis Points | basis_point | 27.3 | 27.4 |
Servicing of Financial Assets_4
Servicing of Financial Assets (Schedule Of Fees Resulting From The Servicing Of Mortgage Loans) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Residential Mortgage [Member] | ||||
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items] | ||||
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | $ 24 | $ 24 | $ 70 | $ 71 |
Servicing of Financial Assets_5
Servicing of Financial Assets (Narrative) (Details) - USD ($) $ in Millions | Jul. 31, 2018 | Apr. 28, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 |
Servicing Assets at Fair Value [Line Items] | |||||
Unpaid Principal Balance of Outstanding Underlying MSRs Purchased | $ 3,400 | $ 2,700 | |||
Payments to Acquire Mortgage Servicing Rights (MSR) | $ 42 | $ 30 | $ 37 | $ 40 | |
Unpaid principal balance | 34,142 | $ 32,586 | |||
DUS Portfolio [Member] | |||||
Servicing Assets at Fair Value [Line Items] | |||||
Unpaid principal balance | 3,200 | $ 2,900 | |||
Commercial Real Estate [Member] | |||||
Servicing Assets at Fair Value [Line Items] | |||||
Servicing Asset at Amortized Cost | 52 | 48 | |||
Loss Share Guarantee | $ 4 | $ 4 |
Goodwill (Schedule of Goodwill)
Goodwill (Schedule of Goodwill) (Details) $ in Millions | 9 Months Ended | |
Sep. 30, 2018USD ($)unit | Dec. 31, 2017USD ($) | |
Goodwill [Line Items] | ||
Goodwill | $ 4,829 | $ 4,904 |
Number of reporting units | unit | 3 | |
Corporate Bank [Member] | ||
Goodwill [Line Items] | ||
Goodwill | $ 2,474 | 2,474 |
Consumer Bank [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 1,978 | 1,978 |
Wealth Management [Member] | ||
Goodwill [Line Items] | ||
Goodwill | $ 377 | $ 452 |
Preferred Stock Issuances (Deta
Preferred Stock Issuances (Details) - USD ($) $ in Millions | 9 Months Ended | 120 Months Ended | ||
Sep. 30, 2018 | Sep. 15, 2024 | Dec. 31, 2017 | ||
Class of Stock [Line Items] | ||||
Preferred Stock, Liquidation Preference, Value | $ 1,000 | |||
Preferred Stock, Carrying Amount | $ 820 | $ 820 | ||
Series A Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred Stock, Dividend Rate, Percentage | 6.375% | |||
Preferred Stock, Liquidation Preference, Value | $ 500 | |||
Preferred Stock, Carrying Amount | $ 387 | 387 | ||
Series B Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred Stock, Dividend Rate, Percentage | [1] | 6.375% | ||
Preferred Stock, Liquidation Preference, Value | $ 500 | |||
Preferred Stock, Carrying Amount | $ 433 | $ 433 | ||
Forecast [Member] | Series B Preferred Stock Dividend Scenario 1 [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred Stock, Dividend Rate, Percentage | 6.375% | |||
Plus 3-Month LIBOR [Member] | Forecast [Member] | Series B Preferred Stock Dividend Scenario 2 [Member] | ||||
Class of Stock [Line Items] | ||||
Preferred Stock, Dividend Rate, Basis Spread on Variable Rate, Percentage | 3.536% | |||
[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 C
Schedule of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | $ (1,255) | $ (479) | $ (749) | $ (550) |
Other comprehensive income (loss), net of tax | (139) | 25 | (645) | 96 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | (1,394) | (454) | (1,394) | (454) |
Accumulated Net Unrealized Loss on Held To Maturity Securities [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | (30) | (30) | (33) | (33) |
Other comprehensive income (loss), net of tax | 2 | 1 | 5 | 4 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | (28) | (29) | (28) | (29) |
Accumulated Net Unrealized Securities Available For Sale Gain (Loss) [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | (530) | (55) | (153) | (106) |
Other comprehensive income (loss), net of tax | (102) | 21 | (479) | 72 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | (632) | (34) | (632) | (34) |
Accumulated Net Gain (Loss) from Derivative Instruments Designated as Cash Flow Hedges [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | (197) | 11 | (51) | 11 |
Other comprehensive income (loss), net of tax | (44) | (4) | (190) | (4) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | (241) | 7 | (241) | 7 |
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period Start | (498) | (405) | (512) | (422) |
Other comprehensive income (loss), net of tax | 5 | 7 | 19 | 24 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Period End | $ (493) | $ (398) | $ (493) | $ (398) |
Reclassification from Accumulat
Reclassification from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Interest Income (Expense), Net | $ 942 | $ 897 | $ 2,777 | $ 2,638 | |
Other Noninterest Expense | (286) | (217) | (746) | (673) | |
Income tax (expense) benefit | (85) | (138) | (302) | (398) | |
Net income | 564 | 311 | 1,353 | 928 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Net income | [1] | (9) | 4 | (14) | 17 |
Accumulated Net Unrealized Loss on Held To Maturity Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Interest Income (Expense), Net | [1] | (3) | (2) | (7) | (7) |
Income tax (expense) benefit | [1] | 1 | 1 | 2 | 3 |
Net income | [1] | (2) | (1) | (5) | (4) |
Accumulated Net Unrealized Securities Available For Sale Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Securities gains (losses), net | [1] | (1) | 4 | 0 | 5 |
Income tax (expense) benefit | [1] | 0 | (2) | 0 | (2) |
Net income | [1] | (1) | 2 | 0 | 3 |
Accumulated Net Gain (Loss) from Derivative Instruments Designated as Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Interest Income (Expense), Net | [1] | 0 | 17 | 16 | 70 |
Income tax (expense) benefit | [1] | 0 | (7) | (4) | (27) |
Net income | [1] | 0 | 10 | 12 | 43 |
Accumulated Defined Benefit Plans Adjustment, Net Unamortized Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Other Noninterest Expense | [1],[2] | (8) | (11) | (27) | (39) |
Accumulated Defined Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Other Noninterest Expense | [1] | (8) | (11) | (27) | (39) |
Income tax (expense) benefit | [1] | 2 | 4 | 6 | 14 |
Net income | [1] | $ (6) | $ (7) | $ (21) | $ (25) |
[1] | (1) Amounts in parentheses indicate reductions to net income. | ||||
[2] | (2) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost and is included in other non-interest expense on the consolidated statements of income (see Note 9 for additional details). |
Stockholders' Equity And Accu_3
Stockholders' Equity And Accumulated Other Comprehensive Income (Loss) (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions | Nov. 06, 2018 | Oct. 24, 2018 | Aug. 27, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Jun. 30, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 15, 2024 | Jun. 28, 2018 | Dec. 15, 2017 | Jun. 28, 2017 | |
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Dividends, Preferred Stock | $ 48,000,000 | $ 48,000,000 | |||||||||||||||
Cash dividend declared (in dollars per share) | $ 0.14 | $ 0.09 | $ 0.09 | $ 0.09 | $ 0.07 | $ 0.065 | $ 0.32 | $ 0.225 | |||||||||
Stock repurchase plan, authorized amount | $ 2,031,000,000 | $ 1,470,000,000 | |||||||||||||||
Stock Repurchased and Retired During Period, Shares | 29.1 | 59.6 | 90.6 | ||||||||||||||
Payments for Repurchase of Common Stock | $ 1,752,000,000 | $ 775,000,000 | |||||||||||||||
ValueofTotalCommonStockRepurchasedUnderCurrentProgram | $ 1,300,000,000 | $ 1,470,000,000 | $ 1,470,000,000 | $ 1,300,000,000 | |||||||||||||
Value of Common Stock Repurchased under Contractual Repurchase Agreement | $ 700,000,000 | ||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Stock Repurchased and Retired During Period, Shares | 25.3 | 8.8 | |||||||||||||||
Payments for Repurchase of Common Stock | $ 274,500,000 | ||||||||||||||||
Series B Preferred Stock Dividend Scenario 1 [Member] | Forecast [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Preferred Stock, Dividend Rate, Percentage | 6.375% | ||||||||||||||||
Series B Preferred Stock Dividend Scenario 2 [Member] | Forecast [Member] | Plus 3-Month LIBOR [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Preferred Stock, Dividend Rate, Basis Spread on Variable Rate, Percentage | 3.536% | ||||||||||||||||
Series A Preferred Stock [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Preferred Stock, Dividend Rate, Percentage | 6.375% | ||||||||||||||||
Dividends, Preferred Stock | $ 24,000,000 | 24,000,000 | |||||||||||||||
ExcessofRedemptionAmountOverCarryingAmount | $ 113,000,000 | ||||||||||||||||
PreferredDividendsReductiontoRetainedEarningsatRedemption | 100,000,000 | ||||||||||||||||
PreferredStockIssuanceCostsReductiontoNetIncome | $ 13,000,000 | ||||||||||||||||
Series A Preferred Stock [Member] | Debt Instrument, Redemption, Period One [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Preferred Stock, Redemption Terms | 90 days | ||||||||||||||||
Series B Preferred Stock [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Preferred Stock, Dividend Rate, Percentage | [1] | 6.375% | |||||||||||||||
Dividends, Preferred Stock | $ 24,000,000 | $ 24,000,000 | |||||||||||||||
Series B Preferred Stock [Member] | Forecast [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
ExcessofRedemptionAmountOverCarryingAmount | $ 67,000,000 | ||||||||||||||||
PreferredDividendsReductiontoRetainedEarningsatRedemption | 52,000,000 | ||||||||||||||||
PreferredStockIssuanceCostsReductiontoNetIncome | $ 15,000,000 | ||||||||||||||||
Preferred Stock [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Preferred Stock, liquidation preference per share (in dollars per share) | $ 1,000 | $ 1,000 | |||||||||||||||
Preferred Stock [Member] | Depositary Shares [Member] | |||||||||||||||||
Stockholders' Equity And Comprehensive Income (Loss) [Line Items] | |||||||||||||||||
Preferred Stock, liquidation preference per share (in dollars per share) | $ 25 | $ 25 | |||||||||||||||
[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%. |
Earnings (Loss) Per Common Sh_3
Earnings (Loss) Per Common Share (Computation Of Basic And Diluted Earnings (Loss) Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Numerator: | |||||
Income from continuing operations | $ 370 | $ 312 | $ 1,162 | $ 921 | |
Preferred stock dividends | (16) | (16) | (48) | (48) | |
Net income from continuing operations available to common shareholders | 354 | 296 | 1,114 | 873 | |
Income (loss) from discontinued operations, net of tax | 194 | (1) | 191 | 7 | |
Net income available to common shareholders | $ 548 | $ 295 | $ 1,305 | $ 880 | |
Denominator: | |||||
Weighted-average common shares outstanding—basic (in shares) | 1,086 | 1,182 | 1,111 | 1,197 | |
Potential common shares (in shares) | 9 | 11 | 10 | 12 | |
Weighted-average common shares outstanding—diluted (in shares) | 1,095 | 1,193 | 1,121 | 1,209 | |
Earnings per common share from continuing operations: | |||||
Basic (in dollars per share) | [1] | $ 0.33 | $ 0.25 | $ 1 | $ 0.73 |
Diluted (in dollars per share) | [1] | 0.32 | 0.25 | 0.99 | 0.72 |
Earning (Loss) Per Common Share From Discontinued Operations: | |||||
Basic (in dollars per share) | [1] | 0.18 | 0 | 0.17 | 0.01 |
Diluted (in dollars per share) | [1] | 0.18 | 0 | 0.17 | 0.01 |
Earnings per common share: | |||||
Basic (in dollars per share) | [1] | 0.50 | 0.25 | 1.18 | 0.74 |
Diluted (in dollars per share) | [1] | $ 0.50 | $ 0.25 | $ 1.16 | $ 0.73 |
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares) | 5 | 14 | 6 | 15 | |
[1] | Certain per share amounts may not appear to reconcile due to rounding. |
Pension and Other Postretirem_3
Pension and Other Postretirement Benefits (Schedule of Net Periodic Pension Cost) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Service Cost | $ 7 | $ 9 | $ 28 | $ 28 | |
Interest Cost | 20 | 19 | 57 | 57 | |
Expected Return on Plan Assets | (38) | (35) | (115) | (106) | |
Amortization of Actuarial Loss | 8 | 9 | 27 | 27 | |
Settlement Charge | 0 | 2 | 0 | 12 | |
Net Periodic Pension Cost (Credit) | (3) | 4 | (3) | 18 | |
Contributions by Employer | $ 100 | 75 | |||
Qualified Plans [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Service Cost | 7 | 8 | 26 | 25 | |
Interest Cost | 18 | 18 | 53 | 54 | |
Expected Return on Plan Assets | (38) | (35) | (115) | (106) | |
Amortization of Actuarial Loss | 7 | 8 | 23 | 24 | |
Settlement Charge | 0 | 0 | 0 | 0 | |
Net Periodic Pension Cost (Credit) | (6) | (1) | (13) | (3) | |
Nonqualified Plans [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Service Cost | 0 | 1 | 2 | 3 | |
Interest Cost | 2 | 1 | 4 | 3 | |
Expected Return on Plan Assets | 0 | 0 | 0 | 0 | |
Amortization of Actuarial Loss | 1 | 1 | 4 | 3 | |
Settlement Charge | 0 | 2 | 0 | 12 | |
Net Periodic Pension Cost (Credit) | $ 3 | $ 5 | $ 10 | $ 21 |
Derivative Financial Instrume_3
Derivative Financial Instruments and Hedging Activities (Schedule of Derivative Instruments Notional and Fair Value) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 | |
Derivatives, Fair Value [Line Items] | |||
Notional Amount | $ 91,906 | $ 81,449 | |
Estimated Fair Value, Gain | [1] | 269 | 394 |
Estimated Fair Value, Loss | [1] | 430 | 641 |
Derivative Asset, Fair Value of Derivative Contracts Offset in Accordance with Policy Election that were Offset Under Master Netting Agreements | 97 | 107 | |
Derivative Liability, Fair Value of Derivative Contracts Offset In Accordance with Policy Election that were Offset Under Master Netting Agreements | 97 | 107 | |
Derivative Asset, Collateral, Obligation to Return Cash, Offset | 60 | 34 | |
Derivative Liability, Collateral, Right to Reclaim Cash, Offset | 107 | 131 | |
Derivative Assets | [2] | 112 | 253 |
Derivative Liabilities | [2] | 226 | 403 |
Derivative, Collateral, Right to Reclaim Securities | 24 | 50 | |
Derivative, Collateral, Right to Reclaim Cash | 257 | ||
Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 12,231 | 9,885 | |
Estimated Fair Value, Gain | [1] | 23 | 6 |
Estimated Fair Value, Loss | [1] | 231 | |
Not Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 79,675 | 71,564 | |
Estimated Fair Value, Gain | [1] | 246 | 388 |
Estimated Fair Value, Loss | [1] | 430 | 410 |
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 45,002 | 40,841 | |
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Gain | [1] | 123 | 308 |
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Loss | [1] | 324 | 342 |
Interest Rate Options [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 6,873 | 4,598 | |
Interest Rate Options [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Gain | [1] | 40 | 23 |
Interest Rate Options [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Loss | [1] | 30 | 15 |
Interest Rate Futures And Forward Commitments [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 20,611 | 20,404 | |
Interest Rate Futures And Forward Commitments [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Gain | [1] | 7 | 6 |
Interest Rate Futures And Forward Commitments [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Loss | [1] | 5 | 5 |
Other Contract [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 7,189 | 5,721 | |
Other Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Gain | [1] | 76 | 51 |
Other Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Loss | [1] | 71 | 48 |
Fair Value Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 3,231 | 3,060 | |
Fair Value Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Gain | [1] | 1 | |
Fair Value Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Loss | [1] | 43 | |
Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 7,000 | 6,825 | |
Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Gain | [1] | 5 | |
Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Loss | [1] | $ 188 | |
Cash Flow Hedging [Member] | Interest Rate Floor [Member] | Designated as Hedging Instrument [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amount | 2,000 | ||
Cash Flow Hedging [Member] | Interest Rate Floor [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Estimated Fair Value, Gain | [1],[3] | $ 23 | |
[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. There is no fair value presented for contracts that are characterized as settled daily. | ||
[2] | As of September 30, 2018, financial instruments posted of $24 million were not offset in the consolidated balance sheets. As of December 31, 2017, cash collateral posted of $257 million and financial instruments posted of $50 million were not offset in the consolidated balance sheets. | ||
[3] | Estimated fair value includes premium and change in fair value of the interest rate floors. |
Derivative Financial Instrume_4
Derivative Financial Instruments And Hedging Activities (Schedule Of The Effect Of Derivative Instruments On The Statements Of Operations) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Debt securities - taxable | $ 155 | $ 148 | $ 465 | $ 445 | |
Loans, including fees | 919 | 827 | 2,651 | 2,401 | |
Deposits | 64 | 42 | 170 | 114 | |
Long-term borrowings | 84 | 53 | 229 | 153 | |
Other | 286 | 217 | 746 | 673 | |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Taxable Debt Securities in Interest Income [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Amounts Related to Interest Settlements on Derivatives | 0 | (1) | (1) | (3) | |
Gain or (Loss) Recognized in Income on Derivatives | 0 | 0 | 5 | 0 | |
Gain or (Loss) Recognized in Income on Related Hedged Item | 0 | 0 | (5) | 0 | |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | 0 | (1) | (1) | (3) | |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Loans Including Fees in Interest Income [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Amounts Related to Interest Settlements on Derivatives | 0 | 0 | 0 | 0 | |
Gain or (Loss) Recognized in Income on Derivatives | 0 | 0 | 0 | 0 | |
Gain or (Loss) Recognized in Income on Related Hedged Item | 0 | 0 | 0 | 0 | |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | 0 | 0 | 0 | 0 | |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Deposits in Interest Expense [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Amounts Related to Interest Settlements on Derivatives | 0 | 0 | 0 | 0 | |
Gain or (Loss) Recognized in Income on Derivatives | 0 | 0 | 0 | 0 | |
Gain or (Loss) Recognized in Income on Related Hedged Item | 0 | 0 | 0 | 0 | |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | 0 | 0 | 0 | 0 | |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Long-term Borrowings In Interest Expense [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Amounts Related to Interest Settlements on Derivatives | (5) | 0 | (10) | 2 | |
Gain or (Loss) Recognized in Income on Derivatives | (6) | 0 | (47) | 0 | |
Gain or (Loss) Recognized in Income on Related Hedged Item | 5 | 0 | 45 | 0 | |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | (6) | 0 | (12) | 2 | |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Other in Non-Interest Expense [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Amounts Related to Interest Settlements on Derivatives | 0 | 0 | 0 | 0 | |
Gain or (Loss) Recognized in Income on Derivatives | 0 | (6) | 0 | (3) | |
Gain or (Loss) Recognized in Income on Related Hedged Item | 0 | 6 | 0 | 3 | |
Gain (Loss) on Fair Value Hedges Recognized in Earnings | 0 | 0 | 0 | 0 | |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Taxable Debt Securities in Interest Income [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Gain or (Loss) Reclassified from AOCI into Income | [1] | 0 | 0 | 0 | 0 |
Net Income (Expense) Recognized on Cash Flow Hedges | [2] | 0 | 0 | 0 | 0 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Loans Including Fees in Interest Income [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Gain or (Loss) Reclassified from AOCI into Income | [1] | 0 | 17 | 16 | 70 |
Net Income (Expense) Recognized on Cash Flow Hedges | [2] | 0 | 17 | 16 | 70 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Deposits in Interest Expense [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Gain or (Loss) Reclassified from AOCI into Income | [1] | 0 | 0 | 0 | 0 |
Net Income (Expense) Recognized on Cash Flow Hedges | [2] | 0 | 0 | 0 | 0 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Long-term Borrowings In Interest Expense [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Gain or (Loss) Reclassified from AOCI into Income | [1] | 0 | 0 | 0 | 0 |
Net Income (Expense) Recognized on Cash Flow Hedges | [2] | 0 | 0 | 0 | 0 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Other in Non-Interest Expense [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Gain or (Loss) Reclassified from AOCI into Income | [1] | 0 | 0 | 0 | 0 |
Net Income (Expense) Recognized on Cash Flow Hedges | [2] | $ 0 | $ 0 | $ 0 | $ 0 |
[1] | Pre-tax | ||||
[2] | See Note 7 for gain or (loss) recognized for cash flow hedges in AOCI. |
Derivative Financial Instrume_5
Derivative Financial Instruments and Hedging Activities (Schedule of Fair Value Hedging Basis Adjustments) (Details) $ in Millions | Sep. 30, 2018USD ($) |
Designated as Hedging Item [Member] | Debt Available-for-sale Securities [Member] | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |
Hedged Asset, Fair Value Hedge | $ 83 |
Hedge Asset, Fair Value Hedge, Cumulative Increase (Decrease) | (2) |
Designated as Hedging Item [Member] | Long-term Debt [Member] | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |
Hedged Liability, Fair Value Hedge | (3,056) |
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) | 97 |
Not Designated as Hedging Item [Member] | Debt Available-for-sale Securities [Member] | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |
Hedged Asset, Fair Value Hedge | 605 |
Hedge Asset, Fair Value Hedge, Cumulative Increase (Decrease) | 4 |
Not Designated as Hedging Item [Member] | Long-term Debt [Member] | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |
Hedged Liability, Fair Value Hedge | 0 |
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) | $ 0 |
Derivative Financial Instrume_6
Derivative Financial Instruments and Hedging Activities (Schedule of Gains (Losses) Recognized Related to Derivatives Not Designated as Hedging Instruments) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | $ 3 | $ 23 | $ 9 | $ 27 |
Capital markets income | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 12 | 22 | 43 | 28 |
Capital markets income | Interest Rate Swaps [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 5 | 3 | 17 | 9 |
Capital markets income | Interest Rate Options [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 6 | 9 | 19 | 19 |
Capital markets income | Interest Rate Futures And Forward Commitments [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 1 | 1 | 3 | 6 |
Capital markets income | Other Contract [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | 0 | 9 | 4 | (6) |
Mortgage Income [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | (9) | 1 | (34) | (1) |
Mortgage Income [Member] | Interest Rate Swaps [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | (9) | 1 | (33) | 7 |
Mortgage Income [Member] | Interest Rate Options [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | (4) | (2) | (1) | (3) |
Mortgage Income [Member] | Interest Rate Futures And Forward Commitments [Member] | ||||
Derivative [Line Items] | ||||
Gain or (Loss) of Derivatives Not Designated as Hedging Instruments | $ 4 | $ 2 | $ 0 | $ (5) |
Derivative Financial Instrume_7
Derivative Financial Instruments And Hedging Activities (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||||
Terminated Cash Flow Hedge Unrealized Gain (Loss) To Be Reclassified From OCI, After Tax Amount | $ 55 | $ 130 | |||
Cash Flow Hedge Pre Tax Income (Loss) | $ 10 | $ 16 | 39 | $ 53 | |
Cash flow hedge gain (loss) expected to be reclassified from AOCI into earnings within the next 12 months | 34 | ||||
Pre-tax net income related to amortization of discontinued cash flow hedges | $ 18 | ||||
Maximum Length of Time Hedged in Cash Flow Hedge | 7 years | ||||
Derivative, Notional Amount | 91,906 | $ 91,906 | $ 81,449 | ||
Credit risk, defined as all positive exposures not collateralized | 102 | 102 | 251 | ||
Maximum potential future exposure on swap participations | 488 | 488 | |||
Aggregate fair value of all derivative instruments with credit risk | 66 | 66 | 91 | ||
Posted collateral related to derivative instruments with credit risk | 66 | 66 | 90 | ||
Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||||
Derivative, Notional Amount | 79,675 | 79,675 | 71,564 | ||
Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||||
Derivative, Notional Amount | 318 | 318 | 197 | ||
Forward Sale Commitments [Member] | Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||||
Derivative, Notional Amount | 569 | 569 | 481 | ||
Forward Rate Commitments and Futures Contracts [Member] | Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||||
Derivative, Notional Amount | $ 5,300 | $ 5,300 | $ 4,800 |
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 ($) $ in Millions | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | $ 22,671 | $ 23,403 | |||||
Marketable Equity Securities | 475 | 414 | |||||
Residential mortgage servicing rights | 406 | $ 362 | 336 | $ 335 | $ 346 | $ 324 | |
Derivative Assets | [1] | 112 | 253 | ||||
Derivative Liabilities | [1] | 226 | 403 | ||||
Loans held for sale | 293 | 325 | |||||
Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 22,671 | 23,403 | |||||
Loans Held for Sale | 293 | 325 | |||||
Marketable Equity Securities | [2] | 475 | 414 | ||||
Residential mortgage servicing rights | 406 | 336 | |||||
Derivative Assets | 269 | 394 | |||||
Derivative Liabilities | 430 | 641 | |||||
Nonrecurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Loans held for sale | 18 | 20 | |||||
Equity Investments without a Readily Determinable Fair Value | [3] | 19 | 0 | ||||
Foreclosed property and other real estate | 19 | 33 | |||||
Level 1 [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 276 | 331 | |||||
Derivative Assets | 1 | 2 | |||||
Derivative Liabilities | 1 | 2 | |||||
Loans held for sale | 0 | 0 | |||||
Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 276 | 331 | |||||
Loans Held for Sale | 0 | 0 | |||||
Marketable Equity Securities | [2] | 475 | 414 | ||||
Residential mortgage servicing rights | 0 | 0 | |||||
Derivative Assets | 1 | 2 | |||||
Derivative Liabilities | 1 | 2 | |||||
Level 1 [Member] | Nonrecurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Loans held for sale | 0 | 0 | |||||
Equity Investments without a Readily Determinable Fair Value | [3] | 0 | 0 | ||||
Foreclosed property and other real estate | 0 | 0 | |||||
Level 2 [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 22,390 | 23,066 | |||||
Derivative Assets | 261 | 387 | |||||
Derivative Liabilities | 428 | 639 | |||||
Loans held for sale | 309 | 328 | |||||
Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 22,390 | 23,066 | |||||
Loans Held for Sale | 293 | 325 | |||||
Marketable Equity Securities | [2] | 0 | 0 | ||||
Residential mortgage servicing rights | 0 | 0 | |||||
Derivative Assets | 261 | 387 | |||||
Derivative Liabilities | 428 | 639 | |||||
Level 2 [Member] | Nonrecurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Loans held for sale | 0 | 0 | |||||
Equity Investments without a Readily Determinable Fair Value | [3] | 0 | 0 | ||||
Foreclosed property and other real estate | 17 | 24 | |||||
Level 3 [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 5 | 6 | |||||
Derivative Assets | 7 | 5 | |||||
Derivative Liabilities | 1 | 0 | |||||
Loans held for sale | 22 | 20 | |||||
Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | 5 | 6 | ||||
Loans Held for Sale | [4] | 0 | 0 | ||||
Marketable Equity Securities | [2],[4] | 0 | 0 | ||||
Residential mortgage servicing rights | [4] | 406 | 336 | ||||
Derivative Assets | [4] | 7 | 5 | ||||
Derivative Liabilities | [4] | 1 | 0 | ||||
Level 3 [Member] | Nonrecurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Loans held for sale | [4] | 18 | 20 | ||||
Equity Investments without a Readily Determinable Fair Value | [3],[4] | 19 | 0 | ||||
Foreclosed property and other real estate | [4] | 2 | 9 | ||||
Interest Rate Swaps [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 123 | 314 | |||||
Derivative Liabilities | 324 | 573 | |||||
Interest Rate Swaps [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 0 | 0 | |||||
Derivative Liabilities | 0 | 0 | |||||
Interest Rate Swaps [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 123 | 314 | |||||
Derivative Liabilities | 324 | 573 | |||||
Interest Rate Swaps [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | [4] | 0 | 0 | ||||
Derivative Liabilities | [4] | 0 | 0 | ||||
Interest Rate Options [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 63 | 23 | |||||
Derivative Liabilities | 30 | 15 | |||||
Interest Rate Options [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 0 | 0 | |||||
Derivative Liabilities | 0 | 0 | |||||
Interest Rate Options [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 56 | 18 | |||||
Derivative Liabilities | 30 | 15 | |||||
Interest Rate Options [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | [4] | 7 | 5 | ||||
Derivative Liabilities | [4] | 0 | 0 | ||||
Interest Rate Futures And Forward Commitments [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 7 | 6 | |||||
Derivative Liabilities | 5 | 5 | |||||
Interest Rate Futures And Forward Commitments [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 0 | 0 | |||||
Derivative Liabilities | 0 | 0 | |||||
Interest Rate Futures And Forward Commitments [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 7 | 6 | |||||
Derivative Liabilities | 5 | 5 | |||||
Interest Rate Futures And Forward Commitments [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | [4] | 0 | 0 | ||||
Derivative Liabilities | [4] | 0 | 0 | ||||
Other Contract [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 76 | 51 | |||||
Derivative Liabilities | 71 | 48 | |||||
Other Contract [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 1 | 2 | |||||
Derivative Liabilities | 1 | 2 | |||||
Other Contract [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | 75 | 49 | |||||
Derivative Liabilities | 69 | 46 | |||||
Other Contract [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Derivative Assets | [4] | 0 | 0 | ||||
Derivative Liabilities | [4] | 1 | 0 | ||||
US Treasury Securities [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 276 | 331 | |||||
US Treasury Securities [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 276 | 331 | |||||
US Treasury Securities [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 276 | 331 | |||||
US Treasury Securities [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
US Treasury Securities [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | 0 | 0 | ||||
Federal Agency Securities [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 46 | 28 | |||||
Federal Agency Securities [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
Federal Agency Securities [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 46 | 28 | |||||
Federal Agency Securities [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | 0 | 0 | ||||
Residential Agency [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 16,669 | 17,431 | |||||
Residential Agency [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 16,669 | 17,431 | |||||
Residential Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
Residential Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 16,669 | 17,431 | |||||
Residential Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | 0 | 0 | ||||
Residential Non-Agency [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 2 | 3 | |||||
Residential Non-Agency [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 2 | 3 | |||||
Residential Non-Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
Residential Non-Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
Residential Non-Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | 2 | 3 | ||||
Commercial Agency [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 3,775 | 3,714 | |||||
Commercial Agency [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 3,775 | 3,714 | |||||
Commercial Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
Commercial Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 3,775 | 3,714 | |||||
Commercial Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | 0 | 0 | ||||
Commercial Non-Agency [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 773 | 788 | |||||
Commercial Non-Agency [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 773 | 788 | |||||
Commercial Non-Agency [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
Commercial Non-Agency [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 773 | 788 | |||||
Commercial Non-Agency [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | 0 | 0 | ||||
Corporate and other debt securities [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 1,130 | 1,108 | |||||
Corporate and other debt securities [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 1,130 | 1,108 | |||||
Corporate and other debt securities [Member] | Level 1 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 0 | 0 | |||||
Corporate and other debt securities [Member] | Level 2 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | 1,127 | 1,105 | |||||
Corporate and other debt securities [Member] | Level 3 [Member] | Recurring Fair Value Measurements [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Debt securities available for sale | [4] | $ 3 | $ 3 | ||||
[1] | As of September 30, 2018, financial instruments posted of $24 million were not offset in the consolidated balance sheets. As of December 31, 2017, cash collateral posted of $257 million and financial instruments posted of $50 million were not offset in the consolidated balance sheets. | ||||||
[2] | Marketable equity securities were reclassified from trading account securities and securities available for sale to other earning assets, beginning in the first quarter of 2018, with the adoption of new accounting guidance. Prior periods have been reclassified to conform to current period presentation. | ||||||
[3] | With the adoption of new accounting guidance, effective January 1, 2018, equity investments without a readily determinable fair value are required to be adjusted prospectively to estimated fair value when an observable price transaction for a same or similar investment with the same issuer occurs. | ||||||
[4] | All following disclosures related to Level 3 recurring and non-recurring assets do not include those deemed to be immaterial. |
Fair Value Measurements (Rollfo
Fair Value Measurements (Rollforward For Assets And Liabilities Measured At Fair Value On A Recurring Basis With Level 3 Significant Unobservable Inputs) (Details) - Residential Mortgage Servicing Rights [Member] - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||
Opening balance | $ 362 | $ 346 | $ 336 | $ 324 | |
Gain (Loss) Included in Earnings | [1] | (6) | (21) | 3 | (45) |
Gain (Loss) Included in Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | |
Purchases | 50 | 10 | 67 | 56 | |
Sales | 0 | 0 | 0 | 0 | |
Issuances | 0 | 0 | 0 | 0 | |
Settlements | 0 | 0 | 0 | 0 | |
Transfers Into Level 3 | 0 | 0 | 0 | 0 | |
Transfers Out Of Level 3 | 0 | 0 | 0 | 0 | |
Closing balance | $ 406 | $ 335 | $ 406 | $ 335 | |
[1] | Included in mortgage income. |
Fair Value Measurements (Sche_2
Fair Value Measurements (Schedule Of Fair Value Adjustments Related To Non-Recurring Fair Value Measurements) (Details) - Nonrecurring Fair Value Measurements [Member] - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Loans Held For Sale [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets, Fair Value Adjustment | $ (4) | $ (1) | $ (10) | $ (8) |
Foreclosed Property And Other Real Estate [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets, Fair Value Adjustment | (3) | (6) | (13) | (21) |
Equity Investments Without a Readily Determinable Fair Value [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets, Fair Value Adjustment | $ 5 | $ 0 | $ 13 | $ 0 |
Fair Value Measurements (Summar
Fair Value Measurements (Summary Of Quantitative Information About Level 3 Fair Value Measurements) (Details) - Mortgage Servicing Rights [Member] - Discounted Cash Flow [Member] $ in Millions | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018USD ($) | [1] | Dec. 31, 2017USD ($) | [2] | |
Level 3 [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | $ 406 | $ 336 | ||
Recurring Fair Value Measurements [Member] | Minimum [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Weighted Average CPR | 0.017 | 0.079 | ||
Option-Adjusted Spread | 3.10% | 8.10% | ||
Recurring Fair Value Measurements [Member] | Maximum [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Weighted Average CPR | 0.410 | 0.281 | ||
Option-Adjusted Spread | 15.00% | 15.00% | ||
Recurring Fair Value Measurements [Member] | Weighted Average [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Weighted Average CPR | 0.083 | 0.099 | ||
Option-Adjusted Spread | 8.00% | 8.60% | ||
[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, 2017 for additional disclosures related to assumptions used in the fair value calculation for residential mortgage servicing rights. |
Fair Value Measurements (Fair V
Fair Value Measurements (Fair Value Option, Fair Value and Unpaid Principal Balance) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||
Loans Held-for-sale, Fair Value Disclosure | $ 293 | $ 293 | $ 325 | ||
Mortgage loans held for sale [Member] | |||||
Fair Value, Option, Quantitative Disclosures [Line Items] | |||||
Mortgages Held-for-sale, Fair Value Disclosure | 293 | 293 | 325 | ||
Fair Value Option Mortgages Held For Sale Aggregate Unpaid Principal | 286 | 286 | 314 | ||
Aggregate Fair Value Less Aggregate Unpaid Principal | 7 | 7 | $ 11 | ||
Net gains (losses) resulting from changes in fair value | $ (4) | $ (3) | $ (4) | $ 5 |
Fair Value Measurements (Sche_3
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 | |||
Financial Assets [Abstract] | |||||
Debt securities held to maturity | $ 1,472 | $ 1,667 | |||
Debt securities available for sale | 22,671 | 23,403 | |||
Loans held for sale | 293 | 325 | |||
Other earning assets | 1,801 | 1,891 | |||
Derivative Assets | [1] | 112 | 253 | ||
Financial Liabilities [Abstract] | |||||
Derivative Liabilities | [1] | 226 | 403 | ||
Fair Value Discount On Loan Portfolio Amount | $ 1,200 | $ 1,100 | |||
Fair value discount on loan portfolio, rate | 1.50% | 1.40% | |||
Capital leases, carrying amount excluded | $ 1,000 | $ 1,100 | |||
Operating leases, carrying amount excluded | 393 | 489 | |||
Carrying Amount [Member] | |||||
Financial Assets [Abstract] | |||||
Cash and cash equivalents | 3,495 | 3,981 | |||
Debt securities held to maturity | 1,524 | 1,658 | |||
Debt securities available for sale | 22,671 | 23,403 | |||
Loans held for sale | 331 | 348 | |||
Loans (excluding leases), net of unearned income and allowance for loan losses | 79,940 | [2],[3] | 77,942 | [4],[5] | |
Other earning assets | 1,408 | [6] | 1,402 | [7] | |
Derivative Assets | 269 | 394 | |||
Financial Liabilities [Abstract] | |||||
Derivative Liabilities | 430 | 641 | |||
Deposits | 93,255 | 96,889 | |||
Short-term borrowings | 3,250 | 500 | |||
Long-term borrowings | 11,178 | 8,132 | |||
Loan commitments and letters of credit | 75 | 79 | |||
Estimate of Fair Value [Member] | |||||
Financial Assets [Abstract] | |||||
Cash and cash equivalents | 3,495 | [8] | 3,981 | [9] | |
Debt securities held to maturity | 1,472 | [8] | 1,667 | [9] | |
Debt securities available for sale | 22,671 | [8] | 23,403 | [9] | |
Loans held for sale | 331 | [8] | 348 | [9] | |
Loans (excluding leases), net of unearned income and allowance for loan losses | 78,722 | [2],[3],[8] | 76,871 | [4],[5],[9] | |
Other earning assets | 1,408 | [6],[8] | 1,402 | [7],[9] | |
Derivative Assets | 269 | [8] | 394 | [9] | |
Financial Liabilities [Abstract] | |||||
Derivative Liabilities | 430 | [8] | 641 | [9] | |
Deposits | 93,267 | [8] | 96,927 | [9] | |
Short-term borrowings | 3,250 | [8] | 500 | [9] | |
Long-term borrowings | 11,434 | [8] | 8,517 | [9] | |
Loan commitments and letters of credit | 432 | [8] | 540 | [9] | |
Level 1 [Member] | |||||
Financial Assets [Abstract] | |||||
Cash and cash equivalents | 3,495 | 3,981 | |||
Debt securities held to maturity | 0 | 0 | |||
Debt securities available for sale | 276 | 331 | |||
Loans held for sale | 0 | 0 | |||
Loans (excluding leases), net of unearned income and allowance for loan losses | 0 | [2],[3] | 0 | [4],[5] | |
Other earning assets | 475 | [6] | 414 | [7] | |
Derivative Assets | 1 | 2 | |||
Financial Liabilities [Abstract] | |||||
Derivative Liabilities | 1 | 2 | |||
Deposits | 0 | 0 | |||
Short-term borrowings | 0 | 0 | |||
Long-term borrowings | 0 | 0 | |||
Loan commitments and letters of credit | 0 | 0 | |||
Level 2 [Member] | |||||
Financial Assets [Abstract] | |||||
Cash and cash equivalents | 0 | 0 | |||
Debt securities held to maturity | 1,472 | 1,667 | |||
Debt securities available for sale | 22,390 | 23,066 | |||
Loans held for sale | 309 | 328 | |||
Loans (excluding leases), net of unearned income and allowance for loan losses | 0 | [2],[3] | 0 | [4],[5] | |
Other earning assets | 933 | [6] | 988 | [7] | |
Derivative Assets | 261 | 387 | |||
Financial Liabilities [Abstract] | |||||
Derivative Liabilities | 428 | 639 | |||
Deposits | 93,267 | 96,927 | |||
Short-term borrowings | 3,250 | 500 | |||
Long-term borrowings | 10,618 | 7,757 | |||
Loan commitments and letters of credit | 0 | 0 | |||
Level 3 [Member] | |||||
Financial Assets [Abstract] | |||||
Cash and cash equivalents | 0 | 0 | |||
Debt securities held to maturity | 0 | 0 | |||
Debt securities available for sale | 5 | 6 | |||
Loans held for sale | 22 | 20 | |||
Loans (excluding leases), net of unearned income and allowance for loan losses | 78,722 | [2],[3] | 76,871 | [4],[5] | |
Other earning assets | 0 | [6] | 0 | [7] | |
Derivative Assets | 7 | 5 | |||
Financial Liabilities [Abstract] | |||||
Derivative Liabilities | 1 | 0 | |||
Deposits | 0 | 0 | |||
Short-term borrowings | 0 | 0 | |||
Long-term borrowings | 816 | 760 | |||
Loan commitments and letters of credit | $ 432 | $ 540 | |||
[1] | As of September 30, 2018, financial instruments posted of $24 million were not offset in the consolidated balance sheets. As of December 31, 2017, cash collateral posted of $257 million and financial instruments posted of $50 million were not offset in the consolidated balance sheets. | ||||
[2] | Excluded from this table is the capital lease carrying amount of $1.0 billion at September 30, 2018. | ||||
[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 on the loan portfolio's net carrying amount at September 30, 2018 was $1.2 billion or 1.5 percent. | ||||
[4] | Excluded from this table is the capital lease carrying amount of $1.1 billion at December 31, 2017. | ||||
[5] | 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 on the loan portfolio's net carrying amount at December 31, 2017 was $1.1 billion or 1.4 percent. | ||||
[6] | Excluded from this table is the operating lease carrying amount of $393 million at September 30, 2018. | ||||
[7] | Excluded from this table is the operating lease carrying amount of $489 million at December 31, 2017. | ||||
[8] | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company relies on a robust, cross-functional corporate governance program to make adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. | ||||
[9] | Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company relies on a robust, cross-functional corporate governance program to make adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred. |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value Disclosures [Abstract] | ||
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | $ 0 | $ 0 |
Business Segment Information (S
Business Segment Information (Schedule Of Financial Information By Reportable Segment) (Details) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($)segment | Sep. 30, 2017USD ($) | |
Segment Reporting Information [Line Items] | ||||
Number of reportable segments | segment | 3 | |||
Total non-interest income | $ 519 | $ 482 | $ 1,538 | $ 1,446 |
Non-interest expense | 922 | 853 | 2,717 | 2,571 |
Income from continuing operations before income taxes | 455 | 450 | 1,464 | 1,319 |
Income tax expense (benefit) | 85 | 138 | 302 | 398 |
Corporate Bank [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income and other financing income (loss) | 348 | 362 | 1,027 | 1,062 |
Provision (Credit) for Loan Losses | 54 | 66 | 162 | 199 |
Total non-interest income | 137 | 121 | 417 | 370 |
Non-interest expense | 223 | 212 | 681 | 645 |
Income from continuing operations before income taxes | 208 | 205 | 601 | 588 |
Income tax expense (benefit) | 52 | 78 | 150 | 223 |
Net income | 156 | 127 | 451 | 365 |
Average assets | 51,694 | 51,304 | 51,271 | 51,896 |
Consumer Bank [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income and other financing income (loss) | 574 | 543 | 1,682 | 1,593 |
Provision (Credit) for Loan Losses | 79 | 75 | 231 | 220 |
Total non-interest income | 287 | 275 | 852 | 837 |
Non-interest expense | 527 | 511 | 1,574 | 1,542 |
Income from continuing operations before income taxes | 255 | 232 | 729 | 668 |
Income tax expense (benefit) | 64 | 88 | 182 | 254 |
Net income | 191 | 144 | 547 | 414 |
Average assets | 35,142 | 34,929 | 34,985 | 34,922 |
Wealth Management [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income and other financing income (loss) | 49 | 49 | 147 | 142 |
Provision (Credit) for Loan Losses | 4 | 5 | 13 | 16 |
Total non-interest income | 80 | 76 | 236 | 224 |
Non-interest expense | 84 | 80 | 260 | 247 |
Income from continuing operations before income taxes | 41 | 40 | 110 | 103 |
Income tax expense (benefit) | 10 | 16 | 27 | 42 |
Net income | 31 | 24 | 83 | 61 |
Average assets | 2,257 | 2,438 | 2,311 | 2,479 |
Other [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income and other financing income (loss) | (29) | (57) | (79) | (159) |
Provision (Credit) for Loan Losses | (53) | (70) | (272) | (241) |
Total non-interest income | 15 | 10 | 33 | 15 |
Non-interest expense | 88 | 50 | 202 | 137 |
Income from continuing operations before income taxes | (49) | (27) | 24 | (40) |
Income tax expense (benefit) | (41) | (44) | (57) | (121) |
Net income | (8) | 17 | 81 | 81 |
Average assets | 34,433 | 34,607 | 34,651 | 34,569 |
Continuing Operations [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income and other financing income (loss) | 942 | 897 | 2,777 | 2,638 |
Provision (Credit) for Loan Losses | 84 | 76 | 134 | 194 |
Total non-interest income | 519 | 482 | 1,538 | 1,446 |
Non-interest expense | 922 | 853 | 2,717 | 2,571 |
Income from continuing operations before income taxes | 455 | 450 | 1,464 | 1,319 |
Income tax expense (benefit) | 85 | 138 | 302 | 398 |
Net income | 370 | 312 | 1,162 | 921 |
Average assets | 123,526 | 123,278 | 123,218 | 123,866 |
Discontinued Operations [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income and other financing income (loss) | 1 | 1 | 1 | 1 |
Provision (Credit) for Loan Losses | 0 | 0 | 0 | 0 |
Total non-interest income | 280 | 34 | 349 | 106 |
Non-interest expense | 7 | 35 | 79 | 94 |
Income from continuing operations before income taxes | 274 | 0 | 271 | 13 |
Income tax expense (benefit) | 80 | 1 | 80 | 6 |
Net income | 194 | (1) | 191 | 7 |
Average assets | 0 | 155 | 109 | 158 |
Consolidated [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income and other financing income (loss) | 943 | 898 | 2,778 | 2,639 |
Provision (Credit) for Loan Losses | 84 | 76 | 134 | 194 |
Total non-interest income | 799 | 516 | 1,887 | 1,552 |
Non-interest expense | 929 | 888 | 2,796 | 2,665 |
Income from continuing operations before income taxes | 729 | 450 | 1,735 | 1,332 |
Income tax expense (benefit) | 165 | 139 | 382 | 404 |
Net income | 564 | 311 | 1,353 | 928 |
Average assets | $ 123,526 | $ 123,433 | $ 123,327 | $ 124,024 |
Commitments, Contingencies an_3
Commitments, Contingencies and Guarantees (Credit Risk Of Off-Balance Sheet Financial Instruments By Contractual Amounts) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Other Commitments [Line Items] | ||||||
Unused commitments to extend credit | $ 49,109 | $ 45,705 | ||||
Standby Letters Of Credit Commitment | 1,448 | 1,348 | ||||
Commercial letters of credit | 92 | 76 | ||||
Liabilities associated with standby letters of credit | 26 | 26 | ||||
Assets associated with standby letters of credit | 27 | 28 | ||||
Reserve for unfunded credit commitments | $ 50 | $ 48 | $ 53 | $ 59 | $ 67 | $ 69 |
Commitments, Contingencies an_4
Commitments, Contingencies and Guarantees (Narrative) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Commitments and Contingencies Disclosure [Abstract] | ||
Loss Contingency, Range of Possible Loss, Portion Not Accrued | $ 20 | |
Long-term Purchase Commitment [Line Items] | ||
Fannie Mae DUS Servicing Portfolio, Amount | 3,200 | $ 2,900 |
Maximum Quantifiable Fannie Mae DUS Loss Share Guarantee | 1,000 | 923 |
Estimated Fair Value of the Fannie Mae DUS Loss Share Guarantee | $ 4 | $ 4 |
Revenue Recognition (Non-Intere
Revenue Recognition (Non-Interest Income Disaggregated by Major Product Category) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2018 | Sep. 30, 2017 | [1] | Sep. 30, 2018 | Sep. 30, 2017 | [1] | ||
Corporate Bank [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | $ 68 | $ 61 | $ 220 | $ 182 | |||
Corporate Bank [Member] | Service charges on deposit accounts | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 36 | 36 | 109 | 107 | |||
Corporate Bank [Member] | Card and ATM fees | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 13 | 11 | 39 | 35 | |||
Corporate Bank [Member] | Investment management and trust fee income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Capital markets income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 15 | 10 | 59 | 30 | |||
Corporate Bank [Member] | Mortgage income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Bank-owned life insurance [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Commercial Credit Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Investment Services Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Securities gains, net | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Market value adjustments on employee benefit assets [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Insurance commissions and fees [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Corporate Bank [Member] | Gain on sale of business [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | |||||
Corporate Bank [Member] | Other miscellaneous income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 4 | 4 | 13 | 10 | |||
Consumer Bank [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 255 | 242 | 740 | 713 | |||
Consumer Bank [Member] | Service charges on deposit accounts | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 142 | 136 | 408 | 395 | |||
Consumer Bank [Member] | Card and ATM fees | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 102 | 94 | 300 | 284 | |||
Consumer Bank [Member] | Investment management and trust fee income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Capital markets income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Mortgage income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Bank-owned life insurance [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Commercial Credit Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Investment Services Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Securities gains, net | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Market value adjustments on employee benefit assets [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Insurance commissions and fees [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Consumer Bank [Member] | Gain on sale of business [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | |||||
Consumer Bank [Member] | Other miscellaneous income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 11 | 12 | 32 | 34 | |||
Wealth Management [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 80 | 75 | 236 | 222 | |||
Wealth Management [Member] | Service charges on deposit accounts | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 1 | 1 | 3 | 2 | |||
Wealth Management [Member] | Card and ATM fees | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Wealth Management [Member] | Investment management and trust fee income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 59 | 58 | 175 | 171 | |||
Wealth Management [Member] | Capital markets income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Wealth Management [Member] | Mortgage income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Wealth Management [Member] | Bank-owned life insurance [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Wealth Management [Member] | Commercial Credit Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Wealth Management [Member] | Investment Services Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 18 | 15 | 54 | 46 | |||
Wealth Management [Member] | Securities gains, net | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Wealth Management [Member] | Market value adjustments on employee benefit assets [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Wealth Management [Member] | Insurance commissions and fees [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 1 | 0 | 1 | 0 | |||
Wealth Management [Member] | Gain on sale of business [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | |||||
Wealth Management [Member] | Other miscellaneous income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 1 | 1 | 3 | 3 | |||
Other Segment Revenue [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | (1) | (1) | 1 | 3 | |||
Other Segment Revenue [Member] | Service charges on deposit accounts | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | (2) | (1) | (1) | 1 | |||
Other Segment Revenue [Member] | Card and ATM fees | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 1 | 0 | 1 | 0 | |||
Other Segment Revenue [Member] | Investment management and trust fee income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Capital markets income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Mortgage income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Bank-owned life insurance [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Commercial Credit Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Investment Services Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Securities gains, net | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Market value adjustments on employee benefit assets [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Other Segment Revenue [Member] | Insurance commissions and fees [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 1 | 0 | 2 | 2 | |||
Other Segment Revenue [Member] | Gain on sale of business [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | |||||
Other Segment Revenue [Member] | Other miscellaneous income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | (1) | 0 | (1) | 0 | |||
Other Revenue - Not Impacted [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 117 | 105 | 341 | 326 | ||
Other Revenue - Not Impacted [Member] | Service charges on deposit accounts | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 2 | 3 | 6 | 7 | ||
Other Revenue - Not Impacted [Member] | Card and ATM fees | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | (5) | (2) | (13) | (8) | ||
Other Revenue - Not Impacted [Member] | Investment management and trust fee income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 0 | 0 | 0 | 0 | ||
Other Revenue - Not Impacted [Member] | Capital markets income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 30 | 25 | 93 | 75 | ||
Other Revenue - Not Impacted [Member] | Mortgage income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 32 | 32 | 107 | 113 | ||
Other Revenue - Not Impacted [Member] | Bank-owned life insurance [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 18 | 20 | 53 | 61 | ||
Other Revenue - Not Impacted [Member] | Commercial Credit Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 18 | 17 | 52 | 53 | ||
Other Revenue - Not Impacted [Member] | Investment Services Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 0 | 0 | 0 | 0 | ||
Other Revenue - Not Impacted [Member] | Securities gains, net | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 0 | 8 | 1 | 9 | ||
Other Revenue - Not Impacted [Member] | Market value adjustments on employee benefit assets [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 7 | 3 | 4 | 10 | ||
Other Revenue - Not Impacted [Member] | Insurance commissions and fees [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 0 | 0 | 0 | 0 | ||
Other Revenue - Not Impacted [Member] | Gain on sale of business [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 0 | 0 | ||||
Other Revenue - Not Impacted [Member] | Other miscellaneous income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 15 | (1) | 38 | 6 | ||
Continuing Operations [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 519 | 482 | 1,538 | 1,446 | |||
Continuing Operations [Member] | Service charges on deposit accounts | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 179 | 175 | 525 | 512 | |||
Continuing Operations [Member] | Card and ATM fees | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 111 | 103 | 327 | 311 | |||
Continuing Operations [Member] | Investment management and trust fee income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 59 | 58 | 175 | 171 | |||
Continuing Operations [Member] | Capital markets income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 45 | 35 | 152 | 105 | |||
Continuing Operations [Member] | Mortgage income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 32 | 32 | 107 | 113 | |||
Continuing Operations [Member] | Bank-owned life insurance [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 18 | 20 | 53 | 61 | |||
Continuing Operations [Member] | Commercial Credit Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 18 | 17 | 52 | 53 | |||
Continuing Operations [Member] | Investment Services Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 18 | 15 | 54 | 46 | |||
Continuing Operations [Member] | Securities gains, net | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 8 | 1 | 9 | |||
Continuing Operations [Member] | Market value adjustments on employee benefit assets [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 7 | 3 | 4 | 10 | |||
Continuing Operations [Member] | Insurance commissions and fees [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 2 | 0 | 3 | 2 | |||
Continuing Operations [Member] | Gain on sale of business [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | |||||
Continuing Operations [Member] | Other miscellaneous income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 30 | 16 | 85 | 53 | |||
Discontinued Operations [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 280 | 34 | 349 | 106 | |||
Discontinued Operations [Member] | Service charges on deposit accounts | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Card and ATM fees | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Investment management and trust fee income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Capital markets income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Mortgage income | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Bank-owned life insurance [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Commercial Credit Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Investment Services Fee Income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Securities gains, net | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | (1) | 0 | (1) | 0 | |||
Discontinued Operations [Member] | Market value adjustments on employee benefit assets [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 0 | 0 | 0 | |||
Discontinued Operations [Member] | Insurance commissions and fees [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | 0 | 33 | 69 | 104 | |||
Discontinued Operations [Member] | Gain on sale of business [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | [2] | 281 | 281 | ||||
Discontinued Operations [Member] | Other miscellaneous income [Member] | |||||||
Disaggregation of Revenue [Line Items] | |||||||
Revenue | $ 0 | $ 1 | $ 0 | $ 2 | |||
[1] | Prior period amounts have not been adjusted under the modified retrospective method. | ||||||
[2] | This revenue is not impacted by the new accounting guidance and continues to be recognized when earned in accordance with the Company's existing revenue recognition policy. |
Recent Accounting Pronounceme_2
Recent Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Non-Interest Income Within Scope of New Standard | $ 1,300 | |
Maximum [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Operating Lease, Right-of-Use Asset | $ 600 | |
Minimum [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Operating Lease, Right-of-Use Asset | $ 400 |